Assets under management (AUM): $245.35M (in US$ millions) - See other performance data below
General Fund Type: Equity Specialty
Specific Sizes or Types of Investments: --
Financial Objective: Seek capital appreciation with current income as a secondary objective.
Specific ESG Focus: --
To invest, call: 800-348-7468
Everence Praxis Mutual Funds
Web: http://www.everence.com/showitem2.aspx?id=307 (Opens in a new window)
Minimum Account: $100,000
Screening Venue: In-house and outside
Praxis Social Research Staff
Screening Database Used:
MSCI ESG Data & Analysis
Screening Process: Praxis Mutual Fund's Stewardship Investing Guidelines use a "positive magnet screening" process that evaluates companies based on their ability to reflect a set of six positive core values. By the reverse of this process, there are certain industries and activities which are deemed inconsistent with the core values and which are summarily avoided. Such industries include alcohol, gambling, tobacco, abortion-specific products, and military contracting.
New companies are added to Praxis Mutual Fund's "social universe" of companies 1) following a successful research/conclusions at the request of fund managers, 2) when certain remedial actions are taken by a company bringing them in acceptable alignment with the Guidelines, or 3) at the recommondation of social research staff based on unusually high social responsibility characteristics. Companies are removed from the Social Universe when information is received that moves the company's social evalution outside of acceptalb eparameters to the Guidelines. Fund managers exercise complete discretion in investment decision-making, based on market realities and the needs of the portfolio.
Proxy Voting Guidelines or Policies: Open external link in new window
Proxy Voting Records: Open external link in new window
- Other Environmental: Positive Investment
- Community Development: Positive Investment - 1% of portfolio in community investments.
- Diversity & Equal Employment Opportunity: Positive Investment
- Human Rights: Positive Investment
- Labor Relations: Positive Investment
- Alcohol: No Investment
- Animal Welfare: Restricted/Exclusionary Investment - Careful consideration given to the abusive treatment of animals.
- Defense/Weapons: No Investment
- Gambling: No Investment
- Tobacco: No Investment
Year-to-date rate of return: 10.09%
1-year rate of return: 13.78%
3-year rate of return: 1.16%
5-year rate of return: 5.14%
10-year rate of return: --
Previous year rate of return: 5.48%
Management fee: 0.6%
Expense ratio: 0.77%
Standard deviation: 7.05%
Benchmark used: MSCI ACWI xUS
Disclaimer: Praxis Mutual Funds are advised by Everence Capital Management and distributed through FINRA member BHIL Distributors Inc. Investment products offered are not FDIC insured, may lose value and have no bank guarantee.