MXBIX Fees and Costs — Empower Bond Index Fund, Investor Class
Data updated: 2026-08-20
The net expense ratio is 0.49%: a 0.12% management fee plus 0.37% other expenses. There are no sales loads or redemption fees. Portfolio turnover was 21%.
MXBIX Fees and Expenses
Annual operating expenses and sales charges of MXBIX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.12% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.37% |
| Gross expense ratio | 0.49% |
| Fee waiver | — |
| Net expense ratio | 0.49% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | Yes |
MXBIX Costs Over Time
On $10,000 invested in MXBIX, assuming 5% a year before costs, total costs come to $310 over 5 years, cutting the return by 0.51% 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 0.49%) | $51 | $161 | $281 |
| Lost growth on money paid in costs | $0 | $8 | $28 |
| Total costs | $51 | $169 | $310 |
| Value after costs | $10,449 | $11,407 | $12,453 |
| Impact on return, per year | 0.51% | 0.51% | 0.51% |
MXBIX 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): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $2.2B
- Portfolio turnover (prospectus): 21%
- Securities on loan, average value: $28.4M
- Net income from securities lending: $115K (0.003% of average net assets)
MXBIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES LLC | $358.8M | 21.41% |
| CITIGROUP GLOBAL MARKETS INC | $297.2M | 17.73% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC | $164.6M | 9.82% |
| MORGAN STANLEY & CO. LLC | $164.1M | 9.79% |
| BARCLAYS CAPITAL INC | $129.3M | 7.72% |
| GOLDMAN SACHS & CO. LLC | $128.3M | 7.66% |
| BANC ONE CAPITAL MARKETS, INC. | $116.5M | 6.95% |
| TD SECURITIES (USA) LLC | $114.5M | 6.84% |
| WELLS FARGO SECURITIES, LLC | $104.0M | 6.21% |
| BANK OF MONTREAL | $98.3M | 5.87% |
Empower Bond Index Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| MXCOX | Institutional Class | 0.13% | — |
| MXBIX | Investor Class | 0.49% | — |
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.