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Name

As of 12/20/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Empower Mid Cap Value Fund

MXMVX | Fund

$15.07

$640 M

0.10%

$0.02

1.24%

Vitals

YTD Return

16.3%

1 yr return

16.6%

3 Yr Avg Return

0.6%

5 Yr Avg Return

5.2%

Net Assets

$640 M

Holdings in Top 10

11.6%

52 WEEK LOW AND HIGH

$14.9
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.24%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 227.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$0

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 12/20/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Empower Mid Cap Value Fund

MXMVX | Fund

$15.07

$640 M

0.10%

$0.02

1.24%

MXMVX - Profile

Distributions

  • YTD Total Return 16.3%
  • 3 Yr Annualized Total Return 0.6%
  • 5 Yr Annualized Total Return 5.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.86%
DIVIDENDS
  • Dividend Yield 0.1%
  • Dividend Distribution Frequency SemiAnnual

Fund Details

  • Legal Name
    Empower Mid Cap Value Fund
  • Fund Family Name
    Great-West Funds
  • Inception Date
    Oct 24, 2012
  • Shares Outstanding
    N/A
  • Share Class
    Investor
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Len Ioffe

Fund Description

Below is a summary of the principal investment strategies of the Fund.The Fund will, under normal circumstances, invest at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in equity securities of U.S. mid-capitalization (“mid cap”) companies, including foreign issuers that are traded in the U.S. For purposes of the 80% policy, the Fund considers mid cap companies to be those whose market capitalization falls within the range of the Russell Midcap® Value Index at the time of initial purchase. As of December 31, 2023, the market capitalization range of the Russell Midcap® Value Index was between $750 million and $59 billion. If the market capitalization of a company held by the Fund moves outside this range, the Fund may, but is not required to, sell the securities.The Fund emphasizes a “value style” of investing, seeking companies that are undervalued in comparison to their peers due to economic, market, company-specific or other factors, but have the prospect of achieving improved valuations in the future.The Fund may invest in real estate investment trusts (“REITs”) and derivatives, including but not limited to futures contracts. The Fund may engage in active and frequent trading of its portfolio securities. The Fund may also focus its investments in certain sectors, such as the financial sector.Empower Capital Management, LLC (“ECM”) is the Fund’s investment adviser and, subject to the approval of the Board of Directors of Empower Funds (the “Board”), selects the Fund’s sub-adviser and monitors its performance on an ongoing basis. The Fund’s investment portfolio is managed by Goldman Sachs Asset Management, L.P. (the “Sub-Adviser” or “GSAM”). GSAM manages the Fund using a quantitative investment process, in combination with a qualitative overlay. GSAM’s investment style emphasizes fundamentally based stock selection, careful portfolio construction and efficient implementation.
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MXMVX - Performance

Return Ranking - Trailing

Period MXMVX Return Category Return Low Category Return High Rank in Category (%)
YTD 16.3% -17.9% 30.5% 8.06%
1 Yr 16.6% -17.3% 30.6% 7.22%
3 Yr 0.6%* -2.0% 15.4% 96.90%
5 Yr 5.2%* 1.0% 16.8% 94.83%
10 Yr 3.4%* 1.2% 10.9% 98.86%

* Annualized

Return Ranking - Calendar

Period MXMVX Return Category Return Low Category Return High Rank in Category (%)
2023 14.6% -11.3% 33.3% 12.78%
2022 -29.8% -41.6% 2.3% 98.03%
2021 29.6% -41.5% 44.9% 14.08%
2020 -1.1% -29.0% 22.1% 66.48%
2019 20.3% -8.1% 31.2% 61.24%

Total Return Ranking - Trailing

Period MXMVX Return Category Return Low Category Return High Rank in Category (%)
YTD 16.3% -17.9% 30.5% 8.06%
1 Yr 16.6% -17.3% 30.6% 7.22%
3 Yr 0.6%* -2.0% 15.4% 96.90%
5 Yr 5.2%* 1.0% 16.8% 94.83%
10 Yr 3.4%* 1.2% 10.9% 98.86%

* Annualized

Total Return Ranking - Calendar

Period MXMVX Return Category Return Low Category Return High Rank in Category (%)
2023 15.1% -1.7% 36.5% 33.33%
2022 -28.0% -35.0% 2.4% 99.44%
2021 33.9% 6.2% 48.3% 12.68%
2020 -0.3% -22.9% 23.2% 75.64%
2019 20.5% -3.0% 35.7% 90.24%

