Morningstar

Empower High Yield Bond Fund Institutional Class MXFRX

Morningstar Medalist Rating
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Medalist Rating as of See Empower Investment Hub
  • NAV / 1-Day Return $10.75  /  +0.28 %
  • Fund Size $877.3M
  • Adjusted Expense Ratio 0.580%
  • Net Expense Ratio 0.630%
  • Fee Level: Distribution Below Average
  • Share Class Type Institutional
  • Morningstar Category High Yield Bond
  • Fixed-Income Style Box (Funds) —
  • Minimum Initial Investment $0
  • Investment Status Open
  • TTM Yield 3.59%
  • Average Effective Duration 2.33 yrs
NAV and 1-Day Return as of

Morningstar’s Analysis MXFRX

Will MXFRX outperform in the 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 MXFRX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the MXFRX 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 MXFRX’s parent organization’s priorities and whether they’re in line with investors’ interests.

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

Empower High Yield Bond Instl holds a quantitatively derived Neutral Morningstar Medalist Rating. The rating suggests the model does not express a clear expectation of outperformance or underperformance relative to peers over a full market cycle.

by Morningstar Automated Analysis
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Portfolio Holdings MXFRX

More MXFRX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 6.4
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Western Digital Corp. 3%

0.79 7M
Corporate

Lumentum Holdings Inc. 0.38%

0.76 6M
Corporate

Iron Mountain Inc. 6.25%

0.65 5M
Corporate

R.R. Donnelley And Sons Co. 9.5%

0.64 5M
Corporate

Boeing Co 6% PRF CONVERT 15/10/2027 USD 50 - Dep Rep 1/20th Sr A

0.62 5M
Industrials

Efesto Bidco S.p.A/ Efesto US LLC 7.5%

0.60 5M
Corporate

Kedrion S.p.A. 6.5%

0.60 5M
Corporate

Rain Carbon Inc 12.25%

0.58 5M
Corporate

MPT Operating Partnership LP / MPT Finance Corporation 8.5%

0.57 5M
Corporate

Edged Compute LLC 7.5%

0.56 5M
Corporate

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