<?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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		<submissionType>NPORT-P</submissionType>
		<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>Impax 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>Impax Small Cap Fund</seriesName>
			<seriesId>S000021459</seriesId>
			<seriesLei>549300GOOKRMB3XGNR17</seriesLei>
			<repPdEnd>2022-12-31</repPdEnd>
			<repPdDate>2022-12-31</repPdDate>
			<isFinalFiling>N</isFinalFiling>
		</genInfo>
		<fundInfo>
			<totAssets>593924153.45</totAssets>
			<totLiabs>657455.32</totLiabs>
			<netAssets>593266698.13</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>0</cshNotRptdInCorD>
			<borrowers>
				<borrower aggrVal="4057540.26" lei="G5GSEF7VJP5I7OUK5573" name="BARCLAYS BANK PLC"/>
				<borrower aggrVal="55008.18" lei="AC28XWWI3WIBK2824319" name="BARCLAYS CAPITAL INC."/>
				<borrower aggrVal="9674418.12" lei="N/A" name="UBS AG"/>
			</borrowers>
			<aggregateCondition isNonCashCollateral="Y">
				<aggregateInfos>
					<aggregateInfo amt="15118905.12" collatrl="14340230.45">
						<invstCat>UST</invstCat>
					</aggregateInfo>
				</aggregateInfos>
			</aggregateCondition>
			<returnInfo>
				<monthlyTotReturns>
					<monthlyTotReturn classId="C000061360" rtn1="-4.68" rtn2="1.75" rtn3="9.83"/>
					<monthlyTotReturn classId="C000061361" rtn1="-4.6" rtn2="1.79" rtn3="9.83"/>
					<monthlyTotReturn classId="C000128850" rtn1="-4.7" rtn2="1.76" rtn3="9.87"/>
				</monthlyTotReturns>
				<monthlyReturnCats/>
				<othMon1 netRealizedGain="-1315080.88" netUnrealizedAppr="-28809790.94"/>
				<othMon2 netRealizedGain="-9831855.66" netUnrealizedAppr="20862454.94"/>
				<othMon3 netRealizedGain="-12041266.29" netUnrealizedAppr="69001538.06"/>
			</returnInfo>
			<mon1Flow redemption="35309248.28" reinvestment="48212.22" sales="14064928.95"/>
			<mon2Flow redemption="15153396.34" reinvestment="0" sales="10144358.24"/>
			<mon3Flow redemption="8352915.77" reinvestment="0" sales="12657530.48"/>
		</fundInfo>
		<invstOrSecs>
			<invstOrSec>
				<name>A10 NETWORKS INC</name>
				<lei>N/A</lei>
				<title>COMMON STOCK USD.00001</title>
				<cusip>002121101</cusip>
				<identifiers>
					<isin value="US0021211018"/>
					<ticker value="ATEN"/>
				</identifiers>
				<balance>815000</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>13553450</valUSD>
				<pctVal>2.284545895248</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>ADVANCED DRAINAGE SYSTEMS IN</name>
				<lei>N/A</lei>
				<title>COMMON STOCK USD.01</title>
				<cusip>00790R104</cusip>
				<identifiers>
					<isin value="US00790R1041"/>
					<ticker value="WMS"/>
				</identifiers>
				<balance>49433</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>4052023.01</valUSD>
				<pctVal>0.683001931976</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>ALTUS GROUP LTD</name>
				<lei>N/A</lei>
				<title>COMMON STOCK</title>
				<cusip>02215R958</cusip>
				<identifiers>
					<isin value="CA02215R1073"/>
					<ticker value="AIF"/>
				</identifiers>
				<balance>367910</balance>
				<units>NS</units>
				<currencyConditional curCd="CAD" exchangeRt="1.354000000068"/>
				<valUSD>14683793.5</valUSD>
				<pctVal>2.475074624327</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>AMEDISYS INC</name>
				<lei>N/A</lei>
				<title>COMMON STOCK USD.001</title>
				<cusip>023436108</cusip>
				<identifiers>
					<isin value="US0234361089"/>
					<ticker value="AMED"/>
				</identifiers>
				<balance>115000</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>9607100</valUSD>
				<pctVal>1.619356021547</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>AZEK CO INC/THE</name>
				<lei>N/A</lei>
				<title>COMMON STOCK</title>
				<cusip>05478C105</cusip>
				<identifiers>
					<isin value="US05478C1053"/>
					<ticker value="AZEK"/>
				</identifiers>
				<balance>419349</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>8521171.68</valUSD>
				<pctVal>1.436313837749</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>BELDEN INC</name>
				<lei>N/A</lei>
				<title>COMMON STOCK USD.01</title>
				<cusip>077454106</cusip>
				<identifiers>
					<isin value="US0774541066"/>
					<ticker value="BDC"/>
				</identifiers>
				<balance>190000</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>13661000</valUSD>
				<pctVal>2.302674335684</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>BJ S WHOLESALE CLUB HOLDINGS</name>
				<lei>N/A</lei>
				<title>COMMON STOCK USD.01</title>
				<cusip>05550J101</cusip>
				<identifiers>
					<isin value="US05550J1016"/>
					<ticker value="BJ"/>
				</identifiers>
				<balance>94955</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>6282222.8</valUSD>
				<pctVal>1.058920519187</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>BRIGHTSPHERE INVESTMENT GROU</name>
				<lei>N/A</lei>
				<title>COMMON STOCK USD.001</title>
				<cusip>10948W103</cusip>
				<identifiers>
					<isin value="US10948W1036"/>
					<ticker value="BSIG"/>
				</identifiers>
				<balance>1123745</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>23126672.1</valUSD>
