About MXEDX
Empower Core Strategies Flexible Bond Fund Institutional Class is an open-end mutual fund focused on generating total return through both income and changes in portfolio value. Classified within the intermediate core-plus bond category, the fund primarily invests in a diversified mix of fixed income securities, including corporate bonds, U.S. government and agency instruments, and occasionally lower-quality bonds, which gives it a lower average credit rating compared to many peers. The fund's holdings encompass a large number of individual securities, frequently exceeding 1,000, and treasury instruments represent significant allocations. It is structured for institutional investors, offering a competitive expense ratio and maintaining semiannual income distributions. The fund's strategy allows flexibility across various bond markets and maturities, aiming to balance yield opportunities with risk management. Its role in the financial market is to serve as a core fixed income allocation, designed for investors seeking exposure to a broad spectrum of bond assets and return sources, while accommodating a variety of interest rate environments and credit profiles.
Fund Family Empower Funds
Category Intermediate Core-Plus Bond
Performance Rating Above Average
Risk Rating Average
Stock Exchange Nasdaq
Ticker Symbol MXEDX
Share Class Institutional Class
Index Bloomberg U.S. Aggregate Bond TR
MXEDX had a total return of -1.49% in the past year, including dividends. Since the fund's
inception, the average annual return has been 1.94%.
