Praxis Funds cross AUM milestones: $100 million for ETFs and $3 billion for mutual funds

Advisors and investors look to Praxis for practical, values-driven investment solutions

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Praxis Investment ManagementTM today announced that Praxis Mutual Funds have reached $3 billion in assets under management (AUM), and Praxis ETFs have attained $100 million in AUM in just 5 months since their launch. These funds are designed to meet the practical needs of faith-based and values-driven investors, who want to align their investments with their values.

Thank you to the thousands of advisors and investors who have trusted Praxis to help them align their investments with their values. For more than 30 years, we’ve sought to help investors make good and wise use of all the resources God has entrusted to them.

Chad Horning Chad Horning President of Praxis Funds

This April, in response to demand from investors and financial advisors, Praxis launched its inaugural ETFs—Praxis Impact Large Cap Growth ETF (PRXG) and Praxis Impact Large Cap Value ETF (PRXV)—which are designed to provide practical solutions for investors looking for lower-cost, liquid, tax-efficient investment options that both align with their values and seek approximately benchmark-level returns with limited tracking error.

The Praxis Mutual Funds include: Praxis Impact Bond Fund (MIIIX), Praxis Growth Index Fund (MMDEX), Praxis Value Index Fund (MVIIX), Praxis Small Cap Index Fund (MMSIX) and Praxis International Index Fund (MPLIX).

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Disclosure

Investing involves risk. Principal loss is possible.

ETFs are subject to additional risks that do not apply to conventional mutual funds, including the risks that the market price of an ETF's shares may trade at a premium or discount to its net asset value, an active secondary trading market may not develop or be maintained, or trading may be halted by the exchange in which they trade, which may impact an ETF's ability to sell its shares. Shares of any ETF are bought and sold at market price (not NAV) and are not individually redeemed from the ETF. Brokerage commissions will reduce returns.

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® and Praxis ETFsTM are advised by Praxis Investment Management, Inc. and distributed through Foreside Financial Services, LLC.