Overview
An investment-grade bond strategy focused on the opportunities and risks arising from 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
A fossil fuel free strategy that 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
Month End | Quarter End | Average Annual Returns (%) | |||||||
---|---|---|---|---|---|---|---|---|
1m | 3m | YTD | 1yr | 3yrs | 5yrs | 10yrs | Since Inception | |
Impax Core Bond Fund – Investor Class | 0.55 | 0.33 | 3.56 | -1.09 | -3.19 | 0.77 | | 0.80 |
Impax Core Bond Fund – Institutional Class | 0.69 | 0.39 | 3.64 | -0.84 | -2.95 | 1.02 | | 1.05 |
Bloomberg US Aggregate Index | 0.61 | 0.49 | 3.59 | -0.43 | -3.15 | 1.18 | | 1.30 |
Lipper Core Bond Funds Index | 0.64 | 0.45 | 3.94 | -0.44 | -2.26 | 1.45 | | 1.56 |
Morningstar Intermediate Core Bond | 0.58 | 0.47 | 3.60 | -0.83 | -2.72 | 1.02 | | |
Quarterly Total Returns
Month End | Quarter End | Average Annual Returns (%) | |||||||
---|---|---|---|---|---|---|---|---|
1m | 3m | YTD | 1yr | 3yrs | 5yrs | 10yrs | Since Inception | |
Impax Core Bond Fund – Investor Class | 2.31 | 2.99 | 2.99 | -5.07 | -2.73 | 0.52 | | 0.72 |
Impax Core Bond Fund – Institutional Class | 2.33 | 2.93 | 2.93 | -4.94 | -2.52 | 0.74 | | 0.95 |
Bloomberg US Aggregate Index | 2.54 | 2.96 | 2.96 | -4.78 | -2.77 | 0.91 | | 1.22 |
Lipper Core Bond Funds Index | 2.39 | 3.27 | 3.27 | -4.87 | -1.69 | 1.18 | | 1.48 |
Morningstar Intermediate Core Bond | 2.31 | 2.99 | 2.99 | -5.07 | -2.26 | 0.75 | | |
Yield~
30 Day SEC Yield (%) | Annual Distribution Yield (%) | 30 Day Distribution Yield (%) | |
---|---|---|---|
Impax Core Bond Fund – Institutional Class | 3.89 | 2.86 | 3.07 |
Risk Statistics
Intermediate Core Bond | Overall | 3yrs | 5yrs | 10yrs | |
---|---|---|---|---|---|
Impax Core Bond Fund – Investor Class | Rating | ★★ | ★★★ | ★★ | – |
Impax Core Bond Fund – Institutional Class | Rating | ★★★ | ★★★ | ★★★ | – |
# In Peer Group | 416 | 416 | 380 | – |
Core Bond | 1yr | 3yrs | 5yrs | 10yrs | |
---|---|---|---|---|---|
Impax Core Bond Fund – Investor Class | Percentile Rank | 55 | 84 | 78 | |
Prime Rank | 282 | 413 | 363 | | |
# In Peer Group | 520 | 497 | 470 | | |
Impax Core Bond Fund – Institutional Class | Percentile Rank | 43 | 72 | 60 | |
Prime Rank | 223 | 353 | 280 | | |
# In Peer Group | 520 | 497 | 470 | |
Asset Allocation
Portfolio Statistics
Value | |
---|---|
Value | |
Assets (all share classes) | $830,593,860 |
Number of Holdings (All) | 494 |
Turnover Ratio (12/31/2022) | 70 |
Top Sectors
Fixed Income Characteristics
Value | |
---|---|
Value | |
Effective Yield† | 4.61 |
Current Yield (Weighted Average)‡ | 3.44 |
Average Coupon (Weighted Average) | 3.27 |
Effective Duration | 6.16 |
Years to Maturity (Weighted Average) | 13.87 |
Top 10 Holdings
Portfolio % | |
---|---|
Portfolio % | |
Government Of The United States Of America 3.875% 02/15/43 | 4.90 |
Government Of The United States Of America 3.625% 02/15/53 | 3.10 |
Government Of The United States Of America 3.625% 03/31/28 | 2.50 |
Government Of The United States Of America 3.5% 02/15/33 | 1.30 |
Government Of The United States Of America 4.625% 03/15/26 | 1.20 |
International Bank For Reconstruction & Development, 1.625%, 1/15/25 | 0.90 |
European Investment Bank, 3.25%, 1/29/24 | 0.70 |
Kfw Bankengruppe, 2.625%, 2/28/24 | 0.60 |
United States Treasury Note, 0.375%, 7/15/27 | 0.60 |
International Bank For Reconstruction & Development, 0.625%, 4/22/25 | 0.60 |