Impax International Sustainable Economy Fund Q1 2026 Commentary
The Impax International Sustainable Economy Fund reported a positive performance in Q1 2026, driven by a fair value adjustment to its international holdings. This adjustment contributed significantly to the fund's return, which outperformed the MSCI EAFE Index. Despite a strong start to the year, equity markets ended the quarter lower.
- ▪The fund's quarter-end return included a fair value adjustment that contributed +238bps.
- ▪The net asset value return of the fund outperformed the MSCI EAFE Index.
- ▪Equity markets experienced a decline despite a strong beginning to the year.
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