Impax Core Bond Fund Q1 2026 Commentary
The Impax Core Bond Fund outperformed its benchmark in the first quarter of 2026. Key contributors to this performance included an overweight allocation to securitized products and effective security selection. The fund also made strategic adjustments by reducing exposure to corporate credit in specific sectors.
- ▪The Core Bond portfolio outperformed its benchmark on a net-of-fees basis during Q1 2026.
- ▪An overweight allocation to securitized products was the largest contributor to the fund's performance.
- ▪The fund reduced its exposure to corporate credit, particularly in the communications and capital goods sectors.
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