# EDGAR Filing Document

**Accession Number:** 0000076721
**File Stem:** 0002071691-25-005480
**Filing Date:** 2025-11
**Character Count:** 49286
**Document Hash:** e0544ee4d6bc17e6262af8e40750d0c4
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002071691-25-005480.hdr.sgml**: 20251121

**ACCESSION NUMBER**: 0002071691-25-005480

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251121

**DATE AS OF CHANGE**: 20251121

**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:** 251507406

**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 International Sustainable Economy Fund (Series ID: S000044216)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000137561 | Institutional Class | PXNIX           |
| C000137562 | Investor Class      | PXINX           |

## 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 International Sustainable Economy Fund

- **b. EDGAR series identifier (if any):** S000044216

- **c. LEI of Series:** 5493001G1B6NH621FW86

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

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

- **b. Date as of which information is reported:** 2025-09-30

**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:** $1536695894.99

**Total Liabilities:** $566208.72

**Net Assets:** $1536129686.27

**Cash Not Reported:** $909106.23

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000137562 | -2.53%               | 3.09%                | 2.35%                |
| Class ID C000137561 | -2.50%               | 3.08%                | 2.41%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-447457.85              | $-37865713.19                              |
| Month 2  | $-349.71                 | $42382387.29                               |
| Month 3  | $13668273.44             | $17366697.78                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| SKF AB                                         | SKF AB, Class B                                | CUSIP: N/A<br>LEI: 549300B6HWYEE57O8J84       | Long             | EC               | CORP              | SE        |    128933 | NS      | $3206718.70   | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Scentre Group                                  | Scentre Group                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |   1113659 | NS      | $3003957.54   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Muenchener Rueckversicherungs-Gesellschaft AG  | Muenchener Rueckversicherungs-Gesellschaft AG  | CUSIP: N/A<br>LEI: 529900MUF4C20K50JS49       | Long             | EC               | CORP              | DE        |     30615 | NS      | $19546888.38  | 1.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Daiwa House Industry Co. Ltd.                  | Daiwa House Industry Co. Ltd.                  | CUSIP: N/A<br>LEI: 353800K9WXR9XRZJZI46       | Long             | EC               | CORP              | JP        |     93200 | NS      | $3347280.89   | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Ajinomoto Co., Inc.                            | Ajinomoto Co., Inc.                            | CUSIP: N/A<br>LEI: 353800UT0TLROREPIC92       | Long             | EC               | CORP              | JP        |    105500 | NS      | $3024602.22   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| ING Groep NV                                   | ING Groep NV                                   | CUSIP: N/A<br>LEI: 549300NYKK9MWM7GGW15       | Long             | EC               | CORP              | NL        |    221054 | NS      | $5795097.65   | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| Suncorp Group Ltd.                             | Suncorp Group Ltd.                             | CUSIP: N/A<br>LEI: 549300BVOKRTHDIWVT46       | Long             | EC               | CORP              | AU        |    307102 | NS      | $4117531.17   | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Sony Group Corp.                               | Sony Group Corp.                               | CUSIP: N/A<br>LEI: 529900R5WX9N2OI2N910       | Long             | EC               | CORP              | JP        |   1145500 | NS      | $32929347.18  | 2.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Sampo OYJ                                      | Sampo OYJ, Class A                             | CUSIP: N/A<br>LEI: 743700UF3RL386WIDA22       | Long             | EC               | CORP              | FI        |    762784 | NS      | $8769691.11   | 0.57%             |  |  |  | No            |                  2 | On Loan: No      |
| CSL Ltd.                                       | CSL Ltd.                                       | CUSIP: N/A<br>LEI: 529900ECSECK5ZDQTE14       | Long             | EC               | CORP              | AU        |     71200 | NS      | $9366094.34   | 0.61%             |  |  |  | No            |                  2 | On Loan: No      |
