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
- MMSIX
- CUSIP
- 74006E827
- Minimum investment amount
- $100,000
- Annual expense ratio1
- 0.43%
Net asset value
- as of 12/1/2023
- $10.29
- NAV change
- 2.90%
Literature
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 10/31/2023
| 1mon | 3mon | YTD | 1yr | 3yr | 5yr | 10yr | Inception (May 1, 2007) | |
|---|---|---|---|---|---|---|---|---|
|
Praxis Small Cap Index Fund - Class I
(without sales charge) |
-5.52% | -14.90% | -4.44% | -7.34% | 7.66% | 3.41% | 3.91% | 4.86% |
| Praxis Small Cap Index Fund - Class I (with sales charge) |
-5.52% | -14.90% | -4.44% | -7.34% | 7.66% | 3.41% | 3.91% | 4.86% |
| S&P 600 Index TR | -5.74% | -15.06% | -4.97% | -7.65% | 8.98% | 4.28% | 7.13% | — |
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 10/31/2023
Sectors
Top Holdings
Subject to change View all holdings| ANDERSONS INC. (THE) | 0.77% |
| APPLIED INDUSTRIAL TECH | 0.75% |
| FABRINET | 0.73% |
| COMFORT SYSTEMS USA INC. | 0.71% |
| INSIGHT ENTERPRISES | 0.69% |
| HOSTESS BRANDS INC. | 0.68% |
| SM ENERGY COMPANY | 0.67% |
| AAON INC. | 0.66% |
| CVR ENERGY INC. | 0.66% |
| CORE LABORATORIE | 0.66% |
Management
