AUM
$667,153,132
Holdings
67
Launch Date
Launch Date (Institutional)
Launch Date (Class A)
March 2008
March 2008
May 2013
Portfolio Managers
Nathan Moser, CFA®
Diederik Basch, CFA®
Curtis Kim, CFA®

Overview

A core strategy that fully integrates analysis of ESG risks and opportunities and focuses on high quality companies at reasonable prices.

Quality

Bottom-up stock selection focuses on companies that exhibit high free cash flow, strong balance sheets, undervalued growth potential and management teams that exercise capital discipline

Risk Management

Seeks to control volatility and reduce downside risk through a focus on valuation and quality, together with a strong sell discipline

Sustainability

The strategy uses a proprietary sustainability lens and ESG research to better manage sustainability risks and identify opportunities.

Monthly Total Returns

(As of 06/30/2024)
Month End | Quarter End
Month End | Quarter End Average Annual Returns (%)
1m3mYTD1yr3yrs5yrs10yrsSince
Inception1
Impax Small Cap Fund – Investor Class-2.41-3.911.636.43-2.176.305.267.75
Impax Small Cap Fund – Class A5-2.42-3.921.576.39-2.206.295.257.75
Impax Small Cap Fund – Institutional Class-2.38-3.801.766.75-1.946.565.528.03
Russell 2000 Index-0.93-3.281.7310.06-2.586.947.008.38

Quarterly Total Returns

(As of 06/30/2024)
Month End | Quarter End
Month End | Quarter End Average Annual Returns (%)
1m3mYTD1yr3yrs5yrs10yrsSince
Inception1
Impax Small Cap Fund – Investor Class-2.41-3.911.636.43-2.176.305.267.75
Impax Small Cap Fund – Class A5-2.42-3.921.576.39-2.206.295.257.75
Impax Small Cap Fund – Institutional Class-2.38-3.801.766.75-1.946.565.528.03
Russell 2000 Index-0.93-3.281.7310.06-2.586.947.008.38
5 Class A Inception date return since May 1, 2013 is 7.61 (annualized).
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.

Performance after Sales Charge

(As of 06/30/2024)
Month End | Quarter End
Month End | Quarter End Average Annual Returns (%)
1m3mYTD1yr3yrs5yrs10yrsSince
Inception1
Impax Small Cap Fund – Class A (Load)-7.76-9.21-4.040.56-4.035.104.657.38

Performance after Sales Charge

(As of 06/30/2024)
Month End | Quarter End
Month End | Quarter End Average Annual Returns (%)
1m3mYTD1yr3yrs5yrs10yrsSince
Inception1
Impax Small Cap Fund – Class A (Load)-7.76-9.21-4.040.56-4.035.104.657.38

Risk Statistics

(As of 06/30/2024)
 5 – Year
5 – Year
Standard Deviation 21.13
Alpha 0.01
Beta 0.87
R-Squared 94
Standard Deviation 21.16
Alpha 0.01
Beta 0.87
R-Squared 94
Standard Deviation 21.14
Alpha 0.03
Beta 0.87
R-Squared 94

Morningstar Ratings

(As of 06/30/2024)
 Small BlendOverall3yrs5yrs10yrs
Impax Small Cap Fund – Investor Class Rating ★★ ★★ ★★ ★★
Impax Small Cap Fund – Class A Rating ★★ ★★ ★★ ★★
Impax Small Cap Fund – Institutional Class Rating ★★ ★★ ★★★ ★★
  # In Peer Group 573 573 544 388
Based on risk adjusted returns.

Lipper Rankings

(As of 06/30/2024)
 Small-Cap Growth1yr3yrs5yrs10yrs
Impax Small Cap Fund – Investor Class Percentile Rank 85 87 82 90
  Prime Rank 850 843 752 631
  # In Peer Group 1010 975 919 708
Impax Small Cap Fund – Class A Percentile Rank 85 87 82 90
  Prime Rank 852 846 753 633
  # In Peer Group 1010 975 919 708
Impax Small Cap Fund – Institutional Class Percentile Rank 84 86 80 87
  Prime Rank 840 829 728 609
  # In Peer Group 1010 975 919 708
Based on total returns.

Net Asset Values

(As of 07/12/2024)
 N.A.V.% Change
Impax Small Cap Fund – Class A $16.78 1.08
Impax Small Cap Fund – Institutional Class $17.16 1.12
Impax Small Cap Fund – Investor Class $16.84 1.08
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)$667,153,132
Number of Holdings (All)67
Turnover Ratio (12/31/2023)44

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.