MXSDX Fees and Costs — Empower Short Duration Bond Fund, Investor Class
Data updated: 2026-08-20
The net expense ratio is 0.60%: a 0.23% management fee plus 0.44% other expenses, less a 0.07% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 50%.
MXSDX Fees and Expenses
Annual operating expenses and sales charges of MXSDX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.23% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.44% |
| Gross expense ratio | 0.67% |
| Fee waiver | −0.07% |
| Net expense ratio | 0.60% |
| 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 |
MXSDX Costs Over Time
On $10,000 invested in MXSDX, assuming 5% a year before costs, total costs come to $378 over 5 years, cutting the return by 0.63% 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 0.60%) | $63 | $197 | $344 |
| Lost growth on money paid in costs | $0 | $10 | $35 |
| Total costs | $63 | $207 | $378 |
| Value after costs | $10,437 | $11,369 | $12,384 |
| Impact on return, per year | 0.63% | 0.63% | 0.63% |
MXSDX 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): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $353.9M
- Portfolio turnover (prospectus): 50%
- Securities on loan, average value: $3.1M
- Net income from securities lending: $15K (0.003% of average net assets)
MXSDX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| JANE STREET CAPITAL, LLC | $94.7M | 31.67% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC | $43.3M | 14.48% |
| GOLDMAN SACHS & CO. LLC | $34.2M | 11.45% |
| BNP PARIBAS SECURITIES CORP. | $32.9M | 11.00% |
| BARCLAYS CAPITAL INC | $28.8M | 9.65% |
| MORGAN STANLEY & CO. LLC | $25.0M | 8.36% |
| J.P. MORGAN SECURITIES LLC | $18.3M | 6.13% |
| CITIGROUP GLOBAL MARKETS INC | $9.3M | 3.12% |
| JEFFERIES LLC | $7.1M | 2.37% |
| TD SECURITIES (USA) LLC | $5.3M | 1.77% |
Empower Short Duration Bond Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| MXXJX | Institutional Class | 0.25% | — |
| MXSDX | Investor Class | 0.60% | — |
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.