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
- 1.12%
- Net expense ratio3
- 1.12%
- Sales charge
- 5.25%
Net asset value
- as of 11/20/2024
- $11.23
- NAV change
- 0.18%
Literature
Real Impact Quarterly (PDF)
SEC N-PX Filing
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 10/31/2024
| 1mon | 3mon | YTD | 1yr | 3yr | 5yr | 10yr | Inception (May 1, 2007) | |
|---|---|---|---|---|---|---|---|---|
|
Praxis Small Cap Index Fund - Class A
(without sales charge) |
-3.11% | -4.07% | 6.11% | 29.49% | 0.13% | 7.71% | 5.83% | 5.57% |
| Praxis Small Cap Index Fund - Class A (with sales charge) |
-8.23% | -9.09% | 0.57% | 22.66% | -1.64% | 6.56% | 5.27% | 5.25% |
| S&P SmallCap 600 Index | -2.64% | -3.22% | 6.45% | 30.00% | 1.92% | 9.20% | 9.01% | — |
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 10/31/2024
Sectors
Top Holdings
View all holdings → Subject to change| MUELLER INDUSTRIES INC | 0.77% |
| SL GREEN REALTY CORP | 0.73% |
| SM ENERGY COMPANY | 0.73% |
| BADGER METER INC | 0.66% |
| BRISTOW GROUP INC | 0.66% |
| CARPENTER TECHNOLOGY | 0.65% |
| SPX TECHNOLOGIES INC. | 0.63% |
| MR COOPER GROUP INC. | 0.62% |
| GROUP 1 AUTOMOTIVE | 0.61% |
| MERITAGE HOMES CORP | 0.61% |
Management
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
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.
3 Reflects the expense ratios as reported in the Prospectus dated April 29, 2024. The Advisor has entered into a contractual expense limitation agreement until April 30, 2025.