Recognizes commitment to maximizing real-world impact for everyday investors
GOSHEN, IN, December 21, 2023 /24-7PressRelease/ — Praxis Mutual Funds®, a leading faith-based family of mutual funds from Everence Financial®, was named the global 2023 Faith-Based Organization of the Year by Environmental Finance in its IMPACT Award program. The recognition follows the introduction of the Praxis ImpactX framework to help investors understand the real-world impact of their investments across seven distinct impact strategies.
“At Praxis, we recognize that everyday investors – including those who choose broadly diversified investments such as index funds – want to not only align their dollars with their values but to maximize real-world impact,” said Stella Tai, Stewardship Investing Impact and Analysis Manager. “The Praxis ImpactX framework expresses our longstanding efforts to find everything we can do to make a difference in the context of index and other broadly diversified funds.”
Environmental Finance’s annual IMPACT Awards recognizes the work of impact investors internationally and highlights best practices, across all asset classes and all geographies. Winners were selected by an advisory panel consisting of industry experts made up of investors, pension fund managers and insurers, along with the Environmental Finance editorial team.
“Our concept of ‘stewardship investing’ recognizes that investments need to meet practical needs – such as pursuing market-level returns and addressing investor concerns around volatility – while also aligning investors’ faith and values with their investments,” said Mark Regier, Vice President of Stewardship Investing. “We’re honored to be recognized by Environmental Finance for this work for the second time, which builds on nearly 30 years of showing both financial advisors and investors what’s possible.”
To view the Praxis Mutual Funds winning entry and full list of 2023 IMPACT Award winners, visit the Environmental Finance website. Environmental Finance previously named Praxis its 2020 Faith-Based Organization of the Year.
About Praxis Mutual Funds
Founded in 1994, Praxis Mutual Funds is a leading faith-based, socially responsible family of mutual funds designed to help investors integrate their finances with their values. Praxis is the mutual fund family of Everence Financial, a comprehensive faith-based financial services organization helping individuals, organizations and congregations. To learn more, visit praxismutualfunds.com and everence.com, or call 800-348-7468.
Consider the fund’s investment objectives, risks, charges and expenses carefully before you invest. The fund’s prospectus and summary prospectus contain this and other information. Call 800-977-2947 or visit praxismutualfunds.com for a prospectus, which you should read carefully before you invest.
Praxis Mutual Funds are advised by Everence Capital Management and distributed through Foreside Financial Services, LLC, member FINRA.
Investment products offered are not FDIC insured, may lose value, and have no bank guarantee.
A full list of holdings can be found at praxismutalfunds.com and are subject to risk and to change at anytime. Any discussion of individual companies is not intended as a recommendation to buy, hold or sell securities issued by those companies.
Judging process: An advisory panel consisting of industry experts chosen for their knowledge, objectivity and credibility along with the Environmental Finance editorial team will review the submitted entry material. Judges score each entry individually and any conflict of interest will be removed, the judge’s score will be confidential. The Judges’ decision is final and neither Environmental Finance nor the judging panel will enter into any correspondence regarding individual entries and/ or award winners.
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 (environmental, social, governance) and/or faith-based screens may cause the fund to lag the performance of its index.
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