Empower Short Duration Bond Fund
Name
As of 05/03/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
0.9%
1 yr return
4.3%
3 Yr Avg Return
0.9%
5 Yr Avg Return
2.2%
Net Assets
$415 M
Holdings in Top 10
10.5%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.27%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 123.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 05/03/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
MXXJX - Profile
Distributions
- YTD Total Return 0.9%
- 3 Yr Annualized Total Return 0.9%
- 5 Yr Annualized Total Return 2.2%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 1.43%
- Dividend Yield 2.8%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameEmpower Short Duration Bond Fund
-
Fund Family NameGreat-West Funds
-
Inception DateMay 01, 2015
-
Shares OutstandingN/A
-
Share ClassInstl
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerJack Brown
Fund Description
MXXJX - Performance
Return Ranking - Trailing
Period | MXXJX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 0.9% | -3.5% | 12.2% | 58.00% |
1 Yr | 4.3% | -3.4% | 26.9% | 44.26% |
3 Yr | 0.9%* | -6.6% | 4.3% | 20.67% |
5 Yr | 2.2%* | -4.3% | 4.7% | 12.35% |
10 Yr | N/A* | -19.2% | 169.7% | 16.96% |
* Annualized
Return Ranking - Calendar
Period | MXXJX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 2.6% | -5.4% | 7.6% | 28.83% |
2022 | -6.0% | -17.7% | -2.6% | 23.01% |
2021 | -2.3% | -4.0% | 4.4% | 80.65% |
2020 | 1.7% | -8.3% | 7.6% | 49.41% |
2019 | 2.8% | -2.3% | 9.3% | 20.85% |
Total Return Ranking - Trailing
Period | MXXJX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 0.9% | -3.5% | 12.2% | 58.00% |
1 Yr | 4.3% | -3.4% | 26.9% | 44.26% |
3 Yr | 0.9%* | -6.6% | 4.3% | 20.67% |
5 Yr | 2.2%* | -4.3% | 4.7% | 12.35% |
10 Yr | N/A* | -19.2% | 169.7% | 15.85% |
* Annualized
Total Return Ranking - Calendar
Period | MXXJX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 6.0% | -1.1% | 15.2% | 37.41% |
2022 | -4.0% | -17.3% | -1.3% | 26.90% |
2021 | 0.3% | -2.7% | 7.7% | 35.44% |
2020 | 5.0% | -4.4% | 14.5% | 29.41% |
2019 | 5.8% | 0.6% | 12.6% | 19.23% |
NAV & Total Return History
MXXJX - Holdings
Concentration Analysis
MXXJX | Category Low | Category High | MXXJX % Rank | |
---|---|---|---|---|
Net Assets | 415 M | 14.5 K | 57.3 B | 70.00% |
Number of Holdings | 207 | 2 | 9251 | 74.73% |
Net Assets in Top 10 | 35.1 M | 993 K | 6.33 B | 85.09% |
Weighting of Top 10 | 10.50% | 1.8% | 108.7% | 85.09% |
Top 10 Holdings
- BAC V3.458 03/15/25 MTN 1.46%
- C F 06/09/27 1.17%
- JPM V2.595 02/24/26 1.13%
- VOYA 2016-1A BR 1.03%
- WBD 3.788 03/15/25 144A 1.01%
- EPR 4.5 04/01/25 0.99%
- FITB 2.375 01/28/25 0.97%
- SYF 4.875 06/13/25 0.97%
- CORPORATE TERM LOAN 0.88%
- PVH 4.625 07/10/25 0.88%
Asset Allocation
Weighting | Return Low | Return High | MXXJX % Rank | |
---|---|---|---|---|
Bonds | 87.12% | 0.00% | 130.36% | 53.45% |
Other | 15.11% | -0.97% | 72.36% | 23.09% |
Convertible Bonds | 6.28% | 0.00% | 27.71% | 7.83% |
Stocks | 0.00% | 0.00% | 103.64% | 66.55% |
Preferred Stocks | 0.00% | 0.00% | 22.27% | 62.55% |
Cash | 0.00% | -20.59% | 62.18% | 99.64% |
Bond Sector Breakdown
Weighting | Return Low | Return High | MXXJX % Rank | |
---|---|---|---|---|
Corporate | 82.07% | 0.00% | 100.00% | 5.65% |
Securitized | 15.50% | 0.00% | 97.27% | 79.05% |
Government | 1.59% | 0.00% | 73.63% | 88.52% |
Derivative | 0.20% | -0.55% | 28.01% | 14.18% |
Cash & Equivalents | 0.00% | 0.00% | 62.18% | 93.82% |
Municipal | 0.00% | 0.00% | 17.46% | 80.69% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | MXXJX % Rank | |
---|---|---|---|---|
US | 87.12% | 0.00% | 130.36% | 47.27% |
Non US | 0.00% | 0.00% | 83.16% | 64.55% |
MXXJX - Expenses
Operational Fees
MXXJX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.27% | 0.01% | 3.24% | 91.19% |
Management Fee | 0.23% | 0.00% | 1.19% | 23.64% |
12b-1 Fee | 0.00% | 0.00% | 1.00% | 11.27% |
Administrative Fee | N/A | 0.01% | 0.50% | 0.51% |
Sales Fees
MXXJX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 0.50% | 5.75% | N/A |
Deferred Load | N/A | 0.50% | 4.00% | N/A |
Trading Fees
MXXJX 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.
