Praxis Investment Management adopts CRSP benchmarks for three mutual funds

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Praxis update |

Praxis updates prospectus for Praxis Growth Index Fund, Value Index Fund, and Small Cap Index Fund

GOSHEN, IN – Praxis Investment Management, Inc., a company of Everence Financial and a leading faith-based investment manager, announces a change to the benchmark index for three of the firm’s mutual funds, effective December 23:

  • Praxis Growth Index Fund. The CRSP US Large Cap Growth Index replaces the S&P 500 Growth Index as the fund’s benchmark.
  • Praxis Value Index Fund. The CRSP US Large Cap Value Index replaces the S&P 500 Value Index as the fund’s benchmark.
  • Praxis Small Cap Index Fund. The CRSP US Small Cap Index replaces the S&P SmallCap 600 Index as the fund’s benchmark.

“These benchmark updates are consistent with our objective to provide practical investment solutions for everyday investors,” said Benjamin Bailey, CFA, Vice President of Investments. “Each of the three CRSP indexes we’re adopting has a track record of more than 10 years. We see benefits in their affordability, quarterly reconstitution schedule and historically lower annual turnover than the prior benchmarks.”

CRSP Market Indexes are provided by the Center for Research in Security Prices, an affiliate of the University of Chicago. More than $2 trillion of fund assets are currently linked to CRSP Market Indexes.

About Praxis

Founded in 1994, Praxis Investment Management is a leading faith-based, socially responsible investment manager working to help investors integrate their finances with their values. Praxis is a company of Everence Financial, a comprehensive faith-based financial services organization helping individuals, organizations and congregations. To learn more about Praxis and Praxis Mutual Funds, visit praxismutualfunds.com and everence.com, or call 800-348-7468.

 


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Author Praxis staff

About the funds

Learn more about the Praxis faith-based, socially responsible funds and how we invest to make a difference.

Disclosure

CRSP US Large Cap Growth Index: Represents the Growth Style for companies covering top 85% of cumulative capitalization of CRSP US Total Market.

CRSP US Large Cap Value Index: Represents the Value Style for companies covering top 85% of cumulative capitalization of CRSP US Total Market.

CRSP US Small Cap Index: Targets inclusion of the US companies that fall between the top 85% and 98% of investable equity market capitalization.

S&P 500® Growth Index measures constituents from the S&P 500 that are classified as growth stocks based on three factors: sales growth, the ratio of earnings change to price, and momentum.

S&P 500® Value Index measures constituents from the S&P 500 that are classified as value stocks based on three factors: the ratios of book value, earnings and sales to price.

S&P SmallCap 600® seeks to measure the small-cap segment of the U.S. equity market. The index is designed to track companies that meet specific inclusion criteria to ensure that they are liquid and financially viable.

Praxis Investment Management, Inc. is a d/b/a of Everence Capital Management, Inc.

Consider the fund's investment objectives, risks, charges and expenses carefully before you invest. The fund's prospectus and summary prospectus contain this and other information. Call 800-977-2947 or visit praxismutualfunds.com for a prospectus, which you should read carefully before you invest.

Mutual fund investing involves risk. Principal loss is possible. The Fund’s investment strategy could cause the fund to sell or avoid securities that may subsequently perform well, and the application of ESG (environmental, social, governance) and/or faith-based screens may cause the fund to lag the performance of its index.

Praxis Mutual Funds are advised by Everence Capital Management and distributed through Foreside Financial Services, LLC, member FINRA. Investment products offered are not FDIC insured, may lose value, and have no bank guarantee.