0001104659-11-031967.txt : 20110527 0001104659-11-031967.hdr.sgml : 20110527 20110527131720 ACCESSION NUMBER: 0001104659-11-031967 CONFORMED SUBMISSION TYPE: N-Q PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20110331 FILED AS OF DATE: 20110527 DATE AS OF CHANGE: 20110527 EFFECTIVENESS DATE: 20110527 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Pax World Funds Trust II CENTRAL INDEX KEY: 0001426870 IRS NUMBER: 000000000 STATE OF INCORPORATION: MA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: N-Q SEC ACT: 1940 Act SEC FILE NUMBER: 811-22187 FILM NUMBER: 11877259 BUSINESS ADDRESS: STREET 1: 30 PENHALLOW STREET STREET 2: SUITE 400 CITY: PORTSMOUTH STATE: NH ZIP: 03801 BUSINESS PHONE: 603-431-8022 MAIL ADDRESS: STREET 1: 30 PENHALLOW STREET STREET 2: SUITE 400 CITY: PORTSMOUTH STATE: NH ZIP: 03801 0001426870 S000025093 Pax MSCI EAFE ESG Index ETF C000074653 Shares 0001426870 S000025094 Pax MSCI North America ESG Index ETF C000074654 Shares N-Q 1 a11-13215_3nq.htm N-Q

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

 

FORM N-Q

 

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANY

 

Investment Company Act file number

811-22187

 

 

Pax World Funds Trust II

(Exact name of registrant as specified in charter)

 

30 Penhallow Street, Suite 400

Portsmouth, NH

 

03801

(Address of principal executive offices)

 

(Zip code)

 

Joseph F. Keefe

30 Penhallow Street, Suite 400

Portsmouth, NH 03801

(Name and address of agent for service)

 

Registrant’s telephone number, including area code:

1-800-767-1729

 

 

Date of fiscal year end:

December 31

 

 

 

 

Date of reporting period:

March 31, 2011

 

 


 

Item 1.     Schedule of Investments.

 


 

Pax MSCI North America ESG Index ETF

SCHEDULE OF INVESTMENTS

March 31, 2011 (Unaudited)

 

Security Description

 

Shares

 

Value

 

 

 

 

 

 

 

COMMON STOCKS — 99.4%

 

 

 

 

 

CONSUMER DISCRETIONARY — 10.5%

 

 

 

 

 

Advance Auto Parts, Inc.

 

38

 

$

2,494

 

American Eagle Outfitters, Inc.

 

88

 

1,398

 

AutoZone, Inc. (a)

 

13

 

3,556

 

Bed Bath & Beyond, Inc. (a)

 

117

 

5,648

 

Best Buy Co., Inc.

 

173

 

4,969

 

BorgWarner, Inc. (a)

 

52

 

4,144

 

Canadian Tire Corp., Ltd. (Class A)

 

34

 

2,257

 

CarMax, Inc. (a)

 

99

 

3,178

 

Coach, Inc.

 

136

 

7,077

 

Darden Restaurants, Inc.

 

59

 

2,899

 

DeVry, Inc.

 

28

 

1,542

 

Discovery Communications, Inc. (Series A) (a)

 

60

 

2,394

 

Discovery Communications, Inc. (Series C) (a)

 

62

 

2,183

 

Ford Motor Co. (a)

 

1,402

 

20,904

 

GameStop Corp. (Class A) (a)

 

64

 

1,441

 

Garmin, Ltd.

 

52

 

1,761

 

Genuine Parts Co.

 

70

 

3,755

 

Gildan Activewear, Inc.

 

50

 

1,641

 

Harley-Davidson, Inc.

 

104

 

4,419

 

Hasbro, Inc.

 

58

 

2,717

 

J.C. Penney Co., Inc.

 

94

 

3,375

 

Johnson Controls, Inc.

 

299

 

12,429

 

Kohl’s Corp.

 

130

 

6,895

 

Liberty Global, Inc. (Series A) (a)

 

58

 

2,402

 

Liberty Global, Inc. (Series C) (a)

 

51

 

2,039

 

Liberty Media Corp. - Interactive (Class A) (a)

 

252

 

4,042

 

Limited Brands, Inc.

 

134

 

4,406

 

Lowe’s Cos., Inc.

 

641

 

16,942

 

Macy’s, Inc.

 

187

 

4,537

 

Marriott International, Inc. (Class A)

 

146

 

5,195

 

Mattel, Inc.

 

161

 

4,014

 

McDonald’s Corp.

 

482

 

36,675

 

NIKE, Inc. (Class B)

 

168

 

12,718

 

Nordstrom, Inc.

 

89

 

3,994

 

O’Reilly Automotive, Inc. (a)

 

61

 

3,505

 

Omnicom Group, Inc.

 

136

 

6,672

 

PetSmart, Inc.

 

54

 

2,211

 

Staples, Inc.

 

324

 

6,292

 

Starbucks Corp.

 

331

 

12,230

 

Starwood Hotels & Resorts Worldwide, Inc.

 

84

 

4,882

 

Target Corp.

 

311

 

15,553

 

The Gap, Inc.

 

214

 

4,849

 

The TJX Cos., Inc.

 

181

 

9,001

 

The Washington Post Co. (Class B)

 

3

 

1,313

 

Thomson Reuters Corp.

 

170

 

6,672

 

Tiffany & Co.

 

56

 

3,441

 

Tim Hortons, Inc.

 

77

 

3,492

 

Time Warner Cable, Inc.

 

158

 

11,272

 

V.F. Corp.

 

46

 

4,532

 

Virgin Media, Inc.

 

140

 

3,891

 

Whirlpool Corp.

 

33

 

2,817

 

Yellow Media, Inc.

 

271

 

1,540

 

 

 

 

 

304,205

 

CONSUMER STAPLES — 9.6%

 

 

 

 

 

Avon Products, Inc.

 

190

 

5,138

 

Campbell Soup Co.

 

90

 

2,980

 

Coca-Cola Enterprises, Inc.

 

133

 

3,631

 

Colgate-Palmolive Co.

 

218

 

17,606

 

ConAgra Foods, Inc.

 

197

 

4,679

 

Empire Co., Ltd.

 

12

 

662

 

General Mills, Inc.

 

295

 

10,782

 

H.J. Heinz Co.

 

141

 

6,884

 

Hansen Natural Corp. (a)

 

33

 

1,987

 

Hormel Foods Corp.

 

64

 

1,782

 

Kellogg Co.

 

118

 

6,370

 

Kimberly-Clark Corp.

