Praxis Growth Index Fund Class I NPORTP Praxis Genesis Conservative Portfolio (Sep 2024 report)

Schedule of Portfolio Investments

Praxis Impact Bond Fund

September 30, 2024 (Unaudited)

MUNICIPAL BONDS - 1.1%	Coupon			Maturity	Principal Amount		Fair Value
American Municipal Power Ohio, Inc., Rev. Taxable-Hydroelectric Projects, Series 2010-A		7.334	%	02/15/28	$	1,000,000	$	1,052,003
Findlay City School District, Series 2010-B		6.250	%	12/01/37		270,000		270,524
Houston, Texas, Independent School District, Series 2009A-2		6.168	%	02/15/34		1,000,000		1,002,330
Massachusetts St., Series 2016-F		3.277	%	06/01/46		3,100,000		2,589,616
University of Texas, Permanent University Fund, Series 2017-A		3.376	%	07/01/47		3,000,000		2,483,275
University of Texas, Rev., Series 2020 B		2.439	%	08/15/49		1,875,000		1,253,988
University of Virginia, Rev., Series 2009		6.200	%	09/01/39		2,000,000		2,241,072
TOTAL MUNICIPAL BONDS (COST $11,249,137)							$	10,892,808

CORPORATE BONDS - 29.9%	Coupon			Maturity	Principal Amount		Fair Value
APPAREL & TEXTILE PRODUCTS - 0.1%
VF Corp.		2.400	%	04/23/25	$	536,000	$	527,012

ASSET MANAGEMENT - 0.1%
Ameriprise Financial, Inc.		3.000	%	04/02/25		730,000		723,946

AUTOMOTIVE - 0.3%
BorgWarner, Inc.		2.650	%	07/01/27		601,000		577,472
Honda Motor Co. Ltd.		2.967	%	03/10/32		760,000		693,753
Hyundai Capital Services, Inc. ^(a)		1.250	%	02/08/26		200,000		191,195
Magna International, Inc.		2.450	%	06/15/30		1,250,000		1,129,050
								2,591,470
BANKING - 3.1%
Bank of America Corp., Series N		2.456	%	10/22/25		1,000,000		998,221
Bank of America Corp., Series N		1.530	%	12/06/25		2,000,000		1,985,940
Bank of America Corp., Series N		4.271	%	07/23/29		1,000,000		997,365
Bank of America Corp., Series N		2.572	%	10/20/32		1,500,000		1,315,253
Bank of Montreal ^(b)		5.203	%	02/01/28		1,750,000		1,804,580

Schedule of Portfolio Investments (Continued)

Praxis Impact Bond Fund

CORPORATE BONDS - 29.9% (Continued)	Coupon			Maturity	Principal Amount		Fair Value
BANKING - 3.1% (Continued)
Bank of New York Mellon Corp. (The), Series J		4.967	%	04/26/34	$	2,000,000	$	2,048,883
Citigroup, Inc.		3.700	%	01/12/26		1,750,000		1,738,212
Citigroup, Inc.		2.014	%	01/25/26		1,000,000		989,890
Citigroup, Inc.		2.572	%	06/03/31		2,000,000		1,799,826
ING Groep N.V. ^(a)		4.625	%	01/06/26		1,250,000		1,252,887
JPMorgan Chase & Co.		3.200	%	06/15/26		2,557,000		2,519,519
JPMorgan Chase & Co.		2.739	%	10/15/30		2,000,000		1,852,814
KeyBank National Association ^(b)		4.150	%	08/08/25		1,000,000		992,566
M&T Bank Corp.		4.553	%	08/16/28		1,500,000		1,502,025
PNC Financial Services Group, Inc. (The)		4.758	%	01/26/27		1,500,000		1,505,435
PNC Financial Services Group, Inc. (The)		5.582	%	06/12/29		1,000,000		1,040,880
Regions Financial Corp.		2.250	%	05/18/25		1,000,000		982,379
State Street Corp. ^(b)		7.350	%	06/15/26		1,000,000		1,048,691
State Street Corp. ^(c)		4.164	%	08/04/33		1,000,000		972,858
Toronto-Dominion Bank, Series C ^(b)		5.264	%	12/11/26		2,000,000		2,049,722
Truist Financial Corp. (SOFR + 60.90) ^(c)		1.267	%	03/02/27		1,000,000		953,566
UBS AG London		5.650	%	09/11/28		550,000		576,803
								30,928,315
BEVERAGES - 0.1%
Coca-Cola Co. (The)		3.450	%	03/25/30		500,000		487,775
Coca-Cola Femsa S.A.B. de C.V.		1.850	%	09/01/32		1,000,000		821,569
								1,309,344
BIOTECH & PHARMA - 0.4%
AbbVie, Inc.		2.950	%	11/21/26		500,000		489,469
Amgen, Inc.		3.000	%	02/22/29		2,500,000		2,388,051
Gilead Sciences, Inc.		3.650	%	03/01/26		750,000		743,944
								3,621,464
CABLE & SATELLITE - 0.4%
Comcast Corp. ^(b)		3.300	%	04/01/27		500,000		491,919
Comcast Corp. ^(b)		4.650	%	02/15/33		1,000,000		1,014,300
Comcast Corp.		2.937	%	11/01/56		672,000		439,188
Time Warner Cable, Inc.		4.500	%	09/15/42		500,000		383,135
WarnerMedia Holdings, Inc.		4.054	%	03/15/29		1,500,000		1,421,003
								3,749,545
CHEMICALS - 0.6%
Air Products and Chemicals, Inc.		4.850	%	02/08/34		1,000,000		1,031,178

Schedule of Portfolio Investments (Continued)

Praxis Impact Bond Fund

CORPORATE BONDS - 29.9% (Continued)	Coupon			Maturity	Principal Amount		Fair Value
CHEMICALS - 0.6% (Continued)
Avery Dennison Corp.		2.650	%	04/30/30	$	1,250,000	$	1,140,591
DowDuPont, Inc.		4.493	%	11/15/25		1,500,000		1,497,351
Ecolab, Inc.		4.800	%	03/24/30		140,000		144,479
Ecolab, Inc.		2.750	%	08/18/55		1,470,000		979,046
LG Chemical Ltd. ^(a)		3.250	%	10/15/24		290,000		289,789
Nutrien Ltd.		5.875	%	12/01/36		840,000		899,817
								5,982,251
CONSTRUCTION MATERIALS - 0.3%
Carlisle Cos., Inc.		3.500	%	12/01/24		1,250,000		1,246,609
Owens Corning		4.200	%	12/01/24		1,000,000		998,588
Owens Corning		3.950	%	08/15/29		300,000		293,183
								2,538,380
CONSUMER SERVICES - 4.3%
Andrew W. Mellon Funding		0.947	%	08/01/27		1,050,000		971,230
California Endowment (The)		2.498	%	04/01/51		4,500,000		2,975,046
Conservation Fund, Series 2019		3.474	%	12/15/29		535,000		498,303
Ford Foundation (The), Series 2017		3.859	%	06/01/47		4,620,000		3,973,043
Ford Foundation (The), Series 2020		2.415	%	06/01/50		235,000		154,987
John D. & Catherine T. MacArthur Foundation, Series 2020		1.299	%	12/01/30		1,500,000		1,247,406
Leland Stanford Junior University (The)		3.460	%	05/01/47		2,415,000		1,977,242
Local Initiatives Support Corp.		4.649	%	03/01/37		1,500,000		1,390,692
Massachusetts Institute of Technology, Series D-2		3.959	%	07/01/38		1,700,000		1,644,713
Massachusetts Institute of Technology, Series F		2.989	%	07/01/50		1,000,000		752,641
President & Fellows of Harvard College, Series 2024-A ^(b)		4.609	%	02/15/35		2,000,000		2,049,785
President & Fellows of Harvard College, Series 2016-B		3.150	%	07/15/46		3,961,000		3,137,512
President & Fellows of Harvard College, Series 2020-B		2.517	%	10/15/50		1,600,000		1,084,283
President & Fellows of Harvard College, Series 2022-A		3.745	%	11/15/52		700,000		598,963
Rockefeller Foundation (The)		2.492	%	10/01/50		4,290,000		2,874,549
Stanford University California, Series 2020-A		2.413	%	06/01/50		4,400,000		2,918,811

Schedule of Portfolio Investments (Continued)

Praxis Impact Bond Fund

CORPORATE BONDS - 29.9% (Continued)	Coupon			Maturity	Principal Amount		Fair Value
CONSUMER SERVICES - 4.3% (Continued)
Trustees of Princeton University (The) ^(b)		2.516	%	07/01/50	$	6,650,000	$	4,646,805
University of Notre Dame, Series 2017		3.394	%	02/15/48		3,424,000		2,800,987
W.K. Kellogg Foundation Trust, Series 2020 ^(a)(b)		2.443	%	10/01/50		3,950,000		2,561,369
Yale University ^(b)		2.402	%	04/15/50		6,765,000		4,498,070
								42,756,437
CONTAINERS & PACKAGING - 0.3%
CCL Industries, Inc. ^(a)		3.050	%	06/01/30		1,750,000		1,605,414
Sonoco Products Co.		5.750	%	11/01/40		1,000,000		1,037,373
								2,642,787
DIVERSIFIED INDUSTRIALS - 0.1%
Illinois Tool Works, Inc.		3.900	%	09/01/42		1,000,000		881,215

ELECTRIC UTILITIES - 4.8%
Ameren Illinois Co.		5.900	%	12/01/52		2,250,000		2,506,051
Avangrid, Inc.		3.150	%	12/01/24		1,800,000		1,793,239
Avista Corp.		4.000	%	04/01/52		1,000,000		808,734
Caledonia Generating, LLC ^(a)		1.950	%	02/28/34		1,529,197		1,305,382
CenterPoint Energy, Inc., Series AL		5.300	%	04/01/53		1,000,000		1,017,195
Consolidated Edison Co.		3.350	%	04/01/30		1,000,000		961,966
DTE Electric Co.		4.050	%	05/15/48		1,750,000		1,516,392
DTE Electric Co.		3.650	%	03/01/52		750,000		599,580
DTE Energy Co., Series C		4.875	%	06/01/28		1,500,000		1,531,478
Duke Energy Carolinas, LLC		3.550	%	03/15/52		2,200,000		1,697,664
Duke Energy Progress, LLC		3.450	%	03/15/29		1,750,000		1,703,918
Duke Energy Progress, LLC		4.000	%	04/01/52		1,500,000		1,252,934
Electricite de France S.A. ^(a)		3.625	%	10/13/25		1,250,000		1,237,764
Florida Power & Light Co.		3.700	%	12/01/47		1,550,000		1,267,044
Florida Power & Light Co.		2.875	%	12/04/51		2,000,000		1,384,409
Georgia Power Co., Series 2016-A		3.250	%	04/01/26		1,000,000		987,073
Interstate Power & Light Co.		3.600	%	04/01/29		1,250,000		1,214,911
Liberty Utilities Financial Services ^(a)		2.050	%	09/15/30		1,355,000		1,166,612
MidAmerican Energy Co.		3.950	%	08/01/47		1,750,000		1,482,647
Midland Cogeneration Venture, L.P. ^(a)		6.000	%	03/15/25		38,945		38,555
Narragansett Electric Co. ^(a)		3.395	%	04/09/30		1,500,000		1,421,566
National Rural Utilities		1.350	%	03/15/31		2,000,000		1,660,816

Schedule of Portfolio Investments (Continued)

Praxis Impact Bond Fund

CORPORATE BONDS - 29.9% (Continued)	Coupon			Maturity	Principal Amount		Fair Value
ELECTRIC UTILITIES - 4.8% (Continued)
NextEra Energy Capital Holdings, Inc.		6.051	%	03/01/25	$	500,000	$	502,103
Niagara Mohawk Power Corp. ^(a)		1.960	%	06/27/30		1,500,000		1,315,000
Northern States Power Co.		2.900	%	03/01/50		1,500,000		1,048,923
NSTAR Electric Co.		3.950	%	04/01/30		600,000		593,963
NSTAR Electric Co.		5.500	%	03/15/40		1,250,000		1,306,308
NY State Electric & Gas ^(a)		5.650	%	08/15/28		1,650,000		1,719,237
Potomac Electric Power Co.		6.500	%	11/15/37		1,000,000		1,154,621
Public Service Co.		3.700	%	06/15/28		2,250,000		2,217,291
Public Service Electric and Gas Co.		4.650	%	03/15/33		2,500,000		2,535,410
Puget Energy, Inc.		4.223	%	06/15/48		1,000,000		854,714
Rochester Gas & Electric Corp. ^(a)		1.850	%	12/01/30		500,000		426,688
San Diego Gas and Electric Co.		4.500	%	08/15/40		841,000		805,834
Solar Star Funding, LLC ^(a)		3.950	%	06/30/35		231,997		215,898
Solar Star Funding, LLC ^(a)		5.375	%	06/30/35		366,755		370,863
Southern California Edison		4.050	%	03/15/42		1,165,000		1,005,931
Topaz Solar Farms, LLC ^(a)(b)		4.875	%	09/30/39		211,373		191,237
Topaz Solar Farms, LLC ^(a)		5.750	%	09/30/39		505,957		500,721
Union Electric Co.		2.625	%	03/15/51		2,000,000		1,297,279
Westar Energy, Inc.		2.550	%	07/01/26		1,292,000		1,258,577
								47,876,528
ELECTRICAL EQUIPMENT - 0.2%
Johnson Controls International plc		1.750	%	09/15/30		1,800,000		1,560,702
Roper Technologies, Inc.		2.000	%	06/30/30		440,000		386,537
								1,947,239
FOOD - 1.0%
Campbell Soup Co.		3.950	%	03/15/25		1,500,000		1,493,204
Cargill, Inc. ^(a)		4.760	%	11/23/45		1,500,000		1,441,090
General Mills, Inc.		4.000	%	04/17/25		1,500,000		1,493,206
Hormel Foods Corp.		1.800	%	06/11/30		2,250,000		1,980,575
Ingredion, Inc.		2.900	%	06/01/30		1,000,000		928,358
Mars, Inc. ^(a)		4.650	%	04/20/31		1,000,000		1,008,720
Mars, Inc. ^(a)		3.600	%	04/01/34		1,500,000		1,386,399
								9,731,552
FORESTRY, PAPER & WOOD PRODUCTS - 0.1%
Suzano S.A.		5.500	%	01/17/27		800,000		814,718

Schedule of Portfolio Investments (Continued)

Praxis Impact Bond Fund

CORPORATE BONDS - 29.9% (Continued)	Coupon			Maturity	Principal Amount		Fair Value
GAS & WATER UTILITIES - 0.4%
American Water Capital Corp.		2.800	%	05/01/30	$	1,500,000	$	1,391,795
Brooklyn Union Gas Co. ^(a)		4.504	%	03/10/46		1,250,000		1,058,301
Indiana Gas Co., Inc.		6.550	%	06/30/28		250,000		265,860
Spire Missouri, Inc.		5.150	%	08/15/34		1,000,000		1,032,614
								3,748,570
HEALTH CARE FACILITIES & SERVICES - 0.1%
Kaiser Foundation Hospital		3.150	%	05/01/27		1,500,000		1,470,335

HOME & OFFICE PRODUCTS - 0.1%
Steelcase, Inc.		5.125	%	01/18/29		1,000,000		981,114

HOME CONSTRUCTION - 0.1%
NVR, Inc.		3.000	%	05/15/30		1,000,000		926,206

INSTITUTIONAL FINANCIAL SERVICES - 0.8%
Brookfield Finance, Inc.		4.250	%	06/02/26		1,570,000		1,568,705
Goldman Sachs Group, Inc.		4.223	%	05/01/29		1,000,000		994,169
Goldman Sachs Group, Inc.		3.800	%	03/15/30		1,500,000		1,459,248
Morgan Stanley, Series F		3.125	%	07/27/26		2,000,000		1,964,367
Morgan Stanley, Series I		5.449	%	07/20/29		1,000,000		1,039,098
Morgan Stanley, Series I		2.699	%	01/22/31		1,250,000		1,144,864
								8,170,451
INSURANCE - 3.8%
Aflac, Inc.		4.000	%	10/15/46		1,408,000		1,189,594
AIG Global Funding ^(a)		5.200	%	01/12/29		500,000		513,645
Allstate Corp. (The)		5.250	%	03/30/33		1,000,000		1,042,744
American National Group		5.750	%	10/01/29		1,850,000		1,860,691
Athene Global Funding ^(a)		5.583	%	01/09/29		785,000		812,921
F&G Global Funding ^(a)		2.300	%	04/11/27		535,000		500,540
Fidelity National Financial, Inc.		3.400	%	06/15/30		1,000,000		931,289
First American Financial Corp.		2.400	%	08/15/31		1,500,000		1,259,588
GA Global Funding Trust ^(a)		2.250	%	01/06/27		2,000,000		1,904,100
Horace Mann Educators Corp.		4.500	%	12/01/25		1,235,000		1,228,419
Horace Mann Educators Corp.		7.250	%	09/15/28		965,000		1,048,165
Jackson National Life Global Funding ^(a)		1.750	%	01/12/25		385,000		381,188
Jackson National Life Global Funding ^(a)		5.500	%	01/09/26		1,250,000		1,262,494

Schedule of Portfolio Investments (Continued)

Praxis Impact Bond Fund

CORPORATE BONDS - 29.9% (Continued)	Coupon			Maturity	Principal Amount		Fair Value
INSURANCE - 3.8% (Continued)
Kemper Corp.		4.350	%	02/15/25	$	1,250,000	$	1,244,023
Marsh & McLennan Cos., Inc.		3.750	%	03/14/26		1,000,000		993,522
Massachusetts Mutual Life Insurance Co. ^(a)		3.375	%	04/15/50		2,500,000		1,844,714
Met Life Global Funding I ^(a)		5.150	%	03/28/33		1,250,000		1,297,413
Mutual of Omaha Global, Series 2023-1 ^(a)		5.800	%	07/27/26		385,000		393,951
Mutual of Omaha Global ^(a)		5.450	%	12/12/28		365,000		378,299
New York Life Global Funding ^(a)		4.900	%	06/13/28		3,000,000		3,078,555
Northwestern Mutual, Series 2023-3 ^(a)		4.900	%	06/12/28		1,740,000		1,785,048
Pacific Life Global Funding II, Series 2020-1 ^(a)		1.200	%	06/24/25		415,000		405,171
Pacific Life Global Funding II, Series 2021-1 ^(a)		1.450	%	01/20/28		1,000,000		917,385
Pricoa Global Funding I ^(a)		5.100	%	05/30/28		2,000,000		2,064,662
Primerica, Inc.		2.800	%	11/19/31		1,000,000		877,916
Principal Financial Group, Inc.		3.700	%	05/15/29		1,250,000		1,220,238
Protective Life Global Funding ^(a)		5.366	%	01/06/26		500,000		506,137
Protective Life Global Funding ^(a)		5.209	%	04/14/26		1,000,000		1,013,450
Prudential Financial, Inc.		1.500	%	03/10/26		644,000		621,162
Prudential Funding Asia plc		3.125	%	04/14/30		750,000		706,385
Reliance STD Life Insurance Co. ^(a)		2.750	%	05/07/25		1,280,000		1,262,116
RGA Global Funding ^(a)		5.500	%	01/11/31		1,000,000		1,045,199
Sammons Financial Group, Inc. ^(a)		4.450	%	05/12/27		1,200,000		1,188,031
Sammons Financial Group, Inc. ^(a)		6.875	%	04/15/34		1,000,000		1,070,245
Trustage Financial Group, Inc. ^(a)		4.625	%	04/15/32		400,000		368,762
								38,217,762
LEISURE FACILITIES & SERVICES - 0.2%
McDonald's Corp., Series MTN		3.500	%	07/01/27		1,000,000		986,103
Starbucks Corp.		2.450	%	06/15/26		1,000,000		973,090
								1,959,193
MACHINERY - 0.4%
Ingersoll-Rand Global Holding Co. Ltd.		6.391	%	11/15/27		655,000		678,511
John Deere Capital Corp.		1.750	%	03/09/27		250,000		237,289
John Deere Capital Corp.		3.050	%	01/06/28		1,250,000		1,215,363
Xylem, Inc.		1.950	%	01/30/28		1,775,000		1,648,163
								3,779,326
MEDICAL EQUIPMENT & DEVICES - 0.1%
Alcon Finance Corp. ^(a)		2.600	%	05/27/30		1,250,000		1,140,592

Schedule of Portfolio Investments (Continued)

Praxis Impact Bond Fund

CORPORATE BONDS - 29.9% (Continued)	Coupon			Maturity	Principal Amount		Fair Value
PERSONAL PRODUCTS - 0.1%
Estée Lauder Cos., Inc. (The)		2.600	%	04/15/30	$	1,000,000	$	921,952

PIPELINES - 0.1%
Northern Natural Gas Co. ^(a)		4.100	%	09/15/42		1,200,000		1,006,866

REITS - 3.3%
Agree Ltd. Partnership		2.900	%	10/01/30		650,000		589,824
Agree Ltd. Partnership		4.800	%	10/01/32		715,000		709,500
Alexandria Real Estate Equities, Inc.		2.950	%	03/15/34		1,000,000		864,536
Alexandria Real Estate Equities, Inc.		4.750	%	04/15/35		1,250,000		1,234,371
American Homes 4 Rent, L.P.		5.500	%	02/01/34		2,000,000		2,065,180
Boston Properties, L.P.		4.500	%	12/01/28		1,250,000		1,233,880
Camden Property Trust		2.800	%	05/15/30		1,500,000		1,387,858
Digital Realty Trust, L.P.		5.550	%	01/15/28		2,250,000		2,329,174
ERP Operating, L.P.		4.150	%	12/01/28		1,250,000		1,247,354
ESSEX Portfolio, L.P.		2.650	%	03/15/32		1,500,000		1,306,081
ESSEX Portfolio, L.P.		5.500	%	04/01/34		250,000		259,882
Federal Realty Investment Trust		1.250	%	02/15/26		515,000		492,532
Federal Realty Investment Trust		5.375	%	05/01/28		1,500,000		1,540,382
Kilroy Realty Corp.		2.500	%	11/15/32		1,750,000		1,402,526
Kimco Realty Corp. ^(b)		2.700	%	10/01/30		1,750,000		1,590,180
Lexington Realty Trust		2.700	%	09/15/30		1,500,000		1,334,105
Mid-America Apartment Communities, Inc.		3.950	%	03/15/29		1,750,000		1,730,687
Ontario Teachers Cadillac Fairview Properties Trust ^(a)		2.500	%	10/15/31		1,255,000		1,079,028
Prologis, L.P.		2.875	%	10/06/29		1,500,000		1,409,565
Prologis, L.P.		4.625	%	01/15/33		1,500,000		1,507,270
Realty Income Corp.		4.700	%	12/15/28		1,000,000		1,014,675
Rexford Industrial Realty, L.P.		5.000	%	06/15/28		500,000		507,721
Rexford Industrial Realty, L.P.		2.150	%	09/01/31		1,750,000		1,474,666
Sun Communities Operating, L.P.		2.700	%	07/15/31		500,000		437,215
Sun Communities Operating, L.P.		5.700	%	01/15/33		750,000		773,136
UDR, Inc.		1.900	%	03/15/33		1,500,000		1,187,668
Vornado Realty, L.P.		3.500	%	01/15/25		567,000		562,744

