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MXHYX Great-West Putnam High Yield Bond Inv

  • Fund
  • MXHYX
  • Price as of: Sep 19, 2019
  • $7.81 + $0.01 + 0.13%

MXHYX - Profile

Vitals

  • YTD Return 8.0%
  • 3 Yr Annualized Return -1.2%
  • 5 Yr Annualized Return -2.1%
  • Net Assets $257 M
  • Holdings in Top 10 5.7%

52 WEEK LOW AND HIGH

$7.81
$7.20
$8.00

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.39%

SALES FEES

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

BROKERAGE FEES

  • Turnover 40.00%

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 High Yield Bond

Distributions

  • YTD Total Return 8.0%
  • 3 Yr Annualized Total Return 2.4%
  • 5 Yr Annualized Total Return 0.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 5.41%
DIVIDENDS
  • Dividend Yield 4.2%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name Great-West High Yield Bond Fund
  • Fund Family Name Great-West Funds
  • Inception Date May 21, 2003
  • Shares Outstanding N/A
  • Share Class Other
  • Currency USD
  • Domiciled Country United States
  • Manager Robert L. Salvin

Fund Description

The fund normally invests a minimum of 80% of its net assets (plus the amount of any borrowings for investment purposes) in high yield-high risk corporate fixed income securities (fixed or floating rate securities), which may include zero-coupon bonds, convertible securities, preferred stock, bank loans (term and revolving loans), pay-in-kind bonds as well as "toggle bonds" (issuer's option to pay in kind) and Rule 144A fixed income securities that are subject to resale restrictions.

MXHYX - Performance

Return Ranking - Trailing

Period MXHYX Return Category Return Low Category Return High Rank in Category (%)
YTD 8.0% -4.6% 11.7% 22.92%
1 Yr -1.8% -10.2% 9.7% 79.24%
3 Yr -1.2%* -6.6% 2.2% 85.15%
5 Yr -2.1%* -8.6% 1.7% 67.28%
10 Yr N/A* -5.7% 3.4% N/A

* Annualized


Return Ranking - Calendar

Period MXHYX Return Category Return Low Category Return High Rank in Category (%)
2018 -11.0% -13.5% 0.0% 94.35%
2017 0.2% -9.5% 6.3% 79.71%
2016 8.6% -0.8% 28.6% 21.03%
2015 -10.4% -34.3% 3.5% 76.65%
2014 -2.5% -21.7% 2.6% 18.06%

Total Return Ranking - Trailing

Period MXHYX Return Category Return Low Category Return High Rank in Category (%)
YTD 8.0% -4.6% 11.7% 25.00%
1 Yr 2.7% -10.2% 11.1% 19.07%
3 Yr 2.4%* -6.6% 7.4% 28.71%
5 Yr 0.0%* -7.8% 5.9% 27.78%
10 Yr N/A* -1.9% 7.1% N/A

* Annualized


Total Return Ranking - Calendar

Period MXHYX Return Category Return Low Category Return High Rank in Category (%)
2018 -3.8% -13.5% 1.3% 26.52%
2017 3.5% -8.5% 10.5% 32.85%
2016 8.6% -0.8% 39.0% 36.41%
2015 -10.4% -32.4% 3.5% 80.84%
2014 -2.5% -16.5% 7.9% 38.06%

NAV & Total Return History

MXHYX - Holdings

Concentration Analysis

MXHYX Category Low Category High MXHYX % Rank
Net Assets 257 M 1.85 M 11.8 B 44.26%
Number of Holdings 557 3 1544 17.41%
Net Assets in Top 10 15.2 M -30.8 M 1.13 B 70.45%
Weighting of Top 10 5.69% 5.2% 3643.4% 98.79%

Top 10 Holdings

  1. Ally Financial Inc. 8% 0.84%

  2. Sprint Corporation 7.88% 0.73%

  3. Dell International L.L.C. and EMC Corporation 6.02% 0.58%

  4. CCO Holdings, LLC/ CCO Holdings Capital Corp. 5.38% 0.57%

  5. CSC Holdings, LLC 7.5% 0.57%

  6. Microchip Technology Incorporated 1.63% 0.51%

  7. Sprint Capital Corporation 6.88% 0.48%

  8. FINANCIAL & RISK US HOLDINGS 0.48%

  9. First Data Corporation 5.75% 0.47%

  10. GCP Applied Technologies Inc. 5.5% 0.47%


Asset Allocation

Weighting Return Low Return High MXHYX % Rank
Bonds
78.07% 0.00% 109.61% 83.00%
Convertible Bonds
10.33% 0.00% 35.95% 3.64%
Cash
6.90% -20.39% 63.34% 29.15%
Preferred Stocks
2.41% -0.06% 25.61% 6.88%
Stocks
2.28% -1.36% 22.14% 12.15%
Other
0.00% -10.14% 98.81% 78.14%

