Empower Real Estate Index Fund
Name
As of 03/27/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
-1.4%
1 yr return
15.3%
3 Yr Avg Return
2.1%
5 Yr Avg Return
2.0%
Net Assets
$804 M
Holdings in Top 10
51.0%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.70%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 33.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 03/27/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
MXREX - Profile
Distributions
- YTD Total Return -1.4%
- 3 Yr Annualized Total Return 2.1%
- 5 Yr Annualized Total Return 2.0%
- Capital Gain Distribution Frequency None
- Net Income Ratio 1.09%
- Dividend Yield 1.2%
- Dividend Distribution Frequency SemiAnnual
Fund Details
-
Legal NameEmpower Real Estate Index Fund
-
Fund Family NameGreat-West Funds
-
Inception DateNov 27, 2012
-
Shares OutstandingN/A
-
Share ClassInvestor
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerMichael Lynch
Fund Description
MXREX - Performance
Return Ranking - Trailing
Period | MXREX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -1.4% | -12.1% | 6.0% | 50.59% |
1 Yr | 15.3% | -14.5% | 29.8% | 29.41% |
3 Yr | 2.1%* | -11.1% | 10.5% | 45.38% |
5 Yr | 2.0%* | -11.3% | 15.9% | 78.60% |
10 Yr | 3.1%* | -1.4% | 15.0% | 94.77% |
* Annualized
Return Ranking - Calendar
Period | MXREX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 11.1% | -17.6% | 24.6% | 14.90% |
2022 | -29.7% | -51.3% | 2.7% | 37.40% |
2021 | 41.4% | -7.7% | 52.3% | 8.84% |
2020 | -13.1% | -42.2% | 35.0% | 78.30% |
2019 | 17.0% | -0.6% | 43.1% | 57.96% |
Total Return Ranking - Trailing
Period | MXREX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -1.4% | -12.1% | 6.0% | 50.59% |
1 Yr | 15.3% | -14.5% | 29.8% | 29.41% |
3 Yr | 2.1%* | -11.1% | 10.5% | 45.38% |
5 Yr | 2.0%* | -11.3% | 15.9% | 78.60% |
10 Yr | 3.1%* | -1.4% | 15.0% | 94.77% |
* Annualized
Total Return Ranking - Calendar
Period | MXREX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 13.3% | -14.0% | 25.0% | 24.31% |
2022 | -26.4% | -40.7% | 7.8% | 54.33% |
2021 | 44.3% | 7.8% | 54.6% | 21.29% |
2020 | -11.6% | -36.6% | 44.3% | 92.34% |
2019 | 22.4% | 3.4% | 46.4% | 84.96% |
NAV & Total Return History
MXREX - Holdings
Concentration Analysis
MXREX | Category Low | Category High | MXREX % Rank | |
---|---|---|---|---|
Net Assets | 804 M | 1.73 M | 56.5 B | 36.68% |
Number of Holdings | 111 | 18 | 501 | 13.97% |
Net Assets in Top 10 | 412 M | 711 K | 26.1 B | 34.93% |
Weighting of Top 10 | 50.99% | 15.7% | 82.2% | 73.53% |
Top 10 Holdings
- Prologis Inc. COM USD0.01 12.38%
- Equinix, Inc. COM 7.60%
- Welltower OP LLC COM 5.01%
- Public Storage COM 4.85%
- Simon Property Group Inc COM 4.68%
- Realty Income Corp. COM 4.18%
- Digital Realty Trust Inc. COM 4.10%
- Extra Space Storage Inc. COM USD0.01 3.40%
- AvalonBay Communities, Inc. COM 2.67%
- Equity Residential Properties Trust SH BEN INT 2.12%
Asset Allocation
Weighting | Return Low | Return High | MXREX % Rank | |
---|---|---|---|---|
Stocks | 98.05% | 0.00% | 106.01% | 63.97% |
Cash | 1.11% | -42.50% | 20.74% | 62.50% |
Other | 0.54% | -89.96% | 112.19% | 19.85% |
Bonds | 0.30% | -3.17% | 148.00% | 10.66% |
Preferred Stocks | 0.00% | 0.00% | 31.13% | 61.40% |
Convertible Bonds | 0.00% | 0.00% | 10.95% | 56.09% |
Stock Sector Breakdown
Weighting | Return Low | Return High | MXREX % Rank | |
---|---|---|---|---|
Real Estate | 100.00% | 34.46% | 100.00% | 20.54% |
Utilities | 0.00% | 0.00% | 3.55% | 53.49% |
Technology | 0.00% | 0.00% | 12.02% | 65.12% |
Industrials | 0.00% | 0.00% | 7.39% | 57.75% |
Healthcare | 0.00% | 0.00% | 0.53% | 54.65% |
Financial Services | 0.00% | 0.00% | 37.05% | 59.69% |
Energy | 0.00% | 0.00% | 33.11% | 55.04% |
Communication Services | 0.00% | 0.00% | 11.61% | 58.14% |
Consumer Defense | 0.00% | 0.00% | 0.93% | 53.49% |
Consumer Cyclical | 0.00% | 0.00% | 45.29% | 76.36% |
Basic Materials | 0.00% | 0.00% | 13.69% | 55.43% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | MXREX % Rank | |