Schedule of Portfolio Investments (Continued)

Praxis Impact Bond Fund

CORPORATE BONDS - 29.9% (Continued)	Coupon			Maturity	Principal Amount		Fair Value
REITS - 3.3% (Continued)
WP Carey, Inc.		2.450	%	02/01/32	$	1,500,000	$	1,278,494
								32,550,234
RETAIL - CONSUMER STAPLES - 0.1%
Kroger Co. (The)		5.000	%	04/15/42		1,000,000		970,946
Walmart, Inc.		1.800	%	09/22/31		500,000		434,845
								1,405,791
RETAIL - DISCRETIONARY - 0.3%
Home Depot, Inc. (The)		3.625	%	04/15/52		1,000,000		804,631
Lowe's Cos., Inc.		4.650	%	04/15/42		1,000,000		936,455
Lowe's Cos., Inc.		3.000	%	10/15/50		500,000		339,897
Lowe's Cos., Inc.		5.625	%	04/15/53		1,000,000		1,040,869
								3,121,852
SEMICONDUCTORS - 0.2%
Intel Corp. ^(b)		4.150	%	08/05/32		1,000,000		952,880
Intel Corp.		3.734	%	12/08/47		1,000,000		736,203
NVIDIA Corp.		2.850	%	04/01/30		500,000		473,046
								2,162,129
SOFTWARE - 0.4%
Microsoft Corp.		2.525	%	06/01/50		4,500,000		3,088,937
Microsoft Corp.		2.921	%	03/17/52		1,000,000		734,190
								3,823,127
SPECIALTY FINANCE - 0.8%
BlueHub Loan Fund, Inc.		3.099	%	01/01/30		1,030,000		962,358
Community Preservation Corp. (The)		2.867	%	02/01/30		2,500,000		2,273,682
Low Income Investment Fund		3.386	%	07/01/26		115,000		111,912
Low Income Investment Fund		3.711	%	07/01/29		1,985,000		1,842,685
USAA Capital Corp. ^(a)		2.125	%	05/01/30		3,000,000		2,683,393
								7,874,030
STEEL - 0.0% ^(d)
Nucor Corp.		2.000	%	06/01/25		460,000		452,301

TECHNOLOGY HARDWARE - 0.5%
Apple, Inc. ^(b)		3.000	%	06/20/27		1,000,000		982,255
Apple, Inc.		2.650	%	05/11/50		1,000,000		690,234
Apple, Inc.		2.650	%	02/08/51		2,000,000		1,375,287
HP, Inc.		4.750	%	01/15/28		1,100,000		1,119,573

Schedule of Portfolio Investments (Continued)

Praxis Impact Bond Fund

CORPORATE BONDS - 29.9% (Continued)	Coupon			Maturity	Principal Amount		Fair Value
TECHNOLOGY HARDWARE - 0.5% (Continued)
HP, Inc.		4.000	%	04/15/29	$	915,000	$	900,108
								5,067,457
TECHNOLOGY SERVICES - 0.2%
Experian Finance plc ^(a)		2.750	%	03/08/30		635,000		588,158
Moody's Corp.		3.250	%	05/20/50		500,000		364,403
Moody's Corp.		3.750	%	02/25/52		1,000,000		803,552
								1,756,113
TELECOMMUNICATIONS - 0.5%
AT&T, Inc.		5.250	%	03/01/37		500,000		515,416
AT&T, Inc.		4.750	%	05/15/46		2,000,000		1,871,427
Verizon Communications, Inc.		3.875	%	02/08/29		1,000,000		986,546
Verizon Communications, Inc.		1.500	%	09/18/30		1,000,000		857,980
Verizon Communications, Inc.		2.987	%	10/30/56		1,799,000		1,179,996
								5,411,365
TRANSPORTATION & LOGISTICS - 0.9%
Burlington Northern Santa Fe, LLC		5.750	%	05/01/40		2,078,000		2,270,891
Canadian Pacific Railway Co.		2.050	%	03/05/30		1,750,000		1,566,298
Norfolk Southern Corp.		4.837	%	10/01/41		1,000,000		978,871
Norfolk Southern Corp.		3.050	%	05/15/50		1,500,000		1,056,634
Penske Truck Leasing Co. ^(a)		5.750	%	05/24/26		500,000		509,058
TTX Co. ^(a)		4.600	%	02/01/49		280,000		262,531
TTX Co. ^(a)		5.650	%	12/01/52		500,000		543,837
Union Pacific Corp.		4.950	%	09/09/52		2,000,000		2,001,261
								9,189,381
TRANSPORTATION EQUIPMENT - 0.1%
Ryder System, Inc.		5.650	%	03/01/28		1,250,000		1,302,609

WHOLESALE - CONSUMER STAPLES - 0.2%
Bunge Ltd. Finance Corp.		1.630	%	08/17/25		395,000		384,696
Sysco Corp.		2.400	%	02/15/30		1,750,000		1,586,748
								1,971,444

TOTAL CORPORATE BONDS (COST $319,662,789)							$	297,032,403

Schedule of Portfolio Investments (Continued)

Praxis Impact Bond Fund

CORPORATE NOTES - 0.9%	Coupon			Maturity	Principal Amount		Fair Value
COMMUNITY DEVELOPMENT - 0.9%
Calvert Impact Capital, Inc. ^(e)		3.000	%	12/15/24	$	400,000	$	397,128
Calvert Impact Capital, Inc. ^(e)		2.500	%	06/13/25		1,400,000		1,373,553
Calvert Impact Capital, Inc. ^(e)		2.500	%	12/15/25		650,000		632,185
Calvert Impact Capital, Inc. ^(e)		4.000	%	06/15/28		1,200,000		1,159,232
Calvert Impact Capital, Inc. ^(e)		5.000	%	12/15/28		450,000		448,594
Calvert Impact Capital, Inc. ^(e)		5.000	%	06/15/29		1,800,000		1,790,085
Calvert Impact Climate, Inc. ^(e)		5.500	%	12/15/53		1,000,000		993,832
Capital Impact Partners Investment ^(e)		5.750	%	06/15/25		1,800,000		1,814,703
Capital Impact Partners Investment ^(e)		5.000	%	12/15/26		500,000		508,984
TOTAL CORPORATE NOTES (COST $9,200,000)							$	9,118,296

FOREIGN GOVERNMENTS - 5.3%	Coupon			Maturity	Principal Amount		Fair Value
FOREIGN AGENCY - 1.3%
BNG Bank N.V. ^(a)(b)		1.500	%	10/16/24	$	1,500,000	$	1,497,975
BNG Bank N.V. ^(a)(b)		0.500	%	11/24/25		2,000,000		1,920,770
Kommunalbanken A.S. ^(a)		2.125	%	02/11/25		1,000,000		990,750
Kreditanstalt Fur Wiederafbau		4.375	%	02/28/34		7,500,000		7,791,229
								12,200,724
SUPRANATIONAL - 4.0%
African Development Bank		3.500	%	09/18/29		2,000,000		1,985,544
Asian Development Bank		3.125	%	09/26/28		1,000,000		983,038
Central American Bank for Economic Integration ^(a)		1.140	%	02/09/26		1,200,000		1,149,180
European Bank for Reconstruction & Development		1.500	%	02/13/25		200,000		197,706
European Investment Bank		2.125	%	04/13/26		1,000,000		974,645
European Investment Bank		2.375	%	05/24/27		4,000,000		3,874,214
Inter-American Development Bank		0.875	%	04/03/25		3,000,000		2,947,447
Inter-American Development Bank		3.500	%	04/12/33		3,000,000		2,919,376
Inter-American Development Bank		4.375	%	01/24/44		3,000,000		2,998,786
International Bank for Reconstruction & Development ^(b)		3.126	%	11/20/25		1,000,000		989,967
International Bank for Reconstruction & Development		0.875	%	07/15/26		3,000,000		2,851,491

Schedule of Portfolio Investments (Continued)

Praxis Impact Bond Fund

FOREIGN GOVERNMENTS - 5.3% (Continued)	Coupon			Maturity	Principal Amount		Fair Value
SUPRANATIONAL - 4.0% (Continued)
International Bank for Reconstruction & Development		3.125	%	06/15/27	$	4,000,000	$	3,948,458
International Bank for Reconstruction & Development		4.750	%	11/14/33		6,000,000		6,396,989
International Development Association ^(a)		0.375	%	09/23/25		2,000,000		1,928,328
International Development Association ^(a)(b)		0.876	%	04/28/26		2,000,000		1,907,465
International Finance Corp., Series GMTN		2.126	%	04/07/26		3,000,000		2,922,000
International Finance Corp., Series 2622 ^(b)		4.375	%	01/15/27		1,000,000		1,014,404
								39,989,038

TOTAL FOREIGN GOVERNMENTS (COST $52,478,629)							$	52,189,762

COMMERCIAL MORTGAGE-BACKED SECURITIES - 0.0% ^(d)		Coupon				Maturity		Principal Amount				Fair Value
Commercial Mortgage Pass-Through Certificates, Class A-3 (Cost $33,572)			2.853	%		10/17/45		$	32,965			$	30,852

U.S. GOVERNMENT AGENCIES - 54.0%	Coupon			Maturity	Principal Amount		Fair Value
DEVELOPMENT FINANCE CORPORATION - 0.7%
DFC		5.500	%	09/15/26	$	333,333	$	333,333
DFC		1.590	%	04/15/28		2,000,000		1,868,721
DFC		1.650	%	04/15/28		3,500,000		3,302,988
DFC		3.130	%	04/15/28		1,000,000		974,572
DFC		3.540	%	06/15/30		338,250		333,051
DFC		3.520	%	09/20/32		571,429		559,489
								7,372,154
FEDERAL HOME LOAN BANK - 7.8%
FHLB		1.250	%	12/21/26		4,000,000		3,792,902
FHLB ^(b)		4.125	%	01/15/27		7,000,000		7,075,419
FHLB		4.250	%	12/10/27		11,000,000		11,216,947
FHLB		4.500	%	03/10/28		3,000,000		3,087,374
FHLB		4.000	%	06/30/28		3,200,000		3,246,407

Schedule of Portfolio Investments (Continued)

Praxis Impact Bond Fund

U.S. GOVERNMENT AGENCIES - 54.0% (Continued)	Coupon			Maturity	Principal Amount		Fair Value
FEDERAL HOME LOAN BANK - 7.8% (Continued)
FHLB		3.250	%	11/16/28	$	13,000,000	$	12,849,100
FHLB		5.500	%	07/15/36		18,620,000		21,174,990
FHLB		2.590	%	03/19/40		4,000,000		3,129,240
FHLB		2.340	%	03/26/40		1,000,000		754,334
FHLB		2.070	%	06/29/40		1,715,000		1,221,927
FHLB		2.010	%	07/16/40		2,685,000		1,893,337
FHLB		5.250	%	03/11/44		7,200,000		7,758,427
								77,200,404
FEDERAL HOME LOAN MORTGAGE CORPORATION - 21.6%
FHLMC		4.000	%	11/01/24		1,025		1,023
FHLMC		0.375	%	09/23/25		3,500,000		3,378,668
FHLMC		4.000	%	10/01/25		3,562		3,547
FHLMC		2.875	%	04/25/26		3,000,000		2,947,360
FHLMC		6.000	%	04/01/27		19,131		19,563
FHLMC		2.500	%	10/01/27		117,304		114,659
FHLMC		2.738	%	04/25/29		1,917,572		1,869,849
FHLMC		2.939	%	04/25/29		4,000,000		3,822,322
FHLMC		2.412	%	08/25/29		5,780,000		5,390,672
FHLMC		7.000	%	02/01/30		9,167		9,525
FHLMC		1.297	%	06/25/30		13,000,000		11,230,764
FHLMC		7.500	%	07/01/30		17,882		18,346
FHLMC		1.406	%	08/25/30		2,000,000		1,730,561
FHLMC		1.503	%	09/25/30		4,000,000		3,481,988
FHLMC		1.487	%	11/25/30		11,900,000		10,287,022
FHLMC		1.878	%	01/25/31		1,500,000		1,316,920
FHLMC		2.000	%	01/25/31		3,000,000		2,649,023
FHLMC		7.000	%	03/01/31		13,967		14,520
FHLMC		1.777	%	10/25/31		5,000,000		4,315,851
FHLMC		2.154	%	10/25/31		4,000,000		3,534,656
FHLMC		2.091	%	11/25/31		2,500,000		2,194,363
FHLMC		2.127	%	11/25/31		9,000,000		7,921,623
FHLMC		2.450	%	04/25/32		7,100,000		6,349,960
FHLMC		2.650	%	05/25/32		9,000,000		8,144,164
FHLMC		6.250	%	07/15/32		7,050,000		8,225,656
FHLMC		3.123	%	08/25/32		5,710,000		5,326,579

Schedule of Portfolio Investments (Continued)

Praxis Impact Bond Fund

U.S. GOVERNMENT AGENCIES - 54.0% (Continued)	Coupon			Maturity	Principal Amount		Fair Value
FEDERAL HOME LOAN MORTGAGE CORPORATION - 21.6% (Continued)
FHLMC		3.000	%	11/01/32	$	251,265	$	242,630
FHLMC		3.000	%	11/01/32		336,651		324,975
FHLMC		5.500	%	11/01/33		19,844		20,486
FHLMC (H15T1Y + 223.10) ^(c)		7.231	%	05/01/34		19,615		20,343
FHLMC (H15T1Y + 223.10) ^(c)		7.231	%	05/01/34		1,809		1,856
FHLMC		1.783	%	06/25/34		2,084,061		1,718,959
FHLMC		5.000	%	07/01/35		39,658		40,542
FHLMC		4.500	%	10/01/35		54,274		54,752
FHLMC		2.438	%	02/25/36		4,000,000		3,301,860
FHLMC		5.500	%	03/01/36		15,068		15,629
FHLMC		1.500	%	04/01/36		4,612,813		4,138,870
FHLMC		5.500	%	06/01/36		22,307		23,138
FHLMC		6.000	%	06/01/36		19,170		19,932
FHLMC		5.500	%	12/01/36		18,163		18,822
FHLMC		2.000	%	02/01/37		3,736,786		3,417,407
FHLMC		6.000	%	08/01/37		8,416		8,878
FHLMC		5.000	%	03/01/38		93,793		96,552
FHLMC		0.000	%	11/15/38		4,331,000		2,343,454
FHLMC		4.500	%	06/01/39		100,876		102,140
FHLMC		5.000	%	06/01/39		148,312		152,956
FHLMC		4.500	%	07/01/39		96,356		97,564
FHLMC		4.500	%	11/01/39		87,316		88,411
FHLMC		4.500	%	09/01/40		132,643		134,150
FHLMC		4.500	%	05/01/41		261,583		264,866
FHLMC		4.500	%	07/01/41		297,889		301,622
FHLMC		5.000	%	09/01/41		121,427		125,233
FHLMC		3.500	%	10/01/41		145,281		139,232
FHLMC		4.000	%	10/01/41		160,945		159,178
FHLMC		3.500	%	02/01/42		260,854		249,885
FHLMC		4.000	%	02/01/42		68,510		67,815
FHLMC		3.500	%	06/01/42		300,121		287,251
FHLMC		3.500	%	06/01/42		302,224		289,327
FHLMC		3.500	%	08/01/42		350,947		335,680
FHLMC		3.000	%	11/01/42		686,278		637,151
FHLMC		3.000	%	01/01/43		384,321		356,808

Schedule of Portfolio Investments (Continued)

Praxis Impact Bond Fund

U.S. GOVERNMENT AGENCIES - 54.0% (Continued)	Coupon			Maturity	Principal Amount		Fair Value
FEDERAL HOME LOAN MORTGAGE CORPORATION - 21.6% (Continued)
FHLMC		3.000	%	05/01/43	$	509,802	$	473,299
FHLMC		3.500	%	10/01/44		296,101		281,351
FHLMC		3.500	%	11/01/44		267,795		254,316
FHLMC		3.500	%	04/01/45		335,788		317,637
FHLMC		3.000	%	05/01/46		577,064		530,043
FHLMC		3.000	%	12/01/46		1,432,631		1,316,343
FHLMC		3.500	%	03/01/48		1,590,017		1,508,217
FHLMC		3.500	%	03/01/49		437,703		413,492
FHLMC		3.500	%	07/01/49		706,452		665,422
FHLMC		3.000	%	09/01/49		824,999		750,997
FHLMC		3.000	%	07/01/50		2,044,428		1,854,089
FHLMC		2.000	%	08/01/50		2,924,115		2,438,533
FHLMC		2.050	%	08/19/50		2,500,000		1,509,168
FHLMC		2.000	%	01/01/51		7,213,821		6,011,410
FHLMC		2.500	%	04/01/51		7,047,092		6,123,815
FHLMC		2.500	%	09/01/51		2,798,182		2,431,435
FHLMC		2.000	%	01/01/52		5,356,571		4,428,769
FHLMC		2.500	%	02/01/52		5,903,006		5,112,760
FHLMC		2.000	%	04/01/52		4,414,484		3,652,077
FHLMC		3.000	%	04/01/52		5,157,323		4,637,026
FHLMC		2.500	%	05/01/52		6,179,303		5,344,124
FHLMC		3.000	%	05/01/52		8,757,565		7,861,905
FHLMC		3.000	%	07/01/52		5,409,968		4,859,995
FHLMC		4.000	%	07/01/52		5,266,166		5,063,579
FHLMC		4.000	%	08/01/52		5,358,027		5,148,443
FHLMC		3.500	%	09/01/52		11,716,225		10,917,740
FHLMC		4.000	%	10/01/52		10,778,059		10,356,412
FHLMC		5.500	%	05/01/53		6,287,751		6,362,196
								214,522,131
FEDERAL NATIONAL MORTGAGE ASSOCIATION - 23.8%
FNMA		3.080	%	12/01/24		2,017,706		2,004,945
FNMA		5.000	%	04/01/25		1,995		1,994
FNMA		5.000	%	07/01/25		2,310		2,309
FNMA		3.500	%	10/01/25		5,656		5,608
FNMA		5.000	%	10/01/25		4,305		4,302

Schedule of Portfolio Investments (Continued)

Praxis Impact Bond Fund

U.S. GOVERNMENT AGENCIES - 54.0% (Continued)	Coupon			Maturity	Principal Amount		Fair Value
FEDERAL NATIONAL MORTGAGE ASSOCIATION - 23.8% (Continued)
FNMA		5.500	%	11/01/25	$	5	$	5
FNMA		0.500	%	11/07/25		6,934,000		6,672,361
FNMA		4.000	%	03/01/26		34,074		33,853
FNMA		2.910	%	04/01/26		3,000,000		2,934,134
FNMA		2.125	%	04/24/26		2,000,000		1,951,333
FNMA		2.500	%	09/01/27		126,318		123,448
FNMA		0.750	%	10/08/27		8,000,000		7,356,656
FNMA		2.500	%	11/01/27		216,396		211,297
FNMA		2.500	%	01/01/28		139,663		136,313
FNMA ^(c)		3.413	%	06/25/28		1,803,385		1,766,514
FNMA		3.661	%	09/25/28		3,350,612		3,299,341
FNMA		2.530	%	05/01/29		3,949,068		3,690,942
FNMA		2.522	%	08/27/29		5,324,867		4,977,329
FNMA		1.470	%	11/01/29		2,599,000		2,291,939
FNMA		0.875	%	08/05/30		24,000,000		20,446,432
FNMA		6.625	%	11/15/30		12,750,000		14,754,001
FNMA ^(c)		1.518	%	11/25/30		3,000,000		2,571,445
FNMA ^(c)		1.429	%	12/25/30		5,000,000		4,275,567
FNMA		1.287	%	01/25/31		3,000,000		2,529,567
FNMA		1.410	%	02/01/31		3,000,000		2,549,410
FNMA		1.421	%	03/25/31		1,000,000		847,145
FNMA		2.000	%	01/01/32		854,258		807,973
FNMA		3.000	%	12/01/32		370,665		355,876
FNMA		4.651	%	04/25/33		2,000,000		2,038,696
FNMA		6.000	%	10/01/33		11,485		11,902
FNMA		5.500	%	02/01/34		15,886		16,382
FNMA (H15T1Y + 211.70) ^(c)		6.850	%	05/01/34		16,960		17,289
FNMA		6.000	%	11/01/34		39,923		41,734
FNMA		5.500	%	01/01/35		24,020		25,242
FNMA		2.500	%	02/01/35		917,078		865,642
FNMA		5.000	%	10/01/35		35,948		36,867
FNMA		5.500	%	10/01/35		44,453		46,061
FNMA		6.000	%	10/01/35		21,756		22,725
FNMA		5.500	%	06/01/36		9,817		10,167
FNMA		6.000	%	06/01/36		11,524		12,145

Schedule of Portfolio Investments (Continued)