 

183

 

11,944

 

Kraft Foods, Inc. (Class A)

 

781

 

24,492

 

Loblaw Cos., Ltd.

 

48

 

1,923

 

McCormick & Co., Inc.

 

53

 

2,535

 

Metro, Inc. (Class A)

 

47

 

2,240

 

PepsiCo, Inc.

 

723

 

46,568

 

Procter & Gamble Co.

 

1,276

 

78,602

 

Ralcorp Holdings, Inc. (a)

 

24

 

1,642

 

Safeway, Inc.

 

172

 

4,049

 

Saputo, Inc.

 

64

 

2,889

 

Sara Lee Corp.

 

279

 

4,930

 

Sysco Corp.

 

263

 

7,285

 

The Clorox Co.

 

62

 

4,344

 

The Estee Lauder Cos., Inc. (Class A)

 

51

 

4,914

 

The J.M. Smucker Co.

 

52

 

3,712

 

The Kroger Co.

 

272

 

6,520

 

Viterra, Inc.

 

164

 

1,989

 

Whole Foods Market, Inc.

 

64

 

4,218

 

 

 

 

 

277,297

 

ENERGY — 10.6%

 

 

 

 

 

Apache Corp.

 

171

 

22,387

 

ARC Resources, Ltd.

 

62

 

1,685

 

Cabot Oil & Gas Corp.

 

46

 

2,437

 

Cameron International Corp. (a)

 

108

 

6,167

 

Cenovus Energy, Inc.

 

334

 

13,195

 

Chesapeake Energy Corp.

 

289

 

9,687

 

Cimarex Energy Co.

 

37

 

4,264

 

Concho Resources, Inc. (a)

 

40

 

4,292

 

Crescent Point Energy Corp.

 

103

 

4,999

 

Denbury Resources, Inc. (a)

 

168

 

4,099

 

Devon Energy Corp.

 

188

 

17,253

 

Diamond Offshore Drilling, Inc.

 

30

 

2,331

 

El Paso Corp.

 

313

 

5,634

 

Enbridge, Inc.

 

160

 

9,806

 

EOG Resources, Inc.

 

112

 

13,273

 

EQT Corp.

 

60

 

2,994

 

FMC Technologies, Inc. (a)

 

53

 

5,007

 

Hess Corp.

 

134

 

11,418

 

Kinder Morgan Management, LLC (a)

 

35

 

2,296

 

Marathon Oil Corp.

 

316

 

16,846

 

National-Oilwell Varco, Inc.

 

186

 

14,744

 

Newfield Exploration Co. (a)

 

59

 

4,485

 

Nexen, Inc.

 

232

 

5,784

 

Noble Corp.

 

114

 

5,201

 

Noble Energy, Inc.

 

77

 

7,442

 

Pacific Rubiales Energy Corp.

 

114

 

3,163

 

Penn West Petroleum, Ltd.

 

205

 

5,692

 

Petrohawk Energy Corp. (a)

 

134

 

3,288

 

Pioneer Natural Resources Co.

 

51

 

5,198

 

Plains Exploration & Production Co. (a)

 

62

 

2,246

 

Pride International, Inc. (a)

 

78

 

3,350

 

QEP Resources, Inc.

 

77

 

3,122

 

Range Resources Corp.

 

70

 

4,092

 

Southwestern Energy Co. (a)

 

154

 

6,617

 

Spectra Energy Corp.

 

288

 

7,828

 

Suncor Energy, Inc.

 

702

 

31,483

 

Sunoco, Inc.

 

53

 

2,416

 

Talisman Energy, Inc.

 

451

 

11,151

 

The Williams Cos., Inc.

 

260

 

8,107

 

 

1


 

Security Description

 

Shares

 

Value

 

 

 

 

 

 

 

Ultra Petroleum Corp. (a)

 

67

 

$

3,300

 

Weatherford International, Ltd. (a)

 

328

 

7,413

 

 

 

 

 

306,192

 

FINANCIALS — 17.9%

 

 

 

 

 

AFLAC, Inc.

 

208

 

10,978

 

AMB Property Corp. (b)

 

74

 

2,662

 

American Express Co.

 

492

 

22,238

 

Ameriprise Financial, Inc.

 

114

 

6,963

 

Annaly Capital Management, Inc. (b)

 

370

 

6,456

 

Arch Capital Group, Ltd. (a)

 

22

 

2,182

 

Assurant, Inc.

 

51

 

1,964

 

Axis Capital Holdings, Ltd.

 

53

 

1,851

 

Bank of Nova Scotia

 

468

 

28,717

 

BB&T Corp.

 

308

 

8,455

 

BlackRock, Inc.

 

40

 

8,040

 

Boston Properties, Inc. (b)

 

61

 

5,786

 

Capital One Financial Corp.

 

202

 

10,496

 

Chubb Corp.

 

145

 

8,890

 

Cincinnati Financial Corp.

 

68

 

2,230

 

CME Group, Inc.

 

29

 

8,745

 

Comerica, Inc.

 

78

 

2,864

 

Discover Financial Services

 

241

 

5,813

 

Duke Realty Corp. (b)

 

110

 

1,541

 

Eaton Vance Corp.

 

52

 

1,676

 

Everest Re Group, Ltd.

 

25

 

2,205

 

Federal Realty Investment Trust (b)

 

26

 

2,121

 

Fifth Third Bancorp

 

353

 

4,900

 

Franklin Resources, Inc.

 

70

 

8,756

 

Genworth Financial, Inc. (Class A) (a)

 

217

 

2,921

 

HCP, Inc. (b)

 

159

 

6,032

 

Health Care REIT, Inc. (b)

 

55

 

2,884

 

Host Hotels & Resorts, Inc. (b)

 

281

 

4,948

 

Hudson City Bancorp, Inc.

 

215

 

2,081

 

Intercontinental Exchange, Inc. (a)

 

30

 

3,706

 

Invesco, Ltd.

 

193

 

4,933

 

Keycorp

 

391

 

3,472

 

Kimco Realty Corp. (b)

 

180

 

3,301

 

Legg Mason, Inc.

 

72

 

2,598

 

Liberty Property Trust (b)

 

50

 

1,645

 

Lincoln National Corp.

 

134

 

4,025

 

M&T Bank Corp.

 

36

 

3,185

 

Marshall & Ilsley Corp.

 

222

 

1,774

 

New York Community Bancorp, Inc.

 

183

 

3,159

 

Northern Trust Corp.

 

98

 

4,973

 

NYSE Euronext

 

116

 

4,080

 

PartnerRe, Ltd.

