AUM
$1,265,496,335
Holdings
141
Launch Date
Launch Date (Institutional)
March 2014
January 2011
Portfolio Manager
Scott LaBreche
Christine Cappabianca
Morningstar Low Carbon Designation™
Low Carbon logo
Global Equity Large Cap as of 10/31/24.
Based on 98% of AUM.

Overview

A systematic core strategy that seeks to integrate the risks and opportunities arising from the transition to a more sustainable economy.

Sustainability Lens

The strategy integrates the Impax Sustainability Lens, a proprietary tool that weights the portfolio toward subsectors we believe offer attractive opportunities and lower risk associated with the transition to a more sustainable economy.

ESG Leaders

Constructed to provide higher exposure to companies with favorable ESG ratings relative to their sector and industry peers, as determined by MSCI.

Energy Transition Approach

The strategy replaces traditional energy companies with energy efficiency companies, with the aim to reduce climate-related risks and to invest in the growing demand for energy efficiency solutions.

Monthly Total Returns

(As of 11/30/2024)
Month End | Quarter End
Month End | Quarter End Average Annual Returns (%)
1m3mYTD1yr3yrs5yrs10yrsSince
Inception1
Impax International Sustainable Economy Fund – Investor Class0.09-5.198.9515.103.736.035.005.09
Impax International Sustainable Economy Fund – Institutional Class-5.139.0815.403.986.285.265.35
MSCI EAFE ESG Leaders (Net) Index-0.44-6.515.3111.083.065.635.225.40
MSCI EAFE (Net) Index-0.57-5.116.2411.844.135.865.055.02

Quarterly Total Returns

(As of 09/30/2024)
Month End | Quarter End
Month End | Quarter End Average Annual Returns (%)
1m3mYTD1yr3yrs5yrs10yrsSince
Inception1
Impax International Sustainable Economy Fund – Investor Class1.128.3316.2029.965.458.525.705.65
Impax International Sustainable Economy Fund – Institutional Class1.158.3316.3030.285.698.795.975.91
MSCI EAFE ESG Leaders (Net) Index0.525.4213.2220.973.678.895.586.04
MSCI EAFE (Net) Index0.927.2612.9924.775.488.205.715.57
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 11/30/2024)
 5 – Year
5 – Year
Standard Deviation 18.31
Alpha 0.01
Beta 1.02
R-Squared 97
Standard Deviation 18.26
Alpha 0.03
Beta 1.02
R-Squared 97

Morningstar Ratings

(As of 11/30/2024)
 Foreign Large BlendOverall3yrs5yrs10yrs
Impax International Sustainable Economy Fund – Investor Class Rating ★★★ ★★★ ★★★ ★★★
Impax International Sustainable Economy Fund – Institutional Class Rating ★★★★ ★★★ ★★★★ ★★★★
  # In Peer Group 640 640 606 410
Based on risk adjusted returns.

Lipper Rankings

(As of 11/30/2024)
 International Large-Cap Core1yr3yrs5yrs10yrs
Impax International Sustainable Economy Fund – Investor Class Percentile Rank 16 42 41 34
  Prime Rank 44 104 96 57
  # In Peer Group 277 252 235 168
Impax International Sustainable Economy Fund – Institutional Class Percentile Rank 14 37 34 20
  Prime Rank 37 92 78 33
  # In Peer Group 277 252 235 168
Based on total returns.

Net Asset Values

(As of 12/10/2024)
 N.A.V.% Change
Impax International Sustainable Economy Fund – Institutional Class $10.72 -0.92
Impax International Sustainable Economy Fund – Investor Class $10.96 -0.90
Past performance does not guarantee future results.

Asset Allocation

(As of 11/30/2024)

Portfolio Statistics

(As of 11/30/2024)
 Value
Value
Assets (all share classes)$1,265,496,335
Number of Holdings (All)141
Turnover Ratio (12/31/2023)§56

Regions

(As of 11/30/2024)

Country Allocation

(As of 11/30/2024)
 Portfolio %
Portfolio %
Japan 21.50
United Kingdom 15.10
France 10.60
Switzerland 9.50
Australia 8.80
Germany 6.70
Netherlands 4.70
Denmark 3.40
Sweden 3.10
Hong Kong 2.50
Italy 2.50
Finland 2.30
Spain 1.70
Singapore 1.60
Austria 1.00
Belgium 0.90
Ireland 0.70
Norway 0.50
New Zealand 0.30
Portugal 0.20

Top Sectors

(As of 11/30/2024)

Top Ten Holdings

(As of 11/30/2024)

Portfolio Management Team

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Risk Warning

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