PXLIX Performance — Impax Large Cap Fund, Institutional Class
Data updated: 2026-08-19
PXLIX returned +1.18% year to date and +7.61% over one year to Jun 2026. Annualised returns are +11.70% over 3 years and +6.46% over 5 years. The fund trailed its US Large Blend category average: $100 invested three years ago grew to $139, against $157 for the category, and to $108 over one year, against $118. Volatility over the past three years was 14.31% a year. In the 12 months to Jun 2026 the fund lost a net $535.9M, and assets reached $365.37M.
PXLIX Growth of $100
What $100 invested in Impax Large Cap Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the US Large Blend category average over the same months.
| Period | PXLIX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $108 | $118 |
| 3 years (Jul 2023 – Jun 2026) | $139 | $157 |
| 5 years (Jul 2021 – Jun 2026) | $137 | $161 |
| Since data start (Jul 2019 – Jun 2026) | $231 | $229 |
PXLIX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +1.18% |
| 1 year | +7.61% |
| 3 years (annualised) | +11.70% |
| 5 years (annualised) | +6.46% |
PXLIX Annual Returns
Calendar-year total returns of Impax Large Cap Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +1.18% |
| 2025 | +12.20% |
| 2024 | +14.02% |
| 2023 | +20.10% |
| 2022 | −19.77% |
| 2021 | +30.92% |
| 2020 | +23.98% |
| 2019 (Jul–Dec) | +13.88% |
PXLIX 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 | −0.5% | −2.2% | −5.6% | +10.1% | +2.9% | −2.9% | — | — | — | — | — | — |
| 2025 | +2.1% | −1.9% | −6.7% | −0.2% | +7.0% | +5.7% | +4.1% | +0.5% | +2.7% | +1.5% | −2.0% | −0.5% |
| 2024 | +1.6% | +4.4% | +3.6% | −4.7% | +3.1% | +1.3% | +1.9% | +2.1% | +2.4% | −3.2% | +4.2% | −3.0% |
| 2023 | +1.2% | −3.3% | +8.2% | +6.3% | −2.6% | +1.7% | −5.3% | −3.0% | +3.5% | −2.7% | +10.4% | +5.4% |
| 2022 | +1.0% | −2.4% | −4.6% | −7.1% | −0.9% | −7.2% | −10.0% | −4.5% | +8.3% | −6.4% | +5.8% | +8.4% |
| 2021 | +4.6% | +4.0% | +0.5% | +1.4% | +1.7% | +5.8% | −5.3% | +2.8% | +2.6% | +5.4% | −2.0% | +6.3% |
| 2020 | −11.0% | −7.9% | −0.3% | +2.8% | +5.0% | +11.3% | −2.9% | +7.5% | +6.1% | +3.3% | +12.1% | −1.5% |
| 2019 | — | — | — | — | — | — | +2.6% | −1.6% | +2.0% | +3.5% | +3.8% | +2.9% |
PXLIX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 14.31%
- 3-year Sharpe ratio: 0.50 (vs 4.5% risk-free rate)
- Best month: +10.44% (Nov 2023)
- Worst month: −6.72% (Mar 2025)
PXLIX Fund Flows
Monthly money in and out of Impax Large Cap Fund, from SEC Form N-PORT.
- 12-month net flow: −$535.9M
- 12-month gross sales (incl. reinvestments): $238.1M
- Sales ÷ redemptions: 0.31×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $4.8M | $245.8M | −$241.0M |
| May 2026 | $723K | $3.7M | −$3.0M |
| Apr 2026 | $830K | $7.2M | −$6.4M |
| Mar 2026 | $2.0M | $7.2M | −$5.2M |
| Feb 2026 | $1.4M | $297.5M | −$296.1M |
| Jan 2026 | $2.3M | $10.6M | −$8.3M |
| Dec 2025 | $212.3M | $20.6M | $191.7M |
| Nov 2025 | $1.4M | $3.9M | −$2.5M |
| Oct 2025 | $2.5M | $7.7M | −$5.2M |
| Sep 2025 | $1.2M | $130.7M | −$129.5M |
| Aug 2025 | $3.5M | $10.9M | −$7.4M |
| Jul 2025 | $5.1M | $28.2M | −$23.1M |
PXLIX Assets Under Management
Net assets of Impax Large Cap Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $365.37M |
| 2026-03-31 | $567.69M |
| 2025-12-31 | $934.46M |
| 2025-09-30 | $972.09M |
| 2025-06-30 | $1.06B |
| 2025-03-31 | $1.23B |
| 2024-12-31 | $1.37B |
| 2024-09-30 | $1.44B |
| 2024-06-30 | $1.49B |
| 2024-03-31 | $1.55B |
| 2023-12-31 | $1.44B |
| 2023-09-30 | $1.25B |
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.