MVIIX Fees and Costs — Praxis Value Index Fund, Class I
Data updated: 2026-08-31
The net expense ratio is 0.37%: a 0.24% management fee plus 0.13% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $25K in broker commissions, 0.0049% of average net assets, and portfolio turnover was 26%.
MVIIX Fees and Expenses
Annual operating expenses and sales charges of MVIIX. Prospectus, as of April 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.24% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.13% |
| Gross expense ratio | 0.37% |
| Fee waiver | — |
| Net expense ratio | 0.37% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
MVIIX Costs Over Time
On $10,000 invested in MVIIX, assuming 5% a year before costs, total costs come to $237 over 5 years, cutting the return by 0.39% 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 0.37%) | $39 | $122 | $213 |
| Trading costs (broker commissions) | $1 | $2 | $3 |
| Lost growth on money paid in costs | $0 | $6 | $22 |
| Total costs | $39 | $130 | $237 |
| Value after costs | $10,461 | $11,447 | $12,525 |
| Impact on return, per year | 0.39% | 0.39% | 0.39% |
MVIIX 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): 0.0049%
- Total broker commissions: $25K
- Bought from dealers (principal trades, not a cost): $14.2M
- Portfolio turnover (prospectus): 26%
- Securities on loan, average value: $12.4M
- Net income from securities lending: $18K (0.003% of average net assets)
MVIIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| TD SECURITIES (USA) LLC | $23K | 92.04% |
| COWEN AND COMPANY LLC | $2K | 7.96% |
MVIIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| INSPEREX | $1.2M | 88.72% |
| UBS Securities, INC. | $150K | 11.28% |
Praxis Value 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 |
|---|---|---|---|
| MVIIX | Class I | 0.37% | none |
| MVIAX | Class A | 0.69% | 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.