Schedule of Portfolio Investments | ||||||||||||||||
Praxis Impact Bond Fund | ||||||||||||||||
March 31, 2021 (Unaudited) | ||||||||||||||||
MUNICIPAL BONDS - 1.3% | 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 | $ | 1,250,620 | |||||||||
City of San Francisco, California, Public Utilities Comm. Water Rev., Series 2019-A | 3.303 | % | 11/01/39 | 2,500,000 | 2,643,091 | |||||||||||
Findlay City School District, Series 2010-B | 6.250 | % | 12/01/37 | 270,000 | 270,950 | |||||||||||
Houston, Texas, Independent School District, Series 2009A-2 | 6.168 | % | 02/15/34 | 1,000,000 | 1,003,356 | |||||||||||
Massachusetts St., Series 2016-F | 3.277 | % | 06/01/46 | 3,100,000 | 3,327,757 | |||||||||||
New Jersey St. Housing & Mortgage Finance, Series 2013-C | 2.600 | % | 07/01/23 | 140,000 | 142,701 | |||||||||||
Osceola County Housing Finance Authority Rev., Series 2013-B | 3.350 | % | 07/01/23 | 105,000 | 110,857 | |||||||||||
St. Paul, Minnesota, Housing & Redevelopment Authority Rev., Series 2015-B | 2.993 | % | 07/01/21 | 1,250,000 | 1,255,536 | |||||||||||
TOTAL MUNICIPAL BONDS (COST $9,763,498) | $ | 10,004,868 | ||||||||||||||
CORPORATE BONDS - 36.4% | Coupon | Maturity | Principal Amount | Fair Value | ||||||||||||
APPAREL & TEXTILE PRODUCTS - 0.1% | ||||||||||||||||
Hanesbrands, Inc. (a) | 4.625 | % | 05/15/24 | $ | 500,000 | $ | 530,453 | |||||||||
VF Corp. | 2.400 | % | 04/23/25 | 536,000 | 558,588 | |||||||||||
1,089,041 | ||||||||||||||||
ASSET MANAGEMENT - 0.1% | ||||||||||||||||
Ameriprise Financial, Inc. | 3.000 | % | 04/02/25 | 730,000 | 776,405 | |||||||||||
AUTOMOTIVE - 0.7% | ||||||||||||||||
BMW US Capital, LLC (a) | 3.800 | % | 04/06/23 | 1,000,000 | 1,063,258 | |||||||||||
BorgWarner, Inc. | 2.650 | % | 07/01/27 | 601,000 | 623,704 | |||||||||||
Hyundai Capital Services, Inc. (a) | 1.250 | % | 02/08/26 | 200,000 | 194,957 | |||||||||||
Magna International, Inc. | 2.450 | % | 06/15/30 | 1,250,000 | 1,251,205 | |||||||||||
Toyota Motor Credit Corp., Series B | 2.900 | % | 03/30/23 | 1,735,000 | 1,820,162 | |||||||||||
4,953,286 |
Schedule of Portfolio Investments (Continued) | ||||||||||||||||
Praxis Impact Bond Fund | ||||||||||||||||
CORPORATE BONDS - 36.4% (Continued) | Coupon | Maturity | Principal Amount | Fair Value | ||||||||||||
BANKING - 4.8% | ||||||||||||||||
Axis Bank/Dubai Ltd. (a) | 2.875 | % | 06/01/21 | $ | 500,000 | $ | 501,350 | |||||||||
Bank of America Corp. | 3.499 | % | 05/17/22 | 1,000,000 | 1,003,724 | |||||||||||
Bank of America Corp. | 3.300 | % | 01/11/23 | 500,000 | 525,266 | |||||||||||
Bank of America Corp. | 3.335 | % | 01/25/23 | 1,000,000 | 1,023,914 | |||||||||||
Bank of America Corp. | 4.100 | % | 07/24/23 | 1,000,000 | 1,080,255 | |||||||||||
Bank of America Corp. (b) | 0.981 | % | 09/25/25 | 1,500,000 | 1,495,964 | |||||||||||
Bank of America Corp. (b) | 2.456 | % | 10/22/25 | 1,000,000 | 1,048,365 | |||||||||||
Bank of America Corp. (c) | 4.271 | % | 07/23/29 | 1,000,000 | 1,123,672 | |||||||||||
Bank of Montreal (b) | 3.300 | % | 02/05/24 | 1,000,000 | 1,071,326 | |||||||||||
Citigroup, Inc. | 3.875 | % | 10/25/23 | 1,000,000 | 1,082,079 | |||||||||||
Citigroup, Inc. (c) | 1.678 | % | 05/15/24 | 1,250,000 | 1,274,857 | |||||||||||
Citigroup, Inc. | 3.700 | % | 01/12/26 | 1,750,000 | 1,921,247 | |||||||||||
Citigroup, Inc. (b) (c) | 2.572 | % | 06/03/30 | 1,000,000 | 998,495 | |||||||||||
ING Groep N.V. (a) | 4.625 | % | 01/06/26 | 1,250,000 | 1,416,287 | |||||||||||
JPMorgan Chase & Co. | 0.653 | % | 09/16/24 | 1,000,000 | 1,001,897 | |||||||||||
JPMorgan Chase & Co. | 0.563 | % | 02/16/25 | 500,000 | 496,245 | |||||||||||
JPMorgan Chase & Co. (b) | 3.200 | % | 06/15/26 | 2,557,000 | 2,762,991 | |||||||||||
JPMorgan Chase & Co. | 2.739 | % | 10/15/30 | 2,000,000 | 2,025,824 | |||||||||||
Key Bank, N.A. | 1.250 | % | 03/10/23 | 1,750,000 | 1,777,054 | |||||||||||
Mitsubishi UFJ Financial Group | 2.527 | % | 09/13/23 | 1,250,000 | 1,306,787 | |||||||||||
National Australia Bank, New York Branch | 3.625 | % | 06/20/23 | 1,750,000 | 1,870,942 | |||||||||||
National Bank of Canada (a) | 2.150 | % | 10/07/22 | 1,250,000 | 1,281,170 | |||||||||||
PNC Bank N.A. | 3.500 | % | 06/08/23 | 1,285,000 | 1,365,363 | |||||||||||
Regions Financial Corp. (b) | 2.250 | % | 05/18/25 | 1,000,000 | 1,037,263 | |||||||||||
Sumitomo Mitsui Financial Group, Inc. (b) | 0.508 | % | 01/12/24 | 2,000,000 | 1,990,407 | |||||||||||
Toronto-Dominion Bank (c) | 0.497 | % | 09/28/23 | 2,000,000 | 2,008,057 | |||||||||||
Truist Financial Corp. | 1.250 | % | 03/09/23 | 1,750,000 | 1,779,000 | |||||||||||
36,269,801 | ||||||||||||||||
BEVERAGES - 0.5% | ||||||||||||||||
Coca-Cola Co. (The) | 3.450 | % | 03/25/30 | 500,000 | 550,416 | |||||||||||
Coca-Cola Femsa S.A.B. de C.V. | 1.850 | % | 09/01/32 | 1,000,000 | 913,900 | |||||||||||
PepsiCo, Inc. (b) | 2.250 | % | 03/19/25 | 2,000,000 | 2,105,372 | |||||||||||
3,569,688 | ||||||||||||||||
BIOTECH & PHARMA - 0.5% | ||||||||||||||||
AbbVie, Inc. | 2.950 | % | 11/21/26 | 500,000 | 532,357 | |||||||||||
Gilead Sciences, Inc. | 3.650 | % | 03/01/26 | 750,000 | 824,361 |
Schedule of Portfolio Investments (Continued) | ||||||||||||||||
Praxis Impact Bond Fund | ||||||||||||||||
CORPORATE BONDS - 36.4% (Continued) | Coupon | Maturity | Principal Amount | Fair Value | ||||||||||||
BIOTECH & PHARMA - 0.5% (Continued) | ||||||||||||||||
Zeneca Wilmington, Inc. | 7.000 | % | 11/15/23 | $ | 1,100,000 | $ | 1,275,788 | |||||||||
Zoetis, Inc. | 3.250 | % | 02/01/23 | 1,200,000 | 1,250,522 | |||||||||||
3,883,028 | ||||||||||||||||
CABLE & SATELLITE - 0.2% | ||||||||||||||||
Comcast Corp. | 3.300 | % | 04/01/27 | 500,000 | 544,823 | |||||||||||
Comcast Corp. | 4.750 | % | 03/01/44 | 500,000 | 612,923 | |||||||||||
Time Warner Cable, Inc. | 4.500 | % | 09/15/42 | 500,000 | 533,126 | |||||||||||
1,690,872 | ||||||||||||||||
CHEMICALS - 1.2% | ||||||||||||||||
Avery Dennison Corp. | 2.650 | % | 04/30/30 | 1,250,000 | 1,256,034 | |||||||||||
DowDuPont, Inc. | 4.493 | % | 11/15/25 | 1,500,000 | 1,694,563 | |||||||||||
Ecolab, Inc. | 4.800 | % | 03/24/30 | 140,000 | 167,363 | |||||||||||
Ecolab, Inc. | 5.500 | % | 12/08/41 | 250,000 | 325,574 | |||||||||||
Ecolab, Inc. | 3.950 | % | 12/01/47 | 1,220,000 | 1,366,493 | |||||||||||
LG Chemical Ltd. (a) | 3.250 | % | 10/15/24 | 290,000 | 313,919 | |||||||||||
NOVA Chemicals Corp. (a) | 5.250 | % | 08/01/23 | 500,000 | 503,125 | |||||||||||
Nutrien Ltd. | 1.900 | % | 05/13/23 | 800,000 | 820,435 | |||||||||||
Nutrien Ltd. | 5.875 | % | 12/01/36 | 840,000 | 1,097,673 | |||||||||||
Solvay Finance S.A. (a) | 4.450 | % | 12/03/25 | 1,250,000 | 1,401,326 | |||||||||||
8,946,505 | ||||||||||||||||
CONSTRUCTION MATERIALS - 0.4% | ||||||||||||||||
Carlisle Cos., Inc. | 3.500 | % | 12/01/24 | 1,250,000 | 1,354,952 | |||||||||||
Owens Corning | 4.200 | % | 12/01/24 | 1,000,000 | 1,103,585 | |||||||||||
Owens Corning | 3.950 | % | 08/15/29 | 300,000 | 329,927 | |||||||||||
2,788,464 | ||||||||||||||||
CONSUMER SERVICES - 1.9% | ||||||||||||||||
Andrew W. Mellon Funding | 0.947 | % | 08/01/27 | 1,050,000 | 1,021,350 | |||||||||||
Conservation Fund, Series 2019 | 3.474 | % | 12/15/29 | 535,000 | 557,556 | |||||||||||
Ford Foundation (The), Series 2017 | 3.859 | % | 06/01/47 | 2,485,000 | 2,806,786 | |||||||||||
John D. & Catherine T. MacArthur Foundation, Series 2020 | 1.299 | % | 12/01/30 | 1,500,000 | 1,365,244 | |||||||||||
Local Initiatives Support Corp. | 4.649 | % | 03/01/37 | 1,500,000 | 1,685,280 | |||||||||||
Massachusetts Institute of Technology | 3.959 | % | 07/01/38 | 1,500,000 | 1,744,735 | |||||||||||
President & Fellows of Harvard College | 3.150 | % | 07/15/46 | 2,961,000 | 3,165,398 | |||||||||||
University of Notre Dame, Series 2017 | 3.394 | % | 02/15/48 | 2,000,000 | 2,172,988 | |||||||||||
14,519,337 |
Schedule of Portfolio Investments (Continued) | ||||||||||||||||
Praxis Impact Bond Fund | ||||||||||||||||
CORPORATE BONDS - 36.4% (Continued) | Coupon | Maturity | Principal Amount | Fair Value | ||||||||||||
CONTAINERS & PACKAGING - 0.4% | ||||||||||||||||
CCL Industries, Inc. (a) | 3.050 | % | 06/01/30 | $ | 1,750,000 | $ | 1,771,293 | |||||||||
Sonoco Products Co. | 5.750 | % | 11/01/40 | 1,000,000 | 1,230,723 | |||||||||||
3,002,016 | ||||||||||||||||
DIVERSIFIED INDUSTRIALS - 0.2% | ||||||||||||||||
Illinois Tool Works, Inc. | 3.900 | % | 09/01/42 | 1,000,000 | 1,133,054 | |||||||||||
ELECTRIC UTILITIES - 5.0% | ||||||||||||||||
Avangrid, Inc. | 3.150 | % | 12/01/24 | 1,800,000 | 1,934,324 | |||||||||||
Caledonia Generating, LLC (a) | 1.950 | % | 02/28/22 | 112,314 | 113,185 | |||||||||||
Consolidated Edison Co. | 3.350 | % | 04/01/30 | 1,000,000 | 1,068,815 | |||||||||||
DTE Electric Co. | 4.050 | % | 05/15/48 | 1,750,000 | 1,976,603 | |||||||||||
Duke Energy, LLC (b) | 3.450 | % | 03/15/29 | 1,750,000 | 1,901,039 | |||||||||||
Electricite de France S.A. (a) | 3.625 | % | 10/13/25 | 1,250,000 | 1,357,559 | |||||||||||
Enel Finance International N.V. (a) | 2.650 | % | 09/10/24 | 1,250,000 | 1,314,727 | |||||||||||
Florida Power & Light Co. | 3.700 | % | 12/01/47 | 1,300,000 | 1,408,873 | |||||||||||
Georgia Power Co. | 3.250 | % | 04/01/26 | 1,000,000 | 1,080,571 | |||||||||||
Interstate Power & Light Co. | 3.600 | % | 04/01/29 | 1,250,000 | 1,362,564 | |||||||||||
Liberty Utilities Financial Services (a) | 2.050 | % | 09/15/30 | 355,000 | 332,357 | |||||||||||
MidAmerican Energy Co. | 3.950 | % | 08/01/47 | 1,750,000 | 1,937,651 | |||||||||||
Midland Cogeneration Venture, L.P. (a) | 5.250 | % | 03/15/25 | 111,603 | 111,937 | |||||||||||
Midland Cogeneration Venture, L.P. (a) | 6.000 | % | 03/15/25 | 295,441 | 306,377 | |||||||||||
Narragansett Electric Co. (a) | 3.395 | % | 04/09/30 | 1,500,000 | 1,594,375 | |||||||||||
National Rural Utilities | 1.350 | % | 03/15/31 | 1,000,000 | 900,038 | |||||||||||
NextEra Energy Capital Holdings, Inc. | 0.650 | % | 03/01/23 | 400,000 | 401,366 | |||||||||||
Niagara Mohawk Power Corp. (a) | 1.960 | % | 06/27/30 | 1,500,000 | 1,432,531 | |||||||||||
Northern States Power Co. | 2.900 | % | 03/01/50 | 1,250,000 | 1,190,060 | |||||||||||
NSTAR Electric Co. | 3.950 | % | 04/01/30 | 600,000 | 673,777 | |||||||||||
NSTAR Electric Co. | 5.500 | % | 03/15/40 | 1,250,000 | 1,616,933 | |||||||||||
Pacificorp | 8.080 | % | 10/14/22 | 500,000 | 550,795 | |||||||||||
Potomac Electric Power Co. | 6.500 | % | 11/15/37 | 1,000,000 | 1,400,800 | |||||||||||
Public Service Colorado | 3.700 | % | 06/15/28 | 1,750,000 | �� | 1,930,559 | ||||||||||
Puget Energy, Inc. | 5.625 | % | 07/15/22 | 750,000 | 788,897 | |||||||||||
Puget Sound Energy, Inc. | 4.223 | % | 06/15/48 | 1,000,000 | 1,117,313 | |||||||||||
Rochester Gas & Electric Corp. (a) | 1.850 | % | 12/01/30 | 500,000 | 469,570 | |||||||||||
San Diego Gas and Electric Co. | 4.500 | % | 08/15/40 | 841,000 | 973,786 | |||||||||||
Solar Star Funding, LLC (a) | 3.950 | % | 06/30/35 | 279,346 | 286,740 |
Schedule of Portfolio Investments (Continued) | ||||||||||||||||
Praxis Impact Bond Fund | ||||||||||||||||
CORPORATE BONDS - 36.4% (Continued) | Coupon | Maturity | Principal Amount | Fair Value | ||||||||||||
ELECTRIC UTILITIES - 5.0% (Continued) | ||||||||||||||||
Solar Star Funding, LLC (a) | 5.375 | % | 06/30/35 | $ | 430,467 | $ | 481,675 | |||||||||
Southern California Edison | 4.050 | % | 03/15/42 | 1,165,000 | 1,206,221 | |||||||||||
Tenaska Virginia Partners, L.P. (a) | 6.119 | % | 03/30/24 | 438,900 | 466,811 | |||||||||||
Topaz Solar Farms, LLC (a) | 4.875 | % | 09/30/39 | 250,396 | 271,910 | |||||||||||
Topaz Solar Farms, LLC (a) | 5.750 | % | 09/30/39 | 591,713 | 675,100 | |||||||||||
Union Electric Co. | 2.625 | % | 03/15/51 | 2,000,000 | 1,762,952 | |||||||||||
Westar Energy, Inc. | 2.550 | % | 07/01/26 | 1,292,000 | 1,353,133 | |||||||||||
37,751,924 | ||||||||||||||||
ELECTRICAL EQUIPMENT - 0.3% | ||||||||||||||||
Johnson Controls International plc | 3.750 | % | 12/01/21 | 14,000 | 14,140 | |||||||||||
Johnson Controls International plc (b) | 1.750 | % | 09/15/30 | 1,000,000 | 937,158 | |||||||||||
Legrand S.A. | 8.500 | % | 02/15/25 | 1,000,000 | 1,263,922 | |||||||||||
Roper Technologies, Inc. | 2.000 | % | 06/30/30 | 440,000 | 418,737 | |||||||||||
2,633,957 | ||||||||||||||||
FOOD - 1.5% | ||||||||||||||||
Campbell Soup Co. (b) | 3.950 | % | 03/15/25 | 1,500,000 | 1,647,905 | |||||||||||
Cargill, Inc. (a) | 4.760 | % | 11/23/45 | 1,500,000 | 1,813,500 | |||||||||||
General Mills, Inc. | 4.000 | % | 04/17/25 | 1,500,000 | 1,657,970 | |||||||||||
Hormel Foods Corp. | 1.800 | % | 06/11/30 | 2,250,000 | 2,159,582 | |||||||||||
Ingredion, Inc. | 2.900 | % | 06/01/30 | 1,000,000 | 1,021,572 | |||||||||||
Kellogg Co. | 2.650 | % | 12/01/23 | 1,250,000 | 1,313,069 | |||||||||||
Mars, Inc. (a) | 3.600 | % | 04/01/34 | 1,500,000 | 1,641,265 | |||||||||||
11,254,863 | ||||||||||||||||
FORESTRY, PAPER & WOOD PRODUCTS - 0.2% | ||||||||||||||||
Fibria Overseas Finance Ltd. | 5.500 | % | 01/17/27 | 800,000 | 912,008 | |||||||||||
Klabin Finance S.A. (a) | 4.875 | % | 09/19/27 | 750,000 | 819,375 | |||||||||||
1,731,383 | ||||||||||||||||
GAS & WATER UTILITIES - 0.4% | ||||||||||||||||
American Water Capital Corp. | 2.800 | % | 05/01/30 | 1,500,000 | 1,541,588 | |||||||||||
Brooklyn Union Gas Co. (a) | 4.504 | % | 03/10/46 | 1,250,000 | 1,414,329 | |||||||||||
Indiana Gas Co., Inc. | 6.550 | % | 06/30/28 | 250,000 | 305,236 | |||||||||||
3,261,153 | ||||||||||||||||
HEALTH CARE FACILITIES & SERVICES - 0.2% | ||||||||||||||||
Kaiser Foundation Hospital | 3.150 | % | 05/01/27 | 1,500,000 | 1,635,791 |
Schedule of Portfolio Investments (Continued) | ||||||||||||||||
Praxis Impact Bond Fund | ||||||||||||||||
CORPORATE BONDS - 36.4% (Continued) | Coupon | Maturity | Principal Amount | Fair Value | ||||||||||||
HOME & OFFICE PRODUCTS - 0.2% | ||||||||||||||||
Steelcase, Inc. | 5.125 | % | 01/18/29 | $ | 1,000,000 | $ | 1,165,614 | |||||||||
HOME CONSTRUCTION - 0.2% | ||||||||||||||||
NVR, Inc. | 3.950 | % | 09/15/22 | 500,000 | 518,536 | |||||||||||
NVR, Inc. | 3.000 | % | 05/15/30 | 1,000,000 | 1,025,652 | |||||||||||
1,544,188 | ||||||||||||||||
INSTITUTIONAL FINANCIAL SERVICES - 1.8% | ||||||||||||||||
Bank of New York Mellon Corp. (The) | 3.400 | % | 05/15/24 | 650,000 | 703,497 | |||||||||||
Bank of New York Mellon Corp. (The), Perpetual Bond (c) | 3.659 | % | 12/29/49 | 1,000,000 | 999,783 | |||||||||||
Brookfield Finance, Inc. | 4.250 | % | 06/02/26 | 1,570,000 | 1,767,616 | |||||||||||
Goldman Sachs Group, Inc. | 3.272 | % | 09/29/25 | 1,500,000 | 1,609,130 | |||||||||||
Goldman Sachs Group, Inc. (c) | 4.223 | % | 05/01/29 | 1,000,000 | 1,117,823 | |||||||||||
Goldman Sachs Group, Inc. | 3.800 | % | 03/15/30 | 1,500,000 | 1,651,032 | |||||||||||
Morgan Stanley (b) | 3.125 | % | 07/27/26 | 2,000,000 | 2,154,020 | |||||||||||
Morgan Stanley, Series GMTN (b) | 2.699 | % | 01/22/31 | 1,250,000 | 1,271,026 | |||||||||||
National Securities Clearing Corp. (a) | 1.500 | % | 04/23/25 | 1,000,000 | 1,009,843 | |||||||||||
State Street Corp. | 7.350 | % | 06/15/26 | 1,000,000 | 1,269,606 | |||||||||||
13,553,376 | ||||||||||||||||
INSURANCE - 3.8% | ||||||||||||||||
Aflac, Inc. | 4.000 | % | 10/15/46 | 1,058,000 | 1,146,408 | |||||||||||
Athene Global Funding (a) | 2.800 | % | 05/26/23 | 1,500,000 | 1,564,691 | |||||||||||
Five Corners Funding Trust (a) | 4.419 | % | 11/15/23 | 1,000,000 | 1,096,817 | |||||||||||
Horace Mann Educators Corp. | 4.500 | % | 12/01/25 | 1,235,000 | 1,343,597 | |||||||||||
Jackson National Life Global Funding (a) (b) | 3.300 | % | 06/11/21 | 1,250,000 | 1,257,037 | |||||||||||
Kemper Corp. | 4.350 | % | 02/15/25 | 1,250,000 | 1,358,880 | |||||||||||
Marsh & McLennan Cos., Inc. | 3.750 | % | 03/14/26 | 1,000,000 | 1,102,065 | |||||||||||
Massachusetts Mutual Life Insurance Co. (a) | 3.375 | % | 04/15/50 | 1,500,000 | 1,462,475 | |||||||||||
Met Life Global Funding I (a) | 1.950 | % | 01/13/23 | 500,000 | 513,507 | |||||||||||
Met Life Global Funding I (a) | 3.600 | % | 01/11/24 | 1,750,000 | 1,887,033 | |||||||||||
New York Life Global Funding (a) | 2.900 | % | 01/17/24 | 3,000,000 | 3,188,801 | |||||||||||
OneBeacon US Holdings, Inc. | 4.600 | % | 11/09/22 | 1,000,000 | 1,055,455 | |||||||||||
Pacific Life Global Funding II (a) | 1.200 | % | 06/24/25 | 415,000 | 413,170 | |||||||||||
Principal Financial Group, Inc. | 3.700 | % | 05/15/29 | 1,250,000 | 1,367,953 | |||||||||||
Prudential Financial, Inc. | 1.500 | % | 03/10/26 | 644,000 | 649,443 |
Schedule of Portfolio Investments (Continued) | ||||||||||||||||
Praxis Impact Bond Fund | ||||||||||||||||
CORPORATE BONDS - 36.4% (Continued) | Coupon | Maturity | Principal Amount | Fair Value | ||||||||||||
INSURANCE - 3.8% (Continued) | ||||||||||||||||
Prudential Financial, Inc. (3MO LIBOR + 417.5) (c) | 5.875 | % | 09/15/42 | $ | 750,000 | $ | 791,879 | |||||||||
Prudential plc | 3.125 | % | 04/14/30 | 750,000 | 790,557 | |||||||||||
Reliance STD Life Insurance Co. (a) | 2.750 | % | 05/07/25 | 1,280,000 | 1,343,309 | |||||||||||
RLI Corp. | 4.875 | % | 09/15/23 | 1,000,000 | 1,088,444 | |||||||||||
Sammons Financial Group, Inc. (a) | 4.450 | % | 05/12/27 | 1,200,000 | 1,271,660 | |||||||||||
StanCorp Financial Group, Inc. | 5.000 | % | 08/15/22 | 1,250,000 | 1,324,578 | |||||||||||
Teachers Insurance & Annuity Association (a) (c) | 4.375 | % | 09/15/54 | 2,678,000 | 2,839,829 | |||||||||||
28,857,588 | ||||||||||||||||
INTERNET MEDIA & SERVICES - 0.1% | ||||||||||||||||
Alphabet, Inc. (b) | 0.450 | % | 08/15/25 | 890,000 | 874,744 | |||||||||||
LEISURE FACILITIES & SERVICES - 0.5% | ||||||||||||||||
Hyatt Hotels Corp. | 3.375 | % | 07/15/23 | 1,000,000 | 1,045,473 | |||||||||||
Marriott International, Inc. | 3.600 | % | 04/15/24 | 727,000 | 773,503 | |||||||||||
McDonald's Corp., Series MTN (b) | 3.500 | % | 07/01/27 | 1,000,000 | 1,099,129 | |||||||||||
Starbucks Corp. | 2.450 | % | 06/15/26 | 1,000,000 | 1,046,707 | |||||||||||
3,964,812 | ||||||||||||||||
MACHINERY - 0.6% | ||||||||||||||||
Ingersoll-Rand Global Holding Co. Ltd. | 6.391 | % | 11/15/27 | 655,000 | 790,910 | |||||||||||
John Deere Capital Corp. | 1.750 | % | 03/09/27 | 250,000 | 252,331 | |||||||||||
John Deere Capital Corp. | 3.050 | % | 01/06/28 | 1,250,000 | 1,338,594 | |||||||||||
Xylem, Inc. | 1.950 | % | 01/30/28 | 1,775,000 | 1,770,719 | |||||||||||
4,152,554 | ||||||||||||||||
MEDICAL EQUIPMENT & DEVICES - 0.3% | ||||||||||||||||
Agilent Technologies, Inc. | 3.875 | % | 07/15/23 | 1,250,000 | 1,332,142 | |||||||||||
Alcon Finance Corp. (a) | 2.600 | % | 05/27/30 | 1,250,000 | 1,252,568 | |||||||||||
2,584,710 | ||||||||||||||||
PERSONAL PRODUCTS - 0.1% | ||||||||||||||||
Estée Lauder Cos., Inc. (The) | 2.600 | % | 04/15/30 | 1,000,000 | 1,029,645 | |||||||||||
PIPELINES - 0.3% | ||||||||||||||||
Northern Natural Gas Co. (a) | 4.100 | % | 09/15/42 | 1,000,000 | 1,050,470 | |||||||||||
ONEOK Partners, L.P. | 4.900 | % | 03/15/25 | 1,042,000 | 1,157,053 | |||||||||||
2,207,523 |
Schedule of Portfolio Investments (Continued) | ||||||||||||||||
Praxis Impact Bond Fund | ||||||||||||||||
CORPORATE BONDS - 36.4% (Continued) | Coupon | Maturity | Principal Amount | Fair Value | ||||||||||||
REITS - 1.9% | ||||||||||||||||
Agree Ltd. Partnership | 2.900 | % | 10/01/30 | $ | 650,000 | $ | 654,196 | |||||||||
Boston Properties, L.P. | 4.500 | % | 12/01/28 | 1,250,000 | 1,414,895 | |||||||||||
Camden Property Trust | 2.800 | % | 05/15/30 | 500,000 | 512,552 | |||||||||||
Duke Realty Trust, L.P. | 2.875 | % | 11/15/29 | 1,500,000 | 1,538,326 | |||||||||||
ERP Operating, L.P. | 4.150 | % | 12/01/28 | 1,250,000 | 1,404,064 | |||||||||||
ESSEX Portfolio, L.P. | 2.650 | % | 03/15/32 | 1,500,000 | 1,474,647 | |||||||||||
Federal Realty Investment Trust | 1.250 | % | 02/15/26 | 515,000 | 508,291 | |||||||||||
