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Empower Bond Index Fund
mutual fund
MXCOX
Payout Change
Suspended
Price as of:
$8.6
-0.02
-0.23%
primary theme
U.S. Intermediate-Term Bond Duration
share class
MXCOX (Mutual Fund)
Empower Bond Index Fund
Payout Change
Suspended
Price as of:
$8.6
-0.02
-0.23%
primary theme
U.S. Intermediate-Term Bond Duration
share class
MXCOX (Mutual Fund)
Empower Bond Index Fund
Payout Change
Suspended
Price as of:
$8.6
-0.02
-0.23%
primary theme
U.S. Intermediate-Term Bond Duration
share class
Name
As of 12/11/2024Price
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
2.7%
1 yr return
3.9%
3 Yr Avg Return
-2.3%
5 Yr Avg Return
-0.3%
Net Assets
$3.94 B
Holdings in Top 10
9.3%
52 WEEK LOW AND HIGH
$8.6
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.14%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 39.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/11/2024Price
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
MXCOX - Profile
Distributions
- YTD Total Return 2.7%
- 3 Yr Annualized Total Return -2.3%
- 5 Yr Annualized Total Return -0.3%
- Capital Gain Distribution Frequency None
- Net Income Ratio 1.43%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameEmpower Bond Index Fund
-
Fund Family NameGreat-West Funds
-
Inception DateMay 01, 2015
-
Shares OutstandingN/A
-
Share ClassInstl
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerJack Brown
Fund Description
Below is a summary of the principal investment strategies of the Fund.The Fund is not actively managed but is designed to track the performance of its Benchmark Index. The Fund will, under normal circumstances, invest at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in securities of the companies included in the Benchmark Index and, using sampling techniques, a portfolio of securities designed to give the Fund the relevant comparable attributes of the Benchmark Index. These sampling techniques involve investing in a limited number of securities from the Benchmark Index that, when taken together, are expected to perform similarly to the Benchmark Index as a whole. These techniques take into account a variety of factors such as sector, yield, duration, credit quality and spread.The Benchmark Index includes over 12,000 securities and covers the U.S. investment grade bond market, including corporate bonds, government securities, mortgage-backed securities (which may be purchased or sold on a delayed delivery or forward commitment basis through the to-be-announced (“TBA”) market), and includes securities with short-, medium-, and long-term maturities.The Fund may invest in exchange-traded funds (“ETFs”) and derivatives, including but not limited to futures contracts on the Benchmark Index, options on futures contracts and credit default swaps.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-advisers and monitors their performance on an ongoing basis. The Fund’s investment portfolio is managed by Franklin Advisers, Inc. (“Franklin Advisers”) and Franklin Advisory Services, LLC (“FAS LLC”) (collectively, “Franklin” or the “Sub-Advisers”).
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MXCOX - Performance
Return Ranking - Trailing
| Period | MXCOX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 2.7% | -4.6% | 11.7% | 80.00% |
| 1 Yr | 3.9% | -2.4% | 15.0% | 80.31% |
| 3 Yr | -2.3%* | -10.0% | 28.5% | 64.22% |
| 5 Yr | -0.3%* | -7.2% | 58.8% | 79.47% |
| 10 Yr | N/A* | -2.8% | 74.0% | 79.66% |
* Annualized
Return Ranking - Calendar
| Period | MXCOX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 1.5% | -16.2% | 8.1% | 77.03% |
| 2022 | -15.6% | -34.7% | 131.9% | 37.98% |
| 2021 | -4.4% | -11.6% | 4.4% | 87.10% |
| 2020 | 2.5% | -9.9% | 946.1% | 78.37% |
| 2019 | 5.4% | -1.7% | 16.9% | 57.62% |
Total Return Ranking - Trailing
| Period | MXCOX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 2.7% | -4.6% | 11.7% | 80.00% |
| 1 Yr | 3.9% | -2.4% | 15.0% | 80.31% |
| 3 Yr | -2.3%* | -10.0% | 28.5% | 64.22% |
| 5 Yr | -0.3%* | -7.2% | 58.8% | 79.47% |
| 10 Yr | N/A* | -2.8% | 74.0% | 76.04% |
* Annualized
Total Return Ranking - Calendar
| Period | MXCOX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 5.4% | -11.3% | 11.9% | 74.32% |
| 2022 | -13.4% | -32.2% | 131.9% | 45.64% |
| 2021 | -2.0% | -9.4% | 9.2% | 86.21% |
| 2020 | 7.5% | -1.9% | 1009.0% | 70.20% |
| 2019 | 8.4% | 1.1% | 21668.0% | 62.67% |
NAV & Total Return History
MXCOX - Holdings
Concentration Analysis
| MXCOX | Category Low | Category High | MXCOX % Rank | |
|---|---|---|---|---|
| Net Assets | 3.94 B | 2.9 M | 314 B | 30.05% |
| Number of Holdings | 2221 | 1 | 17880 | 16.93% |
| Net Assets in Top 10 | 375 M | 1.62 M | 35.1 B | 52.23% |
| Weighting of Top 10 | 9.35% | 4.7% | 3984.6% | 96.04% |
Top 10 Holdings
- T 0.75 04/30/26 1.42%
