Schedule of Portfolio Investments

Praxis Impact Bond Fund

March 31, 2024 (Unaudited)

MUNICIPAL BONDS - 1.2%	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	$	1,048,615
Findlay City School District, Series 2010-B		6.250	%	12/01/37		270,000		270,464
Houston, Texas, Independent School District, Series 2009A-2		6.168	%	02/15/34		1,000,000		1,013,830
Massachusetts St., Series 2016-F		3.277	%	06/01/46		3,100,000		2,474,513
University of Texas, Permanent University Fund, Series 2017-A		3.376	%	07/01/47		3,000,000		2,356,050
University of Texas, Rev., Series 2020 B		2.439	%	08/15/49		1,875,000		1,200,951
University of Virginia, Rev., Series 2009		6.200	%	09/01/39		2,000,000		2,250,152
TOTAL MUNICIPAL BONDS (COST $11,252,349)							$	10,614,575

CORPORATE BONDS - 32.7%	Coupon			Maturity	Principal Amount		Fair Value
APPAREL & TEXTILE PRODUCTS - 0.1%
VF Corp.		2.400	%	04/23/25	$	536,000	$	515,937
ASSET MANAGEMENT - 0.1%
Ameriprise Financial, Inc.		3.000	%	04/02/25		730,000		713,087
AUTOMOTIVE - 0.3%
BorgWarner, Inc. (a)		2.650	%	07/01/27		601,000		556,447
Honda Motor Co. Ltd.		2.967	%	03/10/32		760,000		673,081
Hyundai Capital Services, Inc. (b)		1.250	%	02/08/26		200,000		185,034
Magna International, Inc.		2.450	%	06/15/30		1,250,000		1,081,511
								2,496,073
BANKING - 3.5%
Bank of America Corp., Series N		0.981	%	09/25/25		1,500,000		1,465,249
Bank of America Corp., Series N		2.456	%	10/22/25		1,000,000		982,031
Bank of America Corp., Series N		1.530	%	12/06/25		2,000,000		1,943,788
Bank of America Corp., Series N		4.271	%	07/23/29		1,000,000		963,916
Bank of America Corp., Series N		2.572	%	10/20/32		1,500,000		1,244,435

Schedule of Portfolio Investments (Continued)

Praxis Impact Bond Fund

CORPORATE BONDS - 32.7% (Continued)	Coupon			Maturity	Principal Amount		Fair Value
BANKING - 3.5% (Continued)
Bank of Montreal (a)		5.203	%	02/01/28	$	1,750,000	$	1,762,962
Bank of New York Mellon Corp. (The), Series J		4.967	%	04/26/34		2,000,000		1,963,305
Citigroup, Inc.		3.700	%	01/12/26		1,750,000		1,703,712
Citigroup, Inc.		2.014	%	01/25/26		1,000,000		969,589
Citigroup, Inc.		2.572	%	06/03/31		2,000,000		1,708,990
ING Groep N.V. (b)		4.625	%	01/06/26		1,250,000		1,236,139
JPMorgan Chase & Co.		3.200	%	06/15/26		2,557,000		2,460,447
JPMorgan Chase & Co.		2.739	%	10/15/30		2,000,000		1,771,150
KeyBank National Association		4.150	%	08/08/25		1,000,000		972,034
M&T Bank Corp.		4.553	%	08/16/28		1,500,000		1,432,073
PNC Financial Services Group, Inc. (The)		4.758	%	01/26/27		1,500,000		1,485,969
PNC Financial Services Group, Inc. (The)		5.582	%	06/12/29		1,000,000		1,012,181
Regions Financial Corp.		2.250	%	05/18/25		1,000,000		961,469
State Street Corp.		7.350	%	06/15/26		1,000,000		1,037,089
State Street Corp. (c)		4.164	%	08/04/33		1,000,000		928,748
Toronto-Dominion Bank, Series C		5.264	%	12/11/26		2,000,000		2,012,983
Truist Financial Corp. (SOFR + 60.90) (c)		1.267	%	03/02/27		1,000,000		924,505
UBS AG London		5.650	%	09/11/28		550,000		563,402
								31,506,166
BEVERAGES - 0.1%
Coca-Cola Co. (The)		3.450	%	03/25/30		500,000		470,059
Coca-Cola Femsa S.A.B. de C.V.		1.850	%	09/01/32		1,000,000		784,663
								1,254,722
BIOTECH & PHARMA - 0.4%
AbbVie, Inc.		2.950	%	11/21/26		500,000		476,199
Amgen, Inc. (a)		3.000	%	02/22/29		2,500,000		2,311,226
Gilead Sciences, Inc.		3.650	%	03/01/26		750,000		730,722
								3,518,147
CABLE & SATELLITE - 0.4%
Comcast Corp.		3.300	%	04/01/27		500,000		478,370
Comcast Corp. (a)		4.650	%	02/15/33		1,000,000		981,349
Comcast Corp.		2.937	%	11/01/56		672,000		423,095
Time Warner Cable, Inc.		4.500	%	09/15/42		500,000		369,903

Schedule of Portfolio Investments (Continued)

Praxis Impact Bond Fund

CORPORATE BONDS - 32.7% (Continued)	Coupon			Maturity	Principal Amount		Fair Value
CABLE & SATELLITE - 0.4% (Continued)
WarnerMedia Holdings, Inc.		4.054	%	03/15/29	$	1,500,000	$	1,404,189
								3,656,906
CHEMICALS - 0.6%
Air Products and Chemicals, Inc.		4.850	%	02/08/34		1,000,000		989,361
Avery Dennison Corp.		2.650	%	04/30/30		1,250,000		1,092,649
DowDuPont, Inc.		4.493	%	11/15/25		1,500,000		1,480,018
Ecolab, Inc.		4.800	%	03/24/30		140,000		140,679
Ecolab, Inc.		2.750	%	08/18/55		1,470,000		936,169
LG Chemical Ltd. (b)		3.250	%	10/15/24		290,000		286,137
Nutrien Ltd.		5.875	%	12/01/36		840,000		873,348
								5,798,361
CONSTRUCTION MATERIALS - 0.3%
Carlisle Cos., Inc.		3.500	%	12/01/24		1,250,000		1,230,262
Owens Corning		4.200	%	12/01/24		1,000,000		989,890
Owens Corning		3.950	%	08/15/29		300,000		283,619
								2,503,771
CONSUMER SERVICES - 4.6%
Andrew W. Mellon Funding		0.947	%	08/01/27		1,050,000		931,497
California Endowment (The)		2.498	%	04/01/51		4,500,000		2,833,183
Conservation Fund, Series 2019		3.474	%	12/15/29		535,000		487,471
Ford Foundation (The), Series 2017		3.859	%	06/01/47		4,620,000		3,854,830
Ford Foundation (The), Series 2020 (a)		2.415	%	06/01/50		235,000		147,926
John D. & Catherine T. MacArthur Foundation, Series 2020		1.299	%	12/01/30		1,500,000		1,195,767
Leland Stanford Junior University (The)		3.460	%	05/01/47		2,415,000		1,900,941
Local Initiatives Support Corp.		4.649	%	03/01/37		1,500,000		1,198,444
Massachusetts Institute of Technology, Series D-2		3.959	%	07/01/38		1,700,000		1,578,131
Massachusetts Institute of Technology, Series F		2.989	%	07/01/50		1,000,000		733,268
Massachusetts Institute of Technology, Series H (a)		3.067	%	04/01/52		4,200,000		3,081,817
President & Fellows of Harvard College, Series 2024-A (a)		4.609	%	02/15/35		2,000,000		1,994,104
President & Fellows of Harvard College, Series 2016-B		3.150	%	07/15/46		3,961,000		3,022,706

Schedule of Portfolio Investments (Continued)

Praxis Impact Bond Fund                              

CORPORATE BONDS - 32.7% (Continued)	Coupon			Maturity	Principal Amount		Fair Value
CONSUMER SERVICES - 4.6% (Continued)
President & Fellows of Harvard College, Series 2020-B		2.517	%	10/15/50	$	1,600,000	$	1,054,128
President & Fellows of Harvard College, Series 2022-A		3.745	%	11/15/52		700,000		584,180
Rockefeller Foundation (The)		2.492	%	10/01/50		4,290,000		2,754,650
Stanford University California, Series 2020-A		2.413	%	06/01/50		4,400,000		2,826,515
Trustees of Princeton University (The) (a)		2.516	%	07/01/50		6,650,000		4,447,285
University of Notre Dame, Series 2017		3.394	%	02/15/48		3,424,000		2,682,852
Yale University (a)		2.402	%	04/15/50		6,765,000		4,365,424
								41,675,119
CONTAINERS & PACKAGING - 0.3%
CCL Industries, Inc. (b)		3.050	%	06/01/30		1,750,000		1,517,933
Sonoco Products Co.		5.750	%	11/01/40		1,000,000		1,010,732
								2,528,665
DIVERSIFIED INDUSTRIALS - 0.1%
Illinois Tool Works, Inc.		3.900	%	09/01/42		1,000,000		862,189
ELECTRIC UTILITIES - 5.3%
Ameren Illinois Co.		5.900	%	12/01/52		2,250,000		2,409,525
Avangrid, Inc.		3.150	%	12/01/24		1,800,000		1,769,281
Avista Corp.		4.000	%	04/01/52		1,000,000		766,698
Caledonia Generating, LLC (b)		1.950	%	02/28/34		1,602,053		1,324,404
CenterPoint Energy, Inc., Series AL		5.300	%	04/01/53		1,000,000		998,002
Consolidated Edison Co.		3.350	%	04/01/30		1,000,000		921,107
DTE Electric Co.		4.050	%	05/15/48		1,750,000		1,435,107
DTE Electric Co.		3.650	%	03/01/52		750,000		568,528
DTE Energy Co., Series C (a)		4.875	%	06/01/28		1,500,000		1,483,040
Duke Energy Carolinas, LLC		3.550	%	03/15/52		2,200,000		1,618,360
Duke Energy Progress, LLC		3.450	%	03/15/29		1,750,000		1,646,371
Duke Energy Progress, LLC		4.000	%	04/01/52		1,500,000		1,190,217
Electricite de France S.A. (b)		3.625	%	10/13/25		1,250,000		1,217,922
Enel Finance International N.V. (b)		2.650	%	09/10/24		1,250,000		1,232,402
Florida Power & Light Co.		3.700	%	12/01/47		1,550,000		1,221,648
Florida Power & Light Co.		2.875	%	12/04/51		2,000,000		1,314,444

Schedule of Portfolio Investments (Continued)

Praxis Impact Bond Fund                              

CORPORATE BONDS - 32.7% (Continued)	Coupon			Maturity	Principal Amount		Fair Value
ELECTRIC UTILITIES - 5.3% (Continued)
Georgia Power Co., Series 2016-A		3.250	%	04/01/26	$	1,000,000	$	963,005
Interstate Power & Light Co.		3.600	%	04/01/29		1,250,000		1,170,961
Liberty Utilities Financial Services (b)		2.050	%	09/15/30		1,355,000		1,097,370
MidAmerican Energy Co.		3.950	%	08/01/47		1,750,000		1,405,645
Midland Cogeneration Venture, L.P. (b)		6.000	%	03/15/25		78,810		76,942
Narragansett Electric Co. (b)		3.395	%	04/09/30		1,500,000		1,369,333
National Rural Utilities		1.350	%	03/15/31		2,000,000		1,567,971
NextEra Energy Capital Holdings, Inc.		6.051	%	03/01/25		500,000		501,902
Niagara Mohawk Power Corp. (b)		1.960	%	06/27/30		1,500,000		1,236,509
Northern States Power Co.		2.900	%	03/01/50		1,500,000		998,526
NSTAR Electric Co.		3.950	%	04/01/30		600,000		565,584
NSTAR Electric Co.		5.500	%	03/15/40		1,250,000		1,267,617
NY State Electric & Gas (b)		5.650	%	08/15/28		1,650,000		1,687,414
Potomac Electric Power Co.		6.500	%	11/15/37		1,000,000		1,114,243
Public Service Co.		3.700	%	06/15/28		2,250,000		2,151,617
Public Service Electric and Gas Co.		4.650	%	03/15/33		2,500,000		2,436,707
Puget Energy, Inc.		4.223	%	06/15/48		1,000,000		820,477
Rochester Gas & Electric Corp. (b)		1.850	%	12/01/30		500,000		399,688
San Diego Gas and Electric Co.		4.500	%	08/15/40		841,000		753,708
Solar Star Funding, LLC (b)		3.950	%	06/30/35		236,563		211,679
Solar Star Funding, LLC (b)		5.375	%	06/30/35		372,128		361,847
Southern California Edison		4.050	%	03/15/42		1,165,000		964,444
Topaz Solar Farms, LLC (b)		4.875	%	09/30/39		216,137		190,376
Topaz Solar Farms, LLC (b)		5.750	%	09/30/39		515,866		515,180
Union Electric Co.		2.625	%	03/15/51		2,000,000		1,230,275
Westar Energy, Inc.		2.550	%	07/01/26		1,292,000		1,224,377
								47,400,453
ELECTRICAL EQUIPMENT - 0.2%
Johnson Controls International plc		1.750	%	09/15/30		1,800,000		1,480,738
Roper Technologies, Inc.		2.000	%	06/30/30		440,000		367,243
								1,847,981
FOOD - 1.1%
Campbell Soup Co.		3.950	%	03/15/25		1,500,000		1,477,193
Cargill, Inc. (b)		4.760	%	11/23/45		1,500,000		1,385,984
General Mills, Inc.		4.000	%	04/17/25		1,500,000		1,478,156

Schedule of Portfolio Investments (Continued)

Praxis Impact Bond Fund                              

CORPORATE BONDS - 32.7% (Continued)	Coupon			Maturity	Principal Amount		Fair Value
FOOD - 1.1% (Continued)
Hormel Foods Corp.		1.800	%	06/11/30	$	2,250,000	$	1,883,116
Ingredion, Inc.		2.900	%	06/01/30		1,000,000		884,857
Mars, Inc. (b)		4.650	%	04/20/31		1,000,000		987,024
Mars, Inc. (b)		3.600	%	04/01/34		1,500,000		1,338,874
								9,435,204
FORESTRY, PAPER & WOOD PRODUCTS - 0.1%
Suzano S.A.		5.500	%	01/17/27		800,000		796,788
GAS & WATER UTILITIES - 0.3%
American Water Capital Corp.		2.800	%	05/01/30		1,500,000		1,320,479
Brooklyn Union Gas Co. (b)		4.504	%	03/10/46		1,250,000		996,538
Indiana Gas Co., Inc.		6.550	%	06/30/28		250,000		253,927
								2,570,944
HEALTH CARE FACILITIES & SERVICES - 0.2%
Kaiser Foundation Hospital		3.150	%	05/01/27		1,500,000		1,428,238
HOME & OFFICE PRODUCTS - 0.1%
Steelcase, Inc.		5.125	%	01/18/29		1,000,000		945,069
HOME CONSTRUCTION - 0.1%
NVR, Inc.		3.000	%	05/15/30		1,000,000		888,015
INSTITUTIONAL FINANCIAL SERVICES - 0.9%
Brookfield Finance, Inc. (a)		4.250	%	06/02/26		1,570,000		1,541,626
Goldman Sachs Group, Inc.		4.223	%	05/01/29		1,000,000		962,533
Goldman Sachs Group, Inc.		3.800	%	03/15/30		1,500,000		1,404,753
Morgan Stanley, Series F		3.125	%	07/27/26		2,000,000		1,912,977
Morgan Stanley, Series I		5.449	%	07/20/29		1,000,000		1,008,769
Morgan Stanley, Series I		2.699	%	01/22/31		1,250,000		1,092,106
								7,922,764
INSURANCE - 4.4%
Aflac, Inc.		4.000	%	10/15/46		1,408,000		1,138,042
AIG Global Funding (b)		5.200	%	01/12/29		500,000		500,579
Allstate Corp. (The)		5.250	%	03/30/33		1,000,000		1,003,591
Athene Global Funding (b)		5.583	%	01/09/29		785,000		790,098
F&G Global Funding (b)		2.300	%	04/11/27		535,000		480,260

Schedule of Portfolio Investments (Continued)

Praxis Impact Bond Fund                              

CORPORATE BONDS - 32.7% (Continued)	Coupon			Maturity	Principal Amount		Fair Value
INSURANCE - 4.4% (Continued)
Fidelity National Financial, Inc.		3.400	%	06/15/30	$	1,000,000	$	887,878
First American Financial Corp.		2.400	%	08/15/31		1,500,000		1,186,546
GA Global Funding Trust (b)		2.250	%	01/06/27		2,000,000		1,830,100
Horace Mann Educators Corp.		4.500	%	12/01/25		1,235,000		1,206,514
Horace Mann Educators Corp.		7.250	%	09/15/28		965,000		1,030,707
Jackson National Life Global Funding (b)		1.750	%	01/12/25		385,000		373,408
Jackson National Life Global Funding (a)(b)		5.500	%	01/09/26		1,250,000		1,244,521
Kemper Corp. (a)		4.350	%	02/15/25		1,250,000		1,233,561
Marsh & McLennan Cos., Inc.		3.750	%	03/14/26		1,000,000		977,778
Massachusetts Mutual Life Insurance Co. (b)		3.375	%	04/15/50		2,500,000		1,744,983
Met Life Global Funding I (b)		5.150	%	03/28/33		1,250,000		1,251,406
Mutual of Omaha Global, Series 2023-1 (b)		5.800	%	07/27/26		385,000		388,374
Mutual of Omaha Global (b)		5.450	%	12/12/28		365,000		371,960
New York Life Global Funding (b)		4.900	%	06/13/28		3,000,000		2,994,907
Northwestern Mutual, Series 2023-3 (b)		4.900	%	06/12/28		1,740,000		1,730,072
Pacific Life Global Funding II, Series 2020-1 (b)		1.200	%	06/24/25		415,000		394,929
Pacific Life Global Funding II, Series 2021-1 (a)(b)		1.450	%	01/20/28		1,000,000		882,770
Pricoa Global Funding I (b)		5.100	%	05/30/28		2,000,000		2,004,026
Primerica, Inc.		2.800	%	11/19/31		1,000,000		834,633
Principal Financial Group, Inc.		3.700	%	05/15/29		1,250,000		1,172,809
Protective Life Global Funding (b)		5.366	%	01/06/26		500,000		501,225
Protective Life Global Funding (b)		5.209	%	04/14/26		1,000,000		1,000,534
Prudential Financial, Inc.		1.500	%	03/10/26		644,000		602,629
Prudential Funding Asia plc		3.125	%	04/14/30		750,000		674,760
Reliance STD Life Insurance Co. (b)		2.750	%	05/07/25		1,280,000		1,238,290
RGA Global Funding (b)		5.500	%	01/11/31		1,000,000		1,002,749
Sammons Financial Group, Inc. (a)(b)		4.450	%	05/12/27		1,200,000		1,146,238
Sammons Financial Group, Inc. (b)		6.875	%	04/15/34		1,000,000		1,006,826
Security Benefit Global (b)		1.250	%	05/17/24		1,500,000		1,490,275
Teachers Insurance & Annuity Association (b)(c)		4.375	%	09/15/54		2,678,000		2,644,081
Trustage Financial Group, Inc. (b)		4.625	%	04/15/32		400,000		348,090
								39,310,149
LEISURE FACILITIES & SERVICES - 0.2%
McDonald's Corp., Series MTN		3.500	%	07/01/27		1,000,000		958,624
Starbucks Corp.		2.450	%	06/15/26		1,000,000		945,534
								1,904,158

Schedule of Portfolio Investments (Continued)

Praxis Impact Bond Fund                              

CORPORATE BONDS - 32.7% (Continued)	Coupon			Maturity	Principal Amount		Fair Value
MACHINERY - 0.4%
Ingersoll-Rand Global Holding Co. Ltd.		6.391	%	11/15/27	$	655,000	$	668,122
John Deere Capital Corp.		1.750	%	03/09/27		250,000		229,519
John Deere Capital Corp.		3.050	%	01/06/28		1,250,000		1,183,265
Xylem, Inc.		1.950	%	01/30/28		1,775,000		1,593,748
								3,674,654
MEDICAL EQUIPMENT & DEVICES - 0.1%
Alcon Finance Corp. (b)		2.600	%	05/27/30		1,250,000		1,079,236
PERSONAL PRODUCTS - 0.1%
Estée Lauder Cos., Inc. (The)		2.600	%	04/15/30		1,000,000		879,520
PIPELINES - 0.1%
Northern Natural Gas Co. (b)		4.100	%	09/15/42		1,200,000		943,993
REITS - 3.6%
Agree Ltd. Partnership		2.900	%	10/01/30		650,000		558,814
Agree Ltd. Partnership		4.800	%	10/01/32		715,000		674,391
Alexandria Real Estate Equities, Inc.		2.950	%	03/15/34		1,000,000		821,516
Alexandria Real Estate Equities, Inc.		4.750	%	04/15/35		1,250,000		1,181,217
American Homes 4 Rent		5.500	%	02/01/34		2,000,000		1,993,981
Boston Properties, L.P.		4.500	%	12/01/28		1,250,000		1,189,393
Camden Property Trust		2.800	%	05/15/30		1,500,000		1,330,336
Digital Realty Trust, L.P.		5.550	%	01/15/28		2,250,000		2,266,125
ERP Operating, L.P.		4.150	%	12/01/28		1,250,000		1,211,443
ESSEX Portfolio, L.P.		2.650	%	03/15/32		1,500,000		1,241,904
ESSEX Portfolio, L.P.		5.500	%	04/01/34		250,000		250,277
Federal Realty Investment Trust		1.250	%	02/15/26		515,000		476,350
Federal Realty Investment Trust		5.375	%	05/01/28		1,500,000		1,504,255
Kilroy Realty Corp.		2.500	%	11/15/32		1,750,000		1,317,958
Kimco Realty Corp. (a)		2.700	%	10/01/30		1,750,000		1,511,461
Lexington Realty Trust		2.700	%	09/15/30		1,500,000		1,252,795
Mid-America Apartment Communities, Inc. (a)		3.950	%	03/15/29		1,750,000		1,682,796
Ontario Teachers Cadillac Fairview Properties Trust (b)		2.500	%	10/15/31		1,255,000		1,015,094
Prologis, L.P.		2.875	%	10/06/29		1,500,000		1,354,800
Prologis, L.P.		4.625	%	01/15/33		1,500,000		1,458,365

