Impax tools and expertise

Opportunity in an expanding impact bond universe

The transition to a more sustainable economy is driving new varieties of fixed income issuance that address new areas of risk.

Our impact bond considerations reach beyond just green bonds; there are a growing number of issuers offering bonds linked to various environmental and social impact themes.

Focus Areas
Affordable housingicon houseCommunity developmenticon storefront


Development financeicon globeEducationicon graduation cap


Environment & Energyicon factoryGender equality & women's empowermenticon business people


Sustainable infrastructure (U.S.)icon trainSustainable products & servicesicon lightbulb
 

Impax’s fixed income strategies

Impax seeks competitive risk-adjusted returns across its investment grade and high yield investment strategies.

CORE BONDHIGH YIELD BOND
Investment gradeFocused on the higher quality tiers
of the high yield market
Impax Sustainability LensImpax Sustainability Lens
ESG research integrationESG research integration
Impact bond allocationResearch-intensive credit selection
Fossil fuel freeFossil fuel free

Impax fixed income – A history of innovation

Impax has nearly five decades of expertise in fixed income sustainable investing, as bonds formed part of the Pax Balanced Fund (now called the Pax Sustainable Allocation Fund) — launched in 1971.

As an early investor in the impact bond market, Impax has witnessed, and in some instances helped shape, market innovation

Date of Impax's initial investment in select impact bullet Date of Impax's initial investment in select impact bondsDate of Impax and industry milestone bullet Date of Impax and industry milestone
COVID-19 corporate social bond
High yield green bond
2020Bullet for 2020 Date of initial investment in select impact
Gender-focused sustainable development 2019Bullet for 2019 Date of initial investment in select impact
Bullet for 2018 Date of Impax and industry milestone2018Impax Asset Management and Pax World Management join forces
Sustainable debt issuance reaches $1 trillion cumulative milestone1
U.S. mortgage green rewards2016Bullet for 2016 Date of initial investment in select impactBullet for 2016  Date of Impax and industry milestone2016Pax Core Bond Fund launched
Bullet for 2014 Date of Impax and industry milestone2014Green Bond Principles published by ICMA2
Corporate bank green bond2013Bullet for 2013 Date of initial investment in select impact
Supranational green bond2011Bullet for 2011 Date of initial investment in select impact
Community investment note2009Bullet for 2009 Date of initial investment in select impact
Bullet for 1999 Date of Impax and industry milestone1999Pax High Yield Bond Fund launched
First U.S. high yield bond fund to integrate ESG factors into the investment process
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