Schedule of Portfolio Investments
Praxis Impact Bond Fund
March 31, 2022 (Unaudited)
MUNICIPAL BONDS - 1.1% | Coupon | Maturity | Principal Amount | Fair Value | ||||||||||||
American Municipal Power Ohio, Inc., Rev. Taxable-Hydroelectric Projects, Series 2010-A | 7.334 | % | 02/15/28 | $ | 1,000,000 | $ | 1,158,598 | |||||||||
City of San Francisco, California, Public Utilities Comm. Water Rev., Series 2019-A | 3.303 | % | 11/01/39 | 2,500,000 | 2,372,461 | |||||||||||
Findlay City School District, Series 2010-B | 6.250 | % | 12/01/37 | 270,000 | 270,813 | |||||||||||
Houston, Texas, Independent School District, Series 2009A-2 | 6.168 | % | 02/15/34 | 1,000,000 | 1,033,920 | |||||||||||
Massachusetts St., Series 2016-F | 3.277 | % | 06/01/46 | 3,100,000 | 2,919,611 | |||||||||||
New Jersey St. Housing & Mortgage Finance, Series 2013-C | 2.600 | % | 07/01/23 | 85,000 | 85,071 | |||||||||||
Osceola County Housing Finance Authority Rev., Series 2013-B | 3.350 | % | 07/01/23 | 65,000 | 65,859 | |||||||||||
TOTAL MUNICIPAL BONDS (COST $8,382,215) | $ | 7,906,333 | ||||||||||||||
CORPORATE BONDS - 42.0% | Coupon | Maturity | Principal Amount | Fair Value | ||||||||||||
APPAREL & TEXTILE PRODUCTS - 0.2% | ||||||||||||||||
Hanesbrands, Inc. (a) | 4.625 | % | 05/15/24 | $ | 500,000 | $ | 507,500 | |||||||||
VF Corp. | 2.400 | % | 04/23/25 | 536,000 | 524,124 | |||||||||||
1,031,624 | ||||||||||||||||
ASSET MANAGEMENT - 0.1% | ||||||||||||||||
Ameriprise Financial, Inc. | 3.000 | % | 04/02/25 | 730,000 | 727,200 | |||||||||||
AUTOMOTIVE - 0.8% | ||||||||||||||||
BMW US Capital, LLC (a) | 3.800 | % | 04/06/23 | 1,000,000 | 1,014,358 | |||||||||||
BorgWarner, Inc. | 2.650 | % | 07/01/27 | 601,000 | 580,344 | |||||||||||
Honda Motor Co. Ltd. (b) | 2.967 | % | 03/10/32 | 760,000 | 735,323 | |||||||||||
Hyundai Capital Services, Inc. (a) | 1.250 | % | 02/08/26 | 200,000 | 183,455 | |||||||||||
Magna International, Inc. | 2.450 | % | 06/15/30 | 1,250,000 | 1,151,613 | |||||||||||
Toyota Motor Credit Corp., Series B (b) | 2.900 | % | 03/30/23 | 1,735,000 | 1,746,414 | |||||||||||
5,411,507 | ||||||||||||||||
BANKING - 4.6% | ||||||||||||||||
Bank of America Corp. (b) | 3.300 | % | 01/11/23 | 500,000 | 505,540 | |||||||||||
Bank of America Corp. | 4.100 | % | 07/24/23 | 1,000,000 | 1,021,893 |
Schedule of Portfolio Investments (Continued)
Praxis Impact Bond Fund
CORPORATE BONDS - 42.0% (Continued) | Coupon | Maturity | Principal Amount | Fair Value | ||||||||||||
BANKING - 4.6% (Continued) | ||||||||||||||||
Bank of America Corp. (b) | 0.981 | % | 09/25/25 | $ | 1,500,000 | $ | 1,421,714 | |||||||||
Bank of America Corp. | 2.456 | % | 10/22/25 | 1,000,000 | 982,601 | |||||||||||
Bank of America Corp. (b) | 1.530 | % | 12/06/25 | 2,000,000 | 1,912,598 | |||||||||||
Bank of America Corp. | 4.271 | % | 07/23/29 | 1,000,000 | 1,031,703 | |||||||||||
Bank of Montreal (b) | 3.300 | % | 02/05/24 | 1,000,000 | 1,013,490 | |||||||||||
Citigroup, Inc. | 3.875 | % | 10/25/23 | 1,000,000 | 1,021,668 | |||||||||||
Citigroup, Inc. | 1.678 | % | 05/15/24 | 1,250,000 | 1,239,741 | |||||||||||
Citigroup, Inc. (b) | 3.700 | % | 01/12/26 | 1,750,000 | 1,771,537 | |||||||||||
Citigroup, Inc. | 2.572 | % | 06/03/30 | 1,000,000 | 916,107 | |||||||||||
ING Groep N.V. (a) | 4.625 | % | 01/06/26 | 1,250,000 | 1,291,907 | |||||||||||
JPMorgan Chase & Co. | 0.653 | % | 09/16/24 | 1,000,000 | 972,367 | |||||||||||
JPMorgan Chase & Co. | 0.563 | % | 02/16/25 | 500,000 | 477,840 | |||||||||||
JPMorgan Chase & Co. (b) | 3.200 | % | 06/15/26 | 2,557,000 | 2,570,750 | |||||||||||
JPMorgan Chase & Co. | 2.739 | % | 10/15/30 | 2,000,000 | 1,889,842 | |||||||||||
Key Bank, N.A. | 1.250 | % | 03/10/23 | 1,750,000 | 1,735,751 | |||||||||||
Mitsubishi UFJ Financial Group (b) | 2.527 | % | 09/13/23 | 1,250,000 | 1,248,761 | |||||||||||
National Australia Bank, New York Branch (b) | 3.625 | % | 06/20/23 | 1,750,000 | 1,777,360 | |||||||||||
National Bank of Canada (a) | 2.150 | % | 10/07/22 | 1,250,000 | 1,252,770 | |||||||||||
PNC Bank N.A. | 3.500 | % | 06/08/23 | 1,285,000 | 1,300,336 | |||||||||||
Regions Financial Corp. (b) | 2.250 | % | 05/18/25 | 1,000,000 | 973,170 | |||||||||||
Sumitomo Mitsui Financial Group, Inc. (b) | 0.508 | % | 01/12/24 | 2,000,000 | 1,923,182 | |||||||||||
Toronto-Dominion Bank (SOFR + 45) (c) | 0.500 | % | 09/28/23 | 2,000,000 | 1,992,544 | |||||||||||
32,245,172 | ||||||||||||||||
BEVERAGES - 0.2% | ||||||||||||||||
Coca-Cola Co. (The) | 3.450 | % | 03/25/30 | 500,000 | 513,925 | |||||||||||
Coca-Cola Femsa S.A.B. de C.V. (b) | 1.850 | % | 09/01/32 | 1,000,000 | 867,640 | |||||||||||
1,381,565 | ||||||||||||||||
BIOTECH & PHARMA - 0.9% | ||||||||||||||||
AbbVie, Inc. | 2.950 | % | 11/21/26 | 500,000 | 495,300 | |||||||||||
Amgen, Inc. | 3.000 | % | 02/22/29 | 2,500,000 | 2,454,173 | |||||||||||
Gilead Sciences, Inc. | 3.650 | % | 03/01/26 | 750,000 | 762,757 | |||||||||||
Zeneca Wilmington, Inc. | 7.000 | % | 11/15/23 | 1,100,000 | 1,175,950 | |||||||||||
Zoetis, Inc. | 3.250 | % | 02/01/23 | 1,200,000 | 1,208,293 | |||||||||||
6,096,473 |
Schedule of Portfolio Investments (Continued)
Praxis Impact Bond Fund
CORPORATE BONDS - 42.0% (Continued) | Coupon | Maturity | Principal Amount | Fair Value | ||||||||||||
CABLE & SATELLITE - 0.2% | ||||||||||||||||
Comcast Corp. (b) | 3.300 | % | 04/01/27 | $ | 500,000 | $ | 505,860 | |||||||||
Comcast Corp. (a) | 2.937 | % | 11/01/56 | 672,000 | 554,752 | |||||||||||
Time Warner Cable, Inc. | 4.500 | % | 09/15/42 | 500,000 | 462,460 | |||||||||||
1,523,072 | ||||||||||||||||
CHEMICALS - 1.1% | ||||||||||||||||
Avery Dennison Corp. | 2.650 | % | 04/30/30 | 1,250,000 | 1,160,506 | |||||||||||
DowDuPont, Inc. | 4.493 | % | 11/15/25 | 1,500,000 | 1,560,072 | |||||||||||
Ecolab, Inc. | 4.800 | % | 03/24/30 | 140,000 | 154,928 | |||||||||||
Ecolab, Inc. | 2.750 | % | 08/18/55 | 1,470,000 | 1,215,567 | |||||||||||
LG Chemical Ltd. (a) | 3.250 | % | 10/15/24 | 290,000 | 290,671 | |||||||||||
Nutrien Ltd. | 1.900 | % | 05/13/23 | 800,000 | 793,981 | |||||||||||
Nutrien Ltd. | 5.875 | % | 12/01/36 | 840,000 | 994,265 | |||||||||||
Solvay Finance S.A. (a) | 4.450 | % | 12/03/25 | 1,250,000 | 1,284,015 | |||||||||||
7,454,005 | ||||||||||||||||
CONSTRUCTION MATERIALS - 0.4% | ||||||||||||||||
Carlisle Cos., Inc. | 3.500 | % | 12/01/24 | 1,250,000 | 1,260,363 | |||||||||||
Owens Corning | 4.200 | % | 12/01/24 | 1,000,000 | 1,022,605 | |||||||||||
Owens Corning | 3.950 | % | 08/15/29 | 300,000 | 305,327 | |||||||||||
2,588,295 | ||||||||||||||||
CONSUMER SERVICES - 4.6% | ||||||||||||||||
Andrew W. Mellon Funding | 0.947 | % | 08/01/27 | 1,050,000 | 951,117 | |||||||||||
California Endowment (The) | 2.498 | % | 04/01/51 | 4,500,000 | 3,705,045 | |||||||||||
Conservation Fund, Series 2019 | 3.474 | % | 12/15/29 | 535,000 | 522,076 | |||||||||||
Ford Foundation (The), Series 2017 | 3.859 | % | 06/01/47 | 2,485,000 | 2,665,128 | |||||||||||
John D. & Catherine T. MacArthur Foundation, Series 2020 | 1.299 | % | 12/01/30 | 1,500,000 | 1,320,489 | |||||||||||
Leland Stanford Junior University (The) | 3.460 | % | 05/01/47 | 1,415,000 | 1,398,844 | |||||||||||
Leland Stanford Junior University (The) | 2.413 | % | 06/01/50 | 3,450,000 | 2,895,145 | |||||||||||
Local Initiatives Support Corp. | 4.649 | % | 03/01/37 | 1,500,000 | 1,618,965 | |||||||||||
Massachusetts Institute of Technology | 3.959 | % | 07/01/38 | 1,500,000 | 1,589,206 | |||||||||||
President & Fellows of Harvard College | 3.150 | % | 07/15/46 | 3,961,000 | 3,806,097 | |||||||||||
President & Fellows of Harvard College | 2.517 | % | 10/15/50 | 1,300,000 | 1,115,618 | |||||||||||
Rockefeller Foundation (The) | 2.492 | % | 10/01/50 | 300,000 | 250,412 | |||||||||||
Trustees of Princeton University (The) | 2.516 | % | 07/01/50 | 5,150,000 | 4,344,743 | |||||||||||
University of Notre Dame, Series 2017 | 3.394 | % | 02/15/48 | 2,424,000 | 2,455,279 |
Schedule of Portfolio Investments (Continued)
Praxis Impact Bond Fund
CORPORATE BONDS - 42.0% (Continued) | Coupon | Maturity | Principal Amount | Fair Value | ||||||||||||
CONSUMER SERVICES - 4.6% (Continued) | ||||||||||||||||
Yale University | 2.402 | % | 04/15/50 | $ | 4,165,000 | $ | 3,458,276 | |||||||||
32,096,440 | ||||||||||||||||
CONTAINERS & PACKAGING - 0.4% | ||||||||||||||||
CCL Industries, Inc. (a) | 3.050 | % | 06/01/30 | 1,750,000 | 1,642,984 | |||||||||||
Sonoco Products Co. | 5.750 | % | 11/01/40 | 1,000,000 | 1,184,859 | |||||||||||
2,827,843 | ||||||||||||||||
DIVERSIFIED INDUSTRIALS - 0.2% | ||||||||||||||||
Illinois Tool Works, Inc. | 3.900 | % | 09/01/42 | 1,000,000 | 1,024,853 | |||||||||||
ELECTRIC UTILITIES - 6.5% | ||||||||||||||||
Avangrid, Inc. | 3.150 | % | 12/01/24 | 1,800,000 | 1,796,702 | |||||||||||
Avista Corp. | 4.000 | % | 04/01/52 | 1,000,000 | 1,016,237 | |||||||||||
Caledonia Generating, LLC (a) | 1.950 | % | 02/28/34 | 1,891,714 | 1,782,869 | |||||||||||
Consolidated Edison Co. | 3.350 | % | 04/01/30 | 1,000,000 | 996,735 | |||||||||||
DTE Electric Co. | 4.050 | % | 05/15/48 | 1,750,000 | 1,844,892 | |||||||||||
DTE Electric Co. | 3.650 | % | 03/01/52 | 500,000 | 505,328 | |||||||||||
Duke Energy Carolinas, LLC | 3.550 | % | 03/15/52 | 1,000,000 | 990,617 | |||||||||||
Duke Energy Progress NC Storm Funding, LLC, Series 2021A-3 | 2.799 | % | 07/01/41 | 2,000,000 | 1,824,629 | |||||||||||
Duke Energy Progress, LLC | 3.450 | % | 03/15/29 | 1,750,000 | 1,753,445 | |||||||||||
Duke Energy Progress, LLC (b) | 4.000 | % | 04/01/52 | 1,500,000 | 1,589,757 | |||||||||||
Electricite de France S.A. (a)(b) | 3.625 | % | 10/13/25 | 1,250,000 | 1,252,397 | |||||||||||
Enel Finance International N.V. (a) | 2.650 | % | 09/10/24 | 1,250,000 | 1,231,241 | |||||||||||
Florida Power & Light Co. | 3.700 | % | 12/01/47 | 1,300,000 | 1,323,806 | |||||||||||
Florida Power & Light Co. | 2.875 | % | 12/04/51 | 2,000,000 | 1,792,939 | |||||||||||
Georgia Power Co. | 3.250 | % | 04/01/26 | 1,000,000 | 1,003,313 | |||||||||||
Interstate Power & Light Co. | 3.600 | % | 04/01/29 | 1,250,000 | 1,248,789 | |||||||||||
Liberty Utilities Financial Services (a) | 2.050 | % | 09/15/30 | 355,000 | 311,244 | |||||||||||
MidAmerican Energy Co. | 3.950 | % | 08/01/47 | 1,750,000 | 1,818,046 | |||||||||||
Midland Cogeneration Venture, L.P. (a) | 6.000 | % | 03/15/25 | 229,637 | 235,378 | |||||||||||
Narragansett Electric Co. (a) | 3.395 | % | 04/09/30 | 1,500,000 | 1,474,507 | |||||||||||
National Rural Utilities | 1.350 | % | 03/15/31 | 1,000,000 | 840,530 | |||||||||||
NextEra Energy Capital Holdings, Inc. | 0.650 | % | 03/01/23 | 400,000 | 394,254 | |||||||||||
Niagara Mohawk Power Corp. (a)(b) | 1.960 | % | 06/27/30 | 1,500,000 | 1,333,019 | |||||||||||
Northern States Power Co. | 2.900 | % | 03/01/50 | 1,250,000 | 1,102,743 | |||||||||||
NSTAR Electric Co. | 3.950 | % | 04/01/30 | 600,000 | 622,793 |
Schedule of Portfolio Investments (Continued)
Praxis Impact Bond Fund
CORPORATE BONDS - 42.0% (Continued) | Coupon | Maturity | Principal Amount | Fair Value | ||||||||||||
ELECTRIC UTILITIES - 6.5% (Continued) | ||||||||||||||||
NSTAR Electric Co. | 5.500 | % | 03/15/40 | $ | 1,250,000 | $ | 1,514,958 | |||||||||
Pacificorp | 8.080 | % | 10/14/22 | 500,000 | 514,602 | |||||||||||
PG&E Energy Recovery Funding, LLC | 2.822 | % | 07/15/46 | 1,000,000 | 894,484 | |||||||||||
Potomac Electric Power Co. | 6.500 | % | 11/15/37 | 1,000,000 | 1,299,960 | |||||||||||
Public Service Co. | 3.700 | % | 06/15/28 | 1,750,000 | 1,785,367 | |||||||||||
Puget Energy, Inc. | 5.625 | % | 07/15/22 | 750,000 | 752,036 | |||||||||||
Puget Energy, Inc. | 4.223 | % | 06/15/48 | 1,000,000 | 1,041,089 | |||||||||||
Rochester Gas & Electric Corp. (a) | 1.850 | % | 12/01/30 | 500,000 | 441,923 | |||||||||||
San Diego Gas and Electric Co. | 4.500 | % | 08/15/40 | 841,000 | 903,189 | |||||||||||
Solar Star Funding, LLC (a) | 3.950 | % | 06/30/35 | 266,024 | 271,190 | |||||||||||
Solar Star Funding, LLC (a) | 5.375 | % | 06/30/35 | 412,744 | 461,872 | |||||||||||
Southern California Edison | 4.050 | % | 03/15/42 | 1,165,000 | 1,116,887 | |||||||||||
Tenaska Virginia Partners, L.P. (a) | 6.119 | % | 03/30/24 | 338,734 | 344,637 | |||||||||||
Topaz Solar Farms, LLC (a) | 4.875 | % | 09/30/39 | 236,008 | 249,578 | |||||||||||
Topaz Solar Farms, LLC (a) | 5.750 | % | 09/30/39 | 568,221 | 622,202 | |||||||||||
Union Electric Co. | 2.625 | % | 03/15/51 | 2,000,000 | 1,655,200 | |||||||||||
Westar Energy, Inc. | 2.550 | % | 07/01/26 | 1,292,000 | 1,263,146 | |||||||||||
45,218,530 | ||||||||||||||||
ELECTRICAL EQUIPMENT - 0.3% | ||||||||||||||||
Johnson Controls International plc (b) | 1.750 | % | 09/15/30 | 1,000,000 | 892,774 | |||||||||||
Legrand S.A. | 8.500 | % | 02/15/25 | 1,000,000 | 1,145,005 | |||||||||||
Roper Technologies, Inc. | 2.000 | % | 06/30/30 | 440,000 | 390,613 | |||||||||||
2,428,392 | ||||||||||||||||
ENTERTAINMENT CONTENT - 0.2% | ||||||||||||||||
Magallanes, Inc. (a)(b) | 4.054 | % | 03/15/29 | 1,500,000 | 1,507,439 | |||||||||||
FOOD - 1.5% | ||||||||||||||||
Campbell Soup Co. | 3.950 | % | 03/15/25 | 1,500,000 | 1,526,366 | |||||||||||
Cargill, Inc. (a) | 4.760 | % | 11/23/45 | 1,500,000 | 1,709,348 | |||||||||||
General Mills, Inc. (b) | 4.000 | % | 04/17/25 | 1,500,000 | 1,531,103 | |||||||||||
Hormel Foods Corp. | 1.800 | % | 06/11/30 | 2,250,000 | 2,016,418 | |||||||||||
Ingredion, Inc. | 2.900 | % | 06/01/30 | 1,000,000 | 941,565 | |||||||||||
Kellogg Co. | 2.650 | % | 12/01/23 | 1,250,000 | 1,250,285 | |||||||||||
Mars, Inc. (a) | 3.600 | % | 04/01/34 | 1,500,000 | 1,508,541 | |||||||||||
10,483,626 |
Schedule of Portfolio Investments (Continued)
Praxis Impact Bond Fund
CORPORATE BONDS - 42.0% (Continued) | Coupon | Maturity | Principal Amount | Fair Value | ||||||||||||
FORESTRY, PAPER & WOOD PRODUCTS - 0.1% | ||||||||||||||||
Fibria Overseas Finance Ltd. | 5.500 | % | 01/17/27 | $ | 800,000 | $ | 847,184 | |||||||||
GAS & WATER UTILITIES - 0.4% | ||||||||||||||||
American Water Capital Corp. | 2.800 | % | 05/01/30 | 1,500,000 | 1,436,994 | |||||||||||
Brooklyn Union Gas Co. (a) | 4.504 | % | 03/10/46 | 1,250,000 | 1,254,751 | |||||||||||
Indiana Gas Co., Inc. | 6.550 | % | 06/30/28 | 250,000 | 292,583 | |||||||||||
2,984,328 | ||||||||||||||||
HEALTH CARE FACILITIES & SERVICES - 0.2% | ||||||||||||||||
Kaiser Foundation Hospital | 3.150 | % | 05/01/27 | 1,500,000 | 1,496,657 | |||||||||||
HOME & OFFICE PRODUCTS - 0.2% | ||||||||||||||||
Steelcase, Inc. | 5.125 | % | 01/18/29 | 1,000,000 | 1,047,687 | |||||||||||
HOME CONSTRUCTION - 0.2% | ||||||||||||||||
NVR, Inc. | 3.950 | % | 09/15/22 | 500,000 | 502,046 | |||||||||||
NVR, Inc. | 3.000 | % | 05/15/30 | 1,000,000 | 933,333 | |||||||||||
1,435,379 | ||||||||||||||||
INSTITUTIONAL FINANCIAL SERVICES - 1.8% | ||||||||||||||||
Bank of New York Mellon Corp. (The) | 3.400 | % | 05/15/24 | 650,000 | 660,856 | |||||||||||
Brookfield Finance, Inc. (b) | 4.250 | % | 06/02/26 | 1,570,000 | 1,617,697 | |||||||||||
Citigroup, Inc. | 2.014 | % | 01/25/26 | 1,000,000 | 962,679 | |||||||||||
Goldman Sachs Group, Inc. (b) | 3.272 | % | 09/29/25 | 1,500,000 | 1,502,839 | |||||||||||
Goldman Sachs Group, Inc. | 4.223 | % | 05/01/29 | 1,000,000 | 1,023,892 | |||||||||||
Goldman Sachs Group, Inc. | 3.800 | % | 03/15/30 | 1,500,000 | 1,509,965 | |||||||||||
Morgan Stanley (b) | 3.125 | % | 07/27/26 | 2,000,000 | 1,982,741 | |||||||||||
Morgan Stanley, Series GMTN | 2.699 | % | 01/22/31 | 1,250,000 | 1,172,958 | |||||||||||
National Securities Clearing Corp. (a)(b) | 1.500 | % | 04/23/25 | 1,000,000 | 957,524 | |||||||||||
State Street Corp. | 7.350 | % | 06/15/26 | 1,000,000 | 1,160,012 | |||||||||||
12,551,163 | ||||||||||||||||
INSURANCE - 4.6% | ||||||||||||||||
Aflac, Inc. | 4.000 | % | 10/15/46 | 1,058,000 | 1,069,216 | |||||||||||
Athene Global Funding (a) | 2.800 | % | 05/26/23 | 1,500,000 | 1,500,110 | |||||||||||
First American Financial Corp. | 2.400 | % | 08/15/31 | 1,500,000 | 1,313,235 |
Schedule of Portfolio Investments (Continued)
Praxis Impact Bond Fund
CORPORATE BONDS - 42.0% (Continued) | Coupon | Maturity | Principal Amount | Fair Value | ||||||||||||
INSURANCE - 4.6% (Continued) | ||||||||||||||||
Five Corners Funding Trust (a) | 4.419 | % | 11/15/23 | $ | 1,000,000 | $ | 1,022,042 | |||||||||
GA Global Funding Trust | 2.250 | % | 01/06/27 | 2,000,000 | 1,867,008 | |||||||||||
Horace Mann Educators Corp. (b) | 4.500 | % | 12/01/25 | 1,235,000 | 1,269,993 | |||||||||||
Jackson National Life Global Funding | 1.750 | % | 01/12/25 | 385,000 | 368,681 | |||||||||||
Kemper Corp. | 4.350 | % | 02/15/25 | 1,250,000 | 1,276,176 | |||||||||||
Marsh & McLennan Cos., Inc. | 3.750 | % | 03/14/26 | 1,000,000 | 1,015,649 | |||||||||||
Massachusetts Mutual Life Insurance Co. (a) | 3.375 | % | 04/15/50 | 1,500,000 | 1,347,450 | |||||||||||
Met Life Global Funding I (a) | 1.950 | % | 01/13/23 | 500,000 | 500,062 | |||||||||||
Met Life Global Funding I (a) | 3.600 | % | 01/11/24 | 1,750,000 | 1,775,352 | |||||||||||
New York Life Global Funding (a) | 2.900 | % | 01/17/24 | 3,000,000 | 3,005,430 | |||||||||||
OneBeacon US Holdings, Inc. | 4.600 | % | 11/09/22 | 1,000,000 | 1,010,938 | |||||||||||
Pacific Life Global Funding II (a) | 1.200 | % | 06/24/25 | 415,000 | 388,466 | |||||||||||
Primerica, Inc. | 2.800 | % | 11/19/31 | 1,000,000 | 922,531 | |||||||||||
Principal Financial Group, Inc. | 3.700 | % | 05/15/29 | 1,250,000 | 1,278,547 | |||||||||||
Prudential Financial, Inc. | 1.500 | % | 03/10/26 | 644,000 | 606,339 | |||||||||||
Prudential Financial, Inc. | 5.875 | % | 09/15/42 | 750,000 | 755,625 | |||||||||||
Prudential plc (b) | 3.125 | % | 04/14/30 | 750,000 | 726,707 | |||||||||||
Reliance STD Life Insurance Co. (a) | 2.750 | % | 05/07/25 | 1,280,000 | 1,255,118 | |||||||||||
RLI Corp. | 4.875 | % | 09/15/23 | 1,000,000 | 1,021,383 | |||||||||||
Sammons Financial Group, Inc. (a) | 4.450 | % | 05/12/27 | 1,200,000 | 1,234,869 | |||||||||||
Security Benefit Global, Series MTN (a) | 1.250 | % | 05/17/24 | 1,500,000 | 1,433,417 | |||||||||||
StanCorp Financial Group, Inc. | 5.000 | % | 08/15/22 | 1,250,000 | 1,260,792 | |||||||||||
Teachers Insurance & Annuity Association (a) | 4.375 | % | 09/15/54 | 2,678,000 | 2,683,646 | |||||||||||
Trustage Financial Group, Inc. (b) | 4.625 | % | 04/15/32 | 250,000 | 250,847 | |||||||||||
32,159,629 | ||||||||||||||||
INTERNET MEDIA & SERVICES - 0.1% | ||||||||||||||||
Alphabet, Inc. (b) | 0.450 | % | 08/15/25 | 890,000 | 830,333 | |||||||||||
LEISURE FACILITIES & SERVICES - 0.5% | ||||||||||||||||
Hyatt Hotels Corp. | 3.375 | % | 07/15/23 | 1,000,000 | 1,000,830 | |||||||||||
Marriott International, Inc. | 3.600 | % | 04/15/24 | 727,000 | 734,456 | |||||||||||
McDonald's Corp., Series MTN | 3.500 | % | 07/01/27 | 1,000,000 | 1,016,348 | |||||||||||
Starbucks Corp. (b) | 2.450 | % | 06/15/26 | 1,000,000 | 975,071 | |||||||||||
3,726,705 |
Schedule of Portfolio Investments (Continued)
Praxis Impact Bond Fund
CORPORATE BONDS - 42.0% (Continued) | Coupon | Maturity | Principal Amount | Fair Value | ||||||||||||
MACHINERY - 0.5% | ||||||||||||||||
Ingersoll-Rand Global Holding Co. Ltd. | 6.391 | % | 11/15/27 | $ | 655,000 | $ | 719,287 | |||||||||
John Deere Capital Corp. | 1.750 | % | 03/09/27 | 250,000 | 235,517 | |||||||||||
John Deere Capital Corp. | 3.050 | % | 01/06/28 | 1,250,000 | 1,239,096 | |||||||||||
Xylem, Inc. | 1.950 | % | 01/30/28 | 1,775,000 | 1,642,735 | |||||||||||
3,836,635 | ||||||||||||||||
MEDICAL EQUIPMENT & DEVICES - 0.4% | ||||||||||||||||
Agilent Technologies, Inc. | 3.875 | % | 07/15/23 | 1,250,000 | 1,268,600 | |||||||||||
Alcon Finance Corp. (a) | 2.600 | % | 05/27/30 | 1,250,000 | 1,150,930 | |||||||||||
2,419,530 | ||||||||||||||||
PERSONAL PRODUCTS - 0.1% | ||||||||||||||||
Estée Lauder Cos., Inc. (The) (b) | 2.600 | % | 04/15/30 | 1,000,000 | 961,871 | |||||||||||
PIPELINES - 0.1% | ||||||||||||||||
Northern Natural Gas Co. (a) | 4.100 | % | 09/15/42 | 1,000,000 | 1,015,547 | |||||||||||
REITS - 2.9% | ||||||||||||||||
Agree Ltd. Partnership | 2.900 | % | 10/01/30 | 650,000 | 606,743 | |||||||||||
Alexandria Real Estate Equities, Inc. (b) | 2.950 | % | 03/15/34 | 1,000,000 | 940,792 | |||||||||||
Boston Properties, L.P. (b) | 4.500 | % | 12/01/28 | 1,250,000 | 1,318,345 | |||||||||||
Camden Property Trust | 2.800 | % | 05/15/30 | 500,000 | 480,538 | |||||||||||
Duke Realty Trust, L.P. | 2.875 | % | 11/15/29 | 1,500,000 | 1,437,912 | |||||||||||
