Label |
Element |
Value |
Risk Return Abstract |
rr_RiskReturnAbstract |
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|
Registrant Name |
dei_EntityRegistrantName |
EMPOWER FUNDS, INC.
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Prospectus Date |
rr_ProspectusDate |
Apr. 30, 2025
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Empower High Yield Bond Fund |
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Risk Return Abstract |
rr_RiskReturnAbstract |
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Risk/Return [Heading] |
rr_RiskReturnHeading |
<span style="color:#000000;font-family:Times New Roman;font-size:12pt;font-weight:bold;">Fund Summary</span>
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Objective [Heading] |
rr_ObjectiveHeading |
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;">Investment Objective</span>
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Objective, Primary [Text Block] |
rr_ObjectivePrimaryTextBlock |
The Fund seeks to obtain high current income with capital appreciation as a secondary objective when consistent with the primary objective.
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Objective, Secondary [Text Block] |
rr_ObjectiveSecondaryTextBlock |
with capital appreciation as a secondary objective when consistent with the primary objective
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Expense [Heading] |
rr_ExpenseHeading |
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;">Fees and Expenses of the Fund</span>
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Expense Narrative [Text Block] |
rr_ExpenseNarrativeTextBlock |
This table describes the fees and expenses that you may pay if you buy, hold and sell shares of the Fund. This table does not reflect the fees and expenses of any Permitted Account. If the fees and expenses of a Permitted Account were reflected, the fees and expenses shown below would be higher.
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Operating Expenses Caption [Text] |
rr_OperatingExpensesCaption |
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;">Annual Fund Operating Expenses</span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;"> (expenses that you pay each year as a percentage of the value of your investment)</span>
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Fee Waiver or Reimbursement over Assets, Date of Termination |
rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination |
<span style="color:#000000;font-family:Times New Roman;font-size:9pt;">April 30, 2026</span>
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Portfolio Turnover [Heading] |
rr_PortfolioTurnoverHeading |
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;">Portfolio Turnover</span>
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Portfolio Turnover [Text Block] |
rr_PortfolioTurnoverTextBlock |
The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate generally indicates higher transaction costs. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund’s performance. During the most recent fiscal year, the Fund’s turnover rate was 59% of the average value of its portfolio.
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Portfolio Turnover, Rate |
rr_PortfolioTurnoverRate |
59.00%
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Expense Example [Heading] |
rr_ExpenseExampleHeading |
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;">Example</span>
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Expense Example Narrative [Text Block] |
rr_ExpenseExampleNarrativeTextBlock |
This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The Example does not reflect the fees and expenses of any Permitted Account. If the fees and expenses of any Permitted Account were reflected, the fees and expenses in the Example would be higher.The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all of your shares at the end of each period. The Example also assumes that the Expense Limit is in place for the first year, that your investment has a 5% return each year, that all dividends and capital gains are reinvested, and that the Fund’s operating expenses are the amount shown in the fee table and remain the same for the years shown. Although your actual costs may be higher or lower, based on these assumptions, your costs would be:
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Strategy [Heading] |
rr_StrategyHeading |
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;">Principal Investment Strategies</span>
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Strategy Narrative [Text Block] |
rr_StrategyNarrativeTextBlock |
Below is a summary of the principal investment strategies of the Fund.The Fund will, under normal circumstances, invest at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in below investment grade securities (commonly known as “high yield securities” or “junk bonds”). Below investment grade securities are those rated Ba1 or lower by Moody’s Investors Service, Inc. (“Moody's”), BB+ or lower by Standard & Poor’s Global Ratings (“S&P”), have a comparable rating from another nationally recognized statistical rating organization, or are of a comparable quality if unrated and no more than 35% of the Fund’s total assets may be invested in securities that have below a B3/B- rating. The Fund will invest primarily in fixed or floating rate income securities, such as corporate bonds, convertible securities, bank loans (term and revolving), zero coupon bonds and Rule 144A fixed income securities that are subject to resale restrictions. The Fund invests primarily in securities that have intermediate to long-term maturities (three years or longer). Up to 20% of the total assets of the Fund may be invested in non-corporate fixed income securities. The Fund may invest in foreign securities and up to 20% of its total assets may be invested in securities not denominated in U.S. dollars. The Fund may invest in derivatives, including but not limited to forward currency contracts; futures and options on securities, securities indices or currencies; options on these futures; credit default swaps and credit default swap indices; and interest rate or currency swaps.Empower Capital Management, LLC (“ECM”) is the Fund’s investment adviser and, subject to the approval of the Board of Directors of Empower Funds (the “Board”), selects the Fund’s sub-adviser and monitors its performance on an ongoing basis. The Fund’s investment portfolio is managed by Franklin Advisers, Inc. (the “Sub-Adviser” or “Franklin Advisers”). Franklin Advisers’ investment approach combines a top-down, macroeconomic overview with strong fundamental credit research, which provides sector-specific coverage across the full credit rating spectrum and capital structure. Franklin Advisers integrates environmental, social, and governance (“ESG”) considerations into its fundamental research process and investment decision-making when the portfolio managers consider them material and relevant. ESG considerations are only one component in the evaluation of eligible investments and may not be a determinative factor in the final investment decision.
