Praxis Growth Index Fund Class I (MMDEX) NPORT-P/A Praxis Small Cap Index Fund (Sep 2023 report)

Schedule of Portfolio Investments

Praxis Impact Bond Fund

September 30, 2023 (Unaudited)  

MUNICIPAL BONDS - 1.0%	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	$	1,042,424
Findlay City School District, Series 2010-B		6.250	%	12/01/37		270,000		270,286
Houston, Texas, Independent School District, Series 2009A-2		6.168	%	02/15/34		1,000,000		1,004,880
Massachusetts St., Series 2016-F		3.277	%	06/01/46		3,100,000		2,239,285
University of Texas, Rev., Series 2020 B		2.439	%	08/15/49		1,875,000		1,119,276
University of Virginia, Rev., Series 2009		6.200	%	09/01/39		2,000,000		2,115,453
TOTAL MUNICIPAL BONDS (COST $8,906,217)							$	7,791,604

CORPORATE BONDS - 34.4%	Coupon			Maturity	Principal Amount		Fair Value
APPAREL & TEXTILE PRODUCTS - 0.1%
VF Corp.		2.400	%	04/23/25	$	536,000	$	505,105
ASSET MANAGEMENT - 0.1%
Ameriprise Financial, Inc.		3.000	%	04/02/25		730,000		700,193
AUTOMOTIVE - 0.3%
BorgWarner, Inc. (a)		2.650	%	07/01/27		601,000		536,584
Honda Motor Co. Ltd. (a)		2.967	%	03/10/32		760,000		639,752
Hyundai Capital Services, Inc. (b)		1.250	%	02/08/26		200,000		179,411
Magna International, Inc.		2.450	%	06/15/30		1,250,000		1,024,736
								2,380,483
BANKING - 3.9%
Bank of America Corp., Series N		0.981	%	09/25/25		1,500,000		1,420,710
Bank of America Corp., Series N		2.456	%	10/22/25		1,000,000		960,343
Bank of America Corp., Series N		1.530	%	12/06/25		2,000,000		1,888,473
Bank of America Corp., Series N		4.271	%	07/23/29		1,000,000		921,644
Bank of America Corp., Series N		2.572	%	10/20/32		1,500,000		1,152,589
Bank of Montreal		3.300	%	02/05/24		1,000,000		990,546
Bank of Montreal (a)		5.203	%	02/01/28		1,750,000		1,708,146

Schedule of Portfolio Investments (Continued)

Praxis Impact Bond Fund

CORPORATE BONDS - 34.4% (Continued)	Coupon			Maturity	Principal Amount		Fair Value
BANKING - 3.9% (Continued)
Bank of New York Mellon Corp. (The), Series J		4.967	%	04/26/34	$	2,000,000	$	1,844,178
Citigroup, Inc.		3.700	%	01/12/26		1,750,000		1,664,968
Citigroup, Inc.		2.014	%	01/25/26		1,000,000		944,302
Citigroup, Inc.		2.572	%	06/03/30		2,000,000		1,594,815
ING Groep N.V. (b)		4.625	%	01/06/26		1,250,000		1,210,965
JPMorgan Chase & Co.		0.563	%	02/16/25		500,000		488,820
JPMorgan Chase & Co. (a)		3.200	%	06/15/26		2,557,000		2,404,046
JPMorgan Chase & Co.		2.739	%	10/15/30		2,000,000		1,672,534
KeyBank National Association		4.150	%	08/08/25		1,000,000		941,710
M&T Bank Corp.		4.553	%	08/16/28		1,500,000		1,381,608
PNC Financial Services Group, Inc. (The) (a)		4.758	%	01/26/27		1,500,000		1,458,131
PNC Financial Services Group, Inc. (The) (a)		5.582	%	06/12/29		1,000,000		970,114
Regions Financial Corp.		2.250	%	05/18/25		1,000,000		932,849
State Street Corp.		7.350	%	06/15/26		1,000,000		1,042,859
State Street Corp.		4.164	%	08/04/33		1,000,000		873,017
Sumitomo Mitsui Financial Group, Inc.		0.508	%	01/12/24		2,000,000		1,970,299
Truist Financial Corp. (SOFR + 60.90) (c)		1.267	%	03/02/27		1,000,000		886,041
UBS AG London		5.650	%	09/11/28		550,000		541,982
								31,865,689
BEVERAGES - 0.1%
Coca-Cola Co. (The)		3.450	%	03/25/30		500,000		452,571
Coca-Cola Femsa S.A.B. de C.V. (a)		1.850	%	09/01/32		1,000,000		743,970
								1,196,541
BIOTECH & PHARMA - 0.5%
AbbVie, Inc.		2.950	%	11/21/26		500,000		464,006
Amgen, Inc. (a)		3.000	%	02/22/29		2,500,000		2,221,555
Gilead Sciences, Inc.		3.650	%	03/01/26		750,000		717,967
Zeneca Wilmington, Inc.		7.000	%	11/15/23		375,000		375,258
								3,778,786
CABLE & SATELLITE - 0.4%
Comcast Corp.		3.300	%	04/01/27		500,000		465,493
Comcast Corp. (a)		4.650	%	02/15/33		1,000,000		936,216
Comcast Corp.		2.937	%	11/01/56		672,000		381,915
Time Warner Cable, Inc. (a)		4.500	%	09/15/42		500,000		346,409
WarnerMedia Holdings, Inc.		4.054	%	03/15/29		1,500,000		1,336,442
								3,466,475

Schedule of Portfolio Investments (Continued)

Praxis Impact Bond Fund

CORPORATE BONDS - 34.4% (Continued)	Coupon			Maturity	Principal Amount		Fair Value
CHEMICALS - 0.7%
Avery Dennison Corp.		2.650	%	04/30/30	$	1,250,000	$	1,019,442
DowDuPont, Inc.		4.493	%	11/15/25		1,500,000		1,464,334
Ecolab, Inc.		4.800	%	03/24/30		140,000		136,147
Ecolab, Inc.		2.750	%	08/18/55		1,470,000		829,703
LG Chemical Ltd. (b)		3.250	%	10/15/24		290,000		281,950
Nutrien Ltd.		5.875	%	12/01/36		840,000		796,778
Solvay Finance S.A. (b)		4.450	%	12/03/25		1,250,000		1,204,036
								5,732,390
CONSTRUCTION MATERIALS - 0.3%
Carlisle Cos., Inc.		3.500	%	12/01/24		1,250,000		1,213,274
Owens Corning		4.200	%	12/01/24		1,000,000		978,442
Owens Corning		3.950	%	08/15/29		300,000		272,542
								2,464,258
CONSUMER SERVICES - 4.5%
Andrew W. Mellon Funding		0.947	%	08/01/27		1,050,000		898,772
California Endowment (The)		2.498	%	04/01/51		4,500,000		2,609,348
Conservation Fund, Series 2019		3.474	%	12/15/29		535,000		453,278
Ford Foundation (The), Series 2017		3.859	%	06/01/47		4,620,000		3,509,293
Ford Foundation (The), Series 2020 (a)		2.415	%	06/01/50		235,000		136,663
John D. & Catherine T. MacArthur Foundation, Series 2020		1.299	%	12/01/30		1,500,000		1,105,268
Leland Stanford Junior University (The)		3.460	%	05/01/47		2,415,000		1,747,097
Local Initiatives Support Corp.		4.649	%	03/01/37		1,500,000		1,255,117
Massachusetts Institute of Technology		3.959	%	07/01/38		1,700,000		1,467,793
Massachusetts Institute of Technology		2.989	%	07/01/50		1,000,000		664,870
Massachusetts Institute of Technology, Series H		3.067	%	04/01/52		4,200,000		2,808,289
President & Fellows of Harvard College, Series 2016-B		3.150	%	07/15/46		3,961,000		2,766,703
President & Fellows of Harvard College, Series 2020-B		2.517	%	10/15/50		1,600,000		954,941
President & Fellows of Harvard College, Series 2022-A		3.745	%	11/15/52		700,000		536,023
Rockefeller Foundation (The)		2.492	%	10/01/50		4,190,000		2,417,239
Stanford University California, Series 2020-A		2.413	%	06/01/50		4,400,000		2,571,002
Trustees of Princeton University (The) (a)		2.516	%	07/01/50		6,650,000		4,046,869

Schedule of Portfolio Investments (Continued)

Praxis Impact Bond Fund

CORPORATE BONDS - 34.4% (Continued)	Coupon			Maturity	Principal Amount		Fair Value
CONSUMER SERVICES - 4.5% (Continued)
University of Notre Dame, Series 2017		3.394	%	02/15/48	$	3,424,000	$	2,523,590
Yale University (a)		2.402	%	04/15/50		6,765,000		3,940,275
								36,412,430
CONTAINERS & PACKAGING - 0.3%
CCL Industries, Inc. (b)		3.050	%	06/01/30		1,750,000		1,446,828
Sonoco Products Co.		5.750	%	11/01/40		1,000,000		920,092
								2,366,920
DIVERSIFIED INDUSTRIALS - 0.1%
Illinois Tool Works, Inc.		3.900	%	09/01/42		1,000,000		810,476
ELECTRIC UTILITIES - 5.6%
Ameren Illinois Co.		5.900	%	12/01/52		2,250,000		2,246,708
Avangrid, Inc.		3.150	%	12/01/24		1,800,000		1,735,290
Avista Corp.		4.000	%	04/01/52		1,000,000		710,778
Caledonia Generating, LLC (b)		1.950	%	02/28/34		1,674,378		1,371,103
CenterPoint Energy, Inc., Series AL		5.300	%	04/01/53		1,000,000		934,816
Consolidated Edison Co.		3.350	%	04/01/30		1,000,000		877,892
DTE Electric Co.		4.050	%	05/15/48		1,750,000		1,327,029
DTE Electric Co.		3.650	%	03/01/52		750,000		524,474
DTE Energy Co., Series C (a)		4.875	%	06/01/28		1,500,000		1,449,659
Duke Energy Carolinas, LLC		3.550	%	03/15/52		2,200,000		1,499,340
Duke Energy Progress, LLC		3.450	%	03/15/29		1,750,000		1,586,777
Duke Energy Progress, LLC		4.000	%	04/01/52		1,500,000		1,091,205
Electricite de France S.A. (b)		3.625	%	10/13/25		1,250,000		1,200,996
Enel Finance International N.V. (b)		2.650	%	09/10/24		1,250,000		1,209,299
Florida Power & Light Co.		3.700	%	12/01/47		1,550,000		1,129,096
Florida Power & Light Co.		2.875	%	12/04/51		2,000,000		1,210,812
Georgia Power Co.		3.250	%	04/01/26		1,000,000		942,593
Interstate Power & Light Co.		3.600	%	04/01/29		1,250,000		1,128,003
Liberty Utilities Financial Services (b)		2.050	%	09/15/30		1,355,000		1,044,665
MidAmerican Energy Co.		3.950	%	08/01/47		1,750,000		1,322,985
Midland Cogeneration Venture, L.P. (b)		6.000	%	03/15/25		118,675		119,381
Narragansett Electric Co. (b)		3.395	%	04/09/30		1,500,000		1,300,127
National Rural Utilities		1.350	%	03/15/31		2,000,000		1,464,733
NextEra Energy Capital Holdings, Inc.		6.051	%	03/01/25		500,000		500,757
Niagara Mohawk Power Corp. (b)		1.960	%	06/27/30		1,500,000		1,168,062

Schedule of Portfolio Investments (Continued)

Praxis Impact Bond Fund

CORPORATE BONDS - 34.4% (Continued)	Coupon			Maturity	Principal Amount		Fair Value
ELECTRIC UTILITIES - 5.6% (Continued)
Northern States Power Co.		2.900	%	03/01/50	$	1,500,000	$	918,098
NSTAR Electric Co.		3.950	%	04/01/30		600,000		547,822
NSTAR Electric Co.		5.500	%	03/15/40		1,250,000		1,168,520
NY State Electric & Gas (b)		5.650	%	08/15/28		1,650,000		1,635,795
Potomac Electric Power Co.		6.500	%	11/15/37		1,000,000		1,045,004
Public Service Co.		3.700	%	06/15/28		2,250,000		2,072,987
Public Service Electric and Gas Co. (a)		4.650	%	03/15/33		2,500,000		2,349,930
Puget Energy, Inc.		4.223	%	06/15/48		1,000,000		757,840
Rochester Gas & Electric Corp. (b)		1.850	%	12/01/30		500,000		372,963
San Diego Gas and Electric Co.		4.500	%	08/15/40		841,000		704,974
Solar Star Funding, LLC (b)		3.950	%	06/30/35		247,645		211,228
Solar Star Funding, LLC (b)		5.375	%	06/30/35		388,786		367,876
Southern California Edison		4.050	%	03/15/42		1,165,000		871,888
Tenaska Virginia Partners, L.P. (b)		6.119	%	03/30/24		125,997		124,436
Topaz Solar Farms, LLC (b)		4.875	%	09/30/39		225,923		203,078
Topaz Solar Farms, LLC (b)		5.750	%	09/30/39		537,504		496,740
Union Electric Co.		2.625	%	03/15/51		2,000,000		1,134,990
Westar Energy, Inc.		2.550	%	07/01/26		1,292,000		1,196,760
								45,277,509
ELECTRICAL EQUIPMENT - 0.3%
Johnson Controls International plc		1.750	%	09/15/30		1,800,000		1,400,470
Legrand S.A.		8.500	%	02/15/25		1,000,000		1,037,775
Roper Technologies, Inc.		2.000	%	06/30/30		440,000		347,936
								2,786,181
FOOD - 1.2%
Campbell Soup Co.		3.950	%	03/15/25		1,500,000		1,457,334
Cargill, Inc. (b)		4.760	%	11/23/45		1,500,000		1,272,349
General Mills, Inc. (a)		4.000	%	04/17/25		1,500,000		1,458,815
Hormel Foods Corp.		1.800	%	06/11/30		2,250,000		1,810,584
Ingredion, Inc.		2.900	%	06/01/30		1,000,000		841,324
Kellanova		2.650	%	12/01/23		1,000,000		994,811
Mars, Inc. (b)		4.650	%	04/20/31		1,000,000		951,329
Mars, Inc. (b)		3.600	%	04/01/34		1,500,000		1,265,623
								10,052,169

Schedule of Portfolio Investments (Continued)

Praxis Impact Bond Fund

CORPORATE BONDS - 34.4% (Continued)	Coupon			Maturity	Principal Amount		Fair Value
FORESTRY, PAPER & WOOD PRODUCTS - 0.1%
Suzano S.A.		5.500	%	01/17/27	$	800,000	$	783,760
GAS & WATER UTILITIES - 0.3%
American Water Capital Corp.		2.800	%	05/01/30		1,500,000		1,268,685
Brooklyn Union Gas Co. (b)		4.504	%	03/10/46		1,250,000		889,690
Indiana Gas Co., Inc.		6.550	%	06/30/28		250,000		248,473
								2,406,848
HEALTH CARE FACILITIES & SERVICES - 0.2%
Kaiser Foundation Hospital		3.150	%	05/01/27		1,500,000		1,403,506
HOME & OFFICE PRODUCTS - 0.1%
Steelcase, Inc.		5.125	%	01/18/29		1,000,000		887,455
HOME CONSTRUCTION - 0.1%
NVR, Inc.		3.000	%	05/15/30		1,000,000		833,133
INSTITUTIONAL FINANCIAL SERVICES - 1.2%
Brookfield Finance, Inc.		4.250	%	06/02/26		1,570,000		1,505,513
Goldman Sachs Group, Inc.		3.272	%	09/29/25		1,500,000		1,453,491
Goldman Sachs Group, Inc.		4.223	%	05/01/29		1,000,000		925,029
Goldman Sachs Group, Inc.		3.800	%	03/15/30		1,500,000		1,323,612
Morgan Stanley		3.125	%	07/27/26		2,000,000		1,857,590
Morgan Stanley (a)		5.449	%	07/20/29		1,000,000		974,469
Morgan Stanley, Series GMTN		2.699	%	01/22/31		1,250,000		1,022,014
National Securities Clearing Corp. (b)		1.500	%	04/23/25		1,000,000		938,394
								10,000,112
INSURANCE - 4.3%
Aflac, Inc.		4.000	%	10/15/46		1,408,000		1,014,301
Allstate Corp. (The) (a)		5.250	%	03/30/33		1,000,000		942,713
F&G Global Funding (b)		2.300	%	04/11/27		535,000		466,438
Fidelity National Financial, Inc.		3.400	%	06/15/30		1,000,000		849,771
First American Financial Corp.		2.400	%	08/15/31		1,500,000		1,112,655
Five Corners Funding Trust (b)		4.419	%	11/15/23		1,000,000		997,381
GA Global Funding Trust (b)		2.250	%	01/06/27		2,000,000		1,752,535
Horace Mann Educators Corp. (a)		4.500	%	12/01/25		1,235,000		1,174,002
Horace Mann Educators Corp.		7.250	%	09/15/28		965,000		964,186

Schedule of Portfolio Investments (Continued)

Praxis Impact Bond Fund

CORPORATE BONDS - 34.4% (Continued)	Coupon			Maturity	Principal Amount		Fair Value
INSURANCE - 4.3% (Continued)
Jackson National Life Global Funding (b)		1.750	%	01/12/25	$	385,000	$	361,487
Jackson National Life Global Funding (b)		5.500	%	01/09/26		1,250,000		1,221,489
Kemper Corp. (a)		4.350	%	02/15/25		1,250,000		1,209,595
Marsh & McLennan Cos., Inc.		3.750	%	03/14/26		1,000,000		958,404
Massachusetts Mutual Life Insurance Co. (b)		3.375	%	04/15/50		2,500,000		1,609,681
Met Life Global Funding I (b)		5.150	%	03/28/33		1,250,000		1,183,688
Mutual of Omaha Global (b)		5.800	%	07/27/26		385,000		381,216
New York Life Global Funding (b)		4.900	%	06/13/28		3,000,000		2,916,708
Northwestern Mutual, Series 2023-3 (b)		4.900	%	06/12/28		1,740,000		1,694,465
Pacific Life Global Funding II, Series 2020-1 (b)		1.200	%	06/24/25		415,000		384,266
Pacific Life Global Funding II, Series 2021-1 (a)(b)		1.450	%	01/20/28		1,000,000		828,795
Pricoa Global Funding I (b)		5.100	%	05/30/28		2,000,000		1,964,721
Primerica, Inc.		2.800	%	11/19/31		1,000,000		791,804
Principal Financial Group, Inc.		3.700	%	05/15/29		1,250,000		1,125,260
Protective Life Global Funding (b)		5.366	%	01/06/26		500,000		495,425
Protective Life Global Funding (b)		5.209	%	04/14/26		1,000,000		979,627
Prudential Financial, Inc.		1.500	%	03/10/26		644,000		584,010
Prudential Funding Asia plc		3.125	%	04/14/30		750,000		641,076
Reliance STD Life Insurance Co. (b)		2.750	%	05/07/25		1,280,000		1,203,470
Sammons Financial Group, Inc. (b)		4.450	%	05/12/27		1,200,000		1,099,274
Security Benefit Global, Series MTN (b)		1.250	%	05/17/24		1,500,000		1,447,630
Teachers Insurance & Annuity Association (b)(c)		4.375	%	09/15/54		2,678,000		2,609,046
Trustage Financial Group, Inc. (b)		4.625	%	04/15/32		400,000		330,089
								35,295,208
LEISURE FACILITIES & SERVICES - 0.3%
Marriott International, Inc.		3.600	%	04/15/24		727,000		718,027
McDonald's Corp., Series MTN		3.500	%	07/01/27		1,000,000		936,559
Starbucks Corp.		2.450	%	06/15/26		1,000,000		925,726
								2,580,312
MACHINERY - 0.4%
Ingersoll-Rand Global Holding Co. Ltd.		6.391	%	11/15/27		655,000		659,903
John Deere Capital Corp.		1.750	%	03/09/27		250,000		222,394
John Deere Capital Corp.		3.050	%	01/06/28		1,250,000		1,156,851

Schedule of Portfolio Investments (Continued)

Praxis Impact Bond Fund

CORPORATE BONDS - 34.4% (Continued)	Coupon			Maturity	Principal Amount		Fair Value
MACHINERY - 0.4% (Continued)
Xylem, Inc.		1.950	%	01/30/28	$	1,775,000	$	1,528,965
								3,568,113
MEDICAL EQUIPMENT & DEVICES - 0.1%
Alcon Finance Corp. (b)		2.600	%	05/27/30		1,250,000		1,030,105
PERSONAL PRODUCTS - 0.1%
Estée Lauder Cos., Inc. (The)		2.600	%	04/15/30		1,000,000		839,020
PIPELINES - 0.1%
Northern Natural Gas Co. (b)		4.100	%	09/15/42		1,200,000		876,462
REITS - 3.5%
Agree Ltd. Partnership		2.900	%	10/01/30		650,000		523,169
Agree Ltd. Partnership		4.800	%	10/01/32		715,000		634,728
Alexandria Real Estate Equities, Inc.		2.950	%	03/15/34		1,000,000		759,353
Alexandria Real Estate Equities, Inc.		4.750	%	04/15/35		1,250,000		1,099,008
Boston Properties, L.P.		4.500	%	12/01/28		1,250,000		1,131,824
Camden Property Trust		2.800	%	05/15/30		1,500,000		1,270,502
Digital Realty Trust, L.P.		5.550	%	01/15/28		2,250,000		2,200,409
ERP Operating, L.P. (a)		4.150	%	12/01/28		1,250,000		1,172,545
ESSEX Portfolio, L.P.		2.650	%	03/15/32		1,500,000		1,154,436
Federal Realty Investment Trust (a)		1.250	%	02/15/26		515,000		462,635
Federal Realty Investment Trust		5.375	%	05/01/28		1,500,000		1,457,402
Kilroy Realty Corp.		2.500	%	11/15/32		1,750,000		1,195,104
Kimco Realty Corp.		2.700	%	10/01/30		1,750,000		1,406,311
Lexington Realty Trust		2.700	%	09/15/30		1,500,000		1,161,547
Mid-America Apartment Communities, Inc.		3.950	%	03/15/29		1,750,000		1,615,128
Ontario Teachers Cadillac Fairview Properties Trust (b)		2.500	%	10/15/31		1,255,000		947,310
Prologis, L.P. (a)		2.875	%	10/06/29		1,500,000		1,286,524
Prologis, L.P.		4.625	%	01/15/33		1,500,000		1,388,381
Realty Income Corp.		4.700	%	12/15/28		1,000,000		953,534
Regency Centers, L.P.		3.750	%	06/15/24		1,000,000		976,117
Rexford Industrial Realty, L.P. (a)		5.000	%	06/15/28		500,000		477,963
Rexford Industrial Realty, L.P.		2.150	%	09/01/31		1,750,000		1,304,895

