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Empower Core Strategies: Flexible Bond Fund
mutual fund
MXEWX
Payout Change
Pending
Price as of:
$8.43
+0.03
+0.36%
primary theme
N/A
share class
MXEWX (Mutual Fund)
Empower Core Strategies: Flexible Bond Fund
Payout Change
Pending
Price as of:
$8.43
+0.03
+0.36%
primary theme
N/A
share class
MXEWX (Mutual Fund)
Empower Core Strategies: Flexible Bond Fund
Payout Change
Pending
Price as of:
$8.43
+0.03
+0.36%
primary theme
N/A
share class
Name
As of 04/29/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
-2.5%
1 yr return
-0.1%
3 Yr Avg Return
-3.9%
5 Yr Avg Return
N/A
Net Assets
$1.72 B
Holdings in Top 10
11.7%
52 WEEK LOW AND HIGH
$8.4
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.80%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 04/29/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
MXEWX - Profile
Distributions
- YTD Total Return -2.5%
- 3 Yr Annualized Total Return -3.9%
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio N/A
- Dividend Yield 4.2%
- Dividend Distribution Frequency SemiAnnual
Fund Details
-
Legal NameEmpower Core Strategies: Flexible Bond Fund
-
Fund Family NameN/A
-
Inception DateSep 03, 2020
-
Shares OutstandingN/A
-
Share ClassInvestor
-
CurrencyUSD
-
Domiciled CountryUS
Fund Description
Below is a summary of the principal investment strategies of the Fund.The Fund will, under normal circumstances, invest at least 80% of its net assets (plus the amount of borrowings for investment purposes) in a diversified portfolio of fixed income securities of any maturity and duration. The fixed income securities in which the Fund may invest include corporate bonds, U.S. government securities, mortgage- and asset-backed securities, and bank loans.The Fund primarily invests in investment grade securities but may also invest up to 35% of its total assets in below investment grade securities (commonly known as “high yield securities” or “junk bonds”).The Fund may invest up to 30% of its total assets in foreign fixed income securities, including emerging markets securities, and the Fund may invest without limitation in obligations of supranational entities (e.g., the World Bank). The Fund may enter into forward roll obligations on U.S. government securities, including mortgage dollar rolls and to-be-announced (“TBA”) securities. The Fund may also invest in derivatives, including but not limited to futures contracts on U.S. Treasury securities.Empower Capital Management, LLC (“ECM”) is the Fund’s investment adviser and, subject to the approval of the Board of Directors of Empower Funds (the “Board”), selects the Fund’s sub-advisers and monitors their performance on an ongoing basis. The Fund’s investment portfolio is managed by two sub-advisers: Loomis, Sayles & Company, L.P. (“Loomis Sayles”) and Western Asset Management Company, LLC (“Western Asset”) (each a “Sub-Adviser,” and collectively, the “Sub-Advisers”).•Loomis Sayles invests in fixed income securities that it believes are attractively valued, based on the credit outlook of an issuer and maximum total return potential.•Western Asset emphasizes long-term fundamental value investing that integrates top-down macroeconomic decisions with bottom-up issuer selection.ECM maintains a strategic allocation of the Fund’s assets with each Sub-Adviser and reviews the asset allocations on a quarterly basis, or more frequently as deemed necessary. As of the date of this Prospectus, the target asset allocation is a 50% allocation of the Fund’s assets to Loomis Sayles and a 50% allocation of the Fund’s assets to Western Asset. Actual allocations may vary from the target allocations and ECM may change the asset allocations at any time without shareholder notice or approval.
