Morningstar

Empower Short Duration Bond Fund Institutional Class MXXJX

Morningstar Medalist Rating
Unlock
Medalist Rating as of See Empower Investment Hub
  • NAV / 1-Day Return $9.72  /  0.00
  • Fund Size $610.1M
  • Adjusted Expense Ratio 0.250%
  • Net Expense Ratio 0.240%
  • Fee Level: Distribution Low
  • Share Class Type Institutional
  • Morningstar Category Short-Term Bond
  • Fixed-Income Style Box (Funds) Medium/Limited
  • Minimum Initial Investment $0
  • Investment Status Open
  • TTM Yield 4.03%
  • Average Effective Duration 1.80 yrs
NAV and 1-Day Return as of

Morningstar’s Analysis MXXJX

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

  • People Pillar

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

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

Empower Short Duration Bond Instl holds a quantitatively derived Gold Morningstar Medalist Rating. The rating reflects that it has scored particularly well on factors Morningstar research associates with future outperformance relative to category peers.

by Morningstar Automated Analysis
Rated on Published on

Unlock our full analysis with Morningstar Investor

Portfolio Holdings MXXJX

More MXXJX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 7.5
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

United States Treasury Notes 3.88%

4.73 28M
Government

United States Treasury Bills 3.54%

3.63 22M
Government

Federal Home Loan Banks 3.67%

1.33 8M
Cash and Equivalents

Goldman Sachs Group, Inc. 4.15%

1.12 7M
Corporate

Bank of America Corp. 6.2%

0.99 6M
Corporate

B.A.T. Capital Corporation 4.91%

0.86 5M
Corporate

AutoNation, Inc. 4.11%

0.80 5M
Cash and Equivalents

Medline Borrower LP 3.88%

0.71 4M
Corporate

Boeing Co. 6.3%

0.71 4M
Corporate

Federal Home Loan Banks 3.66%

0.66 4M
Cash and Equivalents

Sponsor Center