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Morningstar

Empower High Yield Bond Inv MXHYX

Morningstar Analyst Rating
Quantitative rating as of
  • NAV / 1-Day Return 7.40  /  0.40 %
  • Total Assets 508.9 Mil
  • Adj. Expense Ratio
    1.100%
  • Expense Ratio 1.080%
  • Distribution Fee Level High
  • Share Class Type No Load
  • Category High Yield Bond
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 0
  • Status Open
  • TTM Yield 3.45%
  • Effective Duration —

USD | NAV as of Jan 31, 2023 | 1-Day Return as of Jan 31, 2023, 1:21 AM GMT+00:00

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.

Summary

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Empower High Yield Bond Inv's Average People Pillar and Process Pillar ratings hold this strategy's Morningstar Quantitative Rating of Neutral. 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.

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