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	%	10/14/22		500,000		534,995
Potomac Electric Power Co.	6.500	%	11/15/37		1,000,000		1,454,004
Public Service Co.	3.700	%	06/15/28		1,750,000		1,947,924
Puget Energy, Inc.	5.625	%	07/15/22		750,000		769,960
Puget Energy, Inc.	4.223	%	06/15/48		1,000,000		1,201,230
Rochester Gas & Electric Corp. (b)	1.850	%	12/01/30		500,000		482,072
San Diego Gas and Electric Co.	4.500	%	08/15/40		841,000		1,029,379
Solar Star Funding, LLC (b)	3.950	%	06/30/35		276,037		291,556
Solar Star Funding, LLC (b)	5.375	%	06/30/35		427,439		492,239
Southern California Edison	4.050	%	03/15/42		1,165,000		1,250,098
Tenaska Virginia Partners, L.P. (b)	6.119	%	03/30/24		372,123		397,234
Topaz Solar Farms, LLC (b)	4.875	%	09/30/39		240,617		259,394
Topaz Solar Farms, LLC (a)(b)	5.750	%	09/30/39		577,569		691,944

Schedule of Portfolio Investments (Continued)

Praxis Impact Bond Fund

CORPORATE BONDS - 36.5% (Continued)	Coupon		Maturity	Principal Amount		Fair Value
ELECTRIC UTILITIES - 5.1% (Continued)
Union Electric Co. (a)	2.625	%	03/15/51	$	2,000,000	$	1,895,228
Westar Energy, Inc.	2.550	%	07/01/26		1,292,000		1,357,989
							40,368,115
ELECTRICAL EQUIPMENT - 0.3%
Johnson Controls International plc (a)	1.750	%	09/15/30		1,000,000		970,625
Legrand S.A.	8.500	%	02/15/25		1,000,000		1,242,214
Roper Technologies, Inc.	2.000	%	06/30/30		440,000		430,799
							2,643,638
FOOD - 1.5%
Campbell Soup Co.	3.950	%	03/15/25		1,500,000		1,635,208
Cargill, Inc. (b)	4.760	%	11/23/45		1,500,000		1,976,036
General Mills, Inc.	4.000	%	04/17/25		1,500,000		1,647,576
Hormel Foods Corp.	1.800	%	06/11/30		2,250,000		2,213,005
Ingredion, Inc. (a)	2.900	%	06/01/30		1,000,000		1,045,132
Kellogg Co.	2.650	%	12/01/23		1,250,000		1,306,656
Mars, Inc. (b)	3.600	%	04/01/34		1,500,000		1,692,194
							11,515,807
FORESTRY, PAPER & WOOD PRODUCTS - 0.2%
Fibria Overseas Finance Ltd.	5.500	%	01/17/27		800,000		912,008
Klabin Finance S.A. (b)	4.875	%	09/19/27		750,000		824,070
							1,736,078
GAS & WATER UTILITIES - 0.4%
American Water Capital Corp.	2.800	%	05/01/30		1,500,000		1,573,355
Brooklyn Union Gas Co. (b)	4.504	%	03/10/46		1,250,000		1,444,032
Indiana Gas Co., Inc.	6.550	%	06/30/28		250,000		304,272
							3,321,659
HEALTH CARE FACILITIES & SERVICES - 0.2%
Kaiser Foundation Hospital (a)	3.150	%	05/01/27		1,500,000		1,629,290
HOME & OFFICE PRODUCTS - 0.2%
Steelcase, Inc.	5.125	%	01/18/29		1,000,000		1,150,430
HOME CONSTRUCTION - 0.2%
NVR, Inc.	3.950	%	09/15/22		500,000		512,144
NVR, Inc.	3.000	%	05/15/30		1,000,000		1,046,488
							1,558,632

Schedule of Portfolio Investments (Continued)

Praxis Impact Bond Fund

CORPORATE BONDS - 36.5% (Continued)	Coupon		Maturity	Principal Amount		Fair Value
INSTITUTIONAL FINANCIAL SERVICES - 1.7%
Bank of New York Mellon Corp. (The)	3.400	%	05/15/24	$	650,000	$	695,674
Bank of New York Mellon Corp. (The), Perpetual Bond	3.554	%	12/29/49		1,000,000		1,005,080
Brookfield Finance, Inc. (a)	4.250	%	06/02/26		1,570,000		1,755,720
Goldman Sachs Group, Inc.	3.272	%	09/29/25		1,500,000		1,601,747
Goldman Sachs Group, Inc.	4.223	%	05/01/29		1,000,000		1,130,121
Goldman Sachs Group, Inc.	3.800	%	03/15/30		1,500,000		1,669,811
Morgan Stanley (a)	3.125	%	07/27/26		2,000,000		2,152,564
Morgan Stanley, Series GMTN	2.699	%	01/22/31		1,250,000		1,288,866
National Securities Clearing Corp. (b)	1.500	%	04/23/25		1,000,000		1,015,394
State Street Corp.	7.350	%	06/15/26		1,000,000		1,263,209
							13,578,186
INSURANCE - 3.9%
Aflac, Inc.	4.000	%	10/15/46		1,058,000		1,226,623
Athene Global Funding (b)	2.800	%	05/26/23		1,500,000		1,556,295
First American Financial Corp. (a)	2.400	%	08/15/31		1,500,000		1,461,606
Five Corners Funding Trust (b)	4.419	%	11/15/23		1,000,000		1,079,835
Horace Mann Educators Corp.	4.500	%	12/01/25		1,235,000		1,351,833
Kemper Corp.	4.350	%	02/15/25		1,250,000		1,357,354
Marsh & McLennan Cos., Inc. (a)	3.750	%	03/14/26		1,000,000		1,099,899
Massachusetts Mutual Life Insurance Co. (b)	3.375	%	04/15/50		1,500,000		1,570,902
Met Life Global Funding I (b)	1.950	%	01/13/23		500,000		510,175
Met Life Global Funding I (a)(b)	3.600	%	01/11/24		1,750,000		1,867,465
New York Life Global Funding (a)(b)	2.900	%	01/17/24		3,000,000		3,161,684
OneBeacon US Holdings, Inc.	4.600	%	11/09/22		1,000,000		1,039,580
Pacific Life Global Funding II (b)	1.200	%	06/24/25		415,000		415,970
Principal Financial Group, Inc.	3.700	%	05/15/29		1,250,000		1,398,599
Prudential Financial, Inc. (a)	1.500	%	03/10/26		644,000		653,597
Prudential Financial, Inc.	5.875	%	09/15/42		750,000		780,098
Prudential plc (a)	3.125	%	04/14/30		750,000		808,090
Reliance STD Life Insurance Co. (b)	2.750	%	05/07/25		1,280,000		1,341,858
RLI Corp.	4.875	%	09/15/23		1,000,000		1,069,314

Schedule of Portfolio Investments (Continued)

Praxis Impact Bond Fund

CORPORATE BONDS - 36.5% (Continued)	Coupon			Maturity		Principal Amount		Fair Value
INSURANCE - 3.9% (Continued)
Sammons Financial Group, Inc. (b)		4.450	%		05/12/27	$	1,200,000	$	1,340,142
Security Benefit Global, Series MTN (a)(b)		1.250	%		05/17/24		1,500,000		1,510,048
StanCorp Financial Group, Inc.		5.000	%		08/15/22		1,250,000		1,294,784
Teachers Insurance & Annuity Association (3MO LIBOR + 266.10) (b)(c)		4.375	%		09/15/54		2,678,000		2,812,283
									30,708,034
INTERNET MEDIA & SERVICES - 0.1%
Alphabet, Inc.		0.450	%		08/15/25		890,000		879,051
LEISURE FACILITIES & SERVICES - 0.5%
Hyatt Hotels Corp.		3.375	%		07/15/23		1,000,000		1,037,822
Marriott International, Inc. (a)		3.600	%		04/15/24		727,000		774,599
McDonald's Corp., Series MTN		3.500	%		07/01/27		1,000,000		1,104,794
Starbucks Corp.		2.450	%		06/15/26		1,000,000		1,050,770
									3,967,985
MACHINERY - 0.5%
Ingersoll-Rand Global Holding Co. Ltd.		6.391	%		11/15/27		655,000		811,822
John Deere Capital Corp.		1.750	%		03/09/27		250,000		255,762
John Deere Capital Corp.		3.050	%		01/06/28		1,250,000		1,356,967
Xylem, Inc.		1.950	%		01/30/28		1,775,000		1,785,812
									4,210,363
MEDICAL EQUIPMENT & DEVICES - 0.3%
Agilent Technologies, Inc.		3.875	%		07/15/23		1,250,000		1,318,324
Alcon Finance Corp. (b)		2.600	%		05/27/30		1,250,000		1,276,358
									2,594,682
PERSONAL PRODUCTS - 0.1%
Estée Lauder Cos., Inc. (The)		2.600	%		04/15/30		1,000,000		1,048,741
PIPELINES - 0.2%
Northern Natural Gas Co. (b)		4.100	%		09/15/42		1,000,000		1,135,639
REITS - 2.5%
Agree Ltd. Partnership		2.900	%		10/01/30		650,000		671,485
Boston Properties, L.P.		4.500	%		12/01/28		1,250,000		1,439,452
Camden Property Trust		2.800	%		05/15/30		500,000		527,707
Duke Realty Trust, L.P.		2.875	%		11/15/29		1,500,000		1,580,360

Schedule of Portfolio Investments (Continued)
Praxis Impact Bond Fund
CORPORATE BONDS - 36.5% (Continued)	Coupon			Maturity		Principal Amount		Fair Value
REITS - 2.5% (Continued)
ERP Operating, L.P.		4.150	%		12/01/28	$	1,250,000	$	1,425,154
ESSEX Portfolio, L.P.		2.650	%		03/15/32		1,500,000		1,515,806
Federal Realty Investment Trust		1.250	%		02/15/26		515,000		510,581
Kilroy Realty Corp.		2.500	%		11/15/32		1,750,000		1,723,037
Kimco Realty Corp.		2.700	%		10/01/30		1,750,000		1,799,103
Lexington Realty Trust		2.700	%		09/15/30		1,500,000		1,517,956
Mid-America Apartment Communities, Inc. (a)		3.950	%		03/15/29		1,750,000		1,969,710
Regency Centers, L.P.		3.750	%		06/15/24		1,000,000		1,065,775
Rexford Industrial Realty, L.P.		2.150	%		09/01/31		1,750,000		1,686,488
Sun Communities Operating Ltd. (a)		2.700	%		07/15/31		500,000		505,241
UDR, Inc.		1.900	%		03/15/33		1,000,000		928,711
Vornado Realty, L.P.		3.500	%		01/15/25		567,000		602,705
									19,469,271
RETAIL - CONSUMER STAPLES - 0.4%
Kroger Co. (The)		5.000	%		04/15/42		1,000,000		1,268,653
Target Corp.		2.250	%		04/15/25		1,000,000		1,043,134
Walmart, Inc. (a)		1.800	%		09/22/31		500,000		495,705
									2,807,492
RETAIL - DISCRETIONARY - 0.4%
ERAC USA Finance, LLC (b)		2.700	%		11/01/23		1,250,000		1,298,908
Lowe's Cos., Inc.		4.650	%		04/15/42		1,000,000		1,222,326
Lowe's Cos., Inc. (a)		3.000	%		10/15/50		500,000		487,564
									3,008,798
SEMICONDUCTORS - 0.6%
Intel Corp. (a)		3.400	%		03/25/25		300,000		324,205
Intel Corp.		3.734	%		12/08/47		1,361,000		1,518,303
Maxim Integrated Products, Inc.		3.375	%		03/15/23		500,000		517,128
NVIDIA Corp. (a)		2.850	%		04/01/30		500,000		535,799
Skyworks Solutions, Inc.		0.900	%		06/01/23		500,000		500,977
Texas Instruments, Inc.		1.375	%		03/12/25		1,000,000		1,017,636
									4,414,048
SOFTWARE - 0.5%
Microsoft Corp. (a)		2.525	%		06/01/50		4,000,000		3,849,027
SPECIALTY FINANCE - 1.2%
American Express Credit Corp.		3.000	%		10/30/24		1,000,000		1,067,402

Schedule of Portfolio Investments (Continued)
Praxis Impact Bond Fund
CORPORATE BONDS - 36.5% (Continued)	Coupon			Maturity		Principal Amount		Fair Value
SPECIALTY FINANCE - 1.2% (Continued)
BlueHub Loan Fund, Inc.		3.099	%		01/01/30	$	1,030,000	$	1,066,425
Community Preservation Corp. (The)		2.867	%		02/01/30		1,750,000		1,802,745
Fidelity National Financial, Inc.		5.500	%		09/01/22		725,000		758,621
Fidelity National Financial, Inc. (a)		3.400	%		06/15/30		500,000		536,956
GATX Corp.		4.350	%		02/15/24		300,000		323,511
Low Income Investment Fund		3.386	%		07/01/26		115,000		121,188
USAA Capital Corp. (b)		1.500	%		05/01/23		1,000,000		1,017,560
USAA Capital Corp. (b)		2.125	%		05/01/30		3,000,000		3,021,896
									9,716,304
STEEL - 0.3%
Nucor Corp.		4.125	%		09/15/22		1,025,000		1,051,780
Nucor Corp.		2.000	%		06/01/25		460,000		473,534
Reliance Steel & Aluminum Co.		4.500	%		04/15/23		1,105,000		1,160,226
									2,685,540
TECHNOLOGY HARDWARE - 0.6%
Apple, Inc.		2.850	%		02/23/23		1,250,000		1,289,183
Apple, Inc.		3.000	%		06/20/27		1,000,000		1,094,744
Apple, Inc.		2.650	%		05/11/50		1,000,000		961,407
Apple, Inc. (a)		2.650	%		02/08/51		1,000,000		956,612
Xerox Corp.		4.070	%		03/17/22		750,000		758,438
									5,060,384
TECHNOLOGY SERVICES - 1.0%
Experian Financial plc (a)(b)		2.750	%		03/08/30		635,000		658,254
Genpact Luxembourg S.A.R.L.		3.700	%		04/01/22		1,100,000		1,114,508
IBM Corp.		3.300	%		05/15/26		1,000,000		1,089,940
Mastercard, Inc.		3.300	%		03/26/27		197,000		216,568
Moody's Corp.		3.250	%		05/20/50		500,000		512,064
RELX Capital, Inc.		3.500	%		03/16/23		1,500,000		1,562,936
S&P Global, Inc.		4.000	%		06/15/25		1,163,000		1,279,126
Visa, Inc. (a)		0.750	%		08/15/27		1,770,000		1,723,082
									8,156,478
TELECOMMUNICATIONS - 0.8%
AT&T, Inc.		5.250	%		03/01/37		500,000		620,303
AT&T, Inc. (a)		4.750	%		05/15/46		1,500,000		1,794,220
Verizon Communications, Inc.		3.875	%		02/08/29		1,000,000		1,121,580
Verizon Communications, Inc.		1.500	%		09/18/30		1,000,000		946,364

Schedule of Portfolio Investments (Continued)
Praxis Impact Bond Fund
CORPORATE BONDS - 36.5% (Continued)	Coupon			Maturity		Principal Amount		Fair Value
TELECOMMUNICATIONS - 0.8% (Continued)
Verizon Communications, Inc.		2.987	%		10/30/56	$	1,799,000	$	1,661,134
									6,143,601
TRANSPORTATION & LOGISTICS - 1.3%
British Airways, Series 2013-1 (b)		4.625	%		12/20/25		420,704		443,944
Burlington Northern Santa Fe, LLC		5.750	%		05/01/40		1,000,000		1,401,658
Canadian Pacific Railway Co.		2.050	%		03/05/30		1,750,000		1,728,244
Mexico City Airport Trust (b)		4.250	%		10/31/26		497,000		530,299
Norfolk Southern Corp.		4.837	%		10/01/41		1,000,000		1,272,893
Norfolk Southern Corp. (a)		3.050	%		05/15/50		1,500,000		1,495,152
Penske Truck Leasing Co. (b)		3.450	%		07/01/24		1,250,000		1,331,672
TTX Co. (b)		4.600	%		02/01/49		280,000		361,169
United Parcel Services, Inc. (a)		3.900	%		04/01/25		1,500,000		1,642,518
									10,207,549
WHOLESALE - CONSUMER STAPLES - 0.3%
Bunge Ltd. Finance Corp.		1.630	%		08/17/25		395,000		399,111
Sysco Corp. (a)		2.400	%		02/15/30		1,750,000		1,776,260
									2,175,371
TOTAL CORPORATE BONDS (COST $270,903,435)								$	287,621,092

CORPORATE NOTES - 1.0%	Coupon			Maturity		Principal Amount		Fair Value
COMMUNITY DEVELOPMENT - 1.0%
Calvert Social Investment Foundation, Inc. (d)		2.000	%		06/15/22	$	980,000	$	980,000
Calvert Social Investment Foundation, Inc. (d)		3.000	%		06/15/23		1,650,000		1,650,000
Calvert Social Investment Foundation, Inc. (d)		3.000	%		12/15/23		950,000		950,000
Calvert Social Investment Foundation, Inc. (d)		1.000	%		06/14/24		550,000		550,000
Calvert Social Investment Foundation, Inc. (d)		3.000	%		06/17/24		980,000		980,000
Calvert Social Investment Foundation, Inc. (d)		3.000	%		12/15/24		400,000		400,000
Calvert Social Investment Foundation, Inc. (d)		2.500	%		06/13/25		1,400,000		1,397,200
Calvert Social Investment Foundation, Inc. (d)		2.500	%		12/15/25		650,000		650,000
TOTAL CORPORATE NOTES (COST $7,560,000)								$	7,557,200

Schedule of Portfolio Investments (Continued)
Praxis Impact Bond Fund
FOREIGN GOVERNMENTS - 9.0%	Coupon			Maturity		Principal Amount		Fair Value
FOREIGN AGENCY - 1.6%
BNG Bank N.V. (b)		3.125	%		11/08/21	$	1,500,000	$	1,504,255
BNG Bank N.V. (a)(b)		1.500	%		10/16/24		1,500,000		1,538,681
BNG Bank N.V. (a)(b)		0.500	%		11/24/25		2,000,000		1,968,100
KFW		2.000	%		11/30/21		1,000,000		1,002,990
KFW		2.000	%		09/29/22		1,500,000		1,527,343
Kommunalbanken A.S. (b)		2.125	%		02/11/25		1,000,000		1,046,490
Kommunivest I Sverige AB, Series MTN (b)		0.375	%		06/19/24		500,000		497,744
Nederlandse Waterschapsbank N.V. (b)		2.125	%		11/15/21		1,500,000		1,503,420
Nederlandse Waterschapsbank N.V. (b)		3.125	%		12/05/22		1,500,000		1,550,592
									12,139,615
SUPRANATIONAL - 7.4%
African Development Bank		3.000	%		12/06/21		1,463,000		1,470,271
African Development Bank		0.750	%		04/03/23		3,000,000		3,022,175
Asian Development Bank		1.875	%		08/10/22		3,036,000		3,081,115
Asian Development Bank		2.125	%		03/19/25		1,000,000		1,049,080
Asian Development Bank		3.125	%		09/26/28		1,000,000		1,121,188
Central American Bank for Economic Development (b)		1.140	%		02/09/26		1,200,000		1,191,480
European Bank for Reconstruction & Development		1.625	%		09/27/24		1,250,000		1,288,137
European Bank for Reconstruction & Development		1.500	%		02/13/25		200,000		205,454
European Investment Bank		2.500	%		10/15/24		1,000,000		1,057,580
European Investment Bank (b)		2.875	%		06/13/25		1,000,000		1,077,527
European Investment Bank		2.125	%		04/13/26		1,000,000		1,052,610
European Investment Bank		2.375	%		05/24/27		4,000,000		4,269,189
Inter-American Development Bank		3.000	%		09/26/22		2,000,000		2,055,611
Inter-American Development Bank		0.875	%		04/03/25		3,000,000		3,016,015
Inter-American Development Bank		4.375	%		01/24/44		3,000,000		4,099,620
International Bank for Reconstruction & Development		0.250	%		11/24/23		7,000,000		6,984,377
International Bank for Reconstruction & Development		2.125	%		03/03/25		500,000		524,309
International Bank for Reconstruction & Development		0.625	%		04/22/25		1,000,000		996,638

