Praxis Impact Bond Fund Class I (MIIIX)
| Fund Assets | 1.05B |
| Expense Ratio | 0.46% |
| Min. Investment | $100,000 |
| Turnover | 8.03% |
| Dividend (ttm) | 0.31 |
| Dividend Yield | 3.25% |
| Dividend Growth | 9.02% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jul 31, 2025 |
| Previous Close | 9.36 |
| YTD Return | 2.89% |
| 1-Year Return | 2.39% |
| 5-Year Return | -5.33% |
| 52-Week Low | 9.12 |
| 52-Week High | 9.71 |
| Beta (5Y) | n/a |
| Holdings | 526 |
| Inception Date | May 1, 2006 |
About MIIIX
Praxis Impact Bond Fund Class I is an open-end mutual fund focused on generating current income, with capital appreciation as a secondary aim. The fund primarily invests in investment-grade fixed income securities, such as corporate bonds, government agency obligations, mortgage-backed, and asset-backed securities. Its strategy emphasizes a stewardship investing approach, incorporating proprietary values-based screens and active environmental, social, and governance (ESG) data integration to align investments with specific ethical and impact objectives. At least 80% of assets are typically allocated to fixed income securities, and the fund seeks to avoid exposure to companies deemed inconsistent with its stewardship values. Designed to maintain a dollar-weighted average maturity of three to ten years, the portfolio mirrors the sector allocation of the Bloomberg U.S. Aggregate Bond Index with selective overweighting or underweighting based on relative sector value. Praxis Impact Bond Fund Class I is notable for its focus on bonds with direct positive implications for climate and communities, making it a distinctive choice within sustainable and impact-oriented fixed income investing. The fund typically requires a minimum investment and is aimed at investors seeking stable income alongside ethical alignment.
Performance
MIIIX had a total return of 2.39% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.16%.
Other Share Classes
These are alternative share classes of the same fund, from the same provider.
| Symbol | Share Class | Expense Ratio |
|---|---|---|
| MIIAX | Class A | 0.84% |
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 | $0.0295 | Aug 1, 2025 |
| Jun 30, 2025 | $0.0287 | Jul 1, 2025 |
| May 30, 2025 | $0.0287 | Jun 2, 2025 |
| Apr 30, 2025 | $0.0279 | May 1, 2025 |
| Mar 31, 2025 | $0.0285 | Apr 1, 2025 |
| Feb 28, 2025 | $0.027 | Mar 3, 2025 |