Morningstar Fund Report  | 03/04/2025Print

Impax Global Equity Opportunities GBP M Accumulation

Performance History31/03/2025
Growth of 1,000 (GBP) Advanced Graph
Impax Global Equity Opportunities GBP M Accumulation
Fund21.8-7.89.89.3-5.0
+/-Cat7.210.3-6.2-5.91.4
+/-B’mrk3.711.2-12.5-14.63.6
 
Category: Global Large-Cap Growth Equity
Category Benchmark: Morningstar Gbl Growth TME ...
Key Stats
NAV
01/04/2025		 GBP 2.80
Day Change 0.14%
Morningstar Category™ Global Large-Cap Growth Equity
IA (formerly IMA) Sector Global
ISIN IE00BSXNJL56
Fund Size (Mil)
01/04/2025		 GBP 991.58
Share Class Size (Mil)
01/04/2025		 GBP 1.97
Max Initial Charge -
Ongoing Charge
11/02/2025		  1.07%
Investment Objective: Impax Global Equity Opportunities GBP M Accumulation
The Fund’s investment objective is to generate long term capital growth through an actively managed portfolio of equities from issuers across global equity markets.
Returns
Trailing Returns (GBP)01/04/2025
YTD-4.89
3 Years Annualised4.21
5 Years Annualised12.70
10 Years Annualised10.15
12 Month Yield 0.00
Management
Manager Name
Start Date
David Winborne
01/01/2018
Kirsteen Morrison
01/01/2014
Inception Date
23/12/2014

Category Benchmark
Fund BenchmarkMorningstar Benchmark
Not BenchmarkedMorningstar Gbl Growth TME NR USD
Portfolio Profile for  Impax Global Equity Opportunities GBP M Accumulation28/02/2025
Morningstar Style Box®
Equity Style
Asset Allocation
  % Long% Short% Net Assets
Stock97.460.0097.46
Bond0.000.000.00
Property0.000.000.00
Cash2.540.002.54
Other0.000.000.00
Top 5 Regions%
United States65.43
Eurozone11.39
United Kingdom9.26
Europe - ex Euro7.45
Japan4.29
Top 5 Sectors%
Technology27.42
Financial Services23.36
Healthcare18.98
Industrials14.29
Basic Materials8.04
Top 5 HoldingsSector%
Microsoft CorpTechnologyTechnology4.59
Mastercard Inc Class AFinancial ServicesFinancial Services4.33
Boston Scientific CorpHealthcareHealthcare4.30
Linde PLCBasic MaterialsBasic Materials3.76
NVIDIA CorpTechnologyTechnology3.57
Increase Decrease New since last portfolio
Impax Global Equity Opportunities GBP M Accumulation
Growth Of 1000 (GBP) 31/03/2025
Fund:  Impax Global Equity Opportunities GBP M Accumulation
Category:  Global Large-Cap Growth Equity
Category Index:  Morningstar Gbl Growth TME NR USD
Growth of 1,000 GBP
Annual Returns (GBP)31/03/2025
 201820192020202120222023202431/03
Price Return0.9928.0819.4621.78-7.829.789.32-5.03
+/- Category5.733.85-4.237.2210.26-6.24-5.871.45
+/- Category Index---3.7211.16-12.52-14.633.57
% Rank in Category152154176807629
Trailing Returns (GBP)01/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day0.14   -0.33-0.69
1 Week-2.10   1.201.54
1 Month-6.67   0.180.94
3 Months-4.89   1.332.96
6 Months-6.20   -4.52-6.11
YTD-4.89   1.332.95
1 Year-2.74   -1.39-6.27
3 Years Annualised4.21   0.34-2.54
5 Years Annualised12.70   1.77-1.35
10 Years Annualised10.15   1.14-0.98
 
Category: Global Large-Cap Growth Equity
Category Index: Morningstar Gbl Growth TME NR USD
Quarterly Returns (GBP)31/03/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
2025-5.03---
20246.910.033.82-1.54
20235.421.16-2.755.86
2022-7.59-7.811.816.28
20210.467.615.217.08
2020-12.1919.245.078.60
 
 
 
Morningstar Rating™(Relative to Category)28/02/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearAverageAverage3 star
5-YearAverageAverage4 star
10-YearAbove AverageAbove Average3 star
OverallAbove AverageAbove Average3 star
 
Category :  Global Large-Cap Growth EquityClick here to see our Methodology
Volatility Measurements31/03/2025
 
3-Yr Std Dev12.76 %
3-Yr Mean Return5.20 %
 
3-Yr Sharpe Ratio0.08
 
Modern Portfolio Statistics31/03/202531/03/2025
 Standard IndexBest Fit Index
 Morningstar Gbl Growth TME NR USD  Morningstar EU Agg Gbl Tgt Alloc NR EUR
3-Yr Beta0.921.17
3-Yr Alpha-1.96-0.38
 
