Goshen-based Praxis Investment Management launched the Praxis Impact International ETF.
The Everence company's new fund invests in developed-market equities outside North America.
“Faith-based investors have told us they want their values reflected across their whole portfolio, not only in their U.S. holdings,” said Chad Horning, president of Praxis Funds, in a press release. “With PRXI, advisers and their clients have a practical, values-aligned way to own international equities, and we’re glad to help expand faith-based options in the ETF marketplace.”
The PRXI fund began trading on the NYSE Arca, an electronic communications network that matches orders, on June 24. The fund invests in foreign companies.
Net assets are $1,819,676, with 75,000 outstanding shares as of June 23, the fund's inception date. Praxis launched two other ETFs in April 2025: Praxis Impact Large Cap Growth ETF (PRXG) and Praxis Impact Large Cap Value ETF (PRXV).
“As with our other funds, we’re building on over 30 years of experience in what makes faith-based investments really work for everyday investors,” said Benjamin Bailey, vice president of investments. “Our stewardship investing philosophy emphasizes doing the most good we can while meeting investors’ practical needs, such as portfolio fit and seeking to approximate the returns of a third-party index.”
Praxis, which was founded in 1994, is the asset management division of Everence, also based in Goshen.