MXXJX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 123.00% | 2.00% | 500.00% | 72.14% |
MXXJX - Distributions
Dividend Yield Analysis
MXXJX | Category Low | Category High | MXXJX % Rank | |
---|---|---|---|---|
Dividend Yield | 2.79% | 0.00% | 11.11% | 97.45% |
Dividend Distribution Analysis
MXXJX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Quarterly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
MXXJX | Category Low | Category High | MXXJX % Rank | |
---|---|---|---|---|
Net Income Ratio | 1.43% | -1.27% | 4.98% | 35.69% |
Capital Gain Distribution Analysis
MXXJX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 28, 2023 | $0.067 | OrdinaryDividend |
Sep 27, 2023 | $0.079 | OrdinaryDividend |
Sep 07, 2023 | $0.006 | OrdinaryDividend |
Jun 26, 2023 | $0.076 | OrdinaryDividend |
Mar 28, 2023 | $0.080 | OrdinaryDividend |
Dec 29, 2022 | $0.071 | OrdinaryDividend |
Sep 28, 2022 | $0.057 | OrdinaryDividend |
Jun 24, 2022 | $0.036 | OrdinaryDividend |
Mar 28, 2022 | $0.035 | OrdinaryDividend |
Sep 27, 2021 | $0.040 | OrdinaryDividend |
Jun 24, 2021 | $0.033 | OrdinaryDividend |
Mar 25, 2021 | $0.038 | OrdinaryDividend |
Sep 28, 2020 | $0.046 | OrdinaryDividend |
Jun 25, 2020 | $0.061 | OrdinaryDividend |
Mar 26, 2020 | $0.067 | OrdinaryDividend |
Dec 30, 2019 | $0.073 | OrdinaryDividend |
Sep 26, 2019 | $0.076 | OrdinaryDividend |
Jun 25, 2019 | $0.076 | OrdinaryDividend |
Mar 26, 2019 | $0.064 | OrdinaryDividend |
Dec 28, 2018 | $0.091 | OrdinaryDividend |
Sep 24, 2018 | $0.068 | OrdinaryDividend |
Jun 25, 2018 | $0.066 | OrdinaryDividend |
Mar 26, 2018 | $0.055 | OrdinaryDividend |
Dec 28, 2017 | $0.064 | OrdinaryDividend |
MXXJX - Fund Manager Analysis
Managers
Jack Brown
Start Date
Tenure
Tenure Rank
Apr 29, 2016
6.09
6.1%
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.
Maria Mendelsberg
Start Date
Tenure
Tenure Rank
May 07, 2020
2.07
2.1%
Maria Mendelsberg, CFA, Portfolio Manager, has managed the Funds since 2018. In addition to the Funds, Ms. Mendelsberg manages the Great-West Profile Funds, Great-West Conservative Lifetime Funds, and Great-West SecureFoundation Funds. Ms. Mendelsberg was previously a Partner and Investment Principal/Equity Analyst at Cambiar Investors from 1997-2016. Ms. Mendelsberg received a B.A. in Economics and Classics from Brown University.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.07 | 28.77 | 6.16 | 2.41 |