ERP Operating, L.P. | 4.150 | % | 12/01/28 | 1,250,000 | 1,292,384 | |||||||||||
ESSEX Portfolio, L.P. | 2.650 | % | 03/15/32 | 1,500,000 | 1,372,065 | |||||||||||
Federal Realty Investment Trust | 1.250 | % | 02/15/26 | 515,000 | 473,926 | |||||||||||
Kilroy Realty Corp. | 2.500 | % | 11/15/32 | 1,750,000 | 1,520,998 | |||||||||||
Kimco Realty Corp. | 2.700 | % | 10/01/30 | 1,750,000 | 1,639,431 | |||||||||||
Lexington Realty Trust | 2.700 | % | 09/15/30 | 1,500,000 | 1,383,990 | |||||||||||
Mid-America Apartment Communities, Inc. | 3.950 | % | 03/15/29 | 1,750,000 | 1,802,011 | |||||||||||
Ontario Teachers Cadillac Fairview Properties Trust (a) | 2.500 | % | 10/15/31 | 1,125,000 | 1,029,582 | |||||||||||
Regency Centers, L.P. | 3.750 | % | 06/15/24 | 1,000,000 | 1,011,332 | |||||||||||
Rexford Industrial Realty, L.P. | 2.150 | % | 09/01/31 | 1,750,000 | 1,519,101 | |||||||||||
Sun Communities Operating Ltd. | 2.700 | % | 07/15/31 | 500,000 | 451,068 | |||||||||||
UDR, Inc. | 1.900 | % | 03/15/33 | 1,000,000 | 835,376 | |||||||||||
Vornado Realty, L.P. | 3.500 | % | 01/15/25 | 567,000 | 564,723 |
Schedule of Portfolio Investments (Continued)
Praxis Impact Bond Fund
CORPORATE BONDS - 42.0% (Continued) | Coupon | Maturity | Principal Amount | Fair Value | ||||||||||||
REITS - 2.9% (Continued) | ||||||||||||||||
WP Carey, Inc. | 2.450 | % | 02/01/32 | $ | 985,000 | $ | 870,209 | |||||||||
20,550,526 | ||||||||||||||||
RETAIL - CONSUMER STAPLES - 0.2% | ||||||||||||||||
Kroger Co. (The) | 5.000 | % | 04/15/42 | 1,000,000 | 1,109,469 | |||||||||||
Walmart, Inc. | 1.800 | % | 09/22/31 | 500,000 | 454,841 | |||||||||||
1,564,310 | ||||||||||||||||
RETAIL - DISCRETIONARY - 0.5% | ||||||||||||||||
ERAC USA Finance, LLC (a) | 2.700 | % | 11/01/23 | 1,250,000 | 1,248,621 | |||||||||||
Lowe's Cos., Inc. | 4.650 | % | 04/15/42 | 1,000,000 | 1,076,744 | |||||||||||
Lowe's Cos., Inc. (b) | 3.000 | % | 10/15/50 | 500,000 | 425,376 | |||||||||||
Lowe's Cos., Inc. | 3.625 | % | 04/15/52 | 1,000,000 | 992,314 | |||||||||||
3,743,055 | ||||||||||||||||
SEMICONDUCTORS - 0.3% | ||||||||||||||||
Intel Corp. | 3.734 | % | 12/08/47 | 1,361,000 | 1,359,306 | |||||||||||
NVIDIA Corp. | 2.850 | % | 04/01/30 | 500,000 | 491,940 | |||||||||||
Skyworks Solutions, Inc. | 0.900 | % | 06/01/23 | 500,000 | 488,839 | |||||||||||
2,340,085 | ||||||||||||||||
SOFTWARE - 0.4% | ||||||||||||||||
Microsoft Corp. | 2.525 | % | 06/01/50 | 3,000,000 | 2,590,485 | |||||||||||
SPECIALTY FINANCE - 1.6% | ||||||||||||||||
American Express Credit Corp. | 3.000 | % | 10/30/24 | 1,000,000 | 1,003,832 | |||||||||||
BlueHub Loan Fund, Inc. | 3.099 | % | 01/01/30 | 1,030,000 | 1,013,928 | |||||||||||
Community Preservation Corp. (The) | 2.867 | % | 02/01/30 | 1,750,000 | 1,707,743 | |||||||||||
F&G Global Funding | 2.300 | % | 04/11/27 | 535,000 | 500,090 | |||||||||||
F&G Global Funding, Series 22-1A | 2.720 | % | 01/18/47 | 1,318,279 | 1,244,126 | |||||||||||
Fidelity National Financial, Inc. | 5.500 | % | 09/01/22 | 725,000 | 735,371 | |||||||||||
Fidelity National Financial, Inc. (b) | 3.400 | % | 06/15/30 | 500,000 | 481,499 | |||||||||||
GATX Corp. | 4.350 | % | 02/15/24 | 300,000 | 306,517 | |||||||||||
Low Income Investment Fund | 3.386 | % | 07/01/26 | 115,000 | 114,891 | |||||||||||
USAA Capital Corp. (a) | 1.500 | % | 05/01/23 | 1,000,000 | 990,684 | |||||||||||
USAA Capital Corp. (a) | 2.125 | % | 05/01/30 | 3,000,000 | 2,766,076 | |||||||||||
10,864,757 | ||||||||||||||||
STEEL - 0.4% | ||||||||||||||||
Nucor Corp. | 4.125 | % | 09/15/22 | 1,025,000 | 1,030,569 | |||||||||||
Nucor Corp. | 2.000 | % | 06/01/25 | 460,000 | 445,273 |
Schedule of Portfolio Investments (Continued)
Praxis Impact Bond Fund
CORPORATE BONDS - 42.0% (Continued) | Coupon | Maturity | Principal Amount | Fair Value | ||||||||||||
STEEL - 0.4% (Continued) | ||||||||||||||||
Reliance Steel & Aluminum Co. (b) | 4.500 | % | 04/15/23 | $ | 1,105,000 | $ | 1,126,994 | |||||||||
2,602,836 | ||||||||||||||||
TECHNOLOGY HARDWARE - 0.7% | ||||||||||||||||
Apple, Inc. | 2.850 | % | 02/23/23 | 1,250,000 | 1,260,401 | |||||||||||
Apple, Inc. | 3.000 | % | 06/20/27 | 1,000,000 | 1,011,517 | |||||||||||
Apple, Inc. | 2.650 | % | 05/11/50 | 1,000,000 | 871,013 | |||||||||||
Apple, Inc. | 2.650 | % | 02/08/51 | 2,000,000 | 1,725,167 | |||||||||||
4,868,098 | ||||||||||||||||
TECHNOLOGY SERVICES - 1.2% | ||||||||||||||||
Experian Finance plc (a)(b) | 2.750 | % | 03/08/30 | 635,000 | 602,618 | |||||||||||
Genpact Luxembourg S.A.R.L. | 3.700 | % | 04/01/22 | 1,100,000 | 1,100,000 | |||||||||||
HP, Inc. | 4.000 | % | 04/15/29 | 915,000 | 911,585 | |||||||||||
IBM Corp. | 3.300 | % | 05/15/26 | 1,000,000 | 1,010,471 | |||||||||||
Moody's Corp. | 3.250 | % | 05/20/50 | 500,000 | 447,029 | |||||||||||
Moody's Corp. | 3.750 | % | 02/25/52 | 1,000,000 | 985,568 | |||||||||||
RELX Capital, Inc. | 3.500 | % | 03/16/23 | 1,500,000 | 1,512,852 | |||||||||||
Visa, Inc. (b) | 0.750 | % | 08/15/27 | 1,770,000 | 1,603,171 | |||||||||||
8,173,294 | ||||||||||||||||
TELECOMMUNICATIONS - 0.8% | ||||||||||||||||
AT&T, Inc. | 5.250 | % | 03/01/37 | 500,000 | 568,351 | |||||||||||
AT&T, Inc. | 4.750 | % | 05/15/46 | 1,500,000 | 1,629,124 | |||||||||||
Verizon Communications, Inc. (b) | 3.875 | % | 02/08/29 | 1,000,000 | 1,040,340 | |||||||||||
Verizon Communications, Inc. | 1.500 | % | 09/18/30 | 1,000,000 | 868,392 | |||||||||||
Verizon Communications, Inc. | 2.987 | % | 10/30/56 | 1,799,000 | 1,480,728 | |||||||||||
5,586,935 | ||||||||||||||||
TRANSPORTATION & LOGISTICS - 1.3% | ||||||||||||||||
British Airways, Series 2013-1 (a) | 4.625 | % | 12/20/25 | 370,671 | 372,454 | |||||||||||
Burlington Northern Santa Fe, LLC | 5.750 | % | 05/01/40 | 1,000,000 | 1,246,154 | |||||||||||
Canadian Pacific Railway Co. | 2.050 | % | 03/05/30 | 1,750,000 | 1,603,074 | |||||||||||
Mexico City Airport Trust (a) | 4.250 | % | 10/31/26 | 497,000 | 491,414 | |||||||||||
Norfolk Southern Corp. | 4.837 | % | 10/01/41 | 1,000,000 | 1,126,911 | |||||||||||
Norfolk Southern Corp. | 3.050 | % | 05/15/50 | 1,500,000 | 1,336,129 | |||||||||||
Penske Truck Leasing Co. (a) | 3.450 | % | 07/01/24 | 1,250,000 | 1,252,604 | |||||||||||
TTX Co. (a) | 4.600 | % | 02/01/49 | 280,000 | 327,667 | |||||||||||
United Parcel Services, Inc. | 3.900 | % | 04/01/25 | 1,500,000 | 1,544,782 | |||||||||||
9,301,189 |
Schedule of Portfolio Investments (Continued)
Praxis Impact Bond Fund
CORPORATE BONDS - 42.0% (Continued) | Coupon | Maturity | Principal Amount | Fair Value | ||||||||||||
WHOLESALE - CONSUMER STAPLES - 0.3% | ||||||||||||||||
Bunge Ltd. Finance Corp. | 1.630 | % | 08/17/25 | $ | 395,000 | $ | 374,147 | |||||||||
Sysco Corp. (b) | 2.400 | % | 02/15/30 | 1,750,000 | 1,627,373 | |||||||||||
2,001,520 | ||||||||||||||||
TOTAL CORPORATE BONDS (COST $301,352,762) | $ | 293,545,774 | ||||||||||||||
CORPORATE NOTES - 1.1% | Coupon | Maturity | Principal Amount | Fair Value | ||||||||||||
COMMUNITY DEVELOPMENT - 1.1% | ||||||||||||||||
Calvert Social Investment Foundation, Inc. (d) | 2.000 | % | 06/15/22 | $ | 980,000 | $ | 980,000 | |||||||||
Calvert Social Investment Foundation, Inc. (d) | 0.400 | % | 12/15/22 | 500,000 | 500,000 | |||||||||||
Calvert Social Investment Foundation, Inc. (d) | 3.000 | % | 06/15/23 | 1,650,000 | 1,650,000 | |||||||||||
Calvert Social Investment Foundation, Inc. (d) | 3.000 | % | 12/15/23 | 950,000 | 950,000 | |||||||||||
Calvert Social Investment Foundation, Inc. (d) | 1.000 | % | 06/14/24 | 550,000 | 521,092 | |||||||||||
Calvert Social Investment Foundation, Inc. (d) | 3.000 | % | 06/17/24 | 980,000 | 980,000 | |||||||||||
Calvert Social Investment Foundation, Inc. (d) | 3.000 | % | 12/15/24 | 400,000 | 400,000 | |||||||||||
Calvert Social Investment Foundation, Inc. (d) | 2.500 | % | 06/13/25 | 1,400,000 | 1,344,127 | |||||||||||
Calvert Social Investment Foundation, Inc. (d) | 2.500 | % | 12/15/25 | 650,000 | 650,000 | |||||||||||
TOTAL CORPORATE NOTES (COST $8,060,000) | $ | 7,975,219 | ||||||||||||||
FOREIGN GOVERNMENTS - 8.0% | Coupon | Maturity | Principal Amount | Fair Value | ||||||||||||
FOREIGN AGENCY - 0.9% | ||||||||||||||||
BNG Bank N.V. (a)(b) | 1.500 | % | 10/16/24 | $ | 1,500,000 | $ | 1,461,909 | |||||||||
BNG Bank N.V. (a)(b) | 0.500 | % | 11/24/25 | 2,000,000 | 1,850,848 | |||||||||||
Kommunalbanken A.S. (a) | 2.125 | % | 02/11/25 | 1,000,000 | 988,000 | |||||||||||
Kommunivest I Sverige AB, Series MTN (a) | 0.375 | % | 06/19/24 | 500,000 | 477,440 | |||||||||||
Nederlandse Waterschapsbank N.V. (a)(b) | 3.125 | % | 12/05/22 | 1,500,000 | 1,515,690 | |||||||||||
6,293,887 | ||||||||||||||||
SUPRANATIONAL - 7.1% | ||||||||||||||||
African Development Bank | 0.750 | % | 04/03/23 | 5,000,000 | 4,942,609 | |||||||||||
Asian Development Bank | 2.125 | % | 03/19/25 | 1,000,000 | 987,055 | |||||||||||
Asian Development Bank | 3.125 | % | 09/26/28 | 1,000,000 | 1,035,150 |
Schedule of Portfolio Investments (Continued)
Praxis Impact Bond Fund
FOREIGN GOVERNMENTS - 8.0% (Continued) | Coupon | Maturity | Principal Amount | Fair Value | ||||||||||||
SUPRANATIONAL - 7.1% (Continued) | ||||||||||||||||
Central American Bank for Economic Integration (a) | 1.140 | % | 02/09/26 | $ | 1,200,000 | $ | 1,116,636 | |||||||||
European Bank for Reconstruction & Development | 1.625 | % | 09/27/24 | 1,250,000 | 1,223,261 | |||||||||||
European Bank for Reconstruction & Development | 1.500 | % | 02/13/25 | 200,000 | 193,923 | |||||||||||
European Investment Bank (b) | 2.500 | % | 10/15/24 | 1,000,000 | 1,000,595 | |||||||||||
European Investment Bank (a) | 2.875 | % | 06/13/25 | 1,000,000 | 1,009,280 | |||||||||||
European Investment Bank (b) | 2.125 | % | 04/13/26 | 1,000,000 | 983,178 | |||||||||||
European Investment Bank | 2.375 | % | 05/24/27 | 4,000,000 | 3,970,779 | |||||||||||
Inter-American Development Bank | 0.875 | % | 04/03/25 | 3,000,000 | 2,853,719 | |||||||||||
Inter-American Development Bank | 4.375 | % | 01/24/44 | 3,000,000 | 3,739,382 | |||||||||||
International Bank for Reconstruction & Development | 0.250 | % | 11/24/23 | 7,000,000 | 6,773,745 | |||||||||||
International Bank for Reconstruction & Development | 2.125 | % | 03/03/25 | 500,000 | 494,626 | |||||||||||
International Bank for Reconstruction & Development | 0.625 | % | 04/22/25 | 1,000,000 | 943,243 | |||||||||||
International Bank for Reconstruction & Development | 3.125 | % | 11/20/25 | 1,000,000 | 1,017,027 | |||||||||||
International Bank for Reconstruction & Development | 0.875 | % | 07/15/26 | 3,000,000 | 2,808,289 | |||||||||||
International Development Association (a) | 2.750 | % | 04/24/23 | 5,000,000 | 5,039,000 | |||||||||||
International Development Association (a) | 0.375 | % | 09/23/25 | 2,000,000 | 1,850,720 | |||||||||||
International Development Association (a)(b) | 0.875 | % | 04/28/26 | 2,000,000 | 1,876,089 | |||||||||||
International Finance Corp., Series GMTN | 0.500 | % | 03/20/23 | 2,500,000 | 2,467,900 | |||||||||||
International Finance Corp., Series GMTN | 2.125 | % | 04/07/26 | 3,000,000 | 2,954,204 | |||||||||||
49,280,410 | ||||||||||||||||
TOTAL FOREIGN GOVERNMENTS (COST $56,706,778) | $ | 55,574,297 |
Schedule of Portfolio Investments (Continued)
Praxis Impact Bond Fund
COMMERCIAL MORTGAGE-BACKED SECURITIES - 0.1% | Coupon | Maturity | Principal Amount | Fair Value | ||||||||||||
Commercial Mortgage Pass-Through Certificates, Class A-3 | 2.853 | % | 10/17/45 | $ | 993,930 | $ | 995,544 | |||||||||
ASSET BACKED SECURITIES - 3.4% | Coupon | Maturity | Principal Amount | Fair Value | ||||||||||||
Ahold Finance U.S.A., LLC | 8.620 | % | 01/02/25 | $ | 207,743 | $ | 225,183 | |||||||||
Beacon Container Finance II, LLC (a) | 2.250 | % | 10/22/46 | 996,927 | 924,188 | |||||||||||
Cards II Trust (a) | 0.602 | % | 04/15/27 | 2,250,000 | 2,148,619 | |||||||||||
DB Master Finance, LLC (a) | 2.493 | % | 11/20/51 | 2,019,938 | 1,818,289 | |||||||||||
Iowa Student Loan Liquidity Corp. Rev. | 1.730 | % | 08/25/70 | 1,348,395 | 1,250,231 | |||||||||||
Master Credit Card Trust II (a) | 1.990 | % | 09/21/24 | 4,000,000 | 3,993,730 | |||||||||||
SBA Tower Trust (a) | 3.448 | % | 03/15/48 | 1,250,000 | 1,250,176 | |||||||||||
SBA Tower Trust (a) | 2.836 | % | 01/15/50 | 282,000 | 277,604 | |||||||||||
SolarCity LMC, Series I, LLC (a)(e) | 4.800 | % | 12/20/26 | 344,700 | 346,637 | |||||||||||
Tesla Auto Lease Trust | 0.600 | % | 09/22/25 | 1,200,000 | 1,158,641 | |||||||||||
Textainer Marine Containers VII Ltd. (a) | 1.680 | % | 02/20/46 | 1,370,000 | 1,238,450 | |||||||||||
TIF Funding II, LLC (a) | 1.650 | % | 02/20/46 | 454,792 | 408,262 | |||||||||||
Toyota Auto Receivables Owner Trust | 0.260 | % | 11/17/25 | 3,000,000 | 2,909,673 | |||||||||||
Triton Container Finance VIII, LLC (a) | 1.860 | % | 03/20/46 | 1,601,250 | 1,448,770 | |||||||||||
Triumph Rail, LLC (a) | 2.150 | % | 06/19/51 | 2,006,945 | 1,863,613 | |||||||||||
Vantage Data Centers Issuer, LLC (a) | 2.165 | % | 10/15/46 | 2,000,000 | 1,872,388 | |||||||||||
Wendy's Funding, LLC (a) | 3.783 | % | 06/15/49 | 688,125 | 677,770 | |||||||||||
TOTAL ASSET BACKED SECURITIES (COST $25,139,655) | $ | 23,812,224 | ||||||||||||||
U.S. GOVERNMENT AGENCIES - 41.9% | Coupon | Maturity | Principal Amount | Fair Value | ||||||||||||
DEVELOPMENT FINANCE CORPORATION - 1.4% | ||||||||||||||||
DFC (PO) | 0.000 | % | 06/21/23 | $ | 1,000,000 | $ | 1,068,290 | |||||||||
DFC (c) | 0.130 | % | 09/15/26 | 750,000 | 750,000 | |||||||||||
DFC | 1.590 | % | 04/15/28 | 2,000,000 | 1,876,712 | |||||||||||
DFC | 1.650 | % | 04/15/28 | 3,500,000 | 3,294,414 | |||||||||||
DFC | 3.280 | % | 09/15/29 | 850,495 | 870,882 | |||||||||||
DFC | 3.540 | % | 06/15/30 | 485,305 | 498,115 | |||||||||||
DFC | 3.520 | % | 09/20/32 | 750,000 | 774,499 |
Schedule of Portfolio Investments (Continued)
Praxis Impact Bond Fund
U.S. GOVERNMENT AGENCIES - 41.9% (Continued) | Coupon | Maturity | Principal Amount | Fair Value | ||||||||||||
DEVELOPMENT FINANCE CORPORATION - 1.4% (Continued) | ||||||||||||||||
DFC | 3.820 | % | 06/01/33 | $ | 819,944 | $ | 857,582 | |||||||||
9,990,494 | ||||||||||||||||
FEDERAL HOME LOAN BANK - 4.8% | ||||||||||||||||
FHLB | 3.250 | % | 11/16/28 | 8,500,000 | 8,888,842 | |||||||||||
FHLB | 5.500 | % | 07/15/36 | 18,620,000 | 24,307,644 | |||||||||||
33,196,486 | ||||||||||||||||
FEDERAL HOME LOAN MORTGAGE CORPORATION - 11.3% | ||||||||||||||||
FHLMC | 4.000 | % | 11/01/24 | 55,264 | 56,833 | |||||||||||
FHLMC | 0.375 | % | 09/23/25 | 14,000,000 | 12,993,694 | |||||||||||
FHLMC | 4.000 | % | 10/01/25 | 34,221 | 35,203 | |||||||||||
FHLMC | 2.875 | % | 04/25/26 | 3,000,000 | 3,005,922 | |||||||||||
FHLMC | 6.000 | % | 04/01/27 | 51,835 | 55,329 | |||||||||||
FHLMC | 2.500 | % | 10/01/27 | 273,868 | 271,532 | |||||||||||
FHLMC | 2.738 | % | 04/25/29 | 2,335,571 | 2,329,753 | |||||||||||
FHLMC | 2.412 | % | 08/25/29 | 3,670,000 | 3,536,971 | |||||||||||
FHLMC | 7.000 | % | 02/01/30 | 14,758 | 14,808 | |||||||||||
FHLMC | 7.500 | % | 07/01/30 | 66,914 | 72,896 | |||||||||||
FHLMC | 1.487 | % | 11/25/30 | 2,500,000 | 2,236,920 | |||||||||||
FHLMC | 1.878 | % | 01/25/31 | 1,500,000 | 1,416,691 | |||||||||||
FHLMC | 2.000 | % | 01/25/31 | 3,000,000 | 2,809,179 | |||||||||||
FHLMC | 7.000 | % | 03/01/31 | 28,757 | 31,383 | |||||||||||
FHLMC | 1.777 | % | 10/25/31 | 2,000,000 | 1,822,129 | |||||||||||
FHLMC | 2.091 | % | 11/25/31 | 2,500,000 | 2,335,418 | |||||||||||
FHLMC | 6.250 | % | 07/15/32 | 1,550,000 | 2,058,210 | |||||||||||
FHLMC | 3.000 | % | 11/01/32 | 403,857 | 403,265 | |||||||||||
FHLMC | 3.000 | % | 11/01/32 | 527,251 | 526,478 | |||||||||||
FHLMC | 5.500 | % | 11/01/33 | 29,442 | 32,266 | |||||||||||
FHLMC (H15T1Y + 223.10) (c) | 2.356 | % | 05/01/34 | 4,862 | 4,869 | |||||||||||
FHLMC (H15T1Y + 223.10) (c) | 2.356 | % | 05/01/34 | 27,631 | 28,783 | |||||||||||
FHLMC | 1.783 | % | 06/25/34 | 2,084,061 | 1,909,310 | |||||||||||
FHLMC | 5.000 | % | 07/01/35 | 58,203 | 63,037 | |||||||||||
FHLMC | 4.500 | % | 10/01/35 | 80,951 | 86,215 | |||||||||||
FHLMC | 2.438 | % | 02/25/36 | 4,000,000 | 3,644,402 | |||||||||||
FHLMC | 5.500 | % | 03/01/36 | 23,292 | 25,532 | |||||||||||
FHLMC | 5.500 | % | 06/01/36 | 34,885 | 38,215 |
Schedule of Portfolio Investments (Continued)
Praxis Impact Bond Fund
U.S. GOVERNMENT AGENCIES - 41.9% (Continued) | Coupon | Maturity | Principal Amount | Fair Value | ||||||||||||
FEDERAL HOME LOAN MORTGAGE CORPORATION - 11.3% (Continued) | ||||||||||||||||
FHLMC | 6.000 | % | 06/01/36 | $ | 22,410 | $ | 23,980 | |||||||||
FHLMC | 5.500 | % | 12/01/36 | 27,535 | 30,229 | |||||||||||
FHLMC | 6.000 | % | 08/01/37 | 16,454 | 18,393 | |||||||||||
FHLMC | 5.000 | % | 03/01/38 | 138,634 | 150,140 | |||||||||||
FHLMC | 4.500 | % | 06/01/39 | 145,119 | 154,531 | |||||||||||
FHLMC | 5.000 | % | 06/01/39 | 207,450 | 224,742 | |||||||||||
FHLMC | 4.500 | % | 07/01/39 | 137,060 | 145,955 | |||||||||||
FHLMC | 4.500 | % | 11/01/39 | 123,791 | 131,852 | |||||||||||
FHLMC | 4.500 | % | 09/01/40 | 186,971 | 199,106 | |||||||||||
FHLMC | 4.500 | % | 05/01/41 | 356,492 | 378,739 | |||||||||||
FHLMC | 4.500 | % | 07/01/41 | 422,628 | 449,930 | |||||||||||
FHLMC | 5.000 | % | 09/01/41 | 187,965 | 203,528 | |||||||||||
FHLMC | 3.500 | % | 10/01/41 | 206,717 | 210,435 | |||||||||||
FHLMC | 4.000 | % | 10/01/41 | 214,948 | 224,481 | |||||||||||
FHLMC | 3.500 | % | 02/01/42 | 345,586 | 352,735 | |||||||||||
FHLMC | 4.000 | % | 02/01/42 | 96,453 | 100,850 | |||||||||||
FHLMC | 3.500 | % | 06/01/42 | 396,665 | 404,911 | |||||||||||
FHLMC | 3.500 | % | 06/01/42 | 407,048 | 414,947 | |||||||||||
FHLMC | 3.500 | % | 08/01/42 | 469,855 | 478,811 | |||||||||||
FHLMC | 3.000 | % | 11/01/42 | 886,201 | 885,795 | |||||||||||
FHLMC | 3.000 | % | 01/01/43 | 493,217 | 492,941 | |||||||||||
FHLMC | 3.000 | % | 05/01/43 | 703,823 | 703,066 | |||||||||||
FHLMC | 3.500 | % | 10/01/44 | 401,496 | 408,708 | |||||||||||
FHLMC | 3.500 | % | 11/01/44 | 360,740 | 367,802 | |||||||||||
FHLMC | 3.500 | % | 04/01/45 | 455,129 | 463,684 | |||||||||||
FHLMC | 3.000 | % | 05/01/46 | 795,799 | 791,362 | |||||||||||
FHLMC | 3.000 | % | 12/01/46 | 1,887,380 | 1,876,833 | |||||||||||
FHLMC | 3.500 | % | 03/01/48 | 2,157,987 | 2,189,395 | |||||||||||
FHLMC | 3.500 | % | 03/01/49 | 601,495 | 605,201 | |||||||||||
FHLMC | 3.500 | % | 07/01/49 | 992,596 | 998,005 | |||||||||||
FHLMC | 3.000 | % | 09/01/49 | 1,088,127 | 1,067,374 | |||||||||||
FHLMC | 3.000 | % | 07/01/50 | 2,705,586 | 2,650,550 | |||||||||||
FHLMC | 2.000 | % | 08/01/50 | 3,521,613 | 3,280,154 | |||||||||||
FHLMC | 2.000 | % | 01/01/51 | 8,645,396 | 8,051,790 |
Schedule of Portfolio Investments (Continued)
Praxis Impact Bond Fund
U.S. GOVERNMENT AGENCIES - 41.9% (Continued) | Coupon | Maturity | Principal Amount | Fair Value | ||||||||||||
FEDERAL HOME LOAN MORTGAGE CORPORATION - 11.3% (Continued) | ||||||||||||||||
FHLMC | 2.500 | % | 04/01/51 | $ | 8,611,170 | $ | 8,230,647 | |||||||||
79,206,845 | ||||||||||||||||
FEDERAL NATIONAL MORTGAGE ASSOCIATION - 24.2% | ||||||||||||||||
FNMA | 5.500 | % | 06/01/22 | 54 | 54 | |||||||||||
FNMA | 2.890 | % | 07/01/22 | 2,198,441 | 2,196,430 | |||||||||||
FNMA | 2.190 | % | 01/01/23 | 1,829,061 | 1,831,633 | |||||||||||
FNMA | 2.670 | % | 12/01/23 | 2,261,656 | 2,259,325 | |||||||||||
FNMA (c) | 2.554 | % | 07/25/24 | 2,807,195 | 2,802,263 | |||||||||||
FNMA | 2.890 | % | 12/01/24 | 4,000,000 | 4,016,254 | |||||||||||
FNMA | 3.080 | % | 12/01/24 | 2,160,773 | 2,175,314 | |||||||||||
FNMA | 2.710 | % | 01/01/25 | 4,500,000 | 4,514,715 | |||||||||||
FNMA | 5.000 | % | 04/01/25 | 25,351 | 26,765 | |||||||||||
FNMA | 0.500 | % | 06/17/25 | 3,000,000 | 2,811,628 | |||||||||||
FNMA | 5.000 | % | 07/01/25 | 20,229 | 21,272 | |||||||||||
FNMA | 3.500 | % | 10/01/25 | 35,050 | 35,796 | |||||||||||
FNMA | 5.000 | % | 10/01/25 | 29,257 | 30,767 | |||||||||||
FNMA | 5.500 | % | 11/01/25 | 8 | 9 | |||||||||||
FNMA | 0.500 | % | 11/07/25 | 12,000,000 | 11,171,792 | |||||||||||
FNMA | 4.000 | % | 03/01/26 | 155,715 | 160,333 | |||||||||||
FNMA | 2.910 | % | 04/01/26 | 3,000,000 | 2,988,390 | |||||||||||
FNMA | 2.125 | % | 04/24/26 | 2,000,000 | 1,970,594 | |||||||||||
FNMA | 2.254 | % | 07/25/26 | 445,983 | 431,901 | |||||||||||
FNMA | 8.500 | % | 09/01/26 | 4,963 | 4,996 | |||||||||||
FNMA | 2.500 | % | 09/01/27 | 326,278 | 323,283 | |||||||||||
FNMA | 0.750 | % | 10/08/27 | 10,000,000 | 9,102,989 | |||||||||||
FNMA | 2.500 | % | 11/01/27 | 507,013 | 502,356 | |||||||||||
FNMA | 2.500 | % | 01/01/28 | 334,784 | 331,710 | |||||||||||