| Goodman Group                                  | Goodman Group                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |    142672 | NS      | $3091847.72   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Commonwealth Bank of Australia                 | Commonwealth Bank of Australia                 | CUSIP: N/A<br>LEI: MSFSBD3QN1GSN7Q6C537       | Long             | EC               | CORP              | AU        |     27620 | NS      | $3050175.71   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Jeronimo Martins SGPS SA                       | Jeronimo Martins SGPS SA                       | CUSIP: N/A<br>LEI: 259400A8SZP10GB5IB19       | Long             | EC               | CORP              | PT        |    131795 | NS      | $3208577.52   | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Danone SA                                      | Danone SA                                      | CUSIP: N/A<br>LEI: 969500KMUQ2B6CBAF162       | Long             | EC               | CORP              | FR        |     85685 | NS      | $7466013.94   | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| GSK plc                                        | GSK plc                                        | CUSIP: N/A<br>LEI: 5493000HZTVUYLO1D793       | Long             | EC               | CORP              | GB        |    297858 | NS      | $6395600.66   | 0.42%             |  |  |  | No            |                  2 | On Loan: No      |
| Mondi plc                                      | Mondi plc                                      | CUSIP: N/A<br>LEI: 213800LOZA69QFDC9N34       | Long             | EC               | CORP              | GB        |    350563 | NS      | $4849019.27   | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| Logitech International SA                      | Logitech International SA                      | CUSIP: N/A<br>LEI: 549300SN6PRK6IJJC215       | Long             | EC               | CORP              | CH        |    136722 | NS      | $15039205.00  | 0.98%             |  |  |  | No            |                  2 | On Loan: No      |
| Recruit Holdings Co. Ltd.                      | Recruit Holdings Co. Ltd.                      | CUSIP: N/A<br>LEI: 353800R2LRSMVVC4I806       | Long             | EC               | CORP              | JP        |    159700 | NS      | $8586090.95   | 0.56%             |  |  |  | No            |                  2 | On Loan: No      |
| Kirin Holdings Co. Ltd.                        | Kirin Holdings Co. Ltd.                        | CUSIP: 497350108<br>LEI: 353800GBVL72LLMTYM96 | Long             | EC               | CORP              | JP        |    400900 | NS      | $5873638.77   | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| Komatsu Ltd.                                   | Komatsu Ltd.                                   | CUSIP: N/A<br>LEI: 5493004LQ0B4T7QPQV17       | Long             | EC               | CORP              | JP        |    297800 | NS      | $10374521.26  | 0.68%             |  |  |  | No            |                  2 | On Loan: No      |
| Sika AG                                        | Sika AG                                        | CUSIP: N/A<br>LEI: 549300R3N69ECGYPU434       | Long             | EC               | CORP              | CH        |     34865 | NS      | $7829240.85   | 0.51%             |  |  |  | No            |                  2 | On Loan: No      |
| FDJ United                                     | FDJ United                                     | CUSIP: N/A<br>LEI: 969500R4CLSQFTYYI535       | Long             | EC               | CORP              | FR        |    164075 | NS      | $5501789.28   | 0.36%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Nitto Denko Corp.                              | Nitto Denko Corp.                              | CUSIP: N/A<br>LEI: 3538009GX5P09USH2J25       | Long             | EC               | CORP              | JP        |    155200 | NS      | $3678975.91   | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Vodafone Group plc                             | Vodafone Group plc                             | CUSIP: N/A<br>LEI: 213800TB53ELEUKM7Q61       | Long             | EC               | CORP              | GB        |   4581492 | NS      | $5327833.85   | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| Mercedes-Benz Group AG                         | Mercedes-Benz Group AG                         | CUSIP: N/A<br>LEI: 529900R27DL06UVNT076       | Long             | EC               | CORP              | DE        |    347496 | NS      | $21902671.15  | 1.43%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank of Ireland Group plc                      | Bank of Ireland Group plc                      | CUSIP: N/A<br>LEI: 635400C8EK6DRI12LJ39       | Long             | EC               | CORP              | IE        |    205472 | NS      | $3402065.25   | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                 | BNP Paribas SA                                 | CUSIP: N/A<br>LEI: R0MUWSFPU8MPRO8K5P83       | Long             | EC               | CORP              | FR        |    297555 | NS      | $27215212.77  | 1.77%             |  |  |  | No            |                  2 | On Loan: No      |
| Sonova Holding AG                              | Sonova Holding AG                              | CUSIP: N/A<br>LEI: 5299004A0QNX7FBNHS61       | Long             | EC               | CORP              | CH        |     46911 | NS      | $12867986.14  | 0.84%             |  |  |  | No            |                  2 | On Loan: No      |
