Praxis Value Index I (MVIIX)
Praxis Value Index I operates in the Asset Management industry of the Financial Services sector, headquartered in Goshen, IN, US. The stock last traded at $22.88, up 0.39% on the session, giving a market capitalisation of $616.3M. Its beta of 0.83 implies it has historically moved less than the broad market.
This fund primarily allocates its capital to U.S. stocks, aiming to replicate the returns of the U.S. large-cap value equity market, specifically benchmarked against the S&P 500 Value Index. Under typical market conditions, a minimum of 80% of its portfolio value will be dedicated to securities issued by or otherwise connected to the constituents of its benchmark. Furthermore, a central tenet of its investment strategy involves selecting companies that adhere to the fundamental principles of Stewardship Investing.
Praxis Value Index I is most often compared with the following Financial Services names: