MXKLX

About MXKLX

Empower Lifetime 2035 Fund Investor Class is a target-date mutual fund designed to balance capital appreciation and income based on a glide path intended for investors approaching the year 2035. Prior to that date, the strategy emphasizes growth through a diversified mix of underlying equity and fixed income funds, then gradually shifts toward greater income orientation after 2035, with capital growth as a secondary objective. The portfolio is implemented via a professionally selected lineup of underlying Empower funds spanning U.S. large-cap, mid-cap, and international equities alongside core and global bonds, seeking broad market exposure within a single, auto-adjusting allocation. Although the fund is technically non-diversified at the top level, diversification is achieved through its underlying holdings. It serves as an all-in-one vehicle for retirement savers who plan to withdraw assets progressively in retirement, aligning asset allocation with a typical age-65 retirement timeline and providing ongoing rebalancing and risk reduction as the target date approaches.