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.
Fund Family Impax Asset Management
Category Intermediate Core Bond
Performance Rating Below Average
Risk Rating Below Average
Stock Exchange Nasdaq
Ticker Symbol PAXBX
Share Class Investor Class
Index Bloomberg U.S. Aggregate Bond TR
PAXBX had a total return of -2.06% in the past year, including dividends. Since the fund's
inception, the average annual return has been 1.05%.
