Praxis Growth Index Fund Class A (MGNDX)
| Fund Assets | 672.62M |
| Expense Ratio | 0.63% |
| Min. Investment | $2,500 |
| Turnover | 16.48% |
| Dividend (ttm) | 0.69 |
| Dividend Yield | 1.26% |
| Dividend Growth | 4.82% |
| Payout Frequency | Semi-Annual |
| Ex-Dividend Date | Dec 30, 2024 |
| Previous Close | 52.81 |
| YTD Return | 8.95% |
| 1-Year Return | 24.61% |
| 5-Year Return | 100.68% |
| 52-Week Low | 38.69 |
| 52-Week High | 52.96 |
| Beta (5Y) | n/a |
| Holdings | 167 |
| 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 24.61% in the past year, including dividends. Since the fund's inception, the average annual return has been 12.02%.
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
58.28% of assets| Name | Symbol | Weight |
|---|---|---|
| NVIDIA Corporation | NVDA | 12.05% |
| Apple Inc. | AAPL | 10.57% |
| Microsoft Corporation | MSFT | 9.48% |
| Amazon.com, Inc. | AMZN | 5.71% |
| Meta Platforms, Inc. | META | 4.96% |
| Broadcom Inc. | AVGO | 4.42% |
| Alphabet Inc. | GOOGL | 3.26% |
| Tesla, Inc. | TSLA | 2.85% |
| Alphabet Inc. | GOOG | 2.57% |
| Eli Lilly and Company | LLY | 2.42% |
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 |