Praxis Impact Large Cap Growth ETF
PRXG
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 1110 N. Main Street Goshen IN United States of America 46528
- IPO Date
- Apr 8, 2025
- CIK
- 0000912900
- Website
- praxismutualfunds.com
- Similar Companies
- Business
- Praxis Impact Large Cap Growth ETF (PRXG) is an actively managed exchange-traded fund that invests primarily in U.S. large cap growth equity securities, seeking capital appreciation and performance that corresponds to the CRSP US Large Cap Growth Index; it applies Praxis Investment Management's proprietary values and risk screens to exclude industries inconsistent with its faith-based core values as well as companies with poor environmental, social, and governance factors, followed by quantitative optimization to minimize tracking error against the benchmark. The fund, with an expense ratio of 0.36%, utilizes Praxis' ImpactX stewardship investing framework, incorporating strategies such as values screening, proxy voting, sustainability integration, company engagement, advocacy, education, and community investing (though it does not hold positive impact bonds). Launched on April 7, 2025, and listed on the NYSE Arca, PRXG targets faith-based and values-driven investors, including individuals, financial advisors, and institutions seeking alignment of financial returns with social and environmental impact. Praxis Investment Management, Inc., the fund's adviser and a company of Everence Financial, is headquartered in Goshen, Indiana, and was founded in 1994 as a pioneer in faith-based stewardship investing. The firm manages PRXG alongside its companion Praxis Impact Large Cap Value ETF (PRXV), five mutual funds including the Praxis Growth Index Fund (MMDEX), Praxis Value Index Fund (MVIIX), Praxis Small Cap Index Fund (MMSIX), Praxis International Index Fund (MPLIX), and Praxis Impact Bond Fund (MIIIX), as well as multi-fund portfolio solutions and money market accounts. Operations focus on the U.S. market, serving everyday investors who integrate Anabaptist-Christian informed convictions with practical financial stewardship. In a major strategic expansion, Praxis launched its inaugural ETFs, PRXG and PRXV, in April 2025 to meet growing demand for lower-cost, liquid, tax-efficient, values-aligned core portfolio options, marking the firm's entry into the active equity ETF space with strategies mirroring its established index mutual funds. These launches propelled Praxis Funds past $3 billion in total assets under management by mid-2025, with mutual funds reaching $3 billion and the new ETFs surpassing $100 million in just five months. As of late 2025, PRXG maintains net assets around $60-70 million, reflecting rapid adoption amid the firm's overall growth trajectory.