MXMSX Performance — Empower Small Cap Growth Fund, Institutional Class
Data updated: 2026-08-20
MXMSX returned +19.58% year to date and +31.43% over one year to Jun 2026. Annualised returns are +14.09% over 3 years and +5.39% over 5 years. The fund trailed its US Small Blend category average: $100 invested three years ago grew to $148, against $156 for the category, and to $131 over one year, against $133. Volatility over the past three years was 18.70% a year. In the 12 months to Jun 2026 the fund took in a net $468.2M, and assets reached $260.00M.
MXMSX Growth of $100
What $100 invested in Empower Small Cap Growth Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the US Small Blend category average over the same months.
| Period | MXMSX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $131 | $133 |
| 3 years (Jul 2023 – Jun 2026) | $148 | $156 |
| 5 years (Jul 2021 – Jun 2026) | $130 | $141 |
| Since data start (Jul 2019 – Jun 2026) | $212 | $209 |
MXMSX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +19.58% |
| 1 year | +31.43% |
| 3 years (annualised) | +14.09% |
| 5 years (annualised) | +5.39% |
MXMSX Annual Returns
Calendar-year total returns of Empower Small Cap Growth Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +19.58% |
| 2025 | +8.30% |
| 2024 | +10.84% |
| 2023 | +19.25% |
| 2022 | −25.04% |
| 2021 | +14.03% |
| 2020 | +37.51% |
| 2019 (Jul–Dec) | +5.41% |
MXMSX 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 | +1.5% | +1.1% | −6.3% | +10.7% | +4.9% | +7.0% | — | — | — | — | — | — |
| 2025 | +3.6% | −7.9% | −7.5% | −1.2% | +7.7% | +5.0% | +1.4% | +4.1% | +0.8% | +2.4% | +1.5% | −0.6% |
| 2024 | −1.3% | +7.7% | +2.0% | −6.8% | +4.2% | +0.9% | +4.4% | +0.1% | −0.4% | −2.2% | +9.2% | −6.1% |
| 2023 | +9.8% | −0.1% | −2.7% | +1.3% | −0.3% | +6.9% | +3.6% | −3.8% | −6.8% | −7.7% | +9.0% | +10.6% |
| 2022 | −11.8% | −0.1% | −0.3% | −9.9% | −2.0% | −5.6% | +9.7% | −2.4% | −8.1% | +7.4% | +1.0% | −4.1% |
| 2021 | +2.1% | +5.0% | −0.5% | +4.8% | −2.4% | +3.1% | −1.6% | +2.2% | −4.2% | +5.3% | −4.4% | +4.5% |
| 2020 | −0.5% | −6.8% | −21.2% | +17.0% | +9.7% | +3.3% | +5.2% | +6.6% | −1.9% | +1.5% | +14.9% | +10.7% |
| 2019 | — | — | — | — | — | — | −0.4% | −5.7% | −0.4% | +1.8% | +7.9% | +2.6% |
MXMSX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 18.70%
- 3-year Sharpe ratio: 0.51 (vs 4.5% risk-free rate)
- Best month: +10.72% (Apr 2026)
- Worst month: −7.86% (Feb 2025)
MXMSX Fund Flows
Monthly money in and out of Empower Small Cap Growth Fund, from SEC Form N-PORT.
- 12-month net flow: $468.2M
- 12-month gross sales (incl. reinvestments): $894.9M
- Sales ÷ redemptions: 2.10×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $18.2M | $84.3M | −$66.2M |
| May 2026 | $15.3M | $58.3M | −$43.0M |
| Apr 2026 | $12.9M | $55.8M | −$43.0M |
| Mar 2026 | $10.5M | $53.8M | −$43.2M |
| Feb 2026 | $7.9M | $4.3M | $3.6M |
| Jan 2026 | $4.2M | $2.7M | $1.5M |
| Dec 2025 | $154.5M | $38.1M | $116.4M |
| Nov 2025 | $148.1M | $34.2M | $113.9M |
| Oct 2025 | $142.6M | $32.9M | $109.7M |
| Sep 2025 | $137.0M | $29.2M | $107.8M |
| Aug 2025 | $124.8M | $17.2M | $107.7M |
| Jul 2025 | $119.0M | $16.0M | $103.0M |
MXMSX Assets Under Management
Net assets of Empower Small Cap Growth Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $260.00M |
| 2026-03-31 | $228.12M |
| 2025-12-31 | $283.05M |
| 2025-09-30 | $265.69M |
| 2025-06-30 | $241.40M |
| 2025-03-31 | $193.78M |
| 2024-12-31 | $139.80M |
| 2024-09-30 | $136.36M |
| 2024-06-30 | $134.25M |
| 2024-03-31 | $139.62M |
| 2023-12-31 | $136.78M |
| 2023-09-30 | $109.34M |
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.