United StatesDetails of the management fee breakpoints are provided in the table below.
| FUND | ASSETS | ANNUAL RATE |
|---|---|---|
| Impax US Sustainable Economy Fund | 0.65% for $1 - $225M AUM | 0.65%* |
| 0.55% for $225M - $375M AUM | ||
| 0.50% for $375M - $500M AUM | ||
| 0.45% for AUM over $500M | ||
| Impax Global Sustainable Infrastructure Fund | 0.65% for $1 - $150M AUM | 0.65%* |
| 0.55% for $150M - $375M AUM | ||
| 0.50% for $375M - $500M AUM | ||
| 0.45% for AUM over $500M | ||
| Impax Ellevate Global Women’s Leadership Fund | 0.55% for $1 - $375M AUM | 0.55%* |
| 0.50% for $375M - $750M AUM | ||
| 0.45% for AUM over $750M | ||
| Impax International Sustainable Economy Fund | 0.48% for $1 - $600M AUM | 0.48%* |
| 0.45% for $600M - $750M AUM | ||
| 0.40% for AUM over $750M | ||
| Impax Global Environmental Markets Fund | 0.80% for $1 - $1B AUM | 0.80%* |
| 0.75% for $1B - $1.5B AUM |
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| 0.70% for $1.5B - $2B AUM |
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| 0.65% for $2B - $3B AUM |
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| 0.60% for AUM over $3B |
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| Impax Large Cap Fund | 0.65% for $1 - $2B AUM | 0.65%* |
| 0.62% for $2B to $3B AUM | ||
| 0.58% for $3B to $4B AUM | ||
| 0.55% for AUM over $4B |
*The management fee is a unified fee that includes all of the operating costs and expenses of the Fund (other than taxes, charges of governmental agencies, interest, brokerage commissions incurred in connection with portfolio transactions, distribution and/or service fees payable under a plan pursuant to Rule 12b-1 under the Investment Company Act of 1940, acquired fund fees and expenses and extraordinary expenses), including accounting expenses, administrator, transfer agent and custodian fees, legal fees and other expenses. Other fees and expenses will apply.