Praxis Impact Bond Fund

U.S. GOVERNMENT AGENCIES - 54.0% (Continued)	Coupon			Maturity	Principal Amount		Fair Value
FEDERAL NATIONAL MORTGAGE ASSOCIATION - 23.8% (Continued)
FNMA		5.500	%	11/01/36	$	15,005	$	15,494
FNMA (RFUCCT1Y + 156.50) ^(c)		6.065	%	05/01/37		1,889		1,880
FNMA		5.625	%	07/15/37		14,250,000		16,440,899
FNMA		4.500	%	09/01/40		79,201		80,107
FNMA		4.500	%	10/01/40		80,694		81,617
FNMA		4.000	%	12/01/40		204,396		202,101
FNMA		4.000	%	01/01/41		148,148		146,485
FNMA		3.500	%	02/01/41		217,135		207,870
FNMA		4.000	%	10/01/41		110,020		108,784
FNMA		4.000	%	11/01/41		128,865		127,418
FNMA		4.000	%	12/01/41		219,625		216,706
FNMA		4.000	%	12/01/41		154,533		152,797
FNMA		4.000	%	01/01/42		487,638		484,608
FNMA		3.500	%	05/01/42		254,318		243,195
FNMA		3.000	%	06/01/42		477,975		443,661
FNMA		3.000	%	08/01/42		383,705		356,348
FNMA		3.000	%	08/01/42		361,699		335,760
FNMA		3.500	%	12/01/42		511,740		489,146
FNMA		3.000	%	06/01/43		437,840		406,053
FNMA		4.000	%	12/01/44		589,171		581,021
FNMA		3.500	%	05/01/45		664,219		631,411
FNMA		3.000	%	04/01/46		565,240		520,009
FNMA		3.500	%	11/01/46		956,026		902,971
FNMA		4.000	%	10/01/48		432,488		420,670
FNMA		4.000	%	11/01/48		1,160,395		1,129,081
FNMA		3.500	%	05/01/49		355,941		336,759
FNMA		4.000	%	06/01/49		543,609		522,034
FNMA		3.500	%	08/01/49		1,453,602		1,371,571
FNMA		3.000	%	09/01/49		789,196		721,121
FNMA		3.000	%	06/01/50		1,634,866		1,492,027
FNMA		2.500	%	07/01/50		2,689,150		2,347,594
FNMA		2.500	%	08/01/50		1,904,291		1,653,688
FNMA		3.000	%	08/01/50		2,883,364		2,629,866
FNMA		2.000	%	11/01/50		4,851,333		4,035,887
FNMA		2.000	%	01/01/51		8,681,348		7,233,532

Schedule of Portfolio Investments (Continued)

Praxis Impact Bond Fund

U.S. GOVERNMENT AGENCIES - 54.0% (Continued)	Coupon			Maturity	Principal Amount		Fair Value
FEDERAL NATIONAL MORTGAGE ASSOCIATION - 23.8% (Continued)
FNMA		2.000	%	02/01/51	$	5,140,089	$	4,268,487
FNMA		2.500	%	04/01/51		14,465,262		12,582,941
FNMA		2.000	%	08/01/51		12,219,617		10,130,425
FNMA		2.000	%	11/01/51		5,059,457		4,196,307
FNMA		2.500	%	12/01/51		8,059,179		6,999,378
FNMA		2.500	%	05/01/52		5,295,466		4,578,490
FNMA		3.500	%	05/01/52		7,245,915		6,751,277
FNMA		3.500	%	05/01/52		5,135,877		4,782,721
FNMA		3.000	%	07/01/52		4,487,871		4,032,091
FNMA		4.500	%	07/01/52		4,294,593		4,226,977
FNMA		4.500	%	08/01/52		6,039,428		5,942,548
FNMA		3.500	%	09/01/52		4,525,785		4,219,469
FNMA		4.500	%	10/01/52		6,994,390		6,878,730
FNMA		5.000	%	04/01/53		9,921,110		9,922,444
FNMA		5.000	%	06/01/53		3,826,940		3,826,568
FNMA		5.000	%	10/01/53		6,643,463		6,639,738
								236,795,653
GOVERNMENT NATIONAL MORTGAGE ASSOCIATION - 0.0% ^(d)
GNMA		7.000	%	12/20/30		5,820		5,962
GNMA		7.000	%	10/20/31		4,260		4,546
GNMA		7.000	%	03/20/32		19,473		20,234
GNMA (H15T1Y + 150.00) ^(c)		4.625	%	01/20/34		12,345		12,406
GNMA		5.500	%	10/20/38		4,732		4,717
GNMA		6.500	%	11/20/38		2,967		3,054
								50,919
SMALL BUSINESS ADMINISTRATION - 0.0% ^(d)
SBA (Prime - 2.65) ^(c)		5.850	%	02/25/32		4,353		4,335

UNITED STATES AGENCY OF INTERNATIONAL DEVELOPMENT - 0.1%
Hashemite Kingdom of Jordan AID Bond		3.000	%	06/30/25		1,450,000		1,432,287

TOTAL U.S. GOVERNMENT AGENCIES (COST $551,498,563)							$	537,377,883

Schedule of Portfolio Investments (Continued)

Praxis Impact Bond Fund

ASSET BACKED SECURITIES - 5.8%	Coupon			Maturity	Principal Amount		Fair Value
Ahold Finance U.S.A., LLC		8.620	%	01/02/25	$	1,999	$	2,011
Aligned Data Centers Issuer, LLC ^(a)		6.000	%	08/17/48		1,510,000		1,538,910
American Tower Trust I ^(a)		3.652	%	03/23/28		2,000,000		1,942,896
Beacon Container Finance II, LLC ^(a)		2.250	%	10/22/46		1,760,208		1,616,965
CLI Funding, LLC ^(a)		2.720	%	01/18/47		1,046,589		952,643
CyrusOne Data Centers Issuer I, LLC ^(a)		4.500	%	05/20/49		2,525,000		2,459,908
DB Master Finance, LLC ^(a)		2.493	%	11/20/51		1,969,313		1,805,237
Domino's Pizza Master Issuer, LLC ^(a)		4.474	%	10/25/45		2,086,875		2,076,477
Duke Energy Florida Project Finance, LLC		3.112	%	09/01/36		1,500,000		1,308,727
Duke Energy Progress NC Storm Funding, LLC		2.799	%	07/01/41		2,000,000		1,594,069
Duke Energy Progress SC Storm Funding, LLC		5.404	%	03/01/44		665,000		707,176
Golden Credit Card Trust ^(a)		1.140	%	08/15/28		1,000,000		944,990
GoodLeap Sustainable Home Solutions Trust ^(a)		6.250	%	06/20/57		1,673,059		1,722,317
Iowa Student Loan Liquidity Corp. Rev.		1.730	%	08/25/70		862,387		760,333
Mosaic Solar Loans, LLC ^(a)		2.100	%	04/20/46		703,880		626,734
Mosaic Solar Loans, LLC ^(a)		2.100	%	04/22/47		720,512		607,518
PG&E Energy Recovery Funding, LLC		2.822	%	07/15/46		1,000,000		751,085
PG&E Energy Recovery Funding, LLC		5.536	%	07/15/47		1,500,000		1,587,939
PG&E Wildfire Recovery Funding, LLC		4.674	%	12/01/51		2,400,000		2,283,379
PNM Energy Transition Bond Co. I, LLC		6.028	%	08/15/48		500,000		557,540
SBA Tower Trust ^(a)		2.836	%	01/15/50		2,032,000		2,020,432
SBA Tower Trust ^(a)		6.599	%	11/15/52		880,000		915,792
SolarCity LMC, Series I, LLC ^(a)(e)		4.800	%	12/20/26		163,464		162,217
Sunrun Artemis Issuer, LLC ^(a)		6.250	%	07/30/59		2,476,711		2,513,975
SWTCH Energy, Inc. ^(a)		6.280	%	03/25/54		600,000		619,415
Texas Electric Market Stabilization Funding N, LLC ^(a)		4.966	%	02/01/44		4,195,000		4,324,828
Texas Electric Market Stabilization Funding N, LLC		5.057	%	08/01/46		4,730,000		4,734,362
Textainer Marine Containers VII Ltd. ^(a)		1.680	%	02/20/46		1,070,000		973,719
TIF Funding II, LLC ^(a)		1.650	%	02/20/46		353,750		317,294
Toyota Auto Receivables Owner Trust		0.260	%	11/17/25		179,859		179,209
Toyota Auto Receivables Owner Trust		5.300	%	05/15/26		844,000		851,027
Tribute Rail, LLC ^(a)		4.760	%	05/17/52		1,810,084		1,800,209
Trinity Rail Leasing, L.P. ^(a)		5.780	%	05/19/54		2,968,135		3,031,470
Triton Container Finance VIII, LLC ^(a)		1.860	%	03/20/46		1,229,375		1,110,983
Triton International Finance Funding III, LLC ^(a)		5.480	%	05/22/34		1,443,750		1,468,243

Schedule of Portfolio Investments (Continued)

Praxis Impact Bond Fund

ASSET BACKED SECURITIES - 5.8% (Continued)	Coupon			Maturity	Principal Amount		Fair Value
Triumph Rail, LLC ^(a)		2.150	%	06/19/51	$	1,741,866	$	1,628,585
USQ Rail III, LLC ^(a)		4.990	%	09/28/54		740,000		739,766
Vantage Data Centers Issuer, LLC ^(a)		2.165	%	10/15/46		2,300,000		2,185,041
Wendy's Funding, LLC ^(a)		3.783	%	06/15/49		669,326		656,425
Wendy's Funding, LLC ^(a)		4.236	%	03/15/52		1,221,875		1,186,400
TOTAL ASSET BACKED SECURITIES (COST $57,263,420)							$	57,266,246

MONEY MARKET FUNDS - 2.5%		Shares				Fair Value
First American Government Obligations Fund - Class X, 4.82% ^(f) (COST $24,965,053)			24,965,053			$	24,965,053

INVESTMENT PURCHASED WITH THE CASH PROCEEDS FROM SECURITIES LENDING - 1.7%		Shares				Fair Value
Mount Vernon Liquid Assets Portfolio, LLC, 4.95% ^(f)(g) (COST $17,094,650)			17,094,650			$	17,094,650

INVESTMENT COMPANIES - 0.3%	Shares		Fair Value
Impax High Yield Bond Fund - Institutional Class (COST $4,199,236)		530,984	$	3,244,311

TOTAL INVESTMENTS - (COST $1,047,645,049) - 101.5%			$	1,009,212,264

LIABILITIES IN EXCESS OF OTHER ASSETS - (1.5%)				(14,648,663	)

NET ASSETS - 100.0%			$	994,563,601

^(a)

144a security may only be resold to qualified institutional investors. These securities were deemed liquid under guidelines established by the Board of Trustees. At September 30, 2024, these securities were valued at $102,115,571 or 10.3% of net assets.

^(b)

All or a portion of the security is on loan. The total fair value of the securities on loan as of September 30, 2024 was $16,685,516.

^(c)

Variable rate security. Interest rate resets periodically. The rate shown is the effective interest rate as of September 30, 2024. For securities based on a published reference rate and spread, the reference rate and spread (in basis points) are indicated parenthetically. Certain variable rate securities are not based on a published reference rate and spread but are determined by the issuer or agent and are based on current market conditions. These securities, therefore, do not indicate a reference rate and spread.

^(d)

Percentage rounds to less than 0.1%.

^(e)

Illiquid securities are as follows:

	Acquisition Date	Current Cost		Fair Value		% of Net Assets
Calvert Impact Capital, Inc., 3.000%, 12/15/24	12/12/19	$	400,000	$	397,128		0.0	%^(d)
Calvert Impact Capital, Inc., 2.500%, 06/13/25	06/12/20		1,400,000		1,373,553		0.1	%
Calvert Impact Capital, Inc., 2.500%, 12/15/25	12/15/20		650,000		632,185		0.1	%
Calvert Impact Capital, Inc., 4.000%, 06/15/28	06/15/23		1,200,000		1,159,232		0.1	%
Calvert Impact Capital, Inc., 5.000%, 12/15/28	12/15/23		450,000		448,594		0.0	%^(d)
Calvert Impact Capital, Inc., 5.000%, 06/15/29	06/14/24		1,800,000		1,790,085		0.2	%
Calvert Impact Climate, Inc., 5.500%, 12/15/53	10/13/23		1,000,000		993,832		0.1	%
Capital Impact Partners Investment, 5.750%, 06/15/24	06/20/23		1,800,000		1,814,703		0.2	%
Capital Impact Partners Investment, 5.000%, 12/15/26	12/15/23		500,000		508,984		0.1	%
SolarCity LMC, Series I, LLC	11/13/13		163,443		162,217		0.0	%^(d)
		$	9,363,443	$	9,280,513		0.9	%

^(f)	The rate shown is the 7-day effective yield as of September 30, 2024.

^(g)

The security was purchased with cash collateral received from securities on loan.

GMTN - Global Medium-Term Note

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

plc - Public Liability Company

RFUCCT - Refinitiv USD IBOR Consumer Cash Fallbacks

SOFR - Secured Overnight Financing Rate

Schedule of Portfolio Investments

Praxis International Index Fund

September 30, 2024 (Unaudited)

COMMON STOCKS - 98.6%	Shares		Fair Value
AUSTRALIA - 4.6%
ANZ Group Holdings Ltd.		40,646	$	856,593
BlueScope Steel Ltd.		21,201		325,425
Brambles Ltd.		133,068		1,750,871
Commonwealth Bank of Australia		23,439		2,194,155
Computershare Ltd.		20,272		354,196
CSL Ltd. - ADR		7,282		719,389
CSL Ltd.		3,640		720,500
Dexus		132,583		694,862
Goodman Group		44,189		1,130,161
GPT Group (The)		157,395		541,953
Mirvac Group		92,910		138,116
National Australia Bank Ltd.		36,653		946,546
QBE Insurance Group Ltd.		18,867		215,764
Scentre Group		526,498		1,328,713
SEEK Ltd.		39,173		673,062
Sonic Healthcare Ltd.		11,426		215,121
Stockland		177,423		642,810
Transurban Group		266,798		2,422,082
Vicinity Centres		397,679		607,668
Washington H. Soul Pattinson & Co. Ltd.		26,493		636,543
Wesfarmers Ltd.		32,429		1,579,184
Woodside Energy Group Ltd.		113,804		1,982,895
Woolworths Group Ltd.		27,413		631,164
				21,307,773
AUSTRIA - 0.2%
Erste Group Bank AG		3,804		208,604
Verbund AG		6,899		572,292
				780,896
BELGIUM - 0.6%
Elia Group S.A./N.V.		1,707		195,200
KBC Group N.V.		13,232		1,052,254
UCB S.A.		9,252		1,668,883
				2,916,337
BERMUDA - 0.5%
Credicorp Ltd.		9,750		1,764,457

Schedule of Portfolio Investments (Continued)

Praxis International Index Fund

COMMON STOCKS - 98.6% (Continued)	Shares		Fair Value
BERMUDA - 0.5% (Continued)
Orient Overseas International Ltd.		22,500	$	319,543
				2,084,000
BRAZIL - 1.6%
Banco Bradesco S.A. - ADR		42,050		111,853
Banco do Brasil S.A. - ADR		196,076		980,380
Banco Santander Brasil S.A. - ADR		119,088		626,403
Cia Energética de Minas Gerais - ADR		169,352		348,865
Cia Paranaense de Energia ADS - ADR ^(b)		5,909		43,963
Cia Siderurgica Nacional S.A. - ADR		126,765		302,968
Sendas Distribuidora S.A. - ADR ^(a)(b)		25,002		172,014
Suzano S.A. - ADR ^(b)		98,543		985,430
Telefónica Brasil S.A. - ADR		228,675		2,348,492
TIM S.A. - ADR		77,639		1,336,944
				7,257,312
CANADA - 7.8%
Bank of Montreal ^(b)		17,350		1,564,970
Bank of Nova Scotia (The) ^(b)		10,199		555,743
BCE, Inc.		2,847		99,076
Cameco Corp.		22,409		1,070,254
Canadian Imperial Bank of Commerce		25,453		1,561,287
Canadian National Railway Co. ^(b)		15,841		1,855,773
Canadian Natural Resources Ltd.		108,552		3,605,012
Canadian Pacific Kansas City Ltd.		17,465		1,493,956
CGI, Inc. ^(a)		8,100		931,176
FirstService Corp.		1,607		293,213
Franco-Nevada Corp.		14,197		1,763,977
GFL Environmental, Inc.		3,517		140,258
Gildan Activewear, Inc.		18,362		865,034
Manulife Financial Corp.		75,463		2,229,932
Methanex Corp.		5,667		234,274
Nutrien Ltd.		17,477		839,945
RB Global, Inc.		6,407		515,699
Restaurant Brands International, Inc. ^(b)		11,589		835,799
Royal Bank of Canada		26,330		3,284,141
Shopify, Inc. - Class A ^(a)		16,669		1,335,854
Sun Life Financial, Inc.		33,369		1,936,069

Schedule of Portfolio Investments (Continued)

Praxis International Index Fund

COMMON STOCKS - 98.6% (Continued)	Shares		Fair Value
CANADA - 7.8% (Continued)
Teck Resources Ltd. - Class B		34,502	$	1,802,384
Thomson Reuters Corp.		19,692		3,359,455
Toronto-Dominion Bank (The) ^(b)		23,372		1,478,513
West Fraser Timber Co. Ltd.		2,364		230,159
Wheaton Precious Metals Corp.		35,850		2,189,718
				36,071,671
CAYMAN ISLANDS - 4.0%
Alibaba Group Holding Ltd. - ADR		31,660		3,359,759
Autohome, Inc. - ADR		14,381		469,108
Baidu, Inc. - ADR ^(a)(b)		6,169		649,534
China Literature Ltd. ^(a)		77,200		321,766
China Mengniu Dairy Co. Ltd.		113,000		271,830
CK Asset Holdings Ltd.		90,000		395,955
Genscript Biotech Corp. ^(a)		112,000		200,844
H World Group Ltd. - ADR		2,511		93,409
Hengan International Group Co. Ltd.		45,500		156,864
Li Auto, Inc. - ADR ^(a)(b)		21,885		561,350
Meituan - ADR ^(a)(b)		41,086		1,746,155
NetEase, Inc. - ADR		8,958		837,663
NIO, Inc. - ADR ^(a)(b)		12,139		81,088
Tencent Holdings Ltd. - ADR ^(b)		114,280		6,331,112
Trip.com Group Ltd. - ADR ^(a)		19,946		1,185,391
Vipshop Holdings Ltd. - ADR		26,401		415,288
WuXi Biologics Cayman, Inc. ^(a)		330,000		742,898
XPeng, Inc. - ADR ^(a)(b)		27,625		336,472
ZTO Express Cayman, Inc. - ADR		14,358		355,648
				18,512,134
CHILE - 0.2%
Banco de Chile - ADR ^(b)		18,637		471,703
Enel Chile S.A. - ADR		52,052		145,225
Sociedad Quimica y Minera de Chile S.A. - ADR ^(b)		12,081		503,536
				1,120,464
CHINA - 2.8%
Agricultural Bank of China Ltd. - H Shares		2,786,000		1,311,715
ANTA Sports Products Ltd.		54,600		663,394
Bank of China Ltd. - H Shares		3,583,000		1,691,571

Schedule of Portfolio Investments (Continued)

Praxis International Index Fund

COMMON STOCKS - 98.6% (Continued)	Shares		Fair Value
CHINA - 2.8% (Continued)
Bank of Communications Co Ltd - H Shares		100,000	$	76,670
BYD Co. Ltd. - ADR		6,004		426,044
BYD Co. Ltd. - H Shares		17,500		638,892
China CITIC Bank Corp. Ltd. - H Shares		1,185,000		756,097
China Merchants Bank Co. Ltd. - H Shares		83,000		411,604
China Minsheng Banking Corp. Ltd. - H Shares		1,287,000		524,826
COSCO SHIPPING Holdings Co. Ltd. - H Shares		353,000		592,147
Haitian International Holdings Ltd.		195,000		627,122
Industrial & Commercial Bank of China Ltd. - H Shares		1,755,000		1,047,544
Jiangsu Expressway Co. Ltd. - H Shares		1,350,000		1,366,740
PICC Property & Casualty Co. Ltd. - H Shares		294,000		435,689
Ping An Insurance Group Co. of China Ltd. - ADR ^(b)		20,694		258,468
Ping An Insurance Group Co. of China Ltd. - H Shares		131,818		850,399
Postal Savings Bank of China Co. Ltd. - H Shares		615,000		367,879
Sinopharm Group Co. Ltd. - H Shares		427,200		1,143,067
				13,189,868
COLOMBIA - 0.3%
Bancolombia S.A. - ADR		49,356		1,548,791

DENMARK - 2.5%
A.P. Moller-Maersk A/S - Series B		247		415,371
Coloplast A/S - Series B		6,611		863,925
DSV A/S		4,551		939,664
Genmab A/S ^(a)		932		225,492
Novo Nordisk A/S - ADR		59,796		7,119,910
Novonesis - B Shares		6,257		450,603
Orsted A/S		10,148		674,740
Pandora A/S		1,282		211,090
Vestas Wind Systems A/S ^(a)		27,271		602,175
				11,502,970
FINLAND - 0.8%
Neste OYJ		58,958		1,144,236
Nokia Corp. - ADR ^(b)		203,176		887,879
Nordea Bank Abp		57,215		673,863
Sampo OYJ - A Shares		6,620		308,850

Schedule of Portfolio Investments (Continued)

Praxis International Index Fund

COMMON STOCKS - 98.6% (Continued)	Shares		Fair Value
FINLAND - 0.8% (Continued)
UPM-Kymmene OYJ		20,395	$	682,861
				3,697,689
FRANCE - 6.3%
Acciona SA		1,377		195,488
Accor S.A.		4,739		205,791
Air Liquide S.A. - ADR		1,459		56,390
Air Liquide S.A.		15,513		2,992,743
Arkema S.A.		1,887		179,644
AXA S.A.		33,469		1,286,811
Bureau Veritas S.A.		16,518		547,719
Capgemini SE		3,941		851,082
Carrefour S.A.		14,028		239,137
Cie Generale des Etablissements Michelin SCA		35,631		1,446,505
Danone S.A. - ADR ^(b)		20,260		295,796
Danone S.A.		16,233		1,181,009
Dassault Systemes SE		8,424		334,202
Engie S.A.		4,950		85,513
EssilorLuxottica S.A.		6,450		1,526,857
Eurofins Scientific SE		9,975		631,976
Getlink SE		56,022		999,301
Henkel AG & Co. KGaA		3,209		272,806
Hermes International SCA		830		2,038,726
Kering S.A.		1,267		362,353
Kering-Unsponsored ADR - ADR		5,500		157,465
Klepierre S.A.		20,396		668,587
Legrand S.A.		15,771		1,813,990
L'Oreal S.A. - ADR ^(b)		21,745		1,951,831
L'Oreal S.A.		1,380		617,781
Publicis Groupe S.A.		12,555		1,372,788
Sartorius Sedim Biotech		1,603		335,111
Schneider Electric SE - ADR ^(b)		5,840		307,943
Schneider Electric SE		17,677		4,649,045
Societe Generale S.A.		12,929		321,749
Unibail-Rodamco-Westfield - CDI		45,646		201,987
Veolia Environnement S.A.		6,731		221,244
Vivendi SE - ADR		7,047		81,041

