Empower SecureFoundation Balanced ETF Fund
Fund
SFBPX
Price as of:
$12.09
+ $0.06
+ 0.50%
Primary Theme
fund company
Name
As of 11/22/2024Price
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
Vitals
YTD Return
11.3%
1 yr return
18.0%
3 Yr Avg Return
-1.0%
5 Yr Avg Return
4.4%
Net Assets
$19 M
Holdings in Top 10
109.7%
52 WEEK LOW AND HIGH
$12.0
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.19%
SALES FEES
Front Load 5.00%
Deferred Load N/A
TRADING FEES
Turnover 17.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 11/22/2024Price
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
SFBPX - Profile
Distributions
- YTD Total Return 11.3%
- 3 Yr Annualized Total Return -1.0%
- 5 Yr Annualized Total Return 4.4%
- Capital Gain Distribution Frequency Semi-Monthly
- Net Income Ratio 1.66%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameEmpower SecureFoundation Balanced ETF Fund
-
Fund Family NameGreat-West Funds
-
Inception DateJan 23, 2012
-
Shares OutstandingN/A
-
Share ClassA
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerAndrew Corwin
Fund Description
Below is a summary of the principal investment strategies of the Fund.The Fund is a “fund-of-funds” that seeks to achieve its objective by investing primarily in a professionally selected mix of exchange-traded funds (“Underlying ETFs”). The Fund may also invest in other types of securities, including open-end investment companies (together, with Underlying ETFs, “Underlying Funds”).Under normal conditions, the Fund will invest 45-65% of its net assets (plus the amount of any borrowings for investment purposes) in Underlying ETFs that invest primarily in equity securities and 35-55% of its net assets (plus the amount of any borrowings for investment purposes) in Underlying ETFs that invest primarily in fixed income securities. In addition to investing in Underlying ETFs, the Fund may invest a portion of its assets directly in derivatives, such as futures, for cash management purposes and to gain exposure to securities in the underlying index pending investment in Underlying ETFs. The Fund also may hold a portion of its assets in U.S. government securities, money market funds, and cash or cash equivalents for cash management purposes.Empower Capital Management, LLC (“ECM”), the Fund’s investment adviser, uses asset allocation strategies to allocate assets among different broad asset classes and the Underlying ETFs. The Fund currently invests primarily in Underlying ETFs designed to track the performance of a specified securities index (“Index Funds”). Each Underlying ETF has its own investment objective and strategies and may hold a wide range of securities and other instruments in its portfolio, including, without limitation, U.S. and foreign equities (including those from emerging markets), fixed income securities, short-term investments and derivatives.The following table shows the Fund’s target allocation for the various asset classes and the Underlying ETFs in which the Fund expects to invest as of the date of this Prospectus:Large Cap20.79%International13.86%Vanguard S&P 500 ETFVanguard FTSE Developed Markets ETFMid Cap11.66%Emerging Markets4.56%Vanguard S&P Mid-Cap 400 ETFVanguard FTSE Emerging Markets ETFSmall Cap9.13%Bond40.00%Vanguard Russell 2000 ETFVanguard Total Bond Market ETFThe Fund will rebalance its holdings of the Underlying ETFs on a periodic basis to maintain the appropriate asset allocations. ECM reviews asset class allocations, Underlying ETF allocations, and the Underlying ETFs on a quarterly basis, or more frequently as deemed necessary. ECM may add or delete asset classes, change target asset class or Underlying ETF allocations, or add or delete Underlying ETFs at any time without shareholder notice or approval.
