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Empower Emerging Markets Equity Fund
mutual fund
MXENX
Payout Change
Pending
Price as of:
$9.61
+0.04
+0.42%
primary theme
Emerging Markets Equity
share class
MXENX (Mutual Fund)
Empower Emerging Markets Equity Fund
Payout Change
Pending
Price as of:
$9.61
+0.04
+0.42%
primary theme
Emerging Markets Equity
share class
MXENX (Mutual Fund)
Empower Emerging Markets Equity Fund
Payout Change
Pending
Price as of:
$9.61
+0.04
+0.42%
primary theme
Emerging Markets Equity
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
13.6%
1 yr return
18.4%
3 Yr Avg Return
-0.8%
5 Yr Avg Return
2.8%
Net Assets
$869 M
Holdings in Top 10
28.1%
52 WEEK LOW AND HIGH
$9.6
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.05%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 84.00%
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
MXENX - Profile
Distributions
- YTD Total Return 13.6%
- 3 Yr Annualized Total Return -0.8%
- 5 Yr Annualized Total Return 2.8%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 1.35%
- Dividend Yield 0.6%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameEmpower Emerging Markets Equity Fund
-
Fund Family NameGreat-West Funds
-
Inception DateJan 05, 2018
-
Shares OutstandingN/A
-
Share ClassInstl
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerTaras Ivanenko
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 issued by emerging markets companies. The Fund considers emerging markets companies to be those companies that are economically tied to emerging markets countries. The Fund may consider classifications by the World Bank, the International Finance Corporation, the United Nations (and its agencies) or the MSCI Emerging Markets Index in determining whether a country is emerging or developed.The Fund may have significant investments in a particular country, a small number of countries, or a particular geographic region. The Fund may have exposure to non-U.S. stocks across any market capitalization and style and the Fund’s exposure will vary from time to time across sectors.The Fund invests primarily in common stock but may also invest in depositary receipts including American depositary receipts (“ADRs”), global depositary receipts (“GDRs”) and European depositary receipts (“EDRs”). The Fund may invest in derivatives, including but not limited to spot and forward foreign exchange transactions.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 two sub-advisers: Goldman Sachs Asset Management, L.P. (“GSAM”) and Lazard Asset Management LLC (“Lazard”) (each, a “Sub-Adviser,” and collectively, the “Sub-Advisers”).•GSAM selects investments using a valuation discipline to purchase what it believes are well-positioned, cash-generating businesses. GSAM's fundamental investment process may integrate environmental, social and governance (“ESG”) factors alongside traditional fundamental factors. ESG considerations are only one component in the evaluation of eligible investments and may not be a determinative factor in the final investment decision.•Lazard invests in a broadly diversified portfolio of emerging market equity securities using a quantitative stock selection process.ECM maintains a strategic allocation of the Fund’s assets with each Sub-Adviser and reviews the asset allocations on a quarterly basis, or more frequently as deemed necessary. As of the date of this Prospectus, the target percentage is a 40% allocation of the Fund’s assets to GSAM and a 60% allocation of the Fund’s assets to Lazard. Actual allocations may vary from the target allocations and ECM may change the asset allocations at any time without shareholder notice or approval.
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MXENX - Performance
Return Ranking - Trailing
| Period | MXENX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 13.6% | -11.8% | 40.0% | 17.05% |
| 1 Yr | 18.4% | -8.7% | 41.1% | 18.48% |
| 3 Yr | -0.8%* | -11.5% | 11.1% | 44.07% |
| 5 Yr | 2.8%* | -5.3% | 12.2% | 49.75% |
| 10 Yr | N/A* | -1.2% | 7.0% | N/A |
* Annualized
Return Ranking - Calendar
| Period | MXENX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 8.3% | -6.5% | 35.5% | 53.78% |
| 2022 | -23.4% | -50.1% | -2.4% | 41.53% |
| 2021 | -7.0% | -33.1% | 22.5% | 60.37% |
| 2020 | 18.0% | -22.1% | 80.1% | 42.90% |
| 2019 | 20.2% | -0.7% | 42.0% | 42.06% |
Total Return Ranking - Trailing
| Period | MXENX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 13.6% | -11.8% | 40.0% | 17.05% |
| 1 Yr | 18.4% | -8.7% | 41.1% | 18.48% |
| 3 Yr | -0.8%* | -11.5% | 11.1% | 44.07% |
| 5 Yr | 2.8%* | -5.3% | 12.2% | 49.75% |
