Name
As of 04/22/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
1.3%
1 yr return
8.0%
3 Yr Avg Return
-1.6%
5 Yr Avg Return
4.3%
Net Assets
$408 M
Holdings in Top 10
20.7%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.59%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 39.58%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$100,000
IRA
$100,000
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 04/22/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
MPLIX - Profile
Distributions
- YTD Total Return 1.3%
- 3 Yr Annualized Total Return -1.6%
- 5 Yr Annualized Total Return 4.3%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.94%
- Dividend Yield 3.3%
- Dividend Distribution Frequency None
Fund Details
-
Legal NamePraxis International Index Fund
-
Fund Family NamePraxis Mutual Funds
-
Inception DateSep 28, 2012
-
Shares OutstandingN/A
-
Share ClassI
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerMichael 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 its benchmark index. Effective May 25, 2023, the Fund's benchmark index is changing from the MSCI ACWI ex USA Index (Net) to the Morningstar® Global ex-US Target Market Exposure GR USD IndexSM. 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 Stewardship Investing core values, as discussed below. In addition, the Fund’s Sub-Adviser uses proprietary 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.
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 |
MPLIX - Performance
Return Ranking - Trailing
Period | MPLIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 1.3% | -9.7% | 25.4% | 71.13% |
1 Yr | 8.0% | -6.5% | 16.9% | 44.69% |
3 Yr | -1.6%* | -18.1% | 44.3% | 86.05% |
5 Yr | 4.3%* | -34.7% | 74.6% | 82.27% |
10 Yr | 3.6%* | -0.8% | 15.9% | 68.72% |
* Annualized
Return Ranking - Calendar
Period | MPLIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 11.4% | -7.3% | 22.0% | 75.78% |
2022 | -17.9% | -43.6% | 71.3% | 44.22% |
2021 | 5.2% | -28.5% | 18.9% | 46.12% |
2020 | 11.5% | -90.1% | 992.1% | 31.10% |
2019 | 17.7% | -1.9% | 38.8% | 70.95% |
Total Return Ranking - Trailing
Period | MPLIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 1.3% | -9.7% | 25.4% | 71.13% |
1 Yr | 8.0% | -6.5% | 16.9% | 44.69% |
3 Yr | -1.6%* | -18.1% | 44.3% | 86.05% |
5 Yr | 4.3%* | -34.7% | 74.6% | 82.27% |
10 Yr | 3.6%* | -0.8% | 15.9% | 68.72% |
* Annualized
Total Return Ranking - Calendar
Period | MPLIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 15.1% | 3.2% | 41.4% | 69.21% |
2022 | -16.2% | -43.6% | 144.8% | 58.05% |
2021 | 5.2% | -22.6% | 56.0% | 90.84% |
2020 | 13.2% | -89.7% | 1010.8% | 30.30% |
2019 | 23.5% | 4.3% | 38.8% | 37.84% |
NAV & Total Return History
MPLIX - Holdings
Concentration Analysis
MPLIX | Category Low | Category High | MPLIX % Rank | |
---|---|---|---|---|
Net Assets | 408 M | 2.56 M | 425 B | 61.32% |
Number of Holdings | 507 | 1 | 10801 | 22.75% |
Net Assets in Top 10 | 82.2 M | 0 | 41 B | 64.40% |
Weighting of Top 10 | 20.74% | 2.7% | 112.8% | 60.95% |
Top 10 Holdings
- Mount Vernon Liquid Assets Portfolio, LLC Lending Portfolio I 6.52%
- Taiwan Semiconductor Manufacturing Company Ltd. ADR 2.95%
- Samsung Electronics Company Ltd. 1.83%
- Novo Nordisk A/S ADR 1.56%
- ICICI Bank Ltd. ADR 1.48%
- Wipro Ltd. ADR 1.45%
- Chunghwa Telecom Company Ltd. ADR 1.35%
- Equinor ASA ADR 1.27%
- ASML Holding N.V. - NY Registry Shares 1.25%
