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Praxis Small Cap Index Fund
Objectives
To seek capital appreciation.Basics
- Inception date
- 5/1/2007
- Symbol
- MMSCX
- CUSIP
- 74006E793
- Minimum investment amount1
- $2,500
- Gross expense ratio2
- 1.12%
- Net expense ratio3
- 1.12%
- Sales charge
- 5.25%
Net asset value
- as of 3/12/2025
- $9.86
- NAV change
- -0.10%
Literature
Prospectus, annual report, SAI (PDF |
)
Quarterly fact sheet (PDF)Real Impact Quarterly (PDF)
SEC N-PX Filing
Strategy
- Invests in a portfolio of equity securities that seeks to reflect the performance of the U.S. small capitalization equities market.
- Uses optimized indexing techniques to approximate the performance of the CRSP US Small Cap Index, while incorporating stewardship investing criteria.
- Attempts to minimize risk through diversification.
Risks
The Fund is also subject to small capitalization company risk. Small capitalization companies may not have the size, resources or other assets of large capitalization companies. These small capitalization companies may be more vulnerable to economic, market and competitive pressures than larger companies and therefore may respond differently to market events, and may be subject to greater market risks and fluctuations in value than larger companies. In addition, application of screens may cause the Fund to vary from the performance of its index and other small cap funds.
Real impact today
In our faith-based impact investing approach, our funds apply seven impact strategies to promote real-world change:
- Values and risk screening
- Proxy voting
- Sustainability integration
- Company engagement
- Advocacy and education
- Community investing
Fund performance chart
as of 02/28/2025
| 1mon | 3mon | YTD | 1yr | 3yr | 5yr | 10yr | Inception (May 1, 2007) | |
|---|---|---|---|---|---|---|---|---|
|
Praxis Small Cap Index Fund - Class A
(without sales charge) |
-5.04% | -9.27% | -1.31% | 7.20% | 2.23% | 9.56% | 5.40% | 5.48% |
| Praxis Small Cap Index Fund - Class A (with sales charge) |
-10.05% | -14.04% | -6.47% | 1.56% | 0.41% | 8.38% | 4.83% | 5.17% |
| CRSP US Small Cap Index TR USD | -4.84% | -8.39% | -1.13% | 9.61% | 5.74% | 11.46% | 8.56% | — |
Download the quarterly fact sheet (PDF) for standardized performance.
Past performance does not guarantee future results. The performance data quoted represents past performance and current returns may be lower or higher. The investment return and principal will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost.
Benchmark: Russell 2000 Index through Dec. 31, 2016; S&P SmallCap 600 Index through Dec. 22, 2024; and CRSP US Small Cap Index thereafter. The S&P SmallCap 600 Index measures primarily the small cap segment of the U.S. equity market. The Russell 2000 Index is an unmanaged index consisting of the 2,000 smallest of the 3,000 largest stocks. Indexes are unmanaged, do not incur fees and it is not possible to invest directly in an index. The CRSP US Small Cap Index targets inclusion of the US companies that fall between the top 85% and 98% of investable equity market capitalization.
Fund holdings
as of 01/31/2025
Sectors
Top Holdings
View all holdings → Subject to change| MURPHY USA INC. | 0.58% |
| SPX TECHNOLOGIES INC. | 0.57% |
| BADGER METER INC | 0.51% |
| SPS COMMERCE INC | 0.46% |
| LIBERTY MEDIA CORP - FRM1 | 0.45% |
| ESSENTIAL UTILITIES INC | 0.44% |
| CORVEL CORP | 0.43% |
| INSIGHT ENTERPRISES | 0.43% |
| PIPER SANDLER COS | 0.43% |
| APTIV HOLDINGS LTD | 0.43% |
Management
Dale Snyder, CFA®
Dale Snyder has been a portfolio manager of the Praxis Value Index Fund and the Praxis Growth Index Fund since June 2013, the Praxis Small Cap Index Fund since Jan. 2017, became the co-portfolio manager of the Praxis Genesis Portfolios in May 2018, and the Praxis Impact Large Cap Value ETF and Praxis Impact Large Cap Growth ETF since April 2025. He joined Everence in 1999 as an equity analyst. Dale has served as a research analyst for the Praxis Impact Bond Fund and assistant portfolio manager for both fixed income and equity separately managed portfolios. He holds a bachelor of arts in business (minor in economics) from Goshen College and an M.B.A. from Indiana University. Dale is a CFA® charterholder.
Dale on integrating Values + ESG screening (video)
Dale's biography (PDF)
Investing together, impacting the world
Disclosure
1 A $25 annual fee applies to accounts under $5,000.
2 Reflects the expense ratio as reported in the Prospectus dated April 29, 2024.
3 Reflects the expense ratios as reported in the Prospectus dated April 29, 2024. The Advisor has entered into a contractual expense limitation agreement until April 30, 2025.
You should consider the fund’s investment objectives, risks, sales charges and expenses carefully before you invest. The fund’s prospectus and summary prospectus contain this and other information. Please read them carefully before you invest.
Investment products are not FDIC insured, may lose value, and have no bank guarantee. Praxis Mutual Funds and Praxis ETFs are advised by Praxis Investment Management, Inc. and distributed through Foreside Financial Services, LLC.