Praxis reaches milestone of positive impact

Praxis news |

Praxis Impact Bond Fund yields a difference that matters

Praxis Impact Bond Fund reached $500 million of assets under management during the last week of August.

This fixed income fund specializes in investments in positive impact green and social bonds, making this fund a great choice for investors who want to integrate their faith and finances.

“We are proud that the Fund reached this important milestone,” said Chad Horning, CFA®, President of Praxis Mutual Funds and Chief Investment Officer of Everence. “This fund has been a key fund for us and has been recognized in the industry for its innovative commitment to integrating impact into a bond portfolio.”

Founded at the inception of Praxis Mutual Funds® in 1994, the Impact Bond Fund is a flagship fund for the mutual fund family of Everence®. The excellent management by the fund managers – Benjamin J. Bailey, CFA®, Vice President of Investment and Senior Fixed Income Investment Manager, and Delmar King, Fixed Income Investment Manager – has demonstrated the important impact that socially and environmentally targeted fixed income can make in the world.

Bailey, co-manager of the Impact Bond Fund since 2005, has more than 15 years of experience in fixed-income investing. “The impact bond market has grown exponentially over the last decade as investors seek opportunities to align their values with their investments,” said Bailey.

Delmar King, a 24-year veteran of fixed income management and founding manager of the Praxis Impact Bond Fund said, “It’s refreshing to see the changes in the market toward high-quality impact bonds and how investors have demanded a more thoughtful approach to investing in ways that make a difference in the world.”

On Monday, Sept. 11, Praxis met another significant milestone when assets exceeded $1.25 billion for the first time.


Disclosure

Bond funds will tend to experience smaller fluctuations in value than stock funds. However, investors in any bond fund should anticipate fluctuations in price, especially for longer-term issues and in environments of rising interest rates.