Impax Sustainable Allocation Fund Class Institutional (PAXIX)
| Fund Assets | 2.37B |
| Expense Ratio | 0.69% |
| Min. Investment | $250,000 |
| Turnover | 9.00% |
| Dividend (ttm) | 2.55 |
| Dividend Yield | 9.20% |
| Dividend Growth | 148.22% |
| Payout Frequency | Semi-Annual |
| Ex-Dividend Date | Jun 26, 2026 |
| Previous Close | 27.72 |
| YTD Return | 5.03% |
| 1-Year Return | 10.09% |
| 5-Year Return | 24.84% |
| 52-Week Low | 25.52 |
| 52-Week High | 29.06 |
| Beta (5Y) | 0.69 |
| 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.
Performance
PAXIX had a total return of 10.09% in the past year, including dividends. Since the fund's inception, the average annual return has been 5.86%.
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
100.02% of assets| Name | Symbol | Weight |
|---|---|---|
| Impax Core Bond Fund Institutional | n/a | 30.98% |
| Impax US Sustainable Economy Instl | n/a | 21.80% |
| Impax Large Cap Fund Institutional | n/a | 21.09% |
| Impax International Sust Econ Instl | n/a | 6.57% |
| Impax Small Cap Institutional | n/a | 5.55% |
| Impax High Yield Bond Institutional | PXHIX | 5.02% |
| Impax Global Sustainable Infrastructure ETF | BLDX | 3.02% |
| Impax Global Environmental Markets Instl | n/a | 2.14% |
| Impax Global Opportunities Institutional | n/a | 2.06% |
| JPMorgan U.S. Treasury Plus Money Market Fund | MJPXX | 1.78% |
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 |