Schedule of Portfolio Investments (Continued)

Praxis Impact Bond Fund

CORPORATE BONDS - 34.4% (Continued)	Coupon			Maturity	Principal Amount		Fair Value
REITS - 3.5% (Continued)
Sun Communities Operating, L.P.		2.700	%	07/15/31	$	500,000	$	384,813
Sun Communities Operating, L.P.		5.700	%	01/15/33		750,000		708,686
UDR, Inc.		1.900	%	03/15/33		1,500,000		1,052,797
Vornado Realty, L.P. (a)		3.500	%	01/15/25		567,000		538,180
WP Carey, Inc.		2.450	%	02/01/32		1,500,000		1,130,623
								28,393,924
RETAIL - CONSUMER STAPLES - 0.2%
Kroger Co. (The)		5.000	%	04/15/42		1,000,000		844,121
Walmart, Inc.		1.800	%	09/22/31		500,000		393,509
								1,237,630
RETAIL - DISCRETIONARY - 0.5%
ERAC USA Finance, LLC (b)		2.700	%	11/01/23		1,250,000		1,246,632
Home Depot, Inc.		3.625	%	04/15/52		1,000,000		715,725
Lowe's Cos., Inc.		4.650	%	04/15/42		1,000,000		828,642
Lowe's Cos., Inc.		3.000	%	10/15/50		500,000		295,278
Lowe's Cos., Inc. (a)		5.625	%	04/15/53		1,000,000		908,916
								3,995,193
SEMICONDUCTORS - 0.3%
Intel Corp. (a)		4.150	%	08/05/32		1,000,000		909,986
Intel Corp.		3.734	%	12/08/47		1,361,000		969,354
NVIDIA Corp. (a)		2.850	%	04/01/30		500,000		436,220
								2,315,560
SOFTWARE - 0.4%
Microsoft Corp.		2.525	%	06/01/50		4,500,000		2,740,024
Microsoft Corp. (a)		2.921	%	03/17/52		1,000,000		655,909
								3,395,933
SPECIALTY FINANCE - 0.7%
American Express Credit Corp.		3.000	%	10/30/24		1,000,000		969,507
BlueHub Loan Fund, Inc.		3.099	%	01/01/30		1,030,000		837,268
Community Preservation Corp. (The)		2.867	%	02/01/30		1,750,000		1,455,076
GATX Corp.		4.350	%	02/15/24		300,000		297,779
Low Income Investment Fund		3.386	%	07/01/26		115,000		105,967
USAA Capital Corp. (b)		2.125	%	05/01/30		3,000,000		2,410,400
								6,075,997

Schedule of Portfolio Investments (Continued)

Praxis Impact Bond Fund

CORPORATE BONDS - 34.4% (Continued)	Coupon			Maturity	Principal Amount		Fair Value
STEEL - 0.1%
Nucor Corp.		2.000	%	06/01/25	$	460,000	$	431,902
TECHNOLOGY HARDWARE - 0.6%
Apple, Inc.		3.000	%	06/20/27		1,000,000		931,546
Apple, Inc.		2.650	%	05/11/50		1,000,000		612,437
Apple, Inc.		2.650	%	02/08/51		2,000,000		1,213,075
HP, Inc.		4.750	%	01/15/28		1,100,000		1,055,100
HP, Inc. (a)		4.000	%	04/15/29		915,000		836,095
								4,648,253
TECHNOLOGY SERVICES - 0.2%
Experian Finance plc (b)		2.750	%	03/08/30		635,000		524,740
Moody's Corp.		3.250	%	05/20/50		500,000		320,451
Moody's Corp.		3.750	%	02/25/52		1,000,000		707,544
								1,552,735
TELECOMMUNICATIONS - 0.6%
AT&T, Inc.		5.250	%	03/01/37		500,000		454,053
AT&T, Inc.		4.750	%	05/15/46		2,000,000		1,579,888
Verizon Communications, Inc. (a)		3.875	%	02/08/29		1,000,000		915,747
Verizon Communications, Inc.		1.500	%	09/18/30		1,000,000		758,595
Verizon Communications, Inc.		2.987	%	10/30/56		1,799,000		998,614
								4,706,897
TRANSPORTATION & LOGISTICS - 1.2%
British Airways, Series 2013-1 (b)		4.625	%	12/20/25		191,450		189,095
Burlington Northern Santa Fe, LLC		5.750	%	05/01/40		2,078,000		2,062,882
Canadian Pacific Railway Co. (a)		2.050	%	03/05/30		1,750,000		1,413,443
Mexico City Airport Trust (b)		4.250	%	10/31/26		497,000		467,141
Norfolk Southern Corp.		4.837	%	10/01/41		1,000,000		866,312
Norfolk Southern Corp.		3.050	%	05/15/50		1,500,000		930,491
Penske Truck Leasing Co. (b)		3.450	%	07/01/24		1,250,000		1,226,041
Penske Truck Leasing Co. (b)		5.750	%	05/24/26		500,000		492,642
TTX Co. (b)		4.600	%	02/01/49		280,000		231,009
TTX Co. (a)(b)		5.650	%	12/01/52		500,000		475,757
Union Pacific Corp.		4.950	%	09/09/52		2,000,000		1,791,244
								10,146,057

Schedule of Portfolio Investments (Continued)

Praxis Impact Bond Fund

CORPORATE BONDS - 34.4% (Continued)	Coupon			Maturity	Principal Amount		Fair Value
TRANSPORTATION EQUIPMENT - 0.2%
Ryder System, Inc. (a)		5.650	%	03/01/28	$	1,250,000	$	1,237,237
WHOLESALE - CONSUMER STAPLES - 0.2%
Bunge Ltd. Finance Corp.		1.630	%	08/17/25		395,000		365,143
Sysco Corp.		2.400	%	02/15/30		1,750,000		1,441,257
								1,806,400
TOTAL CORPORATE BONDS (COST $328,820,705)							$	280,243,357

CORPORATE NOTES - 0.9%	Coupon			Maturity	Principal Amount		Fair Value
COMMUNITY DEVELOPMENT - 0.9%
Calvert Impact Capital, Inc. (d)		3.000	%	12/15/23	$	950,000	$	941,731
Calvert Impact Capital, Inc. (d)		1.000	%	06/14/24		550,000		529,192
Calvert Impact Capital, Inc. (d)		3.000	%	06/17/24		980,000		955,671
Calvert Impact Capital, Inc. (d)		3.000	%	12/15/24		400,000		384,449
Calvert Impact Capital, Inc. (d)		2.500	%	06/13/25		1,400,000		1,312,467
Calvert Impact Capital, Inc. (d)		2.500	%	12/15/25		650,000		598,081
Calvert Impact Capital, Inc. (d)		4.000	%	06/15/28		1,200,000		1,085,904
Capital Impact Partners Investment (d)		4.800	%	12/15/23		250,000		249,440
Capital Impact Partners Investment (d)		5.750	%	06/15/24		1,200,000		1,199,039
TOTAL CORPORATE NOTES (COST $7,580,000)							$	7,255,974

FOREIGN GOVERNMENTS - 4.3%	Coupon			Maturity	Principal Amount		Fair Value
FOREIGN AGENCY - 0.6%
BNG Bank N.V. (b)		1.500	%	10/16/24	$	1,500,000	$	1,436,595
BNG Bank N.V. (b)		0.500	%	11/24/25		2,000,000		1,811,780
Kommunalbanken A.S. (b)		2.125	%	02/11/25		1,000,000		955,294
Kommunivest I Sverige AB, Series MTN (b)		0.375	%	06/19/24		500,000		481,292
								4,684,961
SUPRANATIONAL - 3.7%
Asian Development Bank		2.125	%	03/19/25		1,000,000		954,108
Asian Development Bank		3.125	%	09/26/28		1,000,000		927,226

Schedule of Portfolio Investments (Continued)

Praxis Impact Bond Fund

FOREIGN GOVERNMENTS - 4.3% (Continued)	Coupon			Maturity	Principal Amount		Fair Value
SUPRANATIONAL - 3.7% (Continued)
Central American Bank for Economic  Integration (b)		1.140	%	02/09/26	$	1,200,000	$	1,076,335
European Bank for Reconstruction & Development		1.626	%	09/27/24		1,250,000		1,201,656
European Bank for Reconstruction & Development		1.500	%	02/13/25		200,000		189,678
European Investment Bank		2.500	%	10/15/24		1,000,000		969,443
European Investment Bank (a)		2.125	%	04/13/26		1,000,000		932,769
European Investment Bank		2.375	%	05/24/27		4,000,000		3,681,312
Inter-American Development Bank		0.875	%	04/03/25		3,000,000		2,806,737
Inter-American Development Bank		4.375	%	01/24/44		3,000,000		2,676,514
International Bank for Reconstruction & Development		0.250	%	11/24/23		500,000		496,091
International Bank for Reconstruction & Development		0.625	%	04/22/25		1,000,000		929,335
International Bank for Reconstruction & Development		3.126	%	11/20/25		1,000,000		959,511
International Bank for Reconstruction & Development		0.875	%	07/15/26		3,000,000		2,685,028
International Bank for Reconstruction & Development		3.125	%	06/15/27		4,000,000		3,772,863
International Development Association (b)		0.375	%	09/23/25		2,000,000		1,821,164
International Development Association (a)(b)		0.875	%	04/28/26		2,000,000		1,796,580
International Finance Corp., Series GMTN		2.125	%	04/07/26		3,000,000		2,797,146
								30,673,496
TOTAL FOREIGN GOVERNMENTS (COST $38,437,815)							$	35,358,457

Schedule of Portfolio Investments (Continued)

Praxis Impact Bond Fund

COMMERCIAL MORTGAGE-BACKED SECURITIES - 0.0% (e)	Coupon			Maturity	Principal Amount		Fair Value
Commercial Mortgage Pass-Through Certificates, Class A-3 (Cost $33,593)		2.853	%	10/17/45	$	32,965	$	29,998

U.S. GOVERNMENT AGENCIES - 53.6%	Coupon			Maturity	Principal Amount		Fair Value
DEVELOPMENT FINANCE CORPORATION - 1.0%
DFC (c)		5.540	%	09/15/26	$	500,000	$	500,000
DFC		1.590	%	04/15/28		2,000,000		1,736,088
DFC		1.650	%	04/15/28		3,500,000		3,105,361
DFC		3.130	%	04/15/28		1,000,000		919,990
DFC		3.540	%	06/15/30		397,072		371,518
DFC		3.520	%	09/20/32		642,857		593,952
DFC		3.820	%	06/01/33		753,329		709,656
								7,936,565
FEDERAL HOME LOAN BANK - 6.4%
FHLB		1.250	%	12/21/26		4,000,000		3,571,827
FHLB		4.250	%	12/10/27		11,000,000		10,807,873
FHLB		4.500	%	03/10/28		3,000,000		2,983,854
FHLB		4.000	%	06/30/28		3,200,000		3,106,569
FHLB		3.250	%	11/16/28		13,000,000		12,157,049
FHLB		5.500	%	07/15/36		18,620,000		19,880,484
								52,507,656
FEDERAL HOME LOAN MORTGAGE CORPORATION - 18.2%
FHLMC		4.000	%	11/01/24		14,880		14,714
FHLMC		0.375	%	09/23/25		3,500,000		3,191,162
FHLMC		4.000	%	10/01/25		12,708		12,525
FHLMC		2.875	%	04/25/26		3,000,000		2,834,404
FHLMC		6.000	%	04/01/27		28,385		28,066
FHLMC		2.500	%	10/01/27		171,249		163,052
FHLMC		2.738	%	04/25/29		2,205,474		2,057,831
FHLMC		2.939	%	04/25/29		4,000,000		3,578,286
FHLMC		2.412	%	08/25/29		5,780,000		4,983,187
FHLMC		7.000	%	02/01/30		11,516		11,419
FHLMC		1.297	%	06/25/30		4,200,000		3,280,360

Schedule of Portfolio Investments (Continued)

Praxis Impact Bond Fund

U.S. GOVERNMENT AGENCIES - 53.6% (Continued)	Coupon			Maturity	Principal Amount		Fair Value
FEDERAL HOME LOAN MORTGAGE CORPORATION - 18.2% (Continued)
FHLMC		7.500	%	07/01/30	$	43,738	$	44,752
FHLMC		1.406	%	08/25/30		2,000,000		1,563,147
FHLMC		1.503	%	09/25/30		4,000,000		3,150,340
FHLMC		1.487	%	11/25/30		11,900,000		9,281,534
FHLMC		1.878	%	01/25/31		1,500,000		1,203,144
FHLMC		2.000	%	01/25/31		3,000,000		2,407,028
FHLMC		7.000	%	03/01/31		19,302		19,742
FHLMC		1.777	%	10/25/31		5,000,000		3,886,472
FHLMC		2.154	%	10/25/31		4,000,000		3,195,822
FHLMC		2.091	%	11/25/31		2,500,000		1,977,715
FHLMC		2.450	%	04/25/32		7,100,000		5,737,077
FHLMC		2.650	%	05/25/32		9,000,000		7,373,731
FHLMC		6.250	%	07/15/32		7,050,000		7,800,125
FHLMC		3.123	%	08/25/32		5,710,000		4,849,840
FHLMC		3.000	%	11/01/32		301,884		271,682
FHLMC		3.000	%	11/01/32		397,025		357,304
FHLMC		5.500	%	11/01/33		21,703		21,621
FHLMC (H15T1Y + 223.10) (c)		5.356	%	05/01/34		1,939		1,919
FHLMC (H15T1Y + 223.10) (c)		5.356	%	05/01/34		23,249		23,484
FHLMC		1.783	%	06/25/34		2,084,061		1,531,341
FHLMC		5.000	%	07/01/35		48,239		46,956
FHLMC		4.500	%	10/01/35		62,502		58,989
FHLMC		2.438	%	02/25/36		4,000,000		2,900,449
FHLMC		5.500	%	03/01/36		17,987		17,977
FHLMC		1.500	%	04/01/36		5,161,550		4,327,944
FHLMC		5.500	%	06/01/36		25,522		25,498
FHLMC		6.000	%	06/01/36		20,528		20,350
FHLMC		5.500	%	12/01/36		21,021		21,027
FHLMC		2.000	%	02/01/37		4,192,895		3,597,072
FHLMC		6.000	%	08/01/37		10,457		10,647
FHLMC		5.000	%	03/01/38		107,279		105,128
FHLMC		4.500	%	06/01/39		116,218		109,939
FHLMC		5.000	%	06/01/39		168,769		165,377
FHLMC		4.500	%	07/01/39		108,556		102,691
FHLMC		4.500	%	11/01/39		100,015		94,612

Schedule of Portfolio Investments (Continued)

Praxis Impact Bond Fund

U.S. GOVERNMENT AGENCIES - 53.6% (Continued)	Coupon			Maturity	Principal Amount		Fair Value
FEDERAL HOME LOAN MORTGAGE CORPORATION - 18.2% (Continued)
FHLMC		4.500	%	09/01/40	$	149,256	$	141,015
FHLMC		4.500	%	05/01/41		287,004		271,495
FHLMC		4.500	%	07/01/41		340,318		321,934
FHLMC		5.000	%	09/01/41		140,473		136,823
FHLMC		3.500	%	10/01/41		164,139		145,895
FHLMC		4.000	%	10/01/41		175,048		160,495
FHLMC		3.500	%	02/01/42		292,343		259,853
FHLMC		4.000	%	02/01/42		77,871		71,398
FHLMC		3.500	%	06/01/42		329,431		292,802
FHLMC		3.500	%	06/01/42		329,242		292,520
FHLMC		3.500	%	08/01/42		388,605		345,137
FHLMC		3.000	%	11/01/42		736,094		630,150
FHLMC		3.000	%	01/01/43		417,849		357,707
FHLMC		3.000	%	05/01/43		570,738		488,573
FHLMC		3.500	%	10/01/44		327,644		288,853
FHLMC		3.500	%	11/01/44		295,096		260,097
FHLMC		3.500	%	04/01/45		367,099		322,511
FHLMC		3.000	%	05/01/46		632,097		535,047
FHLMC		3.000	%	12/01/46		1,570,988		1,329,989
FHLMC		3.500	%	03/01/48		1,746,614		1,537,510
FHLMC		3.500	%	03/01/49		479,938		420,692
FHLMC		3.500	%	07/01/49		782,750		682,773
FHLMC		3.000	%	09/01/49		899,507		751,567
FHLMC		3.000	%	07/01/50		2,211,082		1,845,043
FHLMC		2.000	%	08/01/50		3,120,979		2,390,495
FHLMC		2.050	%	08/19/50		2,500,000		1,256,880
FHLMC		2.000	%	01/01/51		7,697,346		5,888,571
FHLMC		2.500	%	04/01/51		7,510,722		6,002,151
FHLMC		2.500	%	09/01/51		3,005,387		2,391,773
FHLMC		2.500	%	02/01/52		6,317,072		5,022,574
FHLMC		2.000	%	04/01/52		4,661,399		3,548,484
FHLMC		3.000	%	04/01/52		5,505,999		4,557,923
FHLMC		2.500	%	05/01/52		6,543,100		5,196,807
FHLMC		3.500	%	09/01/52		4,767,896		4,102,004

Schedule of Portfolio Investments (Continued)

Praxis Impact Bond Fund

U.S. GOVERNMENT AGENCIES - 53.6% (Continued)	Coupon			Maturity	Principal Amount		Fair Value
FEDERAL HOME LOAN MORTGAGE CORPORATION - 18.2% (Continued)
FHLMC		4.000	%	10/01/52	$	11,429,385	$	10,180,799
								148,885,822
FEDERAL NATIONAL MORTGAGE ASSOCIATION - 27.8%
FNMA		2.670	%	12/01/23		2,183,745		2,163,219
FNMA (c)		2.625	%	07/25/24		2,418,497		2,367,318
FNMA		2.890	%	12/01/24		4,000,000		3,855,000
FNMA		3.080	%	12/01/24		2,076,787		2,009,817
FNMA		2.710	%	01/01/25		4,500,000		4,318,380
FNMA		5.000	%	04/01/25		8,249		7,927
FNMA		5.000	%	07/01/25		8,412		8,080
FNMA		3.500	%	10/01/25		14,472		14,168
FNMA		5.000	%	10/01/25		12,470		11,975
FNMA		5.500	%	11/01/25		5		5
FNMA		0.500	%	11/07/25		13,934,000		12,671,287
FNMA		4.000	%	03/01/26		71,676		69,156
FNMA		2.910	%	04/01/26		3,000,000		2,800,572
FNMA		2.125	%	04/24/26		2,000,000		1,865,436
FNMA		8.500	%	09/01/26		1,375		1,370
FNMA		2.500	%	09/01/27		194,476		185,271
FNMA		0.750	%	10/08/27		10,000,000		8,551,264
FNMA		2.500	%	11/01/27		317,346		301,889
FNMA		2.500	%	01/01/28		206,650		196,369
FNMA (c)		3.412	%	06/25/28		1,813,352		1,683,938
FNMA		3.665	%	09/25/28		3,492,090		3,264,722
FNMA		2.530	%	05/01/29		3,949,068		3,430,728
FNMA		2.522	%	08/27/29		5,362,084		4,667,830
FNMA		1.470	%	11/01/29		2,599,000		2,086,000
FNMA		0.875	%	08/05/30		25,750,000		19,882,029
FNMA		6.625	%	11/15/30		12,750,000		14,113,540
FNMA (c)		1.517	%	11/25/30		3,000,000		2,325,573
FNMA (c)		1.429	%	12/25/30		5,000,000		3,871,683
FNMA		1.287	%	01/25/31		3,000,000		2,286,852
FNMA		1.410	%	02/01/31		3,000,000		2,302,359
FNMA		1.421	%	03/25/31		1,000,000		764,398
FNMA		2.000	%	01/01/32		1,032,189		916,254

Schedule of Portfolio Investments (Continued)

Praxis Impact Bond Fund

U.S. GOVERNMENT AGENCIES - 53.6% (Continued)	Coupon			Maturity	Principal Amount		Fair Value
FEDERAL NATIONAL MORTGAGE ASSOCIATION - 27.8% (Continued)
FNMA		3.000	%	12/01/32	$	445,283	$	400,162
FNMA		4.656	%	04/25/33		2,000,000		1,888,651
FNMA		6.000	%	10/01/33		17,245		17,513
FNMA		5.500	%	02/01/34		18,979		18,882
FNMA (H15T1Y + 211.70) (c)		4.824	%	05/01/34		21,079		21,079
FNMA		6.000	%	11/01/34		47,181		47,912
FNMA		5.500	%	01/01/35		27,149		27,099
FNMA		2.500	%	02/01/35		1,062,581		947,056
FNMA		5.000	%	10/01/35		41,879		41,021
FNMA		5.500	%	10/01/35		50,725		50,554
FNMA		6.000	%	10/01/35		25,714		26,091
FNMA		5.500	%	06/01/36		10,462		10,387
FNMA		6.000	%	06/01/36		12,396		12,603
FNMA		5.500	%	11/01/36		15,925		15,907
FNMA (RFUCCT1Y) + 156.50)		4.065	%	05/01/37		1,990		1,971
FNMA		5.625	%	07/15/37		14,250,000		15,201,393
FNMA		4.500	%	09/01/40		88,280		83,280
FNMA		4.500	%	10/01/40		89,084		84,159
FNMA		4.000	%	12/01/40		229,538		210,172
FNMA		4.000	%	01/01/41		164,770		150,868
FNMA		3.500	%	02/01/41		242,897		211,595
FNMA		4.000	%	10/01/41		125,999		115,374
FNMA		4.000	%	11/01/41		142,141		130,146
FNMA		4.000	%	12/01/41		237,028		217,020
FNMA		4.000	%	12/01/41		171,345		156,883
FNMA		4.000	%	01/01/42		546,447		503,073
FNMA		3.500	%	05/01/42		279,833		246,987
FNMA		3.000	%	06/01/42		526,279		449,890
FNMA		3.000	%	08/01/42		419,934		359,040
FNMA		3.000	%	08/01/42		395,232		337,865
FNMA		3.500	%	12/01/42		580,925		515,361
FNMA		3.000	%	06/01/43		480,026		410,338
FNMA		4.000	%	12/01/44		664,811		607,016
FNMA		3.500	%	05/01/45		759,982		668,208
FNMA		3.000	%	04/01/46		617,394		522,080

