Empower High Yield Bond Instl (MXFRX)
| Fund Assets | 727.30M |
| Expense Ratio | 0.63% |
| Min. Investment | $0.00 |
| Turnover | 59.00% |
| Dividend (ttm) | 0.32 |
| Dividend Yield | 2.98% |
| Dividend Growth | 54.95% |
| Payout Frequency | Semi-Annual |
| Ex-Dividend Date | Sep 5, 2025 |
| Previous Close | 10.72 |
| YTD Return | 7.30% |
| 1-Year Return | 6.34% |
| 5-Year Return | 23.11% |
| 52-Week Low | 9.68 |
| 52-Week High | 10.76 |
| Beta (5Y) | 0.42 |
| Holdings | 514 |
| Inception Date | May 1, 2015 |
About MXFRX
Empower High Yield Bond Fund Institutional Class is a mutual fund focused on generating high current income through investments in corporate fixed income securities that carry higher yields and higher risks than investment grade bonds. The fund primarily allocates at least 80% of its net assets to high yield, high-risk corporate bonds, often referred to as “junk bonds” because they are typically rated below BBB by S&P or below Baa by Moody’s. Its goal is to provide substantial income, with potential for capital appreciation as a secondary objective when it aligns with the primary aim. The fund maintains a well-diversified portfolio—holding approximately 500 securities—with a competitive expense ratio and no minimum investment requirement, making it accessible to a wide range of investors. Empower High Yield Bond Fund Institutional Class plays a significant role in the fixed income category by offering investors an opportunity to access higher-income streams, albeit with correspondingly higher risk profiles compared to more traditional bond funds. This makes the fund a notable asset for those seeking yield enhancement within the high yield bond segment of the market.
Performance
MXFRX had a total return of 6.34% in the past year, including dividends. Since the fund's inception, the average annual return has been 5.15%.
Other Share Classes
These are alternative share classes of the same fund, from the same provider.
| Symbol | Share Class | Expense Ratio |
|---|---|---|
| MXHYX | Investor Class | 0.98% |
Top 10 Holdings
9.12% of assets| Name | Symbol | Weight |
|---|---|---|
| Dreyfus Institutional Reserves Funds - Dreyfus Institutional Preferred Government Money Market Fund | DSVXX | 3.87% |
| CCO Holdings, LLC/ CCO Holdings Capital Corp. - CHTR 4.75 03/01/30 144A | CHTR | 0.69% |
| Tenet Healthcare Corporation - THC 6.125 06/15/30 | THC | 0.61% |
| MicroStrategy Incorporated - MSTR 0 03/01/30 | MSTR | 0.60% |
| Expand Energy Corp. - EXE 6.75 04/15/29 144A | EXE | 0.59% |
| Davita Inc - DVA 6.875 09/01/32 144A | DVA | 0.58% |
| Opal Bidco SAS - OPALBD 6.5 03/31/32 144A | OPALBD | 0.56% |
| The Boeing Company 6% SER A DEP SHS REPSTG 1/20TH INT MANDATORY CONV PFD | BA | 0.55% |
| Ford Motor Credit Company LLC - F 4 11/13/30 | F | 0.54% |
| Kedrion S.p.A. - KEDRIM 6.5 09/01/29 144A | KEDRIM | 0.54% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Sep 5, 2025 | $0.02243 | Sep 8, 2025 |
| Dec 27, 2024 | $0.31195 | Dec 30, 2024 |
| Sep 6, 2024 | $0.00557 | Sep 9, 2024 |
| Dec 27, 2023 | $0.21024 | Dec 28, 2023 |
| Sep 6, 2023 | $0.02085 | Sep 7, 2023 |
| Jun 23, 2023 | $0.22956 | Jun 26, 2023 |