FNMA (c) | 2.802 | % | 01/25/28 | 494,001 | 496,942 | |||||||||||
FNMA (c) | 3.430 | % | 06/25/28 | 1,835,238 | 1,892,991 | |||||||||||
FNMA | 2.522 | % | 08/25/29 | 5,799,005 | 5,707,897 | |||||||||||
FNMA | 0.875 | % | 08/05/30 | 19,000,000 | 16,590,482 | |||||||||||
FNMA | 6.625 | % | 11/15/30 | 12,750,000 | 16,710,108 | |||||||||||
FNMA (c) | 1.561 | % | 11/25/30 | 3,000,000 | 2,691,387 | |||||||||||
FNMA (c) | 1.383 | % | 12/25/30 | 5,000,000 | 4,456,245 |
Schedule of Portfolio Investments (Continued)
Praxis Impact Bond Fund
U.S. GOVERNMENT AGENCIES - 41.9% (Continued) | Coupon | Maturity | Principal Amount | Fair Value | ||||||||||||
FEDERAL NATIONAL MORTGAGE ASSOCIATION - 24.2% (Continued) | ||||||||||||||||
FNMA | 1.250 | % | 01/25/31 | $ | 3,000,000 | $ | 2,634,102 | |||||||||
FNMA | 1.376 | % | 03/25/31 | 1,000,000 | 886,863 | |||||||||||
FNMA | 2.000 | % | 01/01/32 | 1,367,430 | 1,333,264 | |||||||||||
FNMA | 3.000 | % | 12/01/32 | 584,393 | 578,898 | |||||||||||
FNMA | 6.000 | % | 10/01/33 | 20,218 | 22,263 | |||||||||||
FNMA | 5.500 | % | 02/01/34 | 23,371 | 25,575 | |||||||||||
FNMA (H15T1Y + 211.70) (c) | 2.242 | % | 05/01/34 | 26,839 | 27,782 | |||||||||||
FNMA | 6.000 | % | 11/01/34 | 62,396 | 69,219 | |||||||||||
FNMA | 5.500 | % | 01/01/35 | 32,574 | 35,643 | |||||||||||
FNMA | 2.500 | % | 02/01/35 | 1,354,532 | 1,340,732 | |||||||||||
FNMA | 5.000 | % | 10/01/35 | 53,467 | 57,816 | |||||||||||
FNMA | 5.500 | % | 10/01/35 | 65,709 | 71,972 | |||||||||||
FNMA | 6.000 | % | 10/01/35 | 35,838 | 39,709 | |||||||||||
FNMA | 5.500 | % | 06/01/36 | 18,908 | 20,547 | |||||||||||
FNMA | 6.000 | % | 06/01/36 | 16,469 | 18,370 | |||||||||||
FNMA | 5.500 | % | 11/01/36 | 22,109 | 24,243 | |||||||||||
FNMA (12MO LIBOR + 156.50) (c) | 1.940 | % | 05/01/37 | 2,159 | 2,206 | |||||||||||
FNMA | 5.625 | % | 07/15/37 | 2,750,000 | 3,691,490 | |||||||||||
FNMA | 4.500 | % | 09/01/40 | 111,552 | 118,298 | |||||||||||
FNMA | 4.500 | % | 10/01/40 | 110,349 | 117,052 | |||||||||||
FNMA | 4.000 | % | 12/01/40 | 291,707 | 304,776 | |||||||||||
FNMA | 4.000 | % | 01/01/41 | 203,042 | 212,386 | |||||||||||
FNMA | 3.500 | % | 02/01/41 | 299,147 | 305,072 | |||||||||||
FNMA | 4.000 | % | 10/01/41 | 162,462 | 169,167 | |||||||||||
FNMA | 4.000 | % | 11/01/41 | 170,303 | 177,333 | |||||||||||
FNMA | 4.000 | % | 12/01/41 | 213,817 | 222,885 | |||||||||||
FNMA | 4.000 | % | 12/01/41 | 355,770 | 370,801 | |||||||||||
FNMA | 4.000 | % | 01/01/42 | 671,576 | 707,321 | |||||||||||
FNMA | 3.500 | % | 05/01/42 | 339,406 | 345,637 | |||||||||||
FNMA | 3.000 | % | 06/01/42 | 630,073 | 629,481 | |||||||||||
FNMA | 3.000 | % | 08/01/42 | 459,772 | 459,342 | |||||||||||
FNMA | 3.000 | % | 08/01/42 | 514,042 | 513,561 | |||||||||||
FNMA | 3.500 | % | 12/01/42 | 712,779 | 727,065 | |||||||||||
FNMA | 3.000 | % | 06/01/43 | 573,735 | 571,699 | |||||||||||
FNMA | 4.000 | % | 12/01/44 | 814,105 | 849,557 |
Schedule of Portfolio Investments (Continued)
Praxis Impact Bond Fund
U.S. GOVERNMENT AGENCIES - 41.9% (Continued) | Coupon | Maturity | Principal Amount | Fair Value | ||||||||||||
FEDERAL NATIONAL MORTGAGE ASSOCIATION - 24.2% (Continued) | ||||||||||||||||
FNMA | 3.500 | % | 05/01/45 | $ | 932,859 | $ | 950,537 | |||||||||
FNMA | 3.000 | % | 04/01/46 | 739,862 | 734,026 | |||||||||||
FNMA | 3.500 | % | 11/01/46 | 1,246,352 | 1,269,736 | |||||||||||
FNMA | 4.000 | % | 10/01/48 | 631,781 | 646,689 | |||||||||||
FNMA | 4.000 | % | 11/01/48 | 1,490,473 | 1,584,093 | |||||||||||
FNMA | 3.500 | % | 05/01/49 | 516,268 | 519,079 | |||||||||||
FNMA | 4.000 | % | 06/01/49 | 811,576 | 829,484 | |||||||||||
FNMA | 3.500 | % | 08/01/49 | 2,033,003 | 2,043,414 | |||||||||||
FNMA | 3.000 | % | 09/01/49 | 1,044,888 | 1,024,445 | |||||||||||
FNMA | 3.000 | % | 06/01/50 | 2,156,997 | 2,116,390 | |||||||||||
FNMA | 2.500 | % | 07/01/50 | 3,358,033 | 3,210,775 | |||||||||||
FNMA | 2.500 | % | 08/01/50 | 2,363,026 | 2,260,604 | |||||||||||
FNMA | 3.000 | % | 08/01/50 | 3,814,931 | 3,742,764 | |||||||||||
FNMA | 2.000 | % | 11/01/50 | 5,794,890 | 5,398,464 | |||||||||||
FNMA | 2.000 | % | 01/01/51 | 10,370,506 | 9,659,823 | |||||||||||
FNMA | 2.000 | % | 02/01/51 | 6,121,586 | 5,699,932 | |||||||||||
FNMA | 2.500 | % | 04/01/51 | 11,658,396 | 11,142,293 | |||||||||||
168,771,296 | ||||||||||||||||
GOVERNMENT NATIONAL MORTGAGE ASSOCIATION - 0.0% (f) | ||||||||||||||||
GNMA | 7.000 | % | 12/20/30 | 9,681 | 10,508 | |||||||||||
GNMA | 7.000 | % | 10/20/31 | 7,399 | 8,159 | |||||||||||
GNMA | 7.000 | % | 03/20/32 | 30,932 | 34,269 | |||||||||||
GNMA (H15T1Y + 150) (c) | 2.000 | % | 01/20/34 | 22,118 | 22,884 | |||||||||||
GNMA | 5.500 | % | 10/20/38 | 5,243 | 5,503 | |||||||||||
GNMA | 6.500 | % | 11/20/38 | 3,361 | 3,575 | |||||||||||
84,898 | ||||||||||||||||
SMALL BUSINESS ADMINISTRATION - 0.0% (f) | ||||||||||||||||
SBA (Prime - 2.65) (c) | 0.600 | % | 02/25/32 | 107,487 | 108,490 |
Schedule of Portfolio Investments (Continued)
Praxis Impact Bond Fund
U.S. GOVERNMENT AGENCIES - 41.9% (Continued) | Coupon | Maturity | Principal Amount | Fair Value | ||||||||||||
UNITED STATES AGENCY OF INTERNATIONAL DEVELOPMENT - 0.2% | ||||||||||||||||
Hashemite Kingdom of Jordan AID Bond | 3.000 | % | 06/30/25 | $ | 1,450,000 | $ | 1,466,359 | |||||||||
TOTAL U.S. GOVERNMENT AGENCIES (COST $305,725,497) | $ | 292,824,868 | ||||||||||||||
MONEY MARKET FUNDS - 1.3% | Shares | Fair Value | ||||||||||||||
First American Government Obligations Fund - Class X, 0.03% (g) (COST $8,864,979) | 8,864,979 | $ | 8,864,979 | |||||||||||||
INVESTMENT PURCHASED WITH THE CASH PROCEEDS FROM SECURITIES LENDING - 5.1% | Shares | Fair Value | ||||||||||||||
Mount Vernon Liquid Assets Portfolio, LLC, 0.41% (g)(h) (COST $35,825,363) | 35,825,363 | $ | 35,825,363 | |||||||||||||
INVESTMENT COMPANIES - 0.5% | Shares | Fair Value | ||||||||||||||
Pax High Yield Bond Fund - Institutional Class (COST $4,199,236) | 530,984 | $ | 3,430,155 | |||||||||||||
TOTAL INVESTMENTS - (COST $755,270,278) - 104.5% | $ | 730,754,756 | ||||||||||||||
LIABILITIES IN EXCESS OF OTHER ASSETS - (4.5%) | (31,380,799 | ) | ||||||||||||||
NET ASSETS - 100.0% | $ | 699,373,957 |
(a) | 144a security may only be resold to qualified institutional investors. These securities were deemed liquid under guidelines established by the Board of Trustees. As of March 31, 2022, these securities were valued at $87,820,339 or 12.6% of net assets. |
(b) | All or a portion of the security is on loan. The total fair value of the securities on loan as of March 31, 2022 was $35,126,411. |
(c) | Variable rate security. Interest rate resets periodically. The rate shown is the effective interest rate as of March 31, 2022. For securities based on a published reference rate and spread, the reference rate and spread (in basis points) are indicated parenthetically. Certain variable rate securities are not based on a published reference rate and spread but are determined by the issuer or agent and are based on current market conditions. These securities, therefore, do not indicate a reference rate and spread. |
(d) | Restricted and illiquid securities not registered under the Securities Act of 1933 are as follows:
|
Acquisition | Current | Fair | % of Net | |||||||||||||
Date | Cost | Value | Assets | |||||||||||||
Calvert Social Investment Foundation, Inc. 2.000%, 06/15/22 | 06/17/19 | $ | 980,000 | $ | 980,000 | 0.1 | % | |||||||||
Calvert Social Investment Foundation, Inc. 0.400%, 12/15/22 | 12/15/21 | 500,000 | 500,000 | 0.1 | % | |||||||||||
Calvert Social Investment Foundation, Inc. 3.000%, 06/15/23 | 06/18/18 | 1,650,000 | 1,650,000 | 0.2 | % | |||||||||||
Calvert Social Investment Foundation, Inc. 3.000%, 12/15/23 | 12/17/18 | 950,000 | 950,000 | 0.1 | % | |||||||||||
Calvert Social Investment Foundation, Inc. 1.000%, 06/14/24 | 06/15/21 | 550,000 | 521,092 | 0.1 | % | |||||||||||
Calvert Social Investment Foundation, Inc. 3.000%, 06/17/24 | 06/17/19 | 980,000 | 980,000 | 0.1 | % | |||||||||||
Calvert Social Investment Foundation, Inc. 3.000%, 12/15/24 | 12/12/19 | 400,000 | 400,000 | 0.1 | % | |||||||||||
Calvert Social Investment Foundation, Inc. 2.500%, 06/13/25 | 06/12/20 | 1,400,000 | 1,344,127 | 0.2 | % | |||||||||||
Calvert Social Investment Foundation, Inc. 2.500%, 12/15/25 | 12/15/20 | 650,000 | 650,000 | 0.1 | % | |||||||||||
$ | 8,060,000 | $ | 7,975,219 | 1.1 | % |
(e) | Security value has been determined in good faith pursuant to procedures adopted by the Board of Trustees. The total fair value of such securities was $346,637 as of March 31, 2022, representing 0.0% (f) of net assets. |
(f) | Percentage rounds to less than 0.1%. |
(g) | The rate shown is the 7-day effective yield as of March 31, 2022. |
(h) | The security was purchased with cash collateral received from securities on loan. |
GMNT - Global Medium-Term Note |
H15T1Y - U.S. Treasury yield curve rate for U.S. Treasury note with a constant maturity of 1 year |
LIBOR - London Interbank Offered Rate |
plc - Public Liability Company |
PO - Principal Only security with a redemption price above par |
SOFR - Secured Overnight Financing Rate |
Schedule of Portfolio Investments | ||
Praxis International Index Fund | ||
March 31, 2022 (Unaudited) |
COMMON STOCKS - 98.2% | Shares | Fair Value | ||||||
AUSTRALIA - 4.5% | ||||||||
ASX Ltd. | 6,094 | $ | 370,716 | |||||
Australia & New Zealand Banking Group Ltd. | 40,646 | 832,916 | ||||||
BlueScope Steel Ltd. | 12,639 | 196,547 | ||||||
Brambles Ltd. | 31,957 | 235,842 | ||||||
Coles Group Ltd. | 20,682 | 276,437 | ||||||
Commonwealth Bank of Australia | 14,733 | 1,160,313 | ||||||
CSL Ltd. - ADR | 7,282 | 726,380 | ||||||
CSL Ltd. | 3,640 | 726,733 | ||||||
Dexus | 158,141 | 1,290,913 | ||||||
Fortescue Metals Group Ltd. | 63,440 | 975,236 | ||||||
Goodman Group | 44,189 | 751,094 | ||||||
GPT Group (The) | 86,547 | 333,854 | ||||||
Macquarie Group Ltd. - ADR | 2,747 | 412,929 | ||||||
Macquarie Group Ltd. | 2,144 | 324,261 | ||||||
Mirvac Group | 157,601 | 293,667 | ||||||
National Australia Bank Ltd. | 36,653 | 882,458 | ||||||
REA Group Ltd. | 2,913 | 292,040 | ||||||
Scentre Group | 175,279 | 398,543 | ||||||
SEEK Ltd. | 32,750 | 721,273 | ||||||
Sonic Healthcare Ltd. | 7,195 | 189,973 | ||||||
Stockland | 68,242 | 216,269 | ||||||
Transurban Group | 154,802 | 1,564,185 | ||||||
Vicinity Centres | 397,679 | 551,867 | ||||||
Wesfarmers Ltd. | 24,534 | 920,671 | ||||||
Woodside Petroleum Ltd. | 68,683 | 1,650,628 | ||||||
Woolworths Group Ltd. | 28,598 | 794,056 | ||||||
17,089,801 | ||||||||
AUSTRIA - 0.4% | ||||||||
Raiffeisen Bank International AG | 47,600 | 675,821 | ||||||
Verbund AG | 8,891 | 938,984 | ||||||
1,614,805 | ||||||||
BELGIUM - 0.5% | ||||||||
KBC Group N.V. - ADR | 1,592 | 57,137 | ||||||
KBC Group N.V. | 12,601 | 904,167 | ||||||
UCB S.A. | 5,691 | 680,668 |
Schedule of Portfolio Investments (Continued) | ||
Praxis International Index Fund |
COMMON STOCKS - 98.2% (Continued) | Shares | Fair Value | ||||||
BELGIUM - 0.5% (Continued) | ||||||||
Umicore S.A. | 4,375 | $ | 189,131 | |||||
1,831,103 | ||||||||
BERMUDA - 0.4% | ||||||||
Credicorp Ltd. | 5,427 | 932,739 | ||||||
Shenzhen International Holdings Ltd. | 498,500 | 524,335 | ||||||
1,457,074 | ||||||||
BRAZIL - 1.8% | ||||||||
Banco Bradesco S.A. - ADR | 221,098 | 1,025,895 | ||||||
Banco do Brasil S.A. - ADR | 74,607 | 543,139 | ||||||
Banco Santander Brasil S.A. - ADR (a) | 143,531 | 1,105,189 | ||||||
Cia Energética de Minas Gerais - ADR | 73,373 | 236,261 | ||||||
Cia Siderurgica Nacional S.A. - ADR | 92,182 | 499,626 | ||||||
Gerdau S.A. - ADR | 79,331 | 510,098 | ||||||
Getnet Adquirencia e Servicos para Meios de Pagamento S.A. - ADR | 7,516 | 11,650 | ||||||
Natura & Co. Holding S.A. - ADR (a)(b) | 20,560 | 224,515 | ||||||
Sendas Distribuidora S.A. - ADR | 17,197 | 295,444 | ||||||
Suzano S.A. - ADR (a) | 45,067 | 523,679 | ||||||
Telefónica Brasil S.A. - ADR (a) | 91,332 | 1,027,485 | ||||||
TIM S.A. - ADR | 41,217 | 597,647 | ||||||
6,600,628 | ||||||||
CANADA - 8.1% | ||||||||
Bank of Montreal | 15,739 | 1,856,730 | ||||||
Bank of Nova Scotia (The) (a) | 24,281 | 1,741,433 | ||||||
Cameco Corp. | 11,300 | 328,830 | ||||||
Canadian Imperial Bank of Commerce | 12,264 | 1,492,406 | ||||||
Canadian National Railway Co. | 15,841 | 2,124,912 | ||||||
Canadian Pacific Railway Ltd. | 16,665 | 1,375,529 | ||||||
CGI, Inc. (b) | 8,100 | 646,623 | ||||||
Franco-Nevada Corp. | 12,761 | 2,035,635 | ||||||
Gildan Activewear, Inc. (a) | 18,362 | 688,208 | ||||||
Manulife Financial Corp. | 76,580 | 1,634,983 | ||||||
Methanex Corp. | 15,712 | 857,247 | ||||||
Nutrien Ltd. | 11,229 | 1,167,703 | ||||||
Open Text Corp. | 11,725 | 497,140 | ||||||
Restaurant Brands International, Inc. | 11,589 | 676,682 |
Schedule of Portfolio Investments (Continued) | ||
Praxis International Index Fund |
COMMON STOCKS - 98.2% (Continued) | Shares | Fair Value | ||||||
CANADA - 8.1% (Continued) | ||||||||
Royal Bank of Canada (a) | 32,068 | $ | 3,536,138 | |||||
Shopify, Inc. - Class A (b) | 1,369 | 925,389 | ||||||
Sun Life Financial, Inc. | 17,330 | 967,534 | ||||||
Teck Resources Ltd. - Class B | 44,613 | 1,801,919 | ||||||
Thomson Reuters Corp. | 20,428 | 2,223,588 | ||||||
Toronto-Dominion Bank (The) | 26,902 | 2,136,557 | ||||||
Wheaton Precious Metals Corp. | 35,755 | 1,701,223 | ||||||
30,416,409 | ||||||||
CAYMAN ISLANDS - 4.9% | ||||||||
360 Finance, Inc. - ADR (b) | 8,832 | 135,924 | ||||||
51job, Inc. - ADR (a)(b) | 3,969 | 232,385 | ||||||
Alibaba Group Holding Ltd. - ADR (b) | 24,492 | 2,664,730 | ||||||
Autohome, Inc. - ADR | 2,537 | 77,150 | ||||||
Baidu, Inc. - ADR (b) | 5,844 | 773,161 | ||||||
China Literature Ltd. (b) | 71,400 | 292,414 | ||||||
China Mengniu Dairy Co. Ltd. | 58,000 | 310,962 | ||||||
Daqo New Energy Corp. - ADR (b) | 1,141 | 47,146 | ||||||
ENN Energy Holdings Ltd. | 21,000 | 313,655 | ||||||
GDS Holdings Ltd. - ADR (a)(b) | 7,304 | 286,682 | ||||||
Genscript Biotech Corp. (b) | 112,000 | 351,344 | ||||||
Hello Group, Inc. - ADR | 18,942 | 109,485 | ||||||
Hengan International Group Co. Ltd. | 99,000 | 456,171 | ||||||
JD.com, Inc. - ADR (b) | 11,792 | 682,403 | ||||||
JOYY, Inc. - ADR (a) | 3,990 | 146,553 | ||||||
Kingboard Holdings Ltd. | 41,000 | 197,749 | ||||||
Kingdee International Software Group Co. Ltd. (b) | 100,000 | 219,093 | ||||||
Li Auto, Inc. - Class A (b) | 8,962 | 231,309 | ||||||
Meituan - ADR (b) | 24,846 | 943,154 | ||||||
NetEase, Inc. - ADR (a) | 13,759 | 1,234,045 | ||||||
New Oriental Education & Technology Group, Inc. - ADR (b) | 122,477 | 140,848 | ||||||
NIO, Inc. - ADR (a)(b) | 17,995 | 378,795 | ||||||
Noah Holdings Ltd. - ADR (b) | 6,771 | 159,322 | ||||||
Shenzhou International Group Holdings Ltd. | 48,000 | 633,699 | ||||||
Sunny Optical Technology Group Co. Ltd. | 21,900 | 347,802 | ||||||
TAL Education Group - ADR (a)(b) | 61,874 | 186,241 | ||||||
Tencent Holdings Ltd. - ADR (a) | 89,337 | 4,147,023 |
Schedule of Portfolio Investments (Continued) | ||
Praxis International Index Fund |
COMMON STOCKS - 98.2% (Continued) | Shares | Fair Value | ||||||
CAYMAN ISLANDS - 4.9% (Continued) | ||||||||
Tingyi Cayman Islands Holding Corp. | 172,000 | $ | 288,418 | |||||
Trip.com Group Ltd. - ADR (b) | 19,303 | 446,285 | ||||||
Vipshop Holdings Ltd. - ADR (b) | 21,137 | 190,233 | ||||||
VNET Group, Inc. - ADR (a)(b) | 23,314 | 135,921 | ||||||
WuXi Biologics Cayman, Inc. (b) | 130,072 | 1,032,853 | ||||||
XPeng, Inc. - ADR (b) | 3,834 | 105,780 | ||||||
ZTO Express Cayman, Inc. - ADR (a) | 19,738 | 493,450 | ||||||
18,392,185 | ||||||||
CHILE - 0.3% | ||||||||
Enel Americas S.A. - ADR (a) | 53,811 | 321,252 | ||||||
Sociedad Quimica y Minera de Chile S.A. - ADR | 10,597 | 907,103 | ||||||
1,228,355 | ||||||||
CHINA - 2.8% | ||||||||
Agricultural Bank of China Ltd. - H Shares | 1,583,000 | 605,156 | ||||||
ANTA Sports Products Ltd. | 50,400 | 625,214 | ||||||
Bank of China Ltd. - H Shares | 1,903,000 | 759,405 | ||||||
BYD Co. Ltd. - H Shares | 12,500 | 347,692 | ||||||
China Life Insurance Co. Ltd. - H Shares | 376,000 | 572,847 | ||||||
China Merchants Bank Co. Ltd. - H Shares | 82,820 | 644,708 | ||||||
China Pacific Insurance Group Co. Ltd. - H Shares | 100,200 | 242,435 | ||||||
China Resources Land Ltd. | 134,000 | 620,441 | ||||||
China Vanke Co. Ltd. - H Shares | 244,874 | 550,791 | ||||||
COSCO SHIPPING Holdings Co. Ltd. - H Shares (b) | 87,500 | 152,586 | ||||||
Haier Smart Home Co. Ltd. - H Shares | 241,230 | 771,331 | ||||||
Huatai Securities Co. Ltd. - H Shares | 117,400 | 179,658 | ||||||
Industrial & Commercial Bank of China Ltd. - H Shares | 1,118,000 | 685,394 | ||||||
iQIYI, Inc. - ADR (a)(b) | 35,550 | 161,397 | ||||||
Jiangsu Expressway Co. Ltd. - H Shares | 510,000 | 532,619 | ||||||
New World Development Co. Ltd. | 72,768 | 295,231 | ||||||
Ping An Insurance Group Co. of China Ltd. - H Shares | 254,818 | 1,781,454 | ||||||
Sinopharm Group Co. Ltd. - H Shares | 427,200 | 969,769 | ||||||
TravelSky Technology Ltd. - H Shares | 111,000 | 159,235 | ||||||
10,657,363 | ||||||||
COLOMBIA - 0.4% | ||||||||
Bancolombia S.A. - ADR | 32,931 | 1,404,836 |
Schedule of Portfolio Investments (Continued) | ||
Praxis International Index Fund |
COMMON STOCKS - 98.2% (Continued) | Shares | Fair Value | ||||||
DENMARK - 1.9% | ||||||||
A.P. Moller-Maersk A/S - Series B | 131 | $ | 393,721 | |||||
Chr. Hansen Holding A/S | 1,812 | 133,074 | ||||||
Coloplast A/S - Series B | 3,561 | 539,369 | ||||||
DSV A/S | 4,551 | 872,382 | ||||||
Genmab A/S (b) | 932 | 336,655 | ||||||
Novo Nordisk A/S - ADR | 30,237 | 3,357,819 | ||||||
Novozymes A/S - Class B | 3,368 | 231,951 | ||||||
Orsted A/S (b) | 3,039 | 380,465 | ||||||
Pandora A/S | 2,532 | 241,253 | ||||||
Vestas Wind Systems A/S | 21,015 | 616,582 | ||||||
7,103,271 | ||||||||
FINLAND - 0.5% | ||||||||
Neste OYJ | 16,349 | 745,448 | ||||||
Nokia Corp. - ADR (b) | 120,955 | 660,414 | ||||||
UPM-Kymmene OYJ | 20,395 | 666,040 | ||||||
2,071,902 | ||||||||
FRANCE - 6.4% | ||||||||
Aeroports de Paris (b) | 1,860 | 278,158 | ||||||
Air Liquide S.A. - ADR | 1,207 | 42,197 | ||||||
Air Liquide S.A. | 8,844 | 1,547,298 | ||||||
Alstom S.A. - ADR | 41,500 | 95,450 | ||||||
Alstom S.A. | 3,311 | 77,478 | ||||||
AXA S.A. - ADR | 7,561 | 220,554 | ||||||
AXA S.A. | 56,866 | 1,664,815 | ||||||
Bollore S.A. | 82,440 | 431,718 | ||||||
Capgemini SE - ADR | 6,425 | 285,527 | ||||||
Capgemini SE | 2,481 | 550,575 | ||||||
Carrefour S.A. | 14,741 | 320,814 | ||||||
Cie Generale des Etablissements Michelin SCA - ADR | 18,110 | 489,332 | ||||||
Cie Generale des Etablissements Michelin SCA | 4,519 | 612,432 | ||||||
CNP Assurances | 24,456 | 588,801 | ||||||
Covivio | 5,514 | 438,853 | ||||||
Danone S.A. - ADR | 54,195 | 598,313 | ||||||
Danone S.A. | 8,808 | 486,610 | ||||||
Dassault Systemes SE - ADR | 3,725 | 183,717 | ||||||
Dassault Systemes SE | 15,295 | 751,468 |
Schedule of Portfolio Investments (Continued) | ||
Praxis International Index Fund |
COMMON STOCKS - 98.2% (Continued) | Shares | Fair Value | ||||||
FRANCE - 6.4% (Continued) | ||||||||
EssilorLuxottica S.A. | 4,430 | $ | 810,255 | |||||
Eurofins Scientific SE | 2,307 | 228,229 | ||||||
Faurecia SE | 3,770 | 98,059 | ||||||
Getlink SE | 32,859 | 591,815 | ||||||
Groupe Bruxelles Lambert S.A. | 6,989 | 723,240 | ||||||
Henkel AG & Co. KGaA | 1,633 | 107,792 | ||||||
Hermes International | 830 | 1,174,809 | ||||||
Kering S.A. | 1,378 | 870,022 | ||||||
Klepierre S.A. | 15,984 | 425,586 | ||||||
Legrand S.A. | 10,029 | 953,580 | ||||||
L'Oreal S.A. - ADR | 21,745 | 1,742,644 | ||||||
L'Oreal S.A. | 1,380 | 551,268 | ||||||
Publicis Groupe S.A. | 8,339 | 506,155 | ||||||
Sartorius Sedim Biotech | 1,319 | 540,051 | ||||||
Schneider Electric SE | 9,145 | 1,535,450 | ||||||
Societe Generale S.A. | 15,878 | 425,673 | ||||||
Solvay S.A. | 2,892 | 285,040 | ||||||
Teleperformance | 1,454 | 553,860 | ||||||
Ubisoft Entertainment S.A. (b) | 1,204 | 52,910 | ||||||
Unibail-Rodamco-Westfield (b) | 5,251 | 393,362 | ||||||
Unibail-Rodamco-Westfield - CDI (b) | 45,646 | 170,860 | ||||||
Valeo | 31,499 | 581,852 | ||||||
Vivendi SE - ADR | 5,023 | 65,199 | ||||||
Vivendi SE | 17,630 | 230,342 | ||||||
Wendel SE | 6,535 | 665,525 | ||||||
Worldline S.A. (b) | 6,762 | 293,490 | ||||||
24,241,178 | ||||||||
GERMANY - 4.3% | ||||||||
adidas AG - ADR | 2,402 | 280,602 | ||||||
adidas AG | 1,323 | 308,312 | ||||||
Allianz SE - ADR | 76,050 | 1,808,469 | ||||||
Allianz SE | 880 | 210,164 | ||||||
