Empower Lifetime 2020 Instl (MXAKX)

Fund Assets	485.56M
Expense Ratio	0.41%
Min. Investment	$0.00
Turnover	17.00%
Dividend (ttm)	0.33
Dividend Yield	2.82%
Dividend Growth	-1.62%
Payout Frequency	n/a
Ex-Dividend Date	Dec 30, 2025

Previous Close	11.57
YTD Return	6.73%
1-Year Return	9.77%
5-Year Return	24.78%
52-Week Low	10.61
52-Week High	11.60
Beta (5Y)	0.53
Holdings	22
Inception Date	Apr 28, 2016

About MXAKX

Empower Lifetime 2020 Fund Institutional Class is a target-date mutual fund designed for investors near or in early retirement. Its primary objective is to generate current income with a secondary focus on capital appreciation, reflecting a more conservative glide path as the 2020 target date has passed. The fund allocates across a professionally selected mix of underlying equity and fixed-income strategies, seeking diversification across asset classes to balance income needs with longevity risk. Typical exposures emphasize high-quality bonds, cash equivalents, and a modest allocation to equities to maintain growth potential, consistent with retirement-income mandates. As an institutional share class, it is structured for retirement plans and large platforms, offering access to a packaged asset allocation approach that simplifies portfolio management. The fund’s role in the market is to provide a turnkey, age-appropriate allocation for participants who prefer a managed solution as they transition from accumulation to distribution, aligning asset mix with retirement timing and risk tolerance while maintaining broad market diversification.

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

Performance

MXAKX had a total return of 9.77% in the past year, including dividends. Since the fund's inception, the average annual return has been 6.60%.

Other Share Classes

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

Symbol	Share Class	Expense Ratio
MXAGX	Investor Class	0.76%
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	$0.32122	Dec 31, 2025
Sep 9, 2025	$0.19338	Sep 10, 2025
Dec 30, 2024	$0.33082	Dec 31, 2024
Sep 10, 2024	$0.11295	Sep 11, 2024
Dec 28, 2023	$0.20111	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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