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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>2020-06-30</repPdDate>
			<isFinalFiling>N</isFinalFiling>
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			<totLiabs>1241940</totLiabs>
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			<assetsInvested>0</assetsInvested>
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			<isNonCashCollateral>N</isNonCashCollateral>
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				<isRestrictedSec>N</isRestrictedSec>

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				<lei>N/A</lei>
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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>
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					<isin value="JE00B783TY65"/>
					<ticker value="APTV"/>
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				<curCd>USD</curCd>
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				<assetCat>EC</assetCat>
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				<invCountry>IE</invCountry>

				<isRestrictedSec>N</isRestrictedSec>

				<fairValLevel>1</fairValLevel>
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			<invstOrSec>
				<name>ASML HOLDING NV</name>
				<lei>N/A</lei>
				<title>COMMON STOCK EUR.09</title>
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					<isin value="NL0010273215"/>
					<ticker value="ASML"/>
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				<currencyConditional curCd="EUR" exchangeRt="0.890075999697"/>
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				<isRestrictedSec>N</isRestrictedSec>

				<fairValLevel>2</fairValLevel>
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				<name>AUTODESK INC</name>
				<lei>N/A</lei>
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				<invCountry>HK</invCountry>

				<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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				<title>COMMON STOCK USD.01</title>
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				<isRestrictedSec>N</isRestrictedSec>

				<fairValLevel>1</fairValLevel>
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			<invstOrSec>
				<name>DEERE + CO</name>
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				<title>COMMON STOCK USD1.0</title>
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				<isRestrictedSec>N</isRestrictedSec>

				<fairValLevel>1</fairValLevel>
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				<name>DELTA ELECTRONICS INC</name>
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				<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>
				<cusip>629854902</cusip>
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				<isRestrictedSec>N</isRestrictedSec>

				<fairValLevel>2</fairValLevel>
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				<name>ECOLAB INC</name>
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				<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>
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			<invstOrSec>
				<name>FISCHER (GEORG) REG</name>
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				<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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					<isLoanByFund>N</isLoanByFund>
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			<invstOrSec>
				<name>GEA GROUP AG</name>
				<lei>N/A</lei>
				<title>COMMON STOCK</title>
				<cusip>455710905</cusip>
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					<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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			</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>209621</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>26278088.56</valUSD>
				<pctVal>2.5641087798</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>218299</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>34499973.96</valUSD>
				<pctVal>3.3663668471</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>374439</balance>
				<units>NS</units>
				<currencyConditional curCd="GBP" exchangeRt="0.80703700014"/>
				<valUSD>25218861.51</valUSD>
				<pctVal>2.4607537214</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>35700</balance>
				<units>NS</units>
				<currencyConditional curCd="JPY" exchangeRt="107.974999971208"/>
				<valUSD>14960497.17</valUSD>
				<pctVal>1.4597843392</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="0.890076000044"/>
				<valUSD>15415652.73</valUSD>
				<pctVal>1.5041965637</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>212155</balance>
				<units>NS</units>
				<currencyConditional curCd="EUR" exchangeRt="0.890076000046"/>
				<valUSD>29450918.92</valUSD>
				<pctVal>2.8737006348</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="107.975000007624"/>
				<valUSD>22888369.78</valUSD>
				<pctVal>2.2333538368</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>35842559.91</valUSD>
				<pctVal>3.4973709121</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>30532</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>24595052.6</valUSD>
				<pctVal>2.3998849904</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>ORSTED A/S</name>
				<lei>N/A</lei>
				<title>COMMON STOCK DKK10.0</title>
				<cusip>BYT16L900</cusip>
				<identifiers>
					<isin value="DK0060094928"/>
					<ticker value="ORSTED"/>
				</identifiers>
				<balance>88156</balance>
				<units>NS</units>
				<currencyConditional curCd="DKK" exchangeRt="6.632499999628"/>
				<valUSD>10173328.67</valUSD>
				<pctVal>0.9926719481</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>EC</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>DK</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>1443797</balance>
				<units>NS</units>
				<currencyConditional curCd="GBP" exchangeRt="0.807037000132"/>
				<valUSD>19993272.61</valUSD>
				<pctVal>1.9508620545</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>587625</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>22323873.75</valUSD>
				<pctVal>2.1782726149</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>236758</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>18417404.82</valUSD>
				<pctVal>1.7970952983</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>96325</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>20517225</valUSD>
				<pctVal>2.0019871932</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>132361</balance>
				<units>NS</units>
				<currencyConditional curCd="EUR" exchangeRt="0.890076000045"/>
				<valUSD>18502664.03</valUSD>
				<pctVal>1.8054145446</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>296142</balance>
				<units>NS</units>
				<currencyConditional curCd="EUR" exchangeRt="0.89007599997"/>
				<valUSD>32941832.53</valUSD>
				<pctVal>3.2143297569</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>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="0.890075999985"/>
				<valUSD>27667452.6</valUSD>
				<pctVal>2.6996772602</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="0.807037000371"/>
				<valUSD>10200274.01</valUSD>
				<pctVal>0.9953011645</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>3700298.49</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>3700298.49</valUSD>
				<pctVal>0.3610600453</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="0.890076000132"/>
				<valUSD>29470238.2</valUSD>
				<pctVal>2.8755857314</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>202902</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>16546658.1</valUSD>
				<pctVal>1.614555458</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>214694</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>19103472.12</valUSD>
				<pctVal>1.8640389493</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>605439</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>26148910.41</valUSD>
				<pctVal>2.5515041024</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>260884</balance>
				<units>NS</units>
				<currencyConditional curCd="EUR" exchangeRt="0.890076000176"/>
				<valUSD>12314781.96</valUSD>
				<pctVal>1.2016262322</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>VERISK ANALYTICS INC</name>
				<lei>N/A</lei>
				<title>COMMON STOCK USD.001</title>
				<cusip>92345Y106</cusip>
				<identifiers>
					<isin value="US92345Y1064"/>
					<ticker value="VRSK"/>
				</identifiers>
				<balance>122085</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>20778867</valUSD>
				<pctVal>2.0275171532</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>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>2490000</balance>
				<units>NS</units>
				<currencyConditional curCd="HKD" exchangeRt="7.750499999042"/>
				<valUSD>9570823.33</valUSD>
				<pctVal>0.9338819326</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>336581</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>35647293.71</valUSD>
				<pctVal>3.4783176322</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>21459662.4</valUSD>
				<pctVal>2.0939463936</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>690102</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>4202721.18</valUSD>
				<pctVal>0.4100844037</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>1.6684365126</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>20298376</valUSD>
				<pctVal>1.9806327998</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>5893700</balance>
				<units>NS</units>
				<currencyConditional curCd="HKD" exchangeRt="7.750499998202"/>
				<valUSD>15113854.32</valUSD>
				<pctVal>1.4747483049</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>2020-08-28</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>
</edgarSubmission>
