MXAKX

About MXAKX

Empower Lifetime 2020 Fund Institutional Class is a target-date mutual fund designed for investors near or in early retirement. Its primary objective is to generate current income with a secondary focus on capital appreciation, reflecting a more conservative glide path as the 2020 target date has passed. The fund allocates across a professionally selected mix of underlying equity and fixed-income strategies, seeking diversification across asset classes to balance income needs with longevity risk. Typical exposures emphasize high-quality bonds, cash equivalents, and a modest allocation to equities to maintain growth potential, consistent with retirement-income mandates. As an institutional share class, it is structured for retirement plans and large platforms, offering access to a packaged asset allocation approach that simplifies portfolio management. The fund’s role in the market is to provide a turnkey, age-appropriate allocation for participants who prefer a managed solution as they transition from accumulation to distribution, aligning asset mix with retirement timing and risk tolerance while maintaining broad market diversification.