Morningstar

Impax Core Bond Fund Institutional Class PXBIX

Morningstar Medalist Rating
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Medalist Rating as of See Impax Investment Hub
  • NAV / 1-Day Return $8.45  /  0.00
  • Fund Size $701.3M
  • Adjusted Expense Ratio 0.480%
  • Net Expense Ratio 0.480%
  • Fee Level: Distribution Average
  • Share Class Type Institutional
  • Morningstar Category Intermediate Core Bond
  • Fixed-Income Style Box (Funds) —
  • Minimum Initial Investment $250,000
  • Investment Status Open
  • TTM Yield 4.49%
  • Average Effective Duration —
NAV and 1-Day Return as of

Morningstar’s Analysis PXBIX

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

  • People Pillar

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

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

Impax Core Bond Fund Institutional 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 PXBIX

More PXBIX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 27.4
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

United States Treasury Notes 3.88%

6.21 54M
Government

United States Treasury Notes 3.5%

6.11 53M
Government

United States Treasury Bonds 5%

4.55 40M
Government

United States Treasury Notes 4.13%

3.49 31M
Government

United States Treasury Bonds 5%

2.98 26M
Government

JPMorgan US Treasury Plus MMkt IM

1.36 12M
Cash and Equivalents

AT&T Inc 5.25%

1.18 10M
Corporate

United States Treasury Bonds 1.88%

1.02 9M
Government

Bank of America Corp. 5.87%

0.71 6M
Corporate

International Bank for Reconstruction & Development 4.63%

0.64 6M
Government

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