The Praxis Small Cap Fund, celebrating its fifth anniversary, was named a Lipper Leader by Lipper Inc. The Fund is managed by Luther King Capital Management and advised by Everence Capital Management.
Rated amongst its U.S. small cap fund peers, the Praxis Small Cap Fund (A shares: MMSCX; I shares: MMSIX) was recognized as a Lipper Leader in the Total Return and Tax Efficiency categories as of April 30, 2012. The Praxis Small Cap Fund I shares is also a Lipper Leader in the Consistent Return category for the same time period.
The Lipper Leader designation is given only to the top 20 percent of all funds in each category.
“We are pleased that the diligent work and solid track record delivered by our partners at Luther King Capital Management has been recognized by Lipper,” said Chad Horning, CFA®, Everence chief investment officer.
Praxis Mutual Funds president David Gautsche, CLU®, CLF®, acknowledged the Lipper Leader rating as an important accomplishment for the Praxis Small Cap Fund.
“We are very satisfied with our results,” added Gautsche, “especially given the tumultuous investment market we’ve experienced in recent years.”
The Praxis Small Cap Fund seeks capital appreciation through a portfolio consisting primarily of smaller company stocks, while incorporating 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.