Schedule of Portfolio Investments (Continued)

Praxis International Index Fund

COMMON STOCKS - 98.6% (Continued)	Shares		Fair Value
FRANCE - 6.3% (Continued)
Vivendi SE		46,775	$	540,613
Wendel SE		4,438		453,634
				29,424,658
GERMANY - 4.2%
adidas AG - ADR		5,158		684,415
adidas AG		1,323		350,453
Allianz SE - ADR ^(b)		76,050		2,495,961
Allianz SE		5,268		1,730,386
BASF SE		12,374		655,212
Bayerische Motoren Werke AG - ADR		2		60
Bayerische Motoren Werke AG		4,180		368,525
Brenntag SE		11,274		840,811
Commerzbank AG		24,099		443,420
Continental AG		6,898		446,553
Covestro AG ^(a)		3,936		245,162
Deutsche Bank AG		7,201		124,264
Deutsche Boerse AG		7,444		1,746,410
Deutsche Post AG - ADR		9,971		444,507
Deutsche Post AG		10,161		452,895
Deutsche Telekom AG - ADR		30,009		883,165
Deutsche Telekom AG		25,629		753,089
Fresenius Medical Care AG & Co. KGaA		4,696		199,688
Hannover Rueck SE		1,159		330,498
Mercedes-Benz Group AG		19,758		1,276,867
Merck KGaA		4,693		825,625
Muenchener Rueckversicherungs-Gesellschaft AG - ADR		18,890		1,040,839
Muenchener Rueckversicherungs-Gesellschaft AG		1,968		1,083,156
RWE AG		4,180		152,102
Sartorius AG		894		251,049
Siemens AG		4,327		873,687
Telefonica Deutschland Holding AG		124,863		297,525
Vonovia SE		20,203		736,270
				19,732,594
HONG KONG - 2.1%
AAC Technologies Holdings, Inc.		92,000		377,534
AIA Group Ltd. - ADR		37,299		1,312,552

Schedule of Portfolio Investments (Continued)

Praxis International Index Fund

COMMON STOCKS - 98.6% (Continued)	Shares		Fair Value
HONG KONG - 2.1% (Continued)
AIA Group Ltd.		57,569	$	515,807
BYD Electronic International Co. Ltd.		86,500		362,197
China Merchants Port Holdings Co. Ltd.		892,000		1,420,570
CLP Holdings Ltd.		23,500		208,137
Geely Automobile Holdings Ltd.		541,000		847,660
Guangdong Investment Ltd.		350,000		235,476
Hong Kong Exchanges & Clearing Ltd.		14,978		628,514
Kingsoft Corp. Ltd.		61,000		231,881
Lenovo Group Ltd.		754,000		1,028,145
Link REIT		54,400		274,673
Sino Land Co. Ltd.		218,000		239,212
Sun Hung Kai Properties Ltd.		120,500		1,326,125
Techtronic Industries Co. Ltd.		24,500		372,214
Want Want China Holdings Ltd.		174,000		119,527
Wharf Holdings Ltd. (The)		33,000		94,242
				9,594,466
INDIA - 5.7%
HDFC Bank Ltd. - ADR		106,480		6,661,389
ICICI Bank Ltd. - ADR		245,727		7,334,951
Infosys Ltd. - ADR ^(b)		297,782		6,631,605
Wipro Ltd. - ADR ^(b)		922,859		5,980,126
				26,608,071
INDONESIA - 0.6%
Bank Mandiri Persero Tbk PT - ADR ^(b)		87,101		1,585,238
Bank Rakyat Indonesia ADR - ADR		2,184		35,599
Telkom Indonesia Persero Tbk PT - ADR		69,227		1,369,310
				2,990,147
IRELAND - 0.5%
AIB Group plc		100,681		576,777
CRH plc		11,121		1,031,362
Smurfit WestRock plc		17,885		883,877
				2,492,016
ISRAEL - 0.5%
Check Point Software Technologies Ltd. ^(a)		2,999		578,237
CyberArk Software Ltd. ^(a)		2,342		682,951
ICL Group Ltd. ^(b)		148,461		630,959

Schedule of Portfolio Investments (Continued)

Praxis International Index Fund

COMMON STOCKS - 98.6% (Continued)	Shares		Fair Value
ISRAEL - 0.5% (Continued)
Nice Ltd. - ADR ^(a)(b)		1,907	$	331,189
				2,223,336
ITALY - 2.2%
Assicurazioni Generali S.p.A.		24,438		706,120
Enel S.p.A.		63,194		504,862
Intesa Sanpaolo S.p.A. - ADR		1		26
Intesa Sanpaolo S.p.A.		452,244		1,932,398
Mediobanca Banca di Credito Finanziario S.p.A.		49,451		843,822
Moncler S.p.A.		10,592		672,482
Poste Italiane S.p.A.		58,944		826,305
Prysmian S.p.A.		4,099		297,578
Snam S.p.A.		135,488		689,584
Terna - Rete Elettrica Nazionale S.p.A.		199,413		1,795,849
UniCredit S.p.A.		49,517		2,170,401
				10,439,427
JAPAN - 15.3%
Advantest Corp.		19,200		900,520
Aeon Co. Ltd.		19,800		537,138
AGC, Inc.		7,700		248,961
Asics Corp.		6,700		139,897
Astellas Pharma, Inc. - ADR		21,248		243,290
Astellas Pharma, Inc.		44,500		509,943
Bandai Namco Holdings, Inc.		12,400		282,640
Bridgestone Corp.		46,456		1,777,756
Brothers Industries Ltd.		29,100		562,867
Canon, Inc.		22,800		746,066
Chiba Bank Ltd. (The)		28,700		230,139
Chugai Pharmaceutical Co. Ltd.		13,500		651,118
Dai Nippon Printing Co. Ltd.		122,636		2,177,541
Dai-ichi Life Holdings, Inc.		16,346		418,758
Daiichi Sankyo Co. Ltd.		41,430		1,357,411
Daiwa House Industry Co. Ltd.		61,100		1,915,154
Daiwa Securities Group, Inc.		81,800		571,988
Denso Corp.		42,000		621,124
Dentsu Group, Inc.		3,400		104,253
Disco Corp.		1,200		313,014

Schedule of Portfolio Investments (Continued)

Praxis International Index Fund

COMMON STOCKS - 98.6% (Continued)	Shares		Fair Value
JAPAN - 15.3% (Continued)
ENEOS Holdings, Inc.		189,700	$	1,027,792
Fast Retailing Co. Ltd.		4,200		1,385,730
FUJIFILM Holdings Corp. - ADR ^(b)		39,704		510,593
FUJIFILM Holdings Corp.		5,600		143,697
Fujitsu Ltd.		48,680		994,261
Hitachi Construction Machinery Co. Ltd.		17,900		432,290
Honda Motor Co. Ltd.		23,400		245,437
Hoya Corp. - ADR ^(b)		1,273		176,183
Hoya Corp.		6,861		944,476
Ibiden Co. Ltd.		5,600		172,413
Inpex Corp.		99,800		1,345,712
Japan Exchange Group, Inc.		26,000		335,662
Japan Post Bank Co. Ltd.		26,000		242,046
Kao Corp.		23,800		1,177,208
KDDI Corp. - ADR ^(b)		43,814		697,519
Keyence Corp.		3,600		1,712,270
Kubota Corp.		47,900		676,882
Kyowa Kirin Co. Ltd.		3,100		54,505
Mitsubishi Corp.		89,300		1,834,463
Mitsubishi Estate Co. Ltd.		18,900		296,995
Mitsubishi UFJ Financial Group, Inc. - ADR ^(b)		5,599		56,998
Mitsubishi UFJ Financial Group, Inc.		275,109		2,782,195
Mitsui Fudosan Co. Ltd.		60,900		566,945
Mitsui OSK Lines Ltd.		17,900		613,501
MS&AD Insurance Group Holdings, Inc.		31,500		729,831
Murata Manufacturing Co. Ltd.		38,700		755,690
Nidec Corp. - ADR		23,780		249,690
Nidec Corp.		1,000		20,915
Nintendo Co. Ltd. - ADR		96,172		1,281,011
Nintendo Co. Ltd.		3,000		159,388
Nippon Prologis REIT, Inc.		231		395,701
Nippon Yusen KK		14,300		519,367
Nitori Holdings Co. Ltd.		1,800		272,959
Nomura Real Estate Holdings, Inc.		12,900		343,850
Nomura Real Estate Master Fund, Inc.		271		269,444
Nomura Research Institute Ltd.		10,900		401,948

Schedule of Portfolio Investments (Continued)

Praxis International Index Fund

COMMON STOCKS - 98.6% (Continued)	Shares		Fair Value
JAPAN - 15.3% (Continued)
NTT Data Group Corp.		13,700	$	245,404
Omron Corp.		2,800		127,546
Ono Pharmaceutical Co. Ltd.		5,600		74,478
Oracle Corp. Japan		3,200		328,294
Oriental Land Co. Ltd.		9,600		247,005
ORIX Corp.		16,800		387,841
Otsuka Holdings Co. Ltd.		4,100		230,581
Pan Pacific International Holdings Corp.		21,300		547,598
PDD Holdings, Inc. - ADR ^(a)		8,211		1,106,925
Recruit Holdings Co. Ltd.		33,150		2,007,798
Resona Holdings, Inc.		85,600		594,152
Ricoh Co. Ltd.		47,600		510,858
Seiko Epson Corp.		68,100		1,250,652
Sekisui House Ltd. - ADR ^(b)		21,690		609,836
Sekisui House Ltd.		17,600		486,640
Seven & i Holdings Co. Ltd.		66,900		999,369
Shimadzu Corp.		17,000		564,676
Shimano, Inc.		2,084		393,963
Shin-Etsu Chemical Co. Ltd.		17,000		706,968
Shiseido Co. Ltd. - ADR		2,703		73,630
Shiseido Co. Ltd.		2,100		56,619
SoftBank Corp.		859,050		1,118,902
SoftBank Group Corp. - ADR		4,622		136,395
SoftBank Group Corp.		12,400		727,047
Sompo Holdings, Inc.		12,900		287,305
Sony Group Corp. - ADR		20,338		1,964,041
Sony Group Corp.		10,000		193,251
Sumito Electric Industries Ltd.		11,200		178,880
Sumitomo Corp.		45,254		1,005,679
Sumitomo Mitsui Financial Group, Inc. - ADR ^(b)		88,295		1,115,166
Sumitomo Mitsui Financial Group, Inc.		39,600		838,977
Sumitomo Mitsui Trust Holdings, Inc.		39,200		924,872
Takeda Pharmaceutical Co. Ltd.		27,400		782,203
TDK Corp.		58,500		742,011
Terumo Corp.		21,944		412,237
Toho Co. Ltd.		5,400		218,405

Schedule of Portfolio Investments (Continued)

Praxis International Index Fund

COMMON STOCKS - 98.6% (Continued)	Shares		Fair Value
JAPAN - 15.3% (Continued)
Tokio Marine Holdings, Inc.		53,500	$	1,947,180
Tokyo Electron Ltd.		5,900		1,038,170
TOPPAN Holdings, Inc.		30,400		897,670
Toray Industries, Inc.		104,200		611,316
Toyota Motor Corp. - ADR		15,759		2,814,085
USS Co. Ltd.		90,440		853,587
Yamaha Corp.		86,700		744,091
Yamaha Motor Co. Ltd.		122,500		1,090,972
Yokogawa Electric Corp.		36,800		935,843
				71,264,263
JERSEY - 0.3%
Experian plc - ADR		8,706		458,632
Experian plc		2,439		128,187
WPP plc		61,040		622,845
				1,209,664
MEXICO - 0.9%
Cemex S.A.B. de C.V. - ADR		9,340		56,974
Fomento Economico Mexicano S.A.B. de C.V. - ADR		12,776		1,261,119
Grupo Aeroportuario del Pacifico S.A.B. de C.V. - ADR		2,661		463,067
Grupo Aeroportuario del Sureste S.A.B. de C.V. - ADR		3,153		891,542
Grupo Financiero Banorte S.A.B. de C.V. - ADR		4,439		157,048
Wal-Mart de Mexico S.A.B. de C.V. - ADR ^(b)		40,583		1,229,665
				4,059,415
NETHERLANDS - 2.3%
Adyen N.V. ^(a)		421		657,493
Akzo Nobel N.V. - ADR		2		47
Argenx SE - ADR ^(a)		1,526		827,214
ASML Holding N.V.		6,542		5,451,121
Koninklijke Ahold Delhaize N.V.		13,281		458,868
NN Group N.V.		4,831		240,878
Prosus N.V.		24,481		1,070,175
QIAGEN N.V.		15,235		694,259
Randstad N.V.		6,171		306,454
Stellantis N.V.		21,320		294,411
Stellantis NV ^(b)		13,270		186,444

Schedule of Portfolio Investments (Continued)

Praxis International Index Fund

COMMON STOCKS - 98.6% (Continued)	Shares		Fair Value
NETHERLANDS - 2.3% (Continued)
Wolters Kluwer N.V.		3,337	$	562,174
				10,749,538
NEW ZEALAND - 0.2%
Mercury NZ Ltd.		63,905		261,872
Meridian Energy Ltd.		145,000		547,205
				809,077
NORWAY - 0.8%
Aker BP ASA		28,079		601,928
DNB Bank ASA		30,272		620,825
Norsk Hydro ASA		285,243		1,850,642
Orkla ASA		12,516		117,962
SalMar ASA		3,946		206,988
Yara International ASA		16,632		526,613
				3,924,958
PORTUGAL - 0.6%
Galp Energia SGPS S.A.		118,111		2,209,403
Jeronimo Martins SGPS S.A.		22,400		439,969
				2,649,372
RUSSIA - 0.0% ^(c)
Mobile TeleSystems PJSC - ADR ^(a)(d)(e)		86,910		869

SINGAPORE - 1.1%
BOC Aviation Ltd.		135,400		1,119,971
CapitaLand Ascott Trust		10,433		7,915
CapitaLand Integrated Commercial Trust		522,925		862,597
CapitaLand Investment Ltd.		183,000		444,261
CDL Hospitality Trusts		28,826		22,878
City Developments Ltd.		201,600		847,066
DBS Group Holdings Ltd. - ADR		12,531		1,478,282
Venture Corp. Ltd.		19,600		214,119
				4,997,089
SOUTH AFRICA - 1.2%
FirstRand Ltd.		178,699		859,089
Gold Fields Ltd. - ADR ^(b)		5,070		77,824
Mr Price Group Ltd.		70,832		1,107,825
MTN Group Ltd.		49,082		260,874

Schedule of Portfolio Investments (Continued)

Praxis International Index Fund

COMMON STOCKS - 98.6% (Continued)	Shares		Fair Value
SOUTH AFRICA - 1.2% (Continued)
Naspers Ltd. - Class N - ADR		30,055	$	1,446,848
Standard Bank Group Ltd.		126,812		1,778,802
				5,531,262
SOUTH KOREA - 3.8%
Celltrion, Inc.		4,265		632,672
Hyundai Mobis Co. Ltd.		12,297		2,030,456
KB Financial Group, Inc. - ADR		15,444		953,667
KB Financial Group, Inc.		3,184		195,549
KT Corp. - ADR		39,515		607,741
LG Chem Ltd.		3,978		1,076,612
LG Display Co. Ltd. - ADR		1		4
NAVER Corp.		10,728		1,379,645
POSCO Holdings, Inc. - ADR ^(b)		15,718		1,100,103
POSCO Holdings, Inc.		458		133,863
Samsung Electronics Co. Ltd.		102,574		4,789,029
Shinhan Financial Group Co. Ltd. - ADR		17,537		743,043
Shinhan Financial Group Co. Ltd.		15,559		655,556
SK Hynix, Inc.		12,374		1,640,172
SK Telecom Co. Ltd. - ADR		19,765		469,814
Woori Financial Group, Inc. - ADR ^(b)		34,279		1,224,789
				17,632,715
SPAIN - 1.8%
Aena SME S.A.		5,525		1,215,611
Amadeus IT Group S.A.		7,348		531,157
Banco Bilbao Vizcaya Argentaria S.A. - ADR		24,792		268,745
Banco Bilbao Vizcaya Argentaria S.A.		17,790		192,301
Banco Santander S.A.		29,931		153,321
CaixaBank S.A.		173,802		1,038,051
Cellnex Telecom S.A.		6,529		264,839
EDP Renovaveis S.A.		11,715		204,925
Iberdrola S.A. - ADR		3,884		240,769
Iberdrola S.A.		87,067		1,346,577
Industria de Diseno Textil S.A.		39,262		2,323,107
Naturgy Energy Group S.A.		12,657		327,241
Telefónica S.A.		92,766		454,069
				8,560,713

Schedule of Portfolio Investments (Continued)

Praxis International Index Fund

COMMON STOCKS - 98.6% (Continued)	Shares		Fair Value
SWEDEN - 1.6%
Atlas Copco AB - A Shares		58,602	$	1,133,692
Atlas Copco AB - Class A - ADR		5,893		114,089
Boliden AB		39,793		1,349,978
Epiroc AB - Class A		14,553		314,570
Hexagon AB - B Shares		53,748		577,984
Industrivarden AB - A Shares		23,389		864,182
Investor AB - B Shares		61,117		1,881,102
L E Lundbergforetagen AB - B Shares		4,058		232,177
Securitas AB - B Shares		19,191		243,602
Svenska Cellulosa AB SCA - B Shares		16,418		239,203
Telefonaktiebolaget LM Ericsson - B Shares		76,365		576,944
				7,527,523
SWITZERLAND - 5.7%
ABB Ltd. - ADR		58,667		3,397,993
ABB Ltd.		5,783		334,762
Accelleron Industries AG ^(b)		1,953		100,892
Adecco Group AG		563		19,146
Alcon, Inc. ^(b)		5,312		531,572
Barry Callebaut AG		325		601,383
Coca-Cola HBC AG		25,196		897,415
Geberit AG		1,347		877,627
Givaudan S.A.		208		1,140,399
Holcim Ltd. ^(a)		8,532		832,331
Julius Baer Group Ltd.		9,346		562,107
Keuhne + Nagel International AG		921		251,172
Logitech International S.A. ^(b)		4,776		428,550
Lonza Group AG		1,847		1,166,733
Nestlé S.A. - ADR		36,634		3,687,945
Nestlé S.A.		2,929		294,042
Partners Group Holding AG		161		241,605
Roche Holding AG - ADR ^(b)		88,832		3,548,838
Roche Holding AG		455		145,484
Sika AG		1,660		549,410
Sonova Holding AG		1,135		407,436
Swiss Life Holding AG		1,691		1,410,665
Swiss Re AG		9,611		1,325,303

Schedule of Portfolio Investments (Continued)

Praxis International Index Fund

COMMON STOCKS - 98.6% (Continued)	Shares		Fair Value
SWITZERLAND - 5.7% (Continued)
Swisscom AG		981	$	640,438
UBS Group AG		39,428		1,214,101
UBS Group AG		6,351		196,309
Zurich Insurance Group AG - ADR ^(b)		53,580		1,616,509
Zurich Insurance Group AG		492		296,374
				26,716,541
TAIWAN - 6.4%
ASE Technology Holding Co. Ltd. - ADR		156,502		1,527,459
AUO Corp. - ADR		115,722		605,226
Chunghwa Telecom Co. Ltd. - ADR ^(b)		161,965		6,425,152
Taiwan Semiconductor Manufacturing Co. Ltd. - ADR		108,740		18,884,876
United Microelectronics Corp. - ADR ^(b)		279,695		2,355,032
				29,797,745
UNITED KINGDOM - 8.6%
3i Group plc		68,813		3,040,671
Anglo American plc		15,931		517,260
Antofagasta plc		39,339		1,058,753
Ashtead Group plc		11,037		853,801
AstraZeneca plc - ADR		49,298		3,840,807
Aviva plc		111,676		722,060
British Land Co. plc (The)		42,144		245,218
Bunzl plc		5,822		275,085
Burberry Group plc - ADR		34,676		324,220
Burberry Group plc		26,668		249,940
Coca-Cola Europacific Partners plc		26,855		2,114,831
Compass Group plc		35,682		1,142,091
GSK plc - ADR ^(b)		52,864		2,161,080
GSK plc		17,282		350,400
Haleon plc - ADR ^(b)		168,655		1,784,370
Halma plc		11,061		385,682
HSBC Holdings plc - ADR ^(b)		52,192		2,358,556
HSBC Holdings plc		27,340		244,578
Informa plc		116,498		1,277,514
InterContinental Hotels Group plc		1,592		173,174
J Sainsbury plc		86,209		340,479
Kingfisher plc		161,921		697,086

Schedule of Portfolio Investments (Continued)

Praxis International Index Fund

COMMON STOCKS - 98.6% (Continued)	Shares		Fair Value
UNITED KINGDOM - 8.6% (Continued)
Legal & General Group plc		110,502	$	334,335
Lloyds Banking Group plc		437,921		344,154
London Stock Exchange Group plc		7,929		1,083,420
Mondi plc		21,858		415,271
NatWest Group plc		148,065		680,788
PEARSON plc - ADR ^(b)		121,055		1,642,716
PEARSON plc		24,794		335,968
Reckitt Benckiser Group plc - ADR		50,860		629,138
Reckitt Benckiser Group plc		3,212		196,555
RELX plc - ADR ^(b)		25,844		1,226,556
RELX plc		71,603		3,359,248
Sage Group plc (The) - ADR		2,320		127,554
Sage Group plc (The)		14,027		192,134
Segro plc		49,056		573,233
Taylor Wimpey plc		108,822		239,046
Tesco plc - ADR		293		4,251
Tesco plc		36,315		174,159
Unilever plc - ADR		37,052		2,406,898
United Utilities Group plc - ADR		7,040		197,683
United Utilities Group plc		93,711		1,309,912
Vodafone Group Plc		172,474		173,039
Whitbread plc		5,438		227,859
				40,031,573

TOTAL COMMON STOCKS (COST $291,467,296)			$	458,956,937

RIGHTS - 0.0% ^(c)	Shares		Fair Value
SINGAPORE - 0.0% ^(c)
CapitaLand Integrated Commercial Trust ^(a) (Cost $1,834)		29,283	$	2,347

CORPORATE NOTES - 0.8%	Coupon			Maturity		Par Value		Fair Value
COMMUNITY DEVELOPMENT - 0.8%
Calvert Impact Capital, Inc. ^(d)		3.000	%		12/15/24	$	120,000	$	119,138

Schedule of Portfolio Investments (Continued)

Praxis International Index Fund

CORPORATE NOTES - 0.8% (Continued)	Coupon			Maturity	Par Value		Fair Value
COMMUNITY DEVELOPMENT - 0.8% (Continued)
Calvert Impact Capital, Inc. ^(d)		2.500	%	06/13/25	$	500,000	$	490,555
Calvert Impact Capital, Inc. ^(d)		2.500	%	12/15/25		400,000		389,037
Calvert Impact Capital, Inc. ^(d)		4.000	%	06/15/28		620,000		598,937
Calvert Impact Capital, Inc. ^(d)		5.000	%	12/15/28		200,000		199,375
Calvert Impact Capital, Inc. ^(d)		5.000	%	06/15/29		880,000		875,153
Capital Impact Partners Investment ^(d)		5.750	%	06/15/25		880,000		887,188
Capital Impact Partners Investment ^(d)		5.000	%	12/15/26		300,000		305,390
TOTAL CORPORATE NOTES (COST $3,900,000)							$	3,864,773

MONEY MARKET FUNDS - 0.2%		Shares				Fair Value
First American Government Obligations Fund, Class X, 4.82% ^(f) (COST $681,674)			681,674			$	681,674

INVESTMENT PURCHASED WITH THE CASH PROCEEDS FROM SECURITIES LENDING - 11.2%	Shares		Fair Value
Mount Vernon Liquid Assets Portfolio, LLC, 4.95% ^(f)(g) (COST $52,134,987)		52,134,987	$	52,134,987

TOTAL INVESTMENTS - (COST $348,185,791) - 110.8%			$	515,640,718

LIABILITES IN EXCESS OF OTHER ASSETS - (10.8%)				(50,098,092	)

NET ASSETS - 100.0%			$	465,542,626

^(a)

Non-income producing security.