Schedule of Portfolio Investments (Continued)
Praxis Impact Bond Fund
FOREIGN GOVERNMENTS - 9.0% (Continued)	Coupon			Maturity		Principal Amount		Fair Value
SUPRANATIONAL - 7.4% (Continued)
International Bank for Reconstruction & Development		3.125	%		11/20/25	$	1,000,000	$	1,094,732
International Bank for Reconstruction & Development		0.875	%		07/15/26		3,000,000		2,979,586
International Development Association (b)		2.750	%		04/24/23		5,000,000		5,190,886
International Development Association (b)		0.375	%		09/23/25		2,000,000		1,964,395
International Development Association (a)(b)		0.875	%		04/28/26		2,000,000		1,986,415
International Finance Corp., Series GMTN		2.000	%		10/24/22		2,000,000		2,038,289
International Finance Corp., Series GMTN		0.500	%		03/20/23		2,500,000		2,509,875
International Finance Corp.		2.125	%		04/07/26		3,000,000		3,155,209
									58,481,763
TOTAL FOREIGN GOVERNMENTS (COST $68,811,593)								$	70,621,378

COMMERCIAL MORTGAGE-BACKED SECURITIES - 0.2%	Coupon			Maturity		Principal Amount		Fair Value
Commercial Mortgage Pass-Through Certificates, Class A-3		3.391	%		05/17/45	$	716,501	$	722,214
Commercial Mortgage Pass-Through Certificates, Class A-3		2.853	%		10/17/45		993,930		1,013,003
TOTAL COMMERCIAL MORTGAGE-BACKED SECURITIES  (COST $1,742,278)								$	1,735,217

ASSET BACKED SECURITIES - 2.6%	Coupon			Maturity		Principal Amount		Fair Value
Ahold Finance U.S.A., LLC		8.620	%		01/02/25	$	298,749	$	329,762
Cards II Trust (b)		0.602	%		04/15/27		2,250,000		2,249,871
Iowa Student Loan Liquidity Corp. Rev.		1.754	%		08/25/70		1,452,818		1,455,045
Mastercard Credit Card Trust (b)		1.990	%		09/21/24		4,000,000		4,098,776
SBA Tower Trust (b)		3.448	%		03/15/48		1,250,000		1,265,780
SBA Tower Trust (b)		2.836	%		01/15/50		282,000		292,008
SolarCity LMC, Series I, LLC (b)		4.800	%		12/20/26		379,236		395,834

Schedule of Portfolio Investments (Continued)
Praxis Impact Bond Fund
ASSET BACKED SECURITIES - 2.6% (Continued)	Coupon			Maturity		Principal Amount		Fair Value
SolarCity LMC, Series IV, LLC (b)		4.180	%		08/21/45	$	184,814	$	187,164
Tesla Auto Lease		0.600	%		09/22/25		1,200,000		1,197,641
Textainer Marine Containers VII (b)		1.680	%		02/20/46		1,430,000		1,411,673
TIF Funding II, LLC (b)		1.650	%		02/20/46		474,167		463,853
Toyota Auto Receivables Owner Trust		0.260	%		11/17/25		3,000,000		2,995,167
Triton Container Finance, LLC (b)		1.860	%		03/20/46		1,675,625		1,660,353
Triumph Rail, LLC (b)		2.150	%		06/19/51		2,042,062		2,062,298
Wendy's Funding, LLC (b)		3.783	%		06/15/49		699,375		729,602
TOTAL ASSET BACKED SECURITIES (COST $20,767,416)								$	20,794,827

U.S. GOVERNMENT AGENCIES - 46.1%	Coupon			Maturity		Principal Amount		Fair Value
DEVELOPMENT FINANCE CORPORATION - 1.1%
DFC		0.000	%		06/21/23	$	1,000,000	$	1,086,660
DFC (c)		0.130	%		09/15/26		833,333		833,333
DFC		1.650	%		04/15/28		3,500,000		3,565,986
DFC		3.280	%		09/15/29		893,629		976,629
DFC		3.540	%		06/15/30		514,717		569,168
DFC		3.520	%		09/20/32		785,714		879,703
DFC		3.820	%		06/01/33		834,149		961,423
									8,872,902
FEDERAL HOME LOAN BANK - 5.0%
FHLB		3.250	%		11/16/28		12,500,000		14,097,148
FHLB		5.500	%		07/15/36		17,120,000		24,972,863
									39,070,011
FEDERAL HOME LOAN MORTGAGE CORPORATION - 10.1%
FHLMC		5.000	%		12/01/21		1,421		1,480
FHLMC		4.000	%		11/01/24		81,713		86,571
FHLMC		0.375	%		09/23/25		6,000,000		5,902,363
FHLMC		4.000	%		10/01/25		45,165		47,879
FHLMC		2.875	%		04/25/26		3,000,000		3,220,310
FHLMC		6.000	%		04/01/27		59,057		66,244
FHLMC		2.500	%		10/01/27		323,034		338,160
FHLMC		2.738	%		04/25/29		2,361,312		2,524,168
FHLMC		2.412	%		08/25/29		3,670,000		3,886,312
FHLMC		7.000	%		02/01/30		15,786		15,845

Schedule of Portfolio Investments (Continued)
Praxis Impact Bond Fund
U.S. GOVERNMENT AGENCIES - 46.1% (Continued)	Coupon			Maturity		Principal Amount		Fair Value
FEDERAL HOME LOAN MORTGAGE CORPORATION - 10.1% (Continued)
FHLMC		7.500	%		07/01/30	$	75,271	$	85,441
FHLMC		1.487	%		11/25/30		2,500,000		2,469,865
FHLMC		1.878	%		01/25/31		1,500,000		1,533,583
FHLMC		2.000	%		01/25/31		3,000,000		3,084,660
FHLMC		7.000	%		03/01/31		31,053		35,700
FHLMC		6.250	%		07/15/32		1,550,000		2,246,383
FHLMC		3.000	%		11/01/32		464,507		495,996
FHLMC		3.000	%		11/01/32		605,622		646,046
FHLMC		5.500	%		11/01/33		33,293		38,485
FHLMC (H15T1Y + 223.10) (c)		2.731	%		05/01/34		32,941		34,564
FHLMC (H15T1Y + 223.10) (c)		2.731	%		05/01/34		13,765		13,811
FHLMC		1.783	%		06/25/34		2,084,061		2,070,164
FHLMC		5.000	%		07/01/35		63,887		72,937
FHLMC		4.500	%		10/01/35		95,102		105,886
FHLMC		2.438	%		02/25/36		4,000,000		4,139,773
FHLMC		5.500	%		03/01/36		27,224		31,652
FHLMC		5.500	%		06/01/36		37,973		44,136
FHLMC		6.000	%		06/01/36		30,975		35,441
FHLMC		5.500	%		12/01/36		30,922		35,991
FHLMC		6.000	%		08/01/37		18,210		21,525
FHLMC		5.000	%		03/01/38		159,215		181,862
FHLMC		4.500	%		06/01/39		168,513		188,311
FHLMC		5.000	%		06/01/39		234,545		267,328
FHLMC		4.500	%		07/01/39		157,846		177,027
FHLMC		4.500	%		11/01/39		143,465		160,335
FHLMC		4.500	%		09/01/40		222,277		248,403
FHLMC		4.500	%		05/01/41		427,473		477,753
FHLMC		4.500	%		07/01/41		487,787		544,728
FHLMC		5.000	%		09/01/41		209,887		238,466
FHLMC		3.500	%		10/01/41		259,026		281,243
FHLMC		4.000	%		10/01/41		257,717		284,191
FHLMC		3.500	%		02/01/42		394,607		427,342
FHLMC		4.000	%		02/01/42		116,760		128,758
FHLMC		3.500	%		06/01/42		458,054		496,178

Schedule of Portfolio Investments (Continued)
Praxis Impact Bond Fund
U.S. GOVERNMENT AGENCIES - 46.1% (Continued)	Coupon			Maturity		Principal Amount		Fair Value
FEDERAL HOME LOAN MORTGAGE CORPORATION - 10.1% (Continued)
FHLMC		3.500	%		06/01/42	$	489,405	$	530,308
FHLMC		3.500	%		08/01/42		555,324		603,253
FHLMC		3.000	%		11/01/42		1,036,290		1,106,756
FHLMC		3.000	%		01/01/43		568,060		606,630
FHLMC		3.000	%		05/01/43		816,498		871,736
FHLMC		3.500	%		10/01/44		490,924		528,826
FHLMC		3.500	%		11/01/44		437,460		471,158
FHLMC		3.500	%		04/01/45		555,312		597,293
FHLMC		3.000	%		05/01/46		963,870		1,019,043
FHLMC		3.000	%		12/01/46		2,190,133		2,336,797
FHLMC		3.500	%		03/01/48		2,515,979		2,746,531
FHLMC		3.500	%		03/01/49		793,601		838,909
FHLMC		3.500	%		07/01/49		1,332,078		1,407,810
FHLMC		3.000	%		09/01/49		1,397,200		1,461,267
FHLMC		3.000	%		07/01/50		3,443,495		3,600,849
FHLMC		2.000	%		08/01/50		3,918,052		3,931,539
FHLMC		2.000	%		01/01/51		9,335,809		9,367,944
FHLMC		2.500	%		04/01/51		9,516,825		9,824,910
									79,284,855
FEDERAL NATIONAL MORTGAGE ASSOCIATION - 29.5%
FNMA		5.500	%		06/01/22		1,145		1,153
FNMA		2.890	%		07/01/22		2,224,689		2,252,044
FNMA		2.000	%		10/05/22		3,500,000		3,567,539
FNMA		2.190	%		01/01/23		1,851,078		1,878,117
FNMA		2.670	%		12/01/23		2,287,065		2,368,941
FNMA (c)		2.639	%		07/25/24		2,820,350		2,942,411
FNMA		2.625	%		09/06/24		5,750,000		6,109,434
FNMA		2.890	%		12/01/24		4,000,000		4,121,007
FNMA		3.080	%		12/01/24		2,188,088		2,333,638
FNMA		2.710	%		01/01/25		4,500,000		4,639,320
FNMA		5.000	%		04/01/25		33,090		36,454
FNMA		0.500	%		06/17/25		10,000,000		9,939,467
FNMA		5.000	%		07/01/25		26,144		28,697
FNMA		3.500	%		10/01/25		45,460		48,506

Schedule of Portfolio Investments (Continued)
Praxis Impact Bond Fund
U.S. GOVERNMENT AGENCIES - 46.1% (Continued)	Coupon			Maturity		Principal Amount		Fair Value
FEDERAL NATIONAL MORTGAGE ASSOCIATION - 29.5% (Continued)
FNMA		5.000	%		10/01/25	$	36,711	$	40,302
FNMA		5.500	%		11/01/25		10		11
FNMA		0.500	%		11/07/25		12,000,000		11,844,582
FNMA		4.000	%		03/01/26		198,878		211,295
FNMA		2.910	%		04/01/26		3,000,000		3,178,400
FNMA		2.125	%		04/24/26		2,000,000		2,106,016
FNMA		2.254	%		07/25/26		449,906		463,435
FNMA		8.500	%		09/01/26		6,019		6,067
FNMA		2.500	%		09/01/27		393,427		411,790
FNMA		0.750	%		10/08/27		10,000,000		9,734,265
FNMA		2.500	%		11/01/27		598,868		626,831
FNMA		2.500	%		01/01/28		402,255		421,040
FNMA (c)		2.899	%		01/25/28		3,349,297		3,508,182
FNMA (c)		3.430	%		06/25/28		2,000,000		2,222,453
FNMA		2.522	%		08/27/29		6,000,000		6,402,136
FNMA		0.875	%		08/05/30		40,000,000		37,654,160
FNMA		6.625	%		11/15/30		12,750,000		18,203,483
FNMA (c)		1.561	%		11/25/30		3,000,000		2,967,582
FNMA (c)		1.429	%		12/25/30		5,000,000		4,897,325
FNMA		1.250	%		01/25/31		3,000,000		2,891,742
FNMA		1.376	%		03/25/31		1,000,000		976,706
FNMA		2.000	%		01/01/32		1,570,300		1,623,389
FNMA		3.000	%		12/01/32		675,661		715,835
FNMA		6.000	%		10/01/33		26,085		30,647
FNMA		5.500	%		02/01/34		27,361		31,563
FNMA (H15T1Y + 211.70) (c)		2.242	%		05/01/34		27,886		28,049
FNMA		6.000	%		11/01/34		70,715		82,990
FNMA		5.500	%		01/01/35		36,802		42,598
FNMA		2.500	%		02/01/35		1,680,021		1,752,741
FNMA		5.000	%		10/01/35		56,990		64,975
FNMA		5.500	%		10/01/35		76,138		88,495
FNMA		6.000	%		10/01/35		40,247		47,166
FNMA		5.500	%		06/01/36		23,753		27,583
FNMA		6.000	%		06/01/36		17,512		20,667
FNMA		5.500	%		11/01/36		25,048		28,789

Schedule of Portfolio Investments (Continued)
Praxis Impact Bond Fund
U.S. GOVERNMENT AGENCIES - 46.1% (Continued)	Coupon			Maturity		Principal Amount		Fair Value
FEDERAL NATIONAL MORTGAGE ASSOCIATION - 29.5% (Continued)
FNMA (12MO LIBOR + 156.50) (c)		1.940	%		05/01/37	$	25,725	$	25,657
FNMA		5.625	%		07/15/37		2,750,000		4,102,410
FNMA		4.500	%		09/01/40		135,270		151,100
FNMA		4.500	%		10/01/40		135,183		150,090
FNMA		4.000	%		12/01/40		356,750		393,343
FNMA		4.000	%		01/01/41		244,092		269,123
FNMA		3.500	%		02/01/41		350,698		380,530
FNMA		4.000	%		10/01/41		200,380		220,901
FNMA		4.000	%		11/01/41		211,414		233,055
FNMA		4.000	%		12/01/41		260,708		286,959
FNMA		4.000	%		12/01/41		462,740		509,224
FNMA		4.000	%		01/01/42		762,871		851,937
FNMA		3.500	%		05/01/42		406,090		439,762
FNMA		3.000	%		06/01/42		736,054		785,835
FNMA		3.000	%		08/01/42		556,695		591,372
FNMA		3.000	%		08/01/42		579,834		615,901
FNMA		3.500	%		12/01/42		810,294		884,650
FNMA		3.000	%		06/01/43		673,982		719,228
FNMA		4.000	%		12/01/44		978,607		1,088,652
FNMA		3.500	%		05/01/45		1,111,258		1,211,910
FNMA		3.000	%		04/01/46		871,437		919,632
FNMA		3.500	%		11/01/46		1,474,582		1,585,994
FNMA		4.000	%		10/01/48		851,088		911,849
FNMA		4.000	%		11/01/48		1,803,993		2,008,492
FNMA		3.500	%		05/01/49		698,562		738,795
FNMA		4.000	%		06/01/49		1,110,462		1,188,623
FNMA		3.500	%		08/01/49		2,760,062		2,919,051
FNMA		3.000	%		09/01/49		1,365,460		1,428,729
FNMA		3.000	%		06/01/50		2,762,962		2,893,799
FNMA		2.500	%		07/01/50		3,977,176		4,104,280
FNMA		2.500	%		08/01/50		2,789,742		2,878,898
FNMA		3.000	%		08/01/50		4,875,725		5,119,819
FNMA		2.000	%		11/01/50		6,326,975		6,348,753
FNMA		2.000	%		01/01/51		11,226,731		11,265,375
FNMA		2.000	%		02/01/51		6,610,601		6,633,356

Schedule of Portfolio Investments (Continued)
Praxis Impact Bond Fund
U.S. GOVERNMENT AGENCIES - 46.1% (Continued)	Coupon			Maturity		Principal Amount		Fair Value
FEDERAL NATIONAL MORTGAGE ASSOCIATION - 29.5% (Continued)
FNMA		2.500	%		04/01/51	$	12,967,365	$	13,381,781
									231,858,883
GOVERNMENT NATIONAL MORTGAGE ASSOCIATION - 0.0% (e)
GNMA		7.000	%		12/20/30		10,957		12,618
GNMA		7.000	%		10/20/31		8,180		9,598
GNMA		7.000	%		03/20/32		34,091		40,190
GNMA (H15T1Y + 150) (c)		2.000	%		01/20/34		25,405		26,444
GNMA		5.500	%		10/20/38		5,337		5,850
GNMA		6.500	%		11/20/38		5,104		5,800
									100,500
SMALL BUSINESS ADMINISTRATION - 0.0% (e)
SBA (Prime - 2.65) (c)		0.600	%		02/25/32		112,739		113,860
UNITED STATES AGENCY OF INTERNATIONAL DEVELOPMENT - 0.4%
Hashemite Kingdom of Jordan AID Bond		3.000	%		06/30/25		1,450,000		1,551,591
Iraq AID Bond		2.149	%		01/18/22		1,500,000		1,508,544
									3,060,135
TOTAL U.S. GOVERNMENT AGENCIES (COST $353,337,921)								$	362,361,146

MONEY MARKET FUNDS - 2.7%	Shares		Fair Value
First American Government Obligations Fund - Class X, 0.03% (f) (COST $21,059,217)		21,059,217	$	21,059,217

COLLATERAL FOR SECURITIES LOANED - 4.4%	Shares		Fair Value
Mount Vernon Liquid Assets Portfolio, LLC, 0.09% (f)(g) (COST $34,896,490)		34,896,490	$	34,896,490

Schedule of Portfolio Investments (Continued)
Praxis Impact Bond Fund
INVESTMENT COMPANIES - 0.5%	Shares		Fair Value
Pax High Yield Bond Fund - Institutional Class (COST $4,199,236)		530,984	$	3,674,408
TOTAL INVESTMENTS - (COST $791,728,125) - 104.1%			$	819,146,151
LIABILITIES IN EXCESS OF OTHER ASSETS - (4.1%)				(32,391,913	)
NET ASSETS - 100.0%			$	786,754,238

(a)	All or a portion of the security is on loan.  The total value of the securities on loan as of September 30, 2021 was $34,174,866.
(b)	144a security may only be resold to qualified institutional investors.  These securities were deemed liquid under guidelines established by the Board of Trustees.  At September 30, 2021, these securities were valued at $90,582,485 or 11.5% of net assets.
(c)	Variable rate security. Interest rate resets periodically.  The rate shown is the effective interest rate as of September 30, 2021.  For securities based on a published reference rate and spread, the reference rate and spread (in basis points) are indicated parenthetically.  Certain variable rate securities are not based on a published reference rate and spread but are determined by the issuer or agent and are based on current market conditions.  These securities, therefore, do not indicate a reference rate and spread.
(d)	Restricted and illiquid securities not registered under the Securities Act of 1933 are as follows:

	Acquisition Date	Current Cost		Fair Value		% of Net Assets
Calvert Social Investment Foundation, Inc. 2.000%, 06/15/22	06/17/19	$	980,000	$	980,000		0.1	%
Calvert Social Investment Foundation, Inc. 3.000%, 06/15/23	06/18/18		1,650,000		1,650,000		0.2	%
Calvert Social Investment Foundation, Inc. 3.000%, 12/15/23	12/17/18		950,000		950,000		0.1	%
Calvert Social Investment Foundation, Inc. 1.000%, 06/14/24	06/15/21		550,000		550,000		0.1	%
Calvert Social Investment Foundation, Inc. 3.000%, 06/17/24	06/17/19		980,000		980,000		0.1	%
Calvert Social Investment Foundation, Inc. 3.000%, 12/15/24	12/12/19		400,000		400,000		0.1	%
Calvert Social Investment Foundation, Inc. 2.500%, 06/13/25	06/12/20		1,400,000		1,397,200		0.2	%
Calvert Social Investment Foundation, Inc. 2.500%, 12/15/25	12/15/20		650,000		650,000		0.1	%
		$	7,560,000	$	7,557,200		1.0	%

(e)	Percentage rounds to less than 0.1%.
(f)	The rate shown is the 7-day effective yield as of September 30, 2021.
(g)	The security was purchased with cash collateral held from securities on loan.

