About MXBDX
Empower Lifetime 2040 Fund Investor Class is a target-date mutual fund designed to align its asset mix with investors planning to retire around 2040. Its stated objective emphasizes capital appreciation and income in the years leading up to the target date, transitioning to a focus on income and, secondarily, capital growth thereafter. The fund achieves diversification by allocating across underlying Empower strategies spanning U.S. large-cap, mid-cap, and small-cap equities, international developed and emerging markets, and core fixed income, reflecting a balanced approach typical of the 2040 cohort. This structure seeks broad market exposure and systematic de-risking over time through glidepath adjustments as retirement approaches. As part of the Target-Date 2040 category, it plays a role in retirement planning by offering a professionally managed, age-appropriate portfolio that consolidates equity and bond holdings into a single solution. Investors and advisors can track performance against a multi-asset benchmark, with third-party services providing periodic return and risk metrics to assess progress toward long-term retirement objectives.
Fund Family Empower Funds
Category Target-Date 2040
Performance Rating Below Average
Risk Rating Average
Stock Exchange Nasdaq
Ticker Symbol MXBDX
Share Class Investor Class
Index MSCI AC World NR USD
MXBDX had a total return of 11.60% in the past year, including dividends. Since the fund's
inception, the average annual return has been 8.89%.
