Impax Sustainable Allocation Fund Class Institutional (PAXIX)

Fund Assets	2.37B
Expense Ratio	0.669%
Min. Investment	$250,000
Turnover	9.00%
Dividend (ttm)	0.57
Dividend Yield	2.06%
Dividend Growth	-0.80%
Payout Frequency	Semi-Annual
Ex-Dividend Date	Jun 26, 2026

Previous Close	27.68
YTD Return	4.57%
1-Year Return	5.43%
5-Year Return	24.42%
52-Week Low	25.52
52-Week High	29.06
Beta (5Y)	0.70
Holdings	13
Inception Date	Aug 10, 1971

About PAXIX

The Impax Sustainable Allocation Fund Institutional Class is a diversified mutual fund designed to balance income generation with the conservation of principal, while also targeting long-term capital growth as a secondary objective. This fund adopts a risk-focused, sustainable investing strategy by allocating capital across a globally diversified portfolio of equity and fixed income securities. It primarily invests through a variety of Impax-managed funds, addressing key sustainability themes such as environmental impact and gender equality within its holdings. The fund generally maintains a moderate allocation, with about 50% to 70% exposure to equities for growth potential and the remainder in fixed income for stability. Its portfolio is constructed using dynamic asset allocation that adjusts exposures based on market risk assessments and economic indicators. With a track record dating back to 1971 and assets totaling approximately $2.3 billion, the fund is notable for its disciplined approach to both financial and sustainability criteria. It plays a significant role in the market by offering institutional investors access to a diversified, impact-oriented investment that supports the transition to a more sustainable global economy.

• Fund Family: Impax Asset Management
• Category: Allocation--50% to 70% Equity
• Performance Rating: Average
• Risk Rating: Average
• Stock Exchange: Nasdaq
• Ticker Symbol: PAXIX
• Share Class: Institutional Class
• Index: S&P 500 TR

Performance

PAXIX had a total return of 5.43% in the past year, including dividends. Since the fund's inception, the average annual return has been 5.75%.

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
PAXWX	Investor Class	0.94%

Top 10 Holdings

100.05% of assets

Name	Symbol	Weight
Impax Core Bond Fund Institutional	n/a	32.20%
Impax US Sustainable Economy Instl	n/a	26.73%
Impax Large Cap Fund Institutional	n/a	10.93%
Impax International Sust Econ Instl	n/a	9.22%
Impax Small Cap Institutional	n/a	6.14%
Impax High Yield Bond Institutional	n/a	5.15%
Impax Global Sustainable Infrastructure ETF	BLDX	3.00%
JPMorgan US Treasury Plus MMkt IM	n/a	2.28%
Impax Global Environmental Markets Instl	n/a	2.23%
Impax Global Opportunities Institutional	n/a	2.17%

Dividend History

Ex-Dividend	Amount	Pay Date
Jun 26, 2026	$0.56566	Jun 29, 2026
Dec 29, 2025	$1.97716	Dec 30, 2025
Jun 26, 2025	$0.57021	Jun 27, 2025
Dec 27, 2024	$0.45422	Dec 30, 2024
Jun 26, 2024	$0.53464	Jun 27, 2024
Dec 27, 2023	$0.49679	Dec 28, 2023

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Oct 15, 2026

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