<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/nport" xmlns:com="http://www.sec.gov/edgar/common" xmlns:ncom="http://www.sec.gov/edgar/nportcommon" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.sec.gov/edgar/nport eis_NPORT_Filer.xsd">
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		<isConfidential>false</isConfidential>
		<filerInfo>

			<filer>
				<issuerCredentials>
					<cik>0000076721</cik>
					<ccc>XXXXXXXX</ccc>
				</issuerCredentials>
			</filer>

			<seriesClassInfo>
				<seriesId>S000021459</seriesId>
				<classId>C000061360</classId>
				<classId>C000061361</classId>
				<classId>C000128850</classId>
			</seriesClassInfo>


		</filerInfo>
	</headerData>
	<formData>
		<genInfo>
			<regName>PAX WORLD FUNDS SERIES TRUST I</regName>
			<regFileNumber>811-02064</regFileNumber>
			<regCik>0000076721</regCik>
			<regLei>549300TD5R23SWU72456</regLei>
			<regStreet1>30 Penhallow St.</regStreet1>
			<regStreet2>Suite 400</regStreet2>
			<regCity>Portsmouth</regCity>
			<regStateConditional regCountry="US" regState="US-NH"/>
			<regZipOrPostalCode>03801</regZipOrPostalCode>
			<regPhone>800-767-1729</regPhone>
			<seriesName>Pax Small Cap Fund</seriesName>
			<seriesId>S000021459</seriesId>
			<seriesLei>549300GOOKRMB3XGNR17</seriesLei>
			<repPdEnd>2020-12-31</repPdEnd>
			<repPdDate>2020-03-31</repPdDate>
			<isFinalFiling>N</isFinalFiling>
		</genInfo>
		<fundInfo>
			<totAssets>313409450.43</totAssets>
			<totLiabs>540542.96</totLiabs>
			<netAssets>312868907.47</netAssets>
			<assetsAttrMiscSec>0</assetsAttrMiscSec>
			<assetsInvested>0</assetsInvested>
			<amtPayOneYrBanksBorr>0</amtPayOneYrBanksBorr>
			<amtPayOneYrCtrldComp>0</amtPayOneYrCtrldComp>
			<amtPayOneYrOthAffil>0</amtPayOneYrOthAffil>
			<amtPayOneYrOther>0</amtPayOneYrOther>
			<amtPayAftOneYrBanksBorr>0</amtPayAftOneYrBanksBorr>
			<amtPayAftOneYrCtrldComp>0</amtPayAftOneYrCtrldComp>
			<amtPayAftOneYrOthAffil>0</amtPayAftOneYrOthAffil>
			<amtPayAftOneYrOther>0</amtPayAftOneYrOther>
			<delayDeliv>0</delayDeliv>
			<standByCommit>0</standByCommit>
			<liquidPref>0</liquidPref>
			<cshNotRptdInCorD>67364.78</cshNotRptdInCorD>
			<borrowers>
				<borrower aggrVal="2159533.05" lei="G5GSEF7VJP5I7OUK5573" name="BARCLAYS BANK PLC"/>
				<borrower aggrVal="1551844.8" lei="N/A" name="BOFA SECURITIES, INC."/>
				<borrower aggrVal="631283.32" lei="N/A" name="NATIONAL FINANCIAL SERVICES LLC"/>
			</borrowers>
			<aggregateCondition isNonCashCollateral="Y">
				<aggregateInfos>
					<aggregateInfo amt="1438348.29" collatrl="1570379.69">
						<invstCat>UST</invstCat>
					</aggregateInfo>
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			</aggregateCondition>
			<returnInfo>
				<monthlyTotReturns>
					<monthlyTotReturn classId="C000061360" rtn1="-21.3" rtn2="-7.96" rtn3="-2.32"/>
					<monthlyTotReturn classId="C000061361" rtn1="-21.31" rtn2="-7.94" rtn3="-2.29"/>
					<monthlyTotReturn classId="C000128850" rtn1="-21.35" rtn2="-7.97" rtn3="-2.26"/>
				</monthlyTotReturns>
				<monthlyReturnCats/>
				<othMon1 netRealizedGain="-5253666.08" netUnrealizedAppr="-79142017.85"/>
				<othMon2 netRealizedGain="1363307.89" netUnrealizedAppr="-34365754.1"/>
				<othMon3 netRealizedGain="4927588.78" netUnrealizedAppr="-14437258.03"/>
			</returnInfo>
			<mon1Flow redemption="17438170.13" reinvestment="0" sales="34121960.22"/>
			<mon2Flow redemption="11687051.11" reinvestment="0" sales="6971602.73"/>
			<mon3Flow redemption="9686497.71" reinvestment="0" sales="7170951.4"/>
		</fundInfo>
		<invstOrSecs>
			<invstOrSec>
				<name>8X8 INC</name>
				<lei>N/A</lei>
				<title>COMMON STOCK USD.001</title>
				<cusip>282914100</cusip>
				<identifiers>
					<isin value="US2829141009"/>
					<ticker value="EGHT"/>
				</identifiers>
				<balance>50000</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>693000</valUSD>
				<pctVal>0.2214985201</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>
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			<invstOrSec>
				<name>CAE INC</name>
				<lei>N/A</lei>
				<title>COMMON STOCK</title>
				<cusip>124765959</cusip>
				<identifiers>
					<isin value="CA1247651088"/>
					<ticker value="CAE"/>
				</identifiers>
				<balance>220000</balance>
				<units>NS</units>
				<currencyConditional curCd="CAD" exchangeRt="1.407300002175"/>
				<valUSD>2781070.13</valUSD>
				<pctVal>0.8888930998</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>EC</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>CA</invCountry>

