Empower S&P 500® Index Fund Institutional Class (MXKWX)

NASDAQ · Mutual Fund · Delayed Price · Currency is USD
10.00
+0.01 (0.10%)
Jul 22, 2025, 9:30 AM EDT
0.10%
Fund Assets7.30B
Expense Ratio0.14%
Min. Investment$0.00
Turnover2.00%
Dividend (ttm)0.47
Dividend Yield4.64%
Dividend Growth-73.71%
Payout FrequencySemi-Annual
Ex-Dividend DateDec 27, 2024
Previous Close9.99
YTD Return7.99%
1-Year Return9.98%
5-Year Return92.20%
52-Week Low7.87
52-Week High10.07
Beta (5Y)n/a
Holdings506
Inception DateMay 1, 2015

About MXKWX

The Empower S&P 500 Index Fund Institutional Class is a mutual fund designed to closely mirror the performance of the Standard & Poor’s 500 Index, a widely recognized benchmark representing the 500 largest publicly traded companies in the United States. The fund achieves broad market exposure by primarily investing at least 80% of its net assets in the common stocks included in the S&P 500, employing a replication indexing strategy to track the benchmark as precisely as possible. Notable for its low expense ratio and efficient management, the fund provides investors with a cost-effective vehicle for capturing large-cap U.S. equity market returns over the long term. Key sectors covered by the fund include technology, consumer discretionary, communication services, financials, and healthcare, with significant holdings in leading companies such as Microsoft, Apple, NVIDIA, and Amazon. As an institutional share class, it is tailored for larger-scale investors seeking competitive fees and diversified, passive exposure to the U.S. large-cap equity market. The fund plays a critical role in portfolios seeking to match broad U.S. market performance and serves as a core holding for retirement plans and institutional investors.

Fund Family Empower Funds
Category Large Blend
Stock Exchange NASDAQ
Ticker Symbol MXKWX
Share Class Institutional Class
Index S&P 500 TR

Performance

MXKWX had a total return of 9.98% in the past year, including dividends. Since the fund's inception, the average annual return has been 12.33%.

Equivalent Funds

These are funds that follow the same index from the other major fund companies.

SymbolProviderNameExpense Ratio
FDFIXFidelityFidelity Flex 500 Index Fundn/a
FLCPXFidelityFidelity SAI U.S. Large Cap Index Fund0.02%
VFIAXVanguardVanguard 500 Index Fund Admiral Shares0.04%
FXAIXFidelityFidelity 500 Index Fund0.02%
SWPPXSchwabSchwab® S&P 500 Index Fund0.02%

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

SymbolShare ClassExpense Ratio
MXVIXInvestor Class0.49%

Top 10 Holdings

33.11% of assets
NameSymbolWeight
Apple Inc.AAPL6.92%
Microsoft CorporationMSFT5.79%
NVIDIA CorporationNVDA5.51%
Amazon.com, Inc.AMZN3.72%
Meta Platforms, Inc.META2.62%
Berkshire Hathaway Inc. CL B NEWBRKB2.02%
Alphabet Inc.GOOGL1.87%
Broadcom Inc.AVGO1.63%
Alphabet Inc.GOOG1.53%
Tesla, Inc.TSLA1.50%
View More Holdings

Dividend History

Ex-DividendAmountPay Date
Dec 27, 2024$0.41248Dec 30, 2024
Sep 6, 2024$0.05521Sep 9, 2024
Dec 27, 2023$1.51777Dec 28, 2023
Sep 6, 2023$0.12091Sep 7, 2023
Jun 23, 2023$0.14052Jun 26, 2023
Dec 28, 2022$0.34172Dec 29, 2022
Full Dividend History