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Empower S&P Small Cap 600 Index Fund
mutual fund
MXERX
Payout Change
Pending
Price as of:
$7.43
+0.05
+0.68%
primary theme
U.S. Small-Cap Blend Equity
share class
MXERX (Mutual Fund)
Empower S&P Small Cap 600 Index Fund
Payout Change
Pending
Price as of:
$7.43
+0.05
+0.68%
primary theme
U.S. Small-Cap Blend Equity
share class
MXERX (Mutual Fund)
Empower S&P Small Cap 600 Index Fund
Payout Change
Pending
Price as of:
$7.43
+0.05
+0.68%
primary theme
U.S. Small-Cap Blend 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
16.3%
1 yr return
25.2%
3 Yr Avg Return
4.0%
5 Yr Avg Return
9.5%
Net Assets
$831 M
Holdings in Top 10
7.7%
52 WEEK LOW AND HIGH
$7.4
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.21%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 20.00%
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
MXERX - Profile
Distributions
- YTD Total Return 16.3%
- 3 Yr Annualized Total Return 4.0%
- 5 Yr Annualized Total Return 9.5%
- Capital Gain Distribution Frequency None
- Net Income Ratio 1.21%
- Dividend Yield 0.1%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameEmpower S&P Small Cap 600 Index Fund
-
Fund Family NameGreat-West Funds
-
Inception DateMay 01, 2015
-
Shares OutstandingN/A
-
Share ClassInstl
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerPeter Leonard
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 common stocks of the companies included in the Benchmark Index. The Benchmark Index is designed to measure the performance of 600 small size companies and represents the small cap segment of the U.S. equities market.The Fund uses the replication method of indexing, meaning the Fund seeks to own the securities contained in the Benchmark Index in as close as possible a proportion of the Fund as each stock’s weight in the Benchmark Index.The Fund may invest in derivatives, including but not limited to futures contracts on the Benchmark Index and options on futures contracts.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-adviser and monitors its performance on an ongoing basis. The Fund’s investment portfolio is managed by Irish Life Investment Managers Limited (the “Sub-Adviser” or “ILIM”).
Read More
MXERX - Performance
Return Ranking - Trailing
| Period | MXERX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 16.3% | -1.5% | 40.1% | 74.29% |
| 1 Yr | 25.2% | 0.0% | 49.5% | 65.90% |
| 3 Yr | 4.0%* | -11.3% | 45.7% | 74.57% |
| 5 Yr | 9.5%* | -12.3% | 38.2% | 57.43% |
| 10 Yr | N/A* | -2.8% | 18.6% | 7.79% |
* Annualized
Return Ranking - Calendar
| Period | MXERX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 7.4% | -19.9% | 29.0% | 84.89% |
| 2022 | -37.0% | -59.3% | 118.2% | 96.15% |
| 2021 | 22.6% | -31.6% | 39.3% | 12.50% |
| 2020 | -0.8% | -51.0% | 39.5% | 91.78% |
| 2019 | 9.7% | -5.6% | 37.8% | 94.14% |
Total Return Ranking - Trailing
| Period | MXERX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 16.3% | -1.5% | 40.1% | 74.29% |
| 1 Yr | 25.2% | 0.0% | 49.5% | 65.90% |
| 3 Yr | 4.0%* | -11.3% | 45.7% | 74.57% |
| 5 Yr | 9.5%* | -12.3% | 38.2% | 57.43% |
| 10 Yr | N/A* | -2.8% | 18.6% | 7.60% |
* Annualized
Total Return Ranking - Calendar
| Period | MXERX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 15.7% | -11.7% | 31.8% | 61.76% |
| 2022 | -28.3% | -45.2% | 123.7% | 99.42% |
| 2021 | 44.7% | 0.0% | 45.6% | 0.59% |
| 2020 | 11.5% | -50.5% | 46.9% | 57.92% |
| 2019 | 21.2% | 2.2% | 40.9% | 85.77% |
NAV & Total Return History
MXERX - Holdings
Concentration Analysis
| MXERX | Category Low | Category High | MXERX % Rank | |
|---|---|---|---|---|
| Net Assets | 831 M | 555 K | 145 B | 40.30% |
| Number of Holdings | 608 | 2 | 2445 | 20.34% |
| Net Assets in Top 10 | 92.5 M | 124 K | 10.3 B | 46.39% |
