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			<regLei>549300TD5R23SWU72456</regLei>
			<regStreet1>30 Penhallow St.</regStreet1>
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			<regCity>Portsmouth</regCity>
			<regStateConditional regCountry="US" regState="US-NH"/>
			<regZipOrPostalCode>03801</regZipOrPostalCode>
			<regPhone>800-767-1729</regPhone>
			<seriesName>Pax Global Environmental Markets Fund</seriesName>
			<seriesId>S000021458</seriesId>
			<seriesLei>5493004WSDJ280SE8M13</seriesLei>
			<repPdEnd>2020-12-31</repPdEnd>
			<repPdDate>2020-03-31</repPdDate>
			<isFinalFiling>N</isFinalFiling>
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			<totLiabs>5596049.42</totLiabs>
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			<assetsInvested>0</assetsInvested>
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				<isRestrictedSec>N</isRestrictedSec>

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				<lei>N/A</lei>
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					<isin value="US03662Q1058"/>
					<ticker value="ANSS"/>
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				<isRestrictedSec>N</isRestrictedSec>

				<fairValLevel>1</fairValLevel>
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			<invstOrSec>
				<name>APPLUS SERVICES SA</name>
				<lei>N/A</lei>
				<title>COMMON STOCK EUR.1</title>
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					<isin value="ES0105022000"/>
					<ticker value="APPS"/>
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				<invCountry>ES</invCountry>

				<isRestrictedSec>N</isRestrictedSec>

				<fairValLevel>2</fairValLevel>
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			<invstOrSec>
				<name>APTIV PLC</name>
				<lei>N/A</lei>
				<title>COMMON STOCK USD.01</title>
				<cusip>G6095L109</cusip>
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					<isin value="JE00B783TY65"/>
					<ticker value="APTV"/>
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				<assetCat>EC</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>IE</invCountry>

				<isRestrictedSec>N</isRestrictedSec>

				<fairValLevel>1</fairValLevel>
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			<invstOrSec>
				<name>AUTODESK INC</name>
				<lei>N/A</lei>
				<title>COMMON STOCK USD.01</title>
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					<isin value="US0527691069"/>
					<ticker value="ADSK"/>
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				<curCd>USD</curCd>
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				<assetCat>EC</assetCat>
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				<invCountry>US</invCountry>

				<isRestrictedSec>N</isRestrictedSec>

				<fairValLevel>1</fairValLevel>
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				<name>BEIJING ENTERPRISES WATER GR</name>
				<lei>N/A</lei>
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				<isRestrictedSec>N</isRestrictedSec>

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				<isRestrictedSec>N</isRestrictedSec>

				<fairValLevel>2</fairValLevel>
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				<assetCat>EC</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>GB</invCountry>

				<isRestrictedSec>N</isRestrictedSec>

				<fairValLevel>2</fairValLevel>
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				<isRestrictedSec>N</isRestrictedSec>

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			<invstOrSec>
				<name>DEERE + CO</name>
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				<title>COMMON STOCK USD1.0</title>
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				<assetCat>EC</assetCat>
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				<isRestrictedSec>N</isRestrictedSec>

				<fairValLevel>1</fairValLevel>
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				<name>DELTA ELECTRONICS INC</name>
				<lei>N/A</lei>
				<title>COMMON STOCK TWD10.</title>
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					<ticker value="2308"/>
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				<assetCat>EC</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>TW</invCountry>

				<isRestrictedSec>N</isRestrictedSec>

				<fairValLevel>2</fairValLevel>
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				<name>EAST JAPAN RAILWAY CO</name>
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				<title>COMMON STOCK</title>
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					<ticker value="9020"/>
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				<issuerCat>CORP</issuerCat>
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				<isRestrictedSec>N</isRestrictedSec>

				<fairValLevel>2</fairValLevel>
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				<name>ECOLAB INC</name>
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				<title>COMMON STOCK USD1.0</title>
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				<assetCat>EC</assetCat>
				<issuerCat>CORP</issuerCat>
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				<isRestrictedSec>N</isRestrictedSec>

