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 10/31/2017

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  1mon 3mon YTD 1yr 3yr 5yr Inception (Dec 31, 2010)
Praxis International Index - Class I 1.57% 3.37% 22.50% 22.42% 5.62% 7.22% 4.02%
MSCI AC WORLD INDEX ex USA Net (USD) 1.88% 4.32% 23.41% 23.64% 5.71% 7.29% — 

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 10/31/2017

Sectors

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Top Holdings

Subject to change View all holdings
NESTLE SA - SPONS ADR 1.82%
TENCENT HOLDINGS LTD 1.77%
TOYOTA MOTOR CORP - ADR 1.21%
TAIWAN SEMICONDUCTOR ADR 1.18%
ALIBABA GRP HLDG - ADR 1.16%
HSBC HOLDINGS PLC - ADR 1.06%
STATOIL ASA SPON ADR 0.97%
NOVARTIS AG ADR 0.93%
DANONE SA 0.90%
UNILEVER N.V. NY SHARES 0.87%

Management

Photo of Ran Leshem
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.
Patrick Geddes
Patrick Geddes
Patrick Geddes is Aperio Group’s chief executive officer and chief tax economist. Prior to joining Aperio, Patrick was the chief financial officer and, prior to that, director of quantitative research at Morningstar, Inc. Patrick received his MBA, with Honors, from the University of Chicago, and has taught numerous courses in graduate-level finance at the University of California Berkeley Extension.

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Making a difference

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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.