Praxis Impact Bond Fund Class A (MIIAX)
| Fund Assets | 768.40M |
| Expense Ratio | 0.84% |
| Min. Investment | $2,500 |
| Turnover | n/a |
| Dividend (ttm) | 0.30 |
| Dividend Yield | 3.08% |
| Dividend Growth | 12.01% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jun 30, 2025 |
| Previous Close | 9.44 |
| YTD Return | 2.16% |
| 1-Year Return | 4.35% |
| 5-Year Return | -6.41% |
| 52-Week Low | 9.16 |
| 52-Week High | 9.76 |
| Beta (5Y) | 0.23 |
| Holdings | 526 |
| Inception Date | May 12, 1999 |
About MIIAX
The Fund's investment strategy focuses on Core Bond with 0.92% total expense ratio. The minimum amount to invest in Praxis Mutual Funds: Praxis Impact Bond Fund; Class A Shares is $2,500 on a standard taxable account. Praxis Mutual Funds: Praxis Impact Bond Fund; Class A Shares seeks current income, and to a lesser extent, it seeks capital appreciation. MIIAX primarily invests in investment-grade intermediate-term fixed income securities of companies consistent with its stewardship investing approach which incorporates values-based restrictive screens and active ESG data integration.
Performance
MIIAX had a total return of 4.35% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.20%.
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
15.89% of assets| Name | Symbol | Weight |
|---|---|---|
| First American Government Obligations Fund | FGXXX | 2.84% |
| Federal National Mortgage Association 0.875% | FNMA.0.875 08.05.30 | 1.99% |
| Federal Home Loan Banks 5.5% | FHLB.5.5 07.15.36 | 1.94% |
| 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 | 1.39% |
| Federal Home Loan Mortgage Corp. 1.487% | FHMS.KG04 A2 | 1.35% |
| Federal Home Loan Mortgage Corp. 3% | FR.SD8225 | 1.28% |
| Federal National Mortgage Association 3.5% | FN.MA4600 | 1.26% |
| Federal Home Loan Banks 3.25% | FHLB.3.25 11.16.28 | 1.23% |
| Federal National Mortgage Association 4% | FN.MA4732 | 1.12% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| 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 |
| Jan 31, 2025 | $0.0253 | Feb 3, 2025 |