Morningstar

Empower High Yield Bond Fund Institutional Class MXFRX

Morningstar Medalist Rating
Medalist Rating as of | See Empower Investment Hub
  • NAV / 1-Day Return 11.04  /  0.00
  • Total Assets 882.0M
  • Adj. Expense Ratio
    0.580%
  • Expense Ratio 0.630%
  • Distribution Fee Level Below Average
  • Share Class Type Institutional
  • Category High Yield Bond
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 0
  • Status Open
  • TTM Yield 3.52%
  • Effective Duration 2.31 years

USD | NAV as of Jul 18, 2026 | 1-Day Return as of Jul 18, 2026, 3:28 AM GMT+0

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
Rated on Published on

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Portfolio Holdings MXFRX

More MXFRX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 6.9
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Lumentum Holdings Inc. 0.38%

1.38 11M
Corporate

Iron Mountain Inc. 6.25%

0.69 5M
Corporate

R.R. Donnelley & Sons Co. 9.5%

0.68 5M
Corporate

Kedrion S.p.A. 6.5%

0.63 5M
Corporate

MPT Operating Partnership LP / MPT Finance Corporation 8.5%

0.61 5M
Corporate

CCO Holdings, LLC/ CCO Holdings Capital Corp. 4.75%

0.60 5M
Corporate

Western Digital Corp. 3%

0.60 5M
Corporate

Firstcash Inc 6.88%

0.59 5M
Corporate

PHH Escrow Issuer LLC / PHH Corp 9.88%

0.59 5M
Corporate

Rain Carbon Inc 12.25%

0.58 5M
Corporate

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