 

32

 

2,536

 

People’s United Financial, Inc.

 

166

 

2,088

 

PNC Financial Services Group, Inc.

 

233

 

14,677

 

Principal Financial Group, Inc.

 

142

 

4,560

 

ProLogis (b)

 

211

 

3,372

 

Regency Centers Corp. (b)

 

36

 

1,565

 

Regions Financial Corp.

 

530

 

3,848

 

Royal Bank of Canada

 

647

 

40,035

 

SEI Investments Co.

 

58

 

1,385

 

State Street Corp.

 

223

 

10,022

 

SunTrust Banks, Inc.

 

222

 

6,402

 

T. Rowe Price Group, Inc.

 

115

 

7,638

 

The Bank of New York Mellon Corp.

 

539

 

16,100

 

The Charles Schwab Corp.

 

486

 

8,763

 

The Macerich Co. (b)

 

57

 

2,823

 

The NASDAQ OMX Group, Inc. (a)

 

60

 

1,550

 

The Progressive Corp.

 

283

 

5,980

 

The Travelers Cos., Inc.

 

220

 

13,086

 

Toronto-Dominion Bank

 

396

 

35,046

 

U.S. Bancorp

 

852

 

22,518

 

Ventas, Inc. (b)

 

69

 

3,747

 

Vornado Realty Trust (b)

 

72

 

6,300

 

W.R. Berkley Corp.

 

61

 

1,965

 

Wells Fargo & Co.

 

2,240

 

71,008

 

White Mountains Insurance Group, Ltd.

 

3

 

1,093

 

XL Group PLC

 

152

 

3,739

 

 

 

 

 

518,092

 

HEALTH CARE — 10.6%

 

 

 

 

 

Abbott Laboratories

 

712

 

34,923

 

Aetna, Inc.

 

188

 

7,037

 

Agilent Technologies, Inc. (a)

 

155

 

6,941

 

Allergan, Inc.

 

137

 

9,730

 

Baxter International, Inc.

 

266

 

14,303

 

Becton, Dickinson & Co.

 

103

 

8,201

 

Bristol-Myers Squibb Co.

 

765

 

20,219

 

Genzyme Corp. (a)

 

118

 

8,986

 

Gilead Sciences, Inc. (a)

 

395

 

16,764

 

Hospira, Inc. (a)

 

73

 

4,030

 

Johnson & Johnson

 

1,247

 

73,885

 

Life Technologies Corp. (a)

 

81

 

4,246

 

McKesson Corp.

 

120

 

9,486

 

Medco Health Solutions, Inc. (a)

 

203

 

11,400

 

Medtronic, Inc.

 

489

 

19,242

 

Merck & Co., Inc.

 

1,397

 

46,115

 

Valeant Pharmaceuticals International, Inc.

 

125

 

6,240

 

Waters Corp. (a)

 

41

 

3,563

 

 

 

 

 

305,311

 

INDUSTRIALS — 12.2%

 

 

 

 

 

3M Co.

 

304

 

28,424

 

AMETEK, Inc.

 

70

 

3,071

 

Avery Dennison Corp.

 

43

 

1,804

 

Bombardier, Inc. (Class B)

 

636

 

4,677

 

C.H. Robinson Worldwide, Inc.

 

77

 

5,708

 

Canadian National Railway Co.

 

211

 

15,920

 

Canadian Pacific Railway, Ltd.

 

74

 

4,757

 

Caterpillar, Inc.

 

282

 

31,401

 

Cooper Industries PLC

 

74

 

4,803

 

CSX Corp.

 

172

 

13,519

 

Cummins, Inc.

 

84

 

9,208

 

Danaher Corp.

 

248

 

12,871

 

Deere & Co.

 

188

 

18,215

 

Delta Air Lines, Inc. (a)

 

116

 

1,137

 

Dover Corp.

 

83

 

5,456

 

Eaton Corp.

 

140

 

7,762

 

Emerson Electric Co.

 

338

 

19,749

 

Equifax, Inc.

 

56

 

2,176

 

Expeditors International Washington, Inc.

 

94

 

4,713

 

Fastenal Co.

 

60

 

3,890

 

FedEx Corp.

 

132

 

12,349

 

Finning International, Inc.

 

75

 

2,216

 

Fluor Corp.

 

79

 

5,819

 

Foster Wheeler AG (a)

 

56

 

2,107

 

Illinois Tool Works, Inc.

 

204

 

10,959

 

Ingersoll-Rand PLC

 

143

 

6,908

 

Iron Mountain, Inc.

 

81

 

2,530

 

J.B. Hunt Transport Services, Inc.

 

42

 

1,908

 

Manpower, Inc.

 

36

 

2,264

 

Masco Corp.

 

159

 

2,213

 

Norfolk Southern Corp.

 

164

 

11,360

 

PACCAR, Inc.

 

147

 

7,695

 

Pall Corp.

 

51

 

2,938

 

Pentair, Inc.

 

43

 

1,625

 

Pitney Bowes, Inc.

 

92

 

2,364

 

Precision Castparts Corp.

 

63

 

9,272

 

Quanta Services, Inc. (a)

 

93

 

2,086

 

 

2


 

Security Description

 

Shares

 

Value

 

 

 

 

 

 

 

R.R. Donnelley & Sons Co.

 

91

 

$

1,722

 

Robert Half International, Inc.

 

63

 

1,928

 

Rockwell Automation, Inc.

 

63

 

5,963

 

Roper Industries, Inc.

 

41

 

3,545

 

Southwest Airlines Co.

 

83

 

1,048

 

SPX Corp.

 

21

 

1,667

 

The Dun & Bradstreet Corp.

 

22

 

1,765

 

Tyco International, Ltd.

 

228

 

10,208

 

United Parcel Service, Inc. (Class B)

 

323

 

24,005

 

Verisk Analytics, Inc. (Class A) (a)

 

44

 

1,441

 

W.W. Grainger, Inc.

 

30

 

4,130

 

Waste Management, Inc.

 

203

 

7,580

 

 

 

 

 

350,876

 

INFORMATION TECHNOLOGY — 17.8%

 

 

 

 

 

Accenture PLC (Class A)

 

283

 

15,557

 

Adobe Systems, Inc. (a)

 

234

 

7,759

 

Advanced Micro Devices, Inc. (a)

 

254

 

2,184

 

Applied Materials, Inc.

 

597

 

9,325

 

Autodesk, Inc. (a)

 

102

 

4,499

 

CA, Inc.

