About MXCOX
Empower Bond Index Fund Institutional Class is an open-end mutual fund focused on providing broad exposure to the U.S. investment-grade bond market. As an intermediate core bond fund, its primary objective is to track the total return of the Bloomberg U.S. Aggregate Bond Index, which includes a diverse portfolio of U.S. Treasury securities, government-related and corporate bonds, mortgage-backed securities, and asset-backed securities. The fund employs a passive management approach, aiming to replicate the performance of its underlying index while maintaining a low expense ratio, notably 0.14%, which is among the lowest in its category. Since its inception in 2015, the fund has attracted significant assets and offers institutional investors a low-cost avenue to diversified fixed-income exposure. It holds thousands of individual securities, mainly in the government and investment-grade sectors, providing a foundation for income generation and risk mitigation within fixed income portfolios. The fund’s broad and diversified holdings make it a core component for investors seeking stable income and capital preservation within the fixed-income market.
Fund Family Empower Funds
Category Intermediate Core Bond
Performance Rating Below Average
Risk Rating Average
Stock Exchange Nasdaq
Ticker Symbol MXCOX
Share Class Institutional Class
Index Bloomberg U.S. Aggregate Bond TR
MXCOX had a total return of -2.39% in the past year, including dividends. Since the fund's
inception, the average annual return has been 1.04%.