				<isRestrictedSec>N</isRestrictedSec>

				<fairValLevel>1</fairValLevel>
				<securityLending>
					<isCashCollateral>N</isCashCollateral>
					<isNonCashCollateral>N</isNonCashCollateral>
					<isLoanByFund>N</isLoanByFund>
				</securityLending>
			</invstOrSec>
			<invstOrSec>
				<name>CALLAWAY GOLF COMPANY</name>
				<lei>N/A</lei>
				<title>COMMON STOCK USD.01</title>
				<cusip>131193104</cusip>
				<identifiers>
					<isin value="US1311931042"/>
					<ticker value="ELY"/>
				</identifiers>
				<balance>280400</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>2865688</valUSD>
				<pctVal>0.9159388906</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>CARTER S INC</name>
				<lei>N/A</lei>
				<title>COMMON STOCK USD.01</title>
				<cusip>146229109</cusip>
				<identifiers>
					<isin value="US1462291097"/>
					<ticker value="CRI"/>
				</identifiers>
				<balance>63804</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>4193836.92</valUSD>
				<pctVal>1.3404454134</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>CATCHMARK TIMBER TRUST INC A</name>
				<lei>N/A</lei>
				<title>REIT USD.01</title>
				<cusip>14912Y202</cusip>
				<identifiers>
					<isin value="US14912Y2028"/>
					<ticker value="CTT"/>
				</identifiers>
				<balance>936169</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>6759140.18</valUSD>
				<pctVal>2.160374527</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>RE</assetCat>
				<issuerCat>RF</issuerCat>
				<invCountry>US</invCountry>