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Risk [Heading] |
rr_RiskHeading |
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;">Principal Investment Risks</span>
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Bar Chart and Performance Table [Heading] |
rr_BarChartAndPerformanceTableHeading |
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;">Performance</span>
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Performance Narrative [Text Block] |
rr_PerformanceNarrativeTextBlock |
The bar chart and table below provide an indication of the risk of investment in the Fund by showing changes in the performance of the Fund’s Investor Class shares for the last ten calendar years and by comparing the Fund's average annual total returns to the performance of a broad-based securities market index.The returns shown below are historical and are not an indication of future performance.Total return figures assume reinvestment of dividends and capital gains distributions and include the effect of the Fund’s recurring expenses, but do not include fees and expenses of any Permitted Account. If the fees and expenses of any Permitted Account were reflected, the performance shown would be lower.Updated performance information may be obtained at www.empower.com/investments/empower-funds/fund-documents (the website does not form a part of this Prospectus).
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Performance Information Illustrates Variability of Returns [Text] |
rr_PerformanceInformationIllustratesVariabilityOfReturns |
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">The bar chart and table below provide an indication of the risk of investment in the Fund by showing changes in the performance of the Fund’s Investor Class shares for the last ten calendar years and by comparing the Fund's average annual total returns to the performance of a broad-based securities market index.</span>
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Performance Availability Website Address [Text] |
rr_PerformanceAvailabilityWebSiteAddress |
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;">www.empower.com/investments/empower-funds/fund-documents</span>
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Performance Past Does Not Indicate Future [Text] |
rr_PerformancePastDoesNotIndicateFuture |
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;">The returns shown below are historical and are not an indication of future </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">performance.</span>
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Bar Chart [Heading] |
rr_BarChartHeading |
<span style="color:#000000;font-family:Times New Roman;font-size:12pt;font-weight:bold;">Calendar Year Total Returns</span>
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Bar Chart Does Not Reflect Sales Loads [Text] |
rr_BarChartDoesNotReflectSalesLoads |
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;">Total return figures assume reinvestment of dividends and capital gains distributions and include the effect of the </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;">Fund’s recurring expenses, but do not include fees and expenses of any Permitted Account. If the fees and expenses of any </span><span style="color:#000000;font-family:Times New Roman;font-size:10pt;">Permitted Account were reflected, the performance shown would be lower.</span>
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Bar Chart Closing [Text Block] |
rr_BarChartClosingTextBlock |
Quarter EndedTotal ReturnBest QuarterJune 30, 202012.30%Worst QuarterMarch 31, 2020-12.24%
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Performance Table Heading |
rr_PerformanceTableHeading |
<span style="color:#000000;font-family:Times New Roman;font-size:12pt;font-weight:bold;">Average Annual Total Returns for the Periods Ended December 31, 2024</span>
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|
Performance Table Market Index Changed |
rr_PerformanceTableMarketIndexChanged |
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Empower High Yield Bond Fund | Risk Lose Money [Member] |
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Risk Return Abstract |
rr_RiskReturnAbstract |
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Risk [Text Block] |
rr_RiskTextBlock |
and is subject to the possible loss of your original investment.
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Empower High Yield Bond Fund | Risk Not Insured [Member] |
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Risk Return Abstract |
rr_RiskReturnAbstract |
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Risk [Text Block] |
rr_RiskTextBlock |
An investment in the Fund is not a deposit with a bank, is not insured, endorsed or guaranteed by the Federal Deposit Insurance Corporation or any government agency
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Empower High Yield Bond Fund | Below Investment Grade Securities Risk [Member] |
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Risk Return Abstract |
rr_RiskReturnAbstract |
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Risk [Text Block] |
rr_RiskTextBlock |
Below Investment Grade Securities Risk - Below investment grade securities (commonly known as “high yield securities” or “junk bonds”) are speculative, have a higher degree of credit risk and interest rate risk, and may be less liquid and subject to greater volatility in market value than investment grade securities. In addition, high yield securities present a greater risk of loss (which may be substantial or total) of income and principal, than investment grade securities.
