Empower Short Duration Bond Instl (MXXJX)
| Fund Assets | 489.61M |
| Expense Ratio | 0.24% |
| Min. Investment | $0.00 |
| Turnover | 96.00% |
| Dividend (ttm) | 0.51 |
| Dividend Yield | 5.12% |
| Dividend Growth | n/a |
| Payout Frequency | Quarterly |
| Ex-Dividend Date | Sep 5, 2025 |
| Previous Close | 9.89 |
| YTD Return | 4.33% |
| 1-Year Return | -0.80% |
| 5-Year Return | 7.05% |
| 52-Week Low | 9.47 |
| 52-Week High | 10.01 |
| Beta (5Y) | n/a |
| Holdings | 422 |
| Inception Date | May 1, 2015 |
About MXXJX
Empower Short Duration Bond Fund – Institutional Class is an open-end mutual fund focused on high-quality, short-maturity fixed income. Its primary objective is preservation of capital and liquidity while seeking total return from income and modest price appreciation, achieved through an actively managed portfolio of investment‑grade bonds with short interest-rate sensitivity. The strategy emphasizes short-term corporate and government securities, aligning with the short-term bond category to temper duration risk and dampen volatility relative to core bond funds. Notable portfolio exposures often include U.S. Treasuries and large financial issuers, reflecting a credit profile oriented to investment-grade quality. Designed for institutions and sophisticated investors who prioritize stability and efficient cash management, the fund can serve as a ballast within diversified fixed-income allocations, a parking vehicle for near‑term capital needs, or a complement to longer-duration strategies. Its institutional share class structure pairs active security selection with a disciplined risk framework aimed at navigating shifting rate cycles while maintaining liquidity characteristics typical of short-duration mandates.
Performance
MXXJX had a total return of -0.80% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.97%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| FYBTX | Fidelity | Fidelity Series Short-Term Credit | 0.45% |
Other Share Classes
These are alternative share classes of the same fund, from the same provider.
| Symbol | Share Class | Expense Ratio |
|---|---|---|
| MXSDX | Investor Class | 0.59% |
Top 10 Holdings
17.34% of assets| Name | Symbol | Weight |
|---|---|---|
| United States Treasury Notes - T 3.875 05/31/27 | T | 6.04% |
| Federal Home Loan Banks - FHLBDN 0 07/28/25 | FHLB | 4.22% |
| Bank of America Corp. - BAC V6.204 11/10/28 | BAC | 1.28% |
| Ally Financial Inc. - ALLY 5.75 11/20/25 | ALLY | 1.09% |
| The Boeing Company - BA 2.75 02/01/26 | BA | 0.91% |
| Sprint Capital Corporation - S 6.875 11/15/28 | S | 0.83% |
| Athene Global Funding - ATH 1.73 10/02/26 144A | ATH | 0.75% |
| Targa Resources Corp. 0% CP 01/07/2025 | TRGP | 0.74% |
| Banco Santander, S.A. - SANTAN V1.722 09/14/27 | SANTAN | 0.74% |
| Morgan Stanley - MS 3.95 04/23/27 | MS | 0.73% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Sep 5, 2025 | $0.01394 | Sep 8, 2025 |
| Dec 27, 2024 | $0.49229 | Dec 30, 2024 |
| Dec 27, 2023 | $0.06686 | Dec 28, 2023 |
| Sep 26, 2023 | $0.07853 | Sep 27, 2023 |
| Sep 6, 2023 | $0.0057 | Sep 7, 2023 |
| Jun 23, 2023 | $0.076 | Jun 26, 2023 |