Agree Realty Corp.

NPORT-P false 0000076721 XXXXXXXX S000021459 C000128850 C000061360 C000061361 IMPAX FUNDS SERIES TRUST I 811-02064 0000076721 549300TD5R23SWU72456 30 Penhallow St., Suite 100 Portsmouth 03801 603-431-8022 Impax Small Cap Fund S000021459 549300GOOKRMB3XGNR17 2025-12-31 2025-09-30 N 728517114.63 735163.12 727781951.51 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 10623001.61999999 UST Agree Realty Corp. N/A Agree Realty Corp. 008492100 200000.00000000 NS USD 14208000.00000000 1.952233078949 Long EC CORP US N 1 N N N Autoliv, Inc. A23RUXWKASG834LTMK28 Autoliv, Inc. 052800109 45000.00000000 NS USD 5557500.00000000 0.763621574905 Long EC CORP US N 1 N N N Ligand Pharmaceuticals, Inc. 5493008K7TB0IKP37H79 Ligand Pharmaceuticals, Inc. 53220K504 200208.00000000 NS USD 35464845.12000000 4.873004207705 Long EC CORP US N 1 N N N TechTarget, Inc. 529900YQA5JL2H2VMB84 TechTarget, Inc. 87874R308 888887.00000000 NS USD 5164433.47000000 0.709612743114 Long EC CORP US N 1 N N N BJ's Wholesale Club Holdings, Inc. 549300UCIWH1C93V0J03 BJ's Wholesale Club Holdings, Inc. 05550J101 119955.00000000 NS USD 11185803.75000000 1.536971853560 Long EC CORP US N 1 N N N Neurocrine Biosciences, Inc. 549300FECER0XBN49756 Neurocrine Biosciences, Inc. 64125C109 75000.00000000 NS USD 10528500.00000000 1.446655825712 Long EC CORP US N 1 N N N OmniAb, Inc. N/A OmniAb, Inc. 68218J301 88856.00000000 NS USD 0.09000000 0.000000012366 Long CORP US N 3 N N N Freshpet, Inc. 549300S4ZK8ZQ6HNPN59 Freshpet, Inc. 358039105 70000.00000000 NS USD 3857700.00000000 0.530062608999 Long EC CORP US N 1 N N N Merit Medical Systems, Inc. 549300OYTY138SP2CE83 Merit Medical Systems, Inc. 589889104 100000.00000000 NS USD 8323000.00000000 1.143611762112 Long EC CORP US N 1 N N N Howard Hughes Holdings, Inc. 254900TY494BHXIU6M60 Howard Hughes Holdings, Inc. 44267T102 110000.00000000 NS USD 9038700.00000000 1.241951656158 Long EC CORP US N 1 N N N US Foods Holding Corp. 549300UGOZSO64CFPR97 US Foods Holding Corp. 912008109 210000.00000000 NS USD 16090200.00000000 2.210854496544 Long EC CORP US N 1 N N N Roivant Sciences Ltd. 549300DL466NY5J6U724 Roivant Sciences Ltd. N/A 1800000.00000000 NS USD 27234000.00000000 3.742054875570 Long EC CORP BM N 1 N N N Cytokinetics, Inc. 549300BE5DY1HW7IHA64 Cytokinetics, Inc. 23282W605 175000.00000000 NS USD 9618000.00000000 1.321549672954 Long EC CORP US N 1 N N N Visteon Corp. 549300MOVLYHRW4GGW78 Visteon Corp. 92839U206 40000.00000000 NS USD 4794400.00000000 0.658768741111 Long EC CORP US N 1 N N N SI-BONE, Inc. 549300J8JGYVJJHV9C31 SI-BONE, Inc. 825704109 1025010.00000000 NS USD 15088147.20000000 2.073168641884 Long EC CORP US N 1 N N N Casella Waste Systems, Inc. 8EU0XUFVJ48U37IIDH51 Casella Waste Systems, Inc., Class A 147448104 80000.00000000 NS USD 7590400.00000000 1.042949743979 Long EC CORP US N 1 N N N Pinnacle Financial Partners, Inc. 54930098EZ8JMSAZGS24 Pinnacle Financial Partners, Inc. 72346Q104 150000.00000000 NS USD 14068500.00000000 1.933065249943 Long EC CORP US N 1 N N N Vital Farms, Inc. 549300S6NYY7ER3XOT61 Vital Farms, Inc. 92847W103 108915.00000000 NS USD 4481852.25000000 0.615823495031 Long EC CORP US N 1 N N N Mitek Systems, Inc. 549300ABZAQ3R25XG118 Mitek Systems, Inc. 606710200 1195000.00000000 NS USD 11675150.00000000 1.604209883987 Long EC CORP US N 1 N N N Eastern Bankshares, Inc. 549300J245MBQU3DO403 Eastern Bankshares, Inc. 27627N105 1000000.00000000 NS USD 18150000.00000000 2.493878827627 Long EC CORP US N 1 N N N