Sustainable, Responsible and Impact Mutual Fund and ETF Chart
Jump to: General Fund Information | Fund Institution Information | Account Minimums | Methodology | Proxy Voting Information | Specific Screening Information by Category | Performance Data
General Fund Information - [Return to Top]
Ticker: MBAPX
Assets under management (AUM): $90.19M (in US$ millions) - See other performance data below
General Fund Type: Balanced Funds
Specific Sizes or Types of Investments: --
Financial Objective: Balanced Asset Allocation Fund
Specific ESG Focus: Faith-based socially responsible investing
To invest, call: 800-348-7468
Institution Name:
Praxis Mutual Funds
Contact info:
Web: http://www.everence.com/showitem2.aspx?id=307 (Opens in a new window)
Account Minimums - [Return to Top]
Minimum Account: $1,000
Minimum IRA:
$1,000
Screening Venue: In-house and outside
Screening Party:
MSCI ESG Data and Analysis
Screening Database Used:
MSCI ESG Data and Analysis
Screening Process:
Praxis Mutual Funds' 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'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 recommendation 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 evaluation outside of acceptable parameters to the Guidelines. Fund managers exercise complete discretion in investment decision-making, based on market realities and the needs of the portfolio.
Proxy Voting Information - [Return to Top]
Proxy Voting Guidelines or Policies: Open external link in new window
Proxy Voting Records: Open external link in new window
Specific Screening Information by Category - [Return to Top]
Environment
- Climate / Clean Technology: Positive Investment
- Pollution / Toxics: Positive Investment
- Other Environmental: Positive Investment
Social
- Community Development: Positive Investment
- Diversity & Equal Employment Opportunity: Positive Investment
- Human Rights: Positive Investment
- Labor Relations: Positive Investment
Governance
- Board Issues: Positive Investment
- Executive Pay: Positive Investment
Products
- Alcohol: No Investment
- Defense/Weapons: No Investment
- Gambling: No Investment
- Tobacco: No Investment
Other
Performance Data - [Return to Top]
Data provided by:
- Information current as of December 31, 2023
Year-to-date rate of return: 14.15%
1-year rate of return: 14.15%
3-year rate of return: 2.32%
5-year rate of return: 7.48%
10-year rate of return: 5.48%
Previous year rate of return: -16.1%
Management fee: 0.05%
Expense ratio: 0.94%
Standard deviation: 12.67%
Benchmark used: Russell 3000
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.