AUM
$761,862,779
Holdings
100-150
Launch Date
Launch Date (Institutional)
October 1993
April 2006
Portfolio Managers
Scott LaBreche
Christine Cappabianca
Morningstar Low Carbon Designation™
Low Carbon logo
Global Equity Large Cap as of 04/30/24.
Based on 99% of AUM.

Overview

A systematic, global large cap strategy that seeks to invest in companies that advance gender diversity and equity.

Proprietary Gender Score

The Impax Gender Score seeks to identify companies that advance diversity in leadership, gender equity in the workplace and who are committed to developing policies and programs that support diversity.

Gender Leaders

Capital is directed to companies with consistent representation of women in leadership roles and those that promote gender equity and diversity throughout their operations.

Impact

Impax’s shareholder engagement and public advocacy efforts aim to further promote gender equity and diversity in the workplace.

Monthly Total Returns

(As of 05/31/2024)
Month End | Quarter End
Month End | Quarter End Average Annual Returns (%)
1m3mYTD1yr3yrs5yrs10yrsSince
Reorganization1
Impax Ellevate Global Women’s Leadership Fund – Investor Class3.930.493.6015.651.188.217.247.27
Impax Ellevate Global Women’s Leadership Fund – Institutional Class3.920.553.7015.911.438.477.517.53
MSCI World (Net) Index4.473.829.5224.926.6712.769.139.12

Quarterly Total Returns

(As of 03/31/2024)
Month End | Quarter End
Month End | Quarter End Average Annual Returns (%)
1m3mYTD1yr3yrs5yrs10yrsSince
Reorganization1
Impax Ellevate Global Women’s Leadership Fund – Investor Class1.354.494.4915.763.618.137.707.49
Impax Ellevate Global Women’s Leadership Fund – Institutional Class1.404.574.5716.093.878.417.977.76
MSCI World (Net) Index3.218.888.8825.118.6012.079.399.22
The fund returns shown include the performance of the Pax Global Women’s Equality Fund, the predecessor to the Impax Ellevate Global Women’s Leadership Fund, for periods prior to 6/4/2014.

Prior to March 28, 2024, the Impax Ellevate Global Women’s Leadership Fund followed a different portfolio construction process with a different investment objective. Performance of the Fund for periods prior to March 28, 2024, may not be representative of the performance the Fund would have achieved had the Fund been following its current investment strategy. Please refer to the Performance Information section of the Fund’s Prospectus for additional information.

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.

Risk Statistics

(As of 05/31/2024)
 3 – Year
3 – Year
Standard Deviation 17.06
Alpha -0.43
Beta 0.99
R-Squared 97
Standard Deviation 17.07
Alpha -0.41
Beta 0.99
R-Squared 97

Morningstar Ratings

(As of 05/31/2024)
 Global Large-Stock BlendOverall3yrs5yrs10yrs
Impax Ellevate Global Women’s Leadership Fund – Investor Class Rating ★★ ★★ ★★ ★★
Impax Ellevate Global Women’s Leadership Fund – Institutional Class Rating ★★★ ★★ ★★ ★★★
  # In Peer Group 330 330 294 196
Based on risk adjusted returns.

Lipper Rankings

(As of 05/31/2024)
 Global Multi-Cap Core1yr3yrs5yrs10yrs
Impax Ellevate Global Women’s Leadership Fund – Investor Class Percentile Rank 85 80 94 81
  Prime Rank 96 80 85 45
  # In Peer Group 114 100 91 56
Impax Ellevate Global Women’s Leadership Fund – Institutional Class Percentile Rank 83 79 88 75
  Prime Rank 94 79 80 42
  # In Peer Group 114 100 91 56
Based on total returns.

Net Asset Values

(As of 06/14/2024)
 N.A.V.% Change
Impax Ellevate Global Women’s Leadership Fund – Institutional Class $33.43 -0.24
Impax Ellevate Global Women’s Leadership Fund – Investor Class $33.12 -0.24
Past performance does not guarantee future results.

Asset Allocation

(As of 05/31/2024)

Portfolio Statistics

(As of 05/31/2024)
 Value
Value
Assets (all share classes)$761,862,779
Number of Holdings (All)120
Turnover Ratio (12/31/2023)§32

Regions

(As of 05/31/2024)

Country Allocation

(As of 05/31/2024)
 Portfolio %
Portfolio %
United States 64.30
United Kingdom 10.80
France 4.90
Norway 2.70
Germany 2.00
Canada 3.20
Australia 3.10
Sweden 0.60
Netherlands 2.00
Denmark 1.40
Italy 0.30
Finland 1.10
New Zealand 2.90

Top Sectors

(As of 05/31/2024)

Top Ten Holdings

(As of 05/31/2024)

Portfolio Management Team

Scott LaBreche

Portfolio Manager

Scott is a co-Portfolio Manager of the Impax Global Women’s Leadership, US Sustainable Economy, and International Sustainable Economy strategies. Additionally, as a member of the Quantitative Research Group, he is responsible for portfolio analytics, risk oversight and quantitative ESG research.

Before joining Impax in 2007, Scott was a Securities Fund Analyst at Lincoln Financial Group. He has been in the investment management industry since 1999.

Scott holds a Bachelor of Science in business administration, and a Master of Business Administration with advanced certificate in finance from Southern New Hampshire University.

Christine Cappabianca

Portfolio Manager

Christine is a co-Portfolio Manager of the Impax Sustainable Infrastructure, Global Women’s Leadership, US Sustainable Economy and International Sustainable Economy strategies. She has a key role in identifying optimal sources of return from the sustainable and thematic universes.


Before joining Impax Asset Management in 2021, Christine worked at The Boston Company Asset Management as a quantitative analyst, remaining with the firm through its merger with Standish Asset Management and Mellon Capital, which created Mellon Investments. At Mellon, Christine was involved in research and portfolio management responsibilities for the firm’s Internet of Things, Blockchain Innovation, U.S. Manufacturing and Smart Cures Innovation thematic strategies. She also served as the ESG data expert on Mellon’s ESG Council, ensuring that data and sustainability metrics powered active portfolios.

Christine holds a bachelor’s degree in economics from Harvard University and a master’s degree in investment management from Boston University. She holds the SASB FSA Credential.

Recent Insights

Additional Insights

Q&A: Meet Christine Cappabianca

Christine Cappabianca joined the Impax team in June as a Portfolio Manager of the firm’s systematic strategies.

8 September 2021
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.