AUM
$826,397,740
Holdings
226
Launch Date
Launch Date (Institutional)
March 2014
January 2011
Portfolio Manager
Scott LaBreche
Christine Cappabianca
Morningstar Low Carbon Designation™
Global Equity Large Cap as of 09/30/22.
Based on 97% of AUM.

Overview

A systematic strategy investing in non-US developed markets’ companies that we believe are positioned to benefit 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.

SmartCarbon™

The strategy is fossil fuel free, utilizing SmartCarbon, a proprietary tool that replaces energy sector holdings with energy efficiency stocks to reduce climate-related risks and invest in the growing demand for energy efficiency solutions.

Monthly Total Returns

(As of 12/31/2022)
Month End | Quarter End Average Annual Returns (%)
1m3mYTD1yr3yrs5yrs10yrsSince
Inception1
Impax International Sustainable Economy Fund – Investor Class-1.7517.85-18.00-18.000.161.394.363.65
Impax International Sustainable Economy Fund – Institutional Class-1.7717.98-17.80-17.800.421.644.633.92
MSCI EAFE ESG Leaders (Net) Index0.0817.34-14.45-14.450.871.544.673.86
MSCI EAFE (Net) Index0.1117.40-14.01-14.011.342.035.164.35
Lipper International Large-Cap Core Funds Index-0.0217.46-16.99-16.990.671.825.034.33

Quarterly Total Returns

(As of 12/31/2022)
Month End | Quarter End Average Annual Returns (%)
1m3mYTD1yr3yrs5yrs10yrsSince
Inception1
Impax International Sustainable Economy Fund – Investor Class-1.7517.85-18.00-18.000.161.394.363.65
Impax International Sustainable Economy Fund – Institutional Class-1.7717.98-17.80-17.800.421.644.633.92
MSCI EAFE ESG Leaders (Net) Index0.0817.34-14.45-14.450.871.544.673.86
MSCI EAFE (Net) Index0.1117.40-14.01-14.011.342.035.164.35
Lipper International Large-Cap Core Funds Index-0.0217.46-16.99-16.990.671.825.034.33
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 12/31/2022)
 5 – Year
Standard Deviation 17.77
Alpha -0.01
Beta 1.01
R-Squared 97
Standard Deviation 17.76
Alpha 0.01
Beta 1.01
R-Squared 97

Morningstar Ratings

(As of 12/31/2022)
 Foreign Large BlendOverall3yrs5yrs10yrs
Impax International Sustainable Economy Fund – Investor Class Rating ★★★ ★★★ ★★★ ★★★
Impax International Sustainable Economy Fund – Institutional Class Rating ★★★★ ★★★ ★★★ ★★★★
  # In Peer Group 701 701 611 422
Based on risk adjusted returns.

Lipper Rankings

(As of 12/31/2022)
 International Large-Cap Core1yr3yrs5yrs10yrs
Impax International Sustainable Economy Fund – Investor Class Percentile Rank 86 69 47 38
  Prime Rank 143 107 68 40
  # In Peer Group 168 157 145 107
Impax International Sustainable Economy Fund – Institutional Class Percentile Rank 85 64 36 27
  Prime Rank 142 100 52 28
  # In Peer Group 168 157 145 107
Based on total returns.

Net Asset Values

(As of 01/26/2023)
 N.A.V.% Change
Impax International Sustainable Economy Fund – Investor Class $9.64
Impax International Sustainable Economy Fund – Institutional Class $9.43
Past performance does not guarantee future results.

Asset Allocation

(As of 12/31/2022)

Portfolio Statistics

(As of 12/31/2022)
Value
Assets (all share classes)826,397,740
Number of Holdings (All) 226
Turnover Ratio (12/31/2021)§ 55

Regions

(As of 12/31/2022)

Country Allocation

(As of 12/31/2022)
 Portfolio %
Australia 7.70
Austria 0.20
Belgium 0.90
Denmark 3.20
Finland 1.00
France 11.80
Germany 8.20
Hong Kong 3.10
Ireland 0.60
Israel 0.70
Italy 2.50
Japan 21.70
Netherlands 4.10
New Zealand 0.20
Norway 0.80
Portugal
Singapore 1.50
Spain 2.60
Sweden 3.20
Switzerland 10.00
United Kingdom 15.50

Top Sectors

(As of 12/31/2022)

Top Ten Holdings

(As of 12/31/2022)

Portfolio Management Team

Scott LaBreche

Portfolio Manager

Scott LaBreche is Portfolio Manager & VP, Portfolio Analytics, at Impax Asset Management LLC, the North American division of Impax Asset Management Group and investment adviser to Impax Funds.

Scott is a Portfolio Manager of the Global Women’s Leadership Strategy, which includes the Impax Ellevate Global Women’s Leadership Fund. He is also a Portfolio Manager of the Impax International Sustainable Economy Fund, the Impax Global Sustainable Infrastructure Fund and the Impax U.S. Sustainable Economy Fund.

He is responsible for portfolio management of systematic strategies, portfolio analytics and 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 co-manages Impax’s Systematic strategies and the actively managed Sustainable Infrastructure strategy.

Christine’s research brings a focus on identifying and emphasizing the optimal sources of return within sustainable/thematic universes and removing any unintentional portfolio biases.

Before joining Impax in 2021, Christine spent 14 years with Mellon, where she held several positions, most recently as senior quantitative research analyst and portfolio manager 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. In these roles she focused on informing active portfolios with the power of data and sustainability metrics.

Christine earned a Bachelor of Arts in economics at Harvard University and a Master of Science in investment management at Boston University. She holds the SASB FSA Credential.

Authored 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 Sep 2021
Contact Us

Please visit the contact page to find your regional representative.

Scroll to top
User Agent: CCBot/2.0 (https://commoncrawl.org/faq/)