PORTSMOUTH, N.H., July 14, 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 Large Cap Fund (PXLIX) was named Active ESG Mutual Fund of the Year at the 2022 With Intelligence Mutual Fund & ETF Awards

Judged by a panel of leading allocators, ETF strategists, independent directors, and consultants, the 29th annual With Intelligence Mutual Fund & ETF Awards recognize excellence in fund leadership, sales, marketing and performance.1  

The Active ESG Mutual Fund of the Year, awarded to the Pax Large Cap Fund, is granted to the most successful fund focused on issues related to environmental, social and governance factors or specific ESG objectives, as determined by a combination of several factors, including flows, performance, innovation, and fund objectives.  

“Having the Pax Large Cap Fund recognized by With Intelligence as Active ESG Mutual Fund of the Year is a distinct honor that we are incredibly proud to have earned,” says Andy Braun, Senior Portfolio Manager of the Pax Large Cap Fund at Impax Asset Management. “Our fund is a compelling option for investors looking to capture the opportunity presented by the transition to a more sustainable economy, and this award is a testament to the hard work and dedication of the entire portfolio management team.” 

About Impax Asset Management 

Founded in 1998, Impax is a specialist asset manager, with approximately $46.7bn as of 31 May 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 ca. 245 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.  


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: Investments involve risk, including potential loss of principal. 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. 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. 

Past performance does not guarantee future results. 

More information about the With Intelligence Mutual Fund & ETF Awards: The With Intelligence Mutual Fund & ETF Awards, granted annually, recognise and reward the top business leaders, creative minds, product development pros, innovators and fund performers over the past 12 months in the sector. The judging process is based on the views of a panel of allocators, ETF strategists, independent directors and consultants. The 2022 mutual fund performance awards were judged based on 2021 performance and flows. To be considered for newcomer categories, funds must have $25m AUM. For all other categories funds are required to be at least $50m. Funds launched before Jan. 1, 2021 are eligible for entry. For more information see: https://fundintelligence.evessiocloud.com/MFA/en/page/home 

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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