GMTN - Global Medium-Term Note

H15T1Y - U.S. Treasury yield curve rate for U.S. Treasury Note with a constant maturity of 1 year

LIBOR - London Interbank Offered Rate

plc - Public Liability Company

SOFR - Secured Overnight Financing Rate

Schedule of Portfolio Investments

Praxis International Index Fund

September 30, 2021 (Unaudited)

COMMON STOCKS - 98.1%	Shares		Fair Value
AUSTRALIA - 3.8%
Australia & New Zealand Banking Group Ltd.		40,646	$	815,934
Brambles Ltd.		40,548		311,662
Coles Group Ltd.		14,425		175,147
Commonwealth Bank of Australia		18,009		1,335,896
CSL Ltd. - ADR		7,282		762,353
CSL Ltd.		3,640		760,192
Dexus		119,299		917,812
Endeavour Group Ltd.		28,598		143,047
Fortescue Metals Group Ltd.		43,722		465,533
Goodman Group		44,189		679,656
GPT Group (The)		86,547		311,604
Macquarie Group Ltd. - ADR		2,747		354,802
Macquarie Group Ltd.		2,144		276,881
National Australia Bank Ltd.		36,653		722,533
Origin Energy Ltd.		164,204		550,674
REA Group Ltd.		2,913		327,956
Scentre Group		175,279		372,902
SEEK Ltd.		32,750		719,651
Stockland		100,899		319,834
Sydney Airport (a)		67,719		397,536
Transurban Group		77,465		780,403
Vicinity Centres		245,277		289,853
Wesfarmers Ltd.		24,534		975,393
Woolworths Group Ltd.		28,598		802,933
				13,570,187
AUSTRIA - 0.5%
Raiffeisen Bank International AG		36,856		963,835
Verbund AG		8,891		899,083
				1,862,918
BELGIUM - 0.4%
KBC Group N.V.		7,492		675,732
UCB S.A.		2,483		278,006
Umicore S.A.		6,207		367,160
				1,320,898

Schedule of Portfolio Investments (Continued)

Praxis International Index Fund

COMMON STOCKS - 98.1% (Continued)	Shares		Fair Value
BRAZIL - 1.6%
Banco Bradesco S.A. - ADR		196,740	$	753,514
Banco do Brasil S.A. - ADR		86,851		465,521
Banco Santander Brasil S.A. - ADR		119,591		782,125
BRF S.A. - ADR (a)		25,121		126,107
Cia Brasileira de Distribuicao - ADR (b)		17,197		80,998
Cia Energética de Minas Gerais - ADR		126,500		318,780
Gerdau S.A. - ADR		79,331		390,309
Natura & Co. Holding S.A. - ADR (a)(b)		18,044		300,433
Sendas Distribuidora S.A. - ADR		17,197		299,744
Suzano S.A. - ADR (a)		59,138		591,380
Telefónica Brasil S.A. - ADR		171,040		1,327,270
Ultrapar Participacoes S.A. - ADR		48,473		130,877
				5,567,058
CANADA - 6.9%
Bank of Montreal		12,001		1,196,860
Bank of Nova Scotia (The)		15,056		926,396
Cameco Corp.		12,370		268,800
Canadian Imperial Bank of Commerce		12,671		1,410,282
Canadian National Railway Co.		15,841		1,832,012
Canadian Pacific Railway Ltd.		16,665		1,084,392
CGI, Inc. (a)		8,100		686,556
Franco-Nevada Corp.		10,461		1,358,989
Gildan Activewear, Inc.		18,362		670,397
Kinross Gold Corp.		18,486		99,085
Manulife Financial Corp. (b)		75,463		1,451,908
Methanex Corp.		15,712		723,380
Nutrien Ltd.		5,829		377,894
Open Text Corp.		11,725		571,477
Restaurant Brands International, Inc.		11,589		709,131
Ritchie Bros. Auctioneers, Inc.		9,384		578,617
Royal Bank of Canada		32,068		3,190,125
Shaw Communications, Inc. - Class B		6,737		195,642
Shopify, Inc. - Class A (a)		463		627,726
Sun Life Financial, Inc.		11,714		602,685
Teck Resources Ltd. - Class B		44,613		1,111,310
Thomson Reuters Corp.		20,428		2,256,885

Schedule of Portfolio Investments (Continued)

Praxis International Index Fund

COMMON STOCKS - 98.1% (Continued)	Shares		Fair Value
CANADA - 6.9% (Continued)
Toronto-Dominion Bank (The)		26,902	$	1,779,567
Wheaton Precious Metals Corp. (b)		22,043		828,376
				24,538,492
CAYMAN ISLANDS - 6.8%
51job, Inc. - ADR (a)		2,904		201,915
Alibaba Group Holding Ltd. - ADR (a)		19,924		2,949,748
Autohome, Inc. - ADR		11,232		527,118
Baidu, Inc. - ADR (a)		5,628		865,305
Baozun, Inc. - ADR (a)		12,780		224,033
BeiGene Ltd. - ADR (a)		1,977		717,651
China Literature Ltd. (a)		47,000		356,679
ENN Energy Holdings Ltd.		14,000		230,906
GDS Holdings Ltd. - ADR (a)(b)		4,041		228,761
Genscript Biotech Corp. (a)		190,000		729,184
Hello Group, Inc. - ADR		8,314		87,962
Hengan International Group Co. Ltd.		124,500		663,902
HUYA, Inc. - ADR (a)		14,507		120,988
JD.com, Inc. - ADR (a)		15,448		1,115,964
JOYY, Inc. - ADR (b)		4,385		240,430
Kingdee International Software Group Co. Ltd. (a)		100,000		332,963
Meituan - B Shares - ADR (a)		21,377		1,373,900
NetEase, Inc. - ADR		13,641		1,164,941
NIO, Inc. - ADR (a)		16,819		599,261
Noah Holdings Ltd. - ADR (a)		6,771		251,407
Shenzhou International Group Holdings Ltd.		48,000		1,018,716
Sunny Optical Technology Group Co. Ltd.		25,000		654,616
Tencent Holdings Ltd. - ADR		87,007		5,200,408
Tingyi Cayman Islands Holding Corp.		130,000		241,708
Trip.com Group Ltd. - ADR (a)		8,755		269,216
Vipshop Holdings Ltd. - ADR (a)		15,804		176,057
Weibo Corp. - ADR (a)		6,782		322,077
WuXi Biologics Cayman, Inc. (a)		108,000		1,751,774
XPeng, Inc. - ADR (a)		13,572		482,349
Zai Lab Ltd. (a)		2,031		214,047
ZTO Express Cayman, Inc. - ADR		31,282		959,106
				24,273,092

Schedule of Portfolio Investments (Continued)

Praxis International Index Fund

COMMON STOCKS - 98.1% (Continued)	Shares		Fair Value
CHILE - 0.3%
Enel Americas S.A. - ADR		53,811	$	314,795
Sociedad Quimica y Minera de Chile S.A. - ADR		11,292		606,606
				921,401
CHINA - 2.6%
Agricultural Bank of China Ltd. - H Shares		1,300,000		446,585
ANTA Sports Products Ltd.		56,000		1,057,464
Bank of China Ltd. - H Shares		1,016,000		358,985
BYD Co. Ltd. - H Shares		14,500		450,690
China Life Insurance Co. Ltd. - H Shares		275,000		449,691
China Merchants Bank Co. Ltd. - H Shares		82,820		659,087
China Minsheng Banking Corp. Ltd. - H Shares		522,500		209,658
China Pacific Insurance Group Co. Ltd. - H Shares		127,400		378,298
China Resources Land Ltd.		134,000		563,954
China Vanke Co. Ltd. - H Shares		96,574		264,061
Haier Smart Home Co. Ltd. - H Shares		241,230		843,297
Industrial & Commercial Bank of China Ltd. - H Shares		743,000		411,858
Jiangsu Expressway Co. Ltd. - H Shares		272,000		274,840
New World Development Co. Ltd. (a)		72,768		295,963
Ping An Insurance Group Co. of China Ltd. - H Shares		130,318		891,285
Sinopharm Group Co. Ltd. - H Shares		357,200		936,056
Yum China Holdings, Inc.		16,507		959,222
				9,450,994
COLOMBIA - 0.3%
Bancolombia S.A. - ADR		34,647		1,199,479
DENMARK - 1.9%
Coloplast A/S - Series B		3,561		556,801
DSV A/S		4,551		1,089,333
Genmab A/S (a)		932		407,207
Novo Nordisk A/S - ADR		30,237		2,903,054
Orsted A/S		4,053		534,239
Pandora A/S		2,532		307,381
Vestas Wind Systems A/S		21,015		843,072
				6,641,087
FINLAND - 0.5%
Neste OYJ		9,891		557,908

Schedule of Portfolio Investments (Continued)

Praxis International Index Fund

COMMON STOCKS - 98.1% (Continued)	Shares		Fair Value
FINLAND - 0.5% (Continued)
Nokia Corp. - ADR (a)		119,187	$	649,569
UPM-Kymmene OYJ		14,351		507,882
				1,715,359
FRANCE - 6.3%
Accor S.A. (a)		7,593		270,713
Aeroports de Paris (a)		1,727		219,926
Air Liquide S.A. - ADR		2		64
Air Liquide S.A.		8,844		1,416,287
Atos SE		4,607		244,703
AXA S.A. - ADR		3,581		100,125
AXA S.A.		41,937		1,162,072
Capgemini SE - ADR		6,425		267,409
Capgemini SE		2,481		514,441
Cie de Saint-Gobain		10,059		676,860
Cie Generale des Etablissements Michelin SCA - ADR (b)		18,110		555,977
Cie Generale des Etablissements Michelin SCA		1,074		164,668
CNP Assurances		24,456		385,946
Covivio		5,514		463,325
Danone S.A. - ADR		11,880		160,974
Danone S.A.		5,973		407,178
Dassault Systemes SE - ADR		3,725		196,308
Dassault Systemes SE		15,295		804,811
Edenred		6,540		352,022
EssilorLuxottica S.A.		4,430		846,442
Faurecia SE		3,770		177,348
Gecina S.A.		2,427		326,481
Getlink SE		14,041		219,317
Groupe Bruxelles Lambert S.A.		6,989		768,668
Hermes International		830		1,145,043
Kering S.A.		1,378		978,623
Klepierre S.A. (a)		12,650		282,865
Legrand S.A.		10,029		1,074,476
L'Oreal S.A. - ADR		21,745		1,802,226
L'Oreal S.A.		1,380		570,981
Orange S.A. - ADR (b)		9,499		102,874
Publicis Groupe S.A.		8,339		560,129

Schedule of Portfolio Investments (Continued)

Praxis International Index Fund

COMMON STOCKS - 98.1% (Continued)	Shares		Fair Value
FRANCE - 6.3% (Continued)
Renault S.A. (a)		6,593	$	233,871
Sartorius Sedim Biotech		1,319		736,976
Schneider Electric SE		9,145		1,522,955
Solvay S.A.		2,892		358,703
Teleperformance		1,454		571,841
Unibail-Rodamco-Westfield (a)		3,126		230,048
Unibail-Rodamco-Westfield - CDI (a)		45,646		172,747
Valeo		9,455		263,837
Vivendi SE - ADR		5,023		179,522
Vivendi SE		17,630		221,934
Wendel SE		2,330		321,908
Worldline S.A. (a)		5,894		449,223
				22,482,847
GERMANY - 4.7%
adidas AG - ADR		2,402		379,804
adidas AG		1,323		415,712
Allianz SE - ADR		78,610		1,765,581
Allianz SE		880		197,137
BASF SE		3,984		301,992
Bayerische Moteren Werke AG - ADR (b)		2		65
Continental AG (a)		4,866		528,183
Covestro AG		7,156		487,629
Daimler AG		18,669		1,647,001
Delivery Hero SE (a)		163		20,789
Deutsche Boerse AG		3,878		629,195
Deutsche Post AG - ADR		14,832		935,751
Deutsche Post AG		10,161		637,118
Deutsche Telekom AG - ADR		30,009		604,681
Deutsche Telekom AG		25,629		513,908
Fraport AG Frankfurt Airport Services Worldwide (a)		10,208		706,665
Infineon Technologies AG - ADR		12,109		498,164
Infineon Technologies AG		8,718		356,508
Merck KGaA		2,316		501,215
Muenchener Rueckversicherungs-Gesellschaft AG - ADR (b)		18,890		517,208
Muenchener Rueckversicherungs-Gesellschaft AG		1,787		487,559
Siemens AG		13,225		2,162,704

Schedule of Portfolio Investments (Continued)

Praxis International Index Fund

COMMON STOCKS - 98.1% (Continued)	Shares		Fair Value
GERMANY - 4.7% (Continued)
Symrise AG		4,190	$	549,123
Vitesco Technologies Group AG (a)		973		57,474
Vonovia SE		20,686		1,241,300
Zalando SE (a)		6,837		623,471
				16,765,937
HONG KONG - 2.7%
AAC Technologies Holdings, Inc.		33,423		158,055
AIA Group Ltd. - ADR		35,494		1,633,079
AIA Group Ltd.		57,569		662,290
China Conch Venture Holdings Ltd.		167,591		778,181
Geely Automobile Holdings Ltd.		90,000		258,352
Guangdong Investment Ltd.		134,000		174,886
Hong Kong Exchanges & Clearing Ltd.		26,978		1,657,795
Lenovo Group Ltd.		770,000		1,005,013
Link REIT		95,500		817,792
New China Life Insurance Co. Ltd. - H Shares		113,800		335,045
Sino Land Co. Ltd.		168,000		226,008
Swire Properties Ltd.		206,350		515,502
Techtronic Industries Co. Ltd.		24,500		484,153
Wharf Holdings Ltd. (The)		166,000		549,105
Zhongsheng Group Holdings Ltd.		70,000		561,129
				9,816,385
HUNGARY - 0.0% (c)
MOL Hungarian Oil & Gas plc - ADR		6,368		26,544
INDIA - 3.2%
Dr. Reddy's Laboratories Ltd. - ADR		14,524		946,093
HDFC Bank Ltd. - ADR		30,589		2,235,750
ICICI Bank Ltd. - ADR		144,722		2,730,904
Infosys Ltd. - ADR		142,558		3,171,916
Wipro Ltd. - ADR		254,466		2,246,935
				11,331,598
INDONESIA - 0.6%
Bank Mandiri Persero Tbk PT - ADR		87,101		742,101
Telkom Indonesia Persero Tbk PT - ADR		50,040		1,271,016
				2,013,117

Schedule of Portfolio Investments (Continued)

Praxis International Index Fund

COMMON STOCKS - 98.1% (Continued)	Shares		Fair Value
IRELAND - 0.3%
CRH plc - ADR		14,500	$	677,730
Smurfit Kappa Group plc		10,442		549,689
				1,227,419
ISRAEL - 0.5%
Check Point Software Technologies Ltd. (a)		4,857		549,036
CyberArk Software Ltd. (a)		2,299		362,828
ICL Group Ltd.		39,641		288,190
Nice Ltd. - ADR (a)(b)		2,630		747,025
				1,947,079
ITALY - 1.4%
Assicurazioni Generali S.p.A.		41,464		878,069
Enel S.p.A.		148,245		1,137,677
Intesa Sanpaolo S.p.A.		199,542		564,833
Mediobanca Banca di Credito Finanziario S.p.A. (a)		29,677		357,002
Moncler S.p.A.		7,061		430,603
Poste Italiane S.p.A.		32,728		449,364
Terna S.p.A.		78,333		555,848
UniCredit S.p.A.		37,450		495,543
				4,868,939
JAPAN - 15.7%
Advantest Corp.		4,800		427,730
Aeon Co. Ltd.		14,100		370,692
AGC, Inc.		10,000		515,327
Ajinomoto Co., Inc.		17,000		502,352
Asahi Kasei Corp.		50,000		535,808
Astellas Pharma, Inc.		24,700		406,542
Bridgestone Corp.		28,756		1,360,493
Canon, Inc.		34,400		841,709
Chugai Pharmaceutical Co. Ltd.		14,700		537,935
Dai Nippon Printing Co. Ltd.		61,618		1,484,557
Dai-ichi Life Holdings, Inc.		16,346		357,508
Daiichi Sankyo Co. Ltd. - ADR (b)		5,703		153,981
Daiichi Sankyo Co. Ltd.		23,430		622,802
Daiwa House Industry Co. Ltd.		17,000		566,700
Daiwa Securities Group, Inc.		52,000		303,097
Denso Corp.		10,000		652,979

Schedule of Portfolio Investments (Continued)

Praxis International Index Fund

COMMON STOCKS - 98.1% (Continued)	Shares		Fair Value
JAPAN - 15.7% (Continued)
East Japan Railway Co.		7,729	$	546,238
ENEOS Holdings, Inc.		98,900		401,770
FANUC Corp. - ADR		10,090		222,484
FANUC Corp.		1,200		263,117
Fast Retailing Co. Ltd.		1,000		737,522
FUJIFILM Holdings Corp. - ADR		8,601		740,804
FUJIFILM Holdings Corp.		1,500		129,526
Fujitsu Ltd.		3,390		612,615
Honda Motor Co. Ltd.		17,400		534,947
Hoya Corp. - ADR		1,273		199,632
Hoya Corp.		6,861		1,070,455
Idemitsu Kosan Co. Ltd.		9,200		242,024
Japan Exchange Group, Inc.		12,400		307,523
Kao Corp.		8,000		476,113
KDDI Corp. - ADR		43,814		718,988
Keyence Corp.		3,600		2,148,755
Kintetsu Group Holdings Co. Ltd. (a)		12,091		410,117
Kubota Corp. - ADR		5,277		561,262
Kubota Corp.		24,000		510,788
Lixil Corp.		15,100		437,653
M3, Inc.		11,200		798,212
Medipal Holdings Corp.		800		15,056
Mitsubishi Corp.		30,400		954,643
Mitsubishi Estate Co. Ltd.		13,000		206,998
Mitsubishi UFJ Financial Group, Inc. - ADR		25,008		148,297
Mitsubishi UFJ Financial Group, Inc.		240,478		1,421,559
Mitsui & Co. Ltd. - ADR		1,204		530,347
Mitsui & Co. Ltd.		27,090		592,382
Mitsui OSK Lines Ltd.		15,000		1,006,620
Mizuho Financial Group, Inc.		68,700		971,919
Murata Manufacturing Co. Ltd. - ADR		916		20,198
Murata Manufacturing Co. Ltd.		12,900		1,141,047
Nidec Corp. - ADR		34,780		967,232
Nintendo Co. Ltd. - ADR		14,840		879,270
Nintendo Co. Ltd.		300		143,366
Nippon Prologis REIT, Inc. (a)		193		645,022

Schedule of Portfolio Investments (Continued)

