MXISX Fees and Costs — Empower S&P Small Cap 600 Index Fund, Investor Class
Data updated: 2026-08-20
The net expense ratio is 0.56%: a 0.19% management fee plus 0.38% other expenses, less a 0.01% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $17K in broker commissions, 0.0016% of average net assets, and portfolio turnover was 34%.
MXISX Fees and Expenses
Annual operating expenses and sales charges of MXISX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.19% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.38% |
| Gross expense ratio | 0.57% |
| Fee waiver | −0.01% |
| Net expense ratio | 0.56% |
| 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 |
MXISX Costs Over Time
On $10,000 invested in MXISX, assuming 5% a year before costs, total costs come to $354 over 5 years, cutting the return by 0.59% 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 0.56%) | $59 | $184 | $321 |
| Trading costs (broker commissions) | $0 | $1 | $1 |
| Lost growth on money paid in costs | $0 | $9 | $32 |
| Total costs | $59 | $194 | $354 |
| Value after costs | $10,441 | $11,382 | $12,408 |
| Impact on return, per year | 0.59% | 0.59% | 0.59% |
MXISX 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): 0.0016%
- Total broker commissions: $17K
- Bought from dealers (principal trades, not a cost): $23.8M
- Portfolio turnover (prospectus): 34%
- Securities on loan, average value: $31.9M
- Net income from securities lending: $115K (0.011% of average net assets)
MXISX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO. LLC | $5K | 26.26% |
| BOFA SECURITIES, INC | $4K | 25.07% |
| BARINGS SECURITIES LLC | $3K | 15.69% |
| UBS SECURITIES LLC | $2K | 13.44% |
| ALLIANCEBERNSTEIN L.P. | $2K | 11.42% |
| CITIGROUP GLOBAL MARKETS INC | $1K | 6.67% |
| RBC CAPITAL MARKETS, LLC | $250 | 1.45% |
MXISX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BOFA SECURITIES, INC | $8.2M | 34.67% |
| UBS SECURITIES LLC | $7.5M | 31.71% |
| GOLDMAN SACHS & CO. LLC | $5.3M | 22.33% |
| BARINGS SECURITIES LLC | $1.9M | 8.02% |
| CITIGROUP GLOBAL MARKETS INC | $328K | 1.38% |
| ALLIANCEBERNSTEIN L.P. | $300K | 1.26% |
| RBC CAPITAL MARKETS, LLC | $150K | 0.63% |
Empower S&P Small Cap 600 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 |
|---|---|---|---|
| MXERX | Institutional Class | 0.21% | — |
| MXISX | Investor Class | 0.56% | — |
| MXNSX | Class L | 0.81% | — |
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.