Schedule of Portfolio Investments
Praxis Impact Bond Fund
March 31, 2021 (Unaudited)
MUNICIPAL BONDS - 1.3%	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	$	1,250,620
City of San Francisco, California, Public Utilities Comm. Water Rev., Series 2019-A		3.303	%		11/01/39		2,500,000		2,643,091
Findlay City School District, Series 2010-B		6.250	%		12/01/37		270,000		270,950
Houston, Texas, Independent School District, Series 2009A-2		6.168	%		02/15/34		1,000,000		1,003,356
Massachusetts St., Series 2016-F		3.277	%		06/01/46		3,100,000		3,327,757
New Jersey St. Housing & Mortgage Finance, Series 2013-C		2.600	%		07/01/23		140,000		142,701
Osceola County Housing Finance Authority Rev., Series 2013-B		3.350	%		07/01/23		105,000		110,857
St. Paul, Minnesota, Housing & Redevelopment Authority Rev., Series 2015-B		2.993	%		07/01/21		1,250,000		1,255,536
TOTAL MUNICIPAL BONDS (COST $9,763,498)								$	10,004,868
CORPORATE BONDS - 36.4%	Coupon			Maturity		Principal Amount		Fair Value
APPAREL & TEXTILE PRODUCTS - 0.1%
Hanesbrands, Inc. (a)		4.625	%		05/15/24	$	500,000	$	530,453
VF Corp.		2.400	%		04/23/25		536,000		558,588
									1,089,041
ASSET MANAGEMENT - 0.1%
Ameriprise Financial, Inc.		3.000	%		04/02/25		730,000		776,405
AUTOMOTIVE - 0.7%
BMW US Capital, LLC (a)		3.800	%		04/06/23		1,000,000		1,063,258
BorgWarner, Inc.		2.650	%		07/01/27		601,000		623,704
Hyundai Capital Services, Inc. (a)		1.250	%		02/08/26		200,000		194,957
Magna International, Inc.		2.450	%		06/15/30		1,250,000		1,251,205
Toyota Motor Credit Corp., Series B		2.900	%		03/30/23		1,735,000		1,820,162
									4,953,286

Schedule of Portfolio Investments (Continued)
Praxis Impact Bond Fund
CORPORATE BONDS - 36.4% (Continued)	Coupon			Maturity		Principal Amount		Fair Value
BANKING - 4.8%
Axis Bank/Dubai Ltd. (a)		2.875	%		06/01/21	$	500,000	$	501,350
Bank of America Corp.		3.499	%		05/17/22		1,000,000		1,003,724
Bank of America Corp.		3.300	%		01/11/23		500,000		525,266
Bank of America Corp.		3.335	%		01/25/23		1,000,000		1,023,914
Bank of America Corp.		4.100	%		07/24/23		1,000,000		1,080,255
Bank of America Corp. (b)		0.981	%		09/25/25		1,500,000		1,495,964
Bank of America Corp. (b)		2.456	%		10/22/25		1,000,000		1,048,365
Bank of America Corp. (c)		4.271	%		07/23/29		1,000,000		1,123,672
Bank of Montreal (b)		3.300	%		02/05/24		1,000,000		1,071,326
Citigroup, Inc.		3.875	%		10/25/23		1,000,000		1,082,079
Citigroup, Inc. (c)		1.678	%		05/15/24		1,250,000		1,274,857
Citigroup, Inc.		3.700	%		01/12/26		1,750,000		1,921,247
Citigroup, Inc. (b) (c)		2.572	%		06/03/30		1,000,000		998,495
ING Groep N.V. (a)		4.625	%		01/06/26		1,250,000		1,416,287
JPMorgan Chase & Co.		0.653	%		09/16/24		1,000,000		1,001,897
JPMorgan Chase & Co.		0.563	%		02/16/25		500,000		496,245
JPMorgan Chase & Co. (b)		3.200	%		06/15/26		2,557,000		2,762,991
JPMorgan Chase & Co.		2.739	%		10/15/30		2,000,000		2,025,824
Key Bank, N.A.		1.250	%		03/10/23		1,750,000		1,777,054
Mitsubishi UFJ Financial Group		2.527	%		09/13/23		1,250,000		1,306,787
National Australia Bank, New York Branch		3.625	%		06/20/23		1,750,000		1,870,942
National Bank of Canada (a)		2.150	%		10/07/22		1,250,000		1,281,170
PNC Bank N.A.		3.500	%		06/08/23		1,285,000		1,365,363
Regions Financial Corp. (b)		2.250	%		05/18/25		1,000,000		1,037,263
Sumitomo Mitsui Financial Group, Inc. (b)		0.508	%		01/12/24		2,000,000		1,990,407
Toronto-Dominion Bank (c)		0.497	%		09/28/23		2,000,000		2,008,057
Truist Financial Corp.		1.250	%		03/09/23		1,750,000		1,779,000
									36,269,801
BEVERAGES - 0.5%
Coca-Cola Co. (The)		3.450	%		03/25/30		500,000		550,416
Coca-Cola Femsa S.A.B. de C.V.		1.850	%		09/01/32		1,000,000		913,900
PepsiCo, Inc. (b)		2.250	%		03/19/25		2,000,000		2,105,372
									3,569,688
BIOTECH & PHARMA - 0.5%
AbbVie, Inc.		2.950	%		11/21/26		500,000		532,357
Gilead Sciences, Inc.		3.650	%		03/01/26		750,000		824,361

Schedule of Portfolio Investments (Continued)
Praxis Impact Bond Fund
CORPORATE BONDS - 36.4% (Continued)	Coupon			Maturity		Principal Amount		Fair Value
BIOTECH & PHARMA - 0.5% (Continued)
Zeneca Wilmington, Inc.		7.000	%		11/15/23	$	1,100,000	$	1,275,788
Zoetis, Inc.		3.250	%		02/01/23		1,200,000		1,250,522
									3,883,028
CABLE & SATELLITE - 0.2%
Comcast Corp.		3.300	%		04/01/27		500,000		544,823
Comcast Corp.		4.750	%		03/01/44		500,000		612,923
Time Warner Cable, Inc.		4.500	%		09/15/42		500,000		533,126
									1,690,872
CHEMICALS - 1.2%
Avery Dennison Corp.		2.650	%		04/30/30		1,250,000		1,256,034
DowDuPont, Inc.		4.493	%		11/15/25		1,500,000		1,694,563
Ecolab, Inc.		4.800	%		03/24/30		140,000		167,363
Ecolab, Inc.		5.500	%		12/08/41		250,000		325,574
Ecolab, Inc.		3.950	%		12/01/47		1,220,000		1,366,493
LG Chemical Ltd. (a)		3.250	%		10/15/24		290,000		313,919
NOVA Chemicals Corp. (a)		5.250	%		08/01/23		500,000		503,125
Nutrien Ltd.		1.900	%		05/13/23		800,000		820,435
Nutrien Ltd.		5.875	%		12/01/36		840,000		1,097,673
Solvay Finance S.A. (a)		4.450	%		12/03/25		1,250,000		1,401,326
									8,946,505
CONSTRUCTION MATERIALS - 0.4%
Carlisle Cos., Inc.		3.500	%		12/01/24		1,250,000		1,354,952
Owens Corning		4.200	%		12/01/24		1,000,000		1,103,585
Owens Corning		3.950	%		08/15/29		300,000		329,927
									2,788,464
CONSUMER SERVICES - 1.9%
Andrew W. Mellon Funding		0.947	%		08/01/27		1,050,000		1,021,350
Conservation Fund, Series 2019		3.474	%		12/15/29		535,000		557,556
Ford Foundation (The), Series 2017		3.859	%		06/01/47		2,485,000		2,806,786
John D. & Catherine T. MacArthur Foundation, Series 2020		1.299	%		12/01/30		1,500,000		1,365,244
Local Initiatives Support Corp.		4.649	%		03/01/37		1,500,000		1,685,280
Massachusetts Institute of Technology		3.959	%		07/01/38		1,500,000		1,744,735
President & Fellows of Harvard College		3.150	%		07/15/46		2,961,000		3,165,398
University of Notre Dame, Series 2017		3.394	%		02/15/48		2,000,000		2,172,988
									14,519,337

Schedule of Portfolio Investments (Continued)
Praxis Impact Bond Fund
CORPORATE BONDS - 36.4% (Continued)	Coupon			Maturity		Principal Amount		Fair Value
CONTAINERS & PACKAGING - 0.4%
CCL Industries, Inc. (a)		3.050	%		06/01/30	$	1,750,000	$	1,771,293
Sonoco Products Co.		5.750	%		11/01/40		1,000,000		1,230,723
									3,002,016
DIVERSIFIED INDUSTRIALS - 0.2%
Illinois Tool Works, Inc.		3.900	%		09/01/42		1,000,000		1,133,054
ELECTRIC UTILITIES - 5.0%
Avangrid, Inc.		3.150	%		12/01/24		1,800,000		1,934,324
Caledonia Generating, LLC (a)		1.950	%		02/28/22		112,314		113,185
Consolidated Edison Co.		3.350	%		04/01/30		1,000,000		1,068,815
DTE Electric Co.		4.050	%		05/15/48		1,750,000		1,976,603
Duke Energy, LLC (b)		3.450	%		03/15/29		1,750,000		1,901,039
Electricite de France S.A. (a)		3.625	%		10/13/25		1,250,000		1,357,559
Enel Finance International N.V. (a)		2.650	%		09/10/24		1,250,000		1,314,727
Florida Power & Light Co.		3.700	%		12/01/47		1,300,000		1,408,873
Georgia Power Co.		3.250	%		04/01/26		1,000,000		1,080,571
Interstate Power & Light Co.		3.600	%		04/01/29		1,250,000		1,362,564
Liberty Utilities Financial Services (a)		2.050	%		09/15/30		355,000		332,357
MidAmerican Energy Co.		3.950	%		08/01/47		1,750,000		1,937,651
Midland Cogeneration Venture, L.P. (a)		5.250	%		03/15/25		111,603		111,937
Midland Cogeneration Venture, L.P. (a)		6.000	%		03/15/25		295,441		306,377
Narragansett Electric Co. (a)		3.395	%		04/09/30		1,500,000		1,594,375
National Rural Utilities		1.350	%		03/15/31		1,000,000		900,038
NextEra Energy Capital Holdings, Inc.		0.650	%		03/01/23		400,000		401,366
Niagara Mohawk Power Corp. (a)		1.960	%		06/27/30		1,500,000		1,432,531
Northern States Power Co.		2.900	%		03/01/50		1,250,000		1,190,060
NSTAR Electric Co.		3.950	%		04/01/30		600,000		673,777
NSTAR Electric Co.		5.500	%		03/15/40		1,250,000		1,616,933
Pacificorp		8.080	%		10/14/22		500,000		550,795
Potomac Electric Power Co.		6.500	%		11/15/37		1,000,000		1,400,800
Public Service Colorado		3.700	%		06/15/28		1,750,000		1,930,559
Puget Energy, Inc.		5.625	%		07/15/22		750,000		788,897
Puget Sound Energy, Inc.		4.223	%		06/15/48		1,000,000		1,117,313
Rochester Gas & Electric Corp. (a)		1.850	%		12/01/30		500,000		469,570
San Diego Gas and Electric Co.		4.500	%		08/15/40		841,000		973,786
Solar Star Funding, LLC (a)		3.950	%		06/30/35		279,346		286,740

Schedule of Portfolio Investments (Continued)
Praxis Impact Bond Fund
CORPORATE BONDS - 36.4% (Continued)	Coupon			Maturity		Principal Amount		Fair Value
ELECTRIC UTILITIES - 5.0% (Continued)
Solar Star Funding, LLC (a)		5.375	%		06/30/35	$	430,467	$	481,675
Southern California Edison		4.050	%		03/15/42		1,165,000		1,206,221
Tenaska Virginia Partners, L.P. (a)		6.119	%		03/30/24		438,900		466,811
Topaz Solar Farms, LLC (a)		4.875	%		09/30/39		250,396		271,910
Topaz Solar Farms, LLC (a)		5.750	%		09/30/39		591,713		675,100
Union Electric Co.		2.625	%		03/15/51		2,000,000		1,762,952
Westar Energy, Inc.		2.550	%		07/01/26		1,292,000		1,353,133
									37,751,924
ELECTRICAL EQUIPMENT - 0.3%
Johnson Controls International plc		3.750	%		12/01/21		14,000		14,140
Johnson Controls International plc (b)		1.750	%		09/15/30		1,000,000		937,158
Legrand S.A.		8.500	%		02/15/25		1,000,000		1,263,922
Roper Technologies, Inc.		2.000	%		06/30/30		440,000		418,737
									2,633,957
FOOD - 1.5%
Campbell Soup Co. (b)		3.950	%		03/15/25		1,500,000		1,647,905
Cargill, Inc. (a)		4.760	%		11/23/45		1,500,000		1,813,500
General Mills, Inc.		4.000	%		04/17/25		1,500,000		1,657,970
Hormel Foods Corp.		1.800	%		06/11/30		2,250,000		2,159,582
Ingredion, Inc.		2.900	%		06/01/30		1,000,000		1,021,572
Kellogg Co.		2.650	%		12/01/23		1,250,000		1,313,069
Mars, Inc. (a)		3.600	%		04/01/34		1,500,000		1,641,265
									11,254,863
FORESTRY, PAPER & WOOD PRODUCTS - 0.2%
Fibria Overseas Finance Ltd.		5.500	%		01/17/27		800,000		912,008
Klabin Finance S.A. (a)		4.875	%		09/19/27		750,000		819,375
									1,731,383
GAS & WATER UTILITIES - 0.4%
American Water Capital Corp.		2.800	%		05/01/30		1,500,000		1,541,588
Brooklyn Union Gas Co. (a)		4.504	%		03/10/46		1,250,000		1,414,329
Indiana Gas Co., Inc.		6.550	%		06/30/28		250,000		305,236
									3,261,153
HEALTH CARE FACILITIES & SERVICES - 0.2%
Kaiser Foundation Hospital		3.150	%		05/01/27		1,500,000		1,635,791

Schedule of Portfolio Investments (Continued)
Praxis Impact Bond Fund
CORPORATE BONDS - 36.4% (Continued)	Coupon			Maturity		Principal Amount		Fair Value
HOME & OFFICE PRODUCTS - 0.2%
Steelcase, Inc.		5.125	%		01/18/29	$	1,000,000	$	1,165,614
HOME CONSTRUCTION - 0.2%
NVR, Inc.		3.950	%		09/15/22		500,000		518,536
NVR, Inc.		3.000	%		05/15/30		1,000,000		1,025,652
									1,544,188
INSTITUTIONAL FINANCIAL SERVICES - 1.8%
Bank of New York Mellon Corp. (The)		3.400	%		05/15/24		650,000		703,497
Bank of New York Mellon Corp. (The), Perpetual Bond (c)		3.659	%		12/29/49		1,000,000		999,783
Brookfield Finance, Inc.		4.250	%		06/02/26		1,570,000		1,767,616
Goldman Sachs Group, Inc.		3.272	%		09/29/25		1,500,000		1,609,130
Goldman Sachs Group, Inc. (c)		4.223	%		05/01/29		1,000,000		1,117,823
Goldman Sachs Group, Inc.		3.800	%		03/15/30		1,500,000		1,651,032
Morgan Stanley (b)		3.125	%		07/27/26		2,000,000		2,154,020
Morgan Stanley, Series GMTN (b)		2.699	%		01/22/31		1,250,000		1,271,026
National Securities Clearing Corp. (a)		1.500	%		04/23/25		1,000,000		1,009,843
State Street Corp.		7.350	%		06/15/26		1,000,000		1,269,606
									13,553,376
INSURANCE - 3.8%
Aflac, Inc.		4.000	%		10/15/46		1,058,000		1,146,408
Athene Global Funding (a)		2.800	%		05/26/23		1,500,000		1,564,691
Five Corners Funding Trust (a)		4.419	%		11/15/23		1,000,000		1,096,817
Horace Mann Educators Corp.		4.500	%		12/01/25		1,235,000		1,343,597
Jackson National Life Global Funding (a) (b)		3.300	%		06/11/21		1,250,000		1,257,037
Kemper Corp.		4.350	%		02/15/25		1,250,000		1,358,880
Marsh & McLennan Cos., Inc.		3.750	%		03/14/26		1,000,000		1,102,065
Massachusetts Mutual Life Insurance Co. (a)		3.375	%		04/15/50		1,500,000		1,462,475
Met Life Global Funding I (a)		1.950	%		01/13/23		500,000		513,507
Met Life Global Funding I (a)		3.600	%		01/11/24		1,750,000		1,887,033
New York Life Global Funding (a)		2.900	%		01/17/24		3,000,000		3,188,801
OneBeacon US Holdings, Inc.		4.600	%		11/09/22		1,000,000		1,055,455
Pacific Life Global Funding II (a)		1.200	%		06/24/25		415,000		413,170
Principal Financial Group, Inc.		3.700	%		05/15/29		1,250,000		1,367,953
Prudential Financial, Inc.		1.500	%		03/10/26		644,000		649,443

Schedule of Portfolio Investments (Continued)
Praxis Impact Bond Fund
CORPORATE BONDS - 36.4% (Continued)	Coupon			Maturity		Principal Amount		Fair Value
INSURANCE - 3.8% (Continued)
Prudential Financial, Inc. (3MO LIBOR + 417.5) (c)		5.875	%		09/15/42	$	750,000	$	791,879
Prudential plc		3.125	%		04/14/30		750,000		790,557
Reliance STD Life Insurance Co. (a)		2.750	%		05/07/25		1,280,000		1,343,309
RLI Corp.		4.875	%		09/15/23		1,000,000		1,088,444
Sammons Financial Group, Inc. (a)		4.450	%		05/12/27		1,200,000		1,271,660
StanCorp Financial Group, Inc.		5.000	%		08/15/22		1,250,000		1,324,578
Teachers Insurance & Annuity Association (a) (c)		4.375	%		09/15/54		2,678,000		2,839,829
									28,857,588
INTERNET MEDIA & SERVICES - 0.1%
Alphabet, Inc. (b)		0.450	%		08/15/25		890,000		874,744
LEISURE FACILITIES & SERVICES - 0.5%
Hyatt Hotels Corp.		3.375	%		07/15/23		1,000,000		1,045,473
Marriott International, Inc.		3.600	%		04/15/24		727,000		773,503
McDonald's Corp., Series MTN (b)		3.500	%		07/01/27		1,000,000		1,099,129
Starbucks Corp.		2.450	%		06/15/26		1,000,000		1,046,707
									3,964,812
MACHINERY - 0.6%
Ingersoll-Rand Global Holding Co. Ltd.		6.391	%		11/15/27		655,000		790,910
John Deere Capital Corp.		1.750	%		03/09/27		250,000		252,331
John Deere Capital Corp.		3.050	%		01/06/28		1,250,000		1,338,594
Xylem, Inc.		1.950	%		01/30/28		1,775,000		1,770,719
									4,152,554
MEDICAL EQUIPMENT & DEVICES - 0.3%
Agilent Technologies, Inc.		3.875	%		07/15/23		1,250,000		1,332,142
Alcon Finance Corp. (a)		2.600	%		05/27/30		1,250,000		1,252,568
									2,584,710
PERSONAL PRODUCTS - 0.1%
Estée Lauder Cos., Inc. (The)		2.600	%		04/15/30		1,000,000		1,029,645
PIPELINES - 0.3%
Northern Natural Gas Co. (a)		4.100	%		09/15/42		1,000,000		1,050,470
ONEOK Partners, L.P.		4.900	%		03/15/25		1,042,000		1,157,053
									2,207,523

Schedule of Portfolio Investments (Continued)
Praxis Impact Bond Fund
CORPORATE BONDS - 36.4% (Continued)	Coupon			Maturity		Principal Amount		Fair Value
REITS - 1.9%
Agree Ltd. Partnership		2.900	%		10/01/30	$	650,000	$	654,196
Boston Properties, L.P.		4.500	%		12/01/28		1,250,000		1,414,895
Camden Property Trust		2.800	%		05/15/30		500,000		512,552
Duke Realty Trust, L.P.		2.875	%		11/15/29		1,500,000		1,538,326
ERP Operating, L.P.		4.150	%		12/01/28		1,250,000		1,404,064
ESSEX Portfolio, L.P.		2.650	%		03/15/32		1,500,000		1,474,647
Federal Realty Investment Trust		1.250	%		02/15/26		515,000		508,291
Kilroy Realty Corp.		2.500	%		11/15/32		1,750,000		1,642,025
Lexington Realty Trust		2.700	%		09/15/30		500,000		487,680
Mid-America Apartment Communities, Inc.		3.950	%		03/15/29		1,750,000		1,929,990
Regency Centers, L.P.		3.750	%		06/15/24		1,000,000		1,072,798
UDR, Inc.		1.900	%		03/15/33		1,000,000		900,757
Vornado Realty, L.P.		3.500	%		01/15/25		567,000		597,467
									14,137,688
RETAIL - CONSUMER STAPLES - 0.3%
Kroger Co. (The)		5.000	%		04/15/42		1,000,000		1,204,350
Target Corp. (b)		2.250	%		04/15/25		1,000,000		1,047,331
									2,251,681
RETAIL - DISCRETIONARY - 0.6%
ERAC USA Finance, LLC (a)		2.700	%		11/01/23		1,250,000		1,311,474
Lowe's Cos., Inc.		4.650	%		04/15/42		1,000,000		1,181,361
Lowe's Cos., Inc.		3.000	%		10/15/50		500,000		464,192
Macy's Retail Holdings, Inc.		9.500	%		04/15/21		45,000		45,081
TJX Cos., Inc. (The)		3.500	%		04/15/25		1,250,000		1,362,172
									4,364,280
SEMICONDUCTORS - 0.5%
Intel Corp.		3.400	%		03/25/25		300,000		326,352
Intel Corp.		3.734	%		12/08/47		1,361,000		1,461,720
Maxim Integrated Products, Inc.		3.375	%		03/15/23		500,000		523,531
NVIDIA Corp. (b)		2.850	%		04/01/30		500,000		524,738
Texas Instruments, Inc. (b)		1.375	%		03/12/25		1,000,000		1,017,081
									3,853,422
SOFTWARE - 0.5%
Microsoft Corp. (b)		2.525	%		06/01/50		4,000,000		3,642,719