Kilroy Realty Corp. | 2.500 | % | 11/15/32 | 1,750,000 | 1,642,025 | |||||||||||
Lexington Realty Trust | 2.700 | % | 09/15/30 | 500,000 | 487,680 | |||||||||||
Mid-America Apartment Communities, Inc. | 3.950 | % | 03/15/29 | 1,750,000 | 1,929,990 | |||||||||||
Regency Centers, L.P. | 3.750 | % | 06/15/24 | 1,000,000 | 1,072,798 | |||||||||||
UDR, Inc. | 1.900 | % | 03/15/33 | 1,000,000 | 900,757 | |||||||||||
Vornado Realty, L.P. | 3.500 | % | 01/15/25 | 567,000 | 597,467 | |||||||||||
14,137,688 | ||||||||||||||||
RETAIL - CONSUMER STAPLES - 0.3% | ||||||||||||||||
Kroger Co. (The) | 5.000 | % | 04/15/42 | 1,000,000 | 1,204,350 | |||||||||||
Target Corp. (b) | 2.250 | % | 04/15/25 | 1,000,000 | 1,047,331 | |||||||||||
2,251,681 | ||||||||||||||||
RETAIL - DISCRETIONARY - 0.6% | ||||||||||||||||
ERAC USA Finance, LLC (a) | 2.700 | % | 11/01/23 | 1,250,000 | 1,311,474 | |||||||||||
Lowe's Cos., Inc. | 4.650 | % | 04/15/42 | 1,000,000 | 1,181,361 | |||||||||||
Lowe's Cos., Inc. | 3.000 | % | 10/15/50 | 500,000 | 464,192 | |||||||||||
Macy's Retail Holdings, Inc. | 9.500 | % | 04/15/21 | 45,000 | 45,081 | |||||||||||
TJX Cos., Inc. (The) | 3.500 | % | 04/15/25 | 1,250,000 | 1,362,172 | |||||||||||
4,364,280 | ||||||||||||||||
SEMICONDUCTORS - 0.5% | ||||||||||||||||
Intel Corp. | 3.400 | % | 03/25/25 | 300,000 | 326,352 | |||||||||||
Intel Corp. | 3.734 | % | 12/08/47 | 1,361,000 | 1,461,720 | |||||||||||
Maxim Integrated Products, Inc. | 3.375 | % | 03/15/23 | 500,000 | 523,531 | |||||||||||
NVIDIA Corp. (b) | 2.850 | % | 04/01/30 | 500,000 | 524,738 | |||||||||||
Texas Instruments, Inc. (b) | 1.375 | % | 03/12/25 | 1,000,000 | 1,017,081 | |||||||||||
3,853,422 | ||||||||||||||||
SOFTWARE - 0.5% | ||||||||||||||||
Microsoft Corp. (b) | 2.525 | % | 06/01/50 | 4,000,000 | 3,642,719 |
Schedule of Portfolio Investments (Continued) | ||||||||||||||||
Praxis Impact Bond Fund | ||||||||||||||||
CORPORATE BONDS - 36.4% (Continued) | Coupon | Maturity | Principal Amount | Fair Value | ||||||||||||
SPECIALTY FINANCE - 1.4% | ||||||||||||||||
AerCap Ireland Capital Ltd. | 5.000 | % | 10/01/21 | $ | 1,000,000 | $ | 1,021,582 | |||||||||
American Express Credit Corp. (b) | 3.000 | % | 10/30/24 | 1,000,000 | 1,073,361 | |||||||||||
BlueHub Loan Fund, Inc. | 3.099 | % | 01/01/30 | 1,030,000 | 977,511 | |||||||||||
Community Preservation Corp. (The) | 2.867 | % | 02/01/30 | 1,750,000 | 1,733,017 | |||||||||||
Fidelity National Financial, Inc. | 5.500 | % | 09/01/22 | 725,000 | 774,082 | |||||||||||
Fidelity National Financial, Inc. | 3.400 | % | 06/15/30 | 500,000 | 521,504 | |||||||||||
GATX Corp. | 4.350 | % | 02/15/24 | 300,000 | 328,476 | |||||||||||
Low Income Investment Fund | 3.386 | % | 07/01/26 | 115,000 | 121,844 | |||||||||||
USAA Capital Corp. (a) | 1.500 | % | 05/01/23 | 1,000,000 | 1,021,553 | |||||||||||
USAA Capital Corp. (a) | 2.125 | % | 05/01/30 | 3,000,000 | 2,942,152 | |||||||||||
10,515,082 | ||||||||||||||||
STEEL - 0.4% | ||||||||||||||||
Nucor Corp. | 4.125 | % | 09/15/22 | 1,025,000 | 1,068,294 | |||||||||||
Nucor Corp. | 2.000 | % | 06/01/25 | 460,000 | 471,735 | |||||||||||
Reliance Steel & Aluminum Co. | 4.500 | % | 04/15/23 | 1,105,000 | 1,178,425 | |||||||||||
2,718,454 | ||||||||||||||||
TECHNOLOGY HARDWARE - 0.7% | ||||||||||||||||
Apple, Inc. | 2.850 | % | 02/23/23 | 1,250,000 | 1,305,222 | |||||||||||
Apple, Inc. (b) | 3.000 | % | 06/20/27 | 1,000,000 | 1,081,729 | |||||||||||
Apple, Inc. | 2.650 | % | 05/11/50 | 1,000,000 | 906,103 | |||||||||||
Apple, Inc. | 2.650 | % | 02/08/51 | 1,000,000 | 910,811 | |||||||||||
Xerox Corp. | 4.070 | % | 03/17/22 | 750,000 | 762,353 | |||||||||||
4,966,218 | ||||||||||||||||
TECHNOLOGY SERVICES - 1.2% | ||||||||||||||||
Experian Financial plc (a) | 2.750 | % | 03/08/30 | 635,000 | 644,452 | |||||||||||
Genpact Luxembourg S.A.R.L. | 3.700 | % | 04/01/22 | 1,100,000 | 1,127,427 | |||||||||||
IBM Corp. | 3.300 | % | 05/15/26 | 1,000,000 | 1,088,807 | |||||||||||
Mastercard, Inc. | 3.300 | % | 03/26/27 | 197,000 | 216,432 | |||||||||||
Moody's Corp. | 3.250 | % | 05/20/50 | 500,000 | 483,756 | |||||||||||
RELX Capital, Inc. (b) | 3.500 | % | 03/16/23 | 1,500,000 | 1,580,037 | |||||||||||
S&P Global, Inc. | 4.000 | % | 06/15/25 | 1,163,000 | 1,290,098 | |||||||||||
Verisk Analytics, Inc. | 5.800 | % | 05/01/21 | 960,000 | 963,560 | |||||||||||
Visa, Inc. | 0.750 | % | 08/15/27 | 1,770,000 | 1,698,273 | |||||||||||
9,092,842 | ||||||||||||||||
TELECOMMUNICATIONS - 0.8% | ||||||||||||||||
AT&T, Inc. | 5.250 | % | 03/01/37 | 500,000 | 602,081 |
Schedule of Portfolio Investments (Continued) | ||||||||||||||||
Praxis Impact Bond Fund | ||||||||||||||||
CORPORATE BONDS - 36.4% (Continued) | Coupon | Maturity | Principal Amount | Fair Value | ||||||||||||
TELECOMMUNICATIONS - 0.8% (Continued) | ||||||||||||||||
AT&T, Inc. (b) | 4.750 | % | 05/15/46 | $ | 1,500,000 | $ | 1,714,378 | |||||||||
Verizon Communications, Inc. (b) | 3.875 | % | 02/08/29 | 1,000,000 | 1,111,789 | |||||||||||
Verizon Communications, Inc. | 1.500 | % | 09/18/30 | 1,000,000 | 917,208 | |||||||||||
Verizon Communications, Inc. (a) | 2.987 | % | 10/30/56 | 1,799,000 | 1,582,302 | |||||||||||
5,927,758 | ||||||||||||||||
TRANSPORTATION & LOGISTICS - 1.3% | ||||||||||||||||
British Airways, Series 2013-1 (a) | 4.625 | % | 12/20/25 | 469,600 | 487,116 | |||||||||||
Burlington Northern Santa Fe, LLC | 5.750 | % | 05/01/40 | 1,000,000 | 1,335,584 | |||||||||||
Canadian Pacific Railway | 2.050 | % | 03/05/30 | 1,750,000 | 1,689,422 | |||||||||||
Mexico City Airport Trust (a) | 4.250 | % | 10/31/26 | 497,000 | 528,063 | |||||||||||
Norfolk Southern Corp. | 4.837 | % | 10/01/41 | 1,000,000 | 1,213,951 | |||||||||||
Norfolk Southern Corp. | 3.050 | % | 05/15/50 | 1,500,000 | 1,407,791 | |||||||||||
Penske Truck Leasing (a) (b) | 3.450 | % | 07/01/24 | 1,250,000 | 1,346,742 | |||||||||||
TTX Co. (a) | 4.600 | % | 02/01/49 | 280,000 | 332,153 | |||||||||||
United Parcel Services, Inc. (b) | 3.900 | % | 04/01/25 | 1,500,000 | 1,659,491 | |||||||||||
10,000,313 | ||||||||||||||||
WHOLESALE - CONSUMER STAPLES - 0.3% | ||||||||||||||||
Bunge Ltd. Finance Corp. | 1.630 | % | 08/17/25 | 395,000 | 395,013 | |||||||||||
Sysco Corp. | 2.400 | % | 02/15/30 | 1,750,000 | 1,736,407 | |||||||||||
2,131,420 | ||||||||||||||||
TOTAL CORPORATE BONDS (COST $261,001,764) | $ | 274,427,199 | ||||||||||||||
CORPORATE NOTES - 0.9% | Coupon | Maturity | Principal Amount | Fair Value | ||||||||||||
COMMUNITY DEVELOPMENT - 0.9% | ||||||||||||||||
Calvert Social Investment Foundation, Inc. (d) | 2.000 | % | 06/15/22 | $ | 980,000 | $ | 980,000 | |||||||||
Calvert Social Investment Foundation, Inc. (d) | 3.000 | % | 06/15/23 | 1,650,000 | 1,650,000 | |||||||||||
Calvert Social Investment Foundation, Inc. (d) | 3.000 | % | 12/15/23 | 950,000 | 950,000 | |||||||||||
Calvert Social Investment Foundation, Inc. (d) | 3.000 | % | 06/17/24 | 980,000 | 980,000 | |||||||||||
Calvert Social Investment Foundation, Inc. (d) | 3.000 | % | 12/15/24 | 400,000 | 400,000 | |||||||||||
Calvert Social Investment Foundation, Inc. (d) | 2.500 | % | 06/13/25 | 1,400,000 | 1,397,200 |
Schedule of Portfolio Investments (Continued) | ||||||||||||||||
Praxis Impact Bond Fund | ||||||||||||||||
CORPORATE NOTES - 0.9% (Continued) | Coupon | Maturity | Principal Amount | Fair Value | ||||||||||||
COMMUNITY DEVELOPMENT - 0.9% (Continued) | ||||||||||||||||
Calvert Social Investment Foundation, Inc. (d) | 2.500 | % | 12/15/25 | $ | 650,000 | $ | 650,000 | |||||||||
TOTAL CORPORATE NOTES (COST $7,010,000) | $ | 7,007,200 |
FOREIGN GOVERNMENTS - 9.5% | Coupon | Maturity | Principal Amount | Fair Value | ||||||||||||
FOREIGN AGENCY - 2.1% | ||||||||||||||||
Banco Nacional de Costa Rica (a) | 5.875 | % | 04/25/21 | $ | 325,000 | $ | 325,000 | |||||||||
BNG Bank N.V. (a) | 3.125 | % | 11/08/21 | 1,500,000 | 1,526,580 | |||||||||||
BNG Bank N.V. (a) | 1.500 | % | 10/16/24 | 1,500,000 | 1,546,224 | |||||||||||
BNG Bank N.V. (a) | 0.500 | % | 11/24/25 | 2,000,000 | 1,956,356 | |||||||||||
KFW | 2.000 | % | 11/30/21 | 1,000,000 | 1,012,263 | |||||||||||
KFW | 2.000 | % | 09/29/22 | 1,500,000 | 1,540,141 | |||||||||||
Kommunalbanken A.S. (a) | 2.125 | % | 02/11/25 | 1,000,000 | 1,053,440 | |||||||||||
Kommunivest I Sverige AB (a) | 1.875 | % | 06/01/21 | 2,000,000 | 2,005,383 | |||||||||||
Kommunivest I Sverige AB (a) | 0.375 | % | 06/19/24 | 500,000 | 497,967 | |||||||||||
Municipality Finance plc (a) | 1.375 | % | 09/21/21 | 1,000,000 | 1,005,454 | |||||||||||
Nederlandse Waterschapsbank N.V. (a) | 2.125 | % | 11/15/21 | 1,500,000 | 1,517,538 | |||||||||||
Nederlandse Waterschapsbank N.V. (a) | 3.125 | % | 12/05/22 | 1,500,000 | 1,571,634 | |||||||||||
15,557,980 | ||||||||||||||||
SUPRANATIONAL - 7.4% | ||||||||||||||||
African Development Bank | 3.000 | % | 12/06/21 | 1,463,000 | 1,490,930 | |||||||||||
African Development Bank | 0.750 | % | 04/03/23 | 3,000,000 | 3,029,019 | |||||||||||
Asian Development Bank | 1.875 | % | 08/10/22 | 3,036,000 | 3,104,844 | |||||||||||
Asian Development Bank | 2.125 | % | 03/19/25 | 1,000,000 | 1,055,188 | |||||||||||
Asian Development Bank | 3.125 | % | 09/26/28 | 1,000,000 | 1,107,413 | |||||||||||
Central American Bank for Economic Development (a) | 1.140 | % | 02/09/26 | 1,200,000 | 1,190,460 | |||||||||||
European Bank for Reconstruction & Development | 1.875 | % | 07/15/21 | 1,500,000 | 1,507,189 | |||||||||||
European Bank for Reconstruction & Development | 1.625 | % | 09/27/24 | 1,250,000 | 1,294,886 | |||||||||||
European Bank for Reconstruction & Development | 1.500 | % | 02/13/25 | 200,000 | 206,030 | |||||||||||
European Investment Bank | 2.500 | % | 10/15/24 | 1,000,000 | 1,067,550 | |||||||||||
European Investment Bank (a) | 2.875 | % | 06/13/25 | 1,000,000 | 1,088,237 |
Schedule of Portfolio Investments (Continued) | ||||||||||||||||
Praxis Impact Bond Fund | ||||||||||||||||
FOREIGN GOVERNMENTS - 9.5% (Continued) | Coupon | Maturity | Principal Amount | Fair Value | ||||||||||||
SUPRANATIONAL - 7.4% (Continued) | ||||||||||||||||
European Investment Bank | 2.125 | % | 04/13/26 | $ | 1,000,000 | $ | 1,054,252 | |||||||||
European Investment Bank | 2.375 | % | 05/24/27 | 4,000,000 | 4,268,680 | |||||||||||
Inter-American Development Bank | 3.000 | % | 09/26/22 | 2,000,000 | 2,081,860 | |||||||||||
Inter-American Development Bank | 0.875 | % | 04/03/25 | 3,000,000 | 3,015,873 | |||||||||||
Inter-American Development Bank | 4.375 | % | 01/24/44 | 3,000,000 | 3,881,512 | |||||||||||
International Bank for Reconstruction & Development | 0.250 | % | 11/24/23 | 7,000,000 | 6,980,540 | |||||||||||
International Bank for Reconstruction & Development | 2.125 | % | 03/03/25 | 500,000 | 527,992 | |||||||||||
International Bank for Reconstruction & Development | 0.625 | % | 04/22/25 | 1,000,000 | 995,786 | |||||||||||
International Bank for Reconstruction & Development | 3.125 | % | 11/20/25 | 1,000,000 | 1,098,488 | |||||||||||
International Development Association (a) | 2.750 | % | 04/24/23 | 5,000,000 | 5,253,800 | |||||||||||
International Development Association (a) | 0.375 | % | 09/23/25 | 2,000,000 | 1,946,600 | |||||||||||
International Finance Corp., Series GMTN | 2.000 | % | 10/24/22 | 2,000,000 | 2,055,411 | |||||||||||
International Finance Corp., Series GMTN | 0.500 | % | 03/20/23 | 2,500,000 | 2,508,117 | |||||||||||
International Finance Corp. | 2.125 | % | 04/07/26 | 3,000,000 | 3,158,340 | |||||||||||
Nordic Investment Bank | 2.250 | % | 09/30/21 | 1,000,000 | 1,010,151 | |||||||||||
55,979,148 | ||||||||||||||||
TOTAL FOREIGN GOVERNMENTS (COST $69,752,267) | $ | 71,537,128 | ||||||||||||||
COMMERCIAL MORTGAGE-BACKED SECURITIES - 0.3% | Coupon | Maturity | Principal Amount | Fair Value | ||||||||||||
Commercial Mortgage Pass-Through Certificates, Class A-3 | 3.391 | % | 05/17/45 | $ | 813,792 | $ | 826,721 | |||||||||
Commercial Mortgage Pass-Through Certificates, Class A-3 | 2.853 | % | 10/17/45 | 993,930 | 1,019,219 | |||||||||||
TOTAL COMMERCIAL MORTGAGE-BACKED SECURITIES (COST $1,841,634) | $ | 1,845,940 |
Schedule of Portfolio Investments (Continued) | ||||||||||||||||
Praxis Impact Bond Fund | ||||||||||||||||
U.S. GOVERNMENT AGENCIES - 45.3% | Coupon | Maturity | Principal Amount | Fair Value | ||||||||||||
DEVELOPMENT FINANCE CORPORATION - 0.7% | ||||||||||||||||
DFC | 0.000 | % | 06/21/23 | $ | 1,000,000 | $ | 1,083,180 | |||||||||
DFC (c) | 0.130 | % | 09/15/26 | 916,667 | 916,667 | |||||||||||
DFC | 3.280 | % | 09/15/29 | 929,418 | 1,042,665 | |||||||||||
DFC | 3.540 | % | 06/15/30 | 544,128 | 615,441 | |||||||||||
DFC | 3.520 | % | 09/20/32 | 821,429 | 915,370 | |||||||||||
DFC | 3.820 | % | 06/01/33 | 854,795 | 972,663 | |||||||||||
5,545,986 | ||||||||||||||||
FEDERAL HOME LOAN BANK - 5.2% | ||||||||||||||||
FHLB | 3.250 | % | 11/16/28 | 12,500,000 | 14,060,890 | |||||||||||
FHLB | 5.500 | % | 07/15/36 | 17,120,000 | 24,676,254 | |||||||||||
38,737,144 | ||||||||||||||||
FEDERAL HOME LOAN MORTGAGE CORPORATION - 9.3% | ||||||||||||||||
FHLMC | 5.000 | % | 12/01/21 | 5,887 | 6,177 | |||||||||||
FHLMC | 5.500 | % | 04/01/22 | 1,936 | 1,949 | |||||||||||
FHLMC | 4.000 | % | 11/01/24 | 114,755 | 122,154 | |||||||||||
FHLMC | 0.375 | % | 09/23/25 | 6,000,000 | 5,886,620 | |||||||||||
FHLMC | 4.000 | % | 10/01/25 | 58,192 | 61,965 | |||||||||||
FHLMC | 2.875 | % | 04/25/26 | 3,000,000 | 3,219,949 | |||||||||||
FHLMC | 6.000 | % | 04/01/27 | 70,943 | 79,695 | |||||||||||
FHLMC | 2.500 | % | 10/01/27 | 399,558 | 417,338 | |||||||||||
FHLMC | 2.738 | % | 04/25/29 | 2,382,927 | 2,542,879 | |||||||||||
FHLMC (c) | 2.412 | % | 08/25/29 | 3,670,000 | 3,824,975 | |||||||||||
FHLMC | 7.000 | % | 02/01/30 | 16,751 | 16,811 | |||||||||||
FHLMC | 7.500 | % | 07/01/30 | 90,723 | 103,803 | |||||||||||
FHLMC | 1.487 | % | 11/25/30 | 2,500,000 | 2,408,227 | |||||||||||
FHLMC (c) | 2.000 | % | 01/25/31 | 3,000,000 | 3,023,610 | |||||||||||
FHLMC | 7.000 | % | 03/01/31 | 33,624 | 38,952 | |||||||||||
FHLMC | 6.250 | % | 07/15/32 | 1,550,000 | 2,233,495 | |||||||||||
FHLMC | 3.000 | % | 11/01/32 | 560,427 | 591,185 | |||||||||||
FHLMC | 3.000 | % | 11/01/32 | 769,081 | 811,295 | |||||||||||
FHLMC | 5.500 | % | 11/01/33 | 34,357 | 40,190 | |||||||||||
FHLMC (H15T5Y + 223.1) (c) | 2.731 | % | 05/01/34 | 14,251 | 14,291 | |||||||||||
FHLMC (H15T5Y + 223.1) (c) | 2.731 | % | 05/01/34 | 38,124 | 40,016 | |||||||||||
FHLMC | 1.783 | % | 06/25/34 | 2,084,061 | 1,916,542 | |||||||||||
FHLMC | 5.000 | % | 07/01/35 | 68,789 | 80,069 | |||||||||||
FHLMC | 4.500 | % | 10/01/35 | 112,464 | 125,369 |
Schedule of Portfolio Investments (Continued) | ||||||||||||||||
Praxis Impact Bond Fund | ||||||||||||||||
U.S. GOVERNMENT AGENCIES - 45.3% (Continued) | Coupon | Maturity | Principal Amount | Fair Value | ||||||||||||
FEDERAL HOME LOAN MORTGAGE CORPORATION - 9.3% (Continued) | ||||||||||||||||
FHLMC | 5.500 | % | 03/01/36 | $ | 31,447 | $ | 36,830 | |||||||||
FHLMC | 5.500 | % | 06/01/36 | 42,316 | 49,555 | |||||||||||
FHLMC | 6.000 | % | 06/01/36 | 31,703 | 36,218 | |||||||||||
FHLMC | 5.500 | % | 12/01/36 | 36,308 | 42,568 | |||||||||||
FHLMC | 6.000 | % | 08/01/37 | 20,227 | 24,163 | |||||||||||
FHLMC | 5.000 | % | 03/01/38 | 185,084 | 215,431 | |||||||||||
FHLMC | 4.500 | % | 06/01/39 | 206,796 | 233,257 | |||||||||||
FHLMC | 5.000 | % | 06/01/39 | 285,856 | 332,761 | |||||||||||
FHLMC | 4.500 | % | 07/01/39 | 189,630 | 212,777 | |||||||||||
FHLMC | 4.500 | % | 11/01/39 | 176,440 | 197,978 | |||||||||||
FHLMC | 4.500 | % | 09/01/40 | 276,061 | 307,607 | |||||||||||
FHLMC | 4.500 | % | 05/01/41 | 537,512 | 598,833 | |||||||||||
FHLMC | 4.500 | % | 07/01/41 | 583,064 | 651,723 | |||||||||||
FHLMC | 5.000 | % | 09/01/41 | 256,736 | 298,787 | |||||||||||
FHLMC | 3.500 | % | 10/01/41 | 329,435 | 355,953 | |||||||||||
FHLMC | 4.000 | % | 10/01/41 | 318,897 | 351,516 | |||||||||||
FHLMC | 3.500 | % | 02/01/42 | 518,408 | 560,299 | |||||||||||
FHLMC | 4.000 | % | 02/01/42 | 147,236 | 161,567 | |||||||||||
FHLMC | 3.500 | % | 06/01/42 | 605,583 | 654,720 | |||||||||||
FHLMC | 3.500 | % | 06/01/42 | 633,372 | 684,983 | |||||||||||
FHLMC | 3.500 | % | 08/01/42 | 682,558 | 737,946 | |||||||||||
FHLMC | 3.000 | % | 11/01/42 | 1,274,104 | 1,355,220 | |||||||||||
FHLMC | 3.000 | % | 01/01/43 | 695,790 | 737,102 | |||||||||||
FHLMC | 3.000 | % | 05/01/43 | 1,002,264 | 1,066,089 | |||||||||||
FHLMC | 3.500 | % | 10/01/44 | 666,428 | 716,527 | |||||||||||
FHLMC | 3.500 | % | 11/01/44 | 593,073 | 637,446 | |||||||||||
FHLMC | 3.500 | % | 04/01/45 | 752,170 | 807,438 | |||||||||||
FHLMC | 3.000 | % | 05/01/46 | 1,288,253 | 1,356,273 | |||||||||||
FHLMC | 3.000 | % | 12/01/46 | 2,641,641 | 2,789,250 | |||||||||||
FHLMC | 3.500 | % | 03/01/48 | 3,034,603 | 3,273,163 | |||||||||||
FHLMC | 3.500 | % | 03/01/49 | 1,196,178 | 1,262,312 | |||||||||||
FHLMC | 3.500 | % | 07/01/49 | 2,016,497 | 2,127,226 | |||||||||||
FHLMC | 3.000 | % | 07/01/50 | 4,715,192 | 4,925,686 | |||||||||||
FHLMC | 2.000 | % | 08/01/50 | 4,429,608 | 4,421,438 |
Schedule of Portfolio Investments (Continued) | ||||||||||||||||
Praxis Impact Bond Fund | ||||||||||||||||
U.S. GOVERNMENT AGENCIES - 45.3% (Continued) | Coupon | Maturity | Principal Amount | Fair Value | ||||||||||||
FEDERAL HOME LOAN MORTGAGE CORPORATION - 9.3% (Continued) | ||||||||||||||||
FHLMC | 2.500 | % | 04/01/51 | $ | 10,000,000 | $ | 10,264,037 | |||||||||
70,092,235 | ||||||||||||||||
FEDERAL NATIONAL MORTGAGE ASSOCIATION - 29.3% | ||||||||||||||||
FNMA | 5.500 | % | 06/01/22 | 4,599 | 4,650 | |||||||||||
FNMA | 2.890 | % | 07/01/22 | 2,249,576 | 2,294,528 | |||||||||||
FNMA | 2.000 | % | 10/05/22 | 3,500,000 | 3,597,565 | |||||||||||
FNMA | 2.190 | % | 01/01/23 | 1,872,232 | 1,912,951 | |||||||||||
FNMA | 2.670 | % | 12/01/23 | 2,311,172 | 2,429,900 | |||||||||||
FNMA (c) | 2.553 | % | 07/25/24 | 2,975,129 | 3,130,420 | |||||||||||
FNMA | 2.625 | % | 09/06/24 | 5,750,000 | 6,179,012 | |||||||||||
FNMA | 2.890 | % | 12/01/24 | 4,000,000 | 4,167,267 | |||||||||||
FNMA | 3.080 | % | 12/01/24 | 2,214,070 | 2,380,633 | |||||||||||
FNMA | 2.710 | % | 01/01/25 | 4,500,000 | 4,646,676 | |||||||||||
FNMA | 5.000 | % | 04/01/25 | 41,468 | 45,823 | |||||||||||
FNMA | 0.500 | % | 06/17/25 | 10,000,000 | 9,900,219 | |||||||||||
FNMA | 5.000 | % | 07/01/25 | 32,103 | 35,493 | |||||||||||
FNMA | 3.500 | % | 10/01/25 | 60,465 | 64,500 | |||||||||||
FNMA | 5.000 | % | 10/01/25 | 45,913 | 50,765 | |||||||||||
FNMA | 5.500 | % | 11/01/25 | 13 | 14 | |||||||||||
FNMA | 0.500 | % | 11/07/25 | 4,500,000 | 4,429,579 | |||||||||||
FNMA | 4.000 | % | 03/01/26 | 254,521 | 271,602 | |||||||||||
FNMA | 2.910 | % | 04/01/26 | 3,000,000 | 3,186,560 | |||||||||||
FNMA | 2.125 | % | 04/24/26 | 2,000,000 | 2,114,460 | |||||||||||
FNMA (c) | 2.254 | % | 07/25/26 | 1,320,856 | 1,358,943 | |||||||||||
FNMA | 8.500 | % | 09/01/26 | 7,028 | 7,093 | |||||||||||
FNMA | 2.500 | % | 09/01/27 | 480,028 | 501,296 | |||||||||||
FNMA | 2.746 | % | 09/25/27 | 233,162 | 239,201 | |||||||||||
FNMA | 0.750 | % | 10/08/27 | 10,000,000 | 9,623,299 | |||||||||||
FNMA | 2.500 | % | 11/01/27 | 724,583 | 756,710 | |||||||||||
FNMA | 2.500 | % | 01/01/28 | 481,301 | 502,648 | |||||||||||
FNMA (c) | 2.802 | % | 01/25/28 | 4,469,046 | 4,781,763 | |||||||||||
FNMA (c) | 2.945 | % | 03/25/28 | 813,978 | 872,032 | |||||||||||
FNMA | 3.430 | % | 06/25/28 | 2,000,000 | 2,224,775 | |||||||||||
FNMA | 0.875 | % | 08/05/30 | 43,500,000 | 40,188,911 |
Schedule of Portfolio Investments (Continued) | ||||||||||||||||
Praxis Impact Bond Fund | ||||||||||||||||
U.S. GOVERNMENT AGENCIES - 45.3% (Continued) | Coupon | Maturity | Principal Amount | Fair Value | ||||||||||||
FEDERAL NATIONAL MORTGAGE ASSOCIATION - 29.3% (Continued) | ||||||||||||||||
FNMA | 6.625 | % | 11/15/30 | $ | 6,750,000 | $ | 9,624,364 | |||||||||
