Impax High Yield Bond Fund Investor Class
PAXHX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- CEO
- Ian Simm
- Sector
- Financial Services
- Industry
- Asset Management
- Address
- Portsmouth, NH 03801-3852 Portsmouth NH United States of America 03801
- IPO Date
- Oct 8, 1999
- CIK
- 0000076721
- Website
- impaxam.com
- Similar Companies
- Business
- Impax High Yield Bond Fund Investor Class (PAXHX) is a mutual fund that seeks high current income by investing primarily in high yield, lower-rated fixed income securities, with a secondary objective of total return. The fund offers exposure to a diversified portfolio of corporate bonds, notes, and debentures rated below investment grade; asset-backed securities; and up to 20% in equity securities or higher-rated debt, emphasizing issuers with positive environmental, social, and governance (ESG) characteristics through Impax Asset Management's sustainable investment framework. It provides share classes including Investor Class (PAXHX), Institutional Class (PIMHX), and others, with services such as daily liquidity, professional management, and quarterly distributions for income-seeking investors such as individuals, financial advisors, and institutions targeting non-investment grade fixed income. Operated by Impax Asset Management LLC, the fund traces its roots to Pax World Funds, founded in 1971 and headquartered in Portsmouth, New Hampshire, with global operations spanning the United States, Europe, and Asia through Impax's offices. The investment strategy focuses on below-investment-grade debt markets in North America and select international sectors; target customers include retirement plans, endowments, and high-net-worth individuals prioritizing yield alongside sustainability screens that exclude certain industries like tobacco and weapons. In recent developments, Impax Asset Management (formerly Pax World Management LLC) completed its acquisition by Impax Asset Management Group plc in 2021, marking a strategic expansion into U.S. sustainable fixed income; launched enhancements to its ESG integration methodology in 2023 amid rising demand for green bonds; and announced a portfolio manager transition in early 2025 to bolster high yield expertise amid market volatility. The fund maintained stable assets under management around $150 million as of late 2025, with no major reorganizations but ongoing adaptations to Federal Reserve rate policies and credit cycle shifts. These changes position PAXHX for resilient performance in high yield sectors while upholding its pioneering sustainable mandate.