Assets under management (AUM): $48.29M (in US$ millions) - See other performance data below
General Fund Type: Equity Mid-Small Cap
Specific Sizes or Types of Investments: Primarily diversified US small-cap stocks with some US mid-cap stock exposure
Financial Objective: Seeks 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: $2,500
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: -0.1%
1-year rate of return: 12.35%
3-year rate of return: 0.08%
5-year rate of return: 5.23%
10-year rate of return: --
Previous year rate of return: 8.18%
Management fee: 0.3%
Expense ratio: 1.13%
Standard deviation: 11.15%
Benchmark used: Russell 2000
Disclaimer: You should consider the fund's investment objectives, risks and charges and expenses carefully before you invest. The fund's prospectus contains this and other information. Call (800) 977-2947 or visit www.praxismutualfunds.com for a prospectus, which you should read carefully before you invest. 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.