Impax Global Infrastructure ETF (BLDX)

Overview

BLDX targets infrastructure businesses that support essential global systems and long-term sustainability themes through an actively managed equity portfolio. The fund strategically invests in firms that derive substantial revenues from infrastructure-related goods, services, or assets. These investments span critical areas such as clean energy, water systems, transportation, resource management, and data and communications, reflecting an increasing need for sustainable solutions in these sectors.

The fund employs a portfolio construction strategy that integrates fundamental financial analysis with environmental, social, and governance (ESG) factors deemed financially material by the adviser. This multifaceted approach is not restricted to any one investment style, allowing the fund to hold a diverse mix of growth, value, or blended exposures across various market capitalizations. Additionally, BLDX invests globally, ensuring a notable allocation to firms outside the United States, which may include emerging markets. The sector and regional positioning of the portfolio may evolve over time, exposing investors to a variety of areas, including but not limited to industrials, utilities, and real estate investment trusts (REITs). At present, the fund has transitioned from a mutual fund to an exchange-traded fund (ETF) and currently manages about $101 million in assets.

Products and Services

• Actively Managed Equity Portfolio

  BLDX's primary offering is its actively managed equity portfolio, which focuses on investments in infrastructure businesses that are essential for global systems and sustainability. This approach allows for nimble adjustments based on market conditions and opportunities.

• Global Investment Strategy

  The fund adopts a global investment strategy, tapping into opportunities across international markets, including a significant stake in emerging markets. This international focus helps diversify the portfolio and capitalize on growth trajectories in different regions.

• Sector Flexibility

  With the potential for exposure to various sectors such as industrials, utilities, and REITs, BLDX provides a flexible investment approach. The ability to shift sector positioning over time allows the fund to adapt to changing economic landscapes and sector performance.

• ESG Integration

  BLDX incorporates ESG factors into its investment decision-making process, which is increasingly considered crucial for long-term performance. By evaluating companies on these grounds, the fund aims to invest in firms that not only deliver financial returns but also contribute positively to society and the environment.

• Diverse Investment Styles

  The strategy employed by BLDX is versatile, accommodating growth, value, or blended investment styles. This versatility enables the fund to leverage various market conditions and seize opportunities that align with the fund's overarching goals.

• Transition to ETF

  The conversion from a mutual fund to an ETF enhances the flexibility and accessibility of BLDX for investors. This transition allows for more efficient trading and can potentially reduce investment costs associated with the fund.