# EDGAR Filing Document

**Accession Number:** 0001598735
**File Stem:** 0002071691-26-010461
**Filing Date:** 2026-5
**Character Count:** 43032
**Document Hash:** c9e3929ca673eb339b66c598e62e4a5f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002071691-26-010461.hdr.sgml**: 20260520

**ACCESSION NUMBER**: 0002071691-26-010461

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260520

**DATE AS OF CHANGE**: 20260520

**PERIOD START**: 20261231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** IMPAX FUNDS SERIES TRUST III
- **CENTRAL INDEX KEY:** 0001598735

**ORGANIZATION NAME:**
- **EIN:** 261109604
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22935
- **FILM NUMBER:** 261003684

**BUSINESS ADDRESS:**
- **STREET 1:** 30 PENHALLOW STREET, SUITE 400
- **CITY:** PORTSMOUTH
- **STATE:** NH
- **ZIP:** 03801
- **BUSINESS PHONE:** 603-431-8022

**MAIL ADDRESS:**
- **STREET 1:** 30 PENHALLOW STREET, SUITE 400
- **CITY:** PORTSMOUTH
- **STATE:** NH
- **ZIP:** 03801

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PAX WORLD FUNDS SERIES TRUST III
- **DATE OF NAME CHANGE:** 20140130

## Series and Classes Contracts Data

### Impax Global Women's Leadership Fund (Series ID: S000045528)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000141747 | Institutional Class | PXWIX           |
| C000141748 | Investor Class      | PXWEX           |

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** IMPAX FUNDS SERIES TRUST III

- **b. Investment Company Act file number:** 811-22935

- **c. CIK number of Registrant:** 0001598735

- **d. LEI of Registrant:** 549300J0TL6WZJ1A7C04

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 30 Penhallow St., Suite 100

  - **City:** Portsmouth

  - **State:** NH

  - **Foreign country:** US

  - **Zip / Postal Code:** 03801

  - **Telephone number:** 603-431-8022

**Item A.2. Information about the Series.**

- **a. Name of Series:** Impax Ellevate Global Women's Leadership Fund

- **b. EDGAR series identifier (if any):** S000045528

- **c. LEI of Series:** 549300J0TL6WZJ1A7C04

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2026-12-31

- **b. Date as of which information is reported:** 2026-03-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $593142531.85

**Total Liabilities:** $300923.66

**Net Assets:** $592841608.19

**Cash Not Reported:** $63257.24

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000141747 | 1.00%                | 0.48%                | -5.59%               |
| Class ID C000141748 | 0.98%                | 0.46%                | -5.62%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $2490891.28              | $3944024.48                                |
| Month 2  | $17357564.96             | $-14337473.66                              |
| Month 3  | $4805460.51              | $-41392338.60                              |