BASF SE | 5,195 | 296,448 | ||||||
Bayerische Moteren Werke AG - ADR | 2 | 58 | ||||||
Continental AG - ADR (b) | 7,120 | 50,979 | ||||||
Continental AG (b) | 6,863 | 492,013 |
Schedule of Portfolio Investments (Continued) | ||
Praxis International Index Fund |
COMMON STOCKS - 98.2% (Continued) | Shares | Fair Value | ||||||
GERMANY - 4.3% (Continued) | ||||||||
Covestro AG | 7,156 | $ | 360,365 | |||||
Daimler Truck Holding AG (b) | 9,334 | 258,894 | ||||||
Deutsche Boerse AG | 5,016 | 902,989 | ||||||
Deutsche Post AG - ADR | 14,832 | 709,415 | ||||||
Deutsche Post AG | 10,161 | 485,236 | ||||||
Deutsche Telekom AG - ADR | 30,009 | 558,768 | ||||||
Deutsche Telekom AG | 25,629 | 477,347 | ||||||
Fast Retailing Co. Ltd. - ADR | 1,220 | 62,623 | ||||||
Fraport AG Frankfurt Airport Services Worldwide (b) | 7,950 | 440,722 | ||||||
Henkel AG & Co. KGaA - ADR | 11,920 | 193,700 | ||||||
Infineon Technologies AG - ADR | 12,109 | 411,343 | ||||||
Infineon Technologies AG | 8,718 | 294,948 | ||||||
Mercedes-Benz Group AG | 18,669 | 1,310,448 | ||||||
Merck KGaA | 2,316 | 483,690 | ||||||
Muenchener Rueckversicherungs-Gesellschaft AG - ADR | 18,890 | 502,852 | ||||||
Muenchener Rueckversicherungs-Gesellschaft AG | 1,787 | 477,765 | ||||||
RWE AG | 5,116 | 222,777 | ||||||
Sartorius AG | 493 | 217,596 | ||||||
Siemens AG | 10,943 | 1,515,340 | ||||||
Symrise AG | 4,190 | 502,381 | ||||||
Telefonica Deutschland Holding AG | 166,204 | 452,068 | ||||||
Vitesco Technologies Group AG (b) | 973 | 38,601 | ||||||
Vonovia SE | 35,563 | 1,657,707 | ||||||
Zalando SE (b) | 6,837 | 346,207 | ||||||
16,330,827 | ||||||||
HONG KONG - 2.2% | ||||||||
AAC Technologies Holdings, Inc. | 103,000 | 244,776 | ||||||
AIA Group Ltd. - ADR | 35,313 | 1,477,496 | ||||||
AIA Group Ltd. | 57,569 | 601,130 | ||||||
Hang Seng Bank Ltd. | 26,900 | 517,362 | ||||||
Hong Kong Exchanges & Clearing Ltd. | 26,978 | 1,264,552 | ||||||
Lenovo Group Ltd. | 562,000 | 608,792 | ||||||
Link REIT | 95,500 | 813,302 | ||||||
New China Life Insurance Co. Ltd. - H Shares | 87,400 | 242,418 | ||||||
Shandong Weigao Group Medical Polymer Co. Ltd. - H Shares | 132,000 | 140,200 | ||||||
Sino Land Co. Ltd. | 144,000 | 185,676 |
Schedule of Portfolio Investments (Continued) | ||
Praxis International Index Fund |
COMMON STOCKS - 98.2% (Continued) | Shares | Fair Value | ||||||
HONG KONG - 2.2% (Continued) | ||||||||
Swire Properties Ltd. | 206,350 | $ | 509,934 | |||||
Techtronic Industries Co. Ltd. | 24,500 | 392,527 | ||||||
Wharf Holdings Ltd. (The) | 166,000 | 505,621 | ||||||
Zhongsheng Group Holdings Ltd. | 86,000 | 604,687 | ||||||
8,108,473 | ||||||||
INDIA - 3.0% | ||||||||
HDFC Bank Ltd. - ADR | 30,589 | 1,876,023 | ||||||
ICICI Bank Ltd. - ADR | 144,722 | 2,741,035 | ||||||
Infosys Ltd. - ADR | 160,710 | 4,000,072 | ||||||
Wipro Ltd. - ADR | 363,009 | 2,798,799 | ||||||
11,415,929 | ||||||||
INDONESIA - 0.7% | ||||||||
Bank Mandiri Persero Tbk PT - ADR | 87,101 | 955,498 | ||||||
Telkom Indonesia Persero Tbk PT - ADR | 50,040 | 1,598,778 | ||||||
2,554,276 | ||||||||
IRELAND - 0.4% | ||||||||
CRH plc - ADR (a) | 14,500 | 580,870 | ||||||
Kingspan Group plc | 2,206 | 215,642 | ||||||
Smurfit Kappa Group plc | 14,247 | 632,853 | ||||||
1,429,365 | ||||||||
ISRAEL - 0.5% | ||||||||
Check Point Software Technologies Ltd. (b) | 4,473 | 618,437 | ||||||
CyberArk Software Ltd. (b) | 2,299 | 387,956 | ||||||
ICL Group Ltd. (a) | 33,089 | 399,384 | ||||||
Nice Ltd. - ADR (b) | 2,630 | 575,970 | ||||||
1,981,747 | ||||||||
ITALY - 1.5% | ||||||||
Assicurazioni Generali S.p.A. | 41,464 | 948,429 | ||||||
Enel S.p.A. | 97,377 | 650,202 | ||||||
Intesa Sanpaolo S.p.A. | 437,287 | 1,000,908 | ||||||
Mediobanca Banca di Credito Finanziario S.p.A. | 29,677 | 299,919 | ||||||
Moncler S.p.A. | 7,061 | 391,781 | ||||||
Poste Italiane S.p.A. | 60,428 | 685,332 | ||||||
Terna - Rete Elettrica Nazionale | 134,579 | 1,155,738 | ||||||
UniCredit S.p.A. | 52,597 | 567,438 | ||||||
5,699,747 |
Schedule of Portfolio Investments (Continued) | ||
Praxis International Index Fund |
COMMON STOCKS - 98.2% (Continued) | Shares | Fair Value | ||||||
JAPAN - 14.3% | ||||||||
Advantest Corp. | 4,800 | $ | 374,801 | |||||
Aeon Co. Ltd. | 7,900 | 168,469 | ||||||
AGC, Inc. | 10,000 | 399,603 | ||||||
Asahi Kasei Corp. | 50,000 | 432,530 | ||||||
Azbil Corp. | 3,900 | 129,456 | ||||||
Bandai Namco Holdings, Inc. | 2,300 | 175,573 | ||||||
Bridgestone Corp. | 28,756 | 1,116,324 | ||||||
Brothers Industries Ltd. | 13,900 | 252,808 | ||||||
Chiba Bank Ltd. (The) | 28,700 | 168,769 | ||||||
Chugai Pharmaceutical Co. Ltd. | 14,700 | 490,576 | ||||||
CyberAgent, Inc. | 13,700 | 169,553 | ||||||
Dai Nippon Printing Co. Ltd. | 55,018 | 1,290,065 | ||||||
Dai-ichi Life Holdings, Inc. | 16,346 | 332,205 | ||||||
Daiichi Sankyo Co. Ltd. - ADR (a) | 5,703 | 124,211 | ||||||
Daiichi Sankyo Co. Ltd. | 23,430 | 511,704 | ||||||
Daiwa House Industry Co. Ltd. | 30,000 | 782,157 | ||||||
Denso Corp. | 10,000 | 638,080 | ||||||
Dentsu Group, Inc. | 4,300 | 175,747 | ||||||
East Japan Railway Co. | 5,729 | 331,621 | ||||||
ENEOS Holdings, Inc. | 167,700 | 627,062 | ||||||
FANUC Corp. - ADR | 10,090 | 177,080 | ||||||
FANUC Corp. | 800 | 140,425 | ||||||
Fast Retailing Co. Ltd. | 1,000 | 512,720 | ||||||
FUJIFILM Holdings Corp. - ADR | 8,601 | 525,951 | ||||||
FUJIFILM Holdings Corp. | 1,500 | 91,571 | ||||||
Fujitsu Ltd. | 4,868 | 729,442 | ||||||
Futu Holdings Ltd. - ADR (a)(b) | 4,235 | 137,892 | ||||||
Honda Motor Co. Ltd. | 17,400 | 493,278 | ||||||
Hoya Corp. - ADR | 1,273 | 145,020 | ||||||
Hoya Corp. | 6,861 | 781,961 | ||||||
Ibiden Co., Ltd. | 4,600 | 224,287 | ||||||
Japan Exchange Group, Inc. | 20,800 | 386,260 | ||||||
JFE Holdings, Inc. | 12,400 | 173,549 | ||||||
Kao Corp. | 35,200 | 1,437,416 | ||||||
KDDI Corp. - ADR | 43,814 | 715,483 | ||||||
Keyence Corp. | 3,600 | 1,669,535 |
Schedule of Portfolio Investments (Continued) | ||
Praxis International Index Fund |
COMMON STOCKS - 98.2% (Continued) | Shares | Fair Value | ||||||
JAPAN - 14.3% (Continued) | ||||||||
Kintetsu Group Holdings Co. Ltd. | 10,728 | $ | 307,126 | |||||
Kubota Corp. - ADR | 7,274 | 682,592 | ||||||
Kubota Corp. | 24,000 | 449,918 | ||||||
Lixil Corp. | 15,100 | 281,133 | ||||||
M3, Inc. | 2,400 | 86,689 | ||||||
Medipal Holdings Corp. | 9,900 | 162,916 | ||||||
Mitsubishi Corp. | 38,500 | 1,444,958 | ||||||
Mitsubishi UFJ Financial Group, Inc. - ADR | 25,008 | 154,800 | ||||||
Mitsubishi UFJ Financial Group, Inc. | 317,209 | 1,960,955 | ||||||
Mitsui & Co. Ltd. - ADR | 1,204 | 657,384 | ||||||
Mitsui & Co. Ltd. | 27,090 | 735,455 | ||||||
Mitsui Chemicals, Inc. | 7,100 | 178,513 | ||||||
Mitsui OSK Lines Ltd. | 29,700 | 825,132 | ||||||
Mizuho Financial Group, Inc. | 65,200 | 831,753 | ||||||
Murata Manufacturing Co. Ltd. - ADR | 916 | 15,123 | ||||||
Murata Manufacturing Co. Ltd. | 12,900 | 849,864 | ||||||
Nexon Co. Ltd. | 13,700 | 327,795 | ||||||
Nidec Corp. - ADR (a) | 34,780 | 688,644 | ||||||
Nintendo Co. Ltd. - ADR | 14,840 | 933,584 | ||||||
Nintendo Co. Ltd. | 300 | 151,447 | ||||||
Nippon Building Fund, Inc. (b) | 33 | 187,226 | ||||||
Nippon Prologis REIT, Inc. | 175 | 511,037 | ||||||
Nippon Steel Corp. | 9,800 | 172,939 | ||||||
Nippon Telegraph & Telephone Corp. | 12,900 | 374,842 | ||||||
Nippon Yusen KK | 4,600 | 402,432 | ||||||
Nippon Yusen KK | 2,700 | 185,515 | ||||||
Nitori Holdings Co. Ltd. | 1,100 | 138,411 | ||||||
Nomura Holdings, Inc. - ADR | 47,702 | 201,302 | ||||||
Nomura Research Institute Ltd. | 10,200 | 332,839 | ||||||
Odakyu Electric Railway Co. Ltd. | 10,400 | 172,399 | ||||||
Omron Corp. | 3,200 | 212,982 | ||||||
Oriental Land Co. Ltd. | 2,960 | 566,630 | ||||||
Pan Pacific International Holdings Corp. | 10,900 | 174,427 | ||||||
Persol Holdings Co. Ltd. | 8,000 | 181,655 | ||||||
Pinduoduo, Inc. - ADR (b) | 5,750 | 230,633 | ||||||
Recruit Holdings Co. Ltd. | 20,050 | 871,221 |
Schedule of Portfolio Investments (Continued) | ||
Praxis International Index Fund |
COMMON STOCKS - 98.2% (Continued) | Shares | Fair Value | ||||||
JAPAN - 14.3% (Continued) | ||||||||
Ricoh Co. Ltd. | 25,500 | $ | 220,851 | |||||
Ryohin Keikaku Co. Ltd. | 12,400 | 143,848 | ||||||
Secom Co. Ltd. | 2,700 | 195,347 | ||||||
Seiko Epson Corp. | 30,300 | 455,250 | ||||||
Sekisui House Ltd. - ADR | 21,690 | 420,786 | ||||||
Sekisui House Ltd. | 8,000 | 154,764 | ||||||
Seven & i Holdings Co. Ltd. | 18,900 | 901,210 | ||||||
Shimadzu Corp. | 17,000 | 584,779 | ||||||
Shimano, Inc. | 2,084 | 477,312 | ||||||
Shin-Etsu Chemical Co. Ltd. | 6,100 | 926,908 | ||||||
Shionogi & Co. Ltd. | 3,400 | 208,933 | ||||||
Shiseido Co. Ltd. - ADR | 7,565 | 382,033 | ||||||
Shiseido Co. Ltd. | 2,100 | 106,081 | ||||||
SMC Corp. | 678 | 379,045 | ||||||
SoftBank Corp. | 33,205 | 387,321 | ||||||
SoftBank Group Corp. - ADR | 12,750 | 284,453 | ||||||
SoftBank Group Corp. | 13,000 | 581,297 | ||||||
Sony Group Corp. - ADR | 23,139 | 2,376,607 | ||||||
Sumitomo Corp. | 23,254 | 402,778 | ||||||
Sumitomo Metal Mining Co. Ltd. | 8,000 | 405,359 | ||||||
Sumitomo Mitsui Trust Holdings, Inc. | 19,600 | 637,954 | ||||||
Suntory Beverage & Food Ltd. | 12,200 | 465,062 | ||||||
Takeda Pharmaceutical Co. Ltd. - ADR | 17,704 | 253,521 | ||||||
Takeda Pharmaceutical Co. Ltd. | 26,800 | 763,686 | ||||||
TDK Corp. | 6,300 | 227,314 | ||||||
Terumo Corp. | 10,972 | 332,037 | ||||||
Toho Co. Ltd. | 4,100 | 154,957 | ||||||
Tokyo Electron Ltd. - ADR | 1,464 | 188,095 | ||||||
Tokyo Electron Ltd. | 1,900 | 975,886 | ||||||
Tokyu Corp. | 42,700 | 554,055 | ||||||
Toppan, Inc. | 55,900 | 986,195 | ||||||
Toray Industries, Inc. | 50,000 | 260,010 | ||||||
TOTO Ltd. | 4,700 | 188,778 | ||||||
Toyota Motor Corp. - ADR | 11,838 | 2,133,800 | ||||||
USS Co. Ltd. | 31,120 | 522,994 | ||||||
Yamaha Corp. | 10,900 | 473,730 |
Schedule of Portfolio Investments (Continued) | ||
Praxis International Index Fund |
COMMON STOCKS - 98.2% (Continued) | Shares | Fair Value | ||||||
JAPAN - 14.3% (Continued) | ||||||||
Yamaha Motor Co. Ltd. | 27,700 | $ | 620,936 | |||||
Yokogawa Electric Corp. | 26,800 | 456,688 | ||||||
53,866,115 | ||||||||
JERSEY - 0.9% | ||||||||
Experian plc - ADR | 11,145 | 429,417 | ||||||
Ferguson plc | 508 | 68,822 | ||||||
Ferguson plc | 5,680 | 761,801 | ||||||
Glencore plc | 248,450 | 1,616,545 | ||||||
WPP plc - ADR (a) | 1,188 | 77,766 | ||||||
WPP plc | 34,966 | 457,625 | ||||||
3,411,976 | ||||||||
LUXEMBOURG - 0.0% (c) | ||||||||
ArcelorMittal S.A. - ADR | 5,428 | 173,750 | ||||||
MEXICO - 1.3% | ||||||||
América Móvil S.A.B. de C.V. - Class L - ADR | 16,903 | 357,499 | ||||||
Coca-Cola Femsa S.A.B. de C.V. - ADR | 12,760 | 701,162 | ||||||
Fomento Economico Mexicano S.A.B. de C.V. - ADR | 12,658 | 1,048,715 | ||||||
Grupo Aeroportuario del Pacifico S.A.B. de C.V. - ADR (a) | 2,661 | 429,033 | ||||||
Grupo Aeroportuario del Sureste S.A.B. de C.V. - ADR | 2,464 | 546,022 | ||||||
Grupo Televisa S.A.B. - ADR (a) | 39,194 | 458,570 | ||||||
Wal-Mart de Mexico S.A.B. de C.V. - ADR | 32,608 | 1,337,906 | ||||||
4,878,907 | ||||||||
NETHERLANDS - 3.1% | ||||||||
ABN AMRO Bank N.V. (b) | 21,591 | 275,730 | ||||||
Adyen N.V. (b) | 349 | 691,304 | ||||||
AEGON N.V. | 48,989 | 259,152 | ||||||
Akzo Nobel N.V. - ADR | 9,200 | 263,396 | ||||||
ASML Holding N.V. - ADR | 6,611 | 4,415,685 | ||||||
Exor N.V. | 840 | 63,860 | ||||||
ING Groep N.V. - ADR | 40,673 | 424,219 | ||||||
ING Groep N.V. | 16,762 | 175,022 | ||||||
Koninklijke Ahold Delhaize N.V. - ADR (a) | 24,466 | 788,050 | ||||||
Koninklijke Ahold Delhaize N.V. | 5,491 | 176,632 | ||||||
Koninklijke DSM N.V. | 4,332 | 775,015 | ||||||
Koninklijke Philips N.V. - ADR | 16,004 | 488,602 |
Schedule of Portfolio Investments (Continued) | ||
Praxis International Index Fund |
COMMON STOCKS - 98.2% (Continued) | Shares | Fair Value | ||||||
NETHERLANDS - 3.1% (Continued) | ||||||||
NN Group N.V. | 5,475 | $ | 277,483 | |||||
Prosus N.V. | 10,052 | 542,116 | ||||||
QIAGEN N.V. (b) | 7,847 | 384,503 | ||||||
Stellantis N.V. | 42,053 | 682,673 | ||||||
STMicroelectronics N.V. - ADR | 14,434 | 623,837 | ||||||
Wolters Kluwer N.V. | 5,108 | 544,579 | ||||||
11,851,858 | ||||||||
NORWAY - 1.9% | ||||||||
Aker BP ASA (b) | 2,503 | 93,379 | ||||||
Equinor ASA - ADR | 158,981 | 5,963,378 | ||||||
Norsk Hydro ASA | 112,833 | 1,096,507 | ||||||
7,153,264 | ||||||||
PHILIPPINES - 0.3% | ||||||||
PLDT, Inc. - ADR (a) | 26,933 | 946,426 | ||||||
PORTUGAL - 0.4% | ||||||||
Galp Energia SGPS S.A. | 109,153 | 1,380,071 | ||||||
Jeronimo Martins SGPS S.A. | 8,104 | 194,426 | ||||||
1,574,497 | ||||||||
RUSSIA - 0.0% (c) | ||||||||
Mobile TeleSystems PJSC - ADR (d)(e) | 86,910 | 869 | ||||||
SINGAPORE - 1.5% | ||||||||
Ascendas Real Estate Investment Trust | 167,800 | 361,591 | ||||||
BOC Aviation Ltd. | 87,700 | 688,897 | ||||||
CapitaLand Integrated Commercial Trust | 387,425 | 640,952 | ||||||
CapitaLand Investment Ltd. | 183,000 | 536,219 | ||||||
City Developments Ltd. | 181,300 | 1,048,076 | ||||||
DBS Group Holdings Ltd. - ADR | 11,392 | 1,187,730 | ||||||
Singapore Telecommunications Ltd. | 216,000 | 420,745 | ||||||
Venture Corp. Ltd. | 63,900 | 823,507 | ||||||
5,707,717 | ||||||||
SOUTH AFRICA - 1.2% | ||||||||
FirstRand Ltd. | 201,574 | 1,063,657 | ||||||
Gold Fields Ltd. - ADR (a) | 14,088 | 217,800 | ||||||
Impala Platinum Holdings Ltd. - ADR | 34,408 | 535,733 |
Schedule of Portfolio Investments (Continued) | ||
Praxis International Index Fund |
COMMON STOCKS - 98.2% (Continued) | Shares | Fair Value | ||||||
SOUTH AFRICA - 1.2% (Continued) | ||||||||
Mr Price Group Ltd. | 43,236 | $ | 638,204 | |||||
MTN Group Ltd. | 24,549 | 317,558 | ||||||
MultiChoice Group Ltd. | 72,496 | 653,369 | ||||||
Naspers Ltd. - Class N - ADR | 19,030 | 429,507 | ||||||
Standard Bank Group Ltd. | 44,968 | 558,530 | ||||||
4,414,358 | ||||||||
SOUTH KOREA - 4.4% | ||||||||
Celltrion, Inc. | 4,338 | 612,394 | ||||||
Hyundai Mobis Co. Ltd. | 5,210 | 916,149 | ||||||
Hyundai Motor Co. | 2,200 | 323,842 | ||||||
KB Financial Group, Inc. - ADR | 27,719 | 1,353,519 | ||||||
KT Corp. - ADR | 39,515 | 566,645 | ||||||
LG Chem Ltd. | 1,363 | 594,213 | ||||||
LG Display Co. Ltd. - ADR (b) | 3 | 25 | ||||||
NAVER Corp. | 4,020 | 1,114,700 | ||||||
POSCO Holdings, Inc. - ADR | 16,598 | 983,763 | ||||||
Samsung Electronics Co. Ltd. | 93,969 | 5,364,793 | ||||||
Shinhan Financial Group Co. Ltd. - ADR | 31,408 | 1,049,969 | ||||||
Shinhan Financial Group Co. Ltd. | 11,989 | 406,313 | ||||||
SK Hynix, Inc. | 13,491 | 1,294,832 | ||||||
SK Telecom Co. Ltd. - ADR | 19,898 | 509,986 | ||||||
Woori Financial Group, Inc. - ADR | 38,936 | 1,466,330 | ||||||
16,557,473 | ||||||||
SPAIN - 1.8% | ||||||||
Aena SME S.A. (b) | 4,174 | 695,849 | ||||||
Amadeus IT Group S.A. (b) | 8,543 | 555,483 | ||||||
Banco Bilbao Vizcaya Argentaria S.A. | 28,273 | 160,873 | ||||||
Banco Santander S.A. | 79,125 | 269,036 | ||||||
Cellnex Telecom S.A. - ADR (a) | 10,780 | 259,906 | ||||||
Iberdrola S.A. - ADR (a) | 17,047 | 744,272 | ||||||
Iberdrola S.A. | 29,928 | 327,132 | ||||||
Industria de Diseno Textil S.A. | 19,609 | 427,600 | ||||||
Naturgy Energy Group S.A. | 12,657 | 379,220 | ||||||
Repsol S.A. | 157,333 | 2,061,062 | ||||||
Siemens Gamesa Renewable Energy S.A. (b) | 11,865 | 208,116 | ||||||
Telefónica S.A. - ADR | 34,242 | 164,362 |
Schedule of Portfolio Investments (Continued) | ||
Praxis International Index Fund |
COMMON STOCKS - 98.2% (Continued) | Shares | Fair Value | ||||||
SPAIN - 1.8% (Continued) | ||||||||
Telefónica S.A. | 98,803 | $ | 478,854 | |||||
6,731,765 | ||||||||
SWEDEN - 2.1% | ||||||||
Assa Abloy AB - Class B | 7,863 | 211,305 | ||||||
Atlas Copco AB - A Shares | 8,922 | 462,998 | ||||||
Atlas Copco AB - Class A - ADR | 10,074 | 522,840 | ||||||
Boliden AB | 25,785 | 1,300,428 | ||||||
Essity AB - Series B | 12,219 | 288,290 | ||||||
H & M Hennes & Mauritz AB - B Shares | 19,185 | 257,550 | ||||||
Hexagon AB - B Shares | 58,429 | 818,447 | ||||||
Lundin Energy AB | 30,924 | 1,297,707 | ||||||
Svenska Cellulosa AB S.C.A. - B - Series B | 16,418 | 318,726 | ||||||
Svenska Handelsbanken AB (b) | 76,005 | 1,651,072 | ||||||
Svenska Handelsbanken AB - A Shares | 31,343 | 288,146 | ||||||
Telefonaktiebolaget LM Ericsson - B Shares | 42,832 | 390,346 | ||||||
7,807,855 | ||||||||
SWITZERLAND - 6.8% | ||||||||
ABB Ltd. - ADR (a) | 39,077 | 1,263,750 | ||||||
Adecco Group AG | 9,669 | 438,601 | ||||||
Barry Callebaut AG | 553 | 1,296,482 | ||||||
Coca-Cola HBC AG | 20,905 | 435,980 | ||||||
Geberit AG | 1,604 | 988,796 | ||||||
Givaudan S.A. | 272 | 1,124,159 | ||||||
Groupe Bruxelles Lambert S.A. | 2,460 | 256,880 | ||||||
Holcim Ltd. | 8,532 | 414,969 | ||||||
Keuhne + Nagel International AG | 643 | 182,566 | ||||||
Logitech International S.A. | 5,031 | 371,187 | ||||||
Lonza Group AG - ADR | 4,540 | 329,105 | ||||||
Lonza Group AG | 2,382 | 1,726,007 | ||||||
Nestlé S.A. - ADR | 37,439 | 4,870,814 | ||||||
Nestlé S.A. | 4,022 | 522,935 | ||||||
Partners Group Holding AG | 644 | 797,403 | ||||||
Roche Holding AG - ADR | 89,624 | 4,428,322 | ||||||
Roche Holding AG | 1,749 | 692,013 | ||||||
Sika AG | 852 | 281,887 | ||||||
Sonova Holding AG | 1,171 | 489,172 |
Schedule of Portfolio Investments (Continued) | ||
Praxis International Index Fund |
COMMON STOCKS - 98.2% (Continued) | Shares | Fair Value | ||||||
SWITZERLAND - 6.8% (Continued) | ||||||||
Swatch Group AG (The) | 707 | $ | 200,451 | |||||
Swiss Re AG | 7,493 | 713,288 | ||||||
Swisscom AG | 1,612 | 968,500 | ||||||
Temenos AG | 5,377 | 517,212 | ||||||
UBS Group AG | 39,428 | 770,475 | ||||||
UBS Group AG | 2 | 39 | ||||||
Zurich Insurance Group AG - ADR | 24,700 | 1,215,734 | ||||||
Zurich Insurance Group AG | 492 | 242,999 | ||||||
25,539,726 | ||||||||
TAIWAN - 4.8% | ||||||||
ASE Technology Holding Co. Ltd. - ADR (a) | 126,937 | 899,983 | ||||||
AU Optronics Corp. - ADR | 144,653 | 1,002,445 | ||||||
Chunghwa Telecom Co. Ltd. - ADR | 132,532 | 5,891,048 | ||||||
Taiwan Semiconductor Manufacturing Co. Ltd. - ADR | 89,014 | 9,280,600 | ||||||
United Microelectronics Corp. - ADR (a) | 114,499 | 1,044,231 | ||||||
18,118,307 | ||||||||
TURKEY - 0.0% (c) | ||||||||
Turkcell Iletisim Hizmetleri A.S. - ADR | 1 | 4 | ||||||
UNITED KINGDOM - 7.9% | ||||||||
3i Group plc | 68,813 | 1,244,266 | ||||||
Antofagasta plc | 47,452 | 1,030,743 | ||||||
Ashtead Group plc | 11,037 | 694,918 | ||||||
AstraZeneca plc - ADR | 46,596 | 3,091,179 | ||||||
Aviva plc | 71,300 | 421,864 | ||||||
Barratt Developments plc | 28,635 | 194,936 | ||||||
British Land Co. plc (The) | 62,287 | 431,091 | ||||||
BT Group plc | 130,919 | 312,142 | ||||||
Burberry Group plc | 13,434 | 293,251 | ||||||
Coca-Cola Europacific Partners plc | 9,216 | 447,990 | ||||||
Compass Group plc | 35,682 | 767,858 | ||||||
GlaxoSmithKline plc - ADR (a) | 42,461 | 1,849,601 | ||||||
Halma plc | 17,839 | 583,624 | ||||||
HSBC Holdings plc - ADR (a) | 50,405 | 1,724,859 | ||||||
HSBC Holdings plc | 27,340 | 186,742 | ||||||
Informa plc (b) | 99,047 | 776,012 |
Schedule of Portfolio Investments (Continued) | ||
Praxis International Index Fund |
COMMON STOCKS - 98.2% (Continued) | Shares | Fair Value | ||||||
UNITED KINGDOM - 7.9% (Continued) | ||||||||
ITV plc (b) | 307,997 | $ | 329,617 | |||||
J Sainsbury plc | 86,209 | 285,325 | ||||||
Kingfisher plc | 106,863 | 356,661 | ||||||
Land Securities Group plc | 37,958 | 389,331 | ||||||
Legal & General Group plc | 210,040 | 744,652 | ||||||
Lloyds Banking Group plc | 437,921 | 266,644 | ||||||
London Stock Exchange Group plc | 7,929 | 826,817 | ||||||
Mondi plc | 48,272 | 938,277 | ||||||
National Grid plc - ADR (a) | 5,768 | 443,386 | ||||||
National Grid plc | 35,023 | 538,225 | ||||||
NatWest Group plc | 172,577 | 487,402 | ||||||
PEARSON plc - ADR (a) | 44,436 | 443,027 | ||||||
PEARSON plc | 29,189 | 286,114 | ||||||
Prudential plc - ADR (a) | 16,409 | 485,378 | ||||||
Reckitt Benckiser Group plc - ADR | 34,350 | 530,364 | ||||||
Reckitt Benckiser Group plc | 3,212 | 245,023 | ||||||
RELX plc - ADR | 19,899 | 618,859 | ||||||
RELX plc | 51,880 | 1,614,342 | ||||||
Rentokil Initial plc | 56,496 | 389,160 | ||||||
Sage Group plc (The) - ADR | 2,320 | 85,376 | ||||||
Sage Group plc (The) | 33,781 | 309,516 | ||||||
Segro plc | 65,385 | 1,148,946 | ||||||
Severn Trent plc | 7,033 | 283,452 | ||||||
Tesco plc - ADR | 5,503 | 59,928 | ||||||
Tesco plc | 91,147 | 329,970 | ||||||
Unilever plc - ADR (a) | 41,016 | 1,869,099 | ||||||
