About MXGUX
Empower Lifetime 2060 Fund Institutional Class is a mutual fund designed for investors with a long-term retirement horizon, specifically those planning to retire around the year 2060. Its primary function is to provide capital appreciation and income consistent with its asset allocation, shifting its objective toward income and, secondarily, capital growth as the target date approaches. The fund invests in a professionally managed mix of underlying mutual funds and a fixed interest contract, offering a diversified approach that combines equities, fixed income, and other asset classes. This structure aims to balance growth potential with risk management, adjusting exposure as participants near retirement. Empower Lifetime 2060 Fund Institutional Class is well-suited for investors seeking a tailored, single-solution investment aligned with a specific retirement year, reducing the complexity of individual asset allocation decisions. With a focus on growth and income, it plays a meaningful role in retirement planning strategies by providing an all-in-one, dynamically adjusted portfolio for investors focused on long-term outcomes.
Fund Family Empower Funds
Category Target-Date 2060+
Performance Rating Below Average
Risk Rating Average
Stock Exchange NASDAQ
Ticker Symbol MXGUX
Share Class Institutional Class
Index MSCI AC World NR USD
MXGUX had a total return of 19.19% in the past year, including dividends. Since the fund's
inception, the average annual return has been 17.74%.