### Schedule of Portfolio Investments

| Name                                          | Title                                                   | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Thomson Reuters Corp.                         | Thomson Reuters Corp.                                   | CUSIP: 884903808<br>LEI: 549300561UZND4C7B569 | Long             | EC               | CORP              | CA        |     19818 | NS      | $1788762.91   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Oracle Corp.                                  | Oracle Corp.                                            | CUSIP: 68389X105<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | EC               | CORP              | US        |     28747 | NS      | $4228971.17   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Orange SA                                     | Orange SA                                               | CUSIP: N/A<br>LEI: 969500MCOONR8990S771       | Long             | EC               | CORP              | FR        |    292281 | NS      | $5992654.47   | 1.01%             |  |  |  | No            |                  2 | On Loan: No      |
| National Bank of Canada                       | National Bank of Canada                                 | CUSIP: 633067103<br>LEI: BSGEFEIOM18Y80CKCV46 | Long             | EC               | CORP              | CA        |     45216 | NS      | $5851004.36   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Lam Research Corp.                            | Lam Research Corp.                                      | CUSIP: 512807306<br>LEI: 549300I4GMO6D34U1T02 | Long             | EC               | CORP              | US        |     27095 | NS      | $5789117.70   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet, Inc.                                | Alphabet, Inc., Class A                                 | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     35678 | NS      | $10259565.68  | 1.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Norwegian Krone                               | Norwegian Krone                                         | CUSIP: N/A<br>LEI: N/A                        | Short            | STIV             |  | NO        |        -0 | OU      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| PayPal Holdings, Inc.                         | PayPal Holdings, Inc.                                   | CUSIP: 70450Y103<br>LEI: 5493005X2GO78EFZ3E94 | Long             | EC               | CORP              | US        |     38283 | NS      | $1731540.09   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Rio Tinto Ltd.                                | Rio Tinto Ltd.                                          | CUSIP: N/A<br>LEI: 529900X2VMAQT2PE0V24       | Long             | EC               | CORP              | AU        |     20578 | NS      | $2337940.59   | 0.39%             |  |  |  | No            |                  2 | On Loan: No      |
| NVIDIA Corp.                                  | NVIDIA Corp.                                            | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |    199848 | NS      | $34853491.20  | 5.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com, Inc.                              | Amazon.com, Inc.                                        | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |     69066 | NS      | $14384375.82  | 2.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Bristol-Myers Squibb Co.                      | Bristol-Myers Squibb Co.                                | CUSIP: 110122108<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | EC               | CORP              | US        |    103727 | NS      | $6291042.55   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Eli Lilly & Co.                               | Eli Lilly & Co.                                         | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |     10331 | NS      | $9502143.87   | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Stryker Corp.                                 | Stryker Corp.                                           | CUSIP: 863667101<br>LEI: 5493002F0SC4JTBU5137 | Long             | EC               | CORP              | US        |      5352 | NS      | $1758613.68   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Deckers Outdoor Corp.                         | Deckers Outdoor Corp.                                   | CUSIP: 243537107<br>LEI: 5493008LG4W3I6K8J118 | Long             | EC               | CORP              | US        |     18100 | NS      | $1811629.00   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet, Inc.                                | Alphabet, Inc., Class C                                 | CUSIP: 02079K107<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     28269 | NS      | $8109245.34   | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Cummins, Inc.                                 | Cummins, Inc.                                           | CUSIP: 231021106<br>LEI: ZUNI8PYC725B6H8JU438 | Long             | EC               | CORP              | US        |     10979 | NS      | $5906921.58   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Intel Corp.                                   | Intel Corp.                                             | CUSIP: 458140100<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | EC               | CORP              | US        |    114055 | NS      | $5033247.15   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuit, Inc.                                  | Intuit, Inc.                                            | CUSIP: 461202103<br>LEI: VI90HBPH7XSFMB9E4M29 | Long             | EC               | CORP              | US        |      9496 | NS      | $4105880.48   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Marriott International, Inc.                  | Marriott International, Inc., Class A                   | CUSIP: 571903202<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | EC               | CORP              | US        |     18758 | NS      | $6135179.06   | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Biogen, Inc.                                  | Biogen, Inc.                                            | CUSIP: 09062X103<br>LEI: W8J5WZB5IY3K0NDQT671 | Long             | EC               | CORP              | US        |     28728 | NS      | $5266704.24   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Sanofi SA                                     | Sanofi SA                                               | CUSIP: N/A<br>LEI: 549300E9PC51EN656011       | Long             | EC               | CORP              | FR        |     19456 | NS      | $1878862.59   | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| Fortescue Ltd.                                | Fortescue Ltd.                                          | CUSIP: N/A<br>LEI: 529900VEJFORCO6I4826       | Long             | EC               | CORP              | AU        |    417808 | NS      | $5970309.67   | 1.01%             |  |  |  | No            |                  2 | On Loan: No      |
| GSK plc                                       | GSK plc                                                 | CUSIP: N/A<br>LEI: 5493000HZTVUYLO1D793       | Long             | EC               | CORP              | GB        |    240878 | NS      | $6635099.72   | 1.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Apple, Inc.                                   | Apple, Inc.                                             | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |    109665 | NS      | $27831880.35  | 4.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Koninklijke Philips NV                        | Koninklijke Philips NV                                  | CUSIP: N/A<br>LEI: H1FJE8H61JGM1JSGM897       | Long             | EC               | CORP              | NL        |     72049 | NS      | $1970701.21   | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Vodafone Group plc                            | Vodafone Group plc                                      | CUSIP: N/A<br>LEI: 213800TB53ELEUKM7Q61       | Long             | EC               | CORP              | GB        |   3903220 | NS      | $5887429.10   | 0.99%             |  |  |  | No            |                  2 | On Loan: No      |
| Metso OYJ                                     | Metso OYJ                                               | CUSIP: N/A<br>LEI: 549300R0VN9C371W0E07       | Long             | EC               | CORP              | FI        |    336759 | NS      | $5836133.92   | 0.98%             |  |  |  | No            |                  2 | On Loan: No      |
| Veralto Corp.                                 | Veralto Corp.                                           | CUSIP: 92338C103<br>LEI: 635400FJE6GSOJUSNY27 | Long             | EC               | CORP              | US        |     57276 | NS      | $5064343.92   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| American Express Co.                          | American Express Co.                                    | CUSIP: 025816109<br>LEI: R4PP93JZOLY261QX3811 | Long             | EC               | CORP              | US        |     15045 | NS      | $4550811.60   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Edison International                          | Edison International                                    | CUSIP: 281020107<br>LEI: 549300I7ROF15MAEVP56 | Long             | EC               | CORP              | US        |     79958 | NS      | $5851326.44   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson & Johnson                             | Johnson & Johnson                                       | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |     44946 | NS      | $10986600.24  | 1.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Merck & Co., Inc.                             | Merck & Co., Inc.                                       | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |     32068 | NS      | $3857459.72   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Cie de Saint-Gobain SA                        | Cie de Saint-Gobain SA                                  | CUSIP: N/A<br>LEI: NFONVGN05Z0FMN5PEC35       | Long             | EC               | CORP              | FR        |     67736 | NS      | $5608164.01   | 0.95%             |  |  |  | No            |                  2 | On Loan: No      |
| Kering SA                                     | Kering SA                                               | CUSIP: N/A<br>LEI: 549300VGEJKB7SVUZR78       | Long             | EC               | CORP              | FR        |     19921 | NS      | $6049281.83   | 1.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Lululemon Athletica, Inc.                     | Lululemon Athletica, Inc.                               | CUSIP: 550021109<br>LEI: 549300D9GZ4BMLDW5T40 | Long             | EC               | CORP              | US        |     24977 | NS      | $3823978.70   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Prudential Financial, Inc.                    | Prudential Financial, Inc.                              | CUSIP: 744320102<br>LEI: 5PRBRS5FEH7NREC8OR45 | Long             | EC               | CORP              | US        |     54459 | NS      | $5320099.71   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Hewlett Packard Enterprise Co.                | Hewlett Packard Enterprise Co.                          | CUSIP: 42824C109<br>LEI: 549300BX44RGX6ANDV88 | Long             | EC               | CORP              | US        |    227904 | NS      | $5426394.24   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Publicis Groupe SA                            | Publicis Groupe SA                                      | CUSIP: N/A<br>LEI: 2138004KW8BV57III342       | Long             | EC               | CORP              | FR        |     50684 | NS      | $4195089.97   | 0.71%             |  |  |  | No            |                  2 | On Loan: No      |
