Praxis Funds crosses $3 billion in AUM

Advisors and investors want practical faith-based investment solutions

Company updates |
Confetti and balloons

Praxis Investment ManagementTM today announced that Praxis FundsTM has crossed $3 billion in assets under management (AUM) across all its funds. This milestone follows the April launch of Praxis ETFs, which are designed to provide practical solutions for advisors looking for lower cost, liquid, tax-efficient, values-driven investment options to serve these clients.

“Crossing the $3 billion threshold affirms what our research is telling us: investors want to align their faith with their investments,” said Chad Horning, President of Praxis Funds. “None of our achievements has occurred in a vacuum. Thank you to the thousands of faith-based and values-driven advisors and investors who have trusted us to be their partners in stewarding the resources entrusted to them.”

Founded in 1994, Praxis helps advisors, individuals and institutions integrate their investments with their values through a stewardship investing approach.

In April, Praxis launched two ETFs:

  • Praxis Impact Large Cap Growth ETF (PRXG)
  • Praxis Impact Large Cap Value ETF (PRXV)

Praxis also manages five mutual funds:

  • Praxis Impact Bond Fund (MIIIX)
  • Praxis Growth Index Fund (MMDEX)
  • Praxis Value Index Fund (MVIIX)
  • Praxis Small Cap Index Fund (MMSIX)
  • Praxis International Index Fund(MPLIX)

“As a pioneer in faith-based investing for over 30 years, Praxis has consistently delivered competitive returns while creating real-world impact through our ImpactX strategies. This milestone reflects our commitment to meeting the practical needs of values-driven investors seeking both financial returns and positive impact,” said Mark Regier, Vice President of Stewardship Investing at Praxis Investment Management.

Get updates sent to your inbox

Sign up to receive the latest stories and reports in your inbox about Praxis and the impact we're making through investing.

 

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.