				<isRestrictedSec>N</isRestrictedSec>

				<fairValLevel>1</fairValLevel>
				<securityLending>
					<isCashCollateral>N</isCashCollateral>
					<isNonCashCollateral>N</isNonCashCollateral>
					<isLoanByFund>N</isLoanByFund>
				</securityLending>
			</invstOrSec>
			<invstOrSec>
				<name>CENTERSTATE BANK CORP</name>
				<lei>N/A</lei>
				<title>COMMON STOCK USD.01</title>
				<cusip>15201P109</cusip>
				<identifiers>
					<isin value="US15201P1093"/>
					<ticker value="CSFL"/>
				</identifiers>
				<balance>293315</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>5053817.45</valUSD>
				<pctVal>1.6153146987</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>CIENA CORP</name>
				<lei>N/A</lei>
				<title>COMMON STOCK USD.01</title>
				<cusip>171779309</cusip>
				<identifiers>
					<isin value="US1717793095"/>
					<ticker value="CIEN"/>
				</identifiers>
				<balance>204129</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>8126375.49</valUSD>
				<pctVal>2.5973739467</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>CLARIVATE ANALYTICS PLC</name>
				<lei>N/A</lei>
				<title>COMMON STOCK USD.01</title>
				<cusip>G21810109</cusip>
				<identifiers>
					<isin value="JE00BJJN4441"/>
					<ticker value="CCC"/>
				</identifiers>
				<balance>324214</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>6727440.5</valUSD>
				<pctVal>2.1502425902</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>COHERUS BIOSCIENCES INC</name>
				<lei>N/A</lei>
				<title>COMMON STOCK USD.0001</title>
				<cusip>19249H103</cusip>
				<identifiers>
					<isin value="US19249H1032"/>
					<ticker value="CHRS"/>
				</identifiers>
				<balance>525000</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>8515500</valUSD>
				<pctVal>2.7217469671</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>COMFORT SYSTEMS USA INC</name>
				<lei>N/A</lei>
				<title>COMMON STOCK USD.01</title>
				<cusip>199908104</cusip>
				<identifiers>
					<isin value="US1999081045"/>
					<ticker value="FIX"/>
				</identifiers>
				<balance>168228</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>6148733.4</valUSD>
				<pctVal>1.9652746736</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>CUBESMART</name>
				<lei>N/A</lei>
				<title>REIT USD.01</title>
				<cusip>229663109</cusip>
				<identifiers>
					<isin value="US2296631094"/>
					<ticker value="CUBE"/>
				</identifiers>
				<balance>200000</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>5358000</valUSD>
				<pctVal>1.7125383418</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>RE</assetCat>
				<issuerCat>RF</issuerCat>
				<invCountry>US</invCountry>

				<isRestrictedSec>N</isRestrictedSec>

				<fairValLevel>1</fairValLevel>
				<securityLending>
					<isCashCollateral>N</isCashCollateral>
					<isNonCashCollateral>N</isNonCashCollateral>
					<isLoanByFund>N</isLoanByFund>
				</securityLending>
			</invstOrSec>
			<invstOrSec>
				<name>DIGI INTERNATIONAL INC</name>
				<lei>N/A</lei>
				<title>COMMON STOCK USD.01</title>
				<cusip>253798102</cusip>
				<identifiers>
					<isin value="US2537981027"/>
					<ticker value="DGII"/>
				</identifiers>
				<balance>200000</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>1908000</valUSD>
				<pctVal>0.6098400814</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>DUNKIN  BRANDS GROUP INC</name>
				<lei>N/A</lei>
				<title>COMMON STOCK USD.001</title>
				<cusip>265504100</cusip>
				<identifiers>
					<isin value="US2655041000"/>
					<ticker value="DNKN"/>
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				<balance>70000</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>3717000</valUSD>
				<pctVal>1.1880375171</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>EMCOR GROUP INC</name>
				<lei>N/A</lei>
				<title>COMMON STOCK USD.01</title>
				<cusip>29084Q100</cusip>
				<identifiers>
					<isin value="US29084Q1004"/>
					<ticker value="EME"/>
				</identifiers>
				<balance>100002</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>6132122.64</valUSD>
				<pctVal>1.9599654979</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>ETSY INC</name>
				<lei>N/A</lei>
				<title>COMMON STOCK USD.001</title>
				<cusip>29786A106</cusip>
				<identifiers>
					<isin value="US29786A1060"/>
					<ticker value="ETSY"/>
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				<balance>39000</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>1499160</valUSD>
				<pctVal>0.4791655432</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>EVOQUA WATER TECHNOLOGIES CO</name>
				<lei>N/A</lei>
				<title>COMMON STOCK USD.01</title>
				<cusip>30057T105</cusip>
				<identifiers>
					<isin value="US30057T1051"/>
					<ticker value="AQUA"/>
				</identifiers>
				<balance>180000</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>2017800</valUSD>
				<pctVal>0.6449346521</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>FARO TECHNOLOGIES INC</name>
				<lei>N/A</lei>
				<title>COMMON STOCK USD.001</title>
				<cusip>311642102</cusip>
				<identifiers>
					<isin value="US3116421021"/>
					<ticker value="FARO"/>
				</identifiers>
				<balance>35000</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>1557500</valUSD>
				<pctVal>0.4978123306</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>FASTLY INC   CLASS A</name>
				<lei>N/A</lei>
				<title>COMMON STOCK USD.00002</title>
				<cusip>31188V100</cusip>
				<identifiers>
					<isin value="US31188V1008"/>
					<ticker value="FSLY"/>
				</identifiers>
				<balance>135000</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>2562300</valUSD>
				<pctVal>0.8189692037</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>FEDERAL SIGNAL CORP</name>
				<lei>N/A</lei>
				<title>COMMON STOCK USD1.0</title>
				<cusip>313855108</cusip>
				<identifiers>
					<isin value="US3138551086"/>
					<ticker value="FSS"/>
				</identifiers>
				<balance>80430</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>2194130.4</valUSD>
				<pctVal>0.7012938479</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>FLEX LTD</name>
				<lei>N/A</lei>
				<title>COMMON STOCK</title>
				<cusip>Y2573F102</cusip>
				<identifiers>
					<isin value="SG9999000020"/>
					<ticker value="FLEX"/>
				</identifiers>
				<balance>661100</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>5536712.5</valUSD>
				<pctVal>1.7696589107</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>FOUR CORNERS PROPERTY TRUST</name>
				<lei>N/A</lei>
				<title>REIT USD.0001</title>
				<cusip>35086T109</cusip>
				<identifiers>
					<isin value="US35086T1097"/>
					<ticker value="FCPT"/>
				</identifiers>
				<balance>145570</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>2723614.7</valUSD>
				<pctVal>0.8705290411</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>RE</assetCat>
				<issuerCat>RF</issuerCat>
				<invCountry>US</invCountry>