Schedule of Portfolio Investments (Continued)

Praxis Impact Bond Fund                              

CORPORATE BONDS - 32.7% (Continued)	Coupon			Maturity	Principal Amount		Fair Value
REITS - 3.6% (Continued)
Realty Income Corp.		4.700	%	12/15/28	$	1,000,000	$	984,913
Regency Centers, L.P.		3.750	%	06/15/24		1,000,000		994,269
Rexford Industrial Realty, L.P.		5.000	%	06/15/28		500,000		496,249
Rexford Industrial Realty, L.P.		2.150	%	09/01/31		1,750,000		1,401,371
Sun Communities Operating, L.P.		2.700	%	07/15/31		500,000		411,749
Sun Communities Operating, L.P.		5.700	%	01/15/33		750,000		743,801
UDR, Inc.		1.900	%	03/15/33		1,500,000		1,136,358
Vornado Realty, L.P.		3.500	%	01/15/25		567,000		554,295
WP Carey, Inc.		2.450	%	02/01/32		1,500,000		1,206,663
								32,222,939
RETAIL - CONSUMER STAPLES - 0.2%
Kroger Co. (The)		5.000	%	04/15/42		1,000,000		939,679
Walmart, Inc.		1.800	%	09/22/31		500,000		415,122
								1,354,801
RETAIL - DISCRETIONARY - 0.3%
Home Depot, Inc. (The)		3.625	%	04/15/52		1,000,000		763,757
Lowe's Cos., Inc.		4.650	%	04/15/42		1,000,000		907,967
Lowe's Cos., Inc.		3.000	%	10/15/50		500,000		327,499
Lowe's Cos., Inc.		5.625	%	04/15/53		1,000,000		1,010,008
								3,009,231
SEMICONDUCTORS - 0.3%
Intel Corp. (a)		4.150	%	08/05/32		1,000,000		949,761
Intel Corp.		3.734	%	12/08/47		1,361,000		1,057,369
NVIDIA Corp.		2.850	%	04/01/30		500,000		453,839
								2,460,969
SOFTWARE - 0.4%
Microsoft Corp.		2.525	%	06/01/50		4,500,000		2,957,234
Microsoft Corp.		2.921	%	03/17/52		1,000,000		706,975
								3,664,209
SPECIALTY FINANCE - 0.8%
BlueHub Loan Fund, Inc.		3.099	%	01/01/30		1,030,000		839,669
Community Preservation Corp. (The)		2.867	%	02/01/30		2,500,000		2,155,168
Low Income Investment Fund		3.386	%	07/01/26		115,000		107,958
Low Income Investment Fund		3.711	%	07/01/29		1,985,000		1,806,099
USAA Capital Corp. (b)		2.125	%	05/01/30		3,000,000		2,507,716
								7,416,610

Schedule of Portfolio Investments (Continued)

Praxis Impact Bond Fund                              

CORPORATE BONDS - 32.7% (Continued)	Coupon			Maturity	Principal Amount		Fair Value
STEEL - 0.0% (d)
Nucor Corp.		2.000	%	06/01/25	$	460,000	$	442,112
TECHNOLOGY HARDWARE - 0.5%
Apple, Inc.		3.000	%	06/20/27		1,000,000		952,605
Apple, Inc.		2.650	%	05/11/50		1,000,000		664,017
Apple, Inc.		2.650	%	02/08/51		2,000,000		1,316,833
HP, Inc.		4.750	%	01/15/28		1,100,000		1,093,604
HP, Inc.		4.000	%	04/15/29		915,000		874,423
								4,901,482
TECHNOLOGY SERVICES - 0.2%
Experian Finance plc (a)(b)		2.750	%	03/08/30		635,000		554,771
Moody's Corp.		3.250	%	05/20/50		500,000		357,922
Moody's Corp.		3.750	%	02/25/52		1,000,000		782,528
								1,695,221
TELECOMMUNICATIONS - 0.6%
AT&T, Inc.		5.250	%	03/01/37		500,000		491,569
AT&T, Inc.		4.750	%	05/15/46		2,000,000		1,791,097
Verizon Communications, Inc.		3.875	%	02/08/29		1,000,000		957,367
Verizon Communications, Inc. (a)		1.500	%	09/18/30		1,000,000		816,337
Verizon Communications, Inc.		2.987	%	10/30/56		1,799,000		1,150,747
								5,207,117
TRANSPORTATION & LOGISTICS - 1.1%
British Airways, Series 2013-1 (b)		4.625	%	12/20/25		91,681		91,463
Burlington Northern Santa Fe, LLC		5.750	%	05/01/40		2,078,000		2,194,478
Canadian Pacific Railway Co.		2.050	%	03/05/30		1,750,000		1,488,697
Norfolk Southern Corp.		4.837	%	10/01/41		1,000,000		940,914
Norfolk Southern Corp.		3.050	%	05/15/50		1,500,000		1,014,509
Penske Truck Leasing Co. (b)		3.450	%	07/01/24		1,250,000		1,242,341
Penske Truck Leasing Co. (b)		5.750	%	05/24/26		500,000		503,617
TTX Co. (b)		4.600	%	02/01/49		280,000		250,394
TTX Co. (b)		5.650	%	12/01/52		500,000		511,283
Union Pacific Corp.		4.950	%	09/09/52		2,000,000		1,938,323
								10,176,019
TRANSPORTATION EQUIPMENT - 0.1%
Ryder System, Inc. (a)		5.650	%	03/01/28		1,250,000		1,273,912

Schedule of Portfolio Investments (Continued)

Praxis Impact Bond Fund                              

CORPORATE BONDS - 32.7% (Continued)	Coupon			Maturity	Principal Amount		Fair Value
WHOLESALE - CONSUMER STAPLES - 0.2%
Bunge Ltd. Finance Corp.		1.630	%	08/17/25	$	395,000	$	374,136
Sysco Corp. (a)		2.400	%	02/15/30		1,750,000		1,514,241
								1,888,377
TOTAL CORPORATE BONDS (COST $327,476,354)							$	293,769,308

CORPORATE NOTES - 0.9%	Coupon			Maturity		Principal Amount		Fair Value
COMMUNITY DEVELOPMENT - 0.9%
Calvert Impact Capital, Inc. (e)		1.000	%		06/14/24	$	550,000	$	542,802
Calvert Impact Capital, Inc. (e)		3.000	%		06/17/24		980,000		970,737
Calvert Impact Capital, Inc. (e)		3.000	%		12/15/24		400,000		390,335
Calvert Impact Capital, Inc. (e)		2.500	%		06/13/25		1,400,000		1,342,182
Calvert Impact Capital, Inc. (e)		2.500	%		12/15/25		650,000		612,189
Calvert Impact Capital, Inc. (e)		4.000	%		06/15/28		1,200,000		1,107,143
Calvert Impact Capital, Inc. (e)		5.000	%		12/15/28		450,000		429,737
Calvert Impact Climate, Inc. (e)		5.500	%		12/15/53		1,000,000		993,617
Capital Impact Partners Investment (e)		5.750	%		06/15/24		1,200,000		1,200,683
Capital Impact Partners Investment (e)		5.000	%		12/15/26		500,000		500,514
TOTAL CORPORATE NOTES (COST $8,330,000)								$	8,089,939

FOREIGN GOVERNMENTS - 4.7%	Coupon			Maturity		Principal Amount		Fair Value
FOREIGN AGENCY - 1.0%
BNG Bank N.V. (b)		1.500	%		10/16/24	$	1,500,000	$	1,468,923
BNG Bank N.V. (b)		0.500	%		11/24/25		2,000,000		1,861,540
Kommunalbanken A.S. (b)		2.125	%		02/11/25		1,000,000		973,698
Kommunivest I Sverige AB, Series 4901 (b)		0.375	%		06/19/24		500,000		494,513
Kreditanstalt Fur Wiederafbau		4.375	%		02/28/34		4,000,000		4,013,984
									8,812,658
SUPRANATIONAL - 3.7%
Asian Development Bank		3.125	%		09/26/28		1,000,000		949,819
Central American Bank for Economic Integration (b)		1.140	%		02/09/26		1,200,000		1,107,916

Schedule of Portfolio Investments (Continued)

Praxis Impact Bond Fund

FOREIGN GOVERNMENTS - 4.7% (Continued)	Coupon			Maturity		Principal Amount		Fair Value
SUPRANATIONAL - 3.7% (Continued)
European Bank for Reconstruction & Development		1.500	%		02/13/25	$	200,000	$	193,808
European Investment Bank (a)		2.125	%		04/13/26		1,000,000		950,460
European Investment Bank		2.375	%		05/24/27		4,000,000		3,757,079
Inter-American Development Bank		0.875	%		04/03/25		3,000,000		2,876,437
Inter-American Development Bank		3.500	%		04/12/33		3,000,000		2,803,300
Inter-American Development Bank		4.375	%		01/24/44		3,000,000		2,879,127
International Bank for Reconstruction & Development		3.126	%		11/20/25		1,000,000		973,943
International Bank for Reconstruction & Development		0.875	%		07/15/26		3,000,000		2,758,698
International Bank for Reconstruction & Development		3.125	%		06/15/27		4,000,000		3,839,041
International Bank for Reconstruction & Development		4.750	%		11/14/33		3,000,000		3,092,067
International Development Association (b)		0.375	%		09/23/25		2,000,000		1,872,092
International Development Association (a)(b)		0.876	%		04/28/26		2,000,000		1,848,772
International Finance Corp., Series GMTN		2.126	%		04/07/26		3,000,000		2,851,843
International Finance Corp., Series 2622		4.375	%		01/15/27		1,000,000		995,916
									33,750,318
TOTAL FOREIGN GOVERNMENTS (COST $44,543,376)								$	42,562,976

COMMERCIAL MORTGAGE-BACKED SECURITIES - 0.0% (d)	Coupon			Maturity		Principal Amount		Fair Value
Commercial Mortgage Pass-Through Certificates, Class A-3 (Cost $33,582)		2.853	%		10/17/45	$	32,965	$	30,250

U.S. GOVERNMENT AGENCIES - 53.8%	Coupon			Maturity		Principal Amount		Fair Value
DEVELOPMENT FINANCE CORPORATION - 0.9%
DFC		5.500	%		09/15/26	$	416,667	$	416,667

Schedule of Portfolio Investments (Continued)

Praxis Impact Bond Fund

U.S. GOVERNMENT AGENCIES - 53.8% (Continued)	Coupon			Maturity	Principal Amount		Fair Value
DEVELOPMENT FINANCE CORPORATION - 0.9% (Continued)
DFC		1.590	%	04/15/28	$	2,000,000	$	1,803,130
DFC		1.650	%	04/15/28		3,500,000		3,188,042
DFC		3.130	%	04/15/28		1,000,000		947,779
DFC		3.540	%	06/15/30		367,661		355,790
DFC		3.520	%	09/20/32		607,143		574,304
DFC		3.820	%	06/01/33		733,816		696,222
								7,981,934
FEDERAL HOME LOAN BANK - 7.5%
FHLB		1.250	%	12/21/26		4,000,000		3,671,952
FHLB		4.125	%	01/15/27		7,000,000		6,942,136
FHLB		4.250	%	12/10/27		11,000,000		10,940,831
FHLB		4.500	%	03/10/28		3,000,000		3,012,831
FHLB		4.000	%	06/30/28		3,200,000		3,175,786
FHLB		3.250	%	11/16/28		13,000,000		12,437,410
FHLB		5.500	%	07/15/36		18,620,000		20,460,599
FHLB		2.590	%	03/19/40		4,000,000		3,019,243
FHLB		2.340	%	03/26/40		1,000,000		720,613
FHLB		2.070	%	06/29/40		1,715,000		1,180,355
FHLB		2.010	%	07/16/40		2,685,000		1,816,316
								67,378,072
FEDERAL HOME LOAN MORTGAGE CORPORATION - 19.6%
FHLMC		4.000	%	11/01/24		6,731		6,690
FHLMC		0.375	%	09/23/25		3,500,000		3,278,446
FHLMC		4.000	%	10/01/25		7,887		7,811
FHLMC		2.875	%	04/25/26		3,000,000		2,881,537
FHLMC		6.000	%	04/01/27		24,017		24,258
FHLMC		2.500	%	10/01/27		143,888		138,128
FHLMC		2.738	%	04/25/29		2,125,760		2,018,870
FHLMC		2.939	%	04/25/29		4,000,000		3,674,750
FHLMC		2.412	%	08/25/29		5,780,000		5,198,982
FHLMC		7.000	%	02/01/30		10,363		10,695
FHLMC		1.297	%	06/25/30		13,000,000		10,723,749
FHLMC		7.500	%	07/01/30		38,751		39,880
FHLMC		1.406	%	08/25/30		2,000,000		1,648,925
FHLMC		1.503	%	09/25/30		4,000,000		3,325,864

Schedule of Portfolio Investments (Continued)

Praxis Impact Bond Fund

U.S. GOVERNMENT AGENCIES - 53.8% (Continued)	Coupon			Maturity	Principal Amount		Fair Value
FEDERAL HOME LOAN MORTGAGE CORPORATION - 19.6% (Continued)
FHLMC		1.487	%	11/25/30	$	11,900,000	$	9,813,359
FHLMC		1.878	%	01/25/31		1,500,000		1,256,316
FHLMC		2.000	%	01/25/31		3,000,000		2,539,644
FHLMC		7.000	%	03/01/31		15,088		15,571
FHLMC		1.777	%	10/25/31		5,000,000		4,120,075
FHLMC		2.154	%	10/25/31		4,000,000		3,377,356
FHLMC		2.091	%	11/25/31		2,500,000		2,093,359
FHLMC		2.450	%	04/25/32		7,100,000		6,055,841
FHLMC		2.650	%	05/25/32		9,000,000		7,786,094
FHLMC		6.250	%	07/15/32		7,050,000		8,013,310
FHLMC		3.123	%	08/25/32		5,710,000		5,112,683
FHLMC		3.000	%	11/01/32		277,569		260,174
FHLMC		3.000	%	11/01/32		366,601		343,621
FHLMC		5.500	%	11/01/33		20,793		21,251
FHLMC (H15T1Y + 223.10) (c)		5.356	%	05/01/34		21,065		21,533
FHLMC (H15T1Y + 223.10) (c)		5.356	%	05/01/34		1,862		1,867
FHLMC		1.783	%	06/25/34		2,084,061		1,634,430
FHLMC		5.000	%	07/01/35		42,393		42,419
FHLMC		4.500	%	10/01/35		58,588		57,315
FHLMC		2.438	%	02/25/36		4,000,000		3,132,655
FHLMC		5.500	%	03/01/36		16,073		16,428
FHLMC		1.500	%	04/01/36		4,905,899		4,271,450
FHLMC		5.500	%	06/01/36		23,992		24,520
FHLMC		6.000	%	06/01/36		19,860		20,342
FHLMC		5.500	%	12/01/36		19,489		19,918
FHLMC		2.000	%	02/01/37		3,983,983		3,529,425
FHLMC		6.000	%	08/01/37		9,488		9,841
FHLMC		5.000	%	03/01/38		100,807		101,465
FHLMC		4.500	%	06/01/39		107,767		105,821
FHLMC		5.000	%	06/01/39		158,168		158,227
FHLMC		4.500	%	07/01/39		102,173		100,329
FHLMC		4.500	%	11/01/39		93,904		92,209
FHLMC		4.500	%	09/01/40		141,584		138,860
FHLMC		4.500	%	05/01/41		276,939		271,938
FHLMC		4.500	%	07/01/41		320,516		314,732

Schedule of Portfolio Investments (Continued)

Praxis Impact Bond Fund

U.S. GOVERNMENT AGENCIES - 53.8% (Continued)	Coupon			Maturity	Principal Amount		Fair Value
FEDERAL HOME LOAN MORTGAGE CORPORATION - 19.6% (Continued)
FHLMC		5.000	%	09/01/41	$	133,266	$	133,028
FHLMC		3.500	%	10/01/41		154,768		142,970
FHLMC		4.000	%	10/01/41		168,290		159,652
FHLMC		3.500	%	02/01/42		282,374		260,406
FHLMC		4.000	%	02/01/42		72,956		69,212
FHLMC		3.500	%	06/01/42		315,116		290,470
FHLMC		3.500	%	06/01/42		314,593		289,988
FHLMC		3.500	%	08/01/42		371,008		341,835
FHLMC		3.000	%	11/01/42		708,573		633,435
FHLMC		3.000	%	01/01/43		401,261		358,709
FHLMC		3.000	%	05/01/43		543,842		486,158
FHLMC		3.500	%	10/01/44		311,232		285,172
FHLMC		3.500	%	11/01/44		283,417		259,553
FHLMC		3.500	%	04/01/45		351,583		321,247
FHLMC		3.000	%	05/01/46		604,395		532,639
FHLMC		3.000	%	12/01/46		1,505,017		1,326,563
FHLMC		3.500	%	03/01/48		1,671,625		1,530,399
FHLMC		3.500	%	03/01/49		463,181		421,884
FHLMC		3.500	%	07/01/49		749,246		679,517
FHLMC		3.000	%	09/01/49		867,156		754,251
FHLMC		3.000	%	07/01/50		2,135,325		1,857,773
FHLMC		2.000	%	08/01/50		3,032,727		2,418,932
FHLMC		2.050	%	08/19/50		2,500,000		1,376,314
FHLMC		2.000	%	01/01/51		7,479,609		5,962,339
FHLMC		2.500	%	04/01/51		7,292,129		6,062,317
FHLMC		2.500	%	09/01/51		2,913,947		2,418,240
FHLMC		2.500	%	02/01/52		6,144,681		5,089,750
FHLMC		2.000	%	04/01/52		4,554,474		3,607,219
FHLMC		3.000	%	04/01/52		5,368,133		4,623,338
FHLMC		2.500	%	05/01/52		6,387,408		5,282,211
FHLMC		3.000	%	05/01/52		5,447,952		4,691,654
FHLMC		4.000	%	07/01/52		5,471,924		5,067,267
FHLMC		3.500	%	09/01/52		4,661,901		4,174,137
FHLMC		4.000	%	10/01/52		11,160,049		10,334,789

Schedule of Portfolio Investments (Continued)

Praxis Impact Bond Fund

U.S. GOVERNMENT AGENCIES - 53.8% (Continued)	Coupon			Maturity	Principal Amount		Fair Value
FEDERAL HOME LOAN MORTGAGE CORPORATION - 19.6% (Continued)
FHLMC		5.500	%	05/01/53	$	6,517,693	$	6,487,038
								176,583,369
FEDERAL NATIONAL MORTGAGE ASSOCIATION - 25.6%
FNMA		3.080	%	12/01/24		2,047,325		2,010,165
FNMA		5.000	%	04/01/25		4,867		4,833
FNMA		5.000	%	07/01/25		4,857		4,812
FNMA		3.500	%	10/01/25		9,629		9,470
FNMA		5.000	%	10/01/25		8,058		7,978
FNMA		5.500	%	11/01/25		5		5
FNMA		0.500	%	11/07/25		6,934,000		6,481,407
FNMA		4.000	%	03/01/26		52,037		51,264
FNMA		2.910	%	04/01/26		3,000,000		2,871,471
FNMA		2.125	%	04/24/26		2,000,000		1,901,019
FNMA		2.500	%	09/01/27		158,175		151,870
FNMA		0.750	%	10/08/27		8,000,000		7,052,707
FNMA		2.500	%	11/01/27		267,271		256,433
FNMA		2.500	%	01/01/28		172,523		165,301
FNMA (c)		3.302	%	06/25/28		1,808,366		1,717,179
FNMA		3.547	%	09/25/28		3,470,529		3,318,616
FNMA		2.530	%	05/01/29		3,949,068		3,566,499
FNMA		2.522	%	08/27/29		5,346,438		4,800,850
FNMA		1.470	%	11/01/29		2,599,000		2,185,532
FNMA		0.875	%	08/05/30		25,750,000		20,848,576
FNMA		6.625	%	11/15/30		12,750,000		14,390,299
FNMA (c)		1.469	%	11/25/30		3,000,000		2,461,591
FNMA (c)		1.383	%	12/25/30		5,000,000		4,082,928
FNMA		1.245	%	01/25/31		3,000,000		2,401,584
FNMA		1.410	%	02/01/31		3,000,000		2,430,176
FNMA		1.375	%	03/25/31		1,000,000		810,558
FNMA		2.000	%	01/01/32		946,546		869,469
FNMA		3.000	%	12/01/32		408,841		382,660
FNMA		4.507	%	04/25/33		2,000,000		1,972,689
FNMA		6.000	%	10/01/33		15,346		15,799
FNMA		5.500	%	02/01/34		17,307		17,666
FNMA (H15T1Y + 211.70) (c)		5.938	%	05/01/34		17,661		17,952