| 10 Yr | N/A* | -1.2% | 7.0% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | MXENX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 9.2% | -1.0% | 42.0% | 65.34% |
| 2022 | -22.1% | -42.2% | 1.9% | 45.07% |
| 2021 | -4.1% | -32.5% | 33.1% | 69.58% |
| 2020 | 20.0% | -20.0% | 81.6% | 41.27% |
| 2019 | 22.0% | 2.3% | 42.0% | 43.92% |
NAV & Total Return History
MXENX - Holdings
Concentration Analysis
| MXENX | Category Low | Category High | MXENX % Rank | |
|---|---|---|---|---|
| Net Assets | 869 M | 682 K | 103 B | 38.89% |
| Number of Holdings | 370 | 2 | 7534 | 17.66% |
| Net Assets in Top 10 | 384 M | 290 K | 23.8 B | 36.04% |
| Weighting of Top 10 | 28.09% | 2.9% | 101.1% | 75.04% |
Top 10 Holdings
- Taiwan Semiconductor Manufacturing Co., Ltd. TWD10 8.94%
- Tencent Holdings Ltd. HKD0.00002 5.12%
- Samsung Electronics Co Ltd. KRW100 3.38%
- Alibaba Group Holding Ltd. USD0.000003125 2.84%
- Meituan LLC USD0.00001 B CLASS 2.01%
- MediaTek Inc. TWD10 1.37%
- ICICI Bank Ltd. INR2 1.18%
- Infosys Ltd. INR5 1.16%
- Delta Electronics Inc. TWD10 1.05%
- Sun Pharmaceutical Industries Ltd. INR1(DEMAT) 1.04%
Asset Allocation
| Weighting | Return Low | Return High | MXENX % Rank | |
|---|---|---|---|---|
| Stocks | 98.81% | 0.00% | 103.28% | 23.22% |
| Cash | 0.87% | -2.03% | 100.35% | 76.07% |
| Preferred Stocks | 0.25% | 0.00% | 13.31% | 51.57% |
| Other | 0.09% | -1.11% | 39.53% | 14.96% |
| Convertible Bonds | 0.00% | 0.00% | 7.40% | 53.08% |
| Bonds | 0.00% | 0.00% | 95.13% | 57.55% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | MXENX % Rank | |
|---|---|---|---|---|
| Technology | 26.70% | 0.00% | 47.50% | 25.11% |
| Financial Services | 22.08% | 0.00% | 48.86% | 50.94% |
| Consumer Cyclical | 12.16% | 0.00% | 48.94% | 47.47% |
| Communication Services | 11.57% | 0.00% | 39.29% | 17.17% |
| Basic Materials | 7.14% | 0.00% | 30.03% | 63.49% |
| Consumer Defense | 5.58% | 0.00% | 25.90% | 64.94% |
| Energy | 5.56% | 0.00% | 24.80% | 30.01% |
| Healthcare | 3.87% | 0.00% | 16.53% | 52.38% |
| Industrials | 2.56% | 0.00% | 43.53% | 90.33% |
| Utilities | 1.44% | 0.00% | 39.12% | 46.46% |
| Real Estate | 1.34% | 0.00% | 17.15% | 59.74% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | MXENX % Rank | |
|---|---|---|---|---|
| Non US | 91.31% | 0.00% | 100.52% | 28.21% |
| US | 7.51% | 0.00% | 100.95% | 59.54% |
MXENX - Expenses
Operational Fees
| MXENX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.05% | 0.03% | 29.98% | 72.14% |
| Management Fee | 0.93% | 0.00% | 2.00% | 61.06% |
| 12b-1 Fee | 0.00% | 0.00% | 1.00% | 6.38% |
| Administrative Fee | N/A | 0.01% | 0.85% | N/A |
Sales Fees
| MXENX 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% | 5.00% | N/A |
Trading Fees
| MXENX 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.
| MXENX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 84.00% | 0.00% | 189.00% | 82.25% |
MXENX - Distributions
Dividend Yield Analysis
| MXENX | Category Low | Category High | MXENX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.58% | 0.00% | 9.74% | 78.21% |
Dividend Distribution Analysis
| MXENX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | SemiAnnual | Annual |
Net Income Ratio Analysis
| MXENX | Category Low | Category High | MXENX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.35% | -1.98% | 17.62% | 32.10% |
Capital Gain Distribution Analysis
| MXENX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Sep 06, 2024 | $0.056 | OrdinaryDividend |
| Dec 27, 2023 | $0.072 | OrdinaryDividend |
| Dec 28, 2022 | $0.112 | OrdinaryDividend |
| Sep 06, 2022 | $0.018 | CapitalGainLongTerm |
| Dec 29, 2021 | $0.111 | OrdinaryDividend |
| Dec 29, 2021 | $0.208 | CapitalGainLongTerm |
| Dec 29, 2020 | $0.189 | OrdinaryDividend |
| Dec 27, 2019 | $0.139 | OrdinaryDividend |
| Sep 06, 2019 | $0.000 | OrdinaryDividend |
| Dec 27, 2018 | $0.091 | OrdinaryDividend |
| Jun 22, 2018 | $0.030 | OrdinaryDividend |
MXENX - Fund Manager Analysis
Managers
Taras Ivanenko
Start Date
Tenure
Tenure Rank
Jan 05, 2018
4.4
4.4%
Taras Ivanenko, CFA Director, Portfolio Manager/Analyst Lazard Asset Management LLC (Boston) Taras Ivanenko is a Portfolio Manager/Analyst on Lazard's Quantitative Equity team. He began working in the investment field in 1995. Prior to joining Lazard in 2007, Taras was a Senior Portfolio Manager in the Global Active Equity group at State Street Global Advisors (SSgA). Earlier at SSgA, he was a Principal and Senior Application Development Architect in the Equity Systems group. Previously, Taras was an analyst in Quantitative Research and Trading Systems at Oxbridge Research.