Schedule of Portfolio Investments (Continued)
Praxis Impact Bond Fund
CORPORATE BONDS - 36.4% (Continued)	Coupon			Maturity		Principal Amount		Fair Value
SPECIALTY FINANCE - 1.4%
AerCap Ireland Capital Ltd.		5.000	%		10/01/21	$	1,000,000	$	1,021,582
American Express Credit Corp. (b)		3.000	%		10/30/24		1,000,000		1,073,361
BlueHub Loan Fund, Inc.		3.099	%		01/01/30		1,030,000		977,511
Community Preservation Corp. (The)		2.867	%		02/01/30		1,750,000		1,733,017
Fidelity National Financial, Inc.		5.500	%		09/01/22		725,000		774,082
Fidelity National Financial, Inc.		3.400	%		06/15/30		500,000		521,504
GATX Corp.		4.350	%		02/15/24		300,000		328,476
Low Income Investment Fund		3.386	%		07/01/26		115,000		121,844
USAA Capital Corp. (a)		1.500	%		05/01/23		1,000,000		1,021,553
USAA Capital Corp. (a)		2.125	%		05/01/30		3,000,000		2,942,152
									10,515,082
STEEL - 0.4%
Nucor Corp.		4.125	%		09/15/22		1,025,000		1,068,294
Nucor Corp.		2.000	%		06/01/25		460,000		471,735
Reliance Steel & Aluminum Co.		4.500	%		04/15/23		1,105,000		1,178,425
									2,718,454
TECHNOLOGY HARDWARE - 0.7%
Apple, Inc.		2.850	%		02/23/23		1,250,000		1,305,222
Apple, Inc. (b)		3.000	%		06/20/27		1,000,000		1,081,729
Apple, Inc.		2.650	%		05/11/50		1,000,000		906,103
Apple, Inc.		2.650	%		02/08/51		1,000,000		910,811
Xerox Corp.		4.070	%		03/17/22		750,000		762,353
									4,966,218
TECHNOLOGY SERVICES - 1.2%
Experian Financial plc (a)		2.750	%		03/08/30		635,000		644,452
Genpact Luxembourg S.A.R.L.		3.700	%		04/01/22		1,100,000		1,127,427
IBM Corp.		3.300	%		05/15/26		1,000,000		1,088,807
Mastercard, Inc.		3.300	%		03/26/27		197,000		216,432
Moody's Corp.		3.250	%		05/20/50		500,000		483,756
RELX Capital, Inc. (b)		3.500	%		03/16/23		1,500,000		1,580,037
S&P Global, Inc.		4.000	%		06/15/25		1,163,000		1,290,098
Verisk Analytics, Inc.		5.800	%		05/01/21		960,000		963,560
Visa, Inc.		0.750	%		08/15/27		1,770,000		1,698,273
									9,092,842
TELECOMMUNICATIONS - 0.8%
AT&T, Inc.		5.250	%		03/01/37		500,000		602,081

Schedule of Portfolio Investments (Continued)
Praxis Impact Bond Fund
CORPORATE BONDS - 36.4% (Continued)	Coupon			Maturity		Principal Amount		Fair Value
TELECOMMUNICATIONS - 0.8% (Continued)
AT&T, Inc. (b)		4.750	%		05/15/46	$	1,500,000	$	1,714,378
Verizon Communications, Inc. (b)		3.875	%		02/08/29		1,000,000		1,111,789
Verizon Communications, Inc.		1.500	%		09/18/30		1,000,000		917,208
Verizon Communications, Inc. (a)		2.987	%		10/30/56		1,799,000		1,582,302
									5,927,758
TRANSPORTATION & LOGISTICS - 1.3%
British Airways, Series 2013-1 (a)		4.625	%		12/20/25		469,600		487,116
Burlington Northern Santa Fe, LLC		5.750	%		05/01/40		1,000,000		1,335,584
Canadian Pacific Railway		2.050	%		03/05/30		1,750,000		1,689,422
Mexico City Airport Trust (a)		4.250	%		10/31/26		497,000		528,063
Norfolk Southern Corp.		4.837	%		10/01/41		1,000,000		1,213,951
Norfolk Southern Corp.		3.050	%		05/15/50		1,500,000		1,407,791
Penske Truck Leasing (a) (b)		3.450	%		07/01/24		1,250,000		1,346,742
TTX Co. (a)		4.600	%		02/01/49		280,000		332,153
United Parcel Services, Inc. (b)		3.900	%		04/01/25		1,500,000		1,659,491
									10,000,313
WHOLESALE - CONSUMER STAPLES - 0.3%
Bunge Ltd. Finance Corp.		1.630	%		08/17/25		395,000		395,013
Sysco Corp.		2.400	%		02/15/30		1,750,000		1,736,407
									2,131,420
TOTAL CORPORATE BONDS (COST $261,001,764)								$	274,427,199
CORPORATE NOTES - 0.9%	Coupon			Maturity		Principal Amount		Fair Value
COMMUNITY DEVELOPMENT - 0.9%
Calvert Social Investment Foundation, Inc. (d)		2.000	%		06/15/22	$	980,000	$	980,000
Calvert Social Investment Foundation, Inc. (d)		3.000	%		06/15/23		1,650,000		1,650,000
Calvert Social Investment Foundation, Inc. (d)		3.000	%		12/15/23		950,000		950,000
Calvert Social Investment Foundation, Inc. (d)		3.000	%		06/17/24		980,000		980,000
Calvert Social Investment Foundation, Inc. (d)		3.000	%		12/15/24		400,000		400,000
Calvert Social Investment Foundation, Inc. (d)		2.500	%		06/13/25		1,400,000		1,397,200

Schedule of Portfolio Investments (Continued)
Praxis Impact Bond Fund
CORPORATE NOTES - 0.9% (Continued)	Coupon			Maturity		Principal Amount		Fair Value
COMMUNITY DEVELOPMENT - 0.9% (Continued)
Calvert Social Investment Foundation, Inc. (d)		2.500	%		12/15/25	$	650,000	$	650,000
TOTAL CORPORATE NOTES (COST $7,010,000)								$	7,007,200

FOREIGN GOVERNMENTS - 9.5%	Coupon			Maturity		Principal Amount		Fair Value
FOREIGN AGENCY - 2.1%
Banco Nacional de Costa Rica (a)		5.875	%		04/25/21	$	325,000	$	325,000
BNG Bank N.V. (a)		3.125	%		11/08/21		1,500,000		1,526,580
BNG Bank N.V. (a)		1.500	%		10/16/24		1,500,000		1,546,224
BNG Bank N.V. (a)		0.500	%		11/24/25		2,000,000		1,956,356
KFW		2.000	%		11/30/21		1,000,000		1,012,263
KFW		2.000	%		09/29/22		1,500,000		1,540,141
Kommunalbanken A.S. (a)		2.125	%		02/11/25		1,000,000		1,053,440
Kommunivest I Sverige AB (a)		1.875	%		06/01/21		2,000,000		2,005,383
Kommunivest I Sverige AB (a)		0.375	%		06/19/24		500,000		497,967
Municipality Finance plc (a)		1.375	%		09/21/21		1,000,000		1,005,454
Nederlandse Waterschapsbank N.V. (a)		2.125	%		11/15/21		1,500,000		1,517,538
Nederlandse Waterschapsbank N.V. (a)		3.125	%		12/05/22		1,500,000		1,571,634
									15,557,980
SUPRANATIONAL - 7.4%
African Development Bank		3.000	%		12/06/21		1,463,000		1,490,930
African Development Bank		0.750	%		04/03/23		3,000,000		3,029,019
Asian Development Bank		1.875	%		08/10/22		3,036,000		3,104,844
Asian Development Bank		2.125	%		03/19/25		1,000,000		1,055,188
Asian Development Bank		3.125	%		09/26/28		1,000,000		1,107,413
Central American Bank for Economic Development (a)		1.140	%		02/09/26		1,200,000		1,190,460
European Bank for Reconstruction & Development		1.875	%		07/15/21		1,500,000		1,507,189
European Bank for Reconstruction & Development		1.625	%		09/27/24		1,250,000		1,294,886
European Bank for Reconstruction & Development		1.500	%		02/13/25		200,000		206,030
European Investment Bank		2.500	%		10/15/24		1,000,000		1,067,550
European Investment Bank (a)		2.875	%		06/13/25		1,000,000		1,088,237

Schedule of Portfolio Investments (Continued)
Praxis Impact Bond Fund
FOREIGN GOVERNMENTS - 9.5% (Continued)	Coupon			Maturity		Principal Amount		Fair Value
SUPRANATIONAL - 7.4% (Continued)
European Investment Bank		2.125	%		04/13/26	$	1,000,000	$	1,054,252
European Investment Bank		2.375	%		05/24/27		4,000,000		4,268,680
Inter-American Development Bank		3.000	%		09/26/22		2,000,000		2,081,860
Inter-American Development Bank		0.875	%		04/03/25		3,000,000		3,015,873
Inter-American Development Bank		4.375	%		01/24/44		3,000,000		3,881,512
International Bank for Reconstruction & Development		0.250	%		11/24/23		7,000,000		6,980,540
International Bank for Reconstruction & Development		2.125	%		03/03/25		500,000		527,992
International Bank for Reconstruction & Development		0.625	%		04/22/25		1,000,000		995,786
International Bank for Reconstruction & Development		3.125	%		11/20/25		1,000,000		1,098,488
International Development Association (a)		2.750	%		04/24/23		5,000,000		5,253,800
International Development Association (a)		0.375	%		09/23/25		2,000,000		1,946,600
International Finance Corp., Series GMTN		2.000	%		10/24/22		2,000,000		2,055,411
International Finance Corp., Series GMTN		0.500	%		03/20/23		2,500,000		2,508,117
International Finance Corp.		2.125	%		04/07/26		3,000,000		3,158,340
Nordic Investment Bank		2.250	%		09/30/21		1,000,000		1,010,151
									55,979,148
TOTAL FOREIGN GOVERNMENTS (COST $69,752,267)								$	71,537,128
COMMERCIAL MORTGAGE-BACKED SECURITIES - 0.3%	Coupon			Maturity		Principal Amount		Fair Value
Commercial Mortgage Pass-Through Certificates, Class A-3		3.391	%		05/17/45	$	813,792	$	826,721
Commercial Mortgage Pass-Through Certificates, Class A-3		2.853	%		10/17/45		993,930		1,019,219
TOTAL COMMERCIAL MORTGAGE-BACKED SECURITIES (COST $1,841,634)								$	1,845,940

Schedule of Portfolio Investments (Continued)
Praxis Impact Bond Fund
U.S. GOVERNMENT AGENCIES - 45.3%	Coupon			Maturity		Principal Amount		Fair Value
DEVELOPMENT FINANCE CORPORATION - 0.7%
DFC		0.000	%		06/21/23	$	1,000,000	$	1,083,180
DFC (c)		0.130	%		09/15/26		916,667		916,667
DFC		3.280	%		09/15/29		929,418		1,042,665
DFC		3.540	%		06/15/30		544,128		615,441
DFC		3.520	%		09/20/32		821,429		915,370
DFC		3.820	%		06/01/33		854,795		972,663
									5,545,986
FEDERAL HOME LOAN BANK - 5.2%
FHLB		3.250	%		11/16/28		12,500,000		14,060,890
FHLB		5.500	%		07/15/36		17,120,000		24,676,254
									38,737,144
FEDERAL HOME LOAN MORTGAGE CORPORATION - 9.3%
FHLMC		5.000	%		12/01/21		5,887		6,177
FHLMC		5.500	%		04/01/22		1,936		1,949
FHLMC		4.000	%		11/01/24		114,755		122,154
FHLMC		0.375	%		09/23/25		6,000,000		5,886,620
FHLMC		4.000	%		10/01/25		58,192		61,965
FHLMC		2.875	%		04/25/26		3,000,000		3,219,949
FHLMC		6.000	%		04/01/27		70,943		79,695
FHLMC		2.500	%		10/01/27		399,558		417,338
FHLMC		2.738	%		04/25/29		2,382,927		2,542,879
FHLMC (c)		2.412	%		08/25/29		3,670,000		3,824,975
FHLMC		7.000	%		02/01/30		16,751		16,811
FHLMC		7.500	%		07/01/30		90,723		103,803
FHLMC		1.487	%		11/25/30		2,500,000		2,408,227
FHLMC (c)		2.000	%		01/25/31		3,000,000		3,023,610
FHLMC		7.000	%		03/01/31		33,624		38,952
FHLMC		6.250	%		07/15/32		1,550,000		2,233,495
FHLMC		3.000	%		11/01/32		560,427		591,185
FHLMC		3.000	%		11/01/32		769,081		811,295
FHLMC		5.500	%		11/01/33		34,357		40,190
FHLMC (H15T5Y + 223.1) (c)		2.731	%		05/01/34		14,251		14,291
FHLMC (H15T5Y + 223.1) (c)		2.731	%		05/01/34		38,124		40,016
FHLMC		1.783	%		06/25/34		2,084,061		1,916,542
FHLMC		5.000	%		07/01/35		68,789		80,069
FHLMC		4.500	%		10/01/35		112,464		125,369

Schedule of Portfolio Investments (Continued)
Praxis Impact Bond Fund
U.S. GOVERNMENT AGENCIES - 45.3% (Continued)	Coupon			Maturity		Principal Amount		Fair Value
FEDERAL HOME LOAN MORTGAGE CORPORATION - 9.3% (Continued)
FHLMC		5.500	%		03/01/36	$	31,447	$	36,830
FHLMC		5.500	%		06/01/36		42,316		49,555
FHLMC		6.000	%		06/01/36		31,703		36,218
FHLMC		5.500	%		12/01/36		36,308		42,568
FHLMC		6.000	%		08/01/37		20,227		24,163
FHLMC		5.000	%		03/01/38		185,084		215,431
FHLMC		4.500	%		06/01/39		206,796		233,257
FHLMC		5.000	%		06/01/39		285,856		332,761
FHLMC		4.500	%		07/01/39		189,630		212,777
FHLMC		4.500	%		11/01/39		176,440		197,978
FHLMC		4.500	%		09/01/40		276,061		307,607
FHLMC		4.500	%		05/01/41		537,512		598,833
FHLMC		4.500	%		07/01/41		583,064		651,723
FHLMC		5.000	%		09/01/41		256,736		298,787
FHLMC		3.500	%		10/01/41		329,435		355,953
FHLMC		4.000	%		10/01/41		318,897		351,516
FHLMC		3.500	%		02/01/42		518,408		560,299
FHLMC		4.000	%		02/01/42		147,236		161,567
FHLMC		3.500	%		06/01/42		605,583		654,720
FHLMC		3.500	%		06/01/42		633,372		684,983
FHLMC		3.500	%		08/01/42		682,558		737,946
FHLMC		3.000	%		11/01/42		1,274,104		1,355,220
FHLMC		3.000	%		01/01/43		695,790		737,102
FHLMC		3.000	%		05/01/43		1,002,264		1,066,089
FHLMC		3.500	%		10/01/44		666,428		716,527
FHLMC		3.500	%		11/01/44		593,073		637,446
FHLMC		3.500	%		04/01/45		752,170		807,438
FHLMC		3.000	%		05/01/46		1,288,253		1,356,273
FHLMC		3.000	%		12/01/46		2,641,641		2,789,250
FHLMC		3.500	%		03/01/48		3,034,603		3,273,163
FHLMC		3.500	%		03/01/49		1,196,178		1,262,312
FHLMC		3.500	%		07/01/49		2,016,497		2,127,226
FHLMC		3.000	%		07/01/50		4,715,192		4,925,686
FHLMC		2.000	%		08/01/50		4,429,608		4,421,438

Schedule of Portfolio Investments (Continued)
Praxis Impact Bond Fund
U.S. GOVERNMENT AGENCIES - 45.3% (Continued)	Coupon			Maturity		Principal Amount		Fair Value
FEDERAL HOME LOAN MORTGAGE CORPORATION - 9.3% (Continued)
FHLMC		2.500	%		04/01/51	$	10,000,000	$	10,264,037
									70,092,235
FEDERAL NATIONAL MORTGAGE ASSOCIATION - 29.3%
FNMA		5.500	%		06/01/22		4,599		4,650
FNMA		2.890	%		07/01/22		2,249,576		2,294,528
FNMA		2.000	%		10/05/22		3,500,000		3,597,565
FNMA		2.190	%		01/01/23		1,872,232		1,912,951
FNMA		2.670	%		12/01/23		2,311,172		2,429,900
FNMA (c)		2.553	%		07/25/24		2,975,129		3,130,420
FNMA		2.625	%		09/06/24		5,750,000		6,179,012
FNMA		2.890	%		12/01/24		4,000,000		4,167,267
FNMA		3.080	%		12/01/24		2,214,070		2,380,633
FNMA		2.710	%		01/01/25		4,500,000		4,646,676
FNMA		5.000	%		04/01/25		41,468		45,823
FNMA		0.500	%		06/17/25		10,000,000		9,900,219
FNMA		5.000	%		07/01/25		32,103		35,493
FNMA		3.500	%		10/01/25		60,465		64,500
FNMA		5.000	%		10/01/25		45,913		50,765
FNMA		5.500	%		11/01/25		13		14
FNMA		0.500	%		11/07/25		4,500,000		4,429,579
FNMA		4.000	%		03/01/26		254,521		271,602
FNMA		2.910	%		04/01/26		3,000,000		3,186,560
FNMA		2.125	%		04/24/26		2,000,000		2,114,460
FNMA (c)		2.254	%		07/25/26		1,320,856		1,358,943
FNMA		8.500	%		09/01/26		7,028		7,093
FNMA		2.500	%		09/01/27		480,028		501,296
FNMA		2.746	%		09/25/27		233,162		239,201
FNMA		0.750	%		10/08/27		10,000,000		9,623,299
FNMA		2.500	%		11/01/27		724,583		756,710
FNMA		2.500	%		01/01/28		481,301		502,648
FNMA (c)		2.802	%		01/25/28		4,469,046		4,781,763
FNMA (c)		2.945	%		03/25/28		813,978		872,032
FNMA		3.430	%		06/25/28		2,000,000		2,224,775
FNMA		0.875	%		08/05/30		43,500,000		40,188,911

Schedule of Portfolio Investments (Continued)
Praxis Impact Bond Fund
U.S. GOVERNMENT AGENCIES - 45.3% (Continued)	Coupon			Maturity		Principal Amount		Fair Value
FEDERAL NATIONAL MORTGAGE ASSOCIATION - 29.3% (Continued)
FNMA		6.625	%		11/15/30	$	6,750,000	$	9,624,364
FNMA		1.561	%		11/25/30		3,000,000		2,870,943
FNMA		1.383	%		12/25/30		5,000,000		4,735,235
FNMA		2.000	%		01/01/32		1,848,112		1,901,363
FNMA		3.000	%		12/01/32		818,620		856,727
FNMA		6.000	%		10/01/33		28,014		33,473
FNMA		5.500	%		02/01/34		33,430		39,082
FNMA (H15T5Y + 211.7) (c)		3.309	%		05/01/34		28,909		29,086
FNMA		6.000	%		11/01/34		79,590		95,013
FNMA		5.500	%		01/01/35		44,902		52,512
FNMA		2.500	%		02/01/35		2,305,823		2,399,180
FNMA		5.000	%		10/01/35		63,039		73,282
FNMA		5.500	%		10/01/35		85,081		99,600
FNMA		6.000	%		10/01/35		45,781		54,603
FNMA		5.500	%		06/01/36		25,306		29,603
FNMA		6.000	%		06/01/36		20,624		24,327
FNMA		5.500	%		11/01/36		33,500		39,269
FNMA (12MO LIBOR + 156.5) (c)		3.420	%		05/01/37		26,394		26,273
FNMA		5.625	%		07/15/37		2,750,000		4,039,790
FNMA		4.500	%		09/01/40		170,787		190,186
FNMA		4.500	%		10/01/40		173,908		193,492
FNMA		4.000	%		12/01/40		438,545		481,054
FNMA		4.000	%		01/01/41		304,930		335,517
FNMA		3.500	%		02/01/41		440,391		475,567
FNMA		4.000	%		10/01/41		251,315		275,638
FNMA		4.000	%		11/01/41		262,953		289,282
FNMA		4.000	%		12/01/41		332,437		365,748
FNMA		4.000	%		12/01/41		591,811		648,968
FNMA		4.000	%		01/01/42		911,255		1,017,625
FNMA		3.500	%		05/01/42		536,955		580,300
FNMA		3.000	%		06/01/42		914,459		967,412
FNMA		3.000	%		08/01/42		768,612		812,951
FNMA		3.000	%		08/01/42		775,685		824,598
FNMA		3.500	%		12/01/42		956,272		1,039,338
FNMA		3.000	%		06/01/43		845,260		895,021

