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Name

As of 06/01/2026

Price

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

Praxis International Index Fund

MPLAX | Fund

$18.32

$622 M

2.56%

$0.47

0.94%

Vitals

YTD Return

14.3%

1 yr return

30.8%

3 Yr Avg Return

18.8%

5 Yr Avg Return

7.5%

Net Assets

$622 M

Holdings in Top 10

24.6%

52 WEEK LOW AND HIGH

$18.2
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.94%

SALES FEES

Front Load 5.25%

Deferred Load N/A

TRADING FEES

Turnover 39.58%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$2,500

IRA

$2,500

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 06/01/2026

Price

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

Praxis International Index Fund

MPLAX | Fund

$18.32

$622 M

2.56%

$0.47

0.94%

MPLAX - Profile

Distributions

  • YTD Total Return 14.3%
  • 3 Yr Annualized Total Return 18.8%
  • 5 Yr Annualized Total Return 7.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.32%
DIVIDENDS
  • Dividend Yield 2.6%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    Praxis International Index Fund
  • Fund Family Name
    Praxis Mutual Funds
  • Inception Date
    Oct 01, 2012
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Michael Branch

Fund Description

The Fund invests primarily in equity securities of foreign companies organized under the laws of, headquartered in, or whose common equity securities are principally traded in countries outside the United States. The Fund seeks to generate performance that reflects the performance of a broad representation of both foreign developed and emerging equity markets, as measured by the Morningstar® Global ex-US Target Market Exposure NR USD IndexSM, 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 such securities and investments. Investments related to the benchmark index in which the Fund invests consist of American Depositary Receipts (ADRs), which are equity securities that represent shares of foreign companies in the 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 Fund’s Sub-Adviser uses proprietary optimization techniques, 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 Sub-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.

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.

Read More

MPLAX - Performance

Return Ranking - Trailing

Period MPLAX Return Category Return Low Category Return High Rank in Category (%)
YTD 14.3% -3.0% 35.2% 16.87%
1 Yr 30.8% -7.6% 66.4% 18.42%
3 Yr 18.8%* -0.8% 30.8% 38.51%
5 Yr 7.5%* -34.2% 34.0% 62.17%
10 Yr 8.8%* 2.5% 41.2% 63.06%

* Annualized

Return Ranking - Calendar

Period MPLAX Return Category Return Low Category Return High Rank in Category (%)
2025 25.2% -64.4% 46.9% 42.56%
2024 3.8% -30.9% 19.1% 22.74%
2023 11.4% -1.4% 22.0% 78.35%
2022 -18.0% -90.1% 71.3% 47.02%
2021 5.3% -23.1% 18.9% 48.31%

Total Return Ranking - Trailing

Period MPLAX Return Category Return Low Category Return High Rank in Category (%)
YTD 14.3% -3.0% 35.2% 16.87%
1 Yr 30.8% -7.6% 66.4% 18.42%
3 Yr 18.8%* -0.8% 30.8% 38.51%
5 Yr 7.5%* -34.2% 34.0% 62.17%
10 Yr 8.8%* 2.5% 41.2% 63.06%

* Annualized

Total Return Ranking - Calendar

Period MPLAX Return Category Return Low Category Return High Rank in Category (%)
2025 28.9% 6.6% 54.4% 65.81%
2024 6.4% -17.9% 22.0% 25.98%
2023 14.5% 3.2% 23.8% 73.71%
2022 -16.7% -89.7% 144.8% 63.16%
2021 5.3% -22.6% 56.0% 91.65%

NAV & Total Return History

MPLAX - Holdings

Concentration Analysis

MPLAX Category Low Category High MPLAX % Rank
Net Assets 622 M 3.54 M 629 B 68.03%
Number of Holdings 462 1 10834 27.18%
Net Assets in Top 10 141 M 1.03 M 75.3 B 65.81%
Weighting of Top 10 24.62% 5.7% 103.9% 39.41%

Top 10 Holdings

  1. Mount Vernon Liquid Assets Portfolio, LLC Lending Portfolio I 9.22%
  2. Taiwan Semiconductor Manufacturing Company Ltd. ADR 5.02%
  3. Samsung Electronics Company Ltd. 2.34%
  4. ASML Holding N.V. 1.55%
  5. SK Hynix, Inc. 1.34%
  6. Tencent Holdings Ltd. ADR 1.26%
  7. ICICI Bank Ltd. ADR 1.11%
  8. Chunghwa Telecom Company Ltd. ADR 1.03%
  9. Alibaba Group Holding Ltd. ADR 0.91%
  10. Wheaton Precious Metals Corporation 0.85%

Asset Allocation

Weighting Return Low Return High MPLAX % Rank
Stocks 		97.74% 0.00% 103.91% 28.55%
Cash 		10.03% -1.24% 28.70% 3.93%
Bonds 		0.74% 0.00% 146.29% 4.79%
Preferred Stocks 		0.21% 0.00% 3.20% 42.74%
Other 		0.00% -4.59% 9.87% 79.15%
Convertible Bonds 		0.00% 0.00% 4.18% 75.30%