Schedule of Portfolio Investments (Continued)

Praxis Impact Bond Fund

U.S. GOVERNMENT AGENCIES - 53.8% (Continued)	Coupon			Maturity	Principal Amount		Fair Value
FEDERAL NATIONAL MORTGAGE ASSOCIATION - 25.6% (Continued)
FNMA		6.000	%	11/01/34	$	43,462	$	44,987
FNMA		5.500	%	01/01/35		26,137		27,155
FNMA		2.500	%	02/01/35		993,751		910,595
FNMA		5.000	%	10/01/35		39,955		40,165
FNMA		5.500	%	10/01/35		47,982		48,979
FNMA		6.000	%	10/01/35		23,639		24,440
FNMA		5.500	%	06/01/36		10,145		10,356
FNMA		6.000	%	06/01/36		11,974		12,403
FNMA		5.500	%	11/01/36		15,474		15,795
FNMA (RFUCCT1Y + 156.50) (c)		6.065	%	05/01/37		1,937		1,928
FNMA		5.625	%	07/15/37		14,250,000		15,724,673
FNMA		4.500	%	09/01/40		83,927		82,310
FNMA		4.500	%	10/01/40		85,207		83,565
FNMA		4.000	%	12/01/40		215,954		204,634
FNMA		4.000	%	01/01/41		155,036		146,901
FNMA		3.500	%	02/01/41		230,123		212,327
FNMA		4.000	%	10/01/41		121,914		115,515
FNMA		4.000	%	11/01/41		137,597		130,375
FNMA		4.000	%	12/01/41		231,719		219,554
FNMA		4.000	%	12/01/41		162,987		154,431
FNMA		4.000	%	01/01/42		515,487		491,053
FNMA		3.500	%	05/01/42		265,790		244,691
FNMA		3.000	%	06/01/42		499,619		447,094
FNMA		3.000	%	08/01/42		383,605		343,313
FNMA		3.000	%	08/01/42		398,465		357,035
FNMA		3.500	%	12/01/42		539,381		496,451
FNMA		3.000	%	06/01/43		462,333		412,767
FNMA		4.000	%	12/01/44		630,391		601,415
FNMA		3.500	%	05/01/45		723,922		662,578
FNMA		3.000	%	04/01/46		588,200		519,348
FNMA		3.500	%	11/01/46		1,006,521		918,326
FNMA		4.000	%	10/01/48		457,966		430,634
FNMA		4.000	%	11/01/48		1,219,642		1,149,110
FNMA		3.500	%	05/01/49		373,750		338,589
FNMA		4.000	%	06/01/49		571,386		534,658

Schedule of Portfolio Investments (Continued)

Praxis Impact Bond Fund

U.S. GOVERNMENT AGENCIES - 53.8% (Continued)	Coupon			Maturity	Principal Amount		Fair Value
FEDERAL NATIONAL MORTGAGE ASSOCIATION - 25.6% (Continued)
FNMA		3.500	%	08/01/49	$	1,544,799	$	1,403,646
FNMA		3.000	%	09/01/49		827,684		721,691
FNMA		3.000	%	06/01/50		1,705,541		1,481,764
FNMA		2.500	%	07/01/50		2,801,126		2,337,414
FNMA		2.500	%	08/01/50		1,978,722		1,649,332
FNMA		3.000	%	08/01/50		3,013,681		2,619,636
FNMA		2.000	%	11/01/50		5,026,293		4,008,600
FNMA		2.000	%	01/01/51		8,990,079		7,155,929
FNMA		2.000	%	02/01/51		5,319,146		4,238,003
FNMA		2.500	%	04/01/51		15,005,417		12,478,798
FNMA		2.000	%	08/01/51		12,652,826		10,047,957
FNMA		2.000	%	11/01/51		5,228,369		4,146,110
FNMA		2.500	%	12/01/51		8,361,566		6,919,510
FNMA		2.500	%	05/01/52		5,487,882		4,546,526
FNMA		3.500	%	05/01/52		5,363,337		4,802,945
FNMA		3.500	%	05/01/52		7,472,898		6,691,950
FNMA		3.000	%	07/01/52		4,629,603		3,984,055
FNMA		4.500	%	07/01/52		4,480,692		4,266,652
FNMA		4.500	%	08/01/52		6,301,680		6,000,648
FNMA		4.500	%	10/01/52		7,322,626		6,972,822
FNMA		5.000	%	04/01/53		10,299,790		10,052,964
FNMA		5.000	%	06/01/53		3,907,002		3,812,681
FNMA		5.000	%	10/01/53		6,828,661		6,662,551
								230,419,692
GOVERNMENT NATIONAL MORTGAGE ASSOCIATION - 0.0% (d)
GNMA		7.000	%	12/20/30		6,671		6,818
GNMA		7.000	%	10/20/31		4,627		4,852
GNMA		7.000	%	03/20/32		20,937		21,399
GNMA (H15T1Y + 150.00) (c)		3.625	%	01/20/34		13,244		13,322
GNMA		5.500	%	10/20/38		4,840		4,773
GNMA		6.500	%	11/20/38		3,050		3,086
								54,250
SMALL BUSINESS ADMINISTRATION - 0.0% (d)
SBA (Prime - 2.65) (c)		5.850	%	02/25/32		4,546		4,522

Schedule of Portfolio Investments (Continued)

Praxis Impact Bond Fund

U.S. GOVERNMENT AGENCIES - 53.8% (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	$	1,401,709
TOTAL U.S. GOVERNMENT AGENCIES (COST $518,952,312)							$	483,823,548

ASSET BACKED SECURITIES - 4.1%	Coupon			Maturity		Principal Amount		Fair Value
Ahold Finance U.S.A., LLC		8.620	%	01/02/25	$	1,999	$	2,025
Aligned Data Centers Issuer, LLC (b)		6.000	%	08/17/48		1,510,000		1,506,435
American Tower Trust I (b)		3.652	%	03/23/28		2,000,000		1,895,007
Beacon Container Finance II, LLC (b)		2.250	%	10/22/46		788,667		703,471
CLI Funding, LLC (b)		2.720	%	01/18/47		1,100,389		979,681
DB Master Finance, LLC (b)		2.493	%	11/20/51		1,979,438		1,746,088
Domino's Pizza Master Issuer, LLC (b)		4.474	%	10/25/45		2,086,875		2,046,531
Duke Energy Progress NC Storm Funding, LLC		2.799	%	07/01/41		2,000,000		1,495,461
Golden Credit Card Trust (b)		1.140	%	08/15/28		1,000,000		911,844
Iowa Student Loan Liquidity Corp. Rev.		1.730	%	08/25/70		978,230		843,039
Mosaic Solar Loans, LLC (b)		2.100	%	04/20/46		765,400		663,062
PG&E Energy Recovery Funding, LLC		2.822	%	07/15/46		1,000,000		720,161
PG&E Energy Recovery Funding, LLC		5.536	%	07/15/47		1,500,000		1,547,902
PG&E Wildfire Recovery Funding, LLC		4.674	%	12/01/51		2,400,000		2,223,262
PNM Energy Transition Bond Co. I, LLC		6.028	%	08/15/48		500,000		526,484
SBA Tower Trust (b)		2.836	%	01/15/50		282,000		275,239
SBA Tower Trust (b)		6.599	%	11/15/52		880,000		901,513
SolarCity LMC, Series I, LLC (b)(e)		4.800	%	12/20/26		197,910		193,787
SWTCH Energy, Inc. (b)		6.280	%	03/25/54		600,000		595,525
Tesla Auto Lease Trust (b)		0.600	%	09/22/25		306,232		305,782
Texas Electric Market Stabilization Funding N, LLC (b)		4.966	%	02/01/44		630,000		624,963
Texas Electric Market Stabilization Funding N, LLC		5.057	%	08/01/46		3,000,000		2,916,567
Textainer Marine Containers VII Ltd. (b)		1.680	%	02/20/46		1,130,000		996,698
TIF Funding II, LLC (b)		1.650	%	02/20/46		374,375		325,018
Toyota Auto Receivables Owner Trust		0.260	%	11/17/25		845,294		833,421
Toyota Auto Receivables Owner Trust		5.300	%	05/15/26		844,000		846,021
Tribute Rail, LLC (b)		4.760	%	05/17/52		1,867,138		1,823,227

Schedule of Portfolio Investments (Continued)

Praxis Impact Bond Fund

ASSET BACKED SECURITIES - 4.1% (Continued)	Coupon			Maturity	Principal Amount		Fair Value
Triton Container Finance VIII, LLC (b)		1.860	%	03/20/46	$	1,303,750	$	1,143,957
Triton International Finance Funding III, LLC (b)		5.480	%	05/22/34		1,500,000		1,508,924
Triumph Rail, LLC (b)		2.150	%	06/19/51		1,805,710		1,631,957
Vantage Data Centers Issuer, LLC (b)		2.165	%	10/15/46		2,300,000		2,097,032
Wendy's Funding, LLC (b)		3.783	%	06/15/49		673,101		644,827
Wendy's Funding, LLC (b)		4.236	%	03/15/52		1,228,125		1,165,161
TOTAL ASSET BACKED SECURITIES (COST $38,499,435)							$	36,640,072

MONEY MARKET FUNDS - 1.8%	Shares		Fair Value
First American Government Obligations Fund - Class X, 5.23% (f)  (COST $16,601,894)		16,601,894	$	16,601,894

INVESTMENT PURCHASED WITH THE CASH PROCEEDS FROM SECURITIES LENDING - 2.3%	Shares		Fair Value
Mount Vernon Liquid Assets Portfolio, LLC, 5.44% (f)(g)  (COST $20,803,130)		20,803,130	$	20,803,130

INVESTMENT COMPANIES - 0.4%	Shares		Fair Value
Impax High Yield Bond Fund - Institutional Class (COST $4,199,236)		530,984	$	3,169,973
TOTAL INVESTMENTS - (COST $990,691,668) - 101.9%			$	916,105,665
LIABILITIES IN EXCESS OF OTHER ASSETS - (1.9%)				(16,999,483	)
NET ASSETS - 100.0%			$	899,106,182

(a)	All or a portion of the security is on loan.  The total fair value of the securities on loan as of March 31, 2024 was $20,392,674.
(b)	144a security may only be resold to qualified institutional investors.  These securities were deemed liquid under guidelines established by the Board of Trustees.  As of March 31, 2024, these securities were valued at $89,228,523 or 9.9% of net assets.

(c)

Variable rate security. Interest rate resets periodically.  The rate shown is the effective interest rate as of March 31, 2024.  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)

Percentage rounds to less than 0.1%.

^(e)  Illiquid securities are as follows: 

	Acquisition Date	Current Cost		Fair Value		% of Net Assets
Calvert Impact Capital, Inc., 1.000%, 06/14/24	06/15/21	$	550,000	$	542,802		0.1	%
Calvert Impact Capital, Inc., 3.000%, 06/17/24	06/17/19		980,000		970,737		0.1	%
Calvert Impact Capital, Inc., 3.000%, 12/15/24	12/12/19		400,000		390,335		0.0	%(d)
Calvert Impact Capital, Inc., 2.500%, 06/13/25	06/12/20		1,400,000		1,342,182		0.2	%
Calvert Impact Capital, Inc., 2.500%, 12/15/25	12/15/20		650,000		612,189		0.1	%
Calvert Impact Capital, Inc., 4.000%, 06/15/28	06/15/23		1,200,000		1,107,143		0.1	%
Calvert Impact Capital, Inc., 5.000%, 12/15/28	12/15/23		450,000		429,737		0.0	%(d)
Calvert Impact Climate, Inc., 5.500%, 12/15/53	10/13/23		1,000,000		993,617		0.1	%
Capital Impact Partners Investment, 5.750%, 06/15/24	06/20/23		1,200,000		1,200,683		0.1	%
Capital Impact Partners Investment, 5.000%, 12/15/26	12/15/23		500,000		500,514		0.1	%
SolarCity LMC, Series I, LLC	11/13/13		197,878		193,787		0.0	%(d)
		$	8,527,878	$	8,283,726		0.9	%

(f)	The rate shown is the 7-day effective yield as of March 31, 2024.
(g)	The security was purchased with cash collateral received from securities on loan.

GMNT - Global Medium-Term Note

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

plc - Public Liability Company

RFUCCT - Refinitiv USD IBOR Consumer Cash Fallbacks

SOFR - Secured Overnight Financing Rate

Schedule of Portfolio Investments 

Praxis International Index Fund 

March 31, 2024 (Unaudited)

COMMON STOCKS - 98.2%	Shares		Fair Value
AUSTRALIA - 4.4%
ANZ Group Holdings Ltd.		40,646	$	778,700
Brambles Ltd.		84,413		888,355
Commonwealth Bank of Australia		19,560		1,533,853
Computershare Ltd.		20,272		344,912
CSL Ltd. - ADR (a)		7,282		686,620
CSL Ltd.		3,640		682,933
Dexus		119,299		614,919
Fortescue Ltd.		63,440		1,062,432
Goodman Group		44,189		973,563
GPT Group (The)		86,547		257,735
Macquarie Group Ltd. - ADR (a)		1,184		155,684
Macquarie Group Ltd.		2,144		279,002
Mirvac Group		294,152		452,365
National Australia Bank Ltd.		36,653		827,356
QBE Insurance Group Ltd.		18,867		222,898
Scentre Group		280,885		620,487
SEEK Ltd.		49,532		808,534
Stockland		131,558		415,780
Transurban Group		253,924		2,204,006
Vicinity Centres		397,679		551,972
Wesfarmers Ltd.		32,429		1,445,421
Woodside Energy Group Ltd.		113,545		2,256,694
Woolworths Group Ltd.		28,598		618,139
				18,682,360
AUSTRIA - 0.1%
Verbund AG		6,899		504,215
BELGIUM - 0.8%
Elia Group S.A./N.V.		2,134		230,205
Groupe Bruxelles Lambert N.V.		9,449		714,128
KBC Group N.V.		14,580		1,091,848
UCB S.A.		9,252		1,141,779
				3,177,960
BERMUDA - 0.7%
Credicorp Ltd.		11,037		1,869,999

Schedule of Portfolio Investments (Continued)  

Praxis International Index Fund

COMMON STOCKS - 98.2% (Continued)	Shares		Fair Value
BERMUDA - 0.7% (Continued)
Orient Overseas International Ltd.		22,500	$	268,784
Shenzhen International Holdings Ltd.		799,000		613,523
				2,752,306
BRAZIL - 1.9%
Banco Bradesco S.A. - ADR		315,777		903,122
Banco do Brasil S.A. - ADR		98,038		1,102,928
Banco Santander Brasil S.A. - ADR		119,088		681,183
Cia Siderurgica Nacional S.A. - ADR		126,765		396,774
Gerdau S.A. - ADR		57,663		254,871
Suzano S.A. - ADR (a)		104,139		1,330,896
Telefónica Brasil S.A. - ADR		205,749		2,071,892
TIM S.A. - ADR (a)		67,746		1,202,492
				7,944,158
CANADA - 7.1%
Bank of Montreal (a)		17,350		1,694,748
Bank of Nova Scotia (The)		10,199		528,104
Cameco Corp. (a)		30,038		1,301,246
Canadian Imperial Bank of Commerce		11,898		603,467
Canadian National Railway Co.		15,841		2,086,418
Canadian Pacific Kansas City Ltd.		19,191		1,692,071
CGI, Inc. (b)		8,100		894,969
FirstService Corp.		1,607		266,441
Franco-Nevada Corp.		14,026		1,671,338
GFL Environmental, Inc.		13,001		448,535
Gildan Activewear, Inc.		18,362		681,781
Magna International, Inc.		11,427		622,543
Manulife Financial Corp.		76,580		1,913,734
Methanex Corp.		5,667		252,918
RB Global, Inc.		4,626		352,363
Restaurant Brands International, Inc. (a)		11,589		920,746
Royal Bank of Canada (a)		32,068		3,235,020
Shopify, Inc. - Class A (b)		16,669		1,286,347
Sun Life Financial, Inc.		31,004		1,692,198
Teck Resources Ltd. - Class B		38,609		1,767,520
Thomson Reuters Corp.		19,692		3,068,604
Toronto-Dominion Bank (The)		23,372		1,411,201

Schedule of Portfolio Investments (Continued) 

Praxis International Index Fund

COMMON STOCKS - 98.2% (Continued)	Shares		Fair Value
CANADA - 7.1% (Continued)
Wheaton Precious Metals Corp.		33,279	$	1,568,439
				29,960,751
CAYMAN ISLANDS - 3.3%
Alibaba Group Holding Ltd. - ADR		37,376		2,704,528
Autohome, Inc. - ADR		7,819		205,014
Baidu, Inc. - ADR (b)		8,273		870,982
ENN Energy Holdings Ltd.		87,600		674,887
Hengan International Group Co. Ltd.		144,500		455,087
Li Auto, Inc. - ADR (b)		27,531		833,639
NetEase, Inc. - ADR		14,030		1,451,684
Shenzhou International Group Holdings Ltd.		48,000		454,432
Tencent Holdings Ltd. - ADR (a)		110,104		4,297,359
Trip.com Group Ltd. - ADR (b)		19,946		875,430
Vipshop Holdings Ltd. - ADR		21,137		349,817
ZTO Express Cayman, Inc. - ADR (a)		26,813		561,464
				13,734,323
CHILE - 0.2%
Enel Chile S.A. - ADR		52,052		158,759
Sociedad Quimica y Minera de Chile S.A. - ADR		10,226		502,710
				661,469
CHINA - 2.4%
Agricultural Bank of China Ltd. - H Shares		2,786,000		1,174,640
ANTA Sports Products Ltd.		113,600		1,207,567
Bank of China Ltd. - H Shares		3,583,000		1,478,628
BYD Co. Ltd. - ADR (a)		8,522		432,662
BYD Co. Ltd. - H Shares		18,500		476,510
China Merchants Bank Co. Ltd. - H Shares		114,500		452,768
China Pacific Insurance Group Co. Ltd. - H Shares		100,200		175,387
China Resources Land Ltd.		134,000		423,730
Industrial & Commercial Bank of China Ltd. - H Shares		1,755,000		883,452
Jiangsu Expressway Co. Ltd. - H Shares		962,000		984,503
PICC Property & Casualty Co. Ltd. - H Shares		294,000		387,647
Ping An Insurance Group Co. of China Ltd. - ADR		7,088		60,390
Ping An Insurance Group Co. of China Ltd. - H Shares		173,318		731,855
Sinopharm Group Co. Ltd. - H Shares		427,200		1,094,348

Schedule of Portfolio Investments (Continued)  

Praxis International Index Fund

COMMON STOCKS - 98.2% (Continued)	Shares		Fair Value
CHINA - 2.4% (Continued)
TravelSky Technology Ltd. - H Shares		217,000	$	262,832
				10,226,919
COLOMBIA - 0.3%
Bancolombia S.A. - ADR		36,584		1,251,905
DENMARK - 2.7%
Coloplast A/S - Series B		6,788		915,387
DSV A/S		4,551		738,517
Genmab A/S (b)		932		280,915
Novo Nordisk A/S - ADR		59,796		7,677,806
Novonesis - B Shares		10,041		588,446
Orsted A/S (b)		10,148		564,189
Vestas Wind Systems A/S (b)		21,015		586,607
				11,351,867
FINLAND - 0.7%
Neste OYJ		33,390		904,088
Nokia Corp. - ADR (a)		112,165		397,064
Nordea Bank Abp		57,215		637,038
Sampo OYJ - A Shares		6,620		282,189
UPM-Kymmene OYJ		20,395		679,173
				2,899,552
FRANCE - 7.1%
Accor S.A.		4,739		221,358
Aeroports de Paris S.A.		1,860		255,023
Air Liquide S.A. - ADR (a)		1,327		55,323
Air Liquide S.A.		14,103		2,933,789
Arkema S.A.		1,887		198,552
AXA S.A.		33,469		1,256,983
Bollore SE		121,566		811,751
Bureau Veritas S.A.		16,518		503,915
Capgemini SE		3,941		906,813
Carrefour S.A.		41,699		714,101
Cie Generale des Etablissements Michelin SCA		35,631		1,365,278
Covivio S.A.		4,642		238,860
Danone S.A. - ADR (a)		9,390		121,600
Danone S.A.		9,568		618,153

Schedule of Portfolio Investments (Continued)  