Victory Capital Holdings, Inc. 549300BN5LH2CIPPHS71 Victory Capital Holdings, Inc., Class A 92645B103 600000.00000000 NS USD 38856000.00000000 5.338961748004 Long EC CORP US N 1 N N Workiva, Inc. 529900RTOQ8GRWHY1O58 Workiva, Inc., Class A 98139A105 136086.00000000 NS USD 11714282.88000000 1.609586890097 Long EC CORP US N 1 N N N Lyft, Inc. 549300H7I5VN334XVZ52 Lyft, Inc., Class A 55087P104 600000.00000000 NS USD 13206000.00000000 1.814554479209 Long EC CORP US N 1 N N N Advanced Drainage Systems, Inc. 6QQTOZ5MF5DHM7K92I60 Advanced Drainage Systems, Inc. 00790R104 56489.00000000 NS USD 7835024.30000000 1.076562050452 Long EC CORP US N 1 N N N Warby Parker, Inc. N/A Warby Parker, Inc., Class A 93403J106 385000.00000000 NS USD 10618300.00000000 1.458994686247 Long EC CORP US N 1 N N N Element Solutions, Inc. 549300FLGN6P5CU20J91 Element Solutions, Inc. 28618M106 591946.00000000 NS USD 14899280.82000000 2.047217685061 Long EC CORP US N 1 N N N Pacira BioSciences, Inc. N/A Pacira BioSciences, Inc. 695127100 600027.00000000 NS USD 15462695.79000000 2.124633038497 Long EC CORP US N 1 N N N Columbia Sportswear Co. 549300OTMCIEUXAH5Z60 Columbia Sportswear Co. 198516106 90515.00000000 NS USD 4733934.50000000 0.650460552117 Long EC CORP US N 1 N N N Simply Good Foods Co. (The) N/A Simply Good Foods Co. (The) 82900L102 258620.00000000 NS USD 6418948.40000000 0.881987851812 Long EC CORP US N 1 N N N Graphic Packaging Holding Co. N/A Graphic Packaging Holding Co. 388689101 300000.00000000 NS USD 5871000.00000000 0.806697663746 Long EC CORP US N 1 N N N Generac Holdings, Inc. 529900S2H2AHJHSFFI84 Generac Holdings, Inc. 368736104 45000.00000000 NS USD 7533000.00000000 1.035062766309 Long EC CORP US N 1 N N N Acadian Asset Management, Inc. 5493004FTLQNQTBOP608 Acadian Asset Management, Inc. 10948W103 765484.00000000 NS USD 36865709.44000000 5.065488277568 Long EC CORP US N 1 N N N Health Catalyst, Inc. 549300223PL6GWKVJG92 Health Catalyst, Inc. 42225T107 2750000.00000000 NS USD 7837500.00000000 1.076902221020 Long EC CORP US N 1 N N N Extreme Networks, Inc. 549300WRECW11X94UB57 Extreme Networks, Inc. 30226D106 855178.00000000 NS USD 17659425.70000000 2.426472058473 Long EC CORP US N 1 N N N Enovis Corp. 635400OP2DYYYMOIYL17 Enovis Corp. 194014502 310630.00000000 NS USD 9424514.20000000 1.294963990305 Long EC CORP US N 1 N N Array Technologies, Inc. 549300JM5FECYJQ85V37 Array Technologies, Inc. 04271T100 1250000.00000000 NS USD 10187500.00000000 1.399801132586 Long EC CORP US N 1 N N JPMorgan Prime Money Market Fund N/A JPMorgan Prime Money Market Fund N/A 23809395.51000000 NS USD 23809395.51000000 3.271501232010 Long STIV RF US N 1 N N N GeneDx Holdings Corp. N/A GeneDx Holdings Corp., Class A 81663L200 50000.00000000 NS USD 5387000.00000000 0.740194228343 Long EC CORP US N 1 N N N MSA Safety, Inc. 529900DVA3258XK11O39 MSA Safety, Inc. 553498106 35000.00000000 NS USD 6022450.00000000 0.827507468068 Long EC CORP US N 1 N N N Ciena Corp. W0CZ7N0GH8UIGXDM1H41 Ciena Corp. 171779309 110239.00000000 NS USD 16058515.13000000 2.206500875252 Long EC CORP US N 1 N N N RenaissanceRe Holdings Ltd. EK6GB9U3U58PDI411C94 RenaissanceRe Holdings Ltd. N/A 27500.00000000 NS USD 6983075.00000000 0.959500985908 Long EC CORP BM N 1 N N N A10 Networks, Inc. 549300UQD4IWUML81Q35 A10 Networks, Inc. 002121101 360000.00000000 NS USD 6534000.00000000 0.897796377945 Long EC CORP US N 1 N N N Planet Fitness, Inc. 549300LLE5HUPF6H8G33 Planet Fitness, Inc., Class A 72703H101 194271.00000000 NS