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MXEWX - Performance
Return Ranking - Trailing
| Period | MXEWX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -2.5% | N/A | N/A | N/A |
| 1 Yr | -0.1% | N/A | N/A | N/A |
| 3 Yr | -3.9%* | N/A | N/A | N/A |
| 5 Yr | N/A* | N/A | N/A | N/A |
| 10 Yr | N/A* | N/A | N/A | N/A |
* Annualized
Return Ranking - Calendar
| Period | MXEWX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 2.4% | N/A | N/A | N/A |
| 2022 | -14.1% | N/A | N/A | N/A |
| 2021 | -2.1% | N/A | N/A | N/A |
| 2020 | N/A | N/A | N/A | N/A |
| 2019 | N/A | N/A | N/A | N/A |
Total Return Ranking - Trailing
| Period | MXEWX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -2.5% | N/A | N/A | N/A |
| 1 Yr | -0.1% | N/A | N/A | N/A |
| 3 Yr | -3.9%* | N/A | N/A | N/A |
| 5 Yr | N/A* | N/A | N/A | N/A |
| 10 Yr | N/A* | N/A | N/A | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | MXEWX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 6.0% | N/A | N/A | N/A |
| 2022 | -14.1% | N/A | N/A | N/A |
| 2021 | -2.1% | N/A | N/A | N/A |
| 2020 | N/A | N/A | N/A | N/A |
| 2019 | N/A | N/A | N/A | N/A |
NAV & Total Return History
MXEWX - Holdings
Concentration Analysis
| MXEWX | Category Low | Category High | MXEWX % Rank | |
|---|---|---|---|---|
| Net Assets | 1.72 B | N/A | N/A | N/A |
| Number of Holdings | 1074 | N/A | N/A | N/A |
| Net Assets in Top 10 | 201 M | N/A | N/A | N/A |
| Weighting of Top 10 | 11.66% | N/A | N/A | N/A |
Top 10 Holdings
- B 0 06/27/24 2.25%
- B 0 06/13/24 1.50%
- T 4.25 10/15/25 1.25%
- T 3.5 01/31/28 1.19%
- T 2.875 05/15/52 1.06%
- T 1.5 02/29/24 1.03%
- B 0 06/20/24 1.02%
- BOFA SECURITIES INC. SLRPD 5.350% 01/02/2024 0.79%
- HSBC SECURITIES (USA) INC. SLRPD 5.340% 01/02/2024 0.79%
- RBC DOMINION SECURITIES INC. SLRPD 5.340% 01/02/2024 0.79%
Asset Allocation
| Weighting | Return Low | Return High | MXEWX % Rank | |
|---|---|---|---|---|
| Bonds | 80.96% | N/A | N/A | N/A |
| Other | 20.85% | N/A | N/A | N/A |
| Stocks | 0.31% | N/A | N/A | N/A |
| Preferred Stocks | 0.14% | N/A | N/A | N/A |
| Convertible Bonds | 0.00% | N/A | N/A | N/A |
| Cash | 0.00% | N/A | N/A | N/A |
Stock Sector Breakdown
| Weighting | Return Low | Return High | MXEWX % Rank | |
|---|---|---|---|---|
| Utilities | 0.00% | N/A | N/A | N/A |
| Technology | 0.00% | N/A | N/A | N/A |
| Real Estate | 0.00% | N/A | N/A | N/A |
| Industrials | 0.00% | N/A | N/A | N/A |
| Healthcare | 0.00% | N/A | N/A | N/A |
| Financial Services | 0.00% | N/A | N/A | N/A |
| Energy | 0.00% | N/A | N/A | N/A |
| Communication Services | 0.00% | N/A | N/A | N/A |
| Consumer Defense | 0.00% | N/A | N/A | N/A |
| Consumer Cyclical | 0.00% | N/A | N/A | N/A |
| Basic Materials | 0.00% | N/A | N/A | N/A |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | MXEWX % Rank | |
|---|---|---|---|---|
| US | 0.31% | N/A | N/A | N/A |
| Non US | 0.00% | N/A | N/A | N/A |
Bond Sector Breakdown
| Weighting | Return Low | Return High | MXEWX % Rank | |
|---|---|---|---|---|
| Derivative | 0.76% | N/A | N/A | N/A |
| Cash & Equivalents | 0.00% | N/A | N/A | N/A |
| Securitized | 0.00% | N/A | N/A | N/A |
| Corporate | 0.00% | N/A | N/A | N/A |
| Municipal | 0.00% | N/A | N/A | N/A |
| Government | 0.00% | N/A | N/A | N/A |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | MXEWX % Rank | |
|---|---|---|---|---|
| US | 80.06% | N/A | N/A | N/A |
| Non US | 0.90% | N/A | N/A | N/A |
MXEWX - Expenses
Operational Fees
| MXEWX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.80% | N/A | N/A | N/A |
| Management Fee | 0.38% | N/A | N/A | N/A |
| 12b-1 Fee | N/A | N/A | N/A | N/A |
| Administrative Fee | N/A | N/A | N/A | N/A |
Sales Fees
| MXEWX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | N/A | N/A | N/A |
| Deferred Load | N/A | N/A | N/A | N/A |
Trading Fees
| MXEWX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | N/A | N/A | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| MXEWX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | N/A | N/A | N/A | N/A |
MXEWX - Distributions
Dividend Yield Analysis
| MXEWX | Category Low | Category High | MXEWX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 4.24% | N/A | N/A | N/A |
Dividend Distribution Analysis
| MXEWX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | SemiAnnual |
Net Income Ratio Analysis
| MXEWX | Category Low | Category High | MXEWX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | N/A | N/A | N/A | N/A |
Capital Gain Distribution Analysis
| MXEWX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 28, 2023 | $0.179 | OrdinaryDividend |
| Jun 26, 2023 | $0.125 | OrdinaryDividend |
