MMDEX Fees and Costs — Praxis Growth Index Fund, Class I
Data updated: 2026-08-31
The net expense ratio is 0.34%: a 0.23% management fee plus 0.11% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $16K in broker commissions, 0.0024% of average net assets, and portfolio turnover was 18%.
MMDEX Fees and Expenses
Annual operating expenses and sales charges of MMDEX. Prospectus, as of April 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.23% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.11% |
| Gross expense ratio | 0.34% |
| Fee waiver | — |
| Net expense ratio | 0.34% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
MMDEX Costs Over Time
On $10,000 invested in MMDEX, assuming 5% a year before costs, total costs come to $217 over 5 years, cutting the return by 0.36% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.34%) | $36 | $112 | $196 |
| Trading costs (broker commissions) | $0 | $1 | $1 |
| Lost growth on money paid in costs | $0 | $6 | $20 |
| Total costs | $36 | $119 | $217 |
| Value after costs | $10,464 | $11,458 | $12,546 |
| Impact on return, per year | 0.36% | 0.36% | 0.36% |
MMDEX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0024%
- Total broker commissions: $16K
- Bought from dealers (principal trades, not a cost): $16.7M
- Portfolio turnover (prospectus): 18%
- Securities on loan, average value: $8.3M
- Net income from securities lending: $32K (0.005% of average net assets)
MMDEX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| TD SECURITIES (USA) LLC | $15K | 91.74% |
| COWEN AND COMPANY LLC | $1K | 8.17% |
| VIRTU AMERICAS LLC | $15 | 0.09% |
MMDEX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| INSPEREX | $3.0M | 86.96% |
| USB SECURITIES, INC | $450K | 13.04% |
Praxis Growth Index Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| MMDEX | Class I | 0.34% | none |
| MGNDX | Class A | 0.62% | 5.25% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.