AUM
$886,779,318
Holdings
444
Launch Date
December 2016
Portfolio Manager
Anthony Trzcinka, CFA®
Morningstar Low Carbon Designation™‡
US Fixed Income as of 07/31/24.
Based on 49% of AUM.
Based on 49% of AUM.
Overview
A diversified, multi-sector, investment grade bond strategy that seeks to invest in issuers aligned with the transition to a more sustainable economy.
Quality
Maintains high quality portfolio with an overall interest rate risk profile and sector diversification similar to the Bloomberg Barclays US Aggregate Bond Index.
Sustainability
Uses proprietary sustainability lens and ESG research to better manage risk and identify opportunities.
Impact
Allocates a significant portion of the portfolio to impact bonds that provide a range of positive societal and environmental benefits.
Monthly Total Returns
(As of 08/31/2024)
Month End | Quarter End
Month End | Quarter End | Average Annual Returns (%) | |||||||
---|---|---|---|---|---|---|---|---|
1m | 3m | YTD | 1yr | 3yrs | 5yrs | 10yrs | Since Inception | |
Impax Core Bond Fund – Investor Class | 1.42 | 4.61 | 3.13 | 7.14 | -2.23 | -0.29 | | 1.29 |
Impax Core Bond Fund – Institutional Class | 1.33 | 4.56 | 3.19 | 7.28 | -2.02 | -0.07 | | 1.53 |
Bloomberg US Aggregate Index | 1.44 | 4.79 | 3.07 | 7.30 | -2.11 | -0.04 | | 1.71 |
Morningstar Intermediate Core Bond | 1.44 | 4.75 | 3.43 | 7.45 | -2.07 | 0.06 | | |
Quarterly Total Returns
(As of 06/30/2024)
Month End | Quarter End
Month End | Quarter End | Average Annual Returns (%) | |||||||
---|---|---|---|---|---|---|---|---|
1m | 3m | YTD | 1yr | 3yrs | 5yrs | 10yrs | Since Inception | |
Impax Core Bond Fund – Investor Class | 0.99 | 0.09 | -0.43 | 2.64 | -3.10 | -0.45 | | 0.85 |
Impax Core Bond Fund – Institutional Class | 0.89 | 0.15 | -0.42 | 2.90 | -2.90 | -0.25 | | 1.08 |
Bloomberg US Aggregate Index | 0.95 | 0.07 | -0.71 | 2.63 | -3.02 | -0.23 | | 1.25 |
Morningstar Intermediate Core Bond | 1.01 | 0.23 | -0.28 | 3.05 | -2.99 | -0.15 | | |
Performance data quoted represent past performance, which does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted.
Yield~
(As of 08/31/2024)
30 Day SEC Yield (%) | Annual Distribution Yield (%) | 30 Day Distribution Yield (%) | |
---|---|---|---|
Impax Core Bond Fund – Investor Class | 3.72 | 3.27 | 3.41 |
Impax Core Bond Fund – Institutional Class | 3.97 | 3.51 | 3.65 |
~30 Day Distribution Yield: Fund income distribution paid in the preceding 30 days annualized. Annual Distribution Yield: Actual annual income distribution paid including capital gains. 30 Day SEC Yield: An annualized yield based on the most recent 30-day period.
Risk Statistics
(As of 08/31/2024)
Intermediate Core Bond | Overall | 3yrs | 5yrs | 10yrs | |
---|---|---|---|---|---|
Impax Core Bond Fund – Investor Class | Rating | ★★ | ★★★ | ★★ | – |
Impax Core Bond Fund – Institutional Class | Rating | ★★★ | ★★★ | ★★★ | – |
# In Peer Group | 413 | 413 | 372 | – |
Based on risk adjusted returns.
Core Bond | 1yr | 3yrs | 5yrs | 10yrs | |
---|---|---|---|---|---|
Impax Core Bond Fund – Investor Class | Percentile Rank | 78 | 53 | 84 | |
Prime Rank | 405 | 259 | 386 | | |
# In Peer Group | 522 | 490 | 462 | | |
Impax Core Bond Fund – Institutional Class | Percentile Rank | 69 | 33 | 65 | |
Prime Rank | 360 | 161 | 297 | | |
# In Peer Group | 522 | 490 | 462 | |
Based on total returns.
Past performance does not guarantee future results.
Asset Allocation
(As of 08/31/2024)
Portfolio Statistics
(As of 08/31/2024)
Value | |
---|---|
Value | |
Assets (all share classes) | $886,779,318 |
Number of Holdings (All) | 444 |
Turnover Ratio (12/31/2023) | 79 |
Top Sectors
(As of 08/31/2024)
Fixed Income Characteristics
(As of 08/31/2024)
Value | |
---|---|
Value | |
Effective Yield† | 4.50 |
Current Yield (Weighted Average)‡ | 4.10 |
Average Coupon (Weighted Average) | 4.00 |
Effective Duration | 6.10 |
Years to Maturity (Weighted Average) | 15.00 |
Top 10 Holdings
(As of 08/31/2024)
Portfolio % | |
---|---|
Portfolio % | |
United States Treasury Note, 4.375% 07/15/27 | 6.80 |
United States Treasury Note, 4.0% 07/31/29 | 5.40 |
United States Treasury Note, 4.625% 05/15/44 | 5.00 |
United States Treasury Note, 4.625% 05/15/54 | 3.70 |
United States Treasury Note, 4.25% 06/30/31 | 0.80 |
Fhlmc 30yr Pool#rj0694 5.500% 01/01/54 | 0.70 |
Kfw, 0.625%, 1/22/26 | 0.50 |
Inter-american Development Bank 3.5% 9/14/29 | 0.50 |
Ginnie Mae II Pool 2.5% 8/20/52 | 0.50 |
Ginnie Mae II Pool 3.00% 6/20/53 | 0.50 |