Investment objective & strategy
As of April 30, 2025 · prospectusObjective. The Praxis Small Cap Index Fund seeks to maximize long-term capital appreciation.
Strategy. 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 CRSP U.S. Small Cap 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 Funds 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 Praxis Stewardship Investing core values The Adviser does this by applying proprietary screens that reflect the Praxis Stewardship Investing core values. In addition, the Adviser … 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 CRSP U.S. Small Cap 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 Funds 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 Praxis Stewardship Investing core values The Adviser does this by applying proprietary screens that reflect the Praxis Stewardship Investing core values. In addition, the Adviser uses optimization techniques to select securities according to their contribution to the Funds 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 Funds 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 Funds investment objective, strategy and the characteristics of the overall portfolio. Praxis Stewardship Investing Core Values Through various impact strategies, the Fund seeks to support the following core values: ? 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 Additional information on Praxis Stewardship Investing philosophy, core values, screens and other ImpactX strategies can be found in the Investment Objectives, Principal Investment Strategies and Related Risks section beginning on page 34 of the Funds prospectus.
Top holdings
As of March 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| US ULTRA BOND CBT Sep25 | — | $14.61M | 7.23% |
| TECHNIPFMC PLC | — | $968.44K | 0.48% |
| COMFORT SYSTEMS USA INC | — | $921.17K | 0.46% |
| EMCOR GROUP INC | — | $915.50K | 0.45% |
| NRG ENERGY INC | — | $905.92K | 0.45% |
| FRANKLIN RESOURCES INC | — | $901.06K | 0.45% |
| CIENA CORP | — | $877.79K | 0.43% |
| DOW INC | — | $863.20K | 0.43% |
| SPX TECHNOLOGIES INC | — | $860.14K | 0.43% |
| FTAI AVIATION LT | — | $858.72K | 0.43% |
Portfolio moves
Dec 31, 2025 → Mar 31, 2026How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.
Similar funds
Funds whose portfolios most overlap this one, by weight| Fund | Overlap | Net exp. |
|---|---|---|
| VANGUARD SMALL-CAP INDEX FUND · NAESX, VSMAX, VSCIX, VB, VSCPX | 69% | 0.02% |
| VANGUARD EXTENDED MARKET INDEX FUND · VEXMX, VEXAX, VIEIX, VXF, VEMPX, VSEMX | 51% | 0.02% |
| Victory Extended Market Index Fund · USMIX | 51% | 0.35% |
Advisers
| Firm | Role |
|---|---|
| Everence Capital Management, Inc. | Adviser |
Footnotes
- Expense ratio as of April 30, 2025, from the fund's prospectus.
- Net assets and holdings count as of March 31, 2026, from the fund's N-PORT filing.
- Total return for calendar year 2025, before tax and after fund expenses. Computed by compounding the twelve monthly total returns the fund reported in its SEC N-PORT filings for 2025 (the latest prospectus does not yet chart this year).
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