PORTSMOUTH, N.H., March 10, 2022 – Impax Asset Management, the specialist asset manager investing in the transition to a more sustainable economy, and investment adviser to the Pax World Funds, announced that its Pax Global Environmental Markets Fund (PGINX) has received two 2022 Refinitiv Lipper Fund Awards.

The Refinitiv Lipper Fund Awards annually recognize funds and managers that have excelled in delivering consistently strong risk-adjusted performance relative to their peers based on fund data and proprietary quantitative methodology.

The Pax Global Environmental Markets Fund (Institutional) received the:  

  • Best Global Multi-Cap Core Fund Over Three Years, out of 43 funds
  • Best Global Multi-Cap Core Fund Over Ten Years, out of 28 funds

“We are incredibly proud that the Pax Global Environmental Markets Fund has been recognized as a leader with these two Refinitiv Lipper Awards,” says Bruce Jenkyn-Jones, Chief Investment Officer, Listed Equities at Impax Asset Management. “The Fund is a compelling option for investors interested in capturing opportunities presented by the transition to a more sustainable economy. This award is an important recognition of the dedication of the whole portfolio management team.”

Robert Jenkins, Global Head of Research at Refinitiv Lipper, notes the 2022 awards recognize the fund managers who are successfully facing down market factors not seen in decades, including rising inflation, a thinning labor pool and continuing constraints on the global supply chain.

“Markets are ebbing and flowing along with the sentiments and emotions of investors as events continue to cloud outlooks and change perspectives,” Jenkins says. “Fund managers find themselves looking beyond earnings statements and factoring in impacts of viral waves — making active management more challenging than ever. We applaud Impax Asset Management for delivering outperformance and consistency to investors’ portfolios during a time of unprecedented change.”

About Impax Asset Management

Founded in 1998, Impax is a specialist asset manager, with approximately £37.0 billion/$49.6 billion as of January 31, 2022, in both listed and private markets strategies, investing in the opportunities arising from the transition to a more sustainable global economy.

Impax believes that capital markets will be shaped profoundly by global sustainability challenges, including climate change, pollution and essential investments in human capital, infrastructure and resource efficiency. These trends will drive growth for well-positioned companies and create risks for those unable or unwilling to adapt.

The company seeks to invest in higher quality companies with strong business models that demonstrate sound management of risk. Impax offers a well-rounded suite of investment solutions spanning multiple asset classes seeking superior risk-adjusted returns over the medium to long term.

Impax has approximately 225 staff across six offices in the United Kingdom, the United States, Ireland and Hong Kong, making it one of the investment management sector’s largest investment teams dedicated to sustainable development.


About the Lipper Awards

The Refinitiv Lipper Fund Awards, granted annually, highlight funds and fund companies that have excelled in delivering consistently strong risk-adjusted performance relative to their peers. The Refinitiv Lipper Fund Awards are based on the Lipper Leader for Consistent Return rating, which is a risk-adjusted performance measure calculated over 36, 60 and 120 months. The fund with the highest Lipper Leader for Consistent Return (Effective Return) value in each eligible classification wins the Refinitiv Lipper Fund Award. For more information, see lipperfundawards.com. Although Refinitiv Lipper makes reasonable efforts to ensure the accuracy and reliability of the data contained herein, the accuracy is not guaranteed by Refinitiv Lipper.

Mutual fund investing involves risk, including loss of principal.

You should always consider Pax World Funds’ investment objectives, risks, and charges and expenses carefully before investing. For this and other important information, please obtain a fund prospectus by calling 800.767.1729 or visiting www.impaxam.com. Please read it carefully before investing.

RISKS: Equity investments are subject to market fluctuations, the fund’s share price can fall because of weakness in the broad market, a particular industry, or specific holdings. Emerging market and international investments involve risk of capital loss from unfavorable fluctuations in currency values, differences in generally accepted accounting principles, economic or political instability in other nations or increased volatility and lower trading volume. The Fund is actively managed. The investment techniques and decisions of the investment adviser and the Fund’s portfolio manager(s), including the investment adviser’s assessment of a company’s ESG (Environmental, Social and Governance) profile when selecting investments for the Fund, may not produce the desired results and may adversely impact the Fund’s performance, including relative to other Funds that do not consider ESG factors or come to different conclusions regarding such factors.

Lipper, Inc., a Reuters company, is a nationally recognized organization that ranks the performance of mutual funds within a universe of funds that have similar investment objectives.

Past performance does not guarantee future results.

Copyright © 2022 Impax Asset Management LLC, formerly Pax World Management LLC. All rights reserved. Pax World Funds are distributed by Foreside Financial Services, LLC. Member: FINRA. Foreside Financial Services, LLC. is not affiliated with Impax Asset Management LLC.


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