Fund Evaluator:

Impax US Sustainable Economy Instl Overview

Impax US Sustainable Economy Instl (PWGIX) is an actively managed U.S. Equity Large Blend fund. Impax Asset Management launched the fund in 2007.

The investment seeks long-term growth of capital. The Adviser follows a sustainable investing approach, investing in companies that the Adviser believes are well positioned to benefit from the transition to a more sustainable economy, integrating environmental, social and governance (ESG) analysis into portfolio construction and managing the portfolio within certain risk parameters relative to the fund’s benchmark universe of Russell 1000 Index companies. Under normal market conditions, the fund invests at least 80% of its net assets in large-capitalization U.S. equity securities.

About Impax US Sustainable Economy Instl (PWGIX)

There are 2 members of the management team with an average tenure of 2.75 years: Scott LaBreche (2021), Robb Ruhr (2026). Management tenure is more important for actively managed funds than passive index funds.

The fund has 2 primary benchmarks: Russell 1000 TR USD index with a weighting of 100% and S&P 500 (TR) (1970) index with a weighting of 100%. Impax US Sustainable Economy Instl has 140 securities in its portfolio. The top 10 holdings constitute 37.4% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is considered to have an ESG focus with its investment selection and management.

Impax US Sustainable Economy Instl is part of the Equity global asset class and is within the U.S. Equity fund group. Impax US Sustainable Economy Instl has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 99.0%. There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Impax US Sustainable Economy Instl has 1.0% of the portfolio in cash.

Assets Under Management

The fund has $855 million in total assets, which is below the $6 billion average for the Large Blend category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

PWGIX Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Impax US Sustainable Economy Instl expense ratio is average compared to funds in the Large Blend category. Impax US Sustainable Economy Instl has an expense ratio of 0.59%, which is 27% lower than its category average, making the fund expense ratio grade a B. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. Impax US Sustainable Economy Instl has a portfolio turnover rate of 52%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 48% for the Large Blend category.

Recently, in the month of June 2026, Impax US Sustainable Economy Instl returned 0.2%, which earned it a grade of B, as the Large Blend category had an average return of -0.2%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.

Impax US Sustainable Economy Instl has a trailing yield of 0.99%, which is above the 0.56% category average. The fund normally distributes its income semi-annually and its capital gains semi-annually.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

Impax US Sustainable Economy Instl Grades

Year to date, the fund has returned 12.5%, 3.4 percentage points better than the category, which translates into a grade of A. The fund has returned 25.8% over the past year (grade of A), 19.4% over the past three years (grade of C) and 12.5% per year over the past five years (grade of C) and 14.2% per year over the past 10 years (grade of C).

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