Praxis Small Cap Index Fund

Objectives

To seek capital appreciation through a portfolio of equity securities that seeks to reflect the performance of the U.S. small capitalization equities market, while incorporating stewardship investing criteria.

Basics

Inception date: 5/1/2007
Symbol: MMSCX
CUSIP: 74006E793
Minimum investment amount¹: $2,500
Gross expense ratio²: 1.11%
Net expense ratio³: 1.14%
Sales charge: 5.25%

Net asset value

as of 4/19/2024: $9.54
NAV change: 0.85%

Literature

Prospectus, annual report, SAI (PDF | )

Quarterly fact sheet (PDF)
Real Impact Quarterly (PDF)

Strategy

Invests primarily in U.S equity securities and uses optimized indexing techniques to reflect the performance of the S&P SmallCap 600 Index, while incorporating stewardship investing criteria.
Attempts to minimize risk through diversification.

Risks

The Fund is also subject to small capitalization company risk. Small capitalization companies may not have the size, resources or other assets of large capitalization companies. These small capitalization companies may be more vulnerable to economic, market and competitive pressures than larger companies and therefore may respond differently to market events, and may be subject to greater market risks and fluctuations in value than larger companies. In addition, application of screens may cause the Fund to vary from the performance of its index and other small cap funds.

Making a difference

Praxis stewardship investing is a values-based approach to socially responsible investing that incorporates:

Values and ESG-informed restrictive screens
Corporate engagement strategy
Values-driven proxy voting policy
One percent of the fund assets committed to community development investing

Fund performance chart

as of 03/31/2024

	1mon	3mon	YTD	1yr	3yr	5yr	10yr	Inception (May 1, 2007)
Praxis Small Cap Index Fund - Class A (without sales charge)	3.33%	2.60%	2.60%	15.82%	0.34%	7.83%	5.05%	5.56%
Praxis Small Cap Index Fund - Class A (with sales charge)	-2.10%	-2.75%	-2.75%	9.80%	-1.45%	6.66%	4.48%	5.22%
S&P 600 Index TR	3.24%	2.46%	2.46%	15.93%	2.28%	9.15%	8.80%	—

_{Download the quarterly fact sheet (PDF) for standardized performance.}

_{Past performance does not guarantee future results. The performance data quoted represents past performance and current returns may be lower or higher. The investment return and principal will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost.}

_{The S&P SmallCap 600 Index measures primarily the small-cap segment of the U.S. equity market. Indexes are unmanaged, do not incur fees, and it is not possible to invest directly in an index.}

Fund holdings

as of 03/31/2024

Sectors

Top Holdings

View all holdings → Subject to change

ABERCROMBIE & FITCH CO-A	0.98%
AAON INC.	0.75%
SPX TECHNOLOGIES INC.	0.70%
ANDERSONS INC. (THE)	0.69%
SM ENERGY COMPANY	0.66%
ATI CORP LTD.	0.64%
CVR ENERGY INC.	0.64%
INSIGHT ENTERPRISES	0.63%
ACADEMY SPORTS &	0.62%
BOISE CASCADE COMPANY	0.62%

Management

Dale Snyder, CFA®

Dale Snyder has been a portfolio manager of the Praxis Value Index Fund and the Praxis Growth Index Fund since June 2013, the Praxis Small Cap Index Fund since Jan. 2017, and became co-portfolio manager of the Praxis Genesis Portfolios in May 2018. He joined Everence in 1999 as an equity analyst. Dale has served as a research analyst for the Praxis Impact Bond Fund and assistant portfolio manager for both fixed income and equity separately managed portfolios. He holds a bachelor of arts in business (minor in economics) from Goshen College and an M.B.A. from Indiana University. Dale is a CFA^® charterholder.

Dale on integrating Values + ESG screening (video)

Dale's biography (PDF)

Stories of impact

Stay up to date with stories about Praxis shareholder advocacy, community development investing, positive impact bonds and more.

Disclosure

¹ A $25 annual fee applies to accounts under $5,000.

² Reflects the expense ratio as reported in the Prospectus dated May 1, 2023.

³Reflects the expense ratios as reported in the Prospectus dated May 1, 2023. The Advisor has entered into a contractual expense limitation agreement until April 30, 2024.