Empower Large Cap Growth Fund
EMPOWER FUNDS, INC. · 2 share classes
Fund classification
Classified from what the fund holds · as of 2026 Q2
Empower Large Cap Growth Fund is an actively managed U.S. equity fund. 30% of MXLGX’s stock holdings are in companies whose revenue grew in the top quartile of U.S. companies over the last five fiscal years (covering 94% of the fund’s equity).
- Asset class
- Equity
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
Fund profile
As filed in the prospectus · 2026 Q2
The Fund seeks long-term growth of capital.
The fund invests at least 80% of assets in equity securities of large-capitalization companies with market capitalizations of $4 billion or more, emphasizing growth stocks expected to deliver superior earnings and sustained revenue growth. Two sub-advisers manage the portfolio: JPMorgan uses fundamental bottom-up analysis to identify companies with positive price momentum and attractive fundamentals within the Russell 1000 Growth universe, while Victory Capital applies quantitative analysis and fundamental research to select large-cap growth stocks. The principal adviser, Empower Capital Management, maintains a target 50/50 allocation between the sub-advisers and may adjust allocations without shareholder approval.
| Share class | Gross | Net | As of |
|---|---|---|---|
| MXLGX | 0.98% | 0.98% | 2025 Q2 |
| MXGSX | 0.61% | 0.62% | 2025 Q2 |
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
Portfolio turnover 51.00% · as of 2026 Q2
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| Stocks | 98.10% |
| Cash & short-term | 0.29% |
Look-through blends 1 underlying fund; 0.0% of NAV was not looked through and stays direct-classified.
Sector allocation
The same holdings as Allocation above, grouped by market sector instead of asset type · as of 2026 Q2
| Information Technology | 45.4% |
| Industrials | 11.0% |
| Communication Services | 9.9% |
| Consumer Discretionary | 9.4% |
| 8 smaller | 24.2% |
Government, Securitized and Cash are non-corporate buckets; International is foreign holdings we don’t sector-classify, and Other is the residual (held funds, unresolved names).
Portfolio growth profile
How much of the fund’s stock holdings are in fast-growing companies · as of 2026 Q2
Share of the fund’s equity (by value) in companies whose trailing five-year revenue — or net-income — growth ranks in the top 25% of U.S. public companies. Foreign and newly-listed holdings are excluded, so the figure covers only part of the book. From SEC filings — not investment advice. How we measure this.
Latest quarter
What changed since the fund's previous filing
Return profile
Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026
| Share class | 1-year | 3-year | 5-year | Vol | Worst fall |
|---|---|---|---|---|---|
| +21.68% | +76.12% | +63.45% | 15.81% | -11.58% | |
| +22.05% | +77.93% | +66.17% | 15.74% | -11.41% |
These classes hold the same portfolio, so the 2.71pp spread over 5 years is the cost difference between them — roughly 0.54pp a year — not a difference in what they own.
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.
Holdings
By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page
| Ticker | Issuer | %NAV | Reported price | Value | Shares |
|---|---|---|---|---|---|
| GOOG | ALPHABET INCGOOG | 6.22% | $353.33 | $143.52M | 406.2K |
| NVDA | NVIDIA CORPNVDA | 6.19% | $200.09 | $142.94M | 714.4K |
| AAPL | APPLE INCAAPL | 5.42% | $289.36 | $125.05M | 432.2K |
| AMD | ADVANCED MICRO DEVICES INCAMD | 4.10% | $580.91 | $94.69M | 163.0K |
| LLY | ELI LILLY & COMPANYLLY | 3.52% | $1,199.43 | $81.24M | 67.7K |
| APH | AMPHENOL CORPAPH | 2.89% | $176.32 | $66.78M | 378.8K |
| AMZN | AMAZON.COM INCAMZN | 2.69% | $238.34 | $62.16M | 260.8K |
| MSFT | MICROSOFT CORPMSFT | 2.54% | $373.02 | $58.63M | 157.2K |
| — | ASML HOLDING NV | 2.51% | $1,989.44 | $57.88M | 29.1K |
| AVGO | BROADCOM INCAVGO | 2.12% | $377.75 | $48.90M | 129.5K |
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 38.20% of net assets, top 25 60.47%, across 105 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.
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