About PGRNX
The Impax Global Environmental Markets Fund Investor Class is an open-end mutual fund that focuses on long-term capital growth by investing globally in companies addressing environmental and resource challenges. The fund’s strategy centers on identifying innovative businesses operating in sectors such as clean energy, water infrastructure, waste management, resource efficiency, and other environmental markets. Each company in the portfolio must derive at least 20% of its revenue from products or services within environmental markets, ensuring a high alignment with sustainability objectives.
Using a research-intensive, bottom-up stock selection process, the fund seeks out industry leaders that are positioned to benefit from macroeconomic trends like population growth, urbanization, and increasing consumption. The investment approach integrates environmental, social, and governance (ESG) analyses, aiming to provide exposure to firms that facilitate the global transition to a more sustainable economy. The fund maintains sector and geographic diversification, with a significant emphasis on the United States, complemented by holdings in Europe and Asia. Through its targeted focus, the Impax Global Environmental Markets Fund Investor Class plays a distinct role in promoting solutions to global environmental challenges and resource constraints.
Fund Family Impax Asset Management
Category World Large-Stock Blend
Performance Rating Below Average
Risk Rating High
Stock Exchange Nasdaq
Ticker Symbol PGRNX
Share Class Investor Class
Index MSCI World NR USD
PGRNX had a total return of 15.44% in the past year, including dividends. Since the fund's
inception, the average annual return has been 7.48%.
