MXZMX Performance — Empower Global Bond Fund, Institutional Class
Data updated: 2026-08-27
MXZMX returned −1.27% year to date and −0.28% over one year to Jun 2026. Annualised returns are +3.64% over 3 years and −1.43% over 5 years. The fund trailed its Alternative category average: $100 invested three years ago grew to $111, against $170 for the category, and to $100 over one year, against $110. Volatility over the past three years was 7.14% a year. In the 12 months to Jun 2026 the fund took in a net $346.0M, and assets reached $741.12M.
MXZMX Growth of $100
What $100 invested in Empower Global Bond Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Alternative category average over the same months.
| Period | MXZMX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $100 | $110 |
| 3 years (Jul 2023 – Jun 2026) | $111 | $170 |
| 5 years (Jul 2021 – Jun 2026) | $93 | $159 |
| Since data start (Jul 2019 – Jun 2026) | $94 | $190 |
MXZMX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | −1.27% |
| 1 year | −0.28% |
| 3 years (annualised) | +3.64% |
| 5 years (annualised) | −1.43% |
MXZMX Annual Returns
Calendar-year total returns of Empower Global Bond Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | −1.27% |
| 2025 | +7.89% |
| 2024 | −0.49% |
| 2023 | +4.59% |
| 2022 | −14.35% |
| 2021 | −6.03% |
| 2020 | +5.72% |
| 2019 (Jul–Dec) | −0.55% |
MXZMX 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 | +0.6% | +1.3% | −3.8% | +1.2% | +0.1% | −0.6% | — | — | — | — | — | — |
| 2025 | +0.7% | +1.6% | +0.4% | +2.2% | −0.3% | +2.0% | −1.9% | +2.2% | +0.7% | −0.4% | +0.1% | +0.3% |
| 2024 | −1.0% | −1.0% | +0.7% | −2.8% | +1.9% | +0.1% | +3.4% | +2.0% | +1.6% | −3.6% | +0.4% | −2.0% |
| 2023 | +3.4% | −3.3% | +2.3% | −0.4% | −2.0% | −0.3% | +1.4% | −1.7% | −2.9% | −1.3% | +5.8% | +3.9% |
| 2022 | −1.6% | −1.6% | −2.7% | −5.1% | +0.3% | −4.3% | +2.4% | −3.0% | −6.2% | +0.3% | +5.9% | +1.0% |
| 2021 | −1.2% | −2.3% | −1.6% | +0.9% | +0.9% | −0.9% | +0.9% | −0.2% | −1.6% | −0.7% | −0.6% | +0.1% |
| 2020 | +0.6% | −0.2% | −4.2% | +1.4% | +1.8% | 0.0% | +3.7% | −0.1% | −0.3% | +0.4% | +1.1% | +1.5% |
| 2019 | — | — | — | — | — | — | +0.3% | −1.2% | −0.3% | +0.6% | −1.0% | +1.0% |
MXZMX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 7.14%
- 3-year Sharpe ratio: -0.12 (vs 4.5% risk-free rate)
- Best month: +5.83% (Nov 2023)
- Worst month: −3.75% (Mar 2026)
MXZMX Fund Flows
Monthly money in and out of Empower Global Bond Fund, from SEC Form N-PORT.
- 12-month net flow: $346.0M
- 12-month gross sales (incl. reinvestments): $1.2B
- Sales ÷ redemptions: 1.40×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $118.7M | $35.1M | $83.6M |
| May 2026 | $63.0M | $29.7M | $33.3M |
| Apr 2026 | $55.6M | $22.2M | $33.4M |
| Mar 2026 | $48.5M | $16.5M | $32.0M |
| Feb 2026 | $21.9M | $10.6M | $11.3M |
| Jan 2026 | $11.8M | $7.2M | $4.6M |
| Dec 2025 | $218.7M | $134.7M | $84.1M |
| Nov 2025 | $176.3M | $130.7M | $45.6M |
| Oct 2025 | $161.9M | $127.6M | $34.3M |
| Sep 2025 | $148.1M | $120.0M | $28.1M |
| Aug 2025 | $100.4M | $116.7M | −$16.3M |
| Jul 2025 | $86.0M | $113.8M | −$27.9M |
MXZMX Assets Under Management
Net assets of Empower Global Bond Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $741.12M |
| 2026-03-31 | $684.49M |
| 2025-12-31 | $664.97M |
| 2025-09-30 | $625.06M |
| 2025-06-30 | $557.66M |
| 2025-03-31 | $540.85M |
| 2024-12-31 | $556.69M |
| 2024-09-30 | $547.22M |
| 2024-06-30 | $517.20M |
| 2024-03-31 | $540.07M |
| 2023-12-31 | $528.90M |
| 2023-09-30 | $451.74M |
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.