Impax Small Cap Institutional

Ticker: PXSIX CUSIP: 704223817 Class: Mutual Fund

Holders for Q4 2025 Position Changes for Q4 2025

Note: Option positions (PUT/CALL) are excluded.

Increased Positions (1)

RICHARDSON FINANCIAL SERVICES INC.
Value ($000) $10 (-9.3%) Shares 615 (+6.0%)