MXENX Performance — Empower Emerging Markets Equity Fund, Institutional Class
Data updated: 2026-08-20
MXENX returned +29.16% year to date and +49.23% over one year to Jun 2026. Annualised returns are +25.36% over 3 years and +8.29% over 5 years. The fund beat its Emerging Markets Equity category average: $100 invested three years ago grew to $197, against $179 for the category, and to $149 over one year, against $141. Volatility over the past three years was 16.34% a year. In the 12 months to Jun 2026 the fund lost a net $849.4M, and assets reached $1.96B.
MXENX Growth of $100
What $100 invested in Empower Emerging Markets Equity Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Emerging Markets Equity category average over the same months.
| Period | MXENX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $149 | $141 |
| 3 years (Jul 2023 – Jun 2026) | $197 | $179 |
| 5 years (Jul 2021 – Jun 2026) | $149 | $144 |
| Since data start (Jul 2019 – Jun 2026) | $208 | $195 |
MXENX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +29.16% |
| 1 year | +49.23% |
| 3 years (annualised) | +25.36% |
| 5 years (annualised) | +8.29% |
MXENX Annual Returns
Calendar-year total returns of Empower Emerging Markets Equity Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +29.16% |
| 2025 | +33.33% |
| 2024 | +10.23% |
| 2023 | +12.28% |
| 2022 | −22.09% |
| 2021 | −4.08% |
| 2020 | +20.05% |
| 2019 (Jul–Dec) | +8.82% |
MXENX 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 | +9.0% | +6.7% | −10.8% | +14.9% | +7.9% | +0.6% | — | — | — | — | — | — |
| 2025 | +1.3% | +0.3% | +1.1% | +0.3% | +4.8% | +6.8% | +0.8% | +2.5% | +6.5% | +4.0% | −1.8% | +2.7% |
| 2024 | −2.7% | +5.7% | +2.1% | −0.3% | +1.8% | +3.2% | +0.4% | +1.1% | +5.6% | −3.6% | −2.4% | −0.5% |
| 2023 | +9.4% | −7.3% | +3.0% | +1.0% | −1.4% | +4.0% | +5.5% | −5.7% | −2.3% | −3.5% | +6.8% | +3.5% |
| 2022 | −0.3% | −5.0% | −4.3% | −5.1% | +0.9% | −6.8% | −0.5% | −0.5% | −10.4% | −3.1% | +16.2% | −3.6% |
| 2021 | +3.5% | +0.9% | −1.0% | +1.3% | +0.9% | +1.2% | −7.2% | +1.6% | −3.9% | +0.9% | −4.7% | +2.8% |
| 2020 | −4.6% | −3.4% | −16.5% | +7.9% | +2.8% | +7.1% | +9.9% | +1.7% | −1.6% | +2.8% | +8.2% | +7.2% |
| 2019 | — | — | — | — | — | — | −1.8% | −3.4% | +2.2% | +4.6% | −0.5% | +7.8% |
MXENX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 16.34%
- 3-year Sharpe ratio: 1.28 (vs 4.5% risk-free rate)
- Best month: +14.86% (Apr 2026)
- Worst month: −10.84% (Mar 2026)
MXENX Fund Flows
Monthly money in and out of Empower Emerging Markets Equity Fund, from SEC Form N-PORT.
- 12-month net flow: −$849.4M
- 12-month gross sales (incl. reinvestments): $2.4B
- Sales ÷ redemptions: 0.74×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $136.0M | $414.0M | −$278.0M |
| May 2026 | $113.9M | $268.3M | −$154.4M |
| Apr 2026 | $93.7M | $222.0M | −$128.3M |
| Mar 2026 | $71.0M | $185.5M | −$114.5M |
| Feb 2026 | $47.0M | $92.8M | −$45.8M |
| Jan 2026 | $24.5M | $47.4M | −$22.9M |
| Dec 2025 | $416.2M | $409.4M | $6.8M |
| Nov 2025 | $363.6M | $386.1M | −$22.5M |
| Oct 2025 | $333.2M | $366.1M | −$32.9M |
| Sep 2025 | $301.1M | $326.7M | −$25.5M |
| Aug 2025 | $259.2M | $267.8M | −$8.6M |
| Jul 2025 | $226.2M | $249.2M | −$22.9M |
MXENX Assets Under Management
Net assets of Empower Emerging Markets Equity Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $1.96B |
| 2026-03-31 | $1.70B |
| 2025-12-31 | $1.75B |
| 2025-09-30 | $1.66B |
| 2025-06-30 | $1.50B |
| 2025-03-31 | $1.34B |
| 2024-12-31 | $1.33B |
| 2024-09-30 | $1.37B |
| 2024-06-30 | $1.20B |
| 2024-03-31 | $921.04M |
| 2023-12-31 | $869.02M |
| 2023-09-30 | $619.54M |
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.