Pax Large Cap Fund Individual Investor Class
PAXLX
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
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- Pax World Funds Series Trust I MA United States of America
- IPO Date
- Dec 16, 2016
- CIK
- 0000076721
- Website
- impaxam.com
- Similar Companies
- Business
- Impax Large Cap Fund Individual Investor Class (PAXLX) is an open-end mutual fund that seeks long-term growth of capital by investing at least 80% of its net assets in equity securities of large-cap companies, primarily those within the capitalization range of the S&P 500 Index, with a focus on U.S. issuers and up to 45% in non-U.S. securities including American Depositary Receipts; the fund employs a proprietary sustainability lens integrating environmental, social, and governance (ESG) research to manage risks and identify opportunities in companies addressing secular growth trends such as resource efficiency, electrification, cloud computing evolution, clean water, access to finance, and transformative health care; it maintains a high-conviction portfolio of 40 to 60 stocks selected bottom-up for favorable business trends, strong management, and valuation discipline, benchmarked against the S&P 500 Index in the large blend category. Launched on December 16, 2016, the fund is a series of Impax Funds Series Trust I, managed by Impax Asset Management LLC, a specialist sustainable asset manager headquartered in Portsmouth, New Hampshire, with parent operations based in London, United Kingdom; it targets institutional and retail investors, with the Individual Investor Class featuring a net expense ratio of 0.98%, a minimum initial investment of $1,000, and daily pricing, while the Institutional Class (PXLIX) offers a lower 0.73% expense ratio and $250,000 minimum; as of late 2025, net assets across classes exceed $1.5 billion, with portfolio managers including Amber Fairbanks and Joseph Cordi (since March 2025), alongside Andrew Braun and Barbara Browning. Recent developments include manager transitions with Amber Fairbanks and Joseph Cordi appointed in March 2025; the fund received Morningstar's Low Carbon Designation based on 96% of AUM as of September 2025; parent Impax Asset Management expanded capabilities through key 2024-2025 acquisitions, such as SKY Harbor Capital Management in September 2025 for U.S. and European high-yield fixed income strategies, Absalon Corporate Credit in July 2024, and a majority stake in Bullfinch Asset (a German energy fintech) via its NEV IV infrastructure fund in July 2025, bolstering fixed income AUM to approximately £2.6 billion and supporting sustainable investment platforms; these moves enhance Impax's scale in sustainable equities and credit markets amid steady AUM growth.