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Fund Profile:
Praxis Intermediate Income A Download as PDF for Printing PDF Download

Jump to: General Fund Information | Fund Institution Information | Account Minimums | Methodology | Proxy Voting Information | Specific Screening Information by Category | Performance Data


General Fund Information - [Return to Top]

Ticker: MIIAX

Assets under management (AUM): $478M (in US$ millions) - See other performance data below

General Fund Type: Bond (Fixed Income)

Specific Sizes or Types of Investments: Wide range of notes & bonds issued by US govt. and corporations, and mortgage-backed securities.

Financial Objective: Seeks current income with capital appreciation as a secondary objective.

Specific ESG Focus: --

To invest, call: 800-348-7468

 


Institution Name:
Everence Praxis Mutual Funds

Contact info:
Web: http://www.everence.com/showitem2.aspx?id=307 (Opens in a new window)

 

Account Minimums - [Return to Top]

Minimum Account: $2,500

Minimum IRA: --

 

Methodology - [Return to Top]

Screening Venue: In-house and outside

Screening Party: Praxis Social Research Staff

Screening Database Used: MSCI ESG Data & Analysis

Screening Process: Praxis Mutual Fund's Stewardship Investing Guidelines use a "positive magnet screening" process that evaluates companies based on their ability to reflect a set of six positive core values. By the reverse of this process, there are certain industries and activities which are deemed inconsistent with the core values and which are summarily avoided. Such industries include alcohol, gambling, tobacco, abortion-specific products, and military contracting.

New companies are added to Praxis Mutual Fund's "social universe" of companies 1) following a successful research/conclusions at the request of fund managers, 2) when certain remedial actions are taken by a company bringing them in acceptable alignment with the Guidelines, or 3) at the recommondation of social research staff based on unusually high social responsibility characteristics. Companies are removed from the Social Universe when information is received that moves the company's social evalution outside of acceptalb eparameters to the Guidelines. Fund managers exercise complete discretion in investment decision-making, based on market realities and the needs of the portfolio.

 

Proxy Voting Information - [Return to Top]

Proxy Voting Guidelines or Policies: Open external link in new window

Proxy Voting Records: Open external link in new window

 

Specific Screening Information by Category - [Return to Top]

Environment

  • Other Environmental: Positive Investment

Social

  • Community Development: Positive Investment - 1% of portfolio in community investments.
  • Diversity & Equal Employment Opportunity: Positive Investment
  • Human Rights: Positive Investment
  • Labor Relations: Positive Investment

Governance

    Products

    • Alcohol: No Investment
    • Animal Welfare: Restricted/Exclusionary Investment - Careful consideration given to the abusive treatment of animals.
    • Defense/Weapons: No Investment
    • Gambling: No Investment
    • Tobacco: No Investment

    Other


      Performance Data - [Return to Top]

      Data provided by: Bloomberg logo - Information current as of April 30, 2017

      Year-to-date rate of return: 1.63%

      1-year rate of return: 0.77%

      3-year rate of return: 2.24%

      5-year rate of return: 2.06%

      10-year rate of return: 4.21%

      Previous year rate of return: 2.12%

      Management fee: 0.4%

      Expense ratio: 0.94%

      Standard deviation: 3.01%

      Benchmark used: Barclays Capital US Aggregate

      Disclaimer: You should consider the fund's investment objectives, risks and charges and expenses carefully before you invest. The fund's prospectus contains this and other information. Call (800) 977-2947 or visit www.praxismutualfunds.com for a prospectus, which you should read carefully before you invest. Praxis Mutual Funds are advised by Everence Capital Management and distributed through FINRA member BHIL Distributors Inc. Investment products offered are not FDIC insured may lose value and have no bank guarantee.


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