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			<seriesClassInfo>
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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>Impax Large Cap Fund</seriesName>
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			<repPdEnd>2023-12-31</repPdEnd>
			<repPdDate>2023-03-31</repPdDate>
			<isFinalFiling>N</isFinalFiling>
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			<totLiabs>19932028.95</totLiabs>
			<netAssets>1401691699.25</netAssets>
			<assetsAttrMiscSec>0</assetsAttrMiscSec>
			<assetsInvested>0</assetsInvested>
			<amtPayOneYrBanksBorr>0</amtPayOneYrBanksBorr>
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				<isRestrictedSec>N</isRestrictedSec>

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				<isRestrictedSec>N</isRestrictedSec>

				<fairValLevel>1</fairValLevel>
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			<invstOrSec>
				<name>ALPHABET INC CL C</name>
				<lei>N/A</lei>
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					<isin value="US02079K1079"/>
					<ticker value="GOOG"/>
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				<isRestrictedSec>N</isRestrictedSec>

				<fairValLevel>1</fairValLevel>
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			<invstOrSec>
				<name>AMAZON.COM INC</name>
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				<title>COMMON STOCK USD.01</title>
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				<identifiers>
					<isin value="US0231351067"/>
					<ticker value="AMZN"/>
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				<isRestrictedSec>N</isRestrictedSec>

				<fairValLevel>1</fairValLevel>
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			<invstOrSec>
				<name>AMERICAN WATER WORKS CO INC</name>
				<lei>N/A</lei>
				<title>COMMON STOCK USD.01</title>
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				<identifiers>
					<isin value="US0304201033"/>
					<ticker value="AWK"/>
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				<assetCat>EC</assetCat>
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				<isRestrictedSec>N</isRestrictedSec>

				<fairValLevel>1</fairValLevel>
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			<invstOrSec>
				<name>APPLE INC</name>
				<lei>N/A</lei>
				<title>COMMON STOCK USD.00001</title>
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					<ticker value="AAPL"/>
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				<assetCat>EC</assetCat>
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				<isRestrictedSec>N</isRestrictedSec>

				<fairValLevel>1</fairValLevel>
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			<invstOrSec>
				<name>APPLIED MATERIALS INC</name>
				<lei>N/A</lei>
				<title>COMMON STOCK USD.01</title>
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					<isin value="US0382221051"/>
					<ticker value="AMAT"/>
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				<curCd>USD</curCd>
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				<payoffProfile>Long</payoffProfile>
				<assetCat>EC</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>US</invCountry>

				<isRestrictedSec>N</isRestrictedSec>

				<fairValLevel>1</fairValLevel>
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				<name>APTIV PLC</name>
				<lei>N/A</lei>
				<title>COMMON STOCK USD.01</title>
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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>
				<securityLending>
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				<lei>N/A</lei>
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				<isRestrictedSec>N</isRestrictedSec>

				<fairValLevel>1</fairValLevel>
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			<invstOrSec>
				<name>AVERY DENNISON CORP</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>BAXTER INTERNATIONAL INC</name>
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				<title>COMMON STOCK USD1.0</title>
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				<assetCat>EC</assetCat>
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				<invCountry>US</invCountry>

				<isRestrictedSec>N</isRestrictedSec>

				<fairValLevel>1</fairValLevel>
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				<name>BLACKROCK INC</name>
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				<title>COMMON STOCK USD.01</title>
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					<ticker value="BLK"/>
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				<curCd>USD</curCd>
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				<isRestrictedSec>N</isRestrictedSec>

				<fairValLevel>1</fairValLevel>
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				<name>BRISTOL MYERS SQUIBB CO</name>
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				<isRestrictedSec>N</isRestrictedSec>

				<fairValLevel>1</fairValLevel>
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			<invstOrSec>
				<name>CITIZENS FINANCIAL GROUP</name>
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				<title>COMMON STOCK USD.01</title>
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					<ticker value="CFG"/>
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				<isRestrictedSec>N</isRestrictedSec>