Schedule of Portfolio Investments (Continued)
Praxis Impact Bond Fund
U.S. GOVERNMENT AGENCIES - 45.3% (Continued)	Coupon			Maturity		Principal Amount		Fair Value
FEDERAL NATIONAL MORTGAGE ASSOCIATION - 29.3% (Continued)
FNMA		4.000	%		12/01/44	$	1,187,659	$	1,314,747
FNMA		3.500	%		05/01/45		1,261,683		1,363,339
FNMA		3.000	%		04/01/46		1,154,599		1,212,818
FNMA		3.500	%		11/01/46		1,870,316		2,007,094
FNMA		4.000	%		10/01/48		1,281,616		1,374,692
FNMA		4.000	%		11/01/48		2,296,247		2,560,315
FNMA		3.500	%		05/01/49		1,103,200		1,164,458
FNMA		4.000	%		06/01/49		1,718,989		1,843,079
FNMA		3.500	%		08/01/49		3,974,687		4,195,451
FNMA		3.000	%		09/01/49		2,014,619		2,097,955
FNMA		3.000	%		09/01/49		2,035,488		2,122,661
FNMA		3.000	%		06/01/50		3,737,360		3,893,465
FNMA		2.500	%		07/01/50		4,898,228		5,027,559
FNMA		2.500	%		08/01/50		3,413,799		3,503,936
FNMA		3.000	%		08/01/50		6,567,592		6,845,945
FNMA		2.000	%		11/01/50		6,832,706		6,817,290
FNMA		2.000	%		01/01/51		11,875,519		11,848,844
FNMA		2.000	%		02/01/51		6,955,446		6,939,740
FNMA		2.500	%		04/01/51		6,000,000		6,158,422
									220,607,520
GOVERNMENT NATIONAL MORTGAGE ASSOCIATION - 0.0% (e)
GNMA		7.000	%		12/20/30		12,322		14,324
GNMA		7.000	%		10/20/31		8,963		10,613
GNMA		7.000	%		03/20/32		37,944		45,453
GNMA (c)		3.000	%		01/20/34		29,573		30,920
GNMA		5.500	%		10/20/38		5,428		5,931
GNMA		6.500	%		11/20/38		5,198		5,937
									113,178
SMALL BUSINESS ADMINISTRATION - 0.0% (e)
SBA (Prime - 2.65) (c)		0.600	%		02/25/32		117,975		116,951
UNITED STATES AGENCY OF INTERNATIONAL DEVELOPMENT - 0.7%
Hashemite Kingdom of Jordan AID Bond		3.000	%		06/30/25		1,450,000		1,555,899
Iraq AID Bond		2.149	%		01/18/22		1,500,000		1,521,929

Schedule of Portfolio Investments (Continued)
Praxis Impact Bond Fund
U.S. GOVERNMENT AGENCIES - 45.3% (Continued)	Coupon			Maturity		Principal Amount		Fair Value
UNITED STATES AGENCY OF INTERNATIONAL DEVELOPMENT - 0.7% (Continued)
Ukraine Government AID Bond		1.471	%		09/29/21	$	2,000,000	$	2,010,196
									5,088,024
UNITED STATES DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT - 0.1%
United States Department of Housing and Urban Development		2.350	%		08/01/21		1,000,000		1,007,670
TOTAL U.S. GOVERNMENT AGENCIES (COST $334,195,519)								$	341,308,708

ASSET BACKED SECURITIES - 1.7%	Coupon			Maturity		Principal Amount		Fair Value
Ahold Finance U.S.A., LLC		8.620	%		01/02/25	$	403,159	$	448,514
Domino's Pizza Master Issuer, LLC (a)		3.082	%		07/25/47		1,451,250		1,453,557
Mastercard Credit Trust (a) (c)		1.990	%		09/21/24		4,000,000		4,123,427
SBA Tower Trust (a)		3.448	%		03/15/48		1,250,000		1,316,247
SBA Tower Trust (a)		2.836	%		01/15/50		282,000		294,405
SolarCity LMC, Series I, LLC (a)		4.800	%		12/20/26		411,872		439,387
SolarCity LMC, Series IV, LLC (a)		4.180	%		08/21/45		196,517		207,887
Spruce ABS Trust (a) (d)		4.320	%		06/15/28		22,560		22,743
Textainer Marine Containers VII (a)		1.680	%		02/20/46		1,490,000		1,448,936
TIF Funding II, LLC (a)		1.650	%		02/20/46		493,542		475,207
Triton Container Finance (a) (c)		1.860	%		03/20/46		1,750,000		1,706,956
Wendy's Funding, LLC (a)		3.783	%		06/15/49		718,125		757,513
TOTAL ASSET BACKED SECURITIES (COST $12,653,992)								$	12,694,779

Schedule of Portfolio Investments (Continued)
Praxis Impact Bond Fund
MONEY MARKET FUNDS - 4.5%	Shares		Fair Value
First American Government Obligations Fund - Class X, 0.04% (f) (COST $33,724,848)		33,724,848	$	33,724,848
COLLATERAL FOR SECURITIES LOANED - 3.5%	Shares		Fair Value
Mount Vernon Liquid Assets Portfolio, LLC, 0.11% (f) (g) (COST $26,209,043)		26,209,043	$	26,209,043
INVESTMENT COMPANIES - 0.5%	Shares		Fair Value
Pax High Yield Bond Fund - Institutional Class (COST $4,199,236)		530,984	$	3,642,549
TOTAL INVESTMENTS - (COST $760,351,801) - 103.9%			$	782,402,262
LIABILITIES IN EXCESS OF OTHER ASSETS - (3.9%)				(29,396,183	)
NET ASSETS - 100.0%			$	753,006,079

^(a) 144a security may only be resold to qualified institutional investors. These securities were deemed liquid under guidelines established by the Board of Trustees. At March 31, 2021, these securities were valued at $88,958,616 or 11.8% of net assets.

^(b) All or a portion of the security is on loan. The total value of the securities on loan as of March 31, 2021 was $25,683,939.

^(c) Variable rate security. Interest rate resets periodically. The rate shown is the effective interest rate as of March 31, 2021. For securities based on a published reference rate and spread, the reference rate and spread (in basis points) are indicated parenthetically. Certain variable rate securities are not based on a published reference rate and spread but are determined by the issuer or agent and are based on current market conditions. These securities, therefore, do not indicate a reference rate and spread.

^(d) Restricted and/or illiquid securities not registered under the Securities Act of 1933 are as follows:

	Acquisition	Current		Fair		% of Net
	Date	Cost		Value		Assets
Calvert Social Investment Foundation, Inc. 2.000%, 06/15/22	06/17/19	$	980,000	$	980,000		0.1	%
Calvert Social Investment Foundation, Inc. 3.000%, 06/15/23	06/18/18		1,650,000		1,650,000		0.2	%
Calvert Social Investment Foundation, Inc. 3.000%, 12/15/23	12/17/18		950,000		950,000		0.1	%
Calvert Social Investment Foundation, Inc. 3.000%, 06/17/24	06/17/19		980,000		980,000		0.1	%
Calvert Social Investment Foundation, Inc. 3.000%, 12/13/24	12/12/19		400,000		400,000		0.1	%
Calvert Social Investment Foundation, Inc. 2.500%, 06/13/25	06/12/20		1,400,000		1,397,200		0.2	%
Calvert Social Investment Foundation, Inc. 2.500%, 12/15/25	12/15/20		650,000		650,000		0.1	%
Spruce ABS Trust, 4.320%, 06/15/28	06/17/16		22,558		22,743		0.0	%(e)
		$	7,032,558	$	7,029,943		0.9	%

^(e) Percentage rounds to less than 0.1%.

^(f) The rate shown is the 7-day effective yield as of March 31, 2021.

^(g) The security was purchased with cash collateral held from securities on loan.

GTMN – Global Medium-Term Note

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

LIBOR - London Interbank Offered Rate

plc - Public Liability Company

Schedule of Portfolio Investments
Praxis International Index Fund
March 31, 2021 (Unaudited)
COMMON STOCKS - 98.0%	Shares		Fair Value
AUSTRALIA - 4.2%
Australia & New Zealand Banking Group Ltd.		40,646	$	870,037
Brambles Ltd.		40,548		325,862
Coles Group Ltd.		13,802		167,847
Commonwealth Bank of Australia		18,009		1,177,801
CSL Ltd.		3,640		731,733
CSL Ltd. - ADR		7,282		737,302
Dexus		119,299		883,528
Fortescue Metals Group Ltd.		43,722		663,884
Goodman Group		44,189		608,207
GPT Group (The)		53,628		187,382
Macquarie Group Ltd.		2,144		248,893
Macquarie Group Ltd. - ADR		2,747		320,905
National Australia Bank Ltd.		36,653		723,872
Origin Energy Ltd.		117,789		419,621
REA Group Ltd.		2,913		313,626
Scentre Group		175,279		375,455
SEEK Ltd. (a)		32,750		709,231
Sydney Airport (a)		57,629		270,964
Transurban Group		68,739		695,483
Vicinity Centres		245,277		308,343
Wesfarmers Ltd.		24,534		981,546
Woodside Petroleum Ltd.		88,567		1,614,590
Woolworths Group Ltd.		28,598		887,809
Worley Ltd.		26,610		212,031
				14,435,952
AUSTRIA - 0.2%
Raiffeisen Bank International AG		7,739		169,932
Verbund AG		8,891		646,239
				816,171
BELGIUM - 0.2%
KBC Group N.V.		5,709		414,956
Umicore S.A.		6,207		329,124
				744,080
BERMUDA - 0.3%
China Gas Holdings Ltd.		64,200		263,030

Schedule of Portfolio Investments (Continued)
Praxis International Index Fund
COMMON STOCKS - 98.0% (Continued)	Shares		Fair Value
BERMUDA - 0.3% (Continued)
Credicorp Ltd. (b)		6,296	$	859,845
				1,122,875
BRAZIL - 1.3%
Banco Bradesco S.A. - ADR		178,855		840,618
Banco do Brasil S.A. - ADR		54,197		293,206
Banco Santander Brasil S.A. - ADR (b)		119,591		843,116
Cia de Saneamento Basico do Estado de Sao Paulo - ADR		39,723		291,170
Companhia Brasileira de Distribuicao - ADR		17,197		100,086
Gerdau S.A. - ADR		79,331		423,627
Natura & Co. Holding S.A. - ADR (a)		18,044		306,568
Sendas Distribuidora S.A. - ADR (a)		17,197		223,561
Suzano S.A. - ADR (a)		45,940		561,387
Telefónica Brasil S.A. - ADR		51,502		405,321
TIM S.A. - ADR		14,714		167,004
				4,455,664
CANADA - 6.7%
Bank of Montreal		12,001		1,069,529
Bank of Nova Scotia (The)		14,814		926,616
Canadian Imperial Bank of Commerce		13,450		1,316,352
Canadian National Railway Co.		15,841		1,837,239
Canadian Pacific Railway Ltd.		3,750		1,422,338
CGI, Inc. (a)		8,100		674,082
Franco-Nevada Corp.		16,739		2,097,229
Gildan Activewear, Inc. (a)		18,362		562,979
Kinross Gold Corp.		43,918		292,933
Manulife Financial Corp.		75,463		1,622,454
Methanex Corp.		15,712		578,202
Open Text Corp.		11,725		559,400
Restaurant Brands International, Inc.		11,589		753,285
Ritchie Bros. Auctioneers, Inc.		9,384		549,433
Royal Bank of Canada		32,068		2,956,990
Shaw Communications, Inc. - Class B		25,631		672,045
Sun Life Financial, Inc.		11,714		592,143
Teck Resources Ltd. - Class B		44,613		855,677
Thomson Reuters Corp.		20,428		1,788,880
Toronto-Dominion Bank (The)		24,696		1,610,426

Schedule of Portfolio Investments (Continued)
Praxis International Index Fund
COMMON STOCKS - 98.0% (Continued)	Shares		Fair Value
CANADA - 6.7% (Continued)
Wheaton Precious Metals Corp.		14,533	$	555,306
				23,293,538
CAYMAN ISLANDS - 8.8%
51job, Inc. - ADR (a)		2,904		181,790
Alibaba Group Holdings Ltd. - ADR (a)		29,023		6,580,385
Autohome, Inc. - ADR (b)		2,433		226,926
Baidu, Inc. - ADR (a)		5,628		1,224,371
BeiGene Ltd. - ADR (a)		1,977		688,154
China Literature Ltd. (a)		47,000		465,229
ENN Energy Holdings Ltd.		40,000		641,633
GDS Holdings Ltd. - ADR (a) (b)		4,644		376,582
Genscript Biotech Corp. (a)		190,000		334,349
HUYA, Inc. - ADR (a) (b)		7,824		152,412
JD.com, Inc. - ADR (a) (b)		15,448		1,302,730
JOYY, Inc. - ADR (b)		3,526		330,492
Kingdee International Software Group Co. Ltd.		100,000		310,011
Lee & Man Paper Manufacturing Ltd.		287,000		263,966
Logan Group Co. Ltd.		182,000		306,693
Momo, Inc. - ADR		20,848		307,300
NetEase, Inc. - ADR (b)		10,792		1,114,382
New Oriental Education & Technology Group, Inc. - ADR (a)		114,652		1,605,128
Noah Holdings Ltd. - ADR (a)		6,771		300,632
Shenzhou International Group Holdings Ltd.		48,000		994,712
Sunny Optical Technology Group Co. Ltd.		25,000		569,855
TAL Education Group - ADR (a)		21,085		1,135,427
Tencent Holdings Ltd. - ADR (b)		87,007		6,943,159
Tencent Music Entertainment Group - ADR (a)		20,209		414,082
Trip.com Group Ltd. - ADR (a)		14,521		575,467
Vipshop Holdings Ltd. - ADR (a) (b)		15,804		471,908
Weibo Corp. - ADR (a)		6,782		342,220
WuXi Biologics Cayman, Inc. (a)		108,000		1,352,447
Zai Lab Ltd. (a)		2,031		270,996
ZTO Express Cayman, Inc. - ADR		19,738		575,363
				30,358,801
CHILE - 0.3%
Embotelladora Andina S.A. - Class B - ADR		5,550		87,136

Schedule of Portfolio Investments (Continued)
Praxis International Index Fund
COMMON STOCKS - 98.0% (Continued)	Shares		Fair Value
CHILE - 0.3% (Continued)
Enel Americas S.A. - ADR (b)		53,811	$	456,317
Sociedad Quimica y Minera de Chile S.A. - ADR		11,292		599,266
				1,142,719
CHINA - 3.2%
Agricultural Bank of China Ltd. - H Shares		1,300,000		520,073
ANTA Sports Products Ltd.		56,000		913,414
Bilibili, Inc. - ADR (a) (b)		5,148		551,145
China Life Insurance Co. Ltd. - H Shares		99,000		204,523
China Merchants Bank Co. Ltd. - H Shares		82,820		632,290
China Minsheng Banking Corp. Ltd. - H Shares		1,348,500		782,326
China Pacific Insurance Group Co. Ltd. - H Shares		84,600		333,550
China Vanke Co. Ltd. - H Shares		149,574		585,874
Guangshen Railway Co. Ltd. - ADR		8,098		80,089
Haier Smart Home Co. Ltd. - H Shares (a)		241,230		965,055
Industrial & Commercial Bank of China Ltd. - H Shares		508,000		364,635
iQIYI, Inc. - ADR (a) (b)		7,795		129,553
Jiangsu Expressway Co. Ltd. - H Shares		272,000		338,692
Ping An Insurance Group Co. of China Ltd. - ADR		42,425		1,020,321
Ping An Insurance Group Co. of China Ltd. - H Shares		75,318		896,676
Sinopharm Group Co. Ltd. - H Shares		376,000		910,265
TravelSky Technology Ltd. - H Shares		116,000		271,277
Weichai Power Co. Ltd. - H Shares		111,000		274,148
Yum China Holdings, Inc.		24,828		1,470,066
				11,243,972
COLOMBIA - 0.2%
Bancolombia S.A. - ADR		24,053		769,455
DENMARK - 1.6%
Coloplast A/S - Series B		3,561		535,431
DSV Panalpina A/S		4,551		892,845
Genmab A/S (a)		932		306,629
Novo Nordisk A/S - ADR (b)		30,237		2,038,579
Orsted A/S		4,053		654,580
Pandora A/S (a)		2,532		271,264
Vestas Wind Systems A/S		4,203		862,670
				5,561,998

Schedule of Portfolio Investments (Continued)
Praxis International Index Fund
COMMON STOCKS - 98.0% (Continued)	Shares		Fair Value
FINLAND - 0.4%
Neste OYJ		9,891	$	524,814
Nokia Corp. - ADR (a)		74,531		295,143
UPM-Kymmene OYJ		14,351		515,324
				1,335,281
FRANCE - 6.5%
Accor S.A. (a)		7,593		286,273
Air Liquide S.A.		8,862		1,447,218
Air Liquide S.A. - ADR		2		65
AXA S.A.		56,647		1,519,773
AXA S.A. - ADR		16,705		452,037
Capgemini SE		2,481		422,032
Capgemini SE - ADR		6,425		218,900
Cie de Saint-Gobain (a)		10,059		593,398
Cie Generale des Etablissements Michelin SCA - ADR		18,110		542,757
Cie Generale des Etablissements Michelin SCA		1,074		160,722
CNP Assurances		24,456		464,750
Covivio		5,514		471,890
Danone S.A.		5,973		409,637
Danone S.A. - ADR		29,620		407,275
Dassault Systemes SE		3,059		654,117
Dassault Systemes SE - ADR		745		159,773
Edenred		10,192		532,183
EssilorLuxottica S.A.		4,430		721,108
Faurecia SE (a)		3,770		200,787
Gecina S.A.		2,427		334,033
Groupe Bruxelles Lambert S.A.		6,989		723,153
Henkel AG & Co. KGaA		1,277		126,428
Hermes International		830		918,546
Kering S.A.		1,378		950,868
Klepierre S.A.		13,620		317,507
Legrand S.A.		10,029		932,591
L'Oreal S.A.		1,380		528,703
L'Oreal S.A. - ADR		21,745		1,666,537
Orange S.A.		14,823		182,551
Publicis Groupe S.A.		8,339		508,747
Renault S.A. (a)		6,593		285,439

Schedule of Portfolio Investments (Continued)
Praxis International Index Fund
COMMON STOCKS - 98.0% (Continued)	Shares		Fair Value
FRANCE - 6.5% (Continued)
Sartorius Sedim Biotech		1,319	$	543,063
Schneider Electric SE		9,145		1,396,408
Solvay S.A.		2,892		360,059
Teleperformance		1,454		529,781
TUI AG (a)		48,894		247,049
Unibail-Rodamco-Westfield (a)		3,126		250,446
Unibail-Rodamco-Westfield - CDI (a)		45,646		185,497
Valeo S.A.		9,422		319,995
Vivendi S.A.		17,630		578,710
Vivendi S.A. - ADR		5,023		165,106
Wendel SE		2,330		289,270
Worldline S.A. (a)		7,655		641,118
				22,646,300
GERMANY - 4.8%
adidas AG (a)		1,323		412,875
adidas AG - ADR (a)		2,402		377,138
Allianz SE - ADR		76,050		1,945,359
Allianz SE		880		223,920
BASF SE		2,739		227,469
Bayerische Moteren Werke AG - ADR		2		69
Continental AG		4,866		642,905
Covestro AG		7,156		481,038
Daimler AG		18,669		1,663,576
Deutsche Boerse AG		3,878		644,212
Deutsche Post AG - ADR		14,832		813,980
Deutsche Post AG		10,161		556,532
Deutsche Telekom AG		25,629		515,885
Deutsche Telekom AG - ADR		30,009		607,382
Deutsche Wohnen SE		532		24,810
Fraport AG Frankfurt Airport Services Worldwide		10,208		620,498
Infineon Technologies AG		8,718		369,519
Infineon Technologies AG - ADR		12,109		515,722
Merck KGaA		2,316		395,865
Muenchener Rueckversicherungs-Gesellschaft AG		1,787		550,136
Muenchener Rueckversicherungs-Gesellschaft AG - ADR		18,890		582,379
Siemens AG		14,082		2,311,231

