About MXEWX
Empower Core Strategies Flexible Bond Fund Investor Class is an open-end mutual fund specializing in fixed income securities, designed to provide investors with total return through both income and changes in portfolio market value. Its portfolio management aims for flexibility across the full spectrum of fixed income opportunities, allocating at least 80% of assets to a diversified selection of bonds. The fund invests in a broad array of asset types, including U.S. government securities, corporate bonds, mortgage- and asset-backed securities, and bank loans, covering all maturities and durations. Notably, up to 35% of its holdings can be in below investment grade (high-yield) debt, offering exposure to greater credit risk for potentially higher returns. It regularly maintains a large and diverse portfolio, holding more than 900 individual securities and balancing sector, credit, and maturity exposure. The fund is benchmarked to the Bloomberg US Aggregate Bond Index, positioning it within the intermediate core-plus bond category. It stands out for its active approach to navigating interest rate cycles and credit markets, seeking resilience and opportunity within the fixed income landscape.
Fund Family Empower Funds
Category Intermediate Core-Plus Bond
Performance Rating Average
Risk Rating Average
Stock Exchange NASDAQ
Ticker Symbol MXEWX
Share Class Investor Class
Index Bloomberg U.S. Aggregate Bond TR
MXEWX had a total return of 3.61% in the past year, including dividends.
Since the fund's inception, the average annual return has been 0.28%.
