Empower S&P 500® Index Fund Institutional Class (MXKWX)
| Fund Assets | 7.30B |
| Expense Ratio | 0.14% |
| Min. Investment | $0.00 |
| Turnover | 2.00% |
| Dividend (ttm) | 0.47 |
| Dividend Yield | 4.64% |
| Dividend Growth | -73.71% |
| Payout Frequency | Semi-Annual |
| Ex-Dividend Date | Dec 27, 2024 |
| Previous Close | 9.99 |
| YTD Return | 7.99% |
| 1-Year Return | 9.98% |
| 5-Year Return | 92.20% |
| 52-Week Low | 7.87 |
| 52-Week High | 10.07 |
| Beta (5Y) | n/a |
| Holdings | 506 |
| Inception Date | May 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.
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.
Other Share Classes
These are alternative share classes of the same fund, from the same provider.
| Symbol | Share Class | Expense Ratio |
|---|---|---|
| MXVIX | Investor Class | 0.49% |
Top 10 Holdings
33.11% of assets| Name | Symbol | Weight |
|---|---|---|
| Apple Inc. | AAPL | 6.92% |
| Microsoft Corporation | MSFT | 5.79% |
| NVIDIA Corporation | NVDA | 5.51% |
| Amazon.com, Inc. | AMZN | 3.72% |
| Meta Platforms, Inc. | META | 2.62% |
| Berkshire Hathaway Inc. CL B NEW | BRKB | 2.02% |
| Alphabet Inc. | GOOGL | 1.87% |
| Broadcom Inc. | AVGO | 1.63% |
| Alphabet Inc. | GOOG | 1.53% |
| Tesla, Inc. | TSLA | 1.50% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 27, 2024 | $0.41248 | Dec 30, 2024 |
| Sep 6, 2024 | $0.05521 | Sep 9, 2024 |
| Dec 27, 2023 | $1.51777 | Dec 28, 2023 |
| Sep 6, 2023 | $0.12091 | Sep 7, 2023 |
| Jun 23, 2023 | $0.14052 | Jun 26, 2023 |
| Dec 28, 2022 | $0.34172 | Dec 29, 2022 |