				<isRestrictedSec>N</isRestrictedSec>

				<fairValLevel>1</fairValLevel>
				<securityLending>
					<isCashCollateral>N</isCashCollateral>
					<isNonCashCollateral>N</isNonCashCollateral>
					<isLoanByFund>N</isLoanByFund>
				</securityLending>
			</invstOrSec>
			<invstOrSec>
				<name>GREAT LAKES DREDGE + DOCK CO</name>
				<lei>N/A</lei>
				<title>COMMON STOCK USD.0001</title>
				<cusip>390607109</cusip>
				<identifiers>
					<isin value="US3906071093"/>
					<ticker value="GLDD"/>
				</identifiers>
				<balance>434453</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>3605959.9</valUSD>
				<pctVal>1.1525465823</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>HEALTHCARE REALTY TRUST INC</name>
				<lei>N/A</lei>
				<title>REIT USD.01</title>
				<cusip>421946104</cusip>
				<identifiers>
					<isin value="US4219461047"/>
					<ticker value="HR"/>
				</identifiers>
				<balance>180720</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>5047509.6</valUSD>
				<pctVal>1.6132985667</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>RE</assetCat>
				<issuerCat>RF</issuerCat>
				<invCountry>US</invCountry>

				<isRestrictedSec>N</isRestrictedSec>

				<fairValLevel>1</fairValLevel>
				<securityLending>
					<isCashCollateral>N</isCashCollateral>
					<isNonCashCollateral>N</isNonCashCollateral>
					<isLoanByFund>N</isLoanByFund>
				</securityLending>
			</invstOrSec>
			<invstOrSec>
				<name>HOMETRUST BANCSHARES INC</name>
				<lei>N/A</lei>
				<title>COMMON STOCK</title>
				<cusip>437872104</cusip>
				<identifiers>
					<isin value="US4378721041"/>
					<ticker value="HTBI"/>
				</identifiers>
				<balance>937936</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>14931941.12</valUSD>
				<pctVal>4.7725871007</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>HORIZON THERAPEUTICS PLC</name>
				<lei>N/A</lei>
				<title>COMMON STOCK USD.0001</title>
				<cusip>G46188101</cusip>
				<identifiers>
					<isin value="IE00BQPVQZ61"/>
					<ticker value="HZNP"/>
				</identifiers>
				<balance>200000</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>5924000</valUSD>
				<pctVal>1.893444781</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>EC</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>US</invCountry>