Shou-Pin Choo
Start Date
Tenure
Tenure Rank
Jan 05, 2018
4.4
4.4%
Choo Shou Pin is a Portfolio Manager，Managing Director and Technology sector Analyst within the Global Emerging Markets and Asia Pacific Equities team. He is member of the Global Emerging Markets Strategy Committee and is based in Singapore. Choo Shou Pin is also the research coordinator for Asia ex Japan. Prior to joining UBS Asset Management in 2000, Choo Shou Pin managed Asian equities at AIB Govett in Singapore. Previous industry experience includes positions as a central dealer and performance measurement specialist. Mr. Choo earned an M.A. with honors from Oxford University and an M.B.A. from Nanyang Technological University.
Craig Scholl
Start Date
Tenure
Tenure Rank
Jan 05, 2018
4.4
4.4%
Craig Scholl is a Director, Portfolio Manager/Analyst on Lazard's Equity Advantage team. He began working in the investment field in 1984 and joined Lazard in 2007. Education: BS in Finance and Public Communications, Syracuse University. He is a member of the Boston Security Analysts Society.
Manish Modi
Start Date
Tenure
Tenure Rank
Jan 05, 2018
4.4
4.4%
Manish Modi is a portfolio manager within the Global Emerging Markets and Asia Pacific Equities team and a Managing Director at UBS Asset Management. Mr. Modi has been an investment professional with UBS Asset Management since 2004. Prior to that, Manish was Head of Research for Asian equities at Pioneer Investment Management in Singapore. He joined Pioneer’s Emerging Markets team in Boston in 1994, where he managed funds focussing on Pan Asia, Global Emerging Markets and India. Manish began his career at the World Bank in Washington DC, analysing the impact of developmental aid in South Asia.
Geoffrey Wong
Start Date
Tenure
Tenure Rank
Jan 05, 2018
4.4
4.4%
Geoffrey Wong is Head of Global Emerging Markets and Asia Pacific Equities and a Managing Director at UBS Asset Management. Mr. Wong has been an investment professional with UBS Asset Management since 1997.
Ciprian Marin
Start Date
Tenure
Tenure Rank
Jan 05, 2018
4.4
4.4%
Ciprian Marin is a Director, Portfolio Manager/Analyst on Lazard's Equity Advantage team. He began working in the investment field in 1997 and joined Lazard in 2008. Education: MBA in Finance, International University of Japan and a BS in International Economics, Academy of Economic Studies Bucharest. Ciprian is a Certified Investment Adviser (UK). He holds FINRA (formerly NASD) Series 7 and JASDA Series 2 registrations. He has managed a portion of the Fund since August 2015.
Gabriel Csendes
Start Date
Tenure
Tenure Rank
Jan 05, 2018
4.4
4.4%
Gabriel Csendes is a portfolio manager within the Global Emerging Markets and Asia Pacific Equities team and a Managing Director at UBS Asset Management. Mr. Csendes has been an investment professional with UBS Asset Management since 1999.
Susanne Willumsen
Start Date
Tenure
Tenure Rank
Jan 05, 2018
4.4
4.4%
Susanne Willumsen Director, Portfolio Manager/Analyst Lazard Asset Management Limited (London) Susanne Willumsen is a Portfolio Manager/Analyst on Lazard's Quantitative Equity team. She began working in the investment field in 1993. Prior to joining Lazard in 2008, Susanne was Managing Director, Head of Active Equities Europe with State Street Global Advisors (SSgA). During her 13 year tenure at SSgA, Susanne was responsible for the research and portfolio management of all UK and European equity strategies.
Urs Antonioli
Start Date
Tenure
Tenure Rank
Jan 05, 2018
4.4
4.4%
Urs Antonioli is Head of Emerging Europe, and Middle East and Latin America Equities and a Managing Director at UBS Asset Management. Mr. Antonioli has been an investment professional with UBS Group AG since 1994.
Paul Moghtader
Start Date
Tenure
Tenure Rank
Jan 05, 2018
4.4
4.4%
Paul Moghtader, CFA Managing Director, Portfolio Manager/Analyst Lazard Asset Management LLC (Boston) Paul Moghtader is a Portfolio Manager/Analyst on Lazard's Quantitative Equity team. He began working in the investment field in 1992. Prior to joining Lazard in 2007, Paul was Head of the Global Active Equity Group and a Senior Portfolio Manager at State Street Global Advisors (SSgA). At SSgA Paul was the senior manager responsible for the research and portfolio management of all multi-regional active quantitative equity strategies. Previously, Paul was an analyst at State Street Bank.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.09 | 33.71 | 6.67 | 13.42 |
