Great-West Core Strats Shrt Dur Bd Instl
Name
As of 01/18/2022Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
-33.6%
1 yr return
-0.4%
3 Yr Avg Return
2.8%
5 Yr Avg Return
N/A
Net Assets
$1.24 M
Holdings in Top 10
50.0%
52 WEEK LOW AND HIGH
$5.2
$5.18
$7.92
Expenses
OPERATING FEES
Expense Ratio 0.25%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 193.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 01/18/2022Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
MXEEX - Profile
Distributions
- YTD Total Return -33.6%
- 3 Yr Annualized Total Return 2.8%
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 1.37%
- Dividend Yield 136.5%
- Dividend Distribution Frequency Quarterly
Fund Details
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Legal NameGreat-West Core Strategies: Short Duration Bond Fund
-
Fund Family NameGreat-West Funds
-
Inception DateJun 25, 2018
-
Shares OutstandingN/A
-
Share ClassInst
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerJack Brown
Fund Description
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 investment grade bonds. The Fund will select securities based on relative value, maturity, quality and sector. The Fund will maintain an actively managed portfolio of bonds selected from several categories, including U.S. Treasuries and agency securities, commercial and residential mortgage-backed securities, asset-backed securities, and corporate bonds. The Fund will maintain a dollar weighted average duration between one and three years based on the portfolio managers’ forecast for interest rates. The Fund may invest up to 20% of its net assets in below investment grade securities (commonly known as “high yield securities” or “junk bonds”) and bank loans. The Fund may invest in derivatives, including but not limited to, futures contracts on U.S. Treasury securities.The Fund’s investment portfolio is managed by Great-West Capital Management, LLC (“GWCM”), the Fund’s investment adviser. In constructing the Fund’s portfolio, GWCM combines a “top-down” or macroeconomic analysis of the fixed income markets together with “bottom-up” security-by-security fundamental research to identify relative value opportunities.
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MXEEX - Performance
Return Ranking - Trailing
| Period | MXEEX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -33.6% | -33.6% | 0.5% | 100.00% |
| 1 Yr | -0.4% | -3.3% | 7.2% | 52.52% |
| 3 Yr | 2.8%* | -0.1% | 9.0% | 56.80% |
| 5 Yr | N/A* | 0.2% | 6.7% | N/A |
| 10 Yr | N/A* | 0.1% | 4.6% | N/A |
* Annualized
Return Ranking - Calendar
| Period | MXEEX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | -1.4% | -15.4% | 94.2% | 32.78% |
| 2022 | -23.0% | -23.0% | 206.3% | 100.00% |
| 2021 | 2.7% | -74.0% | 9.3% | 22.86% |
| 2020 | N/A | -50.6% | 1.0% | N/A |
| 2019 | N/A | -2.6% | 9.2% | N/A |
Total Return Ranking - Trailing
| Period | MXEEX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -33.6% | -33.6% | 0.5% | 100.00% |
| 1 Yr | -0.4% | -7.7% | 7.2% | 43.90% |
| 3 Yr | 2.8%* | -1.1% | 9.0% | 50.85% |
| 5 Yr | N/A* | -0.5% | 6.7% | N/A |
| 10 Yr | N/A* | 0.0% | 4.6% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | MXEEX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | -1.4% | -15.4% | 94.4% | 32.61% |
| 2022 | -23.0% | -23.0% | 206.3% | 100.00% |
| 2021 | 2.7% | -74.0% | 9.3% | 24.46% |
| 2020 | N/A | -5.0% | 6.5% | N/A |
| 2019 | N/A | -2.6% | 20.5% | N/A |
NAV & Total Return History
MXEEX - Holdings
Concentration Analysis
| MXEEX | Category Low | Category High | MXEEX % Rank | |
|---|---|---|---|---|
| Net Assets | 1.24 M | 1.24 M | 78.1 B | 100.00% |
| Number of Holdings | 28 | 2 | 4960 | 92.16% |