				<fairValLevel>1</fairValLevel>
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			<invstOrSec>
				<name>EQUINIX INC</name>
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				<title>REIT USD.001</title>
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					<ticker value="EQIX"/>
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				<assetCat>RE</assetCat>
				<issuerCat>RF</issuerCat>
				<invCountry>US</invCountry>

				<isRestrictedSec>N</isRestrictedSec>

				<fairValLevel>1</fairValLevel>
				<securityLending>
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				<name>FERGUSON PLC</name>
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				<title>COMMON STOCK GBP.1</title>
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				<assetCat>EC</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>GB</invCountry>

				<isRestrictedSec>N</isRestrictedSec>

				<fairValLevel>2</fairValLevel>
				<securityLending>
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					<isLoanByFund>N</isLoanByFund>
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			</invstOrSec>
			<invstOrSec>
				<name>FISCHER (GEORG) REG</name>
				<lei>N/A</lei>
				<title>COMMON STOCK CHF1.0</title>
				<cusip>434178000</cusip>
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					<ticker value="FI-N"/>
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				<assetCat>EC</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>CH</invCountry>

				<isRestrictedSec>N</isRestrictedSec>

				<fairValLevel>2</fairValLevel>
				<securityLending>
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					<isNonCashCollateral>N</isNonCashCollateral>
					<isLoanByFund>N</isLoanByFund>
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			<invstOrSec>
				<name>GEA GROUP AG</name>
				<lei>N/A</lei>
				<title>COMMON STOCK</title>
				<cusip>455710905</cusip>
				<identifiers>
					<isin value="DE0006602006"/>
					<ticker value="G1A"/>
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				<assetCat>EC</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>DE</invCountry>

				<isRestrictedSec>N</isRestrictedSec>

				<fairValLevel>2</fairValLevel>
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					<isNonCashCollateral>N</isNonCashCollateral>
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			</invstOrSec>
			<invstOrSec>
				<name>HUBBELL INC</name>
				<lei>N/A</lei>
				<title>COMMON STOCK USD.01</title>
				<cusip>443510607</cusip>
				<identifiers>
					<isin value="US4435106079"/>
					<ticker value="HUBB"/>
				</identifiers>
				<balance>172721</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>19818007.54</valUSD>
				<pctVal>2.3920851537</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>EC</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>US</invCountry>

				<isRestrictedSec>N</isRestrictedSec>

				<fairValLevel>1</fairValLevel>
				<securityLending>
					<isCashCollateral>N</isCashCollateral>
					<isNonCashCollateral>N</isNonCashCollateral>
					<isLoanByFund>N</isLoanByFund>
				</securityLending>
			</invstOrSec>
			<invstOrSec>
				<name>IDEX CORP</name>
				<lei>N/A</lei>
				<title>COMMON STOCK USD.01</title>
				<cusip>45167R104</cusip>
				<identifiers>
					<isin value="US45167R1041"/>
					<ticker value="IEX"/>
				</identifiers>
				<balance>194083</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>26804803.13</valUSD>
				<pctVal>3.2354095883</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>EC</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>US</invCountry>

				<isRestrictedSec>N</isRestrictedSec>

				<fairValLevel>1</fairValLevel>
				<securityLending>
					<isCashCollateral>N</isCashCollateral>
					<isNonCashCollateral>N</isNonCashCollateral>
					<isLoanByFund>N</isLoanByFund>
				</securityLending>
			</invstOrSec>
			<invstOrSec>
				<name>INTERTEK GROUP PLC</name>
				<lei>N/A</lei>
				<title>COMMON STOCK GBP.01</title>
				<cusip>316383900</cusip>
				<identifiers>
					<isin value="GB0031638363"/>
					<ticker value="ITRK"/>
				</identifiers>
				<balance>334461</balance>
				<units>NS</units>
				<currencyConditional curCd="GBP" exchangeRt="0.805087999919"/>
				<valUSD>19540902.04</valUSD>
				<pctVal>2.3586377978</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>EC</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>GB</invCountry>