Stock Sector Breakdown

Weighting Return Low Return High MXHYX % Rank
Consumer Cyclical
0.44% -0.14% 4.07% 16.75%
Utilities
0.42% -0.04% 5.58% 11.52%
Financial Services
0.38% -0.03% 4.46% 12.57%
Communication Services
0.34% -0.04% 4.01% 10.99%
Industrials
0.17% 0.00% 7.70% 25.13%
Basic Materials
0.17% 0.00% 1.30% 13.61%
Energy
0.13% -0.06% 3.24% 37.70%
Technology
0.11% -0.17% 5.92% 13.61%
Healthcare
0.09% 0.00% 2.90% 10.99%
Real Estate
0.00% -0.03% 7.72% 70.16%
Consumer Defense
0.00% -0.09% 0.91% 69.63%

Stock Geographic Breakdown

Weighting Return Low Return High MXHYX % Rank
US
2.22% -1.36% 19.66% 11.34%
Non US
0.06% 0.00% 2.92% 23.48%

Bond Sector Breakdown

Weighting Return Low Return High MXHYX % Rank
Corporate
90.81% 0.00% 3345.86% 42.51%
Cash & Equivalents
6.90% -20.41% 53.07% 29.55%
Derivative
0.00% -18.65% 9.72% 68.83%
Securitized
0.00% 0.00% 88.21% 90.69%
Municipal
0.00% 0.00% 18.20% 70.45%
Government
0.00% -3298.93% 65.95% 84.62%

Bond Geographic Breakdown

Weighting Return Low Return High MXHYX % Rank
US
65.70% -233.75% 101.20% 54.25%
Non US
12.37% 0.00% 280.68% 77.73%

MXHYX - Expenses

Operational Fees

MXHYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.39% 0.00% 33.95% 40.34%
Management Fee 0.72% 0.00% 1.84% 77.20%
12b-1 Fee 0.00% 0.00% 1.00% 14.97%
Administrative Fee 0.35% 0.00% 0.50% 91.74%

Sales Fees

MXHYX 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

MXHYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.00% 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.

MXHYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 40.00% 5.00% 1334.00% 34.44%

MXHYX - Distributions

Dividend Yield Analysis

MXHYX Category Low Category High MXHYX % Rank
Dividend Yield 4.15% 0.00% 6.26% 10.80%

Dividend Distribution Analysis

MXHYX Category Low Category High Category Mode
Dividend Distribution Frequency Quarterly Annually Monthly Monthly

Dividend Payout History


Net Income Ratio Analysis

MXHYX Category Low Category High MXHYX % Rank
Net Income Ratio 5.41% -0.65% 8.97% 38.66%

Capital Gain Distribution Analysis

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

MXHYX - Managers

Robert L. Salvin

Manager

Start Date

Tenure

Tenure Rank

Aug 03, 2009

10.08

10.1%

Mr. Salvin is a Portfolio Manager of Putnam's global credit strategies. He is responsible for managing convertible securities, U.S. high-yield, global high-yield, and floating rate loan strategies. Mr. Salvin joined Putnam in 2000 and has been in the investment industry since 1986. Prior to joining Putnam, Mr. Salvin was a Managing Director at BancBoston Robertson Stephens from 1997 to 1999, a Director at SBC Warburg Inc. from 1996 to 1997, an Associate at Chase Securities from 1993 to 1996, and an Analyst at Broadview Associates from 1986 to 1991.


Paul D. Scanlon

Manager

Start Date

Tenure

Tenure Rank

Aug 03, 2009

10.08

10.1%

Mr. Scanlon is a Co-Head of Fixed Income, specializing in global credit and tax-exempt strategies. He is responsible for managing all facets of the corporate credit investment process and overseeing Putnam's taxexempt team. In addition, he is accountable for the research, trading, and creation of stand-alone corporate credit portfolios as well as a number of multi-sector strategies. Mr. Scanlon joined Putnam in 1999 and has been in the investment industry since 1986. Paul is a CFA charterholder.


Norman P. Boucher

Manager

Start Date

Tenure

Tenure Rank

Aug 03, 2009

10.08

10.1%

Norman is responsible for managing the cyclical part of Putnam’s high-yield portfolios. He joined Putnam as an Analyst covering the automotive, aerospace, and technology sectors. He served as a Portfolio Manager on the U.S. High Yield group before moving to Putnam’s London office to manage European high-yield portfolios. He rejoined the U.S. High Yield team in 2005. Norman joined Putnam in 1998 and has been in the investment industry since 1985.


Tenure Analysis

Category Low

0.0

Category High

30.1

Category Average

5.78

Category Mode

1.83