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SFBPX - Performance
Return Ranking - Trailing
| Period | SFBPX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 11.3% | -2.1% | 97.4% | 76.02% |
| 1 Yr | 18.0% | -2.1% | 103.4% | 60.47% |
| 3 Yr | -1.0%* | -4.3% | 23.6% | 98.66% |
| 5 Yr | 4.4%* | -2.2% | 25.3% | 92.80% |
| 10 Yr | 4.3%* | 1.1% | 14.3% | 89.06% |
* Annualized
Return Ranking - Calendar
| Period | SFBPX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 7.9% | -12.2% | 23.9% | 75.07% |
| 2022 | -29.5% | -34.7% | 2.8% | 97.35% |
| 2021 | 8.7% | -11.9% | 18.1% | 27.77% |
| 2020 | 0.3% | -20.9% | 39.7% | 90.63% |
| 2019 | 8.8% | 0.8% | 25.7% | 93.46% |
Total Return Ranking - Trailing
| Period | SFBPX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 11.3% | -2.1% | 97.4% | 76.02% |
| 1 Yr | 18.0% | -2.1% | 103.4% | 60.47% |
| 3 Yr | -1.0%* | -4.3% | 23.6% | 98.66% |
| 5 Yr | 4.4%* | -2.2% | 25.3% | 92.80% |
| 10 Yr | 4.3%* | 1.1% | 14.3% | 89.06% |
* Annualized
Total Return Ranking - Calendar
| Period | SFBPX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 13.8% | -12.2% | 26.8% | 47.97% |
| 2022 | -23.5% | -29.0% | 10.9% | 98.82% |
| 2021 | 10.1% | -3.0% | 27.3% | 80.27% |
| 2020 | 13.4% | -19.5% | 40.6% | 43.97% |
| 2019 | 18.9% | 2.2% | 32.7% | 62.09% |
NAV & Total Return History
SFBPX - Holdings
Concentration Analysis
| SFBPX | Category Low | Category High | SFBPX % Rank | |
|---|---|---|---|---|
| Net Assets | 19 M | 861 K | 235 B | 96.55% |
| Number of Holdings | 8 | 2 | 16015 | 95.22% |
| Net Assets in Top 10 | 22 M | 859 K | 69.8 B | 90.87% |
| Weighting of Top 10 | 109.67% | 10.8% | 122.7% | 0.43% |
Top 10 Holdings
- TOTAL BOND MARKET ETF 39.43%
- SP 500 ETF 20.97%
- VANGUARD FTSE DEVELOPED MARKET ETFVANGUARD FTSE DEVELOPED MARKET ETF 13.29%
- VANGUARD A S+P MIDCAP 400 INDEX FDVANGUARD S+P MID-CAP 400 ETF 11.43%
- DREYFUS INSTL PREFER GOVT-IS #6546 9.81%
- VANGUARD S VANGUARD RISS200IDX FD EVANGUARD RUSSELL 2000 ETF 8.94%
- FTSE EMERGING MARKETS ETF 4.56%
- GOVERNMENT OBLIGATIONS IS #5 1.25%
Asset Allocation
| Weighting | Return Low | Return High | SFBPX % Rank | |
|---|---|---|---|---|
| Stocks | 98.62% | 0.00% | 100.07% | 33.62% |
| Cash | 9.81% | -7.92% | 100.00% | 6.67% |
| Bonds | 1.25% | 0.00% | 74.58% | 51.01% |
| Convertible Bonds | 0.37% | 0.00% | 23.84% | 70.22% |
| Preferred Stocks | 0.00% | 0.00% | 23.91% | 50.14% |
| Other | 0.00% | -42.55% | 113.97% | 61.16% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | SFBPX % Rank | |
|---|---|---|---|---|
| Technology | 18.55% | 0.00% | 44.21% | 55.05% |
| Financial Services | 14.95% | 0.00% | 38.77% | 45.53% |
| Industrials | 12.99% | 0.00% | 24.37% | 11.86% |
| Consumer Cyclical | 12.48% | 0.00% | 19.36% | 9.66% |
| Healthcare | 12.27% | 0.00% | 29.35% | 75.84% |
| Communication Services | 6.31% | 0.00% | 38.10% | 69.84% |
| Consumer Defense | 5.82% | 0.00% | 15.14% | 76.87% |
| Real Estate | 5.43% | 0.00% | 65.01% | 22.55% |
| Basic Materials | 4.96% | 0.00% | 25.57% | 21.38% |
| Energy | 3.46% | 0.00% | 85.65% | 77.89% |
| Utilities | 2.79% | 0.00% | 99.55% | 56.52% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | SFBPX % Rank | |
|---|---|---|---|---|
| US | 98.62% | 0.00% | 100.07% | 32.46% |
| Non US | 0.00% | 0.00% | 39.06% | 52.46% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | SFBPX % Rank | |
|---|---|---|---|---|
| Government | 44.79% | 0.00% | 97.26% | 12.41% |
| Corporate | 26.36% | 0.00% | 98.21% | 63.94% |
| Securitized | 21.20% | 0.00% | 92.13% | 38.39% |
| Cash & Equivalents | 9.81% | 0.00% | 99.92% | 5.51% |
| Municipal | 0.68% | 0.00% | 24.80% | 27.45% |
| Derivative | 0.00% | -2.87% | 42.43% | 46.81% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | SFBPX % Rank | |
|---|---|---|---|---|
| US | 1.25% | 0.00% | 74.58% | 51.01% |
| Non US | 0.00% | 0.00% | 15.37% | 43.19% |
SFBPX - Expenses
Operational Fees
| SFBPX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.19% | 0.03% | 17.63% | 35.30% |
| Management Fee | 0.16% | 0.00% | 1.83% | 34.10% |
| 12b-1 Fee | 0.00% | 0.00% | 1.00% | 4.40% |
| Administrative Fee | 0.05% | 0.01% | 0.83% | 25.67% |
Sales Fees
| SFBPX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | 5.00% | 2.25% | 5.75% | 66.96% |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| SFBPX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 0.00% | 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.