Schedule of Portfolio Investments (Continued)

Praxis Impact Bond Fund

U.S. GOVERNMENT AGENCIES - 53.6% (Continued)	Coupon			Maturity	Principal Amount		Fair Value
FEDERAL NATIONAL MORTGAGE ASSOCIATION - 27.8% (Continued)
FNMA		3.500	%	11/01/46	$	1,039,950	$	913,442
FNMA		4.000	%	10/01/48		478,088		432,836
FNMA		4.000	%	11/01/48		1,260,494		1,154,797
FNMA		3.500	%	05/01/49		392,342		342,283
FNMA		4.000	%	06/01/49		602,331		543,883
FNMA		3.500	%	08/01/49		1,605,463		1,403,313
FNMA		3.000	%	09/01/49		859,947		718,690
FNMA		3.000	%	06/01/50		1,771,527		1,477,342
FNMA		2.500	%	07/01/50		2,888,551		2,313,769
FNMA		2.500	%	08/01/50		2,042,291		1,633,412
FNMA		3.000	%	08/01/50		3,133,530		2,612,624
FNMA		2.000	%	11/01/50		5,169,849		3,958,950
FNMA		2.000	%	01/01/51		9,246,707		7,074,419
FNMA		2.000	%	02/01/51		5,467,996		4,179,590
FNMA		2.500	%	04/01/51		15,495,213		12,337,518
FNMA		2.000	%	08/01/51		12,993,035		9,925,905
FNMA		2.000	%	11/01/51		5,371,539		4,094,432
FNMA		2.500	%	05/01/52		5,610,314		4,457,252
FNMA		3.500	%	05/01/52		7,662,136		6,596,122
FNMA		3.500	%	05/01/52		5,524,990		4,757,774
FNMA		3.000	%	07/01/52		4,729,089		3,914,815
FNMA		4.500	%	07/01/52		4,618,961		4,243,357
FNMA		4.500	%	08/01/52		6,481,799		5,953,877
FNMA		5.000	%	04/01/53		10,626,512		10,031,409
FNMA		5.000	%	06/01/53		3,955,291		3,733,476
								226,507,332
GOVERNMENT NATIONAL MORTGAGE ASSOCIATION - 0.0% (e)
GNMA		7.000	%	12/20/30		7,241		7,289
GNMA		7.000	%	10/20/31		5,068		5,213
GNMA		7.000	%	03/20/32		22,767		23,154
GNMA (H15T1Y + 150.00) (c)		3.625	%	01/20/34		14,155		13,988
GNMA		5.500	%	10/20/38		4,945		4,737
GNMA		6.500	%	11/20/38		3,134		3,138
								57,519

Schedule of Portfolio Investments (Continued)

Praxis Impact Bond Fund

U.S. GOVERNMENT AGENCIES - 53.6% (Continued)	Coupon			Maturity	Principal Amount		Fair Value
SMALL BUSINESS ADMINISTRATION - 0.0% (e)
SBA (Prime - 2.65) (c)		5.850	%	02/25/32	$	4,772	$	4,750
UNITED STATES AGENCY OF INTERNATIONAL DEVELOPMENT - 0.2%
Hashemite Kingdom of Jordan AID Bond		3.000	%	06/30/25		1,450,000		1,379,170
TOTAL U.S. GOVERNMENT AGENCIES (COST $490,675,658)							$	437,278,814

ASSET BACKED SECURITIES - 4.1%	Coupon			Maturity	Principal Amount		Fair Value
Ahold Finance U.S.A., LLC		8.620	%	01/02/25	$	60,083	$	60,991
Aligned Data Centers Issuer, LLC (b)		6.000	%	08/17/48		1,510,000		1,450,624
Beacon Container Finance II, LLC (b)		2.250	%	10/22/46		840,667		716,817
Cards II Trust (b)		0.602	%	04/15/27		2,250,000		2,186,000
CLI Funding, LLC (b)		2.720	%	01/18/47		1,154,189		974,557
DB Master Finance, LLC (b)		2.493	%	11/20/51		1,989,563		1,655,885
Domino's Pizza Master Issuer, LLC (b)		4.474	%	10/25/45		2,098,125		2,012,838
Duke Energy Progress NC Storm Funding, LLC		2.799	%	07/01/41		2,000,000		1,297,739
Golden Credit Card Trust (b)		1.140	%	08/15/28		1,000,000		885,174
Iowa Student Loan Liquidity Corp. Rev.		1.730	%	08/25/70		1,069,541		907,460
Mosaic Solar Loans, LLC (b)		2.100	%	04/20/46		822,371		693,176
PG&E Energy Recovery Funding, LLC		2.822	%	07/15/46		1,000,000		654,920
PG&E Energy Recovery Funding, LLC		5.536	%	07/15/47		1,500,000		1,411,626
PG&E Wildfire Recovery Funding, LLC		4.674	%	12/01/51		2,400,000		2,036,432
SBA Tower Trust (b)		2.836	%	01/15/50		282,000		269,931
SBA Tower Trust (b)		6.599	%	11/15/52		880,000		882,300
SolarCity LMC, Series I, LLC (b)(d)		4.800	%	12/20/26		233,883		226,378
Tesla Auto Lease Trust (b)		0.600	%	09/22/25		1,200,000		1,170,041
Texas Electric Market Stabilization Funding N, LLC (b)		4.966	%	02/01/44		630,000		574,404
Texas Electric Market Stabilization Funding N, LLC		5.057	%	08/01/46		3,000,000		2,654,101
Textainer Marine Containers VII Ltd. (b)		1.680	%	02/20/46		1,190,000		999,900
TIF Funding II, LLC (b)		1.650	%	02/20/46		395,000		326,953
Toyota Auto Receivables Owner Trust		0.260	%	11/17/25		1,625,179		1,581,966
Tribute Rail, LLC (b)		4.760	%	05/17/52		1,904,861		1,810,467

Schedule of Portfolio Investments (Continued)

Praxis Impact Bond Fund

ASSET BACKED SECURITIES - 4.1% (Continued)	Coupon			Maturity	Principal Amount		Fair Value
Triton Container Finance VIII, LLC (b)		1.860	%	03/20/46	$	1,378,125	$	1,150,684
Triumph Rail, LLC (b)		2.150	%	06/19/51		1,852,715		1,608,066
Vantage Data Centers Issuer, LLC (b)		2.165	%	10/15/46		2,000,000		1,755,964
Wendy's Funding, LLC (b)		3.783	%	06/15/49		676,875		622,452
Wendy's Funding, LLC (b)		4.236	%	03/15/52		1,234,375		1,114,481
TOTAL ASSET BACKED SECURITIES (COST $37,440,970)							$	33,692,327

MONEY MARKET FUNDS - 0.6%	Shares		Fair Value
First American Government Obligations Fund - Class X, 5.26% (f) (COST $4,728,294)		4,728,294	$	4,728,294
INVESTMENT PURCHASED WITH THE CASH PROCEEDS FROM SECURITIES LENDING - 2.9%		Shares		Fair Value
Mount Vernon Liquid Assets Portfolio, LLC, 5.50% (f)(g)  (COST $23,755,948)		23,755,948	$	23,755,948
INVESTMENT COMPANIES - 0.4%		Shares		Fair Value
Pax High Yield Bond Fund - Institutional Class (COST $4,199,236)		530,984	$	3,026,608
TOTAL INVESTMENTS - (COST $944,578,436) - 102.2%			$	833,161,381
LIABILITIES IN EXCESS OF OTHER ASSETS - (2.2%)				(18,210,925	)
NET ASSETS - 100.0%			$	814,950,456

(a)	All or a portion of the security is on loan.  The total fair value of the securities on loan as of September 30, 2023 was $23,276,608.
(b)	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 September 30, 2023, these securities were valued at $86,977,221 or 10.7% of net assets.
(c)	Variable rate security. Interest rate resets periodically.  The rate shown is the effective interest rate as of September 30, 2023.  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) Illiquid securities are as follows:  

	Acquisition Date	Current Cost		Fair Value		% of Net Assets
Calvert Impact Capital, Inc., 3.000%, 12/15/23	12/17/18	$	950,000	$	941,731		0.1	%
Calvert Impact Capital, Inc., 1.000%, 06/14/24	06/15/21		550,000		529,192		0.1	%
Calvert Impact Capital, Inc., 3.000%, 06/17/24	06/17/19		980,000		955,671		0.1	%
Calvert Impact Capital, Inc., 3.000%, 12/15/24	12/12/19		400,000		384,449		0.1	%
Calvert Impact Capital, Inc., 2.500%, 06/13/25	06/12/20		1,400,000		1,312,467		0.2	%
Calvert Impact Capital, Inc., 2.500%, 12/15/25	12/15/20		650,000		598,081		0.1	%
Calvert Impact Capital, Inc., 4.000% 06/15/28	06/15/23		1,200,000		1,085,904		0.1	%
Capital Impact Partners Investment, 4.800%, 12/15/23	12/19/22		250,000		249,440		0.0	%(e)
Capital Impact Partners Investment, 5.750%, 06/15/24	06/20/23		1,200,000		1,199,039		0.1	%
SolarCity LMC, Series I, LLC	11/13/13		233,840		226,378		0.0	%(e)
		$	7,813,840	$	7,482,352		0.9	%

(e)	Percentage rounds to less than 0.1%.
(f)	The rate shown is the 7-day effective yield as of September 30, 2023.
(g)	The security was purchased with cash collateral received from securities on loan.

GMTN - Global Medium-Term Note

H15T1Y - U.S. Treasury yield curve rate for U.S. Treasury note with a constant maturity of 1 year

plc - Public Liability Company

RFUCCT - Refinitiv USD IBOR Consumer Cash Fallbacks

Schedule of Portfolio Investments

Praxis International Index Fund

September 30, 2023 (Unaudited)

COMMON STOCKS - 98.1%	Shares		Fair Value
AUSTRALIA - 4.3%
ANZ Group Holdings Ltd.		40,646	$	670,466
Brambles Ltd.		96,931		892,294
Coles Group Ltd.		20,682		206,873
Commonwealth Bank of Australia		19,560		1,257,015
Computershare Ltd.		20,272		338,301
CSL Ltd. - ADR (a)		7,282		588,022
CSL Ltd.		3,640		586,855
Dexus		119,299		559,837
Fortescue Metals Group Ltd.		63,440		853,153
Goodman Group		44,189		609,317
GPT Group (The)		86,547		216,979
Macquarie Group Ltd. - ADR		1,184		127,114
Macquarie Group Ltd.		2,144		231,173
Mirvac Group		294,152		402,767
National Australia Bank Ltd.		36,653		684,946
QBE Insurance Group Ltd.		18,867		190,538
REA Group Ltd.		1,599		158,625
Scentre Group		280,885		444,187
SEEK Ltd.		49,532		702,733
Sonic Healthcare Ltd.		3,612		69,194
South32 Ltd.		255,820		557,489
Stockland		131,558		331,517
Transurban Group		253,924		2,071,417
Vicinity Centres		397,679		433,316
Wesfarmers Ltd.		32,429		1,101,952
Woodside Energy Group Ltd.		46,978		1,101,972
Woolworths Group Ltd.		28,598		686,087
				16,074,139
AUSTRIA - 0.3%
OMV AG		11,205		536,854
Verbund AG		6,899		561,971
				1,098,825
BELGIUM - 0.7%
Elia Group S.A./N.V.		2,549		249,672
Groupe Bruxelles Lambert N.V.		6,989		521,349

Schedule of Portfolio Investments (Continued)

Praxis International Index Fund                

COMMON STOCKS - 98.1% (Continued)	Shares		Fair Value
BELGIUM - 0.7% (Continued)
Groupe Bruxelles Lambert N.V.		2,460	$	183,634
KBC Group N.V.		14,580		911,578
UCB S.A.		9,252		758,431
				2,624,664
BERMUDA - 0.5%
Credicorp Ltd.		9,187		1,175,660
Orient Overseas International Ltd.		22,500		300,259
Shenzhen International Holdings Ltd.		799,000		492,823
				1,968,742
BRAZIL - 1.9%
Banco Bradesco S.A. - ADR		315,777		899,965
Banco do Brasil S.A. - ADR		104,259		971,694
Banco Santander Brasil S.A. - ADR		119,088		610,921
Cia Siderurgica Nacional S.A. - ADR (a)		126,765		302,968
Gerdau S.A. - ADR		57,663		275,053
Sendas Distribuidora S.A. - ADR (a)		16,442		200,264
Suzano S.A. - ADR		104,139		1,119,494
Telefónica Brasil S.A. - ADR (a)		205,749		1,759,154
TIM S.A. - ADR (a)		67,746		1,009,415
				7,148,928
CANADA - 7.6%
Bank of Montreal (a)		17,353		1,464,073
Bank of Nova Scotia (The) (a)		14,715		670,857
BCE, Inc.		2,230		85,119
Cameco Corp.		20,145		798,548
Canadian Imperial Bank of Commerce		7,538		291,042
Canadian National Railway Co.		17,522		1,898,158
Canadian Pacific Kansas City Ltd.		19,191		1,428,002
CGI, Inc. (b)		8,100		797,769
FirstService Corp.		2,323		338,089
Franco-Nevada Corp.		15,642		2,088,051
Gildan Activewear, Inc.		18,362		514,320
Magna International, Inc. (a)		1,678		89,958
Manulife Financial Corp.		76,580		1,399,882
Methanex Corp.		5,667		255,298
Nutrien Ltd.		9,307		574,800

Schedule of Portfolio Investments (Continued)

Praxis International Index Fund  

COMMON STOCKS - 98.1% (Continued)	Shares		Fair Value
CANADA - 7.6% (Continued)
Pembina Pipeline Corp.		36,741	$	1,104,435
RB Global, Inc. (a)		4,626		289,125
Restaurant Brands International, Inc. (a)		11,589		772,059
Royal Bank of Canada (a)		32,068		2,804,026
Shopify, Inc. - Class A (b)		16,669		909,627
Sun Life Financial, Inc. (a)		44,780		2,185,264
Teck Resources Ltd. - Class B (a)		38,609		1,663,662
Thomson Reuters Corp.		19,692		2,408,725
Toronto-Dominion Bank (The)		24,696		1,488,181
West Fraser Timber Co. Ltd.		2,404		174,386
Wheaton Precious Metals Corp. (a)		42,407		1,719,604
				28,213,060
CAYMAN ISLANDS - 4.0%
3SBio, Inc. (b)		223,500		186,946
Alibaba Group Holding Ltd. - ADR (b)		26,924		2,335,388
Baidu, Inc. - ADR (a)(b)		4,105		551,507
China Literature Ltd. (b)		34,400		125,858
China Mengniu Dairy Co. Ltd.		40,000		134,087
ENN Energy Holdings Ltd.		10,800		89,647
Genscript Biotech Corp. (b)		112,000		295,349
Hengan International Group Co. Ltd.		144,500		460,400
JD.com, Inc. - ADR		3,417		99,537
Li Auto, Inc. (a)(b)		16,094		573,751
Meituan - ADR (a)(b)		33,181		958,931
Minth Group Ltd.		64,000		164,684
NetEase, Inc. - ADR (a)		16,355		1,638,117
NIO, Inc. - ADR (a)(b)		16,554		149,648
Shenzhou International Group Holdings Ltd.		48,000		459,727
Tencent Holdings Ltd. - ADR (a)		98,814		3,821,137
Tingyi Cayman Islands Holding Corp.		378,000		528,088
Trip.com Group Ltd. - ADR (b)		19,946		697,512
Vipshop Holdings Ltd. - ADR (b)		21,137		338,403
WuXi Biologics Cayman, Inc. (b)		113,072		659,163
Xinyi Solar Holdings Ltd.		18,000		13,470
XPeng, Inc. - ADR (a)(b)		6,832		125,436

Schedule of Portfolio Investments (Continued)

Praxis International Index Fund

COMMON STOCKS - 98.1% (Continued)	Shares		Fair Value
CAYMAN ISLANDS - 4.0% (Continued)
ZTO Express Cayman, Inc. - ADR (a)		21,267	$	514,023
				14,920,809
CHILE - 0.2%
ENERSIS CHILE S.A. - ADR		52,052		154,074
Sociedad Quimica y Minera de Chile S.A. - ADR (a)		10,226		610,185
				764,259
CHINA - 2.9%
Agricultural Bank of China Ltd. - H Shares		2,786,000		1,038,870
ANTA Sports Products Ltd.		50,400		567,349
Bank of China Ltd. - H Shares		3,583,000		1,253,703
BYD Co. Ltd. - ADR		3,895		239,932
BYD Co. Ltd. - H Shares		18,500		571,721
China Life Insurance Co. Ltd. - H Shares		376,000		585,794
China Minsheng Banking Corp. Ltd. - H Shares		906,000		310,070
China Pacific Insurance Group Co. Ltd. - H Shares		100,200		250,796
China Resources Land Ltd.		134,000		533,896
Haier Smart Home Co. Ltd. - H Shares		225,630		710,250
Huatai Securities Co. Ltd. - H Shares		117,400		149,922
Industrial & Commercial Bank of China Ltd. - H Shares		1,755,000		844,920
Jiangsu Expressway Co. Ltd. - H Shares		720,000		650,054
PICC Property & Casualty Co. Ltd. - H Shares		294,000		377,696
Ping An Insurance Group Co. of China Ltd. - H Shares		208,818		1,195,990
Sinopharm Group Co. Ltd. - H Shares		427,200		1,238,381
TravelSky Technology Ltd. - H Shares		217,000		376,319
				10,895,663
COLOMBIA - 0.3%
Bancolombia S.A. - ADR		36,584		976,061
DENMARK - 2.2%
A.P. Moller-Maersk A/S - Series B		55		99,285
Chr. Hansen Holding A/S		4,354		266,868
Coloplast A/S - Series B		3,358		355,854
DSV A/S		4,551		850,891
Genmab A/S (b)		932		331,334
Novo Nordisk A/S - ADR		59,796		5,437,848
Novozymes A/S - B Shares		3,368		135,919

Schedule of Portfolio Investments (Continued)

Praxis International Index Fund    

COMMON STOCKS - 98.1% (Continued)	Shares		Fair Value
DENMARK - 2.2% (Continued)
Orsted A/S		2,157	$	117,746
Pandora A/S		1,085		112,519
Vestas Wind Systems A/S		21,015		451,477
				8,159,741
FINLAND - 0.8%
Kone OYJ - Class B		3,529		148,935
Neste OYJ		15,889		539,712
Nokia Corp. - ADR (a)		180,069		673,458
Sampo OYJ - A Shares (b)		13,008		563,556
Stora Enso OYJ - R Shares		14,211		178,633
UPM-Kymmene OYJ		20,395		700,101
				2,804,395
FRANCE - 6.6%
Accor S.A.		4,739		160,021
Aeroports de Paris S.A.		1,860		220,038
Air Liquide S.A. - ADR		1,327		44,680
Air Liquide S.A.		9,728		1,643,856
Alstom S.A.		6,726		160,702
Arkema S.A.		1,887		186,645
AXA S.A.		33,469		997,099
BNP Paribas S.A. - ADR		6,162		195,643
BNP Paribas S.A.		3,140		200,603
Bollore SE		121,566		654,161
Bureau Veritas S.A.		16,518		410,549
Capgemini SE		3,941		690,790
Carrefour S.A.		14,741		253,787
Cie Generale des Etablissements Michelin SCA - ADR		18,748		285,720
Cie Generale des Etablissements Michelin SCA		18,076		555,523
Covivio S.A.		4,642		206,606
Danone S.A. - ADR		12,960		143,402
Danone S.A.		9,568		528,622
Dassault Systemes SE		8,424		314,330
EssilorLuxottica S.A.		6,450		1,126,210
Getlink SE		64,345		1,027,860
Henkel AG & Co. KGaA		4,390		277,165
Hermes International SCA - ADR (a)		2,070		377,672

Schedule of Portfolio Investments (Continued)

Praxis International Index Fund  

COMMON STOCKS - 98.1% (Continued)	Shares		Fair Value
FRANCE - 6.6% (Continued)
Hermes International SCA		830	$	1,517,850
Kering S.A.		1,685		769,375
Klepierre S.A.		20,396		500,898
Legrand S.A.		13,146		1,213,284
L'Oreal S.A. - ADR		21,745		1,801,791
L'Oreal S.A.		1,380		573,650
Orange S.A. - ADR		15,765		181,140
Publicis Groupe S.A.		12,555		952,476
Sartorius Sedim Biotech		1,319		315,143
Schneider Electric SE - ADR (a)		5,840		192,662
Schneider Electric SE		17,677		2,933,646
Societe Generale S.A.		23,503		572,605
Solvay S.A.		809		89,675
Teleperformance		1,198		151,222
Unibail-Rodamco-Westfield (b)		3,343		165,224
Unibail-Rodamco-Westfield - CDI (b)		45,646		107,395
Valeo SE		19,119		330,070
Veolia Environnement S.A.		6,731		195,191
Vivendi SE - ADR		13,553		118,318
Vivendi SE		46,775		410,239
Wendel SE		8,457		670,999
Worldline S.A. (b)		4,311		121,459
				24,545,996
GERMANY - 3.7%
adidas AG - ADR		5,158		452,666
adidas AG		1,323		233,046
Allianz SE - ADR		76,050		1,808,469
Allianz SE		5,268		1,256,991
BASF SE		10,211		463,646
Bayerische Motoren Werke AG - ADR		2		68
Bayerische Motoren Werke AG		2,092		213,159
Brenntag SE		6,380		495,615
Commerzbank AG		24,099		274,900
Continental AG		4,852		342,446
Covestro AG (b)		5,621		303,423
Deutsche Boerse AG		7,444		1,288,279

Schedule of Portfolio Investments (Continued)