Schedule of Portfolio Investments (Continued)
Praxis International Index Fund
COMMON STOCKS - 98.0% (Continued)	Shares		Fair Value
GERMANY - 4.8% (Continued)
Siemens Energy AG (a)		7,041	$	252,667
Symrise AG		4,190		507,909
Vonovia SE		21,049		1,374,478
				16,617,554
HONG KONG - 2.9%
AAC Technologies Holdings, Inc.		77,923		392,426
AIA Group Ltd.		57,569		698,330
AIA Group Ltd. - ADR		36,278		1,780,887
BYD Electronic International Co. Ltd.		21,500		125,561
China Conch Venture Holdings Ltd.		149,591		703,321
China Evergrande Group		85,000		161,823
Geely Automobile Holdings Ltd.		90,000		228,997
Hong Kong Exchanges & Clearing Ltd.		26,978		1,587,327
Lenovo Group Ltd.		770,000		1,095,485
Link REIT		95,500		869,755
Sino Land Co. Ltd.		168,000		233,828
Sun Art Retail Group Ltd.		161,000		131,718
Swire Properties Ltd.		206,350		638,381
Techtronic Industries Co. Ltd.		24,500		419,159
Wharf Holdings Ltd. (The)		166,000		439,882
Zhongsheng Group Holdings Ltd. (a)		70,000		493,445
				10,000,325
HUNGARY - 0.0% (c)
MOL Hungarian Oil & Gas plc - ADR (a)		6,368		25,472
INDIA - 2.9%
Dr. Reddy's Laboratories Ltd. - ADR		14,524		891,628
HDFC Bank Ltd. - ADR (a)		30,589		2,376,459
ICICI Bank Ltd. - ADR (a)		144,722		2,319,894
Infosys Ltd. - ADR (b)		131,713		2,465,667
Vedanta Ltd. - ADR		55,906		702,739
Wipro Ltd. - ADR		206,072		1,306,497
				10,062,884
INDONESIA - 0.6%
Bank Mandiri Persero Tbk PT - ADR		87,101		736,874

Schedule of Portfolio Investments (Continued)
Praxis International Index Fund
COMMON STOCKS - 98.0% (Continued)	Shares		Fair Value
INDONESIA - 0.6% (Continued)
Telekomunikasi Indonesia Persero Tbk PT - ADR		50,040	$	1,182,946
				1,919,820
IRELAND - 0.4%
CRH plc - ADR		14,500		681,210
Kingspan Group plc		2,144		181,725
Smurfit Kappa Group plc		10,442		491,618
				1,354,553
ISRAEL - 0.5%
Check Point Software Technologies Ltd. (a)		4,857		543,838
CyberArk Software Ltd. (a)		2,299		297,353
ICL Group Ltd.		39,641		230,314
Nice Ltd. - ADR (a) (b)		2,630		573,261
				1,644,766
ITALY - 1.2%
Assicurazioni Generali S.p.A.		41,464		829,280
Enel S.p.A.		148,245		1,476,020
Intesa Sanpaolo S.p.A. (a)		199,542		540,494
Mediobanca Banca di Credito Finanziario S.p.A. (a)		29,677		328,987
Moncler S.p.A. (a)		7,061		404,538
Telecom Italia S.p.A.		326,619		176,596
Terna Rete Elettrica Nazionale S.p.A.		10,136		76,501
UniCredit S.p.A.		37,450		395,706
				4,228,122
JAPAN - 15.4%
Advantest Corp.		4,800		419,619
Aeon Co. Ltd.		14,100		420,088
AGC, Inc.		10,000		418,138
Alfresa Holdings Corp.		8,500		163,738
Asahi Kasei Corp.		50,000		575,504
Astellas Pharma, Inc.		35,100		539,517
Azbil Corp.		7,700		331,354
Bridgestone Corp.		28,756		1,162,144
Brothers Industries Ltd.		13,702		303,048
Canon, Inc.		34,400		777,448
Chugai Pharmaceutical Co. Ltd.		14,700		595,944
Coca-Cola Bottlers Japan Holdings, Inc.		9,400		163,756

Schedule of Portfolio Investments (Continued)
Praxis International Index Fund
COMMON STOCKS - 98.0% (Continued)	Shares		Fair Value
JAPAN - 15.4% (Continued)
Dai Nippon Printing Co. Ltd.		61,618	$	1,290,467
Dai-ichi Life Holdings, Inc.		16,346		280,776
Daiichi Sankyo Co. Ltd.		23,430		682,402
Daiichi Sankyo Co. Ltd. - ADR		5,703		167,697
Daiwa House Industry Co. Ltd.		17,000		497,584
Denso Corp.		10,000		663,512
East Japan Railway Co. - ADR		5,418		64,420
East Japan Railway Co.		6,029		426,820
FANUC Corp. - ADR		14,250		343,532
FANUC Corp.		1,200		283,774
Fast Retailing Co. Ltd.		1,000		795,907
FUJIFILM Holdings Corp.		1,500		89,015
FUJIFILM Holdings Corp. - ADR		8,601		513,480
Fujitsu Ltd.		1,044		150,855
Honda Motor Co. Ltd		17,400		521,549
Honda Motor Co. Ltd. - ADR		1,011		30,532
Hoya Corp. - ADR		1,273		151,551
Hoya Corp.		6,861		805,817
Kao Corp.		14,000		924,618
KDDI Corp. - ADR		43,814		678,679
Keyence Corp.		5,000		2,269,956
Kubota Corp.		24,000		546,090
Kubota Corp. - ADR		5,277		606,433
Kyocera Corp.		8,900		564,644
Lixil Corp.		15,100		419,335
M3, Inc.		11,200		765,790
Marubeni Corp.		91,000		756,738
Marui Group Co. Ltd.		9,500		178,368
Mitsubishi Corp.		30,400		859,323
Mitsubishi Estate Co. Ltd.		8,000		139,620
Mitsubishi UFJ Financial Group, Inc.		117,760		629,271
Mitsubishi UFJ Financial Group, Inc. - ADR		10,860		58,427
Mitsui & Co. Ltd.		27,090		563,187
Mitsui & Co. Ltd. - ADR		1,204		507,474
Mitsui OSK Lines Ltd.		16,000		559,926
Mizuho Financial Group, Inc.		60,120		868,173

Schedule of Portfolio Investments (Continued)
Praxis International Index Fund
COMMON STOCKS - 98.0% (Continued)	Shares		Fair Value
JAPAN - 15.4% (Continued)
Murata Manufacturing Co. Ltd.		12,900	$	1,030,099
Murata Manufacturing Co. Ltd. - ADR		916		18,466
Nexon Co. Ltd.		10,300		333,941
Nidec Corp. - ADR		34,780		1,064,964
Nikon Corp.		13,000		121,513
Nintendo Co. Ltd.		300		167,463
Nintendo Co. Ltd. - ADR (b)		14,840		1,050,672
Nippon Prologis REIT, Inc.		166		532,950
Nippon Telegraph & Telephone Corp.		12,900		331,095
Nomura Holdings, Inc.		65,900		346,018
Nomura Real Estate Master Fund, Inc.		222		333,614
Nomura Research Institute Ltd.		10,200		315,500
Omron Corp.		7,900		616,424
Oriental Land Co. Ltd.		2,960		444,418
Pan Pacific International Holdings Corp.		9,295		219,177
Recruit Holdings Co. Ltd.		20,650		1,007,240
Ricoh Co. Ltd.		36,000		365,433
Secom Co. Ltd.		2,880		242,226
Seibu Holdings, Inc. (a)		40,300		444,021
Sekisui House Ltd.		8,000		171,518
Sekisui House Ltd. - ADR (b)		21,690		469,914
Seven & i Holdings Co. Ltd.		17,400		701,318
Shimadzu Corp.		17,000		614,880
Shimano, Inc.		2,084		496,397
Shin-Etsu Chemical Co. Ltd.		6,100		1,025,215
Shiseido Co. Ltd.		2,100		140,760
Shiseido Co. Ltd. - ADR (b)		7,565		511,999
SMC Corp.		678		393,774
SoftBank Group Corp.		14,400		1,213,341
SoftBank Group Corp. - ADR (b)		12,750		542,640
Sony Group Corp. - ADR		23,139		2,452,965
Sumitomo Corp.		23,254		331,183
Sumitomo Metal Mining Co. Ltd.		8,000		345,275
Sumitomo Mitsui Trust Holdings, Inc.		11,000		383,359
Suzuken Co. Ltd.		7,100		277,321
Sysmex Corp.		1,700		183,082

Schedule of Portfolio Investments (Continued)
Praxis International Index Fund
COMMON STOCKS - 98.0% (Continued)	Shares		Fair Value
JAPAN - 15.4% (Continued)
Takeda Pharmaceutical Co. Ltd.		14,800	$	532,634
TDK Corp.		3,800		526,095
Terumo Corp.		10,972		396,256
Tokyo Electron Ltd.		1,900		802,870
Tokyo Electron Ltd. - ADR		1,464		159,942
Toppan Printing Co. Ltd.		62,000		1,047,061
Toray Industries, Inc.		50,000		321,731
TOTO Ltd.		4,000		245,645
Toyota Motor Corp. - ADR		11,838		1,847,438
Unicharm Corp.		7,700		323,009
USS Co. Ltd.		15,320		299,402
Wacoal Holdings Corp. - ADR		1,316		145,089
Welcia Holdings Co. Ltd.		8,094		277,770
Yamaha Corp.		3,877		210,431
Yamaha Motor Co. Ltd.		29,800		729,599
Yaskawa Electric Corp.		6,600		328,423
Yokogawa Electric Corp.		19,600		360,744
Z Holdings Corp.		36,079		179,403
				53,499,757
JERSEY - 0.7%
Experian plc - ADR (b)		11,145		384,168
Ferguson plc		508		60,700
Ferguson plc - ADR (b)		5,680		682,338
Glencore plc (a)		248,450		973,518
WPP plc		34,966		443,733
				2,544,457
LUXEMBOURG - 0.6%
ArcelorMittal S.A. - ADR (a) (b)		21,319		621,875
Aroundtown S.A.		56,076		399,040
Tenaris S.A.		35,185		396,481
Tenaris S.A. - ADR		26,739		606,708
				2,024,104
MEXICO - 0.9%
Coca-Cola Femsa S.A.B. de C.V. - ADR		8,455		390,621
Fomento Economico Mexicano S.A.B. de C.V. - ADR		12,658		953,527
Grupo Aeroportuario del Pacifico S.A.B. de C.V. - ADR (a)		2,661		279,911

Schedule of Portfolio Investments (Continued)
Praxis International Index Fund
COMMON STOCKS - 98.0% (Continued)	Shares		Fair Value
MEXICO - 0.9% (Continued)
Grupo Aeroportuario del Sureste S.A.B. de C.V. - ADR (a)		2,464	$	438,074
Grupo Televisa S.A.B. - ADR (a)		39,194		347,259
Wal-Mart de Mexico S.A.B. de C.V. - ADR		26,577		840,365
				3,249,757
NETHERLANDS - 3.2%
Adyen N.V. (a)		349		778,806
Akzo Nobel N.V. - ADR		9,200		344,540
ASML Holding N.V. - ADR		6,611		4,081,367
ING Groep N.V.		12,870		157,397
ING Groep N.V. - ADR		40,673		497,431
Koninklijke Ahold Delhaize N.V.		5,491		152,885
Koninklijke Ahold Delhaize N.V. - ADR		24,466		682,846
Koninklijke DSM N.V.		4,332		732,834
Koninklijke Philips N.V. (a)		16,004		912,708
Prosus N.V. (a)		5,540		615,700
Prosus N.V. - ADR		4,090		90,921
QIAGEN N.V. (a)		7,847		382,071
Stellantis N.V.		42,053		743,446
STMicroelectronics N.V. - ADR (b)		14,434		553,255
Wolters Kluwer N.V.		5,108		443,851
				11,170,058
NORWAY - 1.2%
Equinor ASA - ADR		158,981		3,093,770
Mowi ASA		10,838		268,870
Norsk Hydro ASA		112,833		722,349
				4,084,989
PAPUA NEW GUINEA - 0.2%
Oil Search Ltd.		189,182		589,173
PHILIPPINES - 0.2%
PLDT, Inc. - ADR		20,806		544,285
PORTUGAL - 0.4%
EDP - Energias de Portugal S.A.		50,604		288,912
Galp Energia SGPS S.A.		95,484		1,110,435
				1,399,347

Schedule of Portfolio Investments (Continued)
Praxis International Index Fund
COMMON STOCKS - 98.0% (Continued)	Shares		Fair Value
RUSSIA - 0.2%
Mobile TeleSystems PJSC - ADR		86,910	$	724,829
SINGAPORE - 1.0%
BOC Aviation Ltd.		49,200		476,563
CapitaLand Integrated Commercial Trust		359,120		579,342
CapitaLand Ltd.		183,000		511,534
City Developments Ltd. (a)		64,000		379,681
DBS Group Holdings Ltd. - ADR		11,392		984,611
Keppel REIT		737		668
Venture Corp. Ltd.		30,000		447,392
				3,379,791
SOUTH AFRICA - 1.3%
FirstRand Ltd.		201,574		704,815
Gold Fields Ltd. - ADR		10,896		103,403
Impala Platinum Holdings Ltd. - ADR (b)		34,408		646,010
Mr Price Group Ltd.		46,588		610,976
MultiChoice Group Ltd.		36,500		318,814
Naspers Ltd. - Class N - ADR		40,960		1,964,032
Standard Bank Group Ltd.		37,092		315,140
				4,663,190
SOUTH KOREA - 3.1%
KB Financial Group, Inc. - ADR (b)		40,933		2,023,318
Korea Electric Power Corp. - ADR (b)		70,644		724,808
KT Corp. - ADR (b)		64,555		803,064
LG Display Co. Ltd. - ADR (b)		32,327		322,947
POSCO - ADR		29,742		2,147,372
Shinhan Financial Group Co. Ltd. - ADR		51,274		1,719,730
SK Telecom Co. Ltd. - ADR (b)		70,837		1,928,892
Woori Financial Group, Inc. - ADR		39,921		1,081,859
				10,751,990
SPAIN - 2.0%
Aena SME S.A. (a)		1,340		217,259
Amadeus IT Group S.A. (a)		9,206		651,651
Cellnex Telecom S.A.		3,788		218,043
Iberdrola S.A.		45,814		589,996
Iberdrola S.A. - ADR		16,749		866,057

Schedule of Portfolio Investments (Continued)
Praxis International Index Fund
COMMON STOCKS - 98.0% (Continued)	Shares		Fair Value
SPAIN - 2.0% (Continued)
Industria de Diseno Textil S.A.		35,166	$	1,158,458
Naturgy Energy Group S.A.		12,657		310,119
Repsol S.A.		140,542		1,739,887
Repsol S.A. - ADR		6,104		75,812
Siemens Gamesa Renewable Energy S.A.		14,962		578,835
Telefónica S.A.		75,459		337,663
Telefónica S.A. - ADR		34,242		155,116
				6,898,896
SWEDEN - 2.1%
Assa Abloy AB - Class B		14,650		421,061
Atlas Copco AB - A Shares		8,922		543,101
Atlas Copco AB - Class A - ADR		10,074		615,723
Boliden AB		25,785		956,634
Essity AB - Series B (b)		12,219		386,030
Hennes & Mauritz AB - B Shares (a)		19,185		432,225
Hexagon AB - B Shares		8,347		769,987
Kinnevik AB - Class B (a)		17,337		842,922
Sandvik AB (a)		17,709		483,836
Sandvik AB - ADR (a)		13,048		357,502
Svenska Cellulosa AB S.C.A. - Class B		16,418		290,551
Svenska Handelsbanken AB - A Shares		31,804		345,461
Telefonaktiebolaget LM Ericsson - B Shares		60,032		794,303
				7,239,336
SWITZERLAND - 5.7%
ABB Ltd. - ADR		33,452		1,019,283
Adecco Group AG		3,938		265,189
Adecco Group AG - ADR		4,982		167,296
Barry Callebaut AG		265		598,959
Coca-Cola HBC AG		6,858		218,381
Credit Suisse Group AG		51,770		542,439
Credit Suisse Group AG - ADR (b)		11,870		125,822
Geberit AG		2,043		1,300,547
Givaudan S.A.		272		1,048,235
Groupe Bruxelles Lambert S.A.		2,460		253,989
LafargeHolcim Ltd.		8,532		501,426
Logitech International S.A. (b)		5,434		567,853

Schedule of Portfolio Investments (Continued)
Praxis International Index Fund
COMMON STOCKS - 98.0% (Continued)	Shares		Fair Value
SWITZERLAND - 5.7% (Continued)
Lonza Group AG		1,788	$	999,724
Lonza Group AG - ADR		1,070		59,588
Nestlé S.A. - ADR		36,016		4,016,144
Partners Group Holding AG		644		822,513
Roche Holding AG - ADR		82,968		3,365,182
Sika AG		852		243,418
Swatch Group AG (The)		828		238,226
Swiss Re AG		6,096		599,640
Swisscom AG		1,946		1,044,000
UBS Group AG		2		31
UBS Group AG		22,324		345,712
Zurich Insurance Group AG		492		210,015
Zurich Insurance Group AG - ADR		24,700		1,060,371
				19,613,983
TAIWAN - 4.9%
ASE Industrial Holding Co. Ltd. - ADR		126,937		977,415
AU Optronics Corp. - ADR (a)		157,981		1,184,857
Chunghwa Telecom Co. Ltd. - ADR		81,619		3,194,568
Taiwan Semiconductor Manufacturing Co. Ltd. - ADR		89,014		10,528,576
United Microelectronics Corp. - ADR		114,499		1,043,086
				16,928,502
TURKEY - 0.2%
Turkcell Iletisim Hizmetleri A.S. - ADR (b)		127,033		593,244
UNITED KINGDOM - 7.5%
3i Group plc		68,813		1,094,190
Antofagasta plc		47,452		1,105,140
Ashtead Group plc		11,037		658,328
AstraZeneca plc - ADR (b)		42,278		2,102,062
Aviva plc		62,051		349,161
Berkeley Group Holdings plc (The)		7,006		428,610
British Land Co. plc (The)		62,287		433,261
BT Group plc (a)		130,919		279,369
Burberry Group plc (a)		13,434		351,577
Coca-Cola European Partners plc		9,316		485,923
Compass Group plc (a)		35,682		718,874

Schedule of Portfolio Investments (Continued)
Praxis International Index Fund
COMMON STOCKS - 98.0% (Continued)	Shares		Fair Value
UNITED KINGDOM - 7.5% (Continued)
GlaxoSmithKline plc - ADR (b)		54,084	$	1,930,258
Halma plc		17,839		583,789
HSBC Holdings plc - ADR		41,784		1,217,586
Informa plc (a)		99,047		764,326
InterContinental Hotels Group plc (a)		732		50,201
InterContinental Hotels Group plc - ADR (a)		4,765		328,308
ITV plc		307,997		510,123
Kingfisher plc (a)		106,863		468,887
Land Securities Group plc		22,749		216,379
Legal & General Group plc		210,040		808,102
Lloyds Banking Group plc (a)		437,921		256,741
Lloyds Banking Group plc - ADR (a)		2,891		6,707
London Stock Exchange Group plc		7,929		758,547
Mondi plc		17,385		443,354
National Grid plc - ADR		2,629		155,742
Ocado Group plc (a)		11,653		326,894
PEARSON plc		41,697		443,393
PEARSON plc - ADR		11,827		126,431
Prudential plc - ADR (b)		17,512		747,587
Reckitt Benckiser Group plc		3,212		287,713
Reckitt Benckiser Group plc - ADR		46,685		849,200
RELX plc		58,665		1,471,012
RELX plc - ADR		12,882		324,111
Rentokil Initial plc (a)		62,540		417,606
Sage Group plc (The)		33,781		285,362
Sage Group plc (The) - ADR		2,320		79,854
Segro plc		65,385		844,904
Tesco plc		36,317		114,568
Tesco plc - ADR		23,629		224,003
Unilever plc - ADR		36,649		2,046,114
Vodafone Group plc - ADR (b)		39,744		732,482
				25,826,779
TOTAL COMMON STOCKS (Cost $211,388,395)			$	339,506,769

Schedule of Portfolio Investments (Continued)
Praxis International Index Fund
RIGHTS - 0.0% (c)	Shares		Fair Value
CHILE - 0.0% (c)
Sociedad Quimica y Minera de Chile S.A. (a) (Cost $2,108)		2,104	$	6,522

CORPORATE NOTES - 0.8%	Coupon			Maturity		Par Value		Fair Value
COMMUNITY DEVELOPMENT - 0.8%
Calvert Social Investment Foundation, Inc. (d)		2.000	%		06/15/22	$	290,000	$	290,000
Calvert Social Investment Foundation, Inc. (d)		3.000	%		06/15/23		870,000		870,000
Calvert Social Investment Foundation, Inc. (d)		3.000	%		12/15/23		480,000		480,000
Calvert Social Investment Foundation, Inc. (d)		3.000	%		06/17/24		290,000		290,000
Calvert Social Investment Foundation, Inc. (d)		3.000	%		12/15/24		120,000		120,000
Calvert Social Investment Foundation, Inc. (d)		2.500	%		06/13/25		500,000		499,000
Calvert Social Investment Foundation, Inc. (d)		2.500	%		12/15/25		400,000		400,000
TOTAL CORPORATE NOTES (Cost $2,950,000)								$	2,949,000
MONEY MARKET FUNDS - 0.7%						Shares		Fair Value
First American Government Obligations Fund - Class X, 0.04% (e) (Cost $2,350,968)							2,350,968	$	2,350,968

Schedule of Portfolio Investments (Continued)
Praxis International Index Fund
COLLATERAL FOR SECURITIES LOANED - 8.7%	Shares		Fair Value
Mount Vernon Liquid Assets Portfolio, LLC, 0.11% (e) (f) (Cost $30,009,047)		30,009,047	$	30,009,047
TOTAL INVESTMENTS - (Cost $246,700,518) - 108.2%			$	374,822,306
LIABILITES IN EXESS OF OTHER ASSETS - (8.2%)				(28,442,180	)
NET ASSETS - 100.0%			$	346,380,126

^(a) Non-income producing security.

