Empower Multi-Sector Bond Fund
Name
As of 03/26/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
0.6%
1 yr return
7.0%
3 Yr Avg Return
-0.2%
5 Yr Avg Return
2.7%
Net Assets
$760 M
Holdings in Top 10
17.7%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.60%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 67.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 03/26/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
MXUGX - Profile
Distributions
- YTD Total Return 0.6%
- 3 Yr Annualized Total Return -0.2%
- 5 Yr Annualized Total Return 2.7%
- Capital Gain Distribution Frequency None
- Net Income Ratio 3.16%
- Dividend Yield 6.4%
- Dividend Distribution Frequency SemiAnnual
Fund Details
-
Legal NameEmpower Multi-Sector Bond Fund
-
Fund Family NameGreat-West Funds
-
Inception DateMay 01, 2015
-
Shares OutstandingN/A
-
Share ClassInstl
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerMatthew Eagan
Fund Description
MXUGX - Performance
Return Ranking - Trailing
Period | MXUGX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 0.6% | -6.8% | 5.6% | 74.77% |
1 Yr | 7.0% | -9.3% | 23.2% | 56.66% |
3 Yr | -0.2%* | -16.6% | 18.0% | 59.93% |
5 Yr | 2.7%* | -13.0% | 15.0% | 33.27% |
10 Yr | N/A* | -13.4% | 6.7% | 12.09% |
* Annualized
Return Ranking - Calendar
Period | MXUGX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 2.1% | -12.0% | 15.7% | 62.75% |
2022 | -15.1% | -31.8% | 18.4% | 70.52% |
2021 | -5.4% | -26.6% | 25.7% | 91.16% |
2020 | 3.0% | -49.2% | 18.7% | 36.11% |
2019 | 8.8% | -35.1% | 15.3% | 8.78% |
Total Return Ranking - Trailing
Period | MXUGX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 0.6% | -6.8% | 5.6% | 74.77% |
1 Yr | 7.0% | -9.3% | 23.2% | 56.66% |
3 Yr | -0.2%* | -16.6% | 18.0% | 59.93% |
5 Yr | 2.7%* | -13.0% | 15.0% | 33.27% |
10 Yr | N/A* | -13.4% | 6.7% | 11.81% |
* Annualized
Total Return Ranking - Calendar
Period | MXUGX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 8.2% | -7.0% | 22.2% | 45.29% |
2022 | -11.1% | -31.8% | 21.1% | 65.61% |
2021 | 1.2% | -13.5% | 49.9% | 63.18% |
2020 | 9.5% | -28.6% | 24.1% | 10.80% |
2019 | 12.2% | -4.8% | 19.1% | 14.50% |
NAV & Total Return History
MXUGX - Holdings
Concentration Analysis
MXUGX | Category Low | Category High | MXUGX % Rank | |
---|---|---|---|---|
Net Assets | 760 M | 2.32 M | 127 B | 45.43% |
Number of Holdings | 1364 | 2 | 10577 | 14.26% |
Net Assets in Top 10 | 159 M | -1.57 B | 65.8 B | 48.10% |
Weighting of Top 10 | 17.69% | 0.7% | 170.6% | 79.78% |
Top 10 Holdings
- B 0 06/13/24 2.86%
- B 0 06/20/24 2.43%
- B 0 06/27/24 1.96%
- CITIGROUP GLOBAL MARKETS INC. SLRPD 5.340% 01/02/2024 1.84%
- Bank of Montreal SLRPD 5.340% 01/02/2024 1.84%
- RBC DOMINION SECURITIES INC. SLRPD 5.340% 01/02/2024 1.84%
- BOFA SECURITIES INC. SLRPD 5.350% 01/02/2024 1.84%
- T 4 11/15/52 1.67%
- B 0 01/04/24 0.82%
- T 5 08/31/25 0.56%
Asset Allocation
Weighting | Return Low | Return High | MXUGX % Rank | |
---|---|---|---|---|
Bonds | 76.04% | -150.81% | 203.29% | 70.71% |
Other | 29.24% | -72.32% | 100.00% | 7.89% |
Convertible Bonds | 3.97% | 0.00% | 33.50% | 23.52% |
Stocks | 0.24% | -1.60% | 99.88% | 52.35% |
Preferred Stocks | 0.22% | 0.00% | 30.46% | 27.92% |
Cash | 0.00% | -94.66% | 258.91% | 97.27% |
Stock Sector Breakdown
Weighting | Return Low | Return High | MXUGX % Rank | |
---|---|---|---|---|
Communication Services | 43.59% | 0.00% | 100.00% | 1.40% |
Basic Materials | 11.88% | 0.00% | 100.00% | 10.11% |
Healthcare | 9.62% | 0.00% | 18.60% | 11.24% |
