PAXBX Performance — Impax Core Bond Fund, Investor Class
Data updated: 2026-08-19
PAXBX returned +0.55% year to date and +3.45% over one year to Jun 2026. Annualised returns are +3.79% over 3 years and −0.18% over 5 years. The fund trailed its Intermediate Core Bond category average: $100 invested three years ago grew to $112, against $115 for the category, and to $103 over one year, against $104. Volatility over the past three years was 5.41% a year. In the 12 months to Jun 2026 the fund took in a net $51.7M, and assets reached $886.42M.
PAXBX Growth of $100
What $100 invested in Impax Core Bond Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Intermediate Core Bond category average over the same months.
| Period | PAXBX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $103 | $104 |
| 3 years (Jul 2023 – Jun 2026) | $112 | $115 |
| 5 years (Jul 2021 – Jun 2026) | $99 | $102 |
| Since data start (Jul 2019 – Jun 2026) | $106 | $112 |
PAXBX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +0.55% |
| 1 year | +3.45% |
| 3 years (annualised) | +3.79% |
| 5 years (annualised) | −0.18% |
PAXBX Annual Returns
Calendar-year total returns of Impax Core Bond Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +0.55% |
| 2025 | +6.44% |
| 2024 | +1.33% |
| 2023 | +5.36% |
| 2022 | −13.15% |
| 2021 | −1.63% |
| 2020 | +6.90% |
| 2019 (Jul–Dec) | +2.05% |
PAXBX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +0.2% | +1.5% | −1.8% | +0.2% | +0.3% | +0.1% | — | — | — | — | — | — |
| 2025 | +0.4% | +2.1% | −0.1% | +0.3% | −0.7% | +1.4% | −0.3% | +1.2% | +1.0% | +0.5% | +0.6% | −0.3% |
| 2024 | −0.1% | −1.3% | +0.9% | −2.4% | +1.6% | +1.0% | +2.1% | +1.4% | +1.3% | −2.6% | +1.2% | −1.6% |
| 2023 | +2.3% | −2.5% | +3.2% | −0.2% | −1.1% | +0.5% | −2.4% | −0.5% | −0.2% | −1.6% | +4.5% | +3.5% |
| 2022 | −2.6% | −1.2% | −2.1% | −1.7% | +0.3% | −3.5% | −4.2% | −2.8% | +2.5% | −0.5% | +3.3% | −1.2% |
| 2021 | −1.0% | −1.6% | −0.7% | +0.7% | +0.3% | +0.7% | −0.9% | −0.1% | +1.0% | −0.2% | +0.2% | −0.1% |
| 2020 | −1.6% | +1.8% | +2.0% | +0.8% | +0.5% | +2.0% | 0.0% | −0.6% | +1.4% | +0.1% | +0.8% | −0.5% |
| 2019 | — | — | — | — | — | — | −0.6% | +2.5% | +0.2% | −0.2% | −0.1% | +0.2% |
PAXBX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 5.41%
- 3-year Sharpe ratio: -0.13 (vs 4.5% risk-free rate)
- Best month: +4.52% (Nov 2023)
- Worst month: −2.57% (Oct 2024)
PAXBX Fund Flows
Monthly money in and out of Impax Core Bond Fund, from SEC Form N-PORT.
- 12-month net flow: $51.7M
- 12-month gross sales (incl. reinvestments): $83.3M
- Sales ÷ redemptions: 2.63×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $30.3M | $1.4M | $28.9M |
| May 2026 | $5.2M | $855K | $4.4M |
| Apr 2026 | $4.5M | $1.1M | $3.4M |
| Mar 2026 | $4.3M | $1.6M | $2.6M |
| Feb 2026 | $5.9M | $5.0M | $843K |
| Jan 2026 | $5.3M | $1.3M | $3.9M |
| Dec 2025 | $4.3M | $2.4M | $1.8M |
| Nov 2025 | $5.8M | $1.7M | $4.1M |
| Oct 2025 | $5.2M | $921K | $4.3M |
| Sep 2025 | $4.6M | $883K | $3.7M |
| Aug 2025 | $4.0M | $1.4M | $2.6M |
| Jul 2025 | $3.9M | $12.9M | −$9.0M |
PAXBX Assets Under Management
Net assets of Impax Core Bond Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $886.42M |
| 2026-03-31 | $852.82M |
| 2025-12-31 | $853.73M |
| 2025-09-30 | $844.33M |
| 2025-06-30 | $838.92M |
| 2025-03-31 | $855.78M |
| 2024-12-31 | $832.72M |
| 2024-09-30 | $898.89M |
| 2024-06-30 | $876.66M |
| 2024-03-31 | $872.96M |
| 2023-12-31 | $893.88M |
| 2023-09-30 | $845.25M |
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.