Praxis Small Cap Index Fund

Objectives

To seek capital appreciation through a portfolio of equity securities that seeks to reflect the performance of the U.S. small capitalization equities market, while incorporating stewardship investing criteria.

Basics

Inception date
5/1/2007
Symbol
MMSCX
CUSIP
74006E793
Minimum investment amount1
$2,500
Gross expense ratio2
1.11%
Net expense ratio3
1.14%
Sales charge
5.25%

Net asset value

as of 3/1/2024
$9.97
NAV change
0.50%

Literature

Prospectus, annual report, SAI (PDF | )
Quarterly fact sheet (PDF)
Real Impact Quarterly (PDF)

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 01/31/2024

Loading...
  1mon 3mon YTD 1yr 3yr 5yr 10yr Inception (May 1, 2007)
Praxis Small Cap Index Fund - Class A
(without sales charge)
-4.00% 17.16% -4.00% 1.97% 1.32% 6.46% 4.66% 5.19%
Praxis Small Cap Index Fund - Class A
(with sales charge)
-9.01% 10.98% -9.01% -3.42% -0.49% 5.32% 4.10% 4.86%
S&P 600 Index TR -3.95% 17.30% -3.95% 1.81% 3.72% 7.93% 8.65% — 

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.

Fund holdings

as of 01/31/2024

Sectors

Loading...

Top Holdings

View all holdings →
Subject to change
ABERCROMBIE & FITCH CO-A 0.87%
FABRINET 0.78%
ANDERSONS INC. (THE) 0.70%
INSIGHT ENTERPRISES 0.69%
APPLIED INDUSTRIAL TECH 0.67%
CVR ENERGY INC. 0.67%
CYTOKINETICS INC. 0.67%
AAON INC. 0.66%
BRISTOW GROUP INC 0.65%
SPS COMMERCE INC 0.65%

Management

Dale Snyder, CFA, Portfolio Manager of Praxis Growth Index Fund, Praxis Value Index Fund, Praxis Small Cap Index Fund | Praxis Mutual Funds

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, and became co-portfolio manager of the Praxis Genesis Portfolios in May 2018. 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)

Stories of impact

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

Disclosure

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

2 Reflects the expense ratio as reported in the Prospectus dated May 1, 2023.

Reflects the expense ratios as reported in the Prospectus dated May 1, 2023. The Advisor has entered into a contractual expense limitation agreement until April 30, 2024.