Praxis Impact Bond Fund Class I MIIIX Strategy

The investment seeks current income; capital appreciation is a secondary objective. The fund invests primarily in fixed income securities. The fund invests, under normal circumstances, at least 80 percent of its assets in fixed income securities of all types. It seeks to avoid companies that are deemed inconsistent with the stewardship investing core values by applying proprietary screens that reflect the Praxis Stewardship Investing core values. The fund integrates consideration of the impact of environmental, social and governance practices into each investment decision.