About MXISX
Empower S&P Small Cap 600 Index Fund Investor Class is an open-end mutual fund designed to replicate the performance of the S&P SmallCap 600 Index, a widely recognized benchmark of small-cap U.S. equities. The fund achieves this by using a full replication approach, investing primarily in the common stocks that constitute the index, which comprises companies with market capitalizations typically between $850 million and $3.7 billion. These holdings span multiple sectors, including healthcare, financial services, technology, consumer cyclical, real estate, and basic materials, reflecting the broad composition of the small-cap segment in the U.S. equity market.
The fund is managed by Empower Capital Management, LLC, and employs representative sampling to ensure close tracking of its benchmark while aiming for operational efficiency and minimized tax impact. With a small-blend investment style, it includes both growth and value stocks, providing diversified exposure to the innovative and dynamic small-cap space. The fund’s low expense ratio and low distribution fee further enhance its appeal for investors seeking cost-efficient access to small-cap equities. As part of its mandate, at least 80% of net assets are invested directly in stocks from the S&P SmallCap 600, making it a prominent vehicle for those interested in the U.S. small-cap market segment.
Fund Family Empower Funds
Category Small Blend
Performance Rating Average
Risk Rating Above Average
Stock Exchange NASDAQ
Ticker Symbol MXISX
Share Class Investor Class
Index S&P 600 Small Cap TR
MXISX had a total return of 20.81% in the past year, including dividends. Since the fund's
inception, the average annual return has been 4.50%.