| Legal & General Group plc                      | Legal & General Group plc                      | CUSIP: N/A<br>LEI: 213800JH9QQWHLO99821       | Long             | EC               | CORP              | GB        |   1772888 | NS      | $5694365.94   | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| Mitsubishi Estate Co. Ltd.                     | Mitsubishi Estate Co. Ltd.                     | CUSIP: N/A<br>LEI: 353800KOFMRGOXSJ5Z65       | Long             | EC               | CORP              | JP        |    207600 | NS      | $4771445.97   | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Vinci SA                                       | Vinci SA                                       | CUSIP: N/A<br>LEI: 213800WFQ334R8UXUG83       | Long             | EC               | CORP              | FR        |     21994 | NS      | $3056549.32   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Panasonic Holdings Corp.                       | Panasonic Holdings Corp.                       | CUSIP: N/A<br>LEI: 254900GE1G59KGWPHX32       | Long             | EC               | CORP              | JP        |    295500 | NS      | $3207386.21   | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| RELX plc                                       | RELX plc                                       | CUSIP: N/A<br>LEI: 549300WSX3VBUFFJOO66       | Long             | EC               | CORP              | GB        |    561739 | NS      | $26839238.22  | 1.75%             |  |  |  | No            |                  2 | On Loan: No      |
| QBE Insurance Group Ltd.                       | QBE Insurance Group Ltd.                       | CUSIP: N/A<br>LEI: 549300D2FBW76FPUSG65       | Long             | EC               | CORP              | AU        |   1302084 | NS      | $17719100.43  | 1.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Daiichi Sankyo Co. Ltd.                        | Daiichi Sankyo Co. Ltd.                        | CUSIP: N/A<br>LEI: 353800XGIU2IHQGC9504       | Long             | EC               | CORP              | JP        |   1111400 | NS      | $25006735.59  | 1.63%             |  |  |  | No            |                  2 | On Loan: No      |
| AXA SA                                         | AXA SA                                         | CUSIP: N/A<br>LEI: F5WCUMTUM4RKZ1MAIE39       | Long             | EC               | CORP              | FR        |    525920 | NS      | $25220500.23  | 1.64%             |  |  |  | No            |                  2 | On Loan: No      |
| Schneider Electric SE                          | Schneider Electric SE                          | CUSIP: N/A<br>LEI: 969500A1YF1XUYYXS284       | Long             | EC               | CORP              | FR        |    111109 | NS      | $31274085.92  | 2.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Tokyo Electron Ltd.                            | Tokyo Electron Ltd.                            | CUSIP: N/A<br>LEI: 549300H5LSF8DP3RIJ34       | Long             | EC               | CORP              | JP        |    146000 | NS      | $25880977.21  | 1.68%             |  |  |  | No            |                  2 | On Loan: No      |
| Hermes International SCA                       | Hermes International SCA                       | CUSIP: N/A<br>LEI: 969500Y4IJGHJE2MTJ13       | Long             | EC               | CORP              | FR        |      2187 | NS      | $5377919.81   | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| Hitachi Ltd.                                   | Hitachi Ltd.                                   | CUSIP: N/A<br>LEI: 549300T6IPOCDWLKC615       | Long             | EC               | CORP              | JP        |   1185700 | NS      | $31412831.30  | 2.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Enel SpA                                       | Enel SpA                                       | CUSIP: N/A<br>LEI: WOCMU6HCI0OJWNPRZS33       | Long             | EC               | CORP              | IT        |    845089 | NS      | $8008520.42   | 0.52%             |  |  |  | No            |                  2 | On Loan: No      |
| Novo Nordisk A/S                               | Novo Nordisk A/S, Class B                      | CUSIP: N/A<br>LEI: 549300DAQ1CVT6CXN342       | Long             | EC               | CORP              | DK        |    283987 | NS      | $15812869.60  | 1.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Air Liquide SA                                 | Air Liquide SA                                 | CUSIP: N/A<br>LEI: 969500MMPQVHK671GT54       | Long             | EC               | CORP              | FR        |     28062 | NS      | $5846903.69   | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| Banco de Sabadell SA                           | Banco de Sabadell SA                           | CUSIP: N/A<br>LEI: SI5RG2M0WQQLZCXKRM20       | Long             | EC               | CORP              | ES        |    779011 | NS      | $3040642.65   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Aristocrat Leisure Ltd.                        | Aristocrat Leisure Ltd.                        | CUSIP: N/A<br>LEI: 529900TE2HO3OZKYKC27       | Long             | EC               | CORP              | AU        |    370074 | NS      | $17132012.00  | 1.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Wolters Kluwer NV                              | Wolters Kluwer NV                              | CUSIP: N/A<br>LEI: 724500TEM53I0U077B74       | Long             | EC               | CORP              | NL        |     49199 | NS      | $6715659.28   | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| GEA Group AG                                   | GEA Group AG                                   | CUSIP: N/A<br>LEI: 549300PHUU0ZZWO8EO07       | Long             | EC               | CORP              | DE        |     82075 | NS      | $6067976.89   | 0.40%             |  |  |  | No            |                  2 | On Loan: No      |
