PXSIX – Impax Small Cap Institutional Investment Strategy | Morningstar

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Strategy

The investment seeks long-term growth of capital. The fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities of companies that, when purchased, have capitalizations within the range of the Russell 2000 Index as measured by market capitalization. The fund may invest up to 45% of its assets in securities of non-U.S. issuers. It may invest no more than 25% of its assets in securities of non-U.S. issuers other than ADRs.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
PXSCX	Impax Small Cap Fund Investor Class	No Load	Open			Mar 27, 2008	$112.79M	1.160%	Average	$1,000	−$2.33M
PXSIX	Impax Small Cap Fund Institutional Class	Institutional	Open			Mar 27, 2008	$763.12M	0.910%	Average	$250,000	$20.31M
PXSAX	Impax Small Cap Fund Class A	Front Load	Open			May 1, 2013	$15.15M	1.160%	Below Average	$1,000	−$686,161.08

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