 

182

 

4,401

 

CGI Group, Inc. (Class A) (a)

 

111

 

2,328

 

Cisco Systems, Inc.

 

2,571

 

44,093

 

Dell, Inc. (a)

 

819

 

11,884

 

EMC Corp. (a)

 

914

 

24,267

 

Google, Inc. (Class A) (a)

 

111

 

65,069

 

Hewlett-Packard Co.

 

1,054

 

43,182

 

Intel Corp.

 

2,519

 

50,808

 

International Business Machines Corp.

 

569

 

92,787

 

Intuit, Inc. (a)

 

133

 

7,062

 

Motorola Solutions, Inc. (a)

 

140

 

6,257

 

Open Text Corp. (a)

 

24

 

1,491

 

Oracle Corp.

 

1,816

 

60,600

 

Research In Motion, Ltd. (a)

 

220

 

12,442

 

Salesforce.com, Inc. (a)

 

51

 

6,813

 

Symantec Corp. (a)

 

355

 

6,582

 

Texas Instruments, Inc.

 

543

 

18,766

 

Xerox Corp.

 

613

 

6,528

 

Yahoo!, Inc. (a)

 

585

 

9,740

 

 

 

 

 

514,424

 

MATERIALS — 5.2%

 

 

 

 

 

Agnico-Eagle Mines, Ltd.

 

74

 

4,919

 

Agrium, Inc.

 

69

 

6,372

 

Air Products & Chemicals, Inc.

 

94

 

8,477

 

Airgas, Inc.

 

34

 

2,258

 

Alcoa, Inc.

 

454

 

8,013

 

Allegheny Technologies, Inc.

 

39

 

2,641

 

Ball Corp.

 

76

 

2,725

 

Celanese Corp. (Series A)

 

69

 

3,061

 

Cliffs Natural Resources, Inc.

 

60

 

5,897

 

Crown Holdings, Inc. (a)

 

72

 

2,778

 

Eastman Chemical Co.

 

31

 

3,079

 

Ecolab, Inc.

 

103

 

5,255

 

Inmet Mining Corp.

 

23

 

1,617

 

International Flavors & Fragrances, Inc.

 

35

 

2,180

 

International Paper Co.

 

184

 

5,553

 

Kinross Gold Corp.

 

504

 

7,943

 

Lubrizol Corp.

 

30

 

4,019

 

LyondellBasell Industries NV (Class A) (a)

 

68

 

2,689

 

Martin Marietta Materials, Inc.

 

19

 

1,704

 

MeadWestvaco Corp.

 

75

 

2,275

 

Nucor Corp.

 

140

 

6,443

 

Owens-Illinois, Inc. (a)

 

73

 

2,204

 

Potash Corp. of Saskatchewan, Inc.

 

399

 

23,537

 

Praxair, Inc.

 

136

 

13,817

 

Sealed Air Corp.

 

70

 

1,866

 

Sigma-Aldrich Corp.

 

53

 

3,373

 

Teck Resources, Ltd. (Class B)

 

263

 

13,941

 

United States Steel Corp.

 

63

 

3,398

 

Vulcan Materials Co.

 

56

 

2,554

 

Yamana Gold, Inc.

 

327

 

4,041

 

 

 

 

 

151,688

 

TELECOMMUNICATION SERVICES — 1.9%

 

 

 

 

 

American Tower Corp. (Class A) (a)

 

179

 

9,276

 

BCE, Inc.

 

112

 

4,069

 

CenturyLink, Inc.

 

133

 

5,526

 

Crown Castle International Corp. (a)

 

129

 

5,489

 

Frontier Communications Corp.

 

434

 

3,568

 

MetroPCS Communications, Inc. (a)

 

110

 

1,786

 

NII Holdings, Inc. (a)

 

74

 

3,084

 

Qwest Communications International, Inc.

 

695

 

4,747

 

Rogers Communications, Inc. (Class B)

 

199

 

7,233

 

SBA Communications Corp. (Class A) (a)

 

49

 

1,944

 

Sprint Nextel Corp. (a)

 

1,310

 

6,078

 

Telephone & Data Systems, Inc.

 

21

 

708

 

Windstream Corp.

 

214

 

2,754

 

 

 

 

 

56,262

 

UTILITIES — 2.8%

 

 

 

 

 

Alliant Energy Corp.

 

49

 

1,908

 

American Water Works Co., Inc.

 

77

 

2,160

 

Calpine Corp. (a)

 

158

 

2,507

 

Canadian Utilities, Ltd. (Class A)

 

37

 

2,021

 

CenterPoint Energy, Inc.

 

175

 

3,073

 

Consolidated Edison, Inc.

 

125

 

6,340

 

DTE Energy Co.

 

74

 

3,623

 

Integrys Energy Group, Inc.

 

33

 

1,667

 

MDU Resources Group, Inc.

 

79

 

1,815

 

NextEra Energy, Inc.

 

174

 

9,591

 

NiSource, Inc.

 

123

 

2,359

 

Northeast Utilities

 

78

 

2,699

 

NSTAR

 

47

 

2,175

 

ONEOK, Inc.

 

44

 

2,943

 

Pepco Holdings, Inc.

 

99

 

1,846

 

PG&E Corp.

 

186

 

8,217

 

Pinnacle West Capital Corp.

 

48

 

2,054

 

PPL Corp.

 

208

 

5,262

 

SCANA Corp.

 

52

 

2,047

 

Sempra Energy

 

104

 

5,564

 

TransAlta Corp.

 

98

 

2,066

 

Wisconsin Energy Corp.

 

102

 

3,111

 

Xcel Energy, Inc.

 

204

 

4,873

 

 

 

 

 

79,921

 

TOTAL COMMON STOCKS —
(Cost $2,459,336)

 

 

 

2,871,209

 

 

 

 

 

 

 

SHORT TERM INVESTMENT — 0.5%

 

 

 

 

 

MONEY MARKET FUND — 0.5%

 

 

 

 

 

State Street Institutional Liquid Reserves Fund
(Cost $13,211)

 

13,211

 

13,211

 

TOTAL INVESTMENTS — 99.9%
(Cost $2,472,547)

 

 

 

2,884,420

 

OTHER ASSETS & LIABILITIES — 0.1%

 

 

 

3,015

 

NET ASSETS — 100.0%

 

 

 

$

2,887,435

 

 

(a)   Non-income producing security.

