NPORT-EX 2 222.htm 222

 

Schedule of Portfolio Investments

Praxis Impact Bond Fund

September 30, 2021 (Unaudited)

            
MUNICIPAL BONDS - 1.1%  Coupon    Maturity  Principal Amount     Fair Value  
American Municipal Power Ohio, Inc., Rev. Taxable-Hydroelectric Projects, Series 2010-A  7.334%  02/15/28  $1,000,000   $1,262,317 
City of San Francisco, California, Public Utilities Comm. Water Rev., Series 2019-A  3.303%  11/01/39   2,500,000    2,671,919 
Findlay City School District, Series 2010-B  6.250%  12/01/37   270,000    270,988 
Houston, Texas, Independent School District, Series 2009A-2  6.168%  02/15/34   1,000,000    1,003,470 
Massachusetts St., Series 2016-F  3.277%  06/01/46   3,100,000    3,411,023 
New Jersey St. Housing & Mortgage Finance, Series 2013-C  2.600%  07/01/23   115,000    116,750 
Osceola County Housing Finance Authority Rev., Series 2013-B  3.350%  07/01/23   85,000    88,709 
TOTAL MUNICIPAL BONDS (COST $8,450,539)              $8,825,176 

 

CORPORATE BONDS - 36.5%  Coupon   Maturity  Principal Amount   Fair Value 
APPAREL & TEXTILE PRODUCTS - 0.1%                 
Hanesbrands, Inc. (a)(b)  4.625%  05/15/24  $500,000   $527,140 
VF Corp.  2.400%  04/23/25   536,000    558,537 
                1,085,677 
ASSET MANAGEMENT - 0.1%                 
Ameriprise Financial, Inc.  3.000%  04/02/25   730,000    775,480 
                  
AUTOMOTIVE - 0.6%                 
BMW US Capital, LLC (b)  3.800%  04/06/23   1,000,000    1,048,943 
BorgWarner, Inc. (a)  2.650%  07/01/27   601,000    633,430 
Hyundai Capital Services, Inc. (b)  1.250%  02/08/26   200,000    196,921 
Magna International, Inc.  2.450%  06/15/30   1,250,000    1,269,430 
Toyota Motor Credit Corp., Series B  2.900%  03/30/23   1,735,000    1,801,396 
                4,950,120 
BANKING - 4.4%                 
Bank of America Corp.  3.300%  01/11/23   500,000    518,889 
Bank of America Corp.  3.335%  01/25/23   1,000,000    1,009,548 
Bank of America Corp.  4.100%  07/24/23   1,000,000    1,066,107 

 

 

Schedule of Portfolio Investments (Continued)

Praxis Impact Bond Fund

 

CORPORATE BONDS - 36.5% (Continued)

 

Coupon

 

 

Maturity

 

Principal Amount

 

 

Fair Value

 

BANKING - 4.4% (Continued)

 

 

 

 

 

 

 

 

 

 

 

 

 

Bank of America Corp. (a)

 

0.981

%

 

09/25/25

 

$

1,500,000

 

 

$

1,502,070

 

Bank of America Corp.

 

2.456

%

 

10/22/25

 

 

1,000,000

 

 

 

1,044,530

 

Bank of America Corp.

 

4.271

%

 

07/23/29

 

 

1,000,000

 

 

 

1,133,962

 

Bank of Montreal

 

3.300

%

 

02/05/24

 

 

1,000,000

 

 

 

1,063,374

 

Citigroup, Inc.

 

3.875

%

 

10/25/23

 

 

1,000,000

 

 

 

1,069,742

 

Citigroup, Inc.

 

1.678

%

 

05/15/24

 

 

1,250,000

 

 

 

1,274,315

 

Citigroup, Inc.

 

3.700

%

 

01/12/26

 

 

1,750,000

 

 

 

1,922,295

 

Citigroup, Inc. (a)

 

2.572

%

 

06/03/30

 

 

1,000,000

 

 

 

1,019,304

 

ING Groep N.V. (b)

 

4.625

%

 

01/06/26

 

 

1,250,000

 

 

 

1,418,605

 

JPMorgan Chase & Co.

 

0.653

%

 

09/16/24

 

 

1,000,000

 

 

 

1,002,497

 

JPMorgan Chase & Co.

 

0.563

%

 

02/16/25

 

 

500,000

 

 

 

497,924

 

JPMorgan Chase & Co.

 

3.200

%

 

06/15/26

 

 

2,557,000

 

 

 

2,762,133

 

JPMorgan Chase & Co.

 

2.739

%

 

10/15/30

 

 

2,000,000

 

 

 

2,071,243

 

Key Bank, N.A. (a)

 

1.250

%

 

03/10/23

 

 

1,750,000

 

 

 

1,773,327

 

Mitsubishi UFJ Financial Group

 

2.527

%

 

09/13/23

 

 

1,250,000

 

 

 

1,299,803

 

National Australia Bank, New York Branch

 

3.625

%

 

06/20/23

 

 

1,750,000

 

 

 

1,846,233

 

National Bank of Canada (b)

 

2.150

%

 

10/07/22

 

 

1,250,000

 

 

 

1,273,785

 

PNC Bank N.A.

