MMSCX Fees and Costs — Praxis Small Cap Index Fund, Class A
Data updated: 2026-08-31
The net expense ratio is 0.94%: a 0.30% management fee, a 0.25% 12b-1 fee plus 0.39% other expenses. This share class carries a maximum front-end sales load of 5.25%. In fiscal 2025 the fund paid $31K in broker commissions, 0.0164% of average net assets, and portfolio turnover was 35%.
MMSCX Fees and Expenses
Annual operating expenses and sales charges of MMSCX. Prospectus, as of April 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.30% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.39% |
| Gross expense ratio | 0.94% |
| Fee waiver | — |
| Net expense ratio | 0.94% |
| Sales charges | |
|---|---|
| Max front load | 5.25% |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
MMSCX Costs Over Time
On $10,000 invested in MMSCX, assuming 5% a year before costs, total costs come to $1,237 over 5 years, cutting the return by 2.12% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Sales charges | $525 | $525 | $525 |
| Fund expenses (net expense ratio 0.94%) | $94 | $292 | $506 |
| Trading costs (broker commissions) | $2 | $5 | $9 |
| Lost growth on money paid in costs | $26 | $97 | $197 |
| Total costs | $646 | $919 | $1,237 |
| Value after costs | $9,854 | $10,657 | $11,525 |
| Impact on return, per year | 6.46% | 2.86% | 2.12% |
MMSCX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0164%
- Total broker commissions: $31K
- Bought from dealers (principal trades, not a cost): $6.1M
- Portfolio turnover (prospectus): 35%
- Securities on loan, average value: $22.5M
- Net income from securities lending: $74K (0.040% of average net assets)
MMSCX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| TD SECURITIES LLC | $30K | 96.45% |
| COWEN AND COMPANY LLC | $1K | 3.55% |
MMSCX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| INSPEREX | $570K | 77.03% |
| UBS SECURITIES, INC | $170K | 22.97% |
Praxis Small Cap Index Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| MMSIX | Class I | 0.42% | none |
| MMSCX | Class A | 0.94% | 5.25% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.