Investment Style Details28/02/2025
Morningstar Style Box®
Equity Style
SizeRel to Cat
Average Mkt Cap (Mil)GBP 85425-
Market Capitalisation% of Equity
Giant33.28
Large46.63
Medium14.46
Small5.64
Micro0.00
Valuations and Growth RatesEquity PortfolioRelative to Category
Price/Prospective Earnings22.600.94
Price/Book3.620.73
Price/Sales3.240.87
Price/Cash Flow18.741.13
Dividend-Yield Factor1.251.09
 
Long-Term Projected Earnings Growth11.040.98
Historical Earnings Growth10.040.75
Sales Growth9.281.03
Cash-Flow Growth14.751.21
Book-Value Growth10.940.98
 
Category: Global Large-Cap Growth Equity
Asset Allocation28/02/2025
Asset Allocation
 % Long% Short% Net Assets
Stock97.460.0097.46
Bond0.000.000.00
Property0.000.000.00
Cash2.540.002.54
Other0.000.000.00
World Regions28/02/2025
 % of EquityRelative to Category
United States65.430.99
Canada0.000.00
Latin America0.000.00
United Kingdom9.261.81
Eurozone11.391.07
Europe - ex Euro7.451.39
Europe - Emerging0.000.00
Africa0.000.00
Middle East0.000.00
Japan4.291.39
Australasia0.000.00
Asia - Developed0.000.00
Asia - Emerging2.190.85
 
Category: Global Large-Cap Growth Equity
Sector Weightings28/02/2025
 % of EquityRelative to Category
Basic MaterialsBasic Materials8.042.86
Consumer CyclicalConsumer Cyclical1.140.09
Financial ServicesFinancial Services23.361.57
Consumer DefensiveConsumer Defensive5.181.05
HealthcareHealthcare18.981.37
Communication ServicesCommunication Services1.600.19
IndustrialsIndustrials14.291.31
TechnologyTechnology27.420.92
 
Category: Global Large-Cap Growth Equity
Top 10 Holdings28/02/2025
 Portfolio NEW
Total Number of Equity Holdings42
Total Number of Bond Holdings0
Assets in Top 10 Holdings36.50
NameSectorCountry% of Assets
Microsoft Corp311United States4.59
Mastercard Inc Class A103United States4.33
Boston Scientific Corp206United States4.30
Linde PLC101United States3.76
NVIDIA Corp311United States3.57
Oracle Corp311United States3.41
Marsh & McLennan Companies Inc103United States3.28
Thermo Fisher Scientific Inc206United States3.18
Alcon Inc206Switzerland3.18
Analog Devices Inc311United States2.89
 
Increase Decrease New since last portfolio
Category: Global Large-Cap Growth Equity
 
Management
Name of CompanyImpax Asset Management Ireland Limited
Phone-
Website -
AddressIreland
 -   -
 Ireland
DomicileIreland
Legal StructureOpen Ended Investment Company
UCITSYes
Inception Date23/12/2014
Fund Advisor(s)
Impax Asset Management Ltd
Fund ManagerDavid Winborne
Manager Start Date01/01/2018
Career Start Year2001
Education
2001, University of Bath, BSc
 
Biography
David is co-manager of the Global Opportunities and Leaders strategies. He has global research responsibility and specializes in the Energy Efficiency and Pollution Control environmental markets sub-sectors. David researches stocks globally with a focus on the Technology and Communications sectors. David joined Impax in 2015 from the in-house asset management team at Tesco Pension Investment where he had joint responsibility for the successful development, launch and management of a new global equities investment platform for Tesco’s pension fund.
Fund ManagerKirsteen Morrison
Manager Start Date01/01/2014
Career Start Year1987
Education
University of Oxford, M.A.
 
Biography
Kirsteen co-manages the Global Opportunities strategy and is an interim manager on the Asian Environmental and Asian Opportunities strategies. She is also a member of the Pax Sustainable Allocation Fund portfolio management team.Kirsteen joined Impax in September 2009. She began her career in the investment industry in 1987, investing in Asian equities as a portfolio manager at Royal London and Henderson Global Investors. She returned from Singapore in 2001 to head the SRI Investment team at Henderson Global Investors in London. Subsequently, Kirsteen worked within global equities.
Fees and Expenses
Sales Charges (Maximum) 
Max Initial Chargen/a
Max Exit Charge*n/a
Annual Charges
Max Annual Management Chargen/a
Ongoing Charge1.07%
Purchase Details
Minimum Investments
Initial-
Additional-
Savings-
Tax Free Savings Schemes
ISAsYes