(b)   REIT = Real Estate Investment Trust

 

3


 

Pax MSCI North America ESG Index ETF

SCHEDULE OF INVESTMENTS

March 31, 2011 (Unaudited)

 

GEOGRAPHICAL DIVERSIFICAITON

 

Country

 

Percent of Net Assets

 

Canada

 

12.0

%

United States

 

87.9

%

Other Assets And Liabilities

 

0.1

%

Total Net Assets

 

100.0

%

 

1


 

Pax MSCI EAFE ESG Index ETF

SCHEDULE OF INVESTMENTS

March 31, 2011 (Unaudited)

 

Security Description

 

Shares

 

Value

 

 

 

 

 

 

 

COMMON STOCKS — 99.9%

 

 

 

 

 

CONSUMER DISCRETIONARY — 10.3%

 

 

 

 

 

Bayerische Motoren Werke AG

 

206

 

$

17,152

 

Canon Marketing Japan, Inc.

 

200

 

2,484

 

Compagnie Financiere Richemont SA

 

312

 

18,020

 

Continental AG (a)

 

80

 

7,219

 

Denso Corp.

 

200

 

6,636

 

Hennes & Mauritz AB (Class B)

 

736

 

24,440

 

Honda Motor Co., Ltd.

 

800

 

30,055

 

Industria de Diseno Textil SA

 

198

 

15,888

 

Isetan Mitsukoshi Holdings, Ltd.

 

400

 

3,602

 

LVMH Moet Hennessy Louis Vuitton SA

 

178

 

28,178

 

Modern Times Group AB (Class B)

 

104

 

7,909

 

Nissan Motor Co., Ltd.

 

1,800

 

15,970

 

Panasonic Corp.

 

1,000

 

12,719

 

Pearson PLC

 

1,694

 

29,920

 

Renault SA (a)

 

70

 

3,870

 

Sony Corp.

 

600

 

19,216

 

Volkswagen AG Preference Shares

 

86

 

13,949

 

 

 

 

 

257,227

 

CONSUMER STAPLES — 11.1%

 

 

 

 

 

Associated British Foods PLC

 

684

 

10,885

 

Carrefour SA

 

370

 

16,381

 

Coca Cola Hellenic Bottling Co. SA

 

434

 

11,656

 

Colruyt SA

 

756

 

39,813

 

Danone SA

 

348

 

22,733

 

Delhaize Group

 

196

 

15,958

 

Ito En, Ltd.

 

200

 

3,484

 

Kao Corp.

 

400

 

9,978

 

Kerry Group PLC

 

350

 

13,045

 

L’Oreal SA

 

184

 

21,435

 

Metro AG

 

144

 

9,840

 

Tesco PLC

 

4,702

 

28,739

 

Unilever NV

 

931

 

29,192

 

Unilever PLC

 

836

 

25,481

 

Woolworths, Ltd.

 

676

 

18,795

 

 

 

 

 

277,415

 

ENERGY — 6.5%

 

 

 

 

 

Aker Solutions ASA

 

120

 

2,758

 

BG Group PLC

 

1,796

 

44,686

 

Cairn Energy PLC (a)

 

1,282

 

9,503

 

Compagnie Generale de Geophysique-Veritas (a)

 

242

 

8,727

 

ENI SpA

 

400

 

9,824

 

Origin Energy, Ltd.

 

480

 

8,053

 

Repsol YPF SA

 

620

 

21,242

 

Technip SA

 

160

 

17,063

 

Tenaris SA

 

600

 

14,736

 

Tullow Oil PLC

 

720

 

16,725

 

WorleyParsons, Ltd.

 

274

 

8,780

 

 

 

 

 

162,097

 

FINANCIALS — 27.6%

 

 

 

 

 

Australia & New Zealand Banking Group, Ltd.

 

1,320

 

32,509

 

Banco Bilbao Vizcaya Argentaria SA

 

2,410

 

29,240

 

Banco Santander SA

 

4,236

 

49,179

 

Commerzbank AG (a)

 

616

 

4,801

 

Commonwealth Bank of Australia

 

762

 

41,300

 

Danske Bank A/S (a) (b)

 

124

 

2,769

 

Danske Bank A/S (a) (b)

 

372

 

8,237

 

Deutsche Boerse AG

 

114

 

8,652

 

Erste Group Bank AG

 

182

 

9,184

 

GPT Group

 

2,470

 

8,022

 

Hong Kong Exchanges and Clearing, Ltd.

 

800

 

17,381

 

HSBC Holdings PLC

 

8,342

 

85,780

 

ING Groep NV (a)

 

1,744

 

22,074

 

Intesa Sanpaolo SpA

 

4,678

 

13,843

 

Mirvac Group

 

5,926

 

7,631

 

Mitsubishi UFJ Financial Group, Inc.

 

6,200

 

28,622

 

Mitsui Fudosan Co., Ltd.

 

4,000

 

66,025

 

Mizuho Financial Group, Inc.

 

10,400

 

17,254

 

National Australia Bank, Ltd.

 

1,278

 

34,171

 

National Bank of Greece SA (a)

 

814

 

7,233

 

Nomura Holdings, Inc.

 

2,200

 

11,505

 

Nordea Bank AB

 

2,102

 

23,012

 

Prudential PLC

 

1,674

 

18,973

 

Royal Bank of Scotland Group PLC (a)

 

9,738

 

6,372

 

RSA Insurance Group PLC

 

7,934

 

16,737

 

Skandinaviska Enskilda Banken AB (Class A)

 

1,020

 

9,098

 

Standard Chartered PLC

 

1,226

 

31,802

 

Swedbank AB (Class A)

 

604

 

10,335

 

Swiss Reinsurance Co., Ltd.

 

130

 

7,438

 

UniCredit SpA

 

8,132

 

20,099

 

Westpac Banking Corp.

 

1,522

 

38,302

 

 

 

 

 

687,580

 

HEALTH CARE — 8.4%

 

 

 

 

 

CSL, Ltd.

 

268

 

9,905

 

GlaxoSmithKline PLC

 

2,630

 

50,185

 

Novartis AG

 

988

 

53,590

 

Novo Nordisk A/S (Class B)

 

236

 

29,650

 

Roche Holding AG

 

330

 

47,138

 

Takeda Pharmaceutical Co., Ltd.

 

400

 

18,658

 

 

 

 

 

209,126

 

INDUSTRIALS — 12.4%

 

 

 

 

 

Auckland International Airport, Ltd.

 

7,246

 

12,246

 

Bunzl PLC

 

1,680

 

20,065

 

Compagnie de Saint-Gobain

 

318

 

19,471

 

Delek Group, Ltd.

 

10

 

2,707

 

Deutsche Post AG

 

728

 

13,124

 

East Japan Railway Co.

