- What does MVIIX invest in?
- This fund primarily allocates its capital to U.S. stocks, aiming to replicate the returns of the U.S. large-cap value equity market, specifically benchmarked against the S&P 500 Value Index. Under typical market conditions, a minimum of 80% of its portfolio value will be dedicated to securities issued by or otherwise connected to the constituents of its benchmark. Furthermore, a central tenet of its investment strategy involves selecting companies that adhere to the fundamental principles of Stewardship Investing.
- What is the expense ratio of MVIIX?
- Praxis Value Index I (MVIIX) charges an expense ratio of 0.38%. This is the annual fee deducted from fund assets to cover management and operations.
- How big is MVIIX?
- Praxis Value Index I (MVIIX) manages $616.1M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.
- Is MVIIX actively managed or an index fund?
- MVIIX is a passive index fund — it tracks a published benchmark by holding the constituents in their published weights. Index funds typically charge low expense ratios (MVIIX's is 0.38%) because there's no security selection cost.
- When was MVIIX launched?
- Praxis Value Index I (MVIIX) launched in May 2006 and is managed by the fund issuer.
- How has MVIIX performed?
- MVIIX's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.