^(b) All or a portion of the security is on loan. The total value of the securities on loan as of March 31, 2021 was $29,465,474.

^(c) Percentage rounds to less than 0.1%.

^(d) Restricted and illiquid securities not registered under the Securities Act of 1933 are as follows:

	Acquisition	Current		Fair		% of Net
	Date	Cost		Value		Assets
Calvert Social Investment Foundation, Inc. 2.000%, 06/15/22	06/17/19	$	290,000	$	290,000		0.1	%
Calvert Social Investment Foundation, Inc. 3.000%, 06/15/23	06/18/18		870,000		870,000		0.3	%
Calvert Social Investment Foundation, Inc. 3.000%, 12/15/23	12/17/18		480,000		480,000		0.1	%
Calvert Social Investment Foundation, Inc. 3.000%, 06/17/24	06/17/19		290,000		290,000		0.1	%
Calvert Social Investment Foundation, Inc. 3.000%, 12/13/24	12/12/19		120,000		120,000		0.0	%(c)
Calvert Social Investment Foundation, Inc. 2.500%, 06/13/20	06/12/20		500,000		499,000		0.1	%
Calvert Social Investment Foundation, Inc. 2.500%, 12/15/25	12/15/20		400,000		400,000		0.1	%
		$	2,950,000	$	2,949,000		0.8	%

^(e) The rate shown is the 7-day effective yield as of March 31, 2021.

^(f) The security was purchased with cash collateral held from securities on loan.

ADR - American Depositary Receipt

CDI - CHESS Depositary Interest

plc - Public Liability Company

REIT - Real Estate Investment Trust

Schedule of Portfolio Investments (Continued)

Praxis International Index Fund

March 31, 2021 (Unaudited)

Common Stocks & Rights by Sector/Industry	% of Net Assets
Communications - 11.3%
Advertising & Marketing	0.3%
Cable & Satellite	0.4%
Entertainment Content	0.9%
Internet Media & Services	4.4%
Publishing & Broadcasting	0.5%
Telecommunications	4.8%
Consumer Discretionary - 12.3%
Apparel & Textile Products	1.4%
Automotive	2.6%
Consumer Services	0.8%
E-Commerce Discretionary	2.6%
Home Construction	1.0%
Leisure Facilities & Services	1.2%
Leisure Products	0.4%
Retail - Discretionary	2.0%
Wholesale - Discretionary	0.3%
Consumer Staples - 6.6%
Beverages	0.7%
Food	1.6%
Household Products	2.3%
Retail - Consumer Staples	1.5%
Wholesale - Consumer Staples	0.5%
Energy - 2.9%
Oil & Gas Producers	2.5%
Renewable Energy	0.4%
Financials - 18.1%
Asset Management	1.3%
Banking	10.3%
Institutional Financial Services	1.2%
Insurance	5.1%
Specialty Finance	0.2%

Schedule of Portfolio Investments (Continued)
Common Stocks & Rights by Sector/Industry	% of Net Assets
Health Care - 7.5%
Biotech & Pharma	4.7%
Health Care Facilities & Services	1.1%
Medical Equipment & Devices	1.7%
Industrials - 10.2%
Commercial Support Services	1.9%
Diversified Industrials	0.8%
Electrical Equipment	1.6%
Engineering & Construction	0.1%
Industrial Support Services	0.7%
Machinery	2.2%
Transportation & Logistics	2.8%
Transportation Equipment	0.1%
Materials - 8.5%
Chemicals	2.5%
Construction Materials	0.7%
Containers & Packaging	0.4%
Forestry, Paper & Wood Products	0.5%
Metals & Mining	2.9%
Steel	1.5%
Real Estate - 3.8%
Real Estate Owners & Developers	1.5%
Real Estate Services	0.1%
REITs	2.2%
Technology - 14.6%
Semiconductors	5.6%
Software	1.0%
Technology Hardware	4.2%
Technology Services	3.8%
Utilities - 2.2%
Electric & Gas Marketing & Trading	0.3%
Electric Utilities	1.6%
Gas & Water Utilities	0.3%
	98.0%

Schedule of Portfolio Investments
Praxis Value Index Fund
March 31, 2021 (Unaudited)
COMMON STOCKS - 98.5%	Shares		Fair Value
ADVERTISING & MARKETING - 0.2%
Omnicom Group, Inc.		10,229	$	758,480
APPAREL & TEXTILE PRODUCTS - 0.7%
NIKE, Inc. - Class B		9,970		1,324,913
PVH Corp. (a)		3,270		345,639
VF Corp.		7,520		600,999
				2,271,551
ASSET MANAGEMENT - 0.8%
BlackRock, Inc.		762		574,517
Charles Schwab Corp. (The)		30,770		2,005,589
				2,580,106
AUTOMOTIVE - 0.4%
BorgWarner, Inc.		14,870		689,373
Ford Motor Co. (a)		65,763		805,597
				1,494,970
BANKING - 9.5%
Bank of America Corp.		169,070		6,541,318
Citigroup, Inc.		47,726		3,472,067
Citizens Financial Group, Inc.		10,900		481,235
Comerica, Inc.		9,200		660,008
Fifth Third Bancorp		19,490		729,900
Huntington Bancshares, Inc.		33,170		521,432
JPMorgan Chase & Co.		69,925		10,644,683
KeyCorp		21,488		429,330
M&T Bank Corp.		4,696		711,961
People's United Financial, Inc.		32,700		585,330
PNC Financial Services Group, Inc. (The)		11,631		2,040,194
Regions Financial Corp.		24,860		513,608
Truist Financial Corp.		32,700		1,907,064
U.S. Bancorp		44,707		2,472,744
Zions Bancorp., N.A.		9,670		531,463
				32,242,337
BEVERAGES - 2.2%
Coca-Cola Co. (The)		73,340		3,865,751
PepsiCo, Inc.		25,859		3,657,756
				7,523,507

Schedule of Portfolio Investments (Continued)
Praxis Value Index Fund
COMMON STOCKS - 98.5% (Continued)	Shares		Fair Value
BIOTECH & PHARMA - 5.7%
AbbVie, Inc.		11,026	$	1,193,234
Alexion Pharmaceuticals, Inc. (a)		2,380		363,926
Amgen, Inc. (b)		7,744		1,926,785
Biogen, Inc. (a)		2,300		643,425
Bristol-Myers Squibb Co.		28,879		1,823,131
Eli Lilly & Co.		5,310		992,014
Gilead Sciences, Inc.		32,650		2,110,169
Johnson & Johnson		40,071		6,585,669
Merck & Co., Inc.		34,740		2,678,107
Viatris, Inc. (a)		39,840		556,565
Zoetis, Inc.		3,990		628,345
				19,501,370
CABLE & SATELLITE - 1.0%
Comcast Corp. - Class A		60,520		3,274,737
CHEMICALS - 4.1%
Air Products & Chemicals, Inc.		6,347		1,785,665
Celanese Corp.		4,040		605,232
Dow, Inc.		8,860		566,508
DuPont de Nemours, Inc.		6,988		540,033
Eastman Chemical Co.		3,900		429,468
Ecolab, Inc.		5,080		1,087,476
International Flavors & Fragrances, Inc.		8,432		1,177,192
Linde plc		11,936		3,343,751
LyondellBasell Industries N.V. - Class A		23,490		2,444,134
PPG Industries, Inc. (b)		8,830		1,326,796
Sherwin-Williams Co. (The) (b)		960		708,490
				14,014,745
COMMERCIAL SUPPORT SERVICES - 1.9%
Republic Services, Inc.		25,760		2,559,256
Robert Half International, Inc.		8,160		637,051
Waste Management, Inc.		25,070		3,234,532
				6,430,839
CONSTRUCTION MATERIALS - 0.1%
Martin Marietta Materials, Inc.		1,050		352,611
CONTAINERS & PACKAGING - 0.5%
Ball Corp.		5,768		488,780

Schedule of Portfolio Investments (Continued)
Praxis Value Index Fund
COMMON STOCKS - 98.5% (Continued)	Shares		Fair Value
CONTAINERS & PACKAGING - 0.5% (Continued)
International Paper Co.		12,160	$	657,491
WestRock Co.		10,430		542,882
				1,689,153
DIVERSIFIED INDUSTRIALS - 1.1%
Dover Corp.		5,253		720,344
Emerson Electric Co.		5,624		507,397
Illinois Tool Works, Inc. (b)		11,135		2,466,625
				3,694,366
ELECTRIC UTILITIES - 3.8%
AES Corp. (The)		27,234		730,144
American Electric Power Co., Inc.		11,030		934,241
CMS Energy Corp.		6,220		380,788
Consolidated Edison, Inc.		16,641		1,244,747
DTE Energy Co.		4,170		555,194
Duke Energy Corp.		18,704		1,805,497
Edison International (b)		11,827		693,062
Eversource Energy		10,350		896,207
NextEra Energy, Inc.		32,340		2,445,227
Sempra Energy		8,983		1,190,966
Southern Co. (The)		25,121		1,561,521
Xcel Energy, Inc.		9,094		604,842
				13,042,436
ELECTRICAL EQUIPMENT - 3.2%
Carrier Global Corp.		9,550		403,201
Johnson Controls International plc		119,847		7,151,270
Keysight Technologies, Inc. (a)		4,270		612,318
Otis Worldwide Corp.		5,570		381,267
Rockwell Automation, Inc.		5,250		1,393,560
Roper Technologies, Inc.		2,520		1,016,417
				10,958,033
ENTERTAINMENT CONTENT - 3.1%
Activision Blizzard, Inc.		6,620		615,660
Discovery, Inc. (a) (b)		19,010		826,174
Electronic Arts, Inc.		2,910		393,927
Fox Corp. - Class A (b)		15,020		542,372
ViacomCBS, Inc. - Class B		14,746		665,045

Schedule of Portfolio Investments (Continued)
Praxis Value Index Fund
COMMON STOCKS - 98.5% (Continued)	Shares		Fair Value
ENTERTAINMENT CONTENT - 3.1% (Continued)
Walt Disney Co. (The) (a)		40,279	$	7,432,281
				10,475,459
FOOD - 2.0%
Campbell Soup Co. (b)		7,050		354,403
Conagra Brands, Inc. (b)		16,070		604,232
General Mills, Inc.		16,104		987,497
Hershey Co. (The) (b)		2,830		447,593
Hormel Foods Corp. (b)		8,250		394,185
Kellogg Co. (b)		6,820		431,706
Kraft Heinz Co. (The)		15,130		605,200
McCormick & Co., Inc.		4,900		436,884
Mondelez International, Inc. - Class A		34,022		1,991,308
Tyson Foods, Inc. - Class A		9,110		676,873
				6,929,881
GAS & WATER UTILITIES - 0.4%
American Water Works Co., Inc.		4,630		694,129
NiSource, Inc.		29,770		717,755
				1,411,884
HEALTH CARE FACILITIES & SERVICES - 4.6%
AmerisourceBergen Corp.		8,740		1,031,932
Anthem, Inc.		6,020		2,160,879
Cardinal Health, Inc.		12,620		766,665
Centene Corp. (a)		10,170		649,965
Cigna Corp.		6,662		1,610,472
CVS Health Corp.		29,554		2,223,347
HCA Healthcare, Inc.		4,100		772,194
Humana, Inc.		1,420		595,335
IQVIA Holdings, Inc. (a)		2,920		563,969
Laboratory Corp. of America Holdings (a)		2,120		540,664
McKesson Corp.		5,714		1,114,458
UnitedHealth Group, Inc.		9,750		3,627,682
				15,657,562
HOUSEHOLD PRODUCTS - 1.7%
Church & Dwight Co., Inc.		6,650		580,878
Estée Lauder Cos., Inc. (The) - Class A		2,230		648,596
Kimberly-Clark Corp.		3,750		521,437

Schedule of Portfolio Investments (Continued)
Praxis Value Index Fund
COMMON STOCKS - 98.5% (Continued)	Shares		Fair Value
HOUSEHOLD PRODUCTS - 1.7% (Continued)
Procter & Gamble Co. (The)		30,256	$	4,097,570
				5,848,481
INDUSTRIAL SUPPORT SERVICES - 0.1%
W.W. Grainger, Inc.		1,090		437,014
INSTITUTIONAL FINANCIAL SERVICES - 2.7%
Bank of New York Mellon Corp. (The)		25,784		1,219,325
CME Group, Inc.		9,190		1,876,874
Goldman Sachs Group, Inc. (The)		6,197		2,026,419
Intercontinental Exchange, Inc.		5,470		610,890
Morgan Stanley		29,931		2,324,441
Northern Trust Corp.		6,297		661,878
State Street Corp.		6,610		555,306
				9,275,133
INSURANCE - 5.2%
Aflac, Inc.		20,270		1,037,419
Allstate Corp. (The)		10,919		1,254,593
American International Group, Inc.		29,507		1,363,518
Arthur J. Gallagher & Co.		2,930		365,576
Assurant, Inc.		4,170		591,181
Berkley (W.R.) Corp.		11,170		841,660
Cincinnati Financial Corp. (b)		7,712		795,030
Globe Life, Inc.		6,860		662,882
Hartford Financial Services Group, Inc. (The)		23,910		1,596,949
Lincoln National Corp.		6,300		392,301
Loews Corp.		16,890		866,119
Marsh & McLennan Cos., Inc.		7,150		870,870
MetLife, Inc.		35,413		2,152,756
Principal Financial Group, Inc.		11,170		669,753
Progressive Corp. (The)		4,060		388,177
Prudential Financial, Inc.		23,410		2,132,651
Travelers Cos., Inc. (The)		11,383		1,712,003
				17,693,438
INTERNET MEDIA & SERVICES - 0.6%
Booking Holdings, Inc. (a)		660		1,537,694
Expedia Group, Inc. (a) (b)		3,040		523,245
				2,060,939

Schedule of Portfolio Investments (Continued)
Praxis Value Index Fund
COMMON STOCKS - 98.5% (Continued)	Shares		Fair Value
LEISURE FACILITIES & SERVICES - 2.4%
Carnival Corp.		28,663	$	760,716
Darden Restaurants, Inc.		4,210		597,820
Hilton Worldwide Holdings, Inc. (a)		6,420		776,306
Live Nation Entertainment, Inc. (a)		6,190		523,984
Marriott International, Inc. - Class A (a)		8,550		1,266,341
McDonald's Corp.		9,980		2,236,917
Starbucks Corp.		13,490		1,474,052
Yum! Brands, Inc.		5,400		584,172
				8,220,308
LEISURE PRODUCTS - 0.2%
Hasbro, Inc.		6,490		623,819
MACHINERY - 1.1%
Deere & Co.		2,897		1,083,884
Ingersoll-Rand, Inc. (a)		10,810		531,960
Stanley Black & Decker, Inc.		5,070		1,012,327
Xylem, Inc.		10,290		1,082,302
				3,710,473
MEDICAL EQUIPMENT & DEVICES - 4.3%
Abbott Laboratories		20,890		2,503,458
Baxter International, Inc.		17,182		1,449,130
Becton, Dickinson and Co.		7,110		1,728,797
Boston Scientific Corp. (a)		38,100		1,472,565
Cooper Cos., Inc. (The)		1,170		449,385
Danaher Corp.		6,410		1,442,763
DENTSPLY SIRONA, Inc.		8,810		562,166
Edwards Lifesciences Corp. (a)		5,460		456,674
Illumina, Inc. (a)		2,520		967,831
Medtronic plc		11,300		1,334,869
Stryker Corp.		2,240		545,619
Teleflex, Inc.		1,370		569,180
Thermo Fisher Scientific, Inc.		1,954		891,767
Varian Medical Systems, Inc. (a)		1,980		349,529
				14,723,733
METALS & MINING - 0.3%
Newmont Corp.		15,870		956,485

Schedule of Portfolio Investments (Continued)
Praxis Value Index Fund
COMMON STOCKS - 98.5% (Continued)	Shares		Fair Value
OIL & GAS PRODUCERS - 2.9%
ConocoPhillips		73,767	$	3,907,438
Hess Corp.		13,460		952,430
Marathon Oil Corp.		122,660		1,310,009
ONEOK, Inc. (b)		17,125		867,552
Valero Energy Corp.		38,570		2,761,612
				9,799,041
OIL & GAS SERVICES & EQUIPMENT - 1.2%
Baker Hughes Co.		65,360		1,412,429
Schlumberger Ltd.		91,656		2,492,127
				3,904,556
REAL ESTATE SERVICES - 0.3%
CBRE Group, Inc. - Class A (a)		13,830		1,094,091
REITS - 4.4%
American Tower Corp.		4,760		1,137,926
AvalonBay Communities, Inc. (b)		5,900		1,088,609
Boston Properties, Inc. (b)		2,130		215,684
Crown Castle International Corp. (b)		4,160		716,061
Digital Realty Trust, Inc.		5,980		842,223
Equinix, Inc.		910		618,427
Equity Residential		17,370		1,244,213
Federal Realty Investment Trust		5,670		575,222
Healthpeak Properties, Inc.		20,530		651,622
Host Hotels & Resorts, Inc. (a)		23,100		389,235
Iron Mountain, Inc.		22,570		835,316
Kimco Realty Corp.		22,420		420,375
Prologis, Inc.		22,180		2,351,080
Public Storage		1,920		473,779
Realty Income Corp. (b)		9,490		602,615
Regency Centers Corp.		9,230		523,433
Simon Property Group, Inc. (b)		6,629		754,181
Ventas, Inc.		10,570		563,804
Vornado Realty Trust		8,900		403,971
Welltower, Inc.		9,100		651,833
				15,059,609
RETAIL - CONSUMER STAPLES - 2.3%
Costco Wholesale Corp.		3,160		1,113,837
Dollar Tree, Inc. (a)		4,230		484,166

Schedule of Portfolio Investments (Continued)
Praxis Value Index Fund
COMMON STOCKS - 98.5% (Continued)	Shares		Fair Value
RETAIL - CONSUMER STAPLES - 2.3% (Continued)
Kroger Co. (The) (b)		11,374	$	409,350
Target Corp.		3,350		663,534
Walgreen Boots Alliance, Inc. (b)		23,650		1,298,385
Walmart, Inc.		27,890		3,788,299
				7,757,571
RETAIL - DISCRETIONARY - 1.9%
Genuine Parts Co.		4,570		528,246
Home Depot, Inc. (The)		6,312		1,926,738
Lowe's Cos., Inc. (b)		3,930		747,407
Ross Stores, Inc.		9,950		1,193,105
TJX Cos., Inc. (The)		29,130		1,926,950
				6,322,446
SEMICONDUCTORS - 3.5%
Analog Devices, Inc. (b)		4,430		687,004
Broadcom, Inc.		3,100		1,437,346
Intel Corp.		90,228		5,774,592
Micron Technology, Inc. (a)		22,810		2,012,070
Texas Instruments, Inc.		10,140		1,916,359
				11,827,371
SOFTWARE - 1.0%
Microsoft Corp.		4,950		1,167,061
Oracle Corp.		20,392		1,430,907
salesforce.com, inc. (a)		1,770		375,010
Synopsys, Inc. (a)		2,040		505,471
				3,478,449
SPECIALTY FINANCE - 1.6%
American Express Co.		17,094		2,417,776
Capital One Financial Corp.		12,040		1,531,849
Discover Financial Services (b)		7,820		742,822
Synchrony Financial (b)		15,070		612,746
				5,305,193
STEEL - 0.2%
Nucor Corp. (b)		6,590		528,979
TECHNOLOGY HARDWARE - 2.4%
Cisco Systems, Inc.		98,170		5,076,371
Corning, Inc.		14,610		635,681

