About MXBGX
Empower Lifetime 2040 Fund Institutional Class is a target-date mutual fund designed for investors planning to retire around 2040. Its primary objective is capital appreciation and income aligned with a glide path that gradually reduces equity exposure and increases fixed income as the target year approaches; after 2040, the fund emphasizes income while seeking secondary capital growth. The strategy invests in a diversified mix of underlying Empower funds spanning U.S. large-cap, mid-cap, and small-cap equities, international developed and emerging markets, and core bond exposures, with notable allocations to index-based building blocks such as S&P 500, international equity, and bond index funds. Positioned within the Target-Date 2040 category, it offers institutional pricing with an expense ratio in the low- to mid-0.5% range. The fund’s role in the market is to provide a single, professionally managed solution that automatically adjusts risk over time, aiming to simplify retirement investing through broad multi-asset diversification and systematic rebalancing consistent with its glide path.
Fund Family Empower Funds
Category Target-Date 2040
Performance Rating Below Average
Risk Rating Average
Stock Exchange Nasdaq
Ticker Symbol MXBGX
Share Class Institutional Class
Index MSCI AC World NR USD
MXBGX had a total return of 14.31% in the past year, including dividends. Since the fund's
inception, the average annual return has been 9.33%.
