Praxis Impact Bond Fund Class I (MIIIX)
| Fund Assets | 768.40M |
| Expense Ratio | 0.46% |
| Min. Investment | $100,000 |
| Turnover | n/a |
| Dividend (ttm) | 0.33 |
| Dividend Yield | 3.56% |
| Dividend Growth | 11.00% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | May 30, 2025 |
| Previous Close | 9.27 |
| YTD Return | 1.25% |
| 1-Year Return | 3.10% |
| 5-Year Return | -5.06% |
| 52-Week Low | 9.12 |
| 52-Week High | 9.71 |
| Beta (5Y) | n/a |
| Holdings | 521 |
| Inception Date | May 1, 2006 |
About MIIIX
The Fund's investment strategy focuses on Core Bond with 0.52% total expense ratio. The minimum amount to invest in Praxis Mutual Funds: Praxis Impact Bond Fund; Class I Shares is $100,000 on a standard taxable account. Praxis Mutual Funds: Praxis Impact Bond Fund; Class I Shares seeks current income, and to a lesser extent, it seeks capital appreciation. MIIIX 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
MIIIX had a total return of 3.10% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.10%.
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
15.31% of assets| Name | Symbol | Weight |
|---|---|---|
| Federal National Mortgage Association 0.875% | FNMA.0.875 08.05.30 | 2.05% |
| Federal Home Loan Banks 5.5% | FHLB.5.5 07.15.36 | 2.02% |
| First American Government Obligations Fund | FGXXX | 1.70% |
| Federal National Mortgage Association 5.625% | FNMA.5.625 07.15.37 | 1.56% |
| Federal National Mortgage Association 6.625% | FNMA.6.625 11.15.30 | 1.44% |
| Federal Home Loan Mortgage Corp. 1.487% | FHMS.KG04 A2 | 1.40% |
| Federal Home Loan Mortgage Corp. 3% | FR.SD8225 | 1.35% |
| Federal National Mortgage Association 3.5% | FN.MA4600 | 1.33% |
| Federal Home Loan Banks 3.25% | FHLB.3.25 11.16.28 | 1.28% |
| Federal National Mortgage Association 4.5% | FN.MA4656 | 1.17% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| 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 |
| Jan 31, 2025 | $0.0285 | Feb 3, 2025 |
| Dec 30, 2024 | $0.0281 | Dec 31, 2024 |