				<fairValLevel>1</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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				<name>CROWN HOLDINGS INC</name>
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				<title>COMMON STOCK USD5.0</title>
				<cusip>228368106</cusip>
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					<ticker value="CCK"/>
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				<isRestrictedSec>N</isRestrictedSec>

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			<invstOrSec>
				<name>CVS HEALTH CORP</name>
				<lei>N/A</lei>
				<title>COMMON STOCK USD.01</title>
				<cusip>126650100</cusip>
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				<isRestrictedSec>N</isRestrictedSec>

				<fairValLevel>1</fairValLevel>
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			<invstOrSec>
				<name>DANAHER CORP</name>
				<lei>N/A</lei>
				<title>COMMON STOCK USD.01</title>
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					<ticker value="DHR"/>
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				<valUSD>22557580</valUSD>
				<pctVal>1.609311092594</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>EQUINIX INC</name>
				<lei>N/A</lei>
				<title>REIT USD.001</title>
				<cusip>29444U700</cusip>
				<identifiers>
					<isin value="US29444U7000"/>
					<ticker value="EQIX"/>
				</identifiers>
				<balance>19891</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>14342206.64</valUSD>
				<pctVal>1.023206932571</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>ESTEE LAUDER COMPANIES CL A</name>
				<lei>N/A</lei>
				<title>COMMON STOCK USD.01</title>
				<cusip>518439104</cusip>
				<identifiers>
					<isin value="US5184391044"/>
					<ticker value="EL"/>
				</identifiers>
				<balance>86800</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>21392728</valUSD>
				<pctVal>1.526207796725</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>FERGUSON PLC</name>
				<lei>N/A</lei>
				<title>COMMON STOCK GBP.1</title>
				<cusip>G3421J106</cusip>
				<identifiers>
					<isin value="JE00BJVNSS43"/>
					<ticker value="FERG"/>
				</identifiers>
				<balance>151400</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>20249750</valUSD>
				<pctVal>1.444665043735</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>FISERV INC</name>
				<lei>N/A</lei>
				<title>COMMON STOCK USD.01</title>
				<cusip>337738108</cusip>
				<identifiers>
					<isin value="US3377381088"/>
					<ticker value="FISV"/>
				</identifiers>
				<balance>218792</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>24730059.76</valUSD>
				<pctVal>1.764300935308</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>GEN DIGITAL INC</name>
				<lei>N/A</lei>
				<title>COMMON STOCK USD.01</title>
				<cusip>668771108</cusip>
				<identifiers>
					<isin value="US6687711084"/>
					<ticker value="GEN"/>
				</identifiers>
				<balance>1049995</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>18017914.2</valUSD>
				<pctVal>1.285440600786</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>INTL FLAVORS + FRAGRANCES</name>
				<lei>N/A</lei>
				<title>COMMON STOCK USD.125</title>
				<cusip>459506101</cusip>
				<identifiers>
					<isin value="US4595061015"/>
					<ticker value="IFF"/>
				</identifiers>
				<balance>207535</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>19084918.6</valUSD>
				<pctVal>1.361563217519</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>IQVIA HOLDINGS INC</name>
				<lei>N/A</lei>
				<title>COMMON STOCK USD.01</title>
				<cusip>46266C105</cusip>
				<identifiers>
					<isin value="US46266C1053"/>
					<ticker value="IQV"/>
				</identifiers>
				<balance>112715</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>22417886.35</valUSD>
				<pctVal>1.59934501731</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>JPMORGAN CHASE + CO</name>
				<lei>N/A</lei>
				<title>COMMON STOCK USD1.0</title>
				<cusip>46625H100</cusip>
				<identifiers>
					<isin value="US46625H1005"/>
					<ticker value="JPM"/>
				</identifiers>
				<balance>237247</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>30915656.57</valUSD>
				<pctVal>2.205596037027</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>LOWE S COS INC</name>