Praxis International Index Fund

COMMON STOCKS - 98.1% (Continued)	Shares		Fair Value
GERMANY - 3.7% (Continued)
Deutsche Post AG - ADR		9,971	$	404,623
Deutsche Post AG		10,161		413,949
Deutsche Telekom AG - ADR		38,185		800,358
Deutsche Telekom AG		25,629		538,320
Fraport AG Frankfurt Airport Services Worldwide (b)		1,961		104,155
Fresenius Medical Care AG & Co. KGaA - ADR (a)		8,998		193,817
Fresenius Medical Care AG & Co. KGaA		4,696		202,754
Hannover Rueck SE		1,159		254,737
Merck KGaA		2,309		386,054
Muenchener Rueckversicherungs-Gesellschaft AG - ADR		18,890		735,010
Muenchener Rueckversicherungs-Gesellschaft AG		2,246		876,413
RWE AG		9,296		345,443
Sartorius AG		918		312,308
Siemens Healthineers AG		3,235		164,161
Telefonica Deutschland Holding AG		129,616		232,265
Vonovia SE		22,603		545,062
Zalando SE (b)		3,395		75,839
				13,717,976
HONG KONG - 1.9%
AAC Technologies Holdings, Inc.		92,000		157,431
AIA Group Ltd. - ADR		36,481		1,178,336
AIA Group Ltd.		57,569		469,404
BYD Electronic International Co. Ltd.		86,500		394,350
China Merchants Port Holdings Co. Ltd.		540,000		672,350
Geely Automobile Holdings Ltd.		121,000		142,776
Hang Seng Bank Ltd.		2,100		26,133
Hong Kong Exchanges & Clearing Ltd.		22,078		824,957
Kingsoft Corp. Ltd.		45,600		165,379
Lenovo Group Ltd.		754,000		777,038
Link REIT		95,500		468,308
New China Life Insurance Co. Ltd. - H Shares		87,400		210,722
Shandong Weigao Group Medical Polymer Co. Ltd. - H Shares		256,000		224,919
Sino Land Co. Ltd.		270,000		304,454
Sun Hung Kai Properties Ltd.		21,000		224,730
Swire Properties Ltd.		206,350		430,580
Techtronic Industries Co. Ltd.		24,500		237,781

Schedule of Portfolio Investments (Continued)

Praxis International Index Fund

COMMON STOCKS - 98.1% (Continued)	Shares		Fair Value
HONG KONG - 1.9% (Continued)
Zhongsheng Group Holdings Ltd.		62,500	$	175,989
				7,085,637
INDIA - 4.3%
HDFC Bank Ltd. - ADR		30,589		1,805,057
ICICI Bank Ltd. - ADR		245,727		5,681,208
Infosys Ltd. - ADR		218,549		3,739,373
Wipro Ltd. - ADR (a)		973,270		4,710,627
				15,936,265
INDONESIA - 0.7%
Bank Mandiri Persero Tbk PT - ADR		87,101		1,348,323
Telkom Indonesia Persero Tbk PT - ADR (a)		57,608		1,388,353
				2,736,676
IRELAND - 0.5%
AIB Group plc		100,681		453,432
CRH plc (a)		14,500		793,585
Kingspan Group plc		1,736		130,232
Smurfit Kappa Group plc		17,885		596,734
				1,973,983
ISRAEL - 0.5%
Check Point Software Technologies Ltd. (b)		2,999		399,707
CyberArk Software Ltd. (b)		2,342		383,549
ICL Group Ltd. (a)		99,415		551,753
Nice Ltd. - ADR (a)(b)		3,542		602,140
				1,937,149
ITALY - 1.8%
Assicurazioni Generali S.p.A.		24,438		500,309
Enel S.p.A.		63,194		388,825
Intesa Sanpaolo S.p.A. - ADR		1		15
Intesa Sanpaolo S.p.A.		276,901		714,281
Mediobanca Banca di Credito Finanziario S.p.A.		49,451		655,060
Moncler S.p.A.		10,592		616,775
Poste Italiane S.p.A.		66,474		700,510
Prysmian S.p.A.		3,437		138,621
Snam S.p.A.		47,186		221,937
Telecom Italia S.p.A. (b)		591,414		185,133
Terna - Rete Elettrica Nazionale S.p.A.		199,413		1,502,713

Schedule of Portfolio Investments (Continued)

Praxis International Index Fund

COMMON STOCKS - 98.1% (Continued)	Shares		Fair Value
ITALY - 1.8% (Continued)
UniCredit S.p.A.		49,517	$	1,189,895
				6,814,074
JAPAN - 16.4%
Advantest Corp.		19,200		537,170
Aeon Co. Ltd.		19,800		392,513
AGC, Inc.		10,000		350,908
Ajinomoto Co., Inc.		6,600		254,565
Asahi Intecc Co. Ltd.		11,100		199,656
Asahi Kasei Corp.		21,400		134,594
Astellas Pharma, Inc.		54,600		757,760
Azbil Corp.		10,400		318,595
Bandai Namco Holdings, Inc.		18,600		378,619
Bridgestone Corp.		48,156		1,878,342
Brothers Industries Ltd.		29,100		468,997
Canon, Inc.		22,800		550,010
Chiba Bank Ltd. (The)		28,700		208,853
Chugai Pharmaceutical Co. Ltd.		13,500		417,717
Dai Nippon Printing Co. Ltd.		61,318		1,596,128
Dai-ichi Life Holdings, Inc.		16,346		338,753
Daiichi Sankyo Co. Ltd. - ADR (a)		5,703		155,863
Daiichi Sankyo Co. Ltd.		28,630		786,630
Daiwa House Industry Co. Ltd.		66,000		1,773,208
Daiwa Securities Group, Inc.		81,800		472,438
Denso Corp.		73,600		1,182,497
Disco Corp.		1,200		221,465
Eisai Co. Ltd.		4,600		255,609
ENEOS Holdings, Inc.		137,900		544,343
FANUC Corp.		4,000		104,202
Fast Retailing Co. Ltd.		4,200		915,933
FUJIFILM Holdings Corp. - ADR		6,620		383,695
FUJIFILM Holdings Corp.		3,800		220,156
Fujitsu Ltd.		4,868		573,315
Hikari Tsushin, Inc.		1,200		182,882
Hitachi Construction Machinery Co. Ltd.		15,000		456,301
Honda Motor Co. Ltd.		23,400		263,374
Hoya Corp. - ADR		1,273		130,801

Schedule of Portfolio Investments (Continued)

Praxis International Index Fund

COMMON STOCKS - 98.1% (Continued)	Shares		Fair Value
JAPAN - 16.4% (Continued)
Hoya Corp.		6,861	$	703,588
Ibiden Co. Ltd.		6,700		357,056
Inpex Corp.		35,600		537,427
Itochu Techno-Solutions Corp.		6,400		184,710
Japan Exchange Group, Inc.		13,000		241,313
Japan Post Bank Co. Ltd.		26,000		226,350
Kao Corp.		23,800		884,053
KDDI Corp. - ADR (a)		43,814		671,231
Keyence Corp.		4,100		1,522,675
Kubota Corp. - ADR		788		58,028
Kubota Corp.		36,800		542,737
Lixil Corp.		11,600		135,180
Mitsubishi Corp.		44,800		2,136,859
Mitsubishi Estate Co. Ltd.		14,300		187,074
Mitsubishi UFJ Financial Group, Inc. - ADR		29,257		248,392
Mitsubishi UFJ Financial Group, Inc.		275,109		2,335,208
Mitsui Chemicals, Inc.		7,100		184,198
Mitsui OSK Lines Ltd.		13,800		379,534
Mizuho Financial Group, Inc.		65,200		1,108,619
Murata Manufacturing Co. Ltd.		38,700		708,011
Nexon Co. Ltd.		11,900		212,891
Nidec Corp. - ADR		23,780		274,421
Nintendo Co. Ltd. - ADR		113,260		1,172,241
Nintendo Co. Ltd.		3,000		125,066
Nippon Prologis REIT, Inc.		164		306,401
Nippon Telegraph & Telephone Corp.		130,000		153,626
Nippon Yusen KK		9,300		241,833
Nitori Holdings Co. Ltd.		1,100		122,998
Nomura Real Estate Holdings, Inc.		12,900		323,965
Nomura Real Estate Master Fund, Inc.		155		173,627
Nomura Research Institute Ltd.		10,900		283,950
Odakyu Electric Railway Co. Ltd.		20,800		311,010
Olympus Corp.		16,400		213,065
Omron Corp.		2,900		129,377
Oracle Corp. Japan		3,200		237,686
Oriental Land Co. Ltd.		20,800		683,261

Schedule of Portfolio Investments (Continued)

Praxis International Index Fund

COMMON STOCKS - 98.1% (Continued)	Shares		Fair Value
JAPAN - 16.4% (Continued)
ORIX Corp.		16,800	$	313,986
Pan Pacific International Holdings Corp.		21,300		447,263
PDD Holdings, Inc. - ADR (b)		8,211		805,253
Persol Holdings Co. Ltd.		41,000		66,778
Recruit Holdings Co. Ltd.		33,150		1,022,399
Resona Holdings, Inc.		85,600		474,451
Ricoh Co. Ltd.		40,800		352,329
Seiko Epson Corp.		68,100		1,070,663
Sekisui House Ltd. - ADR		21,690		433,800
Sekisui House Ltd.		17,600		350,608
Seven & i Holdings Co. Ltd.		23,800		932,468
Shimadzu Corp.		24,100		640,555
Shimano, Inc.		2,084		281,207
Shin-Etsu Chemical Co. Ltd.		17,000		494,048
Shiseido Co. Ltd. - ADR		2,703		95,119
Shiseido Co. Ltd.		2,100		73,775
SoftBank Corp.		33,205		375,620
SoftBank Group Corp. - ADR		7,422		156,233
SoftBank Group Corp.		12,400		525,652
Sompo Holdings, Inc.		4,300		185,102
Sony Group Corp. - ADR		24,268		1,999,926
Sony Group Corp.		2,000		163,810
Sumitomo Corp.		32,454		648,033
Sumitomo Metal Mining Co. Ltd.		2,500		73,591
Sumitomo Mitsui Financial Group, Inc. - ADR (a)		102,110		1,005,784
Sumitomo Mitsui Financial Group, Inc.		13,200		648,954
Sumitomo Mitsui Trust Holdings, Inc.		19,600		738,536
Takeda Pharmaceutical Co. Ltd. - ADR (a)		41,354		639,746
Takeda Pharmaceutical Co. Ltd.		35,100		1,090,056
TDK Corp.		11,700		433,893
Terumo Corp.		10,972		290,965
Toho Co. Ltd.		4,100		139,976
Tokio Marine Holdings, Inc.		15,000		347,796
Tokyo Electron Ltd. - ADR		2,552		174,429
Tokyo Electron Ltd.		5,700		779,625
TOPPAN Holdings, Inc.		63,200		1,511,901

Schedule of Portfolio Investments (Continued)

Praxis International Index Fund

COMMON STOCKS - 98.1% (Continued)	Shares		Fair Value
JAPAN - 16.4% (Continued)
Toray Industries, Inc.		50,000	$	260,303
Toyota Motor Corp. - ADR (a)		14,091		2,532,857
USS Co. Ltd.		45,220		748,165
Yamaha Corp.		17,000		464,812
Yamaha Motor Co. Ltd.		37,400		983,796
Yokogawa Electric Corp.		36,800		711,296
				61,209,112
JERSEY - 0.2%
Experian plc - ADR		11,145		363,773
Experian plc		2,439		80,074
WPP plc		34,966		312,691
				756,538
LUXEMBOURG - 0.2%
Tenaris S.A. - ADR		21,178		669,225
MEXICO - 1.1%
America Movil S.A.B. de C.V. - ADR		20,827		360,724
Fomento Economico Mexicano S.A.B. de C.V. - ADR		12,776		1,394,500
Grupo Aeroportuario del Pacifico S.A.B. de C.V. - ADR		2,661		437,389
Grupo Aeroportuario del Sureste S.A.B. de C.V. - ADR		3,153		774,724
Wal-Mart de Mexico S.A.B. de C.V. - ADR		32,608		1,224,756
				4,192,093
NETHERLANDS - 2.5%
Adyen N.V. (b)		223		166,372
Aegon N.V. (b)		36,751		176,405
Akzo Nobel N.V. - ADR		1,673		40,303
Argenx SE - ADR (b)		1,009		496,055
ASML Holding N.V.		6,542		3,851,014
CNH Industrial N.V. (a)		12,123		146,688
DSM B.V.		2,622		253,551
ING Groep N.V. - ADR (a)		40,673		536,070
ING Groep N.V.		12,870		170,756
Koninklijke Ahold Delhaize N.V. - ADR		22,723		683,508
Koninklijke Ahold Delhaize N.V.		5,491		165,560
NN Group N.V.		8,950		288,020
Prosus N.V. (b)		39,670		1,170,934

Schedule of Portfolio Investments (Continued)

Praxis International Index Fund

COMMON STOCKS - 98.1% (Continued)	Shares		Fair Value
NETHERLANDS - 2.5% (Continued)
QIAGEN N.V. (b)		11,697	$	473,728
Randstad N.V.		3,477		192,542
Stellantis N.V.		21,320		410,262
Wolters Kluwer N.V.		1,707		206,901
				9,428,669
NEW ZEALAND - 0.0% (c)
Meridian Energy Ltd.		40,380		124,410
NORWAY - 1.7%
Aker BP ASA		25,069		693,655
Equinor ASA - ADR (a)		158,981		5,212,987
Norsk Hydro ASA		79,990		502,481
				6,409,123
PHILIPPINES - 0.0% (c)
PLDT, Inc. - ADR		3,953		81,669
PORTUGAL - 0.7%
Galp Energia SGPS S.A.		129,349		1,919,928
Jeronimo Martins SGPS S.A.		23,335		524,476
				2,444,404
RUSSIA - 0.0% (c)
Mobile TeleSystems PJSC - ADR (b)(d)(e)		86,910		869
SINGAPORE - 1.3%
BOC Aviation Ltd.		87,700		612,050
CapitaLand Ascendas REIT		167,800		337,544
CapitaLand Ascott Trust		10,433		7,326
CapitaLand Integrated Commercial Trust		522,925		707,648
CapitaLand Investment Ltd.		183,000		414,972
CDL Hospitality Trusts		28,826		21,929
City Developments Ltd.		260,300		1,258,583
DBS Group Holdings Ltd. - ADR		11,392		1,121,884
Singapore Telecommunications Ltd.		58,000		102,671
Venture Corp. Ltd.		33,300		301,315
				4,885,922

Schedule of Portfolio Investments (Continued)

Praxis International Index Fund  

COMMON STOCKS - 98.1% (Continued)	Shares		Fair Value
SOUTH AFRICA - 1.0%
FirstRand Ltd.		313,429	$	1,057,124
Gold Fields Ltd. - ADR		9,808		106,515
Mr Price Group Ltd.		70,832		519,811
MultiChoice Group Ltd. (b)		89,374		349,490
Naspers Ltd. - Class N - ADR		30,725		973,061
Standard Bank Group Ltd.		68,618		665,813
				3,671,814
SOUTH KOREA - 4.4%
Celltrion, Inc.		4,265		439,187
Hyundai Mobis Co. Ltd.		12,397		2,205,578
KB Financial Group, Inc. - ADR		15,444		634,903
KT Corp. - ADR (a)		39,515		506,582
LG Display Co. Ltd. - ADR		3		15
NAVER Corp.		7,018		1,046,114
POSCO Holdings, Inc. - ADR (a)		12,686		1,300,315
Samsung Electronics Co. Ltd.		120,001		6,072,000
Shinhan Financial Group Co. Ltd. - ADR (a)		23,067		611,045
Shinhan Financial Group Co. Ltd.		29,265		770,707
SK Hynix, Inc.		15,952		1,353,534
SK Telecom Co. Ltd. - ADR (a)		19,765		424,157
Woori Financial Group, Inc. - ADR (a)		34,279		939,930
				16,304,067
SPAIN - 2.1%
Aena SME S.A.		5,525		832,926
Amadeus IT Group S.A.		7,348		444,966
Banco Bilbao Vizcaya Argentaria S.A. - ADR		24,792		199,576
Banco Santander S.A. - ADR (a)		53,453		200,983
CaixaBank S.A.		69,384		277,712
Cellnex Telecom S.A.		10,596		369,331
Grifols S.A. (b)		20,633		188,586
Iberdrola S.A. - ADR (a)		1,595		71,360
Iberdrola S.A.		29,928		335,223
Industria de Diseno Textil S.A.		39,262		1,464,802
Naturgy Energy Group S.A.		12,657		344,692
Repsol S.A.		157,752		2,596,679

Schedule of Portfolio Investments (Continued)

Praxis International Index Fund

COMMON STOCKS - 98.1% (Continued)	Shares		Fair Value
SPAIN - 2.1% (Continued)
Telefónica S.A.		92,766	$	379,341
				7,706,177
SWEDEN - 1.3%
Atlas Copco AB - A Shares		71,088		958,147
Atlas Copco AB - Class A - ADR		18,379		246,279
Boliden AB		20,477		589,384
Epiroc AB - Class A		14,553		277,074
Essity AB - Series B		7,919		170,993
H & M Hennes & Mauritz AB - B Shares		27,122		385,941
Hexagon AB - B Shares		62,284		532,367
Industrivarden AB - A Shares		23,389		618,286
L E Lundbergforetagen AB - B Shares		4,058		169,750
Securitas AB - B Shares		19,191		152,229
Svenska Cellulosa AB SCA - Series B		16,418		225,345
Svenska Handelsbanken AB - A Shares		31,343		279,893
				4,605,688
SWITZERLAND - 6.1%
ABB Ltd. - ADR		73,560		2,618,000
ABB Ltd.		5,783		207,215
Accelleron Industries AG		1,953		50,410
Adecco Group AG		8,723		359,825
Alcon, Inc.		5,312		409,343
Barry Callebaut AG		553		880,798
Clariant AG (b)		10,218		161,856
Coca-Cola HBC AG		26,042		714,546
Geberit AG		1,394		698,987
Givaudan S.A.		208		680,313
Holcim Ltd.		8,532		547,866
Julius Baer Group Ltd.		5,382		346,065
Keuhne + Nagel International AG		643		183,335
Logitech International S.A.		4,776		329,257
Lonza Group AG - ADR		1,070		49,413
Lonza Group AG		2,080		967,072
Nestlé S.A. - ADR		29,320		3,318,144
Nestlé S.A.		4,022		455,808
Partners Group Holding AG		161		181,949

Schedule of Portfolio Investments (Continued)

Praxis International Index Fund

COMMON STOCKS - 98.1% (Continued)	Shares		Fair Value
SWITZERLAND - 6.1% (Continued)
Roche Holding AG - ADR		73,736	$	2,501,862
Roche Holding AG		2,049		560,605
Sika AG		1,660		422,712
Sonova Holding AG		927		220,461
Swatch Group AG (The)		707		181,811
Swiss Life Holding AG		1,691		1,055,917
Swiss Re AG		9,611		990,299
Swisscom AG		981		583,205
Temenos AG		2,479		174,458
UBS Group AG (a)		39,428		977,312
UBS Group AG		26,246		646,964
Zurich Insurance Group AG - ADR		24,700		1,130,766
Zurich Insurance Group AG		492		225,794
				22,832,368
TAIWAN - 4.5%
ASE Technology Holding Co. Ltd. - ADR		126,937		954,566
AUO Corp. - ADR		115,722		601,754
Chunghwa Telecom Co. Ltd. - ADR		137,157		4,929,423
Taiwan Semiconductor Manufacturing Co. Ltd. - ADR		97,734		8,493,085
United Microelectronics Corp. - ADR (a)		220,305		1,555,353
				16,534,181
UNITED KINGDOM - 8.9%
3i Group plc		68,813		1,740,348
Anglo American plc		24,823		685,944
Antofagasta plc		47,452		827,281
Ashtead Group plc		11,037		673,536
AstraZeneca plc - ADR		56,492		3,825,638
Aviva plc		147,903		703,372
Barratt Developments plc		27,950		150,413
British Land Co. plc (The)		62,287		240,740
BT Group plc		100,315		142,825
Bunzl plc		5,822		207,832
Burberry Group plc		13,434		312,798
Centrica plc		68,122		128,363
Coca-Cola Europacific Partners plc		24,655		1,540,444
Compass Group plc		35,682		870,654

Schedule of Portfolio Investments (Continued)

Praxis International Index Fund

COMMON STOCKS - 98.1% (Continued)	Shares		Fair Value
UNITED KINGDOM - 8.9% (Continued)
GSK plc - ADR		30,598	$	1,109,177
GSK plc		17,282		314,579
Haleon plc - ADR (a)		17,287		144,001
Halma plc		11,061		261,593
HSBC Holdings plc - ADR (a)		58,458		2,306,753
HSBC Holdings plc		27,340		215,075
Informa plc		116,498		1,066,541
InterContinental Hotels Group plc - ADR		1,068		79,833
J Sainsbury plc		86,209		265,886
Kingfisher plc		161,921		441,121
Land Securities Group plc		31,696		227,997
Legal & General Group plc		210,040		570,162
Lloyds Banking Group plc		437,921		237,030
London Stock Exchange Group plc		7,929		796,518
Mondi plc		24,044		402,611
National Grid plc - ADR (a)		5,873		356,080
National Grid plc		77,306		924,284
NatWest Group plc		160,250		460,812
PEARSON plc - ADR (a)		83,385		878,878
PEARSON plc		24,794		262,683
Prudential plc - ADR		10,228		224,198
Reckitt Benckiser Group plc - ADR		34,350		480,557
Reckitt Benckiser Group plc		3,212		227,049
RELX plc - ADR (a)		28,876		973,121
RELX plc		74,635		2,526,805
Rentokil Initial plc		52,853		393,467
Sage Group plc (The) - ADR		2,320		111,952
Sage Group plc (The)		14,027		169,249
Segro plc		49,056		430,555
Severn Trent plc		16,234		468,407
Taylor Wimpey plc		108,822		155,733
Tesco plc - ADR		293		2,816
Tesco plc		144,166		464,688
Unilever plc - ADR		41,275		2,038,985
United Utilities Group plc		59,321		686,238

Schedule of Portfolio Investments (Continued)

Praxis International Index Fund

COMMON STOCKS - 98.1% (Continued)	Shares		Fair Value
UNITED KINGDOM - 8.9% (Continued)
Whitbread plc		5,438	$	229,818
				32,955,440
TOTAL COMMON STOCKS (Cost $286,033,411)			$	365,208,811

CORPORATE NOTES - 0.9%	Coupon			Maturity	Par Value		Fair Value
COMMUNITY DEVELOPMENT - 0.9%
Calvert Impact Capital, Inc. (d)		3.000	%	12/15/23	$	480,000	$	475,822
Calvert Impact Capital, Inc. (d)		1.000	%	06/14/24		450,000		432,975
Calvert Impact Capital, Inc. (d)		3.000	%	06/17/24		290,000		282,801
Calvert Impact Capital, Inc. (d)		3.000	%	12/15/24		120,000		115,334
Calvert Impact Capital, Inc. (d)		2.500	%	06/13/25		500,000		468,738
Calvert Impact Capital, Inc. (d)		2.500	%	12/15/25		400,000		368,050
Calvert Impact Capital, Inc. (d)		4.000	%	06/15/28		620,000		561,050
Capital Impact Partners Investment (d)		5.750	%	06/15/24		620,000		619,504
TOTAL CORPORATE NOTES (Cost $3,480,000)							$	3,324,274