Schedule of Portfolio Investments (Continued)
Praxis Value Index Fund
COMMON STOCKS - 98.5% (Continued)	Shares		Fair Value
TECHNOLOGY HARDWARE - 2.4% (Continued)
HP, Inc. (b)		36,560	$	1,160,780
Juniper Networks, Inc.		21,720		550,167
Western Digital Corp.		11,965		798,664
				8,221,663
TECHNOLOGY SERVICES - 6.7%
Accenture plc - Class A		17,800		4,917,250
Automatic Data Processing, Inc.		5,210		981,929
Cognizant Technology Solutions Corp. - Class A		6,500		507,780
DXC Technology Co. (a)		15,380		480,779
Fidelity National Information Services, Inc.		16,860		2,370,684
Fiserv, Inc. (a)		8,970		1,067,789
FleetCor Technologies, Inc. (a)		2,190		588,300
Global Payments, Inc.		7,040		1,419,123
International Business Machines Corp.		21,862		2,913,330
Mastercard, Inc. - Class A		6,940		2,470,987
Paychex, Inc.		10,194		999,216
S&P Global, Inc.		1,620		571,649
Visa, Inc. - Class A		15,730		3,330,513
				22,619,329
TELECOMMUNICATIONS - 3.6%
AT&T, Inc.		172,856		5,232,351
Lumen Technologies, Inc.		61,648		823,001
T-Mobile US, Inc. (a)		3,980		498,654
Verizon Communications, Inc.		96,820		5,630,083
				12,184,089
TRANSPORTATION & LOGISTICS - 2.3%
American Airlines Group, Inc. (a)		23,560		563,084
CSX Corp.		6,000		578,520
Delta Air Lines, Inc. (a)		15,560		751,237
FedEx Corp.		1,790		508,431
J.B. Hunt Transport Services, Inc.		4,690		788,248
Norfolk Southern Corp.		2,680		719,634
Southwest Airlines Co. (a)		8,960		547,098
Union Pacific Corp.		9,130		2,012,343
United Airlines Holdings, Inc. (a)		12,530		720,976
United Parcel Service, Inc. - Class B		4,000		679,960
				7,869,531

Schedule of Portfolio Investments (Continued)
Praxis Value Index Fund
COMMON STOCKS - 98.5% (Continued)	Shares		Fair Value
WHOLESALE - CONSUMER STAPLES - 0.3%
Sysco Corp.		13,680	$	1,077,163
TOTAL COMMON STOCKS (COST $247,854,350)			$	334,902,931

CORPORATE NOTES - 0.8%	Coupon			Maturity		Principal Amount		Fair Value
COMMUNITY DEVELOPMENT - 0.8%
Calvert Social Investment Foundation, Inc. (c)		2.000	%		06/15/22	$	280,000	$	280,000
Calvert Social Investment Foundation, Inc. (c)		3.000	%		06/15/23		450,000		450,000
Calvert Social Investment Foundation, Inc. (c)		3.000	%		12/15/23		720,000		720,000
Calvert Social Investment Foundation, Inc. (c)		3.000	%		06/17/24		280,000		280,000
Calvert Social Investment Foundation, Inc. (c)		3.000	%		12/15/24		250,000		250,000
Calvert Social Investment Foundation, Inc. (c)		2.500	%		06/13/25		280,000		279,440
Calvert Social Investment Foundation, Inc. (c)		2.500	%		12/15/25		450,000		450,000
TOTAL CORPORATE NOTES (COST $2,710,000)								$	2,709,440

MONEY MARKET FUNDS - 0.5%	Shares		Fair Value
First American Government Obligations Fund -  Class X, 0.04% (d) (COST $1,614,560)		1,614,560	$	1,614,560

Schedule of Portfolio Investments (Continued)
Praxis Value Index Fund
COLLATERAL FOR SECURITIES LOANED - 5.7%	Shares		Fair Value
Mount Vernon Liquid Assets Portfolio, LLC, 0.11% (d) (e) (COST $19,378,271)		19,378,271	$	19,378,271
TOTAL INVESTMENTS - (COST $271,557,181) - 105.5%			$	358,605,202
LIABILITIES IN EXCESS OF OTHER ASSETS - (5.5%)				(18,535,427	)
NET ASSETS - 100.0%			$	340,069,775

^(a) Non-income producing security.

^(b) All or a portion of the security is on loan. The total value of the securities on loan as of March 31, 2021 was $18,841,878.

^(c) Restricted and illiquid securities not registered under the Securities Act of 1933 are as follows:

	Acquisition	Current		Fair		% of Net
	Date	Cost		Value		Assets
Calvert Social Investment Foundation, Inc. 2.000%, 06/15/22	06/17/19	$	280,000	$	280,000		0.1	%
Calvert Social Investment Foundation, Inc. 3.000%, 06/15/23	06/18/18		450,000		450,000		0.1	%
Calvert Social Investment Foundation, Inc. 3.000%, 12/15/23	12/17/18		720,000		720,000		0.2	%
Calvert Social Investment Foundation, Inc. 3.000%, 06/17/24	06/17/19		280,000		280,000		0.1	%
Calvert Social Investment Foundation, Inc. 3.000%, 12/13/24	12/12/19		250,000		250,000		0.1	%
Calvert Social Investment Foundation, Inc. 2.500%, 06/13/25	06/12/20		280,000		279,440		0.1	%
Calvert Social Investment Foundation, Inc. 2.500%, 12/15/25	12/15/20		450,000		450,000		0.1	%
		$	2,710,000	$	2,709,440		0.8	%

^(d) The rate shown is the 7-day effective yield as of March 31, 2021.

^(e) The security was purchased with cash collateral held from securities on loan.

plc - Public Liability Company

Schedule of Portfolio Investments
Praxis Growth Index Fund
March 31, 2021 (Unaudited)
COMMON STOCKS - 98.5%	Shares		Fair Value
APPAREL & TEXTILE PRODUCTS - 0.8%
NIKE, Inc. - Class B		21,587	$	2,868,696
VF Corp.		5,300		423,576
				3,292,272
ASSET MANAGEMENT - 0.5%
BlackRock, Inc.		2,233		1,683,593
T. Rowe Price Group, Inc.		1,940		332,904
				2,016,497
AUTOMOTIVE - 2.8%
Tesla, Inc. (a)		17,590		11,748,889
BANKING - 0.1%
SVB Financial Group (a)		800		394,928
BEVERAGES - 1.0%
Coca-Cola Co. (The)		24,140		1,272,419
PepsiCo, Inc.		19,670		2,782,322
				4,054,741
BIOTECH & PHARMA - 4.4%
AbbVie, Inc.		28,751		3,111,433
Alexion Pharmaceuticals, Inc. (a)		4,711		720,359
Amgen, Inc. (b)		6,134		1,526,201
Biogen, Inc. (a)		1,280		358,080
Bristol-Myers Squibb Co.		28,376		1,791,377
Eli Lilly & Co.		8,820		1,647,752
Incyte Corp. (a)		4,067		330,525
Johnson & Johnson		20,108		3,304,750
Merck & Co., Inc.		24,871		1,917,305
Regeneron Pharmaceuticals, Inc. (a)		2,501		1,183,323
Vertex Pharmaceuticals, Inc. (a)		5,704		1,225,733
Zoetis, Inc.		8,600		1,354,328
				18,471,166
CABLE & SATELLITE - 1.2%
Charter Communications, Inc. - Class A (a) (b)		3,722		2,296,549
Comcast Corp. - Class A		53,294		2,883,738
				5,180,287
CHEMICALS - 1.5%
Air Products & Chemicals, Inc.		4,148		1,166,998

Schedule of Portfolio Investments (Continued)
Praxis Growth Index Fund
COMMON STOCKS - 98.5% (Continued)	Shares		Fair Value
CHEMICALS - 1.5% (Continued)
Dow, Inc.		8,087	$	517,083
Ecolab, Inc.		2,074		443,981
Linde plc		11,878		3,327,503
Sherwin-Williams Co. (The)		1,157		853,878
				6,309,443
COMMERCIAL SUPPORT SERVICES - 0.2%
Waste Management, Inc.		6,124		790,118
CONTAINERS & PACKAGING - 0.2%
Ball Corp.		8,283		701,901
DIVERSIFIED INDUSTRIALS - 0.4%
Emerson Electric Co.		3,470		313,063
Illinois Tool Works, Inc. (b)		5,784		1,281,272
				1,594,335
E-COMMERCE DISCRETIONARY - 6.7%
Amazon.com, Inc. (a)		8,700		26,918,496
eBay, Inc.		10,335		632,915
Etsy, Inc. (a)		3,530		711,895
				28,263,306
ELECTRIC UTILITIES - 0.3%
Eversource Energy		6,420		555,908
NextEra Energy, Inc.		11,334		856,964
				1,412,872
ELECTRICAL EQUIPMENT - 1.2%
AMETEK, Inc.		2,500		319,325
Amphenol Corp. - Class A		7,872		519,316
Carrier Global Corp.		9,910		418,400
Generac Holdings, Inc. (a)		1,590		520,646
Keysight Technologies, Inc. (a)		4,941		708,539
Otis Worldwide Corp.		5,220		357,309
Rockwell Automation, Inc.		2,298		609,981
Roper Technologies, Inc.		1,699		685,275
TE Connectivity Ltd.		5,030		649,423
Trane Technologies plc		2,180		360,921
				5,149,135
ENTERTAINMENT CONTENT - 0.6%
Activision Blizzard, Inc.		14,420		1,341,060

Schedule of Portfolio Investments (Continued)
Praxis Growth Index Fund
COMMON STOCKS - 98.5% (Continued)	Shares		Fair Value
ENTERTAINMENT CONTENT - 0.6% (Continued)
Electronic Arts, Inc.		5,055	$	684,295
Walt Disney Co. (The) (a)		2,553		471,080
				2,496,435
FOOD - 0.1%
General Mills, Inc.		8,970		550,040
GAS & WATER UTILITIES - 0.1%
American Water Works Co., Inc.		3,780		566,698
HEALTH CARE FACILITIES & SERVICES - 2.2%
AmerisourceBergen Corp.		2,960		349,487
Anthem, Inc.		1,300		466,635
Catalent, Inc. (a)		2,980		313,824
Cigna Corp.		1,440		348,106
DaVita, Inc. (a)		5,090		548,549
HCA Healthcare, Inc.		2,590		487,801
Henry Schein, Inc. (a)		8,130		562,921
Humana, Inc.		1,060		444,405
IQVIA Holdings, Inc. (a)		2,768		534,612
Laboratory Corp. of America Holdings (a)		1,440		367,243
McKesson Corp.		3,370		657,285
UnitedHealth Group, Inc.		11,450		4,260,201
				9,341,069
HOME CONSTRUCTION - 0.2%
D.R. Horton, Inc.		6,078		541,671
Masco Corp.		8,006		479,560
				1,021,231
HOUSEHOLD PRODUCTS - 1.6%
Church & Dwight Co., Inc.		6,461		564,368
Clorox Co. (The)		1,450		279,676
Colgate-Palmolive Co.		9,857		777,027
Estée Lauder Cos., Inc. (The) - Class A		3,409		991,508
Kimberly-Clark Corp.		2,331		324,126
Procter & Gamble Co. (The)		26,417		3,577,654
				6,514,359
INDUSTRIAL SUPPORT SERVICES - 0.4%
Fastenal Co.		11,534		579,929

Schedule of Portfolio Investments (Continued)
Praxis Growth Index Fund
COMMON STOCKS - 98.5% (Continued)	Shares		Fair Value
INDUSTRIAL SUPPORT SERVICES - 0.4% (Continued)
United Rentals, Inc. (a)		1,490	$	490,672
W.W. Grainger, Inc.		1,230		493,144
				1,563,745
INSTITUTIONAL FINANCIAL SERVICES - 0.3%
Intercontinental Exchange, Inc.		8,731		975,078
Nasdaq, Inc.		2,270		334,734
				1,309,812
INSURANCE - 0.4%
Marsh & McLennan Cos., Inc.		8,240		1,003,632
Progressive Corp. (The)		7,258		693,937
				1,697,569
INTERNET MEDIA & SERVICES - 12.2%
Alphabet, Inc. - Class A (a)		5,155		10,632,291
Alphabet, Inc. - Class C (a)		7,156		14,803,116
Booking Holdings, Inc. (a)		445		1,036,779
Expedia Group, Inc. (a) (b)		2,340		402,761
Facebook, Inc. - Class A (a)		59,695		17,581,968
Netflix, Inc. (a)		10,752		5,608,888
Twitter, Inc. (a)		19,770		1,257,965
				51,323,768
LEISURE FACILITIES & SERVICES - 1.1%
Chipotle Mexican Grill, Inc. (a)		617		876,646
Domino's Pizza, Inc.		1,410		518,584
Hilton Worldwide Holdings, Inc. (a)		1,619		195,769
McDonald's Corp.		4,737		1,061,751
Starbucks Corp.		14,692		1,605,395
Yum! Brands, Inc.		2,804		303,337
				4,561,482
MACHINERY - 0.7%
Deere & Co.		6,786		2,538,914
Xylem, Inc.		3,320		349,198
				2,888,112
MEDICAL EQUIPMENT & DEVICES - 5.3%
Abbott Laboratories		23,826		2,855,308
ABIOMED, Inc. (a)		1,040		331,479
Agilent Technologies, Inc.		8,185		1,040,641
Align Technology, Inc. (a)		1,711		926,558

Schedule of Portfolio Investments (Continued)
Praxis Growth Index Fund
COMMON STOCKS - 98.5% (Continued)	Shares		Fair Value
MEDICAL EQUIPMENT & DEVICES - 5.3% (Continued)
Bio-Rad Laboratories, Inc. - Class A (a) (b)		1,000	$	571,170
Cooper Cos., Inc. (The)		1,161		445,929
Danaher Corp.		14,004		3,152,020
DexCom, Inc. (a)		2,750		988,323
Edwards Lifesciences Corp. (a)		7,610		636,500
Hologic, Inc. (a)		6,559		487,858
IDEXX Laboratories, Inc. (a)		2,060		1,007,979
Illumina, Inc. (a)		2,758		1,059,237
Mettler-Toledo International, Inc. (a)		960		1,109,462
PerkinElmer, Inc.		4,400		564,476
ResMed, Inc.		3,458		670,921
Teleflex, Inc.		760		315,750
Thermo Fisher Scientific, Inc.		10,795		4,926,622
Waters Corp. (a)		1,646		467,744
West Pharmaceutical Services, Inc.		2,490		701,632
				22,259,609
METALS & MINING - 0.1%
Newmont Corp.		6,860		413,452
REAL ESTATE SERVICES - 0.5%
CBRE Group, Inc. - Class A (a)		25,453		2,013,587
REITS - 1.4%
American Tower Corp.		5,412		1,293,793
Crown Castle International Corp. (b)		6,699		1,153,099
Equinix, Inc.		1,687		1,146,468
Extra Space Storage, Inc.		2,720		360,536
Prologis, Inc.		5,937		629,322
Public Storage		2,570		634,173
SBA Communications Corp.		1,668		462,954
Welltower, Inc.		4,040		289,385
				5,969,730
RENEWABLE ENERGY - 0.1%
Enphase Energy, Inc. (a)		3,550		575,668
RETAIL - CONSUMER STAPLES - 1.2%
Costco Wholesale Corp.		5,743		2,024,293

Schedule of Portfolio Investments (Continued)
Praxis Growth Index Fund
COMMON STOCKS - 98.5% (Continued)	Shares		Fair Value
RETAIL - CONSUMER STAPLES - 1.2% (Continued)
Dollar General Corp.		7,323	$	1,483,786
Target Corp.		8,164		1,617,043
				5,125,122
RETAIL - DISCRETIONARY - 3.2%
AutoZone, Inc. (a)		469		658,617
Best Buy Co., Inc.		2,850		327,209
Home Depot, Inc. (The)		20,526		6,265,561
L Brands, Inc. (a)		10,790		667,469
Lowe's Cos., Inc. (b)		14,179		2,696,562
O'Reilly Automotive, Inc. (a)		1,750		887,688
Ross Stores, Inc.		5,575		668,498
TJX Cos., Inc. (The)		6,093		403,052
Tractor Supply Co.		2,070		366,556
Ulta Beauty, Inc. (a)		1,070		330,812
				13,272,024
SEMICONDUCTORS - 7.6%
Advanced Micro Devices, Inc. (a)		29,581		2,322,108
Analog Devices, Inc. (b)		4,104		636,448
Applied Materials, Inc.		22,796		3,045,546
Broadcom, Inc.		6,519		3,022,600
IPG Photonics Corp. (a)		1,340		282,660
KLA Corp.		4,142		1,368,517
Lam Research Corp.		3,673		2,186,317
Maxim Integrated Products, Inc.		3,430		313,399
Microchip Technology, Inc.		4,320		670,550
Monolithic Power Systems, Inc.		1,810		639,310
NVIDIA Corp.		15,789		8,430,221
NXP Semiconductors N.V.		1,520		306,037
Qorvo, Inc. (a)		3,680		672,336
QUALCOMM, Inc.		28,060		3,720,475
Skyworks Solutions, Inc.		1,730		317,420
Teradyne, Inc. (b)		4,540		552,427
Texas Instruments, Inc.		15,207		2,873,971
Xilinx, Inc.		6,539		810,182
				32,170,524
SOFTWARE - 16.1%
Adobe, Inc. (a)		14,127		6,715,552

Schedule of Portfolio Investments (Continued)
Praxis Growth Index Fund
COMMON STOCKS - 98.5% (Continued)	Shares		Fair Value
SOFTWARE - 16.1% (Continued)
Akamai Technologies, Inc. (a)		4,310	$	439,189
ANSYS, Inc. (a)		2,628		892,364
Autodesk, Inc. (a)		7,056		1,955,570
Cadence Design Systems, Inc. (a)		11,834		1,621,140
Citrix Systems, Inc.		2,932		411,535
Fortinet, Inc. (a) (b)		4,150		765,343
Intuit, Inc.		8,000		3,064,480
Microsoft Corp.		168,288		39,677,262
Oracle Corp.		28,780		2,019,493
Paycom Software, Inc. (a)		1,270		469,976
salesforce.com, inc. (a)		24,017		5,088,482
ServiceNow, Inc. (a)		5,223		2,612,074
Synopsys, Inc. (a)		6,470		1,603,137
Tyler Technologies, Inc. (a) (b)		1,360		577,361
				67,912,958
TECHNOLOGY HARDWARE - 10.8%
Apple, Inc.		351,448		42,929,373
Arista Networks, Inc. (a)		1,860		561,515
Cisco Systems, Inc.		13,150		679,987
Corning, Inc.		8,980		390,720
F5 Networks, Inc. (a)		1,670		348,395
Zebra Technologies Corp. - Class A (a)		1,267		614,723
				45,524,713
TECHNOLOGY SERVICES - 8.6%
Accenture plc - Class A		18,389		5,079,961
Automatic Data Processing, Inc.		7,780		1,466,297
Broadridge Financial Solutions, Inc.		2,596		397,448
Cognizant Technology Solutions Corp. - Class A		4,970		388,256
Fidelity National Information Services, Inc.		4,440		624,308
Fiserv, Inc. (a)		9,656		1,149,450
FleetCor Technologies, Inc. (a)		714		191,802
Global Payments, Inc.		1,700		342,686
IHS Markit Ltd.		6,627		641,361
Jack Henry & Associates, Inc. (b)		3,810		578,053
MarketAxess Holdings, Inc.		960		478,003
Mastercard, Inc. - Class A		16,976		6,044,305
Moody's Corp.		3,375		1,007,809
MSCI, Inc.		1,797		753,446

Schedule of Portfolio Investments (Continued)
Praxis Growth Index Fund
COMMON STOCKS - 98.5% (Continued)	Shares		Fair Value
TECHNOLOGY SERVICES - 8.6% (Continued)
Paychex, Inc.		2,425	$	237,699
PayPal Holdings, Inc. (a)		33,047		8,025,133
S&P Global, Inc.		6,654		2,347,997
Verisk Analytics, Inc.		3,035		536,254
Visa, Inc. - Class A		27,913		5,910,020
				36,200,288
TELECOMMUNICATIONS - 0.3%
T-Mobile US, Inc. (a)		8,780		1,100,046
TRANSPORTATION & LOGISTICS - 1.9%
CSX Corp.		9,637		929,200
FedEx Corp.		4,000		1,136,160
J.B. Hunt Transport Services, Inc.		2,270		381,519
Norfolk Southern Corp.		2,169		582,420
Old Dominion Freight Line, Inc.		4,700		1,129,927
Union Pacific Corp.		7,201		1,587,172
United Parcel Service, Inc. - Class B		13,705		2,329,713
				8,076,111
WHOLESALE - DISCRETIONARY - 0.2%
Copart, Inc. (a)		5,108		554,780
Pool Corp.		1,190		410,835
				965,615
TOTAL COMMON STOCKS (COST $196,214,634)			$	414,793,657

CORPORATE NOTES - 0.8%	Coupon			Maturity		Principal Amount		Fair Value
COMMUNITY DEVELOPMENT - 0.8%
Calvert Social Investment Foundation, Inc. (c)		2.000	%		06/15/22	$	550,000	$	550,000
Calvert Social Investment Foundation, Inc. (c)		3.000	%		06/15/23		900,000		900,000
Calvert Social Investment Foundation, Inc. (c)		3.000	%		12/15/23		200,000		200,000
Calvert Social Investment Foundation, Inc. (c)		3.000	%		06/17/24		550,000		550,000
Calvert Social Investment Foundation, Inc. (c)		3.000	%		12/15/24		150,000		150,000
Calvert Social Investment Foundation, Inc. (c)		2.500	%		06/13/25		670,000		668,660

Schedule of Portfolio Investments (Continued)
Praxis Growth Index Fund
CORPORATE NOTES - 0.8% (Continued)	Coupon			Maturity		Principal Amount		Fair Value
COMMUNITY DEVELOPMENT - 0.8% (Continued)
Calvert Social Investment Foundation, Inc. (c)		2.500	%		12/15/25	$	500,000	$	500,000
TOTAL CORPORATE NOTES (COST $3,520,000)								$	3,518,660

MONEY MARKET FUNDS - 0.6%	Shares		Fair Value
First American Government Obligations Fund -  Class X, 0.04% (d) (COST $2,382,723)		2,382,723	$	2,382,723

COLLATERAL FOR SECURITIES LOANED - 2.7%	Shares		Fair Value
Mount Vernon Liquid Assets Portfolio, LLC, 0.11% (d) (e) (COST $11,552,717)		11,552,717	$	11,552,717
TOTAL INVESTMENTS - (COST $213,670,074) - 102.6%			$	432,247,757
LIABILITIES IN EXCESS OF OTHER ASSETS - (2.6%)				(11,025,192	)
NET ASSETS - 100.0%			$	421,222,565

^(a) Non-income producing security.

