MXBEX: Great-West Lifetime 2040 Svc

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MXBEX Great-West Lifetime 2040 Svc

  • Fund
  • MXBEX
  • Price as of: Oct 15, 2019
  • $10.77 + $0.08 + 0.75%

MXBEX - Profile

Vitals

  • YTD Return 9.0%
  • 3 Yr Annualized Return 1.5%
  • 5 Yr Annualized Return N/A
  • Net Assets $161 M
  • Holdings in Top 10 67.6%

52 WEEK LOW AND HIGH

$10.77
$9.41
$11.36

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.57%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 36.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$0

IRA

N/A

Fund Classification

PRIMARY CATEGORY

  • Fund Type Open End Mutual Fund
  • Investment Style Target-Date 2040

Distributions

  • YTD Total Return 9.0%
  • 3 Yr Annualized Total Return 2.3%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency Semi-Monthly
  • Net Income Ratio 2.18%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Semi-Annually

Fund Details

  • Legal Name Great-West Lifetime 2040 Fund
  • Fund Family Name Great-West Funds
  • Inception Date Apr 28, 2016
  • Shares Outstanding N/A
  • Share Class Other
  • Currency USD
  • Domiciled Country United States
  • Manager Jack Brown

Fund Description

The fund seeks to achieve its objective by investing in a professionally selected mix of underlying funds that is tailored for investors planning to retire in (or otherwise begin using the invested funds on), or close to, 2040 (which is assumed to be at age 65). The fund is designed for investors who plan to withdraw the value of their account in the fund gradually after retirement. While the fund is non-diversified, it invests in diversified underlying holdings.

MXBEX - Performance

Return Ranking - Trailing

Period MXBEX Return Category Return Low Category Return High Rank in Category (%)
YTD 9.0% -0.9% 19.2% 86.46%
1 Yr -4.9% -19.8% 9.4% 84.01%
3 Yr 1.5%* -17.9% 9.6% 69.61%
5 Yr N/A* -11.1% 7.3% N/A
10 Yr N/A* -3.7% 9.5% N/A

* Annualized


Return Ranking - Calendar

Period MXBEX Return Category Return Low Category Return High Rank in Category (%)
2018 -15.9% -30.8% -0.6% 77.79%
2017 10.4% -36.9% 19.9% 54.87%
2016 N/A -5.2% 8.2% N/A
2015 N/A -25.3% -1.4% N/A
2014 N/A -12.7% 6.9% N/A

Total Return Ranking - Trailing

Period MXBEX Return Category Return Low Category Return High Rank in Category (%)
YTD 9.0% -0.9% 19.2% 86.46%
1 Yr -4.9% -19.8% 9.4% 88.40%
3 Yr 2.3%* -17.9% 11.0% 80.21%
5 Yr N/A* -11.1% 8.8% N/A
10 Yr N/A* -3.7% 9.5% N/A

* Annualized


Total Return Ranking - Calendar

Period MXBEX Return Category Return Low Category Return High Rank in Category (%)
2018 -13.7% -25.4% 1.3% 77.23%
2017 10.4% -36.9% 23.3% 79.21%
2016 N/A -3.2% 12.3% N/A
2015 N/A -25.3% 3.9% N/A
2014 N/A -8.5% 8.9% N/A

NAV & Total Return History

MXBEX - Holdings

Concentration Analysis

MXBEX Category Low Category High MXBEX % Rank
Net Assets 161 M 30.6 K 32.6 B 60.41%
Number of Holdings 29 3 488 17.18%
Net Assets in Top 10 101 M 20.6 K 23.2 B 63.57%
Weighting of Top 10 67.58% 25.2% 110.5% 89.62%

Top 10 Holdings

  1. Great-West S&P 500® Index Institutional 14.89%

  2. Great-West International Index Instl 11.04%

  3. Great-West Large Cap Growth Instl 6.79%

  4. Great-West S&P Mid Cap 400® Index Instl 6.44%

  5. Great-West International Value Instl 6.06%

  6. Great-West International Growth Instl 4.99%

  7. Great-West S&P SmallCap 600® Index Instl 4.75%

  8. Great-West Bond Index Institutional 4.29%

  9. Northern Emerging Markets Equity Index 4.17%

  10. Great-West Emerging Markets Equity Inst 4.17%


Asset Allocation

Weighting Return Low Return High MXBEX % Rank
Stocks
85.35% 0.00% 94.44% 21.17%
Bonds
11.18% -156.19% 68.56% 77.53%
Cash
1.80% -10.09% 187.11% 76.63%
Other
1.00% -0.36% 13.39% 12.44%
Preferred Stocks
0.57% 0.00% 36.80% 11.68%
Convertible Bonds
0.11% 0.00% 5.45% 68.80%

