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Morningstar

Praxis Impact Bond I MIIIX

Morningstar Medalist Rating
Medalist Rating as of | See Praxis Mutual Funds Investment Hub
  • NAV / 1-Day Return 9.05  /  −0.33 %
  • Total Assets 892.7 Mil
  • Adj. Expense Ratio
    0.490%
  • Expense Ratio 0.490%
  • Distribution Fee Level Average
  • Share Class Type Institutional
  • Category Intermediate Core Bond
  • Credit Quality / Interest Rate Sensitivity High/Moderate
  • Min. Initial Investment 100,000
  • Status Open
  • TTM Yield 3.13%
  • Effective Duration 6.20 years

USD | NAV as of Apr 18, 2024 | 1-Day Return as of Apr 18, 2024, 10:21 PM GMT+0

Morningstar’s Analysis MIIIX

Will MIIIX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable MIIIX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the MIIIX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of MIIIX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Praxis Impact Bond I's Average People Pillar and Process Pillar ratings result in a Morningstar Medalist Rating of Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The strategy charges fees in line with its similarly distributed peers, priced within the middle quintile.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings MIIIX

More MIIIX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 15.5
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Federal National Mortgage Association 0.875%

2.33 20.8 Mil
Government

Federal Home Loan Banks 5.5%

2.29 20.5 Mil
Government

First American Government Obligs X

1.85 16.6 Mil
Cash and Equivalents

Federal National Mortgage Association 5.625%

1.76 15.7 Mil
Government

Federal National Mortgage Association 6.625%

1.61 14.4 Mil
Government

Federal National Mortgage Association 2.5%

1.39 12.5 Mil
Securitized

Federal Home Loan Banks 3.25%

1.39 12.4 Mil
Government

Federal Home Loan Banks 4.25%

1.22 10.9 Mil
Government

Federal Home Loan Mortgage Corp. 1.297%

1.20 10.7 Mil
Securitized

Federal Home Loan Mortgage Corp. 4%

1.15 10.3 Mil
Securitized