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The Pax Global Opportunities Fund seeks to deliver capital growth by investing in companies positioned to benefit from the transition to a more sustainable global economy. Impax believes that demographic change, resource scarcity, inadequate infrastructure and environmental constraints will disrupt private sector markets profoundly in the coming years, creating opportunities for well-positioned companies and increased risk for companies unable or unwilling to adapt.

The Fund aims to identify and invest in companies that possess sustainable competitive advantages and track records of consistent returns on investment. Environmental, Social and Governance (ESG) analysis is an integral part of Impax's investment research and process, providing risk mitigation and important insight into the character of a company.

"The Fund's foundations are rooted in the same investment process of investing in high quality companies and the same ESG framework that Impax has pioneered over the last twenty years. It is an evolution of our thematic environmental strategies and broadens the investment universe to encompass an unconstrained global equity approach and wider set of opportunities arising from a less carbon intensive economy," said David Winborne, Co-Portfolio Manager for the Pax Global Opportunities Fund.

"We have two proprietary tools to help us identify companies well positioned to benefit from the transition to a more sustainable economy. A series of financial tests helps us find companies that we believe offer consistent, predictable returns, while the Impax Sustainability Lens provides us with unique insights into evolving trends and involves deep analysis of the risks involved in the transition to a more sustainable economy. It is a framework that facilitates the discovery of the best growth companies where the opportunities outweigh the risks," said Kirsteen Morrison, Co-Portfolio Manager for the Pax Global Opportunities Fund.

The investment managers intend to take a five-year view of a company's prospects before investing, hold a concentrated portfolio of 35 to 45 companies, and run the fund with a low level of turnover. The portfolio has broad geographic and sector exposure and is overweight to mid-cap companies relative to the MSCI ACWI benchmark. In addition to the U.S. mutual fund, Impax Asset Management Ltd. has begun offering the strategy to European institutional and wholesale investors.

"The launch of the Pax Global Opportunities Fund leverages the increased scale and expertise of our combined firm," said Joe Keefe, President of Impax Asset Management LLC and Pax World Funds. "This fund launch highlights our commitment to providing a more diversified range of innovative sustainable investing strategies to the global market."