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
Performance Rating Above Average
Risk Rating Below Average
Stock Exchange NASDAQ
Ticker Symbol MGNDX
Share Class Class A
Index S&P 500 Growth Total Return Index
MGNDX had a total return of 24.07% in the past year, including dividends.
Since the fund's inception, the average annual return has been 12.28%.