				<isRestrictedSec>N</isRestrictedSec>

				<fairValLevel>1</fairValLevel>
				<securityLending>
					<isCashCollateral>N</isCashCollateral>
					<nonCashCollateralCondition isNonCashCollateral="Y" nonCashCollateralVal="900000"/>
					<isLoanByFund>N</isLoanByFund>
				</securityLending>
			</invstOrSec>
			<invstOrSec>
				<name>INTEGRA LIFESCIENCES HOLDING</name>
				<lei>N/A</lei>
				<title>COMMON STOCK USD.01</title>
				<cusip>457985208</cusip>
				<identifiers>
					<isin value="US4579852082"/>
					<ticker value="IART"/>
				</identifiers>
				<balance>115000</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>5137050</valUSD>
				<pctVal>1.6419177097</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>KNOWLES CORP</name>
				<lei>N/A</lei>
				<title>COMMON STOCK USD.01</title>
				<cusip>49926D109</cusip>
				<identifiers>
					<isin value="US49926D1090"/>
					<ticker value="KN"/>
				</identifiers>
				<balance>250000</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>3345000</valUSD>
				<pctVal>1.0691378786</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>LIGAND PHARMACEUTICALS</name>
				<lei>N/A</lei>
				<title>COMMON STOCK USD.001</title>
				<cusip>53220K504</cusip>
				<identifiers>
					<isin value="US53220K5048"/>
					<ticker value="LGND"/>
				</identifiers>
				<balance>116829</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>8495804.88</valUSD>
				<pctVal>2.71545196</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>EC</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>US</invCountry>

				<isRestrictedSec>N</isRestrictedSec>

				<fairValLevel>1</fairValLevel>
				<securityLending>
					<isCashCollateral>N</isCashCollateral>
					<nonCashCollateralCondition isNonCashCollateral="Y" nonCashCollateralVal="1552485"/>
					<isLoanByFund>N</isLoanByFund>
				</securityLending>
			</invstOrSec>
			<invstOrSec>
				<name>LIONS GATE ENTERTAINMENT B</name>
				<lei>N/A</lei>
				<title>COMMON STOCK</title>
				<cusip>535919500</cusip>
				<identifiers>
					<isin value="CA5359195008"/>
					<ticker value="LGF.B"/>
				</identifiers>
				<balance>300000</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>1674000</valUSD>
				<pctVal>0.5350483733</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>LIVONGO HEALTH INC</name>
				<lei>N/A</lei>
				<title>COMMON STOCK</title>
				<cusip>539183103</cusip>
				<identifiers>
					<isin value="US5391831030"/>
					<ticker value="LVGO"/>
				</identifiers>
				<balance>210167</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>5996064.51</valUSD>
				<pctVal>1.9164782332</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>MAPLE LEAF FOODS INC</name>
				<lei>N/A</lei>
				<title>COMMON STOCK</title>
				<cusip>564905958</cusip>
				<identifiers>
					<isin value="CA5649051078"/>
					<ticker value="MFI"/>
				</identifiers>
				<balance>545800</balance>
				<units>NS</units>
				<currencyConditional curCd="CAD" exchangeRt="1.407300000682"/>
				<valUSD>9897545.65</valUSD>
				<pctVal>3.1634801074</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>EC</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>CA</invCountry>

