MXHAX Performance — Empower Large Cap Value Fund, Investor II Class
Data updated: 2026-08-20
MXHAX returned +12.15% year to date and +23.42% over one year to Jun 2026. Annualised returns are +17.62% over 3 years and +11.11% over 5 years. The fund beat its US Large Value category average: $100 invested three years ago grew to $163, against $158 for the category, and to $123 over one year, against $121. Volatility over the past three years was 11.59% a year. In the 12 months to Jun 2026 the fund took in a net $695.0M, and assets reached $2.25B.
MXHAX Growth of $100
What $100 invested in Empower Large Cap Value Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the US Large Value category average over the same months.
| Period | MXHAX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $123 | $121 |
| 3 years (Jul 2023 – Jun 2026) | $163 | $158 |
| 5 years (Jul 2021 – Jun 2026) | $169 | $165 |
| Since data start (Jul 2019 – Jun 2026) | $228 | $223 |
MXHAX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +12.15% |
| 1 year | +23.42% |
| 3 years (annualised) | +17.62% |
| 5 years (annualised) | +11.11% |
MXHAX Annual Returns
Calendar-year total returns of Empower Large Cap Value Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +12.15% |
| 2025 | +17.12% |
| 2024 | +15.51% |
| 2023 | +8.44% |
| 2022 | −3.41% |
| 2021 | +26.15% |
| 2020 | +3.89% |
| 2019 (Jul–Dec) | +9.28% |
MXHAX 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 | +3.6% | +2.2% | −4.7% | +6.9% | +2.2% | +1.8% | — | — | — | — | — | — |
| 2025 | +4.5% | +0.8% | −2.1% | −3.7% | +3.9% | +3.1% | +0.2% | +3.7% | +1.0% | +0.3% | +2.6% | +1.9% |
| 2024 | +0.5% | +4.3% | +5.8% | −2.8% | +3.7% | −0.5% | +3.7% | +2.3% | +0.7% | −1.0% | +5.1% | −6.4% |
| 2023 | +5.2% | −2.8% | −1.6% | −1.8% | −4.2% | +6.9% | +3.7% | −3.3% | −2.8% | −2.5% | +7.1% | +5.3% |
| 2022 | −0.4% | −0.3% | +2.2% | −5.1% | +2.8% | −8.6% | +5.7% | −1.8% | −8.6% | +10.7% | +6.4% | −4.5% |
| 2021 | −0.2% | +6.0% | +6.1% | +3.8% | +3.0% | −1.4% | 0.0% | +2.5% | −3.0% | +5.2% | −3.7% | +5.8% |
| 2020 | −2.7% | −9.7% | −16.4% | +10.9% | +3.8% | +0.4% | +3.4% | +3.9% | −3.5% | −1.2% | +15.3% | +3.8% |
| 2019 | — | — | — | — | — | — | +1.3% | −2.8% | +3.9% | +0.4% | +3.3% | +3.0% |
MXHAX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 11.59%
- 3-year Sharpe ratio: 1.13 (vs 4.5% risk-free rate)
- Best month: +7.15% (Nov 2023)
- Worst month: −6.43% (Dec 2024)
MXHAX Fund Flows
Monthly money in and out of Empower Large Cap Value Fund, from SEC Form N-PORT.
- 12-month net flow: $695.0M
- 12-month gross sales (incl. reinvestments): $3.2B
- Sales ÷ redemptions: 1.28×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $211.0M | $197.4M | $13.7M |
| May 2026 | $184.1M | $121.3M | $62.8M |
| Apr 2026 | $162.9M | $94.2M | $68.7M |
| Mar 2026 | $139.8M | $66.4M | $73.4M |
| Feb 2026 | $61.4M | $43.6M | $17.8M |
| Jan 2026 | $29.6M | $27.3M | $2.3M |
| Dec 2025 | $554.6M | $409.8M | $144.8M |
| Nov 2025 | $470.2M | $352.0M | $118.2M |
| Oct 2025 | $429.5M | $335.6M | $93.9M |
| Sep 2025 | $389.4M | $310.6M | $78.8M |
| Aug 2025 | $306.0M | $283.4M | $22.6M |
| Jul 2025 | $266.1M | $268.0M | −$1.9M |
MXHAX Assets Under Management
Net assets of Empower Large Cap Value Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $2.25B |
| 2026-03-31 | $2.07B |
| 2025-12-31 | $1.98B |
| 2025-09-30 | $1.85B |
| 2025-06-30 | $1.67B |
| 2025-03-31 | $1.58B |
| 2024-12-31 | $1.59B |
| 2024-09-30 | $1.56B |
| 2024-06-30 | $1.53B |
| 2024-03-31 | $1.67B |
| 2023-12-31 | $1.59B |
| 2023-09-30 | $1.52B |
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.