FNMA | 1.561 | % | 11/25/30 | 3,000,000 | 2,870,943 | |||||||||||
FNMA | 1.383 | % | 12/25/30 | 5,000,000 | 4,735,235 | |||||||||||
FNMA | 2.000 | % | 01/01/32 | 1,848,112 | 1,901,363 | |||||||||||
FNMA | 3.000 | % | 12/01/32 | 818,620 | 856,727 | |||||||||||
FNMA | 6.000 | % | 10/01/33 | 28,014 | 33,473 | |||||||||||
FNMA | 5.500 | % | 02/01/34 | 33,430 | 39,082 | |||||||||||
FNMA (H15T5Y + 211.7) (c) | 3.309 | % | 05/01/34 | 28,909 | 29,086 | |||||||||||
FNMA | 6.000 | % | 11/01/34 | 79,590 | 95,013 | |||||||||||
FNMA | 5.500 | % | 01/01/35 | 44,902 | 52,512 | |||||||||||
FNMA | 2.500 | % | 02/01/35 | 2,305,823 | 2,399,180 | |||||||||||
FNMA | 5.000 | % | 10/01/35 | 63,039 | 73,282 | |||||||||||
FNMA | 5.500 | % | 10/01/35 | 85,081 | 99,600 | |||||||||||
FNMA | 6.000 | % | 10/01/35 | 45,781 | 54,603 | |||||||||||
FNMA | 5.500 | % | 06/01/36 | 25,306 | 29,603 | |||||||||||
FNMA | 6.000 | % | 06/01/36 | 20,624 | 24,327 | |||||||||||
FNMA | 5.500 | % | 11/01/36 | 33,500 | 39,269 | |||||||||||
FNMA (12MO LIBOR + 156.5) (c) | 3.420 | % | 05/01/37 | 26,394 | 26,273 | |||||||||||
FNMA | 5.625 | % | 07/15/37 | 2,750,000 | 4,039,790 | |||||||||||
FNMA | 4.500 | % | 09/01/40 | 170,787 | 190,186 | |||||||||||
FNMA | 4.500 | % | 10/01/40 | 173,908 | 193,492 | |||||||||||
FNMA | 4.000 | % | 12/01/40 | 438,545 | 481,054 | |||||||||||
FNMA | 4.000 | % | 01/01/41 | 304,930 | 335,517 | |||||||||||
FNMA | 3.500 | % | 02/01/41 | 440,391 | 475,567 | |||||||||||
FNMA | 4.000 | % | 10/01/41 | 251,315 | 275,638 | |||||||||||
FNMA | 4.000 | % | 11/01/41 | 262,953 | 289,282 | |||||||||||
FNMA | 4.000 | % | 12/01/41 | 332,437 | 365,748 | |||||||||||
FNMA | 4.000 | % | 12/01/41 | 591,811 | 648,968 | |||||||||||
FNMA | 4.000 | % | 01/01/42 | 911,255 | 1,017,625 | |||||||||||
FNMA | 3.500 | % | 05/01/42 | 536,955 | 580,300 | |||||||||||
FNMA | 3.000 | % | 06/01/42 | 914,459 | 967,412 | |||||||||||
FNMA | 3.000 | % | 08/01/42 | 768,612 | 812,951 | |||||||||||
FNMA | 3.000 | % | 08/01/42 | 775,685 | 824,598 | |||||||||||
FNMA | 3.500 | % | 12/01/42 | 956,272 | 1,039,338 | |||||||||||
FNMA | 3.000 | % | 06/01/43 | 845,260 | 895,021 |
Schedule of Portfolio Investments (Continued) | ||||||||||||||||
Praxis Impact Bond Fund | ||||||||||||||||
U.S. GOVERNMENT AGENCIES - 45.3% (Continued) | Coupon | Maturity | Principal Amount | Fair Value | ||||||||||||
FEDERAL NATIONAL MORTGAGE ASSOCIATION - 29.3% (Continued) | ||||||||||||||||
FNMA | 4.000 | % | 12/01/44 | $ | 1,187,659 | $ | 1,314,747 | |||||||||
FNMA | 3.500 | % | 05/01/45 | 1,261,683 | 1,363,339 | |||||||||||
FNMA | 3.000 | % | 04/01/46 | 1,154,599 | 1,212,818 | |||||||||||
FNMA | 3.500 | % | 11/01/46 | 1,870,316 | 2,007,094 | |||||||||||
FNMA | 4.000 | % | 10/01/48 | 1,281,616 | 1,374,692 | |||||||||||
FNMA | 4.000 | % | 11/01/48 | 2,296,247 | 2,560,315 | |||||||||||
FNMA | 3.500 | % | 05/01/49 | 1,103,200 | 1,164,458 | |||||||||||
FNMA | 4.000 | % | 06/01/49 | 1,718,989 | 1,843,079 | |||||||||||
FNMA | 3.500 | % | 08/01/49 | 3,974,687 | 4,195,451 | |||||||||||
FNMA | 3.000 | % | 09/01/49 | 2,014,619 | 2,097,955 | |||||||||||
FNMA | 3.000 | % | 09/01/49 | 2,035,488 | 2,122,661 | |||||||||||
FNMA | 3.000 | % | 06/01/50 | 3,737,360 | 3,893,465 | |||||||||||
FNMA | 2.500 | % | 07/01/50 | 4,898,228 | 5,027,559 | |||||||||||
FNMA | 2.500 | % | 08/01/50 | 3,413,799 | 3,503,936 | |||||||||||
FNMA | 3.000 | % | 08/01/50 | 6,567,592 | 6,845,945 | |||||||||||
FNMA | 2.000 | % | 11/01/50 | 6,832,706 | 6,817,290 | |||||||||||
FNMA | 2.000 | % | 01/01/51 | 11,875,519 | 11,848,844 | |||||||||||
FNMA | 2.000 | % | 02/01/51 | 6,955,446 | 6,939,740 | |||||||||||
FNMA | 2.500 | % | 04/01/51 | 6,000,000 | 6,158,422 | |||||||||||
220,607,520 | ||||||||||||||||
GOVERNMENT NATIONAL MORTGAGE ASSOCIATION - 0.0% (e) | ||||||||||||||||
GNMA | 7.000 | % | 12/20/30 | 12,322 | 14,324 | |||||||||||
GNMA | 7.000 | % | 10/20/31 | 8,963 | 10,613 | |||||||||||
GNMA | 7.000 | % | 03/20/32 | 37,944 | 45,453 | |||||||||||
GNMA (c) | 3.000 | % | 01/20/34 | 29,573 | 30,920 | |||||||||||
GNMA | 5.500 | % | 10/20/38 | 5,428 | 5,931 | |||||||||||
GNMA | 6.500 | % | 11/20/38 | 5,198 | 5,937 | |||||||||||
113,178 | ||||||||||||||||
SMALL BUSINESS ADMINISTRATION - 0.0% (e) | ||||||||||||||||
SBA (Prime - 2.65) (c) | 0.600 | % | 02/25/32 | 117,975 | 116,951 | |||||||||||
UNITED STATES AGENCY OF INTERNATIONAL DEVELOPMENT - 0.7% | ||||||||||||||||
Hashemite Kingdom of Jordan AID Bond | 3.000 | % | 06/30/25 | 1,450,000 | 1,555,899 | |||||||||||
Iraq AID Bond | 2.149 | % | 01/18/22 | 1,500,000 | 1,521,929 |
Schedule of Portfolio Investments (Continued) | ||||||||||||||||
Praxis Impact Bond Fund | ||||||||||||||||
U.S. GOVERNMENT AGENCIES - 45.3% (Continued) | Coupon | Maturity | Principal Amount | Fair Value | ||||||||||||
UNITED STATES AGENCY OF INTERNATIONAL DEVELOPMENT - 0.7% (Continued) | ||||||||||||||||
Ukraine Government AID Bond | 1.471 | % | 09/29/21 | $ | 2,000,000 | $ | 2,010,196 | |||||||||
5,088,024 | ||||||||||||||||
UNITED STATES DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT - 0.1% | ||||||||||||||||
United States Department of Housing and Urban Development | 2.350 | % | 08/01/21 | 1,000,000 | 1,007,670 | |||||||||||
TOTAL U.S. GOVERNMENT AGENCIES (COST $334,195,519) | $ | 341,308,708 |
ASSET BACKED SECURITIES - 1.7% | Coupon | Maturity | Principal Amount | Fair Value | ||||||||||||
Ahold Finance U.S.A., LLC | 8.620 | % | 01/02/25 | $ | 403,159 | $ | 448,514 | |||||||||
Domino's Pizza Master Issuer, LLC (a) | 3.082 | % | 07/25/47 | 1,451,250 | 1,453,557 | |||||||||||
Mastercard Credit Trust (a) (c) | 1.990 | % | 09/21/24 | 4,000,000 | 4,123,427 | |||||||||||
SBA Tower Trust (a) | 3.448 | % | 03/15/48 | 1,250,000 | 1,316,247 | |||||||||||
SBA Tower Trust (a) | 2.836 | % | 01/15/50 | 282,000 | 294,405 | |||||||||||
SolarCity LMC, Series I, LLC (a) | 4.800 | % | 12/20/26 | 411,872 | 439,387 | |||||||||||
SolarCity LMC, Series IV, LLC (a) | 4.180 | % | 08/21/45 | 196,517 | 207,887 | |||||||||||
Spruce ABS Trust (a) (d) | 4.320 | % | 06/15/28 | 22,560 | 22,743 | |||||||||||
Textainer Marine Containers VII (a) | 1.680 | % | 02/20/46 | 1,490,000 | 1,448,936 | |||||||||||
TIF Funding II, LLC (a) | 1.650 | % | 02/20/46 | 493,542 | 475,207 | |||||||||||
Triton Container Finance (a) (c) | 1.860 | % | 03/20/46 | 1,750,000 | 1,706,956 | |||||||||||
Wendy's Funding, LLC (a) | 3.783 | % | 06/15/49 | 718,125 | 757,513 | |||||||||||
TOTAL ASSET BACKED SECURITIES (COST $12,653,992) | $ | 12,694,779 |
Schedule of Portfolio Investments (Continued) | ||||||||
Praxis Impact Bond Fund | ||||||||
MONEY MARKET FUNDS - 4.5% | Shares | Fair Value | ||||||
First American Government Obligations Fund - Class X, 0.04% (f) (COST $33,724,848) | 33,724,848 | $ | 33,724,848 | |||||
COLLATERAL FOR SECURITIES LOANED - 3.5% | Shares | Fair Value | ||||||
Mount Vernon Liquid Assets Portfolio, LLC, 0.11% (f) (g) (COST $26,209,043) | 26,209,043 | $ | 26,209,043 | |||||
INVESTMENT COMPANIES - 0.5% | Shares | Fair Value | ||||||
Pax High Yield Bond Fund - Institutional Class (COST $4,199,236) | 530,984 | $ | 3,642,549 | |||||
TOTAL INVESTMENTS - (COST $760,351,801) - 103.9% | $ | 782,402,262 | ||||||
LIABILITIES IN EXCESS OF OTHER ASSETS - (3.9%) | (29,396,183 | ) | ||||||
NET ASSETS - 100.0% | $ | 753,006,079 |
(a) | 144a security may only be resold to qualified institutional investors. These securities were deemed liquid under guidelines established by the Board of Trustees. At March 31, 2021, these securities were valued at $88,958,616 or 11.8% of net assets. |
(b) | All or a portion of the security is on loan. The total value of the securities on loan as of March 31, 2021 was $25,683,939. |
(c) | Variable rate security. Interest rate resets periodically. The rate shown is the effective interest rate as of March 31, 2021. For securities based on a published reference rate and spread, the reference rate and spread (in basis points) are indicated parenthetically. Certain variable rate securities are not based on a published reference rate and spread but are determined by the issuer or agent and are based on current market conditions. These securities, therefore, do not indicate a reference rate and spread. |
(d) | Restricted and/or illiquid securities not registered under the Securities Act of 1933 are as follows: |
Acquisition | Current | Fair | % of Net | |||||||||||
Date | Cost | Value | Assets | |||||||||||
Calvert Social Investment Foundation, Inc. 2.000%, 06/15/22 | 06/17/19 | $ | 980,000 | $ | 980,000 | 0.1 | % | |||||||
Calvert Social Investment Foundation, Inc. 3.000%, 06/15/23 | 06/18/18 | 1,650,000 | 1,650,000 | 0.2 | % | |||||||||
Calvert Social Investment Foundation, Inc. 3.000%, 12/15/23 | 12/17/18 | 950,000 | 950,000 | 0.1 | % | |||||||||
Calvert Social Investment Foundation, Inc. 3.000%, 06/17/24 | 06/17/19 | 980,000 | 980,000 | 0.1 | % | |||||||||
Calvert Social Investment Foundation, Inc. 3.000%, 12/13/24 | 12/12/19 | 400,000 | 400,000 | 0.1 | % | |||||||||
Calvert Social Investment Foundation, Inc. 2.500%, 06/13/25 | 06/12/20 | 1,400,000 | 1,397,200 | 0.2 | % | |||||||||
Calvert Social Investment Foundation, Inc. 2.500%, 12/15/25 | 12/15/20 | 650,000 | 650,000 | 0.1 | % | |||||||||
Spruce ABS Trust, 4.320%, 06/15/28 | 06/17/16 | 22,558 | 22,743 | 0.0 | %(e) | |||||||||
$ | 7,032,558 | $ | 7,029,943 | 0.9 | % |
(e) | Percentage rounds to less than 0.1%. |
(f) | The rate shown is the 7-day effective yield as of March 31, 2021. |
(g) | The security was purchased with cash collateral held from securities on loan. |
GTMN – Global Medium-Term Note
H15T1Y - U.S. Treasury yield curve rate for U.S. Treasury note with a constant maturity of 1 year
LIBOR - London Interbank Offered Rate
plc - Public Liability Company
Schedule of Portfolio Investments | ||||||||
Praxis International Index Fund | ||||||||
March 31, 2021 (Unaudited) | ||||||||
COMMON STOCKS - 98.0% | Shares | Fair Value | ||||||
AUSTRALIA - 4.2% | ||||||||
Australia & New Zealand Banking Group Ltd. | 40,646 | $ | 870,037 | |||||
Brambles Ltd. | 40,548 | 325,862 | ||||||
Coles Group Ltd. | 13,802 | 167,847 | ||||||
Commonwealth Bank of Australia | 18,009 | 1,177,801 | ||||||
CSL Ltd. | 3,640 | 731,733 | ||||||
CSL Ltd. - ADR | 7,282 | 737,302 | ||||||
Dexus | 119,299 | 883,528 | ||||||
Fortescue Metals Group Ltd. | 43,722 | 663,884 | ||||||
Goodman Group | 44,189 | 608,207 | ||||||
GPT Group (The) | 53,628 | 187,382 | ||||||
Macquarie Group Ltd. | 2,144 | 248,893 | ||||||
Macquarie Group Ltd. - ADR | 2,747 | 320,905 | ||||||
National Australia Bank Ltd. | 36,653 | 723,872 | ||||||
Origin Energy Ltd. | 117,789 | 419,621 | ||||||
REA Group Ltd. | 2,913 | 313,626 | ||||||
Scentre Group | 175,279 | 375,455 | ||||||
SEEK Ltd. (a) | 32,750 | 709,231 | ||||||
Sydney Airport (a) | 57,629 | 270,964 | ||||||
Transurban Group | 68,739 | 695,483 | ||||||
Vicinity Centres | 245,277 | 308,343 | ||||||
Wesfarmers Ltd. | 24,534 | 981,546 | ||||||
Woodside Petroleum Ltd. | 88,567 | 1,614,590 | ||||||
Woolworths Group Ltd. | 28,598 | 887,809 | ||||||
Worley Ltd. | 26,610 | 212,031 | ||||||
14,435,952 | ||||||||
AUSTRIA - 0.2% | ||||||||
Raiffeisen Bank International AG | 7,739 | 169,932 | ||||||
Verbund AG | 8,891 | 646,239 | ||||||
816,171 | ||||||||
BELGIUM - 0.2% | ||||||||
KBC Group N.V. | 5,709 | 414,956 | ||||||
Umicore S.A. | 6,207 | 329,124 | ||||||
744,080 | ||||||||
BERMUDA - 0.3% | ||||||||
China Gas Holdings Ltd. | 64,200 | 263,030 |
Schedule of Portfolio Investments (Continued) | ||||||||
Praxis International Index Fund | ||||||||
COMMON STOCKS - 98.0% (Continued) | Shares | Fair Value | ||||||
BERMUDA - 0.3% (Continued) | ||||||||
Credicorp Ltd. (b) | 6,296 | $ | 859,845 | |||||
1,122,875 | ||||||||
BRAZIL - 1.3% | ||||||||
Banco Bradesco S.A. - ADR | 178,855 | 840,618 | ||||||
Banco do Brasil S.A. - ADR | 54,197 | 293,206 | ||||||
Banco Santander Brasil S.A. - ADR (b) | 119,591 | 843,116 | ||||||
Cia de Saneamento Basico do Estado de Sao Paulo - ADR | 39,723 | 291,170 | ||||||
Companhia Brasileira de Distribuicao - ADR | 17,197 | 100,086 | ||||||
Gerdau S.A. - ADR | 79,331 | 423,627 | ||||||
Natura & Co. Holding S.A. - ADR (a) | 18,044 | 306,568 | ||||||
Sendas Distribuidora S.A. - ADR (a) | 17,197 | 223,561 | ||||||
Suzano S.A. - ADR (a) | 45,940 | 561,387 | ||||||
Telefónica Brasil S.A. - ADR | 51,502 | 405,321 | ||||||
TIM S.A. - ADR | 14,714 | 167,004 | ||||||
4,455,664 | ||||||||
CANADA - 6.7% | ||||||||
Bank of Montreal | 12,001 | 1,069,529 | ||||||
Bank of Nova Scotia (The) | 14,814 | 926,616 | ||||||
Canadian Imperial Bank of Commerce | 13,450 | 1,316,352 | ||||||
Canadian National Railway Co. | 15,841 | 1,837,239 | ||||||
Canadian Pacific Railway Ltd. | 3,750 | 1,422,338 | ||||||
CGI, Inc. (a) | 8,100 | 674,082 | ||||||
Franco-Nevada Corp. | 16,739 | 2,097,229 | ||||||
Gildan Activewear, Inc. (a) | 18,362 | 562,979 | ||||||
Kinross Gold Corp. | 43,918 | 292,933 | ||||||
Manulife Financial Corp. | 75,463 | 1,622,454 | ||||||
Methanex Corp. | 15,712 | 578,202 | ||||||
Open Text Corp. | 11,725 | 559,400 | ||||||
Restaurant Brands International, Inc. | 11,589 | 753,285 | ||||||
Ritchie Bros. Auctioneers, Inc. | 9,384 | 549,433 | ||||||
Royal Bank of Canada | 32,068 | 2,956,990 | ||||||
Shaw Communications, Inc. - Class B | 25,631 | 672,045 | ||||||
Sun Life Financial, Inc. | 11,714 | 592,143 | ||||||
Teck Resources Ltd. - Class B | 44,613 | 855,677 | ||||||
Thomson Reuters Corp. | 20,428 | 1,788,880 | ||||||
Toronto-Dominion Bank (The) | 24,696 | 1,610,426 |
Schedule of Portfolio Investments (Continued) | ||||||||
Praxis International Index Fund | ||||||||
COMMON STOCKS - 98.0% (Continued) | Shares | Fair Value | ||||||
CANADA - 6.7% (Continued) | ||||||||
Wheaton Precious Metals Corp. | 14,533 | $ | 555,306 | |||||
23,293,538 | ||||||||
CAYMAN ISLANDS - 8.8% | ||||||||
51job, Inc. - ADR (a) | 2,904 | 181,790 | ||||||
Alibaba Group Holdings Ltd. - ADR (a) | 29,023 | 6,580,385 | ||||||
Autohome, Inc. - ADR (b) | 2,433 | 226,926 | ||||||
Baidu, Inc. - ADR (a) | 5,628 | 1,224,371 | ||||||
BeiGene Ltd. - ADR (a) | 1,977 | 688,154 | ||||||
China Literature Ltd. (a) | 47,000 | 465,229 | ||||||
ENN Energy Holdings Ltd. | 40,000 | 641,633 | ||||||
GDS Holdings Ltd. - ADR (a) (b) | 4,644 | 376,582 | ||||||
Genscript Biotech Corp. (a) | 190,000 | 334,349 | ||||||
HUYA, Inc. - ADR (a) (b) | 7,824 | 152,412 | ||||||
JD.com, Inc. - ADR (a) (b) | 15,448 | 1,302,730 | ||||||
JOYY, Inc. - ADR (b) | 3,526 | 330,492 | ||||||
Kingdee International Software Group Co. Ltd. | 100,000 | 310,011 | ||||||
Lee & Man Paper Manufacturing Ltd. | 287,000 | 263,966 | ||||||
Logan Group Co. Ltd. | 182,000 | 306,693 | ||||||
Momo, Inc. - ADR | 20,848 | 307,300 | ||||||
NetEase, Inc. - ADR (b) | 10,792 | 1,114,382 | ||||||
New Oriental Education & Technology Group, Inc. - ADR (a) | 114,652 | 1,605,128 | ||||||
Noah Holdings Ltd. - ADR (a) | 6,771 | 300,632 | ||||||
Shenzhou International Group Holdings Ltd. | 48,000 | 994,712 | ||||||
Sunny Optical Technology Group Co. Ltd. | 25,000 | 569,855 | ||||||
TAL Education Group - ADR (a) | 21,085 | 1,135,427 | ||||||
Tencent Holdings Ltd. - ADR (b) | 87,007 | 6,943,159 | ||||||
Tencent Music Entertainment Group - ADR (a) | 20,209 | 414,082 | ||||||
Trip.com Group Ltd. - ADR (a) | 14,521 | 575,467 | ||||||
Vipshop Holdings Ltd. - ADR (a) (b) | 15,804 | 471,908 | ||||||
Weibo Corp. - ADR (a) | 6,782 | 342,220 | ||||||
WuXi Biologics Cayman, Inc. (a) | 108,000 | 1,352,447 | ||||||
Zai Lab Ltd. (a) | 2,031 | 270,996 | ||||||
ZTO Express Cayman, Inc. - ADR | 19,738 | 575,363 | ||||||
30,358,801 | ||||||||
CHILE - 0.3% | ||||||||
Embotelladora Andina S.A. - Class B - ADR | 5,550 | 87,136 |
Schedule of Portfolio Investments (Continued) | ||||||||
Praxis International Index Fund | ||||||||
COMMON STOCKS - 98.0% (Continued) | Shares | Fair Value | ||||||
CHILE - 0.3% (Continued) | ||||||||
Enel Americas S.A. - ADR (b) | 53,811 | $ | 456,317 | |||||
Sociedad Quimica y Minera de Chile S.A. - ADR | 11,292 | 599,266 | ||||||
1,142,719 | ||||||||
CHINA - 3.2% | ||||||||
Agricultural Bank of China Ltd. - H Shares | 1,300,000 | 520,073 | ||||||
ANTA Sports Products Ltd. | 56,000 | 913,414 | ||||||
Bilibili, Inc. - ADR (a) (b) | 5,148 | 551,145 | ||||||
China Life Insurance Co. Ltd. - H Shares | 99,000 | 204,523 | ||||||
China Merchants Bank Co. Ltd. - H Shares | 82,820 | 632,290 | ||||||
China Minsheng Banking Corp. Ltd. - H Shares | 1,348,500 | 782,326 | ||||||
China Pacific Insurance Group Co. Ltd. - H Shares | 84,600 | 333,550 | ||||||
China Vanke Co. Ltd. - H Shares | 149,574 | 585,874 | ||||||
Guangshen Railway Co. Ltd. - ADR | 8,098 | 80,089 | ||||||
Haier Smart Home Co. Ltd. - H Shares (a) | 241,230 | 965,055 | ||||||
Industrial & Commercial Bank of China Ltd. - H Shares | 508,000 | 364,635 | ||||||
iQIYI, Inc. - ADR (a) (b) | 7,795 | 129,553 | ||||||
Jiangsu Expressway Co. Ltd. - H Shares | 272,000 | 338,692 | ||||||
Ping An Insurance Group Co. of China Ltd. - ADR | 42,425 | 1,020,321 | ||||||
Ping An Insurance Group Co. of China Ltd. - H Shares | 75,318 | 896,676 | ||||||
Sinopharm Group Co. Ltd. - H Shares | 376,000 | 910,265 | ||||||
TravelSky Technology Ltd. - H Shares | 116,000 | 271,277 | ||||||
Weichai Power Co. Ltd. - H Shares | 111,000 | 274,148 | ||||||
Yum China Holdings, Inc. | 24,828 | 1,470,066 | ||||||
11,243,972 | ||||||||
COLOMBIA - 0.2% | ||||||||
Bancolombia S.A. - ADR | 24,053 | 769,455 | ||||||
DENMARK - 1.6% | ||||||||
Coloplast A/S - Series B | 3,561 | 535,431 | ||||||
DSV Panalpina A/S | 4,551 | 892,845 | ||||||
Genmab A/S (a) | 932 | 306,629 | ||||||
Novo Nordisk A/S - ADR (b) | 30,237 | 2,038,579 | ||||||
Orsted A/S | 4,053 | 654,580 | ||||||
Pandora A/S (a) | 2,532 | 271,264 | ||||||
Vestas Wind Systems A/S | 4,203 | 862,670 | ||||||
5,561,998 |
Schedule of Portfolio Investments (Continued) | ||||||||
Praxis International Index Fund | ||||||||
COMMON STOCKS - 98.0% (Continued) | Shares | Fair Value | ||||||
FINLAND - 0.4% | ||||||||
Neste OYJ | 9,891 | $ | 524,814 | |||||
Nokia Corp. - ADR (a) | 74,531 | 295,143 | ||||||
UPM-Kymmene OYJ | 14,351 | 515,324 | ||||||
1,335,281 | ||||||||
FRANCE - 6.5% | ||||||||
Accor S.A. (a) | 7,593 | 286,273 | ||||||
Air Liquide S.A. | 8,862 | 1,447,218 | ||||||
Air Liquide S.A. - ADR | 2 | 65 | ||||||
AXA S.A. | 56,647 | 1,519,773 | ||||||
AXA S.A. - ADR | 16,705 | 452,037 | ||||||
Capgemini SE | 2,481 | 422,032 | ||||||
Capgemini SE - ADR | 6,425 | 218,900 | ||||||
Cie de Saint-Gobain (a) | 10,059 | 593,398 | ||||||
Cie Generale des Etablissements Michelin SCA - ADR | 18,110 | 542,757 | ||||||
Cie Generale des Etablissements Michelin SCA | 1,074 | 160,722 | ||||||
CNP Assurances | 24,456 | 464,750 | ||||||
Covivio | 5,514 | 471,890 | ||||||
Danone S.A. | 5,973 | 409,637 | ||||||
Danone S.A. - ADR | 29,620 | 407,275 | ||||||
Dassault Systemes SE | 3,059 | 654,117 | ||||||
Dassault Systemes SE - ADR | 745 | 159,773 | ||||||
Edenred | 10,192 | 532,183 | ||||||
EssilorLuxottica S.A. | 4,430 | 721,108 | ||||||
Faurecia SE (a) | 3,770 | 200,787 | ||||||
Gecina S.A. | 2,427 | 334,033 | ||||||
Groupe Bruxelles Lambert S.A. | 6,989 | 723,153 | ||||||
Henkel AG & Co. KGaA | 1,277 | 126,428 | ||||||
Hermes International | 830 | 918,546 | ||||||
Kering S.A. | 1,378 | 950,868 | ||||||
Klepierre S.A. | 13,620 | 317,507 | ||||||
Legrand S.A. | 10,029 | 932,591 | ||||||
L'Oreal S.A. | 1,380 | 528,703 | ||||||
L'Oreal S.A. - ADR | 21,745 | 1,666,537 | ||||||
Orange S.A. | 14,823 | 182,551 | ||||||
Publicis Groupe S.A. | 8,339 | 508,747 | ||||||
Renault S.A. (a) | 6,593 | 285,439 |
Schedule of Portfolio Investments (Continued) | ||||||||
Praxis International Index Fund | ||||||||
COMMON STOCKS - 98.0% (Continued) | Shares | Fair Value | ||||||
FRANCE - 6.5% (Continued) | ||||||||
Sartorius Sedim Biotech | 1,319 | $ | 543,063 | |||||