Stock Sector Breakdown

Weighting Return Low Return High MPLAX % Rank
Financial Services 		20.03% 0.18% 45.44% 24.74%
Technology 		13.77% 0.30% 22.37% 29.12%
Industrials 		11.74% 5.17% 99.49% 80.18%
Communication Services 		10.58% 0.00% 21.69% 5.96%
Consumer Cyclical 		9.32% 0.00% 21.37% 72.46%
Healthcare 		8.35% 0.00% 20.35% 87.72%
Basic Materials 		8.19% 0.00% 23.86% 53.16%
Consumer Defense 		7.29% 0.00% 32.29% 84.21%
Real Estate 		4.64% 0.00% 14.59% 5.61%
Energy 		3.93% 0.00% 16.89% 73.51%
Utilities 		2.14% 0.00% 13.68% 64.74%

Stock Geographic Breakdown

Weighting Return Low Return High MPLAX % Rank
Non US 		55.91% 0.00% 99.68% 91.11%
US 		41.84% 0.00% 100.07% 6.32%

Bond Sector Breakdown

Weighting Return Low Return High MPLAX % Rank
Corporate 		69.02% 0.00% 100.00% 0.88%
Cash & Equivalents 		10.03% -277.32% 100.00% 5.64%
Derivative 		0.00% -7.49% 5.55% 72.82%
Securitized 		0.00% 0.00% 47.51% 74.56%
Municipal 		0.00% 0.00% 0.17% 74.56%
Government 		0.00% 0.00% 44.25% 75.97%

Bond Geographic Breakdown

Weighting Return Low Return High MPLAX % Rank
US 		0.74% 0.00% 131.33% 4.79%
Non US 		0.00% 0.00% 14.95% 75.21%

MPLAX - Expenses

Operational Fees

MPLAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.94% 0.02% 13.76% 53.17%
Management Fee 0.40% 0.00% 1.58% 25.82%
12b-1 Fee 0.25% 0.00% 1.00% 52.17%
Administrative Fee N/A 0.01% 1.00% N/A

Sales Fees

MPLAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 5.25% 3.50% 5.75% 76.71%
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

MPLAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% 50.00%

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.

MPLAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 39.58% 2.00% 247.00% 58.19%

MPLAX - Distributions

Dividend Yield Analysis

MPLAX Category Low Category High MPLAX % Rank
Dividend Yield 2.56% 0.00% 17.49% 31.28%

Dividend Distribution Analysis

MPLAX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annual Quarterly Quarterly

Net Income Ratio Analysis

MPLAX Category Low Category High MPLAX % Rank
Net Income Ratio 1.32% -0.77% 3.63% 60.11%

Capital Gain Distribution Analysis

MPLAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

MPLAX - Fund Manager Analysis

Managers

Michael Branch

Start Date

Tenure

Tenure Rank

Sep 01, 2017

4.75

4.8%

Michael Branch is a Portfolio Research, Trading, and Analytics Associate at Aperio Group LLC (Aperio) and is a member of the Pax ESG Beta Quality Fund and Pax ESG Beta Dividend Fund portfolio management team. Aperio serves as subadvisor of the Pax ESG Beta Quality Fund and Pax ESG Beta Dividend Fund. Prior to joining Aperio, Michael was a Fund Operations Specialist for California Investment Trust, a mutual fund company. Michael co-authored “Factoring Probability” with Lisa Goldberg and Ran Leshem; it was published in Risk-Based and Factor Investing in 2015. He was the sole author of “The Case for Global Stock Portfolios,” published in the Journal of Indexes in 2011. Michael received his Bachelor of Science in Finance from the University of Arizona. He holds the Chartered Financial Analyst designation and is a member of the CFA® Society of San Francisco. CFA® is a trademark owned by the CFA Institute. ALPS Distributors, Inc. is not affiliated with Aperio Group, LLC.

Annie Tan

Start Date

Tenure

Tenure Rank

Mar 01, 2018

4.25

4.3%

Annie Tan is an Associate Portfolio Manager at Aperio Group LLC (Aperio) and a member of the Pax ESG Beta Quality Fund and Pax ESG Beta Dividend Fund portfolio management team. Aperio serves as subadviser of the Pax ESG Beta Quality Fund and Pax ESG Beta Dividend Fund. At Aperio, Annie is responsible for providing analytical support in the research, portfolio management, and trading of client portfolios. Prior to Aperio, Annie was an investment analyst at Dragon Financial Group. She received her Bachelor of Arts in Economics from the University of California at Davis and her Master of Science in Financial Analysis from the University of San Francisco. ALPS Distributors, Inc. is not affiliated with Aperio Group, LLC.

Brian Ko

Start Date

Tenure

Tenure Rank

Jan 01, 2021

1.41

1.4%

Brian Ko is a Portfolio Manager at Aperio and shares primary responsibility for managing the portfolio analysis efforts of Aperio. Brian also provides analytical support in the research, portfolio management, and trading of Aperio’s client portfolios. Prior to joining Aperio in 2014, he was a Senior Client Operations Associate at Lateef Investment Management from 2012 to 2014. Brian was also a Fund Accounting Manager with State Street Bank and Trust. He received his BS in Managerial Economics from the University of California, Davis, and his MS in Financial Analysis from Saint Mary’s College of California.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 30.35 6.45 3.25

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