United Utilities Group plc | 43,531 | 640,998 | ||||||
Vodafone Group plc - ADR (a) | 40,631 | 675,287 | ||||||
29,672,252 | ||||||||
TOTAL COMMON STOCKS (Cost $253,230,354) | $ | 370,036,393 |
Schedule of Portfolio Investments (Continued) | ||
Praxis International Index Fund |
CORPORATE NOTES - 0.9% | Coupon | Maturity | Par Value | Fair Value | ||||||||||||
COMMUNITY DEVELOPMENT - 0.9% | ||||||||||||||||
Calvert Social Investment Foundation, Inc. (d) | 2.000 | % | 06/15/22 | $ | 290,000 | $ | 290,000 | |||||||||
Calvert Social Investment Foundation, Inc. (d) | 3.000 | % | 06/15/23 | 870,000 | 870,000 | |||||||||||
Calvert Social Investment Foundation, Inc. (d) | 3.000 | % | 12/15/23 | 480,000 | 480,000 | |||||||||||
Calvert Social Investment Foundation, Inc. (d) | 1.000 | % | 06/14/24 | 450,000 | 426,348 | |||||||||||
Calvert Social Investment Foundation, Inc. (d) | 3.000 | % | 06/17/24 | 290,000 | 290,000 | |||||||||||
Calvert Social Investment Foundation, Inc. (d) | 3.000 | % | 12/15/24 | 120,000 | 120,000 | |||||||||||
Calvert Social Investment Foundation, Inc. (d) | 2.500 | % | 06/13/25 | 500,000 | 480,045 | |||||||||||
Calvert Social Investment Foundation, Inc. (d) | 2.500 | % | 12/15/25 | 400,000 | 400,000 | |||||||||||
TOTAL CORPORATE NOTES (Cost $3,400,000) | $ | 3,356,393 |
Schedule of Portfolio Investments (Continued) | ||
Praxis International Index Fund |
INVESTMENT PURCHASED WITH THE CASH PROCEEDS FROM SECURITIES LENDING - 6.5% | Shares | Fair Value | ||||||
Mount Vernon Liquid Assets Portfolio, LLC, 0.41% (f)(g) (Cost $24,365,534) | 24,365,534 | $ | 24,365,534 | |||||
TOTAL INVESTMENTS - (Cost $280,995,888) - 105.6% | $ | 397,758,320 | ||||||
LIABILITES IN EXESS OF OTHER ASSETS - (5.6%) | (21,120,390 | ) | ||||||
NET ASSETS - 100.0% | $ | 376,637,930 |
(a) | All or a portion of the security is on loan. The total fair value of the securities on loan as of March 31, 2022 was $23,288,590. |
(b) | Non-income producing security. |
(c) | Percentage rounds to less than 0.1%. |
(d) | Restricted and/or illiquid securities not registered under the Securities Act of 1933 are as follows: |
Acquisition | Current | Fair | % of Net | |||||||||||||
Date | Cost | Value | Assets | |||||||||||||
Calvert Social Investment Foundation, Inc. 2.000%, 06/15/22 | 06/17/19 | $ | 290,000 | $ | 290,000 | 0.1 | % | |||||||||
Calvert Social Investment Foundation, Inc. 3.000%, 06/15/23 | 06/18/18 | 870,000 | 870,000 | 0.2 | % | |||||||||||
Calvert Social Investment Foundation, Inc. 3.000%, 12/15/23 | 12/17/18 | 480,000 | 480,000 | 0.1 | % | |||||||||||
Calvert Social Investment Foundation, Inc. 1.000%, 06/14/24 | 06/15/21 | 450,000 | 426,348 | 0.1 | % | |||||||||||
Calvert Social Investment Foundation, Inc. 3.000%, 06/17/24 | 06/17/19 | 290,000 | 290,000 | 0.1 | % | |||||||||||
Calvert Social Investment Foundation, Inc. 3.000%, 12/15/24 | 12/12/19 | 120,000 | 120,000 | 0.1 | % | |||||||||||
Calvert Social Investment Foundation, Inc. 2.500%, 06/13/25 | 06/12/20 | 500,000 | 480,045 | 0.1 | % | |||||||||||
Calvert Social Investment Foundation, Inc. 2.500%, 12/15/25 | 12/15/20 | 400,000 | 400,000 | 0.1 | % | |||||||||||
Mobile TeleSystems PJSC - ADR | 07/19/11 | 752,376 | 869 | 0.0 | %(c) | |||||||||||
$ | 4,152,376 | $ | 3,357,262 | 0.9 | % |
(e) | Security value has been determined in good faith pursuant to procedures adopted by the Board of Trustees. The total fair value of such securities was $869 as of March 31, 2022, representing 0.0% (c) of net assets. |
(f) | The rate shown is the 7-day effective yield as of March 31, 2022. |
(g) | The security was purchased with cash collateral received from securities on loan. |
ADR - American Depositary Receipt
CDI - CHESS Depositary Interest
plc - Public Liability Company
REIT - Real Estate Investment Trust
Schedule of Portfolio Investments (Continued) |
Praxis International Index Fund |
March 31, 2022 (Unaudited) |
Common Stocks by Sector/Industry | % of Net Assets | |||
Communications - 9.9% | ||||
Advertising & Marketing | 0.4 | % | ||
Cable & Satellite | 0.3 | % | ||
Entertainment Content | 0.7 | % | ||
Internet Media & Services | 2.9 | % | ||
Publishing & Broadcasting | 0.5 | % | ||
Telecommunications | 5.1 | % | ||
Consumer Discretionary - 8.7% | ||||
Apparel & Textile Products | 1.2 | % | ||
Automotive | 3.1 | % | ||
Consumer Services | 0.1 | % | ||
E-Commerce Discretionary | 1.1 | % | ||
Home Construction | 0.7 | % | ||
Leisure Facilities & Services | 0.3 | % | ||
Leisure Products | 0.3 | % | ||
Retail - Discretionary | 1.6 | % | ||
Wholesale - Discretionary | 0.3 | % | ||
Consumer Staples - 7.1% | ||||
Beverages | 0.9 | % | ||
Food | 2.1 | % | ||
Household Products | 2.2 | % | ||
Retail - Consumer Staples | 1.5 | % | ||
Wholesale - Consumer Staples | 0.4 | % | ||
Energy - 3.9% | ||||
Oil & Gas Producers | 3.7 | % | ||
Renewable Energy | 0.2 | % | ||
Financials - 20.2% | ||||
Asset Management | 1.0 | % | ||
Banking | 13.0 | % | ||
Institutional Financial Services | 1.1 | % | ||
Insurance | 4.9 | % | ||
Specialty Finance | 0.2 | % |
Schedule of Portfolio Investments (Continued)
| ||||
Common Stocks by Sector/Industry (Continued) | % of Net Assets | |||
Health Care - 7.9% | ||||
Biotech & Pharma | 5.2 | % | ||
Health Care Facilities & Services | 1.1 | % | ||
Medical Equipment & Devices | 1.6 | % | ||
Industrials - 9.4% | ||||
Commercial Support Services | 1.4 | % | ||
Diversified Industrials | 0.5 | % | ||
Electrical Equipment | 1.5 | % | ||
Engineering & Construction | 0.1 | % | ||
Industrial Support Services | 0.5 | % | ||
Machinery | 1.3 | % | ||
Transportation & Logistics | 4.0 | % | ||
Transportation Equipment | 0.1 | % | ||
Materials - 9.3% | ||||
Chemicals | 3.1 | % | ||
Construction Materials | 0.5 | % | ||
Containers & Packaging | 0.5 | % | ||
Forestry, Paper & Wood Products | 0.4 | % | ||
Metals & Mining | 3.7 | % | ||
Steel | 1.1 | % | ||
Real Estate - 4.3% | ||||
Real Estate Owners & Developers | 1.7 | % | ||
REITs | 2.6 | % | ||
Technology - 15.5% | ||||
Semiconductors | 5.3 | % | ||
Software | 1.1 | % | ||
Technology Hardware | 4.5 | % | ||
Technology Services | 4.6 | % | ||
Utilities - 2.0% | ||||
Electric & Gas Marketing & Trading | 0.2 | % | ||
Electric Utilities | 1.5 | % | ||
Gas & Water Utilities | 0.3 | % | ||
98.2 | % |
Schedule of Portfolio Investments | ||||||||
Praxis Value Index Fund | ||||||||
March 31, 2022 (Unaudited) | ||||||||
COMMON STOCKS - 98.2% | Shares | Fair Value | ||||||
ADVERTISING & MARKETING - 0.2% | ||||||||
Omnicom Group, Inc. (a) | 10,229 | $ | 868,238 | |||||
AEROSPACE & DEFENSE - 0.1% | ||||||||
Howmet Aerospace, Inc. | 14,090 | 506,395 | ||||||
APPAREL & TEXTILE PRODUCTS - 0.4% | ||||||||
NIKE, Inc. - Class B | 9,970 | 1,341,563 | ||||||
VF Corp. (a) | 7,520 | 427,587 | ||||||
1,769,150 | ||||||||
ASSET MANAGEMENT - 0.5% | ||||||||
Ameriprise Financial, Inc. | 1,540 | 462,555 | ||||||
BlackRock, Inc. | 742 | 567,014 | ||||||
Charles Schwab Corp. (The) | 11,220 | 945,958 | ||||||
1,975,527 | ||||||||
AUTOMOTIVE - 0.5% | ||||||||
BorgWarner, Inc. | 14,870 | 578,443 | ||||||
Ford Motor Co. | 81,853 | 1,384,134 | ||||||
1,962,577 | ||||||||
BANKING - 5.5% | ||||||||
Bank of America Corp. | 101,100 | 4,167,342 | ||||||
Citigroup, Inc. | 46,326 | 2,473,808 | ||||||
Citizens Financial Group, Inc. (a) | 10,900 | 494,097 | ||||||
Fifth Third Bancorp | 19,490 | 838,850 | ||||||
Huntington Bancshares, Inc. | 33,170 | 484,945 | ||||||
JPMorgan Chase & Co. | 40,025 | 5,456,208 | ||||||
KeyCorp | 21,488 | 480,902 | ||||||
M&T Bank Corp. (a) | 3,136 | 531,552 | ||||||
People's United Financial, Inc. | 32,700 | 653,673 | ||||||
PNC Financial Services Group, Inc. (The) | 11,651 | 2,149,027 | ||||||
Regions Financial Corp. | 24,860 | 553,384 | ||||||
Truist Financial Corp. | 40,660 | 2,305,422 | ||||||
U.S. Bancorp | 22,707 | 1,206,877 | ||||||
21,796,087 | ||||||||
BEVERAGES - 2.8% | ||||||||
Coca-Cola Co. (The) | 106,520 | 6,604,240 | ||||||
PepsiCo, Inc. | 25,859 | 4,328,279 | ||||||
10,932,519 |
Schedule of Portfolio Investments (Continued) | ||||||||
Praxis Value Index Fund | ||||||||
COMMON STOCKS - 98.2% (Continued) | Shares | Fair Value | ||||||
BIOTECH & PHARMA - 7.2% | ||||||||
AbbVie, Inc. | 17,386 | $ | 2,818,444 | |||||
Amgen, Inc. | 6,604 | 1,596,979 | ||||||
Biogen, Inc. (b) | 2,440 | 513,864 | ||||||
Bristol-Myers Squibb Co. | 63,139 | 4,611,041 | ||||||
Gilead Sciences, Inc. | 23,550 | 1,400,048 | ||||||
Johnson & Johnson | 64,781 | 11,481,137 | ||||||
Merck & Co., Inc. | 61,130 | 5,015,717 | ||||||
Viatris, Inc. | 40,540 | 441,075 | ||||||
Zoetis, Inc. | 3,990 | 752,474 | ||||||
28,630,779 | ||||||||
CABLE & SATELLITE - 1.2% | ||||||||
Comcast Corp. - Class A | 103,410 | 4,841,656 | ||||||
CHEMICALS - 4.2% | ||||||||
Air Products & Chemicals, Inc. | 7,697 | 1,923,557 | ||||||
Dow, Inc. | 19,230 | 1,225,335 | ||||||
DuPont de Nemours, Inc. | 12,548 | 923,282 | ||||||
Eastman Chemical Co. | 3,900 | 437,034 | ||||||
Ecolab, Inc. | 7,050 | 1,244,748 | ||||||
International Flavors & Fragrances, Inc. | 8,452 | 1,110,001 | ||||||
Linde plc | 10,886 | 3,477,315 | ||||||
LyondellBasell Industries N.V. - Class A | 50,910 | 5,234,566 | ||||||
PPG Industries, Inc. | 1,280 | 167,770 | ||||||
Sherwin-Williams Co. (The) | 2,880 | 718,906 | ||||||
16,462,514 | ||||||||
COMMERCIAL SUPPORT SERVICES - 1.8% | ||||||||
Republic Services, Inc. | 11,450 | 1,517,125 | ||||||
Robert Half International, Inc. | 5,180 | 591,452 | ||||||
Rollins, Inc. (a) | 25,890 | 907,445 | ||||||
Waste Management, Inc. | 25,070 | 3,973,595 | ||||||
6,989,617 | ||||||||
CONSTRUCTION MATERIALS - 0.1% | ||||||||
Martin Marietta Materials, Inc. | 1,320 | 508,055 | ||||||
CONTAINERS & PACKAGING - 0.7% | ||||||||
Ball Corp. | 12,248 | 1,102,320 | ||||||
International Paper Co. | 12,160 | 561,184 | ||||||
Packaging Corp. of America | 3,290 | 513,602 |
Schedule of Portfolio Investments (Continued) | ||||||||
Praxis Value Index Fund | ||||||||
COMMON STOCKS - 98.2% (Continued) | Shares | Fair Value | ||||||
CONTAINERS & PACKAGING - 0.7% (Continued) | ||||||||
WestRock Co. | 10,430 | $ | 490,523 | |||||
2,667,629 | ||||||||
DIVERSIFIED INDUSTRIALS - 1.2% | ||||||||
Dover Corp. | 5,253 | 824,195 | ||||||
Emerson Electric Co. | 9,554 | 936,770 | ||||||
Illinois Tool Works, Inc. (a) | 14,045 | 2,941,023 | ||||||
4,701,988 | ||||||||
ELECTRIC UTILITIES - 5.3% | ||||||||
AES Corp. (The) | 27,234 | 700,731 | ||||||
American Electric Power Co., Inc. | 16,270 | 1,623,258 | ||||||
CMS Energy Corp. | 12,530 | 876,348 | ||||||
Consolidated Edison, Inc. | 26,561 | 2,514,796 | ||||||
DTE Energy Co. | 4,170 | 551,316 | ||||||
Duke Energy Corp. | 25,514 | 2,848,893 | ||||||
Edison International | 11,827 | 829,073 | ||||||
Eversource Energy | 7,770 | 685,236 | ||||||
NextEra Energy, Inc. | 49,300 | 4,176,203 | ||||||
PPL Corp. | 16,050 | 458,388 | ||||||
Sempra Energy (a) | 15,043 | 2,529,029 | ||||||
Southern Co. (The) (a) | 31,681 | 2,297,189 | ||||||
Xcel Energy, Inc. | 14,114 | 1,018,607 | ||||||
21,109,067 | ||||||||
ELECTRICAL EQUIPMENT - 2.9% | ||||||||
Carrier Global Corp. | 22,720 | 1,042,166 | ||||||
Johnson Controls International plc | 75,907 | 4,977,222 | ||||||
Keysight Technologies, Inc. (b) | 6,000 | 947,820 | ||||||
Otis Worldwide Corp. | 9,260 | 712,557 | ||||||
Rockwell Automation, Inc. | 8,530 | 2,388,656 | ||||||
Roper Technologies, Inc. | 3,030 | 1,430,857 | ||||||
11,499,278 | ||||||||
ENTERTAINMENT CONTENT - 2.4% | ||||||||
Activision Blizzard, Inc. | 18,000 | 1,441,980 | ||||||
Discovery, Inc. (a)(b) | 19,010 | 473,729 | ||||||
Electronic Arts, Inc. | 8,020 | 1,014,610 | ||||||
Fox Corp. - Class A (a) | 15,020 | 592,539 | ||||||
Paramount Global - Class B (a) | 15,606 | 590,063 |
Schedule of Portfolio Investments (Continued) | ||||||||
Praxis Value Index Fund | ||||||||
COMMON STOCKS - 98.2% (Continued) | Shares | Fair Value | ||||||
ENTERTAINMENT CONTENT - 2.4% (Continued) | ||||||||
Walt Disney Co. (The) (b) | 38,829 | $ | 5,325,786 | |||||
9,438,707 | ||||||||
FOOD - 2.7% | ||||||||
Campbell Soup Co. (a) | 10,070 | 448,820 | ||||||
Conagra Brands, Inc. | 16,070 | 539,470 | ||||||
General Mills, Inc. (a) | 31,984 | 2,165,957 | ||||||
Hershey Co. (The) | 2,830 | 613,063 | ||||||
Hormel Foods Corp. (a) | 22,750 | 1,172,535 | ||||||
J.M. Smucker Co. (The) (a) | 3,710 | 502,371 | ||||||
Kellogg Co. (a) | 5,960 | 384,360 | ||||||
Kraft Heinz Co. (The) | 24,390 | 960,722 | ||||||
McCormick & Co., Inc. | 6,090 | 607,782 | ||||||
Mondelez International, Inc. - Class A | 40,482 | 2,541,460 | ||||||
Tyson Foods, Inc. - Class A | 9,110 | 816,529 | ||||||
10,753,069 | ||||||||
GAS & WATER UTILITIES - 0.4% | ||||||||
American Water Works Co., Inc. | 4,220 | 698,537 | ||||||
NiSource, Inc. | 29,770 | 946,686 | ||||||
1,645,223 | ||||||||
HEALTH CARE FACILITIES & SERVICES - 4.9% | ||||||||
AmerisourceBergen Corp. | 8,740 | 1,352,166 | ||||||
Anthem, Inc. | 6,020 | 2,957,144 | ||||||
Cardinal Health, Inc. | 11,920 | 675,864 | ||||||
Cigna Corp. | 11,502 | 2,755,994 | ||||||
CVS Health Corp. | 25,454 | 2,576,199 | ||||||
Henry Schein, Inc. (b) | 3,230 | 281,624 | ||||||
Humana, Inc. | 1,410 | 613,590 | ||||||
IQVIA Holdings, Inc. (b) | 2,920 | 675,133 | ||||||
Laboratory Corp. of America Holdings (b) | 2,120 | 558,959 | ||||||
McKesson Corp. | 5,714 | 1,749,227 | ||||||
UnitedHealth Group, Inc. | 10,290 | 5,247,591 | ||||||
19,443,491 | ||||||||
HOME & OFFICE PRODUCTS - 0.1% | ||||||||
Whirlpool Corp. (a) | 3,150 | 544,257 | ||||||
HOUSEHOLD PRODUCTS - 2.8% | ||||||||
Church & Dwight Co., Inc. (a) | 6,650 | 660,877 |
Schedule of Portfolio Investments (Continued) | ||||||||
Praxis Value Index Fund | ||||||||
COMMON STOCKS - 98.2% (Continued) | Shares | Fair Value | ||||||
HOUSEHOLD PRODUCTS - 2.8% (Continued) | ||||||||
Colgate-Palmolive Co. | 5,290 | $ | 401,141 | |||||
Kimberly-Clark Corp. | 14,960 | 1,842,473 | ||||||
Procter & Gamble Co. (The) | 52,946 | 8,090,149 | ||||||
10,994,640 | ||||||||
INDUSTRIAL SUPPORT SERVICES - 0.3% | ||||||||
Fastenal Co. | 9,800 | 582,120 | ||||||
W.W. Grainger, Inc. | 1,310 | 675,685 | ||||||
1,257,805 | ||||||||
INSTITUTIONAL FINANCIAL SERVICES - 1.9% | ||||||||
Bank of New York Mellon Corp. (The) | 38,024 | 1,887,131 | ||||||
CME Group, Inc. | 9,190 | 2,185,933 | ||||||
Intercontinental Exchange, Inc. | 5,030 | 664,564 | ||||||
Morgan Stanley | 17,641 | 1,541,823 | ||||||
Northern Trust Corp. | 6,297 | 733,286 | ||||||
State Street Corp. | 6,610 | 575,863 | ||||||
7,588,600 | ||||||||
INSURANCE - 5.8% | ||||||||
Aflac, Inc. | 38,140 | 2,455,834 | ||||||
Allstate Corp. (The) | 10,919 | 1,512,391 | ||||||
American International Group, Inc. | 22,987 | 1,442,894 | ||||||
Arthur J. Gallagher & Co. | 2,930 | 511,578 | ||||||
Assurant, Inc. | 4,170 | 758,231 | ||||||
Berkley (W.R.) Corp. | 9,825 | 654,247 | ||||||
Cincinnati Financial Corp. | 4,172 | 567,225 | ||||||
Globe Life, Inc. | 10,480 | 1,054,288 | ||||||
Hartford Financial Services Group, Inc. (The) | 10,830 | 777,702 | ||||||
Lincoln National Corp. | 7,310 | 477,781 | ||||||
Loews Corp. (a) | 25,180 | 1,632,168 | ||||||
Marsh & McLennan Cos., Inc. | 7,150 | 1,218,503 | ||||||
MetLife, Inc. | 35,413 | 2,488,826 | ||||||
Principal Financial Group, Inc. (a) | 11,170 | 819,990 | ||||||
Progressive Corp. (The) (a) | 16,630 | 1,895,654 | ||||||
Prudential Financial, Inc. | 20,750 | 2,452,027 | ||||||
Travelers Cos., Inc. (The) | 13,253 | 2,421,721 | ||||||
23,141,060 | ||||||||
INTERNET MEDIA & SERVICES - 0.7% | ||||||||
Booking Holdings, Inc. (b) | 700 | 1,643,915 | ||||||
Expedia Group, Inc. (a)(b) | 3,040 | 594,837 |
Schedule of Portfolio Investments (Continued) | ||||||||
Praxis Value Index Fund | ||||||||
COMMON STOCKS - 98.2% (Continued) | Shares | Fair Value | ||||||
INTERNET MEDIA & SERVICES - 0.7% (Continued) | ||||||||
Match Group, Inc. (b) | 6,650 | $ | 723,121 | |||||
2,961,873 | ||||||||
LEISURE FACILITIES & SERVICES - 2.1% | ||||||||
Carnival Corp. (a)(b) | 28,663 | 579,566 | ||||||
Darden Restaurants, Inc. | 4,210 | 559,719 | ||||||
Hilton Worldwide Holdings, Inc. (b) | 6,420 | 974,171 | ||||||
Marriott International, Inc. - Class A (b) | 6,210 | 1,091,407 | ||||||
McDonald's Corp. | 11,220 | 2,774,482 | ||||||
Starbucks Corp. | 16,870 | 1,534,664 | ||||||
Yum! Brands, Inc. | 5,400 | 640,062 | ||||||
8,154,071 | ||||||||
LEISURE PRODUCTS - 0.1% | ||||||||
Hasbro, Inc. | 6,490 | 531,661 | ||||||
MACHINERY - 1.2% | ||||||||
Deere & Co. | 5,057 | 2,100,981 | ||||||
IDEX Corp. | 2,840 | 544,513 | ||||||
Ingersoll-Rand, Inc. | 13,050 | 657,068 | ||||||
Stanley Black & Decker, Inc. | 5,070 | 708,735 | ||||||
Xylem, Inc. | 7,010 | 597,673 | ||||||
4,608,970 | ||||||||
MEDICAL EQUIPMENT & DEVICES - 4.3% | ||||||||
Abbott Laboratories | 23,170 | 2,742,401 | ||||||
Baxter International, Inc. | 17,182 | 1,332,292 | ||||||
Becton, Dickinson and Co. | 8,310 | 2,210,460 | ||||||
Boston Scientific Corp. (b) | 29,180 | 1,292,382 | ||||||
Cooper Cos., Inc. (The) | 1,170 | 488,581 | ||||||
Danaher Corp. | 7,520 | 2,205,842 | ||||||
DENTSPLY SIRONA, Inc. | 8,810 | 433,628 | ||||||
Edwards Lifesciences Corp. (b) | 5,460 | 642,751 | ||||||
Illumina, Inc. (b) | 3,590 | 1,254,346 | ||||||
Intuitive Surgical, Inc. (b) | 1,460 | 440,453 | ||||||
Mettler-Toledo International, Inc. (b) | 190 | 260,906 | ||||||
ResMed, Inc. | 980 | 237,660 | ||||||
Stryker Corp. | 3,720 | 994,542 | ||||||
Teleflex, Inc. | 1,370 | 486,117 |
Schedule of Portfolio Investments (Continued) | ||||||||
Praxis Value Index Fund | ||||||||
COMMON STOCKS - 98.2% (Continued) | Shares | Fair Value | ||||||
MEDICAL EQUIPMENT & DEVICES - 4.3% (Continued) | ||||||||
Thermo Fisher Scientific, Inc. | 3,154 | $ | 1,862,910 | |||||
16,885,271 | ||||||||
METALS & MINING - 0.1% | ||||||||
Newmont Corp. | 3,280 | 260,596 | ||||||
OIL & GAS PRODUCERS - 3.6% | ||||||||
ConocoPhillips | 107,487 | 10,748,700 | ||||||
Valero Energy Corp. | 34,350 | 3,487,899 | ||||||
14,236,599 | ||||||||
OIL & GAS SERVICES & EQUIPMENT - 1.7% | ||||||||
Baker Hughes Co. (a) | 65,320 | 2,378,301 | ||||||
Schlumberger Ltd. | 105,016 | 4,338,211 | ||||||
6,716,512 | ||||||||
REAL ESTATE SERVICES - 0.9% | ||||||||
CBRE Group, Inc. - Class A (b) | 40,520 | 3,708,390 | ||||||
REITS - 3.8% | ||||||||
American Tower Corp. | 4,760 | 1,195,807 | ||||||
AvalonBay Communities, Inc. | 5,900 | 1,465,383 | ||||||
Boston Properties, Inc. | 3,190 | 410,872 | ||||||
Crown Castle International Corp. | 4,160 | 767,936 | ||||||
Digital Realty Trust, Inc. | 5,980 | 847,964 | ||||||
Equinix, Inc. | 910 | 674,874 | ||||||
Equity Residential | 17,370 | 1,561,910 | ||||||
Federal Realty Investment Trust | 1,610 | 196,533 | ||||||
Healthpeak Properties, Inc. | 20,530 | 704,795 | ||||||
Host Hotels & Resorts, Inc. | 49,590 | 963,534 | ||||||
Iron Mountain, Inc. | 10 | 554 | ||||||
Kimco Realty Corp. | 22,420 | 553,774 | ||||||
Prologis, Inc. | 15,540 | 2,509,399 | ||||||
Public Storage | 1,920 | 749,338 | ||||||
Realty Income Corp. | 9,490 | 657,657 | ||||||
Regency Centers Corp. | 9,230 | 658,468 | ||||||
Simon Property Group, Inc. | 2,209 | 290,616 | ||||||
Welltower, Inc. | 9,100 | 874,874 | ||||||
15,084,288 |
Schedule of Portfolio Investments (Continued) | ||||||||
Praxis Value Index Fund | ||||||||
COMMON STOCKS - 98.2% (Continued) | Shares | Fair Value | ||||||
RETAIL - CONSUMER STAPLES - 2.6% | ||||||||
Costco Wholesale Corp. | 3,160 | $ | 1,819,686 | |||||
Dollar General Corp. | 2,630 | 585,517 | ||||||
Dollar Tree, Inc. (b) | 4,010 | 642,202 | ||||||
Kroger Co. (The) (a) | 20,514 | 1,176,888 | ||||||
Target Corp. | 4,850 | 1,029,267 | ||||||
Walgreen Boots Alliance, Inc. | 8,200 | 367,114 | ||||||
Walmart, Inc. | 30,750 | 4,579,290 | ||||||
10,199,964 | ||||||||
RETAIL - DISCRETIONARY - 1.3% | ||||||||
Best Buy Co., Inc. | 1,760 | 159,984 | ||||||
Genuine Parts Co. | 4,570 | 575,911 | ||||||
Home Depot, Inc. (The) | 6,312 | 1,889,371 | ||||||
Lowe's Cos., Inc. | 1,910 | 386,183 | ||||||
Ross Stores, Inc. | 5,160 | 466,774 | ||||||
TJX Cos., Inc. (The) | 29,130 | 1,764,695 | ||||||
5,242,918 | ||||||||
SEMICONDUCTORS - 3.3% | ||||||||
Analog Devices, Inc. | 8,960 | 1,480,013 | ||||||
Broadcom, Inc. | 3,100 | 1,952,008 | ||||||
Intel Corp. | 83,908 | 4,158,480 | ||||||
IPG Photonics Corp. (b) | 4,430 | 486,237 | ||||||
Micron Technology, Inc. | 29,590 | 2,304,765 | ||||||
Qorvo, Inc. (b) | 4,610 | 572,101 | ||||||
Texas Instruments, Inc. | 12,020 | 2,205,430 | ||||||
13,159,034 | ||||||||
SOFTWARE - 1.6% | ||||||||
Autodesk, Inc. (b) | 2,650 | 568,027 | ||||||
