About MXDQX
Empower U.S. Government Securities Fund Institutional Class is a mutual fund focused on fixed income investments, primarily targeting U.S. government and agency securities. Its core objective is to achieve the highest possible return compatible with capital preservation and substantial credit protection. The fund predominantly invests at least 80% of its assets in securities issued or guaranteed by the U.S. government, its agencies, or instrumentalities, including a significant allocation to mortgage-backed securities. Up to 20% of its assets may be allocated to other investment-grade fixed income instruments, such as asset-backed securities that are not government guaranteed. The fund’s portfolio, typically comprising hundreds of individual holdings, aims for broad diversification within the government securities sector and benchmarks its performance to major U.S. government and mortgage-backed indices. Serving institutional investors and large-scale retirement plans, this fund plays a key role in offering stability, income, and risk mitigation, especially in uncertain or volatile market environments, by concentrating on high-quality, lower-risk bonds with a focus on creditworthiness and interest rate management.
Fund Family Empower Funds
Category US Mortgage
Performance Rating Above Average
Risk Rating Above Average
Stock Exchange Nasdaq
Ticker Symbol MXDQX
Share Class Institutional Class
Index Bloomberg U.S. Government Mortgage TR
MXDQX had a total return of -1.89% in the past year, including dividends. Since the fund's
inception, the average annual return has been 0.86%.
