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 below or download our impact report.
Solar Panels in Colorado

Solar Star 1 and 2

Location: Kern and Los Angeles Counties, California

Issuer: Solar Star Funding LLC

Total amount issued: 1.325 billion USD

Bond maturity date: June 30, 2035

Praxis purchase: 875 thousand USD

Bond rating: Baa2

In 2013, Solar Star issued a $1 billion bond for the construction of Solar Star 1 and Solar Star 2 photovoltaic power stations and in 2015 they issued another $325 million. The 586 MW projects began in early 2013 and were completed in 2015. The Praxis Impact Bond Fund was involved in both bond deals. 3,200 acres of previously, privately owned land was used to install 1,720,000 panels that deliver enough electricity to power 255,000 homes and creates an avoidance of more than 570,000 tons of CO2 emissions per year.

Positive investing - offshore wind farm

Nordsee One

Location: Juist, Germany

Issuer: Mitsubishi UFJ Financial Group

Total amount issued: 500 million USD

Bond maturity date: Sept. 13, 2023

Praxis purchase: 1.25 million USD

Bond rating: A1

In 2016, Mitsubishi issued a green bond directed toward funding solar and wind electricity generation projects throughout various countries. Partially financed by this bond, the Nordsee One offshore wind farm, located 40km north of the island of Juist, began operating in December 2017. With a total generation capacity of 332 MW, the plant provides green electricity for approximately 400,000 German households.

Ouarzazate

Ouarzazate Solar Power Plant

Location: Morocco

Issuer: European Investment Bank (EIB)

Total amount issued: 1 billion USD

Bond maturity date: Oct. 10, 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. You can also complete an online application or download a paper application.

Or call us at 800-977-2947.

Complete the online application Download and mail the Praxis application

Are you a financial professional?

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.

Or download an account application.

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.