Impax High Yield Bond Fund Institutional Class (PXHIX)

Overview

The company focuses on income generation through investments in high-yield, fixed income securities. These are financial instruments that offer regular interest payments, such as bonds, notes, or debentures. What sets this firm apart is its strategy to primarily invest in securities rated below investment grade, also known as junk bonds. These ratings are provided by major credit rating agencies like Standard & Poor's (ratings below BBB-) and Moody's (ratings below Baa3), indicating a higher risk compared to investment-grade securities. Alternatively, the company may invest in unrated securities deemed by its investment adviser to possess comparable quality to the rated ones. This approach involves a higher level of risk but also the potential for greater returns, appealing to investors with a more aggressive risk tolerance.

Products and Services

• High-Yield Fixed Income Securities Investment

  This is the core service offering of the company, focusing on investing in bonds, notes, and debentures that are not rated as investment-grade. This service is designed for investors looking for higher income through investments in the high-risk, high-reward segment of fixed income securities. The selection of these securities is based on their potential to offer superior yields compared to investment-grade bonds, albeit at an increased risk of default.