Universe size
c. 700 companies
Holdings
35-55
Launch Date
November 2023
Portfolio Managers
Amber Fairbanks, CFA®
Charles French
Morningstar Low Carbon Designation™
Low Carbon logo
Global Equity Large Cap as of 04/30/24.
Based on 94% of AUM.

Overview

The Impax Global Social Leaders strategy seeks to outperform the broad market by investing in companies addressing long-term secular trends that are shaping society, such as aging population, increased incidence of chronic disease, rising income for the bottom billions, urbanization, and transformational technology, and by investing in companies that exhibit innovative, equitable and inclusive cultures.

Proprietary Social Taxonomy

Designed to identify long-term growth opportunities driven by demographic and societal needs, across three core pillars that cover all facets of society. Companies must have ≥20% of their underlying revenue generated by sales of products or services that benefit society.

Corporate Culture Indicators

Corporate Culture factor analysis seeks to systematically evaluate a company’s culture.

Social Leaders

Fundamental research and proprietary ESG analysis are employed to identify high-quality, well-run companies with strong competitive advantages that are trading at a significant discount to intrinsic value.

Monthly Total Returns

(As of 05/31/2024)
Month End | Quarter End
Month End | Quarter End Average Annual Returns (%)
1m3mYTD1yr3yrs5yrs10yrsSince
Inception1
Impax Global Social Leaders Fund – Investor Class4.731.032.948.40
Impax Global Social Leaders Fund – Institutional Class4.731.022.948.50
MSCI AC World Index4.063.798.8814.11

Quarterly Total Returns

(As of 03/31/2024)
Month End | Quarter End
Month End | Quarter End Average Annual Returns (%)
1m3mYTD1yr3yrs5yrs10yrsSince
Inception1
Impax Global Social Leaders Fund – Investor Class1.123.043.04
Impax Global Social Leaders Fund – Institutional Class1.123.043.04
MSCI AC World Index3.148.208.20
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. This fund is newly organized with a limited operating history. The performance shown may not be a good representation of the fund’s performance over a full market cycle.

Net Asset Values

(As of 06/18/2024)
 N.A.V.% Change
Impax Global Social Leaders Fund – Institutional Class $11.01 0.64
Impax Global Social Leaders Fund – Investor Class $10.99 0.64
Past performance does not guarantee future results.

Asset Allocation

(As of 05/31/2024)

Portfolio Statistics

(As of 05/31/2024)
 Value
Value
Assets (all share classes)$1,684,459
Number of Holdings (All)44
Turnover Ratio (12/31/2023)13

Regions

(As of 05/31/2024)

Country Allocation

(As of 05/31/2024)
 Portfolio %
Portfolio %
United States 51.30
United Kingdom 15.60
Netherlands 4.40
Switzerland 3.30
Hong Kong 3.10
India 2.80
Japan 2.70
France 2.40
Ireland 2.30
Spain 2.00
Denmark 1.50
Mexico 1.40
South Africa 1.20
Indonesia 1.20
Portugal 1.10

Top Sectors

(As of 05/31/2024)

Top Ten Holdings

(As of 05/31/2024)

Portfolio Management Team

Amber Fairbanks, CFA®

Portfolio Manager

Amber is a co-Portfolio Manager of the Impax Global Social Leaders strategy. Amber researches stocks focusing on the consumer discretionary and staples sectors.

Before joining Impax Asset Management in 2023, Amber worked at Mirova where she was co-manager of the Mirova International Sustainable Equity, US Sustainable Equity and Global Sustainable Equity funds. Prior to joining Mirova in October 2018, Amber was a portfolio manager and analyst at Zevin Asset Management for over a decade. Previously, she was an analyst at J.L. Kaplan Associates, a division of Evergreen Investments, and worked for Delta Partners, a Boston-based hedge fund.

Amber received her MBA from Boston College Carroll School of Management and has a BS in environmental science from the University of Massachusetts Amherst. Amber is a CFA® Charterholder, and a member of the Chartered Financial Analysts Institute and the Boston Security Analysts Society.

Recent Insights

Charles French

Co-Chief Investment Officer (CIO), Listed Investments

Charles serves as the Co-Chief Investment Officer providing leadership in the development and growth of the Impax Asset Management’s listed investments business, covering research, idea generation, portfolio management, ESG integration, and trading. He also focuses on overseeing the growth of Impax’s fixed income proposition, as well as the further development of research. Charles is also the co-Portfolio Manager of the Impax Global Social Leaders strategy.

Prior to joining Impax Asset Management in 2022, Charles worked at Newton Investment Management where he started out as a global financial analyst before becoming a portfolio manager and heading up Newton’s multi-asset and equity opportunities teams. He was also deputy chief investment officer, providing leadership and oversight to a global investment team.

Charles graduated with a bachelor’s degree in Economics from the University of Nottingham. He is also a member of the Institute of Chartered Accountants (ICAEW) in England and Wales.

Recent Insights

Additional Insights

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