Stock Sector Breakdown

Weighting Return Low Return High MXBEX % Rank
Technology
14.08% 0.00% 18.58% 32.69%
Financial Services
13.43% 1.17% 19.22% 29.66%
Industrials
9.71% 0.00% 11.92% 11.15%
Consumer Cyclical
9.51% 0.00% 12.14% 26.22%
Healthcare
9.15% 0.00% 12.76% 29.04%
Real Estate
7.66% 0.00% 9.84% 7.71%
Consumer Defense
6.71% 0.00% 14.82% 14.25%
Basic Materials
4.07% 0.00% 5.28% 6.13%
Energy
3.97% 0.00% 5.21% 26.43%
Utilities
2.43% 0.00% 4.39% 28.08%
Communication Services
1.99% 0.00% 3.82% 39.23%

Stock Geographic Breakdown

Weighting Return Low Return High MXBEX % Rank
US
55.74% 0.00% 63.99% 9.76%
Non US
29.61% 0.00% 39.88% 28.04%

Bond Sector Breakdown

Weighting Return Low Return High MXBEX % Rank
Corporate
4.92% 1.43% 98.90% 77.25%
Government
4.15% -2.84% 37.89% 80.07%
Securitized
2.72% 0.00% 30.46% 72.51%
Cash & Equivalents
1.81% -16.88% 187.10% 76.63%
Municipal
0.06% 0.00% 1.63% 56.63%
Derivative
0.00% -170.75% 15.98% 17.80%

Bond Geographic Breakdown

Weighting Return Low Return High MXBEX % Rank
US
9.18% -189.52% 62.66% 78.42%
Non US
2.00% 0.00% 33.33% 73.06%

MXBEX - Expenses

Operational Fees

MXBEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.57% 0.00% 150.91% 49.53%
Management Fee 0.12% 0.00% 1.05% 37.28%
12b-1 Fee 0.10% 0.00% 1.00% 27.36%
Administrative Fee 0.35% 0.00% 0.40% 89.24%

Sales Fees

MXBEX 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% 4.00% N/A

Trading Fees

MXBEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 2.00% 2.00% N/A

Turnover 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.

MXBEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 36.00% 0.00% 200.00% 70.65%

MXBEX - Distributions

Dividend Yield Analysis

MXBEX Category Low Category High MXBEX % Rank
Dividend Yield 0.00% 0.00% 3.94% 73.40%

Dividend Distribution Analysis

MXBEX Category Low Category High Category Mode
Dividend Distribution Frequency Semi-Annually Annually Annually Annually

Dividend Payout History


Net Income Ratio Analysis

MXBEX Category Low Category High MXBEX % Rank
Net Income Ratio 2.18% -0.74% 6.29% 31.28%

Capital Gain Distribution Analysis

MXBEX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Semi-Monthly Annually Annually Annually

MXBEX - Managers

Jack Brown

Manager

Start Date

Tenure

Tenure Rank

Apr 28, 2016

3.42

3.4%

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.


Jonathan Kreider

Manager

Start Date

Tenure

Tenure Rank

Apr 28, 2016

3.42

3.4%

Jonathan Kreider, CFA, Portfolio Manager, has joined Great-West Capital Management, LLC since 2012. Mr. Kreider was previously a Management Consulting Associate at JDL Consultants, LLC from 2010-2012, and a Senior Research Analyst at Lipper, Inc. from 2005-2010. Mr. Kreider received a B.S. in finance and an M.B.A. from the University of Colorado.


Andrew Corwin

Manager

Start Date

Tenure

Tenure Rank

Apr 28, 2016

3.42

3.4%

Andrew Corwin, CFA, Portfolio Manager, has managed since 2014. Andrew Corwin, Assistant Portfolio Manager, has joined Great-West Capital Management, LLC since 2011. Mr. Corwin was previously an Investment Analyst and Investment Consultant at Strategies, LLC 2009-2011. Mr. Corwin received a B.S. in business administration with an emphasis in finance as well as a minor in mathematics from the University of Colorado.


Maria L. Mendelsberg

Manager

Start Date

Tenure

Tenure Rank

Apr 30, 2018

1.42

1.4%

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

0.0

Category High

14.92

Category Average

4.64

Category Mode

1.08