 

200

 

11,120

 

Ferrovial SA

 

688

 

8,629

 

Hitachi Construction Machinery Co., Ltd.

 

600

 

15,025

 

Hochtief AG

 

92

 

9,896

 

Komatsu, Ltd.

 

800

 

27,170

 

Kubota Corp.

 

4,000

 

37,701

 

Mitsubishi Electric Corp.

 

4,000

 

47,223

 

Sandvik AB

 

700

 

13,208

 

Schneider Electric SA

 

150

 

25,637

 

Societe BIC SA

 

168

 

14,933

 

Vestas Wind Systems A/S (a)

 

168

 

7,287

 

Volvo AB (Class B) (a)

 

830

 

14,596

 

Wolseley PLC (a)

 

288

 

9,698

 

 

 

 

 

309,736

 

INFORMATION TECHNOLOGY — 3.4%

 

 

 

 

 

ASML Holding NV

 

254

 

11,195

 

Canon, Inc.

 

400

 

17,408

 

Fujitsu, Ltd.

 

4,000

 

22,602

 

Konica Minolta Holdings, Inc.

 

2,000

 

16,759

 

Nokia OYJ

 

1,884

 

16,113

 

 

 

 

 

84,077

 

MATERIALS — 10.3%

 

 

 

 

 

Akzo Nobel NV

 

210

 

14,428

 

 

1


 

Security Description

 

Shares

 

Value

 

 

 

 

 

 

 

BASF SE

 

498

 

$

43,073

 

BlueScope Steel, Ltd.

 

2,476

 

5,058

 

CRH PLC

 

482

 

11,066

 

Fortescue Metals Group, Ltd.

 

606

 

4,018

 

Holcim, Ltd.

 

200

 

15,068

 

Israel Chemicals, Ltd.

 

540

 

8,891

 

K+S AG

 

160

 

12,079

 

Lonmin PLC

 

220

 

6,010

 

Macarthur Coal, Ltd.

 

402

 

4,824

 

Newcrest Mining, Ltd.

 

432

 

17,793

 

Nippon Steel Corp.

 

2,000

 

6,396

 

Norsk Hydro ASA

 

1,306

 

10,712

 

OZ Minerals, Ltd.

 

3,000

 

4,949

 

Shin-Etsu Chemical Co., Ltd.

 

200

 

9,942

 

Stora Enso OYJ

 

606

 

7,219

 

Syngenta AG

 

58

 

18,849

 

Ube Industries, Ltd.

 

2,000

 

6,372

 

UPM-Kymmene OYJ

 

548

 

11,587

 

Wacker Chemie AG

 

34

 

7,647

 

Xstrata PLC

 

1,050

 

24,542

 

Yara International ASA

 

126

 

6,384

 

 

 

 

 

256,907

 

TELECOMMUNICATION SERVICES — 6.4%

 

 

 

 

 

France Telecom SA

 

968

 

21,689

 

KDDI Corp.

 

2

 

12,383

 

NTT DoCoMo, Inc.

 

10

 

17,576

 

Softbank Corp.

 

400

 

15,965

 

Swisscom AG

 

20

 

8,917

 

Telenor ASA

 

590

 

9,708

 

Vodafone Group PLC

 

25,988

 

73,583

 

 

 

 

 

159,821

 

UTILITIES — 3.5%

 

 

 

 

 

CLP Holdings, Ltd.

 

1,000

 

8,087

 

Hokuriku Electric Power Co.

 

400

 

9,060

 

Hongkong Electric Holdings, Ltd.

 

2,000

 

13,370

 

Iberdrola SA

 

2,364

 

20,557

 

The Chugoku Electric Power Co., Inc.

 

1,400

 

25,886

 

Veolia Environnement SA

 

280

 

8,706

 

 

 

 

 

85,666

 

TOTAL COMMON STOCKS —
(Cost $2,519,125)

 

 

 

2,489,652

 

RIGHTS — 0.0%

 

 

 

 

 

ENERGY — 0.0%

 

 

 

 

 

Origin Energy Ltd. (expiring 04/13/11) (a) (Cost $0)

 

96

 

318

 

TOTAL INVESTMENTS — 99.9%
(Cost $2,519,125)

 

 

 

2,489,970

 

OTHER ASSETS & LIABILITIES — 0.1%

 

 

 

2,131

 

NET ASSETS — 100.0%

 

 

 

$

2,492,101

 

 

(a) Non-income producing security.

(b) Reflects separate holdings of the issuer’s common stock traded on different securities exchanges.

 

GEOGRAPICAL DIVERSIFICATION

 

Country

 

Percent of Net Assets

 

 

 

 

 

Japan

 

21.7

%

United Kingdom

 

19.0

%

Australia

 

9.8

%

France

 

8.5

%

Switzerland

 

8.3

%

Germany

 

5.9

%

Spain

 

5.9

%

Sweden

 

4.1

%

Netherlands

 

3.2

%

Belgium

 

2.2

%

Denmark

 

1.9

%

Italy

 

1.7

%

Hong Kong

 

1.5

%

Finland

 

1.4

%

Norway

 

1.1

%

Ireland

 

0.9

%

Greece

 

0.8

%

Luxembourg

 

0.6

%

Israel

 

0.5

%

New Zealand

 

0.5

%

Austria

 

0.4

%

Other Assets And Liabilities

 

0.1

%

Total Net Assets

 

100.0

%

 

2


 

Notes to Schedules of Investments

Pax World Funds Trust II

 

Organization

 

Pax World Funds Trust II (the “Trust”), which is registered under the Investment Company Act of 1940, as amended (the “1940 Act”), is an open-end management investment company organized under the laws of the Commonwealth of Massachusetts on February 7, 2008.

 

As of March 31, 2011, the Trust offered two portfolios which represent a series of beneficial interest in the Trust, the Pax MSCI North America ESG Index ETF and Pax MSCI EAFE ESG Index ETF (each referred to as a “Fund” or collectively as the “Funds”).  The Funds commenced operations on May 18, 2010 and January 27, 2011, respectively and first listed on NYSE Arca, Inc. on May 19, 2010 and January 28, 2011, respectively. These schedules of investments relate to the Funds which each operate as a non-diversified investment company. The Funds’ investment objectives are to seek investment returns that closely correspond to the price and yield performance, before fees and expenses, of the MSCI North America ESG Index and the MSCI EAFE ESG Index, respectively.