				<pctVal>3.898191517052</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="26248.75"/>
					<loanByFundCondition isLoanByFund="Y" loanVal="26033.7"/>
				</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>69826</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>5209717.86</valUSD>
				<pctVal>0.878140956912</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="5376602"/>
					<loanByFundCondition isLoanByFund="Y" loanVal="5209717.86"/>
				</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>253064</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>12901202.72</valUSD>
				<pctVal>2.174604231228</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>COLUMBIA SPORTSWEAR CO</name>
				<lei>N/A</lei>
				<title>COMMON STOCK</title>
				<cusip>198516106</cusip>
				<identifiers>
					<isin value="US1985161066"/>
					<ticker value="COLM"/>
				</identifiers>
				<balance>75515</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>6613603.7</valUSD>
				<pctVal>1.114777505774</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>CRYOPORT INC</name>
				<lei>N/A</lei>
				<title>COMMON STOCK USD.001</title>
				<cusip>229050307</cusip>
				<identifiers>
					<isin value="US2290503075"/>
					<ticker value="CYRX"/>
				</identifiers>
				<balance>487375</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>8455956.25</valUSD>
				<pctVal>1.425321238602</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="8571492"/>
					<loanByFundCondition isLoanByFund="Y" loanVal="8261965.9"/>
				</securityLending>
			</invstOrSec>
			<invstOrSec>
				<name>DARLING INGREDIENTS INC</name>
				<lei>N/A</lei>
				<title>COMMON STOCK USD.01</title>
				<cusip>237266101</cusip>
				<identifiers>
					<isin value="US2372661015"/>
					<ticker value="DAR"/>
				</identifiers>
				<balance>183294</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>11472371.46</valUSD>
				<pctVal>1.933762925875</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>DECKERS OUTDOOR CORP</name>
				<lei>N/A</lei>
				<title>COMMON STOCK USD.01</title>
				<cusip>243537107</cusip>
				<identifiers>
					<isin value="US2435371073"/>
					<ticker value="DECK"/>
				</identifiers>
				<balance>19557</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>7806372.12</valUSD>
				<pctVal>1.315828470502</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>EASTERN BANKSHARES INC</name>
				<lei>N/A</lei>
				<title>COMMON STOCK USD.01</title>
				<cusip>27627N105</cusip>
				<identifiers>
					<isin value="US27627N1054"/>
					<ticker value="EBC"/>
				</identifiers>
				<balance>915000</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>15783750</valUSD>
				<pctVal>2.660481373681</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>ELEMENT SOLUTIONS INC</name>
				<lei>N/A</lei>
				<title>COMMON STOCK USD.01</title>
				<cusip>28618M106</cusip>
				<identifiers>
					<isin value="US28618M1062"/>
					<ticker value="ESI"/>
				</identifiers>
				<balance>736946</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>13405047.74</valUSD>
				<pctVal>2.25953146911</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>ENOVIS CORP</name>
				<lei>N/A</lei>
				<title>COMMON STOCK USD.001</title>
				<cusip>194014502</cusip>
				<identifiers>
					<isin value="US1940145022"/>
					<ticker value="ENOV"/>
				</identifiers>
				<balance>185630</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>9934917.6</valUSD>
				<pctVal>1.6746123845</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>ENPRO INDUSTRIES INC</name>
				<lei>N/A</lei>
				<title>COMMON STOCK USD.01</title>
				<cusip>29355X107</cusip>
				<identifiers>
					<isin value="US29355X1072"/>
					<ticker value="NPO"/>
				</identifiers>
				<balance>120000</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>13042800</valUSD>
				<pctVal>2.198471621804</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>314343</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>12447982.8</valUSD>
				<pctVal>2.098210271913</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>EXTREME NETWORKS INC</name>
				<lei>N/A</lei>
				<title>COMMON STOCK USD.001</title>
				<cusip>30226D106</cusip>
				<identifiers>
					<isin value="US30226D1063"/>
					<ticker value="EXTR"/>
				</identifiers>
				<balance>630178</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>11538559.18</valUSD>
				<pctVal>1.944919412529</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>FOX FACTORY HOLDING CORP</name>
				<lei>N/A</lei>
				<title>COMMON STOCK USD.001</title>
				<cusip>35138V102</cusip>
				<identifiers>
					<isin value="US35138V1026"/>
					<ticker value="FOXF"/>
				</identifiers>
				<balance>83331</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>7602287.13</valUSD>
				<pctVal>1.281428260505</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>GATES INDUSTRIAL CORP PLC</name>
				<lei>N/A</lei>
				<title>COMMON STOCK USD.01</title>
				<cusip>G39108108</cusip>
				<identifiers>
					<isin value="GB00BD9G2S12"/>
					<ticker value="GTES"/>
				</identifiers>
				<balance>1052713</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>12011455.33</valUSD>