^(b)

All or a portion of the security is on loan. The total fair value of the securities on loan as of September 30, 2024 was $50,266,284.

^(c)

Percentage rounds to less than 0.1%.

^(d)

Illiquid securities are as follows:

	Acquisition Date	Current Cost		Fair Value		% of Net Assets
Calvert Impact Capital, Inc., 3.000%, 12/15/24	12/12/19	$	120,000	$	119,138		0.0	%^(c)
Calvert Impact Capital, Inc., 2.500%, 06/13/25	06/12/20		500,000		490,555		0.1	%
Calvert Impact Capital, Inc., 2.500%, 12/15/25	12/15/20		400,000		389,037		0.1	%
Calvert Impact Capital, Inc., 4.000%, 06/15/28	06/15/23		620,000		598,937		0.1	%
Calvert Impact Capital, Inc., 5.000%, 12/15/28	12/15/23		200,000		199,375		0.0	%^(c)
Calvert Impact Capital, Inc., 5.000%, 06/15/29	06/14/24		880,000		875,153		0.2	%
Capital Impact Partners Investment, 5.750%, 06/15/25	06/20/23		880,000		887,188		0.2	%
Capital Impact Partners Investment, 5.000%, 12/15/26	12/15/23		300,000		305,390		0.1	%
Mobile TeleSystems PJSC - ADR	08/02/17		752,376		869		0.0	%^(c)
		$	4,652,376	$	3,865,642		0.8	%

^(e)

Security value has been determined in good faith pursuant to procedures adopted by the Board of Trustees. The total fair value of such securities was $869 as of September 30, 2024, representing 0.0%^(c)of net assets.

^(f)

The rate shown is the 7-day effective yield as of September 30, 2024.

^(g)

The security was purchased with cash collateral received from securities on loan.

ADR - American Depositary Receipt

CDI - CHESS Depositary Interest

plc - Public Liability Company

REIT - Real Estate Investment Trust

Schedule of Portfolio Investments (Continued)

Praxis International Index Fund

September 30, 2024 (Unaudited)

Common Stocks by Sector/Industry	% of Net Assets
Communications - 9.2%
Advertising & Marketing		0.5	%
Entertainment Content		0.5	%
Internet Media & Services		3.5	%
Publishing & Broadcasting		0.7	%
Telecommunications		4.0	%
Consumer Discretionary - 9.4%
Apparel & Textile Products		1.2	%
Automotive		3.4	%
E-Commerce Discretionary		1.1	%
Home Construction		0.9	%
Leisure Facilities & Services		0.4	%
Leisure Products		0.2	%
Retail - Discretionary		2.1	%
Wholesale - Discretionary		0.1	%
Consumer Staples - 6.0%
Beverages		0.9	%
Food		1.5	%
Household Products		2.0	%
Retail - Consumer Staples		1.2	%
Wholesale - Consumer Staples		0.4	%
Energy - 2.7%
Oil & Gas Producers		2.6	%
Renewable Energy		0.1	%
Financials - 23.6%
Asset Management		1.6	%
Banking		15.0	%
Institutional Financial Services		1.3	%
Insurance		5.4	%
Specialty Finance		0.3	%
Health Care - 8.0%
Biotech & Pharma		5.8	%
Health Care Facilities & Services		0.7	%
Medical Equipment & Devices		1.5	%

Schedule of Portfolio Investments (Continued)

Praxis International Index Fund

Common Stocks by Sector/Industry (Continued)	% of Net Assets
Industrials - 9.8%
Commercial Support Services		1.7	%
Construction & Engineering		0.1	%
Diversified Industrials		0.2	%
Electrical Equipment		2.7	%
Industrial Support Services		0.5	%
Machinery		1.1	%
Professional Services		0.1	%
Transportation & Logistics		3.4	%
Materials - 7.1%
Chemicals		2.5	%
Construction Materials		0.6	%
Containers & Packaging		0.7	%
Forestry, Paper & Wood Products		0.4	%
Metals & Mining		2.5	%
Steel		0.4	%
Real Estate - 3.4%
Real Estate Owners & Developers		1.5	%
Real Estate Services *		0.0	%
REITs		1.9	%
Technology - 17.1%
Semiconductors		6.9	%
Software		0.5	%
Technology Hardware		4.0	%
Technology Services		5.7	%
Utilities - 2.3%
Electric & Gas Marketing & Trading		0.2	%
Electric Utilities		1.4	%
Gas & Water Utilities		0.6	%
Utilities		0.1	%
		98.6	%

Percentage rounds to less than 0.1%

Schedule of Portfolio Investments

Praxis Value Index Fund

September 30, 2024 (Unaudited)

COMMON STOCKS - 98.7%	Shares		Fair Value
ADVERTISING & MARKETING - 0.3%
Interpublic Group of Cos., Inc. (The) ^(a)		12,630	$	399,487
Omnicom Group, Inc. ^(a)		10,229		1,057,576
				1,457,063
APPAREL & TEXTILE PRODUCTS - 0.2%
NIKE, Inc. - Class B ^(a)		10,820		956,488

ASSET MANAGEMENT - 1.4%
Ameriprise Financial, Inc.		1,540		723,507
BlackRock, Inc.		4,002		3,799,939
Charles Schwab Corp. (The)		31,780		2,059,662
Raymond James Financial, Inc. ^(a)		3,370		412,690
T. Rowe Price Group, Inc. ^(a)		5,830		635,062
				7,630,860
AUTOMOTIVE - 0.4%
Aptiv plc ^(b)		7,050		507,671
BorgWarner, Inc.		14,870		539,632
Ford Motor Co.		109,943		1,160,998
				2,208,301
BANKING - 7.9%
Bank of America Corp.		204,460		8,112,973
Citigroup, Inc.		63,306		3,962,956
Citizens Financial Group, Inc.		12,820		526,517
Fifth Third Bancorp		30,060		1,287,770
Huntington Bancshares, Inc. ^(a)		48,680		715,596
JPMorgan Chase & Co.		83,705		17,650,036
KeyCorp		32,990		552,582
M&T Bank Corp. ^(a)		8,184		1,457,734
PNC Financial Services Group, Inc. (The)		13,561		2,506,751
Regions Financial Corp.		43,890		1,023,954
Truist Financial Corp.		70,530		3,016,568
U.S. Bancorp		13,787		630,480
				41,443,917
BEVERAGES - 1.8%
Coca-Cola Co. (The)		64,720		4,650,779
Keurig Dr Pepper, Inc.		16,470		617,296
PepsiCo, Inc.		23,989		4,079,329
				9,347,404

Schedule of Portfolio Investments (Continued)

Praxis Value Index Fund

COMMON STOCKS - 98.7% (Continued)	Shares		Fair Value
BIOTECH & PHARMA - 8.1%
AbbVie, Inc.		30,160	$	5,955,997
Amgen, Inc.		15,040		4,846,038
Biogen, Inc. ^(b)		2,790		540,814
Bristol-Myers Squibb Co.		75,780		3,920,857
Gilead Sciences, Inc.		34,260		2,872,358
Johnson & Johnson		73,341		11,885,642
Merck & Co., Inc.		64,480		7,322,349
Moderna, Inc. ^(a)(b)		9,330		623,524
Regeneron Pharmaceuticals, Inc. ^(b)		1,920		2,018,381
Vertex Pharmaceuticals, Inc. ^(b)		1,070		497,636
Zoetis, Inc.		10,000		1,953,800
				42,437,396
CABLE & SATELLITE - 0.8%
Comcast Corp. - Class A		106,200		4,435,974

CHEMICALS - 3.8%
Air Products & Chemicals, Inc.		6,887		2,050,535
Dow, Inc.		14,230		777,385
DuPont de Nemours, Inc.		8,138		725,177
Ecolab, Inc.		3,050		778,757
FMC Corp. ^(a)		6,420		423,335
International Flavors & Fragrances, Inc.		6,622		694,846
Linde plc		15,566		7,422,803
LyondellBasell Industries N.V. - Class A		63,530		6,092,527
Mosaic Co. (The)		22,700		607,906
Sherwin-Williams Co. (The)		1,500		572,505
				20,145,776
COMMERCIAL SUPPORT SERVICES - 1.1%
Republic Services, Inc.		11,450		2,299,618
Rollins, Inc.		14,870		752,125
Waste Management, Inc.		12,790		2,655,204
				5,706,947
CONSTRUCTION MATERIALS - 0.1%
Vulcan Materials Co.		1,520		380,654

CONTAINERS & PACKAGING - 0.3%
Amcor plc		116,400		1,318,812

Schedule of Portfolio Investments (Continued)

Praxis Value Index Fund

COMMON STOCKS - 98.7% (Continued)	Shares		Fair Value
CONTAINERS & PACKAGING - 0.3% (Continued)
Smurfit WestRock plc		7,860	$	388,441
				1,707,253
DIVERSIFIED INDUSTRIALS - 1.6%
Dover Corp.		7,683		1,473,138
Emerson Electric Co.		31,994		3,499,184
Illinois Tool Works, Inc.		12,695		3,326,979
				8,299,301
E-COMMERCE DISCRETIONARY - 0.2%
eBay, Inc.		12,910		840,570

ELECTRIC UTILITIES - 5.3%
AES Corp. (The)		22,334		448,020
Alliant Energy Corp.		9,970		605,079
Ameren Corp.		7,630		667,320
American Electric Power Co., Inc.		16,270		1,669,302
CenterPoint Energy, Inc.		19,510		573,984
CMS Energy Corp. ^(a)		6,230		440,025
Consolidated Edison, Inc.		25,911		2,698,112
DTE Energy Co.		7,370		946,382
Duke Energy Corp.		29,394		3,389,128
Edison International		16,627		1,448,045
Eversource Energy		14,030		954,742
Exelon Corp.		36,210		1,468,316
FirstEnergy Corp.		9,530		422,656
NextEra Energy, Inc.		57,830		4,888,370
PPL Corp.		22,540		745,623
Sempra		16,966		1,418,867
Southern Co. (The)		41,691		3,759,694
WEC Energy Group, Inc.		7,950		764,631
Xcel Energy, Inc.		9,744		636,283
				27,944,579
ELECTRICAL EQUIPMENT - 3.2%
Carrier Global Corp.		15,630		1,258,059
Generac Holdings, Inc. ^(b)		5,380		854,774
Johnson Controls International plc		45,737		3,549,649
Keysight Technologies, Inc. ^(b)		2,630		417,986
Otis Worldwide Corp.		20,480		2,128,691
Rockwell Automation, Inc.		6,040		1,621,498

Schedule of Portfolio Investments (Continued)

Praxis Value Index Fund

COMMON STOCKS - 98.7% (Continued)	Shares		Fair Value
ELECTRICAL EQUIPMENT - 3.2% (Continued)
TE Connectivity plc ^(b)		14,490	$	2,187,845
Trane Technologies plc		10,350		4,023,356
Trimble, Inc. ^(b)		8,990		558,189
				16,600,047
ENGINEERING & CONSTRUCTION - 0.1%
Quanta Services, Inc. ^(a)		1,340		399,521

ENTERTAINMENT CONTENT - 1.2%
Electronic Arts, Inc.		3,150		451,836
Fox Corp. - Class B		26,390		1,023,932
Walt Disney Co. (The)		45,899		4,415,025
Warner Bros. Discovery, Inc. ^(b)		57,457		474,020
				6,364,813
FOOD - 1.3%
Conagra Brands, Inc.		16,070		522,596
General Mills, Inc.		17,730		1,309,361
Hormel Foods Corp.		12,110		383,887
J.M. Smucker Co. (The)		5,630		681,793
Kellanova		12,810		1,033,895
Kraft Heinz Co. (The)		26,230		920,935
McCormick & Co., Inc.		6,090		501,207
Mondelez International, Inc. - Class A		20,922		1,541,324
				6,894,998
GAS & WATER UTILITIES - 0.4%
American Water Works Co., Inc.		10,830		1,583,779
NiSource, Inc.		19,060		660,429
				2,244,208
HEALTH CARE FACILITIES & SERVICES - 3.2%
Cardinal Health, Inc.		10,090		1,115,147
Cencora, Inc.		6,580		1,481,027
CVS Health Corp.		43,164		2,714,152
Elevance Health, Inc.		7,690		3,998,800
Henry Schein, Inc. ^(b)		5,500		400,950
Humana, Inc. ^(a)		3,510		1,111,757
IQVIA Holdings, Inc. ^(b)		2,920		691,952
Labcorp Holdings, Inc.		2,110		471,543
McKesson Corp.		6,224		3,077,270

Schedule of Portfolio Investments (Continued)

Praxis Value Index Fund

COMMON STOCKS - 98.7% (Continued)	Shares		Fair Value
HEALTH CARE FACILITIES & SERVICES - 3.2% (Continued)
Quest Diagnostics, Inc.		11,780	$	1,828,845
				16,891,443
HOME CONSTRUCTION - 0.1%
Masco Corp.		5,880		493,567

HOUSEHOLD PRODUCTS - 2.9%
Church & Dwight Co., Inc.		4,060		425,163
Clorox Co. (The)		4,350		708,659
Colgate-Palmolive Co.		9,540		990,347
Estée Lauder Cos., Inc. (The) - Class A		5,690		567,236
Kenvue, Inc.		20,430		472,546
Kimberly-Clark Corp.		8,810		1,253,487
Procter & Gamble Co. (The)		62,816		10,879,731
				15,297,169
INDUSTRIAL SUPPORT SERVICES - 0.3%
Fastenal Co.		9,800		699,916
W.W. Grainger, Inc.		870		903,765
				1,603,681
INSTITUTIONAL FINANCIAL SERVICES - 3.7%
Bank of New York Mellon Corp. (The)		38,024		2,732,405
CME Group, Inc.		11,190		2,469,073
Goldman Sachs Group, Inc. (The)		10,260		5,079,829
Intercontinental Exchange, Inc.		19,320		3,103,565
Morgan Stanley		35,881		3,740,235
Nasdaq, Inc.		7,520		549,035
Northern Trust Corp.		6,107		549,813
State Street Corp.		11,380		1,006,789
				19,230,744
INSURANCE - 6.0%
Aflac, Inc.		25,980		2,904,564
Allstate Corp. (The)		13,549		2,569,568
American International Group, Inc.		22,987		1,683,338
Arthur J. Gallagher & Co.		4,520		1,271,792
Assurant, Inc.		2,160		429,538
Berkley (W.R.) Corp.		14,737		836,030
Brown & Brown, Inc.		15,040		1,558,144
Chubb Ltd.		13,700		3,950,943
Cincinnati Financial Corp.		6,252		851,022

Schedule of Portfolio Investments (Continued)

Praxis Value Index Fund

COMMON STOCKS - 98.7% (Continued)	Shares		Fair Value
INSURANCE - 6.0% (Continued)
Everest Group Ltd.		2,840	$	1,112,797
Hartford Financial Services Group, Inc. (The)		10,830		1,273,716
Loews Corp.		5,440		430,032
Marsh & McLennan Cos., Inc.		9,860		2,199,667
MetLife, Inc.		29,933		2,468,874
Principal Financial Group, Inc. ^(a)		4,520		388,268
Progressive Corp. (The)		15,160		3,847,002
Prudential Financial, Inc.		14,160		1,714,776
Travelers Cos., Inc. (The)		9,613		2,250,596
				31,740,667
INTERNET MEDIA & SERVICES - 0.2%
Airbnb, Inc. - Class A ^(b)		2,890		366,481
Alphabet, Inc. - Class C		3,320		555,071
				921,552
LEISURE FACILITIES & SERVICES - 1.6%
Hilton Worldwide Holdings, Inc.		3,170		730,685
McDonald's Corp.		13,880		4,226,599
Starbucks Corp.		16,870		1,644,656
Yum! Brands, Inc.		12,440		1,737,992
				8,339,932
LEISURE PRODUCTS - 0.1%
Hasbro, Inc.		8,300		600,256

MACHINERY - 1.0%
Deere & Co.		987		411,905
Ingersoll-Rand, Inc.		6,920		679,267
Nordson Corp.		2,610		685,464
Stanley Black & Decker, Inc.		7,150		787,430
Veralto Corp.		8,640		966,470
Xylem, Inc.		13,260		1,790,498
				5,321,034
MEDICAL EQUIPMENT & DEVICES - 7.1%
Abbott Laboratories		30,640		3,493,266
Agilent Technologies, Inc.		5,280		783,974
Align Technology, Inc. ^(b)		2,610		663,775
Baxter International, Inc.		36,912		1,401,549
Becton, Dickinson and Co.		4,910		1,183,801
Bio-Techne Corp.		7,100		567,503

Schedule of Portfolio Investments (Continued)

Praxis Value Index Fund

COMMON STOCKS - 98.7% (Continued)	Shares		Fair Value
MEDICAL EQUIPMENT & DEVICES - 7.1% (Continued)
Boston Scientific Corp. ^(b)		21,060	$	1,764,828
Cooper Cos., Inc. (The) ^(b)		4,680		516,391
Danaher Corp.		24,190		6,725,304
DexCom, Inc. ^(b)		8,590		575,874
Edwards Lifesciences Corp. ^(b)		11,430		754,266
GE HealthCare Technologies, Inc.		8,650		811,802
Hologic, Inc. ^(b)		4,780		389,379
Intuitive Surgical, Inc. ^(b)		3,050		1,498,373
Medtronic plc		51,560		4,641,947
Mettler-Toledo International, Inc. ^(b)		1,160		1,739,652
ResMed, Inc.		2,370		578,564
Revvity, Inc. ^(a)		9,170		1,171,468
STERIS plc		3,150		764,001
Stryker Corp.		3,450		1,246,347
Thermo Fisher Scientific, Inc.		8,624		5,334,548
Zimmer Biomet Holdings, Inc.		5,900		636,905
				37,243,517
METALS & MINING - 0.2%
Newmont Corp.		16,070		858,942

OIL & GAS PRODUCERS - 3.0%
ConocoPhillips		53,697		5,653,220
Devon Energy Corp.		27,760		1,085,971
EOG Resources, Inc.		17,720		2,178,320
Marathon Oil Corp.		43,090		1,147,487
ONEOK, Inc.		10,150		924,969
Valero Energy Corp.		35,310		4,767,909
				15,757,876
OIL & GAS SERVICES & EQUIPMENT - 1.6%
Baker Hughes Co.		128,450		4,643,468
Schlumberger Ltd.		93,156		3,907,894
				8,551,362
REAL ESTATE SERVICES - 0.2%
CBRE Group, Inc. - Class A ^(b)		8,480		1,055,590

REITS - 3.3%
American Tower Corp.		4,760		1,106,986
AvalonBay Communities, Inc. ^(a)		3,750		844,688

Schedule of Portfolio Investments (Continued)

Praxis Value Index Fund

COMMON STOCKS - 98.7% (Continued)	Shares		Fair Value
REITS - 3.3% (Continued)
BXP, Inc.		7,640	$	614,714
Crown Castle, Inc.		5,530		656,024
Digital Realty Trust, Inc.		2,790		451,506
Equinix, Inc.		2,320		2,059,302
Equity Residential		7,500		558,450
Extra Space Storage, Inc. ^(a)		3,150		567,599
Federal Realty Investment Trust		4,450		511,617
Host Hotels & Resorts, Inc. ^(a)		41,200		725,120
Kimco Realty Corp.		22,420		520,592
Mid-America Apartment Communities, Inc.		2,910		462,399
Prologis, Inc.		15,540		1,962,391
Public Storage		1,920		698,630
Regency Centers Corp.		9,230		666,683
Simon Property Group, Inc.		8,469		1,431,430
UDR, Inc.		14,880		674,659
Ventas, Inc.		11,270		722,745
Welltower, Inc.		17,680		2,263,570
				17,499,105
RENEWABLE ENERGY - 0.1%
First Solar, Inc. ^(b)		2,120		528,813

