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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 8.89  /  0.05 %
  • Total Assets 813.9 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 2.95%
  • Effective Duration 6.10 years

USD | NAV as of Sep 29, 2023 | 1-Day Return as of Sep 29, 2023, 10:17 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 Process Pillar and People 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 0
  • Bond Holdings 512
  • Other Holdings 9
  • % Assets in Top 10 Holdings 17.1
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Federal Home Loan Banks 5.5%

2.48
20,481,730
Government

Federal National Mortgage Association 0.875%

2.47
20,424,413
Government

Federal National Mortgage Association 5.625%

1.93
15,937,880
Government

Federal National Mortgage Association 6.625%

1.76
14,513,265
Government

Federal National Mortgage Association 2.5%

1.57
12,979,293
Securitized

Federal National Mortgage Association 0.5%

1.54
12,694,947
Government

Federal Home Loan Banks 3.25%

1.50
12,375,384
Government

Federal Home Loan Banks 4.25%

1.32
10,896,726
Government

Federal Home Loan Mortgage Corporation 4%

1.28
10,601,847
Securitized

Federal National Mortgage Association 2%

1.26
10,431,725
Securitized