				<isRestrictedSec>N</isRestrictedSec>

				<fairValLevel>1</fairValLevel>
				<securityLending>
					<isCashCollateral>N</isCashCollateral>
					<isNonCashCollateral>N</isNonCashCollateral>
					<isLoanByFund>N</isLoanByFund>
				</securityLending>
			</invstOrSec>
			<invstOrSec>
				<name>MASTEC INC</name>
				<lei>N/A</lei>
				<title>COMMON STOCK USD.1</title>
				<cusip>576323109</cusip>
				<identifiers>
					<isin value="US5763231090"/>
					<ticker value="MTZ"/>
				</identifiers>
				<balance>121609</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>3980262.57</valUSD>
				<pctVal>1.2721822063</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>MERIDIAN BANCORP INC</name>
				<lei>N/A</lei>
				<title>COMMON STOCK</title>
				<cusip>58958U103</cusip>
				<identifiers>
					<isin value="US58958U1034"/>
					<ticker value="EBSB"/>
				</identifiers>
				<balance>1149930</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>12902214.6</valUSD>
				<pctVal>4.1238404622</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>MRC GLOBAL INC</name>
				<lei>N/A</lei>
				<title>COMMON STOCK USD.01</title>
				<cusip>55345K103</cusip>
				<identifiers>
					<isin value="US55345K1034"/>
					<ticker value="MRC"/>
				</identifiers>
				<balance>628702</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>2678270.52</valUSD>
				<pctVal>0.8560360125</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>MSA SAFETY INC</name>
				<lei>N/A</lei>
				<title>COMMON STOCK</title>
				<cusip>553498106</cusip>
				<identifiers>
					<isin value="US5534981064"/>
					<ticker value="MSA"/>
				</identifiers>
				<balance>25615</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>2592238</valUSD>
				<pctVal>0.8285380676</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>NATIONAL VISION HOLDINGS INC</name>
				<lei>N/A</lei>
				<title>COMMON STOCK USD.01</title>
				<cusip>63845R107</cusip>
				<identifiers>
					<isin value="US63845R1077"/>
					<ticker value="EYE"/>
				</identifiers>
				<balance>158424</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>3076594.08</valUSD>
				<pctVal>0.983349258</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>NATUS MEDICAL INC</name>
				<lei>N/A</lei>
				<title>COMMON STOCK USD.001</title>
				<cusip>639050103</cusip>
				<identifiers>
					<isin value="US6390501038"/>
					<ticker value="NTUS"/>
				</identifiers>
				<balance>567612</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>13128865.56</valUSD>
				<pctVal>4.1962832504</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>NEUROCRINE BIOSCIENCES INC</name>
				<lei>N/A</lei>
				<title>COMMON STOCK USD.001</title>
				<cusip>64125C109</cusip>
				<identifiers>
					<isin value="US64125C1099"/>
					<ticker value="NBIX"/>
				</identifiers>
				<balance>75000</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>6491250</valUSD>
				<pctVal>2.0747507486</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>NEXSTAR MEDIA GROUP INC CL A</name>
				<lei>N/A</lei>
				<title>COMMON STOCK USD.01</title>
				<cusip>65336K103</cusip>
				<identifiers>
					<isin value="US65336K1034"/>
					<ticker value="NXST"/>
				</identifiers>
				<balance>45000</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>2597850</valUSD>
				<pctVal>0.8303317901</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>EC</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>US</invCountry>