| Tesco plc                                      | Tesco plc                                      | CUSIP: N/A<br>LEI: 2138002P5RNKC5W2JZ46       | Long             | EC               | CORP              | GB        |   2355992 | NS      | $14121087.19  | 0.92%             |  |  |  | No            |                  2 | On Loan: No      |
| FANUC Corp.                                    | FANUC Corp.                                    | CUSIP: N/A<br>LEI: 529900QTSW745LOKW705       | Long             | EC               | CORP              | JP        |    303900 | NS      | $8733159.87   | 0.57%             |  |  |  | No            |                  2 | On Loan: No      |
| Iberdrola SA                                   | Iberdrola SA                                   | CUSIP: N/A<br>LEI: 5QK37QC7NWOJ8D7WVQ45       | Long             | EC               | CORP              | ES        |   1609000 | NS      | $30457300.79  | 1.98%             |  |  |  | No            |                  2 | On Loan: No      |
| 3i Group plc                                   | 3i Group plc                                   | CUSIP: N/A<br>LEI: 35GDVHRBMFE7NWATNM84       | Long             | EC               | CORP              | GB        |    173002 | NS      | $9536385.94   | 0.62%             |  |  |  | No            |                  2 | On Loan: No      |
| EDP SA                                         | EDP SA                                         | CUSIP: N/A<br>LEI: 529900CLC3WDMGI9VH80       | Long             | EC               | CORP              | PT        |   3225168 | NS      | $15306537.16  | 1.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Kajima Corp.                                   | Kajima Corp.                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |    101300 | NS      | $2952372.76   | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Sumitomo Electric Industries Ltd.              | Sumitomo Electric Industries Ltd.              | CUSIP: N/A<br>LEI: 5493005SP87FL5TOS202       | Long             | EC               | CORP              | JP        |    177400 | NS      | $5047748.75   | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| ABB Ltd.                                       | ABB Ltd.                                       | CUSIP: N/A<br>LEI: 5493000LKVGOO9PELI61       | Long             | EC               | CORP              | CH        |    400109 | NS      | $28953219.58  | 1.88%             |  |  |  | No            |                  2 | On Loan: No      |
| Kao Corp.                                      | Kao Corp.                                      | CUSIP: N/A<br>LEI: 353800HM38HFCB8RGL63       | Long             | EC               | CORP              | JP        |    112400 | NS      | $4898509.69   | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| Koninklijke Ahold Delhaize NV                  | Koninklijke Ahold Delhaize NV                  | CUSIP: N/A<br>LEI: 724500C9GNBV20UYRX36       | Long             | EC               | CORP              | NL        |    256461 | NS      | $10377566.72  | 0.68%             |  |  |  | No            |                  2 | On Loan: No      |
| Nokia OYJ                                      | Nokia OYJ                                      | CUSIP: N/A<br>LEI: 549300A0JPRWG1KI7U06       | Long             | EC               | CORP              | FI        |    632461 | NS      | $3041377.93   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| ASML Holding NV                                | ASML Holding NV                                | CUSIP: N/A<br>LEI: 724500Y6DUVHQD6OXN27       | Long             | EC               | CORP              | NL        |     47239 | NS      | $46066861.86  | 3.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BPER Banca SpA                                 | BPER Banca SpA                                 | CUSIP: N/A<br>LEI: N747OI7JINV7RUUH6190       | Long             | EC               | CORP              | IT        |   1452079 | NS      | $16150250.99  | 1.05%             |  |  |  | No            |                  2 | On Loan: No      |
| DBS Group Holdings Ltd.                        | DBS Group Holdings Ltd.                        | CUSIP: N/A<br>LEI: 5493007FKT78NKPM5V55       | Long             | EC               | CORP              | SG        |     76100 | NS      | $3017959.11   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Reckitt Benckiser Group plc                    | Reckitt Benckiser Group plc                    | CUSIP: N/A<br>LEI: 5493003JFSMOJG48V108       | Long             | EC               | CORP              | GB        |    142835 | NS      | $10998583.93  | 0.72%             |  |  |  | No            |                  2 | On Loan: No      |
| Intesa Sanpaolo SpA                            | Intesa Sanpaolo SpA                            | CUSIP: N/A<br>LEI: 2W8N8UU78PMDQKZENC08       | Long             | EC               | CORP              | IT        |   3398607 | NS      | $22495979.24  | 1.46%             |  |  |  | No            |                  2 | On Loan: No      |
