Strategy. The Fund invests primarily in equity securities of foreign companies organized under the laws of, headquartered in, or whose common equity securities are principally traded in countries outside the United States. The Fund seeks to generate performance that reflects the performance of a broad representation of both foreign developed and emerging equity markets, as measured by the Morningstar Global ex-US Target Market Exposure NR USD Index SM , its benchmark index. Under normal circumstances, the Fund invests at least 80 percent of the value of its assets in securities of, and investments related to, issuers in the Funds benchmark index. Typically, the Fund invests substantially more than 80 percent of the value of its assets in such securities and investments. … Show more… The Fund invests primarily in equity securities of foreign companies organized under the laws of, headquartered in, or whose common equity securities are principally traded in countries outside the United States. The Fund seeks to generate performance that reflects the performance of a broad representation of both foreign developed and emerging equity markets, as measured by the Morningstar Global ex-US Target Market Exposure NR USD Index SM , its benchmark index. Under normal circumstances, the Fund invests at least 80 percent of the value of its assets in securities of, and investments related to, issuers in the Funds benchmark index. Typically, the Fund invests substantially more than 80 percent of the value of its assets in such securities and investments. Investments related to the benchmark index in which the Fund invests consist of American Depositary Receipts (ADRs), which are equity securities that represent shares of foreign companies in the index. The Fund seeks to invest in companies aligned with the Praxis Stewardship Investing core values. The Adviser does this by applying proprietary screens that reflect the Praxis Stewardship Investing core values. In addition, the Funds Sub-Adviser uses proprietary optimization techniques, to select securities according to their contribution to the Funds overall objective, while seeking to replicate the characteristics of the index, including risk and return characteristics. The Sub-Adviser 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 Funds investment objective, strategy and the characteristics of the overall portfolio. Praxis Stewardship Investing Core Values Through various impact strategies, the Fund seeks to support the following core values: ? 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 Additional information on Praxis Stewardship Investing philosophy, core values, screens and other ImpactX strategies can be found in the Investment Objectives, Principal Investment Strategies and Related Risks section beginning on page 34 of the Funds prospectus. Show less