MXBDX Performance — Empower Lifetime 2040 Fund, Investor Class
Data updated: 2026-08-20
MXBDX returned +9.39% year to date and +17.69% over one year to Jun 2026. Annualised returns are +13.93% over 3 years and +6.64% over 5 years. Against its Target-Date category average the fund came out behind over three years but ahead over one: $100 invested three years ago grew to $148, against $150 for the category, and to $118 over one year, against $118. Volatility over the past three years was 10.72% a year. In the 12 months to Jun 2026 the fund took in a net $1.2B, and assets reached $1.08B.
MXBDX Growth of $100
What $100 invested in Empower Lifetime 2040 Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Target-Date category average over the same months.
| Period | MXBDX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $118 | $118 |
| 3 years (Jul 2023 – Jun 2026) | $148 | $150 |
| 5 years (Jul 2021 – Jun 2026) | $138 | $143 |
| Since data start (Jul 2019 – Jun 2026) | $187 | $187 |
MXBDX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +9.39% |
| 1 year | +17.69% |
| 3 years (annualised) | +13.93% |
| 5 years (annualised) | +6.64% |
MXBDX Annual Returns
Calendar-year total returns of Empower Lifetime 2040 Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +9.39% |
| 2025 | +15.68% |
| 2024 | +10.19% |
| 2023 | +13.87% |
| 2022 | −16.30% |
| 2021 | +15.11% |
| 2020 | +13.60% |
| 2019 (Jul–Dec) | +7.41% |
MXBDX 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +2.6% | +1.8% | −5.6% | +7.1% | +2.9% | +0.6% | — | — | — | — | — | — |
| 2025 | +2.8% | −0.2% | −2.7% | 0.0% | +4.1% | +3.4% | +0.4% | +2.5% | +2.2% | +1.1% | +0.6% | +0.5% |
| 2024 | −0.6% | +3.3% | +3.0% | −3.6% | +3.6% | +0.6% | +3.0% | +1.8% | +1.5% | −2.5% | +3.5% | −3.5% |
| 2023 | +6.9% | −2.8% | +1.2% | −0.8% | −1.8% | +4.8% | +3.0% | −2.7% | −4.0% | −3.1% | +7.8% | +5.5% |
| 2022 | −4.7% | −2.0% | +0.7% | −6.5% | +0.5% | −7.4% | +6.5% | −3.9% | −8.4% | +5.4% | +7.5% | −3.6% |
| 2021 | 0.0% | +2.8% | +2.3% | +3.6% | +1.4% | +0.4% | +0.5% | +1.9% | −3.6% | +3.7% | −2.3% | +3.8% |
| 2020 | −1.3% | −6.5% | −14.0% | +9.8% | +4.6% | +2.6% | +4.5% | +4.0% | −2.5% | −1.2% | +10.9% | +4.6% |
| 2019 | — | — | — | — | — | — | +0.2% | −1.6% | +1.8% | +2.0% | +2.1% | +2.7% |
MXBDX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 10.72%
- 3-year Sharpe ratio: 0.88 (vs 4.5% risk-free rate)
- Best month: +7.78% (Nov 2023)
- Worst month: −5.64% (Mar 2026)
MXBDX Fund Flows
Monthly money in and out of Empower Lifetime 2040 Fund, from SEC Form N-PORT.
- 12-month net flow: $1.2B
- 12-month gross sales (incl. reinvestments): $2.6B
- Sales ÷ redemptions: 1.86×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $200.3M | $114.9M | $85.4M |
| May 2026 | $161.6M | $93.9M | $67.7M |
| Apr 2026 | $134.4M | $72.1M | $62.3M |
| Mar 2026 | $105.0M | $59.5M | $45.5M |
| Feb 2026 | $71.5M | $37.9M | $33.6M |
| Jan 2026 | $38.3M | $21.4M | $16.9M |
| Dec 2025 | $453.9M | $208.6M | $245.3M |
| Nov 2025 | $378.7M | $195.1M | $183.5M |
| Oct 2025 | $331.8M | $183.5M | $148.3M |
| Sep 2025 | $284.9M | $157.2M | $127.6M |
| Aug 2025 | $245.6M | $141.7M | $104.0M |
| Jul 2025 | $216.9M | $127.6M | $89.3M |
MXBDX Assets Under Management
Net assets of Empower Lifetime 2040 Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $1.08B |
| 2026-03-31 | $938.69M |
| 2025-12-31 | $905.22M |
| 2025-09-30 | $806.75M |
| 2025-06-30 | $705.49M |
| 2025-03-31 | $606.09M |
| 2024-12-31 | $591.65M |
| 2024-09-30 | $579.38M |
| 2024-06-30 | $511.09M |
| 2024-03-31 | $471.91M |
| 2023-12-31 | $418.38M |
| 2023-09-30 | $368.21M |
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.