About PXHAX
Impax High Yield Bond Fund Class A is a mutual fund share class within a diversified high yield bond strategy managed by Impax Asset Management. It primarily invests in a portfolio of predominantly high yield securities, often referred to as junk bonds, to seek high current income and, secondarily, capital appreciation. The fund emphasizes credit selection focused on companies with strong fundamentals and attractive relative valuations, while incorporating sustainability analysis into its research process to mitigate sustainability risks across sectors. This approach integrates Impax's Sustainability Framework for Fixed Income, addressing risks in areas like energy, real estate, banking, transportation, consumer goods, healthcare, basic industry, leisure, and utilities. The portfolio typically features a significant allocation to BB and B-rated bonds, with holdings diversified across over 200 securities and an effective duration around 2.7 years. Risk management is embedded throughout the investment process, overseen by an independent enterprise risk team. Class A shares are designed for investors seeking access with a minimum investment, subject to a maximum sales charge. Impax High Yield Bond Fund Class A plays a role in the fixed income market by offering exposure to below-investment-grade debt with a sustainability overlay, appealing to those balancing income generation and risk considerations in their portfolios.
Fund Family Impax Asset Management
Category High Yield Bond
Performance Rating Below Average
Risk Rating Average
Stock Exchange NASDAQ
Ticker Symbol PXHAX
Share Class Class A
Index ICE BofA U.S. HY Cash Pay BB-B Const TR
PXHAX had a total return of 6.64% in the past year, including dividends. Since the fund's
inception, the average annual return has been 3.32%.
