Several Praxis Mutual Funds have been named by Lipper Inc. as Lipper Leaders, a designation given only to the top 20 percent of all funds in each category.
Rated amongst its U.S. large-cap growth fund peers, the Praxis Growth Index Fund (I shares: MMDEX) was recognized as a Lipper Leader in the Total Return, Consistent Return, Preservation and Expense categories as of Jan. 31, 2013. The Praxis Growth Index Fund A shares (MGNDX) is also a Lipper Leader in the Preservation category for the same time period.
The Praxis Intermediate Income Fund (A shares: MIIAX, I shares: MIIIX), rated amongst its U.S. intermediate investment-grade debt peers, was also named a Lipper Leader in the Preservation category as of Jan. 31, 2013.
The Praxis Small Cap Fund (I Shares: MMSIX) was also recognized as a Lipper Leader, amongst its peers of U.S. small cap fund peers, in the category of Consistent Return, as of Jan. 31, 2013. In addition, the Praxis Value Index Fund (I Shares: MVIIX), rated amongst its U.S. large cap fund peers, was named a Lipper Leader in the Expense category for the same time period.
The Praxis Growth Index, Intermediate Income and Value Index Funds are managed by Everence Financial, and the Praxis Small Cap Fund is managed by Luther King Capital Management. All of the Praxis Mutual Funds are advised by Everence Capital Management.
“The recognition of the Praxis Growth Index, Intermediate Income, Small Cap and Value Index Funds are a testament to the Funds’ investment strategy and managers,” said David C. Gautsche, CLU®, CLF®, President of Praxis Mutual Funds. “We strive to provide shareholders with opportunities to meet their investment needs while also incorporating their faith and values.”
“These ratings from Lipper are an important accomplishment for the Praxis Mutual Funds family,” added Chad M. Horning, CFA®, Everence Chief Investment Officer. “Considering the stormy investment market experienced in recent years, we are pleased with our results in the Praxis Growth Index, Intermediate Income, Small Cap and Value Index Funds.”
The Praxis Growth Index Fund seeks capital appreciation through a portfolio of stocks intended to reflect the investment performance of the U.S. large cap growth equities market. The Praxis Intermediate Income Fund seeks current income and, to a lesser extent, capital appreciation. The Praxis Small Cap Fund seeks capital appreciation through a portfolio consisting primarily of smaller company stocks. And, the Praxis Value Index Fund seeks capital appreciation through a portfolio of stocks intended to reflect the investment performance of the large cap value equities market. All of the Praxis Mutual Funds incorporate stewardship investing criteria.
About Praxis Mutual Funds and Everence
Praxis Mutual Funds, advised by Everence Capital Management, is a leading faith-based, socially responsible family of mutual funds designed to help people and groups integrate their finances with faith values. To learn more, visit www.praxismutualfunds.com.
Everence helps individuals, organizations and congregations integrate finances with faith through a national team of advisors and representatives. Everence offers banking, insurance and financial services with community benefits and stewardship education. To learn more, visit www.everence.com or call (800) 348-7468.