- What does MMDEX invest in?
- This fund primarily allocates capital to American stocks, with the main objective of mirroring the performance of the U.S. large-cap growth equity market, as specifically referenced by the S&P 500 Growth Index. Under typical conditions, a minimum of 80% of its total asset value is committed to securities issued by, or otherwise connected to, companies within its benchmark index. An additional criterion for the fund is to invest in businesses that uphold its Stewardship Investing core values.
- What is the expense ratio of MMDEX?
- Praxis Growth Index Fund Class I (MMDEX) charges an expense ratio of 0.34%. This is the annual fee deducted from fund assets to cover management and operations.
- How big is MMDEX?
- Praxis Growth Index Fund Class I (MMDEX) manages $813.2M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.
- Is MMDEX actively managed or an index fund?
- MMDEX is a passive index fund — it tracks a published benchmark by holding the constituents in their published weights. Index funds typically charge low expense ratios (MMDEX's is 0.34%) because there's no security selection cost.
- When was MMDEX launched?
- Praxis Growth Index Fund Class I (MMDEX) launched in May 2007 and is managed by the fund issuer.
- How has MMDEX performed?
- MMDEX's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.
