# EDGAR Filing Document

**Accession Number:** 0000076721
**File Stem:** 0001398344-23-005220
**Filing Date:** 2023-2
**Character Count:** 19819
**Document Hash:** d022c3eb998b2232cb632016b0f85c97
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001398344-23-005220.hdr.sgml**: 20230228

**ACCESSION NUMBER**: 0001398344-23-005220

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230228

**DATE AS OF CHANGE**: 20230228

**PERIOD START**: 20221231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** IMPAX FUNDS SERIES TRUST I
- **CENTRAL INDEX KEY:** 0000076721
- **IRS NUMBER:** 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:** 23687244

**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 Small Cap Fund (Series ID: S000021459)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000061360 | Investor Class      | PXSCX           |
| C000061361 | Institutional Class | PXSIX           |
| C000128850 | Class A             | PXSAX           |

## 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.

  - **City:** Portsmouth

  - **State:** NH

  - **Foreign country:** US

  - **Zip / Postal Code:** 03801

  - **Telephone number:** 800-767-1729

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

- **a. Name of Series:** Impax Small Cap Fund

- **b. EDGAR series identifier (if any):** S000021459

- **c. LEI of Series:** 549300GOOKRMB3XGNR17

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

- **a. Date of fiscal year-end:** 2022-12-31

- **b. Date as of which information is reported:** 2022-12-31

**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:** $593924153.45

**Total Liabilities:** $657455.32

**Net Assets:** $593266698.13

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000061360 | -4.68%               | 1.75%                | 9.83%                |
| Class ID C000061361 | -4.60%               | 1.79%                | 9.83%                |
| Class ID C000128850 | -4.70%               | 1.76%                | 9.87%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-1315080.88             | $-28809790.94                              |
| Month 2  | $-9831855.66             | $20862454.94                               |
| Month 3  | $-12041266.29            | $69001538.06                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| A10 NETWORKS INC             | COMMON STOCK USD.00001  | CUSIP: 002121101<br>LEI: N/A | Long             | EC               | CORP              | US        |    815000 | NS      | $13553450.00  | 2.28%             |  |  |  | No            |                  1 | On Loan: No      |
| ADVANCED DRAINAGE SYSTEMS IN | COMMON STOCK USD.01     | CUSIP: 00790R104<br>LEI: N/A | Long             | EC               | CORP              | US        |     49433 | NS      | $4052023.01   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| ALTUS GROUP LTD              | COMMON STOCK            | CUSIP: 02215R958<br>LEI: N/A | Long             | EC               | CORP              | CA        |    367910 | NS      | $14683793.50  | 2.48%             |  |  |  | No            |                  1 | On Loan: No      |
| AMEDISYS INC                 | COMMON STOCK USD.001    | CUSIP: 023436108<br>LEI: N/A | Long             | EC               | CORP              | US        |    115000 | NS      | $9607100.00   | 1.62%             |  |  |  | No            |                  1 | On Loan: No      |
| AZEK CO INC/THE              | COMMON STOCK            | CUSIP: 05478C105<br>LEI: N/A | Long             | EC               | CORP              | US        |    419349 | NS      | $8521171.68   | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| BELDEN INC                   | COMMON STOCK USD.01     | CUSIP: 077454106<br>LEI: N/A | Long             | EC               | CORP              | US        |    190000 | NS      | $13661000.00  | 2.30%             |  |  |  | No            |                  1 | On Loan: No      |
| BJ S WHOLESALE CLUB HOLDINGS | COMMON STOCK USD.01     | CUSIP: 05550J101<br>LEI: N/A | Long             | EC               | CORP              | US        |     94955 | NS      | $6282222.80   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| BRIGHTSPHERE INVESTMENT GROU | COMMON STOCK USD.001    | CUSIP: 10948W103<br>LEI: N/A | Long             | EC               | CORP              | US        |   1123745 | NS      | $23126672.10  | 3.90%             |  |  |  | No            |                  1 | On Loan: —       |
