MXMVX Fees and Costs — Empower Mid Cap Value Fund, Investor Class
Data updated: 2026-08-20
The net expense ratio is 1.05%: a 0.67% management fee plus 0.46% other expenses, less a 0.08% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $218K in broker commissions, 0.0227% of average net assets, and portfolio turnover was 197%.
MXMVX Fees and Expenses
Annual operating expenses and sales charges of MXMVX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.67% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.46% |
| Gross expense ratio | 1.13% |
| Fee waiver | −0.08% |
| Net expense ratio | 1.05% |
| 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 |
MXMVX Costs Over Time
On $10,000 invested in MXMVX, assuming 5% a year before costs, total costs come to $670 over 5 years, cutting the return by 1.13% 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 1.05%) | $110 | $344 | $596 |
| Trading costs (broker commissions) | $2 | $7 | $13 |
| Lost growth on money paid in costs | $0 | $17 | $61 |
| Total costs | $113 | $369 | $670 |
| Value after costs | $10,387 | $11,208 | $12,093 |
| Impact on return, per year | 1.13% | 1.13% | 1.13% |
MXMVX 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): 0.0227%
- Total broker commissions: $218K
- Bought from dealers (principal trades, not a cost): $73.1M
- Portfolio turnover (prospectus): 197%
- Securities on loan, average value: $5.1M
- Net income from securities lending: $9K (0.001% of average net assets)
MXMVX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| NATIONAL FINANCIAL SERVICES LLC | $208K | 95.62% |
| MURIEL SIEBERT & CO., LLC | $5K | 2.14% |
| CITIGROUP GLOBAL MARKETS INC | $2K | 0.93% |
| STONEX FINANCIAL INC | $982 | 0.45% |
| JEFFERIES LLC | $653 | 0.30% |
| BARCLAYS CAPITAL INC | $426 | 0.20% |
| INSTINET, LLC | $257 | 0.12% |
| WELLS FARGO SECURITIES, LLC | $198 | 0.09% |
| UBS SECURITIES LLC | $180 | 0.08% |
| MORGAN STANLEY & CO. LLC | $140 | 0.06% |
MXMVX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| NATIONAL FINANCIAL SERVICES LLC | $69.3M | 94.81% |
| MURIEL SIEBERT & CO., LLC | $1.9M | 2.54% |
| CITIGROUP GLOBAL MARKETS INC | $812K | 1.11% |
| STONEX FINANCIAL INC | $393K | 0.54% |
| JEFFERIES LLC | $261K | 0.36% |
| BARCLAYS CAPITAL INC | $170K | 0.23% |
| INSTINET, LLC | $103K | 0.14% |
| WELLS FARGO SECURITIES, LLC | $79K | 0.11% |
| UBS SECURITIES LLC | $72K | 0.10% |
| MORGAN STANLEY & CO. LLC | $47K | 0.06% |
Empower Mid Cap 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 |
|---|---|---|---|
| MXKJX | Institutional Class | 0.70% | — |
| MXMVX | Investor Class | 1.05% | — |
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.