Praxis in the news

Green bond-anza: Making sense of the categories

Green Money logo
Wondering just what exactly positive impact bonds are? Vice President of Investments Benjamin Bailey explains the origins of the positive impact bond movement, what’s responsible for the movement’s rapid growth and what the future might hold for green, sustainable, and social bonds in the GreenMoney Journal.

Read the full article in the GreenMoney Journal

Stella Tai interviewed on MoneyWise

Money Wise logo
Praxis’ Manager of Stewardship Investing Impact and Analysis Stella Tai spoke with Rob West on MoneyWise Media’s syndicated radio show and podcast to discuss the real impact that Praxis makes through its investments. Stella and Rob discuss the 2021 Real Impact Report, Praxis’ approach to stewardship investing, and how Stella got started in this field.

Listen to their conversation on MoneyWise

Benjamin Bailey on Chuck Jaffe podcast

Money Life logo
Benjamin Bailey, CFA®, Praxis Vice President of Investments and Senior Fixed Income Investment Manager, appeared on the Money Life with Chuck Jaffe podcast as the featured “Big Interview” guest. In the interview, Bailey and Jaffe discuss the current bond market and investing in positive impact bonds.

The podcast aired Sept. 16 with Benjamin’s interview beginning at 16:25.

Go to the podcast

Chad Horning on George Grombacher podcast

Lifeblood logo
 Chad Horning, CFA®, Praxis Mutual Funds President, appeared on George Grombacher’s Lifeblood podcast to discuss the history and evolution of impact investing, the fundamental question of “what’s the purpose of investing,” shareholder advocacy and how to get started with sustainable investing.

Listen to the full interview on the Lifeblood Podcast

"ESG investors struggle to find the right balance in doing good - and solar panels show why" on MarketWatch

Market Watch logo
Chris Meyer, Praxis Manager of Stewardship Investing Research and Advocacy, highlighted Praxis shareholder advocacy work to help facilitate a “just” transition to renewable energy on MarketWatch.com. The article discusses reports of Uyghur forced labor in the solar panel supply chain and socially responsible investors who want to invest in renewable energies like solar but also value human rights.

Read the full article on MarketWatch

"Emerging market ESG risks may be misunderstood, report shows"

Bloomberg logo
After a recent IPCC report pointed at the increased risks climate change has for emerging markets, Chris Meyer, Praxis Manager of Stewardship Investing Research and Advocacy, was interviewed by Bloomberg about the benefits that investing in green and sustainable bonds and engaging in shareholder advocacy. Read more from Praxis.

Read the full article on Bloomberg

"ESG investors question their own methods after grim climate report"

Bloomberg logo
As a result of the 2021 IPCC report, some environmental, social and governance (ESG) investors were left questioning the impact and effectiveness of their methods. Chris Meyer, Praxis Manager of Stewardship Investing Research and Advocacy, discussed with Bloomberg how the new report changes the calculus on the speed and urgency of ESG investing. Read more from Praxis. 

Find the full article on Bloomberg

Faith investor profiles on Calvert Impact Capital

Calvert Impact Capital logo
Praxis Mutual Funds and Everence Financial were recently featured in Calvert Impact Capital’s series on faith investors. The profile series seeks to showcase the impact investing journeys, glean insights from leaders across faith communities, and inspire other faith investors to engage in impact investing.

Check out Praxis’ profile on Calvert Impact Capital’s website

"The transformational power of fixed income" on MoneyWise podcast

Money Wise logo
How can you express your values through bond selections? Praxis’ Vice President of Investments Benjamin Bailey spoke with Rob West on MoneyWise Media’s syndicated radio show and podcast to discuss how bonds and fixed income can be used to transform the world. Benjamin and Rob discuss the important role that bonds can play in securing our financial futures, how bonds can offer downside protection, and the way that stewardship investing can be transformative. Read more from Praxis.

Listen to the interview on MoneyWise - July 16, 2021 episode

"Benefits of sustainable bond investments" on TD Ameritrade

TD Ameritrade logo
Did you know green, social, and sustainability bonds have raised over $485 billion so far this year? Benjamin Bailey, Praxis Vice President of Investments, spoke with TD Ameritrade Network about the benefits of investing in sustainable bonds.

Visit TD Ameritrade Network

"Five things every advisor should know about faith-based investing"

Faith Driven Investor logo
Jerry Gray, Praxis’ National Sales Consultant, shares some of the wisdom he gained from 23 years of helping others integrate faith and finances in his article. Read at Financial Advisor IQ ThinkTank or click below to link to Faith Driven Investor. Read more from Praxis.

Read the full article on Faith Driven Investor

"Investing for Kingdom impact with Chad Horning" on MoneyWise podcast

Money Wise logo
Many investors think that finding the right companies for their portfolios is the only way to promote Kingdom values, but could we do more? Chad Horning, Praxis Mutual Funds President and Senior Vice President and the Chief Investment Officer of Everence Financial, spoke with Rob West on MoneyWise Media’s syndicated radio show and podcast to discuss some other ways to help the world and its people feel God’s love through our investments.

