C000204661 Fees and Costs — Empower Core Strategies: Flexible Bond Fund, Class L
Data updated: 2026-08-27
The net expense ratio is 1.05%: a 0.38% management fee, a 0.25% 12b-1 fee plus 5.45% other expenses, less a 5.03% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $4K in broker commissions, 0.0003% of average net assets, and portfolio turnover was 98%.
C000204661 Fees and Expenses
Annual operating expenses and sales charges of C000204661. Prospectus, as of August 31, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.38% |
| 12b-1 fee | 0.25% |
| Other expenses | 5.45% |
| Gross expense ratio | 6.08% |
| Fee waiver | −5.03% |
| Net expense ratio | 1.05% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | 0.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
C000204661 Costs Over Time
On $10,000 invested in C000204661, assuming 5% a year before costs, total costs come to $656 over 5 years, cutting the return by 1.10% 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 1.05%) | $110 | $344 | $596 |
| Trading costs (broker commissions) | $0 | $0 | $0 |
| Lost growth on money paid in costs | $0 | $17 | $60 |
| Total costs | $110 | $361 | $656 |
| Value after costs | $10,390 | $11,215 | $12,107 |
| Impact on return, per year | 1.10% | 1.10% | 1.10% |
C000204661 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): 0.0003%
- Total broker commissions: $4K
- Bought from dealers (principal trades, not a cost): $3.4B
- Portfolio turnover (prospectus): 98%
- Securities on loan, average value: $12.1M
- Net income from securities lending: $59K (0.004% of average net assets)
C000204661 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES LLC | $3K | 81.59% |
| MORGAN STANLEY & CO. LLC | $421 | 10.75% |
| GOLDMAN SACHS & CO. LLC | $285 | 7.28% |
| LIQUIDNET, INC | $13 | 0.34% |
| LOOMIS, SAYLES & COMPANY, L.P. | $2 | 0.04% |
C000204661 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC | $705.6M | 23.73% |
| GOLDMAN SACHS & CO. LLC | $448.4M | 15.08% |
| WELLS FARGO SECURITIES, LLC | $417.7M | 14.05% |
| MORGAN STANLEY & CO. LLC | $392.5M | 13.20% |
| CITIGROUP GLOBAL MARKETS INC | $390.9M | 13.15% |
| J.P. MORGAN SECURITIES LLC | $243.2M | 8.18% |
| HSBC SECURITIES (USA) INC | $116.4M | 3.92% |
| SANTANDER SECURITIES | $89.6M | 3.01% |
| BARCLAYS CAPITAL INC | $86.6M | 2.91% |
| BANK OF MONTREAL | $82.1M | 2.76% |
Empower Core Strategies: Flexible Bond Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| MXEDX | Institutional Class | 0.45% | none |
| MXEWX | Investor Class | 0.80% | — |
| C000204661 | Class L | 1.05% | none |
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.