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Name

As of 04/17/2024

Price

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

Empower Inflation-Protected Securities Fund

MXIOX | Fund

$8.82

$434 M

4.22%

$0.37

0.39%

Vitals

YTD Return

-0.6%

1 yr return

0.7%

3 Yr Avg Return

-0.3%

5 Yr Avg Return

2.2%

Net Assets

$434 M

Holdings in Top 10

51.0%

52 WEEK LOW AND HIGH

$8.8
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.39%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 137.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$0

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 04/17/2024

Price

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

Empower Inflation-Protected Securities Fund

MXIOX | Fund

$8.82

$434 M

4.22%

$0.37

0.39%

MXIOX - Profile

Distributions

  • YTD Total Return -0.6%
  • 3 Yr Annualized Total Return -0.3%
  • 5 Yr Annualized Total Return 2.2%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 3.09%
DIVIDENDS
  • Dividend Yield 4.2%
  • Dividend Distribution Frequency SemiAnnual

Fund Details

  • Legal Name
    Empower Inflation-Protected Securities Fund
  • Fund Family Name
    Great-West Funds
  • Inception Date
    Jan 05, 2018
  • Shares Outstanding
    N/A
  • Share Class
    Instl
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Peter Stone

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 inflation-protected securities (“IPS”) of varying maturities issued by the U.S. Treasury and other U.S. and non-U.S. government agencies and corporations, and other instruments, including inflation-linked swaps, with similar economic characteristics.The Fund may invest in derivatives, including but not limited to exchange-traded futures, interest rate swaps, and inflation-linked swaps that reference the Consumer Price Index For All Urban Consumers (“CPI-U”) as well as other measures of inflation.The remainder of the Fund’s assets may be invested in other fixed income securities, including, corporate bonds, asset-backed securities, mortgage-backed securities, below investment grade securities (commonly known as “high yield securities” or “junk bonds”), securities issued by foreign corporate and governmental issuers and U.S. government securities.The Fund’s target duration range under normal interest rate conditions is expected to approximate that of its benchmark index, the Bloomberg 1-10 Year U.S. Treasury Inflation-Protected Securities Index, plus or minus one year. As of December 31, 2022, the duration of this index was 3.86 years. “Duration” is a measure of a debt security’s price sensitivity to changes in interest rates. The longer the duration of the Fund (or an individual debt security), the more sensitive its market price will be to changes in interest rates. For example, if market interest rates increase by 1%, the market price of a debt security with a three-year effective duration will generally decrease by approximately 3%. Conversely, a 1% decline in market interest rates will generally result in an increase of approximately 3% of that security’s market price.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 Goldman Sachs Asset Management, L.P. (the “Sub-Adviser” or “GSAM”). GSAM seeks to generate consistent risk-adjusted performance by capitalizing on inefficiencies in markets that cause security prices to diverge from their fair value.
Read More

MXIOX - Performance

Return Ranking - Trailing

Period MXIOX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.6% -9.4% 3.4% 33.65%
1 Yr 0.7% -15.2% 5.1% 39.13%
3 Yr -0.3%* -13.8% 6.0% 37.13%
5 Yr 2.2%* -6.5% 5.0% 38.97%
10 Yr N/A* -2.2% 2.8% N/A

* Annualized

Return Ranking - Calendar

Period MXIOX Return Category Return Low Category Return High Rank in Category (%)
2023 0.2% -8.7% 5.1% 58.74%
2022 -16.0% -52.3% -4.0% 44.33%
2021 1.4% -7.9% 7.7% 34.67%
2020 5.4% -29.4% 23.0% 75.00%
2019 4.3% 0.8% 16.7% 75.90%

Total Return Ranking - Trailing

Period MXIOX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.6% -9.4% 3.4% 33.65%
1 Yr 0.7% -15.2% 5.1% 39.13%
3 Yr -0.3%* -13.8% 6.0% 37.13%
5 Yr 2.2%* -6.5% 5.0% 38.97%
10 Yr N/A* -2.2% 2.8% N/A