| Hong Kong Exchanges & Clearing Ltd.            | Hong Kong Exchanges & Clearing Ltd.            | CUSIP: N/A<br>LEI: 213800YTVSXYQN17BW16       | Long             | EC               | CORP              | HK        |     63800 | NS      | $3621961.49   | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| James Hardie Industries plc                    | James Hardie Industries plc                    | CUSIP: N/A<br>LEI: 635400NSGXKTVOO7JU45       | Long             | EC               | CORP              | IE        |    392853 | NS      | $7291111.84   | 0.47%             |  |  |  | No            |                  2 | On Loan: No      |
| NEC Corp.                                      | NEC Corp.                                      | CUSIP: N/A<br>LEI: 5493000QYMPFRTEY4K28       | Long             | EC               | CORP              | JP        |    752000 | NS      | $24070833.70  | 1.57%             |  |  |  | No            |                  2 | On Loan: No      |
| Dassault Systemes SE                           | Dassault Systemes SE                           | CUSIP: N/A<br>LEI: 96950065LBWY0APQIM86       | Long             | EC               | CORP              | FR        |    533416 | NS      | $17944657.88  | 1.17%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Prime Money Market Fund               | JPMorgan Prime Money Market Fund               | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | RF                | US        |  54620233 | NS      | $54620232.51  | 3.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Stellantis NV                                  | Stellantis NV                                  | CUSIP: N/A<br>LEI: 549300LKT9PW7ZIBDF31       | Long             | EC               | CORP              | NL        |    317339 | NS      | $2945401.32   | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Generali                                       | Generali                                       | CUSIP: N/A<br>LEI: 549300X5UKJVE386ZB61       | Long             | EC               | CORP              | IT        |    611804 | NS      | $24043904.92  | 1.57%             |  |  |  | No            |                  2 | On Loan: No      |
| Sekisui Chemical Co. Ltd.                      | Sekisui Chemical Co. Ltd.                      | CUSIP: N/A<br>LEI: 529900KQIVT7NWFNMI70       | Long             | EC               | CORP              | JP        |    249400 | NS      | $4642995.31   | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Acciona SA                                     | Acciona SA                                     | CUSIP: N/A<br>LEI: 54930002KP75TLLLNO21       | Long             | EC               | CORP              | ES        |     15008 | NS      | $3015686.63   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Telecom Italia SpA                             | Telecom Italia SpA                             | CUSIP: N/A<br>LEI: 549300W384M3RI3VXU42       | Long             | EC               | CORP              | IT        |   6005135 | NS      | $3146339.78   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Nomura Holdings, Inc.                          | Nomura Holdings, Inc.                          | CUSIP: N/A<br>LEI: 549300B3CEAHYG7K8164       | Long             | EC               | CORP              | JP        |    488400 | NS      | $3579324.45   | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Norsk Hydro ASA                                | Norsk Hydro ASA                                | CUSIP: N/A<br>LEI: 549300N1SDN71ZZ8BO45       | Long             | EC               | CORP              | NO        |    599692 | NS      | $4077377.27   | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Holcim AG                                      | Holcim AG                                      | CUSIP: N/A<br>LEI: 529900EHPFPYHV6IQO98       | Long             | EC               | CORP              | CH        |    140723 | NS      | $12007128.58  | 0.78%             |  |  |  | No            |                  2 | On Loan: No      |
| Schroders plc                                  | Schroders plc                                  | CUSIP: N/A<br>LEI: 2138001YYBULX5SZ2H24       | Long             | EC               | CORP              | GB        |    599632 | NS      | $3042854.19   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Unibail-Rodamco-Westfield                      | Unibail-Rodamco-Westfield                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | FR        |     58593 | NS      | $6170701.91   | 0.40%             |  |  |  | No            |                  2 | On Loan: No      |
| National Grid plc                              | National Grid plc                              | CUSIP: N/A<br>LEI: 8R95QZMKZLJX5Q2XR704       | Long             | EC               | CORP              | GB        |   1137552 | NS      | $16345109.90  | 1.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Allianz SE                                     | Allianz SE                                     | CUSIP: N/A<br>LEI: 529900K9B0N5BT694847       | Long             | EC               | CORP              | DE        |     41536 | NS      | $17475302.37  | 1.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Epiroc AB                                      | Epiroc AB, Class A                             | CUSIP: N/A<br>LEI: 5493004Q73OEYW1SPE91       | Long             | EC               | CORP              | SE        |    142181 | NS      | $3009982.42   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Yokogawa Electric Corp.                        | Yokogawa Electric Corp.                        | CUSIP: N/A<br>LEI: 529900MV0U7C9WWF4L22       | Long             | EC               | CORP              | JP        |    250000 | NS      | $7174649.74   | 0.47%             |  |  |  | No            |                  2 | On Loan: No      |
