Before you invest, you may want to review the Praxis Genesis
Conservative Portfolio’s prospectus, which contains more information about the Fund and its risks. The current statutory prospectus and statement of additional information dated April 30, 2013, are incorporated by reference into this Summary
Prospectus. You can find the Fund’s prospectus and other information about the Fund online at www.praxismutualfunds.com. You can also get this information at no cost by calling 800-977-2947 or by sending an e-mail request to
info@everence.com.
Investment Objectives
The Conservative Portfolio seeks current income and, as a
secondary objective, capital appreciation.
Fees and
Expenses
This table describes the fees and expenses that
you may pay if you buy and hold shares of the Portfolio. You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in the Praxis Mutual Funds. More information about these and other
discounts is available from your financial professional and in the section titled “Sales Charge Reductions” on page 60 of the Fund’s prospectus.
Shareholder
Fees
(fees paid directly from your investment)
|
Class
A
|
Maximum
sales charge (load) imposed on purchases
(as a percentage of offering price)
|
5.25%
|
|
Redemption
fee (as a percentage of amount redeemed, if applicable)
|
2.00%
|
Annual
Fund Operating Expenses
(expenses that you pay each year as a percentage of the value of your investment)
|
Class
A
|
|
Management
fees
|
0.05%
|
|
Distribution
and Service (12b-1) fees
|
0.25%
|
|
Other
Expenses
|
0.35%
|
|
Acquired
Fund Fees and Expenses (AFFE)
1
|
0.62%
|
|
Total
Annual Fund Operating Expenses
|
1.27%
|
|
Fee
Waiver and/or Expense Reimbursement
|
(0.04)%
|
|
Total
Annual Fund Operating Expenses After Fee Waiver and Expense Reimbursement
2
|
1.23%
|
1
AFFE are not reflected in the Financial Highlights or audited financial statements.
2
The
Adviser has entered into a contractual limitation agreement with respect to the Conservative Portfolio until April 30, 2014. Pursuant to this agreement, the Adviser has agreed to waive fees and/or reimburse expenses to the extent necessary in order
to limit the Total Annual Portfolio Operating Expenses (excluding AFFE, brokerage costs, interest, taxes, dividends, fees paid to vendors providing fair value pricing and fund compliance services, Trustees fees, legal fees, costs relating to such
services and extraordinary expenses) to 0.60 percent of the Portfolio’s average daily net assets. The Portfolio has agreed to repay the Adviser for the amounts waived and/or reimbursed by the Adviser pursuant to this expense limitation
agreement provided that such repayment does not cause the Total Annual Portfolio Operating Expenses (excluding AFFE, brokerage costs, interest, taxes, dividends, fees paid to vendors providing fair value pricing and fund compliance services,
Trustees fees, legal fees, costs relating to such services and extraordinary expenses) to exceed 0.60 percent, and the repayment is made within three years after the year in which the Adviser waived and/or reimbursed the expense.
Example
This Example is intended to help you compare the cost of
investing in the Portfolio with the cost of investing in other mutual funds.
The Example assumes that you invest $10,000 in the Portfolio
for the time period indicated and then redeem all of your shares at the end of those periods. The Example also assumes that your investment has a 5 percent return each year and that the Portfolio’s operating expenses remain the same. Although
your actual costs may be higher or lower, based on these assumptions your costs would be:
|
|
1
Year
|
3
Years
|
5
Years
|
10
Years
|
|
Class
A
|
$644
|
$903
|
$1,182
|
$1,975
|