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Morningstar

Impax High Yield Bond A PXHAX

Morningstar Medalist Rating
Medalist Rating as of | See Impax Investment Hub
  • NAV / 1-Day Return 5.86  /  −0.15 %
  • Total Assets 544.3 Mil
  • Adj. Expense Ratio
    0.920%
  • Expense Ratio 0.920%
  • Distribution Fee Level Below Average
  • Share Class Type Front Load
  • Category High Yield Bond
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 5.44%
  • Effective Duration —

USD | NAV as of Apr 18, 2024 | 1-Day Return as of Apr 18, 2024, 10:21 PM GMT+0

Morningstar’s Analysis PXHAX

Will PXHAX 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 PXHAX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the PXHAX 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 PXHAX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Impax High Yield Bond A's Average Process Pillar and People 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-costliest quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings PXHAX

More PXHAX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 10.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Jpmorgan Chase Var 12/49

1.79 9.8 Mil
—

CCO Holdings, LLC/ CCO Holdings Capital Corp. 4.75%

1.36 7.4 Mil
Corporate

Darling Ingredients, Inc 6%

1.06 5.8 Mil
Corporate

Avantor Funding Inc 4.625%

0.98 5.3 Mil
Corporate

NCR Voyix Corporation 5.125%

0.97 5.3 Mil
Corporate

Liberty Mutual Group, Inc.

0.96 5.3 Mil
Corporate

Interface, Inc. 5.5%

0.94 5.1 Mil
Corporate

United Natural Foods, Inc. 6.75%

0.92 5.0 Mil
Corporate

Medline Borrower, LP-Init

0.91 4.9 Mil
Corporate

Graphic Packaging International LLC 3.75%

0.88 4.8 Mil
Corporate