MONEY MARKET FUNDS - 0.5%	Shares		Fair Value
First American Government Obligations Fund - Class X, 5.26% (f) (Cost $2,007,174)		2,007,174	$	2,007,174

Schedule of Portfolio Investments (Continued)

Praxis International Index Fund

INVESTMENT PURCHASED WITH THE CASH PROCEEDS FROM SECURITIES LENDING - 12.6%	Shares		Fair Value
Mount Vernon Liquid Assets Portfolio, LLC, 5.50% (f)(g) (Cost $46,889,429)		46,889,429	$	46,889,429
TOTAL INVESTMENTS - (Cost $338,410,014) - 112.1%			$	417,429,688
LIABILITES IN EXESS OF OTHER ASSETS - (12.1%)				(44,984,805	)
NET ASSETS - 100.0%			$	372,444,883

(a)	All or a portion of the security is on loan.  The total fair value of the securities on loan as of September 30, 2023 was $45,749,863.
(b)	Non-income producing security.
(c)	Percentage rounds to less than 0.1%.
(d)	Illiquid securities are as follows:

	Acquisition Date	Current Cost		Fair Value		% of Net Assets
Calvert Impact Capital, Inc., 3.000%, 12/15/23	12/17/18	$	480,000	$	475,822		0.1	%
Calvert Impact Capital, Inc., 1.000%, 06/14/24	06/15/21		450,000		432,975		0.1	%
Calvert Impact Capital, Inc., 3.000%, 06/17/24	06/17/19		290,000		282,801		0.1	%
Calvert Impact Capital, Inc., 3.000%, 12/15/24	12/12/19		120,000		115,334		0.0	%(c)
Calvert Impact Capital, Inc., 2.500%, 06/13/25	06/12/20		500,000		468,738		0.1	%
Calvert Impact Capital, Inc., 2.500%, 12/15/25	12/15/20		400,000		368,050		0.1	%
Calvert Impact Capital, Inc., 4.000% 06/15/28	06/15/23		620,000		561,050		0.2	%
Capital Impact Partners Investment, 5.750%, 06/15/24	06/20/23		620,000		619,504		0.2	%
Mobile TeleSystems PJSC – ADR	07/19/11		86,910		869		0.0	%(c)
		$	3,566,910	$	3,325,143		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 September 30, 2023, representing 0.0% (c) of net assets.
(f)	The rate shown is the 7-day effective yield as of September 30, 2023.
(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

September 30, 2023 (Unaudited)

Common Stocks by Sector/Industry	% of Net Assets
Communications - 9.2%
Advertising & Marketing		0.3	%
Cable & Satellite		0.1	%
Entertainment Content		1.0	%
Internet Media & Services		3.0	%
Publishing & Broadcasting		0.6	%
Telecommunications		4.2	%
Consumer Discretionary - 9.7%
Apparel & Textile Products		1.3	%
Automotive		3.6	%
E-Commerce Discretionary		0.8	%
Home Construction		1.0	%
Leisure Facilities & Services		0.5	%
Leisure Products		0.2	%
Retail - Discretionary		2.0	%
Wholesale - Discretionary		0.3	%
Consumer Staples - 6.9%
Beverages		1.1	%
Food		1.5	%
Household Products		2.0	%
Retail - Consumer Staples		1.7	%
Wholesale - Consumer Staples		0.6	%
Energy - 4.1%
Oil & Gas Producers		4.0	%
Renewable Energy		0.1	%
Financials - 21.6%
Asset Management		1.8	%
Banking		13.1	%
Institutional Financial Services		0.9	%
Insurance		5.5	%
Specialty Finance		0.3	%
Health Care - 8.4%
Biotech & Pharma		5.9	%
Health Care Facilities & Services		0.9	%
Medical Equipment & Devices		1.6	%

Schedule of Portfolio Investments (Continued)

Praxis International Index Fund

Common Stocks by Sector/Industry (Continued)	% of Net Assets
Industrials - 9.8%
Commercial Support Services		1.8	%
Electrical Equipment		2.4	%
Engineering & Construction		0.1	%
Industrial Support Services		0.4	%
Machinery		1.3	%
Transportation & Logistics		3.8	%
Transportation Equipment *		0.0	%
Materials - 7.5%
Chemicals		2.1	%
Construction Materials		0.6	%
Containers & Packaging		0.5	%
Forestry, Paper & Wood Products		0.6	%
Metals & Mining		3.0	%
Steel		0.7	%
Real Estate - 3.5%
Real Estate Owners & Developers		1.5	%
Real Estate Services		0.1	%
REITs		1.9	%
Technology - 15.4%
Semiconductors		4.8	%
Software		0.6	%
Technology Hardware		4.9	%
Technology Services		5.1	%
Utilities - 2.0%
Electric & Gas Marketing & Trading		0.1	%
Electric Utilities		1.4	%
Gas & Water Utilities		0.5	%
		98.1	%

* Amount rounds to less than 0.1%.

Schedule of Portfolio Investments

Praxis Value Index Fund

September 30, 2023 (Unaudited)

COMMON STOCKS - 98.4%	Shares		Fair Value
ADVERTISING & MARKETING - 0.2%
Omnicom Group, Inc.		10,229	$	761,856
AEROSPACE & DEFENSE - 0.1%
Howmet Aerospace, Inc.		7,310		338,087
APPAREL & TEXTILE PRODUCTS - 0.7%
NIKE, Inc. - Class B		29,440		2,815,053
VF Corp. (a)		37,160		656,617
				3,471,670
ASSET MANAGEMENT - 1.3%
Ameriprise Financial, Inc.		1,540		507,707
BlackRock, Inc.		4,522		2,923,428
Charles Schwab Corp. (The)		11,830		649,467
Franklin Resources, Inc. (a)		24,430		600,489
Invesco Ltd.		34,830		505,732
T. Rowe Price Group, Inc.		5,830		611,392
				5,798,215
AUTOMOTIVE - 1.0%
Aptiv plc (b)		7,050		695,059
BorgWarner, Inc.		14,870		600,302
Ford Motor Co.		128,833		1,600,106
General Motors Co.		46,330		1,527,500
				4,422,967
BANKING - 6.1%
Bank of America Corp.		204,460		5,598,115
Citigroup, Inc.		63,306		2,603,776
Citizens Financial Group, Inc.		22,720		608,896
Fifth Third Bancorp		19,490		493,682
Huntington Bancshares, Inc.		76,040		790,816
JPMorgan Chase & Co.		83,705		12,138,899
M&T Bank Corp.		8,184		1,034,867
PNC Financial Services Group, Inc. (The)		11,131		1,366,553
Regions Financial Corp.		43,890		754,908
Truist Financial Corp.		39,410		1,127,520
U.S. Bancorp		45,077		1,490,245
				28,008,277

Schedule of Portfolio Investments (Continued)

Praxis Value Index Fund

COMMON STOCKS - 98.4% (Continued)	Shares		Fair Value
BEVERAGES - 0.8%
Coca-Cola Co. (The)		40,420	$	2,262,712
Keurig Dr Pepper, Inc. (a)		12,430		392,415
PepsiCo, Inc.		6,059		1,026,637
				3,681,764
BIOTECH & PHARMA - 1.6%
Biogen, Inc. (b)		1,930		496,029
Bristol-Myers Squibb Co.		5,870		340,695
Gilead Sciences, Inc.		4,680		350,719
Johnson & Johnson		28,441		4,429,686
Zoetis, Inc. (a)		10,000		1,739,800
				7,356,929
CABLE & SATELLITE - 1.5%
Charter Communications, Inc. - Class A (a)(b)		2,520		1,108,347
Comcast Corp. - Class A		127,730		5,663,548
				6,771,895
CHEMICALS - 2.9%
Air Products & Chemicals, Inc.		2,397		679,310
Dow, Inc.		7,400		381,544
DuPont de Nemours, Inc. (a)		8,138		607,013
Ecolab, Inc.		4,910		831,754
International Flavors & Fragrances, Inc.		6,622		451,422
Linde plc		15,566		5,796,000
LyondellBasell Industries N.V. - Class A		19,930		1,887,371
PPG Industries, Inc.		10,210		1,325,258
Sherwin-Williams Co. (The)		6,010		1,532,850
				13,492,522
COMMERCIAL SUPPORT SERVICES - 1.0%
Republic Services, Inc.		11,450		1,631,740
Robert Half, Inc.		5,180		379,590
Rollins, Inc.		14,870		555,097
Waste Management, Inc.		12,790		1,949,708
				4,516,135
CONSTRUCTION MATERIALS - 0.3%
Martin Marietta Materials, Inc.		2,100		862,008
Vulcan Materials Co.		2,600		525,252
				1,387,260

Schedule of Portfolio Investments (Continued)

Praxis Value Index Fund

COMMON STOCKS - 98.4% (Continued)	Shares		Fair Value
CONTAINERS & PACKAGING - 0.1%
WestRock Co.		10,970	$	392,726
DIVERSIFIED INDUSTRIALS - 1.5%
Dover Corp.		7,683		1,071,855
Emerson Electric Co.		20,564		1,985,866
Illinois Tool Works, Inc.		12,695		2,923,785
Pentair plc		17,330		1,122,118
				7,103,624
E-COMMERCE DISCRETIONARY - 3.6%
Amazon.com, Inc. (b)		125,280		15,925,593
eBay, Inc.		12,910		569,202
				16,494,795
ELECTRIC UTILITIES - 4.5%
AES Corp. (The)		19,904		302,541
Ameren Corp.		7,630		570,953
American Electric Power Co., Inc.		16,270		1,223,829
CenterPoint Energy, Inc.		19,510		523,844
CMS Energy Corp.		12,530		665,468
Consolidated Edison, Inc.		29,931		2,559,998
DTE Energy Co.		7,370		731,694
Duke Energy Corp.		29,394		2,594,314
Edison International		16,627		1,052,323
Eversource Energy		12,730		740,250
Exelon Corp.		26,010		982,918
NextEra Energy, Inc.		61,580		3,527,918
NRG Energy, Inc.		18,460		711,079
PPL Corp.		12,890		303,688
Sempra		12,046		819,489
Southern Co. (The)		36,061		2,333,868
WEC Energy Group, Inc.		3,940		317,367
Xcel Energy, Inc.		9,744		557,552
				20,519,093
ELECTRICAL EQUIPMENT - 3.0%
AMETEK, Inc.		4,630		684,129
Carrier Global Corp. (a)		29,420		1,623,984
Generac Holdings, Inc. (a)(b)		3,210		349,762
Johnson Controls International plc		38,687		2,058,535
Keysight Technologies, Inc. (b)		3,690		488,224

Schedule of Portfolio Investments (Continued)

Praxis Value Index Fund

COMMON STOCKS - 98.4% (Continued)	Shares		Fair Value
ELECTRICAL EQUIPMENT - 3.0% (Continued)
Otis Worldwide Corp.		20,480	$	1,644,749
Rockwell Automation, Inc.		7,420		2,121,155
TE Connectivity Ltd.		14,490		1,789,950
Trane Technologies plc		12,220		2,479,560
Trimble, Inc. (b)		8,990		484,201
				13,724,249
ENTERTAINMENT CONTENT - 1.4%
Activision Blizzard, Inc.		7,690		720,015
Electronic Arts, Inc.		3,150		379,260
Fox Corp. - Class B		13,000		375,440
Paramount Global - Class B (a)		40,826		526,655
Walt Disney Co. (The) (b)		51,779		4,196,688
Warner Bros. Discovery, Inc. (a)(b)		27,797		301,875
				6,499,933
FOOD - 0.9%
Conagra Brands, Inc.		16,070		440,639
J.M. Smucker Co. (The)		5,630		691,983
Kellanova		5,960		354,680
Kraft Heinz Co. (The)		26,030		875,649
McCormick & Co., Inc. (a)		6,090		460,648
Mondelez International, Inc. - Class A		15,422		1,070,287
Tyson Foods, Inc. - Class A		8,430		425,631
				4,319,517
GAS & WATER UTILITIES - 0.2%
American Water Works Co., Inc.		4,090		506,464
NiSource, Inc.		19,060		470,401
				976,865
HEALTH CARE FACILITIES & SERVICES - 1.9%
Cardinal Health, Inc.		4,520		392,427
Cencora, Inc.		6,580		1,184,203
Cigna Group (The)		4,062		1,162,016
CVS Health Corp.		37,084		2,589,205
Elevance Health, Inc.		1,150		500,733
Humana, Inc.		1,410		685,993
IQVIA Holdings, Inc. (b)		2,920		574,510
Laboratory Corp. of America Holdings		2,120		426,226
McKesson Corp.		3,384		1,471,532
				8,986,845

Schedule of Portfolio Investments (Continued)

Praxis Value Index Fund

COMMON STOCKS - 98.4% (Continued)	Shares		Fair Value
HOME & OFFICE PRODUCTS - 0.1%
Whirlpool Corp. (a)		3,150	$	421,155
HOME CONSTRUCTION - 0.5%
D.R. Horton, Inc.		3,300		354,651
Lennar Corp. - Class A		6,340		711,538
Masco Corp.		990		52,916
NVR, Inc. (b)		130		775,229
PulteGroup, Inc.		8,540		632,387
				2,526,721
HOUSEHOLD PRODUCTS - 2.1%
Church & Dwight Co., Inc.		8,240		755,032
Clorox Co. (The)		4,350		570,111
Colgate-Palmolive Co.		4,720		335,639
Estée Lauder Cos., Inc. (The) - Class A		4,940		714,077
Kimberly-Clark Corp.		12,700		1,534,795
Procter & Gamble Co. (The)		38,156		5,565,434
				9,475,088	��
INDUSTRIAL SUPPORT SERVICES - 0.4%
Fastenal Co.		9,800		535,472
United Rentals, Inc.		1,530		680,192
W.W. Grainger, Inc.		870		601,901
				1,817,565
INSTITUTIONAL FINANCIAL SERVICES - 2.8%
Bank of New York Mellon Corp. (The)		38,024		1,621,724
CME Group, Inc.		11,190		2,240,462
Goldman Sachs Group, Inc. (The)		10,260		3,319,828
Intercontinental Exchange, Inc.		19,510		2,146,490
Morgan Stanley		31,741		2,592,287
Northern Trust Corp.		6,297		437,516
State Street Corp.		11,380		762,005
				13,120,312
INSURANCE - 5.7%
Aflac, Inc. (a)		25,980		1,993,965
Allstate Corp. (The)		13,549		1,509,494
American International Group, Inc.		22,987		1,393,012
Aon plc - Class A		4,280		1,387,661
Arch Capital Group Ltd. (b)		4,680		373,043
Arthur J. Gallagher & Co.		4,520		1,030,243

Schedule of Portfolio Investments (Continued)

Praxis Value Index Fund

COMMON STOCKS - 98.4% (Continued)	Shares		Fair Value
INSURANCE - 5.7% (Continued)
Assurant, Inc.		4,170	$	598,728
Berkley (W.R.) Corp.		9,825		623,789
Brown & Brown, Inc.		15,040		1,050,394
Chubb Ltd.		8,860		1,844,475
Cincinnati Financial Corp.		9,332		954,570
Everest Group Ltd.		2,840		1,055,543
Globe Life, Inc. (a)		7,730		840,483
Hartford Financial Services Group, Inc. (The)		10,830		767,955
Loews Corp.		25,180		1,594,146
Marsh & McLennan Cos., Inc.		9,860		1,876,358
MetLife, Inc.		29,933		1,883,085
Principal Financial Group, Inc.		9,080		654,396
Progressive Corp. (The)		8,230		1,146,439
Prudential Financial, Inc.		17,920		1,700,429
Travelers Cos., Inc. (The)		7,583		1,238,380
Willis Towers Watson plc		2,810		587,178
				26,103,766
INTERNET MEDIA & SERVICES - 6.0%
Alphabet, Inc. - Class C (b)		830		109,435
Booking Holdings, Inc. (b)		1,140		3,515,703
Expedia Group, Inc. (b)		3,040		313,333
Match Group, Inc. (b)		14,910		584,099
Meta Platforms, Inc. - Class A (b)		61,580		18,486,932
Netflix, Inc. (b)		11,830		4,467,008
VeriSign, Inc. (b)		1,530		309,871
				27,786,381
LEISURE FACILITIES & SERVICES - 1.9%
Carnival Corp. (b)		34,193		469,128
Darden Restaurants, Inc. (a)		4,280		612,981
Hilton Worldwide Holdings, Inc.		6,420		964,155
Live Nation Entertainment, Inc. (a)(b)		6,980		579,619
Marriott International, Inc. - Class A		2,910		571,990
McDonald's Corp.		9,570		2,521,121
Norwegian Cruise Line Holdings Ltd. (b)		14,440		237,971
Royal Caribbean Cruises Ltd. (b)		4,840		445,958
Starbucks Corp.		16,870		1,539,725
Yum! Brands, Inc.		5,400		674,676
				8,617,324

Schedule of Portfolio Investments (Continued)

Praxis Value Index Fund

COMMON STOCKS - 98.4% (Continued)	Shares		Fair Value
LEISURE PRODUCTS - 0.8%
Axon Enterprise, Inc. (b)		1,770	$	352,212
Hasbro, Inc.		50,010		3,307,662
				3,659,874
MACHINERY - 0.9%
Deere & Co.		907		342,284
IDEX Corp.		2,840		590,777
Ingersoll-Rand, Inc.		18,500		1,178,820
Nordson Corp.		2,610		582,474
Stanley Black & Decker, Inc.		3,820		319,275
Xylem, Inc.		13,260		1,207,058
				4,220,688
MEDICAL EQUIPMENT & DEVICES - 5.5%
Abbott Laboratories		23,170		2,244,015
Agilent Technologies, Inc.		300		33,546
Align Technology, Inc. (b)		2,500		763,300
Baxter International, Inc.		15,502		585,045
Becton, Dickinson and Co.		8,310		2,148,384
Bio-Rad Laboratories, Inc. - Class A (b)		1,620		580,689
Boston Scientific Corp. (b)		29,180		1,540,704
Cooper Cos., Inc. (The)		1,170		372,072
Danaher Corp.		6,110		1,515,891
DENTSPLY SIRONA, Inc.		10,150		346,724
Edwards Lifesciences Corp. (b)		15,350		1,063,448
GE HealthCare Technologies, Inc. (a)		8,650		588,546
IDEXX Laboratories, Inc. (a)(b)		1,340		585,942
Illumina, Inc. (b)		2,510		344,573
Intuitive Surgical, Inc. (b)		5,540		1,619,287
Medtronic plc		42,020		3,292,687
ResMed, Inc.		2,370		350,452
Revvity, Inc.		5,290		585,603
STERIS plc		3,150		691,173
Stryker Corp.		9,990		2,729,967
Teleflex, Inc.		2,740		538,163
Thermo Fisher Scientific, Inc.		3,154		1,596,460
West Pharmaceutical Services, Inc.		1,260		472,765
Zimmer Biomet Holdings, Inc.		5,900		662,098
				25,251,534

Schedule of Portfolio Investments (Continued)

Praxis Value Index Fund

COMMON STOCKS - 98.4% (Continued)	Shares		Fair Value
METALS & MINING - 0.1%
Newmont Corp.		15,380	$	568,291
OIL & GAS PRODUCERS - 0.7%
ConocoPhillips		5,377		644,165
Pioneer Natural Resources Co.		3,330		764,401
Valero Energy Corp.		14,590		2,067,549
				3,476,115
OIL & GAS SERVICES & EQUIPMENT - 0.7%
Baker Hughes Co.		44,790		1,581,983
Schlumberger Ltd.		26,396		1,538,887
				3,120,870
REAL ESTATE SERVICES - 0.2%
CBRE Group, Inc. - Class A (b)		13,110		968,305
REITS - 4.1%
Alexandria Real Estate Equities, Inc. (a)		5,380		538,538
American Tower Corp.		4,760		782,782
AvalonBay Communities, Inc.		3,750		644,025
Boston Properties, Inc. (a)		7,640		454,427
Crown Castle, Inc.		6,910		635,927
Digital Realty Trust, Inc.		8,840		1,069,817
Equinix, Inc.		2,800		2,033,528
Equity Residential		7,500		440,325
Essex Property Trust, Inc.		2,800		593,852
Federal Realty Investment Trust		4,450		403,304
Healthpeak Properties, Inc.		20,530		376,931
Host Hotels & Resorts, Inc. (a)		41,200		662,084
Kimco Realty Corp. (a)		22,420		394,368
Mid-America Apartment Communities, Inc.		2,890		371,799
Prologis, Inc.		28,910		3,243,991
Public Storage		1,920		505,958
Realty Income Corp.		26,060		1,301,436
Regency Centers Corp.		9,230		548,631
SBA Communications Corp. - Class A		1,660		332,282
Simon Property Group, Inc.		8,469		914,906
UDR, Inc.		8,600		306,762
Ventas, Inc.		11,270		474,805
VICI Properties, Inc.		20,640		600,624

Schedule of Portfolio Investments (Continued)

Praxis Value Index Fund

COMMON STOCKS - 98.4% (Continued)	Shares		Fair Value
REITS - 4.1% (Continued)
Welltower, Inc. (a)		13,540	$	1,109,197
				18,740,299
RETAIL - CONSUMER STAPLES - 2.4%
Costco Wholesale Corp.		3,700		2,090,352
Dollar General Corp.		2,380		251,804
Kroger Co. (The)		20,514		918,002
Target Corp.		9,860		1,090,220
Walgreen Boots Alliance, Inc.		22,490		500,178
Walmart, Inc.		39,710		6,350,820
				11,201,376
RETAIL - DISCRETIONARY - 1.9%
AutoZone, Inc. (b)		240		609,598
Bath & Body Works, Inc.		17,390		587,782
CarMax, Inc. (a)(b)		7,850		555,230
Genuine Parts Co.		4,570		659,817
Home Depot, Inc. (The)		10,732		3,242,781
Lowe's Cos., Inc.		4,570		949,829
Ross Stores, Inc.		8,070		911,506
TJX Cos., Inc. (The)		12,030		1,069,226
				8,585,769
SEMICONDUCTORS - 3.8%
Advanced Micro Devices, Inc. (b)		16,920		1,739,714
Analog Devices, Inc.		6,980		1,222,128
Broadcom, Inc.		4,950		4,111,371
Intel Corp.		123,168		4,378,622
KLA Corp.		670		307,302
Microchip Technology, Inc.		4,630		361,371
Micron Technology, Inc.		29,590		2,013,008
NVIDIA Corp.		920		400,191
NXP Semiconductors N.V.		3,730		745,702
Qorvo, Inc. (b)		4,610		440,117
Skyworks Solutions, Inc.		6,090		600,413
Texas Instruments, Inc.		6,950		1,105,120
				17,425,059
SOFTWARE - 10.2%
Adobe, Inc. (b)		7,170		3,655,983
ANSYS, Inc. (b)		1,760		523,688
Autodesk, Inc. (b)		2,650		548,312