Schneider Electric SE | 9,145 | 1,396,408 | ||||||
Solvay S.A. | 2,892 | 360,059 | ||||||
Teleperformance | 1,454 | 529,781 | ||||||
TUI AG (a) | 48,894 | 247,049 | ||||||
Unibail-Rodamco-Westfield (a) | 3,126 | 250,446 | ||||||
Unibail-Rodamco-Westfield - CDI (a) | 45,646 | 185,497 | ||||||
Valeo S.A. | 9,422 | 319,995 | ||||||
Vivendi S.A. | 17,630 | 578,710 | ||||||
Vivendi S.A. - ADR | 5,023 | 165,106 | ||||||
Wendel SE | 2,330 | 289,270 | ||||||
Worldline S.A. (a) | 7,655 | 641,118 | ||||||
22,646,300 | ||||||||
GERMANY - 4.8% | ||||||||
adidas AG (a) | 1,323 | 412,875 | ||||||
adidas AG - ADR (a) | 2,402 | 377,138 | ||||||
Allianz SE - ADR | 76,050 | 1,945,359 | ||||||
Allianz SE | 880 | 223,920 | ||||||
BASF SE | 2,739 | 227,469 | ||||||
Bayerische Moteren Werke AG - ADR | 2 | 69 | ||||||
Continental AG | 4,866 | 642,905 | ||||||
Covestro AG | 7,156 | 481,038 | ||||||
Daimler AG | 18,669 | 1,663,576 | ||||||
Deutsche Boerse AG | 3,878 | 644,212 | ||||||
Deutsche Post AG - ADR | 14,832 | 813,980 | ||||||
Deutsche Post AG | 10,161 | 556,532 | ||||||
Deutsche Telekom AG | 25,629 | 515,885 | ||||||
Deutsche Telekom AG - ADR | 30,009 | 607,382 | ||||||
Deutsche Wohnen SE | 532 | 24,810 | ||||||
Fraport AG Frankfurt Airport Services Worldwide | 10,208 | 620,498 | ||||||
Infineon Technologies AG | 8,718 | 369,519 | ||||||
Infineon Technologies AG - ADR | 12,109 | 515,722 | ||||||
Merck KGaA | 2,316 | 395,865 | ||||||
Muenchener Rueckversicherungs-Gesellschaft AG | 1,787 | 550,136 | ||||||
Muenchener Rueckversicherungs-Gesellschaft AG - ADR | 18,890 | 582,379 | ||||||
Siemens AG | 14,082 | 2,311,231 |
Schedule of Portfolio Investments (Continued) | ||||||||
Praxis International Index Fund | ||||||||
COMMON STOCKS - 98.0% (Continued) | Shares | Fair Value | ||||||
GERMANY - 4.8% (Continued) | ||||||||
Siemens Energy AG (a) | 7,041 | $ | 252,667 | |||||
Symrise AG | 4,190 | 507,909 | ||||||
Vonovia SE | 21,049 | 1,374,478 | ||||||
16,617,554 | ||||||||
HONG KONG - 2.9% | ||||||||
AAC Technologies Holdings, Inc. | 77,923 | 392,426 | ||||||
AIA Group Ltd. | 57,569 | 698,330 | ||||||
AIA Group Ltd. - ADR | 36,278 | 1,780,887 | ||||||
BYD Electronic International Co. Ltd. | 21,500 | 125,561 | ||||||
China Conch Venture Holdings Ltd. | 149,591 | 703,321 | ||||||
China Evergrande Group | 85,000 | 161,823 | ||||||
Geely Automobile Holdings Ltd. | 90,000 | 228,997 | ||||||
Hong Kong Exchanges & Clearing Ltd. | 26,978 | 1,587,327 | ||||||
Lenovo Group Ltd. | 770,000 | 1,095,485 | ||||||
Link REIT | 95,500 | 869,755 | ||||||
Sino Land Co. Ltd. | 168,000 | 233,828 | ||||||
Sun Art Retail Group Ltd. | 161,000 | 131,718 | ||||||
Swire Properties Ltd. | 206,350 | 638,381 | ||||||
Techtronic Industries Co. Ltd. | 24,500 | 419,159 | ||||||
Wharf Holdings Ltd. (The) | 166,000 | 439,882 | ||||||
Zhongsheng Group Holdings Ltd. (a) | 70,000 | 493,445 | ||||||
10,000,325 | ||||||||
HUNGARY - 0.0% (c) | ||||||||
MOL Hungarian Oil & Gas plc - ADR (a) | 6,368 | 25,472 | ||||||
INDIA - 2.9% | ||||||||
Dr. Reddy's Laboratories Ltd. - ADR | 14,524 | 891,628 | ||||||
HDFC Bank Ltd. - ADR (a) | 30,589 | 2,376,459 | ||||||
ICICI Bank Ltd. - ADR (a) | 144,722 | 2,319,894 | ||||||
Infosys Ltd. - ADR (b) | 131,713 | 2,465,667 | ||||||
Vedanta Ltd. - ADR | 55,906 | 702,739 | ||||||
Wipro Ltd. - ADR | 206,072 | 1,306,497 | ||||||
10,062,884 | ||||||||
INDONESIA - 0.6% | ||||||||
Bank Mandiri Persero Tbk PT - ADR | 87,101 | 736,874 |
Schedule of Portfolio Investments (Continued) | ||||||||
Praxis International Index Fund | ||||||||
COMMON STOCKS - 98.0% (Continued) | Shares | Fair Value | ||||||
INDONESIA - 0.6% (Continued) | ||||||||
Telekomunikasi Indonesia Persero Tbk PT - ADR | 50,040 | $ | 1,182,946 | |||||
1,919,820 | ||||||||
IRELAND - 0.4% | ||||||||
CRH plc - ADR | 14,500 | 681,210 | ||||||
Kingspan Group plc | 2,144 | 181,725 | ||||||
Smurfit Kappa Group plc | 10,442 | 491,618 | ||||||
1,354,553 | ||||||||
ISRAEL - 0.5% | ||||||||
Check Point Software Technologies Ltd. (a) | 4,857 | 543,838 | ||||||
CyberArk Software Ltd. (a) | 2,299 | 297,353 | ||||||
ICL Group Ltd. | 39,641 | 230,314 | ||||||
Nice Ltd. - ADR (a) (b) | 2,630 | 573,261 | ||||||
1,644,766 | ||||||||
ITALY - 1.2% | ||||||||
Assicurazioni Generali S.p.A. | 41,464 | 829,280 | ||||||
Enel S.p.A. | 148,245 | 1,476,020 | ||||||
Intesa Sanpaolo S.p.A. (a) | 199,542 | 540,494 | ||||||
Mediobanca Banca di Credito Finanziario S.p.A. (a) | 29,677 | 328,987 | ||||||
Moncler S.p.A. (a) | 7,061 | 404,538 | ||||||
Telecom Italia S.p.A. | 326,619 | 176,596 | ||||||
Terna Rete Elettrica Nazionale S.p.A. | 10,136 | 76,501 | ||||||
UniCredit S.p.A. | 37,450 | 395,706 | ||||||
4,228,122 | ||||||||
JAPAN - 15.4% | ||||||||
Advantest Corp. | 4,800 | 419,619 | ||||||
Aeon Co. Ltd. | 14,100 | 420,088 | ||||||
AGC, Inc. | 10,000 | 418,138 | ||||||
Alfresa Holdings Corp. | 8,500 | 163,738 | ||||||
Asahi Kasei Corp. | 50,000 | 575,504 | ||||||
Astellas Pharma, Inc. | 35,100 | 539,517 | ||||||
Azbil Corp. | 7,700 | 331,354 | ||||||
Bridgestone Corp. | 28,756 | 1,162,144 | ||||||
Brothers Industries Ltd. | 13,702 | 303,048 | ||||||
Canon, Inc. | 34,400 | 777,448 | ||||||
Chugai Pharmaceutical Co. Ltd. | 14,700 | 595,944 | ||||||
Coca-Cola Bottlers Japan Holdings, Inc. | 9,400 | 163,756 |
Schedule of Portfolio Investments (Continued) | ||||||||
Praxis International Index Fund | ||||||||
COMMON STOCKS - 98.0% (Continued) | Shares | Fair Value | ||||||
JAPAN - 15.4% (Continued) | ||||||||
Dai Nippon Printing Co. Ltd. | 61,618 | $ | 1,290,467 | |||||
Dai-ichi Life Holdings, Inc. | 16,346 | 280,776 | ||||||
Daiichi Sankyo Co. Ltd. | 23,430 | 682,402 | ||||||
Daiichi Sankyo Co. Ltd. - ADR | 5,703 | 167,697 | ||||||
Daiwa House Industry Co. Ltd. | 17,000 | 497,584 | ||||||
Denso Corp. | 10,000 | 663,512 | ||||||
East Japan Railway Co. - ADR | 5,418 | 64,420 | ||||||
East Japan Railway Co. | 6,029 | 426,820 | ||||||
FANUC Corp. - ADR | 14,250 | 343,532 | ||||||
FANUC Corp. | 1,200 | 283,774 | ||||||
Fast Retailing Co. Ltd. | 1,000 | 795,907 | ||||||
FUJIFILM Holdings Corp. | 1,500 | 89,015 | ||||||
FUJIFILM Holdings Corp. - ADR | 8,601 | 513,480 | ||||||
Fujitsu Ltd. | 1,044 | 150,855 | ||||||
Honda Motor Co. Ltd | 17,400 | 521,549 | ||||||
Honda Motor Co. Ltd. - ADR | 1,011 | 30,532 | ||||||
Hoya Corp. - ADR | 1,273 | 151,551 | ||||||
Hoya Corp. | 6,861 | 805,817 | ||||||
Kao Corp. | 14,000 | 924,618 | ||||||
KDDI Corp. - ADR | 43,814 | 678,679 | ||||||
Keyence Corp. | 5,000 | 2,269,956 | ||||||
Kubota Corp. | 24,000 | 546,090 | ||||||
Kubota Corp. - ADR | 5,277 | 606,433 | ||||||
Kyocera Corp. | 8,900 | 564,644 | ||||||
Lixil Corp. | 15,100 | 419,335 | ||||||
M3, Inc. | 11,200 | 765,790 | ||||||
Marubeni Corp. | 91,000 | 756,738 | ||||||
Marui Group Co. Ltd. | 9,500 | 178,368 | ||||||
Mitsubishi Corp. | 30,400 | 859,323 | ||||||
Mitsubishi Estate Co. Ltd. | 8,000 | 139,620 | ||||||
Mitsubishi UFJ Financial Group, Inc. | 117,760 | 629,271 | ||||||
Mitsubishi UFJ Financial Group, Inc. - ADR | 10,860 | 58,427 | ||||||
Mitsui & Co. Ltd. | 27,090 | 563,187 | ||||||
Mitsui & Co. Ltd. - ADR | 1,204 | 507,474 | ||||||
Mitsui OSK Lines Ltd. | 16,000 | 559,926 | ||||||
Mizuho Financial Group, Inc. | 60,120 | 868,173 |
Schedule of Portfolio Investments (Continued) | ||||||||
Praxis International Index Fund | ||||||||
COMMON STOCKS - 98.0% (Continued) | Shares | Fair Value | ||||||
JAPAN - 15.4% (Continued) | ||||||||
Murata Manufacturing Co. Ltd. | 12,900 | $ | 1,030,099 | |||||
Murata Manufacturing Co. Ltd. - ADR | 916 | 18,466 | ||||||
Nexon Co. Ltd. | 10,300 | 333,941 | ||||||
Nidec Corp. - ADR | 34,780 | 1,064,964 | ||||||
Nikon Corp. | 13,000 | 121,513 | ||||||
Nintendo Co. Ltd. | 300 | 167,463 | ||||||
Nintendo Co. Ltd. - ADR (b) | 14,840 | 1,050,672 | ||||||
Nippon Prologis REIT, Inc. | 166 | 532,950 | ||||||
Nippon Telegraph & Telephone Corp. | 12,900 | 331,095 | ||||||
Nomura Holdings, Inc. | 65,900 | 346,018 | ||||||
Nomura Real Estate Master Fund, Inc. | 222 | 333,614 | ||||||
Nomura Research Institute Ltd. | 10,200 | 315,500 | ||||||
Omron Corp. | 7,900 | 616,424 | ||||||
Oriental Land Co. Ltd. | 2,960 | 444,418 | ||||||
Pan Pacific International Holdings Corp. | 9,295 | 219,177 | ||||||
Recruit Holdings Co. Ltd. | 20,650 | 1,007,240 | ||||||
Ricoh Co. Ltd. | 36,000 | 365,433 | ||||||
Secom Co. Ltd. | 2,880 | 242,226 | ||||||
Seibu Holdings, Inc. (a) | 40,300 | 444,021 | ||||||
Sekisui House Ltd. | 8,000 | 171,518 | ||||||
Sekisui House Ltd. - ADR (b) | 21,690 | 469,914 | ||||||
Seven & i Holdings Co. Ltd. | 17,400 | 701,318 | ||||||
Shimadzu Corp. | 17,000 | 614,880 | ||||||
Shimano, Inc. | 2,084 | 496,397 | ||||||
Shin-Etsu Chemical Co. Ltd. | 6,100 | 1,025,215 | ||||||
Shiseido Co. Ltd. | 2,100 | 140,760 | ||||||
Shiseido Co. Ltd. - ADR (b) | 7,565 | 511,999 | ||||||
SMC Corp. | 678 | 393,774 | ||||||
SoftBank Group Corp. | 14,400 | 1,213,341 | ||||||
SoftBank Group Corp. - ADR (b) | 12,750 | 542,640 | ||||||
Sony Group Corp. - ADR | 23,139 | 2,452,965 | ||||||
Sumitomo Corp. | 23,254 | 331,183 | ||||||
Sumitomo Metal Mining Co. Ltd. | 8,000 | 345,275 | ||||||
Sumitomo Mitsui Trust Holdings, Inc. | 11,000 | 383,359 | ||||||
Suzuken Co. Ltd. | 7,100 | 277,321 | ||||||
Sysmex Corp. | 1,700 | 183,082 |
Schedule of Portfolio Investments (Continued) | ||||||||
Praxis International Index Fund | ||||||||
COMMON STOCKS - 98.0% (Continued) | Shares | Fair Value | ||||||
JAPAN - 15.4% (Continued) | ||||||||
Takeda Pharmaceutical Co. Ltd. | 14,800 | $ | 532,634 | |||||
TDK Corp. | 3,800 | 526,095 | ||||||
Terumo Corp. | 10,972 | 396,256 | ||||||
Tokyo Electron Ltd. | 1,900 | 802,870 | ||||||
Tokyo Electron Ltd. - ADR | 1,464 | 159,942 | ||||||
Toppan Printing Co. Ltd. | 62,000 | 1,047,061 | ||||||
Toray Industries, Inc. | 50,000 | 321,731 | ||||||
TOTO Ltd. | 4,000 | 245,645 | ||||||
Toyota Motor Corp. - ADR | 11,838 | 1,847,438 | ||||||
Unicharm Corp. | 7,700 | 323,009 | ||||||
USS Co. Ltd. | 15,320 | 299,402 | ||||||
Wacoal Holdings Corp. - ADR | 1,316 | 145,089 | ||||||
Welcia Holdings Co. Ltd. | 8,094 | 277,770 | ||||||
Yamaha Corp. | 3,877 | 210,431 | ||||||
Yamaha Motor Co. Ltd. | 29,800 | 729,599 | ||||||
Yaskawa Electric Corp. | 6,600 | 328,423 | ||||||
Yokogawa Electric Corp. | 19,600 | 360,744 | ||||||
Z Holdings Corp. | 36,079 | 179,403 | ||||||
53,499,757 | ||||||||
JERSEY - 0.7% | ||||||||
Experian plc - ADR (b) | 11,145 | 384,168 | ||||||
Ferguson plc | 508 | 60,700 | ||||||
Ferguson plc - ADR (b) | 5,680 | 682,338 | ||||||
Glencore plc (a) | 248,450 | 973,518 | ||||||
WPP plc | 34,966 | 443,733 | ||||||
2,544,457 | ||||||||
LUXEMBOURG - 0.6% | ||||||||
ArcelorMittal S.A. - ADR (a) (b) | 21,319 | 621,875 | ||||||
Aroundtown S.A. | 56,076 | 399,040 | ||||||
Tenaris S.A. | 35,185 | 396,481 | ||||||
Tenaris S.A. - ADR | 26,739 | 606,708 | ||||||
2,024,104 | ||||||||
MEXICO - 0.9% | ||||||||
Coca-Cola Femsa S.A.B. de C.V. - ADR | 8,455 | 390,621 | ||||||
Fomento Economico Mexicano S.A.B. de C.V. - ADR | 12,658 | 953,527 | ||||||
Grupo Aeroportuario del Pacifico S.A.B. de C.V. - ADR (a) | 2,661 | 279,911 |
Schedule of Portfolio Investments (Continued) | ||||||||
Praxis International Index Fund | ||||||||
COMMON STOCKS - 98.0% (Continued) | Shares | Fair Value | ||||||
MEXICO - 0.9% (Continued) | ||||||||
Grupo Aeroportuario del Sureste S.A.B. de C.V. - ADR (a) | 2,464 | $ | 438,074 | |||||
Grupo Televisa S.A.B. - ADR (a) | 39,194 | 347,259 | ||||||
Wal-Mart de Mexico S.A.B. de C.V. - ADR | 26,577 | 840,365 | ||||||
3,249,757 | ||||||||
NETHERLANDS - 3.2% | ||||||||
Adyen N.V. (a) | 349 | 778,806 | ||||||
Akzo Nobel N.V. - ADR | 9,200 | 344,540 | ||||||
ASML Holding N.V. - ADR | 6,611 | 4,081,367 | ||||||
ING Groep N.V. | 12,870 | 157,397 | ||||||
ING Groep N.V. - ADR | 40,673 | 497,431 | ||||||
Koninklijke Ahold Delhaize N.V. | 5,491 | 152,885 | ||||||
Koninklijke Ahold Delhaize N.V. - ADR | 24,466 | 682,846 | ||||||
Koninklijke DSM N.V. | 4,332 | 732,834 | ||||||
Koninklijke Philips N.V. (a) | 16,004 | 912,708 | ||||||
Prosus N.V. (a) | 5,540 | 615,700 | ||||||
Prosus N.V. - ADR | 4,090 | 90,921 | ||||||
QIAGEN N.V. (a) | 7,847 | 382,071 | ||||||
Stellantis N.V. | 42,053 | 743,446 | ||||||
STMicroelectronics N.V. - ADR (b) | 14,434 | 553,255 | ||||||
Wolters Kluwer N.V. | 5,108 | 443,851 | ||||||
11,170,058 | ||||||||
NORWAY - 1.2% | ||||||||
Equinor ASA - ADR | 158,981 | 3,093,770 | ||||||
Mowi ASA | 10,838 | 268,870 | ||||||
Norsk Hydro ASA | 112,833 | 722,349 | ||||||
4,084,989 | ||||||||
PAPUA NEW GUINEA - 0.2% | ||||||||
Oil Search Ltd. | 189,182 | 589,173 | ||||||
PHILIPPINES - 0.2% | ||||||||
PLDT, Inc. - ADR | 20,806 | 544,285 | ||||||
PORTUGAL - 0.4% | ||||||||
EDP - Energias de Portugal S.A. | 50,604 | 288,912 | ||||||
Galp Energia SGPS S.A. | 95,484 | 1,110,435 | ||||||
1,399,347 |
Schedule of Portfolio Investments (Continued) | ||||||||
Praxis International Index Fund | ||||||||
COMMON STOCKS - 98.0% (Continued) | Shares | Fair Value | ||||||
RUSSIA - 0.2% | ||||||||
Mobile TeleSystems PJSC - ADR | 86,910 | $ | 724,829 | |||||
SINGAPORE - 1.0% | ||||||||
BOC Aviation Ltd. | 49,200 | 476,563 | ||||||
CapitaLand Integrated Commercial Trust | 359,120 | 579,342 | ||||||
CapitaLand Ltd. | 183,000 | 511,534 | ||||||
City Developments Ltd. (a) | 64,000 | 379,681 | ||||||
DBS Group Holdings Ltd. - ADR | 11,392 | 984,611 | ||||||
Keppel REIT | 737 | 668 | ||||||
Venture Corp. Ltd. | 30,000 | 447,392 | ||||||
3,379,791 | ||||||||
SOUTH AFRICA - 1.3% | ||||||||
FirstRand Ltd. | 201,574 | 704,815 | ||||||
Gold Fields Ltd. - ADR | 10,896 | 103,403 | ||||||
Impala Platinum Holdings Ltd. - ADR (b) | 34,408 | 646,010 | ||||||
Mr Price Group Ltd. | 46,588 | 610,976 | ||||||
MultiChoice Group Ltd. | 36,500 | 318,814 | ||||||
Naspers Ltd. - Class N - ADR | 40,960 | 1,964,032 | ||||||
Standard Bank Group Ltd. | 37,092 | 315,140 | ||||||
4,663,190 | ||||||||
SOUTH KOREA - 3.1% | ||||||||
KB Financial Group, Inc. - ADR (b) | 40,933 | 2,023,318 | ||||||
Korea Electric Power Corp. - ADR (b) | 70,644 | 724,808 | ||||||
KT Corp. - ADR (b) | 64,555 | 803,064 | ||||||
LG Display Co. Ltd. - ADR (b) | 32,327 | 322,947 | ||||||
POSCO - ADR | 29,742 | 2,147,372 | ||||||
Shinhan Financial Group Co. Ltd. - ADR | 51,274 | 1,719,730 | ||||||
SK Telecom Co. Ltd. - ADR (b) | 70,837 | 1,928,892 | ||||||
Woori Financial Group, Inc. - ADR | 39,921 | 1,081,859 | ||||||
10,751,990 | ||||||||
SPAIN - 2.0% | ||||||||
Aena SME S.A. (a) | 1,340 | 217,259 | ||||||
Amadeus IT Group S.A. (a) | 9,206 | 651,651 | ||||||
Cellnex Telecom S.A. | 3,788 | 218,043 | ||||||
Iberdrola S.A. | 45,814 | 589,996 | ||||||
Iberdrola S.A. - ADR | 16,749 | 866,057 |
Schedule of Portfolio Investments (Continued) | ||||||||
Praxis International Index Fund | ||||||||
COMMON STOCKS - 98.0% (Continued) | Shares | Fair Value | ||||||
SPAIN - 2.0% (Continued) | ||||||||
Industria de Diseno Textil S.A. | 35,166 | $ | 1,158,458 | |||||
Naturgy Energy Group S.A. | 12,657 | 310,119 | ||||||
Repsol S.A. | 140,542 | 1,739,887 | ||||||
Repsol S.A. - ADR | 6,104 | 75,812 | ||||||
Siemens Gamesa Renewable Energy S.A. | 14,962 | 578,835 | ||||||
Telefónica S.A. | 75,459 | 337,663 | ||||||
Telefónica S.A. - ADR | 34,242 | 155,116 | ||||||
6,898,896 | ||||||||
SWEDEN - 2.1% | ||||||||
Assa Abloy AB - Class B | 14,650 | 421,061 | ||||||
Atlas Copco AB - A Shares | 8,922 | 543,101 | ||||||
Atlas Copco AB - Class A - ADR | 10,074 | 615,723 | ||||||
Boliden AB | 25,785 | 956,634 | ||||||
Essity AB - Series B (b) | 12,219 | 386,030 | ||||||
Hennes & Mauritz AB - B Shares (a) | 19,185 | 432,225 | ||||||
Hexagon AB - B Shares | 8,347 | 769,987 | ||||||
Kinnevik AB - Class B (a) | 17,337 | 842,922 | ||||||
Sandvik AB (a) | 17,709 | 483,836 | ||||||
Sandvik AB - ADR (a) | 13,048 | 357,502 | ||||||
Svenska Cellulosa AB S.C.A. - Class B | 16,418 | 290,551 | ||||||
Svenska Handelsbanken AB - A Shares | 31,804 | 345,461 | ||||||
Telefonaktiebolaget LM Ericsson - B Shares | 60,032 | 794,303 | ||||||
7,239,336 | ||||||||
SWITZERLAND - 5.7% | ||||||||
ABB Ltd. - ADR | 33,452 | 1,019,283 | ||||||
Adecco Group AG | 3,938 | 265,189 | ||||||
Adecco Group AG - ADR | 4,982 | 167,296 | ||||||
Barry Callebaut AG | 265 | 598,959 | ||||||
Coca-Cola HBC AG | 6,858 | 218,381 | ||||||
Credit Suisse Group AG | 51,770 | 542,439 | ||||||
Credit Suisse Group AG - ADR (b) | 11,870 | 125,822 | ||||||
Geberit AG | 2,043 | 1,300,547 | ||||||
Givaudan S.A. | 272 | 1,048,235 | ||||||
Groupe Bruxelles Lambert S.A. | 2,460 | 253,989 | ||||||
LafargeHolcim Ltd. | 8,532 | 501,426 | ||||||
Logitech International S.A. (b) | 5,434 | 567,853 |
Schedule of Portfolio Investments (Continued) | ||||||||
Praxis International Index Fund | ||||||||
COMMON STOCKS - 98.0% (Continued) | Shares | Fair Value | ||||||
SWITZERLAND - 5.7% (Continued) | ||||||||
Lonza Group AG | 1,788 | $ | 999,724 | |||||
Lonza Group AG - ADR | 1,070 | 59,588 | ||||||
Nestlé S.A. - ADR | 36,016 | 4,016,144 | ||||||
Partners Group Holding AG | 644 | 822,513 | ||||||
Roche Holding AG - ADR | 82,968 | 3,365,182 | ||||||
Sika AG | 852 | 243,418 | ||||||
Swatch Group AG (The) | 828 | 238,226 | ||||||
Swiss Re AG | 6,096 | 599,640 | ||||||
Swisscom AG | 1,946 | 1,044,000 | ||||||
UBS Group AG | 2 | 31 | ||||||
UBS Group AG | 22,324 | 345,712 | ||||||
Zurich Insurance Group AG | 492 | 210,015 | ||||||
Zurich Insurance Group AG - ADR | 24,700 | 1,060,371 | ||||||
19,613,983 | ||||||||
TAIWAN - 4.9% | ||||||||
ASE Industrial Holding Co. Ltd. - ADR | 126,937 | 977,415 | ||||||
AU Optronics Corp. - ADR (a) | 157,981 | 1,184,857 | ||||||
Chunghwa Telecom Co. Ltd. - ADR | 81,619 | 3,194,568 | ||||||
Taiwan Semiconductor Manufacturing Co. Ltd. - ADR | 89,014 | 10,528,576 | ||||||
United Microelectronics Corp. - ADR | 114,499 | 1,043,086 | ||||||
16,928,502 | ||||||||
TURKEY - 0.2% | ||||||||
Turkcell Iletisim Hizmetleri A.S. - ADR (b) | 127,033 | 593,244 | ||||||
UNITED KINGDOM - 7.5% | ||||||||
3i Group plc | 68,813 | 1,094,190 | ||||||
Antofagasta plc | 47,452 | 1,105,140 | ||||||
Ashtead Group plc | 11,037 | 658,328 | ||||||
AstraZeneca plc - ADR (b) | 42,278 | 2,102,062 | ||||||
Aviva plc | 62,051 | 349,161 | ||||||
Berkeley Group Holdings plc (The) | 7,006 | 428,610 | ||||||
British Land Co. plc (The) | 62,287 | 433,261 | ||||||
BT Group plc (a) | 130,919 | 279,369 | ||||||
Burberry Group plc (a) | 13,434 | 351,577 | ||||||
Coca-Cola European Partners plc | 9,316 | 485,923 | ||||||
Compass Group plc (a) | 35,682 | 718,874 |
Schedule of Portfolio Investments (Continued) | ||||||||
Praxis International Index Fund | ||||||||
COMMON STOCKS - 98.0% (Continued) | Shares | Fair Value | ||||||
UNITED KINGDOM - 7.5% (Continued) | ||||||||
GlaxoSmithKline plc - ADR (b) | 54,084 | $ | 1,930,258 | |||||
Halma plc | 17,839 | 583,789 | ||||||
HSBC Holdings plc - ADR | 41,784 | 1,217,586 | ||||||
Informa plc (a) | 99,047 | 764,326 | ||||||
InterContinental Hotels Group plc (a) | 732 | 50,201 | ||||||
InterContinental Hotels Group plc - ADR (a) | 4,765 | 328,308 | ||||||
ITV plc | 307,997 | 510,123 | ||||||
Kingfisher plc (a) | 106,863 | 468,887 | ||||||
Land Securities Group plc | 22,749 | 216,379 | ||||||
Legal & General Group plc | 210,040 | 808,102 | ||||||
Lloyds Banking Group plc (a) | 437,921 | 256,741 | ||||||
Lloyds Banking Group plc - ADR (a) | 2,891 | 6,707 | ||||||
London Stock Exchange Group plc | 7,929 | 758,547 | ||||||
Mondi plc | 17,385 | 443,354 | ||||||
National Grid plc - ADR | 2,629 | 155,742 | ||||||
Ocado Group plc (a) | 11,653 | 326,894 | ||||||
PEARSON plc | 41,697 | 443,393 | ||||||
PEARSON plc - ADR | 11,827 | 126,431 | ||||||
Prudential plc - ADR (b) | 17,512 | 747,587 | ||||||
Reckitt Benckiser Group plc | 3,212 | 287,713 | ||||||
Reckitt Benckiser Group plc - ADR | 46,685 | 849,200 | ||||||
RELX plc | 58,665 | 1,471,012 | ||||||
RELX plc - ADR | 12,882 | 324,111 | ||||||
