Impax International Sustainable Economy Fund Investor Class
PXINX
NASDAQ- -
USD
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Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 30 Penhallow Street, Suite 400 Portsmouth NH United States of America 03801-3852
- IPO Date
- Mar 28, 2008
- CIK
- 0000076721
- Website
- impaxam.com
- Similar Companies
- Business
- Impax International Sustainable Economy Fund Individual Investor Class (PXINX) is a mutual fund that seeks long-term growth of capital by investing principally in large-capitalization equity securities of companies in non-U.S. developed markets, following a sustainable investing approach that integrates environmental, social, and governance (ESG) factors to identify firms well-positioned for the transition to a more sustainable global economy; the fund maintains risk parameters relative to the MSCI EAFE Index and MSCI EAFE ESG Leaders Index benchmarks, with over 80% of net assets typically allocated to such equities, including top holdings like ASML Holding NV, AstraZeneca PLC, Hitachi Ltd, HSBC Holdings PLC, and Novartis AG across sectors such as technology, healthcare, industrials, financial services, and utilities. The fund offers Investor Class shares (minimum investment $1,000) and Institutional Class shares (minimum $250,000), managed by portfolio managers Scott LaBreche and Christine Cappabianca, with assets under management of approximately $1.56 billion across share classes, 131 holdings, and a turnover ratio of 46% as of October 31, 2025; it targets institutional and individual investors focused on foreign large-blend strategies, exhibiting low carbon characteristics per Morningstar designation. Impax Asset Management LLC serves as the investment adviser to the fund, which is part of the Impax Funds series distributed by Foreside Financial Services, LLC, operating primarily in developed markets outside the U.S., including Japan (23.2%), United Kingdom (14.6%), France (10.7%), Switzerland (10.1%), and Germany (9.8%). Originally launched in January 2011 as part of Pax World Funds—pioneers in sustainable investing founded in 1971 headquartered in Portsmouth, New Hampshire—the fund was known as Pax MSCI EAFE ESG Leaders Index Fund until March 31, 2021, when it transitioned to its systematic active strategy under Impax; Pax World Management LLC was acquired by Impax Asset Management Group plc (founded 1998, headquartered in London, UK) in January 2018 for an initial $52.5 million, integrating U.S. mutual fund operations. In recent years, the fund has benefited from Impax's broader strategic expansions, including a full rebranding of Pax World Funds to Impax Funds effective December 31, 2022; Impax's acquisition of Absalon Corporate Credit assets in July 2024 and Sky Harbor Capital Management fixed income assets in September 2025, bolstering its fixed income capabilities to £2.6 billion in assets under management and advice with strategies in high yield, core bond, and emerging markets corporate bonds; and a majority investment by an Impax fund in German energy fintech Bullfinch in 2025 to advance energy transition technologies. Amid 2025 market volatility, Impax reported a 30% AUM decline to £26 billion and pursued ETF expansion into the U.S. market starting early 2026, alongside growth in private markets and fixed income to diversify beyond listed equities, while maintaining ESG focus across its global operations.