Praxis Impact Bond Fund Class A (MIIAX)
| Fund Assets | 1.05B |
| Expense Ratio | 0.84% |
| Min. Investment | $2,500 |
| Turnover | 8.03% |
| Dividend (ttm) | 0.30 |
| Dividend Yield | 3.08% |
| Dividend Growth | 10.98% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jul 31, 2025 |
| Previous Close | 9.43 |
| YTD Return | 2.05% |
| 1-Year Return | -0.24% |
| 5-Year Return | -7.63% |
| 52-Week Low | 9.16 |
| 52-Week High | 9.76 |
| Beta (5Y) | 0.23 |
| Holdings | 526 |
| Inception Date | May 12, 1999 |
About MIIAX
Praxis Impact Bond Fund Class A is a mutual fund that primarily focuses on investment-grade fixed income securities within the United States. Its primary objective is to provide current income to investors, with a secondary goal of capital appreciation. The fund invests mainly in government, corporate, and securitized debt, maintaining at least 80% of assets in fixed income instruments. Notably, it holds less than 5% in below-investment-grade exposures, aligning with its classification as an intermediate-term core bond fund. Typical holdings include U.S. government agencies and corporate bonds, with significant exposure to sectors such as banking and mortgage-backed securities. The fund’s approach is shaped by multiple portfolio managers, and it integrates impact investment principles, aiming to support positive social and environmental outcomes alongside financial returns. As part of the intermediate core bond category, it plays a key role for investors seeking diversified, moderate-risk exposure to the U.S. fixed income market, often serving as a core bond holding within a broader portfolio.
Performance
MIIAX had a total return of -0.24% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.19%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| FGBPX | Fidelity | Fidelity Advisor Investment Grade Bond Fund - Class I | 0.50% |
| FSMTX | Fidelity | Fidelity SAI Total Bond Fund | 0.29% |
| FGBCX | Fidelity | Fidelity Advisor Investment Grade Bond Fund - Class C | 1.52% |
| FGBTX | Fidelity | Fidelity Advisor Investment Grade Bond Fund - Class M | 0.74% |
| FTKFX | Fidelity | Fidelity Total Bond K6 Fund | 0.30% |
Other Share Classes
These are alternative share classes of the same fund, from the same provider.
| Symbol | Share Class | Expense Ratio |
|---|---|---|
| MIIIX | Class I | 0.46% |
Top 10 Holdings
15.85% of assets| Name | Symbol | Weight |
|---|---|---|
| First American Government Obligations Fund | FGXXX | 2.71% |
| Federal National Mortgage Association 0.875% | FNMA.0.875 08.05.30 | 1.97% |
| Federal Home Loan Banks 5.5% | FHLB.5.5 07.15.36 | 1.93% |
| Federal National Mortgage Association 5.625% | FNMA.5.625 07.15.37 | 1.49% |
| Federal National Mortgage Association 6.625% | FNMA.6.625 11.15.30 | 1.37% |
| Federal Home Loan Mortgage Corp. 1.487% | FHMS.KG04 A2 | 1.34% |
| Federal National Mortgage Association 1.286% | FNA.2021-M3G A2 | 1.30% |
| Federal Home Loan Mortgage Corp. 3% | FR.SD8225 | 1.27% |
| Federal National Mortgage Association 3.5% | FN.MA4600 | 1.24% |
| Federal Home Loan Banks 3.25% | FHLB.3.25 11.16.28 | 1.22% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jul 31, 2025 | $0.0262 | Aug 1, 2025 |
| Jun 30, 2025 | $0.0257 | Jul 1, 2025 |
| May 30, 2025 | $0.0256 | Jun 2, 2025 |
| Apr 30, 2025 | $0.0247 | May 1, 2025 |
| Mar 31, 2025 | $0.0254 | Apr 1, 2025 |
| Feb 28, 2025 | $0.0241 | Mar 3, 2025 |