Morningstar

Impax Core Bond Fund Individual Investor PAXBX

Morningstar Medalist Rating
Medalist Rating as of | See Impax Investment Hub
  • NAV / 1-Day Return 9.06  /  +0.25 %
  • Total Assets 886.8 Mil
  • Adj. Expense Ratio
    0.720%
  • Expense Ratio 0.720%
  • Distribution Fee Level Above Average
  • Share Class Type No Load
  • Category Intermediate Core Bond
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 3.27%
  • Effective Duration —

USD | NAV as of Sep 27, 2024 | 1-Day Return as of Sep 27, 2024, 10:17 PM GMT+0

Morningstar’s Analysis PAXBX

Will PAXBX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable PAXBX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the PAXBX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of PAXBX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Impax Core Bond Fund Individual Investor's Average People Pillar and Process Pillar ratings result in a Morningstar Medalist Rating of Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the second-highest quintile among peers.

by Morningstar Manager Research
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Portfolio Holdings PAXBX

More PAXBX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 19.0
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

United States Treasury Bonds 4.63%

4.92 44.2 Mil
Government

United States Treasury Bonds 4.63%

3.73 33.5 Mil
Government

United States Treasury Notes 4.25%

3.61 32.4 Mil
Government

United States Treasury Notes 4.38%

3.48 31.3 Mil
Government

Jpmorgan Chase Var 12/49

2.38 21.4 Mil
Cash and Equivalents

International Bank for Reconstruction & Development 1.63%

0.88 7.9 Mil
Government

Federal Home Loan Mortgage Corp. 5.5%

0.66 6.0 Mil
Securitized

United States Treasury Notes 4.25%

0.57 5.1 Mil
Government

International Bank for Reconstruction & Development 0.63%

0.54 4.8 Mil
Government

Kreditanstalt Fur Wiederaufbau 0.63%

0.53 4.7 Mil
Government

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