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Praxis Small Cap Index Fund
MMSIX (Mutual Fund)
Praxis Small Cap Index Fund
Name
As of 12/10/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
16.0%
1 yr return
24.6%
3 Yr Avg Return
3.2%
5 Yr Avg Return
9.4%
Net Assets
$182 M
Holdings in Top 10
25.2%
52 WEEK LOW AND HIGH
$13.0
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.44%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 40.95%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$100,000
IRA
$100,000
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/10/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
MMSIX - Profile
Distributions
- YTD Total Return 16.0%
- 3 Yr Annualized Total Return 3.2%
- 5 Yr Annualized Total Return 9.4%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.83%
- Dividend Yield 1.1%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NamePraxis Small Cap Index Fund
-
Fund Family NamePraxis Mutual Funds
-
Inception DateOct 01, 2012
-
Shares OutstandingN/A
-
Share ClassI
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerDale Snyder
Fund Description
The Fund invests primarily in U.S. equity securities and seeks to reflect the performance of the U.S. small capitalization equities market, as measured by the S&P SmallCap 6001 Index, its benchmark index. Under normal circumstances, the Fund invests at least 80 percent of the value of its assets in securities of, and investments related to, issuers in the Fund’s benchmark index. Typically, the Fund invests substantially more than 80 percent of the value of its assets in securities of issuers in its benchmark index. The Fund seeks to invest in companies aligned with the Stewardship Investing core values, as discussed below. In addition, the Adviser uses optimization techniques, including ESG factors, to select securities according to their contribution to the Fund’s overall objective, while seeking to replicate the characteristics of the index, including risk and return characteristics. The Adviser determines whether to sell an investment based upon its assessment of the relative costs and benefits of continuing to hold an investment versus replacing it with other available investments, in light of the Fund’s investment objective, strategy and the characteristics of the overall portfolio. The Adviser determines whether to sell an investment based upon its assessment of the relative costs and benefits of continuing to hold an investment versus replacing it with other available investments, in light of the Fund’s investment objective, strategy and the characteristics of the overall portfolio.
| Stewardship Investing The Fund also analyzes potential investments for their ability to reflect certain core social values including: ● Respecting the dignity and value of all people ● Building a world at peace and free from violence ● Demonstrating a concern for justice in a global society ● Exhibiting responsible management practices ● Supporting and involving communities ● Practicing environmental stewardship |
MMSIX - Performance
Return Ranking - Trailing
| Period | MMSIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 16.0% | -1.0% | 40.8% | 64.95% |
| 1 Yr | 24.6% | 0.0% | 51.3% | 56.00% |
| 3 Yr | 3.2%* | -11.6% | 45.9% | 84.97% |
| 5 Yr | 9.4%* | -12.1% | 35.2% | 63.86% |
| 10 Yr | 7.4%* | -2.6% | 18.7% | 81.34% |
* Annualized
Return Ranking - Calendar
| Period | MMSIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 15.2% | -19.9% | 29.0% | 38.62% |
| 2022 | -20.5% | -59.3% | 118.2% | 46.35% |
| 2021 | 14.8% | -31.6% | 39.3% | 30.27% |
| 2020 | 9.7% | -51.0% | 39.5% | 55.11% |
| 2019 | 18.8% | -5.6% | 37.8% | 64.02% |
Total Return Ranking - Trailing
| Period | MMSIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 16.0% | -1.0% | 40.8% | 64.95% |
| 1 Yr | 24.6% | 0.0% | 51.3% | 56.00% |
| 3 Yr | 3.2%* | -11.6% | 45.9% | 84.97% |
| 5 Yr | 9.4%* | -12.1% | 35.2% | 63.86% |
| 10 Yr | 7.4%* | -2.6% | 18.7% | 81.34% |
* Annualized
Total Return Ranking - Calendar
| Period | MMSIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 16.7% | -11.7% | 31.8% | 45.89% |
| 2022 | -19.6% | -45.2% | 123.7% | 74.42% |
| 2021 | 26.3% | 0.0% | 45.6% | 30.86% |
| 2020 | 11.0% | -50.5% | 46.9% | 61.12% |
| 2019 | 22.8% | 2.2% | 40.9% | 69.67% |
NAV & Total Return History
MMSIX - Holdings
Concentration Analysis
| MMSIX | Category Low | Category High | MMSIX % Rank | |
|---|---|---|---|---|
| Net Assets | 182 M | 555 K | 145 B | 74.52% |
| Number of Holdings | 485 | 2 | 2445 | 29.28% |
| Net Assets in Top 10 | 47.4 M | 124 K | 10.3 B | 67.11% |
| Weighting of Top 10 | 25.23% | 3.1% | 100.1% | 25.19% |
Top 10 Holdings
- Mount Vernon Liquid Assets Portfolio, LLC Lending Portfolio I 19.12%
