Impax High Yield Bond Fund Q4 2025 Commentary

Impax Asset Management18 FollowersFollow5ShareSavePlay(17min)CommentsSummaryThe High Yield Bond portfolio outperformed its benchmark during the fourth quarter on a gross of fees basis.Security selection was the primary driver of the outperformance while allocation decisions in a handful of sectors modestly detracted.During the period, an overweight allocation to the insurance and transportation sectors, alongside an underweight position in leisure, contributed positively to performance.From an allocation perspective, the strategy’s overweight allocation to the media and technology & electronics sectors, while underweight the automotive sector, detracted from performance over the period. laddawan punna/iStock via Getty Images Performance The High Yield Bond portfolio (PXHIX) outperformed its benchmark during the fourth quarter on a gross of fees basis. Security selection was the primary driver of the outperformance while allocation decisions in aThis article was written byImpax Asset Management18 FollowersFollowFounded in 1998, Impax is a specialist asset manager investing in the opportunities arising from the transition to a more sustainable global economy. Impax believes that capital markets will be shaped profoundly by global sustainability challenges, including climate change, pollution and essential investments in human capital, infrastructure and resource efficiency. These trends will drive growth for well-positioned companies and create risks for those unable or unwilling to adapt. Impax offers a well-rounded suite of investment solutions spanning multiple asset classes seeking strong risk-adjusted returns over the medium to long term. Impax manages funds and accounts in five areas: actively managed long-only equity, fixed income, systematic equities, multi asset, and new energy infrastructure. Impax has offices in the United Kingdom, the United States, Ireland, Denmark, Hong Kong and Japan, approximately £36.9 billion in assets under management and has one of the investment management sector’s largest investment teams dedicated to sustainable development. Note: This account is not managed or monitored by Impax, and any messages sent via Seeking Alpha will not receive a response. For inquiries or communication, please use Impax's official channels.