Rentokil Initial plc (a) | 62,540 | 417,606 | ||||||
Sage Group plc (The) | 33,781 | 285,362 | ||||||
Sage Group plc (The) - ADR | 2,320 | 79,854 | ||||||
Segro plc | 65,385 | 844,904 | ||||||
Tesco plc | 36,317 | 114,568 | ||||||
Tesco plc - ADR | 23,629 | 224,003 | ||||||
Unilever plc - ADR | 36,649 | 2,046,114 | ||||||
Vodafone Group plc - ADR (b) | 39,744 | 732,482 | ||||||
25,826,779 | ||||||||
TOTAL COMMON STOCKS (Cost $211,388,395) | $ | 339,506,769 |
Schedule of Portfolio Investments (Continued) | ||||||||
Praxis International Index Fund | ||||||||
RIGHTS - 0.0% (c) | Shares | Fair Value | ||||||
CHILE - 0.0% (c) | ||||||||
Sociedad Quimica y Minera de Chile S.A. (a) (Cost $2,108) | 2,104 | $ | 6,522 |
CORPORATE NOTES - 0.8% | Coupon | Maturity | Par Value | Fair Value | ||||||||||||
COMMUNITY DEVELOPMENT - 0.8% | ||||||||||||||||
Calvert Social Investment Foundation, Inc. (d) | 2.000 | % | 06/15/22 | $ | 290,000 | $ | 290,000 | |||||||||
Calvert Social Investment Foundation, Inc. (d) | 3.000 | % | 06/15/23 | 870,000 | 870,000 | |||||||||||
Calvert Social Investment Foundation, Inc. (d) | 3.000 | % | 12/15/23 | 480,000 | 480,000 | |||||||||||
Calvert Social Investment Foundation, Inc. (d) | 3.000 | % | 06/17/24 | 290,000 | 290,000 | |||||||||||
Calvert Social Investment Foundation, Inc. (d) | 3.000 | % | 12/15/24 | 120,000 | 120,000 | |||||||||||
Calvert Social Investment Foundation, Inc. (d) | 2.500 | % | 06/13/25 | 500,000 | 499,000 | |||||||||||
Calvert Social Investment Foundation, Inc. (d) | 2.500 | % | 12/15/25 | 400,000 | 400,000 | |||||||||||
TOTAL CORPORATE NOTES (Cost $2,950,000) | $ | 2,949,000 | ||||||||||||||
MONEY MARKET FUNDS - 0.7% | �� | Shares | Fair Value | |||||||||||||
First American Government Obligations Fund - Class X, 0.04% (e) (Cost $2,350,968) | 2,350,968 | $ | 2,350,968 |
Schedule of Portfolio Investments (Continued) | ||||||||
Praxis International Index Fund | ||||||||
COLLATERAL FOR SECURITIES LOANED - 8.7% | Shares | Fair Value | ||||||
Mount Vernon Liquid Assets Portfolio, LLC, 0.11% (e) (f) (Cost $30,009,047) | 30,009,047 | $ | 30,009,047 | |||||
TOTAL INVESTMENTS - (Cost $246,700,518) - 108.2% | $ | 374,822,306 | ||||||
LIABILITES IN EXESS OF OTHER ASSETS - (8.2%) | (28,442,180 | ) | ||||||
NET ASSETS - 100.0% | $ | 346,380,126 |
(a) | Non-income producing security. |
(b) | All or a portion of the security is on loan. The total value of the securities on loan as of March 31, 2021 was $29,465,474. |
(c) | Percentage rounds to less than 0.1%. |
(d) | Restricted and illiquid securities not registered under the Securities Act of 1933 are as follows: |
Acquisition | Current | Fair | % of Net | |||||||||||
Date | Cost | Value | Assets | |||||||||||
Calvert Social Investment Foundation, Inc. 2.000%, 06/15/22 | 06/17/19 | $ | 290,000 | $ | 290,000 | 0.1 | % | |||||||
Calvert Social Investment Foundation, Inc. 3.000%, 06/15/23 | 06/18/18 | 870,000 | 870,000 | 0.3 | % | |||||||||
Calvert Social Investment Foundation, Inc. 3.000%, 12/15/23 | 12/17/18 | 480,000 | 480,000 | 0.1 | % | |||||||||
Calvert Social Investment Foundation, Inc. 3.000%, 06/17/24 | 06/17/19 | 290,000 | 290,000 | 0.1 | % | |||||||||
Calvert Social Investment Foundation, Inc. 3.000%, 12/13/24 | 12/12/19 | 120,000 | 120,000 | 0.0 | %(c) | |||||||||
Calvert Social Investment Foundation, Inc. 2.500%, 06/13/20 | 06/12/20 | 500,000 | 499,000 | 0.1 | % | |||||||||
Calvert Social Investment Foundation, Inc. 2.500%, 12/15/25 | 12/15/20 | 400,000 | 400,000 | 0.1 | % | |||||||||
$ | 2,950,000 | $ | 2,949,000 | 0.8 | % |
(e) | The rate shown is the 7-day effective yield as of March 31, 2021. |
(f) | The security was purchased with cash collateral held from securities on loan. |
ADR - American Depositary Receipt
CDI - CHESS Depositary Interest
plc - Public Liability Company
REIT - Real Estate Investment Trust
Schedule of Portfolio Investments (Continued)
Praxis International Index Fund
March 31, 2021 (Unaudited)
Common Stocks & Rights by Sector/Industry | % of Net Assets |
Communications - 11.3% | |
Advertising & Marketing | 0.3% |
Cable & Satellite | 0.4% |
Entertainment Content | 0.9% |
Internet Media & Services | 4.4% |
Publishing & Broadcasting | 0.5% |
Telecommunications | 4.8% |
Consumer Discretionary - 12.3% | |
Apparel & Textile Products | 1.4% |
Automotive | 2.6% |
Consumer Services | 0.8% |
E-Commerce Discretionary | 2.6% |
Home Construction | 1.0% |
Leisure Facilities & Services | 1.2% |
Leisure Products | 0.4% |
Retail - Discretionary | 2.0% |
Wholesale - Discretionary | 0.3% |
Consumer Staples - 6.6% | |
Beverages | 0.7% |
Food | 1.6% |
Household Products | 2.3% |
Retail - Consumer Staples | 1.5% |
Wholesale - Consumer Staples | 0.5% |
Energy - 2.9% | |
Oil & Gas Producers | 2.5% |
Renewable Energy | 0.4% |
Financials - 18.1% | |
Asset Management | 1.3% |
Banking | 10.3% |
Institutional Financial Services | 1.2% |
Insurance | 5.1% |
Specialty Finance | 0.2% |
Schedule of Portfolio Investments (Continued) | |
Common Stocks & Rights by Sector/Industry | % of Net Assets |
Health Care - 7.5% | |
Biotech & Pharma | 4.7% |
Health Care Facilities & Services | 1.1% |
Medical Equipment & Devices | 1.7% |
Industrials - 10.2% | |
Commercial Support Services | 1.9% |
Diversified Industrials | 0.8% |
Electrical Equipment | 1.6% |
Engineering & Construction | 0.1% |
Industrial Support Services | 0.7% |
Machinery | 2.2% |
Transportation & Logistics | 2.8% |
Transportation Equipment | 0.1% |
Materials - 8.5% | |
Chemicals | 2.5% |
Construction Materials | 0.7% |
Containers & Packaging | 0.4% |
Forestry, Paper & Wood Products | 0.5% |
Metals & Mining | 2.9% |
Steel | 1.5% |
Real Estate - 3.8% | |
Real Estate Owners & Developers | 1.5% |
Real Estate Services | 0.1% |
REITs | 2.2% |
Technology - 14.6% | |
Semiconductors | 5.6% |
Software | 1.0% |
Technology Hardware | 4.2% |
Technology Services | 3.8% |
Utilities - 2.2% | |
Electric & Gas Marketing & Trading | 0.3% |
Electric Utilities | 1.6% |
Gas & Water Utilities | 0.3% |
98.0% |
Schedule of Portfolio Investments | ||||||||
Praxis Value Index Fund | ||||||||
March 31, 2021 (Unaudited) | ||||||||
COMMON STOCKS - 98.5% | Shares | Fair Value | ||||||
ADVERTISING & MARKETING - 0.2% | ||||||||
Omnicom Group, Inc. | 10,229 | $ | 758,480 | |||||
APPAREL & TEXTILE PRODUCTS - 0.7% | ||||||||
NIKE, Inc. - Class B | 9,970 | 1,324,913 | ||||||
PVH Corp. (a) | 3,270 | 345,639 | ||||||
VF Corp. | 7,520 | 600,999 | ||||||
2,271,551 | ||||||||
ASSET MANAGEMENT - 0.8% | ||||||||
BlackRock, Inc. | 762 | 574,517 | ||||||
Charles Schwab Corp. (The) | 30,770 | 2,005,589 | ||||||
2,580,106 | ||||||||
AUTOMOTIVE - 0.4% | ||||||||
BorgWarner, Inc. | 14,870 | 689,373 | ||||||
Ford Motor Co. (a) | 65,763 | 805,597 | ||||||
1,494,970 | ||||||||
BANKING - 9.5% | ||||||||
Bank of America Corp. | 169,070 | 6,541,318 | ||||||
Citigroup, Inc. | 47,726 | 3,472,067 | ||||||
Citizens Financial Group, Inc. | 10,900 | 481,235 | ||||||
Comerica, Inc. | 9,200 | 660,008 | ||||||
Fifth Third Bancorp | 19,490 | 729,900 | ||||||
Huntington Bancshares, Inc. | 33,170 | 521,432 | ||||||
JPMorgan Chase & Co. | 69,925 | 10,644,683 | ||||||
KeyCorp | 21,488 | 429,330 | ||||||
M&T Bank Corp. | 4,696 | 711,961 | ||||||
People's United Financial, Inc. | 32,700 | 585,330 | ||||||
PNC Financial Services Group, Inc. (The) | 11,631 | 2,040,194 | ||||||
Regions Financial Corp. | 24,860 | 513,608 | ||||||
Truist Financial Corp. | 32,700 | 1,907,064 | ||||||
U.S. Bancorp | 44,707 | 2,472,744 | ||||||
Zions Bancorp., N.A. | 9,670 | 531,463 | ||||||
32,242,337 | ||||||||
BEVERAGES - 2.2% | ||||||||
Coca-Cola Co. (The) | 73,340 | 3,865,751 | ||||||
PepsiCo, Inc. | 25,859 | 3,657,756 | ||||||
7,523,507 |
Schedule of Portfolio Investments (Continued) | ||||||||
Praxis Value Index Fund | ||||||||
COMMON STOCKS - 98.5% (Continued) | Shares | Fair Value | ||||||
BIOTECH & PHARMA - 5.7% | ||||||||
AbbVie, Inc. | 11,026 | $ | 1,193,234 | |||||
Alexion Pharmaceuticals, Inc. (a) | 2,380 | 363,926 | ||||||
Amgen, Inc. (b) | 7,744 | 1,926,785 | ||||||
Biogen, Inc. (a) | 2,300 | 643,425 | ||||||
Bristol-Myers Squibb Co. | 28,879 | 1,823,131 | ||||||
Eli Lilly & Co. | 5,310 | 992,014 | ||||||
Gilead Sciences, Inc. | 32,650 | 2,110,169 | ||||||
Johnson & Johnson | 40,071 | 6,585,669 | ||||||
Merck & Co., Inc. | 34,740 | 2,678,107 | ||||||
Viatris, Inc. (a) | 39,840 | 556,565 | ||||||
Zoetis, Inc. | 3,990 | 628,345 | ||||||
19,501,370 | ||||||||
CABLE & SATELLITE - 1.0% | ||||||||
Comcast Corp. - Class A | 60,520 | 3,274,737 | ||||||
CHEMICALS - 4.1% | ||||||||
Air Products & Chemicals, Inc. | 6,347 | 1,785,665 | ||||||
Celanese Corp. | 4,040 | 605,232 | ||||||
Dow, Inc. | 8,860 | 566,508 | ||||||
DuPont de Nemours, Inc. | 6,988 | 540,033 | ||||||
Eastman Chemical Co. | 3,900 | 429,468 | ||||||
Ecolab, Inc. | 5,080 | 1,087,476 | ||||||
International Flavors & Fragrances, Inc. | 8,432 | 1,177,192 | ||||||
Linde plc | 11,936 | 3,343,751 | ||||||
LyondellBasell Industries N.V. - Class A | 23,490 | 2,444,134 | ||||||
PPG Industries, Inc. (b) | 8,830 | 1,326,796 | ||||||
Sherwin-Williams Co. (The) (b) | 960 | 708,490 | ||||||
14,014,745 | ||||||||
COMMERCIAL SUPPORT SERVICES - 1.9% | ||||||||
Republic Services, Inc. | 25,760 | 2,559,256 | ||||||
Robert Half International, Inc. | 8,160 | 637,051 | ||||||
Waste Management, Inc. | 25,070 | 3,234,532 | ||||||
6,430,839 | ||||||||
CONSTRUCTION MATERIALS - 0.1% | ||||||||
Martin Marietta Materials, Inc. | 1,050 | 352,611 | ||||||
CONTAINERS & PACKAGING - 0.5% | ||||||||
Ball Corp. | 5,768 | 488,780 |
Schedule of Portfolio Investments (Continued) | ||||||||
Praxis Value Index Fund | ||||||||
COMMON STOCKS - 98.5% (Continued) | Shares | Fair Value | ||||||
CONTAINERS & PACKAGING - 0.5% (Continued) | ||||||||
International Paper Co. | 12,160 | $ | 657,491 | |||||
WestRock Co. | 10,430 | 542,882 | ||||||
1,689,153 | ||||||||
DIVERSIFIED INDUSTRIALS - 1.1% | ||||||||
Dover Corp. | 5,253 | 720,344 | ||||||
Emerson Electric Co. | 5,624 | 507,397 | ||||||
Illinois Tool Works, Inc. (b) | 11,135 | 2,466,625 | ||||||
3,694,366 | ||||||||
ELECTRIC UTILITIES - 3.8% | ||||||||
AES Corp. (The) | 27,234 | 730,144 | ||||||
American Electric Power Co., Inc. | 11,030 | 934,241 | ||||||
CMS Energy Corp. | 6,220 | 380,788 | ||||||
Consolidated Edison, Inc. | 16,641 | 1,244,747 | ||||||
DTE Energy Co. | 4,170 | 555,194 | ||||||
Duke Energy Corp. | 18,704 | 1,805,497 | ||||||
Edison International (b) | 11,827 | 693,062 | ||||||
Eversource Energy | 10,350 | 896,207 | ||||||
NextEra Energy, Inc. | 32,340 | 2,445,227 | ||||||
Sempra Energy | 8,983 | 1,190,966 | ||||||
Southern Co. (The) | 25,121 | 1,561,521 | ||||||
Xcel Energy, Inc. | 9,094 | 604,842 | ||||||
13,042,436 | ||||||||
ELECTRICAL EQUIPMENT - 3.2% | ||||||||
Carrier Global Corp. | 9,550 | 403,201 | ||||||
Johnson Controls International plc | 119,847 | 7,151,270 | ||||||
Keysight Technologies, Inc. (a) | 4,270 | 612,318 | ||||||
Otis Worldwide Corp. | 5,570 | 381,267 | ||||||
Rockwell Automation, Inc. | 5,250 | 1,393,560 | ||||||
Roper Technologies, Inc. | 2,520 | 1,016,417 | ||||||
10,958,033 | ||||||||
ENTERTAINMENT CONTENT - 3.1% | ||||||||
Activision Blizzard, Inc. | 6,620 | 615,660 | ||||||
Discovery, Inc. (a) (b) | 19,010 | 826,174 | ||||||
Electronic Arts, Inc. | 2,910 | 393,927 | ||||||
Fox Corp. - Class A (b) | 15,020 | 542,372 | ||||||
ViacomCBS, Inc. - Class B | 14,746 | 665,045 |
Schedule of Portfolio Investments (Continued) | ||||||||
Praxis Value Index Fund | ||||||||
COMMON STOCKS - 98.5% (Continued) | Shares | Fair Value | ||||||
ENTERTAINMENT CONTENT - 3.1% (Continued) | ||||||||
Walt Disney Co. (The) (a) | 40,279 | $ | 7,432,281 | |||||
10,475,459 | ||||||||
FOOD - 2.0% | ||||||||
Campbell Soup Co. (b) | 7,050 | 354,403 | ||||||
Conagra Brands, Inc. (b) | 16,070 | 604,232 | ||||||
General Mills, Inc. | 16,104 | 987,497 | ||||||
Hershey Co. (The) (b) | 2,830 | 447,593 | ||||||
Hormel Foods Corp. (b) | 8,250 | 394,185 | ||||||
Kellogg Co. (b) | 6,820 | 431,706 | ||||||
Kraft Heinz Co. (The) | 15,130 | 605,200 | ||||||
McCormick & Co., Inc. | 4,900 | 436,884 | ||||||
Mondelez International, Inc. - Class A | 34,022 | 1,991,308 | ||||||
Tyson Foods, Inc. - Class A | 9,110 | 676,873 | ||||||
6,929,881 | ||||||||
GAS & WATER UTILITIES - 0.4% | ||||||||
American Water Works Co., Inc. | 4,630 | 694,129 | ||||||
NiSource, Inc. | 29,770 | 717,755 | ||||||
1,411,884 | ||||||||
HEALTH CARE FACILITIES & SERVICES - 4.6% | ||||||||
AmerisourceBergen Corp. | 8,740 | 1,031,932 | ||||||
Anthem, Inc. | 6,020 | 2,160,879 | ||||||
Cardinal Health, Inc. | 12,620 | 766,665 | ||||||
Centene Corp. (a) | 10,170 | 649,965 | ||||||
Cigna Corp. | 6,662 | 1,610,472 | ||||||
CVS Health Corp. | 29,554 | 2,223,347 | ||||||
HCA Healthcare, Inc. | 4,100 | 772,194 | ||||||
Humana, Inc. | 1,420 | 595,335 | ||||||
IQVIA Holdings, Inc. (a) | 2,920 | 563,969 | ||||||
Laboratory Corp. of America Holdings (a) | 2,120 | 540,664 | ||||||
McKesson Corp. | 5,714 | 1,114,458 | ||||||
UnitedHealth Group, Inc. | 9,750 | 3,627,682 | ||||||
15,657,562 | ||||||||
HOUSEHOLD PRODUCTS - 1.7% | ||||||||
Church & Dwight Co., Inc. | 6,650 | 580,878 | ||||||
Estée Lauder Cos., Inc. (The) - Class A | 2,230 | 648,596 | ||||||
Kimberly-Clark Corp. | 3,750 | 521,437 |
Schedule of Portfolio Investments (Continued) | ||||||||
Praxis Value Index Fund | ||||||||
COMMON STOCKS - 98.5% (Continued) | Shares | Fair Value | ||||||
HOUSEHOLD PRODUCTS - 1.7% (Continued) | ||||||||
Procter & Gamble Co. (The) | 30,256 | $ | 4,097,570 | |||||
5,848,481 | ||||||||
INDUSTRIAL SUPPORT SERVICES - 0.1% | ||||||||
W.W. Grainger, Inc. | 1,090 | 437,014 | ||||||
INSTITUTIONAL FINANCIAL SERVICES - 2.7% | ||||||||
Bank of New York Mellon Corp. (The) | 25,784 | 1,219,325 | ||||||
CME Group, Inc. | 9,190 | 1,876,874 | ||||||
Goldman Sachs Group, Inc. (The) | 6,197 | 2,026,419 | ||||||
Intercontinental Exchange, Inc. | 5,470 | 610,890 | ||||||
Morgan Stanley | 29,931 | 2,324,441 | ||||||
Northern Trust Corp. | 6,297 | 661,878 | ||||||
State Street Corp. | 6,610 | 555,306 | ||||||
9,275,133 | ||||||||
INSURANCE - 5.2% | ||||||||
Aflac, Inc. | 20,270 | 1,037,419 | ||||||
Allstate Corp. (The) | 10,919 | 1,254,593 | ||||||
American International Group, Inc. | 29,507 | 1,363,518 | ||||||
Arthur J. Gallagher & Co. | 2,930 | 365,576 | ||||||
Assurant, Inc. | 4,170 | 591,181 | ||||||
Berkley (W.R.) Corp. | 11,170 | 841,660 | ||||||
Cincinnati Financial Corp. (b) | 7,712 | 795,030 | ||||||
Globe Life, Inc. | 6,860 | 662,882 | ||||||
Hartford Financial Services Group, Inc. (The) | 23,910 | 1,596,949 | ||||||
Lincoln National Corp. | 6,300 | 392,301 | ||||||
Loews Corp. | 16,890 | 866,119 | ||||||
Marsh & McLennan Cos., Inc. | 7,150 | 870,870 | ||||||
MetLife, Inc. | 35,413 | 2,152,756 | ||||||
Principal Financial Group, Inc. | 11,170 | 669,753 | ||||||
Progressive Corp. (The) | 4,060 | 388,177 | ||||||
Prudential Financial, Inc. | 23,410 | 2,132,651 | ||||||
Travelers Cos., Inc. (The) | 11,383 | 1,712,003 | ||||||
17,693,438 | ||||||||
INTERNET MEDIA & SERVICES - 0.6% | ||||||||
Booking Holdings, Inc. (a) | 660 | 1,537,694 | ||||||
Expedia Group, Inc. (a) (b) | 3,040 | 523,245 | ||||||
2,060,939 |
Schedule of Portfolio Investments (Continued) | ||||||||
Praxis Value Index Fund | ||||||||
COMMON STOCKS - 98.5% (Continued) | Shares | Fair Value | ||||||
LEISURE FACILITIES & SERVICES - 2.4% | ||||||||
Carnival Corp. | 28,663 | $ | 760,716 | |||||
Darden Restaurants, Inc. | 4,210 | 597,820 | ||||||
Hilton Worldwide Holdings, Inc. (a) | 6,420 | 776,306 | ||||||
Live Nation Entertainment, Inc. (a) | 6,190 | 523,984 | ||||||
Marriott International, Inc. - Class A (a) | 8,550 | 1,266,341 | ||||||
McDonald's Corp. | 9,980 | 2,236,917 | ||||||
Starbucks Corp. | 13,490 | 1,474,052 | ||||||
Yum! Brands, Inc. | 5,400 | 584,172 | ||||||
8,220,308 | ||||||||
LEISURE PRODUCTS - 0.2% | ||||||||
Hasbro, Inc. | 6,490 | 623,819 | ||||||
MACHINERY - 1.1% | ||||||||
Deere & Co. | 2,897 | 1,083,884 | ||||||
Ingersoll-Rand, Inc. (a) | 10,810 | 531,960 | ||||||
Stanley Black & Decker, Inc. | 5,070 | 1,012,327 | ||||||
Xylem, Inc. | 10,290 | 1,082,302 | ||||||
3,710,473 | ||||||||
MEDICAL EQUIPMENT & DEVICES - 4.3% | ||||||||
Abbott Laboratories | 20,890 | 2,503,458 | ||||||
Baxter International, Inc. | 17,182 | 1,449,130 | ||||||
Becton, Dickinson and Co. | 7,110 | 1,728,797 | ||||||
Boston Scientific Corp. (a) | 38,100 | 1,472,565 | ||||||
Cooper Cos., Inc. (The) | 1,170 | 449,385 | ||||||
Danaher Corp. | 6,410 | 1,442,763 | ||||||
DENTSPLY SIRONA, Inc. | 8,810 | 562,166 | ||||||
Edwards Lifesciences Corp. (a) | 5,460 | 456,674 | ||||||
Illumina, Inc. (a) | 2,520 | 967,831 | ||||||
Medtronic plc | 11,300 | 1,334,869 | ||||||
Stryker Corp. | 2,240 | 545,619 | ||||||
Teleflex, Inc. | 1,370 | 569,180 | ||||||
Thermo Fisher Scientific, Inc. | 1,954 | 891,767 | ||||||
Varian Medical Systems, Inc. (a) | 1,980 | 349,529 | ||||||
14,723,733 | ||||||||
METALS & MINING - 0.3% | ||||||||
Newmont Corp. | 15,870 | 956,485 |
Schedule of Portfolio Investments (Continued) | ||||||||
Praxis Value Index Fund | ||||||||
COMMON STOCKS - 98.5% (Continued) | Shares | Fair Value | ||||||
OIL & GAS PRODUCERS - 2.9% | ||||||||
ConocoPhillips | 73,767 | $ | 3,907,438 | |||||
Hess Corp. | 13,460 | 952,430 | ||||||
Marathon Oil Corp. | 122,660 | 1,310,009 | ||||||
ONEOK, Inc. (b) | 17,125 | 867,552 | ||||||
Valero Energy Corp. | 38,570 | 2,761,612 | ||||||
9,799,041 | ||||||||
OIL & GAS SERVICES & EQUIPMENT - 1.2% | ||||||||
Baker Hughes Co. | 65,360 | 1,412,429 | ||||||
Schlumberger Ltd. | 91,656 | 2,492,127 | ||||||
3,904,556 | ||||||||
REAL ESTATE SERVICES - 0.3% | ||||||||
CBRE Group, Inc. - Class A (a) | 13,830 | 1,094,091 | ||||||
REITS - 4.4% | ||||||||
American Tower Corp. | 4,760 | 1,137,926 | ||||||
AvalonBay Communities, Inc. (b) | 5,900 | 1,088,609 | ||||||
Boston Properties, Inc. (b) | 2,130 | 215,684 | ||||||
Crown Castle International Corp. (b) | 4,160 | 716,061 | ||||||
Digital Realty Trust, Inc. | 5,980 | 842,223 | ||||||
Equinix, Inc. | 910 | 618,427 | ||||||
Equity Residential | 17,370 | 1,244,213 | ||||||
Federal Realty Investment Trust | 5,670 | 575,222 | ||||||
Healthpeak Properties, Inc. | 20,530 | 651,622 | ||||||
Host Hotels & Resorts, Inc. (a) | 23,100 | 389,235 | ||||||
Iron Mountain, Inc. | 22,570 | 835,316 | ||||||
Kimco Realty Corp. | 22,420 | 420,375 | ||||||
Prologis, Inc. | 22,180 | 2,351,080 | ||||||
Public Storage | 1,920 | 473,779 | ||||||
Realty Income Corp. (b) | 9,490 | 602,615 | ||||||
Regency Centers Corp. | 9,230 | 523,433 | ||||||
Simon Property Group, Inc. (b) | 6,629 | 754,181 | ||||||
Ventas, Inc. | 10,570 | 563,804 | ||||||
Vornado Realty Trust | 8,900 | 403,971 | ||||||
Welltower, Inc. | 9,100 | 651,833 | ||||||
15,059,609 | ||||||||
RETAIL - CONSUMER STAPLES - 2.3% | ||||||||
Costco Wholesale Corp. | 3,160 | 1,113,837 | ||||||
Dollar Tree, Inc. (a) | 4,230 | 484,166 |
Schedule of Portfolio Investments (Continued) | ||||||||
Praxis Value Index Fund | ||||||||
COMMON STOCKS - 98.5% (Continued) | Shares | Fair Value | ||||||
RETAIL - CONSUMER STAPLES - 2.3% (Continued) | ||||||||
Kroger Co. (The) (b) | 11,374 | $ | 409,350 | |||||
Target Corp. | 3,350 | 663,534 | ||||||
Walgreen Boots Alliance, Inc. (b) | 23,650 | 1,298,385 | ||||||
Walmart, Inc. | 27,890 | 3,788,299 | ||||||
7,757,571 | ||||||||
RETAIL - DISCRETIONARY - 1.9% | ||||||||
Genuine Parts Co. | 4,570 | 528,246 | ||||||
Home Depot, Inc. (The) | 6,312 | 1,926,738 | ||||||
Lowe's Cos., Inc. (b) | 3,930 | 747,407 | ||||||
Ross Stores, Inc. | 9,950 | 1,193,105 | ||||||
TJX Cos., Inc. (The) | 29,130 | 1,926,950 | ||||||
6,322,446 | ||||||||
SEMICONDUCTORS - 3.5% | ||||||||
Analog Devices, Inc. (b) | 4,430 | 687,004 | ||||||
Broadcom, Inc. | 3,100 | 1,437,346 | ||||||
Intel Corp. | 90,228 | 5,774,592 | ||||||