 

3.500

%

 

06/08/23

 

 

1,285,000

 

 

 

1,349,686

 

Regions Financial Corp.

 

2.250

%

 

05/18/25

 

 

1,000,000

 

 

 

1,039,252

 

Sumitomo Mitsui Financial Group, Inc. (a)

 

0.508

%

 

01/12/24

 

 

2,000,000

 

 

 

1,993,527

 

Toronto-Dominion Bank (SOFR + 45) (c)

 

0.463

%

 

09/28/23

 

 

2,000,000

 

 

 

2,011,234

 

Truist Financial Corp.

 

1.250

%

 

03/09/23

 

 

1,750,000

 

 

 

1,772,914

 

 

 

 

 

 

 

 

 

 

 

 

 

34,736,299

 

BEVERAGES - 0.5%

 

 

 

 

 

 

 

 

 

 

 

 

 

Coca-Cola Co. (The)

 

3.450

%

 

03/25/30

 

 

500,000

 

 

 

559,389

 

Coca-Cola Femsa S.A.B. de C.V.

 

1.850

%

 

09/01/32

 

 

1,000,000

 

 

 

946,270

 

PepsiCo, Inc. (a)

 

2.250

%

 

03/19/25

 

 

2,000,000

 

 

 

2,086,829

 

 

 

 

 

 

 

 

 

 

 

 

 

3,592,488

 

BIOTECH & PHARMA - 0.5%

 

 

 

 

 

 

 

 

 

 

 

 

 

AbbVie, Inc.

 

2.950

%

 

11/21/26

 

 

500,000

 

 

 

535,573

 

Gilead Sciences, Inc.

 

3.650

%

 

03/01/26

 

 

750,000

 

 

 

821,998

 

Zeneca Wilmington, Inc.

 

7.000

%

 

11/15/23

 

 

1,100,000

 

 

 

1,248,998

 

Zoetis, Inc.

 

3.250

%

 

02/01/23

 

 

1,200,000

 

 

 

1,236,655

 

 

 

 

 

 

 

 

 

 

 

 

 

3,843,224

 

 

 

Schedule of Portfolio Investments (Continued)

Praxis Impact Bond Fund

 

CORPORATE BONDS - 36.5% (Continued)

 

Coupon

 

 

Maturity

 

Principal Amount

 

 

Fair Value

 

CABLE & SATELLITE - 0.2%

 

 

 

 

 

 

 

 

 

 

 

 

 

Comcast Corp. (a)

 

3.300

%

 

04/01/27

 

$

500,000

 

 

$

547,497

 

Comcast Corp. (a)(b)

 

2.937

%

 

11/01/56

 

 

672,000

 

 

 

634,762

 

Time Warner Cable, Inc.

 

4.500

%

 

09/15/42

 

 

500,000

 

 

 

547,171

 

 

 

 

 

 

 

 

 

 

 

 

 

1,729,430

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

CHEMICALS - 1.0%

 

 

 

 

 

 

 

 

 

 

 

 

 

Avery Dennison Corp.

 

2.650

%

 

04/30/30

 

 

1,250,000

 

 

 

1,279,983

 

DowDuPont, Inc. (a)

 

4.493

%

 

11/15/25

 

 

1,500,000

 

 

 

1,686,623

 

Ecolab, Inc.

 

4.800

%

 

03/24/30

 

 

140,000

 

 

 

170,059

 

Ecolab, Inc. (a)

 

2.750

%

 

08/18/55

 

 

1,470,000

 

 

 

1,412,437

 

LG Chemical Ltd. (b)

 

3.250

%

 

10/15/24

 

 

290,000

 

 

 

309,609

 

Nutrien Ltd.

 

1.900

%

 

05/13/23

 

 

800,000

 

 

 

817,213

 

Nutrien Ltd.

 

5.875

%

 

12/01/36

 

 

840,000

 

 

 

1,133,380

 

Solvay Finance S.A. (b)

 

4.450

%

 

12/03/25

 

 

1,250,000

 

 

 

1,386,969

 

 

 

 

 

 

 

 

 

 

 

 

 

8,196,273

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

CONSTRUCTION MATERIALS - 0.4%

 

 

 

 

 

 

 

 

 

 

 

 

 

Carlisle Cos., Inc.

 

3.500

%

 

12/01/24

 

 

1,250,000

 

 

 

1,337,987

 

Owens Corning

 

4.200

%

 

12/01/24

 

 

1,000,000

 

 

 

1,090,459

 

Owens Corning (a)

 

3.950

%

 

08/15/29

 

 

300,000

 

 

 

334,717

 

 

 

 

 

 

 

 

 

 

 

 

 

2,763,163

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

CONSUMER SERVICES - 2.8%

 

 

 

 

 

 

 

 

 

 

 

 

 

Andrew W. Mellon Funding

 

0.947

%

 

08/01/27

 

 

1,050,000

 

 

 

1,031,955

 

California Endowment

 

2.498

%

 

04/01/51

 

 

3,500,000

 

 

 

3,369,340

 

Conservation Fund, Series 2019

 

3.474

%

 

12/15/29

 

 

535,000

 

 

 

567,453

 

Ford Foundation (The), Series 2017

 

3.859

%

 

06/01/47

 

 

2,485,000

 

 

 

2,975,408

 

John D. & Catherine T. MacArthur Foundation, Series 2020

 

1.299

%

 

12/01/30

 

 

1,500,000

 

 

 

1,410,625

 

Local Initiatives Support Corp.

