MXAJX Performance — Empower Lifetime 2020 Fund, Class L
Data updated: 2026-08-20
MXAJX returned +1.53% over one year to Mar 2022. Over one year the fund trailed its Target-Date category average: $100 grew to $102, against $103 for the category. Volatility over the past 12 months was 6.51% a year. In the 12 months to Jun 2026 the fund took in a net $212.7M, and assets reached $542.19M.
MXAJX Growth of $100
What $100 invested in Empower Lifetime 2020 Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Target-Date category average over the same months.
| Period | MXAJX | Category average |
|---|---|---|
| 1 year (Apr 2021 – Mar 2022) | $102 | $103 |
| Since data start (Jul 2019 – Mar 2022) | $121 | $128 |
MXAJX Trailing Returns
Total returns to Mar 2022, from SEC N-PORT.
| Period | Total return |
|---|---|
| 1 year | +1.53% |
| 3 years (annualised) | +7.07% |
MXAJX Annual Returns
Calendar-year total returns of Empower Lifetime 2020 Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2022 (Jan–Mar) | −4.72% |
| 2021 | +8.93% |
| 2020 | +10.91% |
| 2019 (Jul–Dec) | +4.83% |
MXAJX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2022 | −3.4% | −1.3% | −0.1% | — | — | — | — | — | — | — | — | — |
| 2021 | −0.1% | +1.2% | +1.1% | +2.4% | +0.9% | +0.4% | +0.9% | +1.0% | −2.3% | +2.2% | −1.3% | +2.2% |
| 2020 | −0.2% | −3.5% | −8.7% | +6.5% | +3.2% | +1.6% | +3.3% | +2.4% | −1.5% | −0.9% | +6.5% | +2.7% |
| 2019 | — | — | — | — | — | — | +0.3% | −0.4% | +0.9% | +1.2% | +1.1% | +1.6% |
MXAJX Risk
Risk measures from monthly returns over Apr 2021 – Mar 2022.
- 1-year volatility (annualised): 6.51%
- Best month: +2.43% (Apr 2021)
- Worst month: −3.37% (Jan 2022)
MXAJX Fund Flows
Monthly money in and out of Empower Lifetime 2020 Fund, from SEC Form N-PORT.
- 12-month net flow: $212.7M
- 12-month gross sales (incl. reinvestments): $1.0B
- Sales ÷ redemptions: 1.27×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $61.2M | $62.9M | −$1.7M |
| May 2026 | $50.7M | $51.8M | −$1.1M |
| Apr 2026 | $46.3M | $44.0M | $2.3M |
| Mar 2026 | $39.6M | $31.3M | $8.3M |
| Feb 2026 | $24.0M | $18.2M | $5.8M |
| Jan 2026 | $11.7M | $10.9M | $739K |
| Dec 2025 | $193.3M | $118.6M | $74.7M |
| Nov 2025 | $144.9M | $106.4M | $38.5M |
| Oct 2025 | $127.1M | $99.5M | $27.6M |
| Sep 2025 | $113.2M | $88.8M | $24.4M |
| Aug 2025 | $102.8M | $81.5M | $21.3M |
| Jul 2025 | $85.6M | $73.6M | $11.9M |
MXAJX Assets Under Management
Net assets of Empower Lifetime 2020 Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $542.19M |
| 2026-03-31 | $519.97M |
| 2025-12-31 | $516.15M |
| 2025-09-30 | $485.57M |
| 2025-06-30 | $449.00M |
| 2025-03-31 | $425.05M |
| 2024-12-31 | $422.06M |
| 2024-09-30 | $414.33M |
| 2024-06-30 | $389.13M |
| 2024-03-31 | $381.66M |
| 2023-12-31 | $367.62M |
| 2023-09-30 | $356.84M |
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.