USD 20165329.80000000 2.770792784591 Long EC CORP US N 1 N N N Cullen/Frost Bankers, Inc. 529900V2E9G9AY665O34 Cullen/Frost Bankers, Inc. 229899109 115000.00000000 NS USD 14578550.00000000 2.003148054132 Long EC CORP US N 1 N N N Wyndham Hotels & Resorts, Inc. 549300FE3MQ4RVXXC673 Wyndham Hotels & Resorts, Inc. 98311A105 120000.00000000 NS USD 9588000.00000000 1.317427559189 Long EC CORP US N 1 N N N Trex Co., Inc. N/A Trex Co., Inc. 89531P105 140000.00000000 NS USD 7233800.00000000 0.993951551696 Long EC CORP US N 1 N N N WillScot Holdings Corp. 549300HJ4VIXF476Q166 WillScot Holdings Corp. 971378104 275000.00000000 NS USD 5805250.00000000 0.797663364412 Long EC CORP US N 1 N N N Onto Innovation, Inc. 254900RXZVN73CHOO062 Onto Innovation, Inc. 683344105 74057.00000000 NS USD 9569645.54000000 1.314905586782 Long EC CORP US N 1 N N N INVESCO GOVT AND AGCY LEX O37NHJVF7S22I1ONOU83 INVESCO GOVERNMENT & AGENCY PORTFOLIO OPEN-END FUND USD 825252885 43400.00000000 PA USD 43400.00000000 0.005963324579 Long STIV RF US N 1 N N Travere Therapeutics, Inc. N/A Travere Therapeutics, Inc. 89422G107 475000.00000000 NS USD 11352500.00000000 1.559876550448 Long EC CORP US N 1 N N N Terreno Realty Corp. N/A Terreno Realty Corp. 88146M101 120000.00000000 NS USD 6810000.00000000 0.935719824580 Long EC CORP US N 1 N N N Gates Industrial Corp. plc 549300S6K4FWUSB9KM27 Gates Industrial Corp. plc N/A 317713.00000000 NS USD 7885636.66000000 1.083516380646 Long EC CORP GB N 1 N N N Modine Manufacturing Co. Z35SZFYJR8GZZRSIUU09 Modine Manufacturing Co. 607828100 40000.00000000 NS USD 5686400.00000000 0.781332923714 Long EC CORP US N 1 N N N Rivian Automotive, Inc. 25490004LNKJ84MFYY24 Rivian Automotive, Inc., Class A 76954A103 450000.00000000 NS USD 6606000.00000000 0.907689450981 Long EC CORP US N 1 N N Rayonier, Inc. HGV8VDVNL0W6SF2U9C50 Rayonier, Inc. 754907103 318874.00000000 NS USD 8462915.96000000 1.162836745599 Long EC CORP US N 1 N N N Prestige Consumer Healthcare, Inc. N/A Prestige Consumer Healthcare, Inc. 74112D101 110000.00000000 NS USD 6864000.00000000 0.943139629357 Long EC CORP US N 1 N N N TriMas Corp. 75G1WUQ8QK4P5MZOYD78 TriMas Corp. 896215209 230000.00000000 NS USD 8887200.00000000 1.221134981646 Long EC CORP US N 1 N N N NetScout Systems, Inc. 5493005HZXZ3SPNVCV76 NetScout Systems, Inc. 64115T104 580000.00000000 NS USD 14981400.00000000 2.058501171802 Long EC CORP US N 1 N N N Arcosa, Inc. 549300WFHLTCZV7D6V29 Arcosa, Inc. 039653100 141500.00000000 NS USD 13259965.00000000 1.821969474852 Long EC CORP US N 1 N N N Voya Financial, Inc. 549300T065Z4KJ686G75 Voya Financial, Inc. 929089100 140000.00000000 NS USD 10472000.00000000 1.438892511455 Long EC CORP US N 1 N N N 8x8, Inc. 254900XWSOC5U1BRW939 8x8, Inc. 282914100 2000000.00000000 NS USD 4240000.00000000 0.582592078740 Long EC CORP US N 1 N N N Quanex Building Products Corp. 5493000TL30VL5WOAW87 Quanex Building Products Corp. 747619104 337750.00000000 NS USD 4802805.00000000 0.659923619984 Long EC CORP US N 1 N N N Enpro, Inc. 549300Y5CFT2LKCFDN54 Enpro, Inc. 29355X107 48000.00000000 NS USD 10848000.00000000 1.490556337305 Long EC CORP US N 1 N N N Dycom Industries, Inc. 549300F56EKTHQI3WT60 Dycom Industries, Inc. 267475101 43000.00000000 NS USD 12545680.00000000 1.723824007172 Long EC CORP US N 1 N N N OmniAb, Inc. N/A OmniAb, Inc., Earnout Shares 68218J202 88856.00000000 NS USD 0.09000000 0.000000012366 Long CORP US N 3 N N N 2025-10-30 IMPAX FUNDS SERIES TRUST I Daniel Saltus Daniel Saltus Treasurer XXXX