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Morningstar

Empower High Yield Bond Inv MXHYX

Morningstar Medalist Rating
Medalist Rating as of | See Empower Investment Hub
  • NAV / 1-Day Return 7.83  /  +0.13 %
  • Total Assets 437.7 Mil
  • Adj. Expense Ratio
    0.980%
  • Expense Ratio 0.980%
  • Distribution Fee Level High
  • Share Class Type No Load
  • Category High Yield Bond
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment —
  • Status Open
  • TTM Yield 2.78%
  • Effective Duration —

USD | NAV as of Jul 27, 2024 | 1-Day Return as of Jul 27, 2024, 12:12 AM GMT+0

Morningstar’s Analysis MXHYX

Will MXHYX 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 MXHYX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

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

An upgrade in its Process Pillar rating is the primary driver of Empower High Yield Bond Inv's upgrade to a Morningstar Medalist Rating of Neutral from Negative.

null Morningstar Manager Research

Morningstar Manager Research

Summary

Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the second-highest quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings MXHYX

More MXHYX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 7.3
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

CSC Holdings, LLC 5.38%

1.06 4.3 Mil
Corporate

Ford Motor Credit Company LLC 4%

0.90 3.7 Mil
Corporate

Endeavor Energy Resources LP and EER Finance Inc. 5.75%

0.76 3.1 Mil
Corporate

Tibco Software Inc 6.5%

0.75 3.0 Mil
Corporate

CCO Holdings, LLC/ CCO Holdings Capital Corp. 5.38%

0.75 3.0 Mil
Corporate

Tenet Healthcare Corporation 6.13%

0.70 2.8 Mil
Corporate

Apollo Global Management Inc 6.75% PRF CONVERT 31/07/2026 USD 50 - Ser A

0.65 2.6 Mil
Financial Services

Royal Caribbean Group 9.25%

0.59 2.4 Mil
Corporate

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

0.59 2.4 Mil
Corporate

Callon Petroleum Company 7.5%

0.56 2.3 Mil
Corporate