About PXNIX
The Impax International Sustainable Economy Fund Institutional Class is an open-end mutual fund focused on large-cap equity securities in developed markets outside the United States and Canada. Managed by Impax Asset Management, this fund implements a systematic core strategy that integrates sustainability factors, specifically targeting risks and opportunities associated with the global transition to a more sustainable economy. Using the proprietary Impax Sustainability Lens, the fund allocates capital toward subsectors and companies that are well-positioned to benefit from, or contribute to, environmentally and socially responsible practices.
Its portfolio construction relies on rigorous risk controls and broad diversification across sectors, emphasizing investments in companies with favorable environmental, social, and governance (ESG) ratings relative to their peers. Major holdings typically include leaders in healthcare, financial services, industrials, utilities, and technology. With a competitive expense ratio and a strict focus on high ESG standards, the fund is structured for institutional investors seeking long-term exposure to international equities aligned with sustainability objectives. Since its inception in 2011, the fund has positioned itself as a significant player among foreign large blend mutual funds, contributing to the integration of ESG principles within the global investment landscape.
Fund Family Impax Asset Management
Category Foreign Large Blend
Performance Rating Average
Risk Rating Above Average
Stock Exchange NASDAQ
Ticker Symbol PXNIX
Share Class Institutional Class
Index MSCI EAFE NR USD
PXNIX had a total return of 28.57% in the past year, including dividends. Since the fund's
inception, the average annual return has been 7.25%.