| Progressive Corp. (The)                       | Progressive Corp. (The)                                 | CUSIP: 743315103<br>LEI: 529900TACNVLY9DCR586 | Long             | EC               | CORP              | US        |      8133 | NS      | $1612285.92   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Koninklijke KPN NV                            | Koninklijke KPN NV                                      | CUSIP: N/A<br>LEI: 549300YO0JZHAL7FVP81       | Long             | EC               | CORP              | NL        |    413856 | NS      | $2306679.05   | 0.39%             |  |  |  | No            |                  2 | On Loan: No      |
| AXA SA                                        | AXA SA                                                  | CUSIP: N/A<br>LEI: F5WCUMTUM4RKZ1MAIE39       | Long             | EC               | CORP              | FR        |     53236 | NS      | $2446277.37   | 0.41%             |  |  |  | No            |                  2 | On Loan: No      |
| Newmont Corp.                                 | Newmont Corp.                                           | CUSIP: 651639106<br>LEI: 549300VSP3RIX7FGDZ51 | Long             | EC               | CORP              | US        |     66299 | NS      | $7176866.75   | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Schneider Electric SE                         | Schneider Electric SE                                   | CUSIP: N/A<br>LEI: 969500A1YF1XUYYXS284       | Long             | EC               | CORP              | FR        |     24196 | NS      | $6590545.29   | 1.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Telstra Group Ltd.                            | Telstra Group Ltd.                                      | CUSIP: N/A<br>LEI: 894500WRW54CVN62K416       | Long             | EC               | CORP              | AU        |    596188 | NS      | $2200893.15   | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| American Water Works Co., Inc.                | American Water Works Co., Inc.                          | CUSIP: 030420103<br>LEI: 549300DXHIJQMD5WFW18 | Long             | EC               | CORP              | US        |     37714 | NS      | $5132498.26   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| PNC Financial Services Group, Inc. (The)      | PNC Financial Services Group, Inc. (The)                | CUSIP: 693475105<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | EC               | CORP              | US        |      9109 | NS      | $1895491.81   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Hermes International SCA                      | Hermes International SCA                                | CUSIP: N/A<br>LEI: 969500Y4IJGHJE2MTJ13       | Long             | EC               | CORP              | FR        |      2557 | NS      | $4843857.12   | 0.82%             |  |  |  | No            |                  2 | On Loan: No      |
| Amundi SA                                     | Amundi SA                                               | CUSIP: N/A<br>LEI: 96950010FL2T1TJKR531       | Long             | EC               | CORP              | FR        |     23284 | NS      | $2000975.88   | 0.34%             |  |  |  | Yes           |                  2 | On Loan: No      |
| WW Grainger, Inc.                             | WW Grainger, Inc.                                       | CUSIP: 384802104<br>LEI: 549300TWZSP6O1IH2V34 | Long             | EC               | CORP              | US        |      5392 | NS      | $5881647.52   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Westpac Banking Corp.                         | Westpac Banking Corp.                                   | CUSIP: N/A<br>LEI: EN5TNI6CI43VEPAMHL14       | Long             | EC               | CORP              | AU        |    226502 | NS      | $6259443.84   | 1.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Danish Krone                                  | Danish Krone                                            | CUSIP: N/A<br>LEI: N/A                        | Short            | STIV             |  | DK        |        -0 | OU      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Aristocrat Leisure Ltd.                       | Aristocrat Leisure Ltd.                                 | CUSIP: N/A<br>LEI: 529900TE2HO3OZKYKC27       | Long             | EC               | CORP              | AU        |    130772 | NS      | $4156622.51   | 0.70%             |  |  |  | No            |                  2 | On Loan: No      |
| Wolters Kluwer NV                             | Wolters Kluwer NV                                       | CUSIP: N/A<br>LEI: 724500TEM53I0U077B74       | Long             | EC               | CORP              | NL        |     33823 | NS      | $2526180.88   | 0.43%             |  |  |  | No            |                  2 | On Loan: No      |