				<isRestrictedSec>N</isRestrictedSec>

				<fairValLevel>2</fairValLevel>
				<securityLending>
					<isCashCollateral>N</isCashCollateral>
					<isNonCashCollateral>N</isNonCashCollateral>
					<isLoanByFund>N</isLoanByFund>
				</securityLending>
			</invstOrSec>
			<invstOrSec>
				<name>KEYENCE CORP</name>
				<lei>N/A</lei>
				<title>COMMON STOCK</title>
				<cusip>649099009</cusip>
				<identifiers>
					<isin value="JP3236200006"/>
					<ticker value="6861"/>
				</identifiers>
				<balance>41500</balance>
				<units>NS</units>
				<currencyConditional curCd="JPY" exchangeRt="107.524999996122"/>
				<valUSD>13342764.67</valUSD>
				<pctVal>1.6105064655</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>EC</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>JP</invCountry>

				<isRestrictedSec>N</isRestrictedSec>

				<fairValLevel>2</fairValLevel>
				<securityLending>
					<isCashCollateral>N</isCashCollateral>
					<isNonCashCollateral>N</isNonCashCollateral>
					<isLoanByFund>N</isLoanByFund>
				</securityLending>
			</invstOrSec>
			<invstOrSec>
				<name>KINGSPAN GROUP PLC</name>
				<lei>N/A</lei>
				<title>COMMON STOCK EUR.13</title>
				<cusip>449123900</cusip>
				<identifiers>
					<isin value="IE0004927939"/>
					<ticker value="KRX"/>
				</identifiers>
				<balance>238794</balance>
				<units>NS</units>
				<currencyConditional curCd="EUR" exchangeRt="0.90670100011"/>
				<valUSD>12876844.14</valUSD>
				<pctVal>1.5542686434</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>EC</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>IE</invCountry>

				<isRestrictedSec>N</isRestrictedSec>

				<fairValLevel>2</fairValLevel>
				<securityLending>
					<isCashCollateral>N</isCashCollateral>
					<isNonCashCollateral>N</isNonCashCollateral>
					<isLoanByFund>N</isLoanByFund>
				</securityLending>
			</invstOrSec>
			<invstOrSec>
				<name>KONINKLIJKE DSM NV</name>
				<lei>N/A</lei>
				<title>COMMON STOCK EUR1.5</title>
				<cusip>B0HZL9902</cusip>
				<identifiers>
					<isin value="NL0000009827"/>
					<ticker value="DSM"/>
				</identifiers>
				<balance>201795</balance>
				<units>NS</units>
				<currencyConditional curCd="EUR" exchangeRt="0.906700999869"/>
				<valUSD>22699667.06</valUSD>
				<pctVal>2.7399089671</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>EC</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>NL</invCountry>

				<isRestrictedSec>N</isRestrictedSec>

				<fairValLevel>2</fairValLevel>
				<securityLending>
					<isCashCollateral>N</isCashCollateral>
					<isNonCashCollateral>N</isNonCashCollateral>
					<isLoanByFund>N</isLoanByFund>
				</securityLending>
			</invstOrSec>
			<invstOrSec>
				<name>KUBOTA CORP</name>
				<lei>N/A</lei>
				<title>COMMON STOCK</title>
				<cusip>649750007</cusip>
				<identifiers>
					<isin value="JP3266400005"/>
					<ticker value="6326"/>
				</identifiers>
				<balance>1530100</balance>
				<units>NS</units>
				<currencyConditional curCd="JPY" exchangeRt="107.524999990764"/>
				<valUSD>19461399.79</valUSD>
				<pctVal>2.349041669</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>EC</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>JP</invCountry>

				<isRestrictedSec>N</isRestrictedSec>

				<fairValLevel>2</fairValLevel>
				<securityLending>
					<isCashCollateral>N</isCashCollateral>
					<isNonCashCollateral>N</isNonCashCollateral>
					<isLoanByFund>N</isLoanByFund>
				</securityLending>
			</invstOrSec>
			<invstOrSec>
				<name>LINDE PLC</name>
				<lei>N/A</lei>
				<title>COMMON STOCK EUR.001</title>
				<cusip>G5494J103</cusip>
				<identifiers>
					<isin value="IE00BZ12WP82"/>
					<ticker value="LIN"/>
				</identifiers>
				<balance>168981</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>29233713</valUSD>
				<pctVal>3.5285853391</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>EC</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>GB</invCountry>

