MXHAX Fees and Costs — Empower Large Cap Value Fund, Investor II Class
Data updated: 2026-08-20
The net expense ratio is 0.81%: a 0.59% management fee plus 0.38% other expenses, less a 0.16% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $182K in broker commissions, 0.0106% of average net assets, and portfolio turnover was 27%.
MXHAX Fees and Expenses
Annual operating expenses and sales charges of MXHAX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.59% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.38% |
| Gross expense ratio | 0.97% |
| Fee waiver | −0.16% |
| Net expense ratio | 0.81% |
| 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 |
MXHAX Costs Over Time
On $10,000 invested in MXHAX, assuming 5% a year before costs, total costs come to $515 over 5 years, cutting the return by 0.86% 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 0.81%) | $85 | $266 | $462 |
| Trading costs (broker commissions) | $1 | $3 | $6 |
| Lost growth on money paid in costs | $0 | $13 | $47 |
| Total costs | $86 | $283 | $515 |
| Value after costs | $10,414 | $11,294 | $12,248 |
| Impact on return, per year | 0.86% | 0.86% | 0.86% |
MXHAX 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): 0.0106%
- Total broker commissions: $182K
- Bought from dealers (principal trades, not a cost): $11.7M
- Portfolio turnover (prospectus): 27%
- Securities on loan, average value: $3.7M
- Net income from securities lending: $23K (0.001% of average net assets)
MXHAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO. LLC | $23K | 18.00% |
| CITIGROUP GLOBAL MARKETS INC | $23K | 17.61% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC | $22K | 17.23% |
| J.P. MORGAN SECURITIES LLC | $15K | 11.26% |
| RBC CAPITAL MARKETS, LLC | $12K | 8.95% |
| MORGAN STANLEY & CO. LLC | $9K | 6.71% |
| JANE STREET CAPITAL, LLC | $7K | 5.61% |
| UBS SECURITIES LLC | $7K | 5.37% |
| JONESTRADING | $6K | 4.65% |
| JEFFERIES LLC | $6K | 4.62% |
MXHAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO. LLC | $1.8M | 20.21% |
| CITIGROUP GLOBAL MARKETS INC | $1.4M | 15.69% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC | $1.4M | 15.54% |
| MORGAN STANLEY & CO. LLC | $1.1M | 12.69% |
| J.P. MORGAN SECURITIES LLC | $1.0M | 11.55% |
| JANE STREET CAPITAL, LLC | $579K | 6.59% |
| RBC CAPITAL MARKETS, LLC | $508K | 5.79% |
| JEFFERIES LLC | $454K | 5.17% |
| UBS SECURITIES LLC | $317K | 3.60% |
| BARCLAYS CAPITAL INC | $278K | 3.17% |
Empower Large Cap Value Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| MXVHX | Institutional Class | 0.60% | — |
| MXHAX | Investor II Class | 0.81% | — |
| MXEQX | Investor Class | 0.96% | — |
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.