Praxis Value Index Fund

Strategy

  • Invests primarily in U.S. equity securities and uses optimized indexing techniques to reflect the performance of the Standard & Poor's 500 Value Index, while incorporating stewardship investing criteria.
  • Attempts to minimize risk through diversification.

Risks

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. Value-based investments are subject to the risk that the broad market may not recognize their intrinsic value. 

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 10/31/2017

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  1mon 3mon YTD 1yr 3yr 5yr 10yr Inception (May 1, 2006)
Praxis Value Index Fund - Class I 1.75% 3.78% 11.39% 20.79% 8.02% 13.39% 4.91% 5.41%
S&P 500 Value TR 1.15% 3.25% 9.74% 19.62% 8.67% 13.62% 5.58% — 

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.

For the periods indicated, the performance depicted for Class A shares uses historic performance of the Class B shares for the period from Jan. 4, 1994, to May 11, 1999, but imposes the expense structure of Class A shares. The performance depicted for Class I shares uses historic performance of the Class B shares for the period from Jan. 4, 1994, to May 11, 1999 and Class A shares for the period May 12, 1999 to April 30, 2006; but imposes the expense structure of Class I shares.

The S&P 500 Value Index TR represents the value companies (defined by book value to price ratio, earnings to price ratio, and sales to price ratio) of the S&P 500 Index, a universe of large capitalization companies in 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 10/31/2017

Sectors

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Top Holdings

Subject to change View all holdings
JPMORGAN CHASE & CO 4.19%
BANK OF AMERICA CORP 3.00%
CITIGROUP INC. 2.28%
AT&T INC. 2.07%
OCCIDENTAL PETRO CORP 1.98%
CISCO SYSTEMS INC 1.79%
JOHNSON & JOHNSON 1.74%
CHUBB LTD 1.64%
CONOCOPHILLIPS 1.51%
INTEL CORPORATION 1.46%

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 (formerly named Praxis Small Cap Fund) on Jan. 1, 2017. 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 (Indiana) and an M.B.A. from Indiana University. Dale is a Chartered Financial Analyst® charterholder.

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Disclosure

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