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Empower High Yield Bond Fund | Credit Risk [Member] |
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Risk Return Abstract |
rr_RiskReturnAbstract |
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Risk [Text Block] |
rr_RiskTextBlock |
Credit Risk - An issuer (or guarantor) of a security may default on its obligations to pay principal and/or interest. A security’s value may be affected by changes in its credit quality rating or its issuer’s financial conditions.
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Empower High Yield Bond Fund | Interest Rate Risk [Member] |
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Risk Return Abstract |
rr_RiskReturnAbstract |
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Risk [Text Block] |
rr_RiskTextBlock |
Interest Rate Risk - The market value of a fixed income security is affected significantly by changes (or the expectation of such changes) in interest rates. A wide variety of market and economic factors can cause interest rates to rise or fall, including central bank monetary policy, rising inflation, disinflation or deflation, and changes in general economic conditions. When interest rates rise, the market value of a fixed income security will generally decline and when interest rates decline, the market values of such securities will generally rise. In general, the longer the maturity or duration of a fixed income security, the greater its sensitivity to changes in interest rates. Changes in interest rates can be difficult to forecast and may have unpredictable effects on the markets and the Fund’s investments, including negatively affecting yield, value and/or liquidity. Actions taken by the Federal Reserve Board or foreign central banks to stimulate or stabilize economic growth, such as increases or decreases in short-term interest rates, may adversely affect markets, which could, in turn, negatively impact the Fund’s performance.
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Empower High Yield Bond Fund | Market Risk [Member] |
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Risk Return Abstract |
rr_RiskReturnAbstract |
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Risk [Text Block] |
rr_RiskTextBlock |
Market Risk - The value of the Fund’s investments may decrease, sometimes rapidly or unexpectedly, due to factors affecting (or perceived to affect) specific issuers held by the Fund, particular industries represented in the Fund’s portfolio, or the overall securities markets. A variety of factors can increase the volatility of the Fund’s holdings and markets generally, including political or regulatory developments, recessions, inflation, deflation, rapid interest rate changes, bank failures, war or acts of terrorism, sanctions, tariffs, natural disasters, outbreaks of infectious illnesses or other widespread public health issues, general outlook for corporate earnings, or adverse investor sentiment generally. Certain events may cause instability across global markets, including reduced liquidity and disruptions in trading markets, while some events may affect certain geographic regions, countries, sectors, and industries more significantly than others. These adverse developments may cause broad declines in an issuer’s value due to short-term market movements or for significantly longer periods during more prolonged market downturns.
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Empower High Yield Bond Fund | Liquidity Risk [Member] |
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Risk Return Abstract |
rr_RiskReturnAbstract |
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Risk [Text Block] |
rr_RiskTextBlock |
Liquidity Risk - The Fund may not be able to sell a security at or near its perceived value in a timely manner (or at all) because of unusual market conditions, an unusually high volume of redemption requests, little or no active trading market for a specific type of security, legal or contractual restrictions on resale, or a reduced number or capacity of market participants to make a market in such security. Liquidity risk may also refer to the risk that the Fund will not be able to pay redemption proceeds within the allowable time period or without significant dilution to the remaining investors’ interest due to market conditions or other factors. Extraordinary and sudden changes in interest rates could disrupt the market for fixed income securities and result in fluctuations in the Fund’s net asset value. Increased redemptions due to a rise in interest rates may require the Fund to liquidate its holdings at an unfavorable time and/or under adverse or disadvantageous conditions which may negatively affect the Fund. Investments in many, but not all, foreign securities tend to have greater exposure to liquidity risk than domestic securities because secondary trading markets for these securities may be smaller and less well-developed and the securities may trade less frequently.
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Empower High Yield Bond Fund | Convertible Securities Risk [Member] |
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Risk Return Abstract |
rr_RiskReturnAbstract |
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Risk [Text Block] |
rr_RiskTextBlock |
Convertible Securities Risk - The value of a convertible security held by the Fund may decline as interest rates rise and/or vary with fluctuations in the market value of the underlying securities, or the security may be called for redemption at a time and/or price unfavorable to the Fund.
