Praxis Small Cap Index Fund

Strategy

  • Invests primarily in U.S equity securities and uses optimized indexing techniques to reflect the performance of the S&P SmallCap 600 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.

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 11/30/2017

Loading...
  1mon 3mon YTD 1yr 3yr 5yr 10yr Inception (May 1, 2007)
Praxis Small Cap Index Fund - Class A
(without sales charge)
3.37% 11.75% 11.17% 12.42% 5.20% 8.69% 5.98% 5.15%
Praxis Small Cap Index Fund - Class A
(with sales charge)
-2.09% 5.91% 5.29% 6.52% 3.34% 7.53% 5.41% 4.62%
S&P 600 Index TR 3.52% 12.56% 13.83% 17.66% 13.25% 16.87% 10.40% — 
Russell 2000 Total Return 2.88% 10.23% 15.11% 18.34% 11.14% 15.02% 8.75% — 

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 S&P SmallCap 600 Index measures primarily the small-cap segment of the U.S. equity market. Indexes are unmanaged, do not incur fees, and it is not possible to invest directly in an index. Effective Jan. 1, 2017, the Fund changed its primary benchmark from the Russell 2000 Index.

The Russell 2000 Index is an unmanaged index consisting of the 2,000 smallest of the 3,000 largest stocks. Returns are adjusted for the reinvestment of capital gains distributions and income dividends.You cannot invest directly in an index.

Fund holdings

as of 10/31/2017

Sectors

Loading...

Top Holdings

Subject to change View all holdings
MKS INSTRUMENTS INC. 0.85%
ICU MEDICAL INC 0.71%
LUMENTUM HOLDINGS INC. 0.56%
ALLETE INC. 0.55%
SPIRE INC. 0.54%
INGEVITY CORP 0.53%
CALVERT FND 1.0% 06/15/18 0.52%
WD-40 CO 0.52%
INTERACTIVE BROKERS GRP 0.51%
AVISTA CORP 0.50%

Management

Dale Snyder
Dale Snyder, CFA®
Dale Snyder has been a portfolio manager of the Praxis Value Index Fund and the Praxis Growth Index Fund since June 17, 2013, and added the Praxis Small Cap Index Fund on Jan 1, 2017. He joined Everence in 1999 and has served as an equity analyst, fund research analyst 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 (Ind.) and an M.B.A. from Indiana University. 

Stories

Making a difference

See more

Disclosure

Effective Jan. 1, 2017, the Small Cap Fund underwent a strategy change from an actively managed small cap fund to a passively managed fund, named Small Cap Index Fund. Additionally, it is no longer being sub-advised by Luther King Capital.

1 A $25 annual fee applies to accounts under $5,000.

2 Reflects the expense ratio as reported in the Prospectus dated April 30, 2017.

Reflects the expense ratios as reported in the Prospectus dated April 30, 2017. The Advisor has entered into a contractual expense limitation agreement until April 30, 2018.