Morningstar

Impax Global Opportunities Fund Institutional Class PXGOX

Morningstar Medalist Rating
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Medalist Rating as of See Impax Investment Hub
  • NAV / 1-Day Return $18.04  /  +0.45 %
  • Fund Size $86.0M
  • Adjusted Expense Ratio 0.980%
  • Net Expense Ratio 0.980%
  • Fee Level: Distribution Above Average
  • Share Class Type Institutional
  • Morningstar Category Global Large-Stock Growth
  • Equity Style Box (Funds) Large Growth
  • Minimum Initial Investment $250,000
  • Investment Status Open
  • TTM Yield 0.27%
  • Turnover Ratio 49%
NAV and 1-Day Return as of

Morningstar’s Analysis PXGOX

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

  • People Pillar

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

A change at the helm and broader team developments reduce our conviction for now.

Senior Analyst Ronald van Genderen

Ronald van Genderen

Senior Analyst

Summary

A leadership change and recent team developments warrant a more cautious stance. We reinstate the People Pillar rating at Average, a downgrade from Above Average. Impax Global Equity Opportunities continues to benefit from Impax’s established and well-structured investment process, which supports much of the firm’s listed equity platform. Its rigorous fundamental research framework and disciplined blend of bottom-up stock selection with top-down insights remain intact, underpinning the Process Pillar rating of Above Average.

by Ronald van Genderen
Rated on Published on

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Portfolio Holdings PXGOX

More PXGOX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 39.3
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

NVIDIA Corp

7.40 7M
Technology

Microsoft Corp

6.55 6M
Technology

Taiwan Semiconductor Manufacturing Co Ltd

4.15 4M
Technology

Mastercard Inc Class A

3.51 3M
Financial Services

JPMorgan US Treasury Plus MMkt IM

3.40 3M
Cash and Equivalents

Keyence Corp

3.28 3M
Technology

Schneider Electric SE

3.26 3M
Industrials

Linde PLC

2.95 3M
Basic Materials

ASML Holding NV

2.86 3M
Technology

Adyen NV

2.86 3M
Technology

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