Schedule of Portfolio Investments

Praxis Impact Bond Fund

September 30, 2022 (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	$	1,080,299
City of San Francisco, California, Public Utilities Comm. Water Rev., Series 2019-A		3.303	%		11/01/39		2,500,000		2,024,300
Findlay City School District, Series 2010-B		6.250	%		12/01/37		270,000		270,383
Houston, Texas, Independent School District, Series 2009A-2		6.168	%		02/15/34		1,000,000		1,031,370
Massachusetts St., Series 2016-F		3.277	%		06/01/46		3,100,000		2,439,855
New Jersey St. Housing & Mortgage Finance, Series 2013-C		2.600	%		07/01/23		55,000		54,600
Osceola County Housing Finance Authority Rev., Series 2013-B		3.350	%		07/01/23		45,000		44,859
TOTAL MUNICIPAL BONDS (COST $8,313,576)								$	6,945,666
CORPORATE BONDS - 40.2%	Coupon			Maturity		Principal Amount		Fair Value
APPAREL & TEXTILE PRODUCTS - 0.2%
Hanesbrands, Inc. (a)		4.625	%		05/15/24	$	500,000	$	476,750
VF Corp.		2.400	%		04/23/25		536,000		500,803
									977,553
ASSET MANAGEMENT - 0.1%
Ameriprise Financial, Inc.		3.000	%		04/02/25		730,000		697,041
AUTOMOTIVE - 0.5%
BMW US Capital, LLC (a)		3.800	%		04/06/23		1,000,000		995,830
BorgWarner, Inc.		2.650	%		07/01/27		601,000		523,724
Honda Motor Co. Ltd. (b)		2.967	%		03/10/32		760,000		637,366
Hyundai Capital Services, Inc. (a)		1.250	%		02/08/26		200,000		173,839
Magna International, Inc.		2.450	%		06/15/30		1,250,000		1,012,219
									3,342,978
BANKING - 4.6%
Bank of America Corp.		0.981	%		09/25/25		1,500,000		1,364,750
Bank of America Corp.		2.456	%		10/22/25		1,000,000		936,284
Bank of America Corp.		1.530	%		12/06/25		2,000,000		1,829,409

Schedule of Portfolio Investments (Continued)

Praxis Impact Bond Fund                                 

CORPORATE BONDS - 40.2% (Continued)	Coupon			Maturity		Principal Amount		Fair Value
BANKING - 4.6% (Continued)
Bank of America Corp.		4.271	%		07/23/29	$	1,000,000	$	911,795
Bank of America Corp.		2.572	%		10/20/32		1,500,000		1,147,242
Bank of Montreal		3.300	%		02/05/24		1,000,000		977,878
Citigroup, Inc.		1.678	%		05/15/24		1,250,000		1,223,180
Citigroup, Inc.		3.700	%		01/12/26		1,750,000		1,658,176
Citigroup, Inc.		2.014	%		01/25/26		1,000,000		918,936
Citigroup, Inc.		2.572	%		06/03/30		1,000,000		786,518
ING Groep N.V. (a)		4.625	%		01/06/26		1,250,000		1,202,238
JPMorgan Chase & Co.		0.653	%		09/16/24		1,000,000		953,708
JPMorgan Chase & Co.		0.563	%		02/16/25		500,000		467,495
JPMorgan Chase & Co. (b)		3.200	%		06/15/26		2,557,000		2,373,812
JPMorgan Chase & Co.		2.739	%		10/15/30		2,000,000		1,626,180
Key Bank, N.A.		1.250	%		03/10/23		1,750,000		1,726,113
Mitsubishi UFJ Financial Group		2.527	%		09/13/23		1,250,000		1,219,037
National Australia Bank, New York Branch		3.625	%		06/20/23		1,750,000		1,740,095
National Bank of Canada (a)		2.150	%		10/07/22		1,250,000		1,249,811
Regions Financial Corp.		2.250	%		05/18/25		1,000,000		926,164
State Street Corp. (c)		4.164	%		08/04/33		195,000		175,944
Sumitomo Mitsui Financial Group, Inc.		0.508	%		01/12/24		2,000,000		1,884,043
Toronto-Dominion Bank (SOFR + 45) (c)		0.500	%		09/28/23		2,000,000		1,995,117
									29,293,925
BEVERAGES - 0.2%
Coca-Cola Co. (The)		3.450	%		03/25/30		500,000		454,502
Coca-Cola Femsa S.A.B. de C.V.		1.850	%		09/01/32		1,000,000		736,180
									1,190,682
BIOTECH & PHARMA - 0.9%
AbbVie, Inc. (b)		2.950	%		11/21/26		500,000		458,079
Amgen, Inc.		3.000	%		02/22/29		2,500,000		2,186,257
Gilead Sciences, Inc.		3.650	%		03/01/26		750,000		712,895
Zeneca Wilmington, Inc.		7.000	%		11/15/23		1,100,000		1,126,793
Zoetis, Inc.		3.250	%		02/01/23		1,200,000		1,193,584
									5,677,608
CABLE & SATELLITE - 0.2%
Comcast Corp.		3.300	%		04/01/27		500,000		463,784
Comcast Corp.		2.937	%		11/01/56		672,000		401,100

Schedule of Portfolio Investments (Continued)

Praxis Impact Bond Fund                                 

CORPORATE BONDS - 40.2% (Continued)	Coupon			Maturity		Principal Amount		Fair Value
CABLE & SATELLITE - 0.2% (Continued)
Time Warner Cable, Inc.		4.500	%		09/15/42	$	500,000	$	345,203
									1,210,087
CHEMICALS - 1.0%
Avery Dennison Corp.		2.650	%		04/30/30		1,250,000		999,172
DowDuPont, Inc.		4.493	%		11/15/25		1,500,000		1,473,387
Ecolab, Inc.		4.800	%		03/24/30		140,000		137,067
Ecolab, Inc.		2.750	%		08/18/55		1,470,000		909,158
LG Chemical Ltd. (a)		3.250	%		10/15/24		290,000		279,041
Nutrien Ltd.		1.900	%		05/13/23		800,000		785,341
Nutrien Ltd.		5.875	%		12/01/36		840,000		851,272
Solvay Finance S.A. (a)		4.450	%		12/03/25		1,250,000		1,194,730
									6,629,168
CONSTRUCTION MATERIALS - 0.4%
Carlisle Cos., Inc.		3.500	%		12/01/24		1,250,000		1,203,128
Owens Corning		4.200	%		12/01/24		1,000,000		981,260
Owens Corning		3.950	%		08/15/29		300,000		268,493
									2,452,881
CONSUMER SERVICES - 4.7%
Andrew W. Mellon Funding		0.947	%		08/01/27		1,050,000		896,473
California Endowment (The)		2.498	%		04/01/51		4,500,000		2,853,271
Conservation Fund, Series 2019		3.474	%		12/15/29		535,000		464,490
Ford Foundation (The), Series 2017		3.859	%		06/01/47		2,485,000		2,049,010
John D. & Catherine T. MacArthur Foundation, Series 2020		1.299	%		12/01/30		1,500,000		1,157,636
Leland Stanford Junior University (The)		3.460	%		05/01/47		1,415,000		1,103,656
Local Initiatives Support Corp.		4.649	%		03/01/37		1,500,000		1,406,003
Massachusetts Institute of Technology		3.959	%		07/01/38		1,500,000		1,346,059
Massachusetts Institute of Technology, Series H		3.067	%		04/01/52		4,000,000		2,895,265
President & Fellows of Harvard College, Series 2016-B		3.150	%		07/15/46		3,961,000		3,032,363
President & Fellows of Harvard College, Series 2020-B		2.517	%		10/15/50		1,300,000		835,398
President & Fellows of Harvard College, Series 2022-A		3.745	%		11/15/52		500,000		416,289
Rockefeller Foundation (The)		2.492	%		10/01/50		1,800,000		1,125,613

Schedule of Portfolio Investments (Continued)

Praxis Impact Bond Fund                                 

CORPORATE BONDS - 40.2% (Continued)	Coupon			Maturity		Principal Amount		Fair Value
CONSUMER SERVICES - 4.7% (Continued)
Stanford University California, Series 2020-A		2.413	%		06/01/50	$	3,450,000	$	2,192,611
Trustees of Princeton University (The)		2.516	%		07/01/50		5,150,000		3,486,257
University of Notre Dame, Series 2017		3.394	%		02/15/48		2,424,000		1,879,158
Yale University		2.402	%		04/15/50		4,165,000		2,696,022
									29,835,574
CONTAINERS & PACKAGING - 0.4%
CCL Industries, Inc. (a)		3.050	%		06/01/30		1,750,000		1,404,806
Sonoco Products Co.		5.750	%		11/01/40		1,000,000		947,332
									2,352,138
DIVERSIFIED INDUSTRIALS - 0.1%
Illinois Tool Works, Inc.		3.900	%		09/01/42		1,000,000		824,525
ELECTRIC UTILITIES - 6.2%
Avangrid, Inc.		3.150	%		12/01/24		1,800,000		1,720,845
Avista Corp.		4.000	%		04/01/52		1,000,000		779,353
Caledonia Generating, LLC (a)		1.950	%		02/28/34		1,818,788		1,542,309
Consolidated Edison Co. (b)		3.350	%		04/01/30		1,000,000		878,591
DTE Electric Co.		4.050	%		05/15/48		1,750,000		1,425,508
DTE Electric Co.		3.650	%		03/01/52		500,000		377,891
Duke Energy Carolinas, LLC		3.550	%		03/15/52		1,000,000		730,105
Duke Energy Progress NC Storm Funding, LLC, Series 2021A-3		2.799	%		07/01/41		2,000,000		1,424,922
Duke Energy Progress, LLC		3.450	%		03/15/29		1,750,000		1,586,719
Duke Energy Progress, LLC		4.000	%		04/01/52		1,500,000		1,175,056
Electricite de France S.A. (a)		3.625	%		10/13/25		1,250,000		1,200,687
Enel Finance International N.V. (a)		2.650	%		09/10/24		1,250,000		1,183,067
Florida Power & Light Co.		3.700	%		12/01/47		1,300,000		1,011,755
Florida Power & Light Co. (b)		2.875	%		12/04/51		2,000,000		1,318,232
Georgia Power Co.		3.250	%		04/01/26		1,000,000		937,189
Interstate Power & Light Co.		3.600	%		04/01/29		1,250,000		1,130,460
Liberty Utilities Financial Services (a)		2.050	%		09/15/30		355,000		268,650
MidAmerican Energy Co.		3.950	%		08/01/47		1,750,000		1,387,242
Midland Cogeneration Venture, L.P. (a)		6.000	%		03/15/25		194,797		190,901
Narragansett Electric Co. (a)		3.395	%		04/09/30		1,500,000		1,326,616
National Rural Utilities		1.350	%		03/15/31		1,000,000		731,487
NextEra Energy Capital Holdings, Inc.		0.650	%		03/01/23		400,000		393,867

Schedule of Portfolio Investments (Continued)

Praxis Impact Bond Fund                                 

CORPORATE BONDS - 40.2% (Continued)	Coupon			Maturity		Principal Amount		Fair Value
ELECTRIC UTILITIES - 6.2% (Continued)
Niagara Mohawk Power Corp. (a)		1.960	%		06/27/30	$	1,500,000	$	1,157,674
Northern States Power Co.		2.900	%		03/01/50		1,250,000		835,224
NSTAR Electric Co.		3.950	%		04/01/30		600,000		557,988
NSTAR Electric Co.		5.500	%		03/15/40		1,250,000		1,220,615
Pacificorp		8.080	%		10/14/22		500,000		500,366
PG&E Energy Recovery Funding, LLC		2.822	%		07/15/46		1,000,000		680,197
PG&E Wildfire Recovery Funding, LLC, Series 2022-A		4.674	%		12/01/51		1,500,000		1,350,695
Potomac Electric Power Co.		6.500	%		11/15/37		1,000,000		1,065,892
Public Service Co.		3.700	%		06/15/28		1,750,000		1,634,019
Puget Energy, Inc.		4.223	%		06/15/48		1,000,000		815,835
Rochester Gas & Electric Corp. (a)		1.850	%		12/01/30		500,000		377,748
San Diego Gas and Electric Co.		4.500	%		08/15/40		841,000		723,129
Solar Star Funding, LLC (a)		3.950	%		06/30/35		262,310		239,983
Solar Star Funding, LLC (a)		5.375	%		06/30/35		408,982		410,361
Southern California Edison		4.050	%		03/15/42		1,165,000		868,178
Tenaska Virginia Partners, L.P. (a)		6.119	%		03/30/24		268,040		266,038
Texas Electric Market Stabilization N, LLC		5.057	%		08/01/46		1,500,000		1,421,698
Topaz Solar Farms, LLC (a)		4.875	%		09/30/39		226,455		197,016
Topaz Solar Farms, LLC (a)		5.750	%		09/30/39		546,943		503,204
Union Electric Co.		2.625	%		03/15/51		2,000,000		1,229,777
Westar Energy, Inc.		2.550	%		07/01/26		1,292,000		1,182,780
									39,959,869
ELECTRICAL EQUIPMENT - 0.3%
Johnson Controls International plc (b)		1.750	%		09/15/30		1,000,000		773,474
Legrand S.A.		8.500	%		02/15/25		1,000,000		1,080,866
Roper Technologies, Inc.		2.000	%		06/30/30		440,000		336,891
									2,191,231
ENTERTAINMENT CONTENT - 0.2%
Magallanes, Inc. (a)		4.054	%		03/15/29		1,500,000		1,295,532
FOOD - 1.5%
Campbell Soup Co.		3.950	%		03/15/25		1,500,000		1,458,911
Cargill, Inc. (a)		4.760	%		11/23/45		1,500,000		1,329,728
General Mills, Inc.		4.000	%		04/17/25		1,500,000		1,464,168
Hormel Foods Corp.		1.800	%		06/11/30		2,250,000		1,798,080

Schedule of Portfolio Investments (Continued)

Praxis Impact Bond Fund                                 

CORPORATE BONDS - 40.2% (Continued)	Coupon			Maturity		Principal Amount		Fair Value
FOOD - 1.5% (Continued)
Ingredion, Inc.		2.900	%		06/01/30	$	1,000,000	$	825,242
Kellogg Co.		2.650	%		12/01/23		1,250,000		1,220,885
Mars, Inc. (a)		3.600	%		04/01/34		1,500,000		1,282,306
									9,379,320
FORESTRY, PAPER & WOOD PRODUCTS - 0.1%
Fibria Overseas Finance Ltd.		5.500	%		01/17/27		800,000		764,149
GAS & WATER UTILITIES - 0.4%
American Water Capital Corp.		2.800	%		05/01/30		1,500,000		1,267,588
Brooklyn Union Gas Co. (a)		4.504	%		03/10/46		1,250,000		945,729
Indiana Gas Co., Inc.		6.550	%		06/30/28		250,000		259,408
									2,472,725
HEALTH CARE FACILITIES & SERVICES - 0.2%
Kaiser Foundation Hospital		3.150	%		05/01/27		1,500,000		1,389,933
HOME & OFFICE PRODUCTS - 0.1%
Steelcase, Inc. (b)		5.125	%		01/18/29		1,000,000		855,516
HOME CONSTRUCTION - 0.1%
NVR, Inc.		3.000	%		05/15/30		1,000,000		816,420
INSTITUTIONAL FINANCIAL SERVICES - 1.6%
Brookfield Finance, Inc.		4.250	%		06/02/26		1,570,000		1,503,459
Goldman Sachs Group, Inc.		3.272	%		09/29/25		1,500,000		1,428,808
Goldman Sachs Group, Inc. (b)		4.223	%		05/01/29		1,000,000		908,876
Goldman Sachs Group, Inc.		3.800	%		03/15/30		1,500,000		1,300,594
Morgan Stanley		3.125	%		07/27/26		2,000,000		1,841,628
Morgan Stanley, Series GMTN		2.699	%		01/22/31		1,250,000		1,013,463
National Securities Clearing Corp. (a)		1.500	%		04/23/25		1,000,000		921,020
State Street Corp.		7.350	%		06/15/26		1,000,000		1,062,294
									9,980,142
INSURANCE - 4.5%
Aflac, Inc.		4.000	%		10/15/46		1,058,000		833,724

Schedule of Portfolio Investments (Continued)

Praxis Impact Bond Fund                                 

CORPORATE BONDS - 40.2% (Continued)	Coupon			Maturity		Principal Amount		Fair Value
INSURANCE - 4.5% (Continued)
Athene Global Funding (a)		2.800	%		05/26/23	$	1,500,000	$	1,478,570
First American Financial Corp.		2.400	%		08/15/31		1,500,000		1,071,540
Five Corners Funding Trust (a)		4.419	%		11/15/23		1,000,000		990,627
GA Global Funding Trust		2.250	%		01/06/27		2,000,000		1,732,118
Horace Mann Educators Corp.		4.500	%		12/01/25		1,235,000		1,179,888
Jackson National Life Global Funding		1.750	%		01/12/25		385,000		353,799
Kemper Corp.		4.350	%		02/15/25		1,250,000		1,217,731
Marsh & McLennan Cos., Inc.		3.750	%		03/14/26		1,000,000		966,650
Massachusetts Mutual Life Insurance Co. (a)		3.375	%		04/15/50		1,500,000		1,023,291
Met Life Global Funding I (a)		1.950	%		01/13/23		500,000		496,640
Met Life Global Funding I (a)		3.600	%		01/11/24		1,750,000		1,723,875
New York Life Global Funding (a)		2.900	%		01/17/24		3,000,000		2,931,719
OneBeacon US Holdings, Inc.		4.600	%		11/09/22		1,000,000		1,000,103
Pacific Life Global Funding II, Series 2020-1 (a)		1.200	%		06/24/25		415,000		372,735
Pacific Life Global Funding II, Series 2021-1 (a)		1.450	%		01/20/28		1,000,000		814,266
Primerica, Inc.		2.800	%		11/19/31		1,000,000		785,196
Principal Financial Group, Inc.		3.700	%		05/15/29		1,250,000		1,119,272
Prudential Financial, Inc.		1.500	%		03/10/26		644,000		575,909
Prudential plc		3.125	%		04/14/30		750,000		626,918
Reliance STD Life Insurance Co. (a)		2.750	%		05/07/25		1,280,000		1,194,338
RLI Corp. (b)		4.875	%		09/15/23		1,000,000		1,000,796
Sammons Financial Group, Inc. (a)		4.450	%		05/12/27		1,200,000		1,097,628
Security Benefit Global, Series MTN (a)		1.250	%		05/17/24		1,500,000		1,398,604
Teachers Insurance & Annuity Association (a)		4.375	%		09/15/54		2,678,000		2,572,225
Trustage Financial Group, Inc.		4.625	%		04/15/32		400,000		345,335
									28,903,497
LEISURE FACILITIES & SERVICES - 0.6%
Hyatt Hotels Corp.		3.375	%		07/15/23		1,000,000		989,650
Marriott International, Inc.		3.600	%		04/15/24		727,000		709,829
McDonald's Corp., Series MTN		3.500	%		07/01/27		1,000,000		933,888
Starbucks Corp. (b)		2.450	%		06/15/26		1,000,000		916,964
									3,550,331
MACHINERY - 0.6%
Ingersoll-Rand Global Holding Co. Ltd.		6.391	%		11/15/27		655,000		663,586
John Deere Capital Corp.		1.750	%		03/09/27		250,000		219,003

Schedule of Portfolio Investments (Continued)

Praxis Impact Bond Fund                                 

CORPORATE BONDS - 40.2% (Continued)	Coupon			Maturity		Principal Amount		Fair Value
MACHINERY - 0.6% (Continued)
John Deere Capital Corp.		3.050	%		01/06/28	$	1,250,000	$	1,146,872
Xylem, Inc.		1.950	%		01/30/28		1,775,000		1,498,070
									3,527,531
MEDICAL EQUIPMENT & DEVICES - 0.2%
Alcon Finance Corp. (a)		2.600	%		05/27/30		1,250,000		1,008,454
PERSONAL PRODUCTS - 0.1%
Estée Lauder Cos., Inc. (The) (b)		2.600	%		04/15/30		1,000,000		847,585
PIPELINES - 0.1%
Northern Natural Gas Co. (a)		4.100	%		09/15/42		1,000,000		737,291
REITS - 3.5%
Agree Ltd. Partnership		2.900	%		10/01/30		650,000		519,307
Agree Ltd. Partnership		4.800	%		10/01/32		715,000		643,114
Alexandria Real Estate Equities, Inc.		2.950	%		03/15/34		1,000,000		773,178
Boston Properties, L.P.		4.500	%		12/01/28		1,250,000		1,150,256
Camden Property Trust		2.800	%		05/15/30		500,000		419,704
Digital Realty Trust, L.P.		5.550	%		01/15/28		2,250,000		2,231,223
Duke Realty Trust, L.P.		2.875	%		11/15/29		1,500,000		1,277,348
ERP Operating, L.P.		4.150	%		12/01/28		1,250,000		1,148,870
ESSEX Portfolio, L.P.		2.650	%		03/15/32		1,500,000		1,163,270
Federal Realty Investment Trust		1.250	%		02/15/26		515,000		453,175
Kilroy Realty Corp.		2.500	%		11/15/32		1,750,000		1,257,868
Kimco Realty Corp.		2.700	%		10/01/30		1,750,000		1,410,693
Lexington Realty Trust		2.700	%		09/15/30		1,500,000		1,154,003
Mid-America Apartment Communities, Inc. (b)		3.950	%		03/15/29		1,750,000		1,591,284
Ontario Teachers Cadillac Fairview Properties Trust (a)		2.500	%		10/15/31		1,125,000		879,590
Prologis, L.P.		4.625	%		01/15/33		1,500,000		1,425,117
Regency Centers, L.P.		3.750	%		06/15/24		1,000,000		969,438
Rexford Industrial Realty, L.P.		2.150	%		09/01/31		1,750,000		1,312,350
Sun Communities Operating Ltd.		2.700	%		07/15/31		500,000		377,893
UDR, Inc.		1.900	%		03/15/33		1,000,000		693,068
Vornado Realty, L.P.		3.500	%		01/15/25		567,000		530,648