				<isRestrictedSec>N</isRestrictedSec>

				<fairValLevel>1</fairValLevel>
				<securityLending>
					<isCashCollateral>N</isCashCollateral>
					<nonCashCollateralCondition isNonCashCollateral="Y" nonCashCollateralVal="1172386.25"/>
					<isLoanByFund>N</isLoanByFund>
				</securityLending>
			</invstOrSec>
			<invstOrSec>
				<name>NUVASIVE INC</name>
				<lei>N/A</lei>
				<title>COMMON STOCK USD.001</title>
				<cusip>670704105</cusip>
				<identifiers>
					<isin value="US6707041058"/>
					<ticker value="NUVA"/>
				</identifiers>
				<balance>90000</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>4559400</valUSD>
				<pctVal>1.4572876662</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>ONE GAS INC</name>
				<lei>N/A</lei>
				<title>COMMON STOCK</title>
				<cusip>68235P108</cusip>
				<identifiers>
					<isin value="US68235P1084"/>
					<ticker value="OGS"/>
				</identifiers>
				<balance>98106</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>8203623.72</valUSD>
				<pctVal>2.6220642333</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>ONTO INNOVATION INC</name>
				<lei>N/A</lei>
				<title>COMMON STOCK</title>
				<cusip>683344105</cusip>
				<identifiers>
					<isin value="US6833441057"/>
					<ticker value="ONTO"/>
				</identifiers>
				<balance>102052</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>3027882.84</valUSD>
				<pctVal>0.9677800407</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>ORBCOMM INC</name>
				<lei>N/A</lei>
				<title>COMMON STOCK USD.001</title>
				<cusip>68555P100</cusip>
				<identifiers>
					<isin value="US68555P1003"/>
					<ticker value="ORBC"/>
				</identifiers>
				<balance>835411</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>2038402.84</valUSD>
				<pctVal>0.6515197871</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>PERFORMANCE FOOD GROUP CO</name>
				<lei>N/A</lei>
				<title>COMMON STOCK USD.01</title>
				<cusip>71377A103</cusip>
				<identifiers>
					<isin value="US71377A1034"/>
					<ticker value="PFGC"/>
				</identifiers>
				<balance>90559</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>2238618.48</valUSD>
				<pctVal>0.7155132474</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>REALPAGE INC</name>
				<lei>N/A</lei>
				<title>COMMON STOCK USD.001</title>
				<cusip>75606N109</cusip>
				<identifiers>
					<isin value="US75606N1090"/>
					<ticker value="RP"/>
				</identifiers>
				<balance>105900</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>5605287</valUSD>
				<pctVal>1.7915768765</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>RUBICON PROJECT INC/THE</name>
				<lei>N/A</lei>
				<title>COMMON STOCK USD.00001</title>
				<cusip>78112V102</cusip>
				<identifiers>
					<isin value="US78112V1026"/>
					<ticker value="RUBI"/>
				</identifiers>
				<balance>567028</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>3147005.4</valUSD>
				<pctVal>1.0058543131</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>SI BONE INC</name>
				<lei>N/A</lei>
				<title>COMMON STOCK USD.0001</title>
				<cusip>825704109</cusip>
				<identifiers>
					<isin value="US8257041090"/>
					<ticker value="SIBN"/>
				</identifiers>
				<balance>198706</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>2374536.7</valUSD>
				<pctVal>0.7589557937</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>SIMPLY GOOD FOODS CO/THE</name>
				<lei>N/A</lei>
				<title>COMMON STOCK USD.0001</title>
				<cusip>82900L102</cusip>
				<identifiers>
					<isin value="US82900L1026"/>
					<ticker value="SMPL"/>
				</identifiers>
				<balance>80000</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>1540800</valUSD>
				<pctVal>0.4924746318</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>SMARTSHEET INC CLASS A</name>
				<lei>N/A</lei>
				<title>COMMON STOCK</title>
				<cusip>83200N103</cusip>
				<identifiers>
					<isin value="US83200N1037"/>
					<ticker value="SMAR"/>
				</identifiers>
				<balance>50000</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>2075500</valUSD>
				<pctVal>0.663376881</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>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>11512163.19</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>11512163.19</valUSD>
				<pctVal>3.6795484994</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>TECHTARGET</name>
				<lei>N/A</lei>
				<title>COMMON STOCK USD.001</title>
				<cusip>87874R100</cusip>
				<identifiers>
					<isin value="US87874R1005"/>
					<ticker value="TTGT"/>
				</identifiers>
				<balance>247197</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>5094730.17</valUSD>
				<pctVal>1.6283913321</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>TEGNA INC</name>
				<lei>N/A</lei>
				<title>COMMON STOCK USD1.0</title>
				<cusip>87901J105</cusip>
				<identifiers>
					<isin value="US87901J1051"/>
					<ticker value="TGNA"/>
				</identifiers>
				<balance>175000</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>1900500</valUSD>
				<pctVal>0.6074429113</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>
					<loanByFundCondition isLoanByFund="Y" loanVal="1532000"/>
				</securityLending>
			</invstOrSec>
			<invstOrSec>
				<name>THERMON GROUP HOLDINGS INC</name>
				<lei>N/A</lei>
				<title>COMMON STOCK USD.001</title>
				<cusip>88362T103</cusip>
				<identifiers>
					<isin value="US88362T1034"/>
					<ticker value="THR"/>
				</identifiers>
				<balance>384712</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>5797609.84</valUSD>
				<pctVal>1.8530476189</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>UNIVEST FINANCIAL CORP</name>
				<lei>N/A</lei>
				<title>COMMON STOCK USD5.0</title>
				<cusip>915271100</cusip>
				<identifiers>
					<isin value="US9152711001"/>
					<ticker value="UVSP"/>
				</identifiers>
				<balance>329507</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>5377554.24</valUSD>
				<pctVal>1.7187883205</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>VERRA MOBILITY CORP</name>
				<lei>N/A</lei>
				<title>COMMON STOCK USD.0001</title>
				<cusip>92511U102</cusip>
				<identifiers>
					<isin value="US92511U1025"/>
					<ticker value="VRRM"/>
				</identifiers>
				<balance>350000</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>2499000</valUSD>
				<pctVal>0.7987370877</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>VERTIV HOLDINGS CO</name>
				<lei>N/A</lei>
				<title>COMMON STOCK USD.0001</title>
				<cusip>92537N108</cusip>
				<identifiers>
					<isin value="US92537N1081"/>
					<ticker value="VRT"/>
				</identifiers>
				<balance>375000</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>3243750</valUSD>
				<pctVal>1.0367760818</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>VICTORY CAPITAL HOLDING   A</name>
				<lei>N/A</lei>
				<title>COMMON STOCK USD.01</title>
				<cusip>92645B103</cusip>
				<identifiers>
					<isin value="US92645B1035"/>
					<ticker value="VCTR"/>
				</identifiers>
				<balance>1029984</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>16850538.24</valUSD>
				<pctVal>5.385814262</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>EC</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>US</invCountry>

