Morningstar

Impax High Yield Bond Fund Institutional Class PXHIX

Morningstar Medalist Rating
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Medalist Rating as of See Impax Investment Hub
  • NAV / 1-Day Return$5.91  /  −0.17%
  • Fund Size$493.7M
  • Adjusted Expense Ratio0.700%
  • Net Expense Ratio0.700%
  • Fee Level: DistributionAverage
  • Share Class TypeInstitutional
  • Morningstar CategoryHigh Yield Bond
  • Fixed-Income Style Box (Funds)—
  • Minimum Initial Investment$250,000
  • Investment StatusOpen
  • TTM Yield6.62%
  • Average Effective Duration—
NAV and 1-Day Return as of

Morningstar’s Analysis PXHIX

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

  • People Pillar

    The People Pillar is our evaluation of the PXHIX 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 PXHIX’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 Institutional holds a quantitatively derived Neutral Morningstar Medalist Rating. The rating suggests the model does not express a clear expectation of outperformance or underperformance relative to peers over a full market cycle.

by Morningstar Automated Analysis
Rated on Published on

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Portfolio Holdings PXHIX

More PXHIX Holdings
  • Current Portfolio Date
  • Equity Holdings—
  • Bond Holdings—
  • Other Holdings—
  • % Assets in Top 10 Holdings7.6
Top 10 Holdings
% Portfolio Weight
Market Value USD
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CVR Partners, LP and CVR Nitrogen Finance Corporation 6.13%

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Digicel International Finance Ltd/DIFL US LLC 8.63%

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Gray Media Inc. 9.63%

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Kehe Distributers LLC / Kehe Finance Corp. / New Wave Distribution Inc. 7.1

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Humana Inc. 6.63%

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Virgin Media Secured Finance PLC 5.5%

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Viking Baked Goods Acquisition Corp 8.63%

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