Morningstar

Empower High Yield Bond Fund Institutional Class MXFRX

Medalist Rating as of Aug 31, 2026 See Empower Investment Hub

Strategy

The investment seeks to obtain high current income with capital appreciation as a secondary objective. The fund will, under normal circumstances, invest at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in below investment grade securities. It will invest primarily in fixed or floating rate income securities, such as corporate bonds, convertible securities, bank loans (term and revolving), zero coupon bonds and Rule 144A fixed income securities that are subject to resale restrictions.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
MXHYX	Empower High Yield Bond Fund Investor Class	No Load	Open			May 21, 2003	$451.21M	0.930%	High	$0	$43.99M
MXFRX	Empower High Yield Bond Fund Institutional Class	Institutional	Open			May 1, 2015	$426.13M	0.580%	Below Average	$0	$51.31M

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