Schedule of Portfolio Investments (Continued)

Praxis Impact Bond Fund                                 

CORPORATE BONDS - 40.2% (Continued)	Coupon			Maturity		Principal Amount		Fair Value
REITS - 3.5% (Continued)
WP Carey, Inc.		2.450	%		02/01/32	$	985,000	$	735,054
									22,116,451
RETAIL - CONSUMER STAPLES - 0.2%
Kroger Co. (The)		5.000	%		04/15/42		1,000,000		882,497
Walmart, Inc.		1.800	%		09/22/31		500,000		397,235
									1,279,732
RETAIL - DISCRETIONARY - 0.6%
ERAC USA Finance, LLC (a)		2.700	%		11/01/23		1,250,000		1,216,487
Home Depot, Inc.		3.625	%		04/15/52		1,000,000		755,658
Lowe's Cos., Inc.		4.650	%		04/15/42		1,000,000		846,823
Lowe's Cos., Inc.		3.000	%		10/15/50		500,000		306,174
Lowe's Cos., Inc. (b)		5.625	%		04/15/53		1,000,000		924,810
									4,049,952
SEMICONDUCTORS - 0.4%
Intel Corp.		4.150	%		08/05/32		1,000,000		910,641
Intel Corp.		3.734	%		12/08/47		1,361,000		1,011,071
NVIDIA Corp.		2.850	%		04/01/30		500,000		428,530
Skyworks Solutions, Inc.		0.900	%		06/01/23		500,000		485,088
									2,835,330
SOFTWARE - 0.4%
Microsoft Corp.		2.525	%		06/01/50		3,000,000		1,960,030
Microsoft Corp.		2.921	%		03/17/52		1,000,000		705,296
									2,665,326
SPECIALTY FINANCE - 1.2%
American Express Credit Corp.		3.000	%		10/30/24		1,000,000		964,865
BlueHub Loan Fund, Inc.		3.099	%		01/01/30		1,030,000		887,405
Community Preservation Corp. (The)		2.867	%		02/01/30		1,750,000		1,439,065
F&G Global Funding		2.300	%		04/11/27		535,000		460,700
Fidelity National Financial, Inc.		3.400	%		06/15/30		500,000		407,601
GATX Corp.		4.350	%		02/15/24		300,000		296,192
Low Income Investment Fund		3.386	%		07/01/26		115,000		109,103
USAA Capital Corp. (a)		1.500	%		05/01/23		1,000,000		984,221
USAA Capital Corp. (a)		2.125	%		05/01/30		3,000,000		2,409,134
									7,958,286
STEEL - 0.2%
Nucor Corp.		2.000	%		06/01/25		460,000		424,580

Schedule of Portfolio Investments (Continued)

Praxis Impact Bond Fund                                 

CORPORATE BONDS - 40.2% (Continued)	Coupon			Maturity		Principal Amount		Fair Value
STEEL - 0.2% (Continued)
Reliance Steel & Aluminum Co.		4.500	%		04/15/23	$	1,105,000	$	1,102,574
									1,527,154
TECHNOLOGY HARDWARE - 0.7%
Apple, Inc.		3.000	%		06/20/27		1,000,000		939,592
Apple, Inc.		2.650	%		05/11/50		1,000,000		657,616
Apple, Inc.		2.650	%		02/08/51		2,000,000		1,313,066
HP, Inc. (b)		4.750	%		01/15/28		1,100,000		1,032,265
HP, Inc.		4.000	%		04/15/29		915,000		801,902
									4,744,441
TECHNOLOGY SERVICES - 0.6%
Experian Finance plc (a)		2.750	%		03/08/30		635,000		513,192
IBM Corp. (b)		3.300	%		05/15/26		1,000,000		942,274
Moody's Corp.		3.250	%		05/20/50		500,000		338,826
Moody's Corp.		3.750	%		02/25/52		1,000,000		739,808
RELX Capital, Inc.		3.500	%		03/16/23		1,500,000		1,490,381
									4,024,481
TELECOMMUNICATIONS - 0.7%
AT&T, Inc.		5.250	%		03/01/37		500,000		460,377
AT&T, Inc.		4.750	%		05/15/46		1,500,000		1,257,213
Verizon Communications, Inc.		3.875	%		02/08/29		1,000,000		912,881
Verizon Communications, Inc. (b)		1.500	%		09/18/30		1,000,000		751,746
Verizon Communications, Inc.		2.987	%		10/30/56		1,799,000		1,069,365
									4,451,582
TRANSPORTATION & LOGISTICS - 1.3%
British Airways, Series 2013-1 (a)		4.625	%		12/20/25		319,474		310,562
Burlington Northern Santa Fe, LLC		5.750	%		05/01/40		1,000,000		1,012,130
Canadian Pacific Railway Co.		2.050	%		03/05/30		1,750,000		1,402,908
Mexico City Airport Trust (a)		4.250	%		10/31/26		497,000		442,330
Norfolk Southern Corp.		4.837	%		10/01/41		1,000,000		891,348
Norfolk Southern Corp.		3.050	%		05/15/50		1,500,000		977,531
Penske Truck Leasing Co. (a)		3.450	%		07/01/24		1,250,000		1,202,543
TTX Co. (a)		4.600	%		02/01/49		280,000		247,494
Union Pacific Corp.		4.950	%		09/09/52		2,000,000		1,866,516
									8,353,362
WHOLESALE - CONSUMER STAPLES - 0.3%
Bunge Ltd. Finance Corp.		1.630	%		08/17/25		395,000		355,321

Schedule of Portfolio Investments (Continued)

Praxis Impact Bond Fund                                 

CORPORATE BONDS - 40.2% (Continued)	Coupon			Maturity		Principal Amount		Fair Value
WHOLESALE - CONSUMER STAPLES - 0.3% (Continued)
Sysco Corp.		2.400	%		02/15/30	$	1,750,000	$	1,424,206
									1,779,527
TOTAL CORPORATE BONDS (COST $301,564,909)								$	257,949,310
CORPORATE NOTES - 1.1%	Coupon			Maturity		Principal Amount		Fair Value
COMMUNITY DEVELOPMENT - 1.1%
Calvert Social Investment Foundation, Inc. (d)		0.400	%		12/15/22	$	500,000	$	495,743
Calvert Social Investment Foundation, Inc. (d)		3.000	%		06/15/23		1,650,000		1,622,460
Calvert Social Investment Foundation, Inc. (d)		3.000	%		12/15/23		950,000		922,785
Calvert Social Investment Foundation, Inc. (d)		1.000	%		06/14/24		550,000		511,095
Calvert Social Investment Foundation, Inc. (d)		3.000	%		06/17/24		980,000		941,433
Calvert Social Investment Foundation, Inc. (d)		3.000	%		12/15/24		400,000		380,333
Calvert Social Investment Foundation, Inc. (d)		2.500	%		06/13/25		1,400,000		1,301,087
Calvert Social Investment Foundation, Inc. (d)		2.500	%		12/15/25		650,000		597,335
TOTAL CORPORATE NOTES (COST $7,080,000)								$	6,772,271
FOREIGN GOVERNMENTS - 7.7%	Coupon			Maturity		Principal Amount		Fair Value
FOREIGN AGENCY - 0.7%
BNG Bank N.V. (a)(b)		1.500	%		10/16/24	$	1,500,000	$	1,417,434
BNG Bank N.V. (a)(b)		0.500	%		11/24/25		2,000,000		1,772,817
Kommunalbanken A.S. (a)		2.125	%		02/11/25		1,000,000		950,780
Kommunivest I Sverige AB, Series MTN (a)		0.375	%		06/19/24		500,000		466,698
									4,607,729
SUPRANATIONAL - 7.0%
African Development Bank		0.750	%		04/03/23		5,000,000		4,917,500
Asian Development Bank		2.125	%		03/19/25		1,000,000		946,193
Asian Development Bank		3.125	%		09/26/28		1,000,000		941,069
Central American Bank for Economic Integration (a)		1.140	%		02/09/26		1,200,000		1,058,016

Schedule of Portfolio Investments (Continued)

Praxis Impact Bond Fund                                 

FOREIGN GOVERNMENTS - 7.7% (Continued)	Coupon			Maturity		Principal Amount		Fair Value
SUPRANATIONAL - 7.0% (Continued)
European Bank for Reconstruction & Development		1.625	%		09/27/24	$	1,250,000	$	1,185,521
European Bank for Reconstruction & Development		1.500	%		02/13/25		200,000		187,199
European Investment Bank (b)		2.500	%		10/15/24		1,000,000		964,701
European Investment Bank		2.125	%		04/13/26		1,000,000		927,673
European Investment Bank (b)		2.375	%		05/24/27		4,000,000		3,697,400
Inter-American Development Bank		0.875	%		04/03/25		3,000,000		2,752,748
Inter-American Development Bank		4.375	%		01/24/44		3,000,000		2,989,148
International Bank for Reconstruction & Development		0.250	%		11/24/23		4,500,000		4,294,362
International Bank for Reconstruction & Development		0.625	%		04/22/25		1,000,000		910,286
International Bank for Reconstruction & Development		3.125	%		11/20/25		1,000,000		964,160
International Bank for Reconstruction & Development		0.875	%		07/15/26		3,000,000		2,640,330
International Bank for Reconstruction & Development		3.125	%		06/15/27		4,000,000		3,818,240
International Development Association (a)		2.750	%		04/24/23		5,000,000		4,958,100
International Development Association (a)		0.375	%		09/23/25		2,000,000		1,776,020
International Development Association (a)(b)		0.875	%		04/28/26		2,000,000		1,778,745
International Finance Corp., Series GMTN		2.125	%		04/07/26		3,000,000		2,782,080
									44,489,491
TOTAL FOREIGN GOVERNMENTS (COST $52,507,855)								$	49,097,220
COMMERCIAL MORTGAGE-BACKED SECURITIES - 0.0% (e)	Coupon			Maturity		Principal Amount		Fair Value
Commercial Mortgage Pass-Through Certificates, Class A-3 (Cost $279,946)		2.853	%		10/17/45	$	274,543	$	273,990

Schedule of Portfolio Investments (Continued)

Praxis Impact Bond Fund                                 

U.S. GOVERNMENT AGENCIES - 42.7%	Coupon			Maturity		Principal Amount		Fair Value
DEVELOPMENT FINANCE CORPORATION - 1.6%
DFC (PO)		0.000	%		06/21/23	$	1,000,000	$	1,062,440
DFC (c)		0.130	%		09/15/26		666,667		666,667
DFC		1.590	%		04/15/28		2,000,000		1,740,592
DFC		1.650	%		04/15/28		3,500,000		3,074,043
DFC		3.130	%		04/15/28		1,000,000		935,576
DFC		3.280	%		09/15/29		804,865		771,219
DFC		3.520	%		09/20/32		714,286		679,172
DFC		3.540	%		06/15/30		455,894		437,097
DFC		3.820	%		06/01/33		797,576		769,821
									10,136,627
FEDERAL HOME LOAN BANK - 4.5%
FHLB		3.250	%		11/16/28		8,500,000		8,110,404
FHLB		5.500	%		07/15/36		18,620,000		20,803,732
									28,914,136
FEDERAL HOME LOAN MORTGAGE CORPORATION - 11.0%
FHLMC		4.000	%		11/01/24		36,093		35,199
FHLMC		0.375	%		09/23/25		3,500,000		3,121,496
FHLMC		4.000	%		10/01/25		24,536		23,929
FHLMC		2.875	%		04/25/26		3,000,000		2,835,137
FHLMC		6.000	%		04/01/27		42,960		43,713
FHLMC		2.500	%		10/01/27		232,398		222,549
FHLMC		2.738	%		04/25/29		2,298,523		2,161,662
FHLMC		2.412	%		08/25/29		3,670,000		3,212,068
FHLMC		7.000	%		02/01/30		13,682		13,687
FHLMC		7.500	%		07/01/30		54,139		56,838
FHLMC		1.487	%		11/25/30		2,500,000		1,991,760
FHLMC		1.878	%		01/25/31		1,500,000		1,238,864
FHLMC		2.000	%		01/25/31		3,000,000		2,475,798
FHLMC		7.000	%		03/01/31		22,414		23,387
FHLMC		1.777	%		10/25/31		2,000,000		1,596,310
FHLMC		2.091	%		11/25/31		2,500,000		2,049,775
FHLMC		6.250	%		07/15/32		7,050,000		8,203,219
FHLMC		3.123	%		08/25/32		2,000,000		1,795,828
FHLMC		3.000	%		11/01/32		362,444		334,335
FHLMC		3.000	%		11/01/32		469,372		432,970
FHLMC		5.500	%		11/01/33		28,408		29,294

Schedule of Portfolio Investments (Continued)

Praxis Impact Bond Fund                                 

U.S. GOVERNMENT AGENCIES - 42.7% (Continued)	Coupon			Maturity		Principal Amount		Fair Value
FEDERAL HOME LOAN MORTGAGE CORPORATION - 11.0% (Continued)
FHLMC (H15T1Y + 223.10) (c)		2.356	%		05/01/34	$	2,078	$	2,051
FHLMC (H15T1Y + 223.10) (c)		3.356	%		05/01/34		25,707		26,092
FHLMC		1.783	%		06/25/34		2,084,061		1,587,179
FHLMC		5.000	%		07/01/35		53,995		54,304
FHLMC		4.500	%		10/01/35		73,074		71,494
FHLMC		2.438	%		02/25/36		4,000,000		3,095,612
FHLMC		5.500	%		03/01/36		20,160		20,848
FHLMC		5.500	%		06/01/36		29,903		30,922
FHLMC		6.000	%		06/01/36		21,803		22,227
FHLMC		5.500	%		12/01/36		24,129		24,952
FHLMC		6.000	%		08/01/37		13,643		14,350
FHLMC		5.000	%		03/01/38		123,281		124,391
FHLMC		4.500	%		06/01/39		130,148		127,693
FHLMC		5.000	%		06/01/39		191,469		193,202
FHLMC		4.500	%		07/01/39		123,290		120,977
FHLMC		4.500	%		11/01/39		112,456		110,330
FHLMC		4.500	%		09/01/40		166,471		163,278
FHLMC		4.500	%		05/01/41		325,209		318,960
FHLMC		4.500	%		07/01/41		380,105		372,835
FHLMC		5.000	%		09/01/41		159,096		160,536
FHLMC		3.500	%		10/01/41		184,647		170,496
FHLMC		4.000	%		10/01/41		198,051		188,039
FHLMC		3.500	%		02/01/42		317,011		291,508
FHLMC		4.000	%		02/01/42		88,357		84,319
FHLMC		3.500	%		06/01/42		361,207		332,145
FHLMC		3.500	%		06/01/42		371,234		340,723
FHLMC		3.500	%		08/01/42		425,808		390,660
FHLMC		3.000	%		11/01/42		832,786		747,556
FHLMC		3.000	%		01/01/43		459,001		411,907
FHLMC		3.000	%		05/01/43		633,108		567,319
FHLMC		3.500	%		10/01/44		364,220		334,912
FHLMC		3.500	%		11/01/44		328,353		301,927
FHLMC		3.500	%		04/01/45		407,889		375,056
FHLMC		3.000	%		05/01/46		697,870		621,334

Schedule of Portfolio Investments (Continued)

Praxis Impact Bond Fund                                 

U.S. GOVERNMENT AGENCIES - 42.7% (Continued)	Coupon			Maturity		Principal Amount		Fair Value
FEDERAL HOME LOAN MORTGAGE CORPORATION - 11.0% (Continued)
FHLMC		3.000	%		12/01/46	$	1,739,798	$	1,549,558
FHLMC		3.500	%		03/01/48		1,959,274		1,799,034
FHLMC		3.500	%		03/01/49		536,156		488,588
FHLMC		3.500	%		07/01/49		873,083		794,230
FHLMC		3.000	%		09/01/49		989,057		866,836
FHLMC		3.000	%		07/01/50		2,434,432		2,132,581
FHLMC		2.000	%		08/01/50		3,334,409		2,715,867
FHLMC		2.000	%		01/01/51		8,226,871		6,700,775
FHLMC		2.500	%		04/01/51		8,055,833		6,801,928
FHLMC		2.500	%		09/01/51		3,221,287		2,715,170
									70,262,519
FEDERAL NATIONAL MORTGAGE ASSOCIATION - 25.4%
FNMA		2.670	%		12/01/23		2,236,490		2,203,063
FNMA (c)		2.620	%		07/25/24		2,439,748		2,364,235
FNMA		2.890	%		12/01/24		4,000,000		3,844,508
FNMA		3.080	%		12/01/24		2,133,629		2,079,742
FNMA		2.710	%		01/01/25		4,500,000		4,303,753
FNMA		5.000	%		04/01/25		18,428		18,162
FNMA		5.000	%		07/01/25		16,021		15,711
FNMA		3.500	%		10/01/25		27,398		26,022
FNMA		5.000	%		10/01/25		21,874		21,449
FNMA		5.500	%		11/01/25		6		6
FNMA		0.500	%		11/07/25		12,000,000		10,686,423
FNMA		4.000	%		03/01/26		122,886		119,066
FNMA		2.910	%		04/01/26		3,000,000		2,905,820
FNMA		2.125	%		04/24/26		2,000,000		1,860,582
FNMA		8.500	%		09/01/26		3,850		3,855
FNMA		2.500	%		09/01/27		276,937		265,240
FNMA		0.750	%		10/08/27		10,000,000		8,500,815
FNMA		2.500	%		11/01/27		433,451		414,474
FNMA		2.500	%		01/01/28		283,500		270,819
FNMA (c)		3.430	%		06/25/28		1,818,021		1,706,331
FNMA		2.522	%		08/27/29		5,792,305		5,138,905
FNMA		0.875	%		08/05/30		17,000,000		13,296,428

Schedule of Portfolio Investments (Continued)

Praxis Impact Bond Fund                                 

U.S. GOVERNMENT AGENCIES - 42.7% (Continued)	Coupon			Maturity		Principal Amount		Fair Value
FEDERAL NATIONAL MORTGAGE ASSOCIATION - 25.4% (Continued)
FNMA		6.625	%		11/15/30	$	12,750,000	$	14,890,272
FNMA (c)		1.561	%		11/25/30		3,000,000		2,374,674
FNMA (c)		1.429	%		12/25/30		5,000,000		3,949,560
FNMA		1.292	%		01/25/31		3,000,000		2,324,628
FNMA		1.376	%		03/25/31		1,000,000		781,322
FNMA		2.000	%		01/01/32		1,235,221		1,106,173
FNMA		3.000	%		12/01/32		526,585		485,224
FNMA		6.000	%		10/01/33		19,055		20,019
FNMA		5.500	%		02/01/34		21,112		21,753
FNMA (H15T1Y + 211.70) (c)		2.795	%		05/01/34		25,404		25,747
FNMA		6.000	%		11/01/34		55,526		58,334
FNMA		5.500	%		01/01/35		29,077		30,022
FNMA		2.500	%		02/01/35		1,225,466		1,113,392
FNMA		5.000	%		10/01/35		48,522		48,901
FNMA		5.500	%		10/01/35		60,059		62,037
FNMA		6.000	%		10/01/35		31,464		33,055
FNMA		5.500	%		06/01/36		16,448		16,926
FNMA		6.000	%		06/01/36		14,649		15,391
FNMA		5.500	%		11/01/36		19,421		20,059
FNMA (12MO LIBOR + 156.50) (c)		2.065	%		05/01/37		2,100		2,096
FNMA		5.625	%		07/15/37		7,750,000		8,742,941
FNMA		4.500	%		09/01/40		100,900		98,596
FNMA		4.500	%		10/01/40		100,340		98,312
FNMA		4.000	%		12/01/40		261,640		249,405
FNMA		4.000	%		01/01/41		186,805		178,074
FNMA		3.500	%		02/01/41		271,994		250,939
FNMA		4.000	%		10/01/41		147,476		139,890
FNMA		4.000	%		11/01/41		150,985		143,209
FNMA		4.000	%		12/01/41		194,196		184,188
FNMA		4.000	%		12/01/41		285,057		271,741
FNMA		4.000	%		01/01/42		615,468		586,765
FNMA		3.500	%		05/01/42		313,102		286,931
FNMA		3.000	%		06/01/42		576,136		516,755
FNMA		3.000	%		08/01/42		426,526		382,684
FNMA		3.000	%		08/01/42		468,194		420,066

Schedule of Portfolio Investments (Continued)

