Benjamin Bailey interviewed on the Faith Driven Investor podcast

Praxis in the news |

Interview highlights faith integration in fixed income markets and the current state of the bond market

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Benjamin Bailey, CFA®, Praxis Mutual Funds® Vice President of Investments, joined host John Coleman for October’s Faith Driven Investor Marks on the Market podcast: Standing Tall During the Recent Downturn.

Bailey joined with other leaders in the faith-based investing field to discuss what faith investors need to know about the markets. This is the first time Praxis has been featured on the Faith Driven Investor podcast.

On the podcast, Bailey discussed the Fed’s recent interest rate increases, the current state of the bond market and faith integration in fixed income markets.

Benjamin Bailey, CFA, Vice President of Investments, Co-portfolio Manager of Praxis Impact Bond Fund | Praxis Mutual Funds

Benjamin Bailey

Bailey notes that faith-based investors have the unique opportunity to integrate their faith with their investments by investing in the fixed income markets. Bailey gave an example from earlier this year, when Praxis bought a bond in which the proceeds are used to supply clean water and sanitation for 5 million people in Southeast Asia and Africa. Matthew 25:35 says, “I was thirsty and you gave me something to drink.”

Bonds can offer the real, direct impact that faith-based investors are looking for. Check out the full Oct. 3, 2022 conversation from the Faith Driven Investor podcast here.

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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.

The Fund’s investment strategy could cause the fund to sell or avoid securities that may subsequently perform well, and the application of ESG and/or faith-based screens may cause the fund to lag the performance of its index.

Gross domestic product (GDP) is the total monetary or market value of all the finished goods and services produced within a country’s borders in a specific time period.

The price-to-earnings (P/E) ratio is a stock valuation metric that compares a company's share price to its earnings per share (EPS).

The Bloomberg U.S. Aggregate Index is an index of widely held fixed-income securities often used as a proxy for the bond market. It is comprised of the U.S. Treasury and U.S. agency bonds, mortgage-backed bonds, and higher-grade corporate bonds. Indexes are unmanaged, do not incur fees, and it is not possible to invest directly in an index.

The S&P 500 is a market-capitalization-weighted index of the 500 largest U.S. publicly traded companies.

The Russell 3000 is a market index that measures the performance of the top 3,000 U.S. publicly traded companies as ranked by market capitalization. The index is maintained by FTSE Russell.

You cannot invest directly into an index.