MXNZX Performance — Empower S&P Mid Cap 400 Index Fund, Institutional Class
Data updated: 2026-08-20
MXNZX returned +17.26% year to date and +25.73% over one year to Jun 2026. Annualised returns are +15.20% over 3 years and +9.24% over 5 years. The fund beat its US Mid-Cap Blend category average: $100 invested three years ago grew to $153, against $150 for the category, and to $126 over one year, against $122. Volatility over the past three years was 15.90% a year. In the 12 months to Jun 2026 the fund lost a net $1.9B, and assets reached $1.68B.
MXNZX Growth of $100
What $100 invested in Empower S&P Mid Cap 400 Index Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the US Mid-Cap Blend category average over the same months.
| Period | MXNZX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $126 | $122 |
| 3 years (Jul 2023 – Jun 2026) | $153 | $150 |
| 5 years (Jul 2021 – Jun 2026) | $156 | $147 |
| Since data start (Jul 2019 – Jun 2026) | $222 | $208 |
MXNZX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +17.26% |
| 1 year | +25.73% |
| 3 years (annualised) | +15.20% |
| 5 years (annualised) | +9.24% |
MXNZX Annual Returns
Calendar-year total returns of Empower S&P Mid Cap 400 Index Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +17.26% |
| 2025 | +7.35% |
| 2024 | +13.62% |
| 2023 | +18.24% |
| 2022 | −13.18% |
| 2021 | +24.45% |
| 2020 | +13.49% |
| 2019 (Jul–Dec) | +6.90% |
MXNZX 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 | +4.1% | +4.1% | −5.4% | +7.9% | +2.4% | +3.6% | — | — | — | — | — | — |
| 2025 | +3.9% | −4.4% | −5.4% | −2.3% | +5.4% | +3.5% | +1.7% | +3.3% | +0.4% | −0.5% | +2.0% | 0.0% |
| 2024 | −1.8% | +6.0% | +5.6% | −6.1% | +4.3% | −1.5% | +5.8% | −0.1% | +1.2% | −0.7% | +8.7% | −7.1% |
| 2023 | +9.2% | −1.9% | −3.2% | +0.9% | −3.2% | +9.1% | +4.1% | −2.9% | −5.3% | −5.4% | +8.5% | +8.8% |
| 2022 | −7.2% | +1.1% | +1.4% | −7.1% | +0.7% | −9.6% | +10.8% | −3.1% | −9.2% | +10.5% | +6.1% | −5.6% |
| 2021 | +1.5% | +6.9% | +4.7% | +4.4% | +0.2% | −1.1% | +0.3% | +2.0% | −4.0% | +5.9% | −2.9% | +5.0% |
| 2020 | −2.7% | −9.6% | −20.1% | +14.2% | +7.3% | +1.3% | +4.5% | +3.5% | −3.3% | +2.2% | +14.4% | +6.4% |
| 2019 | — | — | — | — | — | — | +1.1% | −4.2% | +3.0% | +1.1% | +3.0% | +2.8% |
MXNZX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 15.90%
- 3-year Sharpe ratio: 0.67 (vs 4.5% risk-free rate)
- Best month: +8.78% (Dec 2023)
- Worst month: −7.10% (Dec 2024)
MXNZX Fund Flows
Monthly money in and out of Empower S&P Mid Cap 400 Index Fund, from SEC Form N-PORT.
- 12-month net flow: −$1.9B
- 12-month gross sales (incl. reinvestments): $2.7B
- Sales ÷ redemptions: 0.59×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $141.0M | $201.3M | −$60.3M |
| May 2026 | $117.1M | $162.8M | −$45.7M |
| Apr 2026 | $96.3M | $131.0M | −$34.7M |
| Mar 2026 | $70.9M | $99.8M | −$28.9M |
| Feb 2026 | $42.9M | $63.7M | −$20.8M |
| Jan 2026 | $20.9M | $34.3M | −$13.4M |
| Dec 2025 | $462.9M | $705.2M | −$242.3M |
| Nov 2025 | $412.5M | $680.1M | −$267.6M |
| Oct 2025 | $381.3M | $657.5M | −$276.2M |
| Sep 2025 | $342.1M | $625.6M | −$283.5M |
| Aug 2025 | $302.1M | $600.9M | −$298.8M |
| Jul 2025 | $268.3M | $578.3M | −$310.1M |
MXNZX Assets Under Management
Net assets of Empower S&P Mid Cap 400 Index Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $1.68B |
| 2026-03-31 | $1.50B |
| 2025-12-31 | $1.49B |
| 2025-09-30 | $1.45B |
| 2025-06-30 | $1.35B |
| 2025-03-31 | $1.36B |
| 2024-12-31 | $1.67B |
| 2024-09-30 | $1.66B |
| 2024-06-30 | $1.39B |
| 2024-03-31 | $1.27B |
| 2023-12-31 | $1.17B |
| 2023-09-30 | $1.12B |
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.