Praxis Launches Two Active Equity ETFs-PRXG and PRXV-for the 'Heart of Your Portfolio'
MWN-AI** Summary
Praxis Investment Management, a prominent faith-based investment firm, has launched its inaugural exchange-traded funds (ETFs), the Praxis Impact Large Cap Growth ETF (PRXG) and the Praxis Impact Large Cap Value ETF (PRXV). Both funds began trading on the NYSE today, aimed at meeting the growing demand among faith-based investors for cost-effective, transparent, and tax-efficient investment options. Chad Horning, President of Praxis Funds, emphasized that these ETFs allow investors to align their financial choices with their values while engaging in essential conversations with their financial advisors.
PRXG and PRXV implement quantitative equity strategies akin to those used in Praxis's existing index funds, the Praxis Growth Index Fund and the Praxis Value Index Fund. Both funds strive for capital appreciation, targeting performance benchmarks represented by the CRSP US Large Cap Growth and Value Indices, respectively. Praxis's commitment to stewardship investing is highlighted through its ImpactX framework, which aims to generate tangible social and environmental impacts.
The management of PRXG and PRXV will be led by Benjamin Bailey, who brings over two decades of experience in investment management and has been with Praxis since 2005. The funds have an expense ratio of 0.36%, positioning them as low-cost options for investors.
The launch of these ETFs illustrates Praxis's ongoing dedication to providing practical and values-driven investment solutions. The company has been a leader in faith-based investing since 1994, offering a range of products designed to promote social and environmental good. With the new ETFs, Praxis aims to serve as a foundational component of investors' portfolios, making them a significant addition to the faith-based investment landscape. For more information about these new offerings, visit praxisinvests.com/etfs.
MWN-AI** Analysis
The recent launch of Praxis Investment Management’s two active equity ETFs—Praxis Impact Large Cap Growth ETF (PRXG) and Praxis Impact Large Cap Value ETF (PRXV)—offers compelling options for investors seeking values-driven investment opportunities that align with their faith-based principles. These ETFs are uniquely positioned not only to meet market demand for lower-cost and tax-efficient investing but also to resonate with the growing cohort of socially conscious investors.
Designed to function as core portfolio allocations, both ETFs aim to provide competitive performance while adhering to Praxis's commitment to stewardship investing. They leverage quantitative equity strategies reminiscent of the Praxis Growth Index Fund (MMDEX) and the Praxis Value Index Fund (MVIIX), aligning closely with the CRSP US Large Cap Growth and Value Indices. With an expense ratio of just 0.36%, these ETFs are competitively priced, further enhancing their attractiveness to cost-conscious investors.
Moreover, the management team, led by Benjamin Bailey, with over two decades of experience in investment management, brings a depth of expertise to ensure these funds meet performance expectations while adhering to the company's impact-driven philosophy. The addition of PRXG and PRXV will likely facilitate deeper discussions between financial advisors and clients about integrating faith with investment choices, a growing trend noted in recent research.
For investors looking to integrate accountability with performance, the Praxis ETFs stand out as “the heart of your portfolio.” However, it's essential to consider the inherent risks associated with investing in ETFs, including potential principal loss, market price fluctuations, and trading risks. Overall, for those aligning investment decisions with their values, PRXG and PRXV could prove to be prudent additions to a diversified portfolio.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
Designed to meet demand for practical faith-based investing that’s lower cost, transparent, tax-efficient—without compromising investment performance results
Praxis Investment Management ™ , Inc., 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 ™ . “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).
“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 0.36%.
Learn more about the Praxis ETFs at praxisinvests.com/etfs .
About Praxis Investment Management
Since 1994, Praxis has offered investment products designed to meet practical needs for everyday investors seeking to steward their assets consistent with their desire to promote positive social and environmental impacts. 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. Learn more at praxisinvests.com .
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 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.
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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250407095788/en/
Media Contact
Talia Dunyak
Lowe Group
talia.dunyak@lowecom.com
+1 414 376 7934
FAQ**
How does Praxis Investment Management ensure that the investment strategies of the Pernix Group Inc PRXG and PRXV align with faith-based principles while maintaining competitive performance?
What unique features do the Pernix Group Inc PRXG and PRXV ETFs offer to investors seeking both capital appreciation and adherence to their values?
Can you elaborate on the quantitative equity strategies utilized by Pernix Group Inc PRXG and how they compare to traditional investment methods?
What steps does Praxis take to communicate and engage with financial advisors about the distinct value propositions of the Pernix Group Inc PRXG and PRXV ETFs?
**MWN-AI FAQ is based on asking OpenAI questions about Pernix Group Inc (OTC: PRXG).
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