| KDDI Corp.                                     | KDDI Corp.                                     | CUSIP: N/A<br>LEI: 5299003FU7V4I45FU310       | Long             | EC               | CORP              | JP        |   1424300 | NS      | $22715488.81  | 1.48%             |  |  |  | No            |                  2 | On Loan: No      |
| Credit Agricole SA                             | Credit Agricole SA                             | CUSIP: N/A<br>LEI: 969500TJ5KRTCJQWXH05       | Long             | EC               | CORP              | FR        |    790636 | NS      | $15580335.20  | 1.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Assa Abloy AB                                  | Assa Abloy AB, Class B                         | CUSIP: N/A<br>LEI: 549300YECS8HKCIMMB67       | Long             | EC               | CORP              | SE        |    239914 | NS      | $8350898.88   | 0.54%             |  |  |  | No            |                  2 | On Loan: No      |
| SGS SA                                         | SGS SA                                         | CUSIP: N/A<br>LEI: 2138007JNS19JHNA2336       | Long             | EC               | CORP              | CH        |     56908 | NS      | $5913870.08   | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| ANZ Group Holdings Ltd.                        | ANZ Group Holdings Ltd.                        | CUSIP: N/A<br>LEI: 9845005D9C6BAA10BK72       | Long             | EC               | CORP              | AU        |    724720 | NS      | $15913796.69  | 1.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Chugai Pharmaceutical Co. Ltd.                 | Chugai Pharmaceutical Co. Ltd.                 | CUSIP: N/A<br>LEI: 529900T9LAII161DCN95       | Long             | EC               | CORP              | JP        |    123000 | NS      | $5453144.67   | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| AIB Group plc                                  | AIB Group plc                                  | CUSIP: N/A<br>LEI: 635400AKJBGNS5WNQL34       | Long             | EC               | CORP              | IE        |    327295 | NS      | $2983864.39   | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Nomura Research Institute Ltd.                 | Nomura Research Institute Ltd.                 | CUSIP: N/A<br>LEI: 5299005F1HCVF4M4QN79       | Long             | EC               | CORP              | JP        |    124000 | NS      | $4760614.09   | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Banco Bilbao Vizcaya Argentaria SA             | Banco Bilbao Vizcaya Argentaria SA             | CUSIP: N/A<br>LEI: K8MS7FD7N5Z2WQ51AZ71       | Long             | EC               | CORP              | ES        |    157398 | NS      | $3033001.77   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Segro plc                                      | Segro plc                                      | CUSIP: N/A<br>LEI: 213800XC35KGM9NFC641       | Long             | EC               | CORP              | GB        |    345503 | NS      | $3052880.18   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Tokio Marine Holdings, Inc.                    | Tokio Marine Holdings, Inc.                    | CUSIP: N/A<br>LEI: 5299009QN2NZ191KLS29       | Long             | EC               | CORP              | JP        |    137900 | NS      | $5836362.88   | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| Carrefour SA                                   | Carrefour SA                                   | CUSIP: N/A<br>LEI: 549300B8P6MUJ1YWTS08       | Long             | EC               | CORP              | FR        |    864062 | NS      | $13094651.68  | 0.85%             |  |  |  | No            |                  2 | On Loan: No      |
| Fuji Electric Co. Ltd.                         | Fuji Electric Co. Ltd.                         | CUSIP: N/A<br>LEI: 5299000HVNGZZTYYM906       | Long             | EC               | CORP              | JP        |     45200 | NS      | $3029925.15   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Infineon Technologies AG                       | Infineon Technologies AG                       | CUSIP: N/A<br>LEI: TSI2PJM6EPETEQ4X1U25       | Long             | EC               | CORP              | DE        |    626453 | NS      | $24575858.43  | 1.60%             |  |  |  | No            |                  2 | On Loan: No      |
| Zurich Insurance Group AG                      | Zurich Insurance Group AG                      | CUSIP: N/A<br>LEI: 529900QVNRBND50TXP03       | Long             | EC               | CORP              | CH        |     12172 | NS      | $8700343.01   | 0.57%             |  |  |  | No            |                  2 | On Loan: No      |
| Daifuku Co. Ltd.                               | Daifuku Co. Ltd.                               | CUSIP: N/A<br>LEI: 3538006FG1W4X3MYHL36       | Long             | EC               | CORP              | JP        |    186400 | NS      | $5965540.35   | 0.39%             |  |  |  | No            |                  2 | On Loan: No      |