Praxis Impact Bond Fund                                 

U.S. GOVERNMENT AGENCIES - 42.7% (Continued)	Coupon			Maturity		Principal Amount		Fair Value
FEDERAL NATIONAL MORTGAGE ASSOCIATION - 25.4% (Continued)
FNMA		3.500	%		12/01/42	$	655,391	$	601,969
FNMA		3.000	%		06/01/43		526,622		471,580
FNMA		4.000	%		12/01/44		739,707		702,829
FNMA		3.500	%		05/01/45		871,466		800,797
FNMA		3.000	%		04/01/46		685,815		610,955
FNMA		3.500	%		11/01/46		1,148,668		1,055,314
FNMA		4.000	%		10/01/48		540,392		510,624
FNMA		4.000	%		11/01/48		1,358,321		1,291,586
FNMA		3.500	%		05/01/49		447,480		407,360
FNMA		4.000	%		06/01/49		692,242		652,919
FNMA		3.500	%		08/01/49		1,810,175		1,645,498
FNMA		3.000	%		09/01/49		943,132		828,720
FNMA		3.000	%		06/01/50		1,952,548		1,712,572
FNMA		2.500	%		07/01/50		3,126,103		2,641,580
FNMA		2.500	%		08/01/50		2,203,056		1,864,863
FNMA		3.000	%		08/01/50		3,446,076		3,023,852
FNMA		2.000	%		11/01/50		5,515,233		4,496,048
FNMA		2.000	%		01/01/51		9,866,385		8,040,840
FNMA		2.000	%		02/01/51		5,826,036		4,748,445
FNMA		2.500	%		04/01/51		16,640,463		14,053,009
FNMA		2.000	%		08/01/51		3,673,320		2,987,980
FNMA		2.000	%		11/01/51		5,678,833		4,609,806
FNMA		2.500	%		05/01/52		5,864,870		4,932,724
									162,667,360
GOVERNMENT NATIONAL MORTGAGE ASSOCIATION - 0.0% (e)
GNMA		7.000	%		12/20/30		9,089		9,395
GNMA		7.000	%		10/20/31		6,484		6,773
GNMA		7.000	%		03/20/32		27,595		28,890
GNMA (H15T1Y + 150) (c)		2.625	%		01/20/34		18,353		18,197
GNMA		5.500	%		10/20/38		5,147		5,072
GNMA		6.500	%		11/20/38		3,290		3,359
									71,686
SMALL BUSINESS ADMINISTRATION - 0.0% (e)
SBA (Prime - 2.65) (c)		2.850	%		02/25/32		46,004		45,973

Schedule of Portfolio Investments (Continued)

Praxis Impact Bond Fund                                 

U.S. GOVERNMENT AGENCIES - 42.7% (Continued)	Coupon			Maturity		Principal Amount		Fair Value
UNITED STATES AGENCY OF INTERNATIONAL DEVELOPMENT - 0.2%
Hashemite Kingdom of Jordan AID Bond		3.000	%		06/30/25	$	1,450,000	$	1,394,286
TOTAL U.S. GOVERNMENT AGENCIES (COST $313,256,879)								$	273,492,587
ASSET BACKED SECURITIES - 4.2%	Coupon			Maturity		Principal Amount		Fair Value
Ahold Finance U.S.A., LLC		8.620	%		01/02/25	$	207,743	$	214,449
Beacon Container Finance II, LLC (a)		2.250	%		10/22/46		944,667		821,280
Cards II Trust (a)		0.602	%		04/15/27		2,250,000		2,115,739
CLI Funding, LLC (a)		2.720	%		01/18/47		1,261,789		1,090,117
DB Master Finance, LLC (a)		2.493	%		11/20/51		2,009,813		1,660,141
Domino's Pizza Master Issuer, LLC (a)		4.474	%		10/25/45		1,413,750		1,351,980
Iowa Student Loan Liquidity Corp. Rev.		1.730	%		08/25/70		1,246,672		1,089,111
Master Credit Card Trust II (a)		1.990	%		09/21/24		4,000,000		3,953,620
SBA Tower Trust (a)		3.448	%		03/15/48		1,250,000		1,238,504
SBA Tower Trust (a)		2.836	%		01/15/50		282,000		263,898
SolarCity LMC, Series I, LLC (a)(f)		4.800	%		12/20/26		310,478		307,812
Tesla Auto Lease Trust		0.600	%		09/22/25		1,200,000		1,125,247
Textainer Marine Containers VII Ltd. (a)		1.680	%		02/20/46		1,310,000		1,115,490
TIF Funding II, LLC (a)		1.650	%		02/20/46		435,417		360,256
Toyota Auto Receivables Owner Trust		0.260	%		11/17/25		3,000,000		2,871,894
Tribute Rail, LLC (a)		4.760	%		05/17/52		1,982,196		1,890,232
Triton Container Finance VIII, LLC (a)		1.860	%		03/20/46		1,526,875		1,281,574
Triumph Rail, LLC (a)		2.150	%		06/19/51		1,933,158		1,663,765
Vantage Data Centers Issuer, LLC (a)		2.165	%		10/15/46		2,000,000		1,735,794
Wendy's Funding, LLC (a)		3.783	%		06/15/49		684,375		629,025
TOTAL ASSET BACKED SECURITIES (COST $29,301,495)								$	26,779,928
MONEY MARKET FUNDS - 1.8%						Shares		Fair Value
First American Government Obligations Fund - Class X, 2.77% (g) (COST $11,574,915)							11,574,915	$	11,574,915

Schedule of Portfolio Investments (Continued)

Praxis Impact Bond Fund                                 

INVESTMENT PURCHASED WITH THE CASH PROCEEDS FROM SECURITIES LENDING - 2.6%	Shares		Fair Value
Mount Vernon Liquid Assets Portfolio, LLC, 3.16% (g)(h) (COST $16,949,919)		16,949,919	$	16,949,919
INVESTMENT COMPANIES - 0.5%	Shares		Fair Value
Pax High Yield Bond Fund - Institutional Class (COST $4,199,236)		530,984	$	2,957,580
TOTAL INVESTMENTS - (COST $745,028,730) - 101.9%			$	652,793,386
LIABILITIES IN EXCESS OF OTHER ASSETS - (1.9%)				(11,989,794	)
NET ASSETS - 100.0%			$	640,803,592

(a)	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, 2022, these securities were valued at $83,319,267 or 13.0% of net assets.
(b)	All or a portion of the security is on loan. The total fair value of the securities on loan as of September 30, 2022 was $16,486,848.
(c)	Variable rate security. Interest rate resets periodically. The rate shown is the effective interest rate as of September 30, 2022. 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.   0.400%, 12/15/22	12/15/21	$	500,000	$	495,743		0.1	%
Calvert Social Investment Foundation, Inc.   3.000%, 06/15/23	06/18/18		1,650,000		1,622,460		0.3	%
Calvert Social Investment Foundation, Inc.   3.000%, 12/15/23	12/17/18		950,000		922,785		0.1	%
Calvert Social Investment Foundation, Inc.   1.000%, 06/14/24	06/15/21		550,000		511,095		0.1	%
Calvert Social Investment Foundation, Inc.   3.000%, 06/17/24	06/17/19		980,000		941,433		0.1	%
Calvert Social Investment Foundation, Inc.   3.000%, 12/15/24	12/12/19		400,000		380,333		0.1	%
Calvert Social Investment Foundation, Inc.   2.500%, 06/13/25	06/12/20		1,400,000		1,301,087		0.2	%
Calvert Social Investment Foundation, Inc.   2.500%, 12/15/25	12/15/20		650,000		597,335		0.1	%
		$	7,080,000	$	6,772,271		1.1	%

(e)	Percentage rounds to less than 0.1%.
(f)	Security value has been determined in good faith pursuant to procedures adopted by the Board of Trustees. The total fair value of such securities was $307,812 as of September 30, 2022, representing 0.0% (e) of net assets.
(g)	The rate shown is the 7-day effective yield as of September 30, 2022.
(h)	The security was purchased with cash collateral received 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

PO – Principal Only security with a redemption price above par 

SOFR - Secured Overnight Financing Rate 

Schedule of Portfolio Investments

Praxis International Index Fund  

September 30, 2022 (Unaudited)

COMMON STOCKS - 97.7%	Shares		Fair Value
AUSTRALIA - 4.4%
ASX Ltd.		3,087	$	142,061
Australia & New Zealand Banking Group Ltd.		40,646		594,954
Brambles Ltd.		84,413		617,462
Coles Group Ltd.		20,682		218,017
Commonwealth Bank of Australia		19,560		1,137,797
Computershare Ltd.		20,272		323,310
CSL Ltd. - ADR		7,282		664,446
CSL Ltd.		3,640		661,935
Dexus		158,141		786,608
Fortescue Metals Group Ltd.		63,440		680,988
Goodman Group		44,189		446,569
GPT Group (The)		86,547		212,987
Lendlease Group		22,661		129,544
Macquarie Group Ltd. - ADR		2,747		275,524
Macquarie Group Ltd.		2,144		209,150
Mirvac Group		157,601		196,306
National Australia Bank Ltd.		36,653		678,592
Origin Energy Ltd.		41,376		137,272
REA Group Ltd.		6,602		480,491
Scentre Group		175,279		286,358
SEEK Ltd.		49,532		601,944
Sonic Healthcare Ltd.		7,195		140,327
South32 Ltd.		255,820		607,237
Stockland		68,242		142,805
Transurban Group		200,755		1,585,299
Vicinity Centres		397,679		443,364
Wesfarmers Ltd.		32,429		886,479
Woolworths Group Ltd.		28,598		621,395
				13,909,221
AUSTRIA - 0.2%
Verbund AG		6,899		588,936
BELGIUM - 0.8%
Elia System Operator S.A./N.V.		4,015		472,383
Groupe Bruxelles Lambert N.V.		6,989		488,708

Schedule of Portfolio Investments (Continued)

Praxis International Index Fund

COMMON STOCKS - 97.7% (Continued)	Shares		Fair Value
BELGIUM - 0.8% (Continued)
KBC Group N.V. - ADR		1,592	$	37,316
KBC Group N.V.		15,375		729,502
UCB S.A.		7,663		531,721
Umicore S.A.		3,663		107,521
				2,367,151
BERMUDA - 0.6%
China Gas Holdings Ltd.		115,000		137,546
Credicorp Ltd.		7,803		958,209
Hongkong Land Holdings Ltd.		35,400		155,548
Shenzhen International Holdings Ltd.		799,000		609,062
				1,860,365
BRAZIL - 1.7%
Banco Bradesco S.A. - ADR (a)		268,213		987,024
Banco do Brasil S.A. - ADR (a)		98,038		706,854
Banco Santander Brasil S.A. - ADR		143,531		809,515
BRF S.A. - ADR (a)(b)		58,854		137,718
Cia Energética de Minas Gerais - ADR (a)		281,777		569,189
Gerdau S.A. - ADR		79,331		358,576
Getnet Adquirencia e Servicos para Meios de Pagamento S.A. - ADR		7,516		13,003
Sendas Distribuidora S.A. - ADR		17,197		277,388
Suzano S.A. - ADR		78,845		650,471
Telefónica Brasil S.A. - ADR		91,332		686,817
TIM S.A. - ADR (a)		24,867		278,013
				5,474,568
CANADA - 8.5%
Bank of Montreal (a)		20,716		1,815,550
Bank of Nova Scotia (The) (a)		27,062		1,287,339
BCE, Inc.		11,273		472,790
Cameco Corp.		22,596		599,020
Canadian Imperial Bank of Commerce (a)		27,136		1,187,471
Canadian National Railway Co.		15,841		1,710,670
Canadian Pacific Railway Ltd. (a)		19,191		1,280,423
CGI, Inc. (b)		8,100		609,444
Franco-Nevada Corp.		15,923		1,902,480
Gildan Activewear, Inc.		18,362		519,094

Schedule of Portfolio Investments (Continued)

Praxis International Index Fund

COMMON STOCKS - 97.7% (Continued)	Shares		Fair Value
CANADA - 8.5% (Continued)
Magna International, Inc. (a)		2,707	$	128,366
Manulife Financial Corp. (a)		76,580		1,200,009
Methanex Corp.		15,712		500,741
Nutrien Ltd. (a)		13,124		1,094,279
Open Text Corp.		11,725		310,009
Restaurant Brands International, Inc.		11,589		616,303
Ritchie Bros. Auctioneers, Inc.		2,472		154,451
Royal Bank of Canada (a)		32,068		2,887,403
Sun Life Financial, Inc.		39,338		1,564,079
Teck Resources Ltd. - Class B		53,368		1,622,921
Thomson Reuters Corp.		20,428		2,096,321
Toronto-Dominion Bank (The) (a)		26,902		1,649,900
Wheaton Precious Metals Corp.		40,117		1,298,186
				26,507,249
CAYMAN ISLANDS - 5.0%
Alibaba Group Holding Ltd. - ADR (a)(b)		30,148		2,411,539
Autohome, Inc. - ADR		2,537		72,964
Baidu, Inc. - ADR (a)(b)		4,552		534,815
China Literature Ltd. (b)		83,000		233,422
China Mengniu Dairy Co. Ltd. (b)		98,000		387,403
ENN Energy Holdings Ltd.		31,800		423,994
GDS Holdings Ltd. - ADR (a)(b)		6,020		106,313
Genscript Biotech Corp. (b)		112,000		242,452
H World Group Ltd. - ADR		6,096		204,460
Hengan International Group Co. Ltd.		99,000		442,610
JD.com, Inc. - ADR		11,792		593,138
KE Holdings, Inc. (b)		7,107		124,515
Kingdee International Software Group Co. Ltd. (b)		100,000		130,335
Li Auto, Inc. - Class A (b)		14,389		331,091
Meituan - ADR (b)		34,299		1,445,703
NetEase, Inc. - ADR		11,960		904,176
NIO, Inc. - ADR (b)		28,907		455,863
Shenzhou International Group Holdings Ltd.		48,000		370,634
Sunny Optical Technology Group Co. Ltd.		19,200		182,469
Tencent Holdings Ltd. - ADR (a)		101,986		3,449,167
Tingyi Cayman Islands Holding Corp.		276,000		475,302

Schedule of Portfolio Investments (Continued)

Praxis International Index Fund

COMMON STOCKS - 97.7% (Continued)	Shares		Fair Value
CAYMAN ISLANDS - 5.0% (Continued)
Trip.com Group Ltd. - ADR (a)(b)		22,788	$	622,340
Vipshop Holdings Ltd. - ADR (b)		21,137		177,762
VNET Group, Inc. - ADR (a)(b)		23,314		128,227
WuXi Biologics Cayman, Inc. (b)		122,072		726,674
Xinyi Solar Holdings Ltd.		100,000		105,013
ZTO Express Cayman, Inc. - ADR (a)		19,738		474,304
				15,756,685
CHILE - 0.3%
Sociedad Quimica y Minera de Chile S.A. - ADR		10,226		928,009
CHINA - 2.9%
Agricultural Bank of China Ltd. - H Shares		1,583,000		473,783
ANTA Sports Products Ltd.		50,400		529,037
Bank of China Ltd. - H Shares		1,903,000		621,509
BYD Co. Ltd. - H Shares		23,000		566,617
China Life Insurance Co. Ltd. - H Shares		376,000		481,065
China Merchants Bank Co. Ltd. - H Shares		66,820		309,233
China Minsheng Banking Corp. Ltd. - H Shares		456,500		130,535
China Pacific Insurance Group Co. Ltd. - H Shares		100,200		184,004
China Resources Land Ltd.		134,000		524,862
China Vanke Co. Ltd. - H Shares		168,574		305,078
COSCO SHIPPING Holdings Co. Ltd. - H Shares		87,500		101,777
Haier Smart Home Co. Ltd. - H Shares		241,230		734,056
Huatai Securities Co. Ltd. - H Shares		117,400		128,753
Industrial & Commercial Bank of China Ltd. - H Shares		1,118,000		524,459
Jiangsu Expressway Co. Ltd. - H Shares		720,000		540,556
New World Development Co. Ltd.		72,768		206,667
PICC Property & Casualty Co. Ltd. - H Shares		146,000		150,976
Ping An Insurance Group Co. of China Ltd. - H Shares		256,818		1,281,209
Sinopharm Group Co. Ltd. - H Shares		427,200		852,598
TravelSky Technology Ltd. - H Shares		217,000		332,134
				8,978,908
COLOMBIA - 0.3%
Bancolombia S.A. - ADR		32,931		802,528

Schedule of Portfolio Investments (Continued)

Praxis International Index Fund

COMMON STOCKS - 97.7% (Continued)	Shares		Fair Value
DENMARK - 1.7%
A.P. Moller-Maersk A/S - Series B		67	$	121,747
Chr. Hansen Holding A/S		1,812		89,253
Coloplast A/S - Series B		2,036		206,895
DSV A/S		4,551		533,107
Genmab A/S (b)		932		299,811
Novo Nordisk A/S - ADR		29,898		2,978,738
Novozymes A/S - Class B		3,368		169,239
Orsted A/S		4,694		374,094
Pandora A/S		1,085		50,738
Vestas Wind Systems A/S		21,015		386,924
				5,210,546
FINLAND - 0.7%
Neste OYJ		20,268		883,347
Nokia Corp. - ADR		120,955		516,478
Sampo plc - A Shares		3,751		160,114
Stora Enso OYJ - R Shares		11,015		139,909
UPM-Kymmene OYJ		20,395		647,133
				2,346,981
FRANCE - 6.0%
Accor S.A. (b)		11,801		247,026
Aeroports de Paris (b)		1,860		214,912
Air Liquide S.A. - ADR		1,327		30,149
Air Liquide S.A.		9,728		1,111,745
Alstom S.A. - ADR		41,500		65,570
Alstom S.A.		10,037		162,333
Arkema S.A.		1,887		137,503
AXA S.A.		33,469		730,623
BNP Paribas S.A.		3,140		132,613
Bollore SE		82,440		378,186
Bureau Veritas S.A.		6,434		143,957
Capgemini SE - ADR		6,425		205,729
Capgemini SE		5,024		804,232
Carrefour S.A.		14,741		204,415
Cie Generale des Etablissements Michelin SCA - ADR		28,976		322,068
Cie Generale des Etablissements Michelin SCA		18,076		404,948
Covivio		5,514		265,592

Schedule of Portfolio Investments (Continued)

Praxis International Index Fund

COMMON STOCKS - 97.7% (Continued)	Shares		Fair Value
FRANCE - 6.0% (Continued)
Danone S.A. - ADR		54,195	$	510,246
Danone S.A.		6,488		306,744
Dassault Systemes SE - ADR		3,725		128,475
Dassault Systemes SE		9,814		338,781
EssilorLuxottica S.A.		4,430		602,053
Eurofins Scientific SE		2,307		136,934
Getlink SE		77,043		1,194,564
Henkel AG & Co. KGaA		4,390		248,760
Hermes International		830		976,042
Kering S.A.		1,685		747,274
Klepierre S.A. (b)		22,849		397,180
Legrand S.A.		10,029		648,375
L'Oreal S.A. - ADR		21,745		1,385,809
L'Oreal S.A.		1,380		441,182
Publicis Groupe S.A. (b)		12,555		594,806
Sartorius Sedim Biotech		1,319		404,529
Schneider Electric SE		10,419		1,176,668
Societe Generale S.A.		23,503		464,732
Solvay S.A.		809		62,626
Teleperformance		1,454		368,804
Unibail-Rodamco-Westfield (b)		6,388		264,298
Unibail-Rodamco-Westfield - CDI (b)		45,646		89,050
Valeo		28,541		431,190
Veolia Environnement S.A.		6,731		128,626
Vivendi SE - ADR		13,553		104,223
Vivendi SE		21,180		164,261
Wendel SE		8,457		605,225
Worldline S.A. (b)		11,073		437,607
				18,920,665
GERMANY - 3.5%
adidas AG - ADR		2,402		137,899
adidas AG		1,323		152,072
Allianz SE - ADR		76,050		1,187,140
Allianz SE		239		37,645
BASF SE		3,729		143,093
Bayerische Motoren Werke AG - ADR		2		45

Schedule of Portfolio Investments (Continued) 

Praxis International Index Fund

COMMON STOCKS - 97.7% (Continued)	Shares		Fair Value
GERMANY - 3.5% (Continued)
Bayerische Motoren Werke AG		2,092	$	141,771
Brenntag AG		6,380		385,629
Commerzbank AG (b)		24,099		171,537
Continental AG - ADR		7,120		31,399
Continental AG		6,571		291,536
Daimler Truck Holding AG (b)		9,334		210,988
Deutsche Boerse AG		5,965		977,685
Deutsche Post AG - ADR		14,832		445,850
Deutsche Post AG		10,161		306,206
Deutsche Telekom AG - ADR		30,009		511,954
Deutsche Telekom AG		25,629		436,187
Fraport AG Frankfurt Airport Services Worldwide (b)		1,961		70,505
Fresenius Medical Care AG & Co.		4,696		132,282
Hannover Rueck SE		1,159		173,716
Infineon Technologies AG - ADR		12,109		265,914
Mercedes-Benz Group AG		18,669		943,903
Merck KGaA		2,309		373,730
Muenchener Rueckversicherungs-Gesellschaft AG - ADR		18,890		455,249
Muenchener Rueckversicherungs-Gesellschaft AG		1,787		430,107
RWE AG		13,344		490,403
Sartorius AG		918		317,495
Siemens AG		5,494		536,924
Telefonica Deutschland Holding AG		166,204		335,987
Vitesco Technologies Group AG (b)		1		49
Vonovia SE		32,704		705,711
Zalando SE (b)		6,837		133,528
				10,934,139
HONG KONG - 2.2%
AAC Technologies Holdings, Inc. (b)		92,000		142,988
AIA Group Ltd. - ADR		44,918		1,485,887
AIA Group Ltd.		57,569		479,313
BYD Electronic International Co. Ltd.		86,500		206,704
Geely Automobile Holdings Ltd.		93,000		127,269
Hang Seng Bank Ltd.		16,100		244,599
Hong Kong Exchanges & Clearing Ltd.		26,978		922,171
Lenovo Group Ltd.		562,000		388,732

Schedule of Portfolio Investments (Continued) 