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Empower High Yield Bond Fund | Call Risk [Member] |
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Risk Return Abstract |
rr_RiskReturnAbstract |
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Risk [Text Block] |
rr_RiskTextBlock |
Call Risk - An issuer may redeem a fixed income security before maturity (a “call”) at a price below its current market value.
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Empower High Yield Bond Fund | Bank Loan Risk [Member] |
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Risk Return Abstract |
rr_RiskReturnAbstract |
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Risk [Text Block] |
rr_RiskTextBlock |
Bank Loan Risk - Bank loans often involve borrowers whose financial conditions are troubled or uncertain and companies that are highly leveraged. The market for bank loans may not be highly liquid and the Fund may have difficulty selling bank loans. These investments expose the Fund to the credit risk of both the financial institution and the underlying borrower.
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Empower High Yield Bond Fund | Derivatives Risk [Member] |
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Risk Return Abstract |
rr_RiskReturnAbstract |
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Risk [Text Block] |
rr_RiskTextBlock |
Derivatives Risk - The use of derivatives, including but not limited to forward currency contracts; futures and options on securities, securities indices or currencies; options on these futures; credit default swaps and credit default swap indices; and interest rate or currency swaps, may expose the Fund to additional risks that it would not be subject to if it invested directly in the securities underlying those derivatives. These risks include imperfect correlations with underlying investments or the Fund’s other portfolio holdings, magnified losses resulting from leverage, counterparty risk, high price volatility, liquidity risk, segregation risk, valuation risk and legal restrictions.
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Empower High Yield Bond Fund | Foreign Securities Risk [Member] |
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Risk Return Abstract |
rr_RiskReturnAbstract |
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Risk [Text Block] |
rr_RiskTextBlock |
Foreign Securities Risk - Foreign markets can be more volatile than the U.S. market due to increased risks of adverse issuer, political, geopolitical (including war or armed conflict), regulatory, market, currency valuation, or economic or other developments and can perform differently than the U.S. market. Current tariffs, sanctions or the threat of potential tariffs, sanctions or other similar measures may also impair the value or liquidity of affected securities and negatively impact the Fund.
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Empower High Yield Bond Fund | Currency Risk [Member] |
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Risk Return Abstract |
rr_RiskReturnAbstract |
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Risk [Text Block] |
rr_RiskTextBlock |
Currency Risk - Adverse fluctuations in exchange rates between the U.S. dollar and other currencies may cause the Fund to lose money on investments denominated in foreign currencies.
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Empower High Yield Bond Fund | Management Risk [Member] |
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Risk Return Abstract |
rr_RiskReturnAbstract |
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Risk [Text Block] |
rr_RiskTextBlock |
Management Risk - A strategy, investment decision, technique, analysis, or model used by the portfolio managers may fail to produce the intended results or imperfections, errors or limitations in the tools and data used by the portfolio managers may cause unintended results. Therefore, the Fund could underperform in comparison to other funds with similar objectives and investment strategies and may generate losses even in a favorable market.
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Empower High Yield Bond Fund | Environmental Social and Governance Considerations Risk [Member] |
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|
Risk Return Abstract |
rr_RiskReturnAbstract |
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Risk [Text Block] |
rr_RiskTextBlock |
Environmental, Social and Governance Considerations Risk - The Fund’s portfolio selection strategy is not solely based on ESG considerations, and therefore the issuers in which the Fund invests may not be considered ESG-focused companies. Consideration of ESG factors may affect the Fund’s exposure to certain issuers or industries and may not work as intended. While ESG considerations may have the potential to contribute to the Fund’s long-term performance, there is no guarantee that such results will be achieved.
