Praxis Impact Bond Fund
ObjectivesTo seek current income and to a lesser extent seek capital appreciation, while incorporating stewardship investing criteria.
- Inception date
- Minimum investment amount
- Annual expense ratio1
Net asset value
- as of 12/1/2023
- NAV change
- Invests primarily in a wide range of U.S. corporate debt securities, notes and bonds issued by agencies of the U.S. government, and mortgage-backed securities.
- Invests primarily in securities with a maximum maturity of 30 years.
- Invests primarily in securities rated within the top four rankings of one or more nationally recognized rating organizations.
- Avoids investments in U.S. Treasury bills, notes and bonds.
Bond funds will tend to experience smaller fluctuations in value than stock funds. However, investors in any bond fund should anticipate fluctuations in price, especially for longer-term issues and in environments of rising interest rates.
Making a difference
Praxis stewardship investing is a values-based approach to socially responsible investing that incorporates:
- Values-based restrictive screens and active ESG data integration
- Corporate engagement strategy
- Positive impact bond investments benefitting the climate and communities
- One percent of the fund assets committed to community development investing
Fund performance chart
as of 10/31/2023
|1mon||3mon||YTD||1yr||3yr||5yr||10yr||Inception (May 1, 2006)|
Praxis Impact Bond Fund - Class I
(without sales charge)
|Praxis Impact Bond Fund - Class I
(with sales charge)
|Bloomberg U.S. Aggregate Bond Index||-1.58%||-4.69%||-2.77%||0.36%||-5.57%||-0.06%||0.88%||—|
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.
Bloomberg U.S. Aggregate Bond Index is an index of widely held fixed-income securities often used as a proxy for the bond market. It is comprised of the U.S. Treasury and U.S. agency bonds, mortgage-backed bonds, and higher-grade corporate bonds. Indexes are unmanaged, do not incur fees, and it is not possible to invest directly in an index.
as of 10/31/2023
Top HoldingsSubject to change View all holdings
|FHLB 5.5% 07/15/36||2.49%|
|FNMA .875% 8/05/2030||1.96%|
|FNMA 5.625% 7/15/37||1.92%|
|FNMA 6.625% 11/15/30||1.81%|
|FHLB 3.25% 11/16/28||1.58%|
|FN MA4306 2.5 04/01/2051||1.56%|
|FEDHOMEBNK 4.25% 12/10/27||1.40%|
|FHLMC 4% 10/01/52||1.29%|
|FNMA UMBS 5.00% 04/01/53||1.28%|
|FNMA 2% 8/01/2051||1.25%|
Positive impact bonds diversification
About 36% percent of the Praxis Impact Bond Fund assets are in positive impact bonds as of Sept. 30, 2023.
See the top sectors of positive impact bonds in the portfolio.
Download the current Real Impact Quarterly (PDF) to read more about real impact.
Investments are subject to market fluctuations, may lose value, are subject to change, and are not subject to any company or government guarantees.
*Community Impact Other: includes education, philanthropy, women-impact investments and more.