Cerner Corp. | 2,680 | 250,741 | ||||||
Citrix Systems, Inc. | 1,560 | 157,404 | ||||||
Microsoft Corp. | 4,950 | 1,526,135 | ||||||
NortonLifeLock, Inc. (a) | 15,800 | 419,016 | ||||||
Oracle Corp. | 8,432 | 697,579 | ||||||
salesforce.com, inc. (b) | 10,040 | 2,131,693 | ||||||
Synopsys, Inc. (b) | 2,040 | 679,871 | ||||||
6,430,466 | ||||||||
SPECIALTY FINANCE - 0.8% | ||||||||
American Express Co. | 9,754 | 1,823,998 | ||||||
Capital One Financial Corp. | 6,200 | 813,998 |
Schedule of Portfolio Investments (Continued) | ||||||||
Praxis Value Index Fund | ||||||||
COMMON STOCKS - 98.2% (Continued) | Shares | Fair Value | ||||||
SPECIALTY FINANCE - 0.8% (Continued) | ||||||||
Synchrony Financial | 10,350 | $ | 360,284 | |||||
2,998,280 | ||||||||
TECHNOLOGY HARDWARE - 1.6% | ||||||||
Cisco Systems, Inc. | 73,730 | 4,111,185 | ||||||
Corning, Inc. | 14,610 | 539,255 | ||||||
HP, Inc. | 26,820 | 973,566 | ||||||
Western Digital Corp. (b) | 11,965 | 594,062 | ||||||
6,218,068 | ||||||||
TECHNOLOGY SERVICES - 5.5% | ||||||||
Accenture plc - Class A | 16,780 | 5,658,720 | ||||||
Automatic Data Processing, Inc. | 5,210 | 1,185,483 | ||||||
Cognizant Technology Solutions Corp. - Class A | 10,200 | 914,634 | ||||||
DXC Technology Co. (b) | 15,380 | 501,849 | ||||||
Fidelity National Information Services, Inc. | 16,860 | 1,693,081 | ||||||
Fiserv, Inc. (b) | 11,100 | 1,125,540 | ||||||
International Business Machines Corp. (a) | 17,092 | 2,222,302 | ||||||
Mastercard, Inc. - Class A | 6,940 | 2,480,217 | ||||||
MSCI, Inc. | 1,140 | 573,283 | ||||||
Paychex, Inc. (a) | 3,334 | 454,991 | ||||||
PayPal Holdings, Inc. (b) | 10,860 | 1,255,959 | ||||||
S&P Global, Inc. (a) | 2,450 | 1,004,941 | ||||||
Visa, Inc. - Class A (a) | 12,350 | 2,738,860 | ||||||
21,809,860 | ||||||||
TELECOMMUNICATIONS - 2.5% | ||||||||
AT&T, Inc. | 203,966 | 4,819,717 | ||||||
T-Mobile US, Inc. (b) | 13,480 | 1,730,158 | ||||||
Verizon Communications, Inc. | 67,610 | 3,444,053 | ||||||
9,993,928 | ||||||||
TRANSPORTATION & LOGISTICS - 4.1% | ||||||||
Alaska Air Group, Inc. (b) | 9,130 | 529,631 | ||||||
American Airlines Group, Inc. (a)(b) | 43,070 | 786,027 | ||||||
C.H. Robinson Worldwide, Inc. (a) | 6,070 | 653,800 | ||||||
CSX Corp. | 57,110 | 2,138,770 | ||||||
Delta Air Lines, Inc. (b) | 29,020 | 1,148,321 | ||||||
FedEx Corp. | 5,380 | 1,244,878 | ||||||
J.B. Hunt Transport Services, Inc. | 4,690 | 941,705 | ||||||
Norfolk Southern Corp. | 7,190 | 2,050,732 | ||||||
Southwest Airlines Co. (b) | 28,050 | 1,284,690 |
Schedule of Portfolio Investments (Continued) | ||||||||||||||||
Praxis Value Index Fund | ||||||||||||||||
COMMON STOCKS - 98.2% (Continued) | Shares | Fair Value | ||||||||||||||
TRANSPORTATION & LOGISTICS - 4.1% (Continued) | ||||||||||||||||
Union Pacific Corp. | 10,450 | $ | 2,855,045 | |||||||||||||
United Parcel Service, Inc. - Class B | 11,880 | 2,547,785 | ||||||||||||||
16,181,384 | ||||||||||||||||
TRANSPORTATION EQUIPMENT - 0.1% | ||||||||||||||||
PACCAR, Inc. | 5,090 | 448,276 | ||||||||||||||
WHOLESALE - CONSUMER STAPLES - 0.4% | ||||||||||||||||
Sysco Corp. (a) | 18,180 | 1,484,397 | ||||||||||||||
TOTAL COMMON STOCKS (COST $285,291,349) | $ | 389,342,734 | ||||||||||||||
CORPORATE NOTES - 1.0% | Coupon | Maturity | Principal Amount | Fair Value | ||||||||||||
COMMUNITY DEVELOPMENT - 1.0% | ||||||||||||||||
Calvert Social Investment Foundation, Inc. (c) | 2.000 | % | 06/15/22 | $ | 280,000 | $ | 280,000 | |||||||||
Calvert Social Investment Foundation, Inc. (c) | 0.400 | % | 12/15/22 | 400,000 | 400,000 | |||||||||||
Calvert Social Investment Foundation, Inc. (c) | 3.000 | % | 06/15/23 | 450,000 | 450,000 | |||||||||||
Calvert Social Investment Foundation, Inc. (c) | 3.000 | % | 12/15/23 | 720,000 | 720,000 | |||||||||||
Calvert Social Investment Foundation, Inc. (c) | 1.000 | % | 06/14/24 | 750,000 | 710,580 | |||||||||||
Calvert Social Investment Foundation, Inc. (c) | 3.000 | % | 06/17/24 | 280,000 | 280,000 | |||||||||||
Calvert Social Investment Foundation, Inc. (c) | 3.000 | % | 12/15/24 | 250,000 | 250,000 | |||||||||||
Calvert Social Investment Foundation, Inc. (c) | 2.500 | % | 06/13/25 | 280,000 | 268,825 | |||||||||||
Calvert Social Investment Foundation, Inc. (c) | 2.500 | % | 12/15/25 | 450,000 | 450,000 | |||||||||||
TOTAL CORPORATE NOTES (COST $3,860,000) | $ | 3,809,405 | ||||||||||||||
MONEY MARKET FUNDS - 0.4% | Shares | Fair Value | ||||||||||||||
First American Government Obligations Fund - Class X, 0.03% (d) (COST $1,488,098) | 1,488,098 | $ | 1,488,098 |
Schedule of Portfolio Investments (Continued) | ||||||||
Praxis Value Index Fund | ||||||||
INVESTMENT PURCHASED WITH THE CASH PROCEEDS FROM SECURITIES LENDING - 6.7% | Shares | Fair Value | ||||||
Mount Vernon Liquid Assets Portfolio, LLC, 0.41% (d)(e) (COST $26,790,655) | 26,790,655 | $ | 26,790,655 | |||||
TOTAL INVESTMENTS - (COST $317,430,102) - 106.3% | $ | 421,430,892 | ||||||
LIABILITIES IN EXCESS OF OTHER ASSETS - (6.3%) | (25,067,359 | ) | ||||||
NET ASSETS - 100.0% | $ | 396,363,533 |
(a) | All or a portion of the security is on loan. The total fair value of the securities on loan as of March 31, 2022 was $25,924,755. |
(b) | Non-income producing security. |
(c) | Restricted and illiquid securities not registered under the Securities Act of 1933 are as follows: |
Acquisition | Current | Fair | % of Net | |||||||||||
Date | Cost | Value | Assets | |||||||||||
Calvert Social Investment Foundation, Inc. 2.000%, 06/15/22 | 06/17/19 | $ | 280,000 | $ | 280,000 | 0.1 | % | |||||||
Calvert Social Investment Foundation, Inc. 0.400%, 12/15/22 | 12/15/21 | 400,000 | 400,000 | 0.1 | % | |||||||||
Calvert Social Investment Foundation, Inc. 3.000%, 06/15/23 | 06/18/18 | 450,000 | 450,000 | 0.1 | % | |||||||||
Calvert Social Investment Foundation, Inc. 3.000%, 12/15/23 | 12/17/18 | 720,000 | 720,000 | 0.2 | % | |||||||||
Calvert Social Investment Foundation, Inc. 1.000%, 06/14/24 | 06/15/21 | 750,000 | 710,580 | 0.2 | % | |||||||||
Calvert Social Investment Foundation, Inc. 3.000%, 06/17/24 | 06/17/19 | 280,000 | 280,000 | 0.1 | % | |||||||||
Calvert Social Investment Foundation, Inc. 3.000%, 12/15/24 | 12/12/19 | 250,000 | 250,000 | 0.0 | %(f) | |||||||||
Calvert Social Investment Foundation, Inc. 2.500%, 06/13/25 | 06/12/20 | 280,000 | 268,825 | 0.1 | % | |||||||||
Calvert Social Investment Foundation, Inc. 2.500%, 12/15/25 | 12/15/20 | 450,000 | 450,000 | 0.1 | % | |||||||||
$ | 3,860,000 | $ | 3,809,405 | 1.0 | % |
(d) | The rate shown is the 7-day effective yield as of March 31, 2022. |
(e) | The security was purchased with cash collateral received from securities on loan. |
(f) | Percentage rounds to less than 0.1%. |
plc - Public Liability Company
Schedule of Portfolio Investments | ||||||||
Praxis Growth Index Fund | ||||||||
March 31, 2022 (Unaudited) | ||||||||
COMMON STOCKS - 98.5% | Shares | Fair Value | ||||||
APPAREL & TEXTILE PRODUCTS - 0.5% | ||||||||
NIKE, Inc. - Class B | 20,317 | $ | 2,733,856 | |||||
ASSET MANAGEMENT - 0.9% | ||||||||
Ameriprise Financial, Inc. | 1,380 | 414,497 | ||||||
BlackRock, Inc. | 2,233 | 1,706,392 | ||||||
Charles Schwab Corp. (The) | 32,260 | 2,719,840 | ||||||
4,840,729 | ||||||||
AUTOMOTIVE - 4.5% | ||||||||
Tesla, Inc. (a)(b) | 23,030 | 24,817,128 | ||||||
BANKING - 1.8% | ||||||||
Bank of America Corp. | 88,350 | 3,641,787 | ||||||
Fifth Third Bancorp | 8,730 | 375,739 | ||||||
First Republic Bank | 6,350 | 1,029,335 | ||||||
JPMorgan Chase & Co. | 21,870 | 2,981,319 | ||||||
PNC Financial Services Group, Inc. (The) | 3,900 | 719,355 | ||||||
Signature Bank | 2,090 | 613,394 | ||||||
SVB Financial Group (a) | 800 | 447,560 | ||||||
9,808,489 | ||||||||
BEVERAGES - 0.7% | ||||||||
Coca-Cola Co. (The) | 6,170 | 382,540 | ||||||
PepsiCo, Inc. | 19,670 | 3,292,365 | ||||||
3,674,905 | ||||||||
BIOTECH & PHARMA - 3.8% | ||||||||
AbbVie, Inc. | 15,191 | 2,462,613 | ||||||
Amgen, Inc. | 12,064 | 2,917,316 | ||||||
Biogen, Inc. (a) | 2,890 | 608,634 | ||||||
Bristol-Myers Squibb Co. | 6,116 | 446,651 | ||||||
Eli Lilly & Co. | 18,050 | 5,168,979 | ||||||
Incyte Corp. (a) | 8,757 | 695,481 | ||||||
Johnson & Johnson | 4,488 | 795,408 | ||||||
Merck & Co., Inc. | 5,571 | 457,101 | ||||||
Moderna, Inc. (a) | 8,100 | 1,395,306 | ||||||
Regeneron Pharmaceuticals, Inc. (a) | 3,101 | 2,165,800 | ||||||
Vertex Pharmaceuticals, Inc. (a) | 5,704 | 1,488,573 | ||||||
Zoetis, Inc. | 12,930 | 2,438,469 | ||||||
21,040,331 |
Schedule of Portfolio Investments (Continued) | ||||||||
Praxis Growth Index Fund | ||||||||
COMMON STOCKS - 98.5% (Continued) | Shares | Fair Value | ||||||
CHEMICALS - 1.0% | ||||||||
Air Products & Chemicals, Inc. | 2,878 | $ | 719,241 | |||||
Linde plc | 11,878 | 3,794,190 | ||||||
Sherwin-Williams Co. (The) | 3,471 | 866,431 | ||||||
5,379,862 | ||||||||
COMMERCIAL SUPPORT SERVICES - 0.4% | ||||||||
Robert Half International, Inc. | 6,040 | 689,647 | ||||||
Waste Management, Inc. | 8,704 | 1,379,584 | ||||||
2,069,231 | ||||||||
CONTAINERS & PACKAGING - 0.1% | ||||||||
Ball Corp. | 5,630 | 506,700 | ||||||
DIVERSIFIED INDUSTRIALS - 0.1% | ||||||||
Illinois Tool Works, Inc. | 3,454 | 723,268 | ||||||
E-COMMERCE DISCRETIONARY - 5.3% | ||||||||
Amazon.com, Inc. (a) | 8,700 | 28,361,565 | ||||||
eBay, Inc. | 16,625 | 951,948 | ||||||
Etsy, Inc. (a) | 3,530 | 438,708 | ||||||
29,752,221 | ||||||||
ELECTRIC UTILITIES - 0.2% | ||||||||
Eversource Energy | 6,420 | 566,180 | ||||||
NextEra Energy, Inc. | 8,874 | 751,716 | ||||||
1,317,896 | ||||||||
ELECTRICAL EQUIPMENT - 1.5% | ||||||||
Amphenol Corp. - Class A | 27,452 | 2,068,508 | ||||||
Generac Holdings, Inc. (a) | 1,590 | 472,644 | ||||||
Keysight Technologies, Inc. (a) | 17,441 | 2,755,155 | ||||||
Rockwell Automation, Inc. | 2,298 | 643,509 | ||||||
TE Connectivity Ltd. | 5,190 | 679,786 | ||||||
Trane Technologies plc | 4,660 | 711,582 | ||||||
Trimble, Inc. (a) | 10,860 | 783,440 | ||||||
8,114,624 | ||||||||
ENTERTAINMENT CONTENT - 0.5% | ||||||||
Activision Blizzard, Inc. | 6,560 | 525,522 | ||||||
Electronic Arts, Inc. | 10,655 | 1,347,964 | ||||||
Walt Disney Co. (The) (a) | 5,103 | 699,927 | ||||||
2,573,413 |
Schedule of Portfolio Investments (Continued) | ||||||||
Praxis Growth Index Fund | ||||||||
COMMON STOCKS - 98.5% (Continued) | Shares | Fair Value | ||||||
GAS & WATER UTILITIES - 0.1% | ||||||||
American Water Works Co., Inc. | 3,780 | $ | 625,703 | |||||
HEALTH CARE FACILITIES & SERVICES - 2.0% | ||||||||
Anthem, Inc. | 1,300 | 638,586 | ||||||
Catalent, Inc. (a) | 5,970 | 662,073 | ||||||
Charles River Laboratories International, Inc. (a) | 2,140 | 607,696 | ||||||
HCA Healthcare, Inc. | 2,590 | 649,106 | ||||||
Humana, Inc. | 1,060 | 461,280 | ||||||
IQVIA Holdings, Inc. (a) | 4,968 | 1,148,651 | ||||||
Laboratory Corp. of America Holdings (a) | 1,440 | 379,670 | ||||||
McKesson Corp. | 1,730 | 529,605 | ||||||
UnitedHealth Group, Inc. | 12,240 | 6,242,033 | ||||||
11,318,700 | ||||||||
HOME CONSTRUCTION - 0.2% | ||||||||
D.R. Horton, Inc. | 6,078 | 452,872 | ||||||
Masco Corp. | 8,006 | 408,306 | ||||||
861,178 | ||||||||
HOUSEHOLD PRODUCTS - 0.1% | ||||||||
Colgate-Palmolive Co. | 5,297 | 401,672 | ||||||
INDUSTRIAL SUPPORT SERVICES - 0.2% | ||||||||
Fastenal Co. | 11,534 | 685,119 | ||||||
United Rentals, Inc. (a) | 1,490 | 529,263 | ||||||
1,214,382 | ||||||||
INSTITUTIONAL FINANCIAL SERVICES - 1.3% | ||||||||
CME Group, Inc. | 1,660 | 394,848 | ||||||
Goldman Sachs Group, Inc. (The) | 8,620 | 2,845,462 | ||||||
Intercontinental Exchange, Inc. | 10,061 | 1,329,259 | ||||||
Morgan Stanley | 19,100 | 1,669,340 | ||||||
Nasdaq, Inc. | 5,020 | 894,564 | ||||||
7,133,473 | ||||||||
INSURANCE - 0.3% | ||||||||
Marsh & McLennan Cos., Inc. | 10,720 | 1,826,902 | ||||||
INTERNET MEDIA & SERVICES - 10.0% | ||||||||
Alphabet, Inc. - Class A (a) | 5,155 | 14,337,859 | ||||||
Alphabet, Inc. - Class C (a)(b) | 7,156 | 19,986,637 | ||||||
Booking Holdings, Inc. (a) | 355 | 833,700 |
Schedule of Portfolio Investments (Continued) | ||||||||
Praxis Growth Index Fund | ||||||||
COMMON STOCKS - 98.5% (Continued) | Shares | Fair Value | ||||||
INTERNET MEDIA & SERVICES - 10.0% (Continued) | ||||||||
Expedia Group, Inc. (a)(b) | 2,720 | $ | 532,222 | |||||
Meta Platforms, Inc. - Class A (a) | 64,515 | 14,345,555 | ||||||
Netflix, Inc. (a) | 11,402 | 4,271,075 | ||||||
Twitter, Inc. (a) | 18,680 | 722,729 | ||||||
VeriSign, Inc. (a) | 3,410 | 758,589 | ||||||
55,788,366 | ||||||||
LEISURE FACILITIES & SERVICES - 0.9% | ||||||||
Chipotle Mexican Grill, Inc. (a) | 617 | 976,112 | ||||||
Hilton Worldwide Holdings, Inc. (a)(b) | 2,740 | 415,768 | ||||||
McDonald's Corp. | 7,567 | 1,871,168 | ||||||
Starbucks Corp. | 14,692 | 1,336,531 | ||||||
Yum! Brands, Inc. | 5,234 | 620,386 | ||||||
5,219,965 | ||||||||
MACHINERY - 0.4% | ||||||||
Deere & Co. | 4,096 | 1,701,724 | ||||||
Xylem, Inc. | 7,650 | 652,239 | ||||||
2,353,963 | ||||||||
MEDICAL EQUIPMENT & DEVICES - 5.0% | ||||||||
Abbott Laboratories | 36,136 | 4,277,057 | ||||||
Agilent Technologies, Inc. | 8,185 | 1,083,121 | ||||||
Align Technology, Inc. (a) | 1,711 | 745,996 | ||||||
Bio-Techne Corp. | 1,340 | 580,274 | ||||||
Cooper Cos., Inc. (The) | 1,161 | 484,822 | ||||||
Danaher Corp. | 12,704 | 3,726,464 | ||||||
DexCom, Inc. (a) | 2,750 | 1,406,900 | ||||||
Edwards Lifesciences Corp. (a) | 12,250 | 1,442,070 | ||||||
IDEXX Laboratories, Inc. (a) | 2,060 | 1,126,944 | ||||||
Illumina, Inc. (a) | 2,758 | 963,645 | ||||||
Intuitive Surgical, Inc. (a) | 3,430 | 1,034,763 | ||||||
Mettler-Toledo International, Inc. (a) | 960 | 1,318,262 | ||||||
PerkinElmer, Inc. (b) | 4,400 | 767,624 | ||||||
ResMed, Inc. | 3,038 | 736,745 | ||||||
Thermo Fisher Scientific, Inc. | 11,485 | 6,783,615 | ||||||
Waters Corp. (a) | 1,646 | 510,902 | ||||||
West Pharmaceutical Services, Inc. | 2,490 | 1,022,668 | ||||||
28,011,872 |
Schedule of Portfolio Investments (Continued) | ||||||||
Praxis Growth Index Fund | ||||||||
COMMON STOCKS - 98.5% (Continued) | Shares | Fair Value | ||||||
OIL & GAS PRODUCERS - 0.3% | ||||||||
ConocoPhillips | 12,890 | $ | 1,289,000 | |||||
Valero Energy Corp. | 5,530 | 561,516 | ||||||
1,850,516 | ||||||||
OIL & GAS SERVICES & EQUIPMENT - 0.4% | ||||||||
Baker Hughes Co. | 23,030 | 838,522 | ||||||
Schlumberger Ltd. | 35,490 | 1,466,092 | ||||||
2,304,614 | ||||||||
REAL ESTATE SERVICES - 0.6% | ||||||||
CBRE Group, Inc. - Class A (a) | 35,153 | 3,217,203 | ||||||
REITS - 2.2% | ||||||||
American Tower Corp. | 6,962 | 1,748,994 | ||||||
Crown Castle International Corp. | 3,279 | 605,303 | ||||||
Equinix, Inc. | 2,697 | 2,000,149 | ||||||
Extra Space Storage, Inc. | 2,700 | 555,120 | ||||||
Prologis, Inc. | 29,527 | 4,768,020 | ||||||
Public Storage | 2,570 | 1,003,020 | ||||||
SBA Communications Corp. | 1,668 | 573,959 | ||||||
Simon Property Group, Inc. | 3,670 | 482,825 | ||||||
Weyerhaeuser Co. | 18,740 | 710,246 | ||||||
12,447,636 | ||||||||
RENEWABLE ENERGY - 0.3% | ||||||||
Enphase Energy, Inc. (a) | 4,120 | 831,334 | ||||||
SolarEdge Technologies, Inc. (a) | 1,750 | 564,147 | ||||||
1,395,481 | ||||||||
RETAIL - CONSUMER STAPLES - 1.9% | ||||||||
Costco Wholesale Corp. | 10,453 | 6,019,360 | ||||||
Dollar General Corp. | 3,453 | 768,741 | ||||||
Dollar Tree, Inc. (a) | 1,590 | 254,639 | ||||||
Target Corp. | 8,164 | 1,732,564 | ||||||
Walgreen Boots Alliance, Inc. | 15,570 | 697,069 | ||||||
Walmart, Inc. | 7,930 | 1,180,936 | ||||||
10,653,309 | ||||||||
RETAIL - DISCRETIONARY - 3.3% | ||||||||
Advance Auto Parts, Inc. | 830 | 171,777 | ||||||
AutoZone, Inc. (a) | 659 | 1,347,378 | ||||||
Bath & Body Works, Inc. | 10,790 | 515,762 | ||||||
CarMax, Inc. (a) | 5,870 | 566,337 |
Schedule of Portfolio Investments (Continued) | ||||||||
Praxis Growth Index Fund | ||||||||
COMMON STOCKS - 98.5% (Continued) | Shares | Fair Value | ||||||
RETAIL - DISCRETIONARY - 3.3% (Continued) | ||||||||
Home Depot, Inc. (The) | 27,216 | $ | 8,146,565 | |||||
Lowe's Cos., Inc. | 19,889 | 4,021,357 | ||||||
O'Reilly Automotive, Inc. (a) | 2,310 | 1,582,258 | ||||||
Ross Stores, Inc. | 6,195 | 560,400 | ||||||
TJX Cos., Inc. (The) | 6,093 | 369,114 | ||||||
Tractor Supply Co. | 3,700 | 863,469 | ||||||
Ulta Beauty, Inc. (a) | 1,070 | 426,095 | ||||||
18,570,512 | ||||||||
SEMICONDUCTORS - 9.1% | ||||||||
Advanced Micro Devices, Inc. (a) | 50,266 | 5,496,084 | ||||||
Analog Devices, Inc. | 4,614 | 762,140 | ||||||
Applied Materials, Inc. | 31,036 | 4,090,545 | ||||||
Broadcom, Inc. | 9,059 | 5,704,271 | ||||||
KLA Corp. | 5,062 | 1,852,996 | ||||||
Lam Research Corp. | 4,223 | 2,270,327 | ||||||
Microchip Technology, Inc. | 10,060 | 755,908 | ||||||
Monolithic Power Systems, Inc. | 1,810 | 879,081 | ||||||
NVIDIA Corp. | 75,496 | 20,599,839 | ||||||
QUALCOMM, Inc. | 30,390 | 4,644,200 | ||||||
Teradyne, Inc. (b) | 4,990 | 589,968 | ||||||
Texas Instruments, Inc. | 17,317 | 3,177,323 | ||||||
50,822,682 | ||||||||
SOFTWARE - 17.2% | ||||||||
Adobe, Inc. (a) | 19,797 | 9,019,909 | ||||||
Akamai Technologies, Inc. (a) | 6,400 | 764,096 | ||||||
ANSYS, Inc. (a) | 2,738 | 869,726 | ||||||
Autodesk, Inc. (a) | 4,686 | 1,004,444 | ||||||
Cadence Design Systems, Inc. (a) | 14,424 | 2,372,171 | ||||||
Citrix Systems, Inc. | 5,442 | 549,098 | ||||||
Fortinet, Inc. (a) | 9,560 | 3,267,034 | ||||||
Intuit, Inc. | 12,990 | 6,246,112 | ||||||
Microsoft Corp. | 168,288 | 51,884,873 | ||||||
Oracle Corp. | 62,740 | 5,190,480 | ||||||
Paycom Software, Inc. (a) | 1,270 | 439,903 | ||||||
salesforce.com, inc. (a) | 23,827 | 5,058,949 | ||||||
ServiceNow, Inc. (a) | 7,723 | 4,300,861 | ||||||
Synopsys, Inc. (a) | 12,480 | 4,159,210 |
Schedule of Portfolio Investments (Continued) | ||||||||
Praxis Growth Index Fund | ||||||||
COMMON STOCKS - 98.5% (Continued) | Shares | Fair Value | ||||||
SOFTWARE - 17.2% (Continued) | ||||||||
Tyler Technologies, Inc. (a) | 1,360 | $ | 605,050 | |||||
95,731,916 | ||||||||
SPECIALTY FINANCE - 0.6% | ||||||||
American Express Co. | 10,000 | 1,870,000 | ||||||
Capital One Financial Corp. | 3,740 | 491,024 | ||||||
Discover Financial Services | 6,300 | 694,197 | ||||||
Synchrony Financial | 10,370 | 360,980 | ||||||
3,416,201 | ||||||||
STEEL - 0.1% | ||||||||
Nucor Corp. | 3,250 | 483,112 | ||||||
TECHNOLOGY HARDWARE - 12.7% | ||||||||
Apple, Inc. | 351,448 | 61,366,335 | ||||||
Arista Networks, Inc. (a) | 7,440 | 1,034,011 | ||||||
Cisco Systems, Inc. | 100,260 | 5,590,498 | ||||||
HP, Inc. | 19,530 | 708,939 | ||||||
NetApp, Inc. | 9,090 | 754,470 | ||||||
Seagate Technology plc | 6,950 | 624,805 | ||||||
Zebra Technologies Corp. - Class A (a) | 2,137 | 884,077 | ||||||
70,963,135 | ||||||||
TECHNOLOGY SERVICES - 6.6% | ||||||||
Accenture plc - Class A | 22,399 | 7,553,615 | ||||||
Automatic Data Processing, Inc. | 13,460 | 3,062,688 | ||||||
Broadridge Financial Solutions, Inc. | 5,226 | 813,741 | ||||||
Cognizant Technology Solutions Corp. - Class A | 8,540 | 765,782 | ||||||
EPAM Systems, Inc. (a) | 3,340 | 990,677 | ||||||
Equifax, Inc. | 2,580 | 611,718 | ||||||
FactSet Research Systems, Inc. | 2,560 | 1,111,424 | ||||||
Fiserv, Inc. (a) | 7,526 | 763,136 | ||||||
Gartner, Inc. (a) | 5,280 | 1,570,589 | ||||||
International Business Machines Corp. | 5,700 | 741,114 | ||||||
Jack Henry & Associates, Inc. (b) | 3,810 | 750,761 | ||||||
Mastercard, Inc. - Class A | 13,716 | 4,901,824 | ||||||
Moody's Corp. | 3,375 | 1,138,759 | ||||||
MSCI, Inc. | 1,797 | 903,675 | ||||||
PayPal Holdings, Inc. (a) | 17,887 | 2,068,632 | ||||||
S&P Global, Inc. (b) | 7,205 | 2,955,241 | ||||||
Verisk Analytics, Inc. | 3,035 | 651,402 |
Schedule of Portfolio Investments (Continued) | ||||||||||||||||
Praxis Growth Index Fund | ||||||||||||||||
COMMON STOCKS - 98.5% (Continued) | Shares | Fair Value | ||||||||||||||
TECHNOLOGY SERVICES - 6.6% (Continued) | ||||||||||||||||
Visa, Inc. - Class A (b) | 24,203 | $ | 5,367,499 | |||||||||||||
36,722,277 | ||||||||||||||||
TRANSPORTATION & LOGISTICS - 1.2% | ||||||||||||||||
CSX Corp. | 21,341 | 799,221 | ||||||||||||||
J.B. Hunt Transport Services, Inc. | 2,270 | 455,793 | ||||||||||||||
Old Dominion Freight Line, Inc. | 4,700 | 1,403,796 | ||||||||||||||
Union Pacific Corp. | 6,771 | 1,849,905 | ||||||||||||||
United Parcel Service, Inc. - Class B | 9,065 | 1,944,080 | ||||||||||||||
6,452,795 | ||||||||||||||||
WHOLESALE - DISCRETIONARY - 0.2% | ||||||||||||||||
Copart, Inc. (a) | 5,108 | 640,901 | ||||||||||||||
Pool Corp. | 1,190 | 503,191 | ||||||||||||||
1,144,092 | ||||||||||||||||
