Name
As of 04/17/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
7.7%
1 yr return
26.1%
3 Yr Avg Return
6.4%
5 Yr Avg Return
14.6%
Net Assets
$589 M
Holdings in Top 10
52.6%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.36%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 18.17%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$100,000
IRA
$100,000
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 04/17/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
MMDEX - Profile
Distributions
- YTD Total Return 7.7%
- 3 Yr Annualized Total Return 6.4%
- 5 Yr Annualized Total Return 14.6%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.38%
- Dividend Yield 0.8%
- Dividend Distribution Frequency None
Fund Details
-
Legal NamePraxis Growth Index Fund
-
Fund Family NamePraxis Mutual Funds
-
Inception DateSep 28, 2012
-
Shares OutstandingN/A
-
Share ClassI
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerDale Snyder
Fund Description
The Fund invests primarily in U.S. equity securities and seeks to reflect the performance of the U.S. large capitalization growth equities market, as measured by the S&P 5001 Growth Index, its benchmark index. Under normal circumstances, the Fund invests at least 80 percent of the value of its assets in securities of, and investments related to, issuers in the Fund’s benchmark index. Typically, the Fund invests substantially more than 80 percent of the value of its assets in securities of issuers in its benchmark index. The benchmark index consists of those stocks in the S&P 500 Index determined to exhibit the strongest “growth” characteristics based on sales growth, earnings change to price and momentum ratios. The Fund seeks to invest in companies aligned with the Stewardship Investing core values, as discussed below. In addition, the Adviser uses optimization techniques, including ESG factors, to select securities according to their contribution to the Fund’s overall objective, while seeking to replicate the characteristics of the index, including risk and return characteristics.
| Stewardship Investing The Fund also analyzes potential investments for their ability to reflect certain core social values including: ● Respecting the dignity and value of all people ● Building a world at peace and free from violence ● Demonstrating a concern for justice in a global society ● Exhibiting responsible management practices ● Supporting and involving communities ● Practicing environmental stewardship |
MMDEX - Performance
Return Ranking - Trailing
| Period | MMDEX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 7.7% | -15.5% | 20.9% | 47.65% |
| 1 Yr | 26.1% | -22.1% | 61.0% | 70.39% |
| 3 Yr | 6.4%* | -31.0% | 22.5% | 29.96% |
| 5 Yr | 14.6%* | -16.4% | 29.0% | 29.99% |
| 10 Yr | 14.3%* | -5.7% | 18.8% | 23.49% |
* Annualized
Return Ranking - Calendar
| Period | MMDEX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 27.2% | -74.1% | 72.4% | 67.33% |
| 2022 | -32.1% | -85.9% | 4.7% | 37.85% |
| 2021 | 26.3% | -52.4% | 60.5% | 4.69% |
| 2020 | 24.8% | -34.3% | 145.0% | 56.14% |
| 2019 | 23.6% | -21.8% | 49.4% | 58.56% |
Total Return Ranking - Trailing
| Period | MMDEX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 7.7% | -15.5% | 20.9% | 47.65% |
| 1 Yr | 26.1% | -22.1% | 61.0% | 70.39% |
| 3 Yr | 6.4%* | -31.0% | 22.5% | 29.96% |
| 5 Yr | 14.6%* | -16.4% | 29.0% | 29.99% |
| 10 Yr | 14.3%* | -5.7% | 18.8% | 23.49% |
* Annualized
Total Return Ranking - Calendar
| Period | MMDEX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 29.8% | -4.6% | 72.4% | 75.41% |
| 2022 | -28.2% | -61.7% | 5.6% | 33.39% |
| 2021 | 31.5% | -39.8% | 118.1% | 3.18% |
| 2020 | 33.2% | 2.8% | 149.2% | 57.97% |
| 2019 | 33.7% | -5.2% | 49.4% | 44.23% |
NAV & Total Return History
MMDEX - Holdings
Concentration Analysis
| MMDEX | Category Low | Category High | MMDEX % Rank | |
|---|---|---|---|---|
| Net Assets | 589 M | 242 K | 269 B | 64.26% |
| Number of Holdings | 185 | 1 | 3217 | 12.66% |
| Net Assets in Top 10 | 284 M | 104 K | 111 B | 63.21% |
| Weighting of Top 10 | 52.60% | 0.7% | 205.0% | 37.31% |
Top 10 Holdings
- Apple, Inc. 14.21%
- Microsoft Corporation 8.92%
- NVIDIA Corporation 5.70%
