MXQLX Performance — Empower Lifetime 2045 Fund, Investor Class
Data updated: 2026-08-20
MXQLX returned +10.15% year to date and +19.04% over one year to Jun 2026. Annualised returns are +14.83% over 3 years and +7.21% over 5 years. The fund beat its Target-Date category average: $100 invested three years ago grew to $151, against $150 for the category, and to $119 over one year, against $118. Volatility over the past three years was 11.40% a year. In the 12 months to Jun 2026 the fund took in a net $445.3M, and assets reached $1.58B.
MXQLX Growth of $100
What $100 invested in Empower Lifetime 2045 Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Target-Date category average over the same months.
| Period | MXQLX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $119 | $118 |
| 3 years (Jul 2023 – Jun 2026) | $151 | $150 |
| 5 years (Jul 2021 – Jun 2026) | $142 | $143 |
| Since data start (Jul 2019 – Jun 2026) | $194 | $187 |
MXQLX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +10.15% |
| 1 year | +19.04% |
| 3 years (annualised) | +14.83% |
| 5 years (annualised) | +7.21% |
MXQLX Annual Returns
Calendar-year total returns of Empower Lifetime 2045 Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +10.15% |
| 2025 | +16.71% |
| 2024 | +10.82% |
| 2023 | +15.12% |
| 2022 | −16.82% |
| 2021 | +16.02% |
| 2020 | +13.89% |
| 2019 (Jul–Dec) | +7.66% |
MXQLX 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 | +2.8% | +2.0% | −6.0% | +7.7% | +3.2% | +0.6% | — | — | — | — | — | — |
| 2025 | +3.1% | −0.3% | −2.8% | 0.0% | +4.4% | +3.6% | +0.5% | +2.7% | +2.3% | +1.2% | +0.6% | +0.7% |
| 2024 | −0.7% | +3.7% | +3.2% | −3.7% | +4.0% | +0.5% | +3.1% | +1.8% | +1.6% | −2.6% | +3.6% | −3.7% |
| 2023 | +7.4% | −2.9% | +1.3% | −0.7% | −1.8% | +5.2% | +3.2% | −2.8% | −4.2% | −3.3% | +8.1% | +5.7% |
| 2022 | −4.9% | −2.1% | +0.8% | −6.8% | +0.5% | −7.8% | +6.8% | −4.1% | −8.9% | +5.9% | +8.0% | −4.0% |
| 2021 | +0.1% | +3.0% | +2.4% | +3.8% | +1.4% | +0.4% | +0.4% | +2.0% | −3.8% | +4.0% | −2.5% | +4.0% |
| 2020 | −1.5% | −7.0% | −14.6% | +10.2% | +4.8% | +2.7% | +4.7% | +4.2% | −2.6% | −1.3% | +11.6% | +4.8% |
| 2019 | — | — | — | — | — | — | +0.1% | −1.8% | +1.9% | +2.2% | +2.2% | +2.9% |
MXQLX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 11.40%
- 3-year Sharpe ratio: 0.91 (vs 4.5% risk-free rate)
- Best month: +8.13% (Nov 2023)
- Worst month: −5.99% (Mar 2026)
MXQLX Fund Flows
Monthly money in and out of Empower Lifetime 2045 Fund, from SEC Form N-PORT.
- 12-month net flow: $445.3M
- 12-month gross sales (incl. reinvestments): $2.8B
- Sales ÷ redemptions: 1.19×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $205.9M | $175.7M | $30.2M |
| May 2026 | $161.8M | $140.2M | $21.7M |
| Apr 2026 | $133.6M | $103.8M | $29.8M |
| Mar 2026 | $104.5M | $79.9M | $24.6M |
| Feb 2026 | $71.8M | $51.5M | $20.3M |
| Jan 2026 | $37.5M | $24.4M | $13.1M |
| Dec 2025 | $497.2M | $363.6M | $133.6M |
| Nov 2025 | $390.8M | $336.4M | $54.4M |
| Oct 2025 | $355.5M | $310.8M | $44.7M |
| Sep 2025 | $310.9M | $269.5M | $41.3M |
| Aug 2025 | $269.9M | $244.3M | $25.6M |
| Jul 2025 | $229.2M | $223.1M | $6.2M |
MXQLX Assets Under Management
Net assets of Empower Lifetime 2045 Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $1.58B |
| 2026-03-31 | $1.41B |
| 2025-12-31 | $1.40B |
| 2025-09-30 | $1.33B |
| 2025-06-30 | $1.22B |
| 2025-03-31 | $1.12B |
| 2024-12-31 | $1.13B |
| 2024-09-30 | $1.14B |
| 2024-06-30 | $1.06B |
| 2024-03-31 | $1.04B |
| 2023-12-31 | $977.00M |
| 2023-09-30 | $892.83M |
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.