Genesis Balanced Portfolio
Objectives
To seek long-term capital appreciation and growth of income. To a lesser extent, it seeks current income.Basics
- Inception date
- 12/31/2009
- Symbol
- MBAPX
- CUSIP
- 74006E876
- Minimum investment amount1
- $1,000
- Annual expense ratio2
- .94%
- Sales charge
- 5.25%
Net asset value
- as of 11/20/2024
- $16.22
- NAV change
- -0.12%
Literature
Quarterly fact sheet (PDF)
Real Impact Quarterly (PDF)
SEC N-PX Filing
Strategy
The Genesis Portfolios are considered a “fund of funds"3. This is an investment approach that uses a strategy of holding a group of funds rather than investing directly in individual stocks, bonds, or other securities. The Genesis Portfolios will invest in a combination of the other Praxis Mutual Funds to achieve the investment objective of the Portfolios. The Portfolios will purchase the Class I shares of each fund. Class I shares are our lowest cost share class. The investment managers may also invest up to 10% of each portfolio in non-Praxis mutual funds or exchange traded funds4 to gain exposure to unique investment characteristics not available in the underlying Praxis funds and whose screening criteria may differ from the Everence core stewardship investing guidelines.
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 10/31/2024
| 1mon | 3mon | YTD | 1yr | 3yr | 5yr | 10yr | Inception (Dec 31, 2009) | |
|---|---|---|---|---|---|---|---|---|
|
Praxis Genesis Balanced Portfolio
(without sales charge) |
-2.49% | 0.60% | 8.68% | 22.34% | 1.80% | 6.35% | 5.88% | 6.66% |
| Praxis Genesis Balanced Portfolio (with sales charge) |
-7.60% | -4.66% | 2.99% | 15.95% | -0.02% | 5.22% | 5.32% | 6.27% |
| S&P Target Risk Growth Index (TR) | -2.24% | 1.53% | 10.28% | 23.33% | 2.90% | 6.78% | 6.40% | — |
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 value will fluctuate so that an investor’s shares, when redeemed may be worth more or less than the original cost.
S&P Target Risk Growth Index seeks to provide increased exposure to equities, while using fixed income to dampen risk. The series is comprised of four multi-asset class indices. The index is comprised exclusively of exchange traded funds.
Fund holdings
as of 10/31/2024
Sectors
Top Holdings
View all holdings → Subject to change| PRAXIS IMPACT BOND - I | 39.33% |
| PRAXIS INTL INDEX - I | 18.04% |
| PRAXIS VALUE INDEX - I | 16.34% |
| PRAXIS GROWTH INDEX - I | 15.88% |
| PRAXIS SMALL CAP INDEX- I | 10.41% |
| FIRST AM GOVT OB FB | 0.00% |
Management
Benjamin J. Bailey, CFA®
Benjamin Bailey joined Everence in 2000 and was named co-portfolio manager of the Praxis Impact Bond Fund in March 2005, and co-manager of the Praxis Genesis Portfolios in June 2013. In 2015, he was named senior fixed income investment manager, providing leadership to the fixed income team and oversight to external sub-advisory relationships. In 2017, Benjamin was named Vice President of Investments, providing leadership to the investment management team. He is a 2000 graduate of Huntington College in business-economics. Benjamin is a CFA® charterholder.
Benjamin on positive impact investments (video)
Benjamin's biography (PDF)
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)
Disclosure
1 A $25 annual fee applies to accounts under $5,000.
2 Reflects the expense ratio as reported in the prospectus dated April 29, 2024. The Genesis Portfolios invest primarily in other Praxis Funds and is a shareholder of those underlying Funds. The underlying Funds do not charge the Portfolio any sales charge for buying or selling shares. The annual expense charge includes both the Portfolio's direct operating expenses and the indirect expenses of the underlying Funds in which the Portfolio was invested. See the current prospectus for additional information on expenses.
3 Because each fund in the Genesis Portfolios is a "fund of funds," the cost of investing in a fund may be higher than the cost of investing directly in the shares of the underlying funds in which they invest. Each fund will bear its share of fees and expenses of the underlying funds in addition to indirectly bearing the principal risks of those funds.
4 Exchange traded funds (ETFs) involve additional risks such as the market price trading at a discount to its net asset value, an active secondary trading market may not develop or be maintained, or trading may be halted by the exchange in which they trade, which may impact a fund's ability to sell its shares.