Schedule of Portfolio Investments (Continued)

Praxis Value Index Fund

COMMON STOCKS - 98.4% (Continued)	Shares		Fair Value
SOFTWARE - 10.2% (Continued)
Cadence Design Systems, Inc. (b)		1,120	$	262,416
Ceridian HCM Holding, Inc. (a)(b)		9,800		664,930
Gen Digital, Inc.		34,770		614,734
Intuit, Inc.		3,330		1,701,430
Microsoft Corp.		87,670		27,681,803
Oracle Corp.		23,412		2,479,799
Roper Technologies, Inc.		4,500		2,179,260
Salesforce, Inc. (b)		28,280		5,734,618
Synopsys, Inc. (b)		920		422,252
Tyler Technologies, Inc. (b)		1,650		637,131
				47,106,356
SPECIALTY FINANCE - 0.7%
American Express Co.		9,754		1,455,199
Capital One Financial Corp. (a)		12,880		1,250,004
Discover Financial Services		5,770		499,855
Synchrony Financial (a)		3,970		121,363
				3,326,421
TECHNOLOGY HARDWARE - 2.4%
Apple, Inc.		1,900		325,299
Cisco Systems, Inc.		117,190		6,300,134
Corning, Inc.		14,610		445,167
F5, Inc. (b)		4,550		733,187
Hewlett Packard Enterprise Co.		46,690		811,005
HP, Inc.		26,820		689,274
Seagate Technology Holdings plc (a)		11,540		761,063
Western Digital Corp. (b)		11,965		545,963
Zebra Technologies Corp. - Class A (b)		1,540		364,256
				10,975,348
TECHNOLOGY SERVICES - 4.1%
Accenture plc - Class A		16,780		5,153,306
Automatic Data Processing, Inc.		1,610		387,334
Cognizant Technology Solutions Corp. - Class A		15,450		1,046,583
DXC Technology Co. (b)		23,490		489,297
Equifax, Inc.		580		106,244
Fidelity National Information Services, Inc.		21,130		1,167,855
Fiserv, Inc. (b)		8,480		957,901
Global Payments, Inc.		8,590		991,200
Mastercard, Inc. - Class A		1,160		459,255

Schedule of Portfolio Investments (Continued)

Praxis Value Index Fund

COMMON STOCKS - 98.4% (Continued)	Shares		Fair Value
TECHNOLOGY SERVICES - 4.1% (Continued)
Moody's Corp.		2,110	$	667,119
MSCI, Inc.		1,140		584,911
Paychex, Inc.		3,334		384,510
PayPal Holdings, Inc. (b)		28,270		1,652,664
S&P Global, Inc.		9,180		3,354,464
Verisk Analytics, Inc.		5,050		1,193,012
Visa, Inc. - Class A (a)		1,470		338,115
				18,933,770
TELECOMMUNICATIONS - 1.8%
AT&T, Inc.		229,556		3,447,931
T-Mobile US, Inc. (b)		6,580		921,529
Verizon Communications, Inc.		114,690		3,717,103
				8,086,563
TRANSPORTATION & LOGISTICS - 3.2%
Alaska Air Group, Inc. (b)		9,130		338,540
American Airlines Group, Inc. (b)		24,860		318,457
C.H. Robinson Worldwide, Inc.		6,070		522,809
CSX Corp.		41,490		1,275,817
Delta Air Lines, Inc.		19,150		708,550
FedEx Corp.		8,230		2,180,292
J.B. Hunt Transport Services, Inc.		4,690		884,159
Norfolk Southern Corp.		8,850		1,742,830
Southwest Airlines Co.		24,230		655,906
Union Pacific Corp.		10,560		2,150,333
United Airlines Holdings, Inc. (b)		13,060		552,438
United Parcel Service, Inc. - Class B		20,670		3,221,833
				14,551,964
TRANSPORTATION EQUIPMENT - 0.4%
PACCAR, Inc.		16,430		1,396,879
Westinghouse Air Brake Technologies Corp.		6,250		664,187
				2,061,066
WHOLESALE - CONSUMER STAPLES - 0.3%
Archer-Daniels-Midland Co.		5,880		443,470
Sysco Corp.		11,430		754,951
				1,198,421

Schedule of Portfolio Investments (Continued)

Praxis Value Index Fund

COMMON STOCKS - 98.4% (Continued)	Shares		Fair Value
WHOLESALE - DISCRETIONARY - 0.1%
LKQ Corp.		11,370	$	562,929
TOTAL COMMON STOCKS (COST $382,082,830)			$	452,914,554

CORPORATE NOTES - 0.8%	Coupon			Maturity	Principal Amount		Fair Value
COMMUNITY DEVELOPMENT - 0.8%
Calvert Impact Capital, Inc. (c)		3.000	%	12/15/23	$	720,000	$	713,733
Calvert Impact Capital, Inc. (c)		1.000	%	06/14/24		750,000		721,625
Calvert Impact Capital, Inc. (c)		3.000	%	06/17/24		280,000		273,049
Calvert Impact Capital, Inc. (c)		3.000	%	12/15/24		250,000		240,280
Calvert Impact Capital, Inc. (c)		2.500	%	06/13/25		280,000		262,493
Calvert Impact Capital, Inc. (c)		2.500	%	12/15/25		450,000		414,056
Calvert Impact Capital, Inc. (c)		4.000	%	06/15/28		350,000		316,722
Capital Impact Partners Investment (c)		4.800	%	12/15/23		450,000		448,993
Capital Impact Partners Investment (c)		5.750	%	06/15/24		350,000		349,720
TOTAL CORPORATE NOTES (COST $3,880,000)							$	3,740,671

MONEY MARKET FUNDS - 0.5%	Shares		Fair Value
First American Government Obligations Fund - Class X, 5.26% (d) (COST $2,385,367)		2,385,367	$	2,385,367

Schedule of Portfolio Investments (Continued)

Praxis Value Index Fund

INVESTMENT PURCHASED WITH THE CASH PROCEEDS FROM SECURITIES LENDING - 3.9%	Shares		Fair Value
Mount Vernon Liquid Assets Portfolio, LLC, 5.50% (d)(e) (COST $17,753,591)		17,753,591	$	17,753,591
TOTAL INVESTMENTS - (COST $406,101,788) - 103.6%			$	476,794,183
LIABILITIES IN EXCESS OF OTHER ASSETS - (3.6%)				(16,696,197	)
NET ASSETS - 100.0%			$	460,097,986

(a)	All or a portion of the security is on loan.  The total fair value of the securities on loan as of September 30, 2023 was $17,386,145.
(b)	Non-income producing security.
(c)	Illiquid securities are as follows:

	Acquisition Date	Current Cost		Fair Value		% of Net Assets
Calvert Impact Capital, Inc., 3.000%, 12/15/23	12/17/18	$	720,000	$	713,733		0.1	%
Calvert Impact Capital, Inc., 1.000%, 06/14/24	06/15/21		750,000		721,625		0.1	%
Calvert Impact Capital, Inc., 3.000%, 06/17/24	06/17/19		280,000		273,049		0.1	%
Calvert Impact Capital, Inc., 3.000%, 12/15/24	12/12/19		250,000		240,280		0.0	%(f)
Calvert Impact Capital, Inc., 2.500%, 06/13/25	06/12/20		280,000		262,493		0.1	%
Calvert Impact Capital, Inc., 2.500%, 12/15/25	12/15/20		450,000		414,056		0.1	%
Calvert Impact Capital, Inc., 4.000% 06/15/28	06/15/23		350,000		316,722		0.1	%
Capital Impact Partners Investment, 4.800%, 12/15/23	12/19/22		450,000		448,993		0.1	%
Capital Impact Partners Investment, 5.750%, 06/15/24	06/20/23		350,000		349,720		0.1	%
		$	3,880,000	$	3,740,671		0.8	%

(d)	The rate shown is the 7-day effective yield as of September 30, 2023.
(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

September 30, 2023 (Unaudited)

COMMON STOCKS - 98.7%	Shares		Fair Value
ADVERTISING & MARKETING - 0.1%
Interpublic Group of Cos., Inc. (The)		23,990	$	687,553
AEROSPACE & DEFENSE - 0.2%
Howmet Aerospace, Inc.		17,210		795,962
ASSET MANAGEMENT - 0.5%
Ameriprise Financial, Inc.		2,880		949,478
BlackRock, Inc.		923		596,710
Blackstone, Inc. (a)		4,320		462,845
Charles Schwab Corp. (The)		9,520		522,648
				2,531,681
AUTOMOTIVE - 3.0%
Tesla, Inc. (b)		60,280		15,083,262
BANKING - 0.4%
KeyCorp		34,530		371,543
Regions Financial Corp.		35,280		606,816
Truist Financial Corp.		35,280		1,009,361
				1,987,720
BEVERAGES - 2.2%
Coca-Cola Co. (The)		82,470		4,616,670
Keurig Dr Pepper, Inc.		16,600		524,062
PepsiCo, Inc.		35,420		6,001,565
				11,142,297
BIOTECH & PHARMA - 9.8%
AbbVie, Inc.		41,581		6,198,064
Amgen, Inc.		15,744		4,231,357
Biogen, Inc. (b)		2,020		519,160
Bristol-Myers Squibb Co.		63,056		3,659,770
Eli Lilly & Co.		21,650		11,628,865
Gilead Sciences, Inc.		36,000		2,697,840
Incyte Corp. (b)		8,270		477,758
Johnson & Johnson		36,528		5,689,236
Merck & Co., Inc.		67,391		6,937,904
Moderna, Inc. (b)		8,160		842,846
Regeneron Pharmaceuticals, Inc. (b)		3,671		3,021,086
Vertex Pharmaceuticals, Inc. (b)		8,324		2,894,588

Schedule of Portfolio Investments (Continued)

Praxis Growth Index Fund

COMMON STOCKS - 98.7% (Continued)	Shares		Fair Value
BIOTECH & PHARMA - 9.8% (Continued)
Zoetis, Inc. (a)		3,590	$	624,588
				49,423,062
CHEMICALS - 2.2%
Air Products & Chemicals, Inc.		8,000		2,267,200
CF Industries Holdings, Inc.		6,230		534,160
Linde plc		13,918		5,182,367
LyondellBasell Industries N.V. - Class A		34,580		3,274,726
				11,258,453
COMMERCIAL SUPPORT SERVICES - 0.4%
Cintas Corp.		900		432,909
Rollins, Inc.		14,180		529,340
Waste Management, Inc.		6,464		985,372
				1,947,621
CONTAINERS & PACKAGING - 0.1%
Amcor plc		55,690		510,120
DIVERSIFIED INDUSTRIALS - 0.2%
Illinois Tool Works, Inc.		5,274		1,214,655
E-COMMERCE DISCRETIONARY - 2.3%
Amazon.com, Inc. (b)		92,330		11,736,990
ELECTRIC UTILITIES - 0.4%
Alliant Energy Corp.		7,450		360,953
Eversource Energy		16,260		945,519
NextEra Energy, Inc.		5,814		333,084
Sempra		5,280		359,198
				1,998,754
ELECTRICAL EQUIPMENT - 1.0%
Amphenol Corp. - Class A		10,642		893,822
Johnson Controls International plc		7,170		381,516
Keysight Technologies, Inc. (b)		3,981		526,726
Otis Worldwide Corp.		4,950		397,534
Rockwell Automation, Inc.		5,278		1,508,822
TE Connectivity Ltd.		3,060		378,002
Trane Technologies plc		5,710		1,158,616
				5,245,038

Schedule of Portfolio Investments (Continued)

Praxis Growth Index Fund

COMMON STOCKS - 98.7% (Continued)	Shares		Fair Value
ENTERTAINMENT CONTENT - 0.3%
Activision Blizzard, Inc.		6,180	$	578,634
Electronic Arts, Inc.		3,415		411,166
Walt Disney Co. (The) (b)		5,103		413,598
				1,403,398
FOOD - 1.4%
Campbell Soup Co.		12,510		513,911
General Mills, Inc.		42,780		2,737,492
Hershey Co. (The)		3,180		636,254
Lamb Weston Holdings, Inc.		7,880		728,585
Mondelez International, Inc. - Class A		31,950		2,217,330
				6,833,572
GAS & WATER UTILITIES - 0.3%
American Water Works Co., Inc.		10,730		1,328,696
HEALTH CARE FACILITIES & SERVICES - 2.4%
Cardinal Health, Inc.		6,390		554,780
Cencora, Inc.		4,700		845,859
Cigna Group (The)		6,580		1,882,341
CVS Health Corp.		6,520		455,226
Elevance Health, Inc.		5,650		2,460,123
Henry Schein, Inc. (b)		13,020		966,735
Humana, Inc.		2,790		1,357,391
IQVIA Holdings, Inc. (b)		2,778		546,571
Laboratory Corp. of America Holdings		1,890		379,985
McKesson Corp.		5,580		2,426,463
Quest Diagnostics, Inc.		3,170		386,296
				12,261,770
HOUSEHOLD PRODUCTS - 1.2%
Church & Dwight Co., Inc.		9,850		902,556
Clorox Co. (The)		2,800		366,968
Colgate-Palmolive Co.		10,057		715,153
Procter & Gamble Co. (The)		28,600		4,171,596
				6,156,273
INDUSTRIAL SUPPORT SERVICES - 0.3%
W.W. Grainger, Inc.		2,530		1,750,355
INSTITUTIONAL FINANCIAL SERVICES - 0.4%
Intercontinental Exchange, Inc.		12,941		1,423,769

Schedule of Portfolio Investments (Continued)

Praxis Growth Index Fund

COMMON STOCKS - 98.7% (Continued)	Shares		Fair Value
INSTITUTIONAL FINANCIAL SERVICES - 0.4% (Continued)
Nasdaq, Inc.		8,490	$	412,529
				1,836,298
INSURANCE - 0.7%
Aon plc - Class A		1,260		408,517
Arch Capital Group Ltd. (b)		5,760		459,130
Marsh & McLennan Cos., Inc.		4,260		810,678
Progressive Corp. (The)		11,080		1,543,444
Travelers Cos., Inc. (The)		2,400		391,944
				3,613,713
INTERNET MEDIA & SERVICES - 7.3%
Alphabet, Inc. - Class A (b)		156,720		20,508,379
Alphabet, Inc. - Class C (b)		124,120		16,365,222
				36,873,601
LEISURE FACILITIES & SERVICES - 1.0%
Chipotle Mexican Grill, Inc. (b)		617		1,130,239
Hilton Worldwide Holdings, Inc.		5,110		767,420
Marriott International, Inc. - Class A		2,920		573,955
McDonald's Corp.		5,987		1,577,215
Starbucks Corp.		9,152		835,303
				4,884,132
LEISURE PRODUCTS - 0.6%
Hasbro, Inc.		45,540		3,012,016
MACHINERY - 0.7%
Deere & Co.		8,086		3,051,495
Xylem, Inc.		7,650		696,379
				3,747,874
MEDICAL EQUIPMENT & DEVICES - 4.8%
Abbott Laboratories		24,186		2,342,414
Agilent Technologies, Inc.		4,905		548,477
Baxter International, Inc.		9,940		375,136
Becton, Dickinson and Co.		2,750		710,958
Bio-Techne Corp.		10,430		709,970
Boston Scientific Corp. (b)		12,030		635,184
Cooper Cos., Inc. (The)		1,311		416,911
Danaher Corp.		17,684		4,387,400
DexCom, Inc. (b)		9,570		892,881

Schedule of Portfolio Investments (Continued)

Praxis Growth Index Fund

COMMON STOCKS - 98.7% (Continued)	Shares		Fair Value
MEDICAL EQUIPMENT & DEVICES - 4.8% (Continued)
Edwards Lifesciences Corp. (b)		9,550	$	661,624
IDEXX Laboratories, Inc. (a)(b)		1,700		743,359
Illumina, Inc. (b)		5,508		756,138
Intuitive Surgical, Inc. (b)		4,170		1,218,849
Medtronic plc		13,590		1,064,912
Mettler-Toledo International, Inc. (b)		1,300		1,440,491
ResMed, Inc.		4,380		647,671
Revvity, Inc.		7,880		872,316
Thermo Fisher Scientific, Inc.		10,265		5,195,835
Waters Corp. (b)		1,646		451,350
				24,071,876
OIL & GAS PRODUCERS - 4.6%
ConocoPhillips		91,320		10,940,136
ONEOK, Inc.		12,750		808,732
Pioneer Natural Resources Co.		37,050		8,504,828
Valero Energy Corp.		21,960		3,111,952
				23,365,648
OIL & GAS SERVICES & EQUIPMENT - 1.3%
Baker Hughes Co.		76,150		2,689,618
Schlumberger Ltd.		64,140		3,739,362
				6,428,980
REAL ESTATE SERVICES - 0.7%
CBRE Group, Inc. - Class A (b)		45,503		3,360,852
REITS - 1.3%
American Tower Corp.		8,562		1,408,021
Crown Castle, Inc.		9,259		852,106
Equinix, Inc.		2,277		1,653,694
Host Hotels & Resorts, Inc. (a)		46,150		741,630
Iron Mountain, Inc.		8,670		515,432
Prologis, Inc.		6,088		683,134
Public Storage		2,790		735,221
				6,589,238
RENEWABLE ENERGY - 0.2%
First Solar, Inc. (b)		4,200		678,678
SolarEdge Technologies, Inc. (a)(b)		4,540		587,975
				1,266,653

Schedule of Portfolio Investments (Continued)

Praxis Growth Index Fund

COMMON STOCKS - 98.7% (Continued)	Shares		Fair Value
RETAIL - CONSUMER STAPLES - 0.8%
Costco Wholesale Corp.		3,333	$	1,883,012
Dollar General Corp.		4,053		428,807
Dollar Tree, Inc. (b)		6,940		738,763
Walgreen Boots Alliance, Inc.		34,620		769,949
				3,820,531
RETAIL - DISCRETIONARY - 2.7%
AutoZone, Inc. (a)(b)		659		1,673,853
Home Depot, Inc. (The)		16,306		4,927,021
Lowe's Cos., Inc.		13,349		2,774,456
O'Reilly Automotive, Inc. (b)		1,810		1,645,037
TJX Cos., Inc. (The)		18,753		1,666,767
Tractor Supply Co. (a)		2,060		418,283
Ulta Beauty, Inc. (b)		1,070		427,411
				13,532,828
SEMICONDUCTORS - 9.0%
Advanced Micro Devices, Inc. (b)		16,796		1,726,965
Analog Devices, Inc.		4,584		802,613
Applied Materials, Inc.		22,816		3,158,875
Broadcom, Inc.		5,539		4,600,583
Lam Research Corp.		2,633		1,650,285
NVIDIA Corp.		62,256		27,080,737
NXP Semiconductors N.V.		2,220		443,822
ON Semiconductor Corp. (a)(b)		10,610		986,200
QUALCOMM, Inc.		27,400		3,043,044
Texas Instruments, Inc.		13,417		2,133,437
				45,626,561
SOFTWARE - 11.3%
Adobe, Inc. (b)		2,177		1,110,052
ANSYS, Inc. (b)		1,328		395,147
Cadence Design Systems, Inc. (b)		10,624		2,489,203
Fortinet, Inc. (b)		9,090		533,401
Intuit, Inc.		2,800		1,430,632
Microsoft Corp.		128,238		40,491,149
Oracle Corp.		37,870		4,011,190
Paycom Software, Inc.		1,910		495,206
PTC, Inc. (a)(b)		6,510		922,337
Roper Technologies, Inc.		780		377,738
ServiceNow, Inc. (b)		3,243		1,812,707

Schedule of Portfolio Investments (Continued)

Praxis Growth Index Fund

COMMON STOCKS - 98.7% (Continued)	Shares		Fair Value
SOFTWARE - 11.3% (Continued)
Synopsys, Inc. (b)		6,460	$	2,964,946
				57,033,708
SPECIALTY FINANCE - 0.1%
American Express Co.		2,440		364,024
STEEL - 0.1%
Nucor Corp.		3,250		508,137
TECHNOLOGY HARDWARE - 14.2%
Apple, Inc.		399,198		68,346,690
Arista Networks, Inc. (b)		7,440		1,368,439
Cisco Systems, Inc.		14,590		784,359
HP, Inc.		26,550		682,335
NetApp, Inc.		10,730		814,192
				71,996,015
TECHNOLOGY SERVICES - 6.5%
Accenture plc - Class A		17,989		5,524,602
Automatic Data Processing, Inc.		11,740		2,824,409
Broadridge Financial Solutions, Inc.		2,596		464,814
Fiserv, Inc. (b)		11,266		1,272,607
Mastercard, Inc. - Class A		22,916		9,072,674
Moody's Corp.		3,375		1,067,074
MSCI, Inc.		1,797		922,005
S&P Global, Inc.		2,494		911,332
Visa, Inc. - Class A (a)		46,423		10,677,754
				32,737,271
TRANSPORTATION & LOGISTICS - 1.4%
Alaska Air Group, Inc. (b)		17,600		652,608
CSX Corp.		22,471		690,983
Delta Air Lines, Inc.		11,420		422,540
Expeditors International of Washington, Inc.		4,770		546,785
J.B. Hunt Transport Services, Inc.		2,270		427,940
Old Dominion Freight Line, Inc.		2,950		1,206,963
Southwest Airlines Co.		17,240		466,687
Union Pacific Corp.		5,761		1,173,113
United Airlines Holdings, Inc. (b)		8,760		370,548
United Parcel Service, Inc. - Class B		7,445		1,160,452
				7,118,619

Schedule of Portfolio Investments (Continued)

Praxis Growth Index Fund

COMMON STOCKS - 98.7% (Continued)	Shares		Fair Value
WHOLESALE - CONSUMER STAPLES - 0.1%
Sysco Corp.		5,970	$	394,318
WHOLESALE - DISCRETIONARY - 0.2%
Copart, Inc. (b)		20,652		889,895
TOTAL COMMON STOCKS (COST $286,600,628)			$	498,370,020

