Praxis International Index Fund
Objectives
To seek capital appreciation through a portfolio of equity securities that seeks to reflect the performance of both foreign developed and emerging equity markets, while incorporating stewardship investing criteria.Basics
- Inception date
- 12/31/2010
- Symbol
- MPLAX
- CUSIP
- 74006E801
- Minimum investment amount1
- $2,500
- Annual expense ratio2
- 1.20%
- Sales charge
- 5.25%
Net asset value
- as of 3/20/2023
- $11.28
- NAV change
- 0.98%
Literature
Strategy
- Invests primarily in foreign equity securities and uses optimized indexing techniques to reflect the performance of the MSCI All Country World ex-U.S. Index, while incorporating stewardship investing criteria.
- Attempts to minimize risk through broad diversification among foreign countries and industries.
Risks
An investment in this Fund entails the special risks of international investing, including currency exchange fluctuation, government regulations, and the potential for political and economic instability. The Fund’s share price is expected to be more volatile than that of a U.S.-only fund. 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.
Making a difference
Praxis stewardship investing is a values-based approach to socially responsible investing that incorporates:
- Values and ESG-informed restrictive screens
- Corporate engagement strategy
- Values-driven proxy voting policy
- One percent of the fund assets committed to community development investing
Fund performance chart
as of 02/28/2023
| 1mon | 3mon | YTD | 1yr | 3yr | 5yr | 10yr | Inception (Dec 31, 2010) | |
|---|---|---|---|---|---|---|---|---|
|
Praxis International Index - Class A
(without sales charge) |
-4.17% | 1.48% | 3.88% | -8.25% | 4.82% | 1.02% | 3.29% | 2.57% |
| Praxis International Index - Class A (with sales charge) |
-9.16% | -3.87% | -1.54% | -13.10% | 2.94% | -0.06% | 2.74% | 2.12% |
| MSCI AC WORLD INDEX ex USA Net (USD) | -3.51% | 3.54% | 4.32% | -7.19% | 5.27% | 1.62% | 3.94% | — |
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.
The MSCI ACWI (All Country World) ex U.S. Index is a free float-adjusted market capitalization weighted index that is designed to measure the equity market performance of developed and emerging markets, excluding the United States. The index consists of 44 country indices comprising 23 developed and 21 emerging market country indices. Indexes are unmanaged, do not incur fees and cannot be invested in directly.
Fund holdings
as of 02/28/2023
Sectors
Top Holdings
Subject to change View all holdings| TAIWAN SEMICONDUCTOR ADR | 2.59% |
| SAMSUNG ELECTRONICS | 1.45% |
| ICICI BANK LTD | 1.43% |
| EQUINOR ASA SPON ADR | 1.37% |
| CHUNGHWA TELECOM CO LTD | 1.29% |
| TENCENT HOLDINGS LTD. | 1.26% |
| NOVO NORDISK A/S ADR | 1.19% |
| ASML HOLDING N.V. | 1.15% |
| INFOSYS LTD ADR | 1.07% |
| NESTLE SA - SPONS ADR | 1.01% |
Management
Michael Branch, CFA®
Annie Tan
Brian Ko
Stories of impact
Disclosure
1 A $25 annual fee applies to accounts under $5,000.
2 Reflects the expense ratios as reported in the Prospectus dated April 30, 2022.
Aperio Group, LLC focuses solely on index investing, creating and managing customized portfolios for select clients.