PXGAX Fees and Costs — Impax US Sustainable Economy Fund, Class A
Data updated: 2026-08-19
The net expense ratio is 0.84%: a 0.59% management fee plus a 0.25% 12b-1 fee. This share class carries a maximum front-end sales load of 5.50% and a deferred sales charge of up to 1.00%. In fiscal 2025 the fund paid $218K in broker commissions, 0.0465% of average net assets, and portfolio turnover was 52%.
PXGAX Fees and Expenses
Annual operating expenses and sales charges of PXGAX. Prospectus, as of May 1, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.59% |
| 12b-1 fee | 0.25% |
| Other expenses | — |
| Gross expense ratio | 0.84% |
| Fee waiver | — |
| Net expense ratio | 0.84% |
| Sales charges | |
|---|---|
| Max front load | 5.50% |
| Max deferred load | 1.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
PXGAX Costs Over Time
On $10,000 invested in PXGAX, assuming 5% a year before costs, total costs come to $1,227 over 5 years, cutting the return by 2.10% 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 |
| Sales charges | $648 | $550 | $550 |
| Fund expenses (net expense ratio 0.84%) | $83 | $260 | $452 |
| Trading costs (broker commissions) | $5 | $14 | $25 |
| Lost growth on money paid in costs | $27 | $100 | $200 |
| Total costs | $764 | $925 | $1,227 |
| Value after costs | $9,736 | $10,651 | $11,536 |
| Impact on return, per year | 7.64% | 2.87% | 2.10% |
PXGAX 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): 0.0465%
- Total broker commissions: $218K
- Bought from dealers (principal trades, not a cost): $83.4M
- Portfolio turnover (prospectus): 52%
- Securities on loan, average value: $5.5M
- Net income from securities lending: $12K (0.003% of average net assets)
PXGAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co. LLC | $127K | 58.27% |
| BofA Securities, Inc. | $46K | 21.15% |
| Goldman Sachs & Co. LLC | $20K | 9.24% |
| UBS Securities LLC | $12K | 5.39% |
| Barclays Capital, Inc. | $11K | 4.96% |
| ABN AMRO Clearing Chicago LLC | $2K | 0.98% |
PXGAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $83.4M | 100.00% |
Impax US Sustainable Economy Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| PWGIX | Institutional Class | 0.59% | none |
| PXGAX | Class A | 0.84% | 5.50% |
| PXWGX | Investor Class | 0.84% | 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.