Impax Core Bond Fund Individual Investor Class (PAXBX)
| Fund Assets | 838.92M |
| Expense Ratio | 0.71% |
| Min. Investment | $1,000 |
| Turnover | 124.00% |
| Dividend (ttm) | 0.31 |
| Dividend Yield | 3.57% |
| Dividend Growth | 10.03% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | n/a |
| Previous Close | 8.78 |
| YTD Return | 2.44% |
| 1-Year Return | 2.09% |
| 5-Year Return | -8.40% |
| 52-Week Low | 8.58 |
| 52-Week High | 9.12 |
| Beta (5Y) | 0.22 |
| Holdings | 415 |
| Inception Date | Dec 16, 2016 |
About PAXBX
The Impax Core Bond Fund Investor Class is an actively managed mutual fund aiming to offer broad, diversified exposure across the spectrum of investment-grade fixed income securities. Its primary objective is to provide consistent income and total return by investing predominantly in U.S. government, corporate, and securitized debt instruments, while maintaining an average portfolio duration closely aligned to the Bloomberg Barclays U.S. Aggregate Bond Index. Key features include a relatively low expense ratio of approximately 0.71% and a monthly dividend payout, making it suitable for income-focused investors. The fund typically holds several hundred securities, emphasizing risk-aware security selection and sector allocation, with a portion of assets also dedicated to high-quality foreign and supranational bonds. Notably, U.S. bonds represent the largest allocation, with smaller positions in asset-backed, mortgage-backed, and foreign government securities, offering diversification across credit types. Managed by a team utilizing deep credit research and quantitative processes, the fund serves as a core fixed income component within diversified portfolios, catering especially to those seeking stability and moderate risk exposure within the intermediate-term bond category.
Performance
PAXBX had a total return of 2.09% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.04%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| FGBPX | Fidelity | Fidelity Advisor Investment Grade Bond Fund - Class I | 0.50% |
| FSMTX | Fidelity | Fidelity SAI Total Bond Fund | 0.29% |
| FGBCX | Fidelity | Fidelity Advisor Investment Grade Bond Fund - Class C | 1.52% |
| FGBTX | Fidelity | Fidelity Advisor Investment Grade Bond Fund - Class M | 0.74% |
| FTKFX | Fidelity | Fidelity Total Bond K6 Fund | 0.30% |
Other Share Classes
These are alternative share classes of the same fund, from the same provider.
| Symbol | Share Class | Expense Ratio |
|---|---|---|
| PXBIX | Institutional Class | 0.46% |
Top 10 Holdings
24.28% of assets| Name | Symbol | Weight |
|---|---|---|
| United States Treasury Notes 3.88% | T.3.875 03.15.28 | 8.28% |
| United States Treasury Notes 4% | T.4 03.31.30 | 5.00% |
| United States Treasury Bonds 4.75% | T.4.75 02.15.45 | 3.56% |
| United States Treasury Bonds 4.75% | T.4.75 05.15.55 | 2.13% |
| Jpmorgan Chase Var 12/49 | n/a | 1.12% |
| United States Treasury Bonds 1.88% | T.1.875 11.15.51 | 1.12% |
| United States Treasury Notes 4.13% | T.4.125 03.31.32 | 0.97% |
| United States Treasury Notes 3.75% | T.3.75 04.30.27 | 0.73% |
| International Bank for Reconstruction & Development 4.63% | IBRD.4.625 01.15.32 GMTN | 0.70% |
| Federal Home Loan Mortgage Corp. 5.5% | FR.RJ0694 | 0.66% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 30, 2025 | $0.02574 | Jun 30, 2025 |
| May 30, 2025 | $0.02638 | May 30, 2025 |
| Apr 30, 2025 | $0.02703 | Apr 30, 2025 |
| Mar 31, 2025 | $0.02722 | Mar 31, 2025 |
| Feb 28, 2025 | $0.02525 | Feb 28, 2025 |
| Jan 31, 2025 | $0.0264 | Jan 31, 2025 |