Praxis International Index Fund

COMMON STOCKS - 98.1% (Continued)	Shares		Fair Value
JAPAN - 15.7% (Continued)
Nippon Telegraph & Telephone Corp.		12,900	$	357,451
Nomura Holdings, Inc.		65,900		324,884
Nomura Real Estate Master Fund, Inc. (a)		222		319,522
Nomura Research Institute Ltd.		10,200		374,922
NSK Ltd.		55,000		376,076
Odakyu Electric Railway Co. Ltd. (a)		12,000		277,743
Omron Corp.		7,900		781,733
Oriental Land Co. Ltd.		2,960		478,861
PeptiDream, Inc. (a)		4,864		158,783
Pinduoduo, Inc. - ADR (a)(b)		7,848		711,578
Rakuten Group, Inc.		16,351		159,273
Recruit Holdings Co. Ltd.		20,650		1,262,260
Seibu Holdings, Inc. (a)		40,300		508,701
Seiko Epson Corp.		14,500		292,757
Sekisui House Ltd. - ADR (b)		21,690		457,225
Sekisui House Ltd.		8,000		167,529
Seven & i Holdings Co. Ltd.		17,400		792,132
Shimadzu Corp.		17,000		746,581
Shimano, Inc.		2,084		608,924
Shin-Etsu Chemical Co. Ltd.		6,100		1,029,500
Shiseido Co. Ltd. - ADR (b)		7,565		510,713
Shiseido Co. Ltd.		2,100		141,141
SMC Corp.		678		423,015
SoftBank Group Corp. - ADR (b)		12,750		370,260
SoftBank Group Corp.		14,400		832,116
Sony Group Corp. - ADR		23,139		2,558,711
Sumitomo Corp.		23,254		327,580
Sumitomo Metal Mining Co. Ltd.		8,000		289,287
Sumitomo Mitsui Financial Group, Inc. - ADR		58,630		410,996
Sumitomo Mitsui Financial Group, Inc.		9,700		341,243
Sumitomo Mitsui Trust Holdings, Inc.		22,000		757,688
Takeda Pharmaceutical Co. Ltd.		3,100		102,248
TDK Corp.		11,400		411,119
Terumo Corp.		10,972		518,085
Tokyo Electron Ltd. - ADR		1,464		161,918
Tokyo Electron Ltd.		1,900		839,387

Schedule of Portfolio Investments (Continued)

Praxis International Index Fund

COMMON STOCKS - 98.1% (Continued)	Shares		Fair Value
JAPAN - 15.7% (Continued)
Toppan, Inc.		62,000	$	1,051,241
Toray Industries, Inc.		50,000		317,713
Toyota Motor Corp. - ADR (b)		11,838		2,104,205
Unicharm Corp.		6,900		305,756
USS Co. Ltd.		15,320		260,785
Yamaha Corp.		8,277		520,645
Yamaha Motor Co. Ltd.		10,400		289,537
Yaskawa Electric Corp.		6,600		316,925
Yokogawa Electric Corp.		15,500		270,347
				55,973,809
JERSEY - 0.9%
Experian plc - ADR		11,145		466,752
Ferguson plc		508		70,528
Ferguson plc		5,680		792,474
Glencore plc (a)		248,450		1,168,846
WPP plc - ADR		1,188		79,643
WPP plc		34,966		468,504
				3,046,747
LUXEMBOURG - 0.6%
ArcelorMittal S.A. - ADR		21,319		642,981
Aroundtown S.A.		56,076		386,256
Globant S.A. (a)		972		273,142
Tenaris S.A. - ADR (b)		26,739		564,460
Tenaris S.A.		35,185		370,070
				2,236,909
MEXICO - 1.1%
América Móvil S.A.B. de C.V. - Class L - ADR		6,638		117,293
Coca-Cola Femsa S.A.B. de C.V. - ADR		8,455		475,763
Fomento Economico Mexicano S.A.B. de C.V. - ADR		12,658		1,097,702
Grupo Aeroportuario del Pacifico S.A.B. de C.V. - ADR (a)		2,661		309,528
Grupo Aeroportuario del Sureste S.A.B. de C.V. - ADR		3,169		592,603
Grupo Televisa S.A.B. - ADR		39,194		430,350
Wal-Mart de Mexico S.A.B. de C.V. - ADR		29,536		1,004,224
				4,027,463
NETHERLANDS - 3.9%
Adyen N.V. (a)		349		975,466

Schedule of Portfolio Investments (Continued)

Praxis International Index Fund

COMMON STOCKS - 98.1% (Continued)	Shares		Fair Value
NETHERLANDS - 3.9% (Continued)
Akzo Nobel N.V. - ADR		9,200	$	334,052
ASML Holding N.V. - ADR		6,611		4,925,922
ING Groep N.V. - ADR (b)		40,673		589,352
ING Groep N.V.		12,870		187,088
Koninklijke Ahold Delhaize N.V. - ADR		24,466		813,739
Koninklijke Ahold Delhaize N.V.		5,491		182,818
Koninklijke DSM N.V.		4,332		866,193
Koninklijke Philips N.V.		16,004		711,218
Koninklijke Vopak N.V.		6,800		267,905
NN Group N.V.		8,273		433,307
Prosus N.V. - ADR		4,090		65,604
Prosus N.V. (a)		8,287		663,221
QIAGEN N.V. (a)		7,847		405,533
Stellantis N.V.		42,053		801,362
STMicroelectronics N.V. - ADR		14,434		629,755
Universal Music Group N.V. (a)		17,630		471,991
Wolters Kluwer N.V.		5,108		541,366
				13,865,892
NEW ZEALAND - 0.1%
a2 Milk Co. Ltd. (The) (a)		47,163		208,899
NORWAY - 1.4%
Equinor ASA - ADR		158,981		4,054,015
Mowi ASA		10,838		274,996
Norsk Hydro ASA		112,833		842,210
				5,171,221
PAPUA NEW GUINEA - 0.3%
Oil Search Ltd.		348,382		1,083,702
PHILIPPINES - 0.3%
PLDT, Inc. - ADR		30,993		1,009,442
PORTUGAL - 0.3%
EDP - Energias de Portugal S.A.		50,604		265,797
Galp Energia SGPS S.A.		82,314		934,810
				1,200,607

Schedule of Portfolio Investments (Continued)

Praxis International Index Fund

COMMON STOCKS - 98.1% (Continued)	Shares		Fair Value
RUSSIA - 0.2%
Mobile TeleSystems PJSC - ADR		86,910	$	837,812
SINGAPORE - 0.9%
BOC Aviation Ltd.		45,200		377,145
CapitaLand Integrated Commercial Trust		387,425		576,848
CapitaLand Investment Ltd. (a)		183,000		458,201
City Developments Ltd.		51,000		258,092
DBS Group Holdings Ltd. - ADR		11,392		1,010,470
Keppel REIT		737		574
Venture Corp. Ltd.		30,000		394,275
				3,075,605
SOUTH AFRICA - 1.0%
FirstRand Ltd.		201,574		860,287
Gold Fields Ltd. - ADR (b)		27,396		222,455
Impala Platinum Holdings Ltd. - ADR		34,408		392,939
Mr Price Group Ltd.		46,588		624,936
MultiChoice Group Ltd.		40,877		311,575
Naspers Ltd. - Class N - ADR		25,395		844,638
Standard Bank Group Ltd.		37,895		358,800
				3,615,630
SOUTH KOREA - 4.3%
Hyundai Mobis Co. Ltd.		4,029		849,941
KB Financial Group, Inc. - ADR (b)		29,162		1,353,408
KT Corp. - ADR		39,515		538,194
LG Chem Ltd.		410		268,637
LG Display Co. Ltd. - ADR (a)		3		24
NAVER Corp.		3,825		1,253,092
POSCO - ADR		22,846		1,575,689
Samsung Electronics Co. Ltd.		88,827		5,505,167
Shinhan Financial Group Co. Ltd. - ADR		35,724		1,202,827
SK Hynix, Inc.		1,749		149,681
SK Telecom Co. Ltd. - ADR		56,068		1,687,647
Woori Financial Group, Inc. - ADR		39,921		1,153,717
				15,538,024
SPAIN - 1.9%
Aena SME S.A. (a)		2,879		497,839

Schedule of Portfolio Investments (Continued)

Praxis International Index Fund

COMMON STOCKS - 98.1% (Continued)	Shares		Fair Value
SPAIN - 1.9% (Continued)
Amadeus IT Group S.A. (a)		9,206	$	605,423
Cellnex Telecom S.A.		3,788		233,628
Iberdrola S.A. - ADR		12,778		514,187
Iberdrola S.A.		45,814		460,854
Industria de Diseno Textil S.A. - ADR		6,572		120,793
Industria de Diseno Textil S.A.		35,166		1,293,805
Naturgy Energy Group S.A.		12,657		318,551
Repsol S.A.		140,542		1,834,353
Siemens Gamesa Renewable Energy S.A. (a)		9,325		236,986
Telefónica S.A. - ADR		34,242		161,280
Telefónica S.A.		75,459		354,055
				6,631,754
SWEDEN - 2.3%
Assa Abloy AB - Class B		14,650		425,039
Atlas Copco AB - A Shares		8,922		538,878
Atlas Copco AB - Class A - ADR		10,074		608,822
Boliden AB (a)		25,785		825,826
Essity AB - Series B		12,219		379,042
H & M Hennes & Mauritz AB - B Shares (a)		19,185		388,420
Hexagon AB - B Shares		58,429		903,976
ICA Gruppen AB		7,527		345,411
Kinnevik AB - Series B (a)		17,337		609,602
Lundin Energy AB		34,303		1,273,645
Sandvik AB - ADR		13,048		299,060
Sandvik AB		17,709		404,673
Svenska Cellulosa AB S.C.A. - Series B		16,418		254,502
Svenska Handelsbanken AB - A Shares		36,120		404,610
Telefonaktiebolaget LM Ericsson - B Shares		60,032		677,724
				8,339,230
SWITZERLAND - 6.0%
ABB Ltd. - ADR (b)		33,452		1,115,959
Adecco Group AG		3,938		197,342
Barry Callebaut AG		425		964,051
Coca-Cola HBC AG (a)		6,858		221,014
Credit Suisse Group AG - ADR (b)		11,870		117,038
Credit Suisse Group AG		51,770		511,360

Schedule of Portfolio Investments (Continued)

Praxis International Index Fund

COMMON STOCKS - 98.1% (Continued)	Shares		Fair Value
SWITZERLAND - 6.0% (Continued)
Geberit AG		2,043	$	1,500,169
Givaudan S.A.		272		1,240,233
Groupe Bruxelles Lambert S.A.		2,460		270,998
Holcim Ltd. (a)		8,532		411,167
Logitech International S.A. (b)		4,649		409,809
Lonza Group AG - ADR (a)		1,070		80,057
Lonza Group AG		1,788		1,341,369
Nestlé S.A. - ADR		36,016		4,329,483
Partners Group Holding AG		644		1,005,181
Roche Holding AG - ADR		81,648		3,712,535
Sika AG		852		269,414
Swatch Group AG (The)		828		216,038
Swiss Re AG		6,747		575,932
Swisscom AG		1,946		1,120,030
Temenos AG		2,112		286,607
UBS Group AG		22,324		356,373
UBS Group AG		2		32
Zurich Insurance Group AG - ADR		24,700		1,014,182
Zurich Insurance Group AG		492		201,215
				21,467,588
TAIWAN - 4.7%
ASE Technology Holding Co. Ltd. - ADR		126,937		996,455
AU Optronics Corp. - ADR		157,981		993,700
Chunghwa Telecom Co. Ltd. - ADR		87,940		3,455,163
Taiwan Semiconductor Manufacturing Co. Ltd. - ADR		89,014		9,938,413
United Microelectronics Corp. - ADR		114,499		1,308,724
				16,692,455
TURKEY - 0.1%
Turkcell Iletisim Hizmetleri A.S. - ADR (b)		97,496		424,108
UNITED KINGDOM - 6.8%
3i Group plc		68,813		1,182,095
Antofagasta plc		47,452		862,099
Ashtead Group plc		11,037		834,403
AstraZeneca plc - ADR		42,278		2,539,217
Aviva plc		62,051		328,894

Schedule of Portfolio Investments (Continued)

Praxis International Index Fund

COMMON STOCKS - 98.1% (Continued)	Shares		Fair Value
UNITED KINGDOM - 6.8% (Continued)
Barratt Developments plc		19,279	$	170,438
Berkeley Group Holdings plc (a)		6,470		377,769
British Land Co. plc (The)		62,287		413,269
BT Group plc (a)		130,919		280,692
Burberry Group plc		13,434		326,969
Coca-Cola Europacific Partners plc		9,316		515,082
Compass Group plc (a)		35,682		729,808
GlaxoSmithKline plc - ADR (b)		34,232		1,308,005
Halma plc		17,839		680,507
HSBC Holdings plc - ADR		10,258		268,247
Informa plc (a)		99,047		728,457
InterContinental Hotels Group plc - ADR (a)		4,765		306,342
InterContinental Hotels Group plc (a)		732		46,744
ITV plc (a)		307,997		440,530
J Sainsbury plc		42,996		164,810
Kingfisher plc		106,863		482,412
Land Securities Group plc		27,778		258,850
Legal & General Group plc		210,040		789,213
Lloyds Banking Group plc		437,921		272,568
London Stock Exchange Group plc		7,929		794,626
Mondi plc		17,385		426,077
National Grid plc - ADR		2,629		156,767
NatWest Group plc		143,085		433,632
Ocado Group plc (a)		10,511		234,920
PEARSON plc - ADR		19,618		189,706
PEARSON plc		41,697		399,809
Prudential plc - ADR (b)		17,512		686,120
Reckitt Benckiser Group plc - ADR		34,350		542,730
Reckitt Benckiser Group plc		3,212		252,359
RELX plc - ADR		33,113		955,641
RELX plc		58,665		1,688,905
Rentokil Initial plc		62,540		491,160
Sage Group plc (The) - ADR		2,320		91,443
Sage Group plc (The)		33,781		321,681
Segro plc		65,385		1,049,994
Tesco plc - ADR		5,503		57,314

Schedule of Portfolio Investments (Continued)

Praxis International Index Fund

COMMON STOCKS - 98.1% (Continued)	Shares		Fair Value
UNITED KINGDOM - 6.8% (Continued)
Tesco plc		36,317	$	123,694
Unilever plc - ADR		19,812		1,074,207
United Utilities Group plc		13,042		169,762
				24,447,967
UNITED STATES - 0.0% (c)
Jackson Financial, Inc. - Class A (a)		876		22,766
TOTAL COMMON STOCKS (Cost $219,406,256)			$	350,458,460

CORPORATE NOTES - 1.0%	Coupon			Maturity	Par Value		Fair Value
COMMUNITY DEVELOPMENT - 1.0%
Calvert Social Investment Foundation, Inc. (d)		2.000	%	06/15/22	$	290,000	$	290,000
Calvert Social Investment Foundation, Inc. (d)		3.000	%	06/15/23		870,000		870,000
Calvert Social Investment Foundation, Inc. (d)		3.000	%	12/15/23		480,000		480,000
Calvert Social Investment Foundation, Inc. (d)		1.000	%	06/14/24		450,000		450,000
Calvert Social Investment Foundation, Inc. (d)		3.000	%	06/17/24		290,000		290,000
Calvert Social Investment Foundation, Inc. (d)		3.000	%	12/15/24		120,000		120,000
Calvert Social Investment Foundation, Inc. (d)		2.500	%	06/13/25		500,000		499,000
Calvert Social Investment Foundation, Inc. (d)		2.500	%	12/15/25		400,000		400,000
TOTAL CORPORATE NOTES (Cost $3,400,000)							$	3,399,000

RIGHTS - 0.0% (c)	Shares		Fair Value
AUSTRALIA - 0.0% (c)
Transurban Group (a) (Cost $5,262)		8,607	$	6,531

Schedule of Portfolio Investments (Continued)

Praxis International Index Fund

MONEY MARKET FUNDS - 0.4%	Shares		Fair Value
First American Government Obligations Fund - Class X, 0.03% (e) (Cost $1,522,047)		1,522,047	$	1,522,047

COLLATERAL FOR SECURITIES LOANED - 2.9%	Shares		Fair Value
Mount Vernon Liquid Assets Portfolio, LLC, 0.09% (e)(f) (Cost $10,386,589)		10,386,589	$	10,386,589
TOTAL INVESTMENTS - (Cost $234,720,154) - 102.4%			$	365,772,627
LIABILITES IN EXESS OF OTHER ASSETS - (2.4%)				(8,480,207	)
NET ASSETS - 100.0%			$	357,292,420

(a)	Non-income producing security.
(b)	All or a portion of the security is on loan.  The total value of the securities on loan as of September 30, 2021 was $10,065,113.
(c)	Percentage rounds to less than 0.1%.
(d)	Restricted and illiquid securities not registered under the Securities Act of 1933 are as follows:

	Acquisition Date	Current Cost		Fair Value		% of Net Assets
Calvert Social Investment Foundation, Inc.  2.000%, 06/15/22	06/17/19	$	290,000	$	290,000	0.1	%
Calvert Social Investment Foundation, Inc.  3.000%, 06/15/23	06/18/18		870,000		870,000	0.3	%
Calvert Social Investment Foundation, Inc.  3.000%, 12/15/23	12/17/18		480,000		480,000	0.1	%
Calvert Social Investment Foundation, Inc.  1.000%, 06/14/24	06/15/21		450,000		450,000	0.1	%
Calvert Social Investment Foundation, Inc.  3.000%, 06/17/24	06/17/19		290,000		290,000	0.1	%
Calvert Social Investment Foundation, Inc.  3.000%, 12/15/24	12/12/19		120,000		120,000	0.1	%
Calvert Social Investment Foundation, Inc.  2.500%, 06/13/25	06/12/20		500,000		499,000	0.1	%
Calvert Social Investment Foundation, Inc.  2.500%, 12/15/25	12/15/20		400,000		400,000	0.1	%
		$	3,400,000	$	3,399,000	1.0	%

(e)	The rate shown is the 7-day effective yield as of September 30, 2021.
(f)	The security was purchased with cash collateral held from securities on loan.

ADR - American Depositary Receipt

CDI - CHESS Depositary Interest

plc - Public Liability Company

REIT - Real Estate Investment Trust

Schedule of Portfolio Investments (Continued)

Praxis International Index Fund

September 30, 2021 (Unaudited)

Common Stocks by Sector/Industry	% of Net Assets
Communications - 10.3%
Advertising & Marketing	0.3%
Cable & Satellite	0.3%
Entertainment Content	0.6%
Internet Media & Services	4.0%
Publishing & Broadcasting	0.5%
Telecommunications	4.6%
Consumer Discretionary - 11.1%
Apparel & Textile Products	1.5%
Automotive	3.5%
E-Commerce Discretionary	1.6%
Home Construction	1.0%
Leisure Facilities & Services	0.9%
Leisure Products	0.3%
Retail - Discretionary	2.0%
Wholesale - Discretionary	0.3%
Consumer Staples - 6.4%
Beverages	0.7%
Food	1.9%
Household Products	2.0%
Retail - Consumer Staples	1.5%
Wholesale - Consumer Staples	0.3%
Energy - 3.3%
Oil & Gas Producers	2.9%
Oil & Gas Services & Equipment	0.1%
Renewable Energy	0.3%
Financials - 17.7%
Asset Management	1.1%
Banking	10.7%
Institutional Financial Services	1.2%
Insurance	4.6%
Specialty Finance	0.1%

Schedule of Portfolio Investments (Continued)

Praxis International Index Fund

Common Stocks by Sector/Industry (Continued)	% of Net Assets
Health Care - 7.9%
Biotech & Pharma	4.9%
Health Care Facilities & Services	1.2%
Medical Equipment & Devices	1.8%
Industrials - 10.4%
Commercial Support Services	1.8%
Diversified Industrials	0.8%
Electrical Equipment	1.7%
Engineering & Construction	0.1%
Industrial Support Services	0.7%
Machinery	1.9%
Transportation & Logistics	3.4%
Materials - 8.3%
Chemicals	2.8%
Construction Materials	0.7%
Containers & Packaging	0.4%
Forestry, Paper & Wood Products	0.4%
Metals & Mining	2.7%
Steel	1.3%
Real Estate - 3.9%
Real Estate Owners & Developers	1.5%
REITs	2.4%
Technology - 17.0%
Semiconductors	5.7%
Software	1.2%
Technology Hardware	5.4%
Technology Services	4.7%
Utilities - 1.8%
Electric & Gas Marketing & Trading	0.2%
Electric Utilities	1.4%
Gas & Water Utilities	0.2%
	98.1%

