Morningstar

Impax High Yield Bond Fund Investor Class PAXHX

Morningstar Medalist Rating
Medalist Rating as of | See Impax Investment Hub
  • NAV / 1-Day Return 5.92  /  −0.17 %
  • Total Assets 495.4M
  • Adj. Expense Ratio
    0.950%
  • Expense Ratio 0.950%
  • Distribution Fee Level High
  • Share Class Type No Load
  • Category High Yield Bond
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 5.21%
  • Effective Duration —

USD | NAV as of Oct 02, 2026 | 1-Day Return as of Oct 02, 2026, 12:11 AM GMT+0

Morningstar’s Analysis PAXHX

Will PAXHX outperform in the 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 PAXHX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

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

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

Impax High Yield Bond Investor holds a quantitatively derived Negative Morningstar Medalist Rating. The rating indicates the model sees limited potential for the strategy to outperform peers on a risk-adjusted basis over a full market cycle.

by Morningstar Automated Analysis
Rated on Published on

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Portfolio Holdings PAXHX

More PAXHX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 8.3
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

JPMorgan US Treasury Plus MMkt IM

2.08 11M
Cash and Equivalents

Liberty Mutual Group, Inc. 4.13%

1.14 6M
Corporate

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

0.99 5M
Corporate

Rocket Companies Inc 6.38%

0.87 5M
Corporate

CVR Partners, LP and CVR Nitrogen Finance Corporation 6.13%

0.82 4M
Corporate

Digicel International Finance Ltd/DIFL US LLC 8.63%

0.79 4M
Corporate

Gray Media Inc. 9.63%

0.78 4M
Corporate

Kehe Distributers LLC / Kehe Finance Corp. / New Wave Distribution Inc. 7.1

0.78 4M
Corporate

Humana Inc. 6.63%

0.75 4M
Corporate

Viking Baked Goods Acquisition Corp 8.63%

0.73 4M
Corporate

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