| CARTER S INC                 | COMMON STOCK USD.01     | CUSIP: 146229109<br>LEI: N/A | Long             | EC               | CORP              | US        |     69826 | NS      | $5209717.86   | 0.88%             |  |  |  | No            |                  1 | On Loan: —       |
| CIENA CORP                   | COMMON STOCK USD.01     | CUSIP: 171779309<br>LEI: N/A | Long             | EC               | CORP              | US        |    253064 | NS      | $12901202.72  | 2.17%             |  |  |  | No            |                  1 | On Loan: No      |
| COLUMBIA SPORTSWEAR CO       | COMMON STOCK            | CUSIP: 198516106<br>LEI: N/A | Long             | EC               | CORP              | US        |     75515 | NS      | $6613603.70   | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| CRYOPORT INC                 | COMMON STOCK USD.001    | CUSIP: 229050307<br>LEI: N/A | Long             | EC               | CORP              | US        |    487375 | NS      | $8455956.25   | 1.43%             |  |  |  | No            |                  1 | On Loan: —       |
| DARLING INGREDIENTS INC      | COMMON STOCK USD.01     | CUSIP: 237266101<br>LEI: N/A | Long             | EC               | CORP              | US        |    183294 | NS      | $11472371.46  | 1.93%             |  |  |  | No            |                  1 | On Loan: No      |
| DECKERS OUTDOOR CORP         | COMMON STOCK USD.01     | CUSIP: 243537107<br>LEI: N/A | Long             | EC               | CORP              | US        |     19557 | NS      | $7806372.12   | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| EASTERN BANKSHARES INC       | COMMON STOCK USD.01     | CUSIP: 27627N105<br>LEI: N/A | Long             | EC               | CORP              | US        |    915000 | NS      | $15783750.00  | 2.66%             |  |  |  | No            |                  1 | On Loan: No      |
| ELEMENT SOLUTIONS INC        | COMMON STOCK USD.01     | CUSIP: 28618M106<br>LEI: N/A | Long             | EC               | CORP              | US        |    736946 | NS      | $13405047.74  | 2.26%             |  |  |  | No            |                  1 | On Loan: No      |
| ENOVIS CORP                  | COMMON STOCK USD.001    | CUSIP: 194014502<br>LEI: N/A | Long             | EC               | CORP              | US        |    185630 | NS      | $9934917.60   | 1.67%             |  |  |  | No            |                  1 | On Loan: No      |
| ENPRO INDUSTRIES INC         | COMMON STOCK USD.01     | CUSIP: 29355X107<br>LEI: N/A | Long             | EC               | CORP              | US        |    120000 | NS      | $13042800.00  | 2.20%             |  |  |  | No            |                  1 | On Loan: No      |
| EVOQUA WATER TECHNOLOGIES CO | COMMON STOCK USD.01     | CUSIP: 30057T105<br>LEI: N/A | Long             | EC               | CORP              | US        |    314343 | NS      | $12447982.80  | 2.10%             |  |  |  | No            |                  1 | On Loan: No      |
| EXTREME NETWORKS INC         | COMMON STOCK USD.001    | CUSIP: 30226D106<br>LEI: N/A | Long             | EC               | CORP              | US        |    630178 | NS      | $11538559.18  | 1.94%             |  |  |  | No            |                  1 | On Loan: No      |
| FOX FACTORY HOLDING CORP     | COMMON STOCK USD.001    | CUSIP: 35138V102<br>LEI: N/A | Long             | EC               | CORP              | US        |     83331 | NS      | $7602287.13   | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| GATES INDUSTRIAL CORP PLC    | COMMON STOCK USD.01     | CUSIP: G39108108<br>LEI: N/A | Long             | EC               | CORP              | US        |   1052713 | NS      | $12011455.33  | 2.02%             |  |  |  | No            |                  1 | On Loan: No      |
| GRAPHIC PACKAGING HOLDING CO | COMMON STOCK USD.01     | CUSIP: 388689101<br>LEI: N/A | Long             | EC               | CORP              | US        |    833585 | NS      | $18547266.25  | 3.13%             |  |  |  | No            |                  1 | On Loan: No      |