Praxis International Index Fund

COMMON STOCKS - 97.7% (Continued)	Shares		Fair Value
HONG KONG - 2.2% (Continued)
Link REIT		95,500	$	666,637
Minth Group Ltd.		64,000		140,544
New China Life Insurance Co. Ltd. - H Shares		87,400		166,450
Shandong Weigao Group Medical Polymer Co. Ltd. - H Shares		132,000		176,834
Sino Land Co. Ltd.		144,000		189,407
Swire Properties Ltd.		206,350		443,914
Techtronic Industries Co. Ltd.		24,500		233,781
Wharf Holdings Ltd. (The)		166,000		530,869
Zhongsheng Group Holdings Ltd.		86,000		341,018
				6,887,117
INDIA - 4.1%
HDFC Bank Ltd. - ADR		30,589		1,787,009
ICICI Bank Ltd. - ADR		216,049		4,530,548
Infosys Ltd. - ADR (a)		225,391		3,824,885
Wipro Ltd. - ADR		577,008		2,717,708
				12,860,150
INDONESIA - 0.8%
Bank Mandiri Persero Tbk PT - ADR		87,101		1,067,850
Telkom Indonesia Persero Tbk PT - ADR		50,040		1,443,654
				2,511,504
IRELAND - 0.4%
CRH plc - ADR (a)		14,500		467,335
Kingspan Group plc		2,206		99,377
Smurfit Kappa Group plc		20,818		595,294
				1,162,006
ISRAEL - 0.6%
Check Point Software Technologies Ltd. (b)		4,473		501,066
CyberArk Software Ltd. (b)		2,299		344,712
ICL Group Ltd.		84,780		693,500
Nice Ltd. - ADR (a)(b)		2,630		495,071
				2,034,349
ITALY - 1.5%
Assicurazioni Generali S.p.A.		24,438		333,637
Enel S.p.A.		63,194		259,136
Intesa Sanpaolo S.p.A. - ADR		9,135		90,254
Intesa Sanpaolo S.p.A.		276,901		457,657

Schedule of Portfolio Investments (Continued)

Praxis International Index Fund

COMMON STOCKS - 97.7% (Continued)	Shares		Fair Value
ITALY - 1.5% (Continued)
Mediobanca Banca di Credito Finanziario S.p.A.		49,451	$	386,886
Moncler S.p.A.		7,061		288,221
Poste Italiane S.p.A.		93,753		708,205
Telecom Italia S.p.A.		591,414		109,377
Terna - Rete Elettrica Nazionale S.p.A.		227,512		1,385,473
UniCredit S.p.A.		52,597		532,422
				4,551,268
JAPAN - 14.5%
Advantest Corp.		4,800		221,667
Aeon Co. Ltd.		7,900		147,521
AGC, Inc.		10,000		311,319
Asahi Intecc Co. Ltd.		11,100		177,026
Asahi Kasei Corp.		50,000		331,366
Astellas Pharma, Inc.		34,300		454,382
Azbil Corp.		10,400		271,098
Bandai Namco Holdings, Inc.		6,200		404,043
Bridgestone Corp.		33,456		1,081,998
Brothers Industries Ltd.		13,900		240,144
Canon, Inc. - ADR		9,876		215,297
Canon, Inc.		22,800		498,010
Chiba Bank Ltd. (The)		28,700		155,420
CyberAgent, Inc.		13,700		115,356
Dai Nippon Printing Co. Ltd.		61,318		1,228,459
Dai-ichi Life Holdings, Inc.		16,346		259,907
Daiichi Sankyo Co. Ltd. - ADR		5,703		160,026
Daiichi Sankyo Co. Ltd.		23,430		654,889
Daiwa House Industry Co. Ltd.		30,000		609,978
Denso Corp.		10,000		457,232
Dentsu Group, Inc.		4,300		122,238
ENEOS Holdings, Inc.		167,700		540,858
FANUC Corp. - ADR		10,090		141,260
FANUC Corp.		800		112,332
Fast Retailing Co. Ltd. - ADR		1,220		64,721
Fast Retailing Co. Ltd.		1,200		635,933
FUJIFILM Holdings Corp. - ADR		8,601		391,604
FUJIFILM Holdings Corp.		1,500		68,512

Schedule of Portfolio Investments (Continued)

Praxis International Index Fund

COMMON STOCKS - 97.7% (Continued)	Shares		Fair Value
JAPAN - 14.5% (Continued)
Fujitsu Ltd.		4,868	$	533,786
Hitachi Construction Machinery Co. Ltd.		7,800		144,961
Honda Motor Co. Ltd.		7,800		169,305
Hoya Corp. - ADR		1,273		122,554
Hoya Corp.		6,861		661,116
Ibiden Co. Ltd.		4,600		125,758
Idemitsu Kosan Co. Ltd.		13,300		289,052
Japan Exchange Group, Inc.		20,800		281,113
Kao Corp.		29,400		1,196,297
KDDI Corp. - ADR		43,814		642,313
Keyence Corp.		3,600		1,190,018
Kintetsu Group Holdings Co. Ltd.		10,728		357,175
Kubota Corp. - ADR		7,274		506,270
Kubota Corp.		24,000		333,526
Lixil Corp.		15,100		221,559
Mitsubishi Corp.		44,800		1,225,290
Mitsubishi Estate Co. Ltd.		14,300		188,419
Mitsubishi UFJ Financial Group, Inc. - ADR		25,008		112,536
Mitsubishi UFJ Financial Group, Inc.		317,209		1,436,997
Mitsui & Co. Ltd. - ADR		1,350		579,785
Mitsui & Co. Ltd.		49,190		1,046,752
Mitsui Chemicals, Inc.		7,100		138,392
Mitsui OSK Lines Ltd.		21,700		388,269
Mizuho Financial Group, Inc.		65,200		705,766
Murata Manufacturing Co. Ltd. - ADR		916		10,525
Murata Manufacturing Co. Ltd.		12,900		593,751
Nexon Co. Ltd.		13,700		242,048
Nidec Corp. - ADR (a)		34,780		486,572
Nintendo Co. Ltd. - ADR		14,840		756,395
Nintendo Co. Ltd.		3,000		121,003
Nippon Building Fund, Inc.		33		145,216
Nippon Prologis REIT, Inc.		175		383,673
Nippon Sanso Holdings Corp.		9,300		147,005
Nippon Telegraph & Telephone Corp.		5,200		140,256
Nippon Yusen KK		13,800		234,239
Nitori Holdings Co. Ltd.		1,100		92,312

Schedule of Portfolio Investments (Continued) 

Praxis International Index Fund

COMMON STOCKS - 97.7% (Continued)	Shares		Fair Value
JAPAN - 14.5% (Continued)
Nomura Holdings, Inc. - ADR (a)		47,702	$	157,417
Nomura Real Estate Holdings, Inc.		6,900		155,831
Nomura Research Institute Ltd.		16,000		390,772
Odakyu Electric Railway Co. Ltd.		10,400		134,005
Olympus Corp.		16,400		315,499
Omron Corp.		2,900		132,870
Ono Pharmaceutical Co. Ltd.		6,900		161,175
Oriental Land Co. Ltd.		4,160		564,216
ORIX Corp.		16,800		235,352
Pan Pacific International Holdings Corp.		10,900		192,285
Persol Holdings Co. Ltd.		8,000		147,988
Pinduoduo, Inc. - ADR (b)		8,211		513,844
Recruit Holdings Co. Ltd.		28,250		813,760
Resona Holdings, Inc.		45,300		165,774
Ricoh Co. Ltd.		25,500		186,716
Secom Co. Ltd.		2,700		153,952
Seiko Epson Corp.		30,300		413,730
Sekisui House Ltd. - ADR		21,690		359,403
Sekisui House Ltd.		8,000		132,498
Seven & i Holdings Co. Ltd.		18,900		759,214
Sharp Corp.		20,600		122,834
Shimadzu Corp.		17,000		446,017
Shimano, Inc.		2,084		326,073
Shin-Etsu Chemical Co. Ltd.		3,400		336,453
Shionogi & Co. Ltd.		3,400		164,200
Shiseido Co. Ltd. - ADR		7,565		265,607
Shiseido Co. Ltd.		2,100		73,599
SoftBank Corp.		33,205		331,583
SoftBank Group Corp. - ADR		12,750		214,965
SoftBank Group Corp.		13,000		440,585
Sony Group Corp. - ADR		23,139		1,482,053
Sony Group Corp.		2,000		128,829
Sumitomo Corp.		23,254		287,289
Sumitomo Metal Mining Co. Ltd.		8,000		229,252
Sumitomo Mitsui Trust Holdings, Inc.		19,600		557,418
Suntory Beverage & Food Ltd.		7,600		270,478

Schedule of Portfolio Investments (Continued)

Praxis International Index Fund

COMMON STOCKS - 97.7% (Continued)	Shares		Fair Value
JAPAN - 14.5% (Continued)
Takeda Pharmaceutical Co. Ltd. - ADR (a)		17,704	$	229,621
Takeda Pharmaceutical Co. Ltd.		26,800		695,937
TDK Corp.		11,700		361,183
Terumo Corp.		10,972		308,425
Toho Co. Ltd.		4,100		149,087
Tokyo Electron Ltd. - ADR		1,464		90,578
Tokyo Electron Ltd.		1,900		468,150
Toppan, Inc.		55,900		832,690
Toray Industries, Inc.		50,000		246,092
TOTO Ltd.		5,000		166,968
Toyota Motor Corp. - ADR (a)		12,112		1,578,073
USS Co. Ltd.		31,120		480,621
Yamaha Corp.		18,800		668,046
Yamaha Motor Co. Ltd.		31,100		582,688
Yokogawa Electric Corp.		36,800		579,753
Z Holdings Corp.		54,000		143,136
				45,367,184
JERSEY - 0.8%
Experian plc - ADR		11,145		326,103
Ferguson plc		508		52,702
Ferguson plc		5,680		584,642
Glencore plc		248,450		1,305,792
WPP plc - ADR		1,188		48,934
WPP plc		34,966		288,692
				2,606,865
LUXEMBOURG - 0.0% (c)
Aroundtown S.A.		34,293		75,081
MEXICO - 1.0%
Fomento Economico Mexicano S.A.B. de C.V. - ADR		12,776		801,694
Grupo Aeroportuario del Pacifico S.A.B. de C.V. - ADR		2,661		337,361
Grupo Aeroportuario del Sureste S.A.B. de C.V. - ADR		3,153		618,524
Grupo Televisa S.A.B. - ADR		39,194		210,864
Wal-Mart de Mexico S.A.B. de C.V. - ADR (a)		32,608		1,141,280
				3,109,723

Schedule of Portfolio Investments (Continued)

Praxis International Index Fund

COMMON STOCKS - 97.7% (Continued)	Shares		Fair Value
NETHERLANDS - 2.7%
Adyen N.V. (b)		349	$	435,198
Aegon N.V. (a)		48,989		193,996
Akzo Nobel N.V. - ADR		9,200		174,616
Argenx SE - ADR (b)		1,002		353,756
ASML Holding N.V. - ADR (a)		6,611		2,745,879
EXOR N.V. (b)		3,298		211,615
ING Groep N.V. - ADR (a)		40,673		345,721
ING Groep N.V.		12,870		110,260
Koninklijke Ahold Delhaize N.V. - ADR		24,466		622,415
Koninklijke Ahold Delhaize N.V.		5,491		139,844
Koninklijke DSM N.V.		2,622		298,317
NN Group N.V.		10,306		400,784
OCI N.V.		9,087		332,643
Prosus N.V. (b)		13,725		713,965
QIAGEN N.V. (b)		7,847		323,924
Randstad Holding N.V.		3,477		150,049
Stellantis N.V.		42,053		497,284
STMicroelectronics N.V. - ADR (a)		7,808		241,580
Wolters Kluwer N.V.		1,707		166,193
				8,458,039
NORWAY - 2.3%
Aker BP ASA		56,057		1,609,214
Equinor ASA - ADR (a)		158,981		5,263,861
Norsk Hydro ASA		79,990		429,254
				7,302,329
PORTUGAL - 0.5%
Galp Energia SGPS S.A.		152,926		1,471,153
Jeronimo Martins SGPS S.A.		8,104		150,903
				1,622,056
RUSSIA - 0.0% (c)
Mobile TeleSystems PJSC - ADR (d)(e)		86,910		869
SINGAPORE - 1.8%
BOC Aviation Ltd.		87,700		619,991
CapitaLand Ascendas REIT		167,800		313,015
CapitaLand Integrated Commercial Trust		522,925		695,611

Schedule of Portfolio Investments (Continued)

Praxis International Index Fund

COMMON STOCKS - 97.7% (Continued)	Shares		Fair Value
SINGAPORE - 1.8% (Continued)
CapitaLand Investment Ltd.		183,000	$	440,289
CDL Hospitality Trusts		28,826		23,324
City Developments Ltd.		203,900		1,074,616
DBS Group Holdings Ltd. - ADR		11,392		1,055,070
Singapore Telecommunications Ltd.		216,000		398,586
Venture Corp. Ltd.		84,300		957,930
				5,578,432
SOUTH AFRICA - 1.1%
FirstRand Ltd.		201,574		672,947
Gold Fields Ltd. - ADR (a)		14,088		113,972
Impala Platinum Holdings Ltd. - ADR		29,987		276,780
Mr Price Group Ltd.		56,059		534,112
MTN Group Ltd.		18,970		125,171
MultiChoice Group Ltd.		72,496		463,201
Naspers Ltd. - Class N - ADR (a)		32,275		800,420
Standard Bank Group Ltd.		44,968		355,257
				3,341,860
SOUTH KOREA - 4.0%
Celltrion, Inc.		4,101		493,861
Hyundai Mobis Co. Ltd.		7,311		957,588
KB Financial Group, Inc. - ADR		27,719		835,451
Korea Electric Power Corp. - ADR (b)		13,750		93,500
KT Corp. - ADR (a)		39,515		482,873
LG Display Co. Ltd. - ADR		3		12
NAVER Corp.		8,715		1,151,970
POSCO Holdings, Inc. - ADR (a)		13,630		498,994
Samsung Electronics Co. Ltd.		115,093		4,193,332
Shinhan Financial Group Co. Ltd. - ADR		39,688		912,824
Shinhan Financial Group Co. Ltd.		29,265		674,525
SK Hynix, Inc.		15,952		905,377
SK Telecom Co. Ltd. - ADR (a)		27,863		536,641
Woori Financial Group, Inc. - ADR		34,279		765,107
				12,502,055
SPAIN - 1.8%
Aena SME S.A. (b)		5,525		573,302
Amadeus IT Group S.A. (b)		7,348		340,625

Schedule of Portfolio Investments (Continued)

Praxis International Index Fund

COMMON STOCKS - 97.7% (Continued)	Shares		Fair Value
SPAIN - 1.8% (Continued)
Cellnex Telecom S.A. - ADR		10,780	$	165,904
Cellnex Telecom S.A.		4,067		125,435
Grifols S.A. (b)		13,304		81,953
Iberdrola S.A. - ADR		13,039		485,181
Iberdrola S.A.		29,928		279,015
Industria de Diseno Textil S.A.		34,462		711,079
Naturgy Energy Group S.A.		12,657		292,761
Repsol S.A.		178,289		2,048,296
Siemens Gamesa Renewable Energy S.A. (b)		11,865		206,836
Telefónica S.A.		92,766		306,634
				5,617,021
SWEDEN - 1.6%
Atlas Copco AB		35,688		331,653
Atlas Copco AB - Class A - ADR		40,296		371,529
Boliden AB (b)		20,477		632,572
Essity AB - Series B		7,919		156,433
H & M Hennes & Mauritz AB - B Shares		19,185		177,344
Hexagon AB - B Shares		53,748		501,893
Industrivarden AB		11,816		237,974
Investor AB - B Shares		119,025		1,736,491
Svenska Cellulosa AB S.C.A. - Series B		16,418		208,292
Svenska Handelsbanken AB - A Shares		31,343		257,261
Telefonaktiebolaget LM Ericsson - B Shares		42,832		250,339
				4,861,781
SWITZERLAND - 6.7%
ABB Ltd. - ADR (a)		39,077		1,002,716
ABB Ltd.		5,783		149,315
Adecco Group AG - ADR		4,418		60,350
Adecco Group AG		14,312		395,009
Barry Callebaut AG		553		1,042,424
Clariant AG (b)		10,218		164,658
Coca-Cola HBC AG (b)		26,042		544,221
Geberit AG		1,928		826,712
Givaudan S.A.		223		673,691
Groupe Bruxelles Lambert N.V.		2,460		172,306
Holcim Ltd. (b)		8,532		349,649

Schedule of Portfolio Investments (Continued)

Praxis International Index Fund

COMMON STOCKS - 97.7% (Continued)	Shares		Fair Value
SWITZERLAND - 6.7% (Continued)
Julius Baer Group Ltd. (b)		3,557	$	155,226
Keuhne + Nagel International AG		643		130,937
Logitech International S.A. (a)		5,031		231,426
Lonza Group AG - ADR		1,070		52,077
Lonza Group AG		2,080		1,012,744
Nestlé S.A. - ADR		37,439		4,028,811
Nestlé S.A.		4,022		435,013
Partners Group Holding AG		570		458,732
Roche Holding AG - ADR (a)		90,312		3,668,473
Roche Holding AG		2,204		717,481
Sika AG		852		171,247
Sonova Holding AG		1,992		438,366
Swatch Group AG (The)		707		158,793
Swiss Life Holding AG		1,691		747,111
Swiss Re AG		9,611		708,857
Swisscom AG		981		459,349
Temenos AG		3,323		224,029
UBS Group AG (a)		39,428		572,026
UBS Group AG		9,486		137,642
Zurich Insurance Group AG - ADR		24,700		982,566
Zurich Insurance Group AG		492		196,138
				21,068,095
TAIWAN - 4.8%
ASE Technology Holding Co. Ltd. - ADR		126,937		633,416
AUO Corp. - ADR (a)		144,653		934,458
Chunghwa Telecom Co. Ltd. - ADR		134,305		4,771,857
Taiwan Semiconductor Manufacturing Co. Ltd. - ADR		113,683		7,794,106
United Microelectronics Corp. - ADR (a)(b)		154,753		861,974
				14,995,811
TURKEY - 0.0% (c)
Turkcell Iletisim Hizmetleri A.S. - ADR		58,775		156,341
UNITED KINGDOM - 7.9%
3i Group plc		68,813		826,384
Antofagasta plc		47,452		581,287
Ashtead Group plc		11,037		495,740

Schedule of Portfolio Investments (Continued) 

Praxis International Index Fund

COMMON STOCKS - 97.7% (Continued)	Shares		Fair Value
UNITED KINGDOM - 7.9% (Continued)
AstraZeneca plc - ADR (a)		51,316	$	2,814,169
Aviva plc		147,903		634,422
Barratt Developments plc		56,585		213,889
British Land Co. plc (The)		62,287		241,225
BT Group plc		130,919		176,019
Bunzl plc		5,822		177,905
Burberry Group plc		13,434		268,389
Coca-Cola Europacific Partners plc (a)		18,549		790,558
Compass Group plc		35,682		710,615
GSK plc - ADR (a)		34,149		1,005,005
GSK plc		27,901		403,023
Haleon plc - ADR (b)		50,072		304,938
Halma plc		6,736		151,530
HSBC Holdings plc - ADR (a)		56,042		1,461,015
HSBC Holdings plc		27,340		141,583
Informa plc		99,047		566,222
InterContinental Hotels Group plc - ADR		2,515		122,254
J Sainsbury plc		86,209		166,974
Kingfisher plc		161,921		394,206
Land Securities Group plc		37,958		219,278
Legal & General Group plc		210,040		501,432
Lloyds Banking Group plc		437,921		197,939
London Stock Exchange Group plc		7,929		669,690
Mondi plc		24,044		369,426
National Grid plc - ADR (a)		5,768		297,225
National Grid plc		49,369		508,281
NatWest Group plc		160,250		399,194
PEARSON plc - ADR		42,312		404,080
PEARSON plc		24,794		236,806
Prudential plc - ADR		10,228		203,742
Reckitt Benckiser Group plc - ADR		34,350		456,512
Reckitt Benckiser Group plc		3,212		212,926
RELX plc - ADR		19,899		483,745
RELX plc		61,542		1,504,036
Rentokil Initial plc		28,495		151,058
Rio Tinto plc - ADR (a)		9,034		497,412

Schedule of Portfolio Investments (Continued)

Praxis International Index Fund

COMMON STOCKS - 97.7% (Continued)	Shares		Fair Value
UNITED KINGDOM - 7.9% (Continued)
Sage Group plc (The) - ADR		2,320	$	72,245
Sage Group plc (The)		14,027		108,116
Segro plc		49,056		409,266
Severn Trent plc		16,234		424,442
Taylor Wimpey plc		108,822		105,979
Tesco plc - ADR		5,503		37,696
Tesco plc		144,166		330,918
Unilever plc - ADR		44,516		1,951,581
United Utilities Group plc		59,321		585,827
Vodafone Group plc - ADR		40,631		460,349
Whitbread plc		5,438		137,805
				24,584,358
TOTAL COMMON STOCKS (Cost $280,471,754)			$	305,840,245

CORPORATE NOTES - 1.0%	Coupon			Maturity		Par Value		Fair Value
COMMUNITY DEVELOPMENT - 1.0%
Calvert Social Investment Foundation, Inc. (d)		3.000	%		06/15/23	$	870,000	$	855,479
Calvert Social Investment Foundation, Inc. (d)		3.000	%		12/15/23		480,000		466,249
Calvert Social Investment Foundation, Inc. (d)		1.000	%		06/14/24		450,000		418,169
Calvert Social Investment Foundation, Inc. (d)		3.000	%		06/17/24		290,000		278,587
Calvert Social Investment Foundation, Inc. (d)		3.000	%		12/15/24		120,000		114,100
Calvert Social Investment Foundation, Inc. (d)		2.500	%		06/13/25		500,000		464,674
Calvert Social Investment Foundation, Inc. (d)		2.500	%		12/15/25		400,000		367,591
TOTAL CORPORATE NOTES (Cost $3,110,000)								$	2,964,849

MONEY MARKET FUNDS - 1.5%	Shares		Fair Value
First American Government Obligations Fund - Class X, 2.77% (f) (Cost $4,802,476)		4,802,476	$	4,802,476

Schedule of Portfolio Investments (Continued)

Praxis International Index Fund

INVESTMENT PURCHASED WITH THE CASH PROCEEDS FROM SECURITIES LENDING - 13.4%	Shares		Fair Value
Mount Vernon Liquid Assets Portfolio, LLC, 3.16% (f)(g) (Cost $42,089,652)		42,089,652	$	42,089,652
TOTAL INVESTMENTS - (Cost $330,473,882) - 113.6%			$	355,697,222
LIABILITES IN EXESS OF OTHER ASSETS - (13.6%)				(42,570,110	)
NET ASSETS - 100.0%			$	313,127,112

