Morningstar

Impax High Yield Bond Fund Class A PXHAX

Morningstar Medalist Rating
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Medalist Rating as of See Impax Investment Hub
  • NAV / 1-Day Return $5.90  /  +0.17 %
  • Fund Size $493.4M
  • Adjusted Expense Ratio 0.950%
  • Net Expense Ratio 0.950%
  • Fee Level: Distribution Below Average
  • Share Class Type Front Load
  • Morningstar Category High Yield Bond
  • Fixed-Income Style Box (Funds) —
  • Minimum Initial Investment $1,000
  • Investment Status Open
  • TTM Yield 5.20%
  • Average Effective Duration —
NAV and 1-Day Return as of

Morningstar’s Analysis PXHAX

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

  • People Pillar

    The People Pillar is our evaluation of the PXHAX 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 PXHAX’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 A 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 PXHAX

More PXHAX 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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