PAXHX — Pax High Yield Bond Fund
Data updated: 2026-05-20
PAXHX — Pax High Yield Bond Fund data: holdings, portfolio allocation, expenses, performance, cashflows, risk and SEC filings. Intermediate Corporate Bond · $523.89M AUM · 0.95% expense ratio · 7.0% 1-yr return. From SEC regulatory filings.
PAXHX Fund Overview
PAXHX — Pax High Yield Bond Fund is a US mutual fund managed by Impax Funds Series Trust I, categorised as Intermediate Corporate Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Impax Funds Series Trust I
- Category: Intermediate Corporate Bond
- Assets under management: $523.89M
- 1-year return: 7.0%
- Ticker: PAXHX
- SEC CIK: 0000076721
- SEC series ID: S000015758
- Share class ID: C000043226
PAXHX Holdings
Top 10 holdings of Pax High Yield Bond Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| JPMorgan U.S. Treasury Plus Money Market Fund | 4.90% |
| Liberty Mutual Group, Inc. | 1.12% |
| CCO Holdings LLC / CCO Holdings Capital Corp. | 1.00% |
| Hilton Domestic Operating Co., Inc. | 0.97% |
| Kennedy-Wilson, Inc. | 0.86% |
| Avantor Funding, Inc. | 0.86% |
| Cogent Communications Group LLC / Cogent Finance, Inc. | 0.85% |
| Ryan Specialty LLC | 0.85% |
| CVR Partners LP / CVR Nitrogen Finance Corp. | 0.82% |
| United Rentals North America, Inc. | 0.82% |
PAXHX Portfolio Allocation
Asset-class allocation of Pax High Yield Bond Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 93.1% |
| Cash & Equivalents | 4.9% |
| Loans | 2.9% |
| Securitized | 0.3% |
| Equity | 0.1% |
PAXHX Performance
Total returns for PAXHX (as of 2026-08-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | -0.6% |
| 1 year | 7.0% |
| 3 years (annualised) | 7.3% |
| 5 years (annualised) | 2.7% |
PAXHX Risk Information
Risk metrics for PAXHX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 2.6%
PAXHX Costs and Fees
PAXHX costs about $95 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.95%
- Gross expense ratio: 0.95%
- Portfolio turnover: 84%
- Brokerage commissions: 0.83 bps of average net assets (SEC N-CEN)
PAXHX Cashflows
Over the 12 months to 2026-03, Pax High Yield Bond Fund had net outflows of $797.50K, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-03 | −$2.75M |
| 2026-02 | $2.36M |
| 2026-01 | $2.18M |
| 2025-12 | $2.70M |
| 2025-11 | −$3.92M |
| 2025-10 | $7.54M |
PAXHX Debt Constituents
Largest debt holdings of Pax High Yield Bond Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| Liberty Mutual Group, Inc. | 1.12% |
| CCO Holdings LLC / CCO Holdings Capital Corp. | 1.00% |
| Hilton Domestic Operating Co., Inc. | 0.97% |
| Kennedy-Wilson, Inc. | 0.86% |
| Avantor Funding, Inc. | 0.86% |
| Cogent Communications Group LLC / Cogent Finance, Inc. | 0.85% |
| Ryan Specialty LLC | 0.85% |
| CVR Partners LP / CVR Nitrogen Finance Corp. | 0.82% |
| United Rentals North America, Inc. | 0.82% |
| Directv Financing LLC / Directv Financing Co-Obligor, Inc. | 0.78% |
PAXHX Prospectus and SEC Filings
Official Pax High Yield Bond Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
Related Funds
Other Intermediate Corporate Bond funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.