Praxis Impact Bond Fund (MIIAX)
The fund invests primarily in fixed income securities. The fund invests, under normal circumstances, at least 80 percent of its assets in fixed income securities of all types. It seeks to avoid companies that are deemed inconsistent with the stewardship investing core values. The fund integrates consideration of the impact of environmental, social and governance practices into each investment decision.
Fund Info
US74006E5042
74006E504
May 12, 1999
$2,500
Expense Ratio
MIIAX has an expense ratio of 0.88%, placing it in the medium range.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
Praxis Impact Bond Fund (MIIAX) returned 1.93% year-to-date (YTD) and 5.13% over the past 12 months. Over the past 10 years, MIIAX returned 1.18% annually, underperforming the S&P 500 benchmark at 10.85%.
MIIAX
1.93%
-0.95%
0.10%
5.13%
1.25%
-1.10%
1.18%
^GSPC (Benchmark)
0.51%
6.15%
-2.00%
12.92%
12.68%
14.19%
10.85%
Monthly Returns
The table below presents the monthly returns of MIIAX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 0.59% | 2.19% | -0.16% | 0.26% | -0.95% | 1.93% | |||||||
| 2024 | -0.07% | -1.36% | 0.79% | -2.54% | 1.70% | 1.02% | 2.31% | 1.42% | 1.30% | -2.55% | 1.12% | -1.79% | 1.18% |
| 2023 | 3.36% | -2.46% | 2.05% | 0.84% | -1.16% | -0.32% | -0.11% | -0.53% | -2.48% | -1.77% | 4.48% | 3.88% | 5.60% |
| 2022 | -1.92% | -1.30% | -2.64% | -3.62% | 0.36% | -1.49% | 2.35% | -2.60% | -4.34% | -1.57% | 3.54% | -0.46% | -13.11% |
| 2021 | -0.49% | -1.58% | -1.06% | 0.77% | 0.22% | 0.58% | 0.94% | -0.25% | -0.87% | -0.25% | 0.11% | -0.34% | -2.23% |
| 2020 | 1.87% | 1.55% | -1.46% | 2.57% | 0.52% | 0.87% | 1.48% | -0.65% | -0.04% | -0.37% | 0.85% | 0.11% | 7.47% |
| 2019 | 0.81% | 0.18% | 1.85% | 0.09% | 1.65% | 1.04% | 0.21% | 2.34% | -0.56% | 0.25% | -0.11% | -0.21% | 7.76% |
| 2018 | -1.05% | -0.80% | 0.58% | -0.79% | 0.57% | -0.13% | -0.21% | 0.69% | -0.60% | -0.70% | 0.50% | 1.62% | -0.35% |
| 2017 | 0.30% | 0.66% | 0.00% | 0.67% | 0.76% | -0.11% | 0.30% | 0.76% | -0.51% | 0.10% | -0.21% | 0.38% | 3.12% |
| 2016 | 1.26% | 0.47% | 0.77% | 0.48% | 0.01% | 1.50% | 0.56% | -0.09% | -0.02% | -0.67% | -2.09% | -0.03% | 2.12% |
| 2015 | 1.91% | -0.93% | 0.48% | -0.38% | -0.19% | -0.95% | 0.59% | -0.10% | 0.59% | 0.01% | -0.29% | -0.37% | 0.33% |
| 2014 | 1.38% | 0.50% | -0.17% | 0.79% | 1.07% | 0.01% | -0.17% | 0.87% | -0.56% | 0.77% | 0.58% | 0.04% | 5.22% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of MIIAX is 59, indicating average performance compared to other mutual funds on our website. Here’s a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Praxis Impact Bond Fund (MIIAX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
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Dividends
Dividend History
Praxis Impact Bond Fund provided a 3.19% dividend yield over the last twelve months, with an annual payout of $0.30 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.30 | $0.29 | $0.25 | $0.18 | $0.16 | $0.27 | $0.23 | $0.23 | $0.23 | $0.24 | $0.26 | $0.26 |
Dividend yield | 3.19% | 3.13% | 2.59% | 1.99% | 1.49% | 2.43% | 2.15% | 2.28% | 2.20% | 2.34% | 2.48% | 2.48% |
Monthly Dividends
The table displays the monthly dividend distributions for Praxis Impact Bond Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.03 | $0.02 | $0.03 | $0.03 | $0.00 | $0.10 | |||||||
| 2024 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.29 |
| 2023 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.25 |
| 2022 | $0.01 | $0.01 | $0.02 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.18 |
| 2021 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.16 |
| 2020 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.08 | $0.27 |
| 2019 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.23 |
| 2018 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.23 |
| 2017 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.23 |
| 2016 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.24 |
| 2015 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.26 |
| 2014 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.26 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Praxis Impact Bond Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Praxis Impact Bond Fund was 18.79%, occurring on Oct 24, 2022. The portfolio has not yet recovered.
The current Praxis Impact Bond Fund drawdown is 7.75%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -18.79% | Aug 5, 2020 | 560 | Oct 24, 2022 | — | — | — |
| -6.25% | Sep 16, 2008 | 34 | Oct 31, 2008 | 33 | Dec 18, 2008 | 67 |
| -6.15% | Mar 10, 2020 | 8 | Mar 19, 2020 | 57 | Jun 10, 2020 | 65 |
| -6.14% | Nov 8, 2001 | 97 | Apr 1, 2002 | 189 | Dec 30, 2002 | 286 |
| -5.33% | Sep 27, 1999 | 166 | May 18, 2000 | 160 | Jan 8, 2001 | 326 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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