Pax World High Yield Bond Fund Featured Company
Desarrolladora Homex (Mexican Home Developer)
Desarrolladora Homex is a company that is held in the Pax World High Yield Fund that meets Pax Worlds ESG (environment, social and governance) criteria.
Desarrolladora Homex is one of Mexico’s fastest growing home developers. The company focuses on affordable entry-level (90% of sales) and middle-income housing and communities. The company participates in the UN Global Compact. The UN Global Compact is a voluntary initiative that seeks to promote responsible corporate citizenship so that business can be part of the solution to the challenges of globalization. In addition, Desarrolladora Homex has won awards in recognition of its socially responsible practices
As of September 30, 2007, Desarrolladora Homex represented 1.1% of the Pax World High Yield Bond Fund portfolio. This story does not represent an endorsement of the company’s attractiveness as an investment.