Empower Large Cap Growth Fund Investor Class (MXLGX)
| Fund Assets | 1.76B |
| Expense Ratio | 0.98% |
| Min. Investment | $0.00 |
| Turnover | 31.00% |
| Dividend (ttm) | 1.00 |
| Dividend Yield | 8.94% |
| Dividend Growth | 262.98% |
| Payout Frequency | Semi-Annual |
| Ex-Dividend Date | Dec 27, 2024 |
| Previous Close | 11.18 |
| YTD Return | 8.72% |
| 1-Year Return | 4.60% |
| 5-Year Return | 82.47% |
| 52-Week Low | 8.60 |
| 52-Week High | 11.72 |
| Beta (5Y) | 1.21 |
| Holdings | 96 |
| Inception Date | May 21, 2003 |
About MXLGX
The Empower Large Cap Growth Fund Investor Class is a mutual fund focused on achieving long-term capital appreciation by investing primarily in large-cap U.S. companies with strong growth potential. The fund typically allocates at least 80% of its net assets to equities with market capitalizations of $7 billion or more at the time of purchase, reflecting a growth-oriented investment strategy. Its portfolio is concentrated in leading sectors such as technology, consumer cyclicals, communication services, healthcare, and financial services, with significant holdings in prominent firms like Microsoft, Amazon.com, Alphabet, and NVIDIA. The fund is actively managed, with an emphasis on identifying companies expected to benefit from above-average earnings growth. With a history dating back to 2003, the Empower Large Cap Growth Fund Investor Class is designed for investors seeking exposure to the large-cap growth segment of the U.S. equity market. It is classified in the large growth category and is benchmarked against major indices like the S&P 500 or Russell 1000 Growth. The fund features an above-average expense ratio relative to peers and may also invest in foreign and emerging market securities for diversification. Its role in the market is to provide investors with potential for capital growth through strategic exposure to industry leaders and innovators.
Performance
MXLGX had a total return of 4.60% in the past year, including dividends. Since the fund's inception, the average annual return has been 5.16%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| FLGEX | Fidelity | Fidelity Large Cap Growth Enhanced Index Fund | 0.39% |
| FBCGX | Fidelity | Fidelity Blue Chip Growth K6 Fund | 0.46% |
| FHOFX | Fidelity | Fidelity Series Large Cap Growth Index Fund | n/a |
| LGILX | Schwab | Schwab Select Large Cap Growth Fund | 0.75% |
| FBGRX | Fidelity | Fidelity Blue Chip Growth Fund | 0.69% |
Other Share Classes
These are alternative share classes of the same fund, from the same provider.
| Symbol | Share Class | Expense Ratio |
|---|---|---|
| MXGSX | Institutional Class | 0.62% |
Top 10 Holdings
40.71% of assets| Name | Symbol | Weight |
|---|---|---|
| Microsoft Corporation | MSFT | 6.32% |
| Amazon.com, Inc. | AMZN | 6.32% |
| Apple Inc. | AAPL | 5.91% |
| Mastercard Incorporated | MA | 4.14% |
| NVIDIA Corporation | NVDA | 4.08% |
| Alphabet Inc. | GOOG | 3.39% |
| Eli Lilly and Company | LLY | 3.04% |
| Meta Platforms, Inc. | META | 2.89% |
| Visa Inc. | V | 2.63% |
| Uber Technologies, Inc. | UBER | 1.99% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 27, 2024 | $0.93358 | Dec 30, 2024 |
| Sep 6, 2024 | $0.06992 | Sep 9, 2024 |
| Dec 27, 2023 | $0.2672 | Dec 28, 2023 |
| Sep 6, 2023 | $0.00614 | Sep 7, 2023 |
| Jun 23, 2023 | $0.00312 | Jun 26, 2023 |
| Dec 28, 2022 | $0.36965 | Dec 29, 2022 |