Even so, portfolio manager turnover at Praxis Mutual Funds has been higher than at peer asset management firms, which could be a signal that company culture is a bit unstable. The firm charges fees on open-end and exchange-traded funds that are on par with category peers. On average, fees are within the middle quintile, giving it neither an advantage nor disadvantage compared with the competition. Praxis Mutual Funds strategies have failed to have lengthy success. In particular, the firm's 10-year success ratio demonstrates that only 38% have both survived and beaten their respective category median. A low success ratio indicates poor performance and raises questions about a firm’s discipline around investment strategy and product development.
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