C000204669 Fees and Costs — Empower Core Strategies: U.S. Equity Fund, Class L
Data updated: 2026-08-20
The net expense ratio is 1.15%: a 0.47% management fee, a 0.25% 12b-1 fee plus 4.24% other expenses, less a 3.81% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $125K in broker commissions, 0.0186% of average net assets, and portfolio turnover was 28%.
C000204669 Fees and Expenses
Annual operating expenses and sales charges of C000204669. Prospectus, as of August 31, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.47% |
| 12b-1 fee | 0.25% |
| Other expenses | 4.24% |
| Gross expense ratio | 4.96% |
| Fee waiver | −3.81% |
| Net expense ratio | 1.15% |
| 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 |
C000204669 Costs Over Time
On $10,000 invested in C000204669, assuming 5% a year before costs, total costs come to $729 over 5 years, cutting the return by 1.23% 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 1.15%) | $121 | $376 | $651 |
| Trading costs (broker commissions) | $2 | $6 | $11 |
| Lost growth on money paid in costs | $0 | $19 | $67 |
| Total costs | $123 | $401 | $729 |
| Value after costs | $10,377 | $11,175 | $12,034 |
| Impact on return, per year | 1.23% | 1.23% | 1.23% |
C000204669 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): 0.0186%
- Total broker commissions: $125K
- Bought from dealers (principal trades, not a cost): $5.1M
- Portfolio turnover (prospectus): 28%
- Securities on loan, average value: $4.6M
- Net income from securities lending: $14K (0.002% of average net assets)
C000204669 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES LLC | $23K | 27.11% |
| MORGAN STANLEY & CO. LLC | $15K | 17.39% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC | $8K | 9.37% |
| RBC CAPITAL MARKETS, LLC | $7K | 7.59% |
| GOLDMAN SACHS & CO. LLC | $6K | 7.21% |
| CITIGROUP GLOBAL MARKETS INC | $6K | 7.12% |
| JONESTRADING | $6K | 6.84% |
| SANFORD C. BERNSTEIN & CO., LLC | $5K | 6.20% |
| UBS SECURITIES LLC | $5K | 6.11% |
| LIQUIDNET, INC | $4K | 5.06% |
C000204669 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES LLC | $1.1M | 31.58% |
| MORGAN STANLEY & CO. LLC | $637K | 17.52% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC | $311K | 8.56% |
| GOLDMAN SACHS & CO. LLC | $303K | 8.32% |
| UBS SECURITIES LLC | $278K | 7.65% |
| CITIGROUP GLOBAL MARKETS INC | $213K | 5.85% |
| RBC CAPITAL MARKETS, LLC | $202K | 5.55% |
| BOFA SECURITIES, INC | $198K | 5.45% |
| LIQUIDNET, INC | $185K | 5.10% |
| JEFFERIES LLC | $160K | 4.41% |
Empower Core Strategies: U.S. Equity Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| MXEBX | Institutional Class | 0.55% | none |
| MXETX | Investor Class | 0.90% | — |
| C000204669 | Class L | 1.15% | 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.