Praxis Growth Index Fund Class A (MGNDX)
Fund Assets | 643.05M |
Expense Ratio | 0.63% |
Min. Investment | $2,500 |
Turnover | 16.48% |
Dividend (ttm) | 0.69 |
Dividend Yield | 1.28% |
Dividend Growth | 4.82% |
Payout Frequency | Semi-Annual |
Ex-Dividend Date | Dec 30, 2024 |
Previous Close | 51.50 |
YTD Return | 5.36% |
1-Year Return | 10.88% |
5-Year Return | 104.21% |
52-Week Low | 38.69 |
52-Week High | 51.50 |
Beta (5Y) | n/a |
Holdings | 171 |
Inception Date | May 1, 2007 |
About MGNDX
Praxis Growth Index Fund Class A is an open-end mutual fund focused on capital appreciation through investment in U.S. large-cap growth equities. The fund seeks to mirror the performance of large capitalization growth stocks, using the S&P 500 Growth Index as its benchmark. Its portfolio primarily consists of prominent technology and consumer-oriented companies, including leading names such as Apple, NVIDIA, Microsoft, Amazon, and Meta Platforms. The fund typically invests at least 80% of its assets in securities represented in the index, employing optimized indexing techniques and incorporating stewardship investing values, including environmental, social, and governance (ESG) considerations. With a relatively low expense ratio and a sizable portion of assets allocated to its top holdings, Praxis Growth Index Fund Class A aims to offer investors exposure to companies exhibiting robust earnings and sales growth. Its strategy makes it a representative vehicle for investors seeking participation in the dynamic segment of U.S. large-cap growth equities while adhering to values-based investment principles.
Performance
MGNDX had a total return of 10.88% in the past year, including dividends. Since the fund's inception, the average annual return has been 11.86%.
Other Share Classes
These are alternative share classes of the same fund, from the same provider.
Symbol | Share Class | Expense Ratio |
---|---|---|
MMDEX | Class I | 0.35% |
Top 10 Holdings
56.62% of assetsName | Symbol | Weight |
---|---|---|
Apple Inc. | AAPL | 10.83% |
NVIDIA Corporation | NVDA | 10.78% |
Microsoft Corporation | MSFT | 9.18% |
Amazon.com, Inc. | AMZN | 5.58% |
Meta Platforms, Inc. | META | 4.64% |
Broadcom Inc. | AVGO | 4.07% |
Alphabet Inc. | GOOGL | 3.32% |
Tesla, Inc. | TSLA | 3.20% |
Alphabet Inc. | GOOG | 2.62% |
Eli Lilly and Company | LLY | 2.40% |
Dividend History
Ex-Dividend | Amount | Pay Date |
---|---|---|
Dec 30, 2024 | $0.1133 | Dec 31, 2024 |
Dec 16, 2024 | $0.5762 | Dec 17, 2024 |
Dec 28, 2023 | $0.2318 | Dec 29, 2023 |
Dec 15, 2023 | $0.426 | Dec 18, 2023 |
Dec 16, 2022 | $1.6748 | Dec 19, 2022 |
Dec 30, 2021 | $0.030 | Dec 31, 2021 |