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Impax High Yield Bond Institutional PXHIX

Medalist Rating as of | See Impax Investment Hub
  • NAV / 1-Day Return 5.95  /  +0.05 %
  • Total Assets 553.2 Mil
  • Adj. Expense Ratio
    0.670%
  • Expense Ratio 0.670%
  • Distribution Fee Level Average
  • Share Class Type Institutional
  • Category High Yield Bond
  • Credit Quality / Interest Rate Sensitivity
  • Min. Initial Investment 250,000
  • Status Open
  • TTM Yield 5.68%
  • Effective Duration

USD | NAV as of Feb 23, 2024 | 1-Day Return as of Feb 23, 2024, 11:18 PM GMT+0

Morningstar’s Analysis PXHIX

Will PXHIX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

The combination of an Average People Pillar rating and a Below Average Process Pillar rating limit Impax High Yield Bond Institutional to a Morningstar Medalist Rating of Neutral.

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Morningstar Manager Research

Summary

The portfolio maintains a cost advantage over competitors, priced within the second-cheapest fee quintile among peers.

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Portfolio Holdings PXHIX

  • Current Portfolio Date
  • Equity Holdings
  • Bond Holdings
  • Other Holdings
  • % Assets in Top 10 Holdings 10.2
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Jpmorgan Chase Var 12/49

1.46 8.1 Mil

CCO Holdings, LLC/ CCO Holdings Capital Corp. 4.75%

1.38 7.7 Mil
Corporate

Darling Ingredients, Inc 6%

1.05 5.8 Mil
Corporate

Avantor Funding Inc 4.625%

0.97 5.4 Mil
Corporate

NCR Voyix Corporation 5.125%

0.97 5.4 Mil
Corporate

Interface, Inc. 5.5%

0.91 5.0 Mil
Corporate

Medline Borrower, LP-Init

0.90 5.0 Mil
Corporate

Graphic Packaging International LLC 3.75%

0.88 4.9 Mil
Corporate

Iron Mountain Inc. 4.875%

0.86 4.8 Mil
Corporate

Zoominfo Technologies Llc /Zoominfo Financial Corporation 3.875%

0.82 4.6 Mil
Corporate