 

4.649

%

 

03/01/37

 

 

1,500,000

 

 

 

1,720,440

 

Massachusetts Institute of Technology

 

3.959

%

 

07/01/38

 

 

1,500,000

 

 

 

1,779,604

 

President & Fellows of Harvard College

 

3.150

%

 

07/15/46

 

 

3,961,000

 

 

 

4,391,640

 

University of Notre Dame, Series 2017

 

3.394

%

 

02/15/48

 

 

2,000,000

 

 

 

2,288,341

 

Yale University

 

2.402

%

 

04/15/50

 

 

2,415,000

 

 

 

2,326,166

 

 

 

 

 

 

 

 

 

 

 

 

 

21,860,972

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

CONTAINERS & PACKAGING - 0.4%

 

 

 

 

 

 

 

 

 

 

 

 

 

CCL Industries, Inc. (b)

 

3.050

%

 

06/01/30

 

 

1,750,000

 

 

 

1,833,349

 

Sonoco Products Co.

 

5.750

%

 

11/01/40

 

 

1,000,000

 

 

 

1,350,639

 

 

 

 

 

 

 

 

 

 

 

 

 

3,183,988

 

 

 

Schedule of Portfolio Investments (Continued)

Praxis Impact Bond Fund

 

CORPORATE BONDS - 36.5% (Continued)

 

Coupon

 

 

Maturity

 

Principal Amount

 

 

Fair Value

 

DIVERSIFIED INDUSTRIALS - 0.2%

 

 

 

 

 

 

 

 

 

 

 

 

 

Illinois Tool Works, Inc.

 

3.900

%

 

09/01/42

 

$

1,000,000

 

 

$

1,163,785

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

ELECTRIC UTILITIES - 5.1%

 

 

 

 

 

 

 

 

 

 

 

 

 

Avangrid, Inc.

 

3.150

%

 

12/01/24

 

 

1,800,000

 

 

 

1,918,628

 

Caledonia Generating, LLC (b)

 

1.950

%

 

02/28/34

 

 

1,958,264

 

 

 

1,939,797

 

Consolidated Edison Co.

 

3.350

%

 

04/01/30

 

 

1,000,000

 

 

 

1,094,240

 

DTE Electric Co.

 

4.050

%

 

05/15/48

 

 

1,750,000

 

 

 

2,080,897

 

Duke Energy, LLC

 

3.450

%

 

03/15/29

 

 

1,750,000

 

 

 

1,934,684

 

Electricite de France S.A. (b)

 

3.625

%

 

10/13/25

 

 

1,250,000

 

 

 

1,358,828

 

Enel Finance International N.V. (b)

 

2.650

%

 

09/10/24

 

 

1,250,000

 

 

 

1,309,765

 

Florida Power & Light Co. (a)

 

3.700

%

 

12/01/47

 

 

1,300,000

 

 

 

1,500,643

 

Georgia Power Co.

 

3.250

%

 

04/01/26

 

 

1,000,000

 

 

 

1,071,882

 

Interstate Power & Light Co.

 

3.600

%

 

04/01/29

 

 

1,250,000

 

 

 

1,378,468

 

Liberty Utilities Financial Services (b)

 

2.050

%

 

09/15/30

 

 

355,000

 

 

 

343,476

 

MidAmerican Energy Co.

 

3.950

%

 

08/01/47

 

 

1,750,000

 

 

 

2,045,307

 

Midland Cogeneration Venture, L.P. (b)

 

6.000

%

 

03/15/25

 

 

264,477

 

 

 

275,075

 

Narragansett Electric Co. (b)

 

3.395

%

 

04/09/30

 

 

1,500,000

 

 

 

1,622,996

 

National Rural Utilities

 

1.350

%

 

03/15/31

 

 

1,000,000

 

 

 

928,310

 

NextEra Energy Capital Holdings, Inc.

 

0.650

%

 

03/01/23

 

 

400,000

 

 

 

401,352

 

Niagara Mohawk Power Corp. (b)

 

1.960

%

 

06/27/30

 

 

1,500,000

 

 

 

1,456,747

 

Northern States Power Co.

 

2.900

%

 

03/01/50

 

 

1,250,000

 

 

 

1,255,601

 

NSTAR Electric Co.

 

3.950

%

 

04/01/30

 

 

600,000

 

 

 

685,156

 

NSTAR Electric Co.

 

5.500

%

 

03/15/40

 

 

1,250,000

 

 

 

1,711,017

 

Pacificorp

 

8.080