^(b) All or a portion of the security is on loan. The total value of the securities on loan as of March 31, 2021 was $11,299,328.

^(c) Restricted and illiquid securities not registered under the Securities Act of 1933 are as follows:

	Acquisition	Current		Fair		% of Net
	Date	Cost		Value		Assets
Calvert Social Investment Foundation, Inc. 2.000%, 06/15/22	06/17/19	$	550,000	$	550,000		0.1	%
Calvert Social Investment Foundation, Inc. 3.000%, 06/15/23	06/18/18		900,000		900,000		0.2	%
Calvert Social Investment Foundation, Inc. 3.000%, 12/15/23	12/17/18		200,000		200,000		0.1	%
Calvert Social Investment Foundation, Inc. 3.000%, 06/17/24	06/17/19		550,000		550,000		0.1	%
Calvert Social Investment Foundation, Inc. 3.000%, 12/13/24	12/12/19		150,000		150,000		0.0	%(f)
Calvert Social Investment Foundation, Inc. 2.500%, 06/13/25	06/12/20		670,000		668,660		0.2	%
Calvert Social Investment Foundation, Inc. 2.500%, 12/15/25	12/15/20		500,000		500,000		0.1	%
		$	3,520,000	$	3,518,660		0.8	%

^(d) The rate shown is the 7-day effective yield as of March 31, 2021.

^(e) The security was purchased with cash collateral held from securities on loan.

^(f) Percentage rounds to less than 0.1%.

plc - Public Liability Company

Schedule of Portfolio Investments
Praxis Small Cap Index Fund
March 31, 2021 (Unaudited)
COMMON STOCKS - 98.6%	Shares		Fair Value
ADVERTISING & MARKETING - 0.1%
QuinStreet, Inc. (a)		7,790	$	158,137
AEROSPACE & DEFENSE - 0.2%
Barnes Group, Inc.		5,820		288,323
APPAREL & TEXTILE PRODUCTS - 2.0%
Crocs, Inc. (a) (b)		11,550		929,198
Fossil Group, Inc. (a)		15,270		189,348
Kontoor Brands, Inc.		7,330		355,725
Movado Group, Inc.		11,930		339,408
Oxford Industries, Inc.		3,465		302,910
Steven Madden Ltd.		11,935		444,698
Wolverine World Wide, Inc. (b)		13,500		517,320
				3,078,607
ASSET MANAGEMENT - 0.7%
Blucora, Inc. (a)		7,350		122,304
Boston Private Financial Holdings, Inc.		25,630		341,392
BrightSphere Investment Group, Inc.		7,030		143,271
Virtus Investment Partners, Inc.		920		216,660
Waddell & Reed Financial, Inc. - Class A		10,140		254,007
				1,077,634
AUTOMOTIVE - 1.2%
American Axle & Manufacturing Holdings, Inc. (a)		12,360		119,398
Cooper Tire & Rubber Co.		6,440		360,511
Dorman Products, Inc. (a)		4,390		450,590
Gentherm, Inc. (a)		4,820		357,210
Methode Electronics, Inc.		8,170		342,976
Standard Motor Products, Inc.		3,290		136,798
				1,767,483
BANKING - 11.3%
Allegiance Bancshares, Inc.		6,260		253,780
Ameris Bancorp		10,274		539,488
Axos Financial, Inc. (a)		8,590		403,816
Banc of California, Inc.		10,340		186,947
BankUnited, Inc.		6,630		291,389
Banner Corp.		6,070		323,713
Berkshire Hills Bancorp, Inc.		14,650		326,988

Schedule of Portfolio Investments (Continued)
Praxis Small Cap Index Fund
COMMON STOCKS - 98.6% (Continued)	Shares		Fair Value
BANKING - 11.3% (Continued)
Brookline Bancorp, Inc.		12,520	$	187,800
Cadence BanCorp.		22,220		460,621
Central Pacific Financial Corp.		11,560		308,421
City Holding Co.		1,380		112,856
Columbia Banking System, Inc.		10,590		456,323
Community Bank System, Inc.		7,080		543,178
Customers Bancorp, Inc. (a)		6,950		221,149
CVB Financial Corp.		17,620		389,226
Dime Community Bancshares, Inc.		5,009		150,971
Eagle Bancorp, Inc.		5,790		308,086
FB Financial Corp.		3,776		167,881
First BanCorp.		38,970		438,802
First Commonwealth Financial Corp.		17,510		251,619
First Financial Bancorp		15,720		377,280
First Hawaiian, Inc.		10,410		284,922
First Midwest Bancorp, Inc.		18,900		414,099
Flagstar Bancorp, Inc.		6,160		277,816
Great Western Bancorp, Inc. (b)		11,480		347,729
Hanmi Financial Corp.		9,870		194,735
Heritage Financial Corp.		6,310		178,194
Hilltop Holdings, Inc.		3,210		109,557
HomeStreet, Inc.		5,810		256,047
Hope Bancorp, Inc.		22,210		334,483
Independent Bank Corp.		5,580		469,780
Independent Bank Group, Inc.		4,980		359,755
Meta Financial Group, Inc.		6,750		305,843
National Bank Holdings Corp. - Class A		6,570		260,698
NBT Bancorp, Inc.		7,000		279,300
Northwest Bancshares, Inc.		23,090		333,650
OFG Bancorp		7,240		163,769
Old National Bancorp		29,470		569,950
Pacific Premier Bancorp, Inc.		15,026		652,729
Park National Corp.		2,050		265,065
Preferred Bank		2,910		185,309
Provident Financial Services, Inc.		9,430		210,100
Renasant Corp.		6,090		252,004
S&T Bancorp, Inc.		5,970		199,995
Seacoast Banking Corp. of Florida (a)		8,510		308,402

Schedule of Portfolio Investments (Continued)
Praxis Small Cap Index Fund
COMMON STOCKS - 98.6% (Continued)	Shares		Fair Value
BANKING - 11.3% (Continued)
ServisFirst Bancshares, Inc.		10,670	$	654,391
Simmons First National Corp. - Class A		19,010		564,027
Southside Bancshares, Inc.		4,987		192,049
Triumph Bancorp, Inc. (a)		5,040		390,046
TrustCo Bank Corp.		23,830		175,627
United Community Banks, Inc.		12,060		411,487
Veritex Holdings, Inc.		13,050		426,996
WSFS Financial Corp.		5,460		271,853
				17,000,741
BEVERAGES - 0.4%
Celsius Holdings, Inc. (a)		2,700		129,735
Coca-Cola Consolidated, Inc.		830		239,687
National Beverage Corp.		4,440		217,161
				586,583
BIOTECH & PHARMA - 1.7%
Coherus Biosciences, Inc. (a)		11,690		170,791
Collegium Pharmaceutical, Inc. (a)		4,730		112,101
Cytokinetics, Inc. (a)		10,200		237,252
Eagle Pharmaceuticals, Inc. (a)		3,150		131,481
Enanta Pharmaceuticals, Inc. (a)		4,780		235,750
Endo International plc (a)		31,780		235,490
Heska Corp. (a) (b)		1,950		328,497
Innoviva, Inc. (a) (b)		11,970		143,041
Pacira BioSciences, Inc. (a)		4,700		329,423
REGENXBIO, Inc. (a)		5,140		175,325
Supernus Pharmaceuticals, Inc. (a)		10,380		271,748
Vanda Pharmaceuticals, Inc. (a)		10,890		163,568
				2,534,467
CHEMICALS - 4.0%
AdvanSix, Inc. (a)		4,140		111,035
Balchem Corp.		5,600		702,296
FutureFuel Corp.		18,910		274,762
GCP Applied Technologies, Inc. (a)		6,470		158,774
H.B. Fuller Co.		10,240		644,198
Innospec, Inc.		5,910		606,898
Materion Corp.		2,060		136,454
Quaker Chemical Corp.		2,730		665,492
Rogers Corp. (a)		3,610		679,438

Schedule of Portfolio Investments (Continued)
Praxis Small Cap Index Fund
COMMON STOCKS - 98.6% (Continued)	Shares		Fair Value
CHEMICALS - 4.0% (Continued)
Stepan Co.		3,960	$	503,356
Trinseo S.A. (b)		9,710		618,236
WD-40 Co.		2,860		875,675
				5,976,614
COMMERCIAL SUPPORT SERVICES - 3.6%
ABM Industries, Inc.		13,350		680,984
AMN Healthcare Services, Inc. (a)		9,180		676,566
Brady Corp. - Class A		12,560		671,332
CorVel Corp. (a)		2,390		245,190
Harsco Corp. (a)		14,500		248,675
Heidrick & Struggles International, Inc.		6,300		225,036
HMS Holdings Corp. (a)		14,460		534,658
Kelly Services, Inc. - Class A (a)		11,930		265,681
Korn Ferry		8,880		553,846
TrueBlue, Inc. (a)		7,400		162,948
UniFirst Corp.		3,470		776,274
US Ecology, Inc. (b)		5,630		234,433
Viad Corp. (a)		2,740		114,395
				5,390,018
CONSTRUCTION MATERIALS - 0.1%
Apogee Enterprises, Inc.		4,720		192,954
CONSUMER SERVICES - 0.7%
American Public Education, Inc. (a)		5,580		198,815
Medifast, Inc.		1,800		381,276
Perdoceo Education Corp. (a)		16,740		200,211
Regis Corp. (a) (b)		18,070		226,959
				1,007,261
CONTAINERS & PACKAGING - 0.1%
Myers Industries, Inc.		10,200		201,552
E-COMMERCE DISCRETIONARY - 0.3%
Liquidity Services, Inc. (a)		6,200		115,196
PetMed Express, Inc.		8,210		288,787
				403,983
ELECTRIC UTILITIES - 0.3%
Avista Corp.		10,420		497,555

Schedule of Portfolio Investments (Continued)
Praxis Small Cap Index Fund
COMMON STOCKS - 98.6% (Continued)	Shares		Fair Value
ELECTRICAL EQUIPMENT - 3.1%
AAON, Inc.		8,190	$	573,382
Advanced Energy Industries, Inc. (b)		6,290		686,679
Alarm.com Holdings, Inc. (a)		7,330		633,165
Badger Meter, Inc.		6,300		586,341
FARO Technologies, Inc. (a)		5,290		457,955
Itron, Inc. (a)		7,090		628,529
Mesa Laboratories, Inc.		1,460		355,510
OSI Systems, Inc. (a)		2,550		245,055
SPX Corp. (a)		7,870		458,585
Watts Water Technologies, Inc. - Class A		970		115,246
				4,740,447
ENGINEERING & CONSTRUCTION - 1.5%
Aegion Corp. (a)		7,920		227,700
Arcosa, Inc.		5,970		388,587
Comfort Systems USA, Inc.		5,920		442,638
Exponent, Inc.		5,980		582,751
Granite Construction, Inc. (b)		7,530		303,083
Installed Building Products, Inc.		3,410		378,101
				2,322,860
ENTERTAINMENT CONTENT - 0.3%
AMC Networks, Inc. - Class A (a)		4,380		232,841
Glu Mobile, Inc. (a)		22,080		275,558
				508,399
FOOD - 0.4%
B&G Foods, Inc. (b)		10,010		310,911
Simply Good Foods Co. (The) (a)		3,670		111,641
USANA Health Sciences, Inc. (a)		2,410		235,216
				657,768
FORESTRY, PAPER & WOOD PRODUCTS - 1.2%
Boise Cascade Co.		7,010		419,408
Glatfelter Corp.		11,660		199,969
Mercer International, Inc.		7,600		109,364
Neenah, Inc.		6,890		354,008
UFP Industries, Inc.		9,070		687,869
				1,770,618
GAS & WATER UTILITIES - 1.1%
American States Water Co.		4,290		324,410
California Water Service Group		11,940		672,700

Schedule of Portfolio Investments (Continued)
Praxis Small Cap Index Fund
COMMON STOCKS - 98.6% (Continued)	Shares		Fair Value
GAS & WATER UTILITIES - 1.1% (Continued)
South Jersey Industries, Inc. (b)		31,420	$	709,463
				1,706,573
HEALTH CARE FACILITIES & SERVICES - 3.8%
Addus HomeCare Corp. (a)		2,750		287,623
Community Health Systems, Inc. (a)		11,490		155,345
Covetrus, Inc. (a)		14,650		439,060
Ensign Group, Inc. (The)		8,010		751,658
Fulgent Genetics, Inc. (a) (b)		2,920		282,130
Hanger, Inc. (a)		4,710		107,482
Magellan Health, Inc. (a)		4,370		407,459
MEDNAX, Inc. (a)		9,330		237,635
ModivCare, Inc. (a)		1,030		152,564
NeoGenomics, Inc. (a)		17,840		860,423
Owens & Minor, Inc. (b)		12,410		466,492
Pennant Group, Inc. (The) (a)		4,650		212,970
R1 RCM, Inc. (a)		15,400		380,072
RadNet, Inc. (a)		11,320		246,210
Select Medical Holdings Corp. (a)		16,840		574,244
U.S. Physical Therapy, Inc.		2,080		216,528
				5,777,895
HOME & OFFICE PRODUCTS - 0.6%
HNI Corp.		3,860		152,702
iRobot Corp. (a)		4,050		494,829
Tupperware Brands Corp. (a)		12,090		319,297
				966,828
HOME CONSTRUCTION - 2.4%
American Woodmark Corp. (a)		2,505		246,943
Cavco Industries, Inc. (a)		1,500		338,415
Century Communities, Inc. (a)		2,590		156,229
Interface, Inc.		24,160		301,517
LGI Homes, Inc. (a)		3,980		594,254
M/I Homes, Inc. (a)		3,510		207,336
MDC Holdings, Inc.		10,555		626,967
Meritage Homes Corp. (a)		6,110		561,631
Patrick Industries, Inc.		4,460		379,100
PGT Innovations, Inc. (a)		9,950		251,237
				3,663,629

Schedule of Portfolio Investments (Continued)
Praxis Small Cap Index Fund
COMMON STOCKS - 98.6% (Continued)	Shares		Fair Value
HOUSEHOLD PRODUCTS - 0.6%
Central Garden & Pet Co. (a)		2,180	$	126,461
Clearwater Paper Corp. (a)		2,950		110,979
e.l.f. Beauty, Inc. (a)		4,160		111,613
Inter Parfums, Inc.		2,400		170,232
Quanex Building Products Corp.		11,930		312,924
				832,209
INDUSTRIAL INTERMEDIATE PRODUCTS - 2.3%
AZZ, Inc.		7,130		358,996
Chart Industries, Inc. (a) (b)		4,830		687,550
EnPro Industries, Inc.		5,550		473,249
Gibraltar Industries, Inc. (a)		5,860		536,249
Insteel Industries, Inc.		5,610		173,012
Proto Labs, Inc. (a)		4,900		596,575
Raven Industries, Inc.		9,680		371,034
Standex International Corp.		2,030		194,007
				3,390,672
INDUSTRIAL SUPPORT SERVICES - 1.0%
Applied Industrial Technologies, Inc.		8,380		764,005
DXP Enterprises, Inc. (a)		5,460		164,728
Resideo Technologies, Inc. (a)		21,040		594,380
				1,523,113
INSTITUTIONAL FINANCIAL SERVICES - 0.4%
Piper Sandler Cos.		3,730		408,995
StoneX Group, Inc. (a)		4,090		267,404
				676,399
INSURANCE - 1.7%
Ambac Financial Group, Inc. (a)		8,260		138,272
American Equity Investment Life Holding Co.		9,790		308,679
Assured Guaranty Ltd.		6,380		269,746
eHealth, Inc. (a)		4,420		321,467
Employers Holdings, Inc.		3,240		139,514
NMI Holdings, Inc. - Class A (a)		14,580		344,671
Palomar Holdings, Inc. (a)		4,010		268,831
ProAssurance Corp.		9,820		262,783
Trupanion, Inc. (a) (b)		5,770		439,732
				2,493,695
INTERNET MEDIA & SERVICES - 0.8%
HealthStream, Inc. (a)		5,690		127,115

Schedule of Portfolio Investments (Continued)
Praxis Small Cap Index Fund
COMMON STOCKS - 98.6% (Continued)	Shares		Fair Value
INTERNET MEDIA & SERVICES - 0.8% (Continued)
Shutterstock, Inc.		3,610	$	321,434
Stamps.com, Inc. (a)		2,760		550,648
TechTarget, Inc. (a) (b)		2,580		179,181
				1,178,378
LEISURE FACILITIES & SERVICES - 1.8%
Bloomin' Brands, Inc. (a)		12,830		347,052
Brinker International, Inc. (a) (b)		6,840		486,050
Cheesecake Factory, Inc. (The) (a)		5,670		331,752
Chuy's Holdings, Inc. (a)		3,470		153,790
Dave & Buster's Entertainment, Inc. (a)		9,280		444,512
Dine Brands Global, Inc. (a)		1,590		143,148
Red Robin Gourmet Burgers, Inc. (a)		2,810		112,091
Shake Shack, Inc. - Class A (a)		5,830		657,449
				2,675,844
LEISURE PRODUCTS - 0.9%
Callaway Golf Co.		14,230		380,653
LCI Industries		4,750		628,330
Winnebago Industries, Inc.		3,720		285,361
				1,294,344
MACHINERY - 3.3%
Alamo Group, Inc.		1,800		281,070
Astec Industries, Inc.		4,300		324,306
Enerpac Tool Group Corp.		7,300		190,676
ESCO Technologies, Inc.		3,760		409,426
Federal Signal Corp.		2,910		111,453
Franklin Electric Co., Inc.		6,300		497,322
Hillenbrand, Inc.		16,630		793,417
John Bean Technologies Corp.		5,325		710,036
Lindsay Corp.		3,140		523,187
MTS Systems Corp. (a)		5,460		317,772
SPX FLOW, Inc.		7,180		454,709
Tennant Co.		3,800		303,582
				4,916,956
MEDICAL EQUIPMENT & DEVICES - 3.4%
Cardiovascular Systems, Inc. (a)		8,070		309,404
CONMED Corp.		3,030		395,688
Glaukos Corp. (a)		7,100		595,903

Schedule of Portfolio Investments (Continued)
Praxis Small Cap Index Fund
COMMON STOCKS - 98.6% (Continued)	Shares		Fair Value
MEDICAL EQUIPMENT & DEVICES - 3.4% (Continued)
Integer Holdings Corp. (a)		4,160	$	383,136
Lantheus Holdings, Inc. (a)		10,653		227,654
LeMaitre Vascular, Inc.		2,750		134,145
Luminex Corp.		9,470		302,093
Meridian Bioscience, Inc. (a) (b)		8,520		223,650
Merit Medical Systems, Inc. (a)		8,020		480,237
Myriad Genetics, Inc. (a)		13,280		404,376
Omnicell, Inc. (a)		6,130		796,103
OraSure Technologies, Inc. (a) (b)		14,440		168,515
Tactile Systems Technology, Inc. (a)		3,830		208,697
Varex Imaging Corp. (a)		8,210		168,223
Vericel Corp. (a)		6,480		359,964
				5,157,788
METALS & MINING - 0.6%
Arconic Corp. (a)		14,750		374,503
Century Aluminum Co. (a)		6,090		107,549
Encore Wire Corp.		3,690		247,710
Kaiser Aluminum Corp.		1,740		192,270
				922,032
OIL & GAS PRODUCERS - 0.0% (c)
Penn Virginia Corp. (a)		410		5,494
OIL & GAS SERVICES & EQUIPMENT - 1.4%
Core Laboratories N.V.		39,490		1,136,917
DMC Global, Inc. (a)		3,490		189,368
Matrix Service Co. (a)		24,430		320,277
NOW, Inc. (a)		19,710		198,874
U.S. Silica Holdings, Inc. (a)		16,680		204,997
				2,050,433
PUBLISHING & BROADCASTING - 0.6%
E.W. Scripps Co. (The) - Class A		9,180		176,898
Gannett Co., Inc. (a)		44,487		239,340
Meredith Corp. (a)		5,370		159,919
Scholastic Corp.		8,410		253,225
				829,382