Schedule of Portfolio Investments
Praxis Value Index Fund
September 30, 2021 (Unaudited)
COMMON STOCKS - 98.3%	Shares		Fair Value
ADVERTISING & MARKETING - 0.2%
Omnicom Group, Inc. (a)		10,229	$	741,193
APPAREL & TEXTILE PRODUCTS - 0.7%
NIKE, Inc. - Class B		9,970		1,447,943
PVH Corp. (b)		6,540		672,246
VF Corp.		7,520		503,765
				2,623,954
ASSET MANAGEMENT - 0.8%
Ameriprise Financial, Inc.		1,540		406,745
BlackRock, Inc.		762		639,059
Charles Schwab Corp. (The)		30,770		2,241,287
				3,287,091
AUTOMOTIVE - 0.5%
BorgWarner, Inc.		14,870		642,533
Ford Motor Co. (b)		97,563		1,381,492
				2,024,025
BANKING - 8.8%
Bank of America Corp.		169,070		7,177,021
Citigroup, Inc.		53,446		3,750,840
Citizens Financial Group, Inc.		10,900		512,082
Comerica, Inc.		9,200		740,600
Fifth Third Bancorp		19,490		827,156
Huntington Bancshares, Inc.		33,170		512,808
JPMorgan Chase & Co.		74,775		12,239,920
KeyCorp		21,488		464,571
M&T Bank Corp.		7,616		1,137,373
People's United Financial, Inc.		32,700		571,269
PNC Financial Services Group, Inc. (The)		11,651		2,279,402
Regions Financial Corp.		24,860		529,767
Truist Financial Corp.		40,200		2,357,730
U.S. Bancorp		28,047		1,667,114
Zions Bancorp., N.A.		9,670		598,476
				35,366,129
BEVERAGES - 2.0%
Coca-Cola Co. (The)		79,950		4,194,977
PepsiCo, Inc.		25,859		3,889,452
				8,084,429

Schedule of Portfolio Investments (Continued)
Praxis Value Index Fund
COMMON STOCKS - 98.3% (Continued)	Shares		Fair Value
BIOTECH & PHARMA - 5.8%
AbbVie, Inc.		11,066	$	1,193,689
Amgen, Inc.		9,544		2,029,532
Biogen, Inc. (b)		2,300		650,877
Bristol-Myers Squibb Co.		28,879		1,708,770
Eli Lilly & Co.		10,980		2,536,929
Gilead Sciences, Inc.		32,650		2,280,602
Johnson & Johnson		40,071		6,471,466
Merck & Co., Inc.		25,610		1,923,567
Moderna, Inc. (b)		2,780		1,069,911
Organon & Co.		37,554		1,231,396
Vertex Pharmaceuticals, Inc. (b)		1,570		284,782
Viatris, Inc.		69,350		939,693
Zoetis, Inc.		3,990		774,619
				23,095,833
CABLE & SATELLITE - 0.8%
Comcast Corp. - Class A		60,520		3,384,884
CHEMICALS - 3.5%
Air Products & Chemicals, Inc.		2,797		716,340
Celanese Corp.		4,040		608,586
Dow, Inc.		8,860		509,982
DuPont de Nemours, Inc.		12,548		853,138
Eastman Chemical Co.		3,900		392,886
International Flavors & Fragrances, Inc.		8,452		1,130,201
Linde plc		11,936		3,501,784
LyondellBasell Industries N.V. - Class A		57,850		5,429,222
Sherwin-Williams Co. (The)		2,880		805,622
				13,947,761
COMMERCIAL SUPPORT SERVICES - 1.9%
Republic Services, Inc.		25,760		3,092,746
Robert Half International, Inc.		8,160		818,693
Waste Management, Inc.		25,070		3,744,455
				7,655,894
CONSTRUCTION MATERIALS - 0.2%
Martin Marietta Materials, Inc. (a)		2,140		731,195
CONTAINERS & PACKAGING - 0.4%
Ball Corp.		5,768		518,947

Schedule of Portfolio Investments (Continued)
Praxis Value Index Fund
COMMON STOCKS - 98.3% (Continued)	Shares		Fair Value
CONTAINERS & PACKAGING - 0.4% (Continued)
International Paper Co.		12,160	$	679,987
WestRock Co.		10,430		519,727
				1,718,661
DIVERSIFIED INDUSTRIALS - 1.1%
Dover Corp.		5,253		816,841
Emerson Electric Co.		11,724		1,104,401
Illinois Tool Works, Inc. (a)		11,135		2,300,825
				4,222,067
ELECTRIC UTILITIES - 4.7%
AES Corp. (The)		27,234		621,752
Ameren Corp.		7,200		583,200
American Electric Power Co., Inc.		16,270		1,320,799
CMS Energy Corp.		12,530		748,417
Consolidated Edison, Inc.		26,561		1,928,063
DTE Energy Co.		4,170		465,831
Duke Energy Corp.		29,724		2,900,765
Edison International		11,827		656,044
Eversource Energy		10,350		846,216
NextEra Energy, Inc.		37,400		2,936,648
NRG Energy, Inc.		15,780		644,297
PPL Corp.		16,050		447,474
Sempra Energy		15,043		1,902,939
Southern Co. (The)		31,681		1,963,272
Xcel Energy, Inc.		14,114		882,125
				18,847,842
ELECTRICAL EQUIPMENT - 3.4%
Carrier Global Corp.		9,550		494,308
Johnson Controls International plc (a)		119,867		8,160,545
Keysight Technologies, Inc. (b)		4,270		701,518
Otis Worldwide Corp.		5,570		458,300
Rockwell Automation, Inc.		5,250		1,543,710
Roper Technologies, Inc.		2,520		1,124,248
Trane Technologies plc		7,740		1,336,311
				13,818,940
ENTERTAINMENT CONTENT - 2.6%
Activision Blizzard, Inc.		6,620		512,322
Discovery, Inc. (b)		19,010		482,474

Schedule of Portfolio Investments (Continued)
Praxis Value Index Fund
COMMON STOCKS - 98.3% (Continued)	Shares		Fair Value
ENTERTAINMENT CONTENT - 2.6% (Continued)
Electronic Arts, Inc.		2,910	$	413,947
Fox Corp. - Class A (a)		15,020		602,452
ViacomCBS, Inc. - Class B (a)		14,766		583,405
Walt Disney Co. (The) (b)		46,899		7,933,904
				10,528,504
FOOD - 2.4%
Campbell Soup Co.		24,510		1,024,763
Conagra Brands, Inc. (a)		16,070		544,291
General Mills, Inc.		33,564		2,007,799
Hershey Co. (The)		2,830		478,978
Hormel Foods Corp.		15,960		654,360
J.M. Smucker Co. (The) (a)		3,710		445,311
Kellogg Co. (a)		6,820		435,934
Kraft Heinz Co. (The)		15,150		557,823
McCormick & Co., Inc.		4,900		397,047
Mondelez International, Inc. - Class A		40,482		2,355,243
Tyson Foods, Inc. - Class A		9,110		719,143
				9,620,692
GAS & WATER UTILITIES - 0.4%
American Water Works Co., Inc.		4,630		782,655
NiSource, Inc.		29,770		721,327
				1,503,982
HEALTH CARE FACILITIES & SERVICES - 4.6%
AmerisourceBergen Corp.		8,740		1,043,993
Anthem, Inc.		6,020		2,244,256
Cardinal Health, Inc.		20,270		1,002,554
Centene Corp. (b)		15,600		972,036
Cigna Corp.		8,662		1,733,786
CVS Health Corp.		40,634		3,448,201
HCA Healthcare, Inc.		4,100		995,152
Humana, Inc. (a)		1,420		552,593
IQVIA Holdings, Inc. (b)		2,920		699,457
Laboratory Corp. of America Holdings (b)		2,120		596,653
McKesson Corp.		5,714		1,139,257
Quest Diagnostics, Inc.		2,720		395,243
UnitedHealth Group, Inc.		9,750		3,809,715
				18,632,896

Schedule of Portfolio Investments (Continued)
Praxis Value Index Fund
COMMON STOCKS - 98.3% (Continued)	Shares		Fair Value
HOME & OFFICE PRODUCTS - 0.3%
Newell Brands, Inc. (a)		16,550	$	366,417
Whirlpool Corp. (a)		3,500		713,510
				1,079,927
HOME CONSTRUCTION - 0.2%
Mohawk Industries, Inc. (b)		4,070		722,018
HOUSEHOLD PRODUCTS - 2.0%
Church & Dwight Co., Inc.		6,650		549,090
Estée Lauder Cos., Inc. (The) - Class A		5,290		1,586,630
Kimberly-Clark Corp.		3,750		496,650
Procter & Gamble Co. (The)		37,456		5,236,349
				7,868,719
INDUSTRIAL SUPPORT SERVICES - 0.2%
Fastenal Co.		4,760		245,664
W.W. Grainger, Inc.		1,090		428,435
				674,099
INSTITUTIONAL FINANCIAL SERVICES - 3.0%
Bank of New York Mellon Corp. (The)		38,024		1,971,164
CME Group, Inc.		9,190		1,777,162
Goldman Sachs Group, Inc. (The)		8,267		3,125,174
Intercontinental Exchange, Inc.		5,470		628,065
Morgan Stanley		29,931		2,912,586
Northern Trust Corp.		6,297		678,880
State Street Corp.		11,280		955,642
				12,048,673
INSURANCE - 5.4%
Aflac, Inc.		38,140		1,988,238
Allstate Corp. (The)		10,919		1,390,098
American International Group, Inc.		29,507		1,619,639
Arthur J. Gallagher & Co.		2,930		435,544
Assurant, Inc.		4,170		657,817
Berkley (W.R.) Corp.		11,170		817,421
Cincinnati Financial Corp. (a)		7,712		880,865
Globe Life, Inc.		6,860		610,746
Hartford Financial Services Group, Inc. (The)		23,910		1,679,677
Lincoln National Corp.		22,490		1,546,188
Loews Corp.		16,890		910,878
Marsh & McLennan Cos., Inc.		7,150		1,082,725

Schedule of Portfolio Investments (Continued)
Praxis Value Index Fund
COMMON STOCKS - 98.3% (Continued)	Shares		Fair Value
INSURANCE - 5.4% (Continued)
MetLife, Inc.		35,413	$	2,186,044
Principal Financial Group, Inc.		11,170		719,348
Progressive Corp. (The)		12,410		1,121,740
Prudential Financial, Inc.		23,410		2,462,732
Travelers Cos., Inc. (The)		11,393		1,731,850
				21,841,550
INTERNET MEDIA & SERVICES - 0.5%
Booking Holdings, Inc. (b)		660		1,566,754
Expedia Group, Inc. (b)		3,040		498,256
				2,065,010
LEISURE FACILITIES & SERVICES - 2.1%
Carnival Corp. (a)(b)		28,663		716,861
Darden Restaurants, Inc.		4,210		637,689
Hilton Worldwide Holdings, Inc. (b)		6,420		848,146
Live Nation Entertainment, Inc. (a)(b)		6,190		564,095
Marriott International, Inc. - Class A (b)		8,550		1,266,169
McDonald's Corp.		9,980		2,406,278
Starbucks Corp.		13,490		1,488,082
Yum! Brands, Inc.		5,400		660,474
				8,587,794
LEISURE PRODUCTS - 0.1%
Hasbro, Inc.		6,490		579,038
MACHINERY - 1.3%
Deere & Co.		2,897		970,698
IDEX Corp.		2,840		587,738
Ingersoll-Rand, Inc. (b)		31,330		1,579,345
Stanley Black & Decker, Inc.		5,070		888,822
Xylem, Inc.		10,290		1,272,667
				5,299,270
MEDICAL EQUIPMENT & DEVICES - 4.9%
Abbott Laboratories		35,810		4,230,235
Baxter International, Inc.		17,182		1,381,948
Becton, Dickinson and Co.		7,110		1,747,780
Boston Scientific Corp. (b)		38,100		1,653,159
Cooper Cos., Inc. (The)		1,170		483,573
Danaher Corp.		6,410		1,951,460
DENTSPLY SIRONA, Inc.		8,810		511,420

Schedule of Portfolio Investments (Continued)
Praxis Value Index Fund
COMMON STOCKS - 98.3% (Continued)	Shares		Fair Value
MEDICAL EQUIPMENT & DEVICES - 4.9% (Continued)
Edwards Lifesciences Corp. (b)		5,460	$	618,127
Illumina, Inc. (b)		2,520		1,022,137
Intuitive Surgical, Inc. (b)		410		407,602
Medtronic plc		11,300		1,416,455
Stryker Corp.		3,720		981,038
Teleflex, Inc.		1,370		515,874
Thermo Fisher Scientific, Inc.		1,954		1,116,379
Waters Corp. (b)		4,800		1,715,040
				19,752,227
METALS & MINING - 0.2%
Newmont Corp.		15,870		861,741
OIL & GAS PRODUCERS - 2.6%
ConocoPhillips		115,497		7,827,232
Valero Energy Corp.		38,560		2,721,179
				10,548,411
OIL & GAS SERVICES & EQUIPMENT - 1.5%
Baker Hughes Co.		80,150		1,982,110
Schlumberger Ltd.		139,496		4,134,661
				6,116,771
REAL ESTATE SERVICES - 1.2%
CBRE Group, Inc. - Class A (b)		50,110		4,878,710
REITS - 4.4%
American Tower Corp.		4,760		1,263,352
AvalonBay Communities, Inc.		5,900		1,307,676
Boston Properties, Inc. (a)		6,280		680,438
Crown Castle International Corp.		4,160		721,011
Digital Realty Trust, Inc.		5,980		863,811
Equinix, Inc.		910		719,018
Equity Residential		17,370		1,405,580
Federal Realty Investment Trust		5,670		669,003
Healthpeak Properties, Inc.		20,530		687,344
Host Hotels & Resorts, Inc. (b)		49,590		809,805
Iron Mountain, Inc. (a)		22,570		980,667
Kimco Realty Corp.		22,420		465,215
Prologis, Inc.		22,180		2,782,037

Schedule of Portfolio Investments (Continued)
Praxis Value Index Fund
COMMON STOCKS - 98.3% (Continued)	Shares		Fair Value
REITS - 4.4% (Continued)
Public Storage		1,920	$	570,432
Realty Income Corp.		9,490		615,521
Regency Centers Corp.		9,230		621,456
Simon Property Group, Inc. (a)		3,119		405,377
Ventas, Inc.		10,570		583,570
Vornado Realty Trust		17,950		754,080
Welltower, Inc. (a)		9,100		749,840
				17,655,233
RETAIL - CONSUMER STAPLES - 2.4%
Costco Wholesale Corp.		3,160		1,419,946
Dollar Tree, Inc. (b)		4,010		383,837
Kroger Co. (The) (a)		20,514		829,381
Target Corp.		3,350		766,380
Walgreen Boots Alliance, Inc.		23,650		1,112,733
Walmart, Inc.		35,430		4,938,233
				9,450,510
RETAIL - DISCRETIONARY - 1.6%
Genuine Parts Co.		4,570		554,021
Home Depot, Inc. (The)		6,312		2,071,977
Lowe's Cos., Inc.		3,930		797,240
Ross Stores, Inc.		9,950		1,083,058
TJX Cos., Inc. (The)		29,130		1,921,997
				6,428,293
SEMICONDUCTORS - 3.0%
Analog Devices, Inc.		4,430		741,936
Broadcom, Inc.		3,100		1,503,283
Intel Corp.		101,848		5,426,462
IPG Photonics Corp. (a)(b)		2,450		388,080
Micron Technology, Inc.		29,590		2,100,298
Texas Instruments, Inc.		10,140		1,949,009
				12,109,068
SOFTWARE - 1.2%
Microsoft Corp.		4,950		1,395,504
NortonLifeLock, Inc.		15,800		399,740
Oracle Corp.		20,392		1,776,755
salesforce.com, inc. (b)		1,770		480,060
Synopsys, Inc. (b)		2,040		610,796
				4,662,855

Schedule of Portfolio Investments (Continued)
Praxis Value Index Fund
COMMON STOCKS - 98.3% (Continued)	Shares		Fair Value
SPECIALTY FINANCE - 1.6%
American Express Co.		17,094	$	2,863,758
Capital One Financial Corp.		12,040		1,950,119
Discover Financial Services		7,820		960,687
Synchrony Financial		15,070		736,621
				6,511,185
STEEL - 0.2%
Nucor Corp. (a)		6,590		649,049
TECHNOLOGY HARDWARE - 2.3%
Cisco Systems, Inc.		121,300		6,602,359
Corning, Inc.		14,610		533,119
HP, Inc.		36,560		1,000,281
Juniper Networks, Inc.		21,720		597,734
Western Digital Corp. (b)		11,965		675,305
				9,408,798
TECHNOLOGY SERVICES - 5.9%
Accenture plc - Class A		17,800		5,694,576
Automatic Data Processing, Inc.		5,210		1,041,583
Cognizant Technology Solutions Corp. - Class A		6,500		482,365
DXC Technology Co. (b)		15,380		516,922
Fidelity National Information Services, Inc.		16,860		2,051,525
Fiserv, Inc. (b)		8,970		973,245
FleetCor Technologies, Inc. (b)		2,190		572,181
Global Payments, Inc.		7,040		1,109,363
International Business Machines Corp.		24,782		3,442,963
Mastercard, Inc. - Class A		6,940		2,412,899
Paychex, Inc.		10,194		1,146,315
S&P Global, Inc. (a)		1,620		688,322
Visa, Inc. - Class A (a)		15,730		3,503,858
				23,636,117
TELECOMMUNICATIONS - 2.6%
AT&T, Inc.		172,926		4,670,731
Lumen Technologies, Inc. (a)		47,328		586,394
T-Mobile US, Inc. (b)		3,980		508,485
Verizon Communications, Inc.		89,000		4,806,890
				10,572,500
TRANSPORTATION & LOGISTICS - 2.1%
Alaska Air Group, Inc. (b)		9,130		535,018

Schedule of Portfolio Investments (Continued)
Praxis Value Index Fund
COMMON STOCKS - 98.3% (Continued)	Shares		Fair Value
TRANSPORTATION & LOGISTICS - 2.1% (Continued)
American Airlines Group, Inc. (a)(b)		23,560	$	483,451
C.H. Robinson Worldwide, Inc. (a)		6,070		528,090
CSX Corp.		22,190		659,931
Delta Air Lines, Inc. (b)		11,410		486,180
FedEx Corp.		3,340		732,429
J.B. Hunt Transport Services, Inc.		4,690		784,262
Norfolk Southern Corp.		2,680		641,190
Southwest Airlines Co. (b)		8,950		460,298
Union Pacific Corp.		9,130		1,789,571
United Airlines Holdings, Inc. (b)		12,530		596,052
United Parcel Service, Inc. - Class B		4,000		728,400
				8,424,872
TRANSPORTATION EQUIPMENT - 0.2%
PACCAR, Inc.		5,090		401,703
Westinghouse Air Brake Technologies Corp. (a)		4,610		397,428
				799,131
WHOLESALE - CONSUMER STAPLES - 0.3%
Sysco Corp.		13,680		1,073,880
WHOLESALE - DISCRETIONARY - 0.2%
LKQ Corp. (b)		15,760		793,043
TOTAL COMMON STOCKS (COST $297,116,053)			$	394,934,464

CORPORATE NOTES - 0.9%	Coupon			Maturity		Principal Amount		Fair Value
COMMUNITY DEVELOPMENT - 0.9%
Calvert Social Investment Foundation, Inc. (c)		2.000	%		06/15/22	$	280,000	$	280,000
Calvert Social Investment Foundation, Inc. (c)		3.000	%		06/15/23		450,000		450,000
Calvert Social Investment Foundation, Inc. (c)		3.000	%		12/15/23		720,000		720,000
Calvert Social Investment Foundation, Inc. (c)		1.000	%		06/14/24		750,000		750,000
Calvert Social Investment Foundation, Inc. (c)		3.000	%		06/17/24		280,000		280,000
Calvert Social Investment Foundation, Inc. (c)		3.000	%		12/15/24		250,000		250,000
Calvert Social Investment Foundation, Inc. (c)		2.500	%		06/13/25		280,000		279,440

Schedule of Portfolio Investments (Continued)

Praxis Value Index Fund

CORPORATE NOTES - 0.9% (Continued)	Coupon			Maturity		Principal Amount		Fair Value
COMMUNITY DEVELOPMENT - 0.9% (Continued)
Calvert Social Investment Foundation, Inc. (c)		2.500	%		12/15/25	$	450,000	$	450,000
TOTAL CORPORATE NOTES (COST $3,460,000)								$	3,459,440