Technology | 8.57% | 0.00% | 28.30% | 23.03% |
Industrials | 8.38% | 0.00% | 100.00% | 25.56% |
Consumer Defense | 4.83% | 0.00% | 99.97% | 21.07% |
Utilities | 3.22% | 0.00% | 100.00% | 25.56% |
Financial Services | 2.90% | 0.00% | 100.00% | 51.12% |
Energy | 2.71% | 0.00% | 100.00% | 64.04% |
Consumer Cyclical | 2.70% | 0.00% | 89.95% | 31.18% |
Real Estate | 1.61% | 0.00% | 100.00% | 39.89% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | MXUGX % Rank | |
---|---|---|---|---|
US | 0.24% | -1.47% | 99.88% | 49.47% |
Non US | 0.00% | -0.13% | 17.73% | 63.28% |
Bond Sector Breakdown
Weighting | Return Low | Return High | MXUGX % Rank | |
---|---|---|---|---|
Corporate | 63.96% | 0.00% | 96.66% | 18.47% |
Securitized | 22.20% | 0.00% | 99.65% | 39.12% |
Government | 13.09% | 0.00% | 99.43% | 44.44% |
Municipal | 0.65% | 0.00% | 54.26% | 16.74% |
Derivative | 0.63% | -72.32% | 37.37% | 21.46% |
Cash & Equivalents | 0.00% | 0.00% | 88.14% | 97.72% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | MXUGX % Rank | |
---|---|---|---|---|
US | 74.75% | -151.11% | 203.29% | 51.75% |
Non US | 1.29% | 0.00% | 67.77% | 55.84% |
MXUGX - Expenses
Operational Fees
MXUGX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.60% | 0.01% | 20.67% | 91.83% |
Management Fee | 0.52% | 0.00% | 2.29% | 28.46% |
12b-1 Fee | 0.00% | 0.00% | 1.00% | 9.83% |
Administrative Fee | N/A | 0.00% | 0.70% | 0.63% |
Sales Fees
MXUGX 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 | 1.00% | 5.00% | N/A |
Trading Fees
MXUGX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 0.50% | 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.
MXUGX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 67.00% | 0.00% | 632.00% | 39.01% |
MXUGX - Distributions
Dividend Yield Analysis
MXUGX | Category Low | Category High | MXUGX % Rank | |
---|---|---|---|---|
Dividend Yield | 6.40% | 0.00% | 18.15% | 28.72% |
Dividend Distribution Analysis
MXUGX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | SemiAnnual | Quarterly | Monthly | Quarterly |
Net Income Ratio Analysis
MXUGX | Category Low | Category High | MXUGX % Rank | |
---|---|---|---|---|
Net Income Ratio | 3.16% | -1.55% | 11.51% | 42.22% |
Capital Gain Distribution Analysis
MXUGX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | None | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 28, 2023 | $0.264 | OrdinaryDividend |
Sep 07, 2023 | $0.012 | OrdinaryDividend |
Jun 28, 2023 | $0.198 | OrdinaryDividend |
Dec 29, 2022 | $0.195 | OrdinaryDividend |
Jun 24, 2022 | $0.174 | OrdinaryDividend |
Jun 24, 2021 | $0.175 | OrdinaryDividend |
Jun 25, 2020 | $0.217 | OrdinaryDividend |
Dec 30, 2019 | $0.021 | OrdinaryDividend |
Sep 09, 2019 | $0.007 | OrdinaryDividend |
Jun 25, 2019 | $0.247 | OrdinaryDividend |
Sep 10, 2018 | $0.007 | OrdinaryDividend |
Jun 25, 2018 | $0.206 | OrdinaryDividend |
Dec 28, 2017 | $0.136 | OrdinaryDividend |
MXUGX - Fund Manager Analysis
Managers
Matthew Eagan
Start Date
Tenure
Tenure Rank
May 01, 2013
9.09
9.1%
Matthew J. Eagan is an Executive Vice President and a member of the Board of Directors of Loomis Sayles. Mr. Eagan started his investment career in 1989 and joined Loomis Sayles in 1997. Previously, he worked for Liberty Mutual Insurance Company as a senior fixed-income analyst and for BancBoston Financial Company as a senior credit analyst. Mr. Eagan received his BA from Northeastern University and his MBA from Boston University. He is a CFA® charterholder.