- T 0.75 03/31/26 0.98%
- T 0.75 05/31/26 0.95%
- T 0.875 06/30/26 0.93%
- T 0.625 07/31/26 0.88%
- T 0.375 01/31/26 0.87%
- T 1.5 01/31/27 0.87%
- T 1 07/31/28 0.83%
- T 3.5 02/15/33 0.82%
- T 0.5 02/28/26 0.82%
Asset Allocation
| Weighting | Return Low | Return High | MXCOX % Rank | |
|---|---|---|---|---|
| Bonds | 96.80% | 0.00% | 9231.88% | 39.59% |
| Other | 1.84% | -27.25% | 1695.17% | 64.17% |
| Cash | 1.36% | -54.51% | 237.69% | 68.85% |
| Convertible Bonds | 0.87% | 0.00% | 7.93% | 72.91% |
| Stocks | 0.00% | 0.00% | 99.98% | 73.37% |
| Preferred Stocks | 0.00% | 0.00% | 72.34% | 69.78% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | MXCOX % Rank | |
|---|---|---|---|---|
| Government | 44.22% | 0.00% | 86.23% | 7.74% |
| Securitized | 29.68% | 0.00% | 98.40% | 49.27% |
| Corporate | 25.64% | 0.00% | 100.00% | 66.53% |
| Cash & Equivalents | 0.68% | 0.00% | 237.69% | 74.77% |
| Municipal | 0.30% | 0.00% | 100.00% | 57.22% |
| Derivative | 0.00% | -6.56% | 44.82% | 58.88% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | MXCOX % Rank | |
|---|---|---|---|---|
| US | 96.80% | 0.00% | 9042.62% | 37.90% |
| Non US | 0.00% | 0.00% | 189.26% | 73.62% |
MXCOX - Expenses
Operational Fees
| MXCOX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.14% | 0.01% | 39.64% | 96.03% |
| Management Fee | 0.12% | 0.00% | 1.76% | 6.19% |
| 12b-1 Fee | 0.00% | 0.00% | 1.00% | 8.53% |
| Administrative Fee | N/A | 0.01% | 0.50% | 0.36% |
Sales Fees
| MXCOX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 2.00% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 4.00% | N/A |
Trading Fees
| MXCOX 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.
| MXCOX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 39.00% | 2.00% | 493.39% | 12.14% |
MXCOX - Distributions
Dividend Yield Analysis
| MXCOX | Category Low | Category High | MXCOX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 10.11% | 89.02% |
Dividend Distribution Analysis
| MXCOX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Quarterly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
| MXCOX | Category Low | Category High | MXCOX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.43% | -1.28% | 4.79% | 67.80% |
Capital Gain Distribution Analysis
| MXCOX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | None | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 27, 2023 | $0.072 | OrdinaryDividend |
| Sep 26, 2023 | $0.091 | OrdinaryDividend |
| Sep 06, 2023 | $0.006 | OrdinaryDividend |
| Jun 23, 2023 | $0.075 | OrdinaryDividend |
| Mar 27, 2023 | $0.071 | OrdinaryDividend |
| Dec 29, 2022 | $0.061 | OrdinaryDividend |
| Sep 27, 2022 | $0.048 | OrdinaryDividend |
| Sep 06, 2022 | $0.011 | CapitalGainLongTerm |
| Jun 23, 2022 | $0.048 | OrdinaryDividend |
| Mar 25, 2022 | $0.043 | OrdinaryDividend |
| Dec 29, 2021 | $0.051 | OrdinaryDividend |
| Dec 29, 2021 | $0.053 | CapitalGainLongTerm |
| Sep 24, 2021 | $0.022 | OrdinaryDividend |
| Sep 03, 2021 | $0.046 | CapitalGainLongTerm |
| Jun 23, 2021 | $0.039 | OrdinaryDividend |
| Mar 24, 2021 | $0.037 | OrdinaryDividend |
| Dec 29, 2020 | $0.133 | OrdinaryDividend |
| Dec 29, 2020 | $0.206 | CapitalGainLongTerm |
| Sep 25, 2020 | $0.034 | OrdinaryDividend |
| Jun 24, 2020 | $0.054 | OrdinaryDividend |
| Mar 25, 2020 | $0.068 | OrdinaryDividend |
| Dec 27, 2019 | $0.081 | OrdinaryDividend |
| Sep 25, 2019 | $0.071 | OrdinaryDividend |
| Jun 24, 2019 | $0.070 | OrdinaryDividend |
| Mar 25, 2019 | $0.061 | OrdinaryDividend |
| Dec 27, 2018 | $0.092 | OrdinaryDividend |
| Sep 21, 2018 | $0.068 | OrdinaryDividend |
| Jun 22, 2018 | $0.063 | OrdinaryDividend |
| Mar 23, 2018 | $0.056 | OrdinaryDividend |
| Dec 27, 2017 | $0.079 | OrdinaryDividend |
MXCOX - 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
Apr 30, 2019
3.09
3.1%
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.
Darrin Clough
Start Date
Tenure
Tenure Rank
May 07, 2020
2.07
2.1%
Darrin Clough,CFA, has been a Vice President of OppenheimerFunds, Inc since January 2013 and Portfolio Manager of OppenheimerFunds since January 2019. He was a Senior Research Analyst on the Investment Grade Debt Team of the firm from January 2011 until January 2019. Previously, Mr. Clough serves as a research analyst and focuses on research of securitized products. Darrin joined the Money Market group in January 2007 and was primarily responsible for providing research and analysis on short-term corporate and insurance company debt instruments. Darrin has been with the firm since 1998. He has a Bachelor of Science from the University of Northern Colorado and an M.B.A. from the University of Colorado, Denver. He has earned the right to use the Chartered Financial Analyst designation. Darrin covers securitized products.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 33.43 | 6.77 | 1.16 |