MONEY MARKET FUNDS - 0.7%	Shares		Fair Value
First American Government Obligations Fund - Class X, 0.03% (d) (COST $2,662,640)		2,662,640	$	2,662,640

COLLATERAL FOR SECURITIES LOANED - 7.0%	Shares		Fair Value
Mount Vernon Liquid Assets Portfolio, LLC, 0.09% (d)(e) (COST $28,307,708)		28,307,708	$	28,307,708
TOTAL INVESTMENTS - (COST $331,546,401) - 106.9%			$	429,364,252
LIABILITIES IN EXCESS OF OTHER ASSETS - (6.9%)				(27,759,728	)
NET ASSETS - 100.0%			$	401,604,524

(a)	All or a portion of the security is on loan.  The total value of the securities on loan as of September 30, 2021 was $27,006,226.
(b)	Non-income producing security.
(c)	Restricted and illiquid securities not registered under the Securities Act of 1933 are as follows:

	Acquisition	Current		Fair		% of Net
	Date	Cost		Value		Assets
Calvert Social Investment Foundation, Inc.  2.000%, 06/15/22	06/17/19	$	280,000	$	280,000		0.1	%
Calvert Social Investment Foundation, Inc.  3.000%, 06/15/23	06/18/18		450,000		450,000		0.1	%
Calvert Social Investment Foundation, Inc.  3.000%, 12/15/23	12/17/18		720,000		720,000		0.2	%
Calvert Social Investment Foundation, Inc.  1.000%, 06/14/24	06/15/21		750,000		750,000		0.2	%
Calvert Social Investment Foundation, Inc.  3.000%, 06/17/24	06/17/19		280,000		280,000		0.1	%
Calvert Social Investment Foundation, Inc.  3.000%, 12/15/24	12/12/19		250,000		250,000		0.0	%(f)
Calvert Social Investment Foundation, Inc.  2.500%, 06/13/25	06/12/20		280,000		279,440		0.1	%
Calvert Social Investment Foundation, Inc.  2.500%, 12/15/25	12/15/20		450,000		450,000		0.1	%
		$	3,460,000	$	3,459,440		0.9	%

(d)	The rate shown is the 7-day effective yield as of September 30, 2021.
(e)	The security was purchased with cash collateral held from securities on loan.
(f)	Percentage rounds to less than 0.1%.

plc - Public Liability

Schedule of Portfolio Investments
Praxis Growth Index Fund
September 30, 2021 (Unaudited)
COMMON STOCKS - 99.0%	Shares		Fair Value
APPAREL & TEXTILE PRODUCTS - 0.7%
NIKE, Inc. - Class B		21,587	$	3,135,080
ASSET MANAGEMENT - 0.5%
BlackRock, Inc.		2,233		1,872,728
T. Rowe Price Group, Inc.		1,940		381,598
				2,254,326
AUTOMOTIVE - 3.0%
Tesla, Inc. (a)		18,060		14,005,169
BANKING - 0.1%
SVB Financial Group (a)		800		517,504
BEVERAGES - 1.0%
Coca-Cola Co. (The)		30,210		1,585,118
PepsiCo, Inc.		19,670		2,958,565
				4,543,683
BIOTECH & PHARMA - 4.2%
AbbVie, Inc.		28,751		3,101,370
Amgen, Inc.		6,134		1,304,395
Biogen, Inc. (a)		1,280		362,227
Bristol-Myers Squibb Co.		28,376		1,679,008
Eli Lilly & Co.		10,580		2,444,509
Incyte Corp. (a)		8,757		602,306
Johnson & Johnson		20,108		3,247,442
Merck & Co., Inc.		24,871		1,868,061
Moderna, Inc. (a)		1,590		611,927
Organon & Co.		207		6,788
Regeneron Pharmaceuticals, Inc. (a)		2,501		1,513,555
Vertex Pharmaceuticals, Inc. (a)		5,704		1,034,649
Zoetis, Inc.		8,600		1,669,604
				19,445,841
CABLE & SATELLITE - 1.2%
Charter Communications, Inc. - Class A (a)(b)		3,722		2,707,978
Comcast Corp. - Class A		53,294		2,980,734
				5,688,712
CHEMICALS - 1.4%
Air Products & Chemicals, Inc.		4,148		1,062,344

Schedule of Portfolio Investments (Continued)
Praxis Growth Index Fund
COMMON STOCKS - 99.0% (Continued)	Shares		Fair Value
CHEMICALS - 1.4% (Continued)
Dow, Inc.		8,087	$	465,488
Ecolab, Inc.		2,074		432,678
Linde plc		11,878		3,484,767
Sherwin-Williams Co. (The)		3,471		970,943
				6,416,220
COMMERCIAL SUPPORT SERVICES - 0.2%
Waste Management, Inc.		6,124		914,681
CONTAINERS & PACKAGING - 0.2%
Ball Corp.		8,283		745,221
DIVERSIFIED INDUSTRIALS - 0.3%
Illinois Tool Works, Inc.		5,784		1,195,148
E-COMMERCE DISCRETIONARY - 6.5%
Amazon.com, Inc. (a)		8,700		28,579,848
eBay, Inc.		10,955		763,235
Etsy, Inc. (a)		3,530		734,099
				30,077,182
ELECTRIC UTILITIES - 0.3%
Eversource Energy		6,420		524,899
NextEra Energy, Inc.		11,334		889,946
				1,414,845
ELECTRICAL EQUIPMENT - 1.2%
Amphenol Corp. - Class A		7,872		576,466
Carrier Global Corp.		9,910		512,941
Generac Holdings, Inc. (a)		1,590		649,785
Keysight Technologies, Inc. (a)		4,941		811,757
Otis Worldwide Corp.		5,220		429,502
Rockwell Automation, Inc.		2,298		675,704
Roper Technologies, Inc.		1,699		757,975
TE Connectivity Ltd.		5,030		690,217
Trane Technologies plc		2,180		376,377
				5,480,724
ENTERTAINMENT CONTENT - 0.3%
Activision Blizzard, Inc.		160		12,382
Electronic Arts, Inc.		5,055		719,074

Schedule of Portfolio Investments (Continued)
Praxis Growth Index Fund
COMMON STOCKS - 99.0% (Continued)	Shares		Fair Value
ENTERTAINMENT CONTENT - 0.3% (Continued)
Walt Disney Co. (The) (a)		2,553	$	431,891
				1,163,347
FOOD - 0.1%
General Mills, Inc.		8,970		536,585
GAS & WATER UTILITIES - 0.1%
American Water Works Co., Inc.		3,780		638,971
HEALTH CARE FACILITIES & SERVICES - 2.0%
AmerisourceBergen Corp.		190		22,695
Anthem, Inc.		1,300		484,640
Catalent, Inc. (a)		2,980		396,548
Cigna Corp.		60		12,010
DaVita, Inc. (a)		5,090		591,763
HCA Healthcare, Inc.		2,590		628,645
Henry Schein, Inc. (a)		8,130		619,181
Humana, Inc.		1,060		412,499
IQVIA Holdings, Inc. (a)		2,768		663,047
Laboratory Corp. of America Holdings (a)		1,440		405,274
McKesson Corp.		3,370		671,911
UnitedHealth Group, Inc.		11,450		4,473,973
				9,382,186
HOME CONSTRUCTION - 0.2%
D.R. Horton, Inc.		6,078		510,370
Masco Corp.		8,006		444,733
				955,103
HOUSEHOLD PRODUCTS - 1.3%
Church & Dwight Co., Inc.		6,461		533,485
Colgate-Palmolive Co.		9,857		744,992
Estée Lauder Cos., Inc. (The) - Class A		3,409		1,022,461
Procter & Gamble Co. (The)		26,417		3,693,097
				5,994,035
INDUSTRIAL SUPPORT SERVICES - 0.3%
Fastenal Co.		11,534		595,270
United Rentals, Inc. (a)		1,490		522,885
W.W. Grainger, Inc.		1,230		483,464
				1,601,619

Schedule of Portfolio Investments (Continued)
Praxis Growth Index Fund
COMMON STOCKS - 99.0% (Continued)	Shares		Fair Value
INSTITUTIONAL FINANCIAL SERVICES - 0.2%
Intercontinental Exchange, Inc.		5,221	$	599,475
Nasdaq, Inc.		2,270		438,156
				1,037,631
INSURANCE - 0.4%
Marsh & McLennan Cos., Inc.		8,240		1,247,783
Progressive Corp. (The)		7,258		656,051
				1,903,834
INTERNET MEDIA & SERVICES - 13.4%
Alphabet, Inc. - Class A (a)		5,155		13,781,996
Alphabet, Inc. - Class C (a)		7,156		19,072,958
Booking Holdings, Inc. (a)		445		1,056,372
Expedia Group, Inc. (a)		30		4,917
Facebook, Inc. - Class A (a)		59,345		20,141,100
Netflix, Inc. (a)		10,752		6,562,376
Twitter, Inc. (a)		19,770		1,193,910
				61,813,629
LEISURE FACILITIES & SERVICES - 1.0%
Chipotle Mexican Grill, Inc. (a)		617		1,121,410
Domino's Pizza, Inc.		1,410		672,514
McDonald's Corp.		4,737		1,142,138
Starbucks Corp.		14,692		1,620,674
Yum! Brands, Inc.		2,384		291,587
				4,848,323
MACHINERY - 0.6%
Deere & Co.		6,786		2,273,785
Xylem, Inc.		3,320		410,618
				2,684,403
MEDICAL EQUIPMENT & DEVICES - 5.9%
Abbott Laboratories		23,826		2,814,565
Agilent Technologies, Inc.		8,185		1,289,383
Align Technology, Inc. (a)		1,711		1,138,551
Bio-Rad Laboratories, Inc. - Class A (a)		1,000		745,950
Cooper Cos., Inc. (The)		1,161		479,853
Danaher Corp.		14,004		4,263,378
DexCom, Inc. (a)		2,750		1,503,865
Edwards Lifesciences Corp. (a)		7,610		861,528
Hologic, Inc. (a)		6,559		484,120
IDEXX Laboratories, Inc. (a)		2,060		1,281,114

Schedule of Portfolio Investments (Continued)
Praxis Growth Index Fund
COMMON STOCKS - 99.0% (Continued)	Shares		Fair Value
MEDICAL EQUIPMENT & DEVICES - 5.9% (Continued)
Illumina, Inc. (a)		2,758	$	1,118,672
Intuitive Surgical, Inc. (a)		360		357,894
Mettler-Toledo International, Inc. (a)		960		1,322,265
PerkinElmer, Inc.		4,400		762,476
ResMed, Inc.		3,458		911,356
Thermo Fisher Scientific, Inc.		10,795		6,167,507
Waters Corp. (a)		1,646		588,116
West Pharmaceutical Services, Inc.		2,490		1,057,105
				27,147,698
METALS & MINING - 0.1%
Newmont Corp.		6,860		372,498
REAL ESTATE SERVICES - 0.4%
CBRE Group, Inc. - Class A (a)		17,813		1,734,274
REITS - 1.3%
American Tower Corp.		5,412		1,436,399
Crown Castle International Corp.		6,699		1,161,071
Equinix, Inc.		1,687		1,332,949
Extra Space Storage, Inc.		2,720		456,933
Prologis, Inc.		3,257		408,525
Public Storage		2,570		763,547
SBA Communications Corp.		1,668		551,391
				6,110,815
RETAIL - CONSUMER STAPLES - 1.3%
Costco Wholesale Corp.		5,743		2,580,617
Dollar General Corp.		7,323		1,553,501
Target Corp.		8,164		1,867,679
				6,001,797
RETAIL - DISCRETIONARY - 3.0%
AutoZone, Inc. (a)		469		796,357
Bath & Body Works, Inc.		10,790		680,094
Home Depot, Inc. (The)		21,556		7,075,972
Lowe's Cos., Inc.		14,179		2,876,352
O'Reilly Automotive, Inc. (a)		1,750		1,069,355
Ross Stores, Inc.		2,715		295,528
TJX Cos., Inc. (The)		6,093		402,016

Schedule of Portfolio Investments (Continued)
Praxis Growth Index Fund
COMMON STOCKS - 99.0% (Continued)	Shares		Fair Value
RETAIL - DISCRETIONARY - 3.0% (Continued)
Tractor Supply Co. (b)		2,070	$	419,403
Ulta Beauty, Inc. (a)		1,070		386,184
				14,001,261
SEMICONDUCTORS - 7.5%
Advanced Micro Devices, Inc. (a)		29,581		3,043,885
Analog Devices, Inc.		6,264		1,049,095
Applied Materials, Inc.		22,756		2,929,380
Broadcom, Inc.		6,519		3,161,259
KLA Corp.		4,142		1,385,540
Lam Research Corp.		3,673		2,090,488
Microchip Technology, Inc.		2,570		394,469
Monolithic Power Systems, Inc.		1,810		877,271
NVIDIA Corp.		61,236		12,685,650
QUALCOMM, Inc.		28,060		3,619,179
Texas Instruments, Inc.		15,207		2,922,937
Xilinx, Inc.		4,239		640,046
				34,799,199
SOFTWARE - 17.5%
Adobe, Inc. (a)		14,127		8,133,196
ANSYS, Inc. (a)		1,628		554,253
Autodesk, Inc. (a)		4,686		1,336,307
Cadence Design Systems, Inc. (a)		11,834		1,792,141
Citrix Systems, Inc.		962		103,290
Fortinet, Inc. (a)		4,150		1,211,966
Intuit, Inc.		8,000		4,316,080
Microsoft Corp.		168,288		47,443,753
Oracle Corp.		28,780		2,507,601
Paycom Software, Inc. (a)		1,270		629,602
salesforce.com, inc. (a)		25,477		6,909,872
ServiceNow, Inc. (a)		5,223		3,250,116
Synopsys, Inc. (a)		6,470		1,937,183
Tyler Technologies, Inc. (a)		1,360		623,764
				80,749,124
TECHNOLOGY HARDWARE - 11.1%
Apple, Inc.		351,448		49,729,892
Arista Networks, Inc. (a)		1,860		639,170
Cisco Systems, Inc.		7,030		382,643

Schedule of Portfolio Investments (Continued)
Praxis Growth Index Fund
COMMON STOCKS - 99.0% (Continued)	Shares		Fair Value
TECHNOLOGY HARDWARE - 11.1% (Continued)
Zebra Technologies Corp. - Class A (a)		1,267	$	653,037
				51,404,742
TECHNOLOGY SERVICES - 8.0%
Accenture plc - Class A		18,389		5,883,009
Automatic Data Processing, Inc.		7,780		1,555,378
Broadridge Financial Solutions, Inc.		2,596		432,597
Fiserv, Inc. (a)		9,656		1,047,676
Gartner, Inc. (a)		1,430		434,548
IHS Markit Ltd.		6,627		772,841
Jack Henry & Associates, Inc. (b)		3,810		625,069
Mastercard, Inc. - Class A		16,976		5,902,216
Moody's Corp.		3,375		1,198,496
MSCI, Inc.		1,797		1,093,187
PayPal Holdings, Inc. (a)		33,047		8,599,160
S&P Global, Inc. (b)		6,654		2,827,218
Verisk Analytics, Inc.		3,035		607,819
Visa, Inc. - Class A (b)		27,913		6,217,621
				37,196,835
TELECOMMUNICATIONS - 0.2%
T-Mobile US, Inc. (a)		8,780		1,121,733
TRANSPORTATION & LOGISTICS - 1.7%
CSX Corp.		28,911		859,813
FedEx Corp.		4,000		877,160
J.B. Hunt Transport Services, Inc.		2,270		379,589
Norfolk Southern Corp.		2,169		518,933
Old Dominion Freight Line, Inc.		4,700		1,344,106
Union Pacific Corp.		6,861		1,344,825
United Parcel Service, Inc. - Class B		13,705		2,495,681
				7,820,107
WHOLESALE - DISCRETIONARY - 0.3%
Copart, Inc. (a)		5,108		708,582
Pool Corp.		1,190		516,948
				1,225,530
TOTAL COMMON STOCKS (COST $184,545,034)			$	458,079,615

Schedule of Portfolio Investments (Continued)
Praxis Growth Index Fund
CORPORATE NOTES - 0.9%	Coupon			Maturity		Principal Amount		Fair Value
COMMUNITY DEVELOPMENT - 0.9%
Calvert Social Investment Foundation, Inc. (c)		2.000	%		06/15/22	$	550,000	$	550,000
Calvert Social Investment Foundation, Inc. (c)		3.000	%		06/15/23		900,000		900,000
Calvert Social Investment Foundation, Inc. (c)		3.000	%		12/15/23		200,000		200,000
Calvert Social Investment Foundation, Inc. (c)		1.000	%		06/14/24		520,000		520,000
Calvert Social Investment Foundation, Inc. (c)		3.000	%		06/17/24		550,000		550,000
Calvert Social Investment Foundation, Inc. (c)		3.000	%		12/15/24		150,000		150,000
Calvert Social Investment Foundation, Inc. (c)		2.500	%		06/13/25		670,000		668,660
Calvert Social Investment Foundation, Inc. (c)		2.500	%		12/15/25		500,000		500,000
TOTAL CORPORATE NOTES (COST $4,040,000)								$	4,038,660

MONEY MARKET FUNDS - 0.1%	Shares		Fair Value
First American Government Obligations Fund - Class X, 0.03% (d) (COST $656,601)		656,601	$	656,601

Schedule of Portfolio Investments (Continued)
Praxis Growth Index Fund
COLLATERAL FOR SECURITIES LOANED - 2.7%	Shares		Fair Value
Mount Vernon Liquid Assets Portfolio, LLC, 0.09% (d)(e) (COST $12,525,642)		12,525,642	$	12,525,642
TOTAL INVESTMENTS - (COST $201,767,277) - 102.7%			$	475,300,518
LIABILITIES IN EXCESS OF OTHER ASSETS - (2.7%)				(12,641,857	)
NET ASSETS - 100.0%			$	462,658,661

(a)	Non-income producing security.
(b)	All or a portion of the security is on loan.  The total value of the securities on loan as of September 30, 2021 was $12,126,488.
(c)	Restricted and illiquid securities not registered under the Securities Act of 1933 are as follows:

	Acquisition	Current		Fair		% of Net
	Date	Cost		Value		Assets
Calvert Social Investment Foundation, Inc.  2.000%, 06/15/22	06/17/19	$	550,000	$	550,000		0.1	%
Calvert Social Investment Foundation, Inc.  3.000%, 06/15/23	06/18/18		900,000		900,000		0.2	%
Calvert Social Investment Foundation, Inc.  3.000%, 12/15/23	12/17/18		200,000		200,000		0.1	%
Calvert Social Investment Foundation, Inc.  1.000%, 06/14/24	06/15/21		520,000		520,000		0.1	%
Calvert Social Investment Foundation, Inc.  3.000%, 06/17/24	06/17/19		550,000		550,000		0.1	%
Calvert Social Investment Foundation, Inc.  3.000%, 12/15/24	12/12/19		150,000		150,000		0.0	%(f)
Calvert Social Investment Foundation, Inc.  2.500%, 06/13/25	06/12/20		670,000		668,660		0.2	%
Calvert Social Investment Foundation, Inc.  2.500%, 12/15/25	12/15/20		500,000		500,000		0.1	%
		$	4,040,000	$	4,038,660		0.9	%

(d)	The rate shown is the 7-day effective yield as of September 30, 2021.
(e)	The security was purchased with cash collateral held from securities on loan.
(f)	Percentage rounds to less than 0.1%.

plc - Public Liability Company

Schedule of Portfolio Investments

Praxis Small Cap Index Fund

September 30, 2021 (Unaudited)