| Standard Chartered plc                         | Standard Chartered plc                         | CUSIP: N/A<br>LEI: U4LOSYZ7YG4W3S5F2G91       | Long             | EC               | CORP              | GB        |    179798 | NS      | $3489441.57   | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| J Sainsbury plc                                | J Sainsbury plc                                | CUSIP: N/A<br>LEI: 213800VGZAAJIKJ9Y484       | Long             | EC               | CORP              | GB        |   1637389 | NS      | $7362069.08   | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| Astellas Pharma, Inc.                          | Astellas Pharma, Inc.                          | CUSIP: N/A<br>LEI: 529900IB708DY2HBBB35       | Long             | EC               | CORP              | JP        |   1006500 | NS      | $10970836.63  | 0.71%             |  |  |  | No            |                  2 | On Loan: No      |
| Siemens AG                                     | Siemens AG                                     | CUSIP: N/A<br>LEI: W38RGI023J3WT1HWRP32       | Long             | EC               | CORP              | DE        |    125943 | NS      | $34001843.15  | 2.21%             |  |  |  | No            |                  2 | On Loan: No      |
| REA Group Ltd.                                 | REA Group Ltd.                                 | CUSIP: N/A<br>LEI: 894500KA4UBDATOFPN36       | Long             | EC               | CORP              | AU        |     47995 | NS      | $7339305.83   | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| ACS Actividades de Construccion y Servicios SA | ACS Actividades de Construccion y Servicios SA | CUSIP: N/A<br>LEI: 95980020140005558665       | Long             | EC               | CORP              | ES        |     73715 | NS      | $5908854.53   | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| AstraZeneca plc                                | AstraZeneca plc                                | CUSIP: N/A<br>LEI: PY6ZZQWO2IZFZC3IOL08       | Long             | EC               | CORP              | GB        |    261713 | NS      | $40094723.47  | 2.61%             |  |  |  | No            |                  2 | On Loan: No      |
| Orsted A/S                                     | Orsted A/S                                     | CUSIP: N/A<br>LEI: W9NG6WMZIYEU8VEDOG48       | Long             | EC               | CORP              | DK        |    166639 | NS      | $2898616.94   | 0.19%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Aeon Co. Ltd.                                  | Aeon Co. Ltd.                                  | CUSIP: N/A<br>LEI: 5299009MXFL34SA71416       | Long             | EC               | CORP              | JP        |    617700 | NS      | $7497800.26   | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| SoftBank Corp.                                 | SoftBank Corp.                                 | CUSIP: N/A<br>LEI: 353800M1YCTS9JRBJ535       | Long             | EC               | CORP              | JP        |  13802000 | NS      | $20299974.87  | 1.32%             |  |  |  | No            |                  2 | On Loan: No      |
| MTR Corp. Ltd.                                 | MTR Corp. Ltd.                                 | CUSIP: N/A<br>LEI: 254900IH4U9NHH9AQM97       | Long             | EC               | CORP              | HK        |   1405999 | NS      | $4761537.42   | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| AIA Group Ltd.                                 | AIA Group Ltd.                                 | CUSIP: N/A<br>LEI: ZP5ILWVSYE4LJGMMVD57       | Long             | EC               | CORP              | HK        |   2416600 | NS      | $23160611.42  | 1.51%             |  |  |  | No            |                  2 | On Loan: No      |
| Skanska AB                                     | Skanska AB, Class B                            | CUSIP: N/A<br>LEI: 549300UINV5RINHGMG07       | Long             | EC               | CORP              | SE        |    119445 | NS      | $3100299.87   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Transurban Group                               | Transurban Group                               | CUSIP: N/A<br>LEI: 549300ZR71SUQ4VUTM79       | Long             | EC               | CORP              | AU        |    857438 | NS      | $7823141.04   | 0.51%             |  |  |  | No            |                  2 | On Loan: No      |
| Coles Group Ltd.                               | Coles Group Ltd.                               | CUSIP: N/A<br>LEI: 549300OHQRG2HN8LZ793       | Long             | EC               | CORP              | AU        |    421985 | NS      | $6495541.89   | 0.42%             |  |  |  | No            |                  2 | On Loan: No      |
| KBC Group NV                                   | KBC Group NV                                   | CUSIP: N/A<br>LEI: 213800X3Q9LSAKRUWY91       | Long             | EC               | CORP              | BE        |    126847 | NS      | $15201210.26  | 0.99%             |  |  |  | No            |                  2 | On Loan: No      |
| Cellnex Telecom SA                             | Cellnex Telecom SA                             | CUSIP: N/A<br>LEI: 5493008T4YG3AQUI7P67       | Long             | EC               | CORP              | ES        |    166066 | NS      | $5752096.88   | 0.37%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Fujitsu Ltd.                                   | Fujitsu Ltd.                                   | CUSIP: N/A<br>LEI: 3538000246DHJLRTUZ24       | Long             | EC               | CORP              | JP        |   1002700 | NS      | $23521672.44  | 1.53%             |  |  |  | No            |                  2 | On Loan: No      |
