# EDGAR Filing Document

**Accession Number:** 0000076721
**File Stem:** 0001752724-25-205428
**Filing Date:** 2025-8
**Character Count:** 18634
**Document Hash:** bc4c44e5b2b292e621a82b97d64cbfa0
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-205428.hdr.sgml**: 20250826

**ACCESSION NUMBER**: 0001752724-25-205428

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250826

**DATE AS OF CHANGE**: 20250826

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** IMPAX FUNDS SERIES TRUST I
- **CENTRAL INDEX KEY:** 0000076721

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-02064
- **FILM NUMBER:** 251256439

**BUSINESS ADDRESS:**
- **STREET 1:** 30 PENHALLOW STREET, SUITE 400
- **CITY:** PORTSMOUTH
- **STATE:** NH
- **ZIP:** 03801-3852
- **BUSINESS PHONE:** 800-767-1729

**MAIL ADDRESS:**
- **STREET 1:** 30 PENHALLOW STREET, SUITE 400
- **CITY:** PORTSMOUTH
- **STATE:** NH
- **ZIP:** 03801-3852

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PAX WORLD FUNDS SERIES TRUST I
- **DATE OF NAME CHANGE:** 20070831

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PAX WORLD BALANCED FUND
- **DATE OF NAME CHANGE:** 20061113

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PAX WORLD BALANCED FUND INC
- **DATE OF NAME CHANGE:** 20040624

## Series and Classes Contracts Data

### Impax Large Cap Fund (Series ID: S000055844)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000175860 | Institutional Class | PXLIX           |
| C000175861 | Investor Class      | PAXLX           |

