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
Performance Rating Above Average
Risk Rating Average
Stock Exchange Nasdaq
Ticker Symbol MXKWX
Share Class Institutional Class
Index S&P 500 TR
MXKWX had a total return of 16.08% in the past year, including dividends. Since the fund's
inception, the average annual return has been 13.55%.