Listen to full interview on Moneywise podcast

"Engaging environmental issues through shareholder advocacy"

Faith Driven Investor logo
Praxis Manager of Stewardship Investing Research and Advocacy Chris Meyer’s Earth Day article on how shareholder advocacy can make a difference was featured in several publications. The article discusses how one can engage environmental issues through shareholder advocacy. Read at ValueWalk, Corporate Governance or click below to read at Faith Driven Investor. Read more from Praxis.

Find the full article at Faith Driven Investor

"Understanding gender lens investing" on ValueWalk

Value Walk logo
Recent social movements such as Me Too and growing awareness around the gender pay gap as kindling that encouraged the use of a gender lens investing (GLI) framework. Stella Tai, Praxis Stewardship Investing Impact and Analysis Manager, writes in ValueWalk about the increase of women’s access to capital, promotion of workplace equity, and the improvement of products and services for women and girls as central themes of GLI. Read more from Praxis. 

Learn more about gender lens investing at ValueWalk

"Barron's top-performing sustainable funds" on Barron's

Barron
Praxis’ Growth Index Fund (MMDEX) and Value Index Fund (MVIAX) were named to a list of top-performing sustainable funds by Barron’s. Barron’s selected the top U.S. large-company, actively and passively managed stock funds and ETFs that received above-average sustainable rankings from Morningstar. Read more from Praxis.

Find out more about the Barron’s ranking here

"If you support green energy you should buy utilities and oil stocks - here's why" on MarketWatch

Market Watch logo
MarketWatch explores the potential for divestiture to present a missed opportunity for investors to capitalize on energy companies that are transitioning to green energy and speeding the transition to a low carbon economy. Mark Regier, Vice President of Stewardship Investing at Praxis and Chris Meyer, Praxis Manager of Stewardship Investing Research and Advocacy, spoke with Debbie Carlson about the importance of shareholder advocacy. Read more from Praxis. 

Read the full article on MarketWatch

"How faith-based investor Praxis Mutual Funds used an impact report to share their story (part 2)" on LoweDown podcast

Lowe Down podcast logo
What does “real impact” truly mean in practice and how can it positively affect communities on the ground? Chris Meyer, Praxis Manager of Stewardship Investing Research and Advocacy, joined the Lowe Group for a conversation on how Praxis’ commitment to using values-driven investing can be a powerful force for making a difference in our world. Read more from Praxis.

Listen to full conversation on the LoweDown podcast

"How faith-based investor Praxis Mutual Funds used an impact report to share their story (part 1)" on LoweDown podcast

Lowe Down podcast logo
What shapes our understanding of “real impact”? Praxis Mutual Funds and Everence Financial Stewardship Investing Impact and Analysis Manager Stella Tai and Vice President of Stewardship Investing Mark Regier recently joined The Lowe Down Podcast for a behind the scenes conversation on the creation of the inaugural 2020 Impact Report. Read more from Praxis.

Check out the discussion on the LoweDown podcast

"Loving our neighbor in a time of crisis" on GreenMoney Journal

Green Money logo
Stella Tai, Manager of Stewardship Investing Impact and Analysis for Praxis Mutual Funds and Everence Financial, shared her thoughts in the GreenMoney Journal on bringing a lens of faith to the reality of low-to-moderate income (LMI) communities in the age of COVID-19 and Black Lives Matter. Read more from Praxis.

Read the full article in GreenMoney

"Shareholder advocacy: A positive use of power" on SRI Conference and Community Blog

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How can shareholder advocacy help companies move beyond symbolism and vague commitments to tread the practical and messy path toward progress? Praxis Manager of Stewardship Investing Research and Advocacy Chris Meyer shared his thoughts on the importance of shareholder advocacy on the SRI Conference and Community blog.

Read the full post on the SRI conference and community blog

"How to invest in green stocks" on U.S. News and World Report

U.S. News and World Report logo
Mark Regier, Vice President of Stewardship Investing for Praxis Mutual Funds, was quoted in a recent article about green bonds. Mark shared insights on investing in the “messy middle” of green bonds and using shareholder advocacy to advocate for better stewardship. Read more from Praxis.

Check out the full article in the U.S. News and World Report

"Wisdom on socially responsible investing" on Faith Driven Investor

Faith Driven Investor logo
How do the “vertical” and “horizontal” natures of our faith shape the way that we invest? With more than 2,350 references in the Bible to money and resource-related issues, Mark Regier, Praxis Vice President of Stewardship Investing, writes about how a personal relationship with God and our relationships with the individuals and communities can play a role in our investments.

Read the full excerpt on Faith Driven Investor

Faithful Investing

Church Publishing logo
Mark Regier, Vice President of Stewardship Investing, contributed to the new book Faithful Investing: The Power of Decisive Action and Incremental Change. The book features voices from multiple Christian denominations and addresses how congregations and religious institutions can invest in their future and grow their endowed and invested funds, while also focusing on their values. Read more from Praxis. 

Find the book on the publisher’s website

Disclosure

Foreside Financial Services, LLC and the Praxis Mutual Funds are not affiliated with Calvert Impact Capital.

