MMSIX Fees and Costs — Praxis Small Cap Index Fund, Class I
Data updated: 2026-08-31
The net expense ratio is 0.42%: a 0.30% management fee plus 0.12% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $31K in broker commissions, 0.0164% of average net assets, and portfolio turnover was 35%.
MMSIX Fees and Expenses
Annual operating expenses and sales charges of MMSIX. Prospectus, as of April 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.30% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.12% |
| Gross expense ratio | 0.42% |
| Fee waiver | — |
| Net expense ratio | 0.42% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| 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 |
MMSIX Costs Over Time
On $10,000 invested in MMSIX, assuming 5% a year before costs, total costs come to $276 over 5 years, cutting the return by 0.46% 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 |
| Fund expenses (net expense ratio 0.42%) | $44 | $138 | $241 |
| Trading costs (broker commissions) | $2 | $5 | $9 |
| Lost growth on money paid in costs | $0 | $7 | $25 |
| Total costs | $46 | $151 | $276 |
| Value after costs | $10,454 | $11,425 | $12,487 |
| Impact on return, per year | 0.46% | 0.46% | 0.46% |
MMSIX 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)
MMSIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| TD SECURITIES LLC | $30K | 96.45% |
| COWEN AND COMPANY LLC | $1K | 3.55% |
MMSIX 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.