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Empower High Yield Bond Fund | Institutional |
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Risk Return Abstract |
rr_RiskReturnAbstract |
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Management Fees |
rr_ManagementFeesOverAssets |
0.60%
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Distribution and Service (12b-1) Fees |
rr_DistributionAndService12b1FeesOverAssets |
none
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|
Shareholder Services Fees |
rr_Component1OtherExpensesOverAssets |
none
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|
Other Expenses |
rr_Component2OtherExpensesOverAssets |
0.06%
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|
Total Other Expenses |
rr_OtherExpensesOverAssets |
0.06%
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Total Annual Fund Operating Expenses |
rr_ExpensesOverAssets |
0.66%
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|
Fee Waiver and Expense Reimbursement |
rr_FeeWaiverOrReimbursementOverAssets |
0.03%
|
[1] |
Total Annual Fund Operating Expenses After Fee Waiver and Expense Reimbursement |
rr_NetExpensesOverAssets |
0.63%
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|
1 Year |
rr_ExpenseExampleYear01 |
$ 64
|
|
3 Years |
rr_ExpenseExampleYear03 |
208
|
|
5 Years |
rr_ExpenseExampleYear05 |
365
|
|
10 Years |
rr_ExpenseExampleYear10 |
$ 820
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|
OneYear |
rr_AverageAnnualReturnYear01 |
8.03%
|
|
FiveYears |
rr_AverageAnnualReturnYear05 |
4.28%
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|
TenYears |
rr_AverageAnnualReturnYear10 |
|
|
SinceInception |
rr_AverageAnnualReturnSinceInception |
4.71%
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|
InceptionDate |
rr_AverageAnnualReturnInceptionDate |
May 01, 2015
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|
Empower High Yield Bond Fund | Investor |
|
|
|
Risk Return Abstract |
rr_RiskReturnAbstract |
|
|
Management Fees |
rr_ManagementFeesOverAssets |
0.60%
|
|
Distribution and Service (12b-1) Fees |
rr_DistributionAndService12b1FeesOverAssets |
none
|
|
Shareholder Services Fees |
rr_Component1OtherExpensesOverAssets |
0.35%
|
|
Other Expenses |
rr_Component2OtherExpensesOverAssets |
0.10%
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Total Other Expenses |
rr_OtherExpensesOverAssets |
0.45%
|
|
Total Annual Fund Operating Expenses |
rr_ExpensesOverAssets |
1.05%
|
|
Fee Waiver and Expense Reimbursement |
rr_FeeWaiverOrReimbursementOverAssets |
0.07%
|
[1] |
Total Annual Fund Operating Expenses After Fee Waiver and Expense Reimbursement |
rr_NetExpensesOverAssets |
0.98%
|
|
1 Year |
rr_ExpenseExampleYear01 |
$ 100
|
|
3 Years |
rr_ExpenseExampleYear03 |
327
|
|
5 Years |
rr_ExpenseExampleYear05 |
573
|
|
10 Years |
rr_ExpenseExampleYear10 |
$ 1,276
|
|
2015 |
rr_AnnualReturn2015 |
(4.69%)
|
|
2016 |
rr_AnnualReturn2016 |
15.54%
|
|
2017 |
rr_AnnualReturn2017 |
6.62%
|
|
2018 |
rr_AnnualReturn2018 |
(3.92%)
|
|
2019 |
rr_AnnualReturn2019 |
14.40%
|
|
2020 |
rr_AnnualReturn2020 |
10.79%
|
|
2021 |
rr_AnnualReturn2021 |
3.65%
|
|
2022 |
rr_AnnualReturn2022 |
(11.80%)
|
|
2023 |
rr_AnnualReturn2023 |
11.14%
|
|
2024 |
rr_AnnualReturn2024 |
7.64%
|
|
Highest Quarterly Return, Label |
rr_HighestQuarterlyReturnLabel |
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0.0pt;">Best Quarter</span>
|
|
Highest Quarterly Return, Date |
rr_BarChartHighestQuarterlyReturnDate |
Jun. 30, 2020
|
|
Highest Quarterly Return |
rr_BarChartHighestQuarterlyReturn |
12.30%
|
|
Lowest Quarterly Return, Label |
rr_LowestQuarterlyReturnLabel |
<span style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0.0pt;">Worst Quarter</span>
|
|
Lowest Quarterly Return, Date |
rr_BarChartLowestQuarterlyReturnDate |
Mar. 31, 2020
|
|
Lowest Quarterly Return |
rr_BarChartLowestQuarterlyReturn |
(12.24%)
|
|
OneYear |
rr_AverageAnnualReturnYear01 |
7.64%
|
|
FiveYears |
rr_AverageAnnualReturnYear05 |
3.92%
|
|
TenYears |
rr_AverageAnnualReturnYear10 |
4.57%
|
|
SinceInception |
rr_AverageAnnualReturnSinceInception |
|
|
Empower High Yield Bond Fund | Bloomberg U.S. Aggregate Bond Index (reflects no deduction for fees, expenses or taxes) |
|
|
|
Risk Return Abstract |
rr_RiskReturnAbstract |
|
|
OneYear |
rr_AverageAnnualReturnYear01 |
1.25%
|
|
FiveYears |
rr_AverageAnnualReturnYear05 |
(0.33%)
|
|
TenYears |
rr_AverageAnnualReturnYear10 |
1.35%
|
|
SinceInception |
rr_AverageAnnualReturnSinceInception |
1.26%
|
|
|
|