Fund Evaluator:
Praxis International Index A (MPLAX)
Follow This Fund
Best Performing in Foreign Large Blend Over the Last Year
| 35.2% | AB International Strat Eqs Z (STEZX) |
| 32.9% | NYLI WMC International Research Eq Cl I (MYIIX) |
| 31.4% | Nationwide Bailard Intl Eqs M (NWHLX) |
| 31.2% | Goldman Sachs Intl Eq Insghts Inv (GCITX) |
| 31.2% | Vanguard International Core Stock Adm (VZICX) |
Fund Details
Praxis International Index A Overview
Praxis International Index A (MPLAX) is a passively managed International Equity Foreign Large Blend fund. Praxis Investment Management, Inc. launched the fund in 2010.
The investment seeks capital appreciation. The fund invests primarily in equity securities of foreign companies organized under the laws of, headquartered in, or whose common equity securities are principally traded in countries outside the United States. It seeks to generate performance that reflects the performance of a broad representation of both foreign developed and emerging equity markets, as measured by the Morningstar® Global ex-US Target Market Exposure NR USD IndexSM, its benchmark index.
About Praxis International Index A (MPLAX)
There are 3 members of the management team with an average tenure of 7.64 years: Annie Tan (2018), Michael Branch (2017), Brian Ko (2021). Management tenure is more important for actively managed funds than passive index funds.
The fund has 1 primary benchmark: Morningstar Global ex-US TME NR USD index with a weighting of 100%. Praxis International Index A has 466 securities in its portfolio. The top 10 holdings constitute 20.9% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is considered to have an ESG focus with its investment selection and management.
Praxis International Index A is part of the Equity global asset class and is within the International Equity fund group. Praxis International Index A has 97.7% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.9%. There is 97.7% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.5% (0.5% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Praxis International Index A has 0.6% of the portfolio in cash.
Assets Under Management
The fund has $18 million in total assets, which is below the $2 billion average for the Foreign Large Blend category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
MPLAX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Praxis International Index A expense ratio is high compared to funds in the Foreign Large Blend category. Praxis International Index A has an expense ratio of 0.94%, which is the same as its category average, making the fund expense ratio grade a C. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Praxis International Index A has a portfolio turnover rate of 21%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 62% for the Foreign Large Blend category.
Recently, in the month of July 2026, Praxis International Index A returned -1.7%, which earned it a grade of F, as the Foreign Large Blend category had an average return of 0.7%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
Praxis International Index A has a trailing yield of 2.57%, which is above the 2.17% category average. The fund normally distributes its income annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Praxis International Index A Grades
Year to date, the fund has returned 13.9%, 2.3 percentage points better than the category, which translates into a grade of A. The fund has returned 27.4% over the past year (grade of B), 16.7% over the past three years (grade of B) and 8.4% per year over the past five years (grade of C) and 8.6% per year over the past 10 years (grade of D).
For more mutual fund grades, analysis and screening tools to help your investment discovery, join AAII for a $2, full-access trial. Learn more here: https://invest.aaii.com/membership.
Otherwise, for more information about Praxis International Index A, including its riskiness, submit your email to unlock the rest of the article.
Gain access to exclusive AAII member-only content.
MPLAX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| MPLAX Return (NAV) | -1.7% | 5.0% | 27.4% | 16.7% | 8.4% | 8.6% |
| MPLAX Grade | F | B | B | B | C | D |
| +/- Category | -2.4% | 0.6% | 3.2% | 0.9% | -0.0% | -0.5% |
| Foreign Large Blend Avg | 0.7% | 4.4% | 24.2% | 15.9% | 8.4% | 9.1% |
| MPLAX Tax Cost Ratio | na | na | 1.2% | 1.1% | 0.9% | 0.7% |
MPLAX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| MPLAX Return (NAV) | 13.9% | 28.9% | 6.4% | 14.5% | -16.7% | 7.2% | 12.4% | 19.6% | -15.1% | 25.0% | 5.0% |
| MPLAX Grade | A | D | B | D | C | F | B | F | C | D | A |
| +/- Category | 2.3% | -1.6% | 1.6% | -1.7% | -0.3% | -2.9% | 0.6% | -3.4% | 0.1% | -1.4% | 4.0% |
| Foreign Large Blend Avg | 11.6% | 30.5% | 4.9% | 16.2% | -16.4% | 10.2% | 11.8% | 22.9% | -15.2% | 26.4% | 1.0% |
| Risk Measures | |
| Standard Deviation: | 12.7% |
| Total Risk Index: | 1.03 - Average |
| Category Risk Index: | 0.98 - Below Average |
| Category Risk Grade: | B (39% Rank) |
| Beta: | 0.90 |
| R-Squared: | 95% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Blend |
| Bond Investment Style: | na |
| Yield: | 2.6% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | Annually |
| Total Assets: | $665 Mil |
| Fund Total Assets: | $ 18 Mil |
| Share Class Type: | A |
| Portfolio Turnover: | 22% |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 8.9 years | |||
| Average Tenure: 7.6 years | |||
| Managers (Year): Branch Michael (2017), Tan Annie (2018), Ko Brian (2021) | |||
Portfolio Composition (as of 5/31/26)
| # of Holdings: | 466 |
| % in Top 10 Holdings: | 20.9% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 97.7% |
Portfolio Allocation |
|
| Domestic Stock: | 0.9% |
| Foreign Stock: | 97.7% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.5% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.3% |
| Cash: | 0.6% |
Purchase Information
| Fund Family: | Praxis Investment Management, Inc. |
| Phone Number: | 800-977-2947 |
| Website: | www.praxisinvests.com |
| Status: | Open |
| Inception Date: | December 31, 2010 |
| Min. Initial Purchase: | $2,500 |
| Min. Initial IRA Purchase: | $2,500 |
| True No-Load: | No |
| Front Load Maximum: | 5.25% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | 0.25% |
Expenses and Fees | |
| Expense Ratio (%): | 0.94% ( Rating : High ) |
| Category Average Expense Ratio (%): | 0.94% |
| Share Class: | Praxis International Index I |
| Min. Subsequent Purchase: | $ 100 |
| Min. Subsequent IRA Purchase: | $ 100 |