(a)	All or a portion of the security is on loan. The total fair value of the securities on loan as of September 30, 2022 was $40,241,235.
(b)	Non-income producing security.
(c)	Percentage rounds to less than 0.1%.
(d)	Restricted and/or 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. 3.000%, 06/15/23	06/18/18	$	870,000	$	855,479		0.3	%
Calvert Social Investment Foundation, Inc. 3.000%, 12/15/23	12/17/18		480,000		466,249		0.2	%
Calvert Social Investment Foundation, Inc. 1.000%, 06/14/24	06/15/21		450,000		418,169		0.1	%
Calvert Social Investment Foundation, Inc. 3.000%, 06/17/24	06/17/19		290,000		278,587		0.1	%
Calvert Social Investment Foundation, Inc. 3.000%, 12/15/24	12/12/19		120,000		114,100		0.0	%(c)
Calvert Social Investment Foundation, Inc. 2.500%, 06/13/25	06/12/20		500,000		464,674		0.2	%
Calvert Social Investment Foundation, Inc. 2.500%, 12/15/25	12/15/20		400,000		367,591		0.1	%
Mobile TeleSystems PJSC - ADR	07/19/11		752,376		869		0.0	%(c)
		$	3,862,376	$	2,965,718		1.0	%

(e)	Security value has been determined in good faith pursuant to procedures adopted by the Board of Trustees. The total fair value of such securities was $869 as of September 30, 2022, representing 0.0% (c) of net assets.
(f)	The rate shown is the 7-day effective yield as of September 30, 2022.
(g)	The security was purchased with cash collateral received 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, 2022 (Unaudited)

Common Stocks by Sector/Industry	% of Net Assets
Communications - 9.5%
Advertising & Marketing		0.4	%
Cable & Satellite		0.2	%
Entertainment Content		0.8	%
Internet Media & Services		3.2	%
Publishing & Broadcasting		0.4	%
Telecommunications		4.5	%
Consumer Discretionary - 9.1%
Apparel & Textile Products		1.1	%
Automotive		3.0	%
E-Commerce Discretionary		1.1	%
Home & Office Products		0.1	%
Home Construction		0.8	%
Leisure Facilities & Services		0.6	%
Leisure Products		0.3	%
Retail - Discretionary		1.7	%
Wholesale - Discretionary		0.4	%
Consumer Staples - 7.3%
Beverages		0.9	%
Food		2.2	%
Household Products		2.3	%
Retail - Consumer Staples		1.5	%
Wholesale - Consumer Staples		0.4	%
Energy - 4.1%
Oil & Gas Producers		3.9	%
Renewable Energy		0.2	%
Financials - 20.6%
Asset Management		1.3	%
Banking		13.2	%
Institutional Financial Services		1.1	%
Insurance		4.7	%
Specialty Finance		0.3	%

Schedule of Portfolio Investments (Continued)

Praxis International Index Fund

Common Stocks by Sector/Industry (Continued)	% of Net Assets
Health Care - 8.1%
Biotech & Pharma		5.7	%
Health Care Facilities & Services		0.9	%
Medical Equipment & Devices		1.5	%
Industrials - 8.9%
Commercial Support Services		1.6	%
Diversified Industrials		0.3	%
Electrical Equipment		1.3	%
Engineering & Construction		0.2	%
Industrial Support Services		0.5	%
Machinery		1.2	%
Transportation & Logistics		3.7	%
Transportation Equipment		0.1	%
Materials - 8.6%
Chemicals		2.7	%
Construction Materials		0.4	%
Containers & Packaging		0.5	%
Forestry, Paper & Wood Products		0.5	%
Metals & Mining		3.7	%
Steel		0.8	%
Real Estate - 4.0%
Real Estate Owners & Developers		1.7	%
Real Estate Services		0.1	%
REITs		2.2	%
Technology - 15.0%
Semiconductors		4.5	%
Software		0.9	%
Technology Hardware		4.6	%
Technology Services		5.0	%
Utilities - 2.5%
Electric & Gas Marketing & Trading		0.2	%
Electric Utilities		1.8	%
Gas & Water Utilities		0.5	%
		97.7	%

Schedule of Portfolio Investments

Praxis Value Index Fund

September 30, 2022 (Unaudited)

COMMON STOCKS - 98.5%	Shares		Fair Value
ADVERTISING & MARKETING - 0.2%
Omnicom Group, Inc. (a)		10,229	$	645,348
AEROSPACE & DEFENSE - 0.1%
Howmet Aerospace, Inc.		14,090		435,804
APPAREL & TEXTILE PRODUCTS - 0.3%
NIKE, Inc. - Class B		9,970		828,707
VF Corp.		7,520		224,923
				1,053,630
ASSET MANAGEMENT - 0.4%
Ameriprise Financial, Inc.		1,540		388,003
BlackRock, Inc.		742		408,308
Charles Schwab Corp. (The)		11,220		806,381
				1,602,692
AUTOMOTIVE - 0.4%
BorgWarner, Inc.		14,870		466,918
Ford Motor Co.		81,853		916,754
				1,383,672
BANKING - 5.2%
Bank of America Corp.		101,100		3,053,220
Citigroup, Inc.		46,326		1,930,404
Citizens Financial Group, Inc.		10,900		374,524
Fifth Third Bancorp		19,490		622,900
Huntington Bancshares, Inc.		33,170		437,181
JPMorgan Chase & Co.		49,615		5,184,768
KeyCorp		21,488		344,238
M&T Bank Corp.		7,694		1,356,606
PNC Financial Services Group, Inc. (The)		13,071		1,953,069
Regions Financial Corp.		24,860		498,940
Truist Financial Corp.		40,660		1,770,336
U.S. Bancorp		22,707		915,546
				18,441,732
BEVERAGES - 2.9%
Coca-Cola Co. (The)		106,520		5,967,251
Keurig Dr Pepper, Inc.		7,520		269,366
PepsiCo, Inc.		25,859		4,221,740
				10,458,357

Schedule of Portfolio Investments (Continued)

Praxis Value Index Fund

COMMON STOCKS - 98.5% (Continued)	Shares		Fair Value
BIOTECH & PHARMA - 7.9%
AbbVie, Inc.		17,386	$	2,333,375
Amgen, Inc.		6,604		1,488,542
Biogen, Inc. (b)		3,860		1,030,620
Bristol-Myers Squibb Co.		63,139		4,488,551
Gilead Sciences, Inc.		23,550		1,452,799
Johnson & Johnson		64,781		10,582,624
Merck & Co., Inc.		61,130		5,264,516
Vertex Pharmaceuticals, Inc. (b)		1,080		312,703
Viatris, Inc.		40,540		345,401
Zoetis, Inc.		3,990		591,677
				27,890,808
CABLE & SATELLITE - 0.9%
Charter Communications, Inc. - Class A (a)(b)		560		169,876
Comcast Corp. - Class A		103,410		3,033,015
				3,202,891
CHEMICALS - 4.8%
Air Products & Chemicals, Inc.		7,697		1,791,323
Dow, Inc.		19,230		844,774
DuPont de Nemours, Inc.		12,548		632,419
Eastman Chemical Co.		3,900		277,095
Ecolab, Inc.		7,050		1,018,161
International Flavors & Fragrances, Inc.		12,832		1,165,531
Linde plc		23,156		6,242,626
LyondellBasell Industries N.V. - Class A		56,480		4,251,814
PPG Industries, Inc.		1,080		119,545
Sherwin-Williams Co. (The)		2,880		589,680
				16,932,968
COMMERCIAL SUPPORT SERVICES - 1.9%
Republic Services, Inc.		11,450		1,557,658
Robert Half International, Inc.		5,180		396,270
Rollins, Inc.		25,890		897,865
Waste Management, Inc.		25,070		4,016,465
				6,868,258
CONSTRUCTION MATERIALS - 0.1%
Martin Marietta Materials, Inc.		1,320		425,159
CONTAINERS & PACKAGING - 0.5%
Ball Corp. (a)		12,248		591,823

Schedule of Portfolio Investments (Continued)

Praxis Value Index Fund

COMMON STOCKS - 98.5% (Continued)	Shares		Fair Value
CONTAINERS & PACKAGING - 0.5% (Continued)
International Paper Co.		12,160	$	385,472
Packaging Corp. of America		3,290		369,434
WestRock Co.		10,430		322,183
				1,668,912
DIVERSIFIED INDUSTRIALS - 1.2%
Dover Corp. (a)		5,253		612,395
Eaton Corp. plc		3,930		524,105
Emerson Electric Co.		9,554		699,544
Illinois Tool Works, Inc.		14,045		2,537,229
				4,373,273
ELECTRIC UTILITIES - 5.5%
AES Corp. (The)		27,234		615,488
American Electric Power Co., Inc.		16,270		1,406,542
CenterPoint Energy, Inc.		9,170		258,411
CMS Energy Corp.		12,530		729,747
Consolidated Edison, Inc. (a)		26,561		2,277,871
Constellation Energy Corp.		7,470		621,429
DTE Energy Co.		4,170		479,759
Duke Energy Corp.		25,514		2,373,312
Edison International		11,827		669,172
Eversource Energy		7,770		605,749
NextEra Energy, Inc.		49,300		3,865,613
PPL Corp.		16,050		406,868
Sempra Energy		15,043		2,255,547
Southern Co. (The)		31,681		2,154,308
Xcel Energy, Inc.		14,114		903,296
				19,623,112
ELECTRICAL EQUIPMENT - 3.2%
AMETEK, Inc.		4,630		525,088
Carrier Global Corp.		22,720		807,923
Fortive Corp.		9,480		552,684
Johnson Controls International plc		75,907		3,736,143
Keysight Technologies, Inc. (b)		6,000		944,160
Otis Worldwide Corp.		9,260		590,788
Rockwell Automation, Inc.		8,530		1,834,888
Roper Technologies, Inc.		3,030		1,089,709
TE Connectivity Ltd.		4,660		514,278

Schedule of Portfolio Investments (Continued)

Praxis Value Index Fund

COMMON STOCKS - 98.5% (Continued)	Shares		Fair Value
ELECTRICAL EQUIPMENT - 3.2% (Continued)
Trane Technologies plc (a)		4,150	$	600,961
Trimble, Inc. (b)		3,240		175,835
				11,372,457
ENGINEERING & CONSTRUCTION - 0.1%
Quanta Services, Inc.		2,080		264,971
ENTERTAINMENT CONTENT - 2.5%
Activision Blizzard, Inc.		18,000		1,338,120
Electronic Arts, Inc.		8,020		927,994
Fox Corp. - Class A		15,020		460,814
Paramount Global - Class B (a)		15,986		304,373
Walt Disney Co. (The) (b)		43,269		4,081,565
Warner Bros. Discovery, Inc. (b)		143,987		1,655,850
				8,768,716
FOOD - 2.9%
Campbell Soup Co.		10,070		474,499
Conagra Brands, Inc.		16,070		524,364
General Mills, Inc.		31,984		2,450,294
Hershey Co. (The) (a)		2,830		623,930
Hormel Foods Corp.		22,750		1,033,760
J.M. Smucker Co. (The)		3,710		509,791
Kellogg Co.		5,960		415,174
Kraft Heinz Co. (The)		26,030		868,101
McCormick & Co., Inc.		6,090		434,034
Mondelez International, Inc. - Class A		40,482		2,219,628
Tyson Foods, Inc. - Class A		9,110		600,622
				10,154,197
GAS & WATER UTILITIES - 0.4%
American Water Works Co., Inc.		6,040		786,167
NiSource, Inc.		29,770		749,906
				1,536,073
HEALTH CARE FACILITIES & SERVICES - 5.7%
AmerisourceBergen Corp.		8,740		1,182,784
Cardinal Health, Inc.		11,920		794,826
Cigna Corp.		15,522		4,306,889
CVS Health Corp.		25,454		2,427,548
Elevance Health, Inc.		6,020		2,734,525
Humana, Inc.		1,410		684,118

Schedule of Portfolio Investments (Continued)

Praxis Value Index Fund

COMMON STOCKS - 98.5% (Continued)	Shares		Fair Value
HEALTH CARE FACILITIES & SERVICES - 5.7% (Continued)
IQVIA Holdings, Inc. (b)		2,920	$	528,929
Laboratory Corp. of America Holdings		2,120		434,197
McKesson Corp.		5,714		1,942,017
UnitedHealth Group, Inc.		10,290		5,196,862
				20,232,695
HOME & OFFICE PRODUCTS - 0.1%
Whirlpool Corp.		3,150		424,651
HOUSEHOLD PRODUCTS - 3.2%
Church & Dwight Co., Inc.		6,650		475,076
Colgate-Palmolive Co.		12,670		890,067
Kimberly-Clark Corp.		14,960		1,683,598
Procter & Gamble Co. (The)		64,726		8,171,658
				11,220,399
INDUSTRIAL SUPPORT SERVICES - 0.3%
Fastenal Co.		9,800		451,192
W.W. Grainger, Inc.		1,310		640,839
				1,092,031
INSTITUTIONAL FINANCIAL SERVICES - 1.7%
Bank of New York Mellon Corp. (The)		38,024		1,464,684
CME Group, Inc.		9,190		1,627,825
Intercontinental Exchange, Inc.		5,030		454,461
Morgan Stanley		17,641		1,393,815
Northern Trust Corp.		6,297		538,771
State Street Corp.		6,610		401,954
				5,881,510
INSURANCE - 5.8%
Aflac, Inc.		38,140		2,143,468
Allstate Corp. (The)		10,919		1,359,743
American International Group, Inc.		22,987		1,091,423
Arthur J. Gallagher & Co.		2,930		501,675
Assurant, Inc.		4,170		605,776
Berkley (W.R.) Corp.		9,825		634,498
Chubb Ltd.		4,540		825,735
Cincinnati Financial Corp. (a)		4,172		373,686
Globe Life, Inc.		10,480		1,044,856
Hartford Financial Services Group, Inc. (The)		10,830		670,810

Schedule of Portfolio Investments (Continued)

Praxis Value Index Fund

COMMON STOCKS - 98.5% (Continued)	Shares		Fair Value
INSURANCE - 5.8% (Continued)
Lincoln National Corp.		7,310	$	320,982
Loews Corp.		25,180		1,254,971
Marsh & McLennan Cos., Inc.		7,150		1,067,424
MetLife, Inc.		35,413		2,152,402
Principal Financial Group, Inc.		11,170		805,916
Progressive Corp. (The)		16,630		1,932,572
Prudential Financial, Inc. (a)		20,750		1,779,935
Travelers Cos., Inc. (The)		13,253		2,030,360
				20,596,232
INTERNET MEDIA & SERVICES - 0.7%
Booking Holdings, Inc. (b)		700		1,150,247
Expedia Group, Inc. (a)(b)		3,040		284,818
Match Group, Inc. (b)		6,650		317,537
Meta Platforms, Inc. - Class A (b)		1,700		230,656
Netflix, Inc. (a)(b)		710		167,162
Twitter, Inc. (b)		5,690		249,450
				2,399,870
LEISURE FACILITIES & SERVICES - 2.1%
Carnival Corp. (a)(b)		28,663		201,501
Darden Restaurants, Inc. (a)		4,210		531,807
Hilton Worldwide Holdings, Inc.		6,420		774,380
Live Nation Entertainment, Inc. (a)(b)		2,620		199,225
Marriott International, Inc. - Class A		6,210		870,269
McDonald's Corp.		12,340		2,847,332
Starbucks Corp.		16,870		1,421,466
Yum! Brands, Inc.		5,400		574,236
				7,420,216
LEISURE PRODUCTS - 0.1%
Hasbro, Inc.		6,490		437,556
MACHINERY - 1.1%
Deere & Co. (a)		5,057		1,688,482
IDEX Corp.		2,840		567,574
Ingersoll-Rand, Inc.		13,050		564,543
Stanley Black & Decker, Inc.		5,070		381,315
Xylem, Inc.		7,010		612,393
				3,814,307

Schedule of Portfolio Investments (Continued)

Praxis Value Index Fund

COMMON STOCKS - 98.5% (Continued)	Shares		Fair Value
MEDICAL EQUIPMENT & DEVICES - 4.0%
Abbott Laboratories		23,170	$	2,241,929
Baxter International, Inc.		17,182		925,423
Becton, Dickinson and Co.		8,310		1,851,717
Boston Scientific Corp. (b)		29,180		1,130,141
Cooper Cos., Inc. (The)		1,170		308,763
Danaher Corp.		7,520		1,942,341
DENTSPLY SIRONA, Inc.		8,810		249,764
Edwards Lifesciences Corp. (b)		5,460		451,160
Illumina, Inc. (b)		3,590		684,936
Intuitive Surgical, Inc. (b)		1,460		273,662
Medtronic plc		9,340		754,205
Mettler-Toledo International, Inc. (b)		400		433,648
ResMed, Inc.		980		213,934
Stryker Corp.		3,720		753,449
Teleflex, Inc.		1,370		276,000
Thermo Fisher Scientific, Inc.		3,154		1,599,677
				14,090,749
METALS & MINING - 0.0% (c)
Newmont Corp.		3,280		137,858
OIL & GAS PRODUCERS - 4.8%
ConocoPhillips		118,777		12,155,638
Pioneer Natural Resources Co.		6,310		1,366,304
Valero Energy Corp.		34,350		3,670,298
				17,192,240
OIL & GAS SERVICES & EQUIPMENT - 1.4%
Baker Hughes Co.		65,320		1,369,107
Schlumberger Ltd.		105,016		3,770,075
				5,139,182
REAL ESTATE SERVICES - 1.2%
CBRE Group, Inc. - Class A (b)		60,690		4,097,182
REITS - 3.3%
American Tower Corp.		4,760		1,021,972
AvalonBay Communities, Inc.		5,900		1,086,721
Boston Properties, Inc.		3,190		239,154
Crown Castle, Inc.		4,160		601,328
Digital Realty Trust, Inc.		5,980		593,097

Schedule of Portfolio Investments (Continued)

Praxis Value Index Fund

COMMON STOCKS - 98.5% (Continued)	Shares		Fair Value
REITS - 3.3% (Continued)
Equinix, Inc.		910	$	517,644
Equity Residential		17,370		1,167,611
Federal Realty Investment Trust		1,600		144,192
Healthpeak Properties, Inc.		20,530		470,548
Host Hotels & Resorts, Inc.		49,590		787,489
Iron Mountain, Inc.		10		440
Kimco Realty Corp.		22,420		412,752
Prologis, Inc.		15,540		1,578,864
Public Storage (a)		1,920		562,195
Realty Income Corp. (a)		9,490		552,318
Regency Centers Corp.		9,230		497,036
SBA Communications Corp. - Class A		1,660		472,519
Simon Property Group, Inc.		2,089		187,488
VICI Properties, Inc (a)		8,700		259,695
Welltower, Inc. (a)		9,100		585,312
				11,738,375
RENEWABLE ENERGY - 0.0% (c)
SolarEdge Technologies, Inc. (b)		580		134,247
RETAIL - CONSUMER STAPLES - 2.5%
Costco Wholesale Corp.		3,700		1,747,399
Dollar General Corp.		2,630		630,832
Dollar Tree, Inc. (b)		4,010		545,761
Kroger Co. (The) (a)		20,514		897,487
Target Corp.		4,850		719,692
Walgreen Boots Alliance, Inc.		14,940		469,116
Walmart, Inc.		30,750		3,988,275
				8,998,562
RETAIL - DISCRETIONARY - 1.4%
Genuine Parts Co.		4,570		682,393
Home Depot, Inc. (The)		6,312		1,741,733
Lowe's Cos., Inc. - Class B		1,910		358,717
Ross Stores, Inc.		5,160		434,833
TJX Cos., Inc. (The)		29,130		1,809,556
				5,027,232

Schedule of Portfolio Investments (Continued)

Praxis Value Index Fund

COMMON STOCKS - 98.5% (Continued)	Shares		Fair Value
SEMICONDUCTORS - 2.5%
Analog Devices, Inc.		10,630	$	1,481,184
Broadcom, Inc.		3,640		1,616,196
Intel Corp.		83,908		2,162,309
Micron Technology, Inc.		29,590		1,482,459
Qorvo, Inc. (b)		4,610		366,080
Texas Instruments, Inc.		12,020		1,860,456
				8,968,684
SOFTWARE - 1.3%
Autodesk, Inc. (b)		2,650		495,020
Microsoft Corp.		4,950		1,152,855
NortonLifeLock, Inc.		15,800		318,212
Oracle Corp.		8,432		514,942
Salesforce.com, Inc. (b)		10,040		1,444,154
Synopsys, Inc. (b)		2,040		623,240
				4,548,423
SPECIALTY FINANCE - 0.6%
American Express Co.		9,754		1,315,912
Capital One Financial Corp.		6,200		571,454
Synchrony Financial		10,350		291,767
				2,179,133
TECHNOLOGY HARDWARE - 1.3%
Cisco Systems, Inc.		73,730		2,949,200
Corning, Inc.		14,610		423,982
HP, Inc.		26,820		668,354
Western Digital Corp. (b)		11,965		389,461
Zebra Technologies Corp. - Class A (b)		690		180,787
				4,611,784
TECHNOLOGY SERVICES - 5.7%
Accenture plc - Class A		16,780		4,317,494
Automatic Data Processing, Inc.		5,210		1,178,450
Cognizant Technology Solutions Corp. - Class A		10,200		585,888
DXC Technology Co. (b)		15,380		376,502
EPAM Systems, Inc. (b)		1,050		380,299
Fidelity National Information Services, Inc.		16,860		1,274,110
Fiserv, Inc. (b)		13,840		1,295,009
Global Payments, Inc.		2,200		237,710
International Business Machines Corp.		17,092		2,030,701
Mastercard, Inc. - Class A		8,590		2,442,481

