Sanjeev Lakhani, CFA®
Overview
The Impax Global Environmental Markets Fund seeks to achieve sustainable, above market returns over 5+ years by investing in the solution providers to environmental and resource challenges.
We believe these companies are well positioned to capitalize on the many secular growth opportunities related to long-term macro-economic themes such as growing populations, rising living standards, increasing urbanisation, rising consumption, energy efficiency, and the depletion of limited natural resources.
Investments are made in companies which have ≥ 20% of their underlying revenue generated by sales of products or services in environmental markets.
Secular growth drivers
Long-term trends across diverse opportunities support compelling earnings growth potential.
Robust process
Differentiated exposure
Monthly Total Returns
| Month End | Quarter End | Average Annual Returns (%) | |||||||
|---|---|---|---|---|---|---|---|---|
| 1m | 3m | YTD | 1yr | 3yrs | 5yrs | 10yrs | ||
| Impax Global Environmental Markets Fund – Investor Class | -0.33 | -3.37 | 16.80 | 14.99 | 16.67 | 6.42 | 10.07 | |
| Impax Global Environmental Markets Fund – Class A | -0.33 | -3.34 | 16.84 | 15.03 | 16.68 | 6.42 | 10.07 | |
| Impax Global Environmental Markets Fund – Institutional Class | -0.28 | -3.28 | 17.09 | 15.34 | 16.97 | 6.69 | 10.35 | |
| MSCI ACWI (Net) Index | -1.11 | 1.60 | 13.03 | 16.75 | 21.73 | 11.57 | 12.38 | |
Quarterly Total Returns
| Month End | Quarter End | Average Annual Returns (%) | |||||||
|---|---|---|---|---|---|---|---|---|
| 1m | 3m | YTD | 1yr | 3yrs | 5yrs | 10yrs | ||
| Impax Global Environmental Markets Fund – Investor Class | -0.33 | -3.37 | 16.80 | 14.99 | 16.67 | 6.42 | 10.07 | |
| Impax Global Environmental Markets Fund – Class A | -0.33 | -3.34 | 16.84 | 15.03 | 16.68 | 6.42 | 10.07 | |
| Impax Global Environmental Markets Fund – Institutional Class | -0.28 | -3.28 | 17.09 | 15.34 | 16.97 | 6.69 | 10.35 | |
| MSCI ACWI (Net) Index | -1.11 | 1.60 | 13.03 | 16.75 | 21.73 | 11.57 | 12.38 | |
Performance after Sales Charge
| Month End | Quarter End | Average Annual Returns (%) | |||||||
|---|---|---|---|---|---|---|---|---|
| 1m | 3m | YTD | 1yr | 3yrs | 5yrs | 10yrs | ||
| Impax Global Environmental Markets Fund – Class A (Load) | -5.80 | -8.64 | 10.43 | 8.72 | 14.50 | 5.22 | 9.45 | |
Performance after Sales Charge
| Month End | Quarter End | Average Annual Returns (%) | |||||||
|---|---|---|---|---|---|---|---|---|
| 1m | 3m | YTD | 1yr | 3yrs | 5yrs | 10yrs | ||
| Impax Global Environmental Markets Fund – Class A (Load) | -5.80 | -8.64 | 10.43 | 8.72 | 14.50 | 5.22 | 9.45 | |
Risk Statistics
| Global Large-Stock Blend | Overall | 3yrs | 5yrs | 10yrs | |
|---|---|---|---|---|---|
| Impax Global Environmental Markets Fund – Investor Class | Rating | ★★ | ★★ | ★★ | ★★ |
| Impax Global Environmental Markets Fund – Class A | Rating | ★★ | ★★ | ★★ | ★★ |
| Impax Global Environmental Markets Fund – Institutional Class | Rating | ★★ | ★★ | ★★ | ★★ |
| # In Peer Group | 298 | 298 | 290 | 219 |
Asset Allocation
Portfolio Statistics
| Value | |
|---|---|
| Value | |
| Assets (all share classes) | $1,644,182,430 |
| Number of Holdings (All) | 41 |
| Turnover Ratio (12/31/2025) | 39 |
Top Sectors
Country Allocation
| Portfolio % | |
|---|---|
| Portfolio % | |
| United States | 59.10 |
| France | 8.70 |
| Japan | 4.30 |
| Germany | 4.10 |
| Taiwan | 4.10 |
| United Kingdom | 3.80 |
| Netherlands | 2.80 |
| Ireland | 2.80 |
| Spain | 2.40 |
| South Korea | 2.00 |
| Italy | 1.90 |
| Brazil | 1.70 |