MIIIX

About MIIIX

Praxis Impact Bond Fund Class I is an open-end mutual fund focused on generating current income, with capital appreciation as a secondary aim. The fund primarily invests in investment-grade fixed income securities, such as corporate bonds, government agency obligations, mortgage-backed, and asset-backed securities. Its strategy emphasizes a stewardship investing approach, incorporating proprietary values-based screens and active environmental, social, and governance (ESG) data integration to align investments with specific ethical and impact objectives. At least 80% of assets are typically allocated to fixed income securities, and the fund seeks to avoid exposure to companies deemed inconsistent with its stewardship values. Designed to maintain a dollar-weighted average maturity of three to ten years, the portfolio mirrors the sector allocation of the Bloomberg U.S. Aggregate Bond Index with selective overweighting or underweighting based on relative sector value. Praxis Impact Bond Fund Class I is notable for its focus on bonds with direct positive implications for climate and communities, making it a distinctive choice within sustainable and impact-oriented fixed income investing. The fund typically requires a minimum investment and is aimed at investors seeking stable income alongside ethical alignment.