Empower Real Estate Index Fund Investor Class MXREX

The investment seeks investment results, before fees and expenses, that track the total return of a Dow Jones U.S. Select REIT Index that measures the performance of publicly traded equity real estate investment trusts ("REITs"). Under normal circumstances, the fund invests at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in securities of the companies included in the benchmark index. The fund uses the replication method of indexing, meaning the fund seeks to own the securities contained in the benchmark index in as close as possible a proportion of the fund as each stock’s weight in the index. It is non-diversified.