MXEEX: Great-West Core Strats Shrt Dur Bd Instl

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MXEEX Great-West Core Strats Shrt Dur Bd Instl


Profile

MXEEX - Profile

Vitals

  • YTD Return -2.9%
  • 3 Yr Annualized Return N/A
  • 5 Yr Annualized Return N/A
  • Net Assets $193 M
  • Holdings in Top 10 36.2%

52 WEEK LOW AND HIGH

$9.97
$9.60
$10.44

Expenses

OPERATING RELATED FEES

  • Expense Ratio 2.21%

SALES FEES

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

BROKERAGE FEES

  • Turnover 109.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $0
  • IRA N/A

Fund Classification

  • Primary Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style Short-Term Bond

Distributions

  • YTD Total Return -2.9%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 2.97%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Great-West Core Strategies: Short Duration Bond Fund
  • Fund Family Name
    Great-West Funds
  • Inception Date
    Jun 25, 2018
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Jack Brown

Fund Description

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. It 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.


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Categories

Performance

MXEEX - Performance

Return Ranking - Trailing

Period MXEEX Return Category Return Low Category Return High Rank in Category (%)
YTD -2.9% -19.7% 1.0% 39.41%
1 Yr -2.3% -21.9% 3.7% 46.67%
3 Yr N/A* -8.2% 1.3% N/A
5 Yr N/A* -21.2% 1.8% N/A
10 Yr N/A* -11.2% 2.2% N/A

* Annualized

Return Ranking - Calendar

Period MXEEX Return Category Return Low Category Return High Rank in Category (%)
2019 2.7% -6.6% 4.9% 26.42%
2018 N/A -4.1% 1.0% N/A
2017 N/A -0.7% 2.8% N/A
2016 N/A -65.8% 7.1% N/A
2015 N/A -6.6% 3.0% N/A

Total Return Ranking - Trailing

Period MXEEX Return Category Return Low Category Return High Rank in Category (%)
YTD -2.9% -20.1% 1.0% 39.41%
1 Yr -2.3% -22.3% 3.7% 46.67%
3 Yr N/A* -7.9% 2.2% N/A
5 Yr N/A* -19.7% 2.0% N/A
10 Yr N/A* -9.6% 2.3% N/A

* Annualized

Total Return Ranking - Calendar

Period MXEEX Return Category Return Low Category Return High Rank in Category (%)
2019 2.7% -6.6% 4.9% 31.09%
2018 N/A -4.1% 3.2% N/A
2017 N/A -0.7% 4.7% N/A
2016 N/A -65.2% 8.4% N/A
2015 N/A -5.3% 3.1% N/A

NAV & Total Return History


Holdings

MXEEX - Holdings

Concentration Analysis

MXEEX Category Low Category High MXEEX % Rank
Net Assets 193 M 272 K 64 B 70.05%
Number of Holdings 100 6 2087 84.58%
Net Assets in Top 10 41.3 M -5.43 M 6.66 B 68.66%
Weighting of Top 10 36.21% 5.8% 99.5% 19.58%

Top 10 Holdings

  1. United States Treasury Notes 1.13% 12.19%
  2. United States Treasury Notes 2% 6.64%
  3. United States Treasury Notes 1.63% 6.49%
  4. Georgia-Pacific LLC 3.16% 2.02%
  5. JPMorgan Chase & Co. 3.21% 1.80%
  6. J. B. Hunt Transport Services, Inc. 3.3% 1.61%
  7. McCormick & Company, Incorporated 3.9% 1.45%
  8. GS Mortgage Securities Corp II 3.55% 1.35%
  9. SunTrust Bank 3.53% 1.33%
  10. AstraZeneca Plc 2.38% 1.33%

Asset Allocation

Weighting Return Low Return High MXEEX % Rank
Bonds
98.08% 22.39% 144.98% 19.40%
Convertible Bonds
1.77% 0.00% 5.54% 38.31%
Cash
0.15% -54.63% 77.61% 77.11%
Stocks
0.00% 0.00% 7.28% 96.02%
Preferred Stocks
0.00% 0.00% 37.76% 95.52%
Other
0.00% -0.56% 13.40% 92.54%

Bond Sector Breakdown

Weighting Return Low Return High MXEEX % Rank
Corporate
64.09% 2.17% 93.48% 12.44%
Government
25.54% -3.22% 61.46% 24.88%
Securitized
10.21% 0.00% 71.03% 84.08%
Cash & Equivalents
0.15% 0.15% 77.61% 100.00%
Derivative
0.00% -0.09% 32.63% 93.53%
Municipal
0.00% 0.00% 14.85% 100.00%

Bond Geographic Breakdown

Weighting Return Low Return High MXEEX % Rank
US
91.68% 0.00% 131.08% 8.46%
Non US
6.40% 0.00% 90.78% 86.57%

Expenses

MXEEX - Expenses

Operational Fees

MXEEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.21% 0.02% 43.40% 14.21%
Management Fee 0.23% 0.00% 1.19% 9.18%
12b-1 Fee 0.00% 0.00% 1.00% 11.11%
Administrative Fee N/A 0.05% 0.41% N/A

Sales Fees

MXEEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.75% 5.75% N/A
Deferred Load N/A 1.00% 4.00% 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 109.00% 0.00% 496.37% 71.67%

Distributions

MXEEX - Distributions

Dividend Yield Analysis

MXEEX Category Low Category High MXEEX % Rank
Dividend Yield 0.00% 0.00% 1.88% 97.10%

Dividend Distribution Analysis

MXEEX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annually Monthly Monthly

Net Income Ratio Analysis

MXEEX Category Low Category High MXEEX % Rank
Net Income Ratio 2.97% -2.82% 4.10% 19.29%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

MXEEX - Fund Manager Analysis

Managers

Jack Brown


Start Date

Tenure

Tenure Rank

Jun 25, 2018

1.68

1.7%

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.

Nate Simons


Start Date

Tenure

Tenure Rank

Jun 25, 2018

1.68

1.7%

Nate Simons, CFA, is Assistant Portfolio Manager Mr. Simons joined GWL&A in 2014. In addition to the Fund, Mr. Simons manages the Great-West Short Duration Bond Fund, Great-West U.S. Government Mortgage Securities Fund, stable value funds managed by GWCM and GWL&A, and certain fixed income separate accounts of GWL&A. Prior to joining GWL&A, Mr. Simons was employed since 2010 as an investment analyst at Navy Mutual Aid Association. Mr. Simons received a B.S. in economics and mathematics from Hillsdale College.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.03 23.75 5.35 3.08