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Morningstar

Praxis Impact Bond A MIIAX

Morningstar Medalist Rating
Medalist Rating as of | See Praxis Mutual Funds Investment Hub
  • NAV / 1-Day Return 9.40  /  +0.43 %
  • Total Assets 951.3 Mil
  • Adj. Expense Ratio
    0.880%
  • Expense Ratio 0.880%
  • Distribution Fee Level Above Average
  • 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 2.90%
  • Effective Duration 6.30 years

USD | NAV as of Jul 26, 2024 | 1-Day Return as of Jul 26, 2024, 10:17 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.

  • 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.

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

null Morningstar Manager Research

Morningstar Manager Research

Summary

Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the highest quintile among peers.

by Morningstar Manager Research
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Portfolio Holdings MIIAX

More MIIAX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 14.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Federal National Mortgage Association 0.875%

2.24 20.9 Mil
Government

Federal Home Loan Banks 5.5%

2.18 20.3 Mil
Government

Federal National Mortgage Association 5.625%

1.68 15.6 Mil
Government

Federal National Mortgage Association 6.625%

1.53 14.3 Mil
Government

Federal Home Loan Banks 3.25%

1.33 12.4 Mil
Government

Federal National Mortgage Association 2.5%

1.30 12.1 Mil
Securitized

Federal Home Loan Banks 4.25%

1.17 10.9 Mil
Government

Federal Home Loan Mortgage Corp. 1.297%

1.16 10.7 Mil
Securitized

Federal Home Loan Mortgage Corp. 3.5%

1.13 10.6 Mil
Securitized

First American Government Obligs X

1.10 10.2 Mil
Cash and Equivalents