0000912900 false 2022-12-31 497 N-1A
~ http://praxis/role/PerformanceTableData column period compact * column dei_LegalEntityAxis compact praxis_S000030941Member column rr_ProspectusShareClassAxis compact * row primary compact * ~
~ http://praxis/role/PerformanceTableData column period compact * column dei_LegalEntityAxis compact praxis_S000030941Member column rr_ProspectusShareClassAxis compact * row primary compact * ~
 0000912900 2023-09-14 2023-09-14 0000912900 praxis:S000030941Member praxis:C000095945Member 2023-09-14 2023-09-14 0000912900 praxis:S000030941Member praxis:C000095946Member 2023-09-14 2023-09-14 0000912900 praxis:S000030941Member 2023-09-14 2023-09-14 0000912900 praxis:S000030941Member praxis:C000095945Member rr:AfterTaxesOnDistributionsMember 2023-09-14 2023-09-14 0000912900 praxis:S000030941Member praxis:C000095945Member rr:AfterTaxesOnDistributionsAndSalesMember 2023-09-14 2023-09-14 0000912900 praxis:S000030941Member praxis:Index1Member 2023-09-14 2023-09-14 0000912900 praxis:S000030941Member praxis:Index2Member 2023-09-14 2023-09-14 iso4217:USD xbrli:pure

 

Praxis Mutual Funds

 

Praxis International Index Fund

Class A (MPLAX) and Class I (MPLIX)

 

Supplement dated September 14, 2023 to the
Summary Prospectus, Prospectus and Statement of Additional Information dated May 1, 2023

 

 

All references in the Praxis International Index Fund’s (the “Fund”) Summary Prospectus, Prospectus and Statement of Additional Information to the Morningstar® Global ex-US Target Market Exposure GR USD IndexSM are hereby replaced with the Morningstar® Global ex-US Target Market Exposure NR USD IndexSM.

 

In addition, the Fund Performance tables in the Fund’s Summary Prospectus and Prospectus are replaced with the following:

 

Average Annual Total Returns
For the Periods Ended December 31, 2022
(with maximum sales charge)

  Class A  1 Year  5 Years  10 Years
Return Before Taxes -21.10% -0.72% 2.51%
Return After Taxes on Distributions -21.24% -0.90% 2.31%
Return After Taxes on Distributions and Sale of Fund Shares -12.14% -0.38% 2.10%

 

Average Annual Total Returns
For the Periods Ended December 31, 2022

  Class I  1 Year  5 Years  10 Years
Return Before Taxes -16.18% 1.04% 3.69%
Morningstar® Global ex-US Target Market Exposure NR USD IndexSM* -15.32%  1.29% 3.96%

MSCI ACWI ex USA Index (Net)
(reflects reinvested dividends net of withholding taxes but reflects no deduction for fees, expenses or other taxes)

 -16.00% 0.88% 3.80%

 

*Effective May 25, 2023, the Fund’s benchmark index changed from the MSCI ACWI ex USA Index (Net) to the Morningstar® Global ex-US Target Market Exposure NR USD IndexSM. The Fund believes the new index provides a comparable representation of the foreign developed and emerging markets in which the Fund invests to that of the prior benchmark index.

 

You cannot invest directly in an index. Unlike mutual funds, an index does not incur expenses. If expenses were deducted, the actual returns of an index would be lower.

 

PLEASE RETAIN THIS SUPPLEMENT FOR YOUR FUTURE REFERENCE