Empower High Yield Bond Instl (MXFRX)

NASDAQ · Mutual Fund · Delayed Price · Currency is USD
10.73
+0.01 (0.09%)
Sep 10, 2025, 4:00 PM EDT
0.09%
Fund Assets727.30M
Expense Ratio0.63%
Min. Investment$0.00
Turnover59.00%
Dividend (ttm)0.32
Dividend Yield2.98%
Dividend Growth54.95%
Payout FrequencySemi-Annual
Ex-Dividend DateSep 5, 2025
Previous Close10.72
YTD Return7.30%
1-Year Return6.34%
5-Year Return23.11%
52-Week Low9.68
52-Week High10.76
Beta (5Y)0.42
Holdings514
Inception DateMay 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.

Fund Family Empower Funds
Category High Yield Bond
Stock Exchange NASDAQ
Ticker Symbol MXFRX
Share Class Institutional Class
Index Index is not available on Lipper Database

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.

SymbolShare ClassExpense Ratio
MXHYXInvestor Class0.98%

Top 10 Holdings

9.12% of assets
NameSymbolWeight
Dreyfus Institutional Reserves Funds - Dreyfus Institutional Preferred Government Money Market FundDSVXX3.87%
CCO Holdings, LLC/ CCO Holdings Capital Corp. - CHTR 4.75 03/01/30 144ACHTR0.69%
Tenet Healthcare Corporation - THC 6.125 06/15/30THC0.61%
MicroStrategy Incorporated - MSTR 0 03/01/30MSTR0.60%
Expand Energy Corp. - EXE 6.75 04/15/29 144AEXE0.59%
Davita Inc - DVA 6.875 09/01/32 144ADVA0.58%
Opal Bidco SAS - OPALBD 6.5 03/31/32 144AOPALBD0.56%
The Boeing Company 6% SER A DEP SHS REPSTG 1/20TH INT MANDATORY CONV PFDBA0.55%
Ford Motor Credit Company LLC - F 4 11/13/30F0.54%
Kedrion S.p.A. - KEDRIM 6.5 09/01/29 144AKEDRIM0.54%
View More Holdings

Dividend History

Ex-DividendAmountPay Date
Sep 5, 2025$0.02243Sep 8, 2025
Dec 27, 2024$0.31195Dec 30, 2024
Sep 6, 2024$0.00557Sep 9, 2024
Dec 27, 2023$0.21024Dec 28, 2023
Sep 6, 2023$0.02085Sep 7, 2023
Jun 23, 2023$0.22956Jun 26, 2023
Full Dividend History