				<isRestrictedSec>N</isRestrictedSec>

				<fairValLevel>1</fairValLevel>
				<securityLending>
					<isCashCollateral>N</isCashCollateral>
					<isNonCashCollateral>N</isNonCashCollateral>
					<isLoanByFund>N</isLoanByFund>
				</securityLending>
			</invstOrSec>
			<invstOrSec>
				<name>METTLER TOLEDO INTERNATIONAL</name>
				<lei>N/A</lei>
				<title>COMMON STOCK USD.01</title>
				<cusip>592688105</cusip>
				<identifiers>
					<isin value="US5926881054"/>
					<ticker value="MTD"/>
				</identifiers>
				<balance>27917</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>19276967.67</valUSD>
				<pctVal>2.3267802315</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>EC</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>US</invCountry>

				<isRestrictedSec>N</isRestrictedSec>

				<fairValLevel>1</fairValLevel>
				<securityLending>
					<isCashCollateral>N</isCashCollateral>
					<isNonCashCollateral>N</isNonCashCollateral>
					<isLoanByFund>N</isLoanByFund>
				</securityLending>
			</invstOrSec>
			<invstOrSec>
				<name>PENNON GROUP PLC</name>
				<lei>N/A</lei>
				<title>COMMON STOCK GBP.407</title>
				<cusip>B18V86900</cusip>
				<identifiers>
					<isin value="GB00B18V8630"/>
					<ticker value="PNN"/>
				</identifiers>
				<balance>1350612</balance>
				<units>NS</units>
				<currencyConditional curCd="GBP" exchangeRt="0.805088000222"/>
				<valUSD>18059261.79</valUSD>
				<pctVal>2.1797999586</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>EC</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>GB</invCountry>

				<isRestrictedSec>N</isRestrictedSec>

				<fairValLevel>2</fairValLevel>
				<securityLending>
					<isCashCollateral>N</isCashCollateral>
					<isNonCashCollateral>N</isNonCashCollateral>
					<isLoanByFund>N</isLoanByFund>
				</securityLending>
			</invstOrSec>
			<invstOrSec>
				<name>PENTAIR PLC</name>
				<lei>N/A</lei>
				<title>COMMON STOCK USD.01</title>
				<cusip>G7S00T104</cusip>
				<identifiers>
					<isin value="IE00BLS09M33"/>
					<ticker value="PNR"/>
				</identifiers>
				<balance>539297</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>16049478.72</valUSD>
				<pctVal>1.9372139048</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>EC</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>GB</invCountry>

				<isRestrictedSec>N</isRestrictedSec>

				<fairValLevel>1</fairValLevel>
				<securityLending>
					<isCashCollateral>N</isCashCollateral>
					<isNonCashCollateral>N</isNonCashCollateral>
					<isLoanByFund>N</isLoanByFund>
				</securityLending>
			</invstOrSec>
			<invstOrSec>
				<name>PTC INC</name>
				<lei>N/A</lei>
				<title>COMMON STOCK USD.01</title>
				<cusip>69370C100</cusip>
				<identifiers>
					<isin value="US69370C1009"/>
					<ticker value="PTC"/>
				</identifiers>
				<balance>257057</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>15734458.97</valUSD>
				<pctVal>1.8991902</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>EC</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>US</invCountry>

				<isRestrictedSec>N</isRestrictedSec>

				<fairValLevel>1</fairValLevel>
				<securityLending>
					<isCashCollateral>N</isCashCollateral>
					<isNonCashCollateral>N</isNonCashCollateral>
					<isLoanByFund>N</isLoanByFund>
				</securityLending>
			</invstOrSec>
			<invstOrSec>
				<name>ROCKWELL AUTOMATION INC</name>
				<lei>N/A</lei>
				<title>COMMON STOCK USD1.0</title>
				<cusip>773903109</cusip>
				<identifiers>
					<isin value="US7739031091"/>
					<ticker value="ROK"/>
				</identifiers>
				<balance>122627</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>18505640.57</valUSD>
				<pctVal>2.2336790406</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>EC</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>US</invCountry>

