AUM
$760,544,827
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 05/31/24.
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 06/30/2024)
Month End | Quarter End
Month End | Quarter End Average Annual Returns (%)
1m3mYTD1yr3yrs5yrs10yrsSince
Reorganization1
Impax Ellevate Global Women’s Leadership Fund – Investor Class1.290.434.9312.161.187.197.307.35
Impax Ellevate Global Women’s Leadership Fund – Institutional Class1.330.485.0712.471.437.457.567.61
MSCI World (Net) Index2.032.6311.7520.196.8611.789.169.26

Quarterly Total Returns

(As of 06/30/2024)
Month End | Quarter End
Month End | Quarter End Average Annual Returns (%)
1m3mYTD1yr3yrs5yrs10yrsSince
Reorganization1
Impax Ellevate Global Women’s Leadership Fund – Investor Class1.290.434.9312.161.187.197.307.35
Impax Ellevate Global Women’s Leadership Fund – Institutional Class1.330.485.0712.471.437.457.567.61
MSCI World (Net) Index2.032.6311.7520.196.8611.789.169.26
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 06/30/2024)
 3 – Year
3 – Year
Standard Deviation 17.06
Alpha -0.45
Beta 0.99
R-Squared 97
Standard Deviation 17.07
Alpha -0.43
Beta 0.99
R-Squared 97

Morningstar Ratings

(As of 06/30/2024)
 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 329 329 299 196
Based on risk adjusted returns.

Lipper Rankings

(As of 06/30/2024)
 Global Multi-Cap Core1yr3yrs5yrs10yrs
Impax Ellevate Global Women’s Leadership Fund – Investor Class Percentile Rank 73 81 89 79
  Prime Rank 81 79 78 43
  # In Peer Group 112 98 88 55
Impax Ellevate Global Women’s Leadership Fund – Institutional Class Percentile Rank 69 78 87 75
  Prime Rank 77 76 76 41
  # In Peer Group 112 98 88 55
Based on total returns.

Net Asset Values

(As of 07/18/2024)
 N.A.V.% Change
Impax Ellevate Global Women’s Leadership Fund – Institutional Class $33.25 -0.92
Impax Ellevate Global Women’s Leadership Fund – Investor Class $32.96 -0.93
Past performance does not guarantee future results.

Asset Allocation

(As of 06/30/2024)

Portfolio Statistics

(As of 06/30/2024)
 Value
Value
Assets (all share classes)$760,544,827
Number of Holdings (All)114
Turnover Ratio (12/31/2023)§32

Regions

(As of 06/30/2024)

Country Allocation

(As of 06/30/2024)
 Portfolio %
Portfolio %
United States 66.30
United Kingdom 10.00
France 4.50
Canada 3.40
Australia 3.10
New Zealand 2.90
Norway 2.60
Netherlands 2.00
Denmark 1.50
Germany 1.20
Finland 0.90
Sweden 0.30
Italy 0.30

Top Sectors

(As of 06/30/2024)

Top Ten Holdings

(As of 06/30/2024)

Portfolio Management Team

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Contact Us

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Risk Warning

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