---|---|---|---|---|
US | 98.05% | 0.00% | 106.01% | 56.25% |
Non US | 0.00% | 0.00% | 40.58% | 58.46% |
Bond Sector Breakdown
Weighting | Return Low | Return High | MXREX % Rank | |
---|---|---|---|---|
Derivative | 0.02% | -0.16% | 3.71% | 5.64% |
Cash & Equivalents | 0.00% | 0.00% | 100.00% | 94.36% |
Securitized | 0.00% | 0.00% | 96.61% | 83.57% |
Corporate | 0.00% | 0.00% | 99.81% | 84.97% |
Municipal | 0.00% | 0.00% | 3.24% | 83.92% |
Government | 0.00% | 0.00% | 69.19% | 83.22% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | MXREX % Rank | |
---|---|---|---|---|
US | 0.30% | -3.17% | 130.54% | 10.66% |
Non US | 0.00% | 0.00% | 17.46% | 54.78% |
MXREX - Expenses
Operational Fees
MXREX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.70% | 0.07% | 24.62% | 83.27% |
Management Fee | 0.29% | 0.00% | 1.50% | 6.62% |
12b-1 Fee | 0.00% | 0.00% | 1.00% | 9.16% |
Administrative Fee | N/A | 0.01% | 0.45% | 95.95% |
Sales Fees
MXREX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 3.00% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 1.00% | N/A |
Trading Fees
MXREX 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.
MXREX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 33.00% | 0.11% | 380.00% | 42.29% |
MXREX - Distributions
Dividend Yield Analysis
MXREX | Category Low | Category High | MXREX % Rank | |
---|---|---|---|---|
Dividend Yield | 1.17% | 0.00% | 13.25% | 73.90% |
Dividend Distribution Analysis
MXREX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | SemiAnnual | Annual | Monthly | Quarterly |
Net Income Ratio Analysis
MXREX | Category Low | Category High | MXREX % Rank | |
---|---|---|---|---|
Net Income Ratio | 1.09% | -1.14% | 6.05% | 44.98% |
Capital Gain Distribution Analysis
MXREX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | None | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 28, 2023 | $0.067 | OrdinaryDividend |
Jun 26, 2023 | $0.132 | OrdinaryDividend |
Dec 29, 2022 | $0.101 | OrdinaryDividend |
Sep 07, 2022 | $0.014 | OrdinaryDividend |
Jun 24, 2022 | $0.100 | OrdinaryDividend |
Jun 24, 2021 | $0.085 | OrdinaryDividend |
Dec 30, 2020 | $0.049 | OrdinaryDividend |
Sep 08, 2020 | $0.025 | OrdinaryDividend |
Jun 25, 2020 | $0.098 | OrdinaryDividend |
Dec 30, 2019 | $0.449 | OrdinaryDividend |
Jun 25, 2019 | $0.115 | OrdinaryDividend |
Jun 25, 2018 | $0.117 | OrdinaryDividend |
MXREX - Fund Manager Analysis
Managers
Michael Lynch
Start Date
Tenure
Tenure Rank
Apr 29, 2016
6.09
6.1%
Michael Lynch, CFA is a Senior Fund Manager and has worked on the Indexation Team since 2006. Prior to joining ILIM, he worked for 6 years in Investment Technology Group Europe. He graduated with a degree in Commerce and he also holds a Masters in Economics, both from University College Cork.
Nicola Dowdall
Start Date
Tenure
Tenure Rank
Apr 29, 2016
6.09
6.1%
Nicola Dowdall is a Senior Fund Manager and has worked on the Indexation Team since 2000. Prior to joining the Indexation Team, she worked for two years as an investment accountant with Irish Life Investment Managers Limited. Prior to joining Irish Life Investment Managers Limited, Ms. Dowdall worked as an audit manager in practice. Ms. Dowdall graduated with a degree in Accounting from Dundalk Institution of Technology and is a Chartered Certified Accountant.
Peter Leonard
Start Date
Tenure
Tenure Rank
Apr 29, 2016
6.09
6.1%
Peter Leonard, CFA is a Senior Fund Manager and has worked on the Indexation Team since 2012. Prior to working in Irish Life Investment Managers Limited, Peter worked in the investments industry for 8 years as a private client fund manager and in investment management audit. Mr. Leonard graduated from Trinity College Dublin with a B.A. Business & Economics degree and is a qualified chartered accountant and a Qualified Financial Advisor.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.01 | 28.42 | 7.9 | 2.23 |