Sanjeev Lakhani, CFA®
Luciano Lilloy, 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 | -4.41 | 4.33 | 15.54 | 17.10 | 12.31 | 5.38 | 10.38 | |
| Impax Global Environmental Markets Fund – Class A | -4.38 | 4.34 | 15.58 | 17.09 | 12.31 | 5.39 | 10.38 | |
| Impax Global Environmental Markets Fund – Institutional Class | -4.38 | 4.41 | 15.75 | 17.38 | 12.58 | 5.65 | 10.65 | |
| MSCI ACWI (Net) Index | 0.08 | 4.40 | 11.33 | 22.11 | 18.30 | 10.85 | 12.32 | |
Quarterly Total Returns
| Month End | Quarter End | Average Annual Returns (%) | |||||||
|---|---|---|---|---|---|---|---|---|
| 1m | 3m | YTD | 1yr | 3yrs | 5yrs | 10yrs | ||
| Impax Global Environmental Markets Fund – Investor Class | 5.46 | 21.88 | 20.87 | 24.39 | 14.59 | 7.28 | 11.38 | |
| Impax Global Environmental Markets Fund – Class A | 5.43 | 21.88 | 20.88 | 24.35 | 14.60 | 7.28 | 11.38 | |
| Impax Global Environmental Markets Fund – Institutional Class | 5.48 | 21.98 | 21.06 | 24.68 | 14.87 | 7.55 | 11.66 | |
| MSCI ACWI (Net) Index | -0.80 | 14.93 | 11.25 | 23.67 | 19.70 | 10.98 | 12.78 | |
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) | -9.65 | -1.41 | 9.21 | 10.64 | 10.21 | 4.20 | 9.76 | |
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) | -0.39 | 15.16 | 14.21 | 17.49 | 12.45 | 6.07 | 10.75 | |
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 | 296 | 296 | 291 | 218 |
Asset Allocation
Portfolio Statistics
| Value | |
|---|---|
| Value | |
| Assets (all share classes) | $1,733,358,635 |
| Number of Holdings (All) | 42 |
| Turnover Ratio (12/31/2025) | 39 |
Top Sectors
Country Allocation
| Portfolio % | |
|---|---|
| Portfolio % | |
| United States | 59.10 |
| France | 9.70 |
| Japan | 4.20 |
| Taiwan | 3.90 |
| United Kingdom | 3.70 |
| Germany | 3.40 |
| Netherlands | 2.80 |
| Ireland | 2.80 |
| Spain | 2.50 |
| Brazil | 1.80 |
| South Korea | 1.80 |
| Italy | 1.60 |