RETAIL - CONSUMER STAPLES - 3.6%
Costco Wholesale Corp.		5,880		5,212,738
Dollar General Corp.		5,410		457,524
Dollar Tree, Inc. ^(a)(b)		3,440		241,901
Kroger Co. (The)		20,514		1,175,452
Target Corp.		9,860		1,536,780
Walgreen Boots Alliance, Inc. ^(a)		52,370		469,235
Walmart, Inc.		125,030		10,096,172
				19,189,802
RETAIL - DISCRETIONARY - 2.3%
AutoZone, Inc. ^(b)		240		756,010
Best Buy Co., Inc. ^(a)		9,790		1,011,307
CarMax, Inc. ^(a)(b)		7,850		607,433
Genuine Parts Co. ^(a)		4,570		638,338
Home Depot, Inc. (The)		10,732		4,348,606
Lowe's Cos., Inc.		11,760		3,185,196

Schedule of Portfolio Investments (Continued)

Praxis Value Index Fund

COMMON STOCKS - 98.7% (Continued)	Shares		Fair Value
RETAIL - DISCRETIONARY - 2.3% (Continued)
TJX Cos., Inc. (The)		12,030	$	1,414,006
				11,960,896
SEMICONDUCTORS - 2.5%
Broadcom, Inc.		5,000		862,500
Intel Corp.		110,518		2,592,752
Microchip Technology, Inc.		4,630		371,743
Micron Technology, Inc.		24,860		2,578,231
NVIDIA Corp.		3,280		398,323
ON Semiconductor Corp. ^(b)		2,260		164,099
QUALCOMM, Inc.		13,770		2,341,588
Texas Instruments, Inc.		18,640		3,850,465
				13,159,701
SOFTWARE - 2.7%
ANSYS, Inc. ^(b)		1,760		560,789
Autodesk, Inc. ^(b)		2,650		730,022
Cadence Design Systems, Inc. ^(b)		2,340		634,210
Gen Digital, Inc.		38,360		1,052,215
Intuit, Inc.		1,200		745,200
Microsoft Corp.		8,620		3,709,186
Oracle Corp.		12,032		2,050,253
Roper Technologies, Inc.		4,500		2,503,980
Salesforce, Inc.		3,040		832,078
Synopsys, Inc. ^(b)		920		465,879
Tyler Technologies, Inc. ^(b)		1,720		1,003,998
				14,287,810
SPECIALTY FINANCE - 1.2%
American Express Co.		9,754		2,645,285
Capital One Financial Corp.		12,880		1,928,523
Discover Financial Services		5,770		809,473
Synchrony Financial		14,390		717,773
				6,101,054
TECHNOLOGY HARDWARE - 1.8%
Cisco Systems, Inc.		101,020		5,376,284
Corning, Inc.		32,890		1,484,984
Hewlett Packard Enterprise Co.		46,690		955,277
HP, Inc.		40,700		1,459,909
				9,276,454

Schedule of Portfolio Investments (Continued)

Praxis Value Index Fund

COMMON STOCKS - 98.7% (Continued)	Shares		Fair Value
TECHNOLOGY SERVICES - 5.4%
Accenture plc - Class A		16,780	$	5,931,394
Automatic Data Processing, Inc.		10,480		2,900,130
Cognizant Technology Solutions Corp. - Class A		9,430		727,807
CoStar Group, Inc. ^(b)		9,390		708,382
Equifax, Inc.		1,390		408,465
Fidelity National Information Services, Inc.		7,360		616,400
Fiserv, Inc. ^(b)		8,480		1,523,432
Global Payments, Inc.		5,710		584,818
Mastercard, Inc. - Class A		5,040		2,488,752
Moody's Corp.		1,100		522,049
Paychex, Inc.		3,334		447,390
PayPal Holdings, Inc. ^(b)		28,270		2,205,908
S&P Global, Inc.		9,180		4,742,572
Verisk Analytics, Inc.		5,050		1,353,198
Visa, Inc. - Class A		12,270		3,373,637
				28,534,334
TELECOMMUNICATIONS - 2.3%
AT&T, Inc.		211,666		4,656,652
T-Mobile US, Inc.		11,270		2,325,677
Verizon Communications, Inc.		115,490		5,186,656
				12,168,985
TRANSPORTATION & LOGISTICS - 2.2%
CSX Corp.		28,330		978,235
Delta Air Lines, Inc. ^(a)		19,150		972,628
FedEx Corp.		8,230		2,252,386
Norfolk Southern Corp.		4,340		1,078,490
Southwest Airlines Co.		51,320		1,520,611
Union Pacific Corp.		10,560		2,602,829
United Airlines Holdings, Inc. ^(b)		13,060		745,204
United Parcel Service, Inc. - Class B		12,540		1,709,704
				11,860,087
TRANSPORTATION EQUIPMENT - 0.1%
Westinghouse Air Brake Technologies Corp.		3,040		552,581

WHOLESALE - CONSUMER STAPLES - 0.4%
Archer-Daniels-Midland Co.		20,520		1,225,865
Bunge Global S.A.		3,360		324,710

Schedule of Portfolio Investments (Continued)

Praxis Value Index Fund

COMMON STOCKS - 98.7% (Continued)	Shares		Fair Value
WHOLESALE - CONSUMER STAPLES - 0.4% (Continued)
Sysco Corp. ^(a)		10,550	$	823,533
				2,374,108
WHOLESALE - DISCRETIONARY - 0.1%
LKQ Corp.		11,370		453,890

TOTAL COMMON STOCKS (COST $378,089,057)			$	519,301,022

CORPORATE NOTES - 0.9%	Coupon			Maturity		Principal Amount		Fair Value
COMMUNITY DEVELOPMENT - 0.9%
Calvert Impact Capital, Inc. ^(c)		3.000	%		12/15/24	$	250,000	$	248,205
Calvert Impact Capital, Inc. ^(c)		2.500	%		06/13/25		280,000		274,711
Calvert Impact Capital, Inc. ^(c)		2.500	%		12/15/25		450,000		437,667
Calvert Impact Capital, Inc. ^(c)		4.000	%		06/15/28		350,000		338,109
Calvert Impact Capital, Inc. ^(c)		5.000	%		12/15/28		800,000		797,501
Calvert Impact Capital, Inc. ^(c)		5.000	%		06/15/29		830,000		825,428
Capital Impact Partners Investment ^(c)		5.750	%		06/15/25		820,000		826,698
Capital Impact Partners Investment ^(c)		5.000	%		12/15/26		1,000,000		1,017,967
TOTAL CORPORATE NOTES (COST $4,780,000)								$	4,766,286

MONEY MARKET FUNDS - 0.3%		Shares				Fair Value
First American Government Obligations Fund - Class X 4.82% ^(d) (COST $1,322,720)			1,322,720			$	1,322,720

Schedule of Portfolio Investments (Continued)

Praxis Value Index Fund

INVESTMENT PURCHASED WITH THE CASH PROCEEDS FROM SECURITIES LENDING - 2.7%	Shares		Fair Value
Mount Vernon Liquid Assets Portfolio, LLC, 4.95% ^(e)(f) (COST $14,412,205)		14,412,205	$	14,412,205

TOTAL INVESTMENTS - (COST $398,603,982) - 102.6%			$	539,802,233

LIABILITIES IN EXCESS OF OTHER ASSETS - (2.6%)				(13,650,384	)

NET ASSETS - 100.0%			$	526,151,849

^(a)	All or a portion of the security is on loan. The total fair value of the securities on loan as of September 30, 2024 was $14,093,300.
^(b)	Non-income producing security.
^(c)	Illiquid securities are as follows:

	Acquisition Date		Current Cost		Fair Value		% of Net Assets
Calvert Impact Capital, Inc., 3.000%, 12/15/24		12/12/19	$	250,000	$	248,205		0.0	%^(d)
Calvert Impact Capital, Inc., 2.500%, 06/13/25		06/12/20		280,000		274,711		0.1	%
Calvert Impact Capital, Inc., 2.500%, 12/15/25		12/15/20		450,000		437,667		0.1	%
Calvert Impact Capital, Inc., 4.000%, 06/15/28		06/15/23		350,000		338,109		0.1	%
Calvert Impact Capital, Inc., 5.000%, 12/15/28		12/15/23		800,000		797,501		0.1	%
Calvert Impact Capital, Inc., 5.000%, 06/15/29		06/14/24		830,000		825,428		0.1	%
Capital Impact Partners Investment, 5.750%, 06/15/24		06/20/23		820,000		826,698		0.2	%
Capital Impact Partners Investment, 5.000%, 12/15/26		12/15/23		1,000,000		1,017,967		0.2	%
			$	4,780,000	$	4,766,286		0.9	%

^(d)	Percentage rounds to less than 0.1%.
^(e)	The rate shown is the 7-day effective yield as of September 30, 2024.
^(f)	The security was purchased with cash collateral received from securities on loan.

plc - Public Liability Company

REIT – Real Estate Investment Trust

Schedule of Portfolio Investments

Praxis Growth Index Fund

September 30, 2024 (Unaudited)

COMMON STOCKS - 98.8%	Shares		Fair Value
ADVERTISING & MARKETING - 0.1%
Interpublic Group of Cos., Inc. (The) ^(a)		23,990	$	758,804

ASSET MANAGEMENT - 0.1%
Franklin Resources, Inc. ^(a)		45,560		918,034

AUTOMOTIVE - 2.4%
Tesla, Inc. ^(b)		59,370		15,532,973

BANKING - 0.0% ^(c)
Citizens Financial Group, Inc.		6,730		276,401

BEVERAGES - 0.7%
Coca-Cola Co. (The)		29,840		2,144,302
PepsiCo, Inc.		13,850		2,355,193
				4,499,495
BIOTECH & PHARMA - 4.3%
AbbVie, Inc.		7,461		1,473,398
Eli Lilly & Co.		21,650		19,180,601
Merck & Co., Inc.		23,611		2,681,265
Regeneron Pharmaceuticals, Inc. ^(b)		1,821		1,914,308
Vertex Pharmaceuticals, Inc. ^(b)		4,274		1,987,752
Zoetis, Inc.		5,260		1,027,699
				28,265,023
CHEMICALS - 1.2%
Linde plc		13,918		6,636,937
LyondellBasell Industries N.V. - Class A		10,990		1,053,941
				7,690,878
COMMERCIAL SUPPORT SERVICES - 0.4%
Cintas Corp.		7,080		1,457,631
Republic Services, Inc.		3,500		702,940
Waste Management, Inc.		2,274		472,082
				2,632,653
DIVERSIFIED INDUSTRIALS - 0.2%
Illinois Tool Works, Inc.		5,274		1,382,157

E-COMMERCE DISCRETIONARY - 5.1%
Amazon.com, Inc. ^(b)		175,000		32,607,750

Schedule of Portfolio Investments (Continued)

Praxis Growth Index Fund

COMMON STOCKS - 98.8% (Continued)	Shares		Fair Value
E-COMMERCE DISCRETIONARY - 5.1% (Continued)
eBay, Inc. ^(a)		8,540	$	556,039
				33,163,789
ELECTRIC UTILITIES - 0.2%
NextEra Energy, Inc.		6,390		540,147
Sempra		8,850		740,125
				1,280,272
ELECTRICAL EQUIPMENT - 1.1%
Amphenol Corp. - Class A		11,944		778,271
Carrier Global Corp. ^(a)		10,260		825,827
Keysight Technologies, Inc. ^(b)		3,981		632,700
Rockwell Automation, Inc.		3,288		882,697
Trane Technologies plc		10,630		4,132,200
				7,251,695
ENTERTAINMENT CONTENT - 0.1%
Electronic Arts, Inc.		4,545		651,935

FOOD - 0.2%
Mondelez International, Inc. - Class A		18,040		1,329,007

GAS & WATER UTILITIES - 0.1%
American Water Works Co., Inc.		2,580		377,299

HEALTH CARE FACILITIES & SERVICES - 0.5%
Cencora, Inc.		2,670		600,964
DaVita, Inc. ^(a)(b)		3,750		614,737
Elevance Health, Inc.		1,320		686,400
IQVIA Holdings, Inc. ^(b)		2,778		658,303
McKesson Corp.		1,910		944,342
				3,504,746
HOME CONSTRUCTION - 0.3%
D.R. Horton, Inc.		4,420		843,203
PulteGroup, Inc. ^(a)		9,050		1,298,947
				2,142,150
HOUSEHOLD PRODUCTS - 1.1%
Church & Dwight Co., Inc. ^(a)		4,800		502,656
Colgate-Palmolive Co.		10,057		1,044,017
Procter & Gamble Co. (The)		31,360		5,431,552
				6,978,225

Schedule of Portfolio Investments (Continued)

Praxis Growth Index Fund

COMMON STOCKS - 98.8% (Continued)	Shares		Fair Value
INDUSTRIAL SUPPORT SERVICES - 0.6%
United Rentals, Inc.		1,770	$	1,433,222
W.W. Grainger, Inc.		2,530		2,628,189
				4,061,411
INSTITUTIONAL FINANCIAL SERVICES - 0.1%
Nasdaq, Inc.		8,490		619,855

INSURANCE - 0.7%
Aon plc - Class A		2,560		885,735
Arch Capital Group Ltd. ^(b)		5,760		644,429
Globe Life, Inc.		11,800		1,249,738
Progressive Corp. (The)		5,690		1,443,894
				4,223,796
INTERNET MEDIA & SERVICES - 14.1%
Airbnb, Inc. - Class A ^(b)		4,890		620,101
Alphabet, Inc. - Class A		156,720		25,992,012
Alphabet, Inc. - Class C		124,120		20,751,622
Booking Holdings, Inc.		140		589,697
Meta Platforms, Inc. - Class A		54,530		31,215,153
Netflix, Inc. ^(b)		11,970		8,489,962
Uber Technologies, Inc. ^(b)		57,750		4,340,490
				91,999,037
LEISURE FACILITIES & SERVICES - 1.5%
Chipotle Mexican Grill, Inc. ^(b)		45,350		2,613,067
Hilton Worldwide Holdings, Inc.		7,350		1,694,175
Marriott International, Inc. - Class A		6,510		1,618,386
McDonald's Corp.		5,507		1,676,937
Royal Caribbean Cruises Ltd.		6,470		1,147,519
Starbucks Corp.		7,162		698,223
				9,448,307
LEISURE PRODUCTS - 0.2%
Axon Enterprise, Inc. ^(b)		1,360		543,456
Hasbro, Inc.		12,240		885,197
				1,428,653
MACHINERY - 0.8%
Deere & Co.		3,936		1,642,611
Ingersoll-Rand, Inc.		17,600		1,727,616
Veralto Corp.		10,924		1,221,958

Schedule of Portfolio Investments (Continued)

Praxis Growth Index Fund

COMMON STOCKS - 98.8% (Continued)	Shares		Fair Value
MACHINERY - 0.8% (Continued)
Xylem, Inc.		3,590	$	484,758
				5,076,943
MEDICAL EQUIPMENT & DEVICES - 3.4%
Agilent Technologies, Inc.		4,905		728,294
Boston Scientific Corp. ^(b)		21,830		1,829,354
Cooper Cos., Inc. (The) ^(b)		5,244		578,623
Danaher Corp.		14,694		4,085,226
DexCom, Inc. ^(b)		11,880		796,435
Edwards Lifesciences Corp. ^(b)		9,550		630,204
IDEXX Laboratories, Inc. ^(b)		1,700		858,874
Intuitive Surgical, Inc. ^(b)		6,880		3,379,938
Mettler-Toledo International, Inc. ^(b)		550		824,835
Stryker Corp.		4,430		1,600,382
Thermo Fisher Scientific, Inc.		9,165		5,669,194
Waters Corp. ^(b)		1,646		592,379
West Pharmaceutical Services, Inc.		2,130		639,341
				22,213,079
OIL & GAS PRODUCERS - 0.7%
ConocoPhillips		23,540		2,478,291
ONEOK, Inc.		11,050		1,006,986
Valero Energy Corp.		5,320		718,360
				4,203,637
OIL & GAS SERVICES & EQUIPMENT - 0.3%
Baker Hughes Co.		30,530		1,103,659
Schlumberger Ltd.		17,770		745,452
				1,849,111
REITS - 1.2%
American Tower Corp.		6,442		1,498,152
Digital Realty Trust, Inc.		3,940		637,610
Equinix, Inc.		1,777		1,577,318
Host Hotels & Resorts, Inc. ^(a)		46,150		812,240
Iron Mountain, Inc.		8,670		1,030,256
Prologis, Inc.		6,088		768,793
Public Storage		2,790		1,015,197
Simon Property Group, Inc.		2,960		500,299
				7,839,865
RETAIL - CONSUMER STAPLES - 0.7%
Costco Wholesale Corp.		4,443		3,938,808

Schedule of Portfolio Investments (Continued)

Praxis Growth Index Fund

COMMON STOCKS - 98.8% (Continued)	Shares		Fair Value
RETAIL - CONSUMER STAPLES - 0.7% (Continued)
Walmart, Inc.		7,770	$	627,428
				4,566,236
RETAIL - DISCRETIONARY - 2.7%
AutoZone, Inc. ^(b)		659		2,075,876
Home Depot, Inc. (The)		16,306		6,607,191
Lowe's Cos., Inc.		6,789		1,838,801
O'Reilly Automotive, Inc. ^(b)		1,810		2,084,396
Ross Stores, Inc.		9,900		1,490,049
TJX Cos., Inc. (The)		25,513		2,998,798
Tractor Supply Co. ^(a)		2,060		599,316
				17,694,427
SEMICONDUCTORS - 17.8%
Advanced Micro Devices, Inc. ^(b)		42,406		6,957,976
Applied Materials, Inc.		22,816		4,609,973
Broadcom, Inc.		115,490		19,922,025
KLA Corp.		3,560		2,756,900
Lam Research Corp.		4,073		3,323,894
Monolithic Power Systems, Inc.		1,260		1,164,870
NVIDIA Corp.		622,560		75,603,686
QUALCOMM, Inc.		10,950		1,862,048
				116,201,372
SOFTWARE - 14.5%
Adobe, Inc. ^(b)		4,497		2,328,457
ANSYS, Inc. ^(b)		2,190		697,800
Cadence Design Systems, Inc. ^(b)		10,624		2,879,423
Crowdstrike Holdings, Inc. - Class A ^(b)		1,880		527,284
Fortinet, Inc. ^(b)		12,990		1,007,375
Intuit, Inc.		7,350		4,564,350
Microsoft Corp.		128,238		55,180,811
Oracle Corp.		65,250		11,118,600
Roper Technologies, Inc.		1,000		556,440
Salesforce, Inc.		21,800		5,966,878
ServiceNow, Inc. ^(b)		6,293		5,628,396
Synopsys, Inc. ^(b)		6,460		3,271,279
Tyler Technologies, Inc. ^(b)		1,820		1,062,370
				94,789,463

Schedule of Portfolio Investments (Continued)

Praxis Growth Index Fund

COMMON STOCKS - 98.8% (Continued)	Shares		Fair Value
SPECIALTY FINANCE - 0.4%
American Express Co.		8,500	$	2,305,200

TECHNOLOGY HARDWARE - 14.9%
Apple, Inc.		399,198		93,013,134
Arista Networks, Inc. ^(b)		7,440		2,855,621
NetApp, Inc.		5,800		716,358
Super Micro Computer, Inc. ^(a)(b)		1,060		441,384
				97,026,497
TECHNOLOGY SERVICES - 5.2%
Accenture plc - Class A		17,989		6,358,752
Automatic Data Processing, Inc.		6,670		1,845,789
Broadridge Financial Solutions, Inc.		2,596		558,218
Fair Isaac Corp. ^(b)		880		1,710,298
Fiserv, Inc. ^(b)		11,266		2,023,937
Gartner, Inc. ^(b)		2,010		1,018,588
Mastercard, Inc. - Class A		17,186		8,486,447
Moody's Corp.		3,375		1,601,741
MSCI, Inc.		1,797		1,047,525
S&P Global, Inc.		1,944		1,004,309
Visa, Inc. - Class A		30,613		8,417,044
				34,072,648
TRANSPORTATION & LOGISTICS - 0.6%
CSX Corp.		22,471		775,924
Expeditors International of Washington, Inc. ^(a)		4,770		626,778
Old Dominion Freight Line, Inc. ^(a)		5,900		1,171,976
Union Pacific Corp.		5,761		1,419,971
				3,994,649
TRANSPORTATION EQUIPMENT - 0.0% ^(c)
PACCAR, Inc.		1,060		104,601

WHOLESALE - DISCRETIONARY - 0.3%
Copart, Inc. ^(b)		35,482		1,859,257

TOTAL COMMON STOCKS (COST $250,556,544)			$	644,213,580

Schedule of Portfolio Investments (Continued)

Praxis Growth Index Fund

CORPORATE NOTES - 0.8%	Coupon			Maturity		Principal Amount		Fair Value
COMMUNITY DEVELOPMENT - 0.8%
Calvert Impact Capital, Inc. ^(d)		3.000	%		12/15/24	$	150,000	$	148,923
Calvert Impact Capital, Inc. ^(d)		2.500	%		06/13/25		670,000		657,343
Calvert Impact Capital, Inc. ^(d)		2.500	%		12/15/25		500,000		486,297
Calvert Impact Capital, Inc. ^(d)		4.000	%		06/15/28		750,000		724,520
Calvert Impact Capital, Inc. ^(d)		5.000	%		12/15/28		450,000		448,594
Calvert Impact Capital, Inc. ^(d)		5.000	%		06/15/29		1,270,000		1,263,004
Capital Impact Partners Investment ^(d)		5.750	%		06/15/25		1,280,000		1,290,455
Capital Impact Partners Investment ^(d)		5.000	%		12/15/26		500,000		508,984
TOTAL CORPORATE NOTES (COST $5,570,000)								$	5,528,120

MONEY MARKET FUNDS - 0.3%		Shares				Fair Value
First American Government Obligations Fund - Class X, 4.82% ^(e) (COST $2,151,386)			2,151,386			$	2,151,386

INVESTMENT PURCHASED WITH THE CASH PROCEEDS FROM SECURITIES LENDING - 1.4%	Shares		Fair Value
Mount Vernon Liquid Assets Portfolio, LLC, 4.95% ^(e)(f) (COST $8,877,543)		8,877,543	$	8,877,543

TOTAL INVESTMENTS - (COST $267,155,473) - 101.3%			$	660,770,629

LIABILITIES IN EXCESS OF OTHER ASSETS - (1.3%)				(8,458,102	)

NET ASSETS - 100.0%			$	652,312,527

^(a)	All or a portion of the security is on loan. The total fair value of the securities on loan as of September 30, 2024 was $8,678,237.
^(b)	Non-income producing security.
^(c)	Percentage rounds to less than 0.1%.