Praxis International Index Fund

COMMON STOCKS - 98.2% (Continued)	Shares		Fair Value
FRANCE - 7.1% (Continued)
Dassault Systemes SE		8,424	$	372,946
EssilorLuxottica S.A.		6,450		1,459,078
Getlink SE		64,345		1,095,323
Henkel AG & Co. KGaA		4,390		316,156
Hermes International SCA - ADR (a)		1,050		269,241
Hermes International SCA		830		2,118,425
Kering S.A.		1,685		665,911
Klepierre S.A.		20,396		528,052
Legrand S.A.		13,146		1,392,880
L'Oreal S.A. - ADR		21,745		2,061,426
L'Oreal S.A.		1,380		653,006
Orange S.A. - ADR		15,765		185,554
Publicis Groupe S.A.		12,555		1,368,590
Sartorius Sedim Biotech		1,319		376,064
Schneider Electric SE - ADR		5,840		264,552
Schneider Electric SE		17,677		3,997,824
Societe Generale S.A.		23,503		629,029
Unibail-Rodamco-Westfield (b)		3,343		268,666
Unibail-Rodamco-Westfield - CDI (b)		45,646		184,416
Veolia Environnement S.A.		6,731		218,776
Vivendi SE - ADR		7,047		76,389
Vivendi SE		46,775		509,631
Wendel SE		8,457		863,034
				30,076,468
GERMANY - 3.8%
adidas AG - ADR		5,158		578,109
adidas AG		1,323		295,427
Allianz SE - ADR (a)		76,050		2,276,177
Allianz SE		5,268		1,578,695
BASF SE		15,664		894,386
Bayerische Motoren Werke AG - ADR (a)		2		77
Bayerische Motoren Werke AG		2,092		241,381
Brenntag SE		6,380		537,379
Commerzbank AG		24,099		330,939
Continental AG		4,852		350,161
Deutsche Boerse AG		7,444		1,522,928

Schedule of Portfolio Investments (Continued) 

Praxis International Index Fund

COMMON STOCKS - 98.2% (Continued)	Shares		Fair Value
GERMANY - 3.8% (Continued)
Deutsche Post AG - ADR		9,971	$	429,538
Deutsche Post AG		10,161		437,515
Deutsche Telekom AG - ADR		30,009		726,518
Deutsche Telekom AG		25,629		622,063
Fraport AG Frankfurt Airport Services Worldwide (b)		1,961		103,360
Fresenius Medical Care AG & Co. KGaA		4,696		180,596
Hannover Rueck SE		1,159		317,193
Merck KGaA		4,693		828,236
Muenchener Rueckversicherungs-Gesellschaft AG - ADR (a)		18,890		923,154
Muenchener Rueckversicherungs-Gesellschaft AG		2,246		1,095,864
RWE AG		9,296		315,482
Sartorius AG		918		365,021
Telefonica Deutschland Holding AG		129,616		329,283
Vonovia SE		20,203		597,155
				15,876,637
HONG KONG - 1.6%
AAC Technologies Holdings, Inc.		92,000		308,551
AIA Group Ltd. - ADR		36,438		979,453
AIA Group Ltd.		57,569		386,519
BYD Electronic International Co. Ltd.		86,500		318,839
China Merchants Port Holdings Co. Ltd.		728,000		873,387
Hong Kong Exchanges & Clearing Ltd.		22,078		642,574
Lenovo Group Ltd.		754,000		873,752
Link REIT		66,400		285,472
Sun Hung Kai Properties Ltd.		120,500		1,161,598
Swire Properties Ltd.		206,350		433,427
Techtronic Industries Co. Ltd.		24,500		332,117
				6,595,689
INDIA - 5.4%
HDFC Bank Ltd. - ADR		88,653		4,961,908
ICICI Bank Ltd. - ADR		245,727		6,489,650
Infosys Ltd. - ADR (a)		273,056		4,895,894
Wipro Ltd. - ADR (a)		1,078,962		6,204,032
				22,551,484
INDONESIA - 0.6%
Bank Mandiri Persero Tbk PT - ADR (a)		87,101		1,573,044

Schedule of Portfolio Investments (Continued)  

Praxis International Index Fund

COMMON STOCKS - 98.2% (Continued)	Shares		Fair Value
INDONESIA - 0.6% (Continued)
Telkom Indonesia Persero Tbk PT - ADR (a)		50,040	$	1,113,890
				2,686,934
IRELAND - 0.5%
AIB Group plc		100,681		510,899
CRH plc		11,121		959,297
Smurfit Kappa Group plc		17,885		815,533
				2,285,729
ISRAEL - 0.6%
Check Point Software Technologies Ltd. (b)		2,999		491,866
CyberArk Software Ltd. (b)		2,342		622,105
ICL Group Ltd. (a)		111,711		601,005
Nice Ltd. - ADR (a)(b)		3,430		893,927
				2,608,903
ITALY - 2.1%
Assicurazioni Generali S.p.A.		24,438		618,463
Enel S.p.A.		63,194		417,135
Intesa Sanpaolo S.p.A. - ADR		1		22
Intesa Sanpaolo S.p.A.		452,244		1,640,665
Mediobanca Banca di Credito Finanziario S.p.A.		49,451		736,697
Moncler S.p.A.		10,592		790,458
Poste Italiane S.p.A.		66,474		832,180
Telecom Italia S.p.A. (b)		591,414		143,611
Terna - Rete Elettrica Nazionale S.p.A.		199,413		1,647,792
UniCredit S.p.A.		49,517		1,878,922
				8,705,945
JAPAN - 16.4%
Advantest Corp.		19,200		849,097
Aeon Co. Ltd.		19,800		468,747
AGC, Inc.		10,000		362,113
Asahi Intecc Co. Ltd.		11,100		193,714
Asahi Kasei Corp.		21,400		156,483
Azbil Corp.		10,400		286,399
Bandai Namco Holdings, Inc.		18,600		343,769
Bridgestone Corp.		48,156		2,128,370
Brothers Industries Ltd.		29,100		538,024
Canon, Inc.		22,800		677,875

Schedule of Portfolio Investments (Continued)  

Praxis International Index Fund

COMMON STOCKS - 98.2% (Continued)	Shares		Fair Value
JAPAN - 16.4% (Continued)
Chiba Bank Ltd. (The)		28,700	$	238,394
Chugai Pharmaceutical Co. Ltd.		13,500		514,179
Dai Nippon Printing Co. Ltd.		61,318		1,872,077
Dai-ichi Life Holdings, Inc.		16,346		415,698
Daiichi Sankyo Co. Ltd. - ADR		503		16,000
Daiichi Sankyo Co. Ltd.		41,430		1,313,049
Daiwa House Industry Co. Ltd.		66,000		1,956,166
Daiwa Securities Group, Inc.		81,800		619,218
Denso Corp.		105,200		2,004,782
Disco Corp.		1,200		437,469
ENEOS Holdings, Inc.		137,900		661,950
Fast Retailing Co. Ltd.		4,200		1,295,880
FUJIFILM Holdings Corp. - ADR		6,620		453,470
FUJIFILM Holdings Corp.		11,400		255,126
Fujitsu Ltd.		48,680		777,361
Hikari Tsushin, Inc.		1,200		224,561
Hitachi Construction Machinery Co. Ltd.		15,000		450,627
Honda Motor Co. Ltd.		88,300		1,086,916
Hoya Corp. - ADR		1,273		158,533
Hoya Corp.		6,861		853,608
Ibiden Co. Ltd.		4,600		204,675
Japan Exchange Group, Inc.		13,000		350,785
Japan Post Bank Co. Ltd.		26,000		279,082
Kao Corp.		23,800		889,185
KDDI Corp. - ADR (a)		43,814		646,695
Keyence Corp.		4,100		1,898,216
Kubota Corp.		36,800		575,254
Mitsubishi Corp.		134,400		3,092,135
Mitsubishi Estate Co. Ltd.		14,300		259,289
Mitsubishi UFJ Financial Group, Inc. - ADR		29,257		299,299
Mitsubishi UFJ Financial Group, Inc.		275,109		2,789,452
Mitsui Chemicals, Inc.		23,900		698,739
Mitsui Fudosan Co. Ltd.		60,900		653,093
Mitsui OSK Lines Ltd.		23,600		718,964
MS&AD Insurance Group Holdings, Inc.		31,500		554,411
Murata Manufacturing Co. Ltd.		38,700		724,591

Schedule of Portfolio Investments (Continued)  

Praxis International Index Fund

COMMON STOCKS - 98.2% (Continued)	Shares		Fair Value
JAPAN - 16.4% (Continued)
Nexon Co. Ltd.		11,900	$	197,300
Nidec Corp. - ADR		23,780		244,458
Nintendo Co. Ltd. - ADR		96,172		1,306,977
Nintendo Co. Ltd.		3,000		163,664
Nippon Telegraph & Telephone Corp.		130,000		154,569
Nippon Yusen KK		9,300		254,939
Nomura Holdings, Inc.		111,800		712,057
Nomura Real Estate Holdings, Inc.		12,900		363,254
Nomura Research Institute Ltd.		10,900		306,504
Olympus Corp.		16,400		235,456
Oracle Corp. Japan		3,200		239,806
Oriental Land Co. Ltd.		20,800		664,577
ORIX Corp.		16,800		365,987
Pan Pacific International Holdings Corp.		21,300		563,492
PDD Holdings, Inc. - ADR (b)		9,981		1,160,291
Recruit Holdings Co. Ltd.		33,150		1,451,567
Resona Holdings, Inc.		85,600		526,981
Ricoh Co. Ltd.		40,800		361,540
Seiko Epson Corp.		68,100		1,185,314
Sekisui House Ltd. - ADR		21,690		492,363
Sekisui House Ltd.		17,600		399,226
Seven & i Holdings Co. Ltd.		71,400		1,037,592
Shimadzu Corp.		17,000		471,970
Shimano, Inc.		2,084		311,177
Shin-Etsu Chemical Co. Ltd.		17,000		741,811
Shiseido Co. Ltd. - ADR		2,703		74,339
Shiseido Co. Ltd.		2,100		57,290
SoftBank Corp.		89,505		1,147,568
SoftBank Group Corp. - ADR		4,622		137,320
SoftBank Group Corp.		12,400		734,061
Sompo Holdings, Inc.		12,900		269,267
Sony Group Corp. - ADR		20,338		1,743,780
Sony Group Corp.		2,000		170,818
Sumitomo Corp.		32,454		778,181
Sumitomo Mitsui Financial Group, Inc. - ADR		102,110		1,201,835
Sumitomo Mitsui Financial Group, Inc.		13,200		770,085

Schedule of Portfolio Investments (Continued)  

Praxis International Index Fund

COMMON STOCKS - 98.2% (Continued)	Shares		Fair Value
JAPAN - 16.4% (Continued)
Sumitomo Mitsui Trust Holdings, Inc.		39,200	$	843,612
Suzuki Motor Corp.		61,200		695,726
Takeda Pharmaceutical Co. Ltd.		35,100		974,478
TDK Corp.		11,700		571,286
Terumo Corp.		21,944		399,993
Tokio Marine Holdings, Inc.		53,500		1,669,788
Tokyo Electron Ltd.		7,300		1,893,123
TOPPAN Holdings, Inc.		54,100		1,349,382
Toray Industries, Inc.		50,000		239,648
USS Co. Ltd.		90,440		746,453
Yamaha Corp.		28,900		621,376
Yamaha Motor Co. Ltd.		112,200		1,029,810
Yokogawa Electric Corp.		36,800		844,225
				69,119,836
JERSEY - 0.2%
Experian plc - ADR		8,706		379,060
Experian plc		2,439		106,323
WPP plc		34,966		332,568
				817,951
MEXICO - 1.1%
Fomento Economico Mexicano S.A.B. de C.V. - ADR		12,776		1,664,330
Grupo Aeroportuario del Pacifico S.A.B. de C.V. - ADR		2,661		434,195
Grupo Aeroportuario del Sureste S.A.B. de C.V. - ADR		3,153		1,004,798
Wal-Mart de Mexico S.A.B. de C.V. - ADR		33,752		1,373,706
				4,477,029
NETHERLANDS - 2.4%
Akzo Nobel N.V. - ADR		1,673		41,691
Argenx SE - ADR (a)(b)		2,105		828,780
ASML Holding N.V. - ADR		6,542		6,348,815
NN Group N.V.		8,950		413,418
Prosus N.V. (b)		33,279		1,043,783
QIAGEN N.V. (b)		16,337		702,328
Stellantis N.V.		21,320		605,447
Wolters Kluwer N.V.		1,707		267,375
				10,251,637

Schedule of Portfolio Investments (Continued) 

Praxis International Index Fund

COMMON STOCKS - 98.2% (Continued)	Shares		Fair Value
NORWAY - 1.5%
Aker BP ASA		43,993	$	1,093,132
Equinor ASA - ADR		158,981		4,297,256
Norsk Hydro ASA		167,566		916,683
				6,307,071
PORTUGAL - 0.5%
Galp Energia SGPS S.A.		129,349		2,136,980
Jeronimo Martins SGPS S.A.		8,104		160,681
				2,297,661
RUSSIA - 0.0% (c)
Mobile TeleSystems PJSC - ADR (b)(d)(e)		86,910		869
SINGAPORE - 1.1%
BOC Aviation Ltd.		87,700		675,658
CapitaLand Ascott Trust		10,433		7,302
CapitaLand Integrated Commercial Trust		522,925		766,837
CapitaLand Investment Ltd.		183,000		363,232
CDL Hospitality Trusts		28,826		21,776
City Developments Ltd.		283,400		1,227,876
DBS Group Holdings Ltd. - ADR		11,392		1,214,159
Venture Corp. Ltd.		33,300		351,939
				4,628,779
SOUTH AFRICA - 0.7%
Mr Price Group Ltd.		70,832		649,996
Naspers Ltd. - Class N - ADR		30,725		1,085,514
Standard Bank Group Ltd.		126,812		1,240,228
				2,975,738
SOUTH KOREA - 4.5%
Celltrion, Inc.		4,265		581,081
Hyundai Mobis Co. Ltd.		12,397		2,403,036
KB Financial Group, Inc. - ADR (a)		15,444		804,169
KT Corp. - ADR		39,515		554,000
LG Chem Ltd.		2,307		752,441
LG Display Co. Ltd. - ADR		3		12
POSCO Holdings, Inc. - ADR (a)		12,686		994,836
Samsung Electronics Co. Ltd.		120,001		7,187,340
Shinhan Financial Group Co. Ltd. - ADR		23,067		818,648

Schedule of Portfolio Investments (Continued)  

Praxis International Index Fund

COMMON STOCKS - 98.2% (Continued)	Shares		Fair Value
SOUTH KOREA - 4.5% (Continued)
Shinhan Financial Group Co. Ltd.		29,265	$	1,023,912
SK Hynix, Inc.		15,952		2,107,147
SK Telecom Co. Ltd. - ADR		19,765		426,133
Woori Financial Group, Inc. - ADR (a)		34,279		1,111,668
				18,764,423
SPAIN - 2.1%
Aena SME S.A.		5,525		1,087,418
Amadeus IT Group S.A.		7,348		471,160
Banco Bilbao Vizcaya Argentaria S.A. - ADR		24,792		293,537
CaixaBank S.A.		144,299		699,391
Cellnex Telecom S.A.		10,596		374,575
Grifols S.A. - ADR (b)		20,633		137,828
Iberdrola S.A. - ADR (a)		1,595		79,511
Iberdrola S.A.		30,444		377,512
Industria de Diseno Textil S.A.		39,262		1,976,653
Naturgy Energy Group S.A.		12,657		274,440
Repsol S.A.		157,752		2,627,498
Telefónica S.A.		92,766		409,191
				8,808,714
SWEDEN - 1.4%
Atlas Copco AB - A Shares		71,088		1,200,533
Atlas Copco AB - Class A - ADR		5,893		99,827
Boliden AB		39,793		1,104,861
Epiroc AB - Class A		14,553		273,366
Hexagon AB - B Shares		53,748		636,089
Industrivarden AB - A Shares		23,389		804,186
L E Lundbergforetagen AB - B Shares		4,058		219,619
Securitas AB - B Shares		19,191		197,811
SKF AB - B Shares		28,543		582,546
Svenska Cellulosa AB SCA - B Shares		16,418		251,963
Svenska Handelsbanken AB - A Shares		31,343		316,919
Telefonaktiebolaget LM Ericsson - B Shares		76,365		411,148
				6,098,868
SWITZERLAND - 5.9%
ABB Ltd. - ADR		58,667		2,719,802
ABB Ltd.		5,783		268,617

Schedule of Portfolio Investments (Continued) 

Praxis International Index Fund

COMMON STOCKS - 98.2% (Continued)	Shares		Fair Value
SWITZERLAND - 5.9% (Continued)
Accelleron Industries AG		1,953	$	73,530
Adecco Group AG		8,723		344,919
Alcon, Inc.		5,312		442,436
Barry Callebaut AG		1,030		1,495,021
Clariant AG (b)		10,218		138,115
Coca-Cola HBC AG (b)		26,042		822,677
Geberit AG		1,394		823,873
Givaudan S.A.		208		926,249
Holcim Ltd. (b)		8,532		772,557
Julius Baer Group Ltd.		3,557		205,412
Keuhne + Nagel International AG		643		178,960
Logitech International S.A. (a)		4,776		426,831
Lonza Group AG		2,080		1,245,915
Nestlé S.A. - ADR		29,320		3,113,784
Nestlé S.A.		4,022		427,023
Partners Group Holding AG		161		229,939
Roche Holding AG - ADR (a)		85,280		2,722,138
Roche Holding AG		2,049		521,883
Sika AG (b)		1,660		494,407
Sonova Holding AG		927		268,384
Swiss Life Holding AG		1,691		1,185,410
Swiss Re AG		9,611		1,235,691
Swisscom AG		981		599,800
UBS Group AG (b)		39,428		1,212,779
UBS Group AG (a)(b)		13,151		403,999
Zurich Insurance Group AG - ADR (a)		26,790		1,452,822
Zurich Insurance Group AG		492		265,302
				25,018,275
TAIWAN - 5.9%
ASE Technology Holding Co. Ltd. - ADR (a)		126,937		1,395,037
AUO Corp. - ADR		115,722		659,615
Chunghwa Telecom Co. Ltd. - ADR		149,463		5,849,982
Taiwan Semiconductor Manufacturing Co. Ltd. - ADR		112,216		15,266,987
United Microelectronics Corp. - ADR		218,631		1,768,725
				24,940,346

Schedule of Portfolio Investments (Continued)  

Praxis International Index Fund

COMMON STOCKS - 98.2% (Continued)	Shares		Fair Value
UNITED KINGDOM - 8.2%
3i Group plc		68,813	$	2,439,586
Antofagasta plc		47,452		1,221,141
Ashtead Group plc		11,037		785,641
AstraZeneca plc - ADR		49,298		3,339,940
Aviva plc		147,903		926,995
British Land Co. plc (The)		62,287		310,598
Bunzl plc		5,822		223,965
Burberry Group plc		13,434		205,665
Coca-Cola Europacific Partners plc		26,855		1,878,507
Compass Group plc		35,682		1,046,146
GSK plc - ADR (a)		42,060		1,803,112
GSK plc		17,282		372,673
Haleon plc - ADR		17,287		146,767
Halma plc		11,061		330,575
HSBC Holdings plc - ADR (a)		52,192		2,054,277
HSBC Holdings plc		27,340		213,557
Informa plc		116,498		1,222,131
J Sainsbury plc		86,209		294,207
Kingfisher plc		161,921		509,675
Land Securities Group plc		31,696		263,223
Legal & General Group plc		210,040		674,393
Lloyds Banking Group plc		437,921		286,022
London Stock Exchange Group plc		7,929		949,683
Mondi plc		21,858		384,976
National Grid plc		77,306		1,040,074
NatWest Group plc		160,250		536,978
PEARSON plc - ADR		97,877		1,288,061
PEARSON plc		24,794		326,068
Reckitt Benckiser Group plc - ADR		34,350		390,560
Reckitt Benckiser Group plc		3,212		182,910
RELX plc - ADR (a)		25,844		1,118,787
RELX plc		74,635		3,225,301
Sage Group plc (The) - ADR (a)		2,320		150,684
Sage Group plc (The)		14,027		224,038
Segro plc		49,056		559,575
Severn Trent plc		16,234		506,077

Schedule of Portfolio Investments (Continued)  

Praxis International Index Fund

COMMON STOCKS - 98.2% (Continued)	Shares		Fair Value
UNITED KINGDOM - 8.2% (Continued)
Taylor Wimpey plc		108,822	$	188,230
Tesco plc - ADR		293		3,358
Unilever plc - ADR		37,052		1,859,640
United Utilities Group plc		59,321		770,403
Whitbread plc		5,438		227,450
				34,481,649
TOTAL COMMON STOCKS (COST $279,132,764)			$	413,524,420

CORPORATE NOTES - 0.8%	Coupon			Maturity		Par Value		Fair Value
COMMUNITY DEVELOPMENT - 0.8%
Calvert Impact Capital, Inc. (d)		1.000	%		06/14/24	$	450,000	$	444,111
Calvert Impact Capital, Inc. (d)		3.000	%		06/17/24		290,000		287,259
Calvert Impact Capital, Inc. (d)		3.000	%		12/15/24		120,000		117,100
Calvert Impact Capital, Inc. (d)		2.500	%		06/13/25		500,000		479,351
Calvert Impact Capital, Inc. (d)		2.500	%		12/15/25		400,000		376,731
Calvert Impact Capital, Inc. (d)		4.000	%		06/15/28		620,000		572,024
Calvert Impact Capital, Inc. (d)		5.000	%		12/15/28		200,000		190,994
Capital Impact Partners Investment (d)		5.750	%		06/15/24		620,000		620,353
Capital Impact Partners Investment (d)		5.000	%		12/15/26		300,000		300,308
TOTAL CORPORATE NOTES (COST $3,500,000)								$	3,388,231

MONEY MARKET FUNDS - 0.3%	Shares		Fair Value
First American Government Obligations Fund - Class X, 5.23% (f) (COST $1,073,861)		1,073,861	$	1,073,861

Schedule of Portfolio Investments (Continued)