TOTAL COMMON STOCKS (COST $281,499,584) | $ | 548,284,310 | ||||||||||||||
CORPORATE NOTES - 0.9% | Coupon | Maturity | Principal Amount | Fair Value | ||||||||||||
COMMUNITY DEVELOPMENT - 0.9% | ||||||||||||||||
Calvert Social Investment Foundation, Inc. (c) | 2.000 | % | 06/15/22 | $ | 550,000 | $ | 550,000 | |||||||||
Calvert Social Investment Foundation, Inc. (c) | 0.400 | % | 12/15/22 | 750,000 | 750,000 | |||||||||||
Calvert Social Investment Foundation, Inc. (c) | 3.000 | % | 06/15/23 | 900,000 | 900,000 | |||||||||||
Calvert Social Investment Foundation, Inc. (c) | 3.000 | % | 12/15/23 | 200,000 | 200,000 | |||||||||||
Calvert Social Investment Foundation, Inc. (c) | 1.000 | % | 06/14/24 | 520,000 | 492,669 | |||||||||||
Calvert Social Investment Foundation, Inc. (c) | 3.000 | % | 06/17/24 | 550,000 | 550,000 | |||||||||||
Calvert Social Investment Foundation, Inc. (c) | 3.000 | % | 12/15/24 | 150,000 | 150,000 | |||||||||||
Calvert Social Investment Foundation, Inc. (c) | 2.500 | % | 06/13/25 | 670,000 | 643,261 | |||||||||||
Calvert Social Investment Foundation, Inc. (c) | 2.500 | % | 12/15/25 | 500,000 | 500,000 | |||||||||||
TOTAL CORPORATE NOTES (COST $4,790,000) | $ | 4,735,930 | ||||||||||||||
MONEY MARKET FUNDS - 0.4% | Shares | Fair Value | ||||||||||||||
First American Government Obligations Fund - Class X, 0.03% (d) (COST $2,243,525) | 2,243,525 | $ | 2,243,525 |
Schedule of Portfolio Investments (Continued) | ||||||||
Praxis Growth Index Fund | ||||||||
INVESTMENT PURCHASED WITH THE CASH PROCEEDS FROM SECURITIES LENDING - 10.2% | Shares | Fair Value | ||||||
Mount Vernon Liquid Assets Portfolio, LLC, 0.41% (d)(e) (COST $57,105,541) | 57,105,541 | $ | 57,105,541 | |||||
TOTAL INVESTMENTS - (COST $345,638,650) - 110.0% | $ | 612,369,306 | ||||||
LIABILITIES IN EXCESS OF OTHER ASSETS - (10.0%) | (55,675,336 | ) | ||||||
NET ASSETS - 100.0% | $ | 556,693,970 |
(a) | Non-income producing security. |
(b) | All or a portion of the security is on loan. The total fair value of the securities on loan as of March 31, 2022 was $55,046,178. |
(c) | Restricted and illiquid securities not registered under the Securities Act of 1933 are as follows: |
Acquisition | Current | Fair | % of Net | |||||||||||
Date | Cost | Value | Assets | |||||||||||
Calvert Social Investment Foundation, Inc. 2.000%, 06/15/22 | 06/17/19 | $ | 550,000 | $ | 550,000 | 0.1 | % | |||||||
Calvert Social Investment Foundation, Inc. 0.400%, 12/15/22 | 12/15/21 | 750,000 | 750,000 | 0.1 | % | |||||||||
Calvert Social Investment Foundation, Inc. 3.000%, 06/15/23 | 06/18/18 | 900,000 | 900,000 | 0.2 | % | |||||||||
Calvert Social Investment Foundation, Inc. 3.000%, 12/15/23 | 12/17/18 | 200,000 | 200,000 | 0.1 | % | |||||||||
Calvert Social Investment Foundation, Inc. 1.000%, 06/14/24 | 06/15/21 | 520,000 | 492,669 | 0.1 | % | |||||||||
Calvert Social Investment Foundation, Inc. 3.000%, 06/17/24 | 06/17/19 | 550,000 | 550,000 | 0.1 | % | |||||||||
Calvert Social Investment Foundation, Inc. 3.000%, 12/15/24 | 12/12/19 | 150,000 | 150,000 | 0.0 | %(f) | |||||||||
Calvert Social Investment Foundation, Inc. 2.500%, 06/13/25 | 06/12/20 | 670,000 | 643,261 | 0.1 | % | |||||||||
Calvert Social Investment Foundation, Inc. 2.500%, 12/15/25 | 12/15/20 | 500,000 | 500,000 | 0.1 | % | |||||||||
$ | 4,790,000 | $ | 4,735,930 | 0.9 | % |
(d) | The rate shown is the 7-day effective yield as of March 31, 2022. |
(e) | The security was purchased with cash collateral received from securities on loan. |
(f) | Percentage rounds to less than 0.1%. |
plc - Public Liability Company
Schedule of Portfolio Investments | ||||||||
Praxis Small Cap Index Fund | ||||||||
March 31, 2022 (Unaudited) | ||||||||
COMMON STOCKS - 98.6% | Shares | Fair Value | ||||||
ADVERTISING & MARKETING - 0.1% | ||||||||
QuinStreet, Inc. (a) | 15,700 | $ | 182,120 | |||||
AEROSPACE & DEFENSE - 0.2% | ||||||||
Barnes Group, Inc. | 2,800 | 112,532 | ||||||
Park Aerospace Corp. | 12,250 | 159,863 | ||||||
272,395 | ||||||||
APPAREL & TEXTILE PRODUCTS - 1.1% | ||||||||
Fossil Group, Inc. (a)(b) | 15,270 | 147,203 | ||||||
Kontoor Brands, Inc. | 7,330 | 303,095 | ||||||
Movado Group, Inc. | 6,810 | 265,931 | ||||||
Oxford Industries, Inc. | 3,465 | 313,583 | ||||||
Steven Madden Ltd. | 11,935 | 461,168 | ||||||
Wolverine World Wide, Inc. | 13,500 | 304,560 | ||||||
1,795,540 | ||||||||
ASSET MANAGEMENT - 0.6% | ||||||||
B. Riley Financial, Inc. | 3,350 | 234,366 | ||||||
Blucora, Inc. (a) | 15,340 | 299,897 | ||||||
BrightSphere Investment Group, Inc. (b) | 7,030 | 170,477 | ||||||
Virtus Investment Partners, Inc. | 920 | 220,791 | ||||||
925,531 | ||||||||
AUTOMOTIVE - 1.3% | ||||||||
American Axle & Manufacturing Holdings, Inc. (a) | 25,710 | 199,509 | ||||||
Dorman Products, Inc. (a) | 4,390 | 417,182 | ||||||
Gentherm, Inc. (a) | 4,820 | 352,053 | ||||||
Methode Electronics, Inc. (b) | 8,170 | 353,352 | ||||||
Standard Motor Products, Inc. | 3,290 | 141,931 | ||||||
XPEL, Inc. (a) | 11,120 | 585,023 | ||||||
2,049,050 | ||||||||
BANKING - 11.8% | ||||||||
Allegiance Bancshares, Inc. | 6,260 | 279,697 | ||||||
Ameris Bancorp | 10,274 | 450,823 | ||||||
Axos Financial, Inc. (a) | 8,590 | 398,490 | ||||||
Banc of California, Inc. | 10,340 | 200,182 | ||||||
BancFirst Corp. | 4,170 | 346,986 | ||||||
Bancorp, Inc. (The) (a) | 14,120 | 400,020 | ||||||
BankUnited, Inc. | 14,690 | 645,772 | ||||||
Banner Corp. | 6,070 | 355,277 |
Schedule of Portfolio Investments (Continued) | ||||||||
Praxis Small Cap Index Fund | ||||||||
COMMON STOCKS - 98.6% (Continued) | Shares | Fair Value | ||||||
BANKING - 11.8% (Continued) | ||||||||
Berkshire Hills Bancorp, Inc. | 14,650 | $ | 424,410 | |||||
Brookline Bancorp, Inc. | 7,810 | 123,554 | ||||||
Capitol Federal Financial, Inc. | 21,140 | 230,003 | ||||||
Central Pacific Financial Corp. | 11,430 | 318,897 | ||||||
City Holding Co. | 2,750 | 216,425 | ||||||
Columbia Banking System, Inc. (b) | 11,000 | 354,970 | ||||||
Community Bank System, Inc. | 5,920 | 415,288 | ||||||
Customers Bancorp, Inc. (a) | 12,040 | 627,766 | ||||||
CVB Financial Corp. | 13,000 | 301,730 | ||||||
Dime Community Bancshares, Inc. | 21,099 | 729,392 | ||||||
Eagle Bancorp, Inc. | 5,790 | 330,088 | ||||||
FB Financial Corp. | 3,776 | 167,730 | ||||||
First BanCorp. | 38,970 | 511,286 | ||||||
First Bancorp/NC | 5,760 | 240,595 | ||||||
First Commonwealth Financial Corp. | 7,040 | 106,726 | ||||||
First Financial Bancorp | 4,650 | 107,182 | ||||||
First Hawaiian, Inc. | 23,640 | 659,320 | ||||||
Flagstar Bancorp, Inc. | 6,160 | 261,184 | ||||||
Hanmi Financial Corp. | 14,750 | 362,997 | ||||||
HomeStreet, Inc. | 5,810 | 275,278 | ||||||
Hope Bancorp, Inc. | 22,210 | 357,137 | ||||||
Independent Bank Corp. | 5,580 | 455,830 | ||||||
Independent Bank Group, Inc. | 4,980 | 354,377 | ||||||
Investors Bancorp, Inc. | 40,660 | 607,054 | ||||||
Lakeland Financial Corp. | 3,600 | 262,800 | ||||||
Meta Financial Group, Inc. | 6,750 | 370,710 | ||||||
National Bank Holdings Corp. - Class A | 6,570 | 264,640 | ||||||
NBT Bancorp, Inc. | 3,260 | 117,784 | ||||||
Northfield Bancorp, Inc. | 14,500 | 208,220 | ||||||
Northwest Bancshares, Inc. | 32,770 | 442,723 | ||||||
OFG Bancorp (b) | 11,530 | 307,159 | ||||||
Pacific Premier Bancorp, Inc. | 11,826 | 418,049 | ||||||
Park National Corp. | 2,050 | 269,329 | ||||||
Preferred Bank | 2,910 | 215,602 | ||||||
Provident Financial Services, Inc. | 14,360 | 336,024 | ||||||
Renasant Corp. | 9,410 | 314,765 | ||||||
Seacoast Banking Corp. of Florida | 8,510 | 298,020 | ||||||
ServisFirst Bancshares, Inc. (b) | 10,670 | 1,016,744 |
Schedule of Portfolio Investments (Continued) | ||||||||
Praxis Small Cap Index Fund | ||||||||
COMMON STOCKS - 98.6% (Continued) | Shares | Fair Value | ||||||
BANKING - 11.8% (Continued) | ||||||||
Simmons First National Corp. - Class A | 15,560 | $ | 407,983 | |||||
Southside Bancshares, Inc. | 4,987 | 203,619 | ||||||
Triumph Bancorp, Inc. (a) | 5,040 | 473,861 | ||||||
Trustmark Corp. | 3,750 | 113,963 | ||||||
United Community Banks, Inc. | 15,290 | 532,092 | ||||||
Veritex Holdings, Inc. | 13,050 | 498,119 | ||||||
Westamerica Bancorp. | 2,130 | 128,865 | ||||||
WSFS Financial Corp. | 10,230 | 476,923 | ||||||
19,294,460 | ||||||||
BEVERAGES - 0.7% | ||||||||
Celsius Holdings, Inc. (a)(b) | 7,620 | 420,472 | ||||||
Coca-Cola Consolidated, Inc. | 990 | 491,881 | ||||||
National Beverage Corp. | 4,440 | 193,140 | ||||||
1,105,493 | ||||||||
BIOTECH & PHARMA - 2.9% | ||||||||
Anika Therapeutics, Inc. (a)(b) | 9,560 | 240,051 | ||||||
Avid Bioservices, Inc. (a)(b) | 13,350 | 271,939 | ||||||
Coherus Biosciences, Inc. (a)(b) | 11,690 | 150,918 | ||||||
Cytokinetics, Inc. (a) | 13,900 | 511,659 | ||||||
Emergent BioSolutions, Inc. (a) | 8,680 | 356,401 | ||||||
Enanta Pharmaceuticals, Inc. (a) | 4,260 | 303,227 | ||||||
Heska Corp. (a)(b) | 1,950 | 269,646 | ||||||
Innoviva, Inc. (a)(b) | 11,970 | 231,619 | ||||||
iTeos Therapeutics, Inc. (a)(b) | 6,490 | 208,848 | ||||||
Ligand Pharmaceuticals, Inc. (a)(b) | 2,760 | 310,472 | ||||||
Nektar Therapeutics (a) | 17,900 | 96,481 | ||||||
Pacira BioSciences, Inc. (a) | 4,030 | 307,570 | ||||||
Prestige Consumer Healthcare, Inc. (a) | 8,640 | 457,402 | ||||||
REGENXBIO, Inc. (a) | 5,140 | 170,597 | ||||||
Supernus Pharmaceuticals, Inc. (a) | 8,430 | 272,458 | ||||||
uniQure N.V. (a)(b) | 12,780 | 230,935 | ||||||
Vanda Pharmaceuticals, Inc. (a) | 10,890 | 123,166 | ||||||
Xencor, Inc. (a)(b) | 10,740 | 286,543 | ||||||
4,799,932 | ||||||||
CHEMICALS - 3.3% | ||||||||
AdvanSix, Inc. | 7,480 | 382,153 | ||||||
Balchem Corp. | 5,600 | 765,520 | ||||||
GCP Applied Technologies, Inc. (a) | 6,470 | 203,287 |
Schedule of Portfolio Investments (Continued) | ||||||||
Praxis Small Cap Index Fund | ||||||||
COMMON STOCKS - 98.6% (Continued) | Shares | Fair Value | ||||||
CHEMICALS - 3.3% (Continued) | ||||||||
H.B. Fuller Co. | 10,240 | $ | 676,557 | |||||
Innospec, Inc. | 1,970 | 182,323 | ||||||
Materion Corp. | 3,520 | 301,805 | ||||||
Quaker Chemical Corp. (b) | 2,730 | 471,771 | ||||||
Rogers Corp. (a) | 3,610 | 980,837 | ||||||
Stepan Co. | 3,960 | 391,288 | ||||||
Trinseo plc | 11,030 | 528,558 | ||||||
WD-40 Co. (b) | 2,500 | 458,075 | ||||||
5,342,174 | ||||||||
COMMERCIAL SUPPORT SERVICES - 3.7% | ||||||||
ABM Industries, Inc. | 13,350 | 614,634 | ||||||
AMN Healthcare Services, Inc. (a)(b) | 9,180 | 957,750 | ||||||
Brady Corp. - Class A | 19,830 | 917,534 | ||||||
CorVel Corp. (a)(b) | 2,390 | 402,572 | ||||||
Harsco Corp. (a) | 14,500 | 177,480 | ||||||
Healthcare Services Group, Inc. | 7,100 | 131,847 | ||||||
Heidrick & Struggles International, Inc. | 6,300 | 249,354 | ||||||
Kelly Services, Inc. - Class A | 11,930 | 258,762 | ||||||
Korn Ferry | 8,880 | 576,667 | ||||||
TrueBlue, Inc. (a) | 27,600 | 797,364 | ||||||
UniFirst Corp. | 1,790 | 329,861 | ||||||
US Ecology, Inc. (a) | 9,930 | 475,448 | ||||||
Viad Corp. (a) | 5,500 | 196,020 | ||||||
6,085,293 | ||||||||
CONSTRUCTION MATERIALS - 0.1% | ||||||||
Apogee Enterprises, Inc. | 4,720 | 224,011 | ||||||
CONSUMER SERVICES - 1.2% | ||||||||
Adtalem Global Education, Inc. (a) | 27,490 | 816,728 | ||||||
American Public Education, Inc. (a) | 7,960 | 169,071 | ||||||
Medifast, Inc. | 1,780 | 303,988 | ||||||
Perdoceo Education Corp. (a) | 16,740 | 192,175 | ||||||
Strategic Education, Inc. (b) | 4,060 | 269,503 | ||||||
WW International, Inc. (a) | 13,630 | 139,435 | ||||||
1,890,900 | ||||||||
CONTAINERS & PACKAGING - 0.3% | ||||||||
Myers Industries, Inc. | 10,120 | 218,592 |
Schedule of Portfolio Investments (Continued) | ||||||||
Praxis Small Cap Index Fund | ||||||||
COMMON STOCKS - 98.6% (Continued) | Shares | Fair Value | ||||||
CONTAINERS & PACKAGING - 0.3% (Continued) | ||||||||
O-I Glass, Inc. (a) | 22,780 | $ | 300,240 | |||||
518,832 | ||||||||
E-COMMERCE DISCRETIONARY - 0.1% | ||||||||
PetMed Express, Inc. (b) | 8,210 | 211,818 | ||||||
ELECTRIC UTILITIES - 1.4% | ||||||||
Avista Corp. | 24,940 | 1,126,041 | ||||||
Unitil Corp. | 21,890 | 1,091,873 | ||||||
2,217,914 | ||||||||
ELECTRICAL EQUIPMENT - 2.3% | ||||||||
AAON, Inc. | 8,190 | 456,429 | ||||||
Advanced Energy Industries, Inc. | 6,290 | 541,443 | ||||||
Alarm.com Holdings, Inc. (a) | 7,330 | 487,152 | ||||||
Badger Meter, Inc. | 6,300 | 628,173 | ||||||
FARO Technologies, Inc. (a) | 5,290 | 274,657 | ||||||
Itron, Inc. (a) | 8,320 | 438,297 | ||||||
Mesa Laboratories, Inc. (b) | 1,460 | 372,125 | ||||||
OSI Systems, Inc. (a) | 2,550 | 217,056 | ||||||
SPX Corp. (a) | 7,870 | 388,857 | ||||||
3,804,189 | ||||||||
ENGINEERING & CONSTRUCTION - 1.4% | ||||||||
Arcosa, Inc. | 5,970 | 341,783 | ||||||
Comfort Systems USA, Inc. | 5,920 | 526,939 | ||||||
Exponent, Inc. | 5,980 | 646,139 | ||||||
Granite Construction, Inc. | 7,530 | 246,984 | ||||||
Installed Building Products, Inc. | 3,410 | 288,111 | ||||||
NV5 Holdings, Inc. (a) | 2,110 | 281,263 | ||||||
2,331,219 | ||||||||
ENTERTAINMENT CONTENT - 0.2% | ||||||||
AMC Networks, Inc. - Class A (a)(b) | 7,960 | 323,415 | ||||||
FOOD - 0.9% | ||||||||
B&G Foods, Inc. (b) | 10,010 | 270,070 | ||||||
Hostess Brands, Inc. (a) | 9,380 | 205,797 | ||||||
Simply Good Foods Co. (The) (a) | 13,640 | 517,638 | ||||||
TreeHouse Foods, Inc. (a) | 9,670 | 311,954 |
Schedule of Portfolio Investments (Continued) | ||||||||
Praxis Small Cap Index Fund | ||||||||
COMMON STOCKS - 98.6% (Continued) | Shares | Fair Value | ||||||
FOOD - 0.9% (Continued) | ||||||||
USANA Health Sciences, Inc. (a) | 2,410 | $ | 191,475 | |||||
1,496,934 | ||||||||
FORESTRY, PAPER & WOOD PRODUCTS - 0.9% | ||||||||
Boise Cascade Co. | 7,010 | 486,985 | ||||||
Glatfelter Corp. | 11,660 | 144,351 | ||||||
Neenah, Inc. | 4,380 | 173,711 | ||||||
UFP Industries, Inc. | 9,070 | 699,841 | ||||||
1,504,888 | ||||||||
GAS & WATER UTILITIES - 2.0% | ||||||||
American States Water Co. | 12,600 | 1,121,652 | ||||||
California Water Service Group | 18,230 | 1,080,674 | ||||||
Middlesex Water Co. (b) | 10,930 | 1,149,508 | ||||||
3,351,834 | ||||||||
HEALTH CARE FACILITIES & SERVICES - 3.2% | ||||||||
Addus HomeCare Corp. (a) | 2,750 | 256,547 | ||||||
Apollo Medical Holdings, Inc. (a) | 6,870 | 332,989 | ||||||
Community Health Systems, Inc. (a) | 23,150 | 274,790 | ||||||
Covetrus, Inc. (a)(b) | 21,810 | 366,190 | ||||||
Cross Country Healthcare, Inc. (a) | 12,950 | 280,627 | ||||||
Ensign Group, Inc. (The) | 8,010 | 720,980 | ||||||
Fulgent Genetics, Inc. (a)(b) | 2,920 | 182,237 | ||||||
Joint Corp. (The) (a) | 4,350 | 153,947 | ||||||
MEDNAX, Inc. (a)(b) | 14,540 | 341,399 | ||||||
ModivCare, Inc. (a) | 2,130 | 245,781 | ||||||
NeoGenomics, Inc. (a) | 17,840 | 216,756 | ||||||
Owens & Minor, Inc. (b) | 12,410 | 546,288 | ||||||
Pennant Group, Inc. (The) (a) | 10,440 | 194,497 | ||||||
RadNet, Inc. (a)(b) | 11,320 | 253,228 | ||||||
Select Medical Holdings Corp. | 16,840 | 403,992 | ||||||
Tivity Health, Inc. (a) | 9,700 | 312,049 | ||||||
U.S. Physical Therapy, Inc. | 2,080 | 206,856 | ||||||
5,289,153 | ||||||||
HOME & OFFICE PRODUCTS - 0.5% | ||||||||
HNI Corp. | 11,550 | 427,928 | ||||||
iRobot Corp. (a) | 3,560 | 225,704 | ||||||
Tupperware Brands Corp. (a) | 8,780 | 170,771 | ||||||
824,403 |
Schedule of Portfolio Investments (Continued) | ||||||||
Praxis Small Cap Index Fund | ||||||||
COMMON STOCKS - 98.6% (Continued) | Shares | Fair Value | ||||||
HOME CONSTRUCTION - 2.3% | ||||||||
Cavco Industries, Inc. (a)(b) | 1,500 | $ | 361,275 | |||||
Century Communities, Inc. | 4,430 | 237,315 | ||||||
Century Communities, Inc. (a) | 10,890 | 230,433 | ||||||
Interface, Inc. | 74,880 | 1,016,122 | ||||||
LGI Homes, Inc. (a) | 3,980 | 388,766 | ||||||
M/I Homes, Inc. (a) | 3,510 | 155,669 | ||||||
MDC Holdings, Inc. | 10,555 | 399,401 | ||||||
Meritage Homes Corp. (a) | 6,110 | 484,095 | ||||||
Patrick Industries, Inc. | 4,460 | 268,938 | ||||||
PGT Innovations, Inc. (a) | 9,950 | 178,901 | ||||||
3,720,915 | ||||||||
HOUSEHOLD PRODUCTS - 0.5% | ||||||||
e.l.f. Beauty, Inc. (a) | 8,410 | 217,230 | ||||||
Edgewell Personal Care Co. (b) | 2,740 | 100,476 | ||||||
Inter Parfums, Inc. | 2,400 | 211,320 | ||||||
Quanex Building Products Corp. | 11,930 | 250,411 | ||||||
779,437 | ||||||||
INDUSTRIAL INTERMEDIATE PRODUCTS - 1.4% | ||||||||
AZZ, Inc. | 4,910 | 236,858 | ||||||
EnPro Industries, Inc. | 4,810 | 470,081 | ||||||
Gibraltar Industries, Inc. (a) | 5,860 | 251,687 | ||||||
Insteel Industries, Inc. (b) | 8,650 | 319,964 | ||||||
Mueller Industries, Inc. | 4,360 | 236,181 | ||||||
Proto Labs, Inc. (a) | 10,630 | 562,327 | ||||||
Standex International Corp. | 2,030 | 202,838 | ||||||
2,279,936 | ||||||||
INDUSTRIAL SUPPORT SERVICES - 1.0% | ||||||||
Applied Industrial Technologies, Inc. | 8,380 | 860,291 | ||||||
DXP Enterprises, Inc. (a) | 5,460 | 147,911 | ||||||
Resideo Technologies, Inc. (a) | 24,870 | 592,652 | ||||||
1,600,854 | ||||||||
INSTITUTIONAL FINANCIAL SERVICES - 0.4% | ||||||||
Piper Sandler Cos. | 3,730 | 489,563 | ||||||
StoneX Group, Inc. (a) | 2,410 | 178,894 | ||||||
668,457 | ||||||||
INSURANCE - 1.6% | ||||||||
Ambac Financial Group, Inc. (a) | 10,910 | 113,464 | ||||||
American Equity Investment Life Holding Co. | 12,570 | 501,669 |
Schedule of Portfolio Investments (Continued) | ||||||||
Praxis Small Cap Index Fund | ||||||||
COMMON STOCKS - 98.6% (Continued) | Shares | Fair Value | ||||||
INSURANCE - 1.6% (Continued) | ||||||||
Assured Guaranty Ltd. | 6,380 | $ | 406,151 | |||||
eHealth, Inc. (a) | 9,890 | 122,735 | ||||||
Employers Holdings, Inc. | 3,240 | 132,905 | ||||||
Genworth Financial, Inc. - Class A (a) | 86,690 | 327,688 | ||||||
NMI Holdings, Inc. - Class A (a) | 9,380 | 193,415 | ||||||
Palomar Holdings, Inc. (a) | 2,530 | 161,895 | ||||||
ProAssurance Corp. | 8,450 | 227,136 | ||||||
SelectQuote, Inc. (a) | 9,440 | 26,337 | ||||||
Trupanion, Inc. (a)(b) | 4,260 | 379,651 | ||||||
2,593,046 | ||||||||
INTERNET MEDIA & SERVICES - 0.5% | ||||||||
Cars.com, Inc. (a) | 16,270 | 234,776 | ||||||
Shutterstock, Inc. (b) | 3,610 | 336,019 | ||||||
TechTarget, Inc. (a) | 2,580 | 209,702 | ||||||
780,497 | ||||||||
LEISURE FACILITIES & SERVICES - 1.9% | ||||||||
Bloomin' Brands, Inc. (b) | 18,470 | 405,232 | ||||||
Brinker International, Inc. (a) | 6,840 | 261,014 | ||||||
Cheesecake Factory, Inc. (The) (a) | 8,880 | 353,335 | ||||||
Chuy's Holdings, Inc. (a)(b) | 6,950 | 187,650 | ||||||
Cinemark Holdings, Inc. (a) | 24,860 | 429,581 | ||||||
Dave & Buster's Entertainment, Inc. (a) | 9,190 | 451,229 | ||||||
Dine Brands Global, Inc. (b) | 3,280 | 255,676 | ||||||
Jack in the Box, Inc. | 2,680 | 250,339 | ||||||
Marcus Corp. (The) (a) | 6,890 | 121,953 | ||||||
Shake Shack, Inc. - Class A (a) | 5,830 | 395,857 | ||||||
3,111,866 | ||||||||
LEISURE PRODUCTS - 0.4% | ||||||||
LCI Industries | 4,750 | 493,097 | ||||||
Winnebago Industries, Inc. (b) | 3,720 | 200,992 | ||||||
694,089 | ||||||||
MACHINERY - 2.5% | ||||||||
Alamo Group, Inc. | 1,800 | 258,822 | ||||||
Astec Industries, Inc. | 2,380 | 102,340 | ||||||
Enerpac Tool Group Corp. | 11,790 | 258,083 | ||||||
ESCO Technologies, Inc. | 3,760 | 262,899 | ||||||
Franklin Electric Co., Inc. | 6,300 | 523,152 | ||||||
Hillenbrand, Inc. | 4,920 | 217,316 |
Schedule of Portfolio Investments (Continued) | ||||||||
Praxis Small Cap Index Fund | ||||||||
COMMON STOCKS - 98.6% (Continued) | Shares | Fair Value | ||||||
MACHINERY - 2.5% (Continued) | ||||||||
John Bean Technologies Corp. | 5,325 | $ | 630,853 | |||||
Lindsay Corp. | 3,140 | 493,011 | ||||||
SPX FLOW, Inc. | 7,180 | 619,060 | ||||||
Tennant Co. | 3,800 | 299,440 | ||||||
Titan International, Inc. (a) | 33,750 | 497,138 | ||||||
4,162,114 | ||||||||
MEDICAL EQUIPMENT & DEVICES - 3.6% | ||||||||
AngioDynamics, Inc. (a) | 4,960 | 106,839 | ||||||
Avanos Medical, Inc. (a) | 13,540 | 453,590 | ||||||
CONMED Corp. | 3,920 | 582,316 | ||||||
Cutera, Inc. (a) | 3,160 | 218,040 | ||||||
Glaukos Corp. (a) | 7,100 | 410,522 | ||||||
Inogen, Inc. (a) | 4,340 | 140,703 | ||||||
Integer Holdings Corp. (a) | 4,160 | 335,171 | ||||||
Lantheus Holdings, Inc. (a) | 14,313 | 791,652 | ||||||
LeMaitre Vascular, Inc. | 5,530 | 256,979 | ||||||
Meridian Bioscience, Inc. (a) | 8,520 | 221,179 | ||||||
Merit Medical Systems, Inc. (a)(b) | 10,140 | 674,513 | ||||||
Myriad Genetics, Inc. (a) | 13,280 | 334,656 | ||||||
Omnicell, Inc. (a) | 6,130 | 793,774 | ||||||
OraSure Technologies, Inc. (a) | 14,750 | 100,005 | ||||||
Varex Imaging Corp. (a)(b) | 8,210 | 174,791 | ||||||
Vericel Corp. (a)(b) | 8,820 | 337,100 | ||||||
