Praxis Launches Two Faith-Based Large Cap ETFs: PRXG and PRXV

How These ETFs Work

PRXG and PRXV are designed to track the performance of the CRSP US Large Cap Growth Index and the CRSP US Large Cap Value Index, respectively. While closely following these third-party benchmarks, the funds integrate Praxis’s proprietary equity screens aligned with its faith-based investment criteria. By using optimization techniques, the funds aim to minimize tracking error and maintain the risk and return profile of the benchmark indexes.

The portfolios are managed by Praxis’s seasoned investment team, including Benjamin Bailey, Vice President of Investments, and Dale E. Snyder, CFA, who have extensive experience managing faith-aligned portfolios. Both funds carry an expense ratio of 0.36%, positioning them as competitively priced options in the ESG and faith-based investing space.

Why Investors Should Consider These ETFs

PRXG and PRXV are intended to serve as core equity allocations in client portfolios, providing a foundation that combines competitive financial performance with values-driven impact. The ETFs leverage the quantitative equity strategies long used in Praxis’s mutual fund offerings, such as the Praxis Growth Index Fund (MMDEX) and Praxis Value Index Fund (MVIIX).

Research by Praxis indicates strong investor interest in faith-aligned financial strategies. According to Chad Horning, President of Praxis Funds, "Investors want competitive, values-driven investment options and they want to talk with their financial advisors about investing with their faith in mind, and these products facilitate that conversation."

Senior National Sales Consultant Deirdre Gibson further emphasizes that these ETFs are designed to give advisors the tools they need to confidently address clients’ faith-based preferences: "We are pleased to expand our offerings to now include two ETFs that combine practical needs with a values-based approach."

About the Issuer

Praxis Investment Management, a company of Everence Financial, has been a pioneer in values-based investing since 1994. Based in Goshen, Indiana, Praxis offers mutual funds, ETFs, and portfolio solutions rooted in stewardship investing principles. Praxis uses its ImpactX framework to deliver measurable social and environmental outcomes alongside competitive returns. With a growing suite of offerings, Praxis remains committed to helping everyday investors align their portfolios with their values.

Learn more: praxisinvests.com/etfs

Please note this article is for information purposes only and does not in any way constitute investment advice. It is essential that you seek advice from a registered financial professional prior to making any investment decision.