Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the most expensive quintile among peers.
Praxis Impact Bond A MIIAX
- NAV / 1-Day Return 9.09 / −0.33 %
- Total Assets 898.5 Mil
-
Adj. Expense Ratio
- Expense Ratio 0.940%
- Distribution Fee Level High
- Share Class Type Front Load
- Category Intermediate Core Bond
- Credit Quality / Interest Rate Sensitivity High/Moderate
- Min. Initial Investment 2,500
- Status Open
- TTM Yield 2.75%
- 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 MIIAX
Will MIIAX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
People Pillar
Parent Pillar
- 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 |