				<pctVal>2.024629962858</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>GRAPHIC PACKAGING HOLDING CO</name>
				<lei>N/A</lei>
				<title>COMMON STOCK USD.01</title>
				<cusip>388689101</cusip>
				<identifiers>
					<isin value="US3886891015"/>
					<ticker value="GPK"/>
				</identifiers>
				<balance>833585</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>18547266.25</valUSD>
				<pctVal>3.126294853303</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>HEALTH CATALYST INC</name>
				<lei>N/A</lei>
				<title>COMMON STOCK USD.001</title>
				<cusip>42225T107</cusip>
				<identifiers>
					<isin value="US42225T1079"/>
					<ticker value="HCAT"/>
				</identifiers>
				<balance>1204475</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>12803569.25</valUSD>
				<pctVal>2.158147303794</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>42226K105</cusip>
				<identifiers>
					<isin value="US42226K1051"/>
					<ticker value="HR"/>
				</identifiers>
				<balance>756352</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>14574903.04</valUSD>
				<pctVal>2.456720238291</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>HERC HOLDINGS INC</name>
				<lei>N/A</lei>
				<title>COMMON STOCK USD.01</title>
				<cusip>42704L104</cusip>
				<identifiers>
					<isin value="US42704L1044"/>
					<ticker value="HRI"/>
				</identifiers>
				<balance>45000</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>5920650</valUSD>
				<pctVal>0.997974438589</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>HURON CONSULTING GROUP INC</name>
				<lei>N/A</lei>
				<title>COMMON STOCK USD.01</title>
				<cusip>447462102</cusip>
				<identifiers>
					<isin value="US4474621020"/>
					<ticker value="HURN"/>
				</identifiers>
				<balance>125000</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>9075000</valUSD>
				<pctVal>1.529666173511</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>INDEPENDENT BANK CORP/MA</name>
				<lei>N/A</lei>
				<title>COMMON STOCK USD.01</title>
				<cusip>453836108</cusip>
				<identifiers>
					<isin value="US4538361084"/>
					<ticker value="INDB"/>
				</identifiers>
				<balance>150000</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>12664500</valUSD>
				<pctVal>2.134706033546</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>LESLIE S INC</name>
				<lei>N/A</lei>
				<title>COMMON STOCK USD.001</title>
				<cusip>527064109</cusip>
				<identifiers>
					<isin value="US5270641096"/>
					<ticker value="LESL"/>
				</identifiers>
				<balance>247284</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>3019337.64</valUSD>
				<pctVal>0.508934286977</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>234320</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>15652576</valUSD>
				<pctVal>2.638370913004</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>60089</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>8664232.91</valUSD>
				<pctVal>1.460427989184</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>NAPCO SECURITY TECHNOLOGIES</name>
				<lei>N/A</lei>
				<title>COMMON STOCK USD.01</title>
				<cusip>630402105</cusip>
				<identifiers>
					<isin value="US6304021057"/>
					<ticker value="NSSC"/>
				</identifiers>
				<balance>255000</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>7007400</valUSD>
				<pctVal>1.181155123335</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>255669</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>9909730.44</valUSD>
				<pctVal>1.670366880736</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>175000</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>20902000</valUSD>
				<pctVal>3.523204667628</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>OMNIAB INC</name>
				<lei>N/A</lei>
				<title>COMMON STOCK USD.0001</title>
				<cusip>68218J103</cusip>
				<identifiers>
					<isin value="US68218J1034"/>
					<ticker value="OABI"/>
				</identifiers>
				<balance>1148184</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>4133462.4</valUSD>
				<pctVal>0.696729213527</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>137557</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>9366256.13</valUSD>
				<pctVal>1.578759798843</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>OPTION CARE HEALTH INC</name>
				<lei>N/A</lei>
				<title>COMMON STOCK USD.0001</title>
				<cusip>68404L201</cusip>
				<identifiers>
					<isin value="US68404L2016"/>
					<ticker value="OPCH"/>
				</identifiers>
				<balance>400000</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>12036000</valUSD>
				<pctVal>2.028767169628</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>PACIRA BIOSCIENCES INC</name>
				<lei>N/A</lei>
				<title>COMMON STOCK USD.001</title>
				<cusip>695127100</cusip>
				<identifiers>
					<isin value="US6951271005"/>
					<ticker value="PCRX"/>
				</identifiers>
				<balance>200027</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>7723042.47</valUSD>
				<pctVal>1.301782570022</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>PLANET FITNESS INC   CL A</name>
				<lei>N/A</lei>
				<title>COMMON STOCK USD.0001</title>