Elaine Stokes
Start Date
Tenure
Tenure Rank
May 01, 2013
9.09
9.1%
Elaine M. Stokes is an Executive Vice President and a member of the Board of Directors of Loomis Sayles. She has joined Loomis Sayles in 1988. Prior to becoming a portfolio manager in 2000, she had experience working in high yield, global and emerging markets, serving as a senior fixed-income trader and portfolio specialist. Ms. Stokes is co-head and founder of the Loomis Sayles Women's Network group and is on the executive board for the Strong Women, Strong Girls nonprofit organization. Ms. Stokes earned a BS from St. Michael's College.
Brian Kennedy
Start Date
Tenure
Tenure Rank
Jun 30, 2016
5.92
5.9%
Brian Kennedy is a Vice President of Loomis, Sayles & Company and co-portfolio manager of the firm’s multisector institutional strategies and mutual funds. Mr. Kennedy joined Loomis Sayles in 1994 as a securitized and government bond trader. Mr. Kennedy first joined the full discretion investment team as product manager in 2009, was promoted in 2013 to co-portfolio manager of the investment grade bond products and again in 2016 to co-portfolio manager of the multisector suite of products. He earned a BS from Providence College and an MBA from Babson College.
Benjamin Caron
Start Date
Tenure
Tenure Rank
Aug 24, 2018
3.77
3.8%
Benjamin Caron, CFA, is Senior Managing Director and Portfolio Manager at Newfleet Asset Management, LLC (since June 2011). Prior to June 2011, Mr. Caron was on the fixed income team at Goodwin. Mr. Caron also is a portfolio manager of a closed-end fund managed by Newfleet, in addition to assisting the senior portfolio manager in the management of several open-end funds managed by Newfleet. Mr. Caron joined Goodwin in 2002 as a client service associate for the institutional markets group focusing on institutional fixed income clients.
Stephen Hooker
Start Date
Tenure
Tenure Rank
Aug 24, 2018
3.77
3.8%
Stephen H. Hooker, CFA is the Director of Foreign Research, sector manager for emerging markets debt and a member of the corporate credit research group at Newfleet (since 2011). He is responsible for the paper and packaging and chemicals industry sectors, and the Eastern Europe, Middle East, and Africa sovereign credit sector. From 2005 until 2011, Mr. Hooker was vice president, senior credit analyst at Aladdin Capital Management and Global Plus Investment Management, respectively, both of which specialize in high yield and structured credit products. Prior to 2005, he was at Goodwin for 12 years, serving in various capacities, including as a senior credit analyst and emerging markets sector manager on its fixed income team. Mr. Hooker earned a B.A. in psychology from Trinity College. He has held the Chartered Financial Analyst designation since 1999. He began his career in the investment industry in 1993.
David Albrycht
Start Date
Tenure
Tenure Rank
Aug 24, 2018
3.77
3.8%
Mr. Albrycht is president and Chief Investment Officer of Newfleet. Prior to joining Newfleet in 2011, Mr. Albrycht was Executive Managing Director and Senior Portfolio Manager with Goodwin Capital Advisers, a former Virtus investment management subsidiary. Mr. Albrycht joined the Goodwin multi-sector fixed income team in 1985 as a credit analyst and has managed fixed income portfolios since 1991.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 28.19 | 5.72 | 3.19 |