Sustainable, Responsible and Impact Mutual Fund and ETF Chart
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: MIIIX
Assets under management (AUM): $852.72M (in US$ millions) - See other performance data below
General Fund Type: Bond (Fixed Income)
Specific Sizes or Types of Investments: --
Financial Objective: Seeks current income with capital appreciation as a secondary objective.
Specific ESG Focus: --
To invest, call: 800-348-7468
Institution Name:
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: $100,000
Minimum IRA:
--
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:
- Information current as of December 31, 2023
Year-to-date rate of return: 5.87%
1-year rate of return: 5.87%
3-year rate of return: -3.22%
5-year rate of return: 1.14%
10-year rate of return: 1.81%
Previous year rate of return: -12.71%
Management fee: 0.37%
Expense ratio: 0.49%
Standard deviation: 8.48%
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.