Empower Lifetime 2020 Inv (MXAGX)

Fund Assets	485.56M
Expense Ratio	0.76%
Min. Investment	$0.00
Turnover	17.00%
Dividend (ttm)	0.29
Dividend Yield	2.52%
Dividend Growth	-2.51%
Payout Frequency	n/a
Ex-Dividend Date	Dec 30, 2025

Previous Close	11.54
YTD Return	6.46%
1-Year Return	9.35%
5-Year Return	22.65%
52-Week Low	10.60
52-Week High	11.58
Beta (5Y)	0.53
Holdings	22
Inception Date	Apr 28, 2016

About MXAGX

Empower Lifetime 2020 Fund Investor Class is a target-date mutual fund designed for investors who reached or passed their target retirement around 2020. Its primary objective is to generate income with a secondary goal of capital growth, achieved through a professionally selected mix of underlying funds spanning equities, fixed income, and cash equivalents to reflect a conservative, near-retirement risk profile. The strategy employs a diversified, fund-of-funds approach that gradually shifts toward income-oriented and capital-preservation assets as the glide path moves further beyond the 2020 milestone. This construction aims to provide broad exposure across asset classes and sectors while managing volatility consistent with investors in or near the drawdown phase. The fund’s role in the market is to offer a turnkey allocation solution within retirement plan lineups and individual portfolios, simplifying rebalancing and risk management through an embedded, time-based asset mix. Performance data, fees, and risk metrics are available through major market data providers, supporting ongoing evaluation of its income-focused mandate and multi-asset diversification.

• Fund Family: Empower Funds
• Category: Target-Date 2020
• Performance Rating: Average
• Risk Rating: Average
• Stock Exchange: NASDAQ
• Ticker Symbol: MXAGX
• Share Class: Investor Class
• Index: MSCI AC World NR USD

Performance

MXAGX had a total return of 9.35% in the past year, including dividends. Since the fund's inception, the average annual return has been 6.26%.

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
MXAKX	Institutional Class	0.41%
MXAHX	Service Class	0.86%

Top 10 Holdings

76.99% of assets

Name	Symbol	Weight
Empower S&P 500® Index Institutional	MXKWX	15.29%
Empower Life & Annuity Contract	n/a	11.82%
Empower Infl-Protd Secs Instl	MXIOX	11.19%
Empower Bond Index Institutional	MXCOX	9.79%
Empower Core Bond Instl	MXIUX	5.88%
Empower Multi-Sector Bond Instl	MXUGX	5.79%
Empower Short Duration Bond Instl	MXXJX	5.07%
Empower Global Bond Institutional	MXZMX	4.40%
Empower International Index Instl	MXPBX	4.34%
Empower Large Cap Value Instl	MXVHX	3.42%

Dividend History

Ex-Dividend	Amount	Pay Date
Dec 30, 2025	$0.28841	Dec 31, 2025
Sep 9, 2025	$0.19155	Sep 10, 2025
Dec 30, 2024	$0.29829	Dec 31, 2024
Sep 10, 2024	$0.11295	Sep 11, 2024
Dec 28, 2023	$0.16717	Dec 29, 2023
Sep 8, 2023	$0.18916	Sep 11, 2023

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Aug 27, 2026

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