COMMON STOCKS - 98.6%	Shares		Fair Value
ADVERTISING & MARKETING - 0.1%
QuinStreet, Inc. (a)		7,790	$	136,792
AEROSPACE & DEFENSE - 0.2%
Barnes Group, Inc.		2,800		116,844
Park Aerospace Corp.		12,250		167,580
				284,424
APPAREL & TEXTILE PRODUCTS - 1.2%
Fossil Group, Inc. (a)		15,270		180,949
Kontoor Brands, Inc. (b)		7,330		366,134
Movado Group, Inc.		6,810		214,447
Oxford Industries, Inc. (b)		3,465		312,439
Steven Madden Ltd.		11,935		479,310
Wolverine World Wide, Inc.		13,500		402,840
				1,956,119
ASSET MANAGEMENT - 0.4%
Blucora, Inc. (a)		15,340		239,151
BrightSphere Investment Group, Inc.		7,030		183,694
Virtus Investment Partners, Inc.		920		285,494
				708,339
AUTOMOTIVE - 1.0%
American Axle & Manufacturing Holdings, Inc. (a)		25,710		226,505
Dorman Products, Inc. (a)		4,390		415,601
Gentherm, Inc. (a)		4,820		390,083
Methode Electronics, Inc. (b)		8,170		343,548
Standard Motor Products, Inc.		3,290		143,806
				1,519,543
BANKING - 12.0%
Allegiance Bancshares, Inc.		6,260		238,819
Ameris Bancorp		10,274		533,015
Axos Financial, Inc. (a)		8,590		442,729
Banc of California, Inc.		10,340		191,187
BancFirst Corp.		4,170		250,700
Bancorp, Inc. (The) (a)		9,800		249,410
BankUnited, Inc. (b)		14,690		614,336
Banner Corp.		6,070		335,125
Berkshire Hills Bancorp, Inc. (b)		14,650		395,257
Cadence BanCorp.		22,220		487,951

Schedule of Portfolio Investments (Continued)

Praxis Small Cap Index Fund

COMMON STOCKS - 98.6% (Continued)	Shares		Fair Value
BANKING - 12.0% (Continued)
Capitol Federal Financial, Inc.		21,140	$	242,899
Central Pacific Financial Corp.		6,990		179,503
City Holding Co.		2,750		214,252
Columbia Banking System, Inc.		7,680		291,763
Community Bank System, Inc.		8,660		592,517
Customers Bancorp, Inc. (a)		9,930		427,189
CVB Financial Corp.		7,960		162,145
Dime Community Bancshares, Inc.		12,479		407,564
Eagle Bancorp, Inc.		5,790		332,925
FB Financial Corp.		3,776		161,915
First BanCorp.		38,970		512,455
First Bancorp/NC		5,760		247,738
First Commonwealth Financial Corp.		4,850		66,105
First Financial Bancorp		15,720		368,005
First Hawaiian, Inc.		23,640		693,834
First Midwest Bancorp, Inc.		7,440		141,434
Flagstar Bancorp, Inc.		6,160		312,805
Great Western Bancorp, Inc.		3,790		124,085
Hanmi Financial Corp.		9,870		197,992
Heritage Financial Corp.		6,310		160,905
Hilltop Holdings, Inc. (b)		6,640		216,929
HomeStreet, Inc.		5,810		239,082
Hope Bancorp, Inc.		22,210		320,712
Independent Bank Corp. (b)		5,580		424,917
Independent Bank Group, Inc.		4,980		353,779
Investors Bancorp, Inc.		24,820		375,030
Lakeland Financial Corp. (b)		3,600		256,464
Meta Financial Group, Inc.		6,750		354,240
National Bank Holdings Corp. - Class A		6,570		265,954
NBT Bancorp, Inc.		7,000		252,840
Northfield Bancorp, Inc.		14,500		248,820
Northwest Bancshares, Inc.		15,930		211,550
OFG Bancorp		7,240		182,593
Old National Bancorp		29,470		499,517
Pacific Premier Bancorp, Inc. (b)		15,026		622,677
Park National Corp. (b)		2,050		249,998
Preferred Bank		2,910		194,039
Provident Financial Services, Inc.		9,430		221,322

Schedule of Portfolio Investments (Continued)

Praxis Small Cap Index Fund

COMMON STOCKS - 98.6% (Continued)	Shares		Fair Value
BANKING - 12.0% (Continued)
Renasant Corp.		9,410	$	339,231
Seacoast Banking Corp. of Florida		8,510		287,723
ServisFirst Bancshares, Inc. (b)		10,670		830,126
Simmons First National Corp. - Class A (b)		11,420		337,575
Southside Bancshares, Inc.		4,987		190,952
Triumph Bancorp, Inc. (a)		5,040		504,655
TrustCo Bank Corp.		4,766		152,369
United Community Banks, Inc.		12,060		395,809
Veritex Holdings, Inc.		13,050		513,648
Westamerica Bancorp.		2,220		124,897
WSFS Financial Corp.		5,460		280,153
				19,024,160
BEVERAGES - 0.7%
Celsius Holdings, Inc. (a)(b)		5,710		514,414
Coca-Cola Consolidated, Inc. (b)		830		327,169
National Beverage Corp.		4,440		233,056
				1,074,639
BIOTECH & PHARMA - 2.3%
Cara Therapeutics, Inc. (a)		7,860		121,437
Coherus Biosciences, Inc. (a)(b)		11,690		187,858
Cytokinetics, Inc. (a)(b)		13,900		496,786
Eagle Pharmaceuticals, Inc. (a)		3,150		175,707
Enanta Pharmaceuticals, Inc. (a)		2,580		146,570
Endo International plc (a)		25,190		81,615
Heska Corp. (a)		1,950		504,153
Innoviva, Inc. (a)(b)		11,970		200,019
Ligand Pharmaceuticals, Inc. (a)		1,010		140,713
Organogenesis Holdings, Inc. (a)(b)		14,360		204,486
REGENXBIO, Inc. (a)		5,140		215,469
Supernus Pharmaceuticals, Inc. (a)		4,660		124,282
uniQure N.V. (a)		26,770		856,908
Vanda Pharmaceuticals, Inc. (a)(b)		10,890		186,655
				3,642,658
CHEMICALS - 3.4%
AdvanSix, Inc. (a)		7,480		297,330
Balchem Corp.		5,600		812,392
FutureFuel Corp. (b)		18,910		134,828
GCP Applied Technologies, Inc. (a)		6,470		141,823

Schedule of Portfolio Investments (Continued)

Praxis Small Cap Index Fund

COMMON STOCKS - 98.6% (Continued)	Shares		Fair Value
CHEMICALS - 3.4% (Continued)
H.B. Fuller Co.		10,240	$	661,095
Innospec, Inc.		1,970		165,913
Lydall, Inc. (a)		1,890		117,350
Materion Corp.		2,060		141,398
Quaker Chemical Corp. (b)		2,730		648,976
Rogers Corp. (a)		3,610		673,193
Stepan Co.		3,960		447,242
Trinseo S.A.		11,030		595,399
WD-40 Co.		2,500		578,700
				5,415,639
COMMERCIAL SUPPORT SERVICES - 3.8%
ABM Industries, Inc.		13,350		600,883
AMN Healthcare Services, Inc. (a)		9,180		1,053,405
Brady Corp. - Class A		20,720		1,050,504
CorVel Corp. (a)		2,390		445,066
Harsco Corp. (a)		14,500		245,775
Heidrick & Struggles International, Inc.		6,300		281,169
Kelly Services, Inc. - Class A		11,930		225,238
Korn Ferry		8,880		642,557
TrueBlue, Inc. (a)		23,390		633,401
UniFirst Corp.		1,790		380,590
US Ecology, Inc. (a)		5,630		182,131
Viad Corp. (a)(b)		5,500		249,755
				5,990,474
CONSTRUCTION MATERIALS - 0.1%
Apogee Enterprises, Inc.		4,720		178,227
CONSUMER SERVICES - 1.3%
Adtalem Global Education, Inc. (a)		20,790		786,070
American Public Education, Inc. (a)		5,580		142,904
Medifast, Inc. (b)		1,800		346,752
Perdoceo Education Corp. (a)(b)		16,740		176,775
Regis Corp. (a)		39,730		138,260
Strategic Education, Inc.		4,060		286,230
WW International, Inc. (a)		6,740		123,005
				1,999,996
CONTAINERS & PACKAGING - 0.4%
Myers Industries, Inc.		16,320		319,382

Schedule of Portfolio Investments (Continued)

Praxis Small Cap Index Fund

COMMON STOCKS - 98.6% (Continued)	Shares		Fair Value
CONTAINERS & PACKAGING - 0.4% (Continued)
O-I Glass, Inc. (a)		22,780	$	325,071
				644,453
E-COMMERCE DISCRETIONARY - 0.3%
Liquidity Services, Inc. (a)		12,680		274,015
PetMed Express, Inc. (b)		8,210		220,603
				494,618
ELECTRIC UTILITIES - 0.3%
Avista Corp.		5,700		222,984
Unitil Corp.		7,690		328,978
				551,962
ELECTRICAL EQUIPMENT - 3.1%
AAON, Inc. (b)		8,190		535,135
Advanced Energy Industries, Inc. (b)		6,290		551,947
Alarm.com Holdings, Inc. (a)		7,330		573,133
Badger Meter, Inc.		6,300		637,182
FARO Technologies, Inc. (a)		5,290		348,135
Itron, Inc. (a)		8,320		629,242
Mesa Laboratories, Inc. (b)		1,460		441,446
OSI Systems, Inc. (a)		2,550		241,740
SPX Corp. (a)		7,870		420,651
Watts Water Technologies, Inc. - Class A		3,660		615,209
				4,993,820
ENGINEERING & CONSTRUCTION - 1.3%
Arcosa, Inc.		5,970		299,515
Comfort Systems USA, Inc.		5,920		422,214
Exponent, Inc.		5,980		676,637
Granite Construction, Inc.		7,530		297,811
Installed Building Products, Inc. (b)		3,410		365,382
				2,061,559
ENTERTAINMENT CONTENT - 0.1%
AMC Networks, Inc. - Class A (a)		4,380		204,064
FOOD - 0.8%
B&G Foods, Inc. (b)		10,010		299,199
J & J Snack Foods Corp.		1,360		207,835
Simply Good Foods Co. (The) (a)		10,360		357,317
TreeHouse Foods, Inc. (a)		6,440		256,827

Schedule of Portfolio Investments (Continued)

Praxis Small Cap Index Fund

COMMON STOCKS - 98.6% (Continued)	Shares		Fair Value
FOOD - 0.8% (Continued)
USANA Health Sciences, Inc. (a)(b)		2,410	$	222,202
				1,343,380
FORESTRY, PAPER & WOOD PRODUCTS - 1.2%
Boise Cascade Co. (b)		7,010		378,400
Domtar Corp. (a)		7,000		381,780
Glatfelter Corp.		11,660		164,406
Mercer International, Inc.		15,200		176,168
Neenah, Inc.		4,380		204,152
UFP Industries, Inc.		9,070		616,578
				1,921,484
GAS & WATER UTILITIES - 1.8%
American States Water Co.		9,030		772,246
California Water Service Group		18,130		1,068,401
Middlesex Water Co.		6,200		637,236
South Jersey Industries, Inc.		15,670		333,144
				2,811,027
HEALTH CARE FACILITIES & SERVICES - 3.7%
Addus HomeCare Corp. (a)		2,750		219,312
Community Health Systems, Inc. (a)(b)		11,490		134,433
Covetrus, Inc. (a)		21,810		395,633
Ensign Group, Inc. (The)		8,010		599,869
Fulgent Genetics, Inc. (a)		2,920		262,654
Joint Corp. (The) (a)		3,290		322,486
Magellan Health, Inc. (a)		4,370		413,183
MEDNAX, Inc. (a)		17,590		500,084
ModivCare, Inc. (a)		1,030		187,069
NeoGenomics, Inc. (a)(b)		17,840		860,602
Owens & Minor, Inc. (b)		12,410		388,309
Pennant Group, Inc. (The) (a)		4,650		130,619
Prestige Consumer Healthcare, Inc. (a)		6,630		372,009
RadNet, Inc. (a)		11,320		331,789
Select Medical Holdings Corp.		16,840		609,103
U.S. Physical Therapy, Inc.		2,080		230,048
				5,957,202
HOME & OFFICE PRODUCTS - 0.6%
HNI Corp. (b)		11,550		424,116
iRobot Corp. (a)(b)		3,560		279,460

Schedule of Portfolio Investments (Continued)

Praxis Small Cap Index Fund

COMMON STOCKS - 98.6% (Continued)	Shares		Fair Value
HOME & OFFICE PRODUCTS - 0.6% (Continued)
Tupperware Brands Corp. (a)		12,090	$	255,341
				958,917
HOME CONSTRUCTION - 2.2%
American Woodmark Corp. (a)		2,505		163,752
Cavco Industries, Inc. (a)(b)		1,500		355,110
Century Communities, Inc.		4,430		272,223
Interface, Inc.		24,160		366,024
LGI Homes, Inc. (a)(b)		3,980		564,802
M/I Homes, Inc. (a)		3,510		202,878
MDC Holdings, Inc.		10,555		493,130
Meritage Homes Corp. (a)		6,110		592,670
Patrick Industries, Inc.		4,460		371,518
PGT Innovations, Inc. (a)		9,950		190,045
				3,572,152
HOUSEHOLD PRODUCTS - 0.7%
Central Garden & Pet Co. (a)		4,610		221,280
Clearwater Paper Corp. (a)		6,100		233,813
e.l.f. Beauty, Inc. (a)		8,410		244,311
Inter Parfums, Inc.		2,400		179,448
Quanex Building Products Corp.		11,930		255,421
				1,134,273
INDUSTRIAL INTERMEDIATE PRODUCTS - 1.8%
AZZ, Inc.		4,910		261,212
Chart Industries, Inc. (a)(b)		5,510		1,053,016
Gibraltar Industries, Inc. (a)		5,860		408,149
Insteel Industries, Inc.		5,610		213,461
Proto Labs, Inc. (a)		3,270		217,782
Raven Industries, Inc. (a)		9,680		557,665
Standex International Corp.		2,030		200,787
				2,912,072
INDUSTRIAL SUPPORT SERVICES - 1.0%
Applied Industrial Technologies, Inc.		8,380		755,290
DXP Enterprises, Inc. (a)		5,460		161,452
Resideo Technologies, Inc. (a)(b)		24,870		616,527
				1,533,269
INSTITUTIONAL FINANCIAL SERVICES - 0.4%
Piper Sandler Cos. (b)		3,730		516,456

Schedule of Portfolio Investments (Continued)

Praxis Small Cap Index Fund

COMMON STOCKS - 98.6% (Continued)	Shares		Fair Value
INSTITUTIONAL FINANCIAL SERVICES - 0.4% (Continued)
StoneX Group, Inc. (a)		2,410	$	158,819
				675,275
INSURANCE - 1.7%
Ambac Financial Group, Inc. (a)		16,620		237,998
American Equity Investment Life Holding Co.		9,790		289,490
Assured Guaranty Ltd.		6,380		298,648
eHealth, Inc. (a)		4,420		179,010
Employers Holdings, Inc.		3,240		127,948
Genworth Financial, Inc. - Class A (a)		56,590		212,212
Horace Mann Educators Corp.		5,790		230,384
NMI Holdings, Inc. - Class A (a)		9,380		212,082
Palomar Holdings, Inc. (a)		2,530		204,500
ProAssurance Corp.		3,030		72,053
SelectQuote, Inc. (a)		19,170		247,868
Trupanion, Inc. (a)		4,550		353,399
				2,665,592
INTERNET MEDIA & SERVICES - 1.1%
HealthStream, Inc. (a)		5,690		162,620
Shutterstock, Inc.		3,610		409,085
Stamps.com, Inc. (a)		2,760		910,220
TechTarget, Inc. (a)(b)		2,580		212,644
				1,694,569
LEISURE FACILITIES & SERVICES - 1.7%
Bloomin’ Brands, Inc. (a)(b)		12,830		320,750
Brinker International, Inc. (a)		6,840		335,502
Cheesecake Factory, Inc. (The) (a)(b)		5,670		266,490
Chuy's Holdings, Inc. (a)		6,950		219,133
Cinemark Holdings, Inc. (a)(b)		24,860		477,561
Dave & Buster's Entertainment, Inc. (a)		5,980		229,213
Dine Brands Global, Inc. (a)		1,590		129,124
Red Robin Gourmet Burgers, Inc. (a)		9,670		222,990
Shake Shack, Inc. - Class A (a)(b)		5,830		457,422
				2,658,185
LEISURE PRODUCTS - 0.6%
LCI Industries (b)		4,750		639,493
Winnebago Industries, Inc. (b)		3,720		269,514
				909,007

Schedule of Portfolio Investments (Continued)

Praxis Small Cap Index Fund

COMMON STOCKS - 98.6% (Continued)	Shares		Fair Value
MACHINERY - 2.5%
Alamo Group, Inc.		1,800	$	251,154
Astec Industries, Inc.		2,380		128,068
Enerpac Tool Group Corp.		12,470		258,503
ESCO Technologies, Inc.		3,760		289,520
Federal Signal Corp.		5,840		225,541
Franklin Electric Co., Inc.		6,300		503,055
Hillenbrand, Inc.		4,920		209,838
John Bean Technologies Corp. (b)		5,325		748,429
Lindsay Corp.		3,140		476,620
SPX FLOW, Inc.		7,180		524,858
Tennant Co.		3,800		281,010
				3,896,596
MEDICAL EQUIPMENT & DEVICES - 3.7%
AngioDynamics, Inc. (a)		4,320		112,061
Avanos Medical, Inc. (a)(b)		13,540		422,448
BioLife Solutions, Inc. (a)		3,570		151,082
CONMED Corp. (b)		3,920		512,854
Cross Country Healthcare, Inc. (a)		7,760		164,822
Cutera, Inc. (a)		2,430		113,238
Glaukos Corp. (a)		7,100		342,007
Inogen, Inc. (a)		4,340		187,011
Integer Holdings Corp. (a)		4,160		371,654
Lantheus Holdings, Inc. (a)		10,663		273,826
LeMaitre Vascular, Inc.		2,750		145,997
Meridian Bioscience, Inc. (a)		8,520		163,925
Merit Medical Systems, Inc. (a)		8,020		575,836
Myriad Genetics, Inc. (a)(b)		13,280		428,811
Omnicell, Inc. (a)(b)		6,130		909,876
OraSure Technologies, Inc. (a)(b)		14,440		163,316
Tactile Systems Technology, Inc. (a)		3,830		170,244
Varex Imaging Corp. (a)		8,210		231,522
Vericel Corp. (a)(b)		8,820		430,416
				5,870,946
METALS & MINING - 0.8%
Arconic Corp. (a)(b)		14,750		465,215
Century Aluminum Co. (a)		14,780		198,791
Encore Wire Corp.		3,690		349,923

Schedule of Portfolio Investments (Continued)

Praxis Small Cap Index Fund

COMMON STOCKS - 98.6% (Continued)	Shares		Fair Value
METALS & MINING - 0.8% (Continued)
Kaiser Aluminum Corp. (b)		1,740	$	189,590
				1,203,519
OIL & GAS PRODUCERS - 1.0%
Penn Virginia Corp. (a)		13,370		356,578
Range Resources Corp. (a)(b)		55,450		1,254,833
				1,611,411
OIL & GAS SERVICES & EQUIPMENT - 1.7%
Core Laboratories N.V.		39,670		1,100,842
DMC Global, Inc. (a)		3,490		128,816
Matrix Service Co. (a)		96,680		1,011,273
NOW, Inc. (a)		35,760		273,564
U.S. Silica Holdings, Inc. (a)		16,680		133,273
				2,647,768
PUBLISHING & BROADCASTING - 0.7%
E.W. Scripps Co. (The) - Class A		9,180		165,791
Gannett Co., Inc. (a)		44,487		297,173
Meredith Corp. (a)		5,370		299,109
Scholastic Corp.		8,410		299,817
				1,061,890
REAL ESTATE OWNERS & DEVELOPERS - 0.1%
St. Joe Co. (The)		5,140		216,394
REAL ESTATE SERVICES - 0.7%
Centerspace		3,050		288,225
Marcus & Millichap, Inc. (a)		3,450		140,139
RE/MAX Holdings, Inc. - Class A		4,650		144,894
Realogy Holdings Corp. (a)		32,310		566,717
				1,139,975
REITS - 8.9%
Acadia Realty Trust		17,540		357,991
Agree Realty Corp. (b)		9,030		598,057
Alexander & Baldwin, Inc.		14,570		341,521
American Assets Trust, Inc.		6,220		232,752
Armada Hoffler Properties, Inc.		12,440		166,323
ARMOUR Residential REIT, Inc. (b)		16,350		176,253
Brandywine Realty Trust (b)		55,840		749,373
CareTrust REIT, Inc.		12,440		252,781
Chatham Lodging Trust (a)		14,320		175,420

