Praxis files registration statement for PRXG and PRXV, two faith-based ETFs

Offering will be the faith-based asset manager’s first foray into ETFs

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GOSHEN, IN – Praxis Investment Management, Inc., a company of Everence Financial® and a leading faith-based investment manager, today filed an initial registration statement with the SEC for two exchange-traded funds (ETFs) – Praxis Impact Large Cap Growth ETF (PRXG) and Praxis Impact Large Cap Value ETF (PRXV). Both are expected to launch in early 2025, pending regulatory review, and will be listed on the NYSE.

The Praxis ETFs are expected to deploy similar quantitative equity strategies to those used in two of the firm’s mutual funds, the Praxis Growth Index Fund (MMDEX) and the Praxis Value Index Fund (MVIIX).

“We look forward to launching these two new ETFs as we work to meet the practical investment needs of faith-based investors seeking to align their portfolios with their values and help promote positive real-world impacts,” said Praxis President Chad Horning, CFA. “We are glad to contribute to growing the ETF marketplace for faith-based investors.”

“As with our mutual funds, we anticipate applying values and risk screening together with sustainability integration to ensure our ETFs embody our stewardship investing core values,” said Benjamin Bailey, CFA, Vice President of Investments. “We then use optimization techniques as we seek to approximate the returns of a benchmark index.”

About Praxis

Founded in 1994, Praxis Investment Management, Inc. is a leading faith-based, socially responsible investment manager working to help investors integrate their finances with their values. Praxis is a company of Everence Financial, a comprehensive financial services organization that helps individuals, organizations and congregations integrate finances with faith through a national team of professionals. To learn more about Praxis and Praxis Mutual Funds®, visit praxisinvests.com and everence.com, or call 800-348-7468.


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Disclosure

The funds have filed a registration statement with the Securities and Exchange Commission but it is not yet effective. An investment in the funds cannot be made, nor money accepted, until the registration statement is effective. An investor should consider the investment objectives, risks, and charges and expenses of the funds carefully before investing. A preliminary prospectus which contains this and other information about the funds may be obtained by writing the Funds c/o U.S. Bank Global Fund Services, P.O. Box 701, Milwaukee, Wisconsin 53201-0701, or by telephoning toll free (800) 977-2947. The information in the preliminary prospectus is not complete and may be changed. The final prospectus should be read carefully before investing, and when available may be obtained from the same source. This communication is not an offer to sell fund shares and is not soliciting an offer to buy fund shares in any state where the offer or sale is not permitted.

You should consider the fund’s investment objectives, risks, sales charges and expenses carefully before you invest. The fund’s prospectus and summary prospectus contain this and other information. Please read them carefully before you invest.

Investment products are not FDIC insured, may lose value, and have no bank guarantee. Praxis Mutual Funds are advised by Praxis Investment Management, Inc. and distributed through Foreside Financial Services, LLC.