Morningstar

Impax Core Bond Fund Institutional Class PXBIX

Morningstar Medalist Rating
Medalist Rating as of | See Impax Investment Hub
  • NAV / 1-Day Return 8.69  /  +0.23 %
  • Total Assets 884.1M
  • Adj. Expense Ratio
    0.480%
  • Expense Ratio 0.480%
  • Distribution Fee Level Average
  • Share Class Type Institutional
  • Category Intermediate Core Bond
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 250,000
  • Status Open
  • TTM Yield 3.88%
  • Effective Duration —

USD | NAV as of Aug 08, 2026 | 1-Day Return as of Aug 08, 2026, 12:11 AM GMT+0

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 27.6
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

United States Treasury Notes 3.88%

6.17 55M
Government

United States Treasury Notes 3.5%

6.04 53M
Government

United States Treasury Bonds 5%

4.67 41M
Government

United States Treasury Notes 4.13%

3.49 31M
Government

United States Treasury Bonds 4.75%

3.07 27M
Government

AT&T Inc 5.25%

1.20 11M
Corporate

United States Treasury Bonds 1.88%

1.06 9M
Government

JPMorgan US Treasury Plus MMkt IM

0.86 8M
Cash and Equivalents

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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