{"id":26770,"date":"2019-12-02T12:22:45","date_gmt":"2019-12-02T17:22:45","guid":{"rendered":"https:\/\/test.greenmoney.com\/2025\/?p=26770"},"modified":"2020-01-06T13:20:52","modified_gmt":"2020-01-06T18:20:52","slug":"positive-impact-bonds-build-on-strong-foundations","status":"publish","type":"post","link":"https:\/\/test.greenmoney.com\/2025\/positive-impact-bonds-build-on-strong-foundations\/","title":{"rendered":"Positive Impact Bonds Build on Strong Foundations"},"content":{"rendered":"
>> Back to December 2019<\/a><\/div>\n

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\"PraxisPraxis Mutual Fund shareholders expect us to invest with their values in mind. The Praxis Impact Bond Fund turned 25 this year and through the first half of the fund\u2019s tenure we diligently focused on screening out holdings contrary to those shared values. In 2006, our eyes were opened by a public bond offering that showed us what positive impact bonds (those bonds that make a positive impact on the climate and\/or communities) could do.<\/p>\n

In November of that year, the International Finance Facility for Immunization (IFFIm) issued their inaugural \u201cVaccine Bond.\u201d This bond raised $1 billion to help immunize children in developing countries. It accelerated the ability for six European nations to use their stellar credit rating to help save lives. An independent evaluation of the program in June 2011 calculated that over 2 million future deaths had been averted because of the IFFIm program.<\/p>\n

For years the Praxis Impact Bond Fund had excluded \u201cunaligned\u201d issuers and invested nearly 1 percent of the fund in Community Development Investments. But with the advent of impact bonds, the opportunity to purchase bonds that promoted our core values while earning a market rate return was exactly what our investors desired before they knew it was possible.<\/p>\n