| Autodesk, Inc.                                | Autodesk, Inc.                                          | CUSIP: 052769106<br>LEI: FRKKVKAIQEF3FCSTPG55 | Long             | EC               | CORP              | US        |     24611 | NS      | $5891873.40   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Iberdrola SA                                  | Iberdrola SA                                            | CUSIP: N/A<br>LEI: 5QK37QC7NWOJ8D7WVQ45       | Long             | EC               | CORP              | ES        |     89832 | NS      | $2056628.78   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan U.S. Treasury Plus Money Market Fund | JPMorgan U.S. Treasury Plus Money Market Fund, Class IM | CUSIP: 4812C2262<br>LEI: 549300WIC5LVF25Z1127 | Long             | STIV             | RF                | US        |   4669368 | NS      | $4669367.80   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Citigroup, Inc.                               | Citigroup, Inc.                                         | CUSIP: 172967424<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EC               | CORP              | US        |     60823 | NS      | $6897936.43   | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Williams-Sonoma, Inc.                         | Williams-Sonoma, Inc.                                   | CUSIP: 969904101<br>LEI: 549300IARG6YWVTZ1I92 | Long             | EC               | CORP              | US        |     29582 | NS      | $5393686.06   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Otis Worldwide Corp.                          | Otis Worldwide Corp.                                    | CUSIP: 68902V107<br>LEI: 549300ZLBKR8VSU25153 | Long             | EC               | CORP              | US        |     59984 | NS      | $4623566.72   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadcom, Inc.                                | Broadcom, Inc.                                          | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |     48325 | NS      | $14957070.75  | 2.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Canadian Dollar                               | Canadian Dollar                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | CA        |     69278 | OU      | $49800.93     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Stantec, Inc.                                 | Stantec, Inc.                                           | CUSIP: 85472N109<br>LEI: 549300MZ7NGUZDCP2T16 | Long             | EC               | CORP              | CA        |     42433 | NS      | $3668314.70   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Societe Generale SA                           | Societe Generale SA                                     | CUSIP: N/A<br>LEI: O2RNE8IBXP4R0TD8PU41       | Long             | EC               | CORP              | FR        |     57440 | NS      | $4194091.13   | 0.71%             |  |  |  | No            |                  2 | On Loan: No      |
| Pound Sterling                                | Pound Sterling                                          | CUSIP: N/A<br>LEI: N/A                        | Short            | STIV             |  | GB        |        -0 | OU      | $-0.01        | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Willis Towers Watson plc                      | Willis Towers Watson plc                                | CUSIP: N/A<br>LEI: 549300WHC56FF48KL350       | Long             | EC               | CORP              | IE        |     15903 | NS      | $4623002.10   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Qantas Airways Ltd.                           | Qantas Airways Ltd.                                     | CUSIP: N/A<br>LEI: YLXNW6TI6QSK1H8H0N82       | Long             | EC               | CORP              | AU        |    743619 | NS      | $4368205.11   | 0.74%             |  |  |  | No            |                  2 | On Loan: No      |
| Ulta Beauty, Inc.                             | Ulta Beauty, Inc.                                       | CUSIP: 90384S303<br>LEI: 529900CIV6HN8M28YM82 | Long             | EC               | CORP              | US        |     10247 | NS      | $5356209.37   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Cardinal Health, Inc.                         | Cardinal Health, Inc.                                   | CUSIP: 14149Y108<br>LEI: CCU46N3GJMF4OK4N7U60 | Long             | EC               | CORP              | US        |     28628 | NS      | $6049382.68   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Diageo plc                                    | Diageo plc                                              | CUSIP: N/A<br>LEI: 213800ZVIELEA55JMJ32       | Long             | EC               | CORP              | GB        |    126063 | NS      | $2344420.58   | 0.40%             |  |  |  | No            |                  2 | On Loan: No      |
| Cisco Systems, Inc.                           | Cisco Systems, Inc.                                     | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               | CORP              | US        |     95812 | NS      | $7434053.08   | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Starbucks Corp.                               | Starbucks Corp.                                         | CUSIP: 855244109<br>LEI: OQSJ1DU9TAOC51A47K68 | Long             | EC               | CORP              | US        |     68429 | NS      | $6130554.11   | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co.                          | JPMorgan Chase & Co.                                    | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |     37911 | NS      | $11151899.76  | 1.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Royal Bank of Canada                          | Royal Bank of Canada                                    | CUSIP: 780087102<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | EC               | CORP              | CA        |     32382 | NS      | $5234752.47   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Vertex Pharmaceuticals, Inc.                  | Vertex Pharmaceuticals, Inc.                            | CUSIP: 92532F100<br>LEI: 54930015RAQRRZ5ZGJ91 | Long             | EC               | CORP              | US        |      4134 | NS      | $1845996.36   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| National Grid plc                             | National Grid plc                                       | CUSIP: N/A<br>LEI: 8R95QZMKZLJX5Q2XR704       | Long             | EC               | CORP              | GB        |    203460 | NS      | $3434423.89   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Allianz SE                                    | Allianz SE                                              | CUSIP: N/A<br>LEI: 529900K9B0N5BT694847       | Long             | EC               | CORP              | DE        |      6292 | NS      | $2657228.76   | 0.45%             |  |  |  | No            |                  2 | On Loan: No      |
