AUM
$886,779,318
Holdings
444
Launch Date
December 2016
Portfolio Manager
Anthony Trzcinka, CFA®
Morningstar Low Carbon Designation™
Low Carbon logo
US Fixed Income as of 07/31/24.
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 (%)
1m3mYTD1yr3yrs5yrs10yrsSince
Inception
Impax Core Bond Fund – Investor Class1.424.613.137.14-2.23-0.291.29
Impax Core Bond Fund – Institutional Class1.334.563.197.28-2.02-0.071.53
Bloomberg US Aggregate Index1.444.793.077.30-2.11-0.041.71
Morningstar Intermediate Core Bond1.444.753.437.45-2.070.06

Quarterly Total Returns

(As of 06/30/2024)
Month End | Quarter End
Month End | Quarter End Average Annual Returns (%)
1m3mYTD1yr3yrs5yrs10yrsSince
Inception
Impax Core Bond Fund – Investor Class0.990.09-0.432.64-3.10-0.450.85
Impax Core Bond Fund – Institutional Class0.890.15-0.422.90-2.90-0.251.08
Bloomberg US Aggregate Index0.950.07-0.712.63-3.02-0.231.25
Morningstar Intermediate Core Bond1.010.23-0.283.05-2.99-0.15
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)
 3 – Year
3 – Year
Standard Deviation 7.20
Alpha -0.02
Beta 0.96
R-Squared 100
Standard Deviation 7.22
Alpha
Beta 0.96
R-Squared 100

Morningstar Ratings

(As of 08/31/2024)
 Intermediate Core BondOverall3yrs5yrs10yrs
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.

Lipper Rankings

(As of 08/31/2024)
 Core Bond1yr3yrs5yrs10yrs
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.

Net Asset Values

(As of 10/03/2024)
 N.A.V.% Change
Impax Core Bond Fund – Institutional Class $9.00 -0.44
Impax Core Bond Fund – Investor Class $9.01 -0.33
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 Yield4.50
Current Yield (Weighted Average)4.10
Average Coupon (Weighted Average)4.00
Effective Duration6.10
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

Credit Quality

(As of 08/31/2024)

Portfolio Management Team

A water droplet forms concentric rings on the surface of a pond
Contact Us

Please visit the contact page to find your regional representative.

Scroll to top
To get started, please select your location and investor type below.

If you are invested in Impax Funds – regardless of share class (Investor, Institutional, or Class A) or account type (individual, business or other entity) please select Impax Funds Investor as your Investor Type.

Access Impax Asset Management Limited’s Form CRS here.

Important Information

I confirm that I am an [investor_type] based in [investor_country] and that I have read and understood the important information, privacy policy and terms and conditions which govern the use of this website.

Risk Warning

Capital at risk. The value of investments may go up or down and is not guaranteed.