| Sony Financial Group, Inc.                     | Sony Financial Group, Inc.                     | CUSIP: N/A<br>LEI: 353800O7BDSU41WOZA60       | Long             | EC               | CORP              | JP        |   1145500 | NS      | $1270324.91   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| CaixaBank SA                                   | CaixaBank SA                                   | CUSIP: N/A<br>LEI: 7CUNS533WID6K7DGFI87       | Long             | EC               | CORP              | ES        |    331267 | NS      | $3498814.11   | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Novartis AG                                    | Novartis AG                                    | CUSIP: N/A<br>LEI: 5493007HIVTX6SY6XD66       | Long             | EC               | CORP              | CH        |    316954 | NS      | $40753435.51  | 2.65%             |  |  |  | No            |                  2 | On Loan: No      |
| Sompo Holdings, Inc.                           | Sompo Holdings, Inc.                           | CUSIP: N/A<br>LEI: 353800CWW4SRGEYEB512       | Long             | EC               | CORP              | JP        |    182400 | NS      | $5638998.11   | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| Barratt Redrow plc                             | Barratt Redrow plc                             | CUSIP: N/A<br>LEI: 2138006R85VEOF5YNK29       | Long             | EC               | CORP              | GB        |   2027020 | NS      | $10664484.47  | 0.69%             |  |  |  | No            |                  2 | On Loan: No      |
| Tryg A/S                                       | Tryg A/S                                       | CUSIP: N/A<br>LEI: 213800ZRS8AC4LSTCE39       | Long             | EC               | CORP              | DK        |    228526 | NS      | $5802096.19   | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| Siemens Energy AG                              | Siemens Energy AG                              | CUSIP: N/A<br>LEI: 5299005CHJZ14D4FDJ62       | Long             | EC               | CORP              | DE        |     91328 | NS      | $10738266.30  | 0.70%             |  |  |  | No            |                  2 | On Loan: No      |
| HSBC Holdings plc                              | HSBC Holdings plc                              | CUSIP: N/A<br>LEI: MLU0ZO3ML4LN2LL2TL39       | Long             | EC               | CORP              | GB        |   2852924 | NS      | $40263659.43  | 2.62%             |  |  |  | No            |                  2 | On Loan: No      |
| L'Oreal SA                                     | L'Oreal SA                                     | CUSIP: N/A<br>LEI: 529900JI1GG6F7RKVI53       | Long             | EC               | CORP              | FR        |     34497 | NS      | $14988502.28  | 0.98%             |  |  |  | No            |                  2 | On Loan: No      |
| Auto Trader Group plc                          | Auto Trader Group plc                          | CUSIP: N/A<br>LEI: 213800QLK9BZILB1DI86       | Long             | EC               | CORP              | GB        |    544937 | NS      | $5789023.04   | 0.38%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Swiss Re AG                                    | Swiss Re AG                                    | CUSIP: N/A<br>LEI: 529900PS9YW3YY29F326       | Long             | EC               | CORP              | CH        |    135796 | NS      | $25220976.71  | 1.64%             |  |  |  | No            |                  2 | On Loan: No      |
| SSE plc                                        | SSE plc                                        | CUSIP: N/A<br>LEI: 549300KI75VYLLMSK856       | Long             | EC               | CORP              | GB        |    511448 | NS      | $11996373.96  | 0.78%             |  |  |  | No            |                  2 | On Loan: No      |
| Xero Ltd.                                      | Xero Ltd.                                      | CUSIP: N/A<br>LEI: 254900UG5D8YST164N14       | Long             | EC               | CORP              | NZ        |     50943 | NS      | $5315653.70   | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| ASR Nederland NV                               | ASR Nederland NV                               | CUSIP: N/A<br>LEI: 7245000G0HS48PZWUD53       | Long             | EC               | CORP              | NL        |     44731 | NS      | $3043914.62   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Merck KGaA                                     | Merck KGaA                                     | CUSIP: N/A<br>LEI: 529900OAREIS0MOPTW25       | Long             | EC               | CORP              | DE        |    121675 | NS      | $15786686.85  | 1.03%             |  |  |  | No            |                  2 | On Loan: No      |
| United Overseas Bank Ltd.                      | United Overseas Bank Ltd.                      | CUSIP: N/A<br>LEI: IO66REGK3RCBAMA8HR66       | Long             | EC               | CORP              | SG        |    542500 | NS      | $14569083.48  | 0.95%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-10-30

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

**Signature:** Daniel Saltus

**Name of Signer:** Daniel Saltus

**Title:** Treasurer