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 | 1.47 | -13.16 | -13.16 | -2.98 | -0.36 | | 0.26 |
Impax Core Bond Fund – Institutional Class | -0.53 | 1.54 | -12.94 | -12.94 | -2.74 | -0.12 | | 0.51 |
Bloomberg Barclays US Aggregate Index | -0.45 | 1.87 | -13.01 | -13.01 | -2.71 | 0.02 | | 0.78 |
Lipper Core Bond Funds Index | -0.60 | 1.86 | -13.39 | -13.39 | -2.40 | 0.24 | | 1.00 |
Morningstar Intermediate Core Bond | -0.51 | 1.57 | -13.32 | -13.32 | -2.74 | -0.16 | | |
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 | -0.55 | 1.47 | -13.16 | -13.16 | -2.98 | -0.36 | | 0.26 |
Impax Core Bond Fund – Institutional Class | -0.53 | 1.54 | -12.94 | -12.94 | -2.74 | -0.12 | | 0.51 |
Bloomberg Barclays US Aggregate Index | -0.45 | 1.87 | -13.01 | -13.01 | -2.71 | 0.02 | | 0.78 |
Lipper Core Bond Funds Index | -0.60 | 1.86 | -13.39 | -13.39 | -2.40 | 0.24 | | 1.00 |
Morningstar Intermediate Core Bond | -0.51 | 1.57 | -13.32 | -13.32 | -2.74 | -0.16 | | |
Yield~
30 Day SEC Yield (%) | Annual Distribution Yield (%) | 30 Day Distribution Yield (%) | |
---|---|---|---|
Impax Core Bond Fund – Investor Class | 3.75 | 2.38 | 2.98 |
Impax Core Bond Fund – Institutional Class | 4.01 | 2.67 | 3.24 |
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 | 403 | 403 | 368 | – |
Core Bond | 1yr | 3yrs | 5yrs | 10yrs | |
---|---|---|---|---|---|
Impax Core Bond Fund – Investor Class | Percentile Rank | 25 | 71 | 76 | |
Prime Rank | 124 | 337 | 340 | | |
# In Peer Group | 510 | 478 | 449 | | |
Impax Core Bond Fund – Institutional Class | Percentile Rank | 20 | 52 | 57 | |
Prime Rank | 99 | 247 | 255 | | |
# In Peer Group | 510 | 478 | 449 | |
Asset Allocation
Portfolio Statistics
Value | |
---|---|
Assets (all share classes) | $797,577,215 |
Number of Holdings (All) | 494 |
Turnover Ratio (12/31/2021) | 48 |
Top Sectors
Fixed Income Characteristics
Value | |
---|---|
Effective Yield† | 4.96 |
Current Yield (Weighted Average)‡ | 3.38 |
Average Coupon (Weighted Average) | 3.11 |
Effective Duration | 5.97 |
Years to Maturity (Weighted Average) | 13.43 |
Top 10 Holdings
Portfolio % | |
---|---|
United States Treasury Note, 4.0% 11/15/42 | 4.40 |
United States Treasury Note, 3.875% 11/30/27 | 3.50 |
United States Treasury Note, 4.0% 11/15/52 | 2.70 |
United States Treasury Note, 4.125% 11/15/32 | 1.20 |
European Investment Bank, 3.25%, 1/29/24 | 1.00 |
International Bank For Reconstruction & Development, 1.625%, 1/15/25 | 1.00 |
European Investment Bank, 2.5%, 3/15/23 | 0.60 |
Kfw Bankengruppe, 2.625%, 2/28/24 | 0.60 |
United States Treasury Note, 0.125%, 7/15/24 | 0.60 |
United States Treasury Note, 0.375%, 7/15/27 | 0.60 |