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.
Fund Family Praxis Investment Management, Inc.
Category Intermediate Core Bond
Stock Exchange NASDAQ
Ticker Symbol MIIAX
Share Class Class A
Index Bloomberg U.S. Aggregate Bond TR
MIIAX had a total return of 0.60% in the past year, including dividends. Since the fund's
inception, the average annual return has been 3.22%.