| Net Assets in Top 10 | 3.15 M | 7.78 K | 12 B | 98.24% |
| Weighting of Top 10 | 50.02% | 2.4% | 100.0% | 18.66% |
Top 10 Holdings
- United States Treasury Notes 1.75% 49.05%
- United States Treasury Notes 0.13% 12.68%
- United States Treasury Notes 0.13% 8.15%
- JPMorgan Chase & Co. 3.88% 4.32%
- T-Mobile USA, Inc. 3.5% 4.28%
- Wells Fargo & Company 4.13% 4.23%
- Bank of America Corporation 3.46% 4.22%
- J. B. Hunt Transport Services, Inc. 3.3% 4.21%
- Steel Dynamics, Inc. 2.8% 4.19%
- Dollar Tree Inc 3.7% 4.16%
Asset Allocation
| Weighting | Return Low | Return High | MXEEX % Rank | |
|---|---|---|---|---|
| Bonds | 96.85% | 0.00% | 138.65% | 17.07% |
| Convertible Bonds | 3.15% | 0.00% | 23.67% | 37.44% |
| Stocks | 0.00% | 0.00% | 97.29% | 71.13% |
| Preferred Stocks | 0.00% | 0.00% | 24.02% | 73.28% |
| Other | 0.00% | -1.48% | 22.16% | 64.64% |
| Cash | 0.00% | -48.14% | 42.67% | 88.48% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | MXEEX % Rank | |
|---|---|---|---|---|
| Corporate | 87.32% | 0.00% | 100.00% | 4.96% |
| Government | 12.68% | 0.00% | 78.31% | 60.00% |
| Derivative | 0.00% | 0.00% | 20.94% | 70.40% |
| Cash & Equivalents | 0.00% | 0.00% | 63.12% | 99.84% |
| Securitized | 0.00% | 0.00% | 98.81% | 98.40% |
| Municipal | 0.00% | 0.00% | 90.22% | 85.76% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | MXEEX % Rank | |
|---|---|---|---|---|
| US | 93.60% | -6.12% | 116.12% | 7.52% |
| Non US | 3.25% | 0.00% | 98.12% | 93.60% |
MXEEX - Expenses
Operational Fees
| MXEEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.25% | 0.02% | 2.48% | 91.95% |
| Management Fee | 0.23% | 0.00% | 1.19% | 21.57% |
| 12b-1 Fee | 0.00% | 0.00% | 1.00% | 12.92% |
| Administrative Fee | N/A | 0.01% | 0.50% | N/A |
Sales Fees
| MXEEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 0.00% | 5.75% | N/A |
| Deferred Load | N/A | 0.50% | 5.00% | N/A |
Trading Fees
| MXEEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| MXEEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 193.00% | 0.00% | 496.37% | 83.28% |
MXEEX - Distributions
Dividend Yield Analysis
| MXEEX | Category Low | Category High | MXEEX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 136.48% | 0.00% | 1.43% | 67.35% |
Dividend Distribution Analysis
| MXEEX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Quarterly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
| MXEEX | Category Low | Category High | MXEEX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.37% | -1.27% | 65.00% | 51.14% |
Capital Gain Distribution Analysis
| MXEEX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually |
MXEEX - Fund Manager Analysis
Managers
Jack Brown
Start Date
Tenure
Tenure Rank
Jun 25, 2018
3.52
3.5%
Jack Brown, CFA, is a Portfolio Manager with GWCM. Mr. Brown joined GWL&A in 2015 with 20 years of industry experience. Prior to joining GWL&A, Mr. Brown was employed at Oppenheimer Funds in the High Yield Bond Market. Mr. Brown received a B.S. in finance from the Metropolitan State College of Denver and an M.B.A. from the University of Colorado.
Maria Mendelsberg
Start Date
Tenure
Tenure Rank
May 07, 2020
1.65
1.7%
Maria Mendelsberg, CFA, Portfolio Manager, has managed the Funds since 2018. In addition to the Funds, Ms. Mendelsberg manages the Great-West Profile Funds, Great-West Conservative Lifetime Funds, and Great-West SecureFoundation Funds. Ms. Mendelsberg was previously a Partner and Investment Principal/Equity Analyst at Cambiar Investors from 1997-2016. Ms. Mendelsberg received a B.A. in Economics and Classics from Brown University.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.01 | 28.35 | 5.87 | 2.0 |