Praxis Value Index I
MVIIX
NASDAQ- -
USD
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- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- USA DE United States of America
- IPO Date
- May 1, 2006
- CIK
- 0000912900
- Website
- praxisinvests.com
- Similar Companies
- Business
- Praxis Value Index Fund Class I (MVIIX) is a mutual fund managed by Praxis Investment Management, a faith-based, socially responsible investment firm that offers a family of index-tracking mutual funds, ETFs, and portfolio solutions designed to integrate investors' values with financial performance. The fund seeks capital appreciation by investing primarily in U.S. large-cap value equities, employing optimized indexing techniques to parallel the performance of the CRSP US Large Cap Value Index (previously the S&P 500 Value Index); it holds a diversified portfolio of approximately 281 stocks, with top holdings including JPMorgan Chase & Co. (4.32%), Walmart Inc. (2.27%), Procter & Gamble Co. (1.99%), Oracle Corp. (1.93%), and AbbVie Inc. (1.76%), across key sectors such as financial services (25.13%), healthcare (14.82%), industrials (11.67%), technology (10.44%), and consumer defensive (10.30%). Launched on May 1, 2006, with Class I shares featuring a net expense ratio of 0.38% and a minimum initial investment of $100,000, the fund applies Praxis' seven faith-driven impact strategies, including company engagement, shareholder advocacy, and community development investing (allocating approximately 1% of assets), while targeting faith-based advisors, institutions, churches, and individual investors seeking benchmark-level returns with real-world impact. Praxis Investment Management, founded in 1994 and headquartered in Goshen, Indiana, operates as the investment management arm of Everence Financial, a faith-based financial services organization; it manages over $3 billion in mutual fund assets and $100 million in ETFs as of 2025, with products broadly diversified across U.S. and international equities, fixed income, and multi-asset portfolios available primarily to U.S. investors. The firm's complementary mutual funds include the Praxis Impact Bond Fund (MIIIX), Growth Index Fund (MMDEX), Small Cap Index Fund (MMSIX), and International Index Fund (MPLIX), alongside Genesis Portfolios and a money market account; operations emphasize stewardship investing rooted in Christian values, with global impact focus areas such as microfinance, racial equity, and renewable energy. In April 2025, Praxis launched its inaugural ETFs—Praxis Impact Large Cap Growth ETF (PRXG) and Praxis Impact Large Cap Value ETF (PRXV)—in response to demand for lower-cost, liquid, tax-efficient options that align with faith-based values and track benchmarks with minimal error, marking a significant expansion into exchange-traded products and contributing to surpassing $3 billion in mutual fund AUM milestones. No material changes to the Praxis Value Index Fund itself were reported during the year ended December 31, 2024. The firm continues to prioritize impact through proxy voting, investor coalitions, and high-impact allocations, maintaining strong performance with 5-year annualized returns of approximately 14.42% for MVIIX as of late 2025.