Schedule of Portfolio Investments (Continued)

Praxis Small Cap Index Fund

COMMON STOCKS - 98.6% (Continued)	Shares		Fair Value
REITS - 8.9% (Continued)
Community Healthcare Trust, Inc.		2,550	$	115,234
DiamondRock Hospitality Co. (a)		41,780		394,821
Diversified Healthcare Trust		33,760		114,446
Easterly Government Properties, Inc. (b)		9,670		199,782
Essential Properties Realty Trust, Inc. (b)		14,970		417,962
Four Corners Property Trust, Inc.		13,440		360,998
Franklin Street Properties Corp.		32,340		150,058
Getty Realty Corp.		8,140		238,583
Global Net Lease, Inc. (a)		7,250		116,145
Hersha Hospitality Trust (a)		18,960		176,897
Independence Realty Trust, Inc.		16,080		327,228
Industrial Logistics Properties Trust		9,300		236,313
Innovative Industrial Properties, Inc. (b)		3,480		804,472
iStar, Inc. (b)		14,210		356,387
Kite Realty Group Trust		10,900		221,924
Lexington Realty Trust (b)		32,120		409,530
LTC Properties, Inc.		7,200		228,168
Mack-Cali Realty Corp. (a)		20,870		357,294
Matson, Inc.		7,900		637,609
Office Properties Income Trust		12,790		323,971
Retail Opportunity Investments Corp.		15,690		273,320
Retail Properties of America, Inc. - Class A		45,460		585,525
RPT Realty		19,470		248,437
Safehold, Inc. (b)		3,430		246,583
Saul Centers, Inc.		3,420		150,685
Service Properties Trust		28,290		317,131
SITE Centers Corp.		34,330		530,055
Summit Hotel Properties, Inc. (a)(b)		24,240		233,431
Tanger Factory Outlet Centers, Inc.		19,350		315,405
Two Harbors Investment Corp. (b)		31,850		201,929
Uniti Group, Inc.		35,680		441,362
Universal Health Realty Income Trust		3,390		187,365
Urstadt Biddle Properties, Inc. - Class A		16,730		316,699
Washington Real Estate Investment Trust (b)		21,530		532,868
Xenia Hotel & Resorts, Inc. (a)(b)		18,240		323,578
				14,142,666
RENEWABLE ENERGY - 0.3%
Green Plains, Inc. (a)(b)		3,630		118,520

Schedule of Portfolio Investments (Continued)

Praxis Small Cap Index Fund

COMMON STOCKS - 98.6% (Continued)	Shares		Fair Value
RENEWABLE ENERGY - 0.3% (Continued)
Renewable Energy Group, Inc. (a)		5,840	$	293,168
				411,688
RETAIL - CONSUMER STAPLES - 0.5%
Big Lots, Inc.		5,740		248,886
PriceSmart, Inc.		2,690		208,610
SpartanNash Co. (b)		18,160		397,704
				855,200
RETAIL - DISCRETIONARY - 5.7%
Abercrombie & Fitch Co. - Class A (a)(b)		13,550		509,886
America's Car-Mart, Inc. (a)		2,800		326,984
Asbury Automotive Group, Inc. (a)		3,100		609,894
Barnes & Noble Education, Inc. (a)		10,510		104,995
Bed Bath & Beyond, Inc. (a)(b)		19,560		337,899
Boot Barn Holdings, Inc. (a)(b)		4,560		405,247
Buckle, Inc. (The) (b)		5,380		212,994
Caleres, Inc.		10,210		226,866
Chico's FAS, Inc. (a)(b)		40,780		183,102
Children's Place, Inc. (The) (a)(b)		4,250		319,855
Designer Brands, Inc. - Class A (a)		11,180		155,737
Ethan Allen Interiors, Inc. (b)		16,450		389,865
Genesco, Inc. (a)		3,300		190,509
GMS, Inc. (a)		7,050		308,790
Group 1 Automotive, Inc.		3,050		573,034
Guess?, Inc.		9,260		194,553
Hibbett, Inc. (b)		5,140		363,604
La-Z-Boy, Inc.		6,970		224,643
Lumber Liquidators Holdings, Inc. (a)(b)		8,400		156,912
Macy's, Inc. (b)		46,440		1,049,544
MarineMax, Inc. (a)(b)		3,780		183,406
Monro, Inc.		6,250		359,438
ODP Corp. (The) (a)		7,677		308,308
Sally Beauty Holdings, Inc. (a)(b)		15,060		253,761
Signet Jewelers Ltd. (b)		3,920		309,523
Sleep Number Corp. (a)		4,070		380,464
Sonic Automotive, Inc. - Class A (b)		4,410		231,701
Zumiez, Inc. (a)		4,180		166,197
				9,037,711

Schedule of Portfolio Investments (Continued)

Praxis Small Cap Index Fund

COMMON STOCKS - 98.6% (Continued)	Shares		Fair Value
SEMICONDUCTORS - 3.4%
Axcelis Technologies, Inc. (a)(b)		7,890	$	371,067
CEVA, Inc. (a)		4,260		181,774
Cohu, Inc. (a)(b)		7,270		232,204
CTS Corp.		6,010		185,769
Diodes, Inc. (a)		6,230		564,376
FormFactor, Inc. (a)(b)		11,450		427,428
Kulicke & Soffa Industries, Inc.		9,850		574,058
MaxLinear, Inc. (a)		8,600		423,550
Onto Innovation, Inc. (a)(b)		12,417		897,128
Photronics, Inc. (a)		16,690		227,485
Power Integrations, Inc. (b)		6,080		601,859
Rambus, Inc. (a)(b)		13,445		298,479
Ultra Clean Holdings, Inc. (a)		5,050		215,130
Veeco Instruments, Inc. (a)(b)		8,620		191,450
				5,391,757
SOFTWARE - 2.3%
Agilysys, Inc. (a)		6,190		324,108
Allscripts Healthcare Solutions, Inc. (a)(b)		16,430		219,669
Bottomline Technologies (de), Inc. (a)		5,810		228,217
Digi International, Inc. (a)(b)		11,930		250,769
Donnelley Financial Solutions, Inc. (a)		6,550		226,761
Ebix, Inc.		7,800		210,054
LivePerson, Inc. (a)(b)		9,500		560,025
PDF Solutions, Inc. (a)		9,190		211,738
Progress Software Corp.		6,410		315,308
SPS Commerce, Inc. (a)		5,620		906,562
Tabula Rasa HealthCare, Inc. (a)		4,720		123,711
Xperi Holding Corp.		7,331		138,116
				3,715,038
SPECIALTY FINANCE - 2.5%
Apollo Commercial Real Estate Finance, Inc. (b)		31,690		469,963
Capstead Mortgage Corp.		27,500		183,975
Deluxe Corp.		8,680		311,525
Encore Capital Group, Inc. (a)		4,100		202,007
Enova International, Inc. (a)		7,260		250,833
Granite Point Mortgage Trust, Inc.		14,530		191,360
Invesco Mortgage Capital, Inc.		43,621		137,406
KKR Real Estate Finance Trust, Inc.		6,670		140,737

Schedule of Portfolio Investments (Continued)

Praxis Small Cap Index Fund

COMMON STOCKS - 98.6% (Continued)	Shares		Fair Value
SPECIALTY FINANCE - 2.5% (Continued)
Mr. Cooper Group, Inc. (a)(b)		10,090	$	415,405
New York Mortgage Trust, Inc.		44,650		190,209
PennyMac Mortgage Investment Trust (b)		15,630		307,755
PRA Group, Inc. (a)		3,460		145,804
Redwood Trust, Inc.		19,810		255,351
Stewart Information Services Corp.		3,830		242,286
Walker & Dunlop, Inc.		4,340		492,590
World Acceptance Corp. (a)		600		113,748
				4,050,954
STEEL - 0.4%
Carpenter Technology Corp.		6,870		224,924
TimkenSteel Corp. (a)		17,280		226,022
Titan International, Inc. (a)		16,050		114,918
				565,864
TECHNOLOGY HARDWARE - 4.0%
3D Systems Corp. (a)		22,670		625,012
ADTRAN, Inc.		14,390		269,956
Benchmark Electronics, Inc.		7,800		208,338
CalAmp Corp. (a)		21,620		215,119
Comtech Telecommunications Corp. (b)		4,570		117,038
Daktronics, Inc. (a)		23,460		127,388
Extreme Networks, Inc. (a)		29,990		295,401
Fabrinet (a)		6,770		693,993
Harmonic, Inc. (a)		17,410		152,338
InterDigital, Inc.		2,370		160,733
Knowles Corp. (a)		18,120		339,569
NETGEAR, Inc. (a)(b)		4,710		150,296
Pitney Bowes, Inc.		62,140		448,029
Plantronics, Inc. (a)		5,500		141,405
Plexus Corp. (a)(b)		4,900		438,109
Sanmina Corp. (a)(b)		13,090		504,489
TTM Technologies, Inc. (a)		16,420		206,399
Universal Electronics, Inc. (a)		2,770		136,423
Viavi Solutions, Inc. (a)		37,780		594,657
Vicor Corp. (a)		4,440		595,670
				6,420,362
TECHNOLOGY SERVICES - 2.3%
CSG Systems International, Inc.		3,800		183,160

Schedule of Portfolio Investments (Continued)

Praxis Small Cap Index Fund

COMMON STOCKS - 98.6% (Continued)	Shares		Fair Value
TECHNOLOGY SERVICES - 2.3% (Continued)
EVERTEC, Inc.		10,810	$	494,233
ExlService Holdings, Inc. (a)		5,430		668,542
Green Dot Corp. - Class A (a)		7,600		382,508
Insight Enterprises, Inc. (a)(b)		8,860		798,109
Perficient, Inc. (a)(b)		5,160		597,012
TTEC Holdings, Inc.		3,630		339,514
Unisys Corp. (a)		10,560		265,478
				3,728,556
TELECOMMUNICATIONS - 1.0%
8x8, Inc. (a)(b)		16,250		380,088
Cogent Communications Holdings, Inc.		5,100		361,284
Consolidated Communications Holdings, Inc. (a)		29,970		275,424
Vonage Holdings Corp. (a)		39,210		632,065
				1,648,861
TRANSPORTATION & LOGISTICS - 2.3%
Allegiant Travel Co. (a)		1,900		371,412
ArcBest Corp.		6,890		563,395
Atlas Air Worldwide Holdings, Inc. (a)(b)		4,200		343,056
Bristow Group, Inc. (a)		8,623		274,470
Echo Global Logistics, Inc. (a)		6,670		318,226
Forward Air Corp.		4,620		383,552
Hawaiian Holdings, Inc. (a)		10,110		218,983
Heartland Express, Inc.		22,680		363,334
Hub Group, Inc. - Class A (a)		3,480		239,250
Marten Transport Ltd.		18,180		285,244
SkyWest, Inc. (a)		5,770		284,692
				3,645,614
TRANSPORTATION EQUIPMENT - 0.2%
Greenbrier Cos., Inc. (The)		6,020		258,800
WHOLESALE - CONSUMER STAPLES - 1.2%
Andersons, Inc. (The) (b)		30,340		935,382
Chefs' Warehouse, Inc. (The) (a)		9,000		293,130
United Natural Foods, Inc. (a)		14,890		720,974
				1,949,486
WHOLESALE - DISCRETIONARY - 1.1%
ePlus, Inc. (a)		2,280		233,951
G-III Apparel Group Ltd. (a)		9,060		256,398

Schedule of Portfolio Investments (Continued)

Praxis Small Cap Index Fund

COMMON STOCKS - 98.6% (Continued)	Shares		Fair Value
WHOLESALE - DISCRETIONARY - 1.1% (Continued)
PC Connection, Inc.		2,970	$	130,769
ScanSource, Inc. (a)		23,700		824,523
Veritiv Corp. (a)		3,640		325,998
				1,771,639
TOTAL COMMON STOCKS (COST $111,225,659)			$	156,870,585

RIGHTS - 0.0% (c)	Shares		Fair Value
MEDICAL EQUIPMENT & DEVICES - 0.0% (c)
Lantheus Holdings, Inc., CVR (a)(d) (Cost $0)		28,980	$	2,608

CORPORATE NOTES - 0.9%	Coupon			Maturity		Principal Amount		Fair Value
COMMUNITY DEVELOPMENT - 0.9%
Calvert Social Investment Foundation, Inc. (e)		2.000	%		06/15/22	$	70,000	$	70,000
Calvert Social Investment Foundation, Inc. (e)		3.000	%		06/15/23		330,000		330,000
Calvert Social Investment Foundation, Inc. (e)		3.000	%		12/15/23		330,000		330,000
Calvert Social Investment Foundation, Inc. (e)		1.000	%		06/14/24		100,000		100,000
Calvert Social Investment Foundation, Inc. (e)		3.000	%		06/17/24		60,000		60,000
Calvert Social Investment Foundation, Inc. (e)		3.000	%		12/15/24		90,000		90,000
Calvert Social Investment Foundation, Inc. (e)		2.500	%		06/13/25		150,000		149,700
Calvert Social Investment Foundation, Inc. (e)		2.500	%		12/15/25		280,000		280,000
TOTAL CORPORATE NOTES (COST $1,409,999)								$	1,409,700

MONEY MARKET FUNDS - 0.4%	Shares		Fair Value
First American Government Obligations Fund - Class X, 0.03% (f) (COST $648,010)		648,010	$	648,010

Schedule of Portfolio Investments (Continued)

Praxis Small Cap Index Fund

COLLATERAL FOR SECURITIES LOANED - 22.3%	Shares		Fair Value
Mount Vernon Liquid Assets Portfolio, LLC, 0.09% (f)(g)  (COST $35,474,101)		35,474,101	$	35,474,101
TOTAL INVESTMENTS - (COST $148,757,769) - 122.2%			$	194,405,004
LIABILITIES IN EXCESS OF OTHER ASSETS - (22.2%)				(35,264,786	)
NET ASSETS - 100.0%			$	159,140,218

(a)	Non-income producing security.
(b)	All or a portion of the security is on loan.  The total value of the securities on loan as of September 30, 2021 was $34,028,885.
(c)	Percentage rounds to less than 0.1%.
(d)	Security value has been determined in good faith pursuant to procedures adopted by the Board of Trustees. The total value of such securities was $2,608 as of September 30, 2021, representing 0.0% (c) of net assets.
(e)	Restricted and illiquid securities not registered under the Securities Act of 1933 are as follows:

	Acquisition  Date	Current Cost		Fair Value		% of Net  Assets
Calvert Social Investment Foundation, Inc.  2.000%, 06/15/22	06/17/19	$	70,000	$	70,000		0.0	%(c)
Calvert Social Investment Foundation, Inc.  3.000%, 06/15/23	06/18/18		330,000		330,000		0.2	%
Calvert Social Investment Foundation, Inc.  3.000%, 12/15/23	12/17/18		330,000		330,000		0.2	%
Calvert Social Investment Foundation, Inc.  1.000%, 06/14/24	06/15/21		100,000		100,000		0.1	%
Calvert Social Investment Foundation, Inc.  3.000%, 06/17/24	06/17/19		60,000		60,000		0.0	%(c)
Calvert Social Investment Foundation, Inc.  3.000%, 12/13/24	12/12/19		90,000		90,000		0.1	%
Calvert Social Investment Foundation, Inc.  2.500%, 06/13/25	06/12/20		150,000		149,700		0.1	%
Calvert Social Investment Foundation, Inc.  2.500%, 12/15/25	12/15/20		280,000		280,000		0.2	%
		$	1,410,000	$	1,409,700		0.9	%

(f)	The rate shown is the 7-day effective yield as of September 30, 2021.
(g)	The security was purchased with cash collateral held from securities on loan.

CVR - Contingent Value Right

plc - Public Liability Company

REIT - Real Estate Investment Trust 

Schedule of Portfolio Investments

Praxis Genesis Conservative Portfolio

September 30, 2021 (Unaudited)

AFFILIATED MUTUAL FUNDS - 100.0%	Shares		Fair Value
DEBT FUND - 70.4%
Praxis Impact Bond Fund - Class I		1,866,404	$	20,175,823
EQUITY FUND - 29.6%
Praxis Growth Index Fund - Class I		64,762		2,578,820
Praxis International Index Fund - Class I		186,424		2,522,323
Praxis Small Cap Index Fund - Class I		57,333		734,437
Praxis Value Index Fund - Class I		160,662		2,652,527
				8,488,107
TOTAL AFFILIATED MUTUAL FUNDS (COST $23,519,445)			$	28,663,930

MONEY MARKET FUNDS - 0.0% (a)	Shares		Fair Value
First American Government Obligations Fund - Class X, 0.03% (b) (COST $6,088)		6,088	$	6,088
TOTAL INVESTMENTS - (COST $23,525,533) - 100.0%			$	28,670,018
LIABILITIES IN EXCESS OF OTHER ASSETS - (0.0%) (a)				(14,041	)
NET ASSETS - 100.0%			$	28,655,977

(a)	Percentage rounds to less than 0.1%.
(b)	The rate shown is the 7-day effective yield as of September 30, 2021.

Schedule of Portfolio Investments

Praxis Genesis Balanced Portfolio

September 30, 2021 (Unaudited)

AFFILIATED MUTUAL FUNDS - 100.0%	Shares		Fair Value
DEBT FUND - 40.4%
Praxis Impact Bond Fund - Class I		3,469,798	$	37,508,517
EQUITY FUND - 59.6%
Praxis Growth Index Fund - Class I		364,189		14,501,987
Praxis International Index Fund - Class I		1,213,808		16,422,824
Praxis Small Cap Index Fund - Class I		746,247		9,559,421
Praxis Value Index Fund - Class I		903,680		14,919,750
				55,403,982
TOTAL AFFILIATED MUTUAL FUNDS (COST $65,039,769)			$	92,912,499

MONEY MARKET FUNDS - 0.0% (a)	Shares		Fair Value
First American Government Obligations Fund - Class X, 0.03% (b) (COST $456)		456	$	456
TOTAL INVESTMENTS - (COST $65,040,225) - 100.0%			$	92,912,955
LIABILITIES IN EXCESS OF OTHER ASSETS - (0.0%) (a)				(46,406	)
NET ASSETS - 100.0%			$	92,866,549

(a)	Percentage rounds to less than 0.1%.
(b)	The rate shown is the 7-day effective yield as of September 30, 2021.

Schedule of Portfolio Investments

Praxis Genesis Growth Portfolio

September 30, 2021 (Unaudited)

AFFILIATED MUTUAL FUNDS - 100.1%	Shares		Fair Value
DEBT FUND - 20.3%
Praxis Impact Bond Fund - Class I		1,780,653	$	19,248,858
EQUITY FUND - 79.8%
Praxis Growth Index Fund - Class I		478,989		19,073,326
Praxis International Index Fund - Class I		1,660,837		22,471,129
Praxis Small Cap Index Fund - Class I		1,148,814		14,716,303
Praxis Value Index Fund - Class I		1,188,455		19,621,394
				75,882,152
TOTAL AFFILIATED MUTUAL FUNDS (COST $60,807,062)			$	95,131,010

MONEY MARKET FUNDS - 0.0% (a)	Shares		Fair Value
First American Government Obligations Fund -  Class X, 0.03% (b) (COST $888)		888	$	888
TOTAL INVESTMENTS - (COST $60,807,950) - 100.1%			$	95,131,898
LIABILITIES IN EXCESS OF OTHER ASSETS - (0.1%)				(49,582	)
NET ASSETS - 100.0%			$	95,082,316

(a)	Percentage rounds to less than 0.1%.
(b)	The rate shown is the 7-day effective yield as of September 30, 2021.