Positive investing

We seek to include investments that both generate a competitive financial return and deliver a clear and direct benefit to people and our planet. These investments include renewable energy projects, green bonds, low-income housing, education, social bonds and medical research.

Young girls getting an oral vaccine

How we do it

Supporting the good in the world

Through the Praxis Impact Bond Fund, we invest in bonds that finance projects around the world. These bonds receive competitive financial returns, and have a clear, direct impact on the world. Investments include renewable energy projects, green bonds, low-income housing, education, social bonds and medical research. Take a look at some of the examples of current projects funded by our impact bonds.
Solar Panels in Colorado

Comanche Solar

Location: Pueblo County, Colorado

Issuer: Bank of America

Total amount issued: 1 billion USD

Bond maturity date: 11/19/2020

Praxis purchase: 1 million USD

Bond rating: Baa1

Bank of America issued a number of corporate green bonds to finance energy efficiency and renewable energy projects throughout the United States and Canada. Bank of America partnered with First Reserve, a leading global private equity investment firm, to finance the Comanche Solar project. The project is a 125 MW solar power generating facility located in Pueblo County, Colorado. Annual estimated environmental benefits include avoiding 105,000 metric tons of CO2, 2.136 billion gallons of water usage, and 200 metric tons of waste.

Wind farm in the sunset

Salkhit Wind Park

Location: Ulaanbaatar, Mongolia

Issuer: European Bank for Reconstruction and Development (EBRD)

Total amount issued: 250 million USD

Bond maturity date: 4/10/2018

Praxis purchase: 500,000 USD

Bond rating: Aaa

The European Bank for Reconstruction and Development (EBRD) issued green bonds to support environmental sustainability throughout Europe, the Middle East, Africa, and Asia. Financed by the EBRD, the Salkhit Wind Park promotes sustainable power solutions in Ulaanbaatar, Mongolia. The wind farm is expected to provide about 5 percent of the country’s electricity needs and reduce CO2 emissions by 164,000 metric tons each year.

Ouarzazate

Ouarzazate Solar Power Plant

Location: Morocco

Issuer: European Investment Bank (EIB)

Total amount issued: 1 billion USD

Bond maturity date: 10/15/2024

Praxis purchase: 1 million USD

Bond rating: Aaa

The European Investment Bank (EIB) has long been at the forefront of the green bond movement. One project financed by the EIB’s 1 billion USD green bond is the Ouarzazate Solar Power Plant in Morocco. The first plant has a 160 MW capacity. The second and third phases of the project are expected to add another 340 MW of capacity. The project is expected to provide solar power for 250,000 individuals and avoid 240,000 metric tons of CO2 emissions each year.

Invest in Praxis

Talk to your financial advisor to invest in Praxis Mutual Funds. 

Or call us at (800) 977-2947.

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Help your clients invest in impact by adding Praxis Mutual Funds to your portfolios.

For more information about the Funds and advisor resources, contact praxisadvisorinfo@everence.com.

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For financial professionals

Let us support you as you help your clients make a difference through Praxis Mutual Funds. Find client materials, webinars and other educational materials.

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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.