^(d)	Illiquid securities are as follows:

	Acquisition Date		Current Cost		Fair Value		% of Net Assets
Calvert Impact Capital, Inc., 3.000%, 12/15/24		12/12/19	$	150,000	$	148,923		0.0	%^(c)
Calvert Impact Capital, Inc., 2.500%, 06/13/25		06/12/20		670,000		657,343		0.1	%
Calvert Impact Capital, Inc., 2.500%, 12/15/25		12/15/20		500,000		486,297		0.1	%
Calvert Impact Capital, Inc., 4.000%, 06/15/28		06/15/23		750,000		724,520		0.1	%
Calvert Impact Capital, Inc., 5.000%, 12/15/28		12/15/23		450,000		448,594		0.0	%^(c)
Calvert Impact Capital, Inc., 5.000%, 06/15/29		06/14/24		1,270,000		1,263,004		0.2	%
Capital Impact Partners Investment, 5.750%, 06/15/25		06/20/23		1,280,000		1,290,455		0.2	%
Capital Impact Partners Investment, 5.000%, 12/15/26		12/15/23		500,000		508,984		0.1	%
			$	5,570,000	$	5,528,120		0.8	%

^(e)	The rate shown is the 7-day effective yield as of September 30, 2024.
^(f)	The security was purchased with cash collateral received from securities on loan.

plc - Public Liability Company

REIT – Real Estate Investment Trust

Schedule of Portfolio Investments

Praxis Small Cap Index Fund

September 30, 2024 (Unaudited)

COMMON STOCKS - 98.9%	Shares		Fair Value
ADVERTISING & MARKETING - 0.2%
QuinStreet, Inc. ^(a)		15,860	$	303,402

AEROSPACE & DEFENSE - 0.2%
Barnes Group, Inc.		7,300		294,993

APPAREL & TEXTILE PRODUCTS - 1.6%
Hanesbrands, Inc. ^(a)(b)		51,000		374,850
Kontoor Brands, Inc.		6,660		544,655
Oxford Industries, Inc.		3,465		300,623
Steven Madden Ltd.		11,935		584,696
VF Corp. ^(b)		39,760		793,212
Wolverine World Wide, Inc.		19,270		335,683
				2,933,719
ASSET MANAGEMENT - 1.0%
Artisan Partners Asset Management, Inc. - Class A ^(b)		8,570		371,252
BrightSphere Investment Group, Inc.		7,030		178,562
Kennedy-Wilson Holdings, Inc. ^(b)		44,910		496,255
StepStone Group, Inc. - Class A		6,100		346,663
Virtus Investment Partners, Inc.		920		192,694
WisdomTree, Inc. ^(b)		21,350		213,287
				1,798,713
AUTOMOTIVE - 0.8%
Adient plc ^(a)		10,650		240,371
American Axle & Manufacturing Holdings, Inc. ^(a)		14,390		88,930
Dana, Inc.		16,490		174,134
Dorman Products, Inc. ^(a)		2,970		335,966
Gentherm, Inc. ^(a)		4,670		217,389
Phinia, Inc.		5,290		243,499
XPEL, Inc. ^(a)		2,720		117,966
				1,418,255
BANKING – 8.8%
Ameris Bancorp		7,424		463,183
Atlantic Union Bankshares Corp.		7,690		289,682
Axos Financial, Inc. ^(a)		8,590		540,139
Banc of California, Inc.		19,671		289,754
BancFirst Corp.		3,710		390,477
Bancorp, Inc. (The) ^(a)(b)		10,190		545,165

Schedule of Portfolio Investments (Continued)

Praxis Small Cap Index Fund

COMMON STOCKS - 98.9% (Continued)	Shares		Fair Value
BANKING – 8.8% (Continued)
Bank of Hawaii Corp. ^(b)		5,430	$	340,841
BankUnited, Inc.		9,140		333,062
Banner Corp.		2,830		168,555
Berkshire Hills Bancorp, Inc.		7,000		188,510
Capitol Federal Financial, Inc.		56,960		332,646
Cathay General Bancorp		6,960		298,932
Central Pacific Financial Corp.		12,720		375,367
City Holding Co. ^(b)		2,750		322,822
Comerica, Inc.		16,430		984,321
Community Financial System, Inc.		2,820		163,757
Customers Bancorp, Inc. ^(a)		10,660		495,157
CVB Financial Corp.		15,780		281,200
Dime Community Bancshares, Inc. ^(b)		12,609		363,139
Eagle Bancorp, Inc.		5,280		119,222
FB Financial Corp.		7,386		346,625
First BanCorp		38,970		824,995
First Bancorp/NC		5,760		239,558
First Financial Bancorp		9,830		248,011
First Hawaiian, Inc. ^(b)		13,580		314,377
Fulton Financial Corp.		14,520		263,248
Hanmi Financial Corp.		9,870		183,582
Hope Bancorp, Inc.		13,410		168,430
Independent Bank Corp.		3,200		189,216
Independent Bank Group, Inc.		4,740		273,308
Lakeland Financial Corp. ^(b)		3,090		201,221
National Bank Holdings Corp. - Class A ^(b)		6,570		276,597
NBT Bancorp, Inc.		4,520		199,920
Northwest Bancshares, Inc.		21,190		283,522
OFG Bancorp		7,230		324,772
Pacific Premier Bancorp, Inc.		13,776		346,604
Park National Corp.		2,050		344,359
Pathward Financial, Inc.		6,750		445,567
Preferred Bank ^(b)		2,910		233,528
Provident Financial Services, Inc.		14,020		260,211
Seacoast Banking Corp. of Florida		8,500		226,525
ServisFirst Bancshares, Inc. ^(b)		10,670		858,402
Simmons First National Corp. - Class A		12,940		278,728

Schedule of Portfolio Investments (Continued)

Praxis Small Cap Index Fund

COMMON STOCKS - 98.9% (Continued)	Shares		Fair Value
BANKING – 8.8% (Continued)
Triumph Financial, Inc. ^(a)		5,040	$	400,882
Trustmark Corp.		9,210		293,062
United Community Banks, Inc.		12,060		350,705
Veritex Holdings, Inc.		12,430		327,158
WaFd, Inc. ^(b)		7,540		262,769
WSFS Financial Corp.		7,320		373,247
				16,625,060
BEVERAGES - 0.1%
National Beverage Corp.		4,440		208,414

BIOTECH & PHARMA - 3.4%
ADMA Biologics, Inc. ^(a)		28,580		571,314
Alkermes plc ^(a)		18,380		514,456
Amphastar Pharmaceuticals, Inc. ^(a)(b)		6,470		313,989
Arcus Biosciences, Inc. ^(a)		6,870		105,042
Catalyst Pharmaceutical, Inc. ^(a)		15,260		303,369
Certara, Inc. ^(a)		14,910		174,596
Collegium Pharmaceutical, Inc. ^(a)		9,800		378,672
Cytek Biosciences, Inc. ^(a)		16,760		92,850
Dynavax Technologies Corp. ^(a)		20,100		223,914
Harmony Biosciences Holdings, Inc. ^(a)(b)		4,890		195,600
Innoviva, Inc. ^(a)(b)		11,970		231,141
Ironwood Pharmaceuticals, Inc. ^(a)		27,850		114,742
Krystal Biotech, Inc. ^(a)(b)		3,060		557,012
Ligand Pharmaceuticals, Inc. ^(a)		2,760		276,248
Organon & Co.		34,670		663,237
Prestige Consumer Healthcare, Inc. ^(a)		6,630		478,023
Protagonist Therapeutics, Inc. ^(a)		7,050		317,250
REGENXBIO, Inc. ^(a)		11,650		122,209
Supernus Pharmaceuticals, Inc. ^(a)		7,570		236,033
TG Therapeutics, Inc. ^(a)(b)		16,260		380,321
Vir Biotechnology, Inc. ^(a)		12,780		95,722
Xencor, Inc. ^(a)		6,850		137,754
				6,483,494
CABLE & SATELLITE - 0.1%
Cable One, Inc.		550		192,384

Schedule of Portfolio Investments (Continued)

Praxis Small Cap Index Fund

COMMON STOCKS - 98.9% (Continued)	Shares		Fair Value
CHEMICALS - 2.6%
AdvanSix, Inc.		7,800	$	236,964
Balchem Corp.		5,560		978,560
H.B. Fuller Co.		10,240		812,851
Ingevity Corp. ^(a)		6,090		237,510
Innospec, Inc.		4,330		489,680
Materion Corp.		5,040		563,774
Minerals Technologies, Inc.		3,580		276,483
Quaker Chemical Corp.		1,410		237,571
Rogers Corp. ^(a)		3,610		407,966
Sensient Technologies Corp.		1,680		134,770
Stepan Co.		1,350		104,288
WD-40 Co.		1,810		466,763
				4,947,180
COMMERCIAL SUPPORT SERVICES - 3.0%
ABM Industries, Inc.		13,350		704,346
AMN Healthcare Services, Inc. ^(a)		4,780		202,624
Brady Corp. - Class A		14,310		1,096,575
CorVel Corp. ^(a)		2,390		781,267
Enviri Corp. ^(a)		29,700		307,098
Healthcare Services Group, Inc. ^(a)		12,190		136,162
Heidrick & Struggles International, Inc.		6,300		244,818
Korn Ferry		8,880		668,131
Robert Half, Inc.		12,870		867,567
UniFirst Corp.		1,790		355,584
Vestis Corp.		14,210		211,729
Viad Corp. ^(a)		2,260		80,976
				5,656,877
CONSUMER SERVICES - 1.1%
Adtalem Global Education, Inc. ^(a)		12,630		953,312
Perdoceo Education Corp.		16,740		372,298
Strategic Education, Inc.		2,550		236,002
Stride, Inc. ^(a)(b)		5,850		499,064
				2,060,676
CONTAINERS & PACKAGING - 0.6%
O-I Glass, Inc. ^(a)		15,550		204,016
Sealed Air Corp.		13,940		506,022
UFP Technologies, Inc. ^(a)(b)		1,370		433,879
				1,143,917

Schedule of Portfolio Investments (Continued)

Praxis Small Cap Index Fund

COMMON STOCKS - 98.9% (Continued)	Shares		Fair Value
E-COMMERCE DISCRETIONARY - 0.4%
Etsy, Inc. ^(a)		15,020	$	834,061

ELECTRIC UTILITIES - 1.3%
Avista Corp.		13,120		508,400
Clearway Energy, Inc. - Class C		28,910		886,959
MGE Energy, Inc.		4,820		440,789
Otter Tail Corp. ^(b)		4,280		334,525
Unitil Corp.		4,640		281,091
				2,451,764
ELECTRICAL EQUIPMENT - 2.8%
Advanced Energy Industries, Inc.		6,290		661,960
Alarm.com Holdings, Inc. ^(a)		7,330		400,731
Badger Meter, Inc.		5,970		1,303,908
Hayward Holdings, Inc. ^(a)(b)		12,720		195,125
Itron, Inc. ^(a)		6,020		642,996
Mesa Laboratories, Inc.		1,500		194,790
OSI Systems, Inc. ^(a)(b)		2,550		387,166
Powell Industries, Inc.		540		119,875
SPX Technologies, Inc. ^(a)		8,040		1,282,058
				5,188,609
ENGINEERING & CONSTRUCTION - 2.2%
Arcosa, Inc.		7,940		752,394
Dycom Industries, Inc. ^(a)		4,400		867,240
Frontdoor, Inc. ^(a)		14,390		690,576
Granite Construction, Inc. ^(b)		7,530		596,978
Installed Building Products, Inc.		3,410		839,781
MYR Group, Inc. ^(a)(b)		2,470		252,508
NV5 Global, Inc. ^(a)		1,220		114,046
				4,113,523
FOOD - 1.0%
B&G Foods, Inc.		27,450		243,756
Cal-Maine Foods, Inc.		7,550		565,042
J & J Snack Foods Corp. ^(b)		1,740		299,489
Simply Good Foods Co. (The) ^(a)		6,440		223,919
TreeHouse Foods, Inc. ^(a)		9,670		405,946
W.K. Kellogg Co. ^(b)		13,630		233,209
				1,971,361

Schedule of Portfolio Investments (Continued)

Praxis Small Cap Index Fund

COMMON STOCKS - 98.9% (Continued)	Shares		Fair Value
FORESTRY, PAPER & WOOD PRODUCTS - 0.7%
Boise Cascade Co.		7,010	$	988,270
Sylvamo Corp.		3,510		301,333
				1,289,603
GAS & WATER UTILITIES - 1.0%
American States Water Co.		5,890		490,578
California Water Service Group		14,610		792,154
Middlesex Water Co.		3,520		229,645
SJW Group		6,970		405,027
				1,917,404
HEALTH CARE FACILITIES & SERVICES - 2.5%
AdaptHealth Corp. ^(a)		26,210		294,338
Addus HomeCare Corp. ^(a)		2,750		365,832
Ensign Group, Inc. (The)		8,010		1,151,998
Fortrea Holdings, Inc. ^(a)(b)		12,320		246,400
Fulgent Genetics, Inc. ^(a)		6,220		135,161
NeoGenomics, Inc. ^(a)		16,530		243,818
Owens & Minor, Inc. ^(a)		12,010		188,437
Pediatrix Medical Group, Inc. ^(a)		12,880		149,279
Premier, Inc. - Class A		6,840		136,800
Progyny, Inc. ^(a)		10,310		172,796
RadNet, Inc. ^(a)		11,320		785,495
Select Medical Holdings Corp.		16,840		587,211
U.S. Physical Therapy, Inc.		2,080		176,030
				4,633,595
HOME & OFFICE PRODUCTS - 0.8%
HNI Corp.		7,870		423,721
Leggett & Platt, Inc.		21,770		296,507
MillerKnoll, Inc.		10,390		257,256
Newell Brands, Inc.		56,660		435,149
				1,412,633
HOME CONSTRUCTION - 3.4%
American Woodmark Corp. ^(a)		2,980		278,481
Armstrong World Industries, Inc.		2,600		341,718
Cavco Industries, Inc. ^(a)		1,950		835,068
Century Communities, Inc.		2,300		236,854
Green Brick Partners, Inc. ^(a)		5,000		417,600
Griffon Corp.		3,880		271,600
Interface, Inc.		25,680		487,149

Schedule of Portfolio Investments (Continued)

Praxis Small Cap Index Fund

COMMON STOCKS - 98.9% (Continued)	Shares		Fair Value
HOME CONSTRUCTION - 3.4% (Continued)
LGI Homes, Inc. ^(a)(b)		3,980	$	471,710
M/I Homes, Inc. ^(a)		3,510		601,474
Masterbrand, Inc. ^(a)		15,020		278,471
Meritage Homes Corp.		6,110		1,252,978
Patrick Industries, Inc.		2,420		344,535
TRI Pointe Homes, Inc. ^(a)		14,490		656,542
				6,474,180
HOUSEHOLD PRODUCTS - 0.4%
Central Garden & Pet Co. ^(a)(b)		3,630		132,386
Edgewell Personal Care Co.		6,500		236,210
Helen of Troy Ltd. ^(a)		2,160		133,596
Quanex Building Products Corp. ^(b)		11,930		331,058
				833,250
INDUSTRIAL INTERMEDIATE PRODUCTS - 1.6%
AZZ, Inc.		1,650		136,306
Enpro, Inc.		3,620		587,092
Gibraltar Industries, Inc. ^(a)		5,860		409,790
Insteel Industries, Inc.		5,170		160,735
Mueller Industries, Inc.		17,000		1,259,700
Proto Labs, Inc. ^(a)		4,540		133,340
Standex International Corp.		2,030		371,043
				3,058,006
INDUSTRIAL SUPPORT SERVICES - 0.4%
DXP Enterprises, Inc. ^(a)		5,460		291,346
Resideo Technologies, Inc. ^(a)		18,410		370,777
				662,123
INSTITUTIONAL FINANCIAL SERVICES - 1.3%
Moelis & Co. - Class A		9,440		646,735
Piper Sandler Cos.		3,730		1,058,611
PJT Partners, Inc. - Class A		2,390		318,683
StoneX Group, Inc. ^(a)		3,615		295,996
Virtu Financial, Inc. - Class A		6,790		206,823
				2,526,848
INSURANCE - 3.7%
Assured Guaranty Ltd. ^(b)		7,980		634,570
BCG Group, Inc. - Class A		30,410		279,164
Employers Holdings, Inc.		5,510		264,315
Genworth Financial, Inc. - Class A ^(a)		116,460		797,751

Schedule of Portfolio Investments (Continued)

Praxis Small Cap Index Fund

COMMON STOCKS - 98.9% (Continued)	Shares		Fair Value
INSURANCE - 3.7% (Continued)
Goosehead Insurance, Inc. - Class A ^(a)(b)		3,070	$	274,151
Jackson Financial, Inc. - Class A ^(b)		8,980		819,245
Lincoln National Corp.		26,790		844,153
Mercury General Corp.		4,640		292,227
NMI Holdings, Inc. - Class A ^(a)		14,340		590,665
Palomar Holdings, Inc. ^(a)		3,850		364,479
ProAssurance Corp. ^(a)		7,400		111,296
Radian Group, Inc.		20,170		699,697
Safety Insurance Group, Inc.		3,260		266,603
SiriusPoint Ltd. ^(a)		21,000		301,140
Trupanion, Inc. ^(a)		4,150		174,217
United Fire Group, Inc.		11,630		243,416
				6,957,089
INTERNET MEDIA & SERVICES - 0.9%
CarGurus, Inc. ^(a)		11,260		338,138
Cars.com, Inc. ^(a)		9,720		162,907
IAC, Inc. ^(a)		10,410		560,266
TechTarget, Inc. ^(a)		2,750		67,238
TripAdvisor, Inc. ^(a)		14,570		211,119
Yelp, Inc. ^(a)		11,460		402,017
				1,741,685
LEISURE FACILITIES & SERVICES - 2.1%
Bloomin' Brands, Inc.		13,060		215,882
Brinker International, Inc. ^(a)		7,800		596,934
Cheesecake Factory, Inc. (The)		7,530		305,341
Chuy's Holdings, Inc. ^(a)		6,950		259,930
Cinemark Holdings, Inc. ^(a)(b)		15,150		421,776
Cracker Barrel Old Country Store, Inc.		6,740		305,659
Dave & Buster's Entertainment, Inc. ^(a)		5,970		203,278
Jack in the Box, Inc.		3,950		183,833
Papa John's International, Inc.		5,730		308,675
Shake Shack, Inc. - Class A ^(a)		6,570		678,090
Six Flags Entertainment Corp.		13,564		546,765
				4,026,163
LEISURE PRODUCTS - 0.7%
Fox Factory Holding Corp. ^(a)		6,420		266,430
LCI Industries ^(b)		4,750		572,565
Topgolf Callaway Brands Corp. ^(a)(b)		27,900		306,342

Schedule of Portfolio Investments (Continued)

Praxis Small Cap Index Fund

COMMON STOCKS - 98.9% (Continued)	Shares		Fair Value
LEISURE PRODUCTS - 0.7% (Continued)
Winnebago Industries, Inc. ^(b)		3,720	$	216,169
				1,361,506
MACHINERY - 3.2%
Alamo Group, Inc.		1,800		324,234
CSW Industrials, Inc.		1,210		443,332
Enerpac Tool Group Corp.		19,940		835,287
ESCO Technologies, Inc.		2,890		372,752
Federal Signal Corp.		6,240		583,190
Franklin Electric Co., Inc.		6,300		660,366
Gates Industrial Corp. plc ^(a)		14,050		246,577
Hillenbrand, Inc.		4,920		136,776
Ichor Holdings Ltd. ^(a)		8,140		258,933
John Bean Technologies Corp.		5,325		524,566
Kennametal, Inc. ^(b)		10,250		265,782
Lindsay Corp.		3,140		391,370
Stellar Bancorp, Inc.		8,879		229,877
Tennant Co.		2,040		195,922
Titan International, Inc. ^(a)		33,750		274,388
Zurn Elkay Water Solutions Corp.		8,530		306,568
				6,049,920
MEDICAL EQUIPMENT & DEVICES - 4.2%
Artivion, Inc. ^(a)		7,320		194,858
Avanos Medical, Inc. ^(a)		4,200		100,926
BioLife Solutions, Inc. ^(a)		15,770		394,881
CONMED Corp.		3,120		224,390
Embecta Corp.		10,000		141,000
Glaukos Corp. ^(a)		7,100		924,988
ICU Medical, Inc. ^(a)		2,940		535,727
Inari Medical, Inc. ^(a)(b)		7,650		315,486
Inspire Medical Systems, Inc. ^(a)		4,180		882,189
Integer Holdings Corp. ^(a)(b)		4,160		540,800
Integra LifeSciences Holdings Corp. ^(a)		8,290		150,629
LeMaitre Vascular, Inc. ^(b)		5,530		513,682
Merit Medical Systems, Inc. ^(a)		10,140		1,002,136
Myriad Genetics, Inc. ^(a)		13,280		363,739
Omnicell, Inc. ^(a)(b)		5,710		248,956
QuidelOrtho Corp. ^(a)		8,500		387,600
STAAR Surgical Co. ^(a)		5,820		216,213

Schedule of Portfolio Investments (Continued)

