MXBEX

About MXBEX

Empower Lifetime 2040 Fund Service Class is a target-date mutual fund designed to help investors prepare for retirement around the year 2040. Its primary function is to provide a diversified portfolio that automatically adjusts its asset allocation over time, becoming more conservative as the target retirement date approaches. This gradual shift typically means a higher allocation to equities in the earlier years for growth potential and an increased focus on income-generating assets, such as bonds, as 2040 nears. The fund invests broadly across large-cap, mid-cap, and small-cap U.S. equities, international stocks, and fixed-income instruments by utilizing a combination of both active and passive investment strategies. Major holdings often include index funds tracking the S&P 500, international equity benchmarks, and core bond indices. The Empower Lifetime 2040 Fund Service Class plays a significant role in retirement planning by offering a professionally managed, all-in-one solution that aims to balance growth and risk in line with participants' evolving investment time horizon and income needs, making it a common choice in defined contribution retirement plans like 401(k)s.