United StatesA-Share Sales Charge Breakpoints
| $0-$49,999 | $50,000-$99,999 | $100,000-$249,999 | $250,000-$499,999 | $500,000-$999,999 | $1 Million and Over | |
|---|---|---|---|---|---|---|
| FUND NAME | A SHARES MAXIMUM SALES CHARGE | |||||
| Impax Small Cap Fund | 5.50% | 4.50% | 3.50% | 2.50% | 2.00% | 1.00% CDSC (contingent deferred sales charge) may be charged on any shares sold within 18 months of purchase over $1 million. |
| Impax US Sustainable Economy Fund | 5.50% | 4.50% | 3.50% | 2.50% | 2.00% | |
| Impax Global Environmental Markets Fund | 5.50% | 4.50% | 3.50% | 2.50% | 2.00% | |
| Impax High Yield Bond Fund | 4.50% | 3.75% | 3.25% | 2.50% | 2.00% | |
Dealer Compensation
| $0-$49,999 | $50,000-$99,999 | $100,000-$249,999 | $250,000-$499,999 | $500,000-$999,999 | $1,000,000 or more Finder’s Fee | |
|---|---|---|---|---|---|---|
| FUND NAME | DEALER COMMISSION AS A % OF OFFERING PRICE | |||||
| Impax Small Cap Fund | 4.75% | 3.75% | 2.75% | 2.00% | 1.60% | Commissions (up to 1.00%) are paid to dealers who initiate and are responsible for certain Class A share purchases not subject to initial sales charges.† |
| Impax US Sustainable Economy Fund | 4.75% | 3.75% | 2.75% | 2.00% | 1.60% | |
| Impax Global Environmental Markets Fund | 4.75% | 3.75% | 2.75% | 2.00% | 1.60% | |
| Impax High Yield Bond Fund | 4.00% | 3.25% | 2.75% | 2.00% | 1.75% | |
Trails
In addition to the broker reallowance, all A share trades pay monthly dealer compensation based on a 25 basis point annualized rate.
Investor shares pay monthly dealer compensation on an annual rate of 25 basis points.
†These purchases consist of purchases of $1 million or more, purchases by employer-sponsored defined contribution-type retirement plans investing $1 million or more or with 100 or more eligible employees, and purchases made at net asset value by certain retirement plans, endowments and foundations with assets of $50 million or more. Commissions on such investments (other than IRA rollover assets that roll over at no sales charge under the Funds’ IRA rollover policy as described in the prospectus) are paid to dealers at the following rates: 1.00% on amounts of less than $4 million, 0.50% on amounts of at least $4 million but less than $10 million and 0.25% on amounts of at least $10 million. Commissions are based on cumulative investments over the life of the account with no adjustment for redemptions, transfers, or market declines. For example, if a shareholder has accumulated investments in excess of $4 million (but less than $10 million) and subsequently redeems all or a portion of the account(s), purchases following the redemption will generate a dealer commission of 0.50%.