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Morningstar

Praxis Growth Index A MGNDX

Morningstar Medalist Rating
Medalist Rating as of | See Praxis Mutual Funds Investment Hub
  • NAV / 1-Day Return 34.12  /  0.23 %
  • Total Assets 506.7 Mil
  • Adj. Expense Ratio
    0.670%
  • Expense Ratio 0.670%
  • Distribution Fee Level Low
  • Share Class Type Front Load
  • Category Large Growth
  • Investment Style Large Growth
  • Min. Initial Investment 2,500
  • Status Open
  • TTM Yield —
  • Turnover 50%

USD | NAV as of Sep 29, 2023 | 1-Day Return as of Sep 29, 2023, 10:17 PM GMT+0

Morningstar’s Analysis MGNDX

Will MGNDX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Process Pillar

The Process Pillar is our assessment of how sensible, clearly defined, and repeatable MGNDX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the MGNDX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

Parent Pillar

The Parent Pillar is our rating of MGNDX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Praxis Growth Index A’s management team is rated Average, but a solid investment process still helps this strategy retain its Morningstar Medalist Rating of Bronze.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The portfolio maintains a cost advantage over competitors, priced within the second-lowest fee quintile among peers.

by Morningstar Manager Research
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Portfolio Holdings MGNDX

More MGNDX Holdings
  • Current Portfolio Date
  • Equity Holdings 182
  • Bond Holdings 9
  • Other Holdings 1
  • % Assets in Top 10 Holdings 47.5
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Apple Inc

14.14
74,997,328
Technology

Microsoft Corp

7.92
42,031,287
Technology

NVIDIA Corp

5.79
30,726,449
Technology

Alphabet Inc Class A

4.02
21,340,562
Communication Services

Tesla Inc

3.26
17,270,714
Consumer Cyclical

Alphabet Inc Class C

3.21
17,047,882
Communication Services

Amazon.com Inc

2.40
12,742,463
Consumer Cyclical

ConocoPhillips

2.38
12,644,557
Energy

Eli Lilly and Co

2.26
11,998,430
Healthcare

Visa Inc Class A

2.15
11,405,203
Financial Services