Schedule of Portfolio Investments (Continued)
Praxis Small Cap Index Fund
COMMON STOCKS - 98.6% (Continued)	Shares		Fair Value
REAL ESTATE OWNERS & DEVELOPERS - 0.1%
St. Joe Co. (The)		5,140	$	220,506
REAL ESTATE SERVICES - 0.7%
Investors Real Estate Trust		3,050		207,400
Marcus & Millichap, Inc. (a)		9,260		312,062
RE/MAX Holdings, Inc. - Class A		4,650		183,164
Realogy Holdings Corp. (a)		25,680		388,538
				1,091,164
REITS - 8.3%
Acadia Realty Trust		17,540		332,734
Agree Realty Corp. (b)		9,030		607,809
Alexander & Baldwin, Inc.		14,570		244,630
American Assets Trust, Inc.		6,220		201,777
Armada Hoffler Properties, Inc.		17,570		220,328
ARMOUR Residential REIT, Inc.		16,350		199,470
Brandywine Realty Trust		38,600		498,326
CareTrust REIT, Inc.		16,990		395,612
Chatham Lodging Trust (a)		14,320		188,451
Community Healthcare Trust, Inc.		5,180		238,902
DiamondRock Hospitality Co. (a)		41,780		430,334
Diversified Healthcare Trust		65,960		315,289
Easterly Government Properties, Inc.		9,670		200,459
Essential Properties Realty Trust, Inc.		14,970		341,765
Four Corners Property Trust, Inc.		12,660		346,884
Franklin Street Properties Corp.		32,340		176,253
Getty Realty Corp.		8,140		230,525
Global Net Lease, Inc.		16,180		292,211
Hersha Hospitality Trust (a)		18,960		200,028
Independence Realty Trust, Inc.		16,080		244,416
Industrial Logistics Properties Trust		10,050		232,456
Innovative Industrial Properties, Inc. (b)		3,480		626,957
iStar, Inc.		14,210		252,654
Kite Realty Group Trust (b)		10,900		210,261
Lexington Realty Trust		32,120		356,853
LTC Properties, Inc.		7,200		300,384
Mack-Cali Realty Corp.		6,970		107,896
Matson, Inc.		6,440		429,548
National Storage Affiliates Trust		10,520		420,064

Schedule of Portfolio Investments (Continued)
Praxis Small Cap Index Fund
COMMON STOCKS - 98.6% (Continued)	Shares		Fair Value
REITS - 8.3% (Continued)
Office Properties Income Trust		8,140	$	224,013
Retail Opportunity Investments Corp.		22,870		362,947
Retail Properties of America, Inc. - Class A		45,460		476,421
RPT Realty		19,470		222,153
Safehold, Inc.		3,430		240,443
Saul Centers, Inc.		3,420		137,176
SITE Centers Corp.		26,930		365,171
Summit Hotel Properties, Inc. (a) (b)		24,240		246,278
Tanger Factory Outlet Centers, Inc.		19,350		292,765
Uniti Group, Inc.		35,680		393,550
Universal Health Realty Income Trust		1,680		113,870
Washington Real Estate Investment Trust		9,510		210,171
Xenia Hotel & Resorts, Inc.		18,240		355,680
				12,483,914
RENEWABLE ENERGY - 0.3%
Renewable Energy Group, Inc. (a)		5,840		385,674
RETAIL - CONSUMER STAPLES - 0.6%
Big Lots, Inc.		5,740		392,042
PriceSmart, Inc.		2,690		260,257
SpartanNash Co.		9,200		180,596
				832,895
RETAIL - DISCRETIONARY - 7.2%
Abercrombie & Fitch Co. - Class A (a)		13,550		464,900
America's Car-Mart, Inc. (a)		870		132,562
Asbury Automotive Group, Inc. (a) (b)		3,100		609,150
Bed Bath & Beyond, Inc. (a)		19,560		570,174
Boot Barn Holdings, Inc. (a)		4,560		284,134
Buckle, Inc. (The)		5,380		211,326
Caleres, Inc.		10,210		222,578
Chico's FAS, Inc. (a)		40,780		134,982
Children's Place, Inc. (The) (a) (b)		4,250		296,225
Designer Brands, Inc. - Class A (a)		11,180		194,532
Ethan Allen Interiors, Inc.		16,450		454,184
GameStop Corp. - Class A (a)		8,560		1,624,859
Genesco, Inc. (a)		3,300		156,750
GMS, Inc. (a) (b)		7,050		294,337
Group 1 Automotive, Inc. (b)		3,050		481,259

Schedule of Portfolio Investments (Continued)
Praxis Small Cap Index Fund
COMMON STOCKS - 98.6% (Continued)	Shares		Fair Value
RETAIL - DISCRETIONARY - 7.2% (Continued)
Guess?, Inc. (b)		9,260	$	217,610
Hibbett Sports, Inc. (a)		5,140		354,095
La-Z-Boy, Inc.		6,970		296,086
Lumber Liquidators Holdings, Inc. (a)		8,400		211,008
Macy's, Inc. (a)		66,210		1,071,940
MarineMax, Inc. (a) (b)		3,780		186,581
Michaels Cos., Inc. (The) (a)		13,040		286,098
Monro, Inc.		6,250		411,250
ODP Corp. (The) (a)		7,677		332,337
Sally Beauty Holdings, Inc. (a)		15,060		303,158
Signet Jewelers Ltd. (a)		2,170		125,817
Sleep Number Corp. (a)		4,070		584,004
Sonic Automotive, Inc. - Class A (b)		4,410		218,604
Zumiez, Inc. (a)		4,180		179,322
				10,909,862
SEMICONDUCTORS - 3.3%
Axcelis Technologies, Inc. (a)		7,890		324,200
CEVA, Inc. (a)		4,260		239,199
Cohu, Inc. (a)		7,270		304,177
CTS Corp.		6,010		186,671
Diodes, Inc. (a)		6,230		497,403
FormFactor, Inc. (a)		11,450		516,509
Kulicke & Soffa Industries, Inc.		9,850		483,734
MaxLinear, Inc. (a)		8,600		293,088
Onto Innovation, Inc. (a)		10,847		712,756
Photronics, Inc. (a) (b)		16,690		214,633
Power Integrations, Inc.		6,080		495,398
Rambus, Inc. (a) (b)		13,445		261,371
Ultra Clean Holdings, Inc. (a)		5,050		293,102
Veeco Instruments, Inc. (a)		8,620		178,779
				5,001,020
SOFTWARE - 3.0%
Agilysys, Inc. (a)		6,190		296,872
Allscripts Healthcare Solutions, Inc. (a) (b)		16,430		246,696
BM Technologies, Inc. - Class A (a) (d)		1,069		12,454
Bottomline Technologies (de), Inc. (a)		5,810		262,903
Digi International, Inc. (a)		5,920		112,421
Donnelley Financial Solutions, Inc. (a)		6,550		182,286

Schedule of Portfolio Investments (Continued)
Praxis Small Cap Index Fund
COMMON STOCKS - 98.6% (Continued)	Shares		Fair Value
SOFTWARE - 3.0% (Continued)
Ebix, Inc.		7,800	$	249,834
LivePerson, Inc. (a) (b)		9,500		501,030
MicroStrategy, Inc. - Class A (a) (b)		1,230		834,924
NextGen Healthcare, Inc. (a)		9,550		172,855
PDF Solutions, Inc. (a)		9,190		163,398
Progress Software Corp.		6,410		282,425
Simulations Plus, Inc.		2,170		137,231
SPS Commerce, Inc. (a)		5,620		558,122
Tabula Rasa HealthCare, Inc. (a) (b)		4,720		217,356
Xperi Holding Corp.		13,121		285,644
				4,516,451
SPECIALTY FINANCE - 2.6%
Apollo Commercial Real Estate Finance, Inc.		31,690		442,709
Capstead Mortgage Corp.		27,500		171,325
Deluxe Corp.		8,680		364,213
Encore Capital Group, Inc. (a)		4,100		164,943
Enova International, Inc. (a)		7,260		257,585
Granite Point Mortgage Trust, Inc.		14,530		173,924
Invesco Mortgage Capital, Inc. (b)		43,621		174,920
KKR Real Estate Finance Trust, Inc.		6,670		122,661
Mr. Cooper Group, Inc. (a)		10,090		350,728
New York Mortgage Trust, Inc.		75,880		339,184
PennyMac Mortgage Investment Trust		15,630		306,348
PRA Group, Inc. (a)		6,920		256,525
Redwood Trust, Inc.		19,810		206,222
Stewart Information Services Corp.		3,830		199,275
Walker & Dunlop, Inc.		4,340		445,892
				3,976,454
STEEL - 0.2%
Allegheny Technologies, Inc. (a)		14,220		299,473
TECHNOLOGY HARDWARE - 3.4%
3D Systems Corp. (a)		17,100		469,224
ADTRAN, Inc.		14,390		240,025
Benchmark Electronics, Inc.		7,800		241,176
CalAmp Corp. (a)		10,560		114,576
Comtech Telecommunications Corp.		4,570		113,519
Daktronics, Inc. (a)		23,460		147,094

Schedule of Portfolio Investments (Continued)
Praxis Small Cap Index Fund
COMMON STOCKS - 98.6% (Continued)	Shares		Fair Value
TECHNOLOGY HARDWARE - 3.4% (Continued)
Diebold Nixdorf, Inc. (a) (b)		8,910	$	125,898
Extreme Networks, Inc. (a)		29,990		262,413
Harmonic, Inc. (a)		17,410		136,495
Knowles Corp. (a) (b)		18,120		379,070
NETGEAR, Inc. (a)		4,710		193,581
Pitney Bowes, Inc.		38,270		315,345
Plantronics, Inc. (a)		5,500		214,005
Plexus Corp. (a) (b)		4,900		450,016
Sanmina Corp. (a) (b)		13,090		541,664
TTM Technologies, Inc. (a)		16,420		238,090
Universal Electronics, Inc. (a)		2,770		152,267
Viavi Solutions, Inc. (a) (b)		37,780		593,146
Vicor Corp. (a)		1,970		167,509
				5,095,113
TECHNOLOGY SERVICES - 3.0%
Cardtronics plc - Class A (a)		18,710		725,948
CSG Systems International, Inc.		3,800		170,582
EVERTEC, Inc.		10,810		402,348
ExlService Holdings, Inc. (a)		5,430		489,569
Green Dot Corp. - Class A (a)		7,600		348,004
Insight Enterprises, Inc. (a)		8,860		845,421
NIC, Inc.		11,920		404,446
Perficient, Inc. (a)		5,160		302,995
Sykes Enterprises, Inc. (a)		5,050		222,604
TTEC Holdings, Inc.		3,630		364,634
Unisys Corp. (a)		10,560		268,435
				4,544,986
TELECOMMUNICATIONS - 1.3%
8x8, Inc. (a)		16,250		527,150
ATN International, Inc.		3,340		164,061
Cogent Communications Holdings, Inc.		5,100		350,676
Consolidated Communications Holdings, Inc. (a)		29,970		215,784
Shenandoah Telecommunications Co.		4,620		225,502
Vonage Holdings Corp. (a)		39,210		463,462
				1,946,635
TRANSPORTATION & LOGISTICS - 2.9%
Allegiant Travel Co. (a)		1,900		463,714
ArcBest Corp.		6,890		484,849

Schedule of Portfolio Investments (Continued)
Praxis Small Cap Index Fund
COMMON STOCKS - 98.6% (Continued)	Shares		Fair Value
TRANSPORTATION & LOGISTICS - 2.9% (Continued)
Atlas Air Worldwide Holdings, Inc. (a)		4,200	$	253,848
Bristow Group, Inc. (a)		8,623		223,163
Echo Global Logistics, Inc. (a)		6,670		209,505
Forward Air Corp.		4,620		410,302
Hawaiian Holdings, Inc. (a)		10,110		269,634
Hub Group, Inc. - Class A (a)		3,480		234,134
Marten Transport Ltd.		18,180		308,515
Saia, Inc. (a)		4,610		1,062,974
SEACOR Holdings, Inc. (a)		3,470		141,402
SkyWest, Inc. (a)		5,770		314,350
				4,376,390
TRANSPORTATION EQUIPMENT - 0.4%
Greenbrier Cos., Inc. (The)		6,020		284,264
Meritor, Inc. (a)		12,840		377,753
				662,017
WHOLESALE - CONSUMER STAPLES - 0.5%
Andersons, Inc. (The)		10,490		287,216
Chefs' Warehouse, Inc. (The) (a)		5,600		170,576
United Natural Foods, Inc. (a) (b)		9,910		326,436
				784,228
WHOLESALE - DISCRETIONARY - 0.9%
ePlus, Inc. (a)		2,280		227,179
G-III Apparel Group Ltd. (a)		9,060		273,069
PC Connection, Inc.		2,970		137,778
ScanSource, Inc. (a)		23,700		709,815
				1,347,841
TOTAL COMMON STOCKS (COST $98,652,153)			$	148,698,291

Schedule of Portfolio Investments (Continued)
Praxis Small Cap Index Fund
RIGHTS - 0.0% (c)	Shares		Fair Value
Lantheus Holdings, Inc., CVR (a) (e) (Cost $0)		28,980	$	2,608

CORPORATE NOTES - 0.9%	Coupon			Maturity		Principal Amount		Fair Value
COMMUNITY DEVELOPMENT - 0.9%
Calvert Social Investment Foundation, Inc. (d)		2.000	%		06/15/22	$	70,000	$	70,000
Calvert Social Investment Foundation, Inc. (d)		3.000	%		06/15/23		330,000		330,000
Calvert Social Investment Foundation, Inc. (d)		3.000	%		12/15/23		330,000		330,000
Calvert Social Investment Foundation, Inc. (d)		3.000	%		06/17/24		60,000		60,000
Calvert Social Investment Foundation, Inc. (d)		3.000	%		12/15/24		90,000		90,000
Calvert Social Investment Foundation, Inc. (d)		2.500	%		06/13/25		150,000		149,700
Calvert Social Investment Foundation, Inc. (d)		2.500	%		12/15/25		280,000		280,000
TOTAL CORPORATE NOTES (COST $1,310,000)								$	1,309,700

MONEY MARKET FUNDS - 0.3%	Shares		Fair Value
First American Government Obligations Fund -  Class X, 0.04% (f) (COST $479,389)		479,389	$	479,389

Schedule of Portfolio Investments (Continued)
Praxis Small Cap Index Fund
COLLATERAL FOR SECURITIES LOANED - 7.5%	Shares		Fair Value
Mount Vernon Liquid Assets Portfolio, LLC, 0.11% (f) (g) (COST $11,305,106)		11,305,106	$	11,305,106
TOTAL INVESTMENTS - (COST $111,746,648) - 107.3%			$	161,795,094
LIABILITIES IN EXCESS OF OTHER ASSETS - (7.3%)				(11,060,406	)
NET ASSETS - 100.0%			$	150,734,688

^(a) Non-income producing security.

^(b) All or a portion of the security is on loan. The total value of the securities on loan as of March 31, 2021 was $11,150,011.

^(c) Percentage rounds to less than 0.1%.

^(d) Restricted and/or illiquid securities not registered under the Securities Act of 1933 are as follows:

	Acquisition	Current		Fair		% of Net
	Date	Cost		Value		Assets
BM Technologies, Inc. - Class A	01/08/21	$	14,383	$	12,454		0.0	%(c)
Calvert Social Investment Foundation, Inc. 2.000%, 06/15/22	06/17/19		70,000		70,000		0.1	%
Calvert Social Investment Foundation, Inc. 3.000%, 06/15/23	06/18/18		330,000		330,000		0.2	%
Calvert Social Investment Foundation, Inc. 3.000%, 12/15/23	12/17/18		330,000		330,000		0.2	%
Calvert Social Investment Foundation, Inc. 3.000%, 06/17/24	06/17/19		60,000		60,000		0.0	%(c)
Calvert Social Investment Foundation, Inc. 3.000%, 12/13/24	12/12/19		90,000		90,000		0.1	%
Calvert Social Investment Foundation, Inc. 2.500%, 06/13/25	06/12/20		150,000		149,700		0.1	%
Calvert Social Investment Foundation, Inc. 2.500%, 12/15/25	12/15/20		280,000		280,000		0.2	%
		$	1,324,383	$	1,322,154		0.9	%

^(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 $2,608 as of March 31, 2021, representing 0.0% ^(c) of net assets.

^(f) The rate shown is the 7-day effective yield as of March 31, 2021.

^(g) The security was purchased with cash collateral held from securities on loan.

CVR - Contingent Value Right

plc - Public Liability Company

REIT - Real Estate Investment Trust

Schedule of Portfolio Investments
Praxis Genesis Conservative Portfolio
March 31, 2021 (Unaudited)
AFFILIATED MUTUAL FUNDS - 100.0%	Shares		Fair Value
DEBT FUND - 69.6%
Praxis Impact Bond Fund - Class I		1,821,475	$	19,562,646
EQUITY FUND - 30.4%
Praxis Growth Index Fund - Class I		76,671		2,687,303
Praxis International Index Fund - Class I		190,986		2,542,024
Praxis Small Cap Index Fund - Class I		53,936		681,748
Praxis Value Index Fund - Class I		166,489		2,630,522
				8,541,597
TOTAL AFFILIATED MUTUAL FUNDS (COST $23,320,000)			$	28,104,243

MONEY MARKET FUNDS - 0.0% (a)	Shares		Fair Value
First American Government Obligations Fund -  Class X, 0.04% (b) (COST $5,470)		5,470	$	5,470
TOTAL INVESTMENTS - (COST $23,325,470) - 100.0%			$	28,109,713
LIABILITIES IN EXCESS OF OTHER ASSETS - (0.0%) (a)				(5,746	)
NET ASSETS - 100.0%			$	28,103,967

^(a) Percentage rounds to less than 0.1%.

^(b) The rate shown is the 7-day effective yield as of March 31, 2021.

Schedule of Portfolio Investments
Praxis Genesis Balanced Portfolio
March 31, 2021 (Unaudited)
AFFILIATED MUTUAL FUNDS - 100.0%	Shares		Fair Value
DEBT FUND - 39.7%
Praxis Impact Bond Fund - Class I		3,332,078	$	35,786,513
EQUITY FUND - 60.3%
Praxis Growth Index Fund - Class I		424,433		14,876,388
Praxis International Index Fund - Class I		1,219,768		16,235,111
Praxis Small Cap Index Fund - Class I		690,497		8,727,880
Praxis Value Index Fund - Class I		922,547		14,576,248
				54,415,627
TOTAL AFFILIATED MUTUAL FUNDS (COST $64,554,230)			$	90,202,140

MONEY MARKET FUNDS - 0.0% (a)	Shares		Fair Value
First American Government Obligations Fund -  Class X, 0.04% (b) (COST $264)		264	$	264
TOTAL INVESTMENTS - (COST $64,554,494) - 100.0%			$	90,202,404
LIABILITIES IN EXCESS OF OTHER ASSETS - (0.0%) (a)				(27,287	)
NET ASSETS - 100.0%			$	90,175,117

^(a) Percentage rounds to less than 0.1%.

^(b) The rate shown is the 7-day effective yield as of March 31, 2021.

Schedule of Portfolio Investments
Praxis Genesis Growth Portfolio
March 31, 2021 (Unaudited)
AFFILIATED MUTUAL FUNDS - 100.0%	Shares		Fair Value
DEBT FUND - 19.8%
Praxis Impact Bond Fund - Class I		1,657,984	$	17,806,748
EQUITY FUND - 80.2%
Praxis Growth Index Fund - Class I		540,970		18,961,011
Praxis International Index Fund - Class I		1,617,697		21,531,541
Praxis Small Cap Index Fund - Class I		1,030,361		13,023,757
Praxis Value Index Fund - Class I		1,176,256		18,584,843
				72,101,152
TOTAL AFFILIATED MUTUAL FUNDS (COST $59,245,306)			$	89,907,900

MONEY MARKET FUNDS - 0.0% (a)	Shares		Fair Value
First American Government Obligations Fund -  Class X, 0.04% (b) (COST $69)		69	$	69
TOTAL INVESTMENTS - (COST $59,245,375) - 100.0%			$	89,907,969
LIABILITIES IN EXCESS OF OTHER ASSETS - (0.0%) (a)				(37,459	)
NET ASSETS - 100.0%			$	89,870,510

^(a) Percentage rounds to less than 0.1%.

^(b) The rate shown is the 7-day effective yield as of March 31, 2021.