About MXBIX
Empower Bond Index Fund Investor Class is a passively managed mutual fund designed to mirror the performance of the Bloomberg US Aggregate Bond Index. This fund primarily invests in investment-grade, U.S. dollar-denominated bonds across major sectors, including U.S. Treasuries, government agencies, mortgage-backed securities, and high-quality corporate bonds. By tracking a broad-based index that includes over 12,000 securities, the fund provides significant diversification within the U.S. fixed-income market, making it a foundational holding for investors who seek broad bond market exposure. With an intermediate core bond classification, the fund manages interest rate sensitivity at a moderate level, balancing risk and return potential. Empower Bond Index Fund Investor Class plays a crucial role in fixed income portfolios, serving as a core component for income generation and risk mitigation within diversified investment strategies.
Fund Family Empower Funds
Category Intermediate Core Bond
Performance Rating Below Average
Risk Rating Average
Stock Exchange NASDAQ
Ticker Symbol MXBIX
Share Class Investor Class
Index Bloomberg U.S. Aggregate Bond TR
MXBIX had a total return of 5.18% in the past year, including dividends. Since the fund's
inception, the average annual return has been 3.58%.