| SFBPX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 17.00% | 0.83% | 343.00% | 17.18% |
SFBPX - Distributions
Dividend Yield Analysis
| SFBPX | Category Low | Category High | SFBPX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 17.90% | 39.14% |
Dividend Distribution Analysis
| SFBPX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | Monthly | Quarterly |
Net Income Ratio Analysis
| SFBPX | Category Low | Category High | SFBPX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.66% | -2.34% | 13.92% | 23.60% |
Capital Gain Distribution Analysis
| SFBPX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Semi-Monthly | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Sep 06, 2024 | $0.075 | CapitalGainLongTerm |
| Dec 28, 2023 | $0.272 | OrdinaryDividend |
| Dec 28, 2023 | $0.317 | CapitalGainLongTerm |
| Sep 08, 2023 | $0.011 | CapitalGainLongTerm |
| Dec 29, 2022 | $0.230 | OrdinaryDividend |
| Dec 29, 2022 | $0.432 | CapitalGainLongTerm |
| Sep 08, 2022 | $0.024 | OrdinaryDividend |
| Sep 08, 2022 | $0.186 | CapitalGainLongTerm |
| Sep 07, 2021 | $0.008 | OrdinaryDividend |
| Sep 07, 2021 | $0.179 | CapitalGainLongTerm |
| Dec 30, 2020 | $0.250 | OrdinaryDividend |
| Dec 30, 2020 | $1.309 | CapitalGainLongTerm |
| Sep 08, 2020 | $0.009 | OrdinaryDividend |
| Sep 08, 2020 | $0.143 | CapitalGainLongTerm |
| Dec 30, 2019 | $0.323 | OrdinaryDividend |
| Dec 30, 2019 | $0.822 | CapitalGainLongTerm |
| Sep 11, 2019 | $0.006 | OrdinaryDividend |
| Sep 11, 2019 | $0.064 | CapitalGainLongTerm |
| Dec 28, 2018 | $0.707 | CapitalGainLongTerm |
| Dec 28, 2018 | $0.268 | OrdinaryDividend |
| Sep 11, 2018 | $0.013 | ExtraDividend |
| Sep 11, 2018 | $0.123 | CapitalGainLongTerm |
| Dec 28, 2017 | $0.202 | OrdinaryDividend |
| Dec 28, 2017 | $0.524 | CapitalGainLongTerm |
SFBPX - Fund Manager Analysis
Managers
Andrew Corwin
Start Date
Tenure
Tenure Rank
May 01, 2014
8.09
8.1%
Andrew Corwin, CFA, Portfolio Manager, has managed since 2014. Andrew Corwin, Assistant Portfolio Manager, has joined Great-West Capital Management, LLC since 2011. Mr. Corwin was previously an Investment Analyst and Investment Consultant at Strategies, LLC 2009-2011. Mr. Corwin received a B.S. in business administration with an emphasis in finance as well as a minor in mathematics from the University of Colorado.
Maria Mendelsberg
Start Date
Tenure
Tenure Rank
Apr 30, 2018
4.09
4.1%
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 |
|---|---|---|---|
| 0.08 | 34.51 | 6.37 | 2.41 |