Praxis International Index Fund

INVESTMENT PURCHASED WITH THE CASH PROCEEDS FROM SECURITIES LENDING - 8.8%	Shares		Fair Value
Mount Vernon Liquid Assets Portfolio, LLC, 5.44% (f)(g) (COST $37,096,113)		37,096,113	$	37,096,113
TOTAL INVESTMENTS - (COST $320,802,738) - 108.1%			$	455,082,625
LIABILITES IN EXCESS OF OTHER ASSETS - (8.1%)				(34,135,111	)
NET ASSETS - 100.0%			$	420,947,514

(a)	All or a portion of the security is on loan.  The total fair value of the securities on loan as of March 31, 2024 was $36,184,671.
(b)	Non-income producing security.
(c)	Percentage rounds to less than 0.1%.
(d)	Illiquid securities are as follows:

	Acquisition Date		Current Cost		Fair Value		% of Net Assets
Calvert Impact Capital, Inc., 1.000%, 06/14/24		06/15/21	$	450,000	$	444,111		0.1	%
Calvert Impact Capital, Inc., 3.000%, 06/17/24		06/17/19		290,000		287,259		0.1	%
Calvert Impact Capital, Inc., 3.000%, 12/15/24		12/12/19		120,000		117,100		0.0	%(c)
Calvert Impact Capital, Inc., 2.500%, 06/13/25		06/12/20		500,000		479,351		0.1	%
Calvert Impact Capital, Inc., 2.500%, 12/15/25		12/15/20		400,000		376,731		0.1	%
Calvert Impact Capital, Inc., 4.000%, 06/15/28		06/15/23		620,000		572,024		0.1	%
Calvert Impact Capital, Inc., 5.000%, 12/15/28		12/15/23		200,000		190,994		0.0	%(c)
Capital Impact Partners Investment, 5.750%, 06/15/24		06/20/23		620,000		620,353		0.2	%
Capital Impact Partners Investment, 5.000%, 12/15/26		12/15/23		300,000		300,308		0.1	%
Mobile TeleSystems PJSC - ADR		08/02/17		752,376		869		0.0	%(c)
			$	4,252,376	$	3,389,100		0.8	%

(e)	Security value had 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 March 31, 2024 representing 0.0% (c) of net assets.
(f)	The rate shown is the 7-day effective yield as of March 31, 2024.
(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 

March 31, 2024 (Unaudited)

Common Stocks by Sector/Industry	% of Net Assets
Communications - 8.4%
Advertising & Marketing		0.4	%
Entertainment Content		0.8	%
Internet Media & Services		2.5	%
Publishing & Broadcasting		0.7	%
Telecommunications		4.0	%
Consumer Discretionary - 9.6%
Apparel & Textile Products		1.3	%
Automotive		3.5	%
E-Commerce Discretionary		1.0	%
Home Construction		0.9	%
Leisure Facilities & Services		0.5	%
Leisure Products		0.2	%
Retail - Discretionary		2.1	%
Wholesale - Discretionary		0.1	%
Consumer Staples - 6.1%
Beverages		1.0	%
Food		1.4	%
Household Products		1.7	%
Retail - Consumer Staples		1.3	%
Wholesale - Consumer Staples		0.7	%
Energy - 3.4%
Oil & Gas Producers		3.3	%
Renewable Energy		0.1	%
Financials - 22.6%
Asset Management		1.7	%
Banking		13.8	%
Institutional Financial Services		1.3	%
Insurance		5.5	%
Specialty Finance		0.3	%
Health Care - 8.0%
Biotech & Pharma		5.8	%
Health Care Facilities & Services		0.6	%
Medical Equipment & Devices		1.6	%

Schedule of Portfolio Investments (Continued) 

Praxis International Index Fund

Common Stocks by Sector/Industry (Continued)	% of Net Assets
Industrials - 9.7%
Commercial Support Services		1.7	%
Electrical Equipment		2.5	%
Engineering & Construction		0.1	%
Industrial Intermediate Products		0.1	%
Industrial Support Services		0.5	%
Machinery		1.2	%
Professional Services		0.1	%
Transportation & Logistics		3.5	%
Materials - 7.2%
Chemicals		2.4	%
Construction Materials		0.6	%
Containers & Packaging		0.5	%
Forestry, Paper & Wood Products		0.6	%
Metals & Mining		2.7	%
Steel		0.4	%
Real Estate - 3.5%
Real Estate Owners & Developers		1.7	%
Real Estate Services		0.1	%
REITs		1.7	%
Technology - 17.9%
Semiconductors		7.1	%
Software		0.7	%
Technology Hardware		4.6	%
Technology Services		5.5	%
Utilities - 1.8%
Electric & Gas Marketing & Trading		0.2	%
Electric Utilities		1.1	%
Gas & Water Utilities		0.5	%
		98.2	%

Schedule of Portfolio Investments

Praxis Value Index Fund

March 31, 2024 (Unaudited)  

COMMON STOCKS - 98.8%	Shares		Fair Value
ADVERTISING & MARKETING - 0.3%
Interpublic Group of Cos., Inc. (The)		12,630	$	412,117
Omnicom Group, Inc.		10,229		989,758
				1,401,875
APPAREL & TEXTILE PRODUCTS - 0.4%
NIKE, Inc. - Class B		22,680		2,131,466
ASSET MANAGEMENT - 1.7%
Ameriprise Financial, Inc.		1,540		675,198
BlackRock, Inc.		4,002		3,336,467
Charles Schwab Corp. (The)		37,470		2,710,580
Franklin Resources, Inc. (a)		24,430		686,727
Invesco Ltd.		34,830		577,830
Raymond James Financial, Inc. (a)		3,370		432,775
T. Rowe Price Group, Inc.		5,830		710,794
				9,130,371
AUTOMOTIVE - 0.8%
Aptiv plc (b)		7,050		561,532
BorgWarner, Inc.		14,870		516,584
Ford Motor Co.		82,203		1,091,656
General Motors Co.		46,330		2,101,066
				4,270,838
BANKING - 7.7%
Bank of America Corp.		204,460		7,753,123
Citigroup, Inc.		63,306		4,003,471
Citizens Financial Group, Inc.		22,720		824,509
Comerica, Inc.		6,760		371,732
Fifth Third Bancorp (a)		30,060		1,118,533
Huntington Bancshares, Inc.		76,040		1,060,758
JPMorgan Chase & Co.		83,705		16,766,111
KeyCorp		32,990		521,572
M&T Bank Corp. (a)		8,184		1,190,281
PNC Financial Services Group, Inc. (The)		13,561		2,191,458
Regions Financial Corp.		43,890		923,446
Truist Financial Corp.		70,530		2,749,259
U.S. Bancorp		45,077		2,014,942
				41,489,195

Schedule of Portfolio Investments (Continued)

Praxis Value Index Fund

COMMON STOCKS - 98.8% (Continued)	Shares		Fair Value
BEVERAGES - 1.7%
Coca-Cola Co. (The)	58,530	$	3,580,865
Keurig Dr Pepper, Inc.	12,430		381,228
PepsiCo, Inc.	30,279		5,299,128
			9,261,221
BIOTECH & PHARMA - 8.0%
AbbVie, Inc.	30,160		5,492,136
Amgen, Inc.	15,040		4,276,173
Biogen, Inc. (b)	5,000		1,078,150
Bristol-Myers Squibb Co.	83,350		4,520,070
Gilead Sciences, Inc.	39,650		2,904,362
Johnson & Johnson	70,781		11,196,846
Merck & Co., Inc.	64,480		8,508,136
Moderna, Inc. (b)	9,330		994,205
Regeneron Pharmaceuticals, Inc. (b)	1,920		1,847,981
Vertex Pharmaceuticals, Inc. (b)	1,070		447,271
Zoetis, Inc.	10,000		1,692,100
			42,957,430
CABLE & SATELLITE - 0.9%
Comcast Corp. - Class A	106,200		4,603,770
CHEMICALS - 3.8%
Air Products & Chemicals, Inc.	11,917		2,887,132
Albemarle Corp. (a)	2,090		275,337
Dow, Inc.	14,230		824,344
DuPont de Nemours, Inc.	8,138		623,940
Ecolab, Inc.	3,050		704,245
International Flavors & Fragrances, Inc.	6,622		569,426
Linde plc	15,566		7,227,605
LyondellBasell Industries N.V. - Class A	63,530		6,497,848
Mosaic Co. (The)	22,700		736,842
			20,346,719
COMMERCIAL SUPPORT SERVICES - 1.1%
Republic Services, Inc.	11,450		2,191,988
Robert Half, Inc.	5,180		410,670
Rollins, Inc.	14,870		688,035
Waste Management, Inc.	12,790		2,726,189
			6,016,882

Schedule of Portfolio Investments (Continued)

Praxis Value Index Fund

COMMON STOCKS - 98.8% (Continued)	Shares		Fair Value
CONTAINERS & PACKAGING - 0.2%
Amcor plc	116,400	$	1,106,964
DIVERSIFIED INDUSTRIALS - 1.5%
Dover Corp.	7,683		1,361,351
Emerson Electric Co.	28,364		3,217,045
Illinois Tool Works, Inc.	12,695		3,406,449
			7,984,845
E-COMMERCE DISCRETIONARY - 0.1%
eBay, Inc.	12,910		681,390
ELECTRIC UTILITIES - 4.5%
AES Corp. (The)	22,334		400,448
Alliant Energy Corp.	9,970		502,488
Ameren Corp. (a)	7,630		564,315
American Electric Power Co., Inc.	16,270		1,400,847
CenterPoint Energy, Inc. (a)	19,510		555,840
CMS Energy Corp.	12,530		756,060
Consolidated Edison, Inc.	29,931		2,718,034
DTE Energy Co.	7,370		826,472
Duke Energy Corp.	29,394		2,842,694
Edison International (a)	16,627		1,176,028
Eversource Energy	23,210		1,387,262
Exelon Corp.	26,010		977,196
NextEra Energy, Inc.	67,600		4,320,316
PPL Corp.	22,540		620,526
Sempra	16,966		1,218,668
Southern Co. (The)	41,691		2,990,912
WEC Energy Group, Inc.	7,950		652,854
Xcel Energy, Inc.	9,744		523,740
			24,434,700
ELECTRICAL EQUIPMENT - 3.5%
Carrier Global Corp. (a)	15,630		908,572
Generac Holdings, Inc. (a)(b)	5,380		678,633
Johnson Controls International plc	45,737		2,987,541
Keysight Technologies, Inc. (b)	28,910		4,520,946
Otis Worldwide Corp.	20,480		2,033,049
Rockwell Automation, Inc.	7,420		2,161,669
TE Connectivity Ltd.	14,490		2,104,528

Schedule of Portfolio Investments (Continued)

Praxis Value Index Fund

COMMON STOCKS - 98.8% (Continued)	Shares		Fair Value
ELECTRICAL EQUIPMENT - 3.5% (Continued)
Trane Technologies plc	10,350	$	3,107,070
Trimble, Inc. (b)	8,990		578,596
			19,080,604
ENTERTAINMENT CONTENT - 1.5%
Electronic Arts, Inc.	3,150		417,910
Fox Corp. - Class B	26,390		755,282
Walt Disney Co. (The)	51,779		6,335,678
Warner Bros. Discovery, Inc. (b)	57,457		501,600
			8,010,470
FOOD - 1.1%
Conagra Brands, Inc.	16,070		476,315
General Mills, Inc.	31,030		2,171,169
J.M. Smucker Co. (The)	5,630		708,648
Kellanova (a)	12,810		733,885
Kraft Heinz Co. (The)	3,920		144,648
McCormick & Co., Inc.	6,090		467,773
Mondelez International, Inc. - Class A	20,922		1,464,540
			6,166,978
GAS & WATER UTILITIES - 0.3%
American Water Works Co., Inc.	7,680		938,573
NiSource, Inc.	19,060		527,199
			1,465,772
HEALTH CARE FACILITIES & SERVICES - 3.9%
Cardinal Health, Inc.	13,940		1,559,886
Cencora, Inc.	6,580		1,598,874
Charles River Laboratories International, Inc. (b)	1,600		433,520
CVS Health Corp.	43,164		3,442,761
Elevance Health, Inc.	7,690		3,987,572
Henry Schein, Inc. (b)	24,110		1,820,787
Humana, Inc. (a)	3,510		1,216,987
IQVIA Holdings, Inc. (b)	2,920		738,439
Laboratory Corp. of America Holdings	5,410		1,181,869
McKesson Corp.	6,224		3,341,354
Quest Diagnostics, Inc.	11,780		1,568,036
			20,890,085
HOME CONSTRUCTION - 0.1%
Masco Corp.	5,880		463,814

Schedule of Portfolio Investments (Continued)

Praxis Value Index Fund

COMMON STOCKS - 98.8% (Continued)	Shares		Fair Value
HOUSEHOLD PRODUCTS - 2.7%
Church & Dwight Co., Inc. (a)	4,060	$	423,499
Clorox Co. (The)	4,350		666,028
Colgate-Palmolive Co.	9,540		859,077
Estée Lauder Cos., Inc. (The) - Class A	2,580		397,707
Kenvue, Inc.	17,640		378,554
Kimberly-Clark Corp.	12,700		1,642,745
Procter & Gamble Co. (The)	62,816		10,191,896
			14,559,506
INDUSTRIAL SUPPORT SERVICES - 0.3%
Fastenal Co.	9,800		755,972
W.W. Grainger, Inc.	870		885,051
			1,641,023
INSTITUTIONAL FINANCIAL SERVICES - 3.0%
Bank of New York Mellon Corp. (The)	38,024		2,190,943
CME Group, Inc.	11,190		2,409,095
Goldman Sachs Group, Inc. (The)	10,260		4,285,499
Intercontinental Exchange, Inc.	16,370		2,249,729
Morgan Stanley	31,741		2,988,733
Nasdaq, Inc.	7,520		474,512
Northern Trust Corp.	6,297		559,929
State Street Corp.	11,380		879,902
			16,038,342
INSURANCE - 5.9%
Aflac, Inc.	25,980		2,230,643
Allstate Corp. (The)	13,549		2,344,112
American International Group, Inc. (a)	22,987		1,796,894
Aon plc - Class A	4,280		1,428,321
Arthur J. Gallagher & Co.	4,520		1,130,181
Berkley (W.R.) Corp.	9,825		868,923
Brown & Brown, Inc.	15,040		1,316,602
Chubb Ltd.	13,700		3,550,081
Cincinnati Financial Corp.	9,332		1,158,754
Everest Group Ltd.	2,840		1,128,900
Globe Life, Inc.	7,730		899,540
Hartford Financial Services Group, Inc. (The)	10,830		1,116,031
Loews Corp.	5,440		425,898
Marsh & McLennan Cos., Inc.	9,860		2,030,963
MetLife, Inc.	29,933		2,218,335

Schedule of Portfolio Investments (Continued)

Praxis Value Index Fund

COMMON STOCKS - 98.8% (Continued)	Shares		Fair Value
INSURANCE - 5.9% (Continued)
Principal Financial Group, Inc.		13,800	$	1,191,078
Progressive Corp. (The)		15,160		3,135,391
Prudential Financial, Inc.		14,160		1,662,384
Travelers Cos., Inc. (The)		9,613		2,212,336
				31,845,367
INTERNET MEDIA & SERVICES - 0.2%
Alphabet, Inc. - Class C (b)		3,320		505,503
VeriSign, Inc. (b)		2,960		560,950
				1,066,453
LEISURE FACILITIES & SERVICES - 1.4%
Hilton Worldwide Holdings, Inc.		3,170		676,193
McDonald's Corp.		10,860		3,061,977
Norwegian Cruise Line Holdings Ltd. (b)		25,960		543,343
Starbucks Corp.		16,870		1,541,749
Yum! Brands, Inc.		12,440		1,724,806
				7,548,068
LEISURE PRODUCTS - 0.1%
Hasbro, Inc.		8,300		469,116
MACHINERY - 1.5%
Deere & Co.		6,357		2,611,074
IDEX Corp.		2,840		693,017
Ingersoll-Rand, Inc.		6,920		657,054
Nordson Corp.		2,610		716,550
Stanley Black & Decker, Inc.		7,150		700,200
Veralto Corp.		8,640		766,022
Xylem, Inc.		13,260		1,713,722
				7,857,639
MEDICAL EQUIPMENT & DEVICES - 6.9%
Abbott Laboratories		42,910		4,877,151
Agilent Technologies, Inc.		5,280		768,293
Baxter International, Inc.		15,502		662,555
Becton, Dickinson and Co.		8,310		2,056,309
Bio-Rad Laboratories, Inc. - Class A (b)		1,620		560,309
Bio-Techne Corp. (a)		7,100		499,769
Boston Scientific Corp. (b)		21,060		1,442,399
Cooper Cos., Inc. (The)		4,680		474,833
Danaher Corp.		24,190		6,040,727

Schedule of Portfolio Investments (Continued)

Praxis Value Index Fund

COMMON STOCKS - 98.8% (Continued)	Shares		Fair Value
MEDICAL EQUIPMENT & DEVICES - 6.9% (Continued)
Edwards Lifesciences Corp. (b)	15,350	$	1,466,846
GE HealthCare Technologies, Inc.	8,650		786,372
IDEXX Laboratories, Inc. (b)	1,340		723,506
Illumina, Inc. (b)	4,410		605,581
Intuitive Surgical, Inc. (b)	3,050		1,217,225
Medtronic plc (a)	42,020		3,662,043
Mettler-Toledo International, Inc. (b)	1,160		1,544,296
ResMed, Inc. (a)	2,370		469,331
Revvity, Inc.	12,650		1,328,250
STERIS plc (a)	3,150		708,183
Stryker Corp.	3,450		1,234,652
Thermo Fisher Scientific, Inc.	9,294		5,401,766
Zimmer Biomet Holdings, Inc. (a)	5,900		778,682
			37,309,078
METALS & MINING - 0.1%
Newmont Corp.	15,380		551,219
OIL & GAS PRODUCERS - 3.9%
ConocoPhillips	49,467		6,296,160
Occidental Petroleum Corp.	42,950		2,791,320
ONEOK, Inc.	5,450		436,927
Pioneer Natural Resources Co.	21,290		5,588,625
Valero Energy Corp.	35,310		6,027,064
			21,140,096
OIL & GAS SERVICES & EQUIPMENT - 1.4%
Baker Hughes Co.	105,370		3,529,895
Schlumberger Ltd.	78,156		4,283,730
			7,813,625
REAL ESTATE SERVICES - 0.2%
CBRE Group, Inc. - Class A (b)	8,480		824,595
REITS - 4.0%
Alexandria Real Estate Equities, Inc.	5,380		693,536
American Tower Corp.	4,760		940,528
AvalonBay Communities, Inc.	3,750		695,850
Boston Properties, Inc.	7,640		498,968
Crown Castle, Inc.	12,150		1,285,835
Digital Realty Trust, Inc.	2,790		401,872

Schedule of Portfolio Investments (Continued)

Praxis Value Index Fund

COMMON STOCKS - 98.8% (Continued)	Shares		Fair Value
REITS - 4.0% (Continued)
Equinix, Inc.	2,800	$	2,310,924
Equity Residential	7,500		473,325
Extra Space Storage, Inc.	3,150		463,050
Federal Realty Investment Trust	4,450		454,434
Healthpeak Properties, Inc.	34,680		650,250
Host Hotels & Resorts, Inc. (a)	41,200		852,016
Kimco Realty Corp.	22,420		439,656
Mid-America Apartment Communities, Inc.	2,890		380,266
Prologis, Inc.	28,910		3,764,660
Public Storage	3,200		928,192
Realty Income Corp.	26,060		1,409,846
Regency Centers Corp.	9,230		558,969
SBA Communications Corp. - Class A	1,660		359,722
Simon Property Group, Inc.	8,469		1,325,314
UDR, Inc.	14,880		556,661
Ventas, Inc.	11,270		490,696
Welltower, Inc.	17,680		1,652,019
			21,586,589
RETAIL - CONSUMER STAPLES - 3.0%
Costco Wholesale Corp.	4,360		3,194,267
Dollar General Corp.	5,410		844,284
Dollar Tree, Inc. (b)	3,450		459,367
Kroger Co. (The)	20,514		1,171,965
Target Corp.	9,860		1,747,291
Walgreen Boots Alliance, Inc. (a)	72,610		1,574,911
Walmart, Inc.	119,130		7,168,052
			16,160,137
RETAIL - DISCRETIONARY - 2.6%
AutoZone, Inc. (b)	240		756,396
Best Buy Co., Inc. (a)	4,800		393,744
CarMax, Inc. (a)(b)	7,850		683,814
Genuine Parts Co.	4,570		708,030
Home Depot, Inc. (The)	15,792		6,057,811
Lowe's Cos., Inc.	17,510		4,460,322
TJX Cos., Inc. (The)	12,030		1,220,083
			14,280,200
SEMICONDUCTORS - 2.5%
Intel Corp.	99,778		4,407,194

Schedule of Portfolio Investments (Continued)

