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
MPLIX
CUSIP
74006E702
Minimum investment amount
$100,000
Annual expense ratio1
0.61%
Net asset value
as of 10/15/2021
$13.91
NAV change
0.80%
Literature
Prospectus, annual report, SAI (PDF | )
Quarterly fact sheet (PDF)

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 08/31/2021

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  1mon 3mon YTD 1yr 3yr 5yr 10yr Inception (Dec 31, 2010)
Praxis International Index - Class I
(without sales charge)
1.67% -0.92% 8.94% 25.26% 9.70% 9.80% 6.50% 5.13%
Praxis International Index - Class I
(with sales charge)
1.67% -0.92% 8.94% 25.26% 9.70% 9.80% 6.50% 5.13%
MSCI AC WORLD INDEX ex USA Net (USD) 1.90% -0.43% 9.40% 24.87% 9.37% 9.92% 6.57% — 

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 08/31/2021

Sectors

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Top Holdings

Subject to change View all holdings
TAIWAN SEMICONDUCTOR ADR 2.82%
ASML HOLDING N.V. 1.47%
TENCENT HOLDINGS LTD. 1.43%
SAMSUNG ELECTRONICS 1.35%
NESTLE SA - SPONS ADR 1.21%
ALIBABA GRP HLDG - ADR 1.18%
ROCHE HOLDING AG - ADR 1.09%
FIRST AM GOVT OB FB 1.02%
CHUNGHWA TELECOM CO LTD 0.98%
EQUINOR ASA SPON ADR 0.90%

Management

Michael Branch, CFA, Senior Portfolio Manager Manager of Portfolio Research Aperio Group, Co-portfolio Manager of Praxis International Index Fund
Michael Branch, CFA
Michael Branch is a senior portfolio manager and manager of portfolio research at Aperio Group. Michael is responsible for leading the research efforts that support the implementation and enhancement of existing strategies as well as new strategy development. He received his bachelor’s degree in finance from the University of Arizona, holds the chartered financial analyst designation and is a member of the CFA Society of San Francisco.
Annie Tan, Portfolio Manager, Aperio Group  Co-portfolio Manager of Praxis International Index Fund
 Annie Tan
Annie Tan is a portfolio manager at Aperio Group, where she supervises and manages Aperio’s ESG/SRI portfolio management efforts. She also provides analytical support in the research, portfolio management, and trading of client portfolios. Prior to joining Aperio, Annie was an investment analyst at Dragon Financial Group. She received her Bachelor of Arts in Economics from the University of California, Davis and her Master of Science in financial analysis from the University of San Francisco.
Brian Ko, Lead Portfolio Manager, Aperio Group  Co-portfolio Manager of Praxis International Index Fund
Brian Ko
Brian Ko is a lead portfolio manager at Aperio and shares primary responsibility for managing the portfolio analysis efforts of the firm. Brian also provides analytical support in the research, management, and trading of client portfolios. Prior to joining Aperio, he was a senior client operations associate at Lateef Investment Management, LP. Brian was also a fund accounting manager with State Street Bank and Trust Company. He received a Bachelor of Science in managerial Economics from the University of California, Davis, and a Master of Science in financial analysis from Saint Mary’s College of California.

Stories of impact

Stay up to date with stories about Praxis shareholder advocacy, community development investing, positive impact bonds and more.

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Disclosure

1 Reflects the expense ratios as reported in the Prospectus dated April 30, 2021.

Aperio Group, LLC focuses solely on index investing, creating and managing customized portfolios for select clients.