About MMDEX
Praxis Growth Index Fund Class I is an open-end mutual fund that primarily targets large-cap U.S. growth equities. Its central objective is to achieve capital appreciation by closely tracking the performance of a major benchmark, such as the CRSP U.S. Large Cap Growth Index or the S&P 500 Growth Index. The fund invests at least 80% of its assets in securities comprising or related to its benchmark index, offering broad exposure to leading growth-oriented companies across various sectors of the U.S. economy. Notably, Praxis Growth Index Fund integrates stewardship investing core values into its portfolio construction, including environmental, social, and governance (ESG) considerations, aiming to reflect responsible investing principles alongside market performance. Managed by Everence Capital Management, Inc., the fund utilizes proprietary research and optimization techniques to maintain alignment with its benchmark while incorporating ESG and Stewardship criteria. With a moderate expense ratio and a diverse portfolio of nearly 200 holdings, Praxis Growth Index Fund Class I serves investors seeking participation in the growth segment of the U.S. equity market, while emphasizing values-driven investment strategies.
Fund Family Praxis Investment Management, Inc.
Category Large-Cap Growth
Performance Rating Above Average
Risk Rating Average
Stock Exchange Nasdaq
Ticker Symbol MMDEX
Share Class Class I
Index S&P 500 Growth Total Return Index
MMDEX had a total return of 15.31% in the past year, including dividends. Since the fund's
inception, the average annual return has been 12.26%.
