C000119488 Fees and Costs — Empower Real Estate Index Fund, Class L
Data updated: 2026-08-20
The net expense ratio is 0.95%: a 0.34% management fee, a 0.25% 12b-1 fee plus 0.46% other expenses, less a 0.10% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $21K in broker commissions, 0.0021% of average net assets, and portfolio turnover was 2%.
C000119488 Fees and Expenses
Annual operating expenses and sales charges of C000119488. Prospectus, as of April 30, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.34% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.46% |
| Gross expense ratio | 1.05% |
| Fee waiver | −0.10% |
| Net expense ratio | 0.95% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
C000119488 Costs Over Time
On $10,000 invested in C000119488, assuming 5% a year before costs, total costs come to $596 over 5 years, cutting the return by 1.00% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.95%) | $100 | $311 | $540 |
| Trading costs (broker commissions) | $0 | $1 | $1 |
| Lost growth on money paid in costs | $0 | $15 | $55 |
| Total costs | $100 | $328 | $596 |
| Value after costs | $10,400 | $11,249 | $12,167 |
| Impact on return, per year | 1.00% | 1.00% | 1.00% |
C000119488 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0021%
- Total broker commissions: $21K
- Bought from dealers (principal trades, not a cost): $9.4M
- Portfolio turnover (prospectus): 2%
- Securities on loan, average value: $7.5M
- Net income from securities lending: $23K (0.002% of average net assets)
C000119488 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| ALLIANCEBERNSTEIN L.P. | $7K | 35.06% |
| BOFA SECURITIES, INC | $5K | 21.15% |
| BARINGS SECURITIES LLC | $3K | 14.37% |
| GOLDMAN SACHS & CO. LLC | $3K | 12.77% |
| UBS SECURITIES LLC | $2K | 11.42% |
| RBC CAPITAL MARKETS, LLC | $1K | 5.22% |
C000119488 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BOFA SECURITIES, INC | $4.2M | 44.85% |
| GOLDMAN SACHS & CO. LLC | $1.6M | 16.73% |
| BARINGS SECURITIES LLC | $1.3M | 13.45% |
| UBS SECURITIES LLC | $1.2M | 12.84% |
| ALLIANCEBERNSTEIN L.P. | $750K | 7.95% |
| RBC CAPITAL MARKETS, LLC | $396K | 4.20% |
Empower Real Estate Index Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| MXSFX | Institutional Class | 0.30% | — |
| MXREX | Investor Class | 0.65% | — |
| C000119488 | Class L | 0.95% | — |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.