Everence Capital Management, Inc. (“Everence”, “the firm”, “our”, or “we”) is an SEC- registered investment adviser with its principal place of business located in Goshen, Indiana. Everence Capital Management, Inc. has provided these services since 1990. The firm’s sole owner is Everence Holdings, Inc., which is owned by Everence Association, Inc., a fraternal benefit society. Everence Capital Management, Inc. offers the following advisory services to our clients. INVESTMENT SUPERVISORY SERVICES ("ISS") Mutual Fund Clients Everence Capital Management, Inc. provides portfolio management services to the Praxis Mutual Funds (the Funds), mutual funds registered under the Investment Company Act of 1940. Everence Capital Management, Inc. provides investment management services and directs portfolio transactions for five mutual funds and three risk-based fund-of-fund portfolios. The five mutual funds consist of one actively managed bond fund and four equity index funds. The actively managed bond fund purchases fixed income securities that the manager believes will meet its investment objective to provide competitive performance relative to its index. The firm determines whether to sell an investment based upon its assessment of the relative costs and benefits of continuing to hold an investment versus replacing it with other available investments, in light of the Fund’s investment objective, strategy and the characteristics of the overall portfolio. The four equity index funds use optimization techniques, including ESG (environmental social and governance) factors, to select securities according to their contribution to the fund’s overall objective and to seek to replicate the characteristics of the index, including risk and return characteristics.

The three risk-based fund of fund portfolios seek to achieve their investment objectives by investing substantially all of their assets in shares of different combinations of the five mutual funds representing different allocations of stocks, bonds, and cash investments, and reflecting varying degrees of expected investment risk and potential reward. The funds seek to avoid companies that are deemed inconsistent with the Stewardship Investing core values. These six core values are:
• Respecting the dignity and value of all people
• Building a world at peace and free from violence
• Demonstrating a concern for justice in a global society
• Exhibiting responsible management practices
• Supporting and involving communities
• Practicing environmental stewardship Interested investors should refer to the Fund's prospectus and Statement of Additional Information ("SAI") for important information regarding objectives, investments, time- horizon, risks, fees, and additional disclosures. These documents are available on-line at www.praxismutualfunds.com/reports. Prior to making any investment in the Funds, investors and prospective investors should carefully review these documents for a comprehensive understanding of the terms and conditions applicable for investment in the Funds. Form ADV Part 2A – 2024 Page 5 of 15 CONSULTING SERVICES Consulting recommendations are not limited to any specific product or service offered by a broker-dealer or insurance company. All recommendations are of a generic nature. We develop portfolio lists for discretionary use by other investment advisors. AMOUNT OF MANAGED ASSETS As of 12/31/2023 we were actively managing $2,454,782,653 of clients' assets on a discretionary basis.