MXLSX Performance — Empower Small Cap Value Fund, Investor Class
Data updated: 2026-08-20
MXLSX returned +21.55% year to date and +30.37% over one year to Jun 2026. Annualised returns are +14.62% over 3 years and +9.59% over 5 years. The fund trailed its US Small Value category average: $100 invested three years ago grew to $151, against $153 for the category, and to $130 over one year, against $131. Volatility over the past three years was 17.82% a year. In the 12 months to Jun 2026 the fund took in a net $230.5M, and assets reached $638.69M.
MXLSX Growth of $100
What $100 invested in Empower Small Cap Value Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the US Small Value category average over the same months.
| Period | MXLSX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $130 | $131 |
| 3 years (Jul 2023 – Jun 2026) | $151 | $153 |
| 5 years (Jul 2021 – Jun 2026) | $158 | $149 |
| Since data start (Jul 2019 – Jun 2026) | $215 | $213 |
MXLSX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +21.55% |
| 1 year | +30.37% |
| 3 years (annualised) | +14.62% |
| 5 years (annualised) | +9.59% |
MXLSX Annual Returns
Calendar-year total returns of Empower Small Cap Value Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +21.55% |
| 2025 | +4.08% |
| 2024 | +8.21% |
| 2023 | +22.67% |
| 2022 | −10.03% |
| 2021 | +30.67% |
| 2020 | +3.20% |
| 2019 (Jul–Dec) | +5.36% |
MXLSX 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 | +6.5% | +2.5% | −4.5% | +9.7% | 0.0% | +6.4% | — | — | — | — | — | — |
| 2025 | +2.2% | −4.1% | −4.9% | −4.6% | +5.2% | +3.9% | +2.3% | +5.6% | −1.5% | −1.9% | +2.1% | +0.7% |
| 2024 | −3.7% | +3.7% | +5.8% | −5.1% | +4.5% | −2.1% | +8.7% | −2.3% | −0.9% | −2.1% | +10.6% | −7.4% |
| 2023 | +8.6% | +0.1% | −6.4% | +2.0% | −1.5% | +9.0% | +6.1% | −3.2% | −4.5% | −5.3% | +7.4% | +10.3% |
| 2022 | −4.0% | +0.4% | −0.8% | −6.9% | +3.2% | −9.7% | +10.3% | −2.9% | −10.2% | +13.0% | +4.8% | −4.8% |
| 2021 | +2.4% | +11.1% | +5.5% | +3.4% | +2.6% | −1.9% | −1.8% | +1.8% | −1.0% | +4.0% | −2.8% | +4.6% |
| 2020 | −3.3% | −10.5% | −23.3% | +11.9% | +4.6% | +1.1% | +3.3% | +3.8% | −5.1% | +3.3% | +16.0% | +7.6% |
| 2019 | — | — | — | — | — | — | +0.9% | −3.7% | +2.7% | +1.0% | +2.1% | +2.5% |
MXLSX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 17.82%
- 3-year Sharpe ratio: 0.57 (vs 4.5% risk-free rate)
- Best month: +10.63% (Nov 2024)
- Worst month: −7.41% (Dec 2024)
MXLSX Fund Flows
Monthly money in and out of Empower Small Cap Value Fund, from SEC Form N-PORT.
- 12-month net flow: $230.5M
- 12-month gross sales (incl. reinvestments): $1.4B
- Sales ÷ redemptions: 1.20×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $55.9M | $180.8M | −$124.9M |
| May 2026 | $48.6M | $139.2M | −$90.7M |
| Apr 2026 | $36.3M | $132.1M | −$95.8M |
| Mar 2026 | $29.6M | $121.9M | −$92.4M |
| Feb 2026 | $22.6M | $14.0M | $8.6M |
| Jan 2026 | $13.1M | $7.5M | $5.6M |
| Dec 2025 | $246.6M | $114.0M | $132.6M |
| Nov 2025 | $224.7M | $106.3M | $118.5M |
| Oct 2025 | $210.9M | $100.3M | $110.6M |
| Sep 2025 | $198.4M | $90.7M | $107.8M |
| Aug 2025 | $154.1M | $74.2M | $79.9M |
| Jul 2025 | $141.5M | $70.8M | $70.6M |
MXLSX Assets Under Management
Net assets of Empower Small Cap Value Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $638.69M |
| 2026-03-31 | $575.61M |
| 2025-12-31 | $643.51M |
| 2025-09-30 | $620.23M |
| 2025-06-30 | $542.21M |
| 2025-03-31 | $479.27M |
| 2024-12-31 | $491.35M |
| 2024-09-30 | $481.13M |
| 2024-06-30 | $463.10M |
| 2024-03-31 | $482.92M |
| 2023-12-31 | $456.34M |
| 2023-09-30 | $595.57M |
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.