MXMIX Fees and Costs — Empower International Value Fund, Class L
Data updated: 2026-08-20
The net expense ratio is 1.32%: a 0.67% management fee, a 0.25% 12b-1 fee plus 0.61% other expenses, less a 0.21% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $348K in broker commissions, 0.0251% of average net assets, and portfolio turnover was 31%.
MXMIX Fees and Expenses
Annual operating expenses and sales charges of MXMIX. Prospectus, as of April 30, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 0.67% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.61% |
| Gross expense ratio | 1.53% |
| Fee waiver | −0.21% |
| Net expense ratio | 1.32% |
| 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 |
MXMIX Costs Over Time
On $10,000 invested in MXMIX, assuming 5% a year before costs, total costs come to $836 over 5 years, cutting the return by 1.41% 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 1.32%) | $139 | $431 | $745 |
| Trading costs (broker commissions) | $3 | $8 | $14 |
| Lost growth on money paid in costs | $0 | $22 | $77 |
| Total costs | $141 | $461 | $836 |
| Value after costs | $10,359 | $11,115 | $11,927 |
| Impact on return, per year | 1.41% | 1.41% | 1.41% |
MXMIX 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): 0.0251%
- Total broker commissions: $348K
- Bought from dealers (principal trades, not a cost): $899.0M
- Portfolio turnover (prospectus): 31%
- Securities on loan, average value: $39.5M
- Net income from securities lending: $197K (0.014% of average net assets)
MXMIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC | $62K | 23.93% |
| MORGAN STANLEY & CO. LLC | $46K | 17.72% |
| UBS SECURITIES LLC | $35K | 13.65% |
| LIQUIDNET, INC | $25K | 9.50% |
| JEFFERIES LLC | $21K | 8.18% |
| J.P. MORGAN SECURITIES LLC | $18K | 7.12% |
| CITIGROUP GLOBAL MARKETS INC | $16K | 6.11% |
| MIZUHO SECURITIES USA LLC | $16K | 6.00% |
| SANFORD C. BERNSTEIN & CO., LLC | $11K | 4.10% |
| GOLDMAN SACHS & CO. LLC | $10K | 3.69% |
MXMIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC | $129.3M | 19.97% |
| MORGAN STANLEY & CO. LLC | $120.5M | 18.61% |
| UBS SECURITIES LLC | $84.9M | 13.12% |
| JEFFERIES LLC | $80.6M | 12.45% |
| LIQUIDNET, INC | $54.4M | 8.40% |
| J.P. MORGAN SECURITIES LLC | $53.9M | 8.32% |
| CITIGROUP GLOBAL MARKETS INC | $39.5M | 6.11% |
| MIZUHO SECURITIES USA LLC | $31.9M | 4.93% |
| BANK OF MONTREAL | $26.2M | 4.05% |
| SANFORD C. BERNSTEIN & CO., LLC | $26.2M | 4.05% |
Empower International 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 |
|---|---|---|---|
| MXJVX | Institutional Class | 0.71% | — |
| MXIVX | Investor Class | 1.07% | — |
| MXMIX | Class L | 1.32% | — |
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.