About PXHIX
Impax High Yield Bond Fund Institutional Class is an actively managed mutual fund focused on U.S. below‑investment‑grade corporate debt. Its primary objective is to deliver high current income, with capital appreciation as a secondary goal, implemented through diversified exposure across BB and B credit tiers and selective CCC holdings to balance yield and credit risk. The strategy integrates environmental, social, and governance analysis alongside traditional credit research, aiming to identify issuers with improving fundamentals and sustainable business practices. The fund typically holds a broad roster of issuers, reflecting sector diversification across areas such as media, technology, telecommunications, and insurance, and maintains a moderate portfolio turnover to adjust to changing credit conditions. With an inception dating back to 2004 for this share class, it offers institutional investors a seasoned approach, monthly income distributions, and a competitive expense profile for its category. The fund’s role in the market is to provide access to the high yield bond segment with an ESG-aware process, seeking consistent income while managing default and interest rate risks inherent to speculative-grade credit.
Fund Family Impax Asset Management
Category High Yield Bond
Performance Rating Below Average
Risk Rating Average
Stock Exchange NASDAQ
Ticker Symbol PXHIX
Share Class Institutional Class
Index ICE BofA U.S. HY Cash Pay BB-B Const TR
PXHIX had a total return of 7.22% in the past year, including dividends. Since the fund's
inception, the average annual return has been 4.85%.