- Infosys Ltd. ADR 1.07%
Asset Allocation
Weighting | Return Low | Return High | MPLIX % Rank | |
---|---|---|---|---|
Stocks | 98.15% | 0.00% | 122.60% | 41.36% |
Cash | 6.77% | -22.43% | 100.00% | 5.02% |
Bonds | 0.86% | -1.67% | 71.30% | 4.14% |
Preferred Stocks | 0.24% | -0.01% | 7.80% | 45.05% |
Other | 0.00% | -2.97% | 43.01% | 85.08% |
Convertible Bonds | 0.00% | 0.00% | 4.18% | 75.26% |
Stock Sector Breakdown
Weighting | Return Low | Return High | MPLIX % Rank | |
---|---|---|---|---|
Financial Services | 20.03% | 0.00% | 47.75% | 24.05% |
Technology | 13.77% | 0.00% | 36.32% | 28.90% |
Industrials | 11.74% | 5.17% | 99.49% | 78.82% |
Communication Services | 10.58% | 0.00% | 21.69% | 7.72% |
Consumer Cyclical | 9.32% | 0.00% | 36.36% | 70.95% |
Healthcare | 8.35% | 0.00% | 21.01% | 87.29% |
Basic Materials | 8.19% | 0.00% | 23.86% | 50.53% |
Consumer Defense | 7.29% | 0.00% | 32.29% | 84.42% |
Real Estate | 4.64% | 0.00% | 14.59% | 6.51% |
Energy | 3.93% | 0.00% | 16.89% | 71.41% |
Utilities | 2.14% | 0.00% | 13.68% | 64.45% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | MPLIX % Rank | |
---|---|---|---|---|
Non US | 55.25% | 0.00% | 121.07% | 91.29% |
US | 42.90% | 0.00% | 103.55% | 6.50% |
Bond Sector Breakdown
Weighting | Return Low | Return High | MPLIX % Rank | |
---|---|---|---|---|
Corporate | 69.02% | 0.00% | 100.00% | 0.77% |
Cash & Equivalents | 6.77% | 0.00% | 100.00% | 11.08% |
Derivative | 0.00% | -2.97% | 43.01% | 81.83% |
Securitized | 0.00% | 0.00% | 47.51% | 74.58% |
Municipal | 0.00% | 0.00% | 0.17% | 74.58% |
Government | 0.00% | 0.00% | 44.25% | 76.26% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | MPLIX % Rank | |
---|---|---|---|---|
US | 0.86% | -1.67% | 71.30% | 3.55% |
Non US | 0.00% | 0.00% | 8.34% | 76.07% |
MPLIX - Expenses
Operational Fees
MPLIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.59% | 0.01% | 18.22% | 81.36% |
Management Fee | 0.41% | 0.00% | 1.65% | 23.22% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.01% | 1.00% | N/A |
Sales Fees
MPLIX 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
MPLIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 2.00% | 63.64% |
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.
MPLIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 39.58% | 2.00% | 247.00% | 57.88% |
MPLIX - Distributions
Dividend Yield Analysis
MPLIX | Category Low | Category High | MPLIX % Rank | |
---|---|---|---|---|
Dividend Yield | 3.27% | 0.00% | 25.90% | 18.68% |
Dividend Distribution Analysis
MPLIX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | None | Annually | Quarterly | Annual |
Net Income Ratio Analysis
MPLIX | Category Low | Category High | MPLIX % Rank | |
---|---|---|---|---|
Net Income Ratio | 1.94% | -0.93% | 6.38% | 37.67% |
Capital Gain Distribution Analysis
MPLIX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 29, 2023 | $0.404 | OrdinaryDividend |
Dec 29, 2022 | $0.232 | OrdinaryDividend |
Dec 31, 2020 | $0.190 | OrdinaryDividend |
Dec 31, 2019 | $0.274 | OrdinaryDividend |
Jan 02, 2019 | $0.244 | OrdinaryDividend |
Jan 02, 2018 | $0.201 | OrdinaryDividend |
Jan 03, 2017 | $0.184 | OrdinaryDividend |
Dec 31, 2015 | $0.188 | OrdinaryDividend |
Dec 29, 2014 | $0.238 | OrdinaryDividend |
Dec 31, 2013 | $0.206 | OrdinaryDividend |
Dec 31, 2012 | $0.185 | OrdinaryDividend |
MPLIX - 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 | 6.28 | 3.25 |