				<isRestrictedSec>N</isRestrictedSec>

				<fairValLevel>1</fairValLevel>
				<securityLending>
					<isCashCollateral>N</isCashCollateral>
					<isNonCashCollateral>N</isNonCashCollateral>
					<isLoanByFund>N</isLoanByFund>
				</securityLending>
			</invstOrSec>
			<invstOrSec>
				<name>SAP SE</name>
				<lei>N/A</lei>
				<title>COMMON STOCK</title>
				<cusip>484628904</cusip>
				<identifiers>
					<isin value="DE0007164600"/>
					<ticker value="SAP"/>
				</identifiers>
				<balance>102411</balance>
				<units>NS</units>
				<currencyConditional curCd="EUR" exchangeRt="0.906701000369"/>
				<valUSD>11433974.15</valUSD>
				<pctVal>1.3801104757</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>EC</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>DE</invCountry>

				<isRestrictedSec>N</isRestrictedSec>

				<fairValLevel>2</fairValLevel>
				<securityLending>
					<isCashCollateral>N</isCashCollateral>
					<isNonCashCollateral>N</isNonCashCollateral>
					<isLoanByFund>N</isLoanByFund>
				</securityLending>
			</invstOrSec>
			<invstOrSec>
				<name>SCHNEIDER ELECTRIC SE</name>
				<lei>N/A</lei>
				<title>COMMON STOCK EUR4.0</title>
				<cusip>483410007</cusip>
				<identifiers>
					<isin value="FR0000121972"/>
					<ticker value="SU"/>
				</identifiers>
				<balance>323800</balance>
				<units>NS</units>
				<currencyConditional curCd="EUR" exchangeRt="0.906701000066"/>
				<valUSD>27368498.61</valUSD>
				<pctVal>3.3034491017</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>EC</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>FR</invCountry>

				<isRestrictedSec>N</isRestrictedSec>

				<fairValLevel>2</fairValLevel>
				<securityLending>
					<isCashCollateral>N</isCashCollateral>
					<isNonCashCollateral>N</isNonCashCollateral>
					<isLoanByFund>N</isLoanByFund>
				</securityLending>
			</invstOrSec>
			<invstOrSec>
				<name>SEALED AIR CORP</name>
				<lei>N/A</lei>
				<title>COMMON STOCK USD.1</title>
				<cusip>81211K100</cusip>
				<identifiers>
					<isin value="US81211K1007"/>
					<ticker value="SEE"/>
				</identifiers>
				<balance>326958</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>8079132.18</valUSD>
				<pctVal>0.9751723075</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>EC</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>US</invCountry>

				<isRestrictedSec>N</isRestrictedSec>

				<fairValLevel>1</fairValLevel>
				<securityLending>
					<isCashCollateral>N</isCashCollateral>
					<isNonCashCollateral>N</isNonCashCollateral>
					<isLoanByFund>N</isLoanByFund>
				</securityLending>
			</invstOrSec>
			<invstOrSec>
				<name>SEKISUI CHEMICAL CO LTD</name>
				<lei>N/A</lei>
				<title>COMMON STOCK</title>
				<cusip>679382002</cusip>
				<identifiers>
					<isin value="JP3419400001"/>
					<ticker value="4204"/>
				</identifiers>
				<balance>725800</balance>
				<units>NS</units>
				<currencyConditional curCd="JPY" exchangeRt="107.524999966324"/>
				<valUSD>9561750.48</valUSD>
				<pctVal>1.1541281999</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>EC</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>JP</invCountry>

				<isRestrictedSec>N</isRestrictedSec>

				<fairValLevel>2</fairValLevel>
				<securityLending>
					<isCashCollateral>N</isCashCollateral>
					<isNonCashCollateral>N</isNonCashCollateral>
					<isLoanByFund>N</isLoanByFund>
				</securityLending>
			</invstOrSec>
			<invstOrSec>
				<name>SIEMENS AG REG</name>
				<lei>N/A</lei>
				<title>COMMON STOCK NPV</title>
				<cusip>572797900</cusip>
				<identifiers>
					<isin value="DE0007236101"/>
					<ticker value="SIE"/>
				</identifiers>
				<balance>234595</balance>
				<units>NS</units>
				<currencyConditional curCd="EUR" exchangeRt="0.906700999775"/>
				<valUSD>19643813.82</valUSD>
				<pctVal>2.3710595178</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>EC</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>DE</invCountry>

