Praxis Growth Index Fund Class I
MMDEX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 1110 N. Main St. Goshen IN United States of America 46527
- IPO Date
- May 2, 2007
- CIK
- 0000912900
- Website
- praxisinvests.com
- Similar Companies
- Business
- Praxis Growth Index Fund Class I (MMDEX) is an open-end mutual fund that seeks long-term capital appreciation by investing primarily in a diversified portfolio of U.S. large-cap growth equities, tracking the CRSP US Large Cap Growth Index (formerly the S&P 500 Growth Index through December 2024); it emphasizes stewardship-driven, faith-based impact investing through Praxis Investment Management's proprietary ImpactX framework, which applies seven impact strategies including shareholder advocacy, community development investing, and environmental stewardship across its holdings. The fund's portfolio is heavily allocated to U.S. stocks (approximately 99%), with top holdings including NVIDIA Corp (13.23%), Apple Inc (11.72%), Microsoft Corp (8.76%), Amazon.com Inc (5.64%), and Broadcom Inc (5.02%), alongside minimal exposure to U.S. bonds (0.86%) and cash (0.12%); it features a net expense ratio of 0.35%, daily pricing, and a minimum initial investment of $100,000 for Class I shares. Available primarily to U.S. investors, the fund targets institutional and high-net-worth individuals seeking large growth category exposure with values-aligned principles. Launched on May 1, 2007, and managed by Dale Snyder since June 17, 2013, MMDEX is domiciled in the United States with total net assets of approximately $695-735 million as of late 2025; it operates under Praxis Investment Management, Inc., founded in 1994 and headquartered in Goshen, Indiana, which advises a suite of faith-based mutual funds, ETFs, and portfolio solutions totaling over $3 billion in mutual fund assets and $100 million in ETFs. In recent developments, Praxis Investment Management launched its inaugural ETFs in April 2025—Praxis Impact Large Cap Growth ETF (PRXG) and Praxis Impact Large Cap Value ETF (PRXV)—in response to investor demand for lower-cost, tax-efficient, liquid alternatives that align with faith-based values and benchmark-like returns with minimal tracking error, marking a strategic expansion into ETFs alongside its established mutual funds. The firm also crossed key assets under management milestones in 2025, surpassing $3 billion in mutual funds and $100 million in ETFs, while receiving accolades for its stewardship investing approach during its 30th anniversary year. These initiatives reflect Praxis's ongoing commitment to broadening values-driven investment options amid growing demand from faith-based advisors and investors.