Praxis Small Cap Index Fund Class I (MMSIX)
| Fund Assets | 186.69M |
| Expense Ratio | 0.44% |
| Min. Investment | $100,000 |
| Turnover | 82.31% |
| Dividend (ttm) | 0.14 |
| Dividend Yield | 1.16% |
| Dividend Growth | -5.91% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 30, 2024 |
| Previous Close | 12.00 |
| YTD Return | -1.00% |
| 1-Year Return | -3.27% |
| 5-Year Return | 72.85% |
| 52-Week Low | 9.71 |
| 52-Week High | 13.25 |
| Beta (5Y) | n/a |
| Holdings | 660 |
| Inception Date | May 1, 2007 |
About MMSIX
Praxis Small Cap Index Fund Class I is a mutual fund that invests primarily in U.S. small capitalization equity securities. The fund seeks to mirror the performance of the U.S. small-cap equities market, specifically aiming to reflect the S&P 600 Small Cap Index. It employs an indexing strategy combined with a faith-based impact investing approach that incorporates seven impact strategies to promote real-world change. The fund focuses on long-term capital appreciation through broad exposure to smaller companies across diverse sectors such as industrials, energy, real estate, and consumer discretionary. Its portfolio typically includes hundreds of holdings, offering diversified access to smaller, potentially high-growth companies that may be more sensitive to economic fluctuations compared to larger firms. Since its inception in May 2007, the fund has balanced market risk with an ESG-informed investing philosophy and stewardship engagement. The fund charges an expense ratio of approximately 0.44% and requires a minimum investment of $100,000, catering to investors interested in small-cap exposure with an emphasis on values-driven investment criteria.
Performance
MMSIX had a total return of -3.27% in the past year, including dividends. Since the fund's inception, the average annual return has been 6.23%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| VTMSX | Vanguard | Vanguard Tax-Managed Small Cap Fund Admiral Shares | 0.09% |
Other Share Classes
These are alternative share classes of the same fund, from the same provider.
| Symbol | Share Class | Expense Ratio |
|---|---|---|
| MMSCX | Class A | 1.03% |
Top 10 Holdings
5.36% of assets| Name | Symbol | Weight |
|---|---|---|
| First American Government Obligations Fund | FGXXX | 0.77% |
| Formula One Group | FWONK | 0.71% |
| Expand Energy Corporation | EXE | 0.59% |
| SPX Technologies, Inc. | SPXC | 0.58% |
| Franklin Resources, Inc. | BEN | 0.54% |
| NRG Energy, Inc. | NRG | 0.52% |
| Sanmina Corporation | SANM | 0.42% |
| Balchem Corporation | BCPC | 0.41% |
| Smurfit Westrock Plc | SW | 0.41% |
| UGI Corporation | UGI | 0.41% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 30, 2024 | $0.1368 | Dec 31, 2024 |
| Dec 28, 2023 | $0.1454 | Dec 29, 2023 |
| Dec 29, 2022 | $0.0131 | Dec 30, 2022 |
| Dec 16, 2022 | $0.091 | Dec 19, 2022 |
| Dec 30, 2021 | $0.0998 | Dec 31, 2021 |
| Dec 30, 2020 | $0.0836 | Dec 31, 2020 |