				<isRestrictedSec>N</isRestrictedSec>

				<fairValLevel>2</fairValLevel>
				<securityLending>
					<isCashCollateral>N</isCashCollateral>
					<isNonCashCollateral>N</isNonCashCollateral>
					<isLoanByFund>N</isLoanByFund>
				</securityLending>
			</invstOrSec>
			<invstOrSec>
				<name>SPIRAX SARCO ENGINEERING PLC</name>
				<lei>N/A</lei>
				<title>COMMON STOCK GBP.269231</title>
				<cusip>BWFGQN900</cusip>
				<identifiers>
					<isin value="GB00BWFGQN14"/>
					<ticker value="SPX"/>
				</identifiers>
				<balance>82855</balance>
				<units>NS</units>
				<currencyConditional curCd="GBP" exchangeRt="0.805087999934"/>
				<valUSD>8318059.07</valUSD>
				<pctVal>1.0040114057</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>EC</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>GB</invCountry>

				<isRestrictedSec>N</isRestrictedSec>

				<fairValLevel>2</fairValLevel>
				<securityLending>
					<isCashCollateral>N</isCashCollateral>
					<isNonCashCollateral>N</isNonCashCollateral>
					<isLoanByFund>N</isLoanByFund>
				</securityLending>
			</invstOrSec>
			<invstOrSec>
				<name>SSC GOVERNMENT MM GVMXX</name>
				<lei>N/A</lei>
				<title>SSC GOVERNMENT MM GVMXX</title>
				<cusip>7839989D1</cusip>
				<identifiers>
					<other otherDesc="Additional identifier not available." value="N/A"/>
				</identifiers>
				<balance>1055294.72</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>1055294.72</valUSD>
				<pctVal>0.1273768227</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>STIV</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>US</invCountry>

				<isRestrictedSec>N</isRestrictedSec>

				<fairValLevel>1</fairValLevel>
				<securityLending>
					<isCashCollateral>N</isCashCollateral>
					<isNonCashCollateral>N</isNonCashCollateral>
					<isLoanByFund>N</isLoanByFund>
				</securityLending>
			</invstOrSec>
			<invstOrSec>
				<name>SUEZ</name>
				<lei>N/A</lei>
				<title>COMMON STOCK EUR4.0</title>
				<cusip>B3B8D0900</cusip>
				<identifiers>
					<isin value="FR0010613471"/>
					<ticker value="SEV"/>
				</identifiers>
				<balance>2507337</balance>
				<units>NS</units>
				<currencyConditional curCd="EUR" exchangeRt="0.906701000009"/>
				<valUSD>25472994.89</valUSD>
				<pctVal>3.0746568632</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>EC</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>FR</invCountry>

				<isRestrictedSec>N</isRestrictedSec>

				<fairValLevel>2</fairValLevel>
				<securityLending>
					<isCashCollateral>N</isCashCollateral>
					<isNonCashCollateral>N</isNonCashCollateral>
					<isLoanByFund>N</isLoanByFund>
				</securityLending>
			</invstOrSec>
			<invstOrSec>
				<name>TE CONNECTIVITY LTD</name>
				<lei>N/A</lei>
				<title>COMMON STOCK CHF.57</title>
				<cusip>H84989104</cusip>
				<identifiers>
					<isin value="CH0102993182"/>
					<ticker value="TEL"/>
				</identifiers>
				<balance>233757</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>14722015.86</valUSD>
				<pctVal>1.7769856783</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>EC</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>CH</invCountry>

				<isRestrictedSec>N</isRestrictedSec>

				<fairValLevel>1</fairValLevel>
				<securityLending>
					<isCashCollateral>N</isCashCollateral>
					<isNonCashCollateral>N</isNonCashCollateral>
					<isLoanByFund>N</isLoanByFund>
				</securityLending>
			</invstOrSec>
			<invstOrSec>
				<name>TRANE TECHNOLOGIES PLC</name>
				<lei>N/A</lei>
				<title>COMMON STOCK USD1.0</title>
				<cusip>G8994E103</cusip>
				<identifiers>
					<isin value="IE00BK9ZQ967"/>
					<ticker value="TT"/>
				</identifiers>
				<balance>203503</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>16807312.77</valUSD>
				<pctVal>2.0286864494</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>EC</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>IE</invCountry>