## 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 I

- **b. Investment Company Act file number:** 811-02064

- **c. CIK number of Registrant:** 0000076721

- **d. LEI of Registrant:** 549300TD5R23SWU72456

- **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 Large Cap Fund

- **b. EDGAR series identifier (if any):** S000055844

- **c. LEI of Series:** 549300NZ5W3SP8MQMW39

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

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-06-30

**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:** $1058576385.41

**Total Liabilities:** $780400.94

**Net Assets:** $1057795984.47

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000175860 | -0.17%               | 6.96%                | 5.73%                |
| Class ID C000175861 | -0.17%               | 6.91%                | 5.76%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $43469962.10             | $-50668026.48                              |
| Month 2  | $4322101.97              | $61264975.15                               |
| Month 3  | $20169964.87             | $37482586.23                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Oracle Corp.                     | Oracle Corp.                                            | CUSIP: 68389X105<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | EC               | CORP              | US        |    169207 | NS      | $36993726.41  | 3.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet, Inc.                   | Alphabet, Inc., Class A                                 | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |    320452 | NS      | $56473255.96  | 5.34%             |  |  |  | No            |                  1 | On Loan: No      |
| CME Group, Inc.                  | CME Group, Inc.                                         | CUSIP: 12572Q105<br>LEI: LCZ7XYGSLJUHFXXNXD88 | Long             | EC               | CORP              | US        |     60404 | NS      | $16648550.48  | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA Corp.                     | NVIDIA Corp.                                            | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |    656952 | NS      | $103791846.48 | 9.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com, Inc.                 | Amazon.com, Inc.                                        | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |    195684 | NS      | $42931112.76  | 4.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Xylem, Inc.                      | Xylem, Inc.                                             | CUSIP: 98419M100<br>LEI: 549300DF5MV96DRYLQ48 | Long             | EC               | CORP              | US        |    176123 | NS      | $22783271.28  | 2.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Eli Lilly & Co.                  | Eli Lilly & Co.                                         | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |     28584 | NS      | $22282085.52  | 2.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Danaher Corp.                    | Danaher Corp.                                           | CUSIP: 235851102<br>LEI: S4BKK9OTCEWQ3YHPFM11 | Long             | EC               | CORP              | US        |    122407 | NS      | $24180278.78  | 2.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Boston Scientific Corp.          | Boston Scientific Corp.                                 | CUSIP: 101137107<br>LEI: Y6ZDD9FP4P8JSSJMW954 | Long             | EC               | CORP              | US        |    192241 | NS      | $20648605.81  | 1.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple, Inc.                      | Apple, Inc.                                             | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |    133464 | NS      | $27382808.88  | 2.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Uber Technologies, Inc.          | Uber Technologies, Inc.                                 | CUSIP: 90353T100<br>LEI: 549300B2FTG34FILDR98 | Long             | EC               | CORP              | US        |    227290 | NS      | $21206157.00  | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Mastercard, Inc.                 | Mastercard, Inc., Class A                               | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |     35136 | NS      | $19744323.84  | 1.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Marvell Technology, Inc.         | Marvell Technology, Inc.                                | CUSIP: 573874104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    297946 | NS      | $23061020.40  | 2.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Progressive Corp. (The)          | Progressive Corp. (The)                                 | CUSIP: 743315103<br>LEI: 529900TACNVLY9DCR586 | Long             | EC               | CORP              | US        |     70560 | NS      | $18829641.60  | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| McCormick & Co., Inc.            | McCormick & Co., Inc.                                   | CUSIP: 579780206<br>LEI: 549300JQQA6MQ4OJP259 | Long             | EC               | CORP              | US        |    226331 | NS      | $17160416.42  | 1.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Trane Technologies plc           | Trane Technologies plc                                  | CUSIP: N/A<br>LEI: 549300BURLR9SLYY2705       | Long             | EC               | CORP              | IE        |     48185 | NS      | $21076600.85  | 1.99%             |  |  |  | No            |                  1 | On Loan: No      |
| American Water Works Co., Inc.   | American Water Works Co., Inc.                          | CUSIP: 030420103<br>LEI: 549300DXHIJQMD5WFW18 | Long             | EC               | CORP              | US        |    106425 | NS      | $14804781.75  | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Ventas, Inc.                     | Ventas, Inc.                                            | CUSIP: 92276F100<br>LEI: ORQTRC074CWLT3DKHT41 | Long             | EC               | CORP              | US        |    179201 | NS      | $11316543.15  | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Ulta Beauty, Inc.                | Ulta Beauty, Inc.                                       | CUSIP: 90384S303<br>LEI: 529900CIV6HN8M28YM82 | Long             | EC               | CORP              | US        |     30224 | NS      | $14139391.68  | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Prime Money Market Fund | JPMorgan Prime Money Market Fund                        | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | RF                | US        |  29538382 | NS      | $29538381.68  | 2.79%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co.             | JPMorgan Chase & Co.                                    | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |    129577 | NS      | $37565668.07  | 3.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Colgate-Palmolive Co.            | Colgate-Palmolive Co.                                   | CUSIP: 194162103<br>LEI: YMEGZFW4SBUSS5BQXF88 | Long             | EC               | CORP              | US        |    217399 | NS      | $19761569.10  | 1.87%             |  |  |  | No            |                  1 | On Loan: No      |