| HEALTH CATALYST INC          | COMMON STOCK USD.001    | CUSIP: 42225T107<br>LEI: N/A | Long             | EC               | CORP              | US        |   1204475 | NS      | $12803569.25  | 2.16%             |  |  |  | No            |                  1 | On Loan: No      |
| HEALTHCARE REALTY TRUST INC  | REIT USD.01             | CUSIP: 42226K105<br>LEI: N/A | Long             | RE               | RF                | US        |    756352 | NS      | $14574903.04  | 2.46%             |  |  |  | No            |                  1 | On Loan: No      |
| HERC HOLDINGS INC            | COMMON STOCK USD.01     | CUSIP: 42704L104<br>LEI: N/A | Long             | EC               | CORP              | US        |     45000 | NS      | $5920650.00   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| HURON CONSULTING GROUP INC   | COMMON STOCK USD.01     | CUSIP: 447462102<br>LEI: N/A | Long             | EC               | CORP              | US        |    125000 | NS      | $9075000.00   | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| INDEPENDENT BANK CORP/MA     | COMMON STOCK USD.01     | CUSIP: 453836108<br>LEI: N/A | Long             | EC               | CORP              | US        |    150000 | NS      | $12664500.00  | 2.13%             |  |  |  | No            |                  1 | On Loan: No      |
| LESLIE S INC                 | COMMON STOCK USD.001    | CUSIP: 527064109<br>LEI: N/A | Long             | EC               | CORP              | US        |    247284 | NS      | $3019337.64   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| LIGAND PHARMACEUTICALS       | COMMON STOCK USD.001    | CUSIP: 53220K504<br>LEI: N/A | Long             | EC               | CORP              | US        |    234320 | NS      | $15652576.00  | 2.64%             |  |  |  | No            |                  1 | On Loan: No      |
| MSA SAFETY INC               | COMMON STOCK            | CUSIP: 553498106<br>LEI: N/A | Long             | EC               | CORP              | US        |     60089 | NS      | $8664232.91   | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| NAPCO SECURITY TECHNOLOGIES  | COMMON STOCK USD.01     | CUSIP: 630402105<br>LEI: N/A | Long             | EC               | CORP              | US        |    255000 | NS      | $7007400.00   | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| NATIONAL VISION HOLDINGS INC | COMMON STOCK USD.01     | CUSIP: 63845R107<br>LEI: N/A | Long             | EC               | CORP              | US        |    255669 | NS      | $9909730.44   | 1.67%             |  |  |  | No            |                  1 | On Loan: No      |
| NEUROCRINE BIOSCIENCES INC   | COMMON STOCK USD.001    | CUSIP: 64125C109<br>LEI: N/A | Long             | EC               | CORP              | US        |    175000 | NS      | $20902000.00  | 3.52%             |  |  |  | No            |                  1 | On Loan: No      |
| OMNIAB INC                   | COMMON STOCK USD.0001   | CUSIP: 68218J103<br>LEI: N/A | Long             | EC               | CORP              | US        |   1148184 | NS      | $4133462.40   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| ONTO INNOVATION INC          | COMMON STOCK            | CUSIP: 683344105<br>LEI: N/A | Long             | EC               | CORP              | US        |    137557 | NS      | $9366256.13   | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| OPTION CARE HEALTH INC       | COMMON STOCK USD.0001   | CUSIP: 68404L201<br>LEI: N/A | Long             | EC               | CORP              | US        |    400000 | NS      | $12036000.00  | 2.03%             |  |  |  | No            |                  1 | On Loan: No      |
| PACIRA BIOSCIENCES INC       | COMMON STOCK USD.001    | CUSIP: 695127100<br>LEI: N/A | Long             | EC               | CORP              | US        |    200027 | NS      | $7723042.47   | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| PLANET FITNESS INC   CL A    | COMMON STOCK USD.0001   | CUSIP: 72703H101<br>LEI: N/A | Long             | EC               | CORP              | US        |    134271 | NS      | $10580554.80  | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| PRESTIGE CONSUMER HEALTHCARE | COMMON STOCK USD.01     | CUSIP: 74112D101<br>LEI: N/A | Long             | EC               | CORP              | US        |    170000 | NS      | $10642000.00  | 1.79%             |  |  |  | No            |                  1 | On Loan: No      |
