Impax Small Cap Fund Class A (PXSAX)
| Fund Assets | 639.74M |
| Expense Ratio | 1.15% |
| Min. Investment | $1,000 |
| Turnover | 48.00% |
| Dividend (ttm) | 0.90 |
| Dividend Yield | 4.94% |
| Dividend Growth | n/a |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 20, 2024 |
| Previous Close | 17.26 |
| YTD Return | -0.35% |
| 1-Year Return | 12.97% |
| 5-Year Return | 74.80% |
| 52-Week Low | 13.81 |
| 52-Week High | 19.52 |
| Beta (5Y) | n/a |
| Holdings | 68 |
| Inception Date | May 1, 2013 |
About PXSAX
Impax Small Cap Fund Class A is a mutual fund focused on long-term capital growth by investing predominantly in small-capitalization U.S. companies. The fund employs a core equity strategy that blends traditional bottom-up financial analysis with a proprietary sustainability lens, integrating environmental, social, and governance (ESG) research to manage sustainability risks and identify emerging opportunities. Key features of the fund include its emphasis on companies with strong free cash flow, robust balance sheets, undervalued growth prospects, and disciplined management teams. The investment process is risk-conscious, aiming to control volatility and limit downside risk through a focus on valuation and quality, as well as a rigorous sell discipline. Managed by Impax Asset Management, the fund typically maintains a diversified portfolio with holdings across sectors such as financial services, healthcare, consumer defensive, real estate, basic materials, and industrials. The fund’s approach positions it as a notable option for investors seeking to access the innovation and growth characteristics of U.S. small-cap markets while factoring in sustainability considerations.
Performance
PXSAX had a total return of 12.97% in the past year, including dividends. Since the fund's inception, the average annual return has been 7.76%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| FCPEX | Fidelity | Fidelity Small Cap Enhanced Index Fund | 0.55% |
| SWSSX | Schwab | Schwab Small Cap Index Fund® | 0.04% |
| FSSNX | Fidelity | Fidelity Small Cap Index Fund | 0.03% |
| FSCRX | Fidelity | Fidelity Small Cap Discovery Fund | 1.03% |
| FSSLX | Fidelity | Fidelity Series Small Cap Core | 0.01% |
Top 10 Holdings
33.34% of assets| Name | Symbol | Weight |
|---|---|---|
| Victory Capital Holdings, Inc. | VCTR | 5.82% |
| Acadian Asset Management Inc. | AAMI | 4.94% |
| Ligand Pharmaceuticals Inc. | LGND | 4.16% |
| Roivant Sciences Ltd. | ROIV | 3.44% |
| Jpmorgan Chase Var 12/49 | n/a | 3.02% |
| US Foods Holding Corp. | USFD | 2.60% |
| Howard Hughes Holdings Inc. | HHH | 2.51% |
| Extreme Networks, Inc. | EXTR | 2.34% |
| Cullen/Frost Bankers, Inc. | CFR | 2.28% |
| Planet Fitness, Inc. | PLNT | 2.24% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 20, 2024 | $0.90211 | Dec 23, 2024 |
| Dec 22, 2022 | $0.34748 | Dec 23, 2022 |
| Dec 22, 2021 | $1.78008 | Dec 23, 2021 |
| Jun 22, 2021 | $0.01825 | Jun 23, 2021 |
| Dec 22, 2020 | $0.61087 | Dec 23, 2020 |
| Jun 20, 2019 | $0.13065 | Jun 21, 2019 |