Opinions expressed are subject to change at any time, are not guaranteed and should not be considered investment advice.

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 and/or faith-based screens may cause the fund to lag the performance of its index.

ESG: Environmental, social, governance

The MSCI ACWI (All Country World) ex U.S. Index is a free float-adjusted market capitalization weighted index that is designed to measure the equity market performance of developed and emerging markets, excluding the United States. The index consists of 44 country indices comprising 23 developed and 21 emerging market country indices. Indexes are unmanaged, do not incur fees and cannot be invested in directly.

The Morningstar Sustainability Rating™ is intended to measure how well the issuing companies of the securities within a fund’s portfolio holdings are managing their financially material environmental, social and governance, or ESG, risks relative to the fund’s Morningstar Global Category peers. The Morningstar Sustainability Rating calculation is a five -step process. First, each fund with at least 67% of assets covered by a company-level ESG Risk Score from Sustainalytics receives a Morningstar Portfolio Sustainability Score. The Morningstar Portfolio Sustainability Score is an asset-weighted average of company-level ESG Risk Scores. The Portfolio Sustainability Score ranges between 0 to 100, with a higher score indicating that a fund has, on average, more of its assets invested in companies with high ESG Risk. Second, the Historical Sustainability Score is an exponential weighted moving average of the Portfolio Sustainability Scores over the past 12 months. The process rescales the current Portfolio Sustainability Score to reflect the consistency of the scores. The Historical Sustainability Score ranges between 0 to 100, with a higher score indicating that a fund has, on average, more of its assets invested in companies with high ESG Risk, on a consistent historical basis. Third, the Morningstar Sustainability Rating is then assigned to all scored funds within Morningstar Global Categories in which at least thirty (30) funds receive a Historical Sustainability Score and is determined by each fund’s Morningstar Sustainability Rating Score rank within the following distribution: High (highest 10%), Above Average (next 22.5%), Average (next 35%), Below Average (next 22.5%), and Low (lowest 10%). Fourth, then Morningstar applies a 1% rating buffer from the previous month to increase rating stability. This means a fund must move 1% beyond the rating breakpoint to change ratings. Fifth, they adjust downward positive Sustainability Ratings to funds with high ESG Risk scores. The logic is as follows: If Portfolio Sustainability score is above 40, then the fund receives a Low Sustainability Rating. If Portfolio Sustainability score is above 35 and preliminary rating is Average or better, then the fund is downgraded to Below Average. If the Portfolio Sustainability score is above 30 and preliminary rating is Above Average, then the fund is downgraded to Average. If the Portfolio Sustainability score is below 30, then no adjustment is made. Since a Sustainability Rating is assigned to all funds that meet the above criteria, the rating it is not limited to funds with explicit sustainable or responsible investment mandates. Morningstar updates its Sustainability Ratings monthly. The Portfolio Sustainability Score is calculated when Morningstar receives a new portfolio. Then, the Historical Sustainability Score and the Sustainability Rating is calculated one month and six business days after the reported as-of date of the most recent portfolio. As part of the evaluation process, Morningstar uses Sustainalytics’ ESG scores from the same month as the portfolio as-of date. Please go to http://corporate1.morningstar.com/SustainableInvesting/ for more detailed information about the Morningstar Sustainability Rating methodology and calculation frequency. Sustainalytics is an independent ESG and corporate governance research, ratings, and analysis firm. Morningstar, Inc. holds a noncontrolling ownership interest in Sustainalytics.

Praxis Growth Index Fund, Globe Rating is 4, there are 1461 funds, it is in the US Equity Large Cap Growth category, Jan. 31, 2021, see below for rating criteria.

Praxis Value Index Fund, Globe Rating is 4, there are 1476 funds, it is in the US Equity Large Cap Value category, Jan. 31, 2021, see below for rating criteria.

The Morningstar Sustainability Rating is depicted by globe icons where High equals 5 globes and Low equals 1 globe. Since a Sustainability Rating is assigned to all funds that meet the above criteria, the rating it is not limited to funds with explicit sustainable or responsible investment mandates.

Opinions expressed are those of the author or Funds and are subject to change, are not intended to be a forecast of future events, a guarantee of future results, nor investment advice. References to other mutual funds should not be considered an offer to buy or sell these securities.

The S&P 500 or Standard & Poor's 500 Index is a market-capitalization-weighted index of the 500 largest U.S. publicly traded companies. It is not possible to invest in an index.

Credit Quality is determined from the highest available credit rating from any Nationally Recognized Statistical Rating Agency (NRSRO”). Credit ratings provided using MSCI's rating convention. The firm evaluates a bond issuer’s financial strength, or its ability to pay a bond’s principal and interest in a timely fashion. Ratings are expressed as letters ranging from ‘AAA’, which is the highest grade, to ‘D’, which is the lowest grade. In limited situations when the rating agency has not issued a formal rating, the rating agency will classify the security as nonrated.

References to other mutual funds should not to be considered an offer to buy or sell these securities.

Please click here for the Praxis Value Index Fund top ten holdings.

Please click here for the Praxis Growth Index Fund top ten holdings.