Praxis Value Index Fund

COMMON STOCKS - 98.8% (Continued)	Shares		Fair Value
SEMICONDUCTORS - 2.5% (Continued)
Microchip Technology, Inc. (a)	4,630	$	415,357
Micron Technology, Inc.	24,860		2,930,746
QUALCOMM, Inc.	13,770		2,331,261
Texas Instruments, Inc.	18,640		3,247,274
			13,331,832
SOFTWARE - 2.3%
ANSYS, Inc. (b)	1,760		611,002
Autodesk, Inc. (b)	2,650		690,113
Cadence Design Systems, Inc. (b)	2,340		728,395
Gen Digital, Inc. (a)	18,890		423,136
Intuit, Inc.	600		390,000
Microsoft Corp.	8,620		3,626,606
Oracle Corp.	12,032		1,511,340
Roper Technologies, Inc.	4,500		2,523,780
Salesforce, Inc.	1,410		424,664
Synopsys, Inc. (b)	920		525,780
Tyler Technologies, Inc. (b)	1,720		731,017
			12,185,833
SPECIALTY FINANCE - 1.0%
American Express Co.	9,754		2,220,888
Capital One Financial Corp. (a)	12,880		1,917,703
Discover Financial Services	5,770		756,390
Synchrony Financial	14,390		620,497
			5,515,478
TECHNOLOGY HARDWARE - 1.7%
Apple, Inc.	1,600		274,368
Cisco Systems, Inc.	117,190		5,848,953
Corning, Inc.	32,890		1,084,054
Hewlett Packard Enterprise Co.	46,690		827,814
HP, Inc.	40,700		1,229,954
			9,265,143
TECHNOLOGY SERVICES - 5.2%
Accenture plc - Class A	16,780		5,816,116
Automatic Data Processing, Inc.	10,480		2,617,275
Cognizant Technology Solutions Corp. - Class A	15,450		1,132,330
CoStar Group, Inc. (b)	4,230		408,618
Fidelity National Information Services, Inc.	21,130		1,567,423
Fiserv, Inc. (b)	8,480		1,355,274

Schedule of Portfolio Investments (Continued)

Praxis Value Index Fund

COMMON STOCKS - 98.8% (Continued)	Shares		Fair Value
TECHNOLOGY SERVICES - 5.2% (Continued)
Global Payments, Inc.	5,710	$	763,199
Mastercard, Inc. - Class A	5,040		2,427,113
Moody's Corp.	1,100		432,333
MSCI, Inc.	1,140		638,913
Paychex, Inc.	3,334		409,415
PayPal Holdings, Inc. (b)	28,270		1,893,807
S&P Global, Inc.	9,180		3,905,631
Verisk Analytics, Inc.	5,050		1,190,437
Visa, Inc. - Class A (a)	13,160		3,672,693
			28,230,577
TELECOMMUNICATIONS - 2.0%
AT&T, Inc.	191,746		3,374,730
T-Mobile US, Inc.	8,950		1,460,819
Verizon Communications, Inc.	142,640		5,985,174
			10,820,723
TRANSPORTATION & LOGISTICS - 3.0%
American Airlines Group, Inc. (b)	26,610		408,463
C.H. Robinson Worldwide, Inc. (a)	6,070		462,170
CSX Corp.	41,490		1,538,034
Delta Air Lines, Inc.	19,150		916,710
FedEx Corp.	8,230		2,384,560
J.B. Hunt Transport Services, Inc.	1,410		280,943
Norfolk Southern Corp.	8,850		2,255,600
Southwest Airlines Co.	36,990		1,079,738
Union Pacific Corp.	10,560		2,597,021
United Airlines Holdings, Inc. (b)	13,060		625,313
United Parcel Service, Inc. - Class B	26,280		3,905,996
			16,454,548
TRANSPORTATION EQUIPMENT - 0.1%
Westinghouse Air Brake Technologies Corp.	3,040		442,867
WHOLESALE - CONSUMER STAPLES - 0.6%
Archer-Daniels-Midland Co.	30,130		1,892,465
Sysco Corp.	18,680		1,516,443
			3,408,908

Schedule of Portfolio Investments (Continued)

Praxis Value Index Fund

COMMON STOCKS - 98.8% (Continued)	Shares		Fair Value
WHOLESALE - DISCRETIONARY - 0.1%
LKQ Corp.		11,370	$	607,272
TOTAL COMMON STOCKS (COST $419,178,528)			$	532,849,623

CORPORATE NOTES - 0.8%	Coupon			Maturity		Principal Amount		Fair Value
COMMUNITY DEVELOPMENT - 0.8%
Calvert Impact Capital, Inc. (c)		1.000	%		06/14/24	$	750,000	$	740,185
Calvert Impact Capital, Inc. (c)		3.000	%		06/17/24		280,000		277,353
Calvert Impact Capital, Inc. (c)		3.000	%		12/15/24		250,000		243,959
Calvert Impact Capital, Inc. (c)		2.500	%		06/13/25		280,000		268,436
Calvert Impact Capital, Inc. (c)		2.500	%		12/15/25		450,000		423,823
Calvert Impact Capital, Inc. (c)		4.000	%		06/15/28		350,000		322,917
Calvert Impact Capital, Inc. (c)		5.000	%		12/15/28		800,000		763,977
Capital Impact Partners Investment (c)		5.750	%		06/15/24		350,000		350,199
Capital Impact Partners Investment (c)		5.000	%		12/15/26		1,000,000		1,001,029
TOTAL CORPORATE NOTES (COST $4,510,000)								$	4,391,878

MONEY MARKET FUNDS - 0.1%	Shares		Fair Value
First American Government Obligations Fund - Class X, 5.23% (d) (COST $740,168)		740,168	$	740,168

Schedule of Portfolio Investments (Continued)

Praxis Value Index Fund

INVESTMENT PURCHASED WITH THE CASH PROCEEDS FROM SECURITIES LENDING - 3.3%	Shares		Fair Value
Mount Vernon Liquid Assets Portfolio, LLC, 5.44% (d)(e) (COST $17,860,135)		17,860,135	$	17,860,135
TOTAL INVESTMENTS - (COST $442,288,831) - 103.0%			$	555,841,804
LIABILITIES IN EXCESS OF OTHER ASSETS - (3.0%)				(16,459,601	)
NET ASSETS - 100.0%			$	539,382,203

^(a) All or a portion of the security is on loan.  The total fair value of the securities on loan as of March 31, 2024 was $17,563,304.

^(b) Non-income producing security.

^(c) Illiquid securities are as follows:

	Acquisition  Date	Current  Cost		Fair  Value		% of Net  Assets
Calvert Impact Capital, Inc., 1.000%, 06/14/24	06/15/21	$	750,000	$	740,185		0.1	%
Calvert Impact Capital, Inc., 3.000%, 06/17/24	06/17/19		280,000		277,353		0.1	%
Calvert Impact Capital, Inc., 3.000%, 12/15/24	12/12/19		250,000		243,959		0.0	%(f)
Calvert Impact Capital, Inc., 2.500%, 06/13/25	06/12/20		280,000		268,436		0.0	%(f)
Calvert Impact Capital, Inc., 2.500%, 12/15/25	12/15/20		450,000		423,823		0.1	%
Calvert Impact Capital, Inc., 4.000%, 06/15/28	06/15/23		350,000		322,917		0.1	%
Calvert Impact Capital, Inc., 5.000%, 12/15/28	12/15/23		800,000		763,977		0.1	%
Capital Impact Partners  Investment, 5.750%, 06/15/24	06/20/23		350,000		350,199		0.1	%
Capital Impact Partners  Investment, 5.000%, 12/15/26	12/15/23		1,000,000		1,001,029		0.2	%
		$	4,510,000	$	4,391,878		0.8	%

^(d) The rate shown is the 7-day effective yield as of March 31, 2024.

^(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 Growth Index Fund

March 31, 2024 (Unaudited)

COMMON STOCKS - 98.8%	Shares		Fair Value
ADVERTISING & MARKETING - 0.1%
Interpublic Group of Cos., Inc. (The)	23,990	$	782,794
APPAREL & TEXTILE PRODUCTS - 0.2%
NIKE, Inc. - Class B	14,510		1,363,650
ASSET MANAGEMENT - 0.3%
Blackstone, Inc.	12,970		1,703,869
AUTOMOTIVE - 2.1%
Tesla, Inc. (a)	69,260		12,175,215
BEVERAGES - 0.7%
Coca-Cola Co. (The)	29,840		1,825,611
PepsiCo, Inc.	13,850		2,423,889
			4,249,500
BIOTECH & PHARMA - 4.3%
AbbVie, Inc.	7,461		1,358,648
Eli Lilly & Co.	21,650		16,842,834
Merck & Co., Inc.	23,611		3,115,471
Regeneron Pharmaceuticals, Inc. (a)	1,821		1,752,694
Vertex Pharmaceuticals, Inc. (a)	4,274		1,786,575
Zoetis, Inc.	5,260		890,045
			25,746,267
CHEMICALS - 1.3%
Linde plc	13,918		6,462,406
LyondellBasell Industries N.V. - Class A	10,990		1,124,057
			7,586,463
COMMERCIAL SUPPORT SERVICES - 0.4%
Cintas Corp.	1,770		1,216,043
Republic Services, Inc.	3,500		670,040
Waste Management, Inc.	2,274		484,703
			2,370,786
DIVERSIFIED INDUSTRIALS - 0.2%
Illinois Tool Works, Inc.	5,274		1,415,172

Schedule of Portfolio Investments (Continued)

Praxis Growth Index Fund

COMMON STOCKS - 98.8% (Continued)	Shares		Fair Value
E-COMMERCE DISCRETIONARY - 5.3%
Amazon.com, Inc. (a)	175,000	$	31,566,500
ELECTRIC UTILITIES - 0.1%
Sempra	8,850		635,696
ELECTRICAL EQUIPMENT - 1.2%
Amphenol Corp. - Class A	5,972		688,870
Carrier Global Corp. (b)	10,260		596,414
Keysight Technologies, Inc. (a)	3,981		622,549
Otis Worldwide Corp.	4,950		491,386
Rockwell Automation, Inc.	3,288		957,893
TE Connectivity Ltd.	1,870		271,599
Trane Technologies plc	10,630		3,191,126
			6,819,837
ENTERTAINMENT CONTENT - 0.2%
Electronic Arts, Inc.	4,545		602,985
Walt Disney Co. (The)	5,103		624,403
			1,227,388
FOOD - 0.2%
Mondelez International, Inc. - Class A	18,040		1,262,800
GAS & WATER UTILITIES - 0.0% (c)
American Water Works Co., Inc.	1,610		196,758
HEALTH CARE FACILITIES & SERVICES - 0.7%
Cencora, Inc.	2,670		648,783
DaVita, Inc. (a)	3,750		517,687
Elevance Health, Inc.	1,320		684,473
Henry Schein, Inc. (a)	1,250		94,400
IQVIA Holdings, Inc. (a)	2,778		702,528
McKesson Corp.	1,910		1,025,384
Quest Diagnostics, Inc.	3,080		409,979
			4,083,234
HOME CONSTRUCTION - 0.4%
D.R. Horton, Inc.	4,420		727,311
Lennar Corp. - Class A	2,660		457,467
PulteGroup, Inc.	9,050		1,091,611
			2,276,389

Schedule of Portfolio Investments (Continued)

Praxis Growth Index Fund

COMMON STOCKS - 98.8% (Continued)	Shares		Fair Value
HOUSEHOLD PRODUCTS - 1.1%
Church & Dwight Co., Inc. (b)		4,800	$	500,688
Colgate-Palmolive Co.		10,057		905,633
Procter & Gamble Co. (The)		31,360		5,088,160
				6,494,481
INDUSTRIAL SUPPORT SERVICES - 0.7%
Fastenal Co.		6,190		477,496
United Rentals, Inc.		1,770		1,276,365
W.W. Grainger, Inc.		2,530		2,573,769
				4,327,630
INSTITUTIONAL FINANCIAL SERVICES - 0.1%
Nasdaq, Inc.		8,490		535,719
INSURANCE - 0.4%
Aon plc - Class A		2,560		854,323
Arch Capital Group Ltd. (a)		5,760		532,454
Progressive Corp. (The)		5,690		1,176,806
				2,563,583
INTERNET MEDIA & SERVICES - 14.6%
Airbnb, Inc. - Class A (a)		4,890		806,654
Alphabet, Inc. - Class A (a)		156,720		23,653,750
Alphabet, Inc. - Class C (a)		124,120		18,898,511
Booking Holdings, Inc.		960		3,482,765
Meta Platforms, Inc. - Class A		58,280		28,299,602
Netflix, Inc. (a)		11,970		7,269,740
Uber Technologies, Inc. (a)		57,750		4,446,173
				86,857,195
LEISURE FACILITIES & SERVICES - 1.7%
Chipotle Mexican Grill, Inc. (a)		907		2,636,440
Hilton Worldwide Holdings, Inc.		7,350		1,567,829
Marriott International, Inc. - Class A		6,510		1,642,538
McDonald's Corp.		7,377		2,079,945
Royal Caribbean Cruises Ltd. (a)		6,470		899,395
Starbucks Corp.		13,262		1,212,014
				10,038,161
LEISURE PRODUCTS - 0.1%
Hasbro, Inc.		12,240		691,805

Schedule of Portfolio Investments (Continued)

Praxis Growth Index Fund

COMMON STOCKS - 98.8% (Continued)	Shares		Fair Value
MACHINERY - 0.8%
Deere & Co.		3,936	$	1,616,673
Ingersoll-Rand, Inc.		17,600		1,671,120
Veralto Corp.		10,924		968,522
Xylem, Inc.		3,590		463,971
				4,720,286
MEDICAL EQUIPMENT & DEVICES - 3.5%
Agilent Technologies, Inc.		4,905		713,726
Align Technology, Inc. (a)		1,550		508,276
Boston Scientific Corp. (a)		21,830		1,495,137
Cooper Cos., Inc. (The)		5,244		532,056
Danaher Corp.		14,694		3,669,386
DexCom, Inc. (a)		5,670		786,429
Edwards Lifesciences Corp. (a)		9,550		912,598
IDEXX Laboratories, Inc. (a)		1,700		917,881
Intuitive Surgical, Inc. (a)		6,880		2,745,739
Medtronic plc		4,680		407,862
Mettler-Toledo International, Inc. (a)		550		732,209
Stryker Corp.		1,880		672,796
Thermo Fisher Scientific, Inc.		9,165		5,326,790
Waters Corp. (a)		1,646		566,603
West Pharmaceutical Services, Inc.		2,130		842,862
				20,830,350
OIL & GAS PRODUCERS - 0.9%
ConocoPhillips		23,820		3,031,810
ONEOK, Inc.		5,850		468,994
Pioneer Natural Resources Co.		5,730		1,504,125
				5,004,929
OIL & GAS SERVICES & EQUIPMENT - 0.3%
Baker Hughes Co.		30,530		1,022,755
Schlumberger Ltd.		17,770		973,974
				1,996,729
REITS - 1.2%
American Tower Corp.		6,442		1,272,875
Digital Realty Trust, Inc.		3,940		567,518
Equinix, Inc.		1,777		1,466,611
Host Hotels & Resorts, Inc. (b)		46,150		954,382
Iron Mountain, Inc.		8,670		695,421
Prologis, Inc.		6,088		792,779

Schedule of Portfolio Investments (Continued)

Praxis Growth Index Fund

COMMON STOCKS - 98.8% (Continued)	Shares		Fair Value
REITS - 1.2% (Continued)
Public Storage		2,790	$	809,267
Simon Property Group, Inc.		2,700		422,523
				6,981,376
RETAIL - CONSUMER STAPLES - 0.6%
Costco Wholesale Corp.		4,443		3,255,075
Walmart, Inc.		7,770		467,521
				3,722,596
RETAIL - DISCRETIONARY - 3.2%
AutoZone, Inc. (a)		659		2,076,937
Builders FirstSource, Inc. (a)		2,700		563,085
Home Depot, Inc. (The)		16,306		6,254,982
Lowe's Cos., Inc.		6,789		1,729,362
Lululemon Athletica, Inc. (a)		3,200		1,250,080
O'Reilly Automotive, Inc. (a)		1,810		2,043,273
Ross Stores, Inc.		9,900		1,452,924
TJX Cos., Inc. (The)		25,513		2,587,528
Tractor Supply Co. (b)		2,060		539,143
Ulta Beauty, Inc. (a)		1,070		559,482
				19,056,796
SEMICONDUCTORS - 15.8%
Advanced Micro Devices, Inc. (a)		42,406		7,653,859
Applied Materials, Inc.		22,816		4,705,344
Broadcom, Inc.		11,549		15,307,160
KLA Corp.		3,560		2,486,909
Lam Research Corp.		4,073		3,957,205
Monolithic Power Systems, Inc.		1,260		853,549
NVIDIA Corp.		62,256		56,252,031
NXP Semiconductors N.V.		2,460		609,514
QUALCOMM, Inc.		10,950		1,853,835
Texas Instruments, Inc.		497		86,583
				93,765,989
SOFTWARE - 16.8%
Adobe, Inc. (a)		11,717		5,912,398
Akamai Technologies, Inc. (a)		120		13,051
ANSYS, Inc. (a)		2,190		760,280
Autodesk, Inc. (a)		3,330		867,199
Cadence Design Systems, Inc. (a)		10,624		3,307,039
Fortinet, Inc. (a)		12,990		887,347

Schedule of Portfolio Investments (Continued)

Praxis Growth Index Fund

COMMON STOCKS - 98.8% (Continued)	Shares		Fair Value
SOFTWARE - 16.8% (Continued)
Intuit, Inc.		8,900	$	5,785,000
Microsoft Corp.		128,238		53,952,291
Oracle Corp.		65,250		8,196,053
Palo Alto Networks, Inc. (a)		6,210		1,764,447
PTC, Inc. (a)		2,330		440,230
Roper Technologies, Inc.		2,400		1,346,016
Salesforce, Inc.		27,750		8,357,745
ServiceNow, Inc. (a)		6,293		4,797,783
Synopsys, Inc. (a)		6,460		3,691,890
Tyler Technologies, Inc. (a)		50		21,251
				100,100,020
SPECIALTY FINANCE - 0.3%
American Express Co.		8,500		1,935,365
TECHNOLOGY HARDWARE - 12.0%
Apple, Inc.		399,198		68,454,473
Arista Networks, Inc. (a)		7,440		2,157,451
NetApp, Inc.		5,800		608,826
Seagate Technology Holdings plc		3,180		295,899
				71,516,649
TECHNOLOGY SERVICES - 5.6%
Accenture plc - Class A		17,989		6,235,167
Automatic Data Processing, Inc.		6,670		1,665,766
Broadridge Financial Solutions, Inc.		2,596		531,816
CoStar Group, Inc. (a)		7,250		700,350
Fair Isaac Corp. (a)		880		1,099,657
Fiserv, Inc. (a)		11,266		1,800,532
Gartner, Inc. (a)		2,010		958,107
Mastercard, Inc. - Class A		17,186		8,276,262
Moody's Corp.		3,375		1,326,476
MSCI, Inc.		1,797		1,007,129
S&P Global, Inc.		2,944		1,252,525
Verisk Analytics, Inc.		460		108,436
Visa, Inc. - Class A (b)		30,613		8,543,476
				33,505,699
TRANSPORTATION & LOGISTICS - 0.9%
CSX Corp.		22,471		833,000
Delta Air Lines, Inc.		11,420		546,675

Schedule of Portfolio Investments (Continued)

Praxis Growth Index Fund

COMMON STOCKS - 98.8% (Continued)	Shares		Fair Value
TRANSPORTATION & LOGISTICS - 0.9% (Continued)
Expeditors International of Washington, Inc.		4,770	$	579,889
J.B. Hunt Transport Services, Inc.		2,270		452,298
Old Dominion Freight Line, Inc.		5,900		1,293,929
Union Pacific Corp.		5,761		1,416,803
				5,122,594
WHOLESALE - CONSUMER STAPLES - 0.1%
Sysco Corp.		5,970		484,645
WHOLESALE - DISCRETIONARY - 0.4%
Copart, Inc. (a)		35,482		2,055,117
TOTAL COMMON STOCKS (COST $272,846,926)			$	587,770,032

CORPORATE NOTES - 0.8%	Coupon			Maturity		Principal Amount		Fair Value
COMMUNITY DEVELOPMENT - 0.8%
Calvert Impact Capital, Inc. (d)		1.000	%		06/14/24	$	520,000	$	513,195
Calvert Impact Capital, Inc. (d)		3.000	%		06/17/24		550,000		544,801
Calvert Impact Capital, Inc. (d)		3.000	%		12/15/24		150,000		146,376
Calvert Impact Capital, Inc. (d)		2.500	%		06/13/25		670,000		642,330
Calvert Impact Capital, Inc. (d)		2.500	%		12/15/25		500,000		470,914
Calvert Impact Capital, Inc. (d)		4.000	%		06/15/28		750,000		691,964
Calvert Impact Capital, Inc. (d)		5.000	%		12/15/28		450,000		429,737
Capital Impact Partners Investment (d)		5.750	%		06/15/24		750,000		750,427
Capital Impact Partners Investment (d)		5.000	%		12/15/26		500,000		500,514
TOTAL CORPORATE NOTES (COST $4,840,000)								$	4,690,258

MONEY MARKET FUNDS - 0.3%	Shares		Fair Value
First American Government Obligations Fund - Class X, 5.23% (e) (COST $1,464,806)	1,464,806	$	1,464,806

Schedule of Portfolio Investments (Continued)