CORPORATE NOTES - 0.9%	Coupon			Maturity	Principal Amount		Fair Value
COMMUNITY DEVELOPMENT - 0.9%
Calvert Impact Capital, Inc. (c)		3.000	%	12/15/23	$	200,000	$	198,259
Calvert Impact Capital, Inc. (c)		1.000	%	06/14/24		520,000		500,327
Calvert Impact Capital, Inc. (c)		3.000	%	06/17/24		550,000		536,346
Calvert Impact Capital, Inc. (c)		3.000	%	12/15/24		150,000		144,168
Calvert Impact Capital, Inc. (c)		2.500	%	06/13/25		670,000		628,110
Calvert Impact Capital, Inc. (c)		2.500	%	12/15/25		500,000		460,062
Calvert Impact Capital, Inc. (c)		3.000	%	12/15/23		200,000		198,259
Capital Impact Partners Investment (c)		4.000	%	06/15/28		750,000		678,690
Capital Impact Partners Investment (c)		5.750	%	06/15/24		750,000		749,399
TOTAL CORPORATE NOTES (COST $4,690,000)							$	4,494,018

MONEY MARKET FUNDS - 0.3%	Shares		Fair Value
First American Government Obligations Fund - Class X, 5.26% (d) (COST $1,783,677)		1,783,677	$	1,783,677

Schedule of Portfolio Investments (Continued)

Praxis Growth Index Fund

INVESTMENT PURCHASED WITH THE CASH PROCEEDS FROM SECURITIES LENDING - 3.1%	Shares		Fair Value
Mount Vernon Liquid Assets Portfolio, LLC, 5.50% (d)(e)      (COST $15,565,315)		15,565,315	$	15,565,315
TOTAL INVESTMENTS - (COST $308,639,620) - 103.0%			$	520,213,030
LIABILITIES IN EXCESS OF OTHER ASSETS - (3.0%)				(15,068,325	)
NET ASSETS - 100.0%			$	505,144,705

(a)	All or a portion of the security is on loan.  The total fair value of the securities on loan as of September 30, 2023 was $15,134,557.
(b)	Non-income producing security.
(c)	Illiquid securities are as follows:

	Acquisition Date	Current Cost		Fair Value		% of Net Assets
Calvert Impact Capital, Inc., 3.000%, 12/15/23	12/17/18	$	200,000	$	198,259		0.1	%
Calvert Impact Capital, Inc., 1.000%, 06/14/24	06/15/21		520,000		500,327		0.1	%
Calvert Impact Capital, Inc., 3.000%, 06/17/24	06/17/19		550,000		536,346		0.1	%
Calvert Impact Capital, Inc., 3.000%, 12/15/24	12/12/19		150,000		144,168		0.0	%(f)
Calvert Impact Capital, Inc., 2.500%, 06/13/25	06/12/20		670,000		628,110		0.1	%
Calvert Impact Capital, Inc., 2.500%, 12/15/25	12/15/20		500,000		460,062		0.1	%
Calvert Impact Capital, Inc., 4.000% 06/15/28	06/15/23		750,000		678,690		0.1	%
Capital Impact Partners Investment, 4.800%, 12/15/23	12/19/22		600,000		598,657		0.1	%
Capital Impact Partners Investment, 5.750%, 06/15/24	06/20/23		750,000		749,399		0.2	%
		$	4,690,000	$	4,494,018		0.9	%

(d)	The rate shown is the 7-day effective yield as of September 30, 2023.
(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

September 30, 2023 (Unaudited)

COMMON STOCKS - 98.6%	Shares		Fair Value
ADVERTISING & MARKETING - 0.1%
QuinStreet, Inc. (a)		15,700	$	140,829
AEROSPACE & DEFENSE - 0.1%
Barnes Group, Inc.		6,060		205,858
APPAREL & TEXTILE PRODUCTS - 1.0%
Hanesbrands, Inc.		51,000		201,960
Kontoor Brands, Inc. (b)		4,780		209,890
Movado Group, Inc.		6,810		186,254
Oxford Industries, Inc.		3,465		333,090
Steven Madden Ltd. (b)		11,935		379,175
Wolverine World Wide, Inc. (b)		19,270		155,316
				1,465,685
ASSET MANAGEMENT - 1.1%
Artisan Partners Asset Management, Inc. - Class A		6,080		227,514
Avantax, Inc. (a)		15,340		392,397
B. Riley Financial, Inc. (b)		3,850		157,811
BrightSphere Investment Group, Inc.		7,030		136,312
Kennedy-Wilson Holdings, Inc. (b)		21,830		321,774
Virtus Investment Partners, Inc.		920		185,831
WisdomTree, Inc.		21,350		149,450
				1,571,089
AUTOMOTIVE - 0.9%
American Axle & Manufacturing Holdings, Inc. (a)		25,710		186,655
Dana, Inc.		14,900		218,583
Dorman Products, Inc. (a)		2,970		225,007
Gentherm, Inc. (a)		4,670		253,394
Phinia Inc.		5,290		141,719
XPEL, Inc. (a)(b)		3,920		302,271
				1,327,629
BANKING - 8.4%
Ameris Bancorp		7,424		285,007
Atlantic Union Bankshares Corp.		7,690		221,318
Axos Financial, Inc. (a)(b)		8,590		325,217
Banc of California, Inc.		9,670		119,715
BancFirst Corp.		3,710		321,768
Bancorp, Inc. (The) (a)		10,190		351,555

Schedule of Portfolio Investments (Continued)

Praxis Small Cap Index Fund

COMMON STOCKS - 98.6% (Continued)	Shares		Fair Value
BANKING - 8.4% (Continued)
Bank of Hawaii Corp. (b)		5,430	$	269,817
BankUnited, Inc.		12,200		276,940
Banner Corp.		2,830		119,935
Berkshire Hills Bancorp, Inc.		7,000		140,350
Brookline Bancorp, Inc.		15,670		142,754
Capitol Federal Financial, Inc. (b)		21,140		100,838
Cathay General Bancorp		6,960		241,930
Central Pacific Financial Corp.		12,720		212,170
City Holding Co.		2,750		248,462
Community Bank System, Inc.		9,620		406,060
Customers Bancorp, Inc. (a)		10,660		367,237
CVB Financial Corp.		15,770		261,309
Dime Community Bancshares, Inc.		5,859		116,946
Eagle Bancorp, Inc.		4,960		106,392
FB Financial Corp.		7,386		209,467
First BanCorp.		38,970		524,536
First Bancorp/NC		5,760		162,086
First Financial Bancorp		14,970		293,412
First Hawaiian, Inc.		13,580		245,119
Fulton Financial Corp.		8,580		103,904
Hanmi Financial Corp.		9,870		160,190
Heritage Financial Corp.		8,470		138,146
Hope Bancorp, Inc.		13,410		118,678
Independent Bank Corp.		2,770		135,979
Independent Bank Group, Inc.		4,740		187,467
Lakeland Financial Corp.		3,090		146,651
National Bank Holdings Corp. - Class A		6,570		195,523
NBT Bancorp, Inc.		4,520		143,239
Northwest Bancshares, Inc.		21,190		216,774
OFG Bancorp		7,230		215,888
Pacific Premier Bancorp, Inc.		15,096		328,489
PacWest Bancorp		24,420		193,162
Park National Corp.		2,050		193,766
Pathward Financial, Inc.		6,750		311,107
Preferred Bank (b)		2,910		181,148
Provident Financial Services, Inc.		6,970		106,571
Renasant Corp.		5,600		146,664
Seacoast Banking Corp. of Florida		11,950		262,422

Schedule of Portfolio Investments (Continued)

Praxis Small Cap Index Fund

COMMON STOCKS - 98.6% (Continued)	Shares		Fair Value
BANKING - 8.4% (Continued)
ServisFirst Bancshares, Inc.		10,670	$	556,654
Simmons First National Corp. - Class A		20,420		346,323
SiriusPoint Ltd. (a)		10,500		106,785
Triumph Financial, Inc. (a)		5,040		326,542
Trustmark Corp.		12,050		261,847
United Community Banks, Inc. (b)		18,510		470,339
Veritex Holdings, Inc.		11,700		210,015
Washington Federal, Inc.		7,540		193,175
Westamerica BanCorp.		4,380		189,435
WSFS Financial Corp.		7,320		267,180
				12,484,403
BEVERAGES - 0.1%
National Beverage Corp. (a)		4,440		208,769
BIOTECH & PHARMA - 2.8%
Amphastar Pharmaceuticals, Inc. (a)		6,470		297,555
Ani Pharmaceuticals, Inc. (a)		1,780		103,347
Arcus Biosciences, Inc. (a)		10,060		180,577
Avid Bioservices, Inc. (a)		12,650		119,416
Catalyst Pharmaceutical, Inc. (a)		15,260		178,389
Certara, Inc. (a)(b)		12,320		179,133
Collegium Pharmaceutical, Inc. (a)(b)		4,870		108,845
Cytek Biosciences Inc (a)		16,020		88,430
Cytokinetics, Inc. (a)(b)		13,510		398,005
Dynavax Technologies Corp. (a)(b)		20,100		296,877
Harmony Biosciences Holdings, Inc. (a)(b)		4,600		150,742
Innoviva, Inc. (a)		11,970		155,490
Ironwood Pharmaceuticals, Inc. (a)		20,430		196,741
iTeos Therapeutics, Inc. (a)		9,220		100,959
Ligand Pharmaceuticals, Inc. (a)		2,760		165,379
Pacira BioSciences, Inc. (a)		8,940		274,279
Prestige Consumer Healthcare, Inc. (a)		6,630		379,170
REGENXBIO, Inc. (a)		11,450		188,467
Supernus Pharmaceuticals, Inc. (a)(b)		7,570		208,705
Vir Biotechnology, Inc. (a)		21,430		200,799
Xencor, Inc. (a)		8,400		169,260
				4,140,565

Schedule of Portfolio Investments (Continued)

Praxis Small Cap Index Fund

COMMON STOCKS - 98.6% (Continued)	Shares		Fair Value
CABLE & SATELLITE - 0.1%
DISH Network Corp. - Class A (a)(b)		34,500	$	202,170
CHEMICALS - 2.7%
AdvanSix, Inc.		3,580		111,267
Balchem Corp.		5,560		689,663
H.B. Fuller Co.		10,240		702,566
Ingevity Corp. (a)		4,120		196,153
Innospec, Inc.		4,330		442,526
Materion Corp.		5,040		513,626
Minerals Technologies, Inc.		3,580		196,041
Quaker Chemical Corp.		1,500		240,000
Rogers Corp. (a)(b)		3,610		474,607
Stepan Co.		1,400		104,958
WD-40 Co. (b)		1,810		367,864
				4,039,271
COMMERCIAL SUPPORT SERVICES - 2.8%
ABM Industries, Inc.		13,350		534,133
AMN Healthcare Services, Inc. (a)(b)		9,180		781,952
Brady Corp. - Class A		16,250		892,450
CorVel Corp. (a)		2,390		469,994
Cross Country Healthcare, Inc. (a)(b)		5,410		134,114
Enviri Corp. (a)		29,730		214,651
Healthcare Services Group, Inc.		12,090		126,099
Heidrick & Struggles International, Inc.		6,300		157,626
Korn Ferry		8,880		421,267
UniFirst Corp.		1,790		291,788
Viad Corp. (a)		5,500		144,100
				4,168,174
CONSUMER SERVICES - 1.0%
Adtalem Global Education, Inc. (a)		12,630		541,195
Medifast, Inc. (b)		1,780		133,233
Perdoceo Education Corp.		16,740		286,254
Strategic Education, Inc. (b)		2,550		191,887
Stride, Inc. (a)(b)		5,850		263,426
				1,415,995
CONTAINERS & PACKAGING - 0.1%
Myers Industries, Inc.		10,120		181,452

Schedule of Portfolio Investments (Continued)

Praxis Small Cap Index Fund

COMMON STOCKS - 98.6% (Continued)	Shares		Fair Value
ELECTRIC UTILITIES - 0.7%
Avista Corp.		16,020	$	518,567
Otter Tail Corp. (b)		5,850		444,132
Unitil Corp.		2,380		101,650
				1,064,349
ELECTRICAL EQUIPMENT - 2.9%
AAON, Inc.		16,545		940,914
Advanced Energy Industries, Inc. (b)		6,290		648,625
Alarm.com Holdings, Inc. (a)		7,330		448,156
Badger Meter, Inc.		6,300		906,381
Hayward Holdings Inc. (a)		7,570		106,737
Itron, Inc. (a)		2,170		131,459
OSI Systems, Inc. (a)		2,550		301,002
SPX Technologies, Inc. (a)		9,870		803,418
				4,286,692
ENGINEERING & CONSTRUCTION - 2.4%
Arcosa, Inc.		7,940		570,886
Comfort Systems USA, Inc.		5,320		906,581
Dycom Industries, Inc. (a)		4,400		391,600
Frontdoor, Inc. (a)		14,390		440,190
Granite Construction, Inc. (b)		7,530		286,291
Installed Building Products, Inc. (b)		3,410		425,875
MYR Group, Inc. (a)		2,470		332,857
NV5 Global, Inc. (a)		2,110		203,045
				3,557,325
ENTERTAINMENT CONTENT - 0.1%
AMC Networks, Inc. - Class A (a)		13,090		154,200
FOOD - 1.6%
B&G Foods, Inc. (b)		15,050		148,844
Cal-Maine Foods, Inc. (b)		5,360		259,531
Hain Celestial Group, Inc. (The) (a)		20,110		208,541
Hostess Brands, Inc. (a)		28,140		937,343
J & J Snack Foods Corp.		1,740		284,751
Simply Good Foods Co. (The) (a)(b)		3,290		113,571
TreeHouse Foods, Inc. (a)		9,670		421,419
				2,374,000
FORESTRY, PAPER & WOOD PRODUCTS - 0.6%
Boise Cascade Co.		7,010		722,311

Schedule of Portfolio Investments (Continued)

Praxis Small Cap Index Fund

COMMON STOCKS - 98.6% (Continued)	Shares		Fair Value
FORESTRY, PAPER & WOOD PRODUCTS - 0.6% (Continued)
Sylvamo Corp.		3,510	$	154,229
				876,540
GAS & WATER UTILITIES - 1.7%
American States Water Co.		7,190		565,709
California Water Service Group		15,720		743,713
Middlesex Water Co.		7,570		501,513
SJW Group		11,270		677,440
				2,488,375
HEALTH CARE FACILITIES & SERVICES - 2.3%
Addus HomeCare Corp. (a)		2,750		234,272
Agiliti, Inc. (a)		28,560		185,354
Enhabit, Inc. (a)		17,950		201,938
Ensign Group, Inc. (The)		8,010		744,369
Fortrea Holdings Inc. (a)(b)		3,910		111,787
Fulgent Genetics, Inc. (a)		6,100		163,114
ModivCare, Inc. (a)		4,460		140,535
NeoGenomics, Inc. (a)		17,840		219,432
Owens & Minor, Inc. (a)		12,410		200,546
Pediatrix Medical Group, Inc. (a)(b)		14,540		184,803
Premier, Inc. - Class A		5,270		113,305
RadNet, Inc. (a)		11,320		319,111
Select Medical Holdings Corp.		16,840		425,547
U.S. Physical Therapy, Inc. (b)		2,080		190,798
				3,434,911
HOME & OFFICE PRODUCTS - 0.7%
HNI Corp.		7,870		272,538
iRobot Corp. (a)		3,560		134,924
MillerKnoll, Inc.		10,390		254,036
Newell Brands, Inc.		37,100		335,013
				996,511
HOME CONSTRUCTION - 3.0%
American Woodmark Corp. (a)		1,460		110,391
Cavco Industries, Inc. (a)		1,950		518,037
Century Communities, Inc.		2,300		153,594
Green Brick Partners, Inc. (a)(b)		5,000		207,550
Griffon Corp.		3,880		153,920
Interface, Inc.		37,160		364,540

Schedule of Portfolio Investments (Continued)

Praxis Small Cap Index Fund

COMMON STOCKS - 98.6% (Continued)	Shares		Fair Value
HOME CONSTRUCTION - 3.0% (Continued)
LGI Homes, Inc. (a)(b)		3,980	$	395,970
M/I Homes, Inc. (a)		3,510		294,980
Masterbrand Inc. (a)		15,020		182,493
MDC Holdings, Inc.		10,555		435,183
Meritage Homes Corp.		6,110		747,803
Patrick Industries, Inc.		2,420		181,645
PGT Innovations, Inc. (a)		9,950		276,112
TRI Pointe Homes, Inc. (a)		14,490		396,301
				4,418,519
HOUSEHOLD PRODUCTS - 0.5%
Central Garden & Pet Co. (a)		3,630		160,228
Edgewell Personal Care Co. (b)		3,180		117,533
Nu Skin Enterprises, Inc. - Class A		7,900		167,559
Quanex Building Products Corp. (b)		11,930		336,068
				781,388
INDUSTRIAL INTERMEDIATE PRODUCTS - 1.4%
EnPro Industries, Inc.		3,620		438,708
Gibraltar Industries, Inc. (a)		5,860		395,608
Insteel Industries, Inc.		3,950		128,217
Mueller Industries, Inc. (b)		8,500		638,860
Proto Labs, Inc. (a)(b)		4,540		119,856
Standex International Corp.		2,030		295,751
				2,017,000
INDUSTRIAL SUPPORT SERVICES - 1.0%
Applied Industrial Technologies, Inc.		6,700		1,035,887
DXP Enterprises, Inc. (a)		5,460		190,772
Resideo Technologies, Inc. (a)		18,410		290,878
				1,517,537
INSTITUTIONAL FINANCIAL SERVICES - 0.8%
Moelis & Co. - Class A		7,690		347,050
Piper Sandler Cos.		3,730		542,006
StoneX Group, Inc. (a)		2,410		233,577
				1,122,633
INSURANCE - 3.7%
Ambac Financial Group, Inc. (a)		10,910		131,574
American Equity Investment Life Holding Co.		12,720		682,301
Assured Guaranty Ltd.		7,980		482,949
Employers Holdings, Inc.		3,240		129,438

Schedule of Portfolio Investments (Continued)

Praxis Small Cap Index Fund

COMMON STOCKS - 98.6% (Continued)	Shares		Fair Value
INSURANCE - 3.7% (Continued)
Genworth Financial, Inc. - Class A (a)		116,460	$	682,456
Goosehead Insurance, Inc. - Class A (a)(b)		3,070		228,807
Horace Mann Educators Corp.		5,960		175,105
Jackson Financial, Inc. - Class A		8,980		343,216
James River Group Holdings Ltd.		11,360		174,376
Lincoln National Corp.		22,240		549,106
Mercury General Corp.		4,640		130,059
NMI Holdings, Inc. - Class A (a)		14,340		388,471
Palomar Holdings, Inc. (a)		3,850		195,387
ProAssurance Corp.		14,110		266,538
Radian Group, Inc.		20,170		506,469
Safety Insurance Group, Inc.		1,630		111,150
Trupanion, Inc. (a)(b)		6,280		177,096
United Fire Group, Inc.		5,650		111,587
				5,466,085
INTERNET MEDIA & SERVICES - 1.0%
CarGurus, Inc. (a)		11,260		197,275
Cars.com, Inc. (a)		16,270		274,312
Shutterstock, Inc. (b)		3,610		137,361
TechTarget, Inc. (a)		4,120		125,083
TripAdvisor, Inc. (a)		14,320		237,426
Yelp, Inc. (a)		11,460		476,621
				1,448,078
LEISURE FACILITIES & SERVICES - 2.2%
Bloomin' Brands, Inc. (b)		18,470		454,177
Brinker International, Inc. (a)		7,800		246,402
Cheesecake Factory, Inc. (The)		7,530		228,159
Chuy's Holdings, Inc. (a)(b)		6,950		247,281
Cinemark Holdings, Inc. (a)		16,910		310,298
Cracker Barrel Old Country Store, Inc. (b)		4,680		314,496
Dave & Buster's Entertainment, Inc. (a)		5,970		221,308
Dine Brands Global, Inc. (b)		3,280		162,196
Jack in the Box, Inc.		2,970		205,108
Papa John's International, Inc.		3,850		262,647
Shake Shack, Inc. - Class A (a)		5,180		300,803
Six Flags Entertainment Corp. (a)		10,490		246,620
				3,199,495

Schedule of Portfolio Investments (Continued)

Praxis Small Cap Index Fund

COMMON STOCKS - 98.6% (Continued)	Shares		Fair Value
LEISURE PRODUCTS - 0.5%
LCI Industries (b)		4,750	$	557,745
Winnebago Industries, Inc. (b)		3,720		221,154
				778,899
MACHINERY - 3.4%
Alamo Group, Inc.		1,800		311,148
Astec Industries, Inc.		4,830		227,541
CIRCOR International, Inc. (a)		9,130		508,997
Enerpac Tool Group Corp.		19,940		527,014
ESCO Technologies, Inc.		2,890		301,832
Federal Signal Corp.		4,750		283,718
Franklin Electric Co., Inc.		6,300		562,149
Hillenbrand, Inc.		7,280		308,017
Ichor Holdings Ltd. (a)		8,140		252,014
John Bean Technologies Corp.		5,325		559,871
Lindsay Corp.		3,140		369,515
Stellar Bancorp, Inc.		8,879		189,300
Tennant Co.		2,040		151,266
Titan International, Inc. (a)(b)		33,750		453,263
				5,005,645
MEDICAL EQUIPMENT & DEVICES - 2.8%
Artivion, Inc. (a)		7,320		110,971
Avanos Medical, Inc. (a)		8,170		165,197
BioLife Solutions, Inc. (a)(b)		15,770		217,784
CONMED Corp.		3,920		395,332
Embecta Corp.		6,860		103,243
Glaukos Corp. (a)		7,100		534,275
Integer Holdings Corp. (a)		4,160		326,269
LeMaitre Vascular, Inc.		5,530		301,274
Merit Medical Systems, Inc. (a)		10,140		699,863
Myriad Genetics, Inc. (a)		13,280		213,011
Omnicell, Inc. (a)		2,090		94,134
OraSure Technologies, Inc. (a)		28,300		167,819
STAAR Surgical Co. (a)		8,010		321,842
Tandem Diabetes Care, Inc. (a)		9,020		187,345
Varex Imaging Corp. (a)		8,210		154,266
Vericel Corp. (a)		6,960		233,299
				4,225,924