 

Indemnifications and Guarantees

 

Under the Trust’s organizational documents, its officers and trustees are indemnified against certain liabilities arising out of the performance of their duties to the Trust. Additionally, in the normal course of business, the Trust enters into contracts with service providers that contain general indemnification clauses. The Trust’s maximum exposure under these arrangements is unknown as this could involve future claims that may be made against the Trust that have not yet occurred. However, while the Trust has a relatively short operating history, the Trust nonetheless expects the risk of loss to be remote.

 

Security Valuation

 

The Funds investments for which market quotations are readily available are valued at market value. Market values for various types of securities and other instruments are determined on the basis of closing prices or last sales prices on an exchange or other market, or based on quotes or other market information obtained from quotation reporting systems, established market makers or pricing services. Short-term investments having a maturity of 60 days or less are generally valued at amortized cost, which approximates fair value.

 

If market quotations are not readily available (including in cases when available market quotations are deemed unreasonable), the Funds’ investments will be valued as determined in good faith pursuant to policies and procedures approved by the board of trustees (so called “fair value pricing”). Fair value pricing may require subjective determinations about the value of a security or other asset, and fair values used to determine each Fund’s net asset value per share (“NAV”) may differ from quoted or published prices, or from prices that are used by others, for the same investments. Also, the use of fair value pricing may not always result in adjustments to the prices of securities or other assets held by the Funds.

 

The Funds may determine that market quotations are not readily available due to events relating to a single issuer (e.g., corporate actions or announcements) or events relating to multiple issuers (e.g., governmental actions or natural disasters). The Funds may determine the fair value of investments based on information provided by pricing services and other third-party vendors, which may recommend fair value prices or adjustments with reference to other securities, indices or assets. In considering whether fair value pricing is required and in determining fair values, the Funds may, among other things, consider significant events (which may be considered to include changes in the value of U.S. securities or securities indices) that occur after the close of the relevant market and the usual time of valuation.  Fair value pricing could result in a difference between the prices used to calculate the Funds’ NAVs and the prices used by the Funds’ benchmark indexes, which, in turn, could result in a difference between the Funds’ performance and the performance of the Funds’ benchmark indexes.

 

Non-U.S. markets can be significantly more volatile than domestic markets, causing the prices of some of the Fund’s investments to fluctuate significantly, rapidly and unpredictably. Non-U.S. securities may be less liquid than domestic securities; consequently, the Fund may at times be unable to sell non-U.S.

 


 

securities at desirable times or prices. Other risks related to non-U.S. securities include delays in the settlement of transactions; less publicly available information about issuers; different reporting, accounting and auditing standards; the effect of political, social, diplomatic or economic events; seizure, expropriation or nationalization of the issuer or its assets; and the possible imposition of currency exchange controls. If the Fund invests substantially in securities of non-U.S. issuers tied economically to a particular country or geographic region, it will be subject to the risks associated with such country or geographic region to a greater extent than a fund that is more diversified across countries or geographic regions.

 

The Board of Trustees of the Trust has determined that, because shares of the Funds are purchased or redeemed principally by the delivery of in-kind securities, rather than cash, the use of local market closing prices to determine the value of foreign securities, rather than fair values determined as of the New York Stock Exchange (“NYSE”) Close to give effect to intervening changes in one or more Indexes, is unlikely to result in material dilution of the interests of the Funds’ shareholders. Therefore, and in order to minimize tracking error relative to the respective index (which is based on local market closing prices), the Funds generally intend to use local market closing prices to value foreign securities, and may determine in the future to value foreign securities using a different methodology.

 

Investments initially valued in currencies other than the U.S. dollar are converted to U.S. dollars using exchange rates obtained from pricing services. As a result, NAV of each Fund’s shares may be affected by changes in the value of currencies in relation to the U.S. dollar. The value of investments traded in markets outside the United States or denominated in currencies other than the U.S. dollar may be affected significantly on a day that the New York Stock Exchange is closed, and the NAV of each Fund’s shares may change on days when an investor is not able to purchase, redeem or exchange shares.

 

For purposes of calculating NAV, the Funds normally use pricing data for domestic equity securities received shortly after the NYSE Close and do not normally take into account trading, clearances or settlements that take place after the NYSE Close. Domestic fixed income and foreign securities are normally priced using data reflecting the earlier closing of the principal markets for those securities, subject to possible fair value adjustments. Information that becomes known to the Funds or their agents after NAV has been calculated on a particular day will not generally be used to retroactively adjust the price of a security or NAV determined earlier that day.

 

Fair value is defined as the price that the Funds would receive upon selling an investment in a timely transaction to an independent buyer in the principal or most advantageous market of the investment. A three-tier hierarchy has been established to maximize the use of observable market data and minimize the use of unobservable inputs and to establish classification of fair value measurements for disclosure purposes. Inputs refer broadly to the assumptions that market participants would use in pricing the asset or liability, including assumptions about risk, for example, the risk inherent in a particular valuation technique used to measure fair value including such a pricing model and/or the risk inherent in the inputs to the valuation technique. Inputs may be observable or unobservable. Observable inputs are inputs that reflect the assumptions market participants would use in pricing the asset or liability developed based on market data obtained from sources independent of the reporting entity. Unobservable inputs are inputs that reflect the reporting entity’s own assumptions about the assumptions market participants would use in pricing the asset or liability developed based on the best information available in the circumstances. The three-tier hierarchy of inputs is summarized in the three broad Levels listed below.

 

· Level 1 —quoted prices in active markets for identical investments

· Level 2—other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)

· Level 3— significant unobservable inputs (including the Funds’ own assumptions in determining the fair value of investments)

 

Equity securities, including restricted securities and options on equity securities, for which market quotations are readily available, valued at the last reported sale price or official closing price as reported by an independent pricing service, are generally categorized as Level 1 in the hierarchy. Debt securities are valued at evaluated prices received from independent pricing services and are generally categorized as

 


 

Level 2 in the hierarchy. Investments in mutual funds are generally categorized as Level 1. Short-term securities with remaining maturities of sixty days or less, which are valued at amortized cost, are generally categorized as Level 2 in the hierarchy.

 

Investments that use Level 2 or Level 3 inputs may include, but are not limited to: (i) an unlisted security related to corporate actions; (ii) a restricted security (e.g., one that may not be publicly sold without registration under the Securities Act of 1933, as amended); (iii) a security whose trading has been suspended or which has been de-listed from its primary exchange; (iv) a security that is thinly traded; (v) a security in default or bankruptcy proceedings for which there is no current market quotation; (vi) a security affected by currency controls or restrictions; and (vii) a security affected by a significant event (e.g., an event that occurs after the close of the markets on which a security is traded but before the time at which the Funds’ net assets are computed and that may materially affect the value of the Funds’ investments). Examples of events that may be “significant events” are government actions, natural disasters, armed conflict, acts of terrorism, and significant market fluctuations. Utilization of inputs for such investments may result in transfers between Levels.