| RenaissanceRe Holdings Ltd.      | RenaissanceRe Holdings Ltd.                             | CUSIP: N/A<br>LEI: EK6GB9U3U58PDI411C94       | Long             | EC               | CORP              | BM        |     65915 | NS      | $16010753.50  | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| ServiceNow, Inc.                 | ServiceNow, Inc.                                        | CUSIP: 81762P102<br>LEI: 549300HJTQM36M0E1G39 | Long             | EC               | CORP              | US        |     21817 | NS      | $22429621.36  | 2.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Agilent Technologies, Inc.       | Agilent Technologies, Inc.                              | CUSIP: 00846U101<br>LEI: QUIX8Y7A2WP0XRMW7G29 | Long             | EC               | CORP              | US        |    181092 | NS      | $21370666.92  | 2.02%             |  |  |  | No            |                  1 | On Loan: No      |
| INVESCO GOVT AND AGCY LEX        | INVESCO GOVERNMENT & AGENCY PORTFOLIO OPEN-END FUND USD | CUSIP: 825252885<br>LEI: O37NHJVF7S22I1ONOU83 | Long             | STIV             | RF                | US        |       819 | PA      | $819.00       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Hubbell, Inc.                    | Hubbell, Inc., Class B                                  | CUSIP: 443510607<br>LEI: 54930088VDQ6840Y6597 | Long             | EC               | CORP              | US        |     65473 | NS      | $26739827.93  | 2.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Walt Disney Co. (The)            | Walt Disney Co. (The)                                   | CUSIP: 254687106<br>LEI: 549300GZKULIZ0WOW665 | Long             | EC               | CORP              | US        |    109939 | NS      | $13633535.39  | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp.                  | Microsoft Corp.                                         | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |    196298 | NS      | $97640588.18  | 9.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Prologis, Inc.                   | Prologis, Inc.                                          | CUSIP: 74340W103<br>LEI: 529900DFH19P073LZ636 | Long             | EC               | CORP              | US        |    147098 | NS      | $15462941.76  | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Avantor, Inc.                    | Avantor, Inc.                                           | CUSIP: 05352A100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    928717 | NS      | $12500530.82  | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Union Pacific Corp.              | Union Pacific Corp.                                     | CUSIP: 907818108<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | EC               | CORP              | US        |     40760 | NS      | $9378060.80   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| United Rentals, Inc.             | United Rentals, Inc.                                    | CUSIP: 911363109<br>LEI: 5323X5O7RN0NKFCDRY08 | Long             | EC               | CORP              | US        |     15218 | NS      | $11465241.20  | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Gilead Sciences, Inc.            | Gilead Sciences, Inc.                                   | CUSIP: 375558103<br>LEI: 549300WTZWR07K8MNV44 | Long             | EC               | CORP              | US        |    140216 | NS      | $15545747.92  | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Synopsys, Inc.                   | Synopsys, Inc.                                          | CUSIP: 871607107<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | EC               | CORP              | US        |     32868 | NS      | $16850766.24  | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Voya Financial, Inc.             | Voya Financial, Inc.                                    | CUSIP: 929089100<br>LEI: 549300T065Z4KJ686G75 | Long             | EC               | CORP              | US        |    151889 | NS      | $10784119.00  | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Visa, Inc.                       | Visa, Inc., Class A                                     | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |     54952 | NS      | $19510707.60  | 1.84%             |  |  |  | No            |                  1 | On Loan: —       |
| Aptiv plc                        | Aptiv plc                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JE        |    263386 | NS      | $17968192.92  | 1.70%             |  |  |  | No            |                  1 | On Loan: No      |
| American Tower Corp.             | American Tower Corp.                                    | CUSIP: 03027X100<br>LEI: 5493006ORUSIL88JOE18 | Long             | EC               | CORP              | US        |     73573 | NS      | $16261104.46  | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Citizens Financial Group, Inc.   | Citizens Financial Group, Inc.                          | CUSIP: 174610105<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | EC               | CORP              | US        |    360466 | NS      | $16130853.50  | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Palo Alto Networks, Inc.         | Palo Alto Networks, Inc.                                | CUSIP: 697435105<br>LEI: 549300QXR2YVZV231H43 | Long             | EC               | CORP              | US        |    114880 | NS      | $23509043.20  | 2.22%             |  |  |  | No            |                  1 | On Loan: —       |
| eBay, Inc.                       | eBay, Inc.                                              | CUSIP: 278642103<br>LEI: OML71K8X303XQONU6T67 | Long             | EC               | CORP              | US        |    448633 | NS      | $33405213.18  | 3.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Linde plc                        | Linde plc                                               | CUSIP: N/A<br>LEI: 5299003QR1WT0EF88V51       | Long             | EC               | CORP              | IE        |     41360 | NS      | $19405284.80  | 1.83%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-07-30

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

**Signature:** Daniel Saltus

**Name of Signer:** Daniel Saltus

**Title:** Treasurer