Praxis launches PRXI

The Praxis Impact International ETF applies the firm’s values-aligned, optimized index-tracking approach to developed markets outside North America.

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Praxis Investment Management™, Inc., a company of Everence® and a leading faith-based investment manager, today launched the Praxis Impact International ETF (PRXI), its first ETF focused on international markets. The fund began trading on the NYSE Arca exchange today.

PRXI is Praxis’s third ETF, following the April 2025 launch of the Praxis Impact Large Cap Growth ETF (PRXG) and Praxis Impact Large Cap Value ETF (PRXV). The new fund invests in developed-market equities outside North America and applies the same stewardship investing core values and ImpactX framework used across all Praxis funds.

“Faith-based investors have told us they want their values reflected across their whole portfolio, not only in their U.S. holdings,” said Chad Horning, CFA, president of Praxis Funds™. “With PRXI, advisors and their clients have a practical, values-aligned way to own international equities, and we’re glad to help expand faith-based options in the ETF marketplace.”

PRXI deploys quantitative equity strategies similar to those used in the firm’s international mutual fund, the Praxis International Index Fund (MPLIX). PRXI excludes emerging-markets exposure, whereas MPLIX includes it.

PRXI seeks capital appreciation and performance that reflects its benchmark, the Morningstar® Developed Markets ex-North America Target Market Exposure NR USD IndexSM, using optimization techniques intended to limit tracking error. PRXI is sub-advised by Vident Asset Management and has an expense ratio of 0.54%.

“As with our other funds, we’re building on over 30 years of experience in what makes faith-based investments really work for everyday investors,” said Benjamin Bailey, CFA, vice president of investments. “Our stewardship investing philosophy emphasizes doing the most good we can while meeting investors’ practical needs, such as portfolio fit and seeking to approximate the returns of a third-party index.”

Alongside the launch, Praxis released a roundtable discussion exploring what changes when faith-based investors look abroad. “For faith-based investors, what’s different about international markets?” is a Q&A white paper among Bailey, Tim Macready of Brightlight Group, Hillary Sunderland, CFA, of Beacon Wealth, and Mark Regier of Praxis. The discussion covers the international faith-based investing landscape, practical portfolio implementation, values screening across borders, and impact opportunities.

About Praxis Investment Management

Since 1994, Praxis has offered investment products designed to meet the practical needs of everyday investors seeking to steward their assets consistent with their values, while promoting positive social and environmental impact. Praxis brings a faith-based approach to ETFs, mutual funds, multi-fund portfolio solutions and money market accounts. Based in Goshen, Indiana, Praxis is a company of Everence Financial.

View details about PRXI and the new research

Find more about PRXI on the fund page and download the newest research at the links below.

Disclosure

Morningstar® Developed Markets ex-North America Target Market Exposure NR USD IndexSM: Measures the performance of large-, and mid-cap stocks in developed markets outside of North America, representing the top 85% of the investable universe by float-adjusted market capitalization. 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 may be obtained by visiting praxisinvests.com/prospectus. The prospectus and the summary prospectus should be read carefully before investing.

Investing involves risk. Principal loss is possible.

Short term performance in particular is not a good indication of the fund's future performance and an investment should not be made based solely on returns.

Foreign Investment Risk. Because the Fund invests primarily in foreign securities, it is subject to foreign investment risks, which are the additional risks presented by foreign investments, such as changes in currency exchange rates, a lack of adequate company information, political instability, and market and economic developments abroad. In addition, markets and economies throughout the world are becoming increasingly interconnected and conditions or events in one market, country or region may adversely impact investments or issuers in another market, country or region.

Investment Style Risk. The Fund is also subject to investment style risk, which is the chance that returns from international stocks will trail returns from other asset classes or the overall stock market. International stocks tend to go through cycles of doing better — or worse — than the stock market in general.

Index Investing Risk. Because the Fund is designed to track the performance of an index, securities may be purchased, retained or sold at times when a more actively managed fund would not do so. If the value of securities that are heavily weighted in the index change, you can expect a greater risk of loss than if the Fund had a lower weighting to those securities.

Industry Concentration Risk. In following its methodology, the underlying index from time to time may be concentrated to a significant degree in securities of issuers located in a single industry or group of industries. To the extent that the index concentrates in the securities of issuers in a particular industry or group of industries, the Fund also may concentrate its investments to approximately the same extent.

Non-Diversification Risk. The Fund is non-diversified, meaning that it is permitted to invest a larger percentage of its assets in one or more issuers or in fewer issuers than diversified funds. Thus, the Fund may be more susceptible to adverse developments affecting any single issuer held in its portfolio, and may be more susceptible to greater losses because of these developments.

New Fund Risk. A new fund’s performance may not represent how the fund is expected to or may perform in the long term. In addition, new funds have limited operating histories for investors to evaluate and new funds may not attract sufficient assets to achieve investment and trading efficiencies.

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™ are distributed by Foreside Financial Services, LLC.