AUM
$128,616,147
Holdings
40
Launch Date
June 2018
Portfolio Managers
Kirsteen Morrison
David Winborne
Morningstar Low Carbon Designation™
Low Carbon logo
Global Equity Large Cap as of 02/29/24.
Based on 92% of AUM.

Overview

A global equity strategy that invests in companies positioned to benefit from the transition to a more sustainable global economy.

Sustainability Lens

The strategy uses a proprietary Impax Sustainability Lens to identify companies best positioned to seize opportunities and mitigate risks arising from the transition to a more sustainable global economy.

Quality

Bottom-up stock selection, including ESG research integration, focuses on companies that possess durable competitive advantages, strong financial characteristics, and undervalued long-term prospects.

High Conviction

The strategy consists of a high conviction, all-cap portfolio of 35 to 45 companies that is well diversified by sector and region.

Monthly Total Returns

(As of 03/31/2024)
Month End | Quarter End
Month End | Quarter End Average Annual Returns (%)
1m3mYTD1yr3yrs5yrs10yrsSince
Inception
Impax Global Opportunities Fund – Investor Class1.165.725.7212.545.2110.6310.41
Impax Global Opportunities Fund – Institutional Class1.155.755.7512.795.4610.9010.64
MSCI ACWI (Net) Index3.148.208.2023.226.9610.929.94

Quarterly Total Returns

(As of 03/31/2024)
Month End | Quarter End
Month End | Quarter End Average Annual Returns (%)
1m3mYTD1yr3yrs5yrs10yrsSince
Inception
Impax Global Opportunities Fund – Investor Class1.165.725.7212.545.2110.6310.41
Impax Global Opportunities Fund – Institutional Class1.155.755.7512.795.4610.9010.64
MSCI ACWI (Net) Index3.148.208.2023.226.9610.929.94
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 03/31/2024)
 Since Inception – 69 Months
Since Inception – 69 Months
Standard Deviation 18.18
Alpha 0.06
Beta 1.00
R-Squared 92
Standard Deviation 18.19
Alpha 0.08
Beta 1.00
R-Squared 92

Morningstar Ratings

(As of 03/31/2024)
 Global Large-Stock GrowthOverall3yrs5yrs10yrs
Impax Global Opportunities Fund – Investor Class Rating ★★★ ★★★ ★★★
Impax Global Opportunities Fund – Institutional Class Rating ★★★ ★★★ ★★★
  # In Peer Group 322 322 279
The Morningstar Rating is only calculated for funds with at least a three-year history. This Fund’s ratings will be available when it meets that criteria.

Lipper Rankings

(As of 03/31/2024)
 Lipper Global Multi-Cap Growth1yr3yrs5yrs10yrs
Impax Global Opportunities Fund – Investor Class Percentile Rank 98 40 68
  Prime Rank 194 74 121
  # In Peer Group 198 189 178
Impax Global Opportunities Fund – Institutional Class Percentile Rank 98 36 61
  Prime Rank 193 67 107
  # In Peer Group 198 189 178
Based on total returns.

Net Asset Values

(As of 04/12/2024)
 N.A.V.% Change
Impax Global Opportunities Fund – Institutional Class $16.11 -1.71
Impax Global Opportunities Fund – Investor Class $16.00 -1.72

Asset Allocation

(As of 03/31/2024)

Portfolio Statistics

(As of 03/31/2024)
 Value
Value
Assets (all share classes)$128,616,147
Number of Holdings (All)40
Turnover Ratio (12/31/2023)33

Regions

(As of 03/31/2024)

Country Allocation

(As of 03/31/2024)
 Portfolio %
Portfolio %
France 3.90
Germany 4.00
Hong Kong 2.20
India 3.00
Ireland 1.70
Japan 4.30
Netherlands 4.00
Portugal 1.20
Switzerland 6.80
United Kingdom 10.20
United States 57.40

Top Sectors

(As of 03/31/2024)

Top Ten Holdings

(As of 03/31/2024)

Portfolio Management Team

Kirsteen Morrison

Senior Portfolio Manager

Kirsteen is a co-Portfolio Manager of the Impax Global Opportunities strategy, as well as being a specialist in Financials and is a member of the Multi-Asset Sustainable Allocation team. Kirsteen has worked at Impax since 2009.

She began her career in the investment industry in 1987, investing in Asian equities at Royal London and then at Henderson Global Investors. She then worked for Odey Asset Management before joining JP Morgan. 

Kirsteen has an MA in Metallurgy and Science of Materials from Oxford.

Recent Insights

Additional Insights

David Winborne

Senior Portfolio Manager

David is a co-Portfolio Manager of the Impax Leaders, Global Opportunities and US Environmental Leaders strategies. David has been part of the Impax Asset Management team since 2015 and has responsibility for global research, specialising in energy efficiency and pollution control in environmental markets sub-sectors.


Prior to Impax, David was part of the in-house asset management team at Tesco Pension Investment where he had joint responsibility for the global equities investment platform. David also worked at Sarasin & Partners as part of the team that worked on its flagship thematic global equity fund. David began his career as a graduate equity research analyst at Insight Investment.

David has a bachelor’s degree in Politics and Economics from the University of Bath.

Recent Insights

Additional Insights

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Risk Warning

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