AUM
$107,349,519
Holdings
143
Launch Date
December 2016
Portfolio Managers
Scott LaBreche
Christine Cappabianca

Overview

A systematic strategy providing exposure to infrastructure solutions that advance environmental and societal well-being.

Proprietary Universe

Companies that conserve, enable or increase access to vital resources such as clean energy, water, food and agriculture, healthcare, education, finance, transportation and communications.

Growth Opportunity

The transition to a more sustainable economy will require significant investment in infrastructure to decarbonize, meet resource demands, advance healthy living conditions and improve access to education and information.

Income Opportunity

Infrastructure companies, including those in the Fund’s sustainable universe, generally pay higher dividend income than the broader equity market.

Monthly Total Returns

(As of 08/31/2023)
Month End | Quarter End
Month End | Quarter End Average Annual Returns (%)
1m3mYTD1yr3yrs5yrs10yrsSince
Inception
Impax Global Sustainable Infrastructure Fund – Investor Class-4.701.563.461.373.305.337.84
Impax Global Sustainable Infrastructure Fund – Institutional Class-4.671.673.691.733.605.608.13
FTSE Global Infrastructure Opportunities-4.343.223.011.725.624.675.96
MSCI ACWI (Net) Index-2.796.6114.8013.957.237.46
S&P Global Infrastructure Index-4.76-0.040.32-1.987.083.97

Quarterly Total Returns

(As of 06/30/2023)
Month End | Quarter End
Month End | Quarter End Average Annual Returns (%)
1m3mYTD1yr3yrs5yrs10yrsSince
Inception
Impax Global Sustainable Infrastructure Fund – Investor Class5.753.027.737.388.127.718.73
Impax Global Sustainable Infrastructure Fund – Institutional Class5.843.137.947.748.417.999.02
FTSE Global Infrastructure Opportunities4.930.764.724.978.635.536.38
MSCI ACWI (Net) Index5.816.1813.9316.5310.998.10
S&P Global Infrastructure Index2.93-0.423.303.259.754.42-4.07
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 08/31/2023)
 3 – Year
3 – Year
Standard Deviation 16.51
Alpha -0.18
Beta 1.00
R-Squared 91
Standard Deviation 16.54
Alpha -0.15
Beta 1.00
R-Squared 91

Morningstar Ratings

(As of 08/31/2023)
 InfrastructureOverall3yrs5yrs10yrs
Impax Global Sustainable Infrastructure Fund – Investor Class Rating ★★★ ★★★ ★★★
Impax Global Sustainable Infrastructure Fund – Institutional Class Rating ★★★★ ★★★ ★★★★
  # In Peer Group 95 95 81
Based on risk adjusted returns.

Lipper Rankings

(As of 08/31/2023)
 Global Infrastructure1yr3yrs5yrs10yrs
Impax Global Sustainable Infrastructure Fund – Investor Class Percentile Rank 10 58 18
  Prime Rank 9 51 14
  # In Peer Group 96 88 80
Impax Global Sustainable Infrastructure Fund – Institutional Class Percentile Rank 7 52 15
  Prime Rank 6 45 12
  # In Peer Group 96 88 80
Based on total returns.

Net Asset Values

(As of 09/21/2023)
 N.A.V.% Change
Impax Global Sustainable Infrastructure Fund – Investor Class $8.46 -1.51
Impax Global Sustainable Infrastructure Fund – Institutional Class $8.51 -1.50
Past performance does not guarantee future results.

Asset Allocation

(As of 08/31/2023)

Portfolio Statistics

(As of 08/31/2023)
 Value
Value
Assets (all share classes)$107,349,519
Number of Holdings (All)143
Turnover Ratio (12/31/2022)54

Top Sectors

(As of 08/31/2023)

Top Ten Holdings

(As of 08/31/2023)

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. She has a key role in identifying optimal sources of return from the sustainable and thematic universes.

Before joining Impax Asset Management in 2021, Christine worked at The Boston Company Asset Management as a quantitative analyst, remaining with the firm through its merger with Standish Asset Management and Mellon Capital, which created Mellon Investments. At Mellon, Christine was involved in research and portfolio management responsibilities 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, ensuring that data and sustainability metrics powered active portfolios.

Christine holds a bachelor’s degree in economics from Harvard University and a master’s degree in investment management from Boston University. She holds the SASB FSA Credential.

Recent Insights

Additional 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.

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