Micron Technology, Inc. (a) | 22,810 | 2,012,070 | ||||||
Texas Instruments, Inc. | 10,140 | 1,916,359 | ||||||
11,827,371 | ||||||||
SOFTWARE - 1.0% | ||||||||
Microsoft Corp. | 4,950 | 1,167,061 | ||||||
Oracle Corp. | 20,392 | 1,430,907 | ||||||
salesforce.com, inc. (a) | 1,770 | 375,010 | ||||||
Synopsys, Inc. (a) | 2,040 | 505,471 | ||||||
3,478,449 | ||||||||
SPECIALTY FINANCE - 1.6% | ||||||||
American Express Co. | 17,094 | 2,417,776 | ||||||
Capital One Financial Corp. | 12,040 | 1,531,849 | ||||||
Discover Financial Services (b) | 7,820 | 742,822 | ||||||
Synchrony Financial (b) | 15,070 | 612,746 | ||||||
5,305,193 | ||||||||
STEEL - 0.2% | ||||||||
Nucor Corp. (b) | 6,590 | 528,979 | ||||||
TECHNOLOGY HARDWARE - 2.4% | ||||||||
Cisco Systems, Inc. | 98,170 | 5,076,371 | ||||||
Corning, Inc. | 14,610 | 635,681 |
Schedule of Portfolio Investments (Continued) | ||||||||
Praxis Value Index Fund | ||||||||
COMMON STOCKS - 98.5% (Continued) | Shares | Fair Value | ||||||
TECHNOLOGY HARDWARE - 2.4% (Continued) | ||||||||
HP, Inc. (b) | 36,560 | $ | 1,160,780 | |||||
Juniper Networks, Inc. | 21,720 | 550,167 | ||||||
Western Digital Corp. | 11,965 | 798,664 | ||||||
8,221,663 | ||||||||
TECHNOLOGY SERVICES - 6.7% | ||||||||
Accenture plc - Class A | 17,800 | 4,917,250 | ||||||
Automatic Data Processing, Inc. | 5,210 | 981,929 | ||||||
Cognizant Technology Solutions Corp. - Class A | 6,500 | 507,780 | ||||||
DXC Technology Co. (a) | 15,380 | 480,779 | ||||||
Fidelity National Information Services, Inc. | 16,860 | 2,370,684 | ||||||
Fiserv, Inc. (a) | 8,970 | 1,067,789 | ||||||
FleetCor Technologies, Inc. (a) | 2,190 | 588,300 | ||||||
Global Payments, Inc. | 7,040 | 1,419,123 | ||||||
International Business Machines Corp. | 21,862 | 2,913,330 | ||||||
Mastercard, Inc. - Class A | 6,940 | 2,470,987 | ||||||
Paychex, Inc. | 10,194 | 999,216 | ||||||
S&P Global, Inc. | 1,620 | 571,649 | ||||||
Visa, Inc. - Class A | 15,730 | 3,330,513 | ||||||
22,619,329 | ||||||||
TELECOMMUNICATIONS - 3.6% | ||||||||
AT&T, Inc. | 172,856 | 5,232,351 | ||||||
Lumen Technologies, Inc. | 61,648 | 823,001 | ||||||
T-Mobile US, Inc. (a) | 3,980 | 498,654 | ||||||
Verizon Communications, Inc. | 96,820 | 5,630,083 | ||||||
12,184,089 | ||||||||
TRANSPORTATION & LOGISTICS - 2.3% | ||||||||
American Airlines Group, Inc. (a) | 23,560 | 563,084 | ||||||
CSX Corp. | 6,000 | 578,520 | ||||||
Delta Air Lines, Inc. (a) | 15,560 | 751,237 | ||||||
FedEx Corp. | 1,790 | 508,431 | ||||||
J.B. Hunt Transport Services, Inc. | 4,690 | 788,248 | ||||||
Norfolk Southern Corp. | 2,680 | 719,634 | ||||||
Southwest Airlines Co. (a) | 8,960 | 547,098 | ||||||
Union Pacific Corp. | 9,130 | 2,012,343 | ||||||
United Airlines Holdings, Inc. (a) | 12,530 | 720,976 | ||||||
United Parcel Service, Inc. - Class B | 4,000 | 679,960 | ||||||
7,869,531 |
Schedule of Portfolio Investments (Continued) | ||||||||
Praxis Value Index Fund | ||||||||
COMMON STOCKS - 98.5% (Continued) | Shares | Fair Value | ||||||
WHOLESALE - CONSUMER STAPLES - 0.3% | ||||||||
Sysco Corp. | 13,680 | $ | 1,077,163 | |||||
TOTAL COMMON STOCKS (COST $247,854,350) | $ | 334,902,931 |
CORPORATE NOTES - 0.8% | Coupon | Maturity | Principal Amount | Fair Value | ||||||||||||
COMMUNITY DEVELOPMENT - 0.8% | ||||||||||||||||
Calvert Social Investment Foundation, Inc. (c) | 2.000 | % | 06/15/22 | $ | 280,000 | $ | 280,000 | |||||||||
Calvert Social Investment Foundation, Inc. (c) | 3.000 | % | 06/15/23 | 450,000 | 450,000 | |||||||||||
Calvert Social Investment Foundation, Inc. (c) | 3.000 | % | 12/15/23 | 720,000 | 720,000 | |||||||||||
Calvert Social Investment Foundation, Inc. (c) | 3.000 | % | 06/17/24 | 280,000 | 280,000 | |||||||||||
Calvert Social Investment Foundation, Inc. (c) | 3.000 | % | 12/15/24 | 250,000 | 250,000 | |||||||||||
Calvert Social Investment Foundation, Inc. (c) | 2.500 | % | 06/13/25 | 280,000 | 279,440 | |||||||||||
Calvert Social Investment Foundation, Inc. (c) | 2.500 | % | 12/15/25 | 450,000 | 450,000 | |||||||||||
TOTAL CORPORATE NOTES (COST $2,710,000) | $ | 2,709,440 |
MONEY MARKET FUNDS - 0.5% | Shares | Fair Value | ||||||
First American Government Obligations Fund - Class X, 0.04% (d) (COST $1,614,560) | 1,614,560 | $ | 1,614,560 |
Schedule of Portfolio Investments (Continued) | ||||||||
Praxis Value Index Fund | ||||||||
COLLATERAL FOR SECURITIES LOANED - 5.7% | Shares | Fair Value | ||||||
Mount Vernon Liquid Assets Portfolio, LLC, 0.11% (d) (e) (COST $19,378,271) | 19,378,271 | $ | 19,378,271 | |||||
TOTAL INVESTMENTS - (COST $271,557,181) - 105.5% | $ | 358,605,202 | ||||||
LIABILITIES IN EXCESS OF OTHER ASSETS - (5.5%) | (18,535,427 | ) | ||||||
NET ASSETS - 100.0% | $ | 340,069,775 |
(a) | Non-income producing security. |
(b) | All or a portion of the security is on loan. The total value of the securities on loan as of March 31, 2021 was $18,841,878. |
(c) | Restricted and illiquid securities not registered under the Securities Act of 1933 are as follows: |
Acquisition | Current | Fair | % of Net | |||||||||||
Date | Cost | Value | Assets | |||||||||||
Calvert Social Investment Foundation, Inc. 2.000%, 06/15/22 | 06/17/19 | $ | 280,000 | $ | 280,000 | 0.1 | % | |||||||
Calvert Social Investment Foundation, Inc. 3.000%, 06/15/23 | 06/18/18 | 450,000 | 450,000 | 0.1 | % | |||||||||
Calvert Social Investment Foundation, Inc. 3.000%, 12/15/23 | 12/17/18 | 720,000 | 720,000 | 0.2 | % | |||||||||
Calvert Social Investment Foundation, Inc. 3.000%, 06/17/24 | 06/17/19 | 280,000 | 280,000 | 0.1 | % | |||||||||
Calvert Social Investment Foundation, Inc. 3.000%, 12/13/24 | 12/12/19 | 250,000 | 250,000 | 0.1 | % | |||||||||
Calvert Social Investment Foundation, Inc. 2.500%, 06/13/25 | 06/12/20 | 280,000 | 279,440 | 0.1 | % | |||||||||
Calvert Social Investment Foundation, Inc. 2.500%, 12/15/25 | 12/15/20 | 450,000 | 450,000 | 0.1 | % | |||||||||
$ | 2,710,000 | $ | 2,709,440 | 0.8 | % |
(d) | The rate shown is the 7-day effective yield as of March 31, 2021. |
(e) | The security was purchased with cash collateral held from securities on loan. |
plc - Public Liability Company
Schedule of Portfolio Investments | ||||||||
Praxis Growth Index Fund | ||||||||
March 31, 2021 (Unaudited) | ||||||||
COMMON STOCKS - 98.5% | Shares | Fair Value | ||||||
APPAREL & TEXTILE PRODUCTS - 0.8% | ||||||||
NIKE, Inc. - Class B | 21,587 | $ | 2,868,696 | |||||
VF Corp. | 5,300 | 423,576 | ||||||
3,292,272 | ||||||||
ASSET MANAGEMENT - 0.5% | ||||||||
BlackRock, Inc. | 2,233 | 1,683,593 | ||||||
T. Rowe Price Group, Inc. | 1,940 | 332,904 | ||||||
2,016,497 | ||||||||
AUTOMOTIVE - 2.8% | ||||||||
Tesla, Inc. (a) | 17,590 | 11,748,889 | ||||||
BANKING - 0.1% | ||||||||
SVB Financial Group (a) | 800 | 394,928 | ||||||
BEVERAGES - 1.0% | ||||||||
Coca-Cola Co. (The) | 24,140 | 1,272,419 | ||||||
PepsiCo, Inc. | 19,670 | 2,782,322 | ||||||
4,054,741 | ||||||||
BIOTECH & PHARMA - 4.4% | ||||||||
AbbVie, Inc. | 28,751 | 3,111,433 | ||||||
Alexion Pharmaceuticals, Inc. (a) | 4,711 | 720,359 | ||||||
Amgen, Inc. (b) | 6,134 | 1,526,201 | ||||||
Biogen, Inc. (a) | 1,280 | 358,080 | ||||||
Bristol-Myers Squibb Co. | 28,376 | 1,791,377 | ||||||
Eli Lilly & Co. | 8,820 | 1,647,752 | ||||||
Incyte Corp. (a) | 4,067 | 330,525 | ||||||
Johnson & Johnson | 20,108 | 3,304,750 | ||||||
Merck & Co., Inc. | 24,871 | 1,917,305 | ||||||
Regeneron Pharmaceuticals, Inc. (a) | 2,501 | 1,183,323 | ||||||
Vertex Pharmaceuticals, Inc. (a) | 5,704 | 1,225,733 | ||||||
Zoetis, Inc. | 8,600 | 1,354,328 | ||||||
18,471,166 | ||||||||
CABLE & SATELLITE - 1.2% | ||||||||
Charter Communications, Inc. - Class A (a) (b) | 3,722 | 2,296,549 | ||||||
Comcast Corp. - Class A | 53,294 | 2,883,738 | ||||||
5,180,287 | ||||||||
CHEMICALS - 1.5% | ||||||||
Air Products & Chemicals, Inc. | 4,148 | 1,166,998 |
Schedule of Portfolio Investments (Continued) | ||||||||
Praxis Growth Index Fund | ||||||||
COMMON STOCKS - 98.5% (Continued) | Shares | Fair Value | ||||||
CHEMICALS - 1.5% (Continued) | ||||||||
Dow, Inc. | 8,087 | $ | 517,083 | |||||
Ecolab, Inc. | 2,074 | 443,981 | ||||||
Linde plc | 11,878 | 3,327,503 | ||||||
Sherwin-Williams Co. (The) | 1,157 | 853,878 | ||||||
6,309,443 | ||||||||
COMMERCIAL SUPPORT SERVICES - 0.2% | ||||||||
Waste Management, Inc. | 6,124 | 790,118 | ||||||
CONTAINERS & PACKAGING - 0.2% | ||||||||
Ball Corp. | 8,283 | 701,901 | ||||||
DIVERSIFIED INDUSTRIALS - 0.4% | ||||||||
Emerson Electric Co. | 3,470 | 313,063 | ||||||
Illinois Tool Works, Inc. (b) | 5,784 | 1,281,272 | ||||||
1,594,335 | ||||||||
E-COMMERCE DISCRETIONARY - 6.7% | ||||||||
Amazon.com, Inc. (a) | 8,700 | 26,918,496 | ||||||
eBay, Inc. | 10,335 | 632,915 | ||||||
Etsy, Inc. (a) | 3,530 | 711,895 | ||||||
28,263,306 | ||||||||
ELECTRIC UTILITIES - 0.3% | ||||||||
Eversource Energy | 6,420 | 555,908 | ||||||
NextEra Energy, Inc. | 11,334 | 856,964 | ||||||
1,412,872 | ||||||||
ELECTRICAL EQUIPMENT - 1.2% | ||||||||
AMETEK, Inc. | 2,500 | 319,325 | ||||||
Amphenol Corp. - Class A | 7,872 | 519,316 | ||||||
Carrier Global Corp. | 9,910 | 418,400 | ||||||
Generac Holdings, Inc. (a) | 1,590 | 520,646 | ||||||
Keysight Technologies, Inc. (a) | 4,941 | 708,539 | ||||||
Otis Worldwide Corp. | 5,220 | 357,309 | ||||||
Rockwell Automation, Inc. | 2,298 | 609,981 | ||||||
Roper Technologies, Inc. | 1,699 | 685,275 | ||||||
TE Connectivity Ltd. | 5,030 | 649,423 | ||||||
Trane Technologies plc | 2,180 | 360,921 | ||||||
5,149,135 | ||||||||
ENTERTAINMENT CONTENT - 0.6% | ||||||||
Activision Blizzard, Inc. | 14,420 | 1,341,060 |
Schedule of Portfolio Investments (Continued) | ||||||||
Praxis Growth Index Fund | ||||||||
COMMON STOCKS - 98.5% (Continued) | Shares | Fair Value | ||||||
ENTERTAINMENT CONTENT - 0.6% (Continued) | ||||||||
Electronic Arts, Inc. | 5,055 | $ | 684,295 | |||||
Walt Disney Co. (The) (a) | 2,553 | 471,080 | ||||||
2,496,435 | ||||||||
FOOD - 0.1% | ||||||||
General Mills, Inc. | 8,970 | 550,040 | ||||||
GAS & WATER UTILITIES - 0.1% | ||||||||
American Water Works Co., Inc. | 3,780 | 566,698 | ||||||
HEALTH CARE FACILITIES & SERVICES - 2.2% | ||||||||
AmerisourceBergen Corp. | 2,960 | 349,487 | ||||||
Anthem, Inc. | 1,300 | 466,635 | ||||||
Catalent, Inc. (a) | 2,980 | 313,824 | ||||||
Cigna Corp. | 1,440 | 348,106 | ||||||
DaVita, Inc. (a) | 5,090 | 548,549 | ||||||
HCA Healthcare, Inc. | 2,590 | 487,801 | ||||||
Henry Schein, Inc. (a) | 8,130 | 562,921 | ||||||
Humana, Inc. | 1,060 | 444,405 | ||||||
IQVIA Holdings, Inc. (a) | 2,768 | 534,612 | ||||||
Laboratory Corp. of America Holdings (a) | 1,440 | 367,243 | ||||||
McKesson Corp. | 3,370 | 657,285 | ||||||
UnitedHealth Group, Inc. | 11,450 | 4,260,201 | ||||||
9,341,069 | ||||||||
HOME CONSTRUCTION - 0.2% | ||||||||
D.R. Horton, Inc. | 6,078 | 541,671 | ||||||
Masco Corp. | 8,006 | 479,560 | ||||||
1,021,231 | ||||||||
HOUSEHOLD PRODUCTS - 1.6% | ||||||||
Church & Dwight Co., Inc. | 6,461 | 564,368 | ||||||
Clorox Co. (The) | 1,450 | 279,676 | ||||||
Colgate-Palmolive Co. | 9,857 | 777,027 | ||||||
Estée Lauder Cos., Inc. (The) - Class A | 3,409 | 991,508 | ||||||
Kimberly-Clark Corp. | 2,331 | 324,126 | ||||||
Procter & Gamble Co. (The) | 26,417 | 3,577,654 | ||||||
6,514,359 | ||||||||
INDUSTRIAL SUPPORT SERVICES - 0.4% | ||||||||
Fastenal Co. | 11,534 | 579,929 |
Schedule of Portfolio Investments (Continued) | ||||||||
Praxis Growth Index Fund | ||||||||
COMMON STOCKS - 98.5% (Continued) | Shares | Fair Value | ||||||
INDUSTRIAL SUPPORT SERVICES - 0.4% (Continued) | ||||||||
United Rentals, Inc. (a) | 1,490 | $ | 490,672 | |||||
W.W. Grainger, Inc. | 1,230 | 493,144 | ||||||
1,563,745 | ||||||||
INSTITUTIONAL FINANCIAL SERVICES - 0.3% | ||||||||
Intercontinental Exchange, Inc. | 8,731 | 975,078 | ||||||
Nasdaq, Inc. | 2,270 | 334,734 | ||||||
1,309,812 | ||||||||
INSURANCE - 0.4% | ||||||||
Marsh & McLennan Cos., Inc. | 8,240 | 1,003,632 | ||||||
Progressive Corp. (The) | 7,258 | 693,937 | ||||||
1,697,569 | ||||||||
INTERNET MEDIA & SERVICES - 12.2% | ||||||||
Alphabet, Inc. - Class A (a) | 5,155 | 10,632,291 | ||||||
Alphabet, Inc. - Class C (a) | 7,156 | 14,803,116 | ||||||
Booking Holdings, Inc. (a) | 445 | 1,036,779 | ||||||
Expedia Group, Inc. (a) (b) | 2,340 | 402,761 | ||||||
Facebook, Inc. - Class A (a) | 59,695 | 17,581,968 | ||||||
Netflix, Inc. (a) | 10,752 | 5,608,888 | ||||||
Twitter, Inc. (a) | 19,770 | 1,257,965 | ||||||
51,323,768 | ||||||||
LEISURE FACILITIES & SERVICES - 1.1% | ||||||||
Chipotle Mexican Grill, Inc. (a) | 617 | 876,646 | ||||||
Domino's Pizza, Inc. | 1,410 | 518,584 | ||||||
Hilton Worldwide Holdings, Inc. (a) | 1,619 | 195,769 | ||||||
McDonald's Corp. | 4,737 | 1,061,751 | ||||||
Starbucks Corp. | 14,692 | 1,605,395 | ||||||
Yum! Brands, Inc. | 2,804 | 303,337 | ||||||
4,561,482 | ||||||||
MACHINERY - 0.7% | ||||||||
Deere & Co. | 6,786 | 2,538,914 | ||||||
Xylem, Inc. | 3,320 | 349,198 | ||||||
2,888,112 | ||||||||
MEDICAL EQUIPMENT & DEVICES - 5.3% | ||||||||
Abbott Laboratories | 23,826 | 2,855,308 | ||||||
ABIOMED, Inc. (a) | 1,040 | 331,479 | ||||||
Agilent Technologies, Inc. | 8,185 | 1,040,641 | ||||||
Align Technology, Inc. (a) | 1,711 | 926,558 |
Schedule of Portfolio Investments (Continued) | ||||||||
Praxis Growth Index Fund | ||||||||
COMMON STOCKS - 98.5% (Continued) | Shares | Fair Value | ||||||
MEDICAL EQUIPMENT & DEVICES - 5.3% (Continued) | ||||||||
Bio-Rad Laboratories, Inc. - Class A (a) (b) | 1,000 | $ | 571,170 | |||||
Cooper Cos., Inc. (The) | 1,161 | 445,929 | ||||||
Danaher Corp. | 14,004 | 3,152,020 | ||||||
DexCom, Inc. (a) | 2,750 | 988,323 | ||||||
Edwards Lifesciences Corp. (a) | 7,610 | 636,500 | ||||||
Hologic, Inc. (a) | 6,559 | 487,858 | ||||||
IDEXX Laboratories, Inc. (a) | 2,060 | 1,007,979 | ||||||
Illumina, Inc. (a) | 2,758 | 1,059,237 | ||||||
Mettler-Toledo International, Inc. (a) | 960 | 1,109,462 | ||||||
PerkinElmer, Inc. | 4,400 | 564,476 | ||||||
ResMed, Inc. | 3,458 | 670,921 | ||||||
Teleflex, Inc. | 760 | 315,750 | ||||||
Thermo Fisher Scientific, Inc. | 10,795 | 4,926,622 | ||||||
Waters Corp. (a) | 1,646 | 467,744 | ||||||
West Pharmaceutical Services, Inc. | 2,490 | 701,632 | ||||||
22,259,609 | ||||||||
METALS & MINING - 0.1% | ||||||||
Newmont Corp. | 6,860 | 413,452 | ||||||
REAL ESTATE SERVICES - 0.5% | ||||||||
CBRE Group, Inc. - Class A (a) | 25,453 | 2,013,587 | ||||||
REITS - 1.4% | ||||||||
American Tower Corp. | 5,412 | 1,293,793 | ||||||
Crown Castle International Corp. (b) | 6,699 | 1,153,099 | ||||||
Equinix, Inc. | 1,687 | 1,146,468 | ||||||
Extra Space Storage, Inc. | 2,720 | 360,536 | ||||||
Prologis, Inc. | 5,937 | 629,322 | ||||||
Public Storage | 2,570 | 634,173 | ||||||
SBA Communications Corp. | 1,668 | 462,954 | ||||||
Welltower, Inc. | 4,040 | 289,385 | ||||||
5,969,730 | ||||||||
RENEWABLE ENERGY - 0.1% | ||||||||
Enphase Energy, Inc. (a) | 3,550 | 575,668 | ||||||
RETAIL - CONSUMER STAPLES - 1.2% | ||||||||
Costco Wholesale Corp. | 5,743 | 2,024,293 |
Schedule of Portfolio Investments (Continued) | ||||||||
Praxis Growth Index Fund | ||||||||
COMMON STOCKS - 98.5% (Continued) | Shares | Fair Value | ||||||
RETAIL - CONSUMER STAPLES - 1.2% (Continued) | ||||||||
Dollar General Corp. | 7,323 | $ | 1,483,786 | |||||
Target Corp. | 8,164 | 1,617,043 | ||||||
5,125,122 | ||||||||
RETAIL - DISCRETIONARY - 3.2% | ||||||||
AutoZone, Inc. (a) | 469 | 658,617 | ||||||
Best Buy Co., Inc. | 2,850 | 327,209 | ||||||
Home Depot, Inc. (The) | 20,526 | 6,265,561 | ||||||
L Brands, Inc. (a) | 10,790 | 667,469 | ||||||
Lowe's Cos., Inc. (b) | 14,179 | 2,696,562 | ||||||
O'Reilly Automotive, Inc. (a) | 1,750 | 887,688 | ||||||
Ross Stores, Inc. | 5,575 | 668,498 | ||||||
TJX Cos., Inc. (The) | 6,093 | 403,052 | ||||||
Tractor Supply Co. | 2,070 | 366,556 | ||||||
Ulta Beauty, Inc. (a) | 1,070 | 330,812 | ||||||
13,272,024 | ||||||||
SEMICONDUCTORS - 7.6% | ||||||||
Advanced Micro Devices, Inc. (a) | 29,581 | 2,322,108 | ||||||
Analog Devices, Inc. (b) | 4,104 | 636,448 | ||||||
Applied Materials, Inc. | 22,796 | 3,045,546 | ||||||
Broadcom, Inc. | 6,519 | 3,022,600 | ||||||
IPG Photonics Corp. (a) | 1,340 | 282,660 | ||||||
KLA Corp. | 4,142 | 1,368,517 | ||||||
Lam Research Corp. | 3,673 | 2,186,317 | ||||||
Maxim Integrated Products, Inc. | 3,430 | 313,399 | ||||||
Microchip Technology, Inc. | 4,320 | 670,550 | ||||||
Monolithic Power Systems, Inc. | 1,810 | 639,310 | ||||||
NVIDIA Corp. | 15,789 | 8,430,221 | ||||||
NXP Semiconductors N.V. | 1,520 | 306,037 | ||||||
Qorvo, Inc. (a) | 3,680 | 672,336 | ||||||
QUALCOMM, Inc. | 28,060 | 3,720,475 | ||||||
Skyworks Solutions, Inc. | 1,730 | 317,420 | ||||||
Teradyne, Inc. (b) | 4,540 | 552,427 | ||||||
Texas Instruments, Inc. | 15,207 | 2,873,971 | ||||||
Xilinx, Inc. | 6,539 | 810,182 | ||||||
32,170,524 | ||||||||
SOFTWARE - 16.1% | ||||||||
Adobe, Inc. (a) | 14,127 | 6,715,552 |
Schedule of Portfolio Investments (Continued) | ||||||||
Praxis Growth Index Fund | ||||||||
COMMON STOCKS - 98.5% (Continued) | Shares | Fair Value | ||||||
SOFTWARE - 16.1% (Continued) | ||||||||
Akamai Technologies, Inc. (a) | 4,310 | $ | 439,189 | |||||
ANSYS, Inc. (a) | 2,628 | 892,364 | ||||||
Autodesk, Inc. (a) | 7,056 | 1,955,570 | ||||||
Cadence Design Systems, Inc. (a) | 11,834 | 1,621,140 | ||||||
Citrix Systems, Inc. | 2,932 | 411,535 | ||||||
Fortinet, Inc. (a) (b) | 4,150 | 765,343 | ||||||
Intuit, Inc. | 8,000 | 3,064,480 | ||||||
Microsoft Corp. | 168,288 | 39,677,262 | ||||||
Oracle Corp. | 28,780 | 2,019,493 | ||||||
Paycom Software, Inc. (a) | 1,270 | 469,976 | ||||||
salesforce.com, inc. (a) | 24,017 | 5,088,482 | ||||||
ServiceNow, Inc. (a) | 5,223 | 2,612,074 | ||||||
Synopsys, Inc. (a) | 6,470 | 1,603,137 | ||||||
Tyler Technologies, Inc. (a) (b) | 1,360 | 577,361 | ||||||
67,912,958 | ||||||||
TECHNOLOGY HARDWARE - 10.8% | ||||||||
Apple, Inc. | 351,448 | 42,929,373 | ||||||
Arista Networks, Inc. (a) | 1,860 | 561,515 | ||||||
Cisco Systems, Inc. | 13,150 | 679,987 | ||||||
Corning, Inc. | 8,980 | 390,720 | ||||||
F5 Networks, Inc. (a) | 1,670 | 348,395 | ||||||
Zebra Technologies Corp. - Class A (a) | 1,267 | 614,723 | ||||||
45,524,713 | ||||||||
TECHNOLOGY SERVICES - 8.6% | ||||||||
Accenture plc - Class A | 18,389 | 5,079,961 | ||||||
Automatic Data Processing, Inc. | 7,780 | 1,466,297 | ||||||
Broadridge Financial Solutions, Inc. | 2,596 | 397,448 | ||||||
Cognizant Technology Solutions Corp. - Class A | 4,970 | 388,256 | ||||||
Fidelity National Information Services, Inc. | 4,440 | 624,308 | ||||||
Fiserv, Inc. (a) | 9,656 | 1,149,450 | ||||||
FleetCor Technologies, Inc. (a) | 714 | 191,802 | ||||||
Global Payments, Inc. | 1,700 | 342,686 | ||||||
IHS Markit Ltd. | 6,627 | 641,361 | ||||||
Jack Henry & Associates, Inc. (b) | 3,810 | 578,053 | ||||||
MarketAxess Holdings, Inc. | 960 | 478,003 | ||||||
Mastercard, Inc. - Class A | 16,976 | 6,044,305 | ||||||
Moody's Corp. | 3,375 | 1,007,809 | ||||||
MSCI, Inc. | 1,797 | 753,446 |
Schedule of Portfolio Investments (Continued) | ||||||||
Praxis Growth Index Fund | ||||||||
COMMON STOCKS - 98.5% (Continued) | Shares | Fair Value | ||||||
TECHNOLOGY SERVICES - 8.6% (Continued) | ||||||||
Paychex, Inc. | 2,425 | $ | 237,699 | |||||
PayPal Holdings, Inc. (a) | 33,047 | 8,025,133 | ||||||
S&P Global, Inc. | 6,654 | 2,347,997 | ||||||
Verisk Analytics, Inc. | 3,035 | 536,254 | ||||||
Visa, Inc. - Class A | 27,913 | 5,910,020 | ||||||
36,200,288 | ||||||||
TELECOMMUNICATIONS - 0.3% | ||||||||
T-Mobile US, Inc. (a) | 8,780 | 1,100,046 | ||||||
TRANSPORTATION & LOGISTICS - 1.9% | ||||||||
CSX Corp. | 9,637 | 929,200 | ||||||
FedEx Corp. | 4,000 | 1,136,160 | ||||||
J.B. Hunt Transport Services, Inc. | 2,270 | 381,519 | ||||||
Norfolk Southern Corp. | 2,169 | 582,420 | ||||||
Old Dominion Freight Line, Inc. | 4,700 | 1,129,927 | ||||||
Union Pacific Corp. | 7,201 | 1,587,172 | ||||||
United Parcel Service, Inc. - Class B | 13,705 | 2,329,713 | ||||||
