MXZMX Fees and Costs — Empower Global Bond Fund, Institutional Class
Data updated: 2026-08-27
The net expense ratio is 0.64%: a 0.57% management fee plus 0.11% other expenses, less a 0.04% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 153%.
MXZMX Fees and Expenses
Annual operating expenses and sales charges of MXZMX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.57% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.11% |
| Gross expense ratio | 0.68% |
| Fee waiver | −0.04% |
| Net expense ratio | 0.64% |
| 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 |
MXZMX Costs Over Time
On $10,000 invested in MXZMX, assuming 5% a year before costs, total costs come to $403 over 5 years, cutting the return by 0.67% 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 0.64%) | $67 | $210 | $366 |
| Lost growth on money paid in costs | $0 | $10 | $37 |
| Total costs | $67 | $221 | $403 |
| Value after costs | $10,433 | $11,355 | $12,360 |
| Impact on return, per year | 0.67% | 0.67% | 0.67% |
MXZMX 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): $2.0B
- Portfolio turnover (prospectus): 153%
- Securities on loan, average value: $5.3M
- Net income from securities lending: $8K (0.001% of average net assets)
MXZMX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| CITIGROUP GLOBAL MARKETS INC | $872.1M | 54.00% |
| BARCLAYS CAPITAL INC | $201.4M | 12.47% |
| MORGAN STANLEY & CO. LLC | $108.1M | 6.69% |
| BNP PARIBAS SECURITIES CORP. | $92.4M | 5.72% |
| J.P. MORGAN SECURITIES LLC | $82.6M | 5.11% |
| HSBC SECURITIES (USA) INC | $60.6M | 3.75% |
| DEUTSCHE BANK SECURITIES INC | $58.6M | 3.63% |
| BBVA SECURITIES INC | $49.2M | 3.04% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC | $46.1M | 2.85% |
| GOLDMAN SACHS & CO. LLC | $44.1M | 2.73% |
Empower Global 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 |
|---|---|---|---|
| MXZMX | Institutional Class | 0.64% | — |
| MXGBX | Investor Class | 0.99% | — |
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.