 

The inputs or methodology used for valuation are not necessarily an indication of the risk associated with investing in those investments.

 

The following is a summary of the inputs used to value the Funds’ net assets as of March 31, 2011:

 

Pax MSCI North America ESG Index ETF

 

 

 

Level 1

 

Level 2

 

Level 3

 

Total

 

Common Stocks

 

$

2,871,209

 

$

—

 

$

—

 

$

2,871,209

 

Money Market Fund

 

13,211

 

—

 

—

 

13,211

 

Total

 

$

2,884,420

 

$

—

 

$

—

 

$

2,884,420

 

 

The Fund did not hold any Level 3 categorized securities and there were no significant transfers between Level 1 and Level 2 during the period ended March 31, 2011.

 

Pax MSCI EAFE ESG Index ETF

 

 

 

Level 1

 

Level 2

 

Level 3

 

Total

 

Common Stocks

 

$

2,489,970

 

$

—

 

$

—

 

$

2.489,970

 

Money Market Fund

 

—

 

—

 

—

 

—

 

Total

 

$

2,489,970

 

$

—

 

$

—

 

$

2,489,970

 

 

The Fund did not hold any Level 3 categorized securities and there were no significant transfers between Level 1 and Level 2 during the period from January 27, 2011 through March 31, 2011.

 

Foreign Currency Transactions  The accounting records of the Funds are maintained in U.S. dollars. In addition, purchases and sales of investment securities, dividend and interest income, and certain expenses are translated at the rates of exchange prevailing on the respective dates of such transactions. Net realized and unrealized foreign currency exchange gains or losses occurring during the holding period of investment securities are a component of realized gain (loss) on investment transactions and unrealized appreciation (depreciation) on investments, respectively.

 

Investment Information

 

For the period ended March 31, 2011, the Trust had in-kind contributions and in-kind redemptions as follows:

 

 

 

Contributions

 

Redemptions

 

Pax MSCI North America ESG Index ETF

 

$

—

 

$

—

 

Pax EAFE MSCI ESG Index ETF

 

$

2,496,341

 

$

—

 

 

For the period ended March 31, 2011, the Trust had purchases and sales of investment securities as follows:

 

 

 

Purchases

 

Sales

 

Pax MSCI North America ESG Index ETF

 

$

784,343

 

$

752,735

 

Pax MSCI EAFE ESG Index ETF

 

$

22,784

 

$

—

 

 

The identified cost of investments in securities owned by each Fund for federal income tax purposes was substantially the same as the cost for financial reporting purposes.  Accordingly, gross unrealized appreciation and depreciation at March 31, 2011 were as follows:

 

 

 

Identified
Cost

 

Gross
Unrealized
Appreciation

 

Gross
Unrealized
Depreciation

 

Net
Unrealized
Appreciation
(Depreciation)

 

Pax MSCI North America ESG Index ETF

 

$

2,472,547

 

$

465,427

 

$

53,554

 

$

411,873

 

Pax MSCI EAFE ESG Index ETF

 

$

2,519,125

 

$

75,472

 

$

104,627

 

$

(29,155

)

 

Other information regarding the Funds is available in the Funds’ most recent Report to Shareholders. This information is also available on the Funds’ website at www.esgshares.com as well as on the website of the Securities and Exchange Commission at www.sec.gov.

 


 

Item 2.            Controls and Procedures.

 

(a)           It is the conclusion of the Registrant’s principal executive officer and principal financial officer (or persons performing similar functions) based on an evaluation of the Registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) (the “Disclosure Controls”) as of a date within 90 days of the filing date of this report on Form N-Q, that such Disclosure Controls are reasonably designed to ensure that information required to be disclosed by the Registrant in this report on Form N-Q has been recorded, processed, summarized and reported within the time periods specified in the rules and forms of the Securities and Exchange Commission and that the information required to be disclosed by the Registrant in this report on Form N-Q has been accumulated and communicated to the Registrant’s management, including its principal executive officer and principal financial officer (or persons performing similar functions), as appropriate to allow timely decisions regarding required disclosure.

 

(b)           There were no changes in the Registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) that occurred during the Registrant’s last fiscal quarter that has materially affected, or is reasonably likely to materially affect, the Registrant’s internal control over financial reporting.

 

Item 3.            Exhibits.

 

Certifications of the principal executive officer and principal financial officer of the Registrant as required by Rule 30a-2(a) under the Investment Company Act of 1940, are attached hereto.

 


 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

Pax World Funds Trust II

 

By:

/s/ Joseph F. Keefe

 

 

Joseph F. Keefe, President (Principal Executive Officer)

 

 

 

 

Date:

/s/ May 26, 2011

 

 

 

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

 

Pax World Funds Trust II

 

By:

/s/ Joseph F. Keefe

 

 

Joseph F. Keefe, President (Principal Executive Officer)

 

 

 

 

Date:

/s/ May 26, 2011

 

 

 

 

 

 

 

By:

/s/ Alicia DuBois

 

 

Alicia DuBois, Treasurer (Principal Financial Officer)

 

 

 

 

Date:

/s/ May 26, 2011

 

 

 EX-99.CERT 2 a11-13215_3ex99dcert.htm EX-99.CERT

Exhibit 99.CERT

 

CERTIFICATIONS

 

I, Joseph F. Keefe, certify that:

 

1. I have reviewed this report on Form N-Q of Pax World Funds Trust II;

 

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

 

3. Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed;

 

4. The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

 

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

 

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

 

(c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report, based on such evaluation; and

 

(d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

 

5. The registrant’s other certifying officer(s) and I have disclosed to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

 

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize, and report financial information; and

 

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

 

 

Date:

May 26, 2011

 

/s/ Joseph F. Keefe

 

Joseph F. Keefe, President (Principal Executive Officer)

 


 

I, Alicia DuBois, certify that:

 

1. I have reviewed this report on Form N-Q of Pax World Funds Trust II;

 

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

 

3. Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed;

 

4. The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

 

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

 

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

 

(c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report, based on such evaluation; and

 

(d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

 

5. The registrant’s other certifying officer(s) and I have disclosed to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

 

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize, and report financial information; and

 

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

 

 

Date:

May 26, 2011

 

/s/ Alicia DuBois

 

Alicia DuBois, Treasurer (Principal Financial Officer)