About PXEAX
Impax Global Environmental Markets Fund Class A is an actively managed mutual fund focused on global equities, specifically targeting companies that offer innovative solutions to environmental challenges. The fund aims for long-term capital growth by investing at least 80% of its assets in businesses where a significant portion of revenue—at least 20%—comes from products or services within environmental markets. These sectors include alternative energy, energy efficiency, water infrastructure and technology, waste management, sustainable food and agriculture, and digital infrastructure. The fund uses a research-driven, bottom-up stock selection process to identify leaders in these fast-growing sectors, supporting global themes such as rising urbanization, population growth, and resource scarcity. Its holdings are diversified across regions, with a majority in the United States, but also substantial allocations in Europe and Asia. The fund’s strategy is closely aligned with macroeconomic trends driving demand for sustainable solutions, making it a prominent player in the thematic investment landscape tied to the transition toward a more sustainable global economy.
Fund Family Impax Asset Management
Category World Large-Stock Blend
Performance Rating Below Average
Risk Rating High
Stock Exchange NASDAQ
Ticker Symbol PXEAX
Share Class Class A
Index MSCI World NR USD
PXEAX had a total return of 27.42% in the past year, including dividends.
Since the fund's inception, the average annual return has been 9.21%.