- Amazon.com, Inc. 4.92%
- Alphabet, Inc. Class A 4.05%
- Meta Platforms, Inc. Class A 3.67%
- Alphabet, Inc. Class C 3.23%
- Tesla, Inc. 3.18%
- Broadcom, Inc. 2.38%
- Eli Lilly Company 2.33%
Asset Allocation
| Weighting | Return Low | Return High | MMDEX % Rank | |
|---|---|---|---|---|
| Stocks | 98.84% | 0.00% | 130.05% | 49.96% |
| Cash | 0.89% | -1.50% | 173.52% | 57.13% |
| Bonds | 0.87% | 0.00% | 104.15% | 1.77% |
| Preferred Stocks | 0.00% | 0.00% | 7.84% | 74.94% |
| Other | 0.00% | -43.49% | 50.04% | 74.68% |
| Convertible Bonds | 0.00% | 0.00% | 1.94% | 70.16% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | MMDEX % Rank | |
|---|---|---|---|---|
| Technology | 43.11% | 0.00% | 65.70% | 13.44% |
| Consumer Cyclical | 14.79% | 0.00% | 62.57% | 55.96% |
| Healthcare | 11.71% | 0.00% | 39.76% | 59.85% |
| Communication Services | 9.56% | 0.00% | 66.40% | 61.79% |
| Financial Services | 8.48% | 0.00% | 43.06% | 54.86% |
| Industrials | 3.72% | 0.00% | 30.65% | 75.57% |
| Real Estate | 3.41% | 0.00% | 16.05% | 13.10% |
| Consumer Defense | 2.85% | 0.00% | 25.50% | 60.86% |
| Basic Materials | 1.20% | 0.00% | 18.91% | 48.69% |
| Energy | 0.81% | 0.00% | 41.09% | 43.96% |
| Utilities | 0.36% | 0.00% | 16.07% | 23.25% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | MMDEX % Rank | |
|---|---|---|---|---|
| US | 98.84% | 0.00% | 130.05% | 38.48% |
| Non US | 0.00% | 0.00% | 78.10% | 80.25% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | MMDEX % Rank | |
|---|---|---|---|---|
| Corporate | 67.60% | 0.00% | 100.00% | 1.60% |
| Cash & Equivalents | 0.89% | 0.00% | 173.52% | 50.84% |
| Derivative | 0.00% | -44.09% | 82.03% | 70.35% |
| Securitized | 0.00% | 0.00% | 43.70% | 69.28% |
| Municipal | 0.00% | 0.00% | 0.57% | 69.28% |
| Government | 0.00% | 0.00% | 12.45% | 69.55% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | MMDEX % Rank | |
|---|---|---|---|---|
| US | 0.87% | 0.00% | 104.15% | 1.69% |
| Non US | 0.00% | 0.00% | 1.69% | 69.03% |
MMDEX - Expenses
Operational Fees
| MMDEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.36% | 0.01% | 19.54% | 93.74% |
| Management Fee | 0.24% | 0.00% | 1.50% | 5.25% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.01% | 1.02% | N/A |
Sales Fees
| MMDEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 2.25% | 8.50% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| MMDEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 2.00% | 31.75% |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| MMDEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 18.17% | 0.00% | 316.74% | 22.61% |
MMDEX - Distributions
Dividend Yield Analysis
| MMDEX | Category Low | Category High | MMDEX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.81% | 0.00% | 28.10% | 25.95% |
Dividend Distribution Analysis
| MMDEX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | None | Annually | Annual | Annual |
Net Income Ratio Analysis
| MMDEX | Category Low | Category High | MMDEX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 0.38% | -6.13% | 3.48% | 9.23% |
Capital Gain Distribution Analysis
| MMDEX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 29, 2023 | $0.328 | OrdinaryDividend |
| Dec 29, 2022 | $0.021 | OrdinaryDividend |
| Dec 16, 2022 | $1.675 | OrdinaryDividend |
| Dec 31, 2020 | $0.204 | OrdinaryDividend |
| Dec 31, 2019 | $0.289 | OrdinaryDividend |
| Dec 17, 2019 | $1.533 | OrdinaryDividend |
| Jan 02, 2019 | $0.307 | OrdinaryDividend |
| Jan 02, 2018 | $0.155 | OrdinaryDividend |
| Jan 03, 2017 | $0.204 | OrdinaryDividend |
| Dec 31, 2015 | $0.275 | OrdinaryDividend |
| Dec 29, 2014 | $0.188 | OrdinaryDividend |
| Dec 31, 2013 | $0.191 | OrdinaryDividend |
| Dec 31, 2012 | $0.056 | OrdinaryDividend |
MMDEX - Fund Manager Analysis
Managers
Dale Snyder
Start Date
Tenure
Tenure Rank
Jun 17, 2013
8.96
9.0%
Dale Snyder, CFA® . Dale Snyder has been a portfolio manager since 2013. He joined Everence in 1999 as an equity analyst. Dale holds a BA in Business (minor in Economics) from Goshen (Ind.) College and a MBA from Indiana University. Dale is a CFA charterholder.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.04 | 54.45 | 8.2 | 2.92 |