Praxis Value Index Fund
Objectives
To seek capital appreciation through a portfolio of stocks intended to parallel the investment performance of the U.S. large-cap, value-style equities market, while incorporating stewardship investing criteria.Basics
- Inception date
- 5/1/2001
- Symbol
- MVIAX
- CUSIP
- 74006E603
- Minimum investment amount1
- $2,500
- Annual expense ratio2
- 0.75%
- Sales charge
- 5.25%
Net asset value
- as of 4/18/2024
- $17.62
- NAV change
- 0.11%
Literature
Strategy
- Invests primarily in U.S. equity securities and uses optimized indexing techniques to reflect the performance of the Standard & Poor's 500 Value Index, while incorporating stewardship investing criteria.
- Attempts to minimize risk through diversification.
Risks
Equity securities (stocks) are more volatile and carry more risk than other forms of investments, including investments in high-grade fixed income securities. The net asset value per share of this fund will fluctuate as the value of the securities in the portfolio changes. Common stocks, and funds investing in common stocks, generally provide greater return potential when compared with other types of investments. Value-based investments are subject to the risk that the broad market may not recognize their intrinsic value.
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, 2001) | |
|---|---|---|---|---|---|---|---|---|
|
Praxis Value Index Fund - Class A
(without sales charge) |
4.36% | 7.24% | 7.24% | 22.66% | 10.23% | 12.51% | 9.88% | 6.07% |
| Praxis Value Index Fund - Class A (with sales charge) |
-1.11% | 1.63% | 1.63% | 16.24% | 8.27% | 11.31% | 9.29% | 5.83% |
| S&P 500 Value Total Return | 4.55% | 8.05% | 8.05% | 25.58% | 12.17% | 13.26% | 10.62% | — |
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.
For the periods indicated, the performance depicted for Class A shares uses historic performance of the Class B shares for the period from Jan. 4, 1994, to May 11, 1999, but imposes the expense structure of Class A shares. The performance depicted for Class I shares uses historic performance of the Class B shares for the period from Jan. 4, 1994, to May 11, 1999 and Class A shares for the period May 12, 1999 to April 30, 2006; but imposes the expense structure of Class I shares.
The S&P 500 Value Index TR represents the value companies (defined by book value to price ratio, earnings to price ratio, and sales to price ratio) of the S&P 500 Index, a universe of large capitalization companies in 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| JPMORGAN CHASE & CO | 3.12% |
| JOHNSON & JOHNSON | 2.08% |
| PROCTER AND GAMBLE CO. | 1.89% |
| MERCK & CO. INC. | 1.58% |
| BANK OF AMERICA CORP | 1.44% |
| LINDE PLC | 1.34% |
| WALMART INC. | 1.33% |
| LYONDELLBASELL INDUSTRIES | 1.21% |
| THE WALT DISNEY CO | 1.18% |
| CONOCOPHILLIPS | 1.17% |
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 (video)
Dale's biography (PDF)
Stories of impact
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.