About MXLMX
Empower Multi-Sector Bond Fund Investor Class is an open-end mutual fund designed to deliver high total return through a combination of current income and capital appreciation. The strategy invests primarily in fixed income, allocating across multiple sectors including U.S. government obligations, investment-grade and high-yield corporates, securitized assets, and foreign bonds to diversify sources of income and credit risk. Under normal conditions, the portfolio invests at least 80% of assets in fixed income securities and may allocate a substantial sleeve to below-investment-grade issues within a multi-sector framework, aligning with its category’s flexible mandate. The fund exhibits a moderate interest rate profile, with an effective duration positioned around the intermediate range, and distributes income on a semiannual schedule. It has a long operating history since 1994 and seeks to balance relative value, structural fit, and total return potential while maintaining broad diversification, as reflected by a large number of holdings and a low concentration in top positions. This approach positions the fund as a core-plus fixed income option for investors seeking diversified bond exposure across economic cycles.
Fund Family Empower Funds
Category Multisector Bond
Performance Rating Average
Risk Rating Average
Stock Exchange NASDAQ
Ticker Symbol MXLMX
Share Class Investor Class
Index Bloomberg Multiverse TR USD Unhedged
MXLMX had a total return of -0.15% in the past year, including dividends. Since the fund's
inception, the average annual return has been 1.75%.
