MXLMX: Great-West Multi-Sector Bond Fund - MutualFunds.com

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Great-West Multi-Sector Bond Investor

MXLMX - Snapshot

Vitals

  • YTD Return 3.2%
  • 3 Yr Annualized Return 4.3%
  • 5 Yr Annualized Return 5.6%
  • Net Assets $607 M
  • Holdings in Top 10 7.6%

52 WEEK LOW AND HIGH

$14.28
$12.07
$14.40

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.92%

SALES FEES

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

BROKERAGE FEES

  • Turnover 81.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $0
  • IRA N/A

Fund Classification


Compare MXLMX to Popular Bond Sector Diversified Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$11.76

+0.09%

$125.18 B

5.67%

$0.67

-2.33%

1.09%

$10.10

+0.10%

$32.57 B

3.34%

$0.34

1.30%

0.74%

$8.09

+0.25%

$18.31 B

4.04%

$0.33

-0.49%

0.79%

$9.75

0.00%

$17.55 B

6.73%

$0.66

-9.05%

0.92%

$12.40

+0.08%

$15.03 B

2.63%

$0.33

0.98%

0.97%

MXLMX - Profile

Distributions

  • YTD Total Return 3.2%
  • 3 Yr Annualized Total Return 4.3%
  • 5 Yr Annualized Total Return 5.6%
  • Capital Gain Distribution Frequency None
  • Net Income Ratio 4.18%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Semi-Monthly

Fund Details

  • Legal Name
    Great-West Multi-Sector Bond Fund
  • Fund Family Name
    Great-West Funds
  • Inception Date
    Nov 01, 1994
  • Shares Outstanding
    N/A
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Daniel Fuss

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 fixed income securities. It may invest up to 65% of its total assets in securities of below investment grade quality ("high yield-high risk" or "junk") bonds. The fund may invest up to 20% in preferred stock and convertible preferred stock.


MXLMX - Performance

Return Ranking - Trailing

Period MXLMX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.2% -38.9% 302.3% 12.50%
1 Yr 5.9% -30.9% 18.8% 15.86%
3 Yr 4.3%* -11.8% 8.1% 14.63%
5 Yr 5.6%* -15.5% 10.9% 12.35%
10 Yr 5.6%* -1.4% 11.8% 10.51%

* Annualized

Return Ranking - Calendar

Period MXLMX Return Category Return Low Category Return High Rank in Category (%)
2019 9.7% -35.1% 15.3% 2.03%
2018 -5.9% -48.0% 3.1% 60.65%
2017 4.4% -14.8% 11.2% 9.14%
2016 8.2% -11.2% 10.7% 3.29%
2015 -10.0% -51.1% 4.8% 92.04%

Total Return Ranking - Trailing

Period MXLMX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.2% -38.9% 302.3% 12.50%
1 Yr 5.9% -33.3% 18.8% 12.91%
3 Yr 4.3%* -13.6% 8.1% 12.56%
5 Yr 5.6%* -16.5% 10.9% 10.93%
10 Yr 5.6%* -1.4% 11.8% 10.19%

* Annualized

Total Return Ranking - Calendar

Period MXLMX Return Category Return Low Category Return High Rank in Category (%)
2019 9.7% -35.1% 15.3% 2.03%
2018 -3.0% -48.0% 8.0% 41.74%
2017 4.8% -14.8% 15.2% 24.68%
2016 8.2% -11.2% 17.7% 12.02%
2015 -10.0% -51.1% 5.4% 95.35%

NAV & Total Return History


MXLMX - Holdings

Concentration Analysis

MXLMX Category Low Category High MXLMX % Rank
Net Assets 607 M 2.71 M 125 B 50.71%
Number of Holdings 1008 3 7722 26.62%
Net Assets in Top 10 44.7 M -3.22 B 29.7 B 56.34%
Weighting of Top 10 7.61% 4.9% 100.0% 92.76%

Top 10 Holdings

  1. United States Treasury Bonds 2% 1.16%
  2. United States Treasury Bills 0.1% 0.96%
  3. Banco Santander, S.A. 5.18% 0.92%
  4. United States Treasury Bonds 2.38% 0.82%
  5. DISH Network Corporation 2.38% 0.73%
  6. Transcontinental Gas Pipe Line Company, LLC 7.85% 0.64%
  7. T-Mobile USA, Inc. 3.88% 0.61%
  8. ArcelorMittal S.A. 7% 0.59%
  9. AT&T Inc 4.5% 0.58%
  10. United States Treasury Bonds 2.25% 0.58%

