Empower Real Estate Index Fund Investor Class (MXREX)
| Fund Assets | 953.50M |
| Expense Ratio | 0.65% |
| Min. Investment | $0.00 |
| Turnover | 18.00% |
| Dividend (ttm) | 0.81 |
| Dividend Yield | 6.77% |
| Dividend Growth | 270.02% |
| Payout Frequency | Semi-Annual |
| Ex-Dividend Date | Dec 27, 2024 |
| Previous Close | 12.09 |
| YTD Return | 0.25% |
| 1-Year Return | 2.73% |
| 5-Year Return | 36.04% |
| 52-Week Low | 10.64 |
| 52-Week High | 13.88 |
| Beta (5Y) | 1.06 |
| Holdings | 106 |
| Inception Date | Nov 27, 2012 |
About MXREX
Empower Real Estate Index Fund Investor Class is a mutual fund focused on providing investors exposure to the U.S. real estate sector through a passively managed, index-tracking strategy. The fund seeks investment results that closely mirror the total return of the Dow Jones US Select REIT Index, which measures the performance of publicly traded real estate investment trusts (REITs) in the United States. This approach allows the fund to offer broad diversification across real estate sub-industries, including industrial, healthcare, retail, storage, and residential property segments. The fund typically invests at least 80% of its net assets in securities found within its benchmark index, employing a replication strategy to closely match the index's composition. Its portfolio is comprised of more than 100 holdings, with the top ten accounting for just over half of the fund’s total assets. Notable positions include leading REITs such as Prologis, Equinix, Welltower, and Simon Property Group. MXREX is recognized for its relatively low expense ratio within its category and aims to provide income and capital appreciation potential through the underlying performance of U.S. REITs. The fund plays a key role for investors seeking targeted real estate exposure within a diversified portfolio.
Performance
MXREX had a total return of 2.73% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.00%.
Other Share Classes
These are alternative share classes of the same fund, from the same provider.
| Symbol | Share Class | Expense Ratio |
|---|---|---|
| MXSFX | Institutional Class | 0.30% |
Top 10 Holdings
52.97% of assets| Name | Symbol | Weight |
|---|---|---|
| Prologis, Inc. | PLD | 9.75% |
| Welltower Inc. | WELL | 8.79% |
| Equinix, Inc. | EQIX | 7.47% |
| Simon Property Group, Inc. | SPG | 4.80% |
| Realty Income Corporation | O | 4.78% |
| Public Storage | PSA | 4.44% |
| Digital Realty Trust, Inc. | DLR | 4.27% |
| Extra Space Storage Inc. | EXR | 2.96% |
| AvalonBay Communities, Inc. | AVB | 2.87% |
| Ventas, Inc. | VTR | 2.83% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 27, 2024 | $0.72336 | Dec 30, 2024 |
| Sep 6, 2024 | $0.09132 | Sep 9, 2024 |
| Dec 27, 2023 | $0.08785 | Dec 28, 2023 |
| Jun 23, 2023 | $0.13232 | Jun 26, 2023 |
| Dec 28, 2022 | $0.39165 | Dec 29, 2022 |
| Sep 6, 2022 | $0.01422 | Sep 7, 2022 |