5,931,830 | ||||||||
METALS & MINING - 1.7% | ||||||||
Arconic Corp. (a) | 22,370 | 573,120 | ||||||
Century Aluminum Co. (a) | 11,050 | 290,726 | ||||||
Encore Wire Corp. | 3,690 | 420,918 | ||||||
Kaiser Aluminum Corp. | 2,990 | 281,538 | ||||||
Livent Corp. (a) | 35,680 | 930,178 | ||||||
SunCoke Energy, Inc. | 30,440 | 271,220 | ||||||
2,767,700 | ||||||||
OIL & GAS SERVICES & EQUIPMENT - 1.3% | ||||||||
Core Laboratories N.V. | 40,380 | 1,277,219 | ||||||
DMC Global, Inc. (a) | 3,490 | 106,445 | ||||||
NOW, Inc. (a) | 35,760 | 394,433 | ||||||
U.S. Silica Holdings, Inc. (a) | 16,680 | 311,249 | ||||||
2,089,346 |
Schedule of Portfolio Investments (Continued) | ||||||||
Praxis Small Cap Index Fund | ||||||||
COMMON STOCKS - 98.6% (Continued) | Shares | Fair Value | ||||||
PUBLISHING & BROADCASTING - 0.4% | ||||||||
E.W. Scripps Co. (The) - Class A (a) | 9,180 | $ | 190,852 | |||||
Gannett Co., Inc. (a) | 44,487 | 200,636 | ||||||
Scholastic Corp. | 8,410 | 338,755 | ||||||
730,243 | ||||||||
REAL ESTATE OWNERS & DEVELOPERS - 0.2% | ||||||||
St. Joe Co. (The) | 5,140 | 304,494 | ||||||
REAL ESTATE SERVICES - 0.7% | ||||||||
Centerspace | 3,050 | 299,266 | ||||||
Marcus & Millichap, Inc. | 3,450 | 181,746 | ||||||
RE/MAX Holdings, Inc. - Class A | 4,650 | 128,944 | ||||||
Realogy Holdings Corp. (a) | 32,310 | 506,621 | ||||||
1,116,577 | ||||||||
REITS - 8.4% | ||||||||
Acadia Realty Trust | 17,540 | 380,092 | ||||||
Agree Realty Corp. | 9,030 | 599,231 | ||||||
Alexander & Baldwin, Inc. | 14,570 | 337,878 | ||||||
American Assets Trust, Inc. | 6,220 | 235,676 | ||||||
Armada Hoffler Properties, Inc. | 12,440 | 181,624 | ||||||
ARMOUR Residential REIT, Inc. (b) | 16,350 | 137,340 | ||||||
Brandywine Realty Trust | 55,840 | 789,577 | ||||||
CareTrust REIT, Inc. | 12,440 | 240,092 | ||||||
Chatham Lodging Trust (a) | 14,320 | 197,473 | ||||||
DiamondRock Hospitality Co. (a) | 41,780 | 421,978 | ||||||
Diversified Healthcare Trust | 51,720 | 165,504 | ||||||
Easterly Government Properties, Inc. | 9,670 | 204,424 | ||||||
Essential Properties Realty Trust, Inc. | 4,580 | 115,874 | ||||||
Four Corners Property Trust, Inc. | 4,460 | 120,598 | ||||||
Franklin BSP Realty Trust, Inc. | 17,972 | 251,248 | ||||||
Franklin Street Properties Corp. | 32,340 | 190,806 | ||||||
Getty Realty Corp. | 8,140 | 232,967 | ||||||
Hersha Hospitality Trust (a) | 18,960 | 172,157 | ||||||
Independence Realty Trust, Inc. | 21,030 | 556,033 | ||||||
Industrial Logistics Properties Trust | 9,300 | 210,831 | ||||||
Innovative Industrial Properties, Inc. | 3,480 | 714,792 | ||||||
iStar, Inc. | 14,210 | 332,656 | ||||||
Lexington Realty Trust | 32,120 | 504,284 | ||||||
LTC Properties, Inc. | 7,200 | 276,984 |
Schedule of Portfolio Investments (Continued) | ||||||||
Praxis Small Cap Index Fund | ||||||||
COMMON STOCKS - 98.6% (Continued) | Shares | Fair Value | ||||||
REITS - 8.4% (Continued) | ||||||||
Matson, Inc. | 7,900 | $ | 952,898 | |||||
Office Properties Income Trust | 8,060 | 207,384 | ||||||
Retail Opportunity Investments Corp. | 15,690 | 304,229 | ||||||
RPT Realty | 19,470 | 268,102 | ||||||
Safehold, Inc. (b) | 3,430 | 190,193 | ||||||
Saul Centers, Inc. | 3,420 | 180,234 | ||||||
Service Properties Trust | 28,290 | 249,801 | ||||||
SITE Centers Corp. | 33,690 | 562,960 | ||||||
Summit Hotel Properties, Inc. (a)(b) | 23,710 | 236,152 | ||||||
Tanger Factory Outlet Centers, Inc. | 23,000 | 395,370 | ||||||
Two Harbors Investment Corp. (b) | 41,120 | 227,394 | ||||||
Uniti Group, Inc. | 35,680 | 490,957 | ||||||
Universal Health Realty Income Trust | 3,390 | 197,874 | ||||||
Urstadt Biddle Properties, Inc. - Class A | 16,730 | 314,691 | ||||||
Veris Residential, Inc. (a) | 20,870 | 362,929 | ||||||
Washington Real Estate Investment Trust | 21,530 | 549,015 | ||||||
Whitestone REIT (a) | 11,640 | 154,230 | ||||||
Xenia Hotel & Resorts, Inc. (a) | 18,240 | 351,850 | ||||||
13,766,382 | ||||||||
RENEWABLE ENERGY - 0.5% | ||||||||
FutureFuel Corp. (b) | 18,910 | 183,994 | ||||||
Green Plains, Inc. (a) | 10,370 | 321,574 | ||||||
Renewable Energy Group, Inc. (a) | 5,840 | 354,196 | ||||||
859,764 | ||||||||
RETAIL - CONSUMER STAPLES - 0.9% | ||||||||
Big Lots, Inc. | 5,740 | 198,604 | ||||||
OptimizeRx, Corp. (a) | 5,000 | 188,550 | ||||||
PriceSmart, Inc. | 2,690 | 212,160 | ||||||
SpartanNash Co. | 28,990 | 956,380 | ||||||
1,555,694 | ||||||||
RETAIL - DISCRETIONARY - 4.9% | ||||||||
Abercrombie & Fitch Co. - Class A (a)(b) | 13,550 | 433,464 | ||||||
Academy Sports & Outdoors, Inc. | 7,020 | 276,588 | ||||||
America's Car-Mart, Inc. (a) | 1,440 | 116,006 | ||||||
Asbury Automotive Group, Inc. (a)(b) | 3,100 | 496,620 | ||||||
Bed Bath & Beyond, Inc. (a)(b) | 19,560 | 440,687 | ||||||
Boot Barn Holdings, Inc. (a)(b) | 4,560 | 432,242 | ||||||
Buckle, Inc. (The) | 5,380 | 177,755 |
Schedule of Portfolio Investments (Continued) | ||||||||
Praxis Small Cap Index Fund | ||||||||
COMMON STOCKS - 98.6% (Continued) | Shares | Fair Value | ||||||
RETAIL - DISCRETIONARY - 4.9% (Continued) | ||||||||
Caleres, Inc. | 10,210 | $ | 197,359 | |||||
Chico's FAS, Inc. (a)(b) | 40,780 | 195,744 | ||||||
Children's Place, Inc. (The) (a) | 4,250 | 209,525 | ||||||
Conn's, Inc. (a) | 5,180 | 79,824 | ||||||
Designer Brands, Inc. - Class A (a)(b) | 11,180 | 151,042 | ||||||
Ethan Allen Interiors, Inc. (b) | 16,450 | 428,851 | ||||||
Genesco, Inc. (a)(b) | 3,300 | 209,913 | ||||||
GMS, Inc. (a) | 7,050 | 350,879 | ||||||
Group 1 Automotive, Inc. | 3,050 | 511,882 | ||||||
Guess?, Inc. (b) | 9,260 | 202,331 | ||||||
Hibbett, Inc. | 5,140 | 227,908 | ||||||
La-Z-Boy, Inc. | 6,970 | 183,799 | ||||||
Lumber Liquidators Holdings, Inc. (a) | 8,400 | 117,768 | ||||||
MarineMax, Inc. (a) | 10,070 | 405,418 | ||||||
Monro, Inc. (b) | 6,250 | 277,125 | ||||||
ODP Corp. (The) (a) | 7,677 | 351,837 | ||||||
Sally Beauty Holdings, Inc. (a)(b) | 15,060 | 235,388 | ||||||
Shoe Carnival, Inc. (a)(b) | 790 | 23,036 | ||||||
Signet Jewelers Ltd. | 10,990 | 798,973 | ||||||
Sleep Number Corp. (a)(b) | 4,070 | 206,390 | ||||||
Sonic Automotive, Inc. - Class A (b) | 4,410 | 187,469 | ||||||
Zumiez, Inc. (a)(b) | 4,180 | 159,718 | ||||||
8,085,541 | ||||||||
SEMICONDUCTORS - 3.8% | ||||||||
Axcelis Technologies, Inc. (a) | 11,700 | 883,701 | ||||||
CEVA, Inc. (a) | 4,260 | 173,169 | ||||||
Cohu, Inc. (a)(b) | 7,270 | 215,192 | ||||||
CTS Corp. | 6,010 | 212,393 | ||||||
Diodes, Inc. (a) | 6,230 | 541,948 | ||||||
FormFactor, Inc. (a) | 11,450 | 481,244 | ||||||
Kulicke & Soffa Industries, Inc. (b) | 9,850 | 551,797 | ||||||
MaxLinear, Inc. (a) | 12,360 | 721,206 | ||||||
Onto Innovation, Inc. (a)(b) | 12,887 | 1,119,751 | ||||||
Photronics, Inc. (a) | 16,690 | 283,229 | ||||||
Rambus, Inc. (a) | 13,445 | 428,761 | ||||||
Ultra Clean Holdings, Inc. (a) | 7,410 | 314,110 | ||||||
Veeco Instruments, Inc. (a) | 8,620 | 234,378 | ||||||
6,160,879 |
Schedule of Portfolio Investments (Continued) | ||||||||
Praxis Small Cap Index Fund | ||||||||
COMMON STOCKS - 98.6% (Continued) | Shares | Fair Value | ||||||
SOFTWARE - 2.8% | ||||||||
Agilysys, Inc. (a) | 6,190 | $ | 246,857 | |||||
Allscripts Healthcare Solutions, Inc. (a) | 16,430 | 370,004 | ||||||
Bottomline Technologies (de), Inc. (a) | 9,980 | 565,666 | ||||||
Cerence, Inc. (a) | 3,270 | 118,047 | ||||||
Consensus Cloud Solutions, Inc. (a) | 2,110 | 126,874 | ||||||
Digi International, Inc. (a)(b) | 11,930 | 256,734 | ||||||
Donnelley Financial Solutions, Inc. (a) | 6,550 | 217,853 | ||||||
Ebix, Inc. | 7,800 | 258,570 | ||||||
LivePerson, Inc. (a) | 9,500 | 231,990 | ||||||
Loyalty Ventures, Inc. (a) | 9,260 | 153,068 | ||||||
NextGen Healthcare, Inc. (a) | 7,250 | 151,597 | ||||||
PDF Solutions, Inc. (a) | 9,190 | 256,125 | ||||||
Progress Software Corp. | 6,410 | 301,847 | ||||||
Simulations Plus, Inc. (b) | 4,890 | 249,292 | ||||||
SPS Commerce, Inc. (a) | 5,620 | 737,344 | ||||||
Thryv Holdings, Inc. (a) | 9,180 | 258,142 | ||||||
Xperi Holding Corp. | 7,331 | 126,973 | ||||||
4,626,983 | ||||||||
SPECIALTY FINANCE - 3.1% | ||||||||
Apollo Commercial Real Estate Finance, Inc. | 31,690 | 441,442 | ||||||
Deluxe Corp. | 18,520 | 560,045 | ||||||
Ellington Financial, Inc. | 7,330 | 130,107 | ||||||
Encore Capital Group, Inc. (a)(b) | 7,690 | 482,394 | ||||||
Enova International, Inc. (a) | 7,260 | 275,662 | ||||||
Granite Point Mortgage Trust, Inc. | 14,530 | 161,574 | ||||||
Invesco Mortgage Capital, Inc. (b) | 88,761 | 202,375 | ||||||
KKR Real Estate Finance Trust, Inc. (b) | 6,670 | 137,469 | ||||||
LendingTree, Inc. (a) | 2,130 | 254,897 | ||||||
Mr. Cooper Group, Inc. (a) | 10,090 | 460,810 | ||||||
New York Mortgage Trust, Inc. | 44,650 | 162,972 | ||||||
PennyMac Mortgage Investment Trust | 15,630 | 263,991 | ||||||
PRA Group, Inc. (a)(b) | 6,040 | 272,283 | ||||||
Redwood Trust, Inc. | 19,810 | 208,599 | ||||||
Stewart Information Services Corp. | 3,830 | 232,136 | ||||||
Walker & Dunlop, Inc. | 5,200 | 672,984 | ||||||
World Acceptance Corp. (a)(b) | 1,220 | 234,045 | ||||||
5,153,785 |
Schedule of Portfolio Investments (Continued) | ||||||||
Praxis Small Cap Index Fund | ||||||||
COMMON STOCKS - 98.6% (Continued) | Shares | Fair Value | ||||||
STEEL - 0.5% | ||||||||
Allegheny Technologies, Inc. (a) | 13,280 | $ | 356,435 | |||||
Carpenter Technology Corp. | 3,100 | 130,138 | ||||||
TimkenSteel Corp. (a) | 17,280 | 378,087 | ||||||
864,660 | ||||||||
TECHNOLOGY HARDWARE - 4.1% | ||||||||
3D Systems Corp. (a) | 16,470 | 274,720 | ||||||
ADTRAN, Inc. | 14,390 | 265,495 | ||||||
Arlo Technologies, Inc. (a) | 13,820 | 122,445 | ||||||
Benchmark Electronics, Inc. | 7,800 | 195,312 | ||||||
CalAmp Corp. (a) | 21,620 | 158,042 | ||||||
Comtech Telecommunications Corp. | 7,460 | 117,047 | ||||||
Diebold Nixdorf, Inc. (a) | 14,170 | 95,364 | ||||||
Extreme Networks, Inc. (a) | 29,990 | 366,178 | ||||||
Fabrinet (a) | 9,090 | 955,632 | ||||||
Harmonic, Inc. (a)(b) | 17,410 | 161,739 | ||||||
InterDigital, Inc. | 4,780 | 304,964 | ||||||
Knowles Corp. (a) | 18,120 | 390,124 | ||||||
NetScout Systems, Inc. (a) | 11,780 | 377,902 | ||||||
Pitney Bowes, Inc. | 89,670 | 466,284 | ||||||
Plantronics, Inc. (a)(b) | 5,500 | 216,700 | ||||||
Plexus Corp. (a)(b) | 4,900 | 400,869 | ||||||
Sanmina Corp. (a) | 13,090 | 529,098 | ||||||
Sonos, Inc. (a) | 4,040 | 114,009 | ||||||
TTM Technologies, Inc. (a) | 16,420 | 243,344 | ||||||
Universal Electronics, Inc. (a) | 5,820 | 181,817 | ||||||
Viavi Solutions, Inc. (a) | 44,640 | 717,811 | ||||||
6,654,896 | ||||||||
TECHNOLOGY SERVICES - 2.3% | ||||||||
CSG Systems International, Inc. | 3,800 | 241,566 | ||||||
EVERTEC, Inc. | 10,810 | 442,453 | ||||||
ExlService Holdings, Inc. (a) | 5,430 | 777,956 | ||||||
Green Dot Corp. - Class A (a) | 7,600 | 208,848 | ||||||
Insight Enterprises, Inc. (a) | 8,860 | 950,855 | ||||||
Perficient, Inc. (a) | 5,160 | 568,064 | ||||||
TTEC Holdings, Inc. | 3,630 | 299,548 | ||||||
Unisys Corp. (a) | 10,560 | 228,202 | ||||||
3,717,492 |
Schedule of Portfolio Investments (Continued) | ||||||||
Praxis Small Cap Index Fund | ||||||||
COMMON STOCKS - 98.6% (Continued) | Shares | Fair Value | ||||||
TELECOMMUNICATIONS - 1.1% | ||||||||
8x8, Inc. (a) | 7,640 | $ | 96,187 | |||||
Cogent Communications Holdings, Inc. | 5,100 | 338,385 | ||||||
Consolidated Communications Holdings, Inc. (a) | 29,970 | 176,823 | ||||||
Telephone and Data Systems, Inc. | 17,960 | 339,085 | ||||||
Vonage Holdings Corp. (a) | 44,810 | 909,195 | ||||||
1,859,675 | ||||||||
TRANSPORTATION & LOGISTICS - 2.4% | ||||||||
Allegiant Travel Co. (a)(b) | 2,610 | 423,838 | ||||||
ArcBest Corp. (b) | 6,890 | 554,645 | ||||||
Atlas Air Worldwide Holdings, Inc. (a) | 7,090 | 612,363 | ||||||
Bristow Group, Inc. (a) | 8,623 | 319,741 | ||||||
Forward Air Corp. | 5,730 | 560,280 | ||||||
Hawaiian Holdings, Inc. (a) | 10,110 | 199,167 | ||||||
Heartland Express, Inc. | 8,100 | 113,967 | ||||||
Hub Group, Inc. - Class A (a) | 6,640 | 512,674 | ||||||
Marten Transport Ltd. | 18,180 | 322,877 | ||||||
SkyWest, Inc. (a) | 8,860 | 255,611 | ||||||
3,875,163 | ||||||||
TRANSPORTATION EQUIPMENT - 0.4% | ||||||||
Greenbrier Cos., Inc. (The) | 6,020 | 310,090 | ||||||
Meritor, Inc. (a) | 11,970 | 425,773 | ||||||
735,863 | ||||||||
WHOLESALE - CONSUMER STAPLES - 1.4% | ||||||||
Andersons, Inc. (The) | 27,150 | 1,364,559 | ||||||
Chefs' Warehouse, Inc. (The) (a) | 9,000 | 293,400 | ||||||
United Natural Foods, Inc. (a) | 14,890 | 615,701 | ||||||
2,273,660 | ||||||||
WHOLESALE - DISCRETIONARY - 1.4% | ||||||||
ePlus, Inc. (a) | 4,560 | 255,634 | ||||||
G-III Apparel Group Ltd. (a) | 9,060 | 245,073 | ||||||
KAR Auction Services, Inc. (a) | 22,240 | 401,432 | ||||||
PC Connection, Inc. | 2,970 | 155,598 | ||||||
ScanSource, Inc. (a) | 23,700 | 824,523 | ||||||
Veritiv Corp. (a)(b) | 3,640 | 486,268 | ||||||
2,368,528 | ||||||||
TOTAL COMMON STOCKS (COST $122,294,540) | $ | 161,731,864 |
Schedule of Portfolio Investments (Continued) | ||||||||||||||
Praxis Small Cap Index Fund | ||||||||||||||
RIGHTS - 0.0% (c) | Shares | Fair Value | ||||||||||||
MDEDICAL EQUIPMENT & DEVICES - 0.0% (c) | ||||||||||||||
Lantheus Holdings, Inc., CVR (a)(d)(e) (Cost $0) | 28,980 | $ | 2,608 | |||||||||||
CORPORATE NOTES - 0.9% | Coupon | Maturity | Principal Amount | Fair Value | ||||||||||
COMMUNITY DEVELOPMENT - 0.9% | ||||||||||||||
Calvert Social Investment Foundation, Inc. (d) | 2.000 | % | 06/15/22 | $ | 70,000 | $ | 70,000 | |||||||
Calvert Social Investment Foundation, Inc. (d) | 0.400 | % | 12/15/22 | 110,000 | 110,000 | |||||||||
Calvert Social Investment Foundation, Inc. (d) | 3.000 | % | 06/15/23 | 330,000 | 330,000 | |||||||||
Calvert Social Investment Foundation, Inc. (d) | 3.000 | % | 12/15/23 | 330,000 | 330,000 | |||||||||
Calvert Social Investment Foundation, Inc. (d) | 1.000 | % | 06/14/24 | 100,000 | 94,744 | |||||||||
Calvert Social Investment Foundation, Inc. (d) | 3.000 | % | 06/17/24 | 60,000 | 60,000 | |||||||||
Calvert Social Investment Foundation, Inc. (d) | 3.000 | % | 12/15/24 | 90,000 | 90,000 | |||||||||
Calvert Social Investment Foundation, Inc. (d) | 2.500 | % | 06/13/25 | 150,000 | 144,014 | |||||||||
Calvert Social Investment Foundation, Inc. (d) | 2.500 | % | 12/15/25 | 280,000 | 280,000 | |||||||||
TOTAL CORPORATE NOTES (COST $1,520,000) | $ | 1,508,758 | ||||||||||||
MONEY MARKET FUNDS - 0.7% | Shares | Fair Value | ||||||||||||
First American Government Obligations Fund - Class X, 0.03% (f) (COST $1,149,927) | 1,149,927 | $ | 1,149,927 |
Schedule of Portfolio Investments (Continued) | ||||||||
Praxis Small Cap Index Fund | ||||||||
INVESTMENT PURCHASED WITH THE CASH PROCEEDS FROM SECURITIES LENDING - 15.1% | Shares | Fair Value | ||||||
Mount Vernon Liquid Assets Portfolio, LLC, 0.41% (f)(g) (COST $24,817,749) | 24,817,749 | $ | 24,817,749 | |||||
TOTAL INVESTMENTS - (COST $149,782,216) - 115.3% | $ | 189,210,906 | ||||||
LIABILITIES IN EXCESS OF OTHER ASSETS - (15.3%) | (25,093,466 | ) | ||||||
NET ASSETS - 100.0% | $ | 164,117,440 |
(a) | Non-income producing security. |
(b) | All or a portion of the security is on loan. The total fair value of the securities on loan as of March 31, 2022 was $23,894,608. |
(c) | Percentage rounds to less than 0.1%. |
(d) | Restricted and/or illiquid securities not registered under the Securities Act of 1933 are as follows: |
Acquisition | Current | Fair | % of Net | |||||||||||
Date | Cost | Value | Assets | |||||||||||
Calvert Social Investment Foundation, Inc. 2.000%, 06/15/22 | 06/17/19 | $ | 70,000 | $ | 70,000 | 0.0 | %(c) | |||||||
Calvert Social Investment Foundation, Inc. 0.400%, 12/15/22 | 12/15/21 | 110,000 | 110,000 | 0.1 | % | |||||||||
Calvert Social Investment Foundation, Inc. 3.000%, 06/15/23 | 06/18/18 | 330,000 | 330,000 | 0.2 | % | |||||||||
Calvert Social Investment Foundation, Inc. 3.000%, 12/15/23 | 12/17/18 | 330,000 | 330,000 | 0.2 | % | |||||||||
Calvert Social Investment Foundation, Inc. 1.000%, 06/14/24 | 06/15/21 | 100,000 | 94,744 | 0.1 | % | |||||||||
Calvert Social Investment Foundation, Inc. 3.000%, 06/17/24 | 06/17/19 | 60,000 | 60,000 | 0.0 | %(c) | |||||||||
Calvert Social Investment Foundation, Inc. 3.000%, 12/13/24 | 12/12/19 | 90,000 | 90,000 | 0.0 | %(c) | |||||||||
Calvert Social Investment Foundation, Inc. 2.500%, 06/13/25 | 06/12/20 | 150,000 | 144,014 | 0.1 | % | |||||||||
Calvert Social Investment Foundation, Inc. 2.500%, 12/15/25 | 12/15/20 | 280,000 | 280,000 | 0.2 | % | |||||||||
Lantheus Holdings, Inc., CVR | 06/22/20 | - | 2,608 | 0.0 | %(c) | |||||||||
$ | 1,520,000 | $ | 1,511,366 | 0.9 | % |
(e) | Security value has been determined in good faith pursuant to procedures adopted by the Board of Trustees. The total fair value of such securities was $2,608 as of March 31, 2022, representing 0.0% (c) of net assets. |
(f) | The rate shown is the 7-day effective yield as of March 31, 2022. |
(g) | The security was purchased with cash collateral received from securities on loan. |
plc - Public Liability Company
REIT - Real Estate Investment Trust
Schedule of Portfolio Investments | ||||||||
Praxis Genesis Conservative Portfolio | ||||||||
March 31, 2022 (Unaudited) | ||||||||
AFFILIATED MUTUAL FUNDS - 100.0% | Shares | Fair Value | ||||||
DEBT FUND - 68.6% | ||||||||
Praxis Impact Bond Fund - Class I | 1,849,635 | $ | 18,625,825 | |||||
EQUITY FUND - 31.4% | ||||||||
Praxis Growth Index Fund - Class I | 68,120 | 2,679,144 | ||||||
Praxis International Index Fund - Class I | 197,846 | 2,530,454 | ||||||
Praxis Small Cap Index Fund - Class I | 61,081 | 684,718 | ||||||
Praxis Value Index Fund - Class I | 155,531 | 2,616,026 | ||||||
8,510,342 | ||||||||
TOTAL AFFILIATED MUTUAL FUNDS (COST $23,564,639) | $ | 27,136,167 | ||||||
MONEY MARKET FUNDS - 0.0% (a) | Shares | Fair Value | ||||||
First American Government Obligations Fund - Class X, 0.03% (b) (COST $6,089) | 6,089 | $ | 6,089 | |||||
TOTAL INVESTMENTS - (COST $23,570,728) - 100.0% | $ | 27,142,256 | ||||||
LIABILITIES IN EXCESS OF OTHER ASSETS - (0.0%) (a) | (3,410 | ) | ||||||
NET ASSETS - 100.0% | $ | 27,138,846 |
(a) | Percentage rounds to less than 0.1%. |
(b) | The rate shown is the 7-day effective yield as of March 31, 2022. |
Schedule of Portfolio Investments | ||||||||
Praxis Genesis Balanced Portfolio | ||||||||
March 31, 2022 (Unaudited) | ||||||||
AFFILIATED MUTUAL FUNDS - 100.0% | Shares | Fair Value | ||||||
DEBT FUND - 38.6% | ||||||||
Praxis Impact Bond Fund - Class I | 3,455,871 | $ | 34,800,617 | |||||
EQUITY FUND - 61.4% | ||||||||
Praxis Growth Index Fund - Class I | 385,514 | 15,162,252 | ||||||
Praxis International Index Fund - Class I | 1,291,075 | 16,512,855 | ||||||
Praxis Small Cap Index Fund - Class I | 799,144 | 8,958,406 | ||||||
Praxis Value Index Fund - Class I | 880,132 | 14,803,818 | ||||||
55,437,331 | ||||||||
TOTAL AFFILIATED MUTUAL FUNDS (COST $66,946,393) | $ | 90,237,948 | ||||||
MONEY MARKET FUNDS - 0.0% (a) | Shares | Fair Value | ||||||
First American Government Obligations Fund - Class X, 0.03% (b) (COST $1,246) | 1,246 | $ | 1,246 | |||||
TOTAL INVESTMENTS - (COST $66,947,639) - 100.0% | $ | 90,239,194 | ||||||
LIABILITIES IN EXCESS OF OTHER ASSETS - (0.0%) (a) | (35,167 | ) | ||||||
NET ASSETS - 100.0% | $ | 90,204,027 |
(a) | Percentage rounds to less than 0.1%. |
(b) | The rate shown is the 7-day effective yield as of March 31, 2022. |
Schedule of Portfolio Investments | ||||||||
Praxis Genesis Growth Portfolio | ||||||||
March 31, 2022 (Unaudited) | ||||||||
AFFILIATED MUTUAL FUNDS - 100.0% | Shares | Fair Value | ||||||
DEBT FUND - 19.1% | ||||||||
Praxis Impact Bond Fund - Class I | 1,814,384 | $ | 18,270,846 | |||||
EQUITY FUND - 80.9% | ||||||||
Praxis Growth Index Fund - Class I | 518,705 | 20,400,653 | ||||||
Praxis International Index Fund - Class I | 1,807,523 | 23,118,215 | ||||||
Praxis Small Cap Index Fund - Class I | 1,258,810 | 14,111,262 | ||||||
Praxis Value Index Fund - Class I | 1,184,228 | 19,918,720 | ||||||
77,548,850 | ||||||||
TOTAL MUTUAL FUNDS (COST $65,735,419) | $ | 95,819,696 | ||||||
AFFILIATED MONEY MARKET FUNDS - 0.0% (a) | Shares | Fair Value | ||||||
First American Government Obligations Fund - Class X, 0.03% (b) (COST $888) | 888 | $ | 888 | |||||
TOTAL INVESTMENTS - (COST $65,736,307) - 100.0% | $ | 95,820,584 | ||||||
LIABILITIES IN EXCESS OF OTHER ASSETS - (0.0%) (a) | (37,622 | ) | ||||||
NET ASSETS - 100.0% | $ | 95,782,962 |
(a) | Percentage rounds to less than 0.1%. |
(b) | The rate shown is the 7-day effective yield as of March 31, 2022. |