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$8.51  /  −0.70%
  • Fund Size$710.8M
  • Adjusted Expense Ratio0.480%
  • Net Expense Ratio0.480%
  • Fee Level: DistributionAverage
  • Share Class TypeInstitutional
  • Morningstar CategoryIntermediate Core Bond
  • Fixed-Income Style Box (Funds)—
  • Minimum Initial Investment$250,000
  • Investment StatusOpen
  • TTM Yield4.41%
  • 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 Holdings28.3
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

United States Treasury Notes 4.13%

6.4545M
Government

United States Treasury Notes 4.25%

6.3444M
Government

United States Treasury Bonds 5.13%

4.5732M
Government

United States Treasury Notes 4.38%

3.6225M
Government

United States Treasury Bonds 5.13%

3.6025M
Government

AT&T Inc 5.25%

1.178M
Corporate

Bank of America Corp. 5.87%

0.705M
Corporate

Federal National Mortgage Association 3%

0.644M
Securitized

International Bank for Reconstruction & Development 4.79%

0.644M
Government

International Bank for Reconstruction & Development 4.63%

0.594M
Government

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