Empower Lifetime 2040 Fund Service Class (MXBEX)
| Fund Assets | 806.75M |
| Expense Ratio | 0.98% |
| Min. Investment | $0.00 |
| Turnover | 12.00% |
| Dividend (ttm) | 0.54 |
| Dividend Yield | 4.27% |
| Dividend Growth | -19.94% |
| Payout Frequency | Semi-Annual |
| Ex-Dividend Date | Dec 30, 2025 |
| Previous Close | 12.67 |
| YTD Return | 6.11% |
| 1-Year Return | 17.53% |
| 5-Year Return | 36.75% |
| 52-Week Low | 11.11 |
| 52-Week High | 12.84 |
| Beta (5Y) | n/a |
| 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.
Performance
MXBEX had a total return of 17.53% in the past year, including dividends. Since the fund's inception, the average annual return has been 8.91%.
Top 10 Holdings
75.04% of assets| Name | Symbol | Weight |
|---|---|---|
| Empower S&P 500® Index Fund Institutional Class | MXKWX | 26.34% |
| Empower International Index Fund Institutional Class | MXPBX | 9.48% |
| Empower Bond Index Fund Institutional Class | MXCOX | 6.02% |
| Empower Large Cap Value Instl | MXVHX | 5.96% |
| Empower Large Cap Growth Fund Institutional Class | MXGSX | 5.42% |
| Empower International Value Fund Institutional Class | MXJVX | 5.09% |
| Empower Mid Cap Value Fund Institutional Class | MXKJX | 4.51% |
| Empower International Growth Fund Institutional Class | MXHTX | 4.41% |
| Empower T. Rowe Price Mid Cap Growth Fund Institutional Class | MXYKX | 4.19% |
| Empower Core Bond Fund Institutional Class | MXIUX | 3.61% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| 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 |
| Sep 8, 2023 | $0.2544 | Sep 11, 2023 |