Praxis Growth Index Fund

INVESTMENT PURCHASED WITH THE CASH PROCEEDS FROM SECURITIES LENDING - 1.7%	Shares		Fair Value
Mount Vernon Liquid Assets Portfolio, LLC, 5.44% (e)(f) (COST $10,266,034)		10,266,034	$	10,266,034
TOTAL INVESTMENTS - (COST $289,417,766) - 101.6%			$	604,191,130
LIABILITIES IN EXCESS OF OTHER ASSETS - (1.6%)				(9,541,281	)
NET ASSETS - 100.0%			$	594,649,849

(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 March 31, 2024 was $10,058,040.
(c)	Percentage rounds to less than 0.1%.
(d)	Illiquid securities are as follows:

	Acquisition		Current		Fair		% of Net
	Date		Cost		Value		Assets
Calvert Impact Capital, Inc., 1.000%, 06/14/24		06/15/21	$	520,000	$	513,195		0.1	%
Calvert Impact Capital, Inc., 3.000%, 06/17/24		06/17/19		550,000		544,801		0.1	%
Calvert Impact Capital, Inc., 3.000%, 12/15/24		12/12/19		150,000		146,376		0.0	%(c)
Calvert Impact Capital, Inc., 2.500%, 06/13/25		06/12/20		670,000		642,330		0.1	%
Calvert Impact Capital, Inc., 2.500%, 12/15/25		12/15/20		500,000		470,914		0.1	%
Calvert Impact Capital, Inc., 4.000%, 06/15/28		06/15/23		750,000		691,964		0.1	%
Calvert Impact Capital, Inc., 5.000%, 12/15/28		12/15/23		450,000		429,737		0.1	%
Capital Impact Partners Investment, 5.750%, 06/15/24		06/20/23		750,000		750,427		0.1	%
Capital Impact Partners Investment, 5.000%, 12/15/26		12/15/23		500,000		500,514		0.1	%
			$	4,840,000	$	4,690,258		0.8	%

(e)	The rate shown is the 7-day effective yield as of March 31, 2024.
(f)	The security was purchased with cash collateral received from securities on loan.

plc - Public Liability Company

Schedule of Portfolio Investments

Praxis Small Cap Index Fund

March 31, 2024 (Unaudited)

COMMON STOCKS - 98.3%	Shares		Fair Value
AEROSPACE & DEFENSE - 0.2%
Barnes Group, Inc.		10,110	$	375,587
APPAREL & TEXTILE PRODUCTS - 1.1%
Hanesbrands, Inc. (a)(b)		51,000		295,800
Kontoor Brands, Inc.		4,780		287,995
Movado Group, Inc.		6,810		190,203
Oxford Industries, Inc. (b)		3,465		389,466
Steven Madden Ltd.		11,935		504,612
Wolverine World Wide, Inc.		19,270		216,017
				1,884,093
ASSET MANAGEMENT - 0.9%
Artisan Partners Asset Management, Inc. - Class A (b)		8,840		404,607
B. Riley Financial, Inc. (b)		9,890		209,371
BrightSphere Investment Group, Inc.		7,030		160,565
Kennedy-Wilson Holdings, Inc. (b)		41,750		358,215
Virtus Investment Partners, Inc.		920		228,142
WisdomTree, Inc. (b)		21,350		196,206
				1,557,106
AUTOMOTIVE - 0.5%
Dana, Inc.		14,900		189,230
Dorman Products, Inc. (a)		2,970		286,278
Gentherm, Inc. (a)		4,670		268,899
Phinia, Inc.		5,290		203,295
				947,702
BANKING - 8.4%
Ameris Bancorp		7,424		359,173
Atlantic Union Bankshares Corp.		7,690		271,534
Axos Financial, Inc. (a)		8,590		464,204
Banc of California, Inc.		13,321		202,612
BancFirst Corp.		3,710		326,591
Bancorp, Inc. (The) (a)		10,190		340,957
Bank of Hawaii Corp.		5,430		338,778
BankUnited, Inc.		12,200		341,600
Banner Corp.		2,830		135,840
Berkshire Hills Bancorp, Inc.		7,000		160,440
Brookline Bancorp, Inc.		15,670		156,073
Capitol Federal Financial, Inc.		35,510		211,640

Schedule of Portfolio Investments (Continued)

Praxis Small Cap Index Fund

COMMON STOCKS - 98.3% (Continued)	Shares		Fair Value
BANKING - 8.4% (Continued)
Cathay General Bancorp		6,960	$	263,297
Central Pacific Financial Corp.		12,720		251,220
City Holding Co. (b)		2,750		286,605
Community Bank System, Inc.		2,820		135,445
Customers Bancorp, Inc. (a)		10,660		565,620
CVB Financial Corp. (b)		21,560		384,630
Dime Community Bancshares, Inc.		12,609		242,849
Eagle Bancorp, Inc.		10,010		235,135
FB Financial Corp.		7,386		278,157
First BanCorp.		38,970		683,534
First Bancorp/NC		5,760		208,051
First Financial Bancorp		9,830		220,389
First Hawaiian, Inc.		13,580		298,217
Fulton Financial Corp. (b)		14,520		230,723
Hanmi Financial Corp.		9,870		157,130
Heritage Financial Corp.		8,470		164,233
Hope Bancorp, Inc.		13,410		154,349
Independent Bank Corp.		4,640		241,373
Independent Bank Group, Inc.		4,740		216,381
Lakeland Financial Corp. (b)		3,090		204,929
National Bank Holdings Corp. - Class A		6,570		236,980
NBT Bancorp, Inc.		4,520		165,794
Northwest Bancshares, Inc.		21,190		246,863
OFG Bancorp		7,230		266,136
Pacific Premier Bancorp, Inc.		15,096		362,304
Park National Corp. (b)		2,050		278,492
Pathward Financial, Inc.		6,750		340,740
Preferred Bank		2,910		223,401
Provident Financial Services, Inc.		14,020		204,271
Renasant Corp.		5,600		175,392
Seacoast Banking Corp. of Florida		11,950		303,410
ServisFirst Bancshares, Inc. (b)		10,670		708,061
Simmons First National Corp. - Class A		12,940		251,812
SiriusPoint Ltd. (a)		21,000		266,910
Triumph Financial, Inc. (a)(b)		5,040		399,773
Trustmark Corp.		9,210		258,893
United Community Banks, Inc.		14,330		377,166
Veritex Holdings, Inc.		12,430		254,691

Schedule of Portfolio Investments (Continued)

Praxis Small Cap Index Fund

COMMON STOCKS - 98.3% (Continued)	Shares		Fair Value
BANKING - 8.4% (Continued)
WaFd, Inc.		7,540	$	218,886
WSFS Financial Corp.		7,320		330,425
				14,602,109
BEVERAGES - 0.1%
National Beverage Corp. (a)		4,440		210,722
BIOTECH & PHARMA - 2.9%
Alkermes plc (a)		13,270		359,219
Amphastar Pharmaceuticals, Inc. (a)		6,470		284,098
Arcus Biosciences, Inc. (a)		10,060		189,933
Catalyst Pharmaceutical, Inc. (a)		15,260		243,244
Certara, Inc. (a)		12,320		220,281
Collegium Pharmaceutical, Inc. (a)		9,800		380,436
Cytek Biosciences, Inc. (a)		13,860		93,001
Dynavax Technologies Corp. (a)		20,100		249,441
Harmony Biosciences Holdings, Inc. (a)		4,890		164,206
Innoviva, Inc. (a)		11,970		182,423
Ironwood Pharmaceuticals, Inc. (a)		20,430		177,945
Ligand Pharmaceuticals, Inc. (a)		2,760		201,756
Organon & Co.		34,670		651,796
Pacira BioSciences, Inc. (a)		8,940		261,227
Prestige Consumer Healthcare, Inc. (a)		6,630		481,073
REGENXBIO, Inc. (a)		11,450		241,251
Supernus Pharmaceuticals, Inc. (a)(b)		7,570		258,213
Vir Biotechnology, Inc. (a)		21,430		217,086
Xencor, Inc. (a)		8,400		185,892
				5,042,521
CHEMICALS - 2.9%
AdvanSix, Inc.		7,800		223,080
Balchem Corp.		5,560		861,522
H.B. Fuller Co.		10,240		816,538
Ingevity Corp. (a)		4,120		196,524
Innospec, Inc.		4,330		558,310
Materion Corp.		5,040		664,020
Minerals Technologies, Inc.		3,580		269,502
Quaker Chemical Corp.		1,500		307,875
Rogers Corp. (a)		3,610		428,471
Stepan Co.		2,730		245,809

Schedule of Portfolio Investments (Continued)

Praxis Small Cap Index Fund

COMMON STOCKS - 98.3% (Continued)	Shares		Fair Value
CHEMICALS - 2.9% (Continued)
WD-40 Co. (b)		1,810	$	458,491
				5,030,142
COMMERCIAL SUPPORT SERVICES - 2.7%
ABM Industries, Inc.		13,350		595,677
AMN Healthcare Services, Inc. (a)		9,180		573,842
Brady Corp. - Class A		14,310		848,297
CorVel Corp. (a)		2,390		628,474
Cross Country Healthcare, Inc. (a)		11,090		207,605
Enviri Corp. (a)		29,730		272,029
Healthcare Services Group, Inc. (a)		24,290		303,139
Heidrick & Struggles International, Inc.		6,300		212,058
Korn Ferry		8,880		583,949
UniFirst Corp.		1,790		310,440
Vestis Corp.		12,090		232,974
				4,768,484
CONSUMER SERVICES - 0.9%
Adtalem Global Education, Inc. (a)(b)		12,630		649,182
Medifast, Inc.		850		32,572
Perdoceo Education Corp.		16,740		293,954
Strategic Education, Inc.		2,550		265,506
Stride, Inc. (a)		5,850		368,843
				1,610,057
CONTAINERS & PACKAGING - 0.8%
Myers Industries, Inc.		10,120		234,480
O-I Glass, Inc. (a)		14,660		243,210
Sealed Air Corp.		13,560		504,432
UFP Technologies, Inc. (a)		1,370		345,514
				1,327,636
ELECTRIC UTILITIES - 1.3%
Avista Corp.		19,630		687,443
Clearway Energy, Inc. - Class C		28,910		666,375
MGE Energy, Inc. (b)		3,230		254,266
Otter Tail Corp.		4,280		369,792
Unitil Corp.		4,640		242,904
				2,220,780
ELECTRICAL EQUIPMENT - 3.2%
AAON, Inc. (b)		14,805		1,304,321
Advanced Energy Industries, Inc.		6,290		641,454

Schedule of Portfolio Investments (Continued)

Praxis Small Cap Index Fund

COMMON STOCKS - 98.3% (Continued)	Shares		Fair Value
ELECTRICAL EQUIPMENT - 3.2% (Continued)
Alarm.com Holdings, Inc. (a)		7,330	$	531,205
Badger Meter, Inc.		6,300		1,019,403
Hayward Holdings, Inc. (a)		12,720		194,743
Itron, Inc. (a)		3,570		330,297
Mesa Laboratories, Inc.		300		32,919
OSI Systems, Inc. (a)		2,550		364,191
SPX Technologies, Inc. (a)(b)		9,870		1,215,293
				5,633,826
ENGINEERING & CONSTRUCTION - 2.1%
Arcosa, Inc.		7,940		681,728
Dycom Industries, Inc. (a)		4,400		631,532
Frontdoor, Inc. (a)		14,390		468,826
Granite Construction, Inc. (b)		7,530		430,189
Installed Building Products, Inc.		3,410		882,269
MYR Group, Inc. (a)		2,470		436,573
NV5 Global, Inc. (a)(b)		2,110		206,801
				3,737,918
FOOD - 1.1%
B&G Foods, Inc.		12,120		138,653
Cal-Maine Foods, Inc.		7,550		444,317
Hain Celestial Group, Inc. (The) (a)		20,110		158,065
J & J Snack Foods Corp.		1,740		251,534
Simply Good Foods Co. (The) (a)(b)		9,530		324,306
TreeHouse Foods, Inc. (a)(b)		9,670		376,647
W.K. Kellogg Co.		13,630		256,244
				1,949,766
FORESTRY, PAPER & WOOD PRODUCTS - 0.9%
Boise Cascade Co.		7,010		1,075,124
Mercer International, Inc.		26,240		261,088
Sylvamo Corp.		3,510		216,707
				1,552,919
GAS & WATER UTILITIES - 1.3%
American States Water Co.		5,890		425,494
California Water Service Group		14,610		679,073
Chesapeake Utilities Corp.		6,110		655,603
Middlesex Water Co.		3,200		168,000
SJW Group		7,380		417,634
				2,345,804

Schedule of Portfolio Investments (Continued)

Praxis Small Cap Index Fund

COMMON STOCKS - 98.3% (Continued)	Shares		Fair Value
HEALTH CARE FACILITIES & SERVICES - 2.6%
AdaptHealth Corp. (a)		26,210	$	301,677
Addus HomeCare Corp. (a)		2,750		284,185
Agiliti, Inc. (a)(b)		28,560		289,027
Ensign Group, Inc. (The) (b)		8,010		996,604
Fortrea Holdings, Inc. (a)(b)		7,690		308,677
Fulgent Genetics, Inc. (a)		6,100		132,370
NeoGenomics, Inc. (a)		17,840		280,445
Owens & Minor, Inc. (a)		12,410		343,881
Premier, Inc. - Class A		10,500		232,050
RadNet, Inc. (a)		11,320		550,831
Select Medical Holdings Corp.		16,840		507,726
U.S. Physical Therapy, Inc.		2,080		234,770
				4,462,243
HOME & OFFICE PRODUCTS - 0.6%
HNI Corp.		7,870		355,173
MillerKnoll, Inc.		10,390		257,256
Newell Brands, Inc.		50,860		408,406
				1,020,835
HOME CONSTRUCTION - 3.6%
American Woodmark Corp. (a)		2,980		302,947
Armstrong World Industries, Inc.		1,500		186,330
Cavco Industries, Inc. (a)		1,950		778,167
Century Communities, Inc.		2,300		221,950
Green Brick Partners, Inc. (a)		5,000		301,150
Griffon Corp.		3,880		284,559
Interface, Inc.		25,680		431,937
LGI Homes, Inc. (a)		3,980		463,153
M/I Homes, Inc. (a)		3,510		478,378
Masterbrand, Inc. (a)		15,020		281,475
MDC Holdings, Inc.		10,555		664,015
Meritage Homes Corp.		6,110		1,072,061
Patrick Industries, Inc.		2,420		289,117
TRI Pointe Homes, Inc. (a)		14,490		560,183
				6,315,422
HOUSEHOLD PRODUCTS - 0.7%
Central Garden & Pet Co. (a)		3,630		155,473
Central Garden & Pet Co. - Class A (a)		907		33,486
Clearwater Paper Corp. (a)		3,210		140,373

Schedule of Portfolio Investments (Continued)

Praxis Small Cap Index Fund

COMMON STOCKS - 98.3% (Continued)	Shares		Fair Value
HOUSEHOLD PRODUCTS - 0.7% (Continued)
Edgewell Personal Care Co. (b)		6,520	$	251,933
Nu Skin Enterprises, Inc. - Class A		7,900		109,257
Quanex Building Products Corp.		11,930		458,470
				1,148,992
INDUSTRIAL INTERMEDIATE PRODUCTS - 1.5%
Enpro, Inc.		3,620		610,947
Gibraltar Industries, Inc. (a)		5,860		471,906
Insteel Industries, Inc.		3,950		150,969
Mueller Industries, Inc.		17,000		916,810
Proto Labs, Inc. (a)		4,540		162,305
Standex International Corp. (b)		2,030		369,907
				2,682,844
INDUSTRIAL SUPPORT SERVICES - 0.4%
DXP Enterprises, Inc. (a)		5,460		293,366
Resideo Technologies, Inc. (a)		18,410		412,752
				706,118
INSTITUTIONAL FINANCIAL SERVICES - 0.9%
Moelis & Co. - Class A		7,690		436,561
Piper Sandler Cos.		3,730		740,368
PJT Partners, Inc. - Class A (b)		2,180		205,487
StoneX Group, Inc. (a)		3,615		253,990
				1,636,406
INSURANCE - 4.1%
Ambac Financial Group, Inc. (a)		10,910		170,523
American Equity Investment Life Holding Co. (a)		12,720		715,118
Assured Guaranty Ltd.		7,980		696,255
BCG Group, Inc. - Class A		30,410		236,286
Employers Holdings, Inc.		5,510		250,099
Genworth Financial, Inc. - Class A (a)		116,460		748,838
Goosehead Insurance, Inc. - Class A (a)		3,070		204,523
Horace Mann Educators Corp.		5,960		220,460
Jackson Financial, Inc. - Class A		8,980		593,937
Lincoln National Corp.		26,790		855,405
Mercury General Corp.		4,640		239,424
NMI Holdings, Inc. - Class A (a)		14,340		463,756
Palomar Holdings, Inc. (a)		3,850		322,745
ProAssurance Corp. (a)		17,110		220,035
Radian Group, Inc.		20,170		675,090

Schedule of Portfolio Investments (Continued)

Praxis Small Cap Index Fund

COMMON STOCKS - 98.3% (Continued)	Shares		Fair Value
INSURANCE - 4.1% (Continued)
Safety Insurance Group, Inc.		1,630	$	133,970
Trupanion, Inc. (a)(b)		6,280		173,391
United Fire Group, Inc.		11,630		253,185
				7,173,040
INTERNET MEDIA & SERVICES - 0.9%
CarGurus, Inc. (a)		11,260		259,881
Cars.com, Inc. (a)		9,720		166,989
Shutterstock, Inc. (b)		3,610		165,374
TechTarget, Inc. (a)		4,120		136,290
TripAdvisor, Inc. (a)		14,320		397,953
Yelp, Inc. (a)		11,460		451,524
				1,578,011
LEISURE FACILITIES & SERVICES - 2.0%
Bloomin' Brands, Inc.		18,470		529,720
Brinker International, Inc. (a)(b)		7,800		387,504
Cheesecake Factory, Inc. (The)		7,530		272,209
Chuy's Holdings, Inc. (a)		6,950		234,424
Cinemark Holdings, Inc. (a)		8,560		153,823
Cracker Barrel Old Country Store, Inc. (b)		2,690		195,644
Dave & Buster's Entertainment, Inc. (a)		5,970		373,722
Dine Brands Global, Inc.		3,280		152,454
Jack in the Box, Inc.		2,970		203,386
Papa John's International, Inc.		3,820		254,412
Shake Shack, Inc. - Class A (a)		5,180		538,875
Six Flags Entertainment Corp. (a)		10,490		276,097
				3,572,270
LEISURE PRODUCTS - 0.7%
LCI Industries		4,750		584,535
Topgolf Callaway Brands Corp. (a)		17,110		276,669
Winnebago Industries, Inc.		3,720		275,280
				1,136,484
MACHINERY - 3.1%
Alamo Group, Inc.		1,800		410,994
Astec Industries, Inc.		4,830		211,119
Enerpac Tool Group Corp.		19,940		711,060
ESCO Technologies, Inc.		2,890		309,375
Federal Signal Corp.		4,750		403,133

Schedule of Portfolio Investments (Continued)

Praxis Small Cap Index Fund

COMMON STOCKS - 98.3% (Continued)	Shares		Fair Value
MACHINERY - 3.1% (Continued)
Franklin Electric Co., Inc.		6,300	$	672,903
Hillenbrand, Inc.		7,280		366,111
Ichor Holdings Ltd. (a)		8,140		314,367
John Bean Technologies Corp.		5,325		558,539
Kennametal, Inc.		10,250		255,635
Lindsay Corp.		3,140		369,452
Stellar Bancorp, Inc.		8,879		216,293
Tennant Co.		2,040		248,084
Titan International, Inc. (a)		33,750		420,525
				5,467,590
MEDICAL EQUIPMENT & DEVICES - 3.0%
Artivion, Inc. (a)		7,320		154,891
Avanos Medical, Inc. (a)		8,170		162,665
BioLife Solutions, Inc. (a)(b)		15,770		292,533
CONMED Corp.		3,920		313,914
Embecta Corp.		16,920		224,528
Glaukos Corp. (a)		7,100		669,459
Integer Holdings Corp. (a)(b)		4,160		485,389
LeMaitre Vascular, Inc.		5,530		366,971
Merit Medical Systems, Inc. (a)		10,140		768,105
Myriad Genetics, Inc. (a)		13,280		283,130
Omnicell, Inc. (a)		5,710		166,903
OraSure Technologies, Inc. (a)		28,300		174,045
STAAR Surgical Co. (a)		8,010		306,623
Tandem Diabetes Care, Inc. (a)(b)		9,020		319,398
Varex Imaging Corp. (a)		8,210		148,601
Vericel Corp. (a)(b)		6,960		362,059
				5,199,214
METALS & MINING - 1.5%
Alpha Metallurgical Resources, Inc.		1,690		559,677
Century Aluminum Co. (a)		13,620		209,612
Encore Wire Corp.		3,620		951,264
Haynes International, Inc.		4,750		285,570
Kaiser Aluminum Corp.		2,420		216,251
SunCoke Energy, Inc.		30,440		343,059
				2,565,433
OIL & GAS PRODUCERS - 2.2%
Core Laboratories, Inc. (b)		42,210		720,947

Schedule of Portfolio Investments (Continued)