				<isRestrictedSec>N</isRestrictedSec>

				<fairValLevel>1</fairValLevel>
				<securityLending>
					<isCashCollateral>N</isCashCollateral>
					<isNonCashCollateral>N</isNonCashCollateral>
					<isLoanByFund>N</isLoanByFund>
				</securityLending>
			</invstOrSec>
			<invstOrSec>
				<name>TRIMBLE INC</name>
				<lei>N/A</lei>
				<title>COMMON STOCK</title>
				<cusip>896239100</cusip>
				<identifiers>
					<isin value="US8962391004"/>
					<ticker value="TRMB"/>
				</identifiers>
				<balance>761390</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>24235043.7</valUSD>
				<pctVal>2.9252329286</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>EC</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>US</invCountry>

				<isRestrictedSec>N</isRestrictedSec>

				<fairValLevel>1</fairValLevel>
				<securityLending>
					<isCashCollateral>N</isCashCollateral>
					<isNonCashCollateral>N</isNonCashCollateral>
					<isLoanByFund>N</isLoanByFund>
				</securityLending>
			</invstOrSec>
			<invstOrSec>
				<name>UMICORE</name>
				<lei>N/A</lei>
				<title>COMMON STOCK</title>
				<cusip>ACI0Y2NL2</cusip>
				<identifiers>
					<isin value="BE0974320526"/>
					<ticker value="UMI"/>
				</identifiers>
				<balance>295027</balance>
				<units>NS</units>
				<currencyConditional curCd="EUR" exchangeRt="0.906700999692"/>
				<valUSD>10175842.58</valUSD>
				<pctVal>1.2282507166</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>EC</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>BE</invCountry>

				<isRestrictedSec>N</isRestrictedSec>

				<fairValLevel>2</fairValLevel>
				<securityLending>
					<isCashCollateral>N</isCashCollateral>
					<isNonCashCollateral>N</isNonCashCollateral>
					<isLoanByFund>N</isLoanByFund>
				</securityLending>
			</invstOrSec>
			<invstOrSec>
				<name>VITASOY INTL HOLDINGS LTD</name>
				<lei>N/A</lei>
				<title>COMMON STOCK</title>
				<cusip>692759905</cusip>
				<identifiers>
					<isin value="HK0345001611"/>
					<ticker value="345"/>
				</identifiers>
				<balance>2286000</balance>
				<units>NS</units>
				<currencyConditional curCd="HKD" exchangeRt="7.752749994914"/>
				<valUSD>6879454.54</valUSD>
				<pctVal>0.8303680901</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>EC</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>HK</invCountry>

				<isRestrictedSec>N</isRestrictedSec>

				<fairValLevel>2</fairValLevel>
				<securityLending>
					<isCashCollateral>N</isCashCollateral>
					<isNonCashCollateral>N</isNonCashCollateral>
					<isLoanByFund>N</isLoanByFund>
				</securityLending>
			</invstOrSec>
			<invstOrSec>
				<name>WASTE MANAGEMENT INC</name>
				<lei>N/A</lei>
				<title>COMMON STOCK USD.01</title>
				<cusip>94106L109</cusip>
				<identifiers>
					<isin value="US94106L1098"/>
					<ticker value="WM"/>
				</identifiers>
				<balance>283994</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>26286484.64</valUSD>
				<pctVal>3.1728471959</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>EC</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>US</invCountry>

				<isRestrictedSec>N</isRestrictedSec>

				<fairValLevel>1</fairValLevel>
				<securityLending>
					<isCashCollateral>N</isCashCollateral>
					<isNonCashCollateral>N</isNonCashCollateral>
					<isLoanByFund>N</isLoanByFund>
				</securityLending>
			</invstOrSec>
			<invstOrSec>
				<name>WATERS CORP</name>
				<lei>N/A</lei>
				<title>COMMON STOCK USD.01</title>
				<cusip>941848103</cusip>
				<identifiers>
					<isin value="US9418481035"/>
					<ticker value="WAT"/>
				</identifiers>
				<balance>118956</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>21655939.8</valUSD>
				<pctVal>2.613928367</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>EC</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>US</invCountry>

