Fund Evaluator:
Praxis Genesis Growth A (MGAFX)
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Best Performing in Global Moderately Aggressive Allocation Over the Last Year
| 20.4% | TOPS® Moderately Aggressive ETF 2 () |
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| 19.6% | Fidelity Advisor Asset Manager 70% Z (FIQBX) |
| 19.5% | Fidelity Asset Manager 70% (FASGX) |
| 19.3% | Fidelity Multi-Asset Index (FFNOX) |
Fund Details
Praxis Genesis Growth A Overview
Praxis Genesis Growth A (MGAFX) is an actively managed Allocation Global Moderately Aggressive Allocation fund. Praxis Investment Management, Inc. launched the fund in 2009.
The investment seeks capital appreciation with current income as a secondary objective. The Portfolio, a fund of funds, seeks to achieve its investment objective by investing primarily in Class I shares of underlying Praxis Funds. The Portfolio typically invests approximately 10-30 percent of its total assets in bond funds and 70-90 percent of its total assets in equity funds. In selecting underlying funds, the Adviser analyzes many factors, including the underlying funds' investment objectives, total return, and volatility.
About Praxis Genesis Growth A (MGAFX)
There are 2 members of the management team with an average tenure of 10.78 years: Dale Snyder (2018), Benjamin Bailey (2013). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: Bloomberg US Agg Bond TR USD index with a weighting of 100% and Morningstar US Total Market TR USD index with a weighting of 100%. Praxis Genesis Growth A has 6 securities in its portfolio. The top 10 holdings constitute 100.0% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is considered to have an ESG focus with its investment selection and management.
Praxis Genesis Growth A is part of the Allocation global asset class and is within the Allocation fund group. Praxis Genesis Growth A has 25.5% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 55.4%. There is 24.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 19.7% (18.2% domestic bond, 1.5% foreign bond and 0.0% convertible bond). Praxis Genesis Growth A has 0.8% of the portfolio in cash.
Assets Under Management
The fund has $140 million in total assets, which is below the $1 billion average for the Global Moderately Aggressive Allocation category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
MGAFX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Praxis Genesis Growth A expense ratio is high compared to funds in the Global Moderately Aggressive Allocation category. Praxis Genesis Growth A has an expense ratio of 0.89%, which is 11% lower than its category average, making the fund expense ratio grade a C. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Praxis Genesis Growth A has a portfolio turnover rate of 13%, indicating that holds its assets around 0.1 years. By way of comparison, the average portfolio turnover is 32% for the Global Moderately Aggressive Allocation category.
Recently, in the month of August 2026, Praxis Genesis Growth A returned 2.0%, which earned it a grade of B, as the Global Moderately Aggressive Allocation category had an average return of 1.6%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
Praxis Genesis Growth A has a trailing yield of 1.37%, which is below the 1.95% category average. The fund normally distributes its income monthly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Praxis Genesis Growth A Grades
Year to date, the fund has returned 12.6%, 1.0 percentage points better than the category, which translates into a grade of A. The fund has returned 18.1% over the past year (grade of B), 15.4% over the past three years (grade of C) and 7.5% per year over the past five years (grade of C) and 9.8% per year over the past 10 years (grade of B).
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MGAFX Trailing NAV Total Returns Data as of 8/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| MGAFX Return (NAV) | 2.0% | 2.0% | 18.1% | 15.4% | 7.5% | 9.8% |
| MGAFX Grade | B | B | B | C | C | B |
| +/- Category | 0.3% | 0.1% | 0.9% | -0.2% | -0.2% | 0.7% |
| Global Moderately Aggressive Allocation Avg | 1.6% | 1.9% | 17.2% | 15.6% | 7.8% | 9.1% |
| MGAFX Tax Cost Ratio | na | na | 1.3% | 1.1% | 1.1% | 1.2% |
MGAFX Annual NAV Total ReturnsData as of 8/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| MGAFX Return (NAV) | 12.6% | 15.5% | 11.5% | 17.0% | -17.1% | 16.7% | 14.1% | 22.2% | -6.5% | 16.7% | 7.8% |
| MGAFX Grade | A | D | C | B | D | A | B | C | A | D | B |
| +/- Category | 1.0% | -2.3% | 0.3% | 2.8% | -2.8% | 1.3% | 3.3% | 1.3% | 1.4% | 0.0% | 0.2% |
| Global Moderately Aggressive Allocation Avg | 11.6% | 17.8% | 11.2% | 14.2% | -14.3% | 15.4% | 10.8% | 20.9% | -7.9% | 16.7% | 7.6% |
| Risk Measures | |
| Standard Deviation: | 10.9% |
| Total Risk Index: | 0.89 - Average |
| Category Risk Index: | 1.05 - High |
| Category Risk Grade: | F (91% Rank) |
| Beta: | 1.15 |
| R-Squared: | 95% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Blend |
| Bond Investment Style: | High Quality Moderate Sensitivity |
| Yield: | 1.4% |
| Dividend Distribution: | Monthly |
| Cap Gains Distribution: | Annually |
| Total Assets: | $140 Mil |
| Fund Total Assets: | $ 141 Mil |
| Share Class Type: | A |
| Portfolio Turnover: | 14% |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 13.2 years | |||
| Average Tenure: 10.8 years | |||
| Managers (Year): Bailey Benjamin (2013), Snyder Dale (2018) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 6 |
| % in Top 10 Holdings: | 100.0% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 25.5% |
Portfolio Allocation |
|
| Domestic Stock: | 55.4% |
| Foreign Stock: | 24.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 18.2% |
| Foreign Bond: | 1.5% |
| Convertible Bond: | 0.0% |
| Other: | 0.1% |
| Cash: | 0.8% |
Purchase Information
| Fund Family: | Praxis Investment Management, Inc. |
| Phone Number: | 800-977-2947 |
| Website: | www.praxisinvests.com |
| Status: | Open |
| Inception Date: | December 31, 2009 |
| Min. Initial Purchase: | $2,500 |
| Min. Initial IRA Purchase: | $2,500 |
| True No-Load: | No |
| Front Load Maximum: | 5.25% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | 0.25% |
Expenses and Fees | |
| Expense Ratio (%): | 0.89% ( Rating : High ) |
| Category Average Expense Ratio (%): | 1.00% |
| Share Class: | Praxis Genesis Growth A |
| Min. Subsequent Purchase: | $ 100 |
| Min. Subsequent IRA Purchase: | $ 100 |