* Annualized

Total Return Ranking - Calendar

Period MXIOX Return Category Return Low Category Return High Rank in Category (%)
2023 4.1% -5.2% 9.5% 39.32%
2022 -8.7% -40.1% 9.2% 32.02%
2021 5.2% -2.7% 37.6% 58.79%
2020 8.0% -0.5% 27.5% 71.43%
2019 6.7% 2.8% 19.3% 61.03%

NAV & Total Return History

MXIOX - Holdings

Concentration Analysis

MXIOX Category Low Category High MXIOX % Rank
Net Assets 434 M 968 K 51.8 B 61.54%
Number of Holdings 308 2 1550 25.48%
Net Assets in Top 10 221 M 949 K 25 B 64.42%
Weighting of Top 10 51.04% 9.2% 103.8% 49.28%

Top 10 Holdings

  1. TII 1.625 10/15/27 11.53%
  2. TII 0.625 07/15/32 10.24%
  3. TII 1.375 07/15/33 7.80%
  4. TII 0.125 01/15/30 5.67%
  5. TII 0.125 07/15/26 3.81%
  6. TII 0.25 07/15/29 2.89%
  7. TII 0.125 07/15/31 2.82%
  8. TII 0.125 07/15/30 2.30%
  9. TII 1.125 01/15/33 2.15%
  10. TII 1.25 04/15/28 1.83%

Asset Allocation

Weighting Return Low Return High MXIOX % Rank
Bonds 		90.05% 0.00% 200.47% 85.58%
Other 		9.96% -51.42% 61.84% 9.13%
Convertible Bonds 		0.73% 0.00% 3.96% 16.35%
Stocks 		0.00% 0.00% 100.07% 25.48%
Preferred Stocks 		0.00% 0.00% 0.08% 21.15%
Cash 		0.00% -42.00% 30.48% 93.75%

Bond Sector Breakdown

Weighting Return Low Return High MXIOX % Rank
Government 		60.20% 6.70% 112.97% 88.46%
Securitized 		24.99% 0.00% 58.03% 8.65%
Corporate 		14.45% 0.00% 50.64% 12.98%
Derivative 		0.86% -26.13% 19.50% 32.69%
Municipal 		0.37% 0.00% 1.28% 15.87%
Cash & Equivalents 		0.00% 0.00% 20.89% 81.73%

Bond Geographic Breakdown

Weighting Return Low Return High MXIOX % Rank
US 		90.05% 0.00% 172.85% 78.37%
Non US 		0.00% 0.00% 54.30% 55.77%

MXIOX - Expenses

Operational Fees

MXIOX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.39% 0.03% 2.35% 73.30%
Management Fee 0.33% 0.00% 0.99% 57.21%
12b-1 Fee 0.00% 0.00% 1.00% 2.13%
Administrative Fee N/A 0.01% 0.40% N/A

Sales Fees

MXIOX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 4.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

MXIOX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A N/A N/A 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.

MXIOX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 137.00% 0.00% 246.00% 92.46%

MXIOX - Distributions

Dividend Yield Analysis

MXIOX Category Low Category High MXIOX % Rank
Dividend Yield 4.22% 0.00% 14.37% 4.81%

Dividend Distribution Analysis

MXIOX Category Low Category High Category Mod
Dividend Distribution Frequency SemiAnnual SemiAnnual Monthly Quarterly

Net Income Ratio Analysis

MXIOX Category Low Category High MXIOX % Rank
Net Income Ratio 3.09% -0.06% 6.71% 69.76%

Capital Gain Distribution Analysis

MXIOX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Distributions History

View More +

MXIOX - Fund Manager Analysis

Managers

Peter Stone

Start Date

Tenure

Tenure Rank

Mar 31, 2020

2.17

2.2%

Mr. Stone is the Head of the North American Government Swaps Strategy within GSAM. He is also a member of the Duration Strategy team. Mr. Stone joined GSAM in 2007.

Jon Calluzzo

Start Date

Tenure

Tenure Rank

Mar 31, 2022

0.17

0.2%

Mr. Calluzzo, Vice President of Goldman, is a senior portfolio manager in the short duration fixed income team. Before joining Goldman in 2016, he worked at Citibank for six years in various roles, including as a trader of US Treasuries.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.17 20.51 6.61 11.1

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