Schedule of Portfolio Investments (Continued)

Praxis Small Cap Index Fund

COMMON STOCKS - 98.6% (Continued)	Shares		Fair Value
METALS & MINING - 1.3%
Compass Minerals International, Inc.		3,830	$	107,049
Encore Wire Corp. (b)		3,620		660,505
Haynes International, Inc.		4,750		220,970
Kaiser Aluminum Corp.		2,420		182,129
Livent Corp. (a)(b)		25,290		465,589
SunCoke Energy, Inc.		30,440		308,966
				1,945,208
OIL & GAS PRODUCERS - 1.9%
Core Laboratories, Inc. (b)		42,210		1,013,462
CVR Energy, Inc.		18,480		628,874
SM Energy Co. (b)		22,970		910,761
Talos Energy, Inc. (a)		20,310		333,896
				2,886,993
OIL & GAS SERVICES & EQUIPMENT - 1.3%
Bristow Group, Inc. (a)		34,382		968,541
Helmerich & Payne, Inc.		20,440		861,750
U.S. Silica Holdings, Inc. (a)		9,200		129,168
				1,959,459
PUBLISHING & BROADCASTING - 0.3%
John Wiley & Sons, Inc. - Class A		7,180		266,881
Scholastic Corp.		4,200		160,188
				427,069
REAL ESTATE OWNERS & DEVELOPERS - 0.1%
St. Joe Co. (The)		2,610		141,801
REAL ESTATE SERVICES - 0.5%
Anywhere Real Estate, Inc. (a)		32,900		211,547
Cushman & Wakefield plc (a)		17,860		136,093
eXp World Holdings, Inc. (b)		9,950		161,588
Marcus & Millichap, Inc.		6,930		203,326
				712,554
REITS - 6.9%
Acadia Realty Trust		10,440		149,814
Alexander & Baldwin, Inc.		13,880		232,212
American Assets Trust, Inc.		5,770		112,227
Apple Hospitality REIT, Inc. (b)		26,940		413,260
Armada Hoffler Properties, Inc.		12,440		127,386
Brandywine Realty Trust		50,190		227,863

Schedule of Portfolio Investments (Continued)

Praxis Small Cap Index Fund

COMMON STOCKS - 98.6% (Continued)	Shares		Fair Value
REITS - 6.9% (Continued)
CareTrust REIT, Inc. (b)		12,440	$	255,020
Chatham Lodging Trust		14,320		137,042
Community Healthcare Trust, Inc.		4,290		127,413
DiamondRock Hospitality Co. (b)		28,340		227,570
Douglas Emmett, Inc. (b)		25,910		330,612
Easterly Government Properties, Inc.		9,670		110,528
Elme Communities		7,590		103,528
Essential Properties Realty Trust, Inc. (b)		18,920		409,240
Four Corners Property Trust, Inc.		8,360		185,508
Franklin BSP Realty Trust, Inc.		21,422		283,627
Getty Realty Corp.		4,160		115,357
Global Net Lease, Inc. (b)		26,490		254,569
Hannon Armstrong Sustainable Infrastructure Capital, Inc. (b)		11,130		235,956
Highwoods Properties, Inc.		13,520		278,647
Hudson Pacific Properties, Inc. (b)		23,360		155,344
Innovative Industrial Properties, Inc. (b)		4,430		335,174
JBG SMITH Properties (b)		11,590		167,591
LTC Properties, Inc.		3,650		117,275
LXP Industrial Trust		32,120		285,868
Macerich Co. (The)		33,280		363,085
NexPoint Residential Trust, Inc.		6,700		215,606
Outfront Media, Inc. (b)		24,990		252,399
Pebblebrook Hotel Trust (b)		16,060		218,255
Phillips Edison & Co., Inc. (b)		13,700		459,498
Retail Opportunity Investments Corp.		14,970		185,329
RPT Realty		19,470		205,603
Safehold, Inc. (b)		9,118		162,300
Saul Centers, Inc. (b)		3,420		120,623
Service Properties Trust (b)		28,860		221,933
SITE Centers Corp.		25,140		309,976
SL Green Realty Corp. (b)		17,480		652,004
Summit Hotel Properties, Inc.		23,710		137,518
Sunstone Hotel Investors, Inc.		12,360		115,566
Tanger Factory Outlet Centers, Inc. (b)		16,810		379,906
Uniti Group, Inc.		35,680		168,410

Schedule of Portfolio Investments (Continued)

Praxis Small Cap Index Fund

COMMON STOCKS - 98.6% (Continued)	Shares		Fair Value
REITS - 6.9% (Continued)
Urban Edge Properties (b)		13,970	$	213,182
Veris Residential, Inc.		13,500		222,750
Xenia Hotel & Resorts, Inc. (b)		18,240		214,867
				10,197,441
RENEWABLE ENERGY - 0.3%
Green Plains, Inc. (a)(b)		7,060		212,506
SunPower Corp. (a)(b)		28,580		176,339
				388,845
RETAIL - CONSUMER STAPLES - 0.4%
PriceSmart, Inc.		2,650		197,240
SpartanNash Co.		18,290		402,380
				599,620
RETAIL - DISCRETIONARY - 6.3%
Abercrombie & Fitch Co. - Class A (a)		13,550		763,813
Academy Sports & Outdoors, Inc. (b)		16,030		757,738
Advance Auto Parts, Inc.		6,200		346,766
American Eagle Outfitters, Inc.		24,760		411,264
America's Car-Mart, Inc. (a)(b)		1,540		140,125
Asbury Automotive Group, Inc. (a)(b)		3,100		713,217
Boot Barn Holdings, Inc. (a)		4,560		370,226
Buckle, Inc. (The) (b)		5,380		179,638
Caleres, Inc. (b)		10,210		293,640
Chico's FAS, Inc. (a)(b)		40,780		305,034
Ethan Allen Interiors, Inc. (b)		12,700		379,730
Foot Locker, Inc. (b)		12,600		218,610
GMS, Inc. (a)		7,050		450,988
Group 1 Automotive, Inc. (b)		3,050		819,566
Guess?, Inc. (b)		9,260		200,386
Hibbett, Inc. (b)		5,140		244,201
La-Z-Boy, Inc. (b)		6,970		215,234
MarineMax, Inc. (a)(b)		4,440		145,721
Mister Car Wash, Inc. (a)(b)		23,690		130,532
Monro, Inc. (b)		5,420		150,513
National Vision Holdings, Inc. (a)(b)		13,350		216,003
ODP Corp. (The) (a)(b)		7,677		354,294
Sally Beauty Holdings, Inc. (a)(b)		15,060		126,203
Shoe Carnival, Inc.		9,820		235,975
Signet Jewelers Ltd.		5,740		412,189

Schedule of Portfolio Investments (Continued)

Praxis Small Cap Index Fund

COMMON STOCKS - 98.6% (Continued)	Shares		Fair Value
RETAIL - DISCRETIONARY - 6.3% (Continued)
Sleep Number Corp. (a)		5,410	$	133,032
Sonic Automotive, Inc. - Class A (b)		2,100		100,296
Urban Outfitters, Inc. (a)		10,750		351,418
Victoria's Secret & Co. (a)		8,400		140,112
				9,306,464
SEMICONDUCTORS - 4.2%
Axcelis Technologies, Inc. (a)		5,580		909,819
CEVA, Inc. (a)		9,810		190,216
Cohu, Inc. (a)		7,270		250,379
CTS Corp.		6,010		250,857
Diodes, Inc. (a)		6,230		491,173
FormFactor, Inc. (a)		11,450		400,063
Kulicke & Soffa Industries, Inc. (b)		9,850		479,005
MaxLinear, Inc. (a)		8,610		191,572
Onto Innovation, Inc. (a)		8,127		1,036,355
Photronics, Inc. (a)		16,690		337,305
Rambus, Inc. (a)		16,495		920,256
Semtech Corp. (a)(b)		4,490		115,618
SiTime Corp. (a)(b)		1,000		114,250
SMART Global Holdings, Inc. (a)		4,650		113,228
Ultra Clean Holdings, Inc. (a)(b)		7,450		221,042
Veeco Instruments, Inc. (a)		8,620		242,308
				6,263,446
SOFTWARE - 4.0%
Adeia, Inc.		14,711		157,114
Agilysys, Inc. (a)		6,190		409,530
Apollo Medical Holdings, Inc. (a)		6,870		211,940
Avid Technology, Inc. (a)		9,070		243,711
Cerence, Inc. (a)		6,920		140,960
Digi International, Inc. (a)		11,930		322,110
Digital Turbine, Inc. (a)(b)		32,740		198,077
Donnelley Financial Solutions, Inc. (a)		6,550		368,634
DoubleVerify Holdings, Inc. (a)		15,840		442,728
Ebix, Inc. (b)		15,700		155,116
NextGen Healthcare, Inc. (a)		13,380		317,507
PDF Solutions, Inc. (a)		9,190		297,756
Privia Health Group, Inc. (a)		9,310		214,130
Progress Software Corp.		6,410		337,038

Schedule of Portfolio Investments (Continued)

Praxis Small Cap Index Fund

COMMON STOCKS - 98.6% (Continued)	Shares		Fair Value
SOFTWARE - 4.0% (Continued)
Schrodinger, Inc. (a)		6,200	$	175,274
Simulations Plus, Inc.		4,350		181,395
SPS Commerce, Inc. (a)		5,620		958,828
Veradigm, Inc. (a)		13,450		176,733
Verra Mobility Corp. (a)(b)		24,480		457,776
Xperi, Inc. (a)		14,004		138,080
				5,904,437
SPECIALTY FINANCE - 3.3%
Apollo Commercial Real Estate Finance, Inc.		20,490		207,564
Arbor Realty Trust, Inc. (b)		24,230		367,811
ARMOUR Residential REIT, Inc. (a)(b)		33,710		143,267
Blackstone Mortgage Trust, Inc. - Class A (b)		25,030		544,402
Bread Financial Holdings, Inc. (b)		3,590		122,778
Deluxe Corp.		6,430		121,463
Ellington Financial, Inc. (b)		15,050		187,673
Encore Capital Group, Inc. (a)		3,150		150,444
Enova International, Inc. (a)		7,260		369,316
Invesco Mortgage Capital, Inc.		11,176		111,872
KKR Real Estate Finance Trust, Inc.		13,750		163,213
Mr. Cooper Group, Inc. (a)		12,710		680,748
Navient Corp.		6,380		109,864
New York Mortgage Trust, Inc.		22,582		191,721
PennyMac Mortgage Investment Trust		14,450		179,180
PRA Group, Inc. (a)		6,530		125,441
Ready Capital Corp. (b)		19,700		199,167
Redwood Trust, Inc. (b)		19,810		141,245
Stewart Information Services Corp.		2,460		107,748
Two Harbors Investment Corp. (b)		10,280		136,107
Walker & Dunlop, Inc. (b)		4,340		322,202
World Acceptance Corp. (a)		1,310		166,449
				4,849,675
STEEL - 1.1%
ATI, Inc. (a)		21,650		890,897
Carpenter Technology Corp.		6,590		442,914
TimkenSteel Corp. (a)		17,280		375,322
				1,709,133
TECHNOLOGY HARDWARE - 4.3%
3D Systems Corp. (a)		37,770		185,451

Schedule of Portfolio Investments (Continued)

Praxis Small Cap Index Fund

COMMON STOCKS - 98.6% (Continued)	Shares		Fair Value
TECHNOLOGY HARDWARE - 4.3% (Continued)
A10 Networks, Inc.		15,220	$	228,757
ADTRAN Holdings, Inc.		13,980		115,055
Arlo Technologies, Inc. (a)		33,990		350,097
Benchmark Electronics, Inc.		8,080		196,021
Clearfield, Inc. (a)		3,590		102,889
Extreme Networks, Inc. (a)		29,990		726,058
Fabrinet (a)		6,420		1,069,700
Harmonic, Inc. (a)(b)		29,630		285,337
InterDigital, Inc. (b)		6,470		519,153
Knowles Corp. (a)		18,120		268,357
NetScout Systems, Inc. (a)		7,500		210,150
Pitney Bowes, Inc.		38,260		115,545
Plexus Corp. (a)		4,900		455,602
Sanmina Corp. (a)		13,090		710,525
Sonos, Inc. (a)		8,600		111,026
TTM Technologies, Inc. (a)		28,760		370,429
Viavi Solutions, Inc. (a)		24,360		222,650
Xerox Holdings Corp.		7,040		110,458
				6,353,260
TECHNOLOGY SERVICES - 2.0%
CSG Systems International, Inc.		3,400		173,808
EVERTEC, Inc.		10,810		401,916
Green Dot Corp. - Class A (a)		12,290		171,200
Insight Enterprises, Inc. (a)(b)		6,620		963,210
LiveRamp Holdings, Inc. (a)		10,470		301,955
Payoneer Global, Inc. (a)		34,870		213,056
Perficient, Inc. (a)		4,700		271,942
Sabre Corp. (a)		54,990		246,905
TTEC Holdings, Inc.		7,670		201,107
				2,945,099
TELECOMMUNICATIONS - 0.5%
Cogent Communications Holdings, Inc.		5,100		315,690
Gogo, Inc. (a)		12,910		154,016
Lumen Technologies, Inc. (a)(b)		92,910		131,932
Telephone and Data Systems, Inc.		6,380		116,818
				718,456
TRANSPORTATION & LOGISTICS - 2.5%
Allegiant Travel Co.		2,520		193,687

Schedule of Portfolio Investments (Continued)

Praxis Small Cap Index Fund

COMMON STOCKS - 98.6% (Continued)	Shares		Fair Value
TRANSPORTATION & LOGISTICS - 2.5% (Continued)
ArcBest Corp. (b)		6,890	$	700,368
Forward Air Corp.		4,570		314,142
Hub Group, Inc. - Class A (a)		9,370		735,920
Marten Transport Ltd.		18,180		358,328
Matson, Inc.		6,440		571,357
RXO, Inc. (a)		6,260		123,510
SkyWest, Inc. (a)		10,660		447,080
Sun Country Airlines Holdings, Inc. (a)		14,580		216,367
				3,660,759
TRANSPORTATION EQUIPMENT - 0.5%
Greenbrier Cos., Inc. (The)		6,020		240,800
Trinity Industries, Inc.		8,880		216,228
Wabash National Corp. (b)		15,190		320,813
				777,841
WHOLESALE - CONSUMER STAPLES - 0.9%
Andersons, Inc. (The)		20,960		1,079,649
Chefs' Warehouse, Inc. (The) (a)		3,960		83,873
United Natural Foods, Inc. (a)		9,370		132,492
				1,296,014
WHOLESALE - DISCRETIONARY - 1.5%
ePlus, Inc. (a)		4,560		289,651
G-III Apparel Group Ltd. (a)		9,060		225,775
Leslie's, Inc. (a)(b)		23,260		131,652
OPENLANE, Inc. (a)		12,030		179,488
ScanSource, Inc. (a)		23,700		718,347
Veritiv Corp.		3,640		614,796
				2,159,709
TOTAL COMMON STOCKS (COST $116,431,640)			$	145,969,278

RIGHTS - 0.0% (c)	Shares		Fair Value
MEDICAL EQUIPMENT & DEVICES - 0.0% (c)
OmniAb, Inc. (a)(d)(e) (Cost $0)		2,092	$	1,455

Schedule of Portfolio Investments (Continued)

Praxis Small Cap Index Fund

CORPORATE NOTES - 0.9%	Coupon			Maturity	Principal Amount		Fair Value
COMMUNITY DEVELOPMENT - 0.9%
Calvert Impact Capital, Inc. (d)		3.000	%	12/15/23	$	330,000	$	327,127
Calvert Impact Capital, Inc. (d)		1.000	%	06/14/24		100,000		96,217
Calvert Impact Capital, Inc. (d)		3.000	%	06/17/24		60,000		58,510
Calvert Impact Capital, Inc. (d)		3.000	%	12/15/24		90,000		86,501
Calvert Impact Capital, Inc. (d)		2.500	%	06/13/25		150,000		140,622
Calvert Impact Capital, Inc. (d)		2.500	%	12/15/25		280,000		257,635
Calvert Impact Capital, Inc. (d)		4.000	%	06/15/28		180,000		162,886
Capital Impact Partners Investment (d)		5.750	%	06/15/24		180,000		179,856
TOTAL CORPORATE NOTES (COST $1,370,000)							$	1,309,354

MONEY MARKET FUNDS - 0.6%	Shares		Fair Value
First American Government Obligations Fund -    Class X, 5.26% (f) (COST $931,753)		931,753	$	931,753

Schedule of Portfolio Investments (Continued)

Praxis Small Cap Index Fund

INVESTMENT PURCHASED WITH THE CASH PROCEEDS FROM SECURITIES LENDING - 21.9%	Shares		Fair Value
Mount Vernon Liquid Assets Portfolio, LLC, 5.50% (f)(g) (COST $32,447,814)		32,447,814	$	32,447,814
TOTAL INVESTMENTS - (COST $151,181,207) - 122.0%			$	180,659,654
LIABILITIES IN EXCESS OF OTHER ASSETS - (22.0%)				(32,660,391	)
NET ASSETS - 100.0%			$	147,999,263

(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 September 30, 2023 was $30,709,018.
(c)	Percentage rounds to less than 0.1%.
(d)	Illiquid securities are as follows:

	Acquisition Date	Current Cost		Fair Value		% of Net Assets
Calvert Impact Capital, Inc., 3.000%, 12/15/23	12/17/18	$	330,000	$	327,127		0.2	%
Calvert Impact Capital, Inc., 1.000%, 06/14/24	06/15/21		100,000		96,217		0.1	%
Calvert Impact Capital, Inc., 3.000%, 06/17/24	06/17/19		60,000		58,510		0.0	%(c)
Calvert Impact Capital, Inc., 3.000%, 12/15/24	12/12/19		90,000		86,501		0.1	%
Calvert Impact Capital, Inc., 2.500%, 06/13/25	06/12/20		150,000		140,622		0.1	%
Calvert Impact Capital, Inc., 2.500%, 12/15/25	12/15/20		280,000		257,635		0.2	%
Calvert Impact Capital, Inc., 4.000% 06/15/28	06/15/23		180,000		162,886		0.1	%
Capital Impact Partners Investment, 5.750%, 06/15/24	06/20/23		180,000		179,856		0.1	%
OmniAb, Inc.	11/02/22		-		1,455		0.0	%(c)
		$	1,370,000	$	1,310,809		0.9	%

(e)	Security value has been determined in good faith pursuant to procedures adopted by the Board of Trustees. The total value of such securities was $1,455 as of September 30,2023, representing 0.0% (c) of net assets.
(f)	The rate shown is the 7-day effective yield as of September 30, 2023.
(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

September 30, 2023 (Unaudited)

AFFILIATED MUTUAL FUNDS - 100.0%	Shares		Fair Value
DEBT FUND - 69.9%
Praxis Impact Bond Fund - Class I		1,862,695	$	16,559,362
EQUITY FUND - 30.1%
Praxis Growth Index Fund - Class I		64,365		2,227,668
Praxis International Index Fund - Class I		183,092		2,122,037
Praxis Small Cap Index Fund - Class I		60,414		591,454
Praxis Value Index Fund - Class I		136,260		2,191,068
				7,132,227
TOTAL AFFILIATED MUTUAL FUNDS (Cost $22,679,192)			$	23,691,589

MONEY MARKET FUNDS - 0.0% (a)	Shares		Fair Value
First American Government Obligations Fund - Class X, 5.26% (b) (COST $6,380)		6,380	$	6,380
TOTAL INVESTMENTS - (COST $22,685,572) - 100.0%			$	23,697,969
LIABILITIES IN EXCESS OF OTHER ASSETS - (0.0%) (a)				(6,378	)
NET ASSETS - 100.0%			$	23,691,591

(a)	Percentage rounds to less than 0.1%.
(b)	The rate shown is the 7-day effective yield as of September 30, 2023.

Schedule of Portfolio Investments

Praxis Genesis Balanced Portfolio

September 30, 2023 (Unaudited)

AFFILIATED MUTUAL FUNDS - 100.0%	Shares		Fair Value
DEBT FUND - 39.9%
Praxis Impact Bond Fund - Class I		3,762,518	$	33,448,789
EQUITY FUND - 60.1%
Praxis Growth Index Fund - Class I		393,779		13,628,682
Praxis International Index Fund - Class I		1,290,798		14,960,354
Praxis Small Cap Index Fund - Class I		852,756		8,348,484
Praxis Value Index Fund - Class I		833,747		13,406,653
				50,344,173
TOTAL AFFILIATED MUTUAL FUNDS (Cost $68,442,482)			$	83,792,962

MONEY MARKET FUNDS - 0.0% (a)	Shares		Fair Value
First American Government Obligations Fund - Class X, 5.26% (b) (COST $1,308)		1,308	$	1,308
TOTAL INVESTMENTS - (COST $68,443,790) - 100.0%			$	83,794,270
LIABILITIES IN EXCESS OF OTHER ASSETS - (0.0%) (a)				(34,008	)
NET ASSETS - 100.0%			$	83,760,262

(a)	Percentage rounds to less than 0.1%.
(b)	The rate shown is the 7-day effective yield as of September 30, 2023.

Schedule of Portfolio Investments

Praxis Genesis Growth Portfolio

September 30, 2023 (Unaudited)

AFFILIATED MUTUAL FUNDS - 100.0%	Shares		Fair Value
DEBT FUND - 19.9%
Praxis Impact Bond Fund - Class I		2,100,988	$	18,677,785
EQUITY FUND - 80.1%
Praxis Growth Index Fund - Class I		563,570		19,505,141
Praxis International Index Fund - Class I		1,920,041		22,253,275
Praxis Small Cap Index Fund - Class I		1,429,373		13,993,561
Praxis Value Index Fund - Class I		1,193,553		19,192,337
				74,944,314
TOTAL AFFILIATED MUTUAL FUNDS (Cost $71,223,235)			$	93,622,099

MONEY MARKET FUNDS - 0.0% (a)	Shares		Fair Value
First American Government Obligations Fund - Class X, 5.26% (b) (COST $934)		934	$	934
TOTAL INVESTMENTS - (COST $71,224,169) - 100.0%			$	93,623,033
LIABILITIES IN EXCESS OF OTHER ASSETS - (0.0%) (a)				(35,705	)
NET ASSETS - 100.0%			$	93,587,328

(a)	Percentage rounds to less than 0.1%.
(b)	The rate shown is the 7-day effective yield as of September 30, 2023.