MXFDX Fees and Costs — Empower Core Bond Fund, Investor Class
Data updated: 2026-08-20
The net expense ratio is 0.70%: a 0.32% management fee plus 0.55% other expenses, less a 0.17% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 197%.
MXFDX Fees and Expenses
Annual operating expenses and sales charges of MXFDX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.32% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.55% |
| Gross expense ratio | 0.87% |
| Fee waiver | −0.17% |
| Net expense ratio | 0.70% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
MXFDX Costs Over Time
On $10,000 invested in MXFDX, assuming 5% a year before costs, total costs come to $440 over 5 years, cutting the return by 0.73% 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 0.70%) | $74 | $230 | $400 |
| Lost growth on money paid in costs | $0 | $11 | $40 |
| Total costs | $74 | $241 | $440 |
| Value after costs | $10,426 | $11,335 | $12,322 |
| Impact on return, per year | 0.73% | 0.73% | 0.73% |
MXFDX 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): $2.8B
- Portfolio turnover (prospectus): 197%
- Securities on loan, average value: $13.3M
- Net income from securities lending: $35K (0.006% of average net assets)
MXFDX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $1.0B | 37.47% |
| CITIGROUP GLOBAL MARKETS INC | $509.7M | 18.89% |
| J.P. MORGAN SECURITIES LLC | $360.1M | 13.34% |
| BARCLAYS CAPITAL INC | $334.8M | 12.40% |
| BNP PARIBAS SECURITIES CORP. | $241.9M | 8.96% |
| WELLS FARGO SECURITIES, LLC | $89.2M | 3.30% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC | $77.4M | 2.87% |
| GOLDMAN SACHS & CO. LLC | $33.0M | 1.22% |
| DEUTSCHE BANK SECURITIES INC | $28.7M | 1.06% |
| RBC CAPITAL MARKETS, LLC | $12.8M | 0.47% |
Empower Core Bond Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| MXIUX | Institutional Class | 0.35% | — |
| MXFDX | Investor Class | 0.70% | — |
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.