				<lei>N/A</lei>
				<title>COMMON STOCK USD.5</title>
				<cusip>548661107</cusip>
				<identifiers>
					<isin value="US5486611073"/>
					<ticker value="LOW"/>
				</identifiers>
				<balance>164210</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>32837073.7</valUSD>
				<pctVal>2.342674478102</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>MCCORMICK + CO NON VTG SHRS</name>
				<lei>N/A</lei>
				<title>COMMON STOCK</title>
				<cusip>579780206</cusip>
				<identifiers>
					<isin value="US5797802064"/>
					<ticker value="MKC"/>
				</identifiers>
				<balance>225155</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>18735147.55</valUSD>
				<pctVal>1.336609723809</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>MERCK + CO. INC.</name>
				<lei>N/A</lei>
				<title>COMMON STOCK USD.5</title>
				<cusip>58933Y105</cusip>
				<identifiers>
					<isin value="US58933Y1055"/>
					<ticker value="MRK"/>
				</identifiers>
				<balance>381768</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>40616297.52</valUSD>
				<pctVal>2.897662698704</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>MICROSOFT CORP</name>
				<lei>N/A</lei>
				<title>COMMON STOCK USD.00000625</title>
				<cusip>594918104</cusip>
				<identifiers>
					<isin value="US5949181045"/>
					<ticker value="MSFT"/>
				</identifiers>
				<balance>341046</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>98323561.8</valUSD>
				<pctVal>7.014635376139</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>ORGANON + CO</name>
				<lei>N/A</lei>
				<title>COMMON STOCK USD.01</title>
				<cusip>68622V106</cusip>
				<identifiers>
					<isin value="US68622V1061"/>
					<ticker value="OGN"/>
				</identifiers>
				<balance>774490</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>18216004.8</valUSD>
				<pctVal>1.299572852557</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>OTIS WORLDWIDE CORP</name>
				<lei>N/A</lei>
				<title>COMMON STOCK USD.01</title>
				<cusip>68902V107</cusip>
				<identifiers>
					<isin value="US68902V1070"/>
					<ticker value="OTIS"/>
				</identifiers>
				<balance>227334</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>19186989.6</valUSD>
				<pctVal>1.368845203996</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>PNC FINANCIAL SERVICES GROUP</name>
				<lei>N/A</lei>
				<title>COMMON STOCK USD5.0</title>
				<cusip>693475105</cusip>
				<identifiers>
					<isin value="US6934751057"/>
					<ticker value="PNC"/>
				</identifiers>
				<balance>214114</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>27213889.4</valUSD>
				<pctVal>1.94150321462</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>PPG INDUSTRIES INC</name>
				<lei>N/A</lei>
				<title>COMMON STOCK USD1.66666</title>
				<cusip>693506107</cusip>
				<identifiers>
					<isin value="US6935061076"/>
					<ticker value="PPG"/>
				</identifiers>
				<balance>168392</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>22493803.36</valUSD>
				<pctVal>1.604761116302</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>PROCTER + GAMBLE CO/THE</name>
				<lei>N/A</lei>
				<title>COMMON STOCK</title>
				<cusip>742718109</cusip>
				<identifiers>
					<isin value="US7427181091"/>
					<ticker value="PG"/>
				</identifiers>
				<balance>192655</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>28645871.95</valUSD>
				<pctVal>2.043664235532</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>PROLOGIS INC</name>
				<lei>N/A</lei>
				<title>REIT USD.01</title>
				<cusip>74340W103</cusip>
				<identifiers>
					<isin value="US74340W1036"/>
					<ticker value="PLD"/>
				</identifiers>
				<balance>170263</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>21243714.51</valUSD>
				<pctVal>1.515576822019</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>SALESFORCE INC</name>
				<lei>N/A</lei>
				<title>COMMON STOCK USD.001</title>
				<cusip>79466L302</cusip>
				<identifiers>
					<isin value="US79466L3024"/>
					<ticker value="CRM"/>
				</identifiers>
				<balance>170354</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>34033322.12</valUSD>
				<pctVal>2.428017668808</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>20201778.68</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>20201778.68</valUSD>