8,076,111 | ||||||||
WHOLESALE - DISCRETIONARY - 0.2% | ||||||||
Copart, Inc. (a) | 5,108 | 554,780 | ||||||
Pool Corp. | 1,190 | 410,835 | ||||||
965,615 | ||||||||
TOTAL COMMON STOCKS (COST $196,214,634) | $ | 414,793,657 |
CORPORATE NOTES - 0.8% | Coupon | Maturity | Principal Amount | Fair Value | ||||||||||||
COMMUNITY DEVELOPMENT - 0.8% | ||||||||||||||||
Calvert Social Investment Foundation, Inc. (c) | 2.000 | % | 06/15/22 | $ | 550,000 | $ | 550,000 | |||||||||
Calvert Social Investment Foundation, Inc. (c) | 3.000 | % | 06/15/23 | 900,000 | 900,000 | |||||||||||
Calvert Social Investment Foundation, Inc. (c) | 3.000 | % | 12/15/23 | 200,000 | 200,000 | |||||||||||
Calvert Social Investment Foundation, Inc. (c) | 3.000 | % | 06/17/24 | 550,000 | 550,000 | |||||||||||
Calvert Social Investment Foundation, Inc. (c) | 3.000 | % | 12/15/24 | 150,000 | 150,000 | |||||||||||
Calvert Social Investment Foundation, Inc. (c) | 2.500 | % | 06/13/25 | 670,000 | 668,660 |
Schedule of Portfolio Investments (Continued) | ||||||||||||||||
Praxis Growth Index Fund | ||||||||||||||||
CORPORATE NOTES - 0.8% (Continued) | Coupon | Maturity | Principal Amount | Fair Value | ||||||||||||
COMMUNITY DEVELOPMENT - 0.8% (Continued) | ||||||||||||||||
Calvert Social Investment Foundation, Inc. (c) | 2.500 | % | 12/15/25 | $ | 500,000 | $ | 500,000 | |||||||||
TOTAL CORPORATE NOTES (COST $3,520,000) | $ | 3,518,660 |
MONEY MARKET FUNDS - 0.6% | Shares | Fair Value | ||||||
First American Government Obligations Fund - Class X, 0.04% (d) (COST $2,382,723) | 2,382,723 | $ | 2,382,723 | |||||
COLLATERAL FOR SECURITIES LOANED - 2.7% | Shares | Fair Value | ||||||
Mount Vernon Liquid Assets Portfolio, LLC, 0.11% (d) (e) (COST $11,552,717) | 11,552,717 | $ | 11,552,717 | |||||
TOTAL INVESTMENTS - (COST $213,670,074) - 102.6% | $ | 432,247,757 | ||||||
LIABILITIES IN EXCESS OF OTHER ASSETS - (2.6%) | (11,025,192 | ) | ||||||
NET ASSETS - 100.0% | $ | 421,222,565 |
(a) | Non-income producing security. |
(b) | All or a portion of the security is on loan. The total value of the securities on loan as of March 31, 2021 was $11,299,328. |
(c) | Restricted and illiquid securities not registered under the Securities Act of 1933 are as follows: |
Acquisition | Current | Fair | % of Net | |||||||||||
Date | Cost | Value | Assets | |||||||||||
Calvert Social Investment Foundation, Inc. 2.000%, 06/15/22 | 06/17/19 | $ | 550,000 | $ | 550,000 | 0.1 | % | |||||||
Calvert Social Investment Foundation, Inc. 3.000%, 06/15/23 | 06/18/18 | 900,000 | 900,000 | 0.2 | % | |||||||||
Calvert Social Investment Foundation, Inc. 3.000%, 12/15/23 | 12/17/18 | 200,000 | 200,000 | 0.1 | % | |||||||||
Calvert Social Investment Foundation, Inc. 3.000%, 06/17/24 | 06/17/19 | 550,000 | 550,000 | 0.1 | % | |||||||||
Calvert Social Investment Foundation, Inc. 3.000%, 12/13/24 | 12/12/19 | 150,000 | 150,000 | 0.0 | %(f) | |||||||||
Calvert Social Investment Foundation, Inc. 2.500%, 06/13/25 | 06/12/20 | 670,000 | 668,660 | 0.2 | % | |||||||||
Calvert Social Investment Foundation, Inc. 2.500%, 12/15/25 | 12/15/20 | 500,000 | 500,000 | 0.1 | % | |||||||||
$ | 3,520,000 | $ | 3,518,660 | 0.8 | % |
(d) | The rate shown is the 7-day effective yield as of March 31, 2021. |
(e) | The security was purchased with cash collateral held from securities on loan. |
(f) | Percentage rounds to less than 0.1%. |
plc - Public Liability Company
Schedule of Portfolio Investments | ||||||||
Praxis Small Cap Index Fund | ||||||||
March 31, 2021 (Unaudited) | ||||||||
COMMON STOCKS - 98.6% | Shares | Fair Value | ||||||
ADVERTISING & MARKETING - 0.1% | ||||||||
QuinStreet, Inc. (a) | 7,790 | $ | 158,137 | |||||
AEROSPACE & DEFENSE - 0.2% | ||||||||
Barnes Group, Inc. | 5,820 | 288,323 | ||||||
APPAREL & TEXTILE PRODUCTS - 2.0% | ||||||||
Crocs, Inc. (a) (b) | 11,550 | 929,198 | ||||||
Fossil Group, Inc. (a) | 15,270 | 189,348 | ||||||
Kontoor Brands, Inc. | 7,330 | 355,725 | ||||||
Movado Group, Inc. | 11,930 | 339,408 | ||||||
Oxford Industries, Inc. | 3,465 | 302,910 | ||||||
Steven Madden Ltd. | 11,935 | 444,698 | ||||||
Wolverine World Wide, Inc. (b) | 13,500 | 517,320 | ||||||
3,078,607 | ||||||||
ASSET MANAGEMENT - 0.7% | ||||||||
Blucora, Inc. (a) | 7,350 | 122,304 | ||||||
Boston Private Financial Holdings, Inc. | 25,630 | 341,392 | ||||||
BrightSphere Investment Group, Inc. | 7,030 | 143,271 | ||||||
Virtus Investment Partners, Inc. | 920 | 216,660 | ||||||
Waddell & Reed Financial, Inc. - Class A | 10,140 | 254,007 | ||||||
1,077,634 | ||||||||
AUTOMOTIVE - 1.2% | ||||||||
American Axle & Manufacturing Holdings, Inc. (a) | 12,360 | 119,398 | ||||||
Cooper Tire & Rubber Co. | 6,440 | 360,511 | ||||||
Dorman Products, Inc. (a) | 4,390 | 450,590 | ||||||
Gentherm, Inc. (a) | 4,820 | 357,210 | ||||||
Methode Electronics, Inc. | 8,170 | 342,976 | ||||||
Standard Motor Products, Inc. | 3,290 | 136,798 | ||||||
1,767,483 | ||||||||
BANKING - 11.3% | ||||||||
Allegiance Bancshares, Inc. | 6,260 | 253,780 | ||||||
Ameris Bancorp | 10,274 | 539,488 | ||||||
Axos Financial, Inc. (a) | 8,590 | 403,816 | ||||||
Banc of California, Inc. | 10,340 | 186,947 | ||||||
BankUnited, Inc. | 6,630 | 291,389 | ||||||
Banner Corp. | 6,070 | 323,713 | ||||||
Berkshire Hills Bancorp, Inc. | 14,650 | 326,988 |
Schedule of Portfolio Investments (Continued) | ||||||||
Praxis Small Cap Index Fund | ||||||||
COMMON STOCKS - 98.6% (Continued) | Shares | Fair Value | ||||||
BANKING - 11.3% (Continued) | ||||||||
Brookline Bancorp, Inc. | 12,520 | $ | 187,800 | |||||
Cadence BanCorp. | 22,220 | 460,621 | ||||||
Central Pacific Financial Corp. | 11,560 | 308,421 | ||||||
City Holding Co. | 1,380 | 112,856 | ||||||
Columbia Banking System, Inc. | 10,590 | 456,323 | ||||||
Community Bank System, Inc. | 7,080 | 543,178 | ||||||
Customers Bancorp, Inc. (a) | 6,950 | 221,149 | ||||||
CVB Financial Corp. | 17,620 | 389,226 | ||||||
Dime Community Bancshares, Inc. | 5,009 | 150,971 | ||||||
Eagle Bancorp, Inc. | 5,790 | 308,086 | ||||||
FB Financial Corp. | 3,776 | 167,881 | ||||||
First BanCorp. | 38,970 | 438,802 | ||||||
First Commonwealth Financial Corp. | 17,510 | 251,619 | ||||||
First Financial Bancorp | 15,720 | 377,280 | ||||||
First Hawaiian, Inc. | 10,410 | 284,922 | ||||||
First Midwest Bancorp, Inc. | 18,900 | 414,099 | ||||||
Flagstar Bancorp, Inc. | 6,160 | 277,816 | ||||||
Great Western Bancorp, Inc. (b) | 11,480 | 347,729 | ||||||
Hanmi Financial Corp. | 9,870 | 194,735 | ||||||
Heritage Financial Corp. | 6,310 | 178,194 | ||||||
Hilltop Holdings, Inc. | 3,210 | 109,557 | ||||||
HomeStreet, Inc. | 5,810 | 256,047 | ||||||
Hope Bancorp, Inc. | 22,210 | 334,483 | ||||||
Independent Bank Corp. | 5,580 | 469,780 | ||||||
Independent Bank Group, Inc. | 4,980 | 359,755 | ||||||
Meta Financial Group, Inc. | 6,750 | 305,843 | ||||||
National Bank Holdings Corp. - Class A | 6,570 | 260,698 | ||||||
NBT Bancorp, Inc. | 7,000 | 279,300 | ||||||
Northwest Bancshares, Inc. | 23,090 | 333,650 | ||||||
OFG Bancorp | 7,240 | 163,769 | ||||||
Old National Bancorp | 29,470 | 569,950 | ||||||
Pacific Premier Bancorp, Inc. | 15,026 | 652,729 | ||||||
Park National Corp. | 2,050 | 265,065 | ||||||
Preferred Bank | 2,910 | 185,309 | ||||||
Provident Financial Services, Inc. | 9,430 | 210,100 | ||||||
Renasant Corp. | 6,090 | 252,004 | ||||||
S&T Bancorp, Inc. | 5,970 | 199,995 | ||||||
Seacoast Banking Corp. of Florida (a) | 8,510 | 308,402 |
Schedule of Portfolio Investments (Continued) | ||||||||
Praxis Small Cap Index Fund | ||||||||
COMMON STOCKS - 98.6% (Continued) | Shares | Fair Value | ||||||
BANKING - 11.3% (Continued) | ||||||||
ServisFirst Bancshares, Inc. | 10,670 | $ | 654,391 | |||||
Simmons First National Corp. - Class A | 19,010 | 564,027 | ||||||
Southside Bancshares, Inc. | 4,987 | 192,049 | ||||||
Triumph Bancorp, Inc. (a) | 5,040 | 390,046 | ||||||
TrustCo Bank Corp. | 23,830 | 175,627 | ||||||
United Community Banks, Inc. | 12,060 | 411,487 | ||||||
Veritex Holdings, Inc. | 13,050 | 426,996 | ||||||
WSFS Financial Corp. | 5,460 | 271,853 | ||||||
17,000,741 | ||||||||
BEVERAGES - 0.4% | ||||||||
Celsius Holdings, Inc. (a) | 2,700 | 129,735 | ||||||
Coca-Cola Consolidated, Inc. | 830 | 239,687 | ||||||
National Beverage Corp. | 4,440 | 217,161 | ||||||
586,583 | ||||||||
BIOTECH & PHARMA - 1.7% | ||||||||
Coherus Biosciences, Inc. (a) | 11,690 | 170,791 | ||||||
Collegium Pharmaceutical, Inc. (a) | 4,730 | 112,101 | ||||||
Cytokinetics, Inc. (a) | 10,200 | 237,252 | ||||||
Eagle Pharmaceuticals, Inc. (a) | 3,150 | 131,481 | ||||||
Enanta Pharmaceuticals, Inc. (a) | 4,780 | 235,750 | ||||||
Endo International plc (a) | 31,780 | 235,490 | ||||||
Heska Corp. (a) (b) | 1,950 | 328,497 | ||||||
Innoviva, Inc. (a) (b) | 11,970 | 143,041 | ||||||
Pacira BioSciences, Inc. (a) | 4,700 | 329,423 | ||||||
REGENXBIO, Inc. (a) | 5,140 | 175,325 | ||||||
Supernus Pharmaceuticals, Inc. (a) | 10,380 | 271,748 | ||||||
Vanda Pharmaceuticals, Inc. (a) | 10,890 | 163,568 | ||||||
2,534,467 | ||||||||
CHEMICALS - 4.0% | ||||||||
AdvanSix, Inc. (a) | 4,140 | 111,035 | ||||||
Balchem Corp. | 5,600 | 702,296 | ||||||
FutureFuel Corp. | 18,910 | 274,762 | ||||||
GCP Applied Technologies, Inc. (a) | 6,470 | 158,774 | ||||||
H.B. Fuller Co. | 10,240 | 644,198 | ||||||
Innospec, Inc. | 5,910 | 606,898 | ||||||
Materion Corp. | 2,060 | 136,454 | ||||||
Quaker Chemical Corp. | 2,730 | 665,492 | ||||||
Rogers Corp. (a) | 3,610 | 679,438 |
Schedule of Portfolio Investments (Continued) | ||||||||
Praxis Small Cap Index Fund | ||||||||
COMMON STOCKS - 98.6% (Continued) | Shares | Fair Value | ||||||
CHEMICALS - 4.0% (Continued) | ||||||||
Stepan Co. | 3,960 | $ | 503,356 | |||||
Trinseo S.A. (b) | 9,710 | 618,236 | ||||||
WD-40 Co. | 2,860 | 875,675 | ||||||
5,976,614 | ||||||||
COMMERCIAL SUPPORT SERVICES - 3.6% | ||||||||
ABM Industries, Inc. | 13,350 | 680,984 | ||||||
AMN Healthcare Services, Inc. (a) | 9,180 | 676,566 | ||||||
Brady Corp. - Class A | 12,560 | 671,332 | ||||||
CorVel Corp. (a) | 2,390 | 245,190 | ||||||
Harsco Corp. (a) | 14,500 | 248,675 | ||||||
Heidrick & Struggles International, Inc. | 6,300 | 225,036 | ||||||
HMS Holdings Corp. (a) | 14,460 | 534,658 | ||||||
Kelly Services, Inc. - Class A (a) | 11,930 | 265,681 | ||||||
Korn Ferry | 8,880 | 553,846 | ||||||
TrueBlue, Inc. (a) | 7,400 | 162,948 | ||||||
UniFirst Corp. | 3,470 | 776,274 | ||||||
US Ecology, Inc. (b) | 5,630 | 234,433 | ||||||
Viad Corp. (a) | 2,740 | 114,395 | ||||||
5,390,018 | ||||||||
CONSTRUCTION MATERIALS - 0.1% | ||||||||
Apogee Enterprises, Inc. | 4,720 | 192,954 | ||||||
CONSUMER SERVICES - 0.7% | ||||||||
American Public Education, Inc. (a) | 5,580 | 198,815 | ||||||
Medifast, Inc. | 1,800 | 381,276 | ||||||
Perdoceo Education Corp. (a) | 16,740 | 200,211 | ||||||
Regis Corp. (a) (b) | 18,070 | 226,959 | ||||||
1,007,261 | ||||||||
CONTAINERS & PACKAGING - 0.1% | ||||||||
Myers Industries, Inc. | 10,200 | 201,552 | ||||||
E-COMMERCE DISCRETIONARY - 0.3% | ||||||||
Liquidity Services, Inc. (a) | 6,200 | 115,196 | ||||||
PetMed Express, Inc. | 8,210 | 288,787 | ||||||
403,983 | ||||||||
ELECTRIC UTILITIES - 0.3% | ||||||||
Avista Corp. | 10,420 | 497,555 |
Schedule of Portfolio Investments (Continued) | ||||||||
Praxis Small Cap Index Fund | ||||||||
COMMON STOCKS - 98.6% (Continued) | Shares | Fair Value | ||||||
ELECTRICAL EQUIPMENT - 3.1% | ||||||||
AAON, Inc. | 8,190 | $ | 573,382 | |||||
Advanced Energy Industries, Inc. (b) | 6,290 | 686,679 | ||||||
Alarm.com Holdings, Inc. (a) | 7,330 | 633,165 | ||||||
Badger Meter, Inc. | 6,300 | 586,341 | ||||||
FARO Technologies, Inc. (a) | 5,290 | 457,955 | ||||||
Itron, Inc. (a) | 7,090 | 628,529 | ||||||
Mesa Laboratories, Inc. | 1,460 | 355,510 | ||||||
OSI Systems, Inc. (a) | 2,550 | 245,055 | ||||||
SPX Corp. (a) | 7,870 | 458,585 | ||||||
Watts Water Technologies, Inc. - Class A | 970 | 115,246 | ||||||
4,740,447 | ||||||||
ENGINEERING & CONSTRUCTION - 1.5% | ||||||||
Aegion Corp. (a) | 7,920 | 227,700 | ||||||
Arcosa, Inc. | 5,970 | 388,587 | ||||||
Comfort Systems USA, Inc. | 5,920 | 442,638 | ||||||
Exponent, Inc. | 5,980 | 582,751 | ||||||
Granite Construction, Inc. (b) | 7,530 | 303,083 | ||||||
Installed Building Products, Inc. | 3,410 | 378,101 | ||||||
2,322,860 | ||||||||
ENTERTAINMENT CONTENT - 0.3% | ||||||||
AMC Networks, Inc. - Class A (a) | 4,380 | 232,841 | ||||||
Glu Mobile, Inc. (a) | 22,080 | 275,558 | ||||||
508,399 | ||||||||
FOOD - 0.4% | ||||||||
B&G Foods, Inc. (b) | 10,010 | 310,911 | ||||||
Simply Good Foods Co. (The) (a) | 3,670 | 111,641 | ||||||
USANA Health Sciences, Inc. (a) | 2,410 | 235,216 | ||||||
657,768 | ||||||||
FORESTRY, PAPER & WOOD PRODUCTS - 1.2% | ||||||||
Boise Cascade Co. | 7,010 | 419,408 | ||||||
Glatfelter Corp. | 11,660 | 199,969 | ||||||
Mercer International, Inc. | 7,600 | 109,364 | ||||||
Neenah, Inc. | 6,890 | 354,008 | ||||||
UFP Industries, Inc. | 9,070 | 687,869 | ||||||
1,770,618 | ||||||||
GAS & WATER UTILITIES - 1.1% | ||||||||
American States Water Co. | 4,290 | 324,410 | ||||||
California Water Service Group | 11,940 | 672,700 |
Schedule of Portfolio Investments (Continued) | ||||||||
Praxis Small Cap Index Fund | ||||||||
COMMON STOCKS - 98.6% (Continued) | Shares | Fair Value | ||||||
GAS & WATER UTILITIES - 1.1% (Continued) | ||||||||
South Jersey Industries, Inc. (b) | 31,420 | $ | 709,463 | |||||
1,706,573 | ||||||||
HEALTH CARE FACILITIES & SERVICES - 3.8% | ||||||||
Addus HomeCare Corp. (a) | 2,750 | 287,623 | ||||||
Community Health Systems, Inc. (a) | 11,490 | 155,345 | ||||||
Covetrus, Inc. (a) | 14,650 | 439,060 | ||||||
Ensign Group, Inc. (The) | 8,010 | 751,658 | ||||||
Fulgent Genetics, Inc. (a) (b) | 2,920 | 282,130 | ||||||
Hanger, Inc. (a) | 4,710 | 107,482 | ||||||
Magellan Health, Inc. (a) | 4,370 | 407,459 | ||||||
MEDNAX, Inc. (a) | 9,330 | 237,635 | ||||||
ModivCare, Inc. (a) | 1,030 | 152,564 | ||||||
NeoGenomics, Inc. (a) | 17,840 | 860,423 | ||||||
Owens & Minor, Inc. (b) | 12,410 | 466,492 | ||||||
Pennant Group, Inc. (The) (a) | 4,650 | 212,970 | ||||||
R1 RCM, Inc. (a) | 15,400 | 380,072 | ||||||
RadNet, Inc. (a) | 11,320 | 246,210 | ||||||
Select Medical Holdings Corp. (a) | 16,840 | 574,244 | ||||||
U.S. Physical Therapy, Inc. | 2,080 | 216,528 | ||||||
5,777,895 | ||||||||
HOME & OFFICE PRODUCTS - 0.6% | ||||||||
HNI Corp. | 3,860 | 152,702 | ||||||
iRobot Corp. (a) | 4,050 | 494,829 | ||||||
Tupperware Brands Corp. (a) | 12,090 | 319,297 | ||||||
966,828 | ||||||||
HOME CONSTRUCTION - 2.4% | ||||||||
American Woodmark Corp. (a) | 2,505 | 246,943 | ||||||
Cavco Industries, Inc. (a) | 1,500 | 338,415 | ||||||
Century Communities, Inc. (a) | 2,590 | 156,229 | ||||||
Interface, Inc. | 24,160 | 301,517 | ||||||
LGI Homes, Inc. (a) | 3,980 | 594,254 | ||||||
M/I Homes, Inc. (a) | 3,510 | 207,336 | ||||||
MDC Holdings, Inc. | 10,555 | 626,967 | ||||||
Meritage Homes Corp. (a) | 6,110 | 561,631 | ||||||
Patrick Industries, Inc. | 4,460 | 379,100 | ||||||
PGT Innovations, Inc. (a) | 9,950 | 251,237 | ||||||
3,663,629 |
Schedule of Portfolio Investments (Continued) | ||||||||
Praxis Small Cap Index Fund | ||||||||
COMMON STOCKS - 98.6% (Continued) | Shares | Fair Value | ||||||
HOUSEHOLD PRODUCTS - 0.6% | ||||||||
Central Garden & Pet Co. (a) | 2,180 | $ | 126,461 | |||||
Clearwater Paper Corp. (a) | 2,950 | 110,979 | ||||||
e.l.f. Beauty, Inc. (a) | 4,160 | 111,613 | ||||||
Inter Parfums, Inc. | 2,400 | 170,232 | ||||||
Quanex Building Products Corp. | 11,930 | 312,924 | ||||||
832,209 | ||||||||
INDUSTRIAL INTERMEDIATE PRODUCTS - 2.3% | ||||||||
AZZ, Inc. | 7,130 | 358,996 | ||||||
Chart Industries, Inc. (a) (b) | 4,830 | 687,550 | ||||||
EnPro Industries, Inc. | 5,550 | 473,249 | ||||||
Gibraltar Industries, Inc. (a) | 5,860 | 536,249 | ||||||
Insteel Industries, Inc. | 5,610 | 173,012 | ||||||
Proto Labs, Inc. (a) | 4,900 | 596,575 | ||||||
Raven Industries, Inc. | 9,680 | 371,034 | ||||||
Standex International Corp. | 2,030 | 194,007 | ||||||
3,390,672 | ||||||||
INDUSTRIAL SUPPORT SERVICES - 1.0% | ||||||||
Applied Industrial Technologies, Inc. | 8,380 | 764,005 | ||||||
DXP Enterprises, Inc. (a) | 5,460 | 164,728 | ||||||
Resideo Technologies, Inc. (a) | 21,040 | 594,380 | ||||||
1,523,113 | ||||||||
INSTITUTIONAL FINANCIAL SERVICES - 0.4% | ||||||||
Piper Sandler Cos. | 3,730 | 408,995 | ||||||
StoneX Group, Inc. (a) | 4,090 | 267,404 | ||||||
676,399 | ||||||||
INSURANCE - 1.7% | ||||||||
Ambac Financial Group, Inc. (a) | 8,260 | 138,272 | ||||||
American Equity Investment Life Holding Co. | 9,790 | 308,679 | ||||||
Assured Guaranty Ltd. | 6,380 | 269,746 | ||||||
eHealth, Inc. (a) | 4,420 | 321,467 | ||||||
Employers Holdings, Inc. | 3,240 | 139,514 | ||||||
NMI Holdings, Inc. - Class A (a) | 14,580 | 344,671 | ||||||
Palomar Holdings, Inc. (a) | 4,010 | 268,831 | ||||||
ProAssurance Corp. | 9,820 | 262,783 | ||||||
Trupanion, Inc. (a) (b) | 5,770 | 439,732 | ||||||
2,493,695 | ||||||||
INTERNET MEDIA & SERVICES - 0.8% | ||||||||
HealthStream, Inc. (a) | 5,690 | 127,115 |
Schedule of Portfolio Investments (Continued) | ||||||||
Praxis Small Cap Index Fund | ||||||||
COMMON STOCKS - 98.6% (Continued) | Shares | Fair Value | ||||||
INTERNET MEDIA & SERVICES - 0.8% (Continued) | ||||||||
Shutterstock, Inc. | 3,610 | $ | 321,434 | |||||
Stamps.com, Inc. (a) | 2,760 | 550,648 | ||||||
TechTarget, Inc. (a) (b) | 2,580 | 179,181 | ||||||
1,178,378 | ||||||||
LEISURE FACILITIES & SERVICES - 1.8% | ||||||||
Bloomin' Brands, Inc. (a) | 12,830 | 347,052 | ||||||
Brinker International, Inc. (a) (b) | 6,840 | 486,050 | ||||||
Cheesecake Factory, Inc. (The) (a) | 5,670 | 331,752 | ||||||
Chuy's Holdings, Inc. (a) | 3,470 | 153,790 | ||||||
Dave & Buster's Entertainment, Inc. (a) | 9,280 | 444,512 | ||||||
Dine Brands Global, Inc. (a) | 1,590 | 143,148 | ||||||
Red Robin Gourmet Burgers, Inc. (a) | 2,810 | 112,091 | ||||||
Shake Shack, Inc. - Class A (a) | 5,830 | 657,449 | ||||||
2,675,844 | ||||||||
LEISURE PRODUCTS - 0.9% | ||||||||
Callaway Golf Co. | 14,230 | 380,653 | ||||||
LCI Industries | 4,750 | 628,330 | ||||||
Winnebago Industries, Inc. | 3,720 | 285,361 | ||||||
1,294,344 | ||||||||
MACHINERY - 3.3% | ||||||||
Alamo Group, Inc. | 1,800 | 281,070 | ||||||
Astec Industries, Inc. | 4,300 | 324,306 | ||||||
Enerpac Tool Group Corp. | 7,300 | 190,676 | ||||||
ESCO Technologies, Inc. | 3,760 | 409,426 | ||||||
Federal Signal Corp. | 2,910 | 111,453 | ||||||
Franklin Electric Co., Inc. | 6,300 | 497,322 | ||||||
Hillenbrand, Inc. | 16,630 | 793,417 | ||||||
John Bean Technologies Corp. | 5,325 | 710,036 | ||||||
Lindsay Corp. | 3,140 | 523,187 | ||||||
MTS Systems Corp. (a) | 5,460 | 317,772 | ||||||
SPX FLOW, Inc. | 7,180 | 454,709 | ||||||
Tennant Co. | 3,800 | 303,582 | ||||||
4,916,956 | ||||||||
MEDICAL EQUIPMENT & DEVICES - 3.4% | ||||||||
Cardiovascular Systems, Inc. (a) | 8,070 | 309,404 | ||||||
CONMED Corp. | 3,030 | 395,688 | ||||||
Glaukos Corp. (a) | 7,100 | 595,903 |
Schedule of Portfolio Investments (Continued) | ||||||||
Praxis Small Cap Index Fund | ||||||||
COMMON STOCKS - 98.6% (Continued) | Shares | Fair Value | ||||||
MEDICAL EQUIPMENT & DEVICES - 3.4% (Continued) | ||||||||
Integer Holdings Corp. (a) | 4,160 | $ | 383,136 | |||||
Lantheus Holdings, Inc. (a) | 10,653 | 227,654 | ||||||
LeMaitre Vascular, Inc. | 2,750 | 134,145 | ||||||
Luminex Corp. | 9,470 | 302,093 | ||||||
Meridian Bioscience, Inc. (a) (b) | 8,520 | 223,650 | ||||||
Merit Medical Systems, Inc. (a) | 8,020 | 480,237 | ||||||
Myriad Genetics, Inc. (a) | 13,280 | 404,376 | ||||||
Omnicell, Inc. (a) | 6,130 | 796,103 | ||||||
OraSure Technologies, Inc. (a) (b) | 14,440 | 168,515 | ||||||
Tactile Systems Technology, Inc. (a) | 3,830 | 208,697 | ||||||
Varex Imaging Corp. (a) | 8,210 | 168,223 | ||||||
