Praxis Growth Index Fund Class A (MGNDX)

NASDAQ · Mutual Fund · Delayed Price · Currency is USD
51.08
-0.42 (-0.82%)
Jul 7, 2025, 9:30 AM EDT
9.38%
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.

Fund Family Praxis Investment Management, Inc.
Category Large Growth
Stock Exchange NASDAQ
Ticker Symbol MGNDX
Share Class Class A
Index S&P 500 Growth Total Return Index

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 assets
Name 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%
View More Holdings

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
Full Dividend History