- ATI, Inc. 0.72%
- Badger Meter, Inc. 0.69%
- SPX Technologies, Inc. 0.68%
- Insight Enterprises, Inc. 0.68%
- SM Energy Company 0.67%
- Mueller Industries, Inc. 0.67%
- Carpenter Technology Corporation 0.67%
- Meritage Homes Corporation 0.67%
- Bristow Group, Inc. 0.66%
Asset Allocation
| Weighting | Return Low | Return High | MMSIX % Rank | |
|---|---|---|---|---|
| Stocks | 98.90% | 4.44% | 107.74% | 35.17% |
| Cash | 19.28% | 0.00% | 27.02% | 1.52% |
| Bonds | 0.80% | 0.00% | 102.81% | 3.23% |
| Preferred Stocks | 0.00% | 0.00% | 5.13% | 73.76% |
| Other | 0.00% | -0.07% | 49.08% | 86.50% |
| Convertible Bonds | 0.00% | 0.00% | 3.17% | 74.10% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | MMSIX % Rank | |
|---|---|---|---|---|
| Financial Services | 16.03% | 0.00% | 35.52% | 41.15% |
| Industrials | 15.58% | 2.46% | 37.42% | 61.15% |
| Technology | 14.63% | 0.00% | 43.95% | 41.92% |
| Consumer Cyclical | 13.21% | 0.99% | 47.79% | 19.81% |
| Healthcare | 11.30% | 0.00% | 26.53% | 67.50% |
| Real Estate | 9.70% | 0.00% | 29.43% | 15.38% |
| Consumer Defense | 5.50% | 0.00% | 18.87% | 16.54% |
| Basic Materials | 5.41% | 0.00% | 18.66% | 38.65% |
| Communication Services | 3.56% | 0.00% | 14.85% | 29.04% |
| Utilities | 3.38% | 0.00% | 18.58% | 24.62% |
| Energy | 1.71% | 0.00% | 37.72% | 86.73% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | MMSIX % Rank | |
|---|---|---|---|---|
| US | 98.90% | 2.58% | 107.74% | 30.23% |
| Non US | 0.00% | 0.00% | 97.07% | 77.38% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | MMSIX % Rank | |
|---|---|---|---|---|
| Corporate | 67.01% | 0.00% | 100.00% | 1.20% |
| Cash & Equivalents | 19.28% | 0.00% | 100.00% | 3.04% |
| Derivative | 0.00% | -0.07% | 9.34% | 81.94% |
| Securitized | 0.00% | 0.00% | 8.22% | 72.60% |
| Municipal | 0.00% | 0.00% | 0.15% | 72.40% |
| Government | 0.00% | 0.00% | 38.56% | 72.80% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | MMSIX % Rank | |
|---|---|---|---|---|
| US | 0.80% | 0.00% | 89.10% | 3.23% |
| Non US | 0.00% | 0.00% | 13.72% | 73.38% |
MMSIX - Expenses
Operational Fees
| MMSIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.44% | 0.01% | 38.30% | 85.11% |
| Management Fee | 0.30% | 0.00% | 1.50% | 15.84% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.01% | 0.45% | N/A |
Sales Fees
| MMSIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 3.50% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| MMSIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 2.00% | 58.33% |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| MMSIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 40.95% | 1.00% | 314.00% | 44.37% |
MMSIX - Distributions
Dividend Yield Analysis
| MMSIX | Category Low | Category High | MMSIX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 1.12% | 0.00% | 42.47% | 40.49% |
Dividend Distribution Analysis
| MMSIX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | SemiAnnual | Annual |
Net Income Ratio Analysis
| MMSIX | Category Low | Category High | MMSIX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 0.83% | -2.40% | 2.49% | 19.04% |
Capital Gain Distribution Analysis
| MMSIX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 28, 2023 | $0.145 | OrdinaryDividend |
| Dec 29, 2022 | $0.013 | OrdinaryDividend |
| Dec 16, 2022 | $0.091 | CapitalGainLongTerm |
| Dec 15, 2021 | $0.528 | CapitalGainShortTerm |
| Dec 15, 2021 | $0.671 | CapitalGainLongTerm |
| Dec 30, 2020 | $0.084 | OrdinaryDividend |
| Dec 16, 2020 | $0.043 | OrdinaryDividend |
| Dec 30, 2019 | $0.089 | OrdinaryDividend |
| Dec 16, 2019 | $0.031 | CapitalGainShortTerm |
| Dec 16, 2019 | $0.146 | CapitalGainLongTerm |
| Dec 31, 2018 | $0.046 | OrdinaryDividend |
| Dec 14, 2018 | $0.099 | CapitalGainShortTerm |
| Dec 14, 2018 | $0.372 | CapitalGainLongTerm |
| Dec 29, 2017 | $0.078 | OrdinaryDividend |
| Dec 28, 2017 | $0.750 | CapitalGainShortTerm |
| Dec 28, 2017 | $1.339 | CapitalGainLongTerm |
| Dec 28, 2016 | $0.554 | CapitalGainLongTerm |
| Dec 28, 2015 | $1.539 | CapitalGainLongTerm |
| Dec 26, 2014 | $1.765 | CapitalGainLongTerm |
| Dec 30, 2013 | $0.004 | OrdinaryDividend |
| Dec 26, 2013 | $1.454 | CapitalGainLongTerm |
| Dec 26, 2012 | $0.151 | CapitalGainLongTerm |
MMSIX - Fund Manager Analysis
Managers
Dale Snyder
Start Date
Tenure
Tenure Rank
Jan 01, 2017
5.41
5.4%
Dale Snyder, CFA® . Dale Snyder has been a portfolio manager since 2013. He joined Everence in 1999 as an equity analyst. Dale holds a BA in Business (minor in Economics) from Goshen (Ind.) College and a MBA from Indiana University. Dale is a CFA charterholder.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 49.61 | 7.17 | 2.58 |
