SEMI-ANNUAL SHAREHOLDER REPORT
June 3
0, 2026
Fund Expenses for the period ended
June 30, 2026
(Based on a hypothetical $10,000 investment)
Fund (Class) | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| Empower Bond Index Fund (Institutional Class/MXCOX) | $ | % |
Key Fund Statistics
The following table outlines key fund statistics that you should pay attention to.
Fund net assets | $ |
Total number of portfolio holdings | |
Total advisory fee paid | $ |
Portfolio turnover rate as of the end of the reporting period (not annualized) | % |
Average Credit Quality | Aa2 |
Weighted Average Maturity | 12 years |
Effective Duration | 5.87 years |
Graphical Representation of Holdings
The tables below show the investment makeup of the Fund, representing percentages of the total investments of the Fund.
Top Ten Hol
din
gs| United States Treasury Note/Bond 4.63% | % |
| United States Treasury Note/Bond 3.50% | % |
| United States Treasury Note/Bond 1.63% | % |
| United States Treasury Note/Bond 4.13% | % |
| United States Treasury Note/Bond 0.88% | % |
| United States Treasury Note/Bond 3.38% | % |
| United States Treasury Note/Bond 4.00% | % |
| United States Treasury Note/Bond 3.88% | % |
| United States Treasury Note/Bond 0.50% | % |
| Fairway Finance Co LLC | % |
CREDIT RATING ALLOCATION
(a)
(a) Security ratings disclosed with the exception of those labeled “Not Rated” are provided by a Nationally Recognized Statistical Ratings Organization ("NRSRO"). Our preferred vendor has been chosen based on asset coverage and historical ratings accuracy. When ratings are unavailable from our preferred vendor, other NRSROs may be utilized.
Material Fund Changes
There were no material changes to the Fund during the reporting period.
Changes in and Disagreements with Accountants
There were no changes in or disagreements with the Fund's accountants during the reporting period.
Availability of Additional Information
Scan the QR code at left or visit
https://www.empower.com/investments/empower-funds/fund-documents
to view additional information about the Fund such as the prospectus, financial information, fund holdings and proxy voting information. You may also request this information by contacting us at 1-866-831-7129.Householding
In order to reduce expenses, we will deliver a single copy of prospectuses, proxies, financial reports and other communication to shareholders with the same residential address, provided they have the same last name or we reasonably believe them to be members of the same family. Unless we are notified otherwise, we will continue to send recipients only one copy of these materials for as long as they remain a shareholder of the Fund. If you would like to receive individual mailings, please call 1-866-831-7129 and we will begin sending you separate copies of these materials within 30 days after receiving your request.
EMPOWER FUNDS
