About MXIUX
Empower Core Bond Fund Institutional Class is a mutual fund that focuses on providing a total return by investing primarily in a diversified portfolio of investment grade fixed income securities. The fund allocates at least 80% of its assets to bonds and other fixed income instruments that are rated BBB or above by Standard & Poor’s or Baa2 or higher by Moody’s, emphasizing both capital appreciation and income generation through interest payments. Its holdings span various sectors within the bond market, including government, corporate, and mortgage-backed securities, making it representative of the broader U.S. investment grade bond universe.
This fund serves as a core fixed income holding for institutional investors seeking stable income and moderate risk, characteristic of intermediate-term bond strategies. It aims to deliver returns through both the appreciation in the value of its underlying securities and recurring income, enhancing portfolio diversification for its investors. The fund is known for its competitive expense ratio, lack of investment minimums, and regular dividend distribution, making it suitable for retirement plans and other institutional portfolios. Empower Core Bond Fund Institutional Class plays an important role in the financial market by providing access to broad-based, actively managed bond exposure for long-term investors.
Fund Family Empower Funds
Category Intermediate Core Bond
Performance Rating Above Average
Risk Rating Above Average
Stock Exchange Nasdaq
Ticker Symbol MXIUX
Share Class Institutional Class
Index Bloomberg U.S. Aggregate Bond TR
MXIUX had a total return of -2.42% in the past year, including dividends. Since the fund's
inception, the average annual return has been 1.56%.