| Seagate Technology Holdings plc               | Seagate Technology Holdings plc                         | CUSIP: N/A<br>LEI: 635400RUXIFEZSRU8X70       | Long             | EC               | CORP              | IE        |     13958 | NS      | $5468186.08   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Target Corp.                                  | Target Corp.                                            | CUSIP: 87612E106<br>LEI: 8WDDFXB5T1Z6J0XC1L66 | Long             | EC               | CORP              | US        |     51029 | NS      | $6184714.80   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Twilio, Inc.                                  | Twilio, Inc., Class A                                   | CUSIP: 90138F102<br>LEI: 5493004W8TRGD63APX93 | Long             | EC               | CORP              | US        |     45156 | NS      | $5681527.92   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Australian Dollar                             | Australian Dollar                                       | CUSIP: N/A<br>LEI: N/A                        | Short            | STIV             |  | AU        |        -0 | OU      | $-0.03        | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Sun Life Financial, Inc.                      | Sun Life Financial, Inc.                                | CUSIP: 866796105<br>LEI: 549300V040JZX5S66Z78 | Long             | EC               | CORP              | CA        |     88591 | NS      | $5550072.35   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Coca-Cola Co. (The)                           | Coca-Cola Co. (The)                                     | CUSIP: 191216100<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | EC               | CORP              | US        |     98972 | NS      | $7526820.60   | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| ServiceNow, Inc.                              | ServiceNow, Inc.                                        | CUSIP: 81762P102<br>LEI: 549300HJTQM36M0E1G39 | Long             | EC               | CORP              | US        |     16477 | NS      | $1722670.35   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Procter & Gamble Co. (The)                    | Procter & Gamble Co. (The)                              | CUSIP: 742718109<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | EC               | CORP              | US        |     49789 | NS      | $7191523.16   | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| UniCredit SpA                                 | UniCredit SpA                                           | CUSIP: N/A<br>LEI: 549300TRUWO2CD2G5692       | Long             | EC               | CORP              | IT        |     68068 | NS      | $4883457.44   | 0.82%             |  |  |  | No            |                  2 | On Loan: No      |
| Standard Chartered plc                        | Standard Chartered plc                                  | CUSIP: N/A<br>LEI: U4LOSYZ7YG4W3S5F2G91       | Long             | EC               | CORP              | GB        |    263634 | NS      | $5494093.44   | 0.93%             |  |  |  | No            |                  2 | On Loan: No      |
| Walt Disney Co. (The)                         | Walt Disney Co. (The)                                   | CUSIP: 254687106<br>LEI: 549300GZKULIZ0WOW665 | Long             | EC               | CORP              | US        |     61467 | NS      | $5924189.46   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| AstraZeneca plc                               | AstraZeneca plc                                         | CUSIP: N/A<br>LEI: PY6ZZQWO2IZFZC3IOL08       | Long             | EC               | CORP              | GB        |      9482 | NS      | $1854110.25   | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Microsoft Corp.                               | Microsoft Corp.                                         | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |     58801 | NS      | $21766366.17  | 3.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of New York Mellon Corp. (The)           | Bank of New York Mellon Corp. (The)                     | CUSIP: 064058100<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | EC               | CORP              | US        |     49507 | NS      | $5873015.41   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Yara International ASA                        | Yara International ASA                                  | CUSIP: N/A<br>LEI: 213800WKOUWXWFJ5Z514       | Long             | EC               | CORP              | NO        |     55297 | NS      | $3232354.32   | 0.55%             |  |  |  | No            |                  2 | On Loan: No      |
| Woolworths Group Ltd.                         | Woolworths Group Ltd.                                   | CUSIP: N/A<br>LEI: QNWEWQBS7HP85QHXQL92       | Long             | EC               | CORP              | AU        |    227717 | NS      | $5750364.72   | 0.97%             |  |  |  | No            |                  2 | On Loan: No      |
| BT Group plc                                  | BT Group plc                                            | CUSIP: N/A<br>LEI: 213800LRO7NS5CYQMN21       | Long             | EC               | CORP              | GB        |   2050203 | NS      | $5745832.11   | 0.97%             |  |  |  | No            |                  2 | On Loan: No      |