				<isRestrictedSec>N</isRestrictedSec>

				<fairValLevel>1</fairValLevel>
				<securityLending>
					<cashCollateralCondition cashCollateralVal="796110.75" isCashCollateral="Y"/>
					<nonCashCollateralCondition isNonCashCollateral="Y" nonCashCollateralVal="20100"/>
					<isLoanByFund>N</isLoanByFund>
				</securityLending>
			</invstOrSec>
			<invstOrSec>
				<name>VISHAY INTERTECHNOLOGY INC</name>
				<lei>N/A</lei>
				<title>COMMON STOCK USD.1</title>
				<cusip>928298108</cusip>
				<identifiers>
					<isin value="US9282981086"/>
					<ticker value="VSH"/>
				</identifiers>
				<balance>200000</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>2882000</valUSD>
				<pctVal>0.9211525758</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>VOCERA COMMUNICATIONS INC</name>
				<lei>N/A</lei>
				<title>COMMON STOCK USD.0003</title>
				<cusip>92857F107</cusip>
				<identifiers>
					<isin value="US92857F1075"/>
					<ticker value="VCRA"/>
				</identifiers>
				<balance>157936</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>3354560.64</valUSD>
				<pctVal>1.072193676</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>VOYA FINANCIAL INC</name>
				<lei>N/A</lei>
				<title>COMMON STOCK USD.01</title>
				<cusip>929089100</cusip>
				<identifiers>
					<isin value="US9290891004"/>
					<ticker value="VOYA"/>
				</identifiers>
				<balance>102006</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>4136343.3</valUSD>
				<pctVal>1.3220691482</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>WHITE MOUNTAINS INSURANCE GP</name>
				<lei>N/A</lei>
				<title>COMMON STOCK USD1.0</title>
				<cusip>G9618E107</cusip>
				<identifiers>
					<isin value="BMG9618E1075"/>
					<ticker value="WTM"/>
				</identifiers>
				<balance>9935</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>9040850</valUSD>
				<pctVal>2.8896607442</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>
					<loanByFundCondition isLoanByFund="Y" loanVal="165087.32"/>
				</securityLending>
			</invstOrSec>
			<invstOrSec>
				<name>WORKIVA INC</name>
				<lei>N/A</lei>
				<title>COMMON STOCK USD.001</title>
				<cusip>98139A105</cusip>
				<identifiers>
					<isin value="US98139A1051"/>
					<ticker value="WK"/>
				</identifiers>
				<balance>90000</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>2909700</valUSD>
				<pctVal>0.9300061241</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>WYNDHAM HOTELS + RESORTS INC</name>
				<lei>N/A</lei>
				<title>COMMON STOCK USD.01</title>
				<cusip>98311A105</cusip>
				<identifiers>
					<isin value="US98311A1051"/>
					<ticker value="WH"/>
				</identifiers>
				<balance>29891</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>941865.41</valUSD>
				<pctVal>0.3010415505</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>ZUORA INC   CLASS A</name>
				<lei>N/A</lei>
				<title>COMMON STOCK</title>
				<cusip>98983V106</cusip>
				<identifiers>
					<isin value="US98983V1061"/>
					<ticker value="ZUO"/>
				</identifiers>
				<balance>292182</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>2352065.1</valUSD>
				<pctVal>0.7517733606</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>
		</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>
