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Praxis Value Index Fund
Objectives
To seek capital appreciation.Basics
- Inception date
- 5/1/2006
- Symbol
- MVIIX
- CUSIP
- 74006E785
- Minimum investment amount
- $100,000
- Annual expense ratio1
- 0.37%
Net asset value
- as of 3/12/2025
- $17.37
- NAV change
- -0.52%
Literature
Prospectus, annual report, SAI (PDF |
)
Quarterly fact sheet (PDF)Real Impact Quarterly (PDF)
SEC N-PX Filing
Strategy
- Invests in a portfolio of stocks intended to parallel the investment performance of the U.S. large-cap, value-style equities market.
- Uses optimized indexing techniques to approximate the performance of the CRSP US Large Cap Value Index, while incorporating stewardship investing criteria.
- Attempts to minimize risk through diversification.
Risks
Equity securities (stocks) are more volatile and carry more risk than other forms of investments, including investments in high-grade fixed income securities. The net asset value per share of this fund will fluctuate as the value of the securities in the portfolio changes. Common stocks, and funds investing in common stocks, generally provide greater return potential when compared with other types of investments. Value-based investments are subject to the risk that the broad market may not recognize their intrinsic value.
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, 2006) | |
|---|---|---|---|---|---|---|---|---|
|
Praxis Value Index Fund - Class I
(without sales charge) |
1.10% | -1.04% | 5.34% | 13.34% | 10.89% | 13.70% | 10.16% | 7.59% |
| Praxis Value Index Fund - Class I (with sales charge) |
1.10% | -1.04% | 5.34% | 13.34% | 10.89% | 13.70% | 10.16% | 7.59% |
| CRSP US Large Cap Value Index TR USD | 0.79% | -1.42% | 5.22% | 17.00% | 10.10% | 13.96% | 10.46% | — |
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.
For the periods indicated, the performance depicted for Class A shares uses historic performance of the Class B shares for the period from Jan. 4, 1994, to May 11, 1999, but imposes the expense structure of Class A shares. The performance depicted for Class I shares uses historic performance of the Class B shares for the period from Jan. 4, 1994, to May 11, 1999 and Class A shares for the period May 12, 1999 to April 30, 2006; but imposes the expense structure of Class I shares.
Benchmark: S&P 500 Value Index through December 22, 2024; and CRSP US Large Cap Value Index thereafter. The S&P 500® Value Index measures constituents from the S&P 500 that are classified as value stocks based on three factors: the ratios of book value, earnings and sales to price. CRSP US Large Cap Value Index represents the Value Style for companies covering top 85% of cumulative capitalization of CRSP US Total Market. Indexes are unmanaged, do not incur fees and it is not possible to invest directly in an index.
Fund holdings
as of 01/31/2025
Sectors
Top Holdings
View all holdings → Subject to change| JPMORGAN CHASE & CO | 3.81% |
| BROADCOM INC | 2.45% |
| WALMART INC | 2.22% |
| PROCTER AND GAMBLE CO. | 2.07% |
| JOHNSON & JOHNSON | 1.97% |
| HOME DEPOT INC. (THE) | 1.81% |
| ABBVIE INC. | 1.67% |
| BANK OF AMERICA CORP | 1.64% |
| MERCK & CO. INC. | 1.29% |
| ORACLE CORPORATION | 1.26% |
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 Reflects the expense ratio as reported in the Prospectus dated April 29, 2024.
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.