Empower International Index Fund

EMPOWER FUNDS, INC. · 2 share classes

Developed international equity index fund
One fund, 2 share classes:MXINXMXPBX
$3.54B NAV
729 positions · as of 2026-06-30 · filed 2026-08-20

Fund classification

Classified from what the fund holds · as of 2026 Q2

Empower International Index Fund is a developed international equity index fund that tracks the MSCI EAFE (Europe, Australasia, Far East) Index.

Asset class
Equity
Region
Developed international
Management
Index (passive)
Fund type
Open-end fund

Fund profile

As filed in the prospectus · 2026 Q2

The Fund seeks investment results, before fees and expenses, that track the total return of the common stocks that comprise the MSCI EAFE (Europe, Australasia, Far East) Index (the Benchmark Index).

Strategy · summarised

The fund tracks the MSCI EAFE Index using replication, holding common stocks in the same proportions as the index to match the performance of large and mid-cap developed markets in Europe, Australasia, and the Far East, excluding the U.S. and Canada. Day-to-day portfolio management is delegated to Keyridge Asset Management Limited, a sub-adviser selected and monitored by Empower Capital Management. The fund may also use derivatives including forward foreign currency contracts and futures to pursue its tracking objective.

Expenses
0.23% 0.58%across 2 share classes
Share classExpense ratio
MXINX0.58%
MXPBX0.23%

Portfolio turnover 7.00% · as of 2026 Q2

Allocation

Asset groups · long / short shown separately, never netted · 2026 Q2

102.45%
of net assets
Stocks98.56%
Cash & short-term2.82%
Derivatives0.58%
Bonds0.48%

Derivatives are shown at market value, not notional exposure.

Latest quarter

What changed since the fund's previous filing

2026Q2 vs 2026Q1: 16 new57 exited

Largest new: UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT, RESONAC HOLDINGS CORP, FURUKAWA ELECTRIC CO LTD (THE), TELECOM ITALIA SPA, MITSUI KINZOKU CO LTD, ENLIGHT RENEWABLE ENERGY LTD, PLS GROUP LTD, WISE GROUP PLC

Largest exited: United States Treasury Bills, Wise PLC, Telecom Italia S.p.A., Nice Limited, MELLON BANK, Sekisui Chemical Co Ltd., JDE Peets N.V, Sony Financial Group Inc.

Return profile

Chart:

Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026

Share class1-year3-year5-yearVolWorst fall
+24.82%+51.97%+42.21%13.77%-10.27%
+25.28%+53.66%+44.81%13.88%-10.24%

These classes hold the same portfolio, so the 2.60pp spread over 5 years is the cost difference between them — roughly 0.52pp a year — not a difference in what they own.

Cumulative return· Jul 2023 – Apr 2026

May 2026 and Jun 2026 have been filed since the trailing figures were struck, so they are not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.

Debt profile

What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-06-30

Avg coupon
0.00%
Avg maturity
0.17 yr
Coupon type

Share of the fund's debt by how its coupon behaves — the fact that decides whether a rate move reaches this portfolio at all.

0%
floating
Fixed rate100.0%
Maturity ladder

Share of the fund's debt value in each maturity band, shortest first.

<1y
<1y100.0%
Flagged holdings
Defaulted: none reported
In arrears: none reported
Paid in kind: none reported

Based on what filers reported; a filer that never reported a flag also reads as none.

Risk profile

Interest-rate and credit-spread sensitivity, both in years · as of 2026Q2

This fund filed the credit-spread disclosure and reported no sensitivity — measured, and the answer is none.

Interest-rate duration
0.00 yr
approx. move per 100bp
Credit-spread duration
0.00 yr
approx. move per 100bp
If rates and spreads both rise 100bp

Where the loss would come from. The two shocks are the same size, so this is the balance of the fund's two sensitivities rather than a bet on one moving more.

≈ 0%
of value
Interest rates100%

Filers report the impact of a 0.01% move only, so the total is our own scaling of that one number and overstates the loss on most bonds — read it as approximate, never as precise. The two sensitivities overlap rather than add up: they measure the same positions against different shocks, which is why the durations above are shown side by side and never summed.

Investment grade: +0.00 yrHigh yield: +0.00 yr
Where the risk sits on the curve

Share of duration at each point, shortest first. A positive figure loses value when spreads widen; a negative one offsets — a credit hedge.

Interest rate0.00 yr total
3 mo
3 mo0.00 yr100%
Show the numbers
TenorRate yrsIG yrsHY yrsIG $/bpHY $/bp
3 mo+0.00+0.00+0.00$0$0
1 yr+0.00+0.00+0.00$0$0
5 yr+0.00+0.00+0.00$0$0
10 yr+0.00+0.00+0.00$0$0
30 yr+0.00+0.00+0.00$0$0

Dollar change per 1bp of spread movement, as filed and sign-anchored. A blank cell was not filed; a zero was.

Rate exposure by currency

Duration contribution in years, summing to the fund's 0.00 yr.

USD+0.00 yr
AUD+0.00 yr
CHF+0.00 yr
DKK+0.00 yr
EUR+0.00 yr
GBP+0.00 yr
4 others+0.00 yr

This is where the fund's rate exposure sits, not its currency risk — most international bond funds hedge the currency back to dollars, and the size of those hedges is not in the filing. Tenors are also summed across curves, so a 5-year JPY point and a 5-year USD point are added together.

Holdings

By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page

Issuer%NAVValue
ASML HOLDING NVASMLF3.50%$123.94M
DREYFUS INSTITUTIONAL PREFERRED MONEY MARKET FUNDS2.82%$99.84M
HSBC HOLDINGS PLCHBCYF1.48%$52.43M
ROCHE HOLDING AGRHHVF1.32%$46.75M
NOVARTIS AGNVSEF1.31%$46.33M
ASTRAZENECA PLCAZN1.29%$45.57M
NESTLE' SA/AGNSRGF1.20%$42.59M
SIEMENS AGSMAWF1.09%$38.69M
SHELL PLCRYDAF0.99%$35.23M
TOKYO ELECTRON LTDTOELF0.99%$35.05M
Showing 10 of 729Sign in to see more

Reported price is the fund's own reported value divided by its own reported shares at 2026-06-30 — not a live quote, and not what the fund paid.

Top 10 positions are 15.99% of net assets, top 25 27.95%, across 672 issuers.

See more of this fund's book

More positions with filed share counts, and the quarter-over-quarter change list rather than the largest few — free with an account, no card required.

Sign in free