Impax High Yield Bond Fund Institutional (PXHIX)
6.16
0.00 (0.00%)
USD |
Dec 05 2025
Returns Chart
Key Stats
| Net Expense Ratio | Total Assets Under Management | Weighted Average Dividend Yield | Turnover Ratio (Generic) |
|---|---|---|---|
| 0.68% | 531.85M | -- | 61.00% |
| 1 Year Fund Level Flows | 1 Year Total Returns (Daily) | Annualized Total Returns Since Inception (Daily) | Max Drawdown (Since Inception) |
| -44.01M | 7.62% | Upgrade | Upgrade |
Basic Info
| Investment Strategy | |
| The Fund seeks high current income, and secondarily, capital appreciation. The Fund invests at least 80% of its assets in high-yield, fixed income securities that are rated below BBB- by S&P or below Baa3 by Moodys, or unrated and determined by the funds investment adviser to be of comparable quality. |
| General | |
| Security Type | Mutual Fund |
| Broad Asset Class | Taxable Bond |
| Broad Category | Fixed Income |
| Global Peer Group | Bond USD High Yield |
| Peer Group | High Yield Funds |
| Global Macro | Bond High Yield |
| US Macro | High Yield Funds |
| YCharts Categorization | -- |
| YCharts Benchmark | -- |
| Prospectus Objective | High Yield Funds |
| Fund Owner Firm Name | Impax Asset Management |
| Broad Asset Class Benchmark Index | |
| ^BBUSATR | 100.0% |
Net Fund Flows Versus Peer Group
1 Month
% Rank:
72
-783.63M
Peer Group Low
1.384B
Peer Group High
1 Year
% Rank:
65
-44.01M
-2.416B
Peer Group Low
3.509B
Peer Group High
3 Months
% Rank:
58
-1.540B
Peer Group Low
3.509B
Peer Group High
3 Years
% Rank:
68
-3.937B
Peer Group Low
12.61B
Peer Group High
6 Months
% Rank:
67
-1.828B
Peer Group Low
3.509B
Peer Group High
5 Years
% Rank:
29
-12.51B
Peer Group Low
14.99B
Peer Group High
YTD
% Rank:
68
-2.348B
Peer Group Low
4.761B
Peer Group High
10 Years
% Rank:
41
-8.499B
Peer Group Low
21.33B
Peer Group High
Date Unavailable
Risk
Performance Versus Peer Group
Annual Total Returns Versus Peers
As of December 06, 2025.
Asset Allocation
As of September 30, 2025.
| Type | % Net |
|---|---|
| Cash | 2.37% |
| Stock | 0.08% |
| Bond | 98.10% |
| Convertible | 0.00% |
| Preferred | 0.00% |
| Other | -0.56% |
Top 10 Holdings
| Name | % Weight | Price | % Change |
|---|---|---|---|
| JPMorgan US Treasury Plus Money Market Fund IM | 2.03% | 1.00 | 0.00% |
| iShares iBoxx $ High Yield Corporate Bond ETF | 1.86% | 80.75 | 0.00% |
| NCL Corporation Ltd. STRCRU-NCL 6.75 02/01/2032 FIX USD Corporate 144A | 1.16% | 101.83 | 0.04% |
| Liberty Mutual Group Inc. LIB 4.125 12/15/2051 FLT USD Corporate 144A '26 | 1.10% | 98.58 | 0.24% |
| Avantor Funding, Inc AVANTFU 4.625 07/15/2028 FIX USD Corporate 144A | 1.03% | 99.14 | -0.13% |
| CCO Holdings, LLC CHTR-CCOH 4.75 03/01/2030 FIX USD Corporate 144A | 0.98% | 95.34 | 0.08% |
| Hilton Domestic Operating Company Inc. HILTDOM 6.125 04/01/2032 FIX USD Corporate 144A | 0.97% | 103.15 | -0.10% |
| Cogent Communications Group, Inc. COI 7.0 06/15/2027 FIX USD Corporate 144A | 0.84% | 99.17 | -0.03% |
| Ryan Specialty, LLC RYSPEC 5.875 08/01/2032 FIX USD Corporate 144A | 0.82% | 101.85 | 0.03% |
| UNITED RENTALS (NORTH AMERICA), INC. UNITREN 5.25 01/15/2030 FIX USD Corporate | 0.81% | 101.27 | -0.01% |
Fees & Availability
| Fees | |
| Actual 12B-1 Fee | -- |
| Actual Management Fee | 0.50% |
| Administration Fee | -- |
| Maximum Front Load | -- |
| Maximum Deferred Load | -- |
| Maximum Redemption Fee | 2.00% |
| General Availability | |
| Available for Insurance Product | No |
| Available for RRSP | No |
| Purchase Details | |
| Open to New Investors |
|
| Minimum Initial Investment | 250000.0 None |
| Minimum Subsequent Investment | 0.00 None |
Basic Info
| Investment Strategy | |
| The Fund seeks high current income, and secondarily, capital appreciation. The Fund invests at least 80% of its assets in high-yield, fixed income securities that are rated below BBB- by S&P or below Baa3 by Moodys, or unrated and determined by the funds investment adviser to be of comparable quality. |
| General | |
| Security Type | Mutual Fund |
| Broad Asset Class | Taxable Bond |
| Broad Category | Fixed Income |
| Global Peer Group | Bond USD High Yield |
| Peer Group | High Yield Funds |
| Global Macro | Bond High Yield |
| US Macro | High Yield Funds |
| YCharts Categorization | -- |
| YCharts Benchmark | -- |
| Prospectus Objective | High Yield Funds |
| Fund Owner Firm Name | Impax Asset Management |
| Broad Asset Class Benchmark Index | |
| ^BBUSATR | 100.0% |
Fundamentals
| General | |
| Distribution Yield | -- |
| Dividend Yield TTM (12-4-25) | 6.16% |
| 30-Day SEC Yield (10-31-25) | 6.14% |
| 7-Day SEC Yield | -- |
| Number of Holdings | 10 |
| Bond | |
| Yield to Maturity (9-30-25) | 6.66% |
| Effective Duration | 3.01 |
| Average Coupon | 7.06% |
| Calculated Average Quality | 5.530 |
| Effective Maturity | 5.675 |
| Nominal Maturity | 7.044 |
| Number of Bond Holdings | 8 |
As of September 30, 2025
Fund Details
Top Portfolio Holders
| Name | % Weight |
|---|---|
| Portfolio A | 5.00% |
| Portfolio B | 3.50% |
| Portfolio C | 2.25% |
Excel Add-In Codes
| Name: =YCI("M:PXHIX", "name") |
| Broad Asset Class: =YCI("M:PXHIX", "broad_asset_class") |
| Broad Category: =YCI("M:PXHIX", "broad_category_group") |
| Prospectus Objective: =YCI("M:PXHIX", "prospectus_objective") |
| To find the codes for any of our securities and financial metrics, see our Complete Excel Reference. |