Praxis Small Cap Index Fund

COMMON STOCKS - 98.9% (Continued)	Shares		Fair Value
MEDICAL EQUIPMENT & DEVICES - 4.2% (Continued)
Tandem Diabetes Care, Inc. ^(a)(b)		11,950	$	506,800
Vericel Corp. ^(a)(b)		6,960		294,060
				7,939,060
METALS & MINING - 0.8%
Century Aluminum Co. ^(a)(b)		13,620		221,053
Haynes International, Inc.		4,750		282,815
Kaiser Aluminum Corp.		4,580		332,142
MP Materials Corp. ^(a)(b)		17,730		312,934
SunCoke Energy, Inc.		30,440		264,219
				1,413,163
OIL & GAS PRODUCERS - 2.0%
California Resources Corp.		10,940		574,022
CVR Energy, Inc. ^(b)		42,150		970,714
Northern Oil and Gas, Inc. ^(b)		13,660		483,701
SM Energy Co. ^(b)		31,610		1,263,452
Talos Energy, Inc. ^(a)(b)		22,050		228,217
World Kinect Corp. ^(b)		6,780		209,570
				3,729,676
OIL & GAS SERVICES & EQUIPMENT - 0.7%
Bristow Group, Inc. ^(a)		36,002		1,248,909

PUBLISHING & BROADCASTING - 0.3%
John Wiley & Sons, Inc. - Class A		7,180		346,435
Scholastic Corp.		4,200		134,442
				480,877
REAL ESTATE OWNERS & DEVELOPERS - 0.1%
St. Joe Co. (The)		2,610		152,189

REAL ESTATE SERVICES - 0.4%
Cushman & Wakefield plc ^(a)		20,380		277,779
eXp World Holdings, Inc. ^(b)		10,830		152,595
Marcus & Millichap, Inc.		6,930		274,636
				705,010
REITS - 6.9%
Acadia Realty Trust		8,150		191,362
Alexander & Baldwin, Inc.		13,840		265,728
American Assets Trust, Inc.		11,530		308,082
Apple Hospitality REIT, Inc.		23,260		345,411

Schedule of Portfolio Investments (Continued)

Praxis Small Cap Index Fund

COMMON STOCKS - 98.9% (Continued)	Shares		Fair Value
REITS - 6.9% (Continued)
Armada Hoffler Properties, Inc.		8,440	$	91,405
Brandywine Realty Trust		22,590		122,890
CareTrust REIT, Inc.		17,460		538,816
DiamondRock Hospitality Co. ^(b)		19,450		169,798
Douglas Emmett, Inc. ^(b)		25,910		455,239
Easterly Government Properties, Inc.		11,050		150,059
Elme Communities		17,640		310,288
Essential Properties Realty Trust, Inc. ^(b)		19,380		661,827
Four Corners Property Trust, Inc.		8,360		245,032
Franklin BSP Realty Trust, Inc.		21,422		279,771
Getty Realty Corp.		8,400		267,204
Global Net Lease, Inc.		34,550		290,911
HA Sustainable Infrastructure Capital, Inc. ^(b)		15,340		528,770
Highwoods Properties, Inc. ^(b)		13,520		453,055
Hudson Pacific Properties, Inc.		27,430		131,115
Innovative Industrial Properties, Inc. ^(b)		2,720		366,112
JBG SMITH Properties		11,590		202,593
LTC Properties, Inc.		4,500		165,105
LXP Industrial Trust		32,120		322,806
Macerich Co. (The)		33,280		607,027
Medical Properties Trust, Inc. ^(b)		100,330		586,930
Outfront Media, Inc.		16,040		294,815
Pebblebrook Hotel Trust ^(b)		16,060		212,474
Phillips Edison & Co., Inc. ^(b)		13,700		516,627
Retail Opportunity Investments Corp.		8,860		139,368
Safehold, Inc. ^(b)		3,968		104,081
Saul Centers, Inc.		6,840		287,006
Service Properties Trust		27,310		124,534
SITE Centers Corp.		6,285		380,242
SL Green Realty Corp. ^(b)		17,480		1,216,783
Summit Hotel Properties, Inc.		8,160		55,978
Sunstone Hotel Investors, Inc.		24,730		255,214
Tanger, Inc.		16,810		557,756
Uniti Group, Inc.		44,310		249,908
Urban Edge Properties		13,970		298,818
Xenia Hotel & Resorts, Inc.		8,950		132,191
				12,883,131

Schedule of Portfolio Investments (Continued)

Praxis Small Cap Index Fund

COMMON STOCKS - 98.9% (Continued)	Shares		Fair Value
RENEWABLE ENERGY - 0.7%
Green Plains, Inc. ^(a)		11,320	$	153,273
SolarEdge Technologies, Inc. ^(a)(b)		14,890		341,130
Sunrun, Inc. ^(a)		41,970		757,978
				1,252,381
RETAIL - CONSUMER STAPLES - 0.4%
Grocery Outlet Holding Corp ^(a)		7,540		132,327
PriceSmart, Inc.		3,060		280,847
SpartanNash Co.		18,160		406,965
				820,139
RETAIL - DISCRETIONARY - 4.9%
Academy Sports & Outdoors, Inc.		16,030		935,511
Advance Auto Parts, Inc. ^(b)		8,330		324,787
American Eagle Outfitters, Inc.		24,760		554,376
Asbury Automotive Group, Inc. ^(a)		3,100		739,629
Boot Barn Holdings, Inc. ^(a)		4,560		762,797
Buckle, Inc. (The) ^(b)		5,380		236,559
Caleres, Inc. ^(b)		10,210		337,440
Ethan Allen Interiors, Inc. ^(b)		12,700		405,003
Foot Locker, Inc.		12,600		325,584
GMS, Inc. ^(a)(b)		7,050		638,518
Group 1 Automotive, Inc. ^(b)		3,050		1,168,272
Guess?, Inc. ^(b)		9,260		186,404
Hertz Global Holdings, Inc. ^(a)		17,840		58,872
Kohl's Corp. ^(b)		12,520		264,172
La-Z-Boy, Inc.		6,970		299,222
MarineMax, Inc. ^(a)		4,440		156,599
Monro, Inc. ^(b)		5,460		157,576
National Vision Holdings, Inc. ^(a)(b)		11,220		122,410
ODP Corp. (The) ^(a)		5,837		173,651
Shoe Carnival, Inc. ^(b)		5,100		223,635
Signet Jewelers Ltd. ^(b)		5,740		592,024
Urban Outfitters, Inc. ^(a)		10,750		411,832
Victoria's Secret & Co. ^(a)		8,400		215,880
				9,290,753
SEMICONDUCTORS - 2.8%
Axcelis Technologies, Inc. ^(a)		5,580		585,063
Cohu, Inc. ^(a)		7,270		186,839
CTS Corp.		6,010		290,764

Schedule of Portfolio Investments (Continued)

Praxis Small Cap Index Fund

COMMON STOCKS - 98.9% (Continued)	Shares		Fair Value
SEMICONDUCTORS - 2.8% (Continued)
Diodes, Inc. ^(a)(b)		6,230	$	399,281
FormFactor, Inc. ^(a)		11,450		526,700
Impinj, Inc. ^(a)(b)		2,520		545,630
Kulicke & Soffa Industries, Inc.		9,850		444,530
MaxLinear, Inc. - Class A ^(a)		9,260		134,085
Photronics, Inc. ^(a)		16,690		413,244
Semtech Corp. ^(a)(b)		9,730		444,272
SiTime Corp. ^(a)(b)		2,290		392,758
SMART Global Holdings, Inc. ^(a)(b)		6,550		137,223
Ultra Clean Holdings, Inc. ^(a)		7,980		318,641
Veeco Instruments, Inc. ^(a)(b)		8,620		285,581
Wolfspeed, Inc. ^(a)		19,930		193,321
				5,297,932
SOFTWARE - 4.3%
ACI Worldwide, Inc. ^(a)		5,500		279,950
Adeia, Inc.		14,711		175,208
Agilysys, Inc. ^(a)		6,190		674,524
Astrana Health, Inc. ^(a)		4,690		271,739
BlackLine, Inc. ^(a)		7,450		410,793
Box, Inc. - Class A ^(a)		15,490		506,988
Calix, Inc. ^(a)		8,010		310,708
Clear Secure, Inc. ^(b)		10,020		332,063
Digi International, Inc. ^(a)		11,930		328,433
DigitalOcean Holdings, Inc. ^(a)(b)		6,140		247,995
Donnelley Financial Solutions, Inc. ^(a)		6,550		431,186
DoubleVerify Holdings, Inc. ^(a)		18,610		313,392
Envestnet, Inc. ^(a)(b)		6,190		387,618
PDF Solutions, Inc. ^(a)		9,190		291,139
Privia Health Group, Inc. ^(a)		11,990		218,338
Progress Software Corp.		6,410		431,842
Schrodinger, Inc. ^(a)		8,630		160,086
Sprinklr, Inc. - Class A ^(a)		13,550		104,742
SPS Commerce, Inc. ^(a)		5,620		1,091,235
Thryv Holdings, Inc. ^(a)		6,390		110,100
Verra Mobility Corp. ^(a)		24,480		680,789
Ziff Davis, Inc. ^(a)		5,290		257,411
				8,016,279

Schedule of Portfolio Investments (Continued)

Praxis Small Cap Index Fund

COMMON STOCKS - 98.9% (Continued)	Shares		Fair Value
SPECIALTY FINANCE - 3.3%
Air Lease Corp.		14,200	$	643,118
Apollo Commercial Real Estate Finance, Inc.		24,020		220,744
Arbor Realty Trust, Inc. ^(b)		23,310		362,704
ARMOUR Residential REIT, Inc.		7,202		146,921
Blackstone Mortgage Trust, Inc. - Class A ^(b)		24,530		466,315
Bread Financial Holdings, Inc.		6,590		313,552
Cohen & Steers, Inc. ^(b)		2,200		211,090
Deluxe Corp. ^(b)		6,420		125,126
Ellington Financial, Inc.		12,990		167,441
Encore Capital Group, Inc. ^(a)		4,130		195,225
Enova International, Inc. ^(a)		7,260		608,315
KKR Real Estate Finance Trust, Inc.		13,850		171,047
Mr. Cooper Group, Inc. ^(a)		12,710		1,171,608
New York Mortgage Trust, Inc.		15,372		97,305
PennyMac Mortgage Investment Trust		12,660		180,532
PRA Group, Inc. ^(a)		3,960		88,546
Ready Capital Corp.		11,570		88,279
Redwood Trust, Inc.		20,050		154,986
Stewart Information Services Corp.		2,460		183,860
Walker & Dunlop, Inc.		4,340		492,981
World Acceptance Corp. ^(a)		1,310		154,554
				6,244,249
STEEL - 1.5%
ATI, Inc. ^(a)		20,280		1,356,935
Carpenter Technology Corp.		7,860		1,254,299
Metallus, Inc. ^(a)(b)		17,280		256,262
				2,867,496
TECHNOLOGY HARDWARE - 3.1%
Arlo Technologies, Inc. ^(a)		33,990		411,619
Benchmark Electronics, Inc. ^(b)		8,080		358,106
Extreme Networks, Inc. ^(a)		29,990		450,750
Harmonic, Inc. ^(a)		29,630		431,709
InterDigital, Inc. ^(b)		6,470		916,346
Knowles Corp. ^(a)		18,120		326,704
NCR Atleos Corp ^(a)(b)		6,870		196,001
NCR Voyix Corp. ^(a)		19,790		268,550
NetScout Systems, Inc. ^(a)		10,860		236,205
Pitney Bowes, Inc.		38,260		272,794

Schedule of Portfolio Investments (Continued)

Praxis Small Cap Index Fund

COMMON STOCKS - 98.9% (Continued)	Shares		Fair Value
TECHNOLOGY HARDWARE - 3.1% (Continued)
Plexus Corp. ^(a)		4,900	$	669,879
Sanmina Corp. ^(a)		13,090		896,010
Sonos, Inc. ^(a)		11,810		145,145
ViaSat, Inc. ^(a)		8,460		101,012
Xerox Holdings Corp. ^(b)		13,770		142,933
				5,823,763
TECHNOLOGY SERVICES - 2.2%
CSG Systems International, Inc.		3,400		165,410
DXC Technology Co. ^(a)		23,000		477,250
EVERTEC, Inc.		10,810		366,351
Green Dot Corp. - Class A ^(a)		13,080		153,167
Insight Enterprises, Inc. ^(a)		5,930		1,277,263
LiveRamp Holdings, Inc. ^(a)		10,470		259,446
MARA Holdings, Inc. ^(a)(b)		39,480		640,366
Payoneer Global, Inc. ^(a)		34,870		262,571
Perficient, Inc. ^(a)		4,700		354,756
Sabre Corp. ^(a)		63,890		234,476
				4,191,056
TELECOMMUNICATIONS - 1.1%
Cogent Communications Holdings, Inc. ^(b)		5,100		387,192
EchoStar Corp. - Class A ^(a)		12,105		300,446
Lumen Technologies, Inc. ^(a)(b)		162,730		1,155,383
Telephone and Data Systems, Inc.		12,840		298,530
				2,141,551
TRANSPORTATION & LOGISTICS - 2.7%
Alaska Air Group, Inc. ^(a)		16,610		750,938
ArcBest Corp. ^(b)		6,890		747,220
Hub Group, Inc. - Class A		18,740		851,733
JetBlue Airways Corp. ^(a)		27,380		179,613
Marten Transport Ltd.		18,180		321,786
Matson, Inc.		6,440		918,473
RXO, Inc. ^(a)		12,220		342,160
SkyWest, Inc. ^(a)		10,660		906,313
				5,018,236
TRANSPORTATION EQUIPMENT - 0.6%
Greenbrier Cos., Inc. (The) ^(b)		6,020		306,358
Trinity Industries, Inc.		13,430		467,901

Schedule of Portfolio Investments (Continued)

Praxis Small Cap Index Fund

COMMON STOCKS - 98.9% (Continued)	Shares		Fair Value
TRANSPORTATION EQUIPMENT - 0.6% (Continued)
Wabash National Corp.		15,190	$	291,496
				1,065,755
WHOLESALE - CONSUMER STAPLES - 0.9%
Andersons, Inc. (The)		20,960		1,050,935
Chefs' Warehouse, Inc. (The) ^(a)		8,340		350,363
United Natural Foods, Inc. ^(a)		19,810		333,204
				1,734,502
WHOLESALE - DISCRETIONARY - 1.1%
ePlus, Inc. ^(a)		4,560		448,431
G-III Apparel Group Ltd. ^(a)(b)		9,060		276,511
OPENLANE, Inc. ^(a)		14,500		244,760
ScanSource, Inc. ^(a)		23,700		1,138,311
				2,108,013

TOTAL COMMON STOCKS (COST $121,362,709)			$	185,994,527

RIGHTS - 0.0% ^(c)	Shares		Fair Value
MEDICAL EQUIPMENT & DEVICES - 0.0% ^(c)
OmniAb, Inc. ^(a)(d)(e)(COST $0)	2,092	$	1,186

CORPORATE NOTES - 0.8%	Coupon			Maturity		Principal Amount		Fair Value
COMMUNITY DEVELOPMENT - 0.8%
Calvert Impact Capital, Inc. ^(d)		3.000	%		12/15/24	$	90,000	$	89,354
Calvert Impact Capital, Inc. ^(d)		2.500	%		06/13/25		150,000		147,166
Calvert Impact Capital, Inc. ^(d)		2.500	%		12/15/25		280,000		272,326
Calvert Impact Capital, Inc. ^(d)		4.000	%		06/15/28		180,000		173,885
Calvert Impact Capital, Inc. ^(d)		5.000	%		12/15/28		220,000		219,313
Calvert Impact Capital, Inc. ^(d)		5.000	%		06/15/29		200,000		198,898
Capital Impact Partners Investment ^(d)		5.750	%		06/15/25		200,000		201,634

Schedule of Portfolio Investments (Continued)

Praxis Small Cap Index Fund

CORPORATE NOTES - 0.8% (Continued)	Coupon			Maturity		Principal Amount		Fair Value
COMMUNITY DEVELOPMENT - 0.8% (Continued)
Capital Impact Partners Investment ^(d)		5.000	%		12/15/26	$	200,000	$	203,593
TOTAL CORPORATE NOTES (COST $1,520,000)								$	1,506,169

MONEY MARKET FUNDS - 0.2%		Shares				Fair Value
First American Government Obligations Fund - Class X, 4.82% ^(f) (COST $304,163)			304,163			$	304,163

INVESTMENT PURCHASED WITH THE CASH PROCEEDS FROM SECURITIES LENDING - 19.1%	Shares		Fair Value
Mount Vernon Liquid Assets Portfolio, LLC, 4.95% ^(f)(g) (COST $35,950,392)		35,950,392	$	35,950,392

TOTAL INVESTMENTS - (COST $159,137,264) - 119.0%			$	223,756,437

LIABILITIES IN EXCESS OF OTHER ASSETS - (19.0%)				(35,684,039	)

NET ASSETS - 100.0%			$	188,072,398

^(a)

Non-income producing security.

^(b)

All or a portion of the security is on loan. The total fair value of the securities on loan as of September 30, 2024 was $35,080,197.

^(c)

Percentage rounds to less than 0.1%.

^(d)

Illiquid securities are as follows:

	Acquisition Date	Current Cost		Fair Value		% of Net Assets
Calvert Impact Capital, Inc., 3.000%, 12/15/24	12/12/19	$	90,000	$	89,354		0.1	%
Calvert Impact Capital, Inc., 2.500%, 06/13/25	06/12/20		150,000		147,166		0.1	%
Calvert Impact Capital, Inc., 2.500%, 12/15/25	12/15/20		280,000		272,326		0.1	%
Calvert Impact Capital, Inc., 4.000%, 06/15/28	06/15/23		180,000		173,885		0.1	%
Calvert Impact Capital, Inc., 5.000%, 12/15/28	12/15/23		220,000		219,313		0.1	%
Calvert Impact Capital, Inc., 5.000%, 06/15/29	06/14/24		200,000		198,898		0.1	%
Capital Impact Partners Investment, 5.750%, 06/15/24	06/20/23		200,000		201,634		0.1	%
Capital Impact Partners Investment, 5.000%, 12/15/26	12/15/23		200,000		203,593		0.1	%
		$	1,520,000	$	1,506,169		0.8	%

^(e)

Security value has been determined in good faith pursuant to procedures adopted by the Board of Trustees. The total value of such securities was $1,186 as of September 30, 2024, representing 0.0% ^(c) of net assets.

^(f)

The rate shown is the 7-day effective yield as of September 30, 2024.

^(g)

The security was purchased with cash collateral received from securities on loan.

plc - Public Liability Company

REIT - Real Estate Investment Trust

Schedule of Portfolio Investments

Praxis Genesis Conservative Portfolio

September 30, 2024 (Unaudited)

AFFILIATED MUTUAL FUNDS - 100.0%	Shares		Fair Value
DEBT FUND - 69.6%
Praxis Impact Bond Fund - Class I		1,808,573	$	17,398,469

EQUITY FUND - 30.4%
Praxis Growth Index Fund - Class I		47,929		2,275,204
Praxis International Index Fund - Class I		162,598		2,297,514
Praxis Small Cap Index Fund - Class I		53,767		659,178
Praxis Value Index Fund - Class I		120,864		2,355,644
				7,587,540

TOTAL AFFILIATED MUTUAL FUNDS (COST $21,272,884)			$	24,986,009

MONEY MARKET FUNDS - 0.0% ^(a)	Shares		Fair Value
First American Government Obligations Fund - Class X, 4.82% ^(b) (COST $6,748)	6,748	$	6,748

TOTAL INVESTMENTS - (COST $21,279,632) - 100.0%		$	24,992,757

LIABILITIES IN EXCESS OF OTHER ASSETS - (0.0%) ^(a)			(2,216	)

NET ASSETS - 100.0%		$	24,990,541

^(a)

Percentage rounds to less than 0.1%.

^(b)

The rate shown is the 7-day effective yield as of September 30, 2024.

Schedule of Portfolio Investments

Praxis Genesis Balanced Portfolio

September 30, 2024 (Unaudited)

AFFILIATED MUTUAL FUNDS - 100.0%	Shares		Fair Value
DEBT FUND - 39.5%
Praxis Impact Bond Fund - Class I		4,030,911	$	38,777,368

EQUITY FUND - 60.5%
Praxis Growth Index Fund - Class I		322,980		15,331,875
Praxis International Index Fund - Class I		1,269,957		17,944,492
Praxis Small Cap Index Fund - Class I		838,112		10,275,259
Praxis Value Index Fund - Class I		814,738		15,879,251
				59,430,877

TOTAL AFFILIATED MUTUAL FUNDS (COST $68,380,487)			$	98,208,245

MONEY MARKET FUNDS - 0.0% ^(a)	Shares		Fair Value
First American Government Obligations Fund - Class X, 4.82% ^(b) (COST $1,782)		1,782	$	1,782

TOTAL INVESTMENTS - (COST $68,382,269) - 100.0%			$	98,210,027

LIABILITIES IN EXCESS OF OTHER ASSETS - (0.0%) ^(a)				(32,333	)

NET ASSETS - 100.0%			$	98,177,694

^(a)

Percentage rounds to less than 0.1%.

^(b)

The rate shown is the 7-day effective yield as of September 30, 2024.

Schedule of Portfolio Investments

Praxis Genesis Growth Portfolio

September 30, 2024 (Unaudited)

AFFILIATED MUTUAL FUNDS - 100.0%	Shares		Fair Value
DEBT FUND - 19.6%
Praxis Impact Bond Fund - Class I		2,339,262	$	22,503,701

EQUITY FUND - 80.4%
Praxis Growth Index Fund - Class I		480,347		22,802,049
Praxis International Index Fund - Class I		1,965,988		27,779,405
Praxis Small Cap Index Fund - Class I		1,459,347		17,891,597
Praxis Value Index Fund - Class I		1,211,356		23,609,324
				92,082,375

TOTAL AFFILIATED MUTUAL FUNDS (COST $71,761,217)			$	114,586,076

MONEY MARKET FUNDS - 0.0% ^(a)	Shares		Fair Value
First American Government Obligations Fund - Class X, 4.82% ^(b) (COST $1,116)		1,116	$	1,116

TOTAL INVESTMENTS - (COST $71,762,333) - 100.0%			$	114,587,192

LIABILITIES IN EXCESS OF OTHER ASSETS - (0.0%) ^(a)				(34,297	)

NET ASSETS - 100.0%			$	114,552,895

^(a)

Percentage rounds to less than 0.1%.

^(b)

The rate shown is the 7-day effective yield as of September 30, 2024.

Praxis Growth Index Fund Class I (MMDEX) NPORT-PPraxis Genesis Conservative Portfolio (Sep 2024 report)