Launch date
March 2015
Portfolio manager
Anthony Trzcinka
Asset class
US Investment Grade


An investment-grade bond strategy focused on the opportunities and risks arising from the transition to a more sustainable economy.


Maintains high quality portfolio with an overall interest rate risk profile and sector diversification similar to the Bloomberg Barclays US Aggregate Bond Index.


A fossil fuel free strategy that uses proprietary sustainability lens and ESG research to better manage risk and identify opportunities.


Allocates a significant portion of the portfolio to impact bonds that provide a range of positive societal and environmental benefits.

Discrete performance (%) USD

(As of 28/02/2023)
 2023 YTD20222021202020192018
Strategy (gross)0.78-12.54-0.937.658.550.49
Strategy (net)0.72-12.84-
Bloomberg Barclays US Aggregate Index0.41-13.01-1.547.518.720.01

All data as at 31 January 2023

These figures refer to the past. Past performance is not a reliable indicator of future results. The value of investments can fall as well as rise and you may get back less than you have invested. All data is in USD. Composite figures are presented both gross and net of management fees and include the reinvestment of all income. Source: FactSet/WM Reuters. Impax Asset Management Limited claims compliance with the Global Investment Performance Standards (GIPS®). Further information on composite data is available on request.

Investment Vehicles

Impax Core Bond Fund

Fixed income investing with impact.

An investment-grade strategy that allocates a significant portion of the portfolio to impact bonds that promote positive environmental and social outcomes.

Portfolio Manager

Anthony Trzcinka, CFA®

Senior Portfolio Manager, North America

Tony’s experience running impact bond strategies for almost two decade makes him a pioneer in the space and he has been responsible for overseeing multiple strategies since joining Impax Asset Management in 2003.

Prior to working at Impax, Tony spent three years as an Assistant Vice President at AEW Capital Management, a $90 billion Boston-based asset manager where he focused on analysis of public and private debt.

Tony is a CFA Charterholder and a member of the CFA Society Boston. He has an MBA from Northeastern University and a bachelor’s degree from the University of Massachusetts Amherst.

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