				<pctVal>1.441242656342</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>SYSCO CORP</name>
				<lei>N/A</lei>
				<title>COMMON STOCK USD1.0</title>
				<cusip>871829107</cusip>
				<identifiers>
					<isin value="US8718291078"/>
					<ticker value="SYY"/>
				</identifiers>
				<balance>343395</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>26520395.85</valUSD>
				<pctVal>1.892027745059</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>T MOBILE US INC</name>
				<lei>N/A</lei>
				<title>COMMON STOCK USD.0001</title>
				<cusip>872590104</cusip>
				<identifiers>
					<isin value="US8725901040"/>
					<ticker value="TMUS"/>
				</identifiers>
				<balance>228108</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>33039162.72</valUSD>
				<pctVal>2.35709198661</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>TARGET CORP</name>
				<lei>N/A</lei>
				<title>COMMON STOCK USD.0833</title>
				<cusip>87612E106</cusip>
				<identifiers>
					<isin value="US87612E1064"/>
					<ticker value="TGT"/>
				</identifiers>
				<balance>165273</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>27374166.99</valUSD>
				<pctVal>1.952937796853</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>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>187497</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>24590231.55</valUSD>
				<pctVal>1.754325260195</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>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>198803</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>36575775.94</valUSD>
				<pctVal>2.609402335733</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>UNITED PARCEL SERVICE CL B</name>
				<lei>N/A</lei>
				<title>COMMON STOCK USD.01</title>
				<cusip>911312106</cusip>
				<identifiers>
					<isin value="US9113121068"/>
					<ticker value="UPS"/>
				</identifiers>
				<balance>117997</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>22890238.03</valUSD>
				<pctVal>1.633043702995</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>VERTEX PHARMACEUTICALS INC</name>
				<lei>N/A</lei>
				<title>COMMON STOCK USD.01</title>
				<cusip>92532F100</cusip>
				<identifiers>
					<isin value="US92532F1003"/>
					<ticker value="VRTX"/>
				</identifiers>
				<balance>75058</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>23648524.06</valUSD>
				<pctVal>1.687141621275</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>VISA INC CLASS A SHARES</name>
				<lei>N/A</lei>
				<title>COMMON STOCK USD.0001</title>
				<cusip>92826C839</cusip>
				<identifiers>
					<isin value="US92826C8394"/>
					<ticker value="V"/>
				</identifiers>
				<balance>162654</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>36671970.84</valUSD>
				<pctVal>2.616265107343</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>437111</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>31235952.06</valUSD>
				<pctVal>2.228446674594</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>WALT DISNEY CO/THE</name>
				<lei>N/A</lei>
				<title>COMMON STOCK USD.01</title>
				<cusip>254687106</cusip>
				<identifiers>
					<isin value="US2546871060"/>
					<ticker value="DIS"/>
				</identifiers>
				<balance>409592</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>41012446.96</valUSD>
				<pctVal>2.925924936414</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>WEYERHAEUSER CO</name>
				<lei>N/A</lei>
				<title>REIT USD1.25</title>
				<cusip>962166104</cusip>
				<identifiers>
					<isin value="US9621661043"/>
					<ticker value="WY"/>
				</identifiers>
				<balance>479100</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>14435283</valUSD>
				<pctVal>1.029847220164</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>XYLEM INC</name>
				<lei>N/A</lei>
				<title>COMMON STOCK</title>
				<cusip>98419M100</cusip>
				<identifiers>
					<isin value="US98419M1009"/>
					<ticker value="XYL"/>
				</identifiers>
				<balance>160350</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>16788645</valUSD>
				<pctVal>1.19774162956</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>2023-05-26</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>
	<documents>XXXX</documents>
</edgarSubmission>