Praxis Small Cap Index Fund

COMMON STOCKS - 98.3% (Continued)	Shares		Fair Value
OIL & GAS PRODUCERS - 2.2% (Continued)
CVR Energy, Inc.		31,360	$	1,118,298
Magnolia Oil & Gas Corp. - Class A (b)		16,130		418,573
SM Energy Co.		22,970		1,145,055
Talos Energy, Inc. (a)		20,310		282,918
World Kinect Corp.		6,780		179,331
				3,865,122
OIL & GAS SERVICES & EQUIPMENT - 1.0%
Bristow Group, Inc. (a)		39,022		1,061,398
Nabors Industries Ltd. (a)		4,600		396,198
DNOW, Inc. (a)		9,260		140,752
U.S. Silica Holdings, Inc. (a)		18,970		235,418
				1,833,766
PUBLISHING & BROADCASTING - 0.3%
E.W. Scripps Co. (The) - Class A (a)		5,930		23,305
John Wiley & Sons, Inc. - Class A		7,180		273,773
Scholastic Corp.		4,200		158,382
				455,460
REAL ESTATE OWNERS & DEVELOPERS - 0.1%
St. Joe Co. (The)		2,610		151,302
REAL ESTATE SERVICES - 0.4%
Anywhere Real Estate, Inc. (a)		32,900		203,322
Cushman & Wakefield plc (a)		17,860		186,816
eXp World Holdings, Inc. (b)		9,950		102,783
Marcus & Millichap, Inc.		6,930		236,798
				729,719
REITS - 6.6%
Acadia Realty Trust		10,440		177,584
Alexander & Baldwin, Inc.		13,880		228,604
American Assets Trust, Inc.		11,550		253,060
Apple Hospitality REIT, Inc. (b)		26,940		441,277
Armada Hoffler Properties, Inc.		12,440		129,376
Brandywine Realty Trust		50,190		240,912
CareTrust REIT, Inc.		12,440		303,163
Chatham Lodging Trust		14,320		144,775
Community Healthcare Trust, Inc.		4,190		111,245
DiamondRock Hospitality Co.		28,340		272,347
Douglas Emmett, Inc.		25,910		359,372

Schedule of Portfolio Investments (Continued)

Praxis Small Cap Index Fund

COMMON STOCKS - 98.3% (Continued)	Shares		Fair Value
REITS - 6.6% (Continued)
Easterly Government Properties, Inc.		20,710	$	238,372
Elme Communities		17,640		245,549
Essential Properties Realty Trust, Inc. (b)		18,920		504,407
Four Corners Property Trust, Inc.		8,360		204,569
Franklin BSP Realty Trust, Inc. (b)		21,422		286,198
Getty Realty Corp.		8,400		229,740
Global Net Lease, Inc.		39,280		305,206
Hannon Armstrong Sustainable Infrastructure Capital, Inc. (b)		15,340		435,656
Highwoods Properties, Inc. (b)		13,520		353,954
Hudson Pacific Properties, Inc.		23,360		150,672
Innovative Industrial Properties, Inc. (b)		1,220		126,319
JBG SMITH Properties		11,590		186,020
LTC Properties, Inc.		4,500		146,295
LXP Industrial Trust		32,120		289,722
Macerich Co. (The)		33,280		573,414
Outfront Media, Inc.		24,990		419,582
Pebblebrook Hotel Trust		16,060		247,485
Phillips Edison & Co., Inc.		13,700		491,419
Retail Opportunity Investments Corp.		14,970		191,915
Safehold, Inc.		9,118		187,831
Saul Centers, Inc.		3,420		131,636
Service Properties Trust		28,860		195,671
SITE Centers Corp.		25,140		368,301
SL Green Realty Corp.		17,480		963,672
Summit Hotel Properties, Inc.		23,710		154,352
Sunstone Hotel Investors, Inc. (b)		12,360		137,690
Tanger, Inc.		16,810		496,399
Uniti Group, Inc. (b)		35,680		210,512
Urban Edge Properties		13,970		241,262
Xenia Hotel & Resorts, Inc. (b)		8,950		134,340
				11,509,875
RENEWABLE ENERGY - 0.6%
Green Plains, Inc. (a)(b)		7,060		163,227
SolarEdge Technologies, Inc. (a)(b)		9,370		665,083
SunPower Corp. (a)(b)		60,960		182,880
				1,011,190

Schedule of Portfolio Investments (Continued)

Praxis Small Cap Index Fund

COMMON STOCKS - 98.3% (Continued)	Shares		Fair Value
RETAIL - CONSUMER STAPLES - 0.2%
SpartanNash Co.		18,290	$	369,641
RETAIL - DISCRETIONARY - 7.0%
Abercrombie & Fitch Co. - Class A (a)(b)		13,550		1,698,222
Academy Sports & Outdoors, Inc. (b)		16,030		1,082,666
Advance Auto Parts, Inc.		8,030		683,273
American Eagle Outfitters, Inc.		24,760		638,560
Asbury Automotive Group, Inc. (a)		3,100		730,918
Boot Barn Holdings, Inc. (a)(b)		4,560		433,884
Buckle, Inc. (The)		5,380		216,653
Caleres, Inc.		10,210		418,916
Designer Brands, Inc. - Class A		1,570		17,160
Ethan Allen Interiors, Inc. (b)		12,700		439,039
Foot Locker, Inc.		12,600		359,100
GMS, Inc. (a)		7,050		686,247
Group 1 Automotive, Inc. (b)		3,050		891,302
Guess?, Inc.		9,260		291,412
Hibbett, Inc. (b)		5,140		394,803
Kohl's Corp.		13,800		402,270
La-Z-Boy, Inc.		6,970		262,211
MarineMax, Inc. (a)(b)		4,440		147,674
Monro, Inc.		5,420		170,947
National Vision Holdings, Inc. (a)(b)		13,350		295,836
ODP Corp. (The) (a)		7,677		407,265
Sally Beauty Holdings, Inc. (a)(b)		15,060		187,045
Shoe Carnival, Inc. (b)		5,100		186,864
Signet Jewelers Ltd.		5,740		574,402
Urban Outfitters, Inc. (a)		10,750		466,765
Victoria's Secret & Co. (a)(b)		8,400		162,792
				12,246,226
SEMICONDUCTORS - 2.6%
Axcelis Technologies, Inc. (a)(b)		5,580		622,282
Cohu, Inc. (a)		7,270		242,309
CTS Corp.		6,010		281,208
Diodes, Inc. (a)		6,230		439,215
FormFactor, Inc. (a)(b)		11,450		522,463
Kulicke & Soffa Industries, Inc. (b)		9,850		495,553
MaxLinear, Inc. (a)		8,610		160,749

Schedule of Portfolio Investments (Continued)

Praxis Small Cap Index Fund

COMMON STOCKS - 98.3% (Continued)	Shares		Fair Value
SEMICONDUCTORS - 2.6% (Continued)
Photronics, Inc. (a)		16,690	$	472,661
Semtech Corp. (a)		9,730		267,478
SiTime Corp. (a)		1,990		185,528
SMART Global Holdings, Inc. (a)		7,040		185,293
Ultra Clean Holdings, Inc. (a)		7,980		366,601
Veeco Instruments, Inc. (a)		8,620		303,165
				4,544,505
SOFTWARE - 3.7%
ACI Worldwide, Inc. (a)		4,180		138,818
Adeia, Inc.		14,711		160,644
Agilysys, Inc. (a)		6,190		521,569
Astrana Health, Inc. (a)(b)		3,520		147,805
BlackLine, Inc. (a)(b)		3,810		246,050
Box, Inc. - Class A (a)(b)		8,570		242,702
Calix, Inc. (a)		3,790		125,676
Cerence, Inc. (a)		13,940		219,555
Digi International, Inc. (a)(b)		11,930		380,925
Donnelley Financial Solutions, Inc. (a)		6,550		406,166
DoubleVerify Holdings, Inc. (a)		15,840		556,934
Envestnet, Inc. (a)		4,920		284,917
PDF Solutions, Inc. (a)		9,190		309,427
Privia Health Group, Inc. (a)		9,310		182,383
Progress Software Corp.		6,410		341,717
Schrodinger, Inc. (a)		6,200		167,400
Simulations Plus, Inc. (b)		4,350		179,003
SPS Commerce, Inc. (a)		5,620		1,039,138
Verra Mobility Corp. (a)		24,480		611,266
Xperi, Inc. (a)		14,004		168,888
				6,430,983
SPECIALTY FINANCE - 3.2%
Air Lease Corp.		5,180		266,459
Apollo Commercial Real Estate Finance, Inc.		20,490		228,259
Arbor Realty Trust, Inc.		24,230		321,047
ARMOUR Residential REIT, Inc. (b)		13,082		258,631
Blackstone Mortgage Trust, Inc. - Class A (b)		9,500		189,145
Bread Financial Holdings, Inc.		6,590		245,412
Deluxe Corp.		6,430		132,394
Ellington Financial, Inc. (b)		15,050		177,740

Schedule of Portfolio Investments (Continued)

Praxis Small Cap Index Fund

COMMON STOCKS - 98.3% (Continued)	Shares		Fair Value
SPECIALTY FINANCE - 3.2% (Continued)
Encore Capital Group, Inc. (a)(b)		3,150	$	143,671
Enova International, Inc. (a)		7,260		456,146
KKR Real Estate Finance Trust, Inc.		23,160		232,990
Mr. Cooper Group, Inc. (a)		12,710		990,745
New York Mortgage Trust, Inc.		22,582		162,590
PennyMac Mortgage Investment Trust (b)		14,450		212,126
PRA Group, Inc. (a)		6,530		170,302
Ready Capital Corp. (b)		19,700		179,861
Redwood Trust, Inc.		39,870		253,972
Stewart Information Services Corp.		2,460		160,048
Two Harbors Investment Corp.		10,280		136,107
Walker & Dunlop, Inc.		4,340		438,600
World Acceptance Corp. (a)		1,310		189,924
				5,546,169
STEEL - 1.1%
ATI, Inc. (a)(b)		21,650		1,107,830
Carpenter Technology Corp.		6,590		470,658
Metallus, Inc. (a)		17,280		384,480
				1,962,968
TECHNOLOGY HARDWARE - 3.9%
3D Systems Corp. (a)		31,680		140,659
ADTRAN Holdings, Inc.		33,940		184,634
Arlo Technologies, Inc. (a)		33,990		429,973
Benchmark Electronics, Inc.		8,080		242,481
Extreme Networks, Inc. (a)		29,990		346,085
Fabrinet (a)		5,750		1,086,865
Harmonic, Inc. (a)(b)		29,630		398,227
InterDigital, Inc.		6,470		688,796
Knowles Corp. (a)		18,120		291,732
NCR Voyix Corp. (a)		17,530		221,404
NetScout Systems, Inc. (a)		7,500		163,800
Pitney Bowes, Inc.		38,260		165,666
Plexus Corp. (a)		4,900		464,618
Sanmina Corp. (a)		13,090		813,936
Sonos, Inc. (a)		14,860		283,232
TTM Technologies, Inc. (a)		20,020		313,313
Viavi Solutions, Inc. (a)		24,360		221,432

Schedule of Portfolio Investments (Continued)

Praxis Small Cap Index Fund

COMMON STOCKS - 98.3% (Continued)	Shares		Fair Value
TECHNOLOGY HARDWARE - 3.9% (Continued)
Xerox Holdings Corp.		15,110	$	270,469
				6,727,322
TECHNOLOGY SERVICES - 2.0%
CSG Systems International, Inc.		3,400		175,236
DXC Technology Co. (a)		24,950		529,189
EVERTEC, Inc.		10,810		431,319
Green Dot Corp. - Class A (a)		25,360		236,609
Insight Enterprises, Inc. (a)		5,930		1,100,134
LiveRamp Holdings, Inc. (a)		10,470		361,215
Payoneer Global, Inc. (a)		34,870		169,119
Perficient, Inc. (a)		4,700		264,563
Sabre Corp. (a)		118,890		287,714
				3,555,098
TELECOMMUNICATIONS - 0.6%
Cogent Communications Holdings, Inc.		6,670		435,751
EchoStar Corp. - Class A (a)		12,105		172,496
Lumen Technologies, Inc. (a)		162,730		253,859
Telephone and Data Systems, Inc.		11,970		191,759
				1,053,865
TRANSPORTATION & LOGISTICS - 3.0%
Alaska Air Group, Inc. (a)		16,610		714,064
Allegiant Travel Co.		2,520		189,529
ArcBest Corp.		6,890		981,825
Forward Air Corp.		4,570		142,173
Hub Group, Inc. - Class A		18,740		809,943
JetBlue Airways Corp. (a)		27,380		203,160
Marten Transport Ltd.		18,180		335,966
Matson, Inc.		6,440		723,856
RXO, Inc. (a)		6,260		136,906
SkyWest, Inc. (a)		10,660		736,393
Sun Country Airlines Holdings, Inc. (a)		14,580		219,866
				5,193,681
TRANSPORTATION EQUIPMENT - 0.7%
Greenbrier Cos., Inc. (The)		6,020		313,642
Trinity Industries, Inc.		13,430		374,025
Wabash National Corp.		15,190		454,789
				1,142,456

Schedule of Portfolio Investments (Continued)

Praxis Small Cap Index Fund

COMMON STOCKS - 98.3% (Continued)	Shares		Fair Value
WHOLESALE - CONSUMER STAPLES - 1.0%
Andersons, Inc. (The)		20,960	$	1,202,475
Chefs' Warehouse, Inc. (The) (a)		8,340		314,085
United Natural Foods, Inc. (a)		19,810		227,617
				1,744,177
WHOLESALE - DISCRETIONARY - 1.2%
ePlus, Inc. (a)		4,560		358,142
G-III Apparel Group Ltd. (a)		9,060		262,831
Leslie's, Inc. (a)(b)		23,260		151,190
OPENLANE, Inc. (a)		12,030		208,119
ScanSource, Inc. (a)		23,700		1,043,748
				2,024,030
TOTAL COMMON STOCKS (COST $118,323,167)			$	171,559,629

RIGHTS - 0.0% (c)	Shares		Fair Value
MEDICAL EQUIPMENT & DEVICES - 0.0% (c)
OmniAb, Inc. (a)(d)(e)  (COST $0)		2,092	$	1,519

CORPORATE NOTES - 0.8%	Coupon			Maturity	Principal Amount		Fair Value
COMMUNITY DEVELOPMENT - 0.8%
Calvert Impact Capital, Inc. (d)		1.000	%	06/14/24	$	100,000	$	98,691
Calvert Impact Capital, Inc. (d)		3.000	%	06/17/24		60,000		59,433
Calvert Impact Capital, Inc. (d)		3.000	%	12/15/24		90,000		87,825
Calvert Impact Capital, Inc. (d)		2.500	%	06/13/25		150,000		143,805
Calvert Impact Capital, Inc. (d)		2.500	%	12/15/25		280,000		263,712
Calvert Impact Capital, Inc. (d)		4.000	%	06/15/28		180,000		166,071
Calvert Impact Capital, Inc. (d)		5.000	%	12/15/28		220,000		210,094
Capital Impact Partners Investment (d)		5.750	%	06/15/24		180,000		180,103
Capital Impact Partners Investment (d)		5.000	%	12/15/26		200,000		200,206
TOTAL CORPORATE NOTES (COST $1,460,000)							$	1,409,940

Schedule of Portfolio Investments (Continued)

Praxis Small Cap Index Fund

MONEY MARKET FUNDS - 0.4%	Shares		Fair Value
First American Government Obligations Fund - Class X, 5.23% (f)  (COST $709,410)		709,410	$	709,410

INVESTMENT PURCHASED WITH THE CASH PROCEEDS FROM SECURITIES LENDING - 13.8%	Shares		Fair Value
Mount Vernon Liquid Assets Portfolio, LLC, 5.44% (f)(g)  (COST $24,061,837)		24,061,837	$	24,061,837
TOTAL INVESTMENTS - (COST $144,554,414) - 113.2%			$	197,742,335
LIABILITIES IN EXCESS OF OTHER ASSETS - (13.2%)				(23,127,549	)
NET ASSETS - 100.0%			$	174,614,786

(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 March 31, 2024 was $23,696,036.
(c)	Percentage rounds to less than 0.1%.
(d)	Illiquid securities are as follows:

	Acquisition Date	Current Cost		Fair Value		% of Net Assets
Calvert Impact Capital, Inc., 1.000%, 06/14/24	06/15/21	$	100,000	$	98,691		0.1	%
Calvert Impact Capital, Inc., 3.000%, 06/17/24	06/17/19		60,000		59,433		0.0	%(c)
Calvert Impact Capital, Inc., 3.000%, 12/15/24	12/12/19		90,000		87,825		0.1	%
Calvert Impact Capital, Inc., 2.500%, 06/13/25	06/12/20		150,000		143,805		0.1	%
Calvert Impact Capital, Inc., 2.500%, 12/15/25	12/15/20		280,000		263,712		0.1	%
Calvert Impact Capital, Inc., 4.000%, 06/15/28	06/15/23		180,000		166,071		0.1	%
Calvert Impact Capital, Inc., 5.000%, 12/15/28	12/15/23		220,000		210,094		0.1	%
Capital Impact Partners Investment, 5.750%, 06/15/24	06/20/23		180,000		180,103		0.1	%
Capital Impact Partners Investment, 5.000%, 12/15/26	12/15/23		200,000		200,206		0.1	%
OmniAb, Inc.	11/02/22		-		1,519		0.0	%(c)
		$	1,460,000	$	1,411,459		0.8	%

(e)	Security value has been determined in good faith pursuant to procedures adopted by the Board of Trustees. The total value of such securities was $1,519 as of March 31, 2024, representing 0.0% (c)  of net assets.
(f)	The rate shown is the 7-day effective yield as of March 31, 2024.
(g)	The security was purchased with cash collateral received from securities on loan.

plc - Public Liability Company

REIT - Real Estate Investment Trust

Schedule of Portfolio Investments

Praxis Genesis Conservative Portfolio

March 31, 2024 (Unaudited)

AFFILIATED MUTUAL FUNDS - 100.0%	Shares		Fair Value
DEBT FUND - 69.9%
Praxis Impact Bond Fund - Class I		1,841,328	$	17,069,114
EQUITY FUND - 30.1%
Praxis Growth Index Fund - Class I		53,492		2,239,721
Praxis International Index Fund - Class I		169,999		2,198,093
Praxis Small Cap Index Fund - Class I		54,632		626,088
Praxis Value Index Fund - Class I		123,710		2,292,355
				7,356,257
TOTAL AFFILIATED MUTUAL FUNDS (COST $21,833,466)			$	24,425,371

MONEY MARKET FUNDS - 0.0% (a)	Shares		Fair Value
First American Government Obligations Fund - Class X, 5.23% (b)  (COST $6,574)		6,574	$	6,574
TOTAL INVESTMENTS - (COST $21,840,040) - 100.0%			$	24,431,945
OTHER ASSETS IN EXCESS OF LIABILITIES - 0.0% (a)				8,422
NET ASSETS - 100.0%			$	24,440,367

(a)	Percentage rounds to less than 0.1%.
(b)	The rate shown is the 7-day effective yield as of March 31, 2024.

Schedule of Portfolio Investments

Praxis Genesis Balanced Portfolio

March 31, 2024 (Unaudited)

AFFILIATED MUTUAL FUNDS - 100.0%	Shares		Fair Value
DEBT FUND - 39.8%
Praxis Impact Bond Fund - Class I		4,027,796	$	37,337,673
EQUITY FUND - 60.2%
Praxis Growth Index Fund - Class I		354,274		14,833,465
Praxis International Index Fund - Class I		1,301,244		16,825,091
Praxis Small Cap Index Fund - Class I		836,414		9,585,307
Praxis Value Index Fund - Class I		819,143		15,178,722
				56,422,585
TOTAL AFFILIATED MUTUAL FUNDS (COST $69,393,119)			$	93,760,258

MONEY MARKET FUNDS - 0.0% (a)	Shares		Fair Value
First American Government Obligations Fund - Class X, 5.23% (b)  (COST $1,734)		1,734	$	1,734
TOTAL INVESTMENTS - (COST $69,394,853) - 100.0%			$	93,761,992
LIABILITIES IN EXCESS OF OTHER ASSETS - (0.0%) (a)				(39,001	)
NET ASSETS - 100.0%			$	93,722,991

(a)	Percentage rounds to less than 0.1%.
(b)	The rate shown is the 7-day effective yield as of March 31, 2024.

Schedule of Portfolio Investments

Praxis Genesis Growth Portfolio

March 31, 2024 (Unaudited)

AFFILIATED MUTUAL FUNDS - 100.0%	Shares		Fair Value
DEBT FUND - 19.9%
Praxis Impact Bond Fund - Class I		2,331,202	$	21,610,243
EQUITY FUND - 80.1%
Praxis Growth Index Fund - Class I		525,600		22,006,859
Praxis International Index Fund - Class I		2,006,804		25,947,973
Praxis Small Cap Index Fund - Class I		1,452,128		16,641,386
Praxis Value Index Fund - Class I		1,215,244		22,518,475
				87,114,693
TOTAL AFFILIATED MUTUAL FUNDS (COST $73,671,513)			$	108,724,936

MONEY MARKET FUNDS - 0.0% (a)	Shares		Fair Value
First American Government Obligations Fund - Class X, 5.23% (b)  (COST $1,088)		1,088	$	1,088
TOTAL INVESTMENTS - (COST $73,672,601) - 100.0%			$	108,726,024
LIABILITIES IN EXCESS OF OTHER ASSETS - (0.0%) (a)				(19,706	)
NET ASSETS - 100.0%			$	108,706,318

(a)	Percentage rounds to less than 0.1%.
(b)	The rate shown is the 7-day effective yield as of March 31, 2024.