| QUINSTREET INC               | COMMON STOCK USD.001    | CUSIP: 74874Q100<br>LEI: N/A | Long             | EC               | CORP              | US        |    790395 | NS      | $11342168.25  | 1.91%             |  |  |  | No            |                  1 | On Loan: No      |
| RAYONIER INC                 | REIT                    | CUSIP: 754907103<br>LEI: N/A | Long             | RE               | RF                | US        |    361676 | NS      | $11920840.96  | 2.01%             |  |  |  | No            |                  1 | On Loan: No      |
| SI BONE INC                  | COMMON STOCK USD.0001   | CUSIP: 825704109<br>LEI: N/A | Long             | EC               | CORP              | US        |   1200343 | NS      | $16324664.80  | 2.75%             |  |  |  | No            |                  1 | On Loan: No      |
| SIMPLY GOOD FOODS CO/THE     | COMMON STOCK USD.0001   | CUSIP: 82900L102<br>LEI: N/A | Long             | EC               | CORP              | US        |    258620 | NS      | $9835318.60   | 1.66%             |  |  |  | No            |                  1 | On Loan: No      |
| SPROUT SOCIAL INC   CLASS A  | COMMON STOCK USD.0001   | CUSIP: 85209W109<br>LEI: N/A | Long             | EC               | CORP              | US        |    113724 | NS      | $6420857.04   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| SSC GOVERNMENT MM GVMXX      | SSC GOVERNMENT MM GVMXX | CUSIP: 7839989D1<br>LEI: N/A | Long             | STIV             | CORP              | US        |   3883966 | NS      | $3883965.60   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| STERICYCLE INC               | COMMON STOCK USD.01     | CUSIP: 858912108<br>LEI: N/A | Long             | EC               | CORP              | US        |    202906 | NS      | $10122980.34  | 1.71%             |  |  |  | No            |                  1 | On Loan: No      |
| SURO CAPITAL CORP            | COMMON STOCK USD.01     | CUSIP: 86887Q109<br>LEI: N/A | Long             | EC               | CORP              | US        |    508398 | NS      | $1931912.40   | 0.33%             |  |  |  | No            |                  1 | On Loan: —       |
| TECHTARGET                   | COMMON STOCK USD.001    | CUSIP: 87874R100<br>LEI: N/A | Long             | EC               | CORP              | US        |    142583 | NS      | $6282206.98   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| VERRA MOBILITY CORP          | COMMON STOCK USD.0001   | CUSIP: 92511U102<br>LEI: N/A | Long             | EC               | CORP              | US        |    448661 | NS      | $6204981.63   | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| VERTIV HOLDINGS CO           | COMMON STOCK USD.0001   | CUSIP: 92537N108<br>LEI: N/A | Long             | EC               | CORP              | US        |    561461 | NS      | $7669557.26   | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| VICTORY CAPITAL HOLDING   A  | COMMON STOCK USD.01     | CUSIP: 92645B103<br>LEI: N/A | Long             | EC               | CORP              | US        |    972198 | NS      | $26084072.34  | 4.40%             |  |  |  | No            |                  1 | On Loan: No      |
| VISTEON CORP                 | COMMON STOCK            | CUSIP: 92839U206<br>LEI: N/A | Long             | EC               | CORP              | US        |     42500 | NS      | $5560275.00   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| VOYA FINANCIAL INC           | COMMON STOCK USD.01     | CUSIP: 929089100<br>LEI: N/A | Long             | EC               | CORP              | US        |    281040 | NS      | $17281149.60  | 2.91%             |  |  |  | No            |                  1 | On Loan: No      |
| WORKIVA INC                  | COMMON STOCK USD.001    | CUSIP: 98139A105<br>LEI: N/A | Long             | EC               | CORP              | US        |    158586 | NS      | $13316466.42  | 2.24%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2023-02-28

**Name of Applicant:** Impax Funds Series Trust I

**Signature:** /s/ Alicia DuBois

**Name of Signer:** Alicia DuBois

**Title:** Treasurer