0001398344-18-001400 Sample Contracts

INVESTMENT ADVISORY CONTRACT
Investment Advisory Contract • February 2nd, 2018 • Pax World Funds Series Trust Iii

Investment Advisory Contract (this "Contract") dated as of January 18, 2018 between PAX WORLD FUNDS SERIES TRUST III, a Massachusetts business trust (the “Trust”), on behalf of its Pax Ellevate Global Women’s Index Fund (the “Fund”), and PAX ELLEVATE MANAGEMENT LLC, a Delaware limited liability company (the “Manager”).

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