Empower Lifetime 2040 Svc (MXBEX)

Fund Assets	806.75M
Expense Ratio	0.978%
Min. Investment	$0.00
Turnover	12.00%
Dividend (ttm)	0.23
Dividend Yield	1.79%
Dividend Growth	-10.09%
Payout Frequency	Semi-Annual
Ex-Dividend Date	Sep 9, 2026

Previous Close	12.74
YTD Return	8.43%
1-Year Return	11.42%
5-Year Return	37.51%
52-Week Low	11.51
52-Week High	13.38
Beta (5Y)	0.88
Holdings	22
Inception Date	Apr 28, 2016

About MXBEX

Empower Lifetime 2040 Fund Service Class is a target-date mutual fund designed to help investors prepare for retirement around the year 2040. Its primary function is to provide a diversified portfolio that automatically adjusts its asset allocation over time, becoming more conservative as the target retirement date approaches. This gradual shift typically means a higher allocation to equities in the earlier years for growth potential and an increased focus on income-generating assets, such as bonds, as 2040 nears. The fund invests broadly across large-cap, mid-cap, and small-cap U.S. equities, international stocks, and fixed-income instruments by utilizing a combination of both active and passive investment strategies. Major holdings often include index funds tracking the S&P 500, international equity benchmarks, and core bond indices. The Empower Lifetime 2040 Fund Service Class plays a significant role in retirement planning by offering a professionally managed, all-in-one solution that aims to balance growth and risk in line with participants' evolving investment time horizon and income needs, making it a common choice in defined contribution retirement plans like 401(k)s.

• Fund Family: Empower Funds
• Category: Target-Date 2040
• Performance Rating: Low
• Risk Rating: Average
• Stock Exchange: Nasdaq
• Ticker Symbol: MXBEX
• Share Class: Service Class
• Index: MSCI AC World NR USD

Performance

MXBEX had a total return of 11.42% in the past year, including dividends. Since the fund's inception, the average annual return has been 8.77%.

Other Share Classes

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

Symbol	Share Class	Expense Ratio
MXBGX	Institutional Class	0.50%
MXBDX	Investor Class	0.85%

Top 10 Holdings

74.95% of assets

Name	Symbol	Weight
Empower S&P 500® Index Institutional	MXKWX	26.45%
Empower International Index Instl	MXPBX	9.36%
Empower Bond Index Institutional	MXCOX	6.00%
EMPOWER FUNDS INC - LARGE CAP VALUE-INST	MXVHX	5.90%
Empower Large Cap Growth Instl	MXGSX	5.48%
Empower International Value Instl	MXJVX	4.95%
Empower Mid Cap Value Instl	MXKJX	4.50%
Empower International Growth Instl	MXHTX	4.42%
Empower T. Rowe Price Mid Cp Gr Instl	MXYKX	4.29%
Empower Core Bond Instl	MXIUX	3.60%

Dividend History

Ex-Dividend	Amount	Pay Date
Sep 9, 2026	$0.2088	Sep 10, 2026
Dec 30, 2025	$0.22801	Dec 31, 2025
Sep 9, 2025	$0.31245	Sep 10, 2025
Dec 30, 2024	$0.30562	Dec 31, 2024
Sep 10, 2024	$0.36947	Sep 11, 2024
Dec 28, 2023	$0.21806	Dec 29, 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:

Oct 16, 2026

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