Vericel Corp. (a) | 6,480 | 359,964 | ||||||
5,157,788 | ||||||||
METALS & MINING - 0.6% | ||||||||
Arconic Corp. (a) | 14,750 | 374,503 | ||||||
Century Aluminum Co. (a) | 6,090 | 107,549 | ||||||
Encore Wire Corp. | 3,690 | 247,710 | ||||||
Kaiser Aluminum Corp. | 1,740 | 192,270 | ||||||
922,032 | ||||||||
OIL & GAS PRODUCERS - 0.0% (c) | ||||||||
Penn Virginia Corp. (a) | 410 | 5,494 | ||||||
OIL & GAS SERVICES & EQUIPMENT - 1.4% | ||||||||
Core Laboratories N.V. | 39,490 | 1,136,917 | ||||||
DMC Global, Inc. (a) | 3,490 | 189,368 | ||||||
Matrix Service Co. (a) | 24,430 | 320,277 | ||||||
NOW, Inc. (a) | 19,710 | 198,874 | ||||||
U.S. Silica Holdings, Inc. (a) | 16,680 | 204,997 | ||||||
2,050,433 | ||||||||
PUBLISHING & BROADCASTING - 0.6% | ||||||||
E.W. Scripps Co. (The) - Class A | 9,180 | 176,898 | ||||||
Gannett Co., Inc. (a) | 44,487 | 239,340 | ||||||
Meredith Corp. (a) | 5,370 | 159,919 | ||||||
Scholastic Corp. | 8,410 | 253,225 | ||||||
829,382 |
Schedule of Portfolio Investments (Continued) | ||||||||
Praxis Small Cap Index Fund | ||||||||
COMMON STOCKS - 98.6% (Continued) | Shares | Fair Value | ||||||
REAL ESTATE OWNERS & DEVELOPERS - 0.1% | ||||||||
St. Joe Co. (The) | 5,140 | $ | 220,506 | |||||
REAL ESTATE SERVICES - 0.7% | ||||||||
Investors Real Estate Trust | 3,050 | 207,400 | ||||||
Marcus & Millichap, Inc. (a) | 9,260 | 312,062 | ||||||
RE/MAX Holdings, Inc. - Class A | 4,650 | 183,164 | ||||||
Realogy Holdings Corp. (a) | 25,680 | 388,538 | ||||||
1,091,164 | ||||||||
REITS - 8.3% | ||||||||
Acadia Realty Trust | 17,540 | 332,734 | ||||||
Agree Realty Corp. (b) | 9,030 | 607,809 | ||||||
Alexander & Baldwin, Inc. | 14,570 | 244,630 | ||||||
American Assets Trust, Inc. | 6,220 | 201,777 | ||||||
Armada Hoffler Properties, Inc. | 17,570 | 220,328 | ||||||
ARMOUR Residential REIT, Inc. | 16,350 | 199,470 | ||||||
Brandywine Realty Trust | 38,600 | 498,326 | ||||||
CareTrust REIT, Inc. | 16,990 | 395,612 | ||||||
Chatham Lodging Trust (a) | 14,320 | 188,451 | ||||||
Community Healthcare Trust, Inc. | 5,180 | 238,902 | ||||||
DiamondRock Hospitality Co. (a) | 41,780 | 430,334 | ||||||
Diversified Healthcare Trust | 65,960 | 315,289 | ||||||
Easterly Government Properties, Inc. | 9,670 | 200,459 | ||||||
Essential Properties Realty Trust, Inc. | 14,970 | 341,765 | ||||||
Four Corners Property Trust, Inc. | 12,660 | 346,884 | ||||||
Franklin Street Properties Corp. | 32,340 | 176,253 | ||||||
Getty Realty Corp. | 8,140 | 230,525 | ||||||
Global Net Lease, Inc. | 16,180 | 292,211 | ||||||
Hersha Hospitality Trust (a) | 18,960 | 200,028 | ||||||
Independence Realty Trust, Inc. | 16,080 | 244,416 | ||||||
Industrial Logistics Properties Trust | 10,050 | 232,456 | ||||||
Innovative Industrial Properties, Inc. (b) | 3,480 | 626,957 | ||||||
iStar, Inc. | 14,210 | 252,654 | ||||||
Kite Realty Group Trust (b) | 10,900 | 210,261 | ||||||
Lexington Realty Trust | 32,120 | 356,853 | ||||||
LTC Properties, Inc. | 7,200 | 300,384 | ||||||
Mack-Cali Realty Corp. | 6,970 | 107,896 | ||||||
Matson, Inc. | 6,440 | 429,548 | ||||||
National Storage Affiliates Trust | 10,520 | 420,064 |
Schedule of Portfolio Investments (Continued) | ||||||||
Praxis Small Cap Index Fund | ||||||||
COMMON STOCKS - 98.6% (Continued) | Shares | Fair Value | ||||||
REITS - 8.3% (Continued) | ||||||||
Office Properties Income Trust | 8,140 | $ | 224,013 | |||||
Retail Opportunity Investments Corp. | 22,870 | 362,947 | ||||||
Retail Properties of America, Inc. - Class A | 45,460 | 476,421 | ||||||
RPT Realty | 19,470 | 222,153 | ||||||
Safehold, Inc. | 3,430 | 240,443 | ||||||
Saul Centers, Inc. | 3,420 | 137,176 | ||||||
SITE Centers Corp. | 26,930 | 365,171 | ||||||
Summit Hotel Properties, Inc. (a) (b) | 24,240 | 246,278 | ||||||
Tanger Factory Outlet Centers, Inc. | 19,350 | 292,765 | ||||||
Uniti Group, Inc. | 35,680 | 393,550 | ||||||
Universal Health Realty Income Trust | 1,680 | 113,870 | ||||||
Washington Real Estate Investment Trust | 9,510 | 210,171 | ||||||
Xenia Hotel & Resorts, Inc. | 18,240 | 355,680 | ||||||
12,483,914 | ||||||||
RENEWABLE ENERGY - 0.3% | ||||||||
Renewable Energy Group, Inc. (a) | 5,840 | 385,674 | ||||||
RETAIL - CONSUMER STAPLES - 0.6% | ||||||||
Big Lots, Inc. | 5,740 | 392,042 | ||||||
PriceSmart, Inc. | 2,690 | 260,257 | ||||||
SpartanNash Co. | 9,200 | 180,596 | ||||||
832,895 | ||||||||
RETAIL - DISCRETIONARY - 7.2% | ||||||||
Abercrombie & Fitch Co. - Class A (a) | 13,550 | 464,900 | ||||||
America's Car-Mart, Inc. (a) | 870 | 132,562 | ||||||
Asbury Automotive Group, Inc. (a) (b) | 3,100 | 609,150 | ||||||
Bed Bath & Beyond, Inc. (a) | 19,560 | 570,174 | ||||||
Boot Barn Holdings, Inc. (a) | 4,560 | 284,134 | ||||||
Buckle, Inc. (The) | 5,380 | 211,326 | ||||||
Caleres, Inc. | 10,210 | 222,578 | ||||||
Chico's FAS, Inc. (a) | 40,780 | 134,982 | ||||||
Children's Place, Inc. (The) (a) (b) | 4,250 | 296,225 | ||||||
Designer Brands, Inc. - Class A (a) | 11,180 | 194,532 | ||||||
Ethan Allen Interiors, Inc. | 16,450 | 454,184 | ||||||
GameStop Corp. - Class A (a) | 8,560 | 1,624,859 | ||||||
Genesco, Inc. (a) | 3,300 | 156,750 | ||||||
GMS, Inc. (a) (b) | 7,050 | 294,337 | ||||||
Group 1 Automotive, Inc. (b) | 3,050 | 481,259 |
Schedule of Portfolio Investments (Continued) | ||||||||
Praxis Small Cap Index Fund | ||||||||
COMMON STOCKS - 98.6% (Continued) | Shares | Fair Value | ||||||
RETAIL - DISCRETIONARY - 7.2% (Continued) | ||||||||
Guess?, Inc. (b) | 9,260 | $ | 217,610 | |||||
Hibbett Sports, Inc. (a) | 5,140 | 354,095 | ||||||
La-Z-Boy, Inc. | 6,970 | 296,086 | ||||||
Lumber Liquidators Holdings, Inc. (a) | 8,400 | 211,008 | ||||||
Macy's, Inc. (a) | 66,210 | 1,071,940 | ||||||
MarineMax, Inc. (a) (b) | 3,780 | 186,581 | ||||||
Michaels Cos., Inc. (The) (a) | 13,040 | 286,098 | ||||||
Monro, Inc. | 6,250 | 411,250 | ||||||
ODP Corp. (The) (a) | 7,677 | 332,337 | ||||||
Sally Beauty Holdings, Inc. (a) | 15,060 | 303,158 | ||||||
Signet Jewelers Ltd. (a) | 2,170 | 125,817 | ||||||
Sleep Number Corp. (a) | 4,070 | 584,004 | ||||||
Sonic Automotive, Inc. - Class A (b) | 4,410 | 218,604 | ||||||
Zumiez, Inc. (a) | 4,180 | 179,322 | ||||||
10,909,862 | ||||||||
SEMICONDUCTORS - 3.3% | ||||||||
Axcelis Technologies, Inc. (a) | 7,890 | 324,200 | ||||||
CEVA, Inc. (a) | 4,260 | 239,199 | ||||||
Cohu, Inc. (a) | 7,270 | 304,177 | ||||||
CTS Corp. | 6,010 | 186,671 | ||||||
Diodes, Inc. (a) | 6,230 | 497,403 | ||||||
FormFactor, Inc. (a) | 11,450 | 516,509 | ||||||
Kulicke & Soffa Industries, Inc. | 9,850 | 483,734 | ||||||
MaxLinear, Inc. (a) | 8,600 | 293,088 | ||||||
Onto Innovation, Inc. (a) | 10,847 | 712,756 | ||||||
Photronics, Inc. (a) (b) | 16,690 | 214,633 | ||||||
Power Integrations, Inc. | 6,080 | 495,398 | ||||||
Rambus, Inc. (a) (b) | 13,445 | 261,371 | ||||||
Ultra Clean Holdings, Inc. (a) | 5,050 | 293,102 | ||||||
Veeco Instruments, Inc. (a) | 8,620 | 178,779 | ||||||
5,001,020 | ||||||||
SOFTWARE - 3.0% | ||||||||
Agilysys, Inc. (a) | 6,190 | 296,872 | ||||||
Allscripts Healthcare Solutions, Inc. (a) (b) | 16,430 | 246,696 | ||||||
BM Technologies, Inc. - Class A (a) (d) | 1,069 | 12,454 | ||||||
Bottomline Technologies (de), Inc. (a) | 5,810 | 262,903 | ||||||
Digi International, Inc. (a) | 5,920 | 112,421 | ||||||
Donnelley Financial Solutions, Inc. (a) | 6,550 | 182,286 |
Schedule of Portfolio Investments (Continued) | ||||||||
Praxis Small Cap Index Fund | ||||||||
COMMON STOCKS - 98.6% (Continued) | Shares | Fair Value | ||||||
SOFTWARE - 3.0% (Continued) | ||||||||
Ebix, Inc. | 7,800 | $ | 249,834 | |||||
LivePerson, Inc. (a) (b) | 9,500 | 501,030 | ||||||
MicroStrategy, Inc. - Class A (a) (b) | 1,230 | 834,924 | ||||||
NextGen Healthcare, Inc. (a) | 9,550 | 172,855 | ||||||
PDF Solutions, Inc. (a) | 9,190 | 163,398 | ||||||
Progress Software Corp. | 6,410 | 282,425 | ||||||
Simulations Plus, Inc. | 2,170 | 137,231 | ||||||
SPS Commerce, Inc. (a) | 5,620 | 558,122 | ||||||
Tabula Rasa HealthCare, Inc. (a) (b) | 4,720 | 217,356 | ||||||
Xperi Holding Corp. | 13,121 | 285,644 | ||||||
4,516,451 | ||||||||
SPECIALTY FINANCE - 2.6% | ||||||||
Apollo Commercial Real Estate Finance, Inc. | 31,690 | 442,709 | ||||||
Capstead Mortgage Corp. | 27,500 | 171,325 | ||||||
Deluxe Corp. | 8,680 | 364,213 | ||||||
Encore Capital Group, Inc. (a) | 4,100 | 164,943 | ||||||
Enova International, Inc. (a) | 7,260 | 257,585 | ||||||
Granite Point Mortgage Trust, Inc. | 14,530 | 173,924 | ||||||
Invesco Mortgage Capital, Inc. (b) | 43,621 | 174,920 | ||||||
KKR Real Estate Finance Trust, Inc. | 6,670 | 122,661 | ||||||
Mr. Cooper Group, Inc. (a) | 10,090 | 350,728 | ||||||
New York Mortgage Trust, Inc. | 75,880 | 339,184 | ||||||
PennyMac Mortgage Investment Trust | 15,630 | 306,348 | ||||||
PRA Group, Inc. (a) | 6,920 | 256,525 | ||||||
Redwood Trust, Inc. | 19,810 | 206,222 | ||||||
Stewart Information Services Corp. | 3,830 | 199,275 | ||||||
Walker & Dunlop, Inc. | 4,340 | 445,892 | ||||||
3,976,454 | ||||||||
STEEL - 0.2% | ||||||||
Allegheny Technologies, Inc. (a) | 14,220 | 299,473 | ||||||
TECHNOLOGY HARDWARE - 3.4% | ||||||||
3D Systems Corp. (a) | 17,100 | 469,224 | ||||||
ADTRAN, Inc. | 14,390 | 240,025 | ||||||
Benchmark Electronics, Inc. | 7,800 | 241,176 | ||||||
CalAmp Corp. (a) | 10,560 | 114,576 | ||||||
Comtech Telecommunications Corp. | 4,570 | 113,519 | ||||||
Daktronics, Inc. (a) | 23,460 | 147,094 |
Schedule of Portfolio Investments (Continued) | ||||||||
Praxis Small Cap Index Fund | ||||||||
COMMON STOCKS - 98.6% (Continued) | Shares | Fair Value | ||||||
TECHNOLOGY HARDWARE - 3.4% (Continued) | ||||||||
Diebold Nixdorf, Inc. (a) (b) | 8,910 | $ | 125,898 | |||||
Extreme Networks, Inc. (a) | 29,990 | 262,413 | ||||||
Harmonic, Inc. (a) | 17,410 | 136,495 | ||||||
Knowles Corp. (a) (b) | 18,120 | 379,070 | ||||||
NETGEAR, Inc. (a) | 4,710 | 193,581 | ||||||
Pitney Bowes, Inc. | 38,270 | 315,345 | ||||||
Plantronics, Inc. (a) | 5,500 | 214,005 | ||||||
Plexus Corp. (a) (b) | 4,900 | 450,016 | ||||||
Sanmina Corp. (a) (b) | 13,090 | 541,664 | ||||||
TTM Technologies, Inc. (a) | 16,420 | 238,090 | ||||||
Universal Electronics, Inc. (a) | 2,770 | 152,267 | ||||||
Viavi Solutions, Inc. (a) (b) | 37,780 | 593,146 | ||||||
Vicor Corp. (a) | 1,970 | 167,509 | ||||||
5,095,113 | ||||||||
TECHNOLOGY SERVICES - 3.0% | ||||||||
Cardtronics plc - Class A (a) | 18,710 | 725,948 | ||||||
CSG Systems International, Inc. | 3,800 | 170,582 | ||||||
EVERTEC, Inc. | 10,810 | 402,348 | ||||||
ExlService Holdings, Inc. (a) | 5,430 | 489,569 | ||||||
Green Dot Corp. - Class A (a) | 7,600 | 348,004 | ||||||
Insight Enterprises, Inc. (a) | 8,860 | 845,421 | ||||||
NIC, Inc. | 11,920 | 404,446 | ||||||
Perficient, Inc. (a) | 5,160 | 302,995 | ||||||
Sykes Enterprises, Inc. (a) | 5,050 | 222,604 | ||||||
TTEC Holdings, Inc. | 3,630 | 364,634 | ||||||
Unisys Corp. (a) | 10,560 | 268,435 | ||||||
4,544,986 | ||||||||
TELECOMMUNICATIONS - 1.3% | ||||||||
8x8, Inc. (a) | 16,250 | 527,150 | ||||||
ATN International, Inc. | 3,340 | 164,061 | ||||||
Cogent Communications Holdings, Inc. | 5,100 | 350,676 | ||||||
Consolidated Communications Holdings, Inc. (a) | 29,970 | 215,784 | ||||||
Shenandoah Telecommunications Co. | 4,620 | 225,502 | ||||||
Vonage Holdings Corp. (a) | 39,210 | 463,462 | ||||||
1,946,635 | ||||||||
TRANSPORTATION & LOGISTICS - 2.9% | ||||||||
Allegiant Travel Co. (a) | 1,900 | 463,714 | ||||||
ArcBest Corp. | 6,890 | 484,849 |
Schedule of Portfolio Investments (Continued) | ||||||||
Praxis Small Cap Index Fund | ||||||||
COMMON STOCKS - 98.6% (Continued) | Shares | Fair Value | ||||||
TRANSPORTATION & LOGISTICS - 2.9% (Continued) | ||||||||
Atlas Air Worldwide Holdings, Inc. (a) | 4,200 | $ | 253,848 | |||||
Bristow Group, Inc. (a) | 8,623 | 223,163 | ||||||
Echo Global Logistics, Inc. (a) | 6,670 | 209,505 | ||||||
Forward Air Corp. | 4,620 | 410,302 | ||||||
Hawaiian Holdings, Inc. (a) | 10,110 | 269,634 | ||||||
Hub Group, Inc. - Class A (a) | 3,480 | 234,134 | ||||||
Marten Transport Ltd. | 18,180 | 308,515 | ||||||
Saia, Inc. (a) | 4,610 | 1,062,974 | ||||||
SEACOR Holdings, Inc. (a) | 3,470 | 141,402 | ||||||
SkyWest, Inc. (a) | 5,770 | 314,350 | ||||||
4,376,390 | ||||||||
TRANSPORTATION EQUIPMENT - 0.4% | ||||||||
Greenbrier Cos., Inc. (The) | 6,020 | 284,264 | ||||||
Meritor, Inc. (a) | 12,840 | 377,753 | ||||||
662,017 | ||||||||
WHOLESALE - CONSUMER STAPLES - 0.5% | ||||||||
Andersons, Inc. (The) | 10,490 | 287,216 | ||||||
Chefs' Warehouse, Inc. (The) (a) | 5,600 | 170,576 | ||||||
United Natural Foods, Inc. (a) (b) | 9,910 | 326,436 | ||||||
784,228 | ||||||||
WHOLESALE - DISCRETIONARY - 0.9% | ||||||||
ePlus, Inc. (a) | 2,280 | 227,179 | ||||||
G-III Apparel Group Ltd. (a) | 9,060 | 273,069 | ||||||
PC Connection, Inc. | 2,970 | 137,778 | ||||||
ScanSource, Inc. (a) | 23,700 | 709,815 | ||||||
1,347,841 | ||||||||
TOTAL COMMON STOCKS (COST $98,652,153) | $ | 148,698,291 |
Schedule of Portfolio Investments (Continued) | ||||||||
Praxis Small Cap Index Fund | ||||||||
RIGHTS - 0.0% (c) | Shares | Fair Value | ||||||
Lantheus Holdings, Inc., CVR (a) (e) (Cost $0) | 28,980 | $ | 2,608 |
CORPORATE NOTES - 0.9% | Coupon | Maturity | Principal Amount | Fair Value | ||||||||||||
COMMUNITY DEVELOPMENT - 0.9% | ||||||||||||||||
Calvert Social Investment Foundation, Inc. (d) | 2.000 | % | 06/15/22 | $ | 70,000 | $ | 70,000 | |||||||||
Calvert Social Investment Foundation, Inc. (d) | 3.000 | % | 06/15/23 | 330,000 | 330,000 | |||||||||||
Calvert Social Investment Foundation, Inc. (d) | 3.000 | % | 12/15/23 | 330,000 | 330,000 | |||||||||||
Calvert Social Investment Foundation, Inc. (d) | 3.000 | % | 06/17/24 | 60,000 | 60,000 | |||||||||||
Calvert Social Investment Foundation, Inc. (d) | 3.000 | % | 12/15/24 | 90,000 | 90,000 | |||||||||||
Calvert Social Investment Foundation, Inc. (d) | 2.500 | % | 06/13/25 | 150,000 | 149,700 | |||||||||||
Calvert Social Investment Foundation, Inc. (d) | 2.500 | % | 12/15/25 | 280,000 | 280,000 | |||||||||||
TOTAL CORPORATE NOTES (COST $1,310,000) | $ | 1,309,700 |
MONEY MARKET FUNDS - 0.3% | Shares | Fair Value | ||||||
First American Government Obligations Fund - Class X, 0.04% (f) (COST $479,389) | 479,389 | $ | 479,389 |
Schedule of Portfolio Investments (Continued) | ||||||||
Praxis Small Cap Index Fund | ||||||||
COLLATERAL FOR SECURITIES LOANED - 7.5% | Shares | Fair Value | ||||||
Mount Vernon Liquid Assets Portfolio, LLC, 0.11% (f) (g) (COST $11,305,106) | 11,305,106 | $ | 11,305,106 | |||||
TOTAL INVESTMENTS - (COST $111,746,648) - 107.3% | $ | 161,795,094 | ||||||
LIABILITIES IN EXCESS OF OTHER ASSETS - (7.3%) | (11,060,406 | ) | ||||||
NET ASSETS - 100.0% | $ | 150,734,688 |
(a) | Non-income producing security. |
(b) | All or a portion of the security is on loan. The total value of the securities on loan as of March 31, 2021 was $11,150,011. |
(c) | Percentage rounds to less than 0.1%. |
(d) | Restricted and/or illiquid securities not registered under the Securities Act of 1933 are as follows: |
Acquisition | Current | Fair | % of Net | |||||||||||
Date | Cost | Value | Assets | |||||||||||
BM Technologies, Inc. - Class A | 01/08/21 | $ | 14,383 | $ | 12,454 | 0.0 | %(c) | |||||||
Calvert Social Investment Foundation, Inc. 2.000%, 06/15/22 | 06/17/19 | 70,000 | 70,000 | 0.1 | % | |||||||||
Calvert Social Investment Foundation, Inc. 3.000%, 06/15/23 | 06/18/18 | 330,000 | 330,000 | 0.2 | % | |||||||||
Calvert Social Investment Foundation, Inc. 3.000%, 12/15/23 | 12/17/18 | 330,000 | 330,000 | 0.2 | % | |||||||||
Calvert Social Investment Foundation, Inc. 3.000%, 06/17/24 | 06/17/19 | 60,000 | 60,000 | 0.0 | %(c) | |||||||||
Calvert Social Investment Foundation, Inc. 3.000%, 12/13/24 | 12/12/19 | 90,000 | 90,000 | 0.1 | % | |||||||||
Calvert Social Investment Foundation, Inc. 2.500%, 06/13/25 | 06/12/20 | 150,000 | 149,700 | 0.1 | % | |||||||||
Calvert Social Investment Foundation, Inc. 2.500%, 12/15/25 | 12/15/20 | 280,000 | 280,000 | 0.2 | % | |||||||||
$ | 1,324,383 | $ | 1,322,154 | 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 $2,608 as of March 31, 2021, representing 0.0% (c) of net assets. |
(f) | The rate shown is the 7-day effective yield as of March 31, 2021. |
(g) | The security was purchased with cash collateral held from securities on loan. |
CVR - Contingent Value Right
plc - Public Liability Company
REIT - Real Estate Investment Trust
Schedule of Portfolio Investments | ||||||||
Praxis Genesis Conservative Portfolio | ||||||||
March 31, 2021 (Unaudited) | ||||||||
AFFILIATED MUTUAL FUNDS - 100.0% | Shares | Fair Value | ||||||
DEBT FUND - 69.6% | ||||||||
Praxis Impact Bond Fund - Class I | 1,821,475 | $ | 19,562,646 | |||||
EQUITY FUND - 30.4% | ||||||||
Praxis Growth Index Fund - Class I | 76,671 | 2,687,303 | ||||||
Praxis International Index Fund - Class I | 190,986 | 2,542,024 | ||||||
Praxis Small Cap Index Fund - Class I | 53,936 | 681,748 | ||||||
Praxis Value Index Fund - Class I | 166,489 | 2,630,522 | ||||||
8,541,597 | ||||||||
TOTAL AFFILIATED MUTUAL FUNDS (COST $23,320,000) | $ | 28,104,243 |
MONEY MARKET FUNDS - 0.0% (a) | Shares | Fair Value | ||||||
First American Government Obligations Fund - Class X, 0.04% (b) (COST $5,470) | 5,470 | $ | 5,470 | |||||
TOTAL INVESTMENTS - (COST $23,325,470) - 100.0% | $ | 28,109,713 | ||||||
LIABILITIES IN EXCESS OF OTHER ASSETS - (0.0%) (a) | (5,746 | ) | ||||||
NET ASSETS - 100.0% | $ | 28,103,967 |
(a) | Percentage rounds to less than 0.1%. |
(b) | The rate shown is the 7-day effective yield as of March 31, 2021. |
Schedule of Portfolio Investments | ||||||||
Praxis Genesis Balanced Portfolio | ||||||||
March 31, 2021 (Unaudited) | ||||||||
AFFILIATED MUTUAL FUNDS - 100.0% | Shares | Fair Value | ||||||
DEBT FUND - 39.7% | ||||||||
Praxis Impact Bond Fund - Class I | 3,332,078 | $ | 35,786,513 | |||||
EQUITY FUND - 60.3% | ||||||||
Praxis Growth Index Fund - Class I | 424,433 | 14,876,388 | ||||||
Praxis International Index Fund - Class I | 1,219,768 | 16,235,111 | ||||||
Praxis Small Cap Index Fund - Class I | 690,497 | 8,727,880 | ||||||
Praxis Value Index Fund - Class I | 922,547 | 14,576,248 | ||||||
54,415,627 | ||||||||
TOTAL AFFILIATED MUTUAL FUNDS (COST $64,554,230) | $ | 90,202,140 |
MONEY MARKET FUNDS - 0.0% (a) | Shares | Fair Value | ||||||
First American Government Obligations Fund - Class X, 0.04% (b) (COST $264) | 264 | $ | 264 | |||||
TOTAL INVESTMENTS - (COST $64,554,494) - 100.0% | $ | 90,202,404 | ||||||
LIABILITIES IN EXCESS OF OTHER ASSETS - (0.0%) (a) | (27,287 | ) | ||||||
NET ASSETS - 100.0% | $ | 90,175,117 |
(a) | Percentage rounds to less than 0.1%. |
(b) | The rate shown is the 7-day effective yield as of March 31, 2021. |
Schedule of Portfolio Investments | ||||||||
Praxis Genesis Growth Portfolio | ||||||||
March 31, 2021 (Unaudited) | ||||||||
AFFILIATED MUTUAL FUNDS - 100.0% | Shares | Fair Value | ||||||
DEBT FUND - 19.8% | ||||||||
Praxis Impact Bond Fund - Class I | 1,657,984 | $ | 17,806,748 | |||||
EQUITY FUND - 80.2% | ||||||||
Praxis Growth Index Fund - Class I | 540,970 | 18,961,011 | ||||||
Praxis International Index Fund - Class I | 1,617,697 | 21,531,541 | ||||||
Praxis Small Cap Index Fund - Class I | 1,030,361 | 13,023,757 | ||||||
Praxis Value Index Fund - Class I | 1,176,256 | 18,584,843 | ||||||
72,101,152 | ||||||||
TOTAL AFFILIATED MUTUAL FUNDS (COST $59,245,306) | $ | 89,907,900 |
MONEY MARKET FUNDS - 0.0% (a) | Shares | Fair Value | ||||||
First American Government Obligations Fund - Class X, 0.04% (b) (COST $69) | 69 | $ | 69 | |||||
TOTAL INVESTMENTS - (COST $59,245,375) - 100.0% | $ | 89,907,969 | ||||||
LIABILITIES IN EXCESS OF OTHER ASSETS - (0.0%) (a) | (37,459 | ) | ||||||
NET ASSETS - 100.0% | $ | 89,870,510 |
(a) | Percentage rounds to less than 0.1%. |
(b) | The rate shown is the 7-day effective yield as of March 31, 2021. |