Asset Allocation

Weighting Return Low Return High MXLMX % Rank
Bonds
94.81% -256.79% 258.37% 31.15%
Convertible Bonds
3.07% 0.00% 160.39% 29.72%
Cash
1.46% -164.01% 356.79% 74.37%
Preferred Stocks
0.41% 0.00% 28.52% 28.17%
Stocks
0.23% -65.68% 160.07% 31.70%
Other
0.00% -14.86% 100.67% 45.49%

Stock Sector Breakdown

Weighting Return Low Return High MXLMX % Rank
Communication Services
92.78% 0.00% 100.00% 3.02%
Utilities
7.22% 0.00% 100.00% 22.79%
Technology
0.00% 0.00% 100.00% 49.53%
Real Estate
0.00% 0.00% 100.00% 58.60%
Industrials
0.00% 0.00% 100.00% 62.09%
Healthcare
0.00% 0.00% 100.00% 59.30%
Financial Services
0.00% 0.00% 100.00% 64.65%
Energy
0.00% 0.00% 100.00% 72.33%
Consumer Defense
0.00% 0.00% 94.96% 47.44%
Consumer Cyclical
0.00% 0.00% 100.00% 61.86%
Basic Materials
0.00% 0.00% 29.24% 51.40%

Stock Geographic Breakdown

Weighting Return Low Return High MXLMX % Rank
US
0.23% -62.15% 160.07% 29.30%
Non US
0.00% -3.53% 3.09% 38.45%

Bond Sector Breakdown

Weighting Return Low Return High MXLMX % Rank
Corporate
72.13% 0.00% 99.47% 11.41%
Securitized
17.26% 0.00% 98.82% 49.30%
Government
8.53% 0.00% 99.16% 58.73%
Cash & Equivalents
1.47% 0.00% 100.00% 92.11%
Municipal
0.61% 0.00% 41.64% 20.85%
Derivative
0.00% 0.00% 68.51% 65.77%

Bond Geographic Breakdown

Weighting Return Low Return High MXLMX % Rank
US
76.91% -256.79% 241.12% 32.11%
Non US
17.90% -23.27% 123.13% 55.35%

MXLMX - Expenses

Operational Fees

MXLMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.92% 0.01% 24.26% 68.76%
Management Fee 0.52% 0.00% 2.25% 26.47%
12b-1 Fee 0.00% 0.00% 1.00% 3.47%
Administrative Fee N/A 0.01% 0.70% 94.30%

Sales Fees

MXLMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 6.50% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

MXLMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.40% 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.

MXLMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 81.00% 0.00% 493.00% 49.61%

MXLMX - Distributions

Dividend Yield Analysis

MXLMX Category Low Category High MXLMX % Rank
Dividend Yield 0.00% 0.00% 6.28% 25.90%

Dividend Distribution Analysis

MXLMX Category Low Category High Category Mod
Dividend Distribution Frequency Semi-Monthly Annually Monthly Monthly

Net Income Ratio Analysis

MXLMX Category Low Category High MXLMX % Rank
Net Income Ratio 4.18% -1.55% 18.14% 26.85%

Capital Gain Distribution Analysis

MXLMX Category Low Category High Capital Mode
Capital Gain Distribution Frequency None Annually Semi-Annually Annually

Dividend Payout History

View More +

MXLMX - Fund Manager Analysis

Managers

Daniel Fuss


Start Date

Tenure

Tenure Rank

Nov 01, 1994

25.93

25.9%

Dan Fuss has been with Loomis, Sayles & Company since 1976. He is Vice Chairman of the firm and co-manager on numerous institutional accounts for the fixed-income group. In 2012, Mr. Fuss received the Institutional Investor Money Management Lifetime Achievement Award and the Lipper Excellence in Investing Award. In 2013, Mr. Fuss received the CFA Society of Milwaukee Lifetime Achievement Award. In 2000, he was named to the Fixed Income Analysts Society’s Hall of Fame. Mr. Fuss received his BS and his MBA from Marquette University, and is a CFA® charterholder.

Matthew Eagan


Start Date

Tenure

Tenure Rank

May 01, 2013

7.42

7.4%

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

7.42

7.4%

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

4.25

4.3%

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. Mr. Kennedy earned a BS from Providence College and an MBA from Babson College.

Stephen Hooker


Start Date

Tenure

Tenure Rank

Aug 24, 2018

2.1

2.1%

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.

Benjamin Caron


Start Date

Tenure

Tenure Rank

Aug 24, 2018

2.1

2.1%

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.

David Albrycht


Start Date

Tenure

Tenure Rank

Aug 24, 2018

2.1

2.1%

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
0.01 29.4 5.44 1.53