MXBFX Performance — Empower Lifetime 2040 Fund, Class L
Data updated: 2026-08-20
MXBFX returned +2.72% over one year to Mar 2022. Over one year the fund trailed its Target-Date category average: $100 grew to $103, against $103 for the category. Volatility over the past 12 months was 9.90% a year. In the 12 months to Jun 2026 the fund took in a net $1.2B, and assets reached $1.08B.
MXBFX 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 | MXBFX | Category average |
|---|---|---|
| 1 year (Apr 2021 – Mar 2022) | $103 | $103 |
| Since data start (Jul 2019 – Mar 2022) | $131 | $128 |
MXBFX Trailing Returns
Total returns to Mar 2022, from SEC N-PORT.
| Period | Total return |
|---|---|
| 1 year | +2.72% |
| 3 years (annualised) | +10.36% |
MXBFX 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 |
|---|---|
| 2022 (Jan–Mar) | −5.94% |
| 2021 | +14.72% |
| 2020 | +13.31% |
| 2019 (Jul–Dec) | +7.25% |
MXBFX 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 | −4.7% | −2.0% | +0.7% | — | — | — | — | — | — | — | — | — |
| 2021 | 0.0% | +2.7% | +2.3% | +3.6% | +1.3% | +0.4% | +0.4% | +1.9% | −3.6% | +3.7% | −2.3% | +3.7% |
| 2020 | −1.3% | −6.6% | −13.9% | +9.8% | +4.6% | +2.6% | +4.5% | +3.9% | −2.5% | −1.2% | +10.9% | +4.5% |
| 2019 | — | — | — | — | — | — | +0.2% | −1.7% | +1.8% | +2.1% | +2.0% | +2.7% |
MXBFX Risk
Risk measures from monthly returns over Apr 2021 – Mar 2022.
- 1-year volatility (annualised): 9.90%
- Best month: +3.71% (Dec 2021)
- Worst month: −4.67% (Jan 2022)
MXBFX 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 |
MXBFX 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.