Schedule of Portfolio Investments (Continued)

Praxis Value Index Fund

COMMON STOCKS - 98.5% (Continued)	Shares		Fair Value
TECHNOLOGY SERVICES - 5.7% (Continued)
MSCI, Inc.		1,140	$	480,841
Paychex, Inc.		3,334		374,108
PayPal Holdings, Inc. (b)		17,170		1,477,822
S&P Global, Inc.		2,450		748,107
Visa, Inc. - Class A (a)		17,730		3,149,735
				20,349,257
TELECOMMUNICATIONS - 2.2%
AT&T, Inc.		204,646		3,139,270
T-Mobile US, Inc. (b)		13,480		1,808,611
Verizon Communications, Inc.		73,160		2,777,885
				7,725,766
TRANSPORTATION & LOGISTICS - 3.5%
Alaska Air Group, Inc. (b)		9,130		357,439
American Airlines Group, Inc. (a)(b)		43,070		518,563
C.H. Robinson Worldwide, Inc. (a)		6,070		584,602
CSX Corp.		57,110		1,521,410
Delta Air Lines, Inc. (b)		29,020		814,301
FedEx Corp.		5,380		798,769
J.B. Hunt Transport Services, Inc.		4,690		733,610
Norfolk Southern Corp.		7,190		1,507,383
Southwest Airlines Co. (b)		34,690		1,069,840
Union Pacific Corp.		10,450		2,035,869
United Airlines Holdings, Inc. (b)		13,060		424,842
United Parcel Service, Inc. - Class B (a)		11,880		1,919,095
				12,285,723
TRANSPORTATION EQUIPMENT - 0.2%
PACCAR, Inc.		5,090		425,982
Westinghouse Air Brake Technologies Corp. (a)		3,110		252,999
				678,981
WHOLESALE - CONSUMER STAPLES - 0.4%
Sysco Corp.		18,180		1,285,508
TOTAL COMMON STOCKS (COST $316,066,184)			$	349,811,383

Schedule of Portfolio Investments (Continued)

Praxis Value Index Fund

CORPORATE NOTES - 1.0%	Coupon			Maturity		Principal Amount		Fair Value
COMMUNITY DEVELOPMENT - 1.0%
Calvert Social Investment Foundation, Inc. (d)		0.400	%		12/15/22	$	400,000	$	396,594
Calvert Social Investment Foundation, Inc. (d)		3.000	%		06/15/23		450,000		442,489
Calvert Social Investment Foundation, Inc. (d)		3.000	%		12/15/23		720,000		699,374
Calvert Social Investment Foundation, Inc. (d)		1.000	%		06/14/24		750,000		696,948
Calvert Social Investment Foundation, Inc. (d)		3.000	%		06/17/24		280,000		268,981
Calvert Social Investment Foundation, Inc. (d)		3.000	%		12/15/24		250,000		237,708
Calvert Social Investment Foundation, Inc. (d)		2.500	%		06/13/25		280,000		260,217
Calvert Social Investment Foundation, Inc. (d)		2.500	%		12/15/25		450,000		413,540
TOTAL CORPORATE NOTES (COST $3,580,000)								$	3,415,851

MONEY MARKET FUNDS - 0.8%	Shares		Fair Value
First American Government Obligations Fund - Class X, 2.77% (e) (COST $2,785,567)		2,785,567	$	2,785,567

Schedule of Portfolio Investments (Continued)

Praxis Value Index Fund

INVESTMENT PURCHASED WITH THE CASH PROCEEDS FROM SECURITIES LENDING - 4.9%	Shares		Fair Value
Mount Vernon Liquid Assets Portfolio, LLC, 3.16% (e)(f) (COST $17,450,133)		17,450,133	$	17,450,133
TOTAL INVESTMENTS - (COST $339,881,884) - 105.2%			$	373,462,934
LIABILITIES IN EXCESS OF OTHER ASSETS - (5.2%)				(18,385,730	)
NET ASSETS - 100.0%			$	355,077,204

(a)	All or a portion of the security is on loan. The total fair value of the securities on loan as of September 30, 2022 was $16,770,386.
(b)	Non-income producing security.
(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	Current		Fair		% of Net
	Date	Cost		Value		Assets
Calvert Social Investment Foundation, Inc.  0.400%, 12/15/22	12/15/21	$	400,000	$	396,594		0.1	%
Calvert Social Investment Foundation, Inc.  3.000%, 06/15/23	06/18/18		450,000		442,489		0.1	%
Calvert Social Investment Foundation, Inc.  3.000%, 12/15/23	12/17/18		720,000		699,374		0.2	%
Calvert Social Investment Foundation, Inc.  1.000%, 06/14/24	06/15/21		750,000		696,948		0.2	%
Calvert Social Investment Foundation, Inc.  3.000%, 06/17/24	06/17/19		280,000		268,981		0.1	%
Calvert Social Investment Foundation, Inc.  3.000%, 12/15/24	12/12/19		250,000		237,708		0.1	%
Calvert Social Investment Foundation, Inc.  2.500%, 06/13/25	06/12/20		280,000		260,217		0.1	%
Calvert Social Investment Foundation, Inc.  2.500%, 12/15/25	12/15/20		450,000		413,540		0.1	%
		$	3,580,000	$	3,415,851		1.0	%

(e)	The rate shown is the 7-day effective yield as of September 30, 2022.
(f)	The security was purchased with cash collateral received from securities on loan.

plc - Public Liability Company

Schedule of Portfolio Investments

Praxis Growth Index Fund

September 30, 2022 (Unaudited)

COMMON STOCKS - 98.5%	Shares		Fair Value
APPAREL & TEXTILE PRODUCTS - 0.4%
NIKE, Inc. - Class B		15,817	$	1,314,709
Ralph Lauren Corp. - Class A		3,730		316,789
				1,631,498
ASSET MANAGEMENT - 1.3%
Ameriprise Financial, Inc.		2,880		725,616
BlackRock, Inc.		2,233		1,228,775
Charles Schwab Corp. (The)		32,260		2,318,526
Raymond James Financial, Inc.		7,440		735,221
T. Rowe Price Group, Inc.		5,840		613,259
				5,621,397
AUTOMOTIVE - 4.5%
Aptiv plc (a)		3,770		294,852
Tesla, Inc. (a)		73,050		19,376,512
				19,671,364
BANKING - 1.9%
Bank of America Corp.		88,350		2,668,170
Fifth Third Bancorp		13,820		441,687
First Republic Bank		2,280		297,654
JPMorgan Chase & Co.		31,880		3,331,460
Regions Financial Corp.		35,280		708,070
Signature Bank		2,090		315,590
SVB Financial Group (a)		1,590		533,890
				8,296,521
BEVERAGES - 0.9%
PepsiCo, Inc.		23,220		3,790,897
BIOTECH & PHARMA - 4.9%
AbbVie, Inc.		22,951		3,080,254
Amgen, Inc.		12,054		2,716,972
Bristol-Myers Squibb Co.		6,116		434,786
Eli Lilly & Co.		21,800		7,049,030
Johnson & Johnson		4,488		733,160
Merck & Co., Inc.		5,571		479,774
Moderna, Inc. (a)(b)		10,580		1,251,085
Regeneron Pharmaceuticals, Inc. (a)(b)		3,671		2,528,842
Vertex Pharmaceuticals, Inc. (a)		5,704		1,651,536

Schedule of Portfolio Investments (Continued)

Praxis Growth Index Fund

COMMON STOCKS - 98.5% (Continued)	Shares		Fair Value
BIOTECH & PHARMA - 4.9% (Continued)
Zoetis, Inc.		9,730	$	1,442,862
				21,368,301
CHEMICALS - 0.9%
Linde plc		11,878		3,202,190
LyondellBasell Industries N.V. - Class A		1,090		82,055
Sherwin-Williams Co. (The)		3,471		710,688
				3,994,933
COMMERCIAL SUPPORT SERVICES - 0.4%
Cintas Corp.		900		349,371
Republic Services, Inc.		2,660		361,866
Waste Management, Inc.		6,464		1,035,598
				1,746,835
CONTAINERS & PACKAGING - 0.1%
Ball Corp. (b)		5,170		249,814
DIVERSIFIED INDUSTRIALS - 0.2%
Illinois Tool Works, Inc.		3,694		667,321
E-COMMERCE DISCRETIONARY - 5.6%
Amazon.com, Inc. (a)		203,600		23,006,800
eBay, Inc.		24,585		904,974
Etsy, Inc. (a)(b)		5,590		559,727
				24,471,501
ELECTRIC UTILITIES - 0.2%
NextEra Energy, Inc.		8,874		695,810
ELECTRICAL EQUIPMENT - 0.9%
Amphenol Corp. - Class A		10,642		712,588
Generac Holdings, Inc. (a)		1,790		318,871
Johnson Controls International plc		7,170		352,907
Keysight Technologies, Inc. (a)		6,221		978,937
Otis Worldwide Corp.		9,630		614,394
Rockwell Automation, Inc.		2,298		494,323
Trimble, Inc. (a)		11,490		623,562
				4,095,582
ENTERTAINMENT CONTENT - 0.4%
Activision Blizzard, Inc.		6,560		487,670
Electronic Arts, Inc.		7,895		913,531

Schedule of Portfolio Investments (Continued)

Praxis Growth Index Fund

COMMON STOCKS - 98.5% (Continued)	Shares		Fair Value
ENTERTAINMENT CONTENT - 0.4% (Continued)
Walt Disney Co. (The) (a)		5,103	$	481,366
				1,882,567
GAS & WATER UTILITIES - 0.1%
American Water Works Co., Inc.		3,780		492,005
HEALTH CARE FACILITIES & SERVICES - 2.7%
AmerisourceBergen Corp.		4,700		636,051
Cardinal Health, Inc.		6,400		426,752
Catalent, Inc. (a)		5,970		431,989
Charles River Laboratories International, Inc. (a)		2,140		421,152
Elevance Health, Inc.		1,300		590,512
HCA Healthcare, Inc.		2,590		476,016
Humana, Inc.		1,060		514,301
IQVIA Holdings, Inc. (a)		4,968		899,903
Laboratory Corp. of America Holdings		2,060		421,909
McKesson Corp.		2,780		944,839
UnitedHealth Group, Inc.		12,240		6,181,690
				11,945,114
HOME CONSTRUCTION - 0.2%
D.R. Horton, Inc.		6,078		409,353
Masco Corp.		8,006		373,800
NVR, Inc. (a)		60		239,225
				1,022,378
HOUSEHOLD PRODUCTS - 0.2%
Colgate-Palmolive Co.		5,297		372,114
Estée Lauder Cos., Inc. (The) - Class A		1,380		297,942
				670,056
INDUSTRIAL SUPPORT SERVICES - 0.3%
Fastenal Co.		11,534		531,025
United Rentals, Inc. (a)		2,830		764,440
				1,295,465
INSTITUTIONAL FINANCIAL SERVICES - 1.2%
CME Group, Inc.		2,190		387,915
Goldman Sachs Group, Inc. (The)		8,620		2,526,091
Intercontinental Exchange, Inc.		5,221		471,717
Morgan Stanley		19,100		1,509,091

Schedule of Portfolio Investments (Continued)

Praxis Growth Index Fund

COMMON STOCKS - 98.5% (Continued)	Shares		Fair Value
INSTITUTIONAL FINANCIAL SERVICES - 1.2% (Continued)
Nasdaq, Inc.		8,490	$	481,213
				5,376,027
INSURANCE - 0.2%
Aon plc - Class A		1,260		337,516
Marsh & McLennan Cos., Inc.		2,240		334,410
				671,926
INTERNET MEDIA & SERVICES - 7.3%
Alphabet, Inc. - Class A (a)		113,100		10,818,015
Alphabet, Inc. - Class C (a)		97,320		9,357,318
Booking Holdings, Inc. (a)		355		583,340
Meta Platforms, Inc. - Class A (a)		48,805		6,621,862
Netflix, Inc. (a)(b)		13,262		3,122,405
Twitter, Inc. (a)		18,670		818,493
VeriSign, Inc. (a)		3,410		592,317
				31,913,750
LEISURE FACILITIES & SERVICES - 1.2%
Chipotle Mexican Grill, Inc. (a)(b)		617		927,203
Hilton Worldwide Holdings, Inc.		5,360		646,523
McDonald's Corp.		8,917		2,057,509
Starbucks Corp.		14,692		1,237,948
Yum! Brands, Inc.		5,234		556,583
				5,425,766
MACHINERY - 0.5%
Deere & Co.		4,096		1,367,614
Xylem, Inc.		7,650		668,304
				2,035,918
MEDICAL EQUIPMENT & DEVICES - 4.7%
Abbott Laboratories		27,456		2,656,643
Agilent Technologies, Inc.		8,185		994,887
Align Technology, Inc. (a)		1,711		354,365
Bio-Rad Laboratories, Inc. - Class A (a)		610		254,455
Bio-Techne Corp.		1,340		380,560
Cooper Cos., Inc. (The)		1,161		306,388
Danaher Corp.		14,164		3,658,420
DexCom, Inc. (a)		4,440		357,598
Edwards Lifesciences Corp. (a)		12,250		1,012,218
IDEXX Laboratories, Inc. (a)		2,060		671,148

Schedule of Portfolio Investments (Continued)

Praxis Growth Index Fund

COMMON STOCKS - 98.5% (Continued)	Shares		Fair Value
MEDICAL EQUIPMENT & DEVICES - 4.7% (Continued)
Illumina, Inc. (a)		2,758	$	526,199
Intuitive Surgical, Inc. (a)		6,310		1,182,746
Mettler-Toledo International, Inc. (a)		960		1,040,755
PerkinElmer, Inc.		4,400		529,452
ResMed, Inc.		3,038		663,195
Thermo Fisher Scientific, Inc.		9,555		4,846,200
Waters Corp. (a)		1,646		443,646
West Pharmaceutical Services, Inc.		2,490		612,739
				20,491,614
OIL & GAS PRODUCERS - 0.1%
Valero Energy Corp.		5,530		590,881
OIL & GAS SERVICES & EQUIPMENT - 0.4%
Baker Hughes Co.		23,030		482,709
Schlumberger Ltd.		35,490		1,274,091
				1,756,800
REAL ESTATE SERVICES - 0.9%
CBRE Group, Inc. - Class A (a)		54,953		3,709,877
REITS - 2.3%
American Tower Corp.		6,962		1,494,741
AvalonBay Communities, Inc.		3,650		672,293
Camden Property Trust		5,050		603,223
Crown Castle, Inc.		5,259		760,188
Duke Realty Corp.		12,150		585,630
Equinix, Inc.		2,277		1,295,249
Extra Space Storage, Inc.		2,700		466,317
Mid-America Apartment Communities, Inc.		2,290		355,110
Prologis, Inc.		18,467		1,876,247
Public Storage (b)		2,570		752,522
SBA Communications Corp. - Class A		1,668		474,796
Simon Property Group, Inc.		3,670		329,383
Weyerhaeuser Co.		18,700		534,072
				10,199,771
RENEWABLE ENERGY - 0.4%
Enphase Energy, Inc. (a)		4,120		1,143,176

Schedule of Portfolio Investments (Continued)

Praxis Growth Index Fund

COMMON STOCKS - 98.5% (Continued)	Shares		Fair Value
RENEWABLE ENERGY - 0.4% (Continued)
SolarEdge Technologies, Inc. (a)		1,750	$	405,055
				1,548,231
RETAIL - CONSUMER STAPLES - 1.5%
Costco Wholesale Corp.		6,543		3,090,063
Dollar General Corp.		3,453		828,237
Dollar Tree, Inc. (a)		3,140		427,354
Kroger Co. (The) (b)		6,970		304,937
Target Corp.		8,164		1,211,456
Walmart, Inc.		5,410		701,677
				6,563,724
RETAIL - DISCRETIONARY - 3.8%
Advance Auto Parts, Inc. (b)		2,420		378,343
AutoZone, Inc. (a)		659		1,411,532
Bath & Body Works, Inc. (b)		23,140		754,364
CarMax, Inc. (a)		5,870		387,537
Home Depot, Inc. (The)		24,156		6,665,607
Lowe's Cos., Inc. - Class B		19,889		3,735,353
O'Reilly Automotive, Inc. (a)		1,810		1,273,063
Ross Stores, Inc.		6,195		522,053
TJX Cos., Inc. (The)		6,093		378,497
Tractor Supply Co. (b)		3,700		687,756
Ulta Beauty, Inc. (a)		1,070		429,273
				16,623,378
SEMICONDUCTORS - 7.0%
Advanced Micro Devices, Inc. (a)		54,826		3,473,775
Analog Devices, Inc.		2,264		315,466
Applied Materials, Inc.		28,006		2,294,532
Broadcom, Inc.		5,539		2,459,371
Intel Corp.		8,710		224,457
KLA Corp.		5,142		1,556,124
Lam Research Corp.		4,223		1,545,618
Microchip Technology, Inc.		11,300		689,639
Monolithic Power Systems, Inc.		1,810		657,754
NVIDIA Corp.		77,516		9,409,667
NXP Semiconductors N.V.		6,240		920,462
ON Semiconductor Corp. (a)(b)		12,610		785,981

Schedule of Portfolio Investments (Continued)

Praxis Growth Index Fund

COMMON STOCKS - 98.5% (Continued)	Shares		Fair Value
SEMICONDUCTORS - 7.0% (Continued)
QUALCOMM, Inc.		33,080	$	3,737,378
Teradyne, Inc.		4,990		374,999
Texas Instruments, Inc.		13,417		2,076,683
				30,521,906
SOFTWARE - 16.8%
Adobe, Inc. (a)		15,567		4,284,038
Akamai Technologies, Inc. (a)		6,400		514,048
ANSYS, Inc. (a)		2,738		607,015
Autodesk, Inc. (a)		6,486		1,211,585
Cadence Design Systems, Inc. (a)		10,624		1,736,280
Ceridian HCM Holding, Inc. (a)		13,140		734,263
Citrix Systems, Inc.		5,442		565,968
Fortinet, Inc. (a)		26,840		1,318,649
Intuit, Inc.		5,590		2,165,119
Microsoft Corp.		204,638		47,660,190
NortonLifeLock, Inc.		11,260		226,776
Oracle Corp.		56,130		3,427,859
Paycom Software, Inc. (a)		1,910		630,281
PTC, Inc. (a)		6,510		680,946
Salesforce.com, Inc. (a)		16,047		2,308,201
ServiceNow, Inc. (a)		7,153		2,701,044
Synopsys, Inc. (a)		6,460		1,973,595
Tyler Technologies, Inc. (a)		1,360		472,600
				73,218,457
SPECIALTY FINANCE - 0.7%
American Express Co.		10,000		1,349,100
Capital One Financial Corp.		3,200		294,944
Discover Financial Services		9,570		870,104
Synchrony Financial		21,640		610,032
				3,124,180
STEEL - 0.1%
Nucor Corp.		3,250		347,718
TECHNOLOGY HARDWARE - 15.2%
Apple, Inc.		427,358		59,060,876
Arista Networks, Inc. (a)		7,440		839,902
Cisco Systems, Inc.		67,820		2,712,800
F5, Inc. (a)		4,350		629,575

Schedule of Portfolio Investments (Continued)

Praxis Growth Index Fund

COMMON STOCKS - 98.5% (Continued)	Shares		Fair Value
TECHNOLOGY HARDWARE - 15.2% (Continued)
HP, Inc.		30,430	$	758,316
Juniper Networks, Inc.		16,400		428,368
NetApp, Inc.		5,260		325,331
Seagate Technology plc		8,980		478,005
Western Digital Corp. (a)		13,080		425,754
Zebra Technologies Corp. - Class A (a)		2,137		559,915
				66,218,842
TECHNOLOGY SERVICES - 6.5%
Accenture plc - Class A		18,389		4,731,490
Automatic Data Processing, Inc.		13,460		3,044,517
Broadridge Financial Solutions, Inc.		2,596		374,655
Cognizant Technology Solutions Corp. - Class A		8,540		490,538
EPAM Systems, Inc. (a)		1,680		608,479
Equifax, Inc.		2,580		442,289
FactSet Research Systems, Inc.		1,810		724,199
Fidelity National Information Services, Inc.		7,200		544,104
Fiserv, Inc. (a)		7,526		704,208
Gartner, Inc. (a)		4,040		1,117,828
International Business Machines Corp.		5,700		677,217
Jack Henry & Associates, Inc.		3,810		694,449
MarketAxess Holdings, Inc.		1,320		293,687
Mastercard, Inc. - Class A		11,736		3,337,014
Moody's Corp.		3,375		820,496
MSCI, Inc.		1,797		757,957
Paychex, Inc.		2,990		335,508
PayPal Holdings, Inc. (a)		22,317		1,920,824
S&P Global, Inc.		6,854		2,092,869
Verisk Analytics, Inc.		3,035		517,558
Visa, Inc. - Class A (b)		24,203		4,299,663
				28,529,549
TRANSPORTATION & LOGISTICS - 1.4%
American Airlines Group, Inc. (a)(b)		20,190		243,088
CSX Corp.		22,471		598,628
Delta Air Lines, Inc. (a)		11,420		320,445
Expeditors International of Washington, Inc.		4,770		421,239
J.B. Hunt Transport Services, Inc.		2,270		355,073
Old Dominion Freight Line, Inc.		4,700		1,169,219

Schedule of Portfolio Investments (Continued)

Praxis Growth Index Fund

COMMON STOCKS - 98.5% (Continued)	Shares		Fair Value
TRANSPORTATION & LOGISTICS - 1.4% (Continued)
Union Pacific Corp.		6,771	$	1,319,126
United Airlines Holdings, Inc. (a)		8,760		284,963
United Parcel Service, Inc. - Class B (b)		9,065		1,464,360
				6,176,141
WHOLESALE - DISCRETIONARY - 0.2%
Copart, Inc. (a)		5,108		543,491
Pool Corp.		1,190		378,670
				922,161
TOTAL COMMON STOCKS (COST $285,424,250)			$	429,575,976

