Pax High Yield Bond Fund Company Examples
Across all Pax World Funds, we fully integrate environmental, social and governance (ESG) factors into investment analysis and portfolio construction. Below are a couple 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 percent of the company’s generation capacity is utility-scale wind
- 37 percent 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.
Hannon Armstrong Sustainable Infrastructure Capital, Inc.
Hannon Armstrong provides debt and equity financing to the energy efficiency and renewable energy markets.
- The company is the first U.S. public company solely dedicated to investments that reduce carbon emissions or increase resilience to climate change by focusing on ‘behind-the-meter’ energy reduction projects, grid connected renewable energy and sustainable infrastructure projects, like stormwater remediation.
|Altice France Sa, 7.375%, 5/1/26||0.90|
|Fly Leasing, Ltd., 6.375%, 10/15/21||0.90|
|Air Canada, 7.750%, 04/15/21||0.80|
|Cco Holdings LLC, 5.375%, 6/1/29||0.70|
|Prestige Brands, Inc., 6.375%, 3/1/24||0.70|
|Parkland Fuel Corp., 6.000%, 4/1/26||0.70|
|Tempur Sealy International, Inc., 5.500%, 6/15/26||0.70|
|New Red Finance, Inc., 5.000%, 10/15/25||0.70|
|Williams Scotsman International, Inc., 6.875%, 8/15/23||0.70|
|Kar Auction Services, Inc., 5.125%, 6/1/25||0.70|
Holdings are subject to change.