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Morningstar

Empower Short Duration Bond Instl MXXJX

Morningstar Medalist Rating
Medalist Rating as of | See Empower Investment Hub
  • NAV / 1-Day Return 9.58  /  0.00
  • Total Assets 421.6 Mil
  • Adj. Expense Ratio
    0.250%
  • Expense Ratio 0.250%
  • Distribution Fee Level Low
  • Share Class Type Institutional
  • Category Short-Term Bond
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment —
  • Status Open
  • TTM Yield 2.37%
  • Effective Duration —

USD | NAV as of Apr 25, 2024 | 1-Day Return as of Apr 25, 2024, 12:21 AM GMT+0

Morningstar’s Analysis MXXJX

Will MXXJX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable MXXJX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the MXXJX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of MXXJX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Empower Short Duration Bond Instl's Average People Pillar and Process Pillar ratings result in a Morningstar Medalist Rating of Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The portfolio maintains a cost advantage over competitors, priced within the lowest fee quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings MXXJX

More MXXJX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 20.7
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

United States Treasury Notes 0.25%

7.48 30.3 Mil
Government

United States Treasury Notes 0.38%

4.65 18.8 Mil
Government

United States Treasury Notes 0.5%

2.06 8.3 Mil
Government

Bank of America Corp. 3.46%

1.23 5.0 Mil
Corporate

United States Treasury Notes 1.25%

1.14 4.6 Mil
Government

JPMorgan Chase & Co. 2.6%

0.96 3.9 Mil
Corporate

Voya CLO 2016-1 Limited 7.48%

0.90 3.6 Mil
Securitized

EPR Properties 4.5%

0.83 3.4 Mil
Corporate

Wells Fargo Bank, National Association 5.55%

0.75 3.0 Mil
Corporate

Barings Clo Limited 7.58%

0.74 3.0 Mil
Securitized