About PXBIX
The Impax Core Bond Fund Institutional Class is an actively managed mutual fund focused on U.S. dollar-denominated, investment-grade fixed income securities. Its primary objective is to provide income and preserve principal by maintaining a diversified portfolio across core sectors such as government, corporate, mortgage-backed, and asset-backed securities. The fund employs a disciplined investment process that incorporates fundamental, quantitative, and macroeconomic analyses, leveraging the deep credit expertise of Impax’s Global Credit Research platform to identify attractive risk-adjusted return opportunities.
Notably, the fund distinguishes itself through its sustainable investing approach, considering both financial performance and environmental, social, and governance (ESG) criteria when selecting issuers. The strategy aims to identify bonds from companies and issuers poised to benefit from long-term sustainable trends. The fund typically holds a large number of positions, reflecting broad diversification and active sector allocation. With an expense ratio of approximately 0.47% and monthly distributions, the Impax Core Bond Fund Institutional Class offers institutional investors a single-solution core fixed income product that seeks to outperform traditional benchmarks while promoting sustainability.
Fund Family Impax Asset Management
Category Intermediate Core Bond
Performance Rating Average
Risk Rating Below Average
Stock Exchange Nasdaq
Ticker Symbol PXBIX
Share Class Institutional Class
Index Bloomberg U.S. Aggregate Bond TR
PXBIX had a total return of -2.15% in the past year, including dividends. Since the fund's
inception, the average annual return has been 1.24%.
