Praxis launches two active equity ETFs—PRXG and PRXV—for the ‘heart of your portfolio’

Designed to meet demand for practical faith-based investing that’s lower cost, transparent, tax-efficient—without compromising investment performance results

Company updates | April 08, 2025

Praxis Investment Management^TM, a company of Everence^® and a leading faith-based investment manager, today launched its first two exchange-traded funds (ETFs)—Praxis Impact Large Cap Growth ETF (PRXG) and Praxis Impact Large Cap Value ETF (PRXV). Both funds began trading on the NYSE today.

“Our new active ETFs are designed to meet the demand of faith-based investors,” said Chad Horning, President of Praxis Funds^TM. “Investors want competitive, values-driven investment options and they want to talk with their financial advisors about investing with their faith in mind, and these products facilitate that conversation.”

PRXG and PRXV deploy quantitative equity strategies similar to those used in the Praxis Growth Index Fund (MMDEX) and the Praxis Value Index Fund (MVIIX). Both mutual funds are rated 4 stars by Morningstar.

“All Praxis funds embody our stewardship investing core values and use our ImpactX framework to create real-world impact,” said Benjamin Bailey, Vice President of Investments. “Research shows that investors want advisors who understand and engage with their faith-based investing preferences. Our new ETFs provide practical solutions for advisors looking for lower cost, liquid, tax-efficient, values-driven investment options to serve these clients.”

The funds seek capital appreciation and performance similar to the CRSP US Large Cap Growth Index and CRSP US Large Cap Value Index respectively. Praxis applies equity screens consistent with its core values and utilizes optimization techniques to attempt to limit benchmark tracking error. The funds are meant to serve as core allocations—“the heart of your portfolio,”— as described in the marketing campaign launching today.

Bailey will head the team managing PRXG and PRXV. Bailey has over 20 years of investment management experience and has managed Praxis portfolios since 2005.

The expense ratios for both funds are 36%.

Learn more about the Praxis ETFs.

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Disclosure

CRSP US Large Cap Growth Index: Represents the Growth Style for companies covering top 85% of cumulative capitalization of CRSP US Total Market. It is not possible to invest in an index.

CRSP US Large Cap Value Index: Represents the Value Style for companies covering top 85% of cumulative capitalization of CRSP US Total Market. It is not possible to invest in an index.

An investor should consider the investment objectives, risks, and charges and expenses of the fund carefully before investing. A prospectus and a summary prospectus which contains this and other information about the fund. The prospectus and the summary prospectus should be read carefully before investing.

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.

Praxis Mutual Funds^® and Praxis ETFs^TM are distributed by Foreside Financial Services, LLC. 