| Coles Group Ltd.                              | Coles Group Ltd.                                        | CUSIP: N/A<br>LEI: 549300OHQRG2HN8LZ793       | Long             | EC               | CORP              | AU        |    115268 | NS      | $1748012.18   | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Elevance Health, Inc.                         | Elevance Health, Inc.                                   | CUSIP: 036752103<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | EC               | CORP              | US        |     13920 | NS      | $4075080.00   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuitive Surgical, Inc.                      | Intuitive Surgical, Inc.                                | CUSIP: 46120E602<br>LEI: 54930052SRG011710797 | Long             | EC               | CORP              | US        |      3720 | NS      | $1714882.80   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Corp.                            | State Street Corp.                                      | CUSIP: 857477103<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | EC               | CORP              | US        |     45688 | NS      | $5782273.28   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Gilead Sciences, Inc.                         | Gilead Sciences, Inc.                                   | CUSIP: 375558103<br>LEI: 549300WTZWR07K8MNV44 | Long             | EC               | CORP              | US        |     49658 | NS      | $6920835.46   | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Deutsche Telekom AG                           | Deutsche Telekom AG                                     | CUSIP: N/A<br>LEI: 549300V9QSIG4WX4GJ96       | Long             | EC               | CORP              | DE        |    140874 | NS      | $5257877.92   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Synopsys, Inc.                                | Synopsys, Inc.                                          | CUSIP: 871607107<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | EC               | CORP              | US        |     14095 | NS      | $5588385.60   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| EURO                                          | EURO                                                    | CUSIP: N/A<br>LEI: N/A                        | Short            | STIV             |  | XX        |        -1 | OU      | $-0.74        | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Accenture plc                                 | Accenture plc, Class A                                  | CUSIP: N/A<br>LEI: 5493000EWHDSR3MZWH98       | Long             | EC               | CORP              | IE        |     21690 | NS      | $4300910.10   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| L'Oreal SA                                    | L'Oreal SA                                              | CUSIP: N/A<br>LEI: 529900JI1GG6F7RKVI53       | Long             | EC               | CORP              | FR        |      5289 | NS      | $2159448.40   | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| NatWest Group plc                             | NatWest Group plc                                       | CUSIP: N/A<br>LEI: 2138005O9XJIJN4JPN90       | Long             | EC               | CORP              | GB        |    268711 | NS      | $1990596.96   | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| Fidelity National Information Services, Inc.  | Fidelity National Information Services, Inc.            | CUSIP: 31620M106<br>LEI: 6WQI0GK1PRFVBA061U48 | Long             | EC               | CORP              | US        |     35504 | NS      | $1665492.64   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Canadian Imperial Bank of Commerce            | Canadian Imperial Bank of Commerce                      | CUSIP: 136069101<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | EC               | CORP              | CA        |     41836 | NS      | $3964961.71   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| DNB Bank ASA                                  | DNB Bank ASA                                            | CUSIP: N/A<br>LEI: 549300GKFG0RYRRQ1414       | Long             | EC               | CORP              | NO        |    193182 | NS      | $6044405.43   | 1.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Aviva plc                                     | Aviva plc                                               | CUSIP: N/A<br>LEI: YF0Y5B0IB8SM0ZFG9G81       | Long             | EC               | CORP              | GB        |    308742 | NS      | $2477774.66   | 0.42%             |  |  |  | No            |                  2 | On Loan: No      |
| Zoetis, Inc.                                  | Zoetis, Inc., Class A                                   | CUSIP: 98978V103<br>LEI: 549300HD9Q1LOC9KLJ48 | Long             | EC               | CORP              | US        |     38347 | NS      | $4532998.87   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| eBay, Inc.                                    | eBay, Inc.                                              | CUSIP: 278642103<br>LEI: OML71K8X303XQONU6T67 | Long             | EC               | CORP              | US        |     41004 | NS      | $3732184.08   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Best Buy Co., Inc.                            | Best Buy Co., Inc.                                      | CUSIP: 086516101<br>LEI: HL5XPTVRV0O8TUN5LL90 | Long             | EC               | CORP              | US        |     57009 | NS      | $3659977.80   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-04-30

**Name of Applicant:** IMPAX FUNDS SERIES TRUST III

**Signature:** Daniel Saltus

**Name of Signer:** Daniel Saltus

**Title:** Treasurer