NAV & Total Return History

MXMVX - Holdings

Concentration Analysis

MXMVX Category Low Category High MXMVX % Rank
Net Assets 640 M 991 K 28 B 59.28%
Number of Holdings 210 8 2308 18.01%
Net Assets in Top 10 75.2 M 349 K 5.52 B 68.70%
Weighting of Top 10 11.58% 4.6% 100.2% 91.97%

Top 10 Holdings

  1. D.R. Horton, Inc. COM 1.45%
  2. Ametek, Inc. COM 1.26%
  3. Xcel Energy Inc COM USD2.5 1.26%
  4. IQVIA Holdings Inc. COM 1.24%
  5. Eversource Energy COM 1.10%
  6. NVR Inc COM 1.08%
  7. Equifax Inc. COM 1.07%
  8. Synchrony Financial COM 1.06%
  9. Ferguson Enterprises Inc COMMON STOCK NEW 1.04%
  10. Packaging Corporation of America COM USD0.01 1.04%

Asset Allocation

Weighting Return Low Return High MXMVX % Rank
Stocks 		98.82% 55.64% 103.20% 42.66%
Cash 		1.18% 0.00% 27.43% 54.29%
Preferred Stocks 		0.00% 0.00% 1.68% 52.35%
Other 		0.00% 0.00% 7.98% 69.81%
Convertible Bonds 		0.00% 0.00% 0.02% 48.47%
Bonds 		0.00% 0.00% 19.09% 50.42%

Stock Sector Breakdown

Weighting Return Low Return High MXMVX % Rank
Financial Services 		18.22% 0.00% 60.11% 49.86%
Industrials 		15.81% 0.00% 29.02% 49.30%
Consumer Cyclical 		11.92% 0.00% 29.62% 38.16%
Real Estate 		11.66% 0.00% 40.74% 11.98%
Technology 		10.98% 0.00% 30.07% 25.63%
Healthcare 		10.07% 0.00% 32.47% 40.95%
Basic Materials 		7.40% 0.00% 23.88% 28.13%
Utilities 		5.09% 0.00% 24.69% 63.79%
Communication Services 		3.87% 0.00% 19.80% 32.59%
Energy 		2.98% 0.00% 29.17% 88.30%
Consumer Defense 		1.98% 0.00% 33.79% 94.15%

Stock Geographic Breakdown

Weighting Return Low Return High MXMVX % Rank
US 		98.82% 55.64% 103.20% 38.50%
Non US 		0.00% 0.00% 33.85% 59.83%

MXMVX - Expenses

Operational Fees

MXMVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.24% 0.06% 16.92% 30.56%
Management Fee 0.78% 0.00% 1.20% 80.06%
12b-1 Fee 0.00% 0.00% 1.00% 12.70%
Administrative Fee N/A 0.01% 0.40% 97.01%

Sales Fees

MXMVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

MXMVX 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.

MXMVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 227.00% 0.00% 227.00% 100.00%

MXMVX - Distributions

Dividend Yield Analysis

MXMVX Category Low Category High MXMVX % Rank
Dividend Yield 0.10% 0.00% 22.79% 85.83%

Dividend Distribution Analysis

MXMVX Category Low Category High Category Mod
Dividend Distribution Frequency SemiAnnual Annual Quarterly Annual

Net Income Ratio Analysis

MXMVX Category Low Category High MXMVX % Rank
Net Income Ratio 0.86% -1.84% 4.73% 44.13%

Capital Gain Distribution Analysis

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

Distributions History

View More +

MXMVX - Fund Manager Analysis

Managers

Len Ioffe

Start Date

Tenure

Tenure Rank

Oct 24, 2011

10.61

10.6%

Senior Portfolio Managers oversee all aspects of their product areas from research to implementation and are ultimately responsible for supervising and monitoring the process, implementation, and controls. They are supported by teams throughout the functional areas.

Dennis Walsh

Start Date

Tenure

Tenure Rank

Dec 31, 2013

8.42

8.4%

Dennis Walsh joined Goldman Sachs Asset Management, L.P. as an associate in 2009 and has been a portfolio manager since 2012. Between 2005 and 2007 he worked as a senior developer at Goldman Sachs and after that attended the graduate school at Princeton University.

Osman Ali

Start Date

Tenure

Tenure Rank

Dec 31, 2013

8.42

8.4%

Senior Portfolio Managers oversee all aspects of their product areas from research to implementation and are ultimately responsible for supervising and monitoring the process, implementation, and controls. They are supported by teams throughout the functional areas.

Takashi Suwabe

Start Date

Tenure

Tenure Rank

Apr 30, 2021

1.08

1.1%

Takashi Suwabe is co-head of active equity research in the QIS team. He joined Goldman Sachs Asset Management in 2004 and has been a member of the QIS team since 2009.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 35.59 8.15 10.92

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