CORPORATE NOTES - 0.9%	Coupon			Maturity		Principal Amount		Fair Value
COMMUNITY DEVELOPMENT - 0.9%
Calvert Social Investment Foundation, Inc. (c)		0.400	%		12/15/22	$	750,000	$	743,614
Calvert Social Investment Foundation, Inc. (c)		3.000	%		06/15/23		900,000		884,978
Calvert Social Investment Foundation, Inc. (c)		3.000	%		12/15/23		200,000		194,271
Calvert Social Investment Foundation, Inc. (c)		1.000	%		06/14/24		520,000		483,217
Calvert Social Investment Foundation, Inc. (c)		3.000	%		06/17/24		550,000		528,356
Calvert Social Investment Foundation, Inc. (c)		3.000	%		12/15/24		150,000		142,625
Calvert Social Investment Foundation, Inc. (c)		2.500	%		06/13/25		670,000		622,663
Calvert Social Investment Foundation, Inc. (c)		2.500	%		12/15/25		500,000		459,488
TOTAL CORPORATE NOTES (COST $4,240,000)								$	4,059,212

MONEY MARKET FUNDS - 0.5%	Shares		Fair Value
First American Government Obligations Fund - Class X, 2.77% (d) (COST $2,316,053)		2,316,053	$	2,316,053

Schedule of Portfolio Investments (Continued)

Praxis Growth Index Fund

INVESTMENT PURCHASED WITH THE CASH PROCEEDS FROM SECURITIES LENDING - 4.2%	Shares		Fair Value
Mount Vernon Liquid Assets Portfolio, LLC, 3.16% (d)(e) (COST $18,314,204)		18,314,204	$	18,314,204
TOTAL INVESTMENTS - (COST $310,294,507) - 104.1%			$	454,265,445
LIABILITIES IN EXCESS OF OTHER ASSETS - (4.1%)				(17,942,165	)
NET ASSETS - 100.0%			$	436,323,280

(a)	Non-income producing security.
(b)	All or a portion of the security is on loan. The total fair value of the securities on loan as of September 30, 2022 was $17,636,613.
(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.  0.400%, 12/15/22		12/15/21	$	750,000	$	743,614		0.2	%
Calvert Social Investment Foundation, Inc.  3.000%, 06/15/23		06/18/18		900,000		884,978		0.2	%
Calvert Social Investment Foundation, Inc.  3.000%, 12/15/23		12/17/18		200,000		194,271		0.1	%
Calvert Social Investment Foundation, Inc.  1.000%, 06/14/24		06/15/21		520,000		483,217		0.1	%
Calvert Social Investment Foundation, Inc.  3.000%, 06/17/24		06/17/19		550,000		528,356		0.1	%
Calvert Social Investment Foundation, Inc.  3.000%, 12/15/24		12/12/19		150,000		142,625		0.0	%(f)
Calvert Social Investment Foundation, Inc.  2.500%, 06/13/25		06/12/20		670,000		622,663		0.1	%
Calvert Social Investment Foundation, Inc.  2.500%, 12/15/25		12/15/20		500,000		459,488		0.1	%
			$	4,240,000	$	4,059,212		0.9	%

(d)	The rate shown is the 7-day effective yield as of September 30, 2022.
(e)	The security was purchased with cash collateral received 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, 2022 (Unaudited)         

COMMON STOCKS - 98.2%	Shares		Fair Value
ADVERTISING & MARKETING - 0.1%
QuinStreet, Inc. (a)		15,700	$	164,850
AEROSPACE & DEFENSE - 0.2%
Barnes Group, Inc.		6,060		175,013
Park Aerospace Corp.		12,250		135,240
				310,253
APPAREL & TEXTILE PRODUCTS - 0.9%
Kontoor Brands, Inc.		7,330		246,361
Movado Group, Inc.		6,810		191,906
Oxford Industries, Inc.		3,465		311,088
Steven Madden Ltd.		11,935		318,306
Wolverine World Wide, Inc.		13,500		207,765
				1,275,426
ASSET MANAGEMENT - 0.7%
B. Riley Financial, Inc.		3,350		149,142
Blucora, Inc. (a)		15,340		296,676
BrightSphere Investment Group, Inc.		7,030		104,817
Virtus Investment Partners, Inc.		920		146,758
WisdomTree Investments, Inc. (b)		39,470		184,720
				882,113
AUTOMOTIVE - 1.0%
American Axle & Manufacturing Holdings, Inc. (a)		25,710		175,599
Dorman Products, Inc. (a)		4,390		360,507
Gentherm, Inc. (a)		6,580		327,223
Methode Electronics, Inc.		8,170		303,516
XPEL, Inc. (a)		2,280		146,923
				1,313,768
BANKING - 12.1%
Allegiance Bancshares, Inc.		6,260		260,604
Ameris Bancorp		10,274		459,350
Axos Financial, Inc. (a)		8,590		294,036
Banc of California, Inc.		16,350		261,109
BancFirst Corp.		6,310		564,556
Bancorp, Inc. (The) (a)		14,120		310,358
BankUnited, Inc. (b)		6,000		205,020
Banner Corp.		6,070		358,616
Berkshire Hills Bancorp, Inc.		14,650		399,945

Schedule of Portfolio Investments (Continued)  

Praxis Small Cap Index Fund         

COMMON STOCKS - 98.2% (Continued)	Shares		Fair Value
BANKING - 12.1% (Continued)
Brookline Bancorp, Inc.		15,670	$	182,555
Capitol Federal Financial, Inc.		21,140		175,462
Central Pacific Financial Corp.		5,870		121,450
City Holding Co.		2,750		243,897
Columbia Banking System, Inc.		14,740		425,839
Community Bank System, Inc.		5,920		355,674
Customers Bancorp, Inc. (a)		4,860		143,273
CVB Financial Corp.		26,090		660,599
Dime Community Bancshares, Inc.		11,619		340,204
Eagle Bancorp, Inc.		2,540		113,843
FB Financial Corp.		6,486		247,830
First BanCorp.		38,970		533,110
First Bancorp/NC		5,760		210,701
First Commonwealth Financial Corp.		16,550		212,502
First Financial Bancorp		10,000		210,800
First Hawaiian, Inc.		28,320		697,522
Flagstar Bancorp, Inc.		9,250		308,950
Hanmi Financial Corp.		9,870		233,722
Heritage Financial Corp.		8,730		231,083
HomeStreet, Inc.		5,810		167,386
Hope Bancorp, Inc.		22,210		280,734
Independent Bank Corp.		6,900		514,257
Independent Bank Group, Inc.		6,540		401,491
Lakeland Financial Corp.		5,160		375,700
National Bank Holdings Corp. - Class A		6,570		243,024
NBT Bancorp, Inc.		3,260		123,717
Northwest Bancshares, Inc.		8,470		114,430
OFG Bancorp		11,530		289,749
Pacific Premier Bancorp, Inc.		11,826		366,133
Park National Corp.		2,050		255,184
Pathward Financial, Inc.		6,750		222,480
Preferred Bank		2,910		189,819
Provident Financial Services, Inc.		14,360		280,020
Renasant Corp.		9,410		294,345
Seacoast Banking Corp. of Florida		8,510		257,257
ServisFirst Bancshares, Inc. (b)		10,670		853,600
Simmons First National Corp. - Class A		20,420		444,952
SiriusPoint Ltd. (a)		790		3,910

Schedule of Portfolio Investments (Continued)

Praxis Small Cap Index Fund         

COMMON STOCKS - 98.2% (Continued)	Shares		Fair Value
BANKING - 12.1% (Continued)
Southside Bancshares, Inc.		4,987	$	176,340
Triumph Bancorp, Inc. (a)		5,040		273,924
Trustmark Corp.		7,370		225,743
United Community Banks, Inc.		15,290		506,099
Veritex Holdings, Inc.		13,050		346,999
Westamerica BanCorp.		4,060		212,297
WSFS Financial Corp.		10,230		475,286
				16,657,486
BEVERAGES - 0.1%
National Beverage Corp.		4,440		171,118
BIOTECH & PHARMA - 4.2%
Amphastar Pharmaceuticals, Inc. (a)		6,470		181,807
Anika Therapeutics, Inc. (a)		4,520		107,576
Arcus Biosciences, Inc. (a)		10,060		263,170
Avid Bioservices, Inc. (a)		5,910		112,999
Catalyst Pharmaceutical Partners, Inc. (a)		17,120		219,650
Coherus Biosciences, Inc. (a)		28,080		269,849
Cytokinetics, Inc. (a)(b)		16,450		797,002
Dynavax Technologies Corp. (a)(b)		20,100		209,844
Eagle Pharmaceuticals, Inc. (a)		4,970		131,307
Emergent BioSolutions, Inc. (a)		8,680		182,193
Enanta Pharmaceuticals, Inc. (a)		4,260		220,966
Harmony Biosciences Holdings, Inc. (a)		4,600		203,734
Heska Corp. (a)(b)		1,950		142,194
Innoviva, Inc. (a)(b)		11,970		138,972
Ironwood Pharmaceuticals, Inc. (a)(b)		54,490		564,516
Ligand Pharmaceuticals, Inc. (a)		2,760		237,664
Nektar Therapeutics (a)		47,670		152,544
Pacira BioSciences, Inc. (a)		6,110		324,991
Prestige Consumer Healthcare, Inc. (a)		6,630		330,373
REGENXBIO, Inc. (a)		5,140		135,850
Supernus Pharmaceuticals, Inc. (a)		7,570		256,245
Vanda Pharmaceuticals, Inc. (a)		10,890		107,593
Vir Biotechnology, Inc. (a)(b)		10,170		196,078
Xencor, Inc. (a)		8,400		218,232
				5,705,349

Schedule of Portfolio Investments (Continued)

Praxis Small Cap Index Fund         

COMMON STOCKS - 98.2% (Continued)	Shares		Fair Value
CHEMICALS - 3.2%
AdvanSix, Inc.		10,540	$	338,334
Balchem Corp.		6,460		785,407
H.B. Fuller Co.		10,240		615,424
Innospec, Inc.		4,330		370,951
Materion Corp.		5,040		403,200
Quaker Chemical Corp. (b)		1,420		205,020
Rogers Corp. (a)		3,610		873,187
Stepan Co.		3,960		370,933
Trinseo plc		1,160		21,251
WD-40 Co.		2,500		439,350
				4,423,057
COMMERCIAL SUPPORT SERVICES - 3.4%
ABM Industries, Inc.		13,350		510,370
AMN Healthcare Services, Inc. (a)		9,180		972,713
Brady Corp. - Class A		19,830		827,506
CorVel Corp. (a)		2,390		330,848
Cross Country Healthcare, Inc. (a)(b)		5,410		153,482
Harsco Corp. (a)		29,190		109,170
Healthcare Services Group, Inc.		6,440		77,860
Heidrick & Struggles International, Inc.		6,300		163,737
Kelly Services, Inc. - Class A		11,930		162,129
Korn Ferry		8,880		416,916
TrueBlue, Inc. (a)		22,230		424,148
UniFirst Corp.		1,790		301,132
Viad Corp. (a)		5,500		173,690
				4,623,701
CONSTRUCTION MATERIALS - 0.1%
Apogee Enterprises, Inc.		4,720		180,398
CONSUMER SERVICES - 1.2%
Adtalem Global Education, Inc. (a)		12,630		460,363
Medifast, Inc.		1,780		192,881
Perdoceo Education Corp. (a)		16,740		172,422
Strategic Education, Inc.		5,770		354,336
Stride, Inc. (a)(b)		8,120		341,283
WW International, Inc. (a)		29,160		114,599
				1,635,884

Schedule of Portfolio Investments (Continued)

Praxis Small Cap Index Fund         

COMMON STOCKS - 98.2% (Continued)	Shares		Fair Value
CONTAINERS & PACKAGING - 0.3%
Myers Industries, Inc.		10,120	$	166,676
O-I Glass, Inc. (a)		22,780		295,001
				461,677
E-COMMERCE DISCRETIONARY - 0.1%
PetMed Express, Inc.		8,210		160,259
ELECTRIC UTILITIES - 1.0%
Avista Corp.		18,490		685,055
Unitil Corp.		15,560		722,762
				1,407,817
ELECTRICAL EQUIPMENT - 2.6%
AAON, Inc. (b)		11,030		594,296
Advanced Energy Industries, Inc. (b)		6,290		486,909
Alarm.com Holdings, Inc. (a)		7,330		475,424
Badger Meter, Inc.		6,300		582,057
FARO Technologies, Inc. (a)		5,290		145,158
Itron, Inc. (a)		8,320		350,355
Mesa Laboratories, Inc. (b)		1,460		205,612
OSI Systems, Inc. (a)		2,550		183,753
SPX Technologies, Inc. (a)		9,870		545,021
				3,568,585
ENGINEERING & CONSTRUCTION - 2.0%
Arcosa, Inc.		7,940		454,009
Comfort Systems USA, Inc.		5,920		576,194
Exponent, Inc.		8,470		742,565
Frontdoor, Inc. (a)		8,360		170,460
Granite Construction, Inc.		7,530		191,187
Installed Building Products, Inc.		3,410		276,176
MYR Group, Inc. (a)		1,260		106,760
NV5 Global, Inc. (a)		2,110		261,260
				2,778,611
FOOD - 1.6%
B&G Foods, Inc. (b)		10,010		165,065
Cal-Maine Foods, Inc.		6,880		382,459
Hostess Brands, Inc. (a)		28,140		653,974
Simply Good Foods Co. (The) (a)		16,280		520,797
TreeHouse Foods, Inc. (a)		9,670		410,201
				2,132,496

Schedule of Portfolio Investments (Continued)

Praxis Small Cap Index Fund         

COMMON STOCKS - 98.2% (Continued)	Shares		Fair Value
FORESTRY, PAPER & WOOD PRODUCTS - 0.9%
Boise Cascade Co.		7,010	$	416,815
Sylvamo Corp.		2,480		84,072
UFP Industries, Inc.		9,070		654,491
				1,155,378
GAS & WATER UTILITIES - 1.8%
American States Water Co.		8,490		661,795
California Water Service Group (b)		18,230		960,539
Middlesex Water Co. (b)		10,930		843,796
				2,466,130
HEALTH CARE FACILITIES & SERVICES - 2.6%
AdaptHealth Corp. (a)		5,320		99,910
Addus HomeCare Corp. (a)		2,750		261,910
Community Health Systems, Inc. (a)		9,500		20,425
Covetrus, Inc. (a)		21,810		455,393
Ensign Group, Inc. (The)		8,010		636,795
Fulgent Genetics, Inc. (a)(b)		2,920		111,311
Joint Corp. (The) (a)		12,140		190,719
ModivCare, Inc. (a)		2,130		212,318
NeoGenomics, Inc. (a)		17,840		153,602
Owens & Minor, Inc.		12,410		299,081
Pediatrix Medical Group, Inc. (a)		14,540		240,055
Pennant Group, Inc. (The) (a)		10,440		108,680
RadNet, Inc. (a)		11,320		230,362
Select Medical Holdings Corp. (b)		16,840		372,164
U.S. Physical Therapy, Inc. (b)		2,080		158,122
				3,550,847
HOME & OFFICE PRODUCTS - 0.5%
HNI Corp. (b)		11,550		306,190
iRobot Corp. (a)		3,560		200,535
Tupperware Brands Corp. (a)		24,740		162,047
				668,772
HOME CONSTRUCTION - 1.9%
American Woodmark Corp. (a)		2,170		95,176
Cavco Industries, Inc. (a)(b)		1,500		308,640
Century Communities, Inc.		4,430		189,515
Green Brick Partners, Inc. (a)		4,260		91,079
Interface, Inc.		24,150		217,108
LGI Homes, Inc. (a)		3,980		323,853

Schedule of Portfolio Investments (Continued)

Praxis Small Cap Index Fund         

COMMON STOCKS - 98.2% (Continued)	Shares		Fair Value
HOME CONSTRUCTION - 1.9% (Continued)
M/I Homes, Inc. (a)		3,510	$	127,167
MDC Holdings, Inc.		10,555		289,418
Meritage Homes Corp. (a)		6,110		429,350
Patrick Industries, Inc.		2,420		106,093
PGT Innovations, Inc. (a)		9,950		208,552
TRI Pointe Homes, Inc. (a)		14,490		218,944
				2,604,895
HOUSEHOLD PRODUCTS - 0.7%
Clearwater Paper Corp. (a)		1,910		71,816
e.l.f. Beauty, Inc. (a)		8,410		316,384
Edgewell Personal Care Co.		5,910		221,034
Inter Parfums, Inc.		2,400		181,104
Quanex Building Products Corp.		11,930		216,649
				1,006,987
INDUSTRIAL INTERMEDIATE PRODUCTS - 1.4%
AZZ, Inc.		4,910		179,264
EnPro Industries, Inc.		6,060		514,979
Gibraltar Industries, Inc. (a)		5,860		239,850
Insteel Industries, Inc.		8,650		229,484
Mueller Industries, Inc. (b)		8,500		505,240
Proto Labs, Inc. (a)		1,050		38,251
Standex International Corp.		2,030		165,750
				1,872,818
INDUSTRIAL SUPPORT SERVICES - 1.1%
Applied Industrial Technologies, Inc.		8,380		861,296
DXP Enterprises, Inc. (a)		5,460		129,293
Resideo Technologies, Inc. (a)		24,870		474,022
				1,464,611
INSTITUTIONAL FINANCIAL SERVICES - 0.4%
Piper Sandler Cos.		3,730		390,680
StoneX Group, Inc. (a)		2,410		199,886
				590,566
INSURANCE - 1.9%
Ambac Financial Group, Inc. (a)(b)		10,910		139,102
American Equity Investment Life Holding Co.		15,500		577,995
Assured Guaranty Ltd.		8,310		402,619
Employers Holdings, Inc.		3,240		111,748
Genworth Financial, Inc. - Class A (a)		116,460		407,610

Schedule of Portfolio Investments (Continued)

Praxis Small Cap Index Fund         

COMMON STOCKS - 98.2% (Continued)	Shares		Fair Value
INSURANCE - 1.9% (Continued)
NMI Holdings, Inc. - Class A (a)		9,380	$	191,071
Palomar Holdings, Inc. (a)		3,850		322,322
Safety Insurance Group, Inc.		610		49,752
SelectQuote, Inc. (a)		40,340		29,448
Trupanion, Inc. (a)(b)		6,280		373,220
				2,604,887
INTERNET MEDIA & SERVICES - 0.6%
Cars.com, Inc. (a)		16,270		187,105
Shutterstock, Inc. (b)		3,610		181,114
TechTarget, Inc. (a)		4,120		243,904
Yelp, Inc. (a)		7,330		248,560
				860,683
LEISURE FACILITIES & SERVICES - 2.3%
Bloomin' Brands, Inc. (b)		18,470		338,555
Brinker International, Inc. (a)		11,120		277,777
Cheesecake Factory, Inc. (The) (b)		12,560		367,757
Chuy's Holdings, Inc. (a)		6,950		161,101
Cinemark Holdings, Inc. (a)(b)		24,860		301,054
Dave & Buster's Entertainment, Inc. (a)(b)		9,190		285,166
Dine Brands Global, Inc.		3,280		208,477
El Pollo Loco Holdings, Inc. (a)		21,940		195,705
Jack in the Box, Inc.		4,400		325,908
Marcus Corp. (The)		14,120		196,127
Shake Shack, Inc. - Class A (a)		8,440		379,631
Six Flags Entertainment Corp. (a)		4,850		85,845
				3,123,103
LEISURE PRODUCTS - 0.5%
LCI Industries		4,750		481,935
Winnebago Industries, Inc. (b)		3,720		197,941
				679,876
MACHINERY - 2.3%
Alamo Group, Inc.		1,800		220,086
Astec Industries, Inc.		4,830		150,648
Enerpac Tool Group Corp.		19,940		355,530
ESCO Technologies, Inc.		1,640		120,442
Franklin Electric Co., Inc.		6,300		514,773
Hillenbrand, Inc.		4,920		180,662
Ichor Holdings Ltd. (a)		3,980		96,356

Schedule of Portfolio Investments (Continued)

Praxis Small Cap Index Fund         

COMMON STOCKS - 98.2% (Continued)	Shares		Fair Value
MACHINERY - 2.3% (Continued)
John Bean Technologies Corp.		5,325	$	457,950
Lindsay Corp.		3,140		449,899
Tennant Co.		3,800		214,928
Titan International, Inc. (a)		33,750		409,725
				3,170,999
MEDICAL EQUIPMENT & DEVICES - 3.6%
AngioDynamics, Inc. (a)		10,480		214,421
Avanos Medical, Inc. (a)		4,050		88,209
BioLife Solutions, Inc. (a)(b)		7,490		170,398
CONMED Corp.		3,920		314,267
Cutera, Inc. (a)(b)		4,980		227,088
Embecta Corp.		9,350		269,187
Glaukos Corp. (a)		7,100		378,004
Inogen, Inc. (a)		2,390		58,029
Integer Holdings Corp. (a)		4,160		258,877
Lantheus Holdings, Inc. (a)		13,813		971,468
LeMaitre Vascular, Inc.		5,530		280,260
Meridian Bioscience, Inc. (a)		8,520		268,636
Merit Medical Systems, Inc. (a)		10,140		573,011
Myriad Genetics, Inc. (a)		13,280		253,382
OraSure Technologies, Inc. (a)		51,910		196,739
Varex Imaging Corp. (a)		8,210		173,559
Vericel Corp. (a)		8,820		204,624
Zimvie, Inc. (a)		9,430		93,074
				4,993,233
METALS & MINING - 1.7%
Arconic Corp. (a)		18,740		319,330
Century Aluminum Co. (a)		22,250		117,480
Encore Wire Corp. (b)		3,620		418,255
Kaiser Aluminum Corp.		4,330		265,645
Livent Corp. (a)(b)		35,680		1,093,592
SunCoke Energy, Inc.		30,440		176,856
				2,391,158
OIL & GAS PRODUCERS - 0.3%
Ranger Oil Corp. - Class A		10,960		344,692
OIL & GAS SERVICES & EQUIPMENT - 0.9%
Core Laboratories N.V. (b)		62,440		841,691

