Morningstar

Praxis Impact Bond Fund Class I MIIIX

Morningstar Medalist Rating
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Medalist Rating as of See Everence Investment Hub
  • NAV / 1-Day Return $9.08  /  0.00
  • Fund Size $1.2B
  • Adjusted Expense Ratio 0.450%
  • Net Expense Ratio 0.460%
  • Fee Level: Distribution Average
  • Share Class Type Institutional
  • Morningstar Category Intermediate Core Bond
  • Fixed-Income Style Box (Funds) Medium/Moderate
  • Minimum Initial Investment $100,000
  • Investment Status Open
  • TTM Yield 3.94%
  • Average Effective Duration 5.97 yrs
NAV and 1-Day Return as of

Morningstar’s Analysis MIIIX

Will MIIIX 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 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.

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

Praxis Impact Bond I 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.

by Morningstar Automated Analysis
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 14.4
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

First American Government Obligs X

2.61 31M
Cash and Equivalents

Federal Home Loan Banks 5.5%

2.39 29M
Government

Federal National Mortgage Association 5.625%

1.87 23M
Government

Federal National Mortgage Association 0.875%

1.70 20M
Government

Federal Home Loan Mortgage Corp. 2.65%

1.53 19M
Securitized

Federal Home Loan Banks 2.347%

1.28 15M
Securitized

Federal Home Loan Banks 2.361%

1.17 14M
Securitized

Federal Home Loan Mortgage Corp. 1.487%

1.15 14M
Securitized

Federal Home Loan Mortgage Corp. 1.2857%

1.12 14M
Securitized

Federal National Mortgage Association 6.625%

1.12 13M
Government

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