				<cusip>72703H101</cusip>
				<identifiers>
					<isin value="US72703H1014"/>
					<ticker value="PLNT"/>
				</identifiers>
				<balance>134271</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>10580554.8</valUSD>
				<pctVal>1.783439864963</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>PRESTIGE CONSUMER HEALTHCARE</name>
				<lei>N/A</lei>
				<title>COMMON STOCK USD.01</title>
				<cusip>74112D101</cusip>
				<identifiers>
					<isin value="US74112D1019"/>
					<ticker value="PBH"/>
				</identifiers>
				<balance>170000</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>10642000</valUSD>
				<pctVal>1.793796960717</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>QUINSTREET INC</name>
				<lei>N/A</lei>
				<title>COMMON STOCK USD.001</title>
				<cusip>74874Q100</cusip>
				<identifiers>
					<isin value="US74874Q1004"/>
					<ticker value="QNST"/>
				</identifiers>
				<balance>790395</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>11342168.25</valUSD>
				<pctVal>1.911816099867</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>RAYONIER INC</name>
				<lei>N/A</lei>
				<title>REIT</title>
				<cusip>754907103</cusip>
				<identifiers>
					<isin value="US7549071030"/>
					<ticker value="RYN"/>
				</identifiers>
				<balance>361676</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>11920840.96</valUSD>
				<pctVal>2.009356162679</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>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>1200343</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>16324664.8</valUSD>
				<pctVal>2.751657029032</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>258620</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>9835318.6</valUSD>
				<pctVal>1.657824150757</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>SPROUT SOCIAL INC   CLASS A</name>
				<lei>N/A</lei>
				<title>COMMON STOCK USD.0001</title>
				<cusip>85209W109</cusip>
				<identifiers>
					<isin value="US85209W1099"/>
					<ticker value="SPT"/>
				</identifiers>
				<balance>113724</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>6420857.04</valUSD>
				<pctVal>1.082288464908</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>3883965.6</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>3883965.6</valUSD>
				<pctVal>0.654674468033</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>STERICYCLE INC</name>
				<lei>N/A</lei>
				<title>COMMON STOCK USD.01</title>
				<cusip>858912108</cusip>
				<identifiers>
					<isin value="US8589121081"/>
					<ticker value="SRCL"/>
				</identifiers>
				<balance>202906</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>10122980.34</valUSD>
				<pctVal>1.70631191198</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>SURO CAPITAL CORP</name>
				<lei>N/A</lei>
				<title>COMMON STOCK USD.01</title>
				<cusip>86887Q109</cusip>
				<identifiers>
					<isin value="US86887Q1094"/>
					<ticker value="SSSS"/>
				</identifiers>
				<balance>508398</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>1931912.4</valUSD>
				<pctVal>0.325639784955</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>EC</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>US</invCountry>

				<isRestrictedSec>N</isRestrictedSec>

				<fairValLevel>1</fairValLevel>
				<securityLending>
					<cashCollateralCondition cashCollateralVal="45060" isCashCollateral="Y"/>
					<nonCashCollateralCondition isNonCashCollateral="Y" nonCashCollateralVal="56856"/>
					<loanByFundCondition isLoanByFund="Y" loanVal="96820.2"/>
				</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>142583</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>6282206.98</valUSD>
				<pctVal>1.058917852595</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>448661</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>6204981.63</valUSD>
				<pctVal>1.045900882277</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>561461</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>7669557.26</valUSD>
				<pctVal>1.292767196301</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>972198</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>26084072.34</valUSD>
				<pctVal>4.396685743902</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>VISTEON CORP</name>
				<lei>N/A</lei>
				<title>COMMON STOCK</title>
				<cusip>92839U206</cusip>
				<identifiers>
					<isin value="US92839U2069"/>
					<ticker value="VC"/>
				</identifiers>
				<balance>42500</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>5560275</valUSD>
				<pctVal>0.937230257071</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>281040</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>17281149.6</valUSD>
				<pctVal>2.912880438843</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>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>158586</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>13316466.42</valUSD>
				<pctVal>2.244600356294</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>2023-02-28</ncom:dateSigned>
			<ncom:nameOfApplicant>Impax 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>
