MXBGX Performance — Empower Lifetime 2040 Fund, Institutional Class
Data updated: 2026-08-20
MXBGX returned +9.54% year to date and +18.13% over one year to Jun 2026. Annualised returns are +14.31% over 3 years and +7.01% 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 $149, against $150 for the category, and to $118 over one year, against $118. Volatility over the past three years was 10.70% a year. In the 12 months to Jun 2026 the fund took in a net $1.2B, and assets reached $1.08B.
MXBGX 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 | MXBGX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $118 | $118 |
| 3 years (Jul 2023 – Jun 2026) | $149 | $150 |
| 5 years (Jul 2021 – Jun 2026) | $140 | $143 |
| Since data start (Jul 2019 – Jun 2026) | $191 | $187 |
MXBGX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +9.54% |
| 1 year | +18.13% |
| 3 years (annualised) | +14.31% |
| 5 years (annualised) | +7.01% |
MXBGX 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) | +9.54% |
| 2025 | +16.20% |
| 2024 | +10.51% |
| 2023 | +14.26% |
| 2022 | −16.00% |
| 2021 | +15.52% |
| 2020 | +14.01% |
| 2019 (Jul–Dec) | +7.55% |
MXBGX 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% | +1.9% | −5.7% | +7.1% | +3.0% | +0.6% | — | — | — | — | — | — |
| 2025 | +2.9% | −0.2% | −2.6% | +0.1% | +4.1% | +3.4% | +0.5% | +2.5% | +2.3% | +1.1% | +0.6% | +0.7% |
| 2024 | −0.5% | +3.3% | +3.0% | −3.6% | +3.7% | +0.6% | +3.0% | +1.8% | +1.7% | −2.5% | +3.5% | −3.5% |
| 2023 | +6.9% | −2.8% | +1.3% | −0.8% | −1.7% | +4.8% | +3.0% | −2.6% | −3.9% | −3.0% | +7.7% | +5.5% |
| 2022 | −4.6% | −2.0% | +0.7% | −6.5% | +0.5% | −7.4% | +6.5% | −3.8% | −8.4% | +5.4% | +7.6% | −3.6% |
| 2021 | +0.1% | +2.8% | +2.4% | +3.6% | +1.4% | +0.5% | +0.5% | +2.0% | −3.6% | +3.8% | −2.3% | +3.8% |
| 2020 | −1.2% | −6.6% | −13.9% | +9.7% | +4.7% | +2.7% | +4.6% | +4.0% | −2.5% | −1.2% | +11.0% | +4.6% |
| 2019 | — | — | — | — | — | — | +0.3% | −1.7% | +1.9% | +2.0% | +2.1% | +2.7% |
MXBGX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 10.70%
- 3-year Sharpe ratio: 0.92 (vs 4.5% risk-free rate)
- Best month: +7.70% (Nov 2023)
- Worst month: −5.65% (Mar 2026)
MXBGX 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 |
MXBGX 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.