Shareholder advocacy
Investors collaborate to address Rohingya crisis
Add financial leverage to existing political pressure
Praxis International Index Fund
Strategy
- Invests primarily in foreign equity securities and uses optimized indexing techniques to reflect the performance of the MSCI All Country World ex-U.S. Index, while incorporating stewardship investing criteria.
- Attempts to minimize risk through broad diversification among foreign countries and industries.
Risks
An investment in this Fund entails the special risks of international investing, including currency exchange fluctuation, government regulations, and the potential for political and economic instability. The Fund’s share price is expected to be more volatile than that of a U.S.-only fund. Equity securities (stocks) are more volatile and carry more risk than other forms of investments, including investments in high-grade fixed income securities. The net asset value per share of this Fund will fluctuate as the value of the securities in the portfolio changes. Common stocks, and funds investing in common stocks, generally provide greater return potential when compared with other types of investments.
Making a difference
Praxis stewardship investing is a values-based approach to socially responsible investing that incorporates:
- Values and ESG-informed restrictive screens
- Corporate engagement strategy
- Values-driven proxy voting policy
- One percent of the fund assets committed to community development investing
Fund performance chart
as of 03/31/2018
| YTD | 1yr | 3yr | 5yr | Inception (Dec 31, 2010) | |
|---|---|---|---|---|---|
| Praxis International Index - Class I | -0.34% | 15.86% | 6.38% | 5.85% | 4.10% |
| MSCI AC WORLD INDEX ex USA Net (USD) | -1.18% | 16.53% | 6.18% | 5.88% | — |
Download the quarterly fact sheet (PDF) for standardized performance.
Past performance does not guarantee future results. The performance data quoted represents past performance and current returns may be lower or higher. The investment return and principal will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost.
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.
Fund holdings
as of 03/31/2018
Sectors
Top Holdings
Subject to change View all holdings| TENCENT HOLDINGS LTD. | 2.07% |
| TAIWAN SEMICONDUCTOR ADR | 1.71% |
| NESTLE SA - SPONS ADR | 1.62% |
| TOYOTA MOTOR CORP - ADR | 1.27% |
| ALIBABA GRP HLDG - ADR | 1.15% |
| STATOIL ASA SPON ADR | 1.13% |
| CASH | 1.08% |
| HSBC HOLDINGS PLC - ADR | 1.04% |
| NOVARTIS AG ADR | 0.91% |
| DANONE SA | 0.87% |
Management
Ran Leshem
Ran Leshem serves as Aperio Group’s chief investment officer and has extensive expertise in applying quantitative techniques and information technology to operational problems. Ran received a bachelor’s degree in mathematics from the University of Waterloo, Canada, where he received the Hewlett Packard Award for academic excellence. He earned his MBA from University of California, Berkeley.
Michael Branch, CFA®
Michael Branch is a senior portfolio manager and manager of portfolio research at Aperio Group. Michael is responsible for leading the research efforts that support the implementation and enhancement of existing strategies as well as new strategy development. He received his bachelor’s degree in finance from the University of Arizona, holds the chartered financial analyst designation and is a member of the CFA Society of San Francisco.
Annie Tan
Annie Tan is a portfolio manager at Aperio Group, where she supervises and manages Aperio’s ESG/SRI portfolio management efforts. She also provides analytical support in the research, portfolio management, and trading of client portfolios. Prior to joining Aperio, Annie was an investment analyst at Dragon Financial Group. She received her Bachelor of Arts in Economics from the University of California, Davis and her Master of Science in financial analysis from the University of San Francisco.
Stories
Making a difference
Shareholder advocacy
Chocolate companies address child labor through CocoaAction
Increased industry cooperation in training and supplying cocoa growers furthers fight against human rights abuses
Community development investing
Filipina artisan finds success with support of small-business loans
A growing business provides a stable foundation for Lory’s family
Shareholder advocacy
Statoil moves toward climate resiliency
Investors pleased with Statoil’s plans to examine its business practices
Disclosure
1 Reflects the expense ratios as reported in the Prospectus dated April 30, 2017.
Aperio Group, LLC focuses solely on index investing, creating and managing customized portfolios for select clients.