Morningstar

Praxis Impact Bond Fund Class A MIIAX

Morningstar Medalist Rating
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Medalist Rating as of See Everence Investment Hub
  • NAV / 1-Day Return$9.11  /  −0.11%
  • Fund Size$1.2B
  • Adjusted Expense Ratio0.780%
  • Net Expense Ratio0.790%
  • Fee Level: DistributionAverage
  • Share Class TypeFront Load
  • Morningstar CategoryIntermediate Core Bond
  • Fixed-Income Style Box (Funds)Medium/Moderate
  • Minimum Initial Investment$2,500
  • Investment StatusOpen
  • TTM Yield3.52%
  • Average Effective Duration5.97 yrs
NAV and 1-Day Return as of

Morningstar’s Analysis MIIAX

Will MIIAX outperform in the 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 MIIAX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the MIIAX 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 MIIAX’s parent organization’s priorities and whether they’re in line with investors’ interests.

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

Praxis Impact Bond A holds a quantitatively derived Neutral Morningstar Medalist Rating. The rating suggests the model does not express a clear expectation of outperformance or underperformance relative to peers over a full market cycle.

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Portfolio Holdings MIIAX

More MIIAX Holdings
  • Current Portfolio Date
  • Equity Holdings—
  • Bond Holdings—
  • Other Holdings—
  • % Assets in Top 10 Holdings14.4
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

First American Government Obligs X

2.6131M
Cash and Equivalents

Federal Home Loan Banks 5.5%

2.3929M
Government

Federal National Mortgage Association 5.625%

1.8723M
Government

Federal National Mortgage Association 0.875%

1.7020M
Government

Federal Home Loan Mortgage Corp. 2.65%

1.5319M
Securitized

Federal Home Loan Banks 2.347%

1.2815M
Securitized

Federal Home Loan Banks 2.361%

1.1714M
Securitized

Federal Home Loan Mortgage Corp. 1.487%

1.1514M
Securitized

Federal Home Loan Mortgage Corp. 1.2857%

1.1214M
Securitized

Federal National Mortgage Association 6.625%

1.1213M
Government

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