IGSIX Fees and Costs — Impax Global Social Leaders Fund, Institutional Class
Data updated: 2026-05-20
The net expense ratio is 0.98%: a 0.80% management fee plus 14.55% other expenses, less a 14.37% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $777 in broker commissions, 0.0362% of average net assets, and portfolio turnover was 30%.
IGSIX Fees and Expenses
Annual operating expenses and sales charges of IGSIX. Prospectus, as of April 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.80% |
| 12b-1 fee | 0.00% |
| Other expenses | 14.55% |
| Gross expense ratio | 15.35% |
| Fee waiver | −14.37% |
| Net expense ratio | 0.98% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
IGSIX Costs Over Time
On $10,000 invested in IGSIX, assuming 5% a year before costs, total costs come to $635 over 5 years, cutting the return by 1.07% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.98%) | $103 | $321 | $557 |
| Trading costs (broker commissions) | $4 | $12 | $21 |
| Lost growth on money paid in costs | $0 | $16 | $58 |
| Total costs | $107 | $349 | $635 |
| Value after costs | $10,393 | $11,227 | $12,127 |
| Impact on return, per year | 1.07% | 1.07% | 1.07% |
IGSIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0362%
- Total broker commissions: $777
- Bought from dealers (principal trades, not a cost): $1.9M
- Portfolio turnover (prospectus): 30%
- Securities on loan, average value: $2K
- Net income from securities lending: $6 (0.000% of average net assets)
IGSIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $167 | 21.53% |
| Barclays Capital, Inc. | $163 | 21.05% |
| UBS Securities LLC | $136 | 17.59% |
| Morgan Stanley & Co. LLC | $118 | 15.26% |
| ABN AMRO Clearing Chicago LLC | $86 | 11.12% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $34 | 4.39% |
| Optiver V.O.F. | $20 | 2.63% |
| Liquidnet, Inc. | $20 | 2.55% |
| Goldman Sachs & Co. LLC | $19 | 2.51% |
| BNP Paribas Securities Corp. | $10 | 1.35% |
IGSIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $1.9M | 100.00% |
Impax Global Social Leaders Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| IGSIX | Institutional Class | 0.98% | none |
| IGSLX | Investor Class | 1.23% | none |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.