Schedule of Portfolio Investments (Continued)

Praxis Small Cap Index Fund         

COMMON STOCKS - 98.2% (Continued)	Shares		Fair Value
OIL & GAS SERVICES & EQUIPMENT - 0.9% (Continued)
DMC Global, Inc. (a)		9,380	$	149,892
U.S. Silica Holdings, Inc. (a)		17,890		195,896
				1,187,479
PUBLISHING & BROADCASTING - 0.3%
E.W. Scripps Co. (The) - Class A (a)		9,180		103,458
Gannett Co., Inc. (a)		44,487		68,065
Scholastic Corp.		8,410		258,692
				430,215
REAL ESTATE OWNERS & DEVELOPERS - 0.1%
St. Joe Co. (The)		5,140		164,634
REAL ESTATE SERVICES - 0.4%
Anywhere Real Estate, Inc. (a)		32,310		262,034
Marcus & Millichap, Inc.		3,450		113,091
RE/MAX Holdings, Inc. - Class A		4,840		91,525
				466,650
REITS - 6.5%
Acadia Realty Trust		17,540		221,355
Agree Realty Corp. (b)		14,010		946,796
Alexander & Baldwin, Inc.		7,290		120,868
American Assets Trust, Inc.		6,220		159,978
Armada Hoffler Properties, Inc.		12,440		129,127
Brandywine Realty Trust		55,840		376,920
CareTrust REIT, Inc.		12,440		225,288
Centerspace		3,050		205,326
Chatham Lodging Trust (a)		14,320		141,338
DiamondRock Hospitality Co.		41,780		313,768
Diversified Healthcare Trust		107,560		106,495
Easterly Government Properties, Inc. (b)		9,670		152,496
Essential Properties Realty Trust, Inc.		9,360		182,052
Four Corners Property Trust, Inc.		4,460		107,887
Franklin BSP Realty Trust, Inc. (b)		17,852		192,266
Franklin Street Properties Corp.		32,340		85,054
Getty Realty Corp.		8,140		218,885
Hersha Hospitality Trust		18,960		151,301
Industrial Logistics Properties Trust		9,270		50,985
Innovative Industrial Properties, Inc.		4,430		392,055

Schedule of Portfolio Investments (Continued)

Praxis Small Cap Index Fund         

COMMON STOCKS - 98.2% (Continued)	Shares		Fair Value
REITS - 6.5% (Continued)
iStar, Inc.		14,210	$	131,585
LTC Properties, Inc.		7,200		269,640
LXP Industrial Trust		32,120		294,219
NexPoint Residential Trust, Inc.		3,250		150,182
Office Properties Income Trust		8,060		113,243
Orion Office REIT, Inc.		2,870		25,113
Outfront Media, Inc.		5,670		86,127
Retail Opportunity Investments Corp.		15,690		215,894
RPT Realty		19,470		147,193
Safehold, Inc. (b)		3,430		90,758
Saul Centers, Inc.		3,420		128,250
SITE Centers Corp.		33,690		360,820
Summit Hotel Properties, Inc.		23,710		159,331
Sunstone Hotel Investors, Inc.		10,630		100,135
Tanger Factory Outlet Centers, Inc.		23,000		314,640
Uniti Group, Inc.		35,680		247,976
Urban Edge Properties		13,970		186,360
Urstadt Biddle Properties, Inc. - Class A		6,520		101,125
Veris Residential, Inc. (a)		20,870		237,292
Washington Real Estate Investment Trust		21,530		378,067
Whitestone REIT		58,810		497,533
Xenia Hotel & Resorts, Inc.		18,240		251,530
				8,967,253
RENEWABLE ENERGY - 0.3%
FutureFuel Corp.		18,910		114,216
Green Plains, Inc. (a)		10,370		301,456
				415,672
RETAIL - CONSUMER STAPLES - 0.9%
Big Lots, Inc. (b)		5,570		86,948
OptimizeRx, Corp. (a)		4,280		63,430
PriceSmart, Inc. (b)		2,690		154,917
SpartanNash Co.		32,510		943,440
				1,248,735
RETAIL - DISCRETIONARY - 5.2%
Abercrombie & Fitch Co. - Class A (a)(b)		13,550		210,702
Academy Sports & Outdoors, Inc. (b)		16,030		676,145
America's Car-Mart, Inc. (a)		1,440		87,869
Asbury Automotive Group, Inc. (a)(b)		3,100		468,410

Schedule of Portfolio Investments (Continued)

Praxis Small Cap Index Fund         

COMMON STOCKS - 98.2% (Continued)	Shares		Fair Value
RETAIL - DISCRETIONARY - 5.2% (Continued)
Bed Bath & Beyond, Inc. (a)(b)		42,460	$	258,581
Boot Barn Holdings, Inc. (a)		4,560		266,578
Buckle, Inc. (The) (b)		5,380		170,331
Caleres, Inc.		10,210		247,286
Chico's FAS, Inc. (a)(b)		40,780		197,375
Children's Place, Inc. (The) (a)(b)		4,250		131,283
Conn's, Inc. (a)		22,140		156,751
Designer Brands, Inc. - Class A		11,180		171,166
Ethan Allen Interiors, Inc.		16,450		347,753
Genesco, Inc. (a)		3,300		129,756
GMS, Inc. (a)		7,050		282,071
Group 1 Automotive, Inc.		3,050		435,754
Guess?, Inc.		9,260		135,844
Hibbett, Inc.		5,140		256,023
La-Z-Boy, Inc. (b)		6,970		157,313
LL Flooring Holdings, Inc. (a)		19,180		132,917
MarineMax, Inc. (a)(b)		10,070		299,985
Monro, Inc.		6,250		271,625
National Vision Holdings, Inc. (a)(b)		7,720		252,058
ODP Corp. (The) (a)		7,677		269,847
Sally Beauty Holdings, Inc. (a)		15,060		189,756
Shoe Carnival, Inc. (b)		4,710		100,982
Signet Jewelers Ltd. (b)		5,440		311,114
Sleep Number Corp. (a)		4,070		137,607
Urban Outfitters, Inc. (a)		10,750		211,238
Zumiez, Inc. (a)		8,440		181,713
				7,145,833
SEMICONDUCTORS - 3.9%
Alpha & Omega Semiconductor Ltd. (a)(b)		6,060		186,406
Axcelis Technologies, Inc. (a)		16,000		968,960
CEVA, Inc. (a)		4,260		111,740
Cohu, Inc. (a)(b)		7,270		187,421
CTS Corp.		6,010		250,316
Diodes, Inc. (a)		6,230		404,389
FormFactor, Inc. (a)		11,450		286,822
Kulicke & Soffa Industries, Inc. (b)		9,850		379,521
MaxLinear, Inc. (a)(b)		12,360		403,183
Onto Innovation, Inc. (a)		15,157		970,806

Schedule of Portfolio Investments (Continued)

Praxis Small Cap Index Fund         

COMMON STOCKS - 98.2% (Continued)	Shares		Fair Value
SEMICONDUCTORS - 3.9% (Continued)
Photronics, Inc. (a)		16,690	$	244,008
Rambus, Inc. (a)		18,385		467,347
SMART Global Holdings, Inc. (a)		11,870		188,377
Ultra Clean Holdings, Inc. (a)		3,800		97,850
Veeco Instruments, Inc. (a)(b)		8,620		157,918
				5,305,064
SOFTWARE - 3.0%
Agilysys, Inc. (a)		6,190		342,616
Allscripts Healthcare Solutions, Inc. (a)(b)		23,320		355,164
Apollo Medical Holdings, Inc. (a)(b)		6,870		267,930
Cerence, Inc. (a)		6,700		105,525
Consensus Cloud Solutions, Inc. (a)		4,440		210,012
Digi International, Inc. (a)		11,930		412,420
Digital Turbine, Inc. (a)		5,720		82,425
Donnelley Financial Solutions, Inc. (a)		6,550		242,153
Ebix, Inc. (b)		7,800		147,966
LivePerson, Inc. (a)		9,500		89,490
NextGen Healthcare, Inc. (a)		7,250		128,325
PDF Solutions, Inc. (a)		9,190		225,431
Progress Software Corp. (b)		6,410		272,746
Simulations Plus, Inc.		2,410		116,981
SPS Commerce, Inc. (a)		5,620		698,173
Thryv Holdings, Inc. (a)		9,180		209,579
Xperi, Inc. (a)		14,711		208,014
				4,114,950
SPECIALTY FINANCE - 2.8%
Apollo Commercial Real Estate Finance, Inc.		31,690		263,027
ARMOUR Residential REIT, Inc. (b)		33,710		164,168
Deluxe Corp.		18,520		308,358
Ellington Financial, Inc. (b)		15,050		171,119
Encore Capital Group, Inc. (a)(b)		7,690		349,741
Enova International, Inc. (a)		7,260		212,500
Granite Point Mortgage Trust, Inc.		14,530		93,573
Invesco Mortgage Capital, Inc.		18,696		207,526
KKR Real Estate Finance Trust, Inc. (b)		6,670		108,388
LendingTree, Inc. (a)		1,570		37,460
Mr. Cooper Group, Inc. (a)		12,660		512,730
New York Mortgage Trust, Inc.		44,650		104,481

Schedule of Portfolio Investments (Continued)

Praxis Small Cap Index Fund         

COMMON STOCKS - 98.2% (Continued)	Shares		Fair Value
SPECIALTY FINANCE - 2.8% (Continued)
PennyMac Mortgage Investment Trust (b)		23,960	$	282,249
PRA Group, Inc. (a)(b)		3,170		104,166
Redwood Trust, Inc.		19,810		113,709
Stewart Information Services Corp. (b)		3,830		167,141
Two Harbors Investment Corp. (b)		41,120		136,518
Walker & Dunlop, Inc.		6,340		530,848
				3,867,702
STEEL - 0.7%
ATI, Inc. (a)(b)		17,890		476,053
Carpenter Technology Corp.		6,590		205,213
TimkenSteel Corp. (a)		17,280		259,027
				940,293
TECHNOLOGY HARDWARE - 4.8%
3D Systems Corp. (a)(b)		16,470		131,431
A10 Networks, Inc.		15,080		200,112
ADTRAN, Inc. (b)		14,390		281,756
Arlo Technologies, Inc. (a)		31,600		146,624
Benchmark Electronics, Inc.		7,800		193,284
Clearfield, Inc. (a)		2,410		252,183
Comtech Telecommunications Corp.		18,530		185,485
Corsair Gaming, Inc. (a)		10,890		123,602
Diebold Nixdorf, Inc. (a)		58,700		143,228
Extreme Networks, Inc. (a)		29,990		391,969
Fabrinet (a)(b)		9,090		867,641
Harmonic, Inc. (a)		29,630		387,264
InterDigital, Inc.		6,470		261,517
Knowles Corp. (a)		18,120		220,520
NetScout Systems, Inc. (a)		14,920		467,294
Pitney Bowes, Inc.		38,260		89,146
Plexus Corp. (a)		4,900		429,044
Sanmina Corp. (a)(b)		13,090		603,187
Sonos, Inc. (a)		18,690		259,791
TTM Technologies, Inc. (a)		28,760		379,057
Viavi Solutions, Inc. (a)		44,640		582,552
				6,596,687
TECHNOLOGY SERVICES - 2.4%
CSG Systems International, Inc.		5,650		298,772
EVERTEC, Inc.		10,810		338,893

Schedule of Portfolio Investments (Continued)

Praxis Small Cap Index Fund         

COMMON STOCKS - 98.2% (Continued)	Shares		Fair Value
TECHNOLOGY SERVICES - 2.4% (Continued)
ExlService Holdings, Inc. (a)(b)		7,000	$	1,031,520
Green Dot Corp. - Class A (a)		12,060		228,899
Insight Enterprises, Inc. (a)(b)		8,860		730,153
LiveRamp Holdings, Inc. (a)		2,650		48,124
Perficient, Inc. (a)		6,350		412,877
TTEC Holdings, Inc.		3,630		160,845
Unisys Corp. (a)		10,560		79,728
				3,329,811
TELECOMMUNICATIONS - 0.7%
8x8, Inc. (a)		26,120		90,114
ATN International, Inc.		1,330		51,298
Cogent Communications Holdings, Inc.		5,100		266,016
Consolidated Communications Holdings, Inc. (a)		29,970		124,676
Gogo, Inc. (a)		13,810		167,377
Shenandoah Telecommunications Co.		3,360		57,187
Telephone and Data Systems, Inc.		17,960		249,644
				1,006,312
TRANSPORTATION & LOGISTICS - 3.2%
Allegiant Travel Co. (a)(b)		3,490		254,700
ArcBest Corp. (b)		6,890		501,110
Atlas Air Worldwide Holdings, Inc. (a)(b)		7,090		677,591
Bristow Group, Inc. (a)		8,623		202,554
Forward Air Corp.		5,730		517,190
Hawaiian Holdings, Inc. (a)(b)		17,650		232,098
Hub Group, Inc. - Class A (a)		10,840		747,743
Marten Transport Ltd.		18,180		348,329
Matson, Inc.		10,720		659,494
SkyWest, Inc. (a)		13,750		223,575
Sun Country Airlines Holdings, Inc. (a)(b)		5,780		78,666
				4,443,050
TRANSPORTATION EQUIPMENT - 0.4%
Greenbrier Cos., Inc. (The)		6,020		146,105
Trinity Industries, Inc.		10,110		215,849
Wabash National Corp.		15,190		236,356
				598,310
WHOLESALE - CONSUMER STAPLES - 1.1%
Andersons, Inc. (The)		27,150		842,465
Chefs' Warehouse, Inc. (The) (a)		5,800		168,026

Schedule of Portfolio Investments (Continued)

Praxis Small Cap Index Fund         

COMMON STOCKS - 98.2% (Continued)	Shares		Fair Value
WHOLESALE - CONSUMER STAPLES - 1.1% (Continued)
United Natural Foods, Inc. (a)		14,890	$	511,769
				1,522,260
WHOLESALE - DISCRETIONARY - 1.3%
ePlus, Inc. (a)		4,560		189,423
G-III Apparel Group Ltd. (a)		9,060		135,447
KAR Auction Services, Inc. (a)		29,360		327,951
PC Connection, Inc.		2,970		133,917
ScanSource, Inc. (a)		23,700		625,917
Veritiv Corp. (a)(b)		3,640		355,883
				1,768,538
TOTAL COMMON STOCKS (COST $126,170,776)			$	134,921,931

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

CORPORATE NOTES - 1.0%	Coupon			Maturity		Principal Amount		Fair Value
COMMUNITY DEVELOPMENT - 1.0%
Calvert Social Investment Foundation, Inc. (e)		0.400	%		12/15/22	$	110,000	$	109,063
Calvert Social Investment Foundation, Inc. (e)		3.000	%		06/15/23		330,000		324,492
Calvert Social Investment Foundation, Inc. (e)		3.000	%		12/15/23		330,000		320,547
Calvert Social Investment Foundation, Inc. (e)		1.000	%		06/14/24		100,000		92,926
Calvert Social Investment Foundation, Inc. (e)		3.000	%		06/17/24		60,000		57,639
Calvert Social Investment Foundation, Inc. (e)		3.000	%		12/15/24		90,000		85,575
Calvert Social Investment Foundation, Inc. (e)		2.500	%		06/13/25		150,000		139,402
Calvert Social Investment Foundation, Inc. (e)		2.500	%		12/15/25		280,000		257,314
TOTAL CORPORATE NOTES (COST $1,450,000)								$	1,386,958

MONEY MARKET FUNDS - 0.7%	Shares		Fair Value
First American Government Obligations Fund - Class X, 2.77% (f) (COST $928,394)		928,394	$	928,394

Schedule of Portfolio Investments (Continued)

Praxis Small Cap Index Fund        

INVESTMENT PURCHASED WITH THE CASH PROCEEDS FROM SECURITIES LENDING - 19.0%	Shares		Fair Value
Mount Vernon Liquid Assets Portfolio, LLC, 3.16% (f)(g) (COST $26,176,923)		26,176,923	$	26,176,923
TOTAL INVESTMENTS - (COST $154,726,093) - 118.9%			$	163,416,814
LIABILITIES IN EXCESS OF OTHER ASSETS - (18.9%)				(25,977,352	)
NET ASSETS - 100.0%			$	137,439,462

(a)	Non-income producing security.
(b)	All or a portion of the security is on loan. The total fair value of the securities on loan as of September 30, 2022 was $24,868,058.
(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 fair value of such securities was $2,608 as of September 30, 2022, representing 0.0% (c) of net assets.
(e)	Restricted and/or 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. 0.400%, 12/15/22	12/15/21	$	110,000	$	109,063		0.1	%
Calvert Social Investment Foundation, Inc. 3.000%, 06/15/23	06/18/18		330,000		324,492		0.2	%
Calvert Social Investment Foundation, Inc. 3.000%, 12/15/23	12/17/18		330,000		320,547		0.2	%
Calvert Social Investment Foundation, Inc. 1.000%, 06/14/24	06/15/21		100,000		92,926		0.1	%
Calvert Social Investment Foundation, Inc. 3.000%, 06/17/24	06/17/19		60,000		57,639		0.0	%(c)
Calvert Social Investment Foundation, Inc. 3.000%, 12/15/24	12/12/19		90,000		85,575		0.1	%
Calvert Social Investment Foundation, Inc. 2.500%, 06/13/25	06/12/20		150,000		139,402		0.1	%
Calvert Social Investment Foundation, Inc. 2.500%, 12/15/25	12/15/20		280,000		257,314		0.2	%
Lantheus Holdings, Inc., CVR	06/22/20		-		2,608		0.0	%(c)
		$	1,450,000	$	1,389,566		1.0	%

(f)	The rate shown is the 7-day effective yield as of September 30, 2022.
(g)	The security was purchased with cash collateral received 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, 2022 (Unaudited)         

AFFILIATED MUTUAL FUNDS - 100.0%	Shares		Fair Value
DEBT FUND - 70.3%
Praxis Impact Bond Fund - Class I		1,805,453	$	16,375,461
EQUITY FUND - 29.7%
Praxis Growth Index Fund - Class I		69,825		2,112,207
Praxis International Index Fund - Class I		212,063		2,093,059
Praxis Small Cap Index Fund - Class I		64,741		583,321
Praxis Value Index Fund - Class I		151,060		2,134,476
				6,923,063
TOTAL AFFILIATED MUTUAL FUNDS (COST $23,116,785)			$	23,298,524

MONEY MARKET FUNDS - 0.0% (a)	Shares		Fair Value
First American Government Obligations Fund - Class X, 2.77% (b) (COST $6,116)		6,116	$	6,116
TOTAL INVESTMENTS - (COST $23,122,901) - 100.0%			$	23,304,640
LIABILITIES IN EXCESS OF OTHER ASSETS - (0.0%) (a)				(7,739	)
NET ASSETS - 100.0%			$	23,296,901

(a)	Percentage rounds to less than 0.1%.
(b)	The rate shown is the 7-day effective yield as of September 30, 2022.

Schedule of Portfolio Investments

Praxis Genesis Balanced Portfolio

September 30, 2022 (Unaudited)        

AFFILIATED MUTUAL FUNDS - 100.0%	Shares		Fair Value
DEBT FUND - 40.3%
Praxis Impact Bond Fund - Class I		3,340,192	$	30,295,543
EQUITY FUND - 59.7%
Praxis Growth Index Fund - Class I		391,190		11,833,490
Praxis International Index Fund - Class I		1,372,259		13,544,191
Praxis Small Cap Index Fund - Class I		837,933		7,549,775
Praxis Value Index Fund - Class I		846,185		11,956,593
				44,884,049
TOTAL AFFILIATED MUTUAL FUNDS (COST $66,082,972)			$	75,179,592

MONEY MARKET FUNDS - 0.0% (a)	Shares		Fair Value
First American Government Obligations Fund - Class X, 2.77% (b) (COST $1,252)		1,252	$	1,252
TOTAL INVESTMENTS - (COST $66,084,224) - 100.0%			$	75,180,844
LIABILITIES IN EXCESS OF OTHER ASSETS - (0.0%) (a)				(35,219	)
NET ASSETS - 100.0%			$	75,145,625

(a)	Percentage rounds to less than 0.1%.
(b)	The rate shown is the 7-day effective yield as of September 30, 2022.

Schedule of Portfolio Investments

Praxis Genesis Growth Portfolio

September 30, 2022 (Unaudited)         

AFFILIATED MUTUAL FUNDS - 100.0%	Shares		Fair Value
DEBT FUND - 20.2%
Praxis Impact Bond Fund - Class I		1,785,444	$	16,193,979
EQUITY FUND - 79.8%
Praxis Growth Index Fund - Class I		535,713		16,205,328
Praxis International Index Fund - Class I		1,956,644		19,312,079
Praxis Small Cap Index Fund - Class I		1,343,717		12,106,887
Praxis Value Index Fund - Class I		1,158,947		16,375,923
				64,000,217
TOTAL AFFILIATED MUTUAL FUNDS (COST $67,323,567)			$	80,194,196

MONEY MARKET FUNDS - 0.0% (a)	Shares		Fair Value
First American Government Obligations Fund - Class X, 2.77% (b) (COST $893)		893	$	893
TOTAL INVESTMENTS - (COST $67,324,460) - 100.0%			$	80,195,089
LIABILITIES IN EXCESS OF OTHER ASSETS - (0.0%) (a)				(37,949	)
NET ASSETS - 100.0%			$	80,157,140

(a)	Percentage rounds to less than 0.1%.
(b)	The rate shown is the 7-day effective yield as of September 30, 2022.