				<isRestrictedSec>N</isRestrictedSec>

				<fairValLevel>1</fairValLevel>
				<securityLending>
					<isCashCollateral>N</isCashCollateral>
					<isNonCashCollateral>N</isNonCashCollateral>
					<isLoanByFund>N</isLoanByFund>
				</securityLending>
			</invstOrSec>
			<invstOrSec>
				<name>WELBILT INC</name>
				<lei>N/A</lei>
				<title>COMMON STOCK USD.01</title>
				<cusip>949090104</cusip>
				<identifiers>
					<isin value="US9490901041"/>
					<ticker value="WBT"/>
				</identifiers>
				<balance>784022</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>4022032.86</valUSD>
				<pctVal>0.4854698472</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>EC</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>US</invCountry>

				<isRestrictedSec>N</isRestrictedSec>

				<fairValLevel>1</fairValLevel>
				<securityLending>
					<isCashCollateral>N</isCashCollateral>
					<isNonCashCollateral>N</isNonCashCollateral>
					<isLoanByFund>N</isLoanByFund>
				</securityLending>
			</invstOrSec>
			<invstOrSec>
				<name>WESTROCK CO</name>
				<lei>N/A</lei>
				<title>COMMON STOCK</title>
				<cusip>96145D105</cusip>
				<identifiers>
					<isin value="US96145D1054"/>
					<ticker value="WRK"/>
				</identifiers>
				<balance>605055</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>17098854.3</valUSD>
				<pctVal>2.0638762718</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>EC</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>US</invCountry>

				<isRestrictedSec>N</isRestrictedSec>

				<fairValLevel>1</fairValLevel>
				<securityLending>
					<isCashCollateral>N</isCashCollateral>
					<isNonCashCollateral>N</isNonCashCollateral>
					<isLoanByFund>N</isLoanByFund>
				</securityLending>
			</invstOrSec>
			<invstOrSec>
				<name>XYLEM INC</name>
				<lei>N/A</lei>
				<title>COMMON STOCK</title>
				<cusip>98419M100</cusip>
				<identifiers>
					<isin value="US98419M1009"/>
					<ticker value="XYL"/>
				</identifiers>
				<balance>312475</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>20351496.75</valUSD>
				<pctVal>2.4564786916</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>EC</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>US</invCountry>

				<isRestrictedSec>N</isRestrictedSec>

				<fairValLevel>1</fairValLevel>
				<securityLending>
					<isCashCollateral>N</isCashCollateral>
					<isNonCashCollateral>N</isNonCashCollateral>
					<isLoanByFund>N</isLoanByFund>
				</securityLending>
			</invstOrSec>
			<invstOrSec>
				<name>ZHUZHOU CRRC TIMES ELECTRI H</name>
				<lei>N/A</lei>
				<title>COMMON STOCK CNY1.0</title>
				<cusip>B1L3XL906</cusip>
				<identifiers>
					<isin value="CNE1000004X4"/>
					<ticker value="3898"/>
				</identifiers>
				<balance>6153600</balance>
				<units>NS</units>
				<currencyConditional curCd="HKD" exchangeRt="7.752749998967"/>
				<valUSD>18228974.12</valUSD>
				<pctVal>2.2002846791</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>EC</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>CN</invCountry>

				<isRestrictedSec>N</isRestrictedSec>

				<fairValLevel>2</fairValLevel>
				<securityLending>
					<isCashCollateral>N</isCashCollateral>
					<isNonCashCollateral>N</isNonCashCollateral>
					<isLoanByFund>N</isLoanByFund>
				</securityLending>
			</invstOrSec>
		</invstOrSecs>
		<signature>
			<ncom:dateSigned>2020-05-29</ncom:dateSigned>
			<ncom:nameOfApplicant>PAX WORLD FUNDS SERIES TRUST I</ncom:nameOfApplicant>
			<ncom:signature>/s/ Alicia DuBois</ncom:signature>
			<ncom:signerName>Alicia DuBois</ncom:signerName>
			<ncom:title>Treasurer</ncom:title>
		</signature>
	</formData>
	<documents>XXXX</documents>
</edgarSubmission>
