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Pax High Yield Bond Fund Company Examples

At Pax World, we fully integrate environmental, social and governance (ESG) factors into investment analysis and portfolio construction. Here are a few Pax High Yield Bond Fund fixed-income securities that we believe are promoting positive community or environmental outcomes.

TerraForm Power, Inc.

TerraForm Power is a pure-play owner and operator of clean power generation assets.

  • 63% of the company’s generation capacity is utility-scale wind
  • 37% of the company’s generation capacity is utility-scale solar
  • Total renewable energy generation capacity is more than 3,600 megawatts

The company plans to grow by acquiring, owning and operating solar and wind assets and will play a direct role in meeting the objectives of the Paris Climate Agreement and state-level renewable portfolio standard mandates.

NextEra Energy Operating Partners, LP

NextEra Energy Operating Partners, a division of NextEra Energy Resources, acquires, manages and owns contracted clean energy projects.

  • The company is the world’s largest generator of renewable energy from the wind and sun.
  • The company operates more than 16,000 megawatts of wind and solar generation in North America.

 

Pax High Yield Bond Fund Top 10 Holdings
(As of 02/28/2019)
 Portfolio %
Scientific Games International, Inc., 10.000%, 12/1/22 0.80
Manitowoc Company, Inc., 12.750%, 8/15/21 0.80
Sprint Corp., 7.250%, 9/15/21 0.80
United Rentals North America, Inc. 5.750%, 11/15/24 0.80
Avantor, Inc., 144A, 6.000%, 10/1/24 0.80
CCO Holdings, LLC/Capital Corp., 144A, 5.375%, 5/1/25 0.80
Fly Leasing, Ltd., 6.375%, 10/15/21 0.80
Hca, Inc., 5.875%, 5/1/23 0.70
Air Canada, 7.750%, 04/15/21 0.70
Standard Industries, Inc., 6.000%, 10/15/25 0.70

Holdings are subject to change.
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