| Weighting of Top 10 | 7.74% | 3.1% | 100.1% | 85.88% |
Top 10 Holdings
- DREYFUS INSTL PREFER GOVT-IS #6546 2.60%
- Mueller Industries Inc. COM 0.62%
- ATI Inc COM 0.61%
- Ensign Group Inc COM 0.60%
- Comerica Incorporated COM 0.59%
- Carpenter Technology Corporation COM 0.58%
- Meritage Homes Corp COM 0.55%
- SPX Technologies, Inc. COM 0.54%
- Lumen Technologies Inc COM 0.53%
- SPS Commerce Inc COM 0.53%
Asset Allocation
| Weighting | Return Low | Return High | MXERX % Rank | |
|---|---|---|---|---|
| Stocks | 99.20% | 4.44% | 107.74% | 26.43% |
| Cash | 2.60% | 0.00% | 27.02% | 36.88% |
| Bonds | 0.38% | 0.00% | 102.81% | 7.41% |
| Other | 0.03% | -0.07% | 49.08% | 36.88% |
| Preferred Stocks | 0.00% | 0.00% | 5.13% | 61.79% |
| Convertible Bonds | 0.00% | 0.00% | 3.17% | 61.71% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | MXERX % Rank | |
|---|---|---|---|---|
| Financial Services | 17.57% | 0.00% | 35.52% | 25.19% |
| Industrials | 16.76% | 2.46% | 37.42% | 50.38% |
| Technology | 13.03% | 0.00% | 43.95% | 63.85% |
| Healthcare | 12.16% | 0.00% | 26.53% | 56.73% |
| Consumer Cyclical | 11.74% | 0.99% | 47.79% | 36.35% |
| Real Estate | 9.49% | 0.00% | 29.43% | 17.12% |
| Basic Materials | 5.40% | 0.00% | 18.66% | 39.62% |
| Energy | 4.62% | 0.00% | 37.72% | 72.88% |
| Consumer Defense | 4.50% | 0.00% | 18.87% | 39.62% |
| Communication Services | 2.83% | 0.00% | 14.85% | 47.88% |
| Utilities | 1.90% | 0.00% | 18.58% | 65.77% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | MXERX % Rank | |
|---|---|---|---|---|
| US | 99.20% | 2.58% | 107.74% | 23.95% |
| Non US | 0.00% | 0.00% | 97.07% | 67.87% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | MXERX % Rank | |
|---|---|---|---|---|
| Cash & Equivalents | 2.60% | 0.00% | 100.00% | 33.27% |
| Derivative | 0.03% | -0.07% | 9.34% | 21.10% |
| Securitized | 0.00% | 0.00% | 8.22% | 59.08% |
| Corporate | 0.00% | 0.00% | 100.00% | 62.44% |
| Municipal | 0.00% | 0.00% | 0.15% | 58.78% |
| Government | 0.00% | 0.00% | 38.56% | 59.39% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | MXERX % Rank | |
|---|---|---|---|---|
| US | 0.38% | 0.00% | 89.10% | 7.41% |
| Non US | 0.00% | 0.00% | 13.72% | 60.84% |
MXERX - Expenses
Operational Fees
| MXERX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.21% | 0.01% | 38.30% | 91.98% |
| Management Fee | 0.19% | 0.00% | 1.50% | 10.69% |
| 12b-1 Fee | 0.00% | 0.00% | 1.00% | 15.42% |
| Administrative Fee | N/A | 0.01% | 0.45% | 0.56% |
Sales Fees
| MXERX 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
| MXERX 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.
| MXERX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 20.00% | 1.00% | 314.00% | 15.01% |
MXERX - Distributions
Dividend Yield Analysis
| MXERX | Category Low | Category High | MXERX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.12% | 0.00% | 42.47% | 27.00% |
Dividend Distribution Analysis
| MXERX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | SemiAnnual | SemiAnnual |
Net Income Ratio Analysis
| MXERX | Category Low | Category High | MXERX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.21% | -2.40% | 2.49% | 5.96% |
Capital Gain Distribution Analysis
| MXERX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | None | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Sep 06, 2024 | $0.009 | OrdinaryDividend |
| Sep 06, 2024 | $0.136 | CapitalGainLongTerm |
| Dec 27, 2023 | $0.077 | OrdinaryDividend |
| Dec 27, 2023 | $0.193 | CapitalGainLongTerm |
| Sep 06, 2023 | $0.001 | OrdinaryDividend |
| Sep 06, 2023 | $0.144 | CapitalGainLongTerm |
| Jun 27, 2023 | $0.070 | OrdinaryDividend |
| Dec 28, 2022 | $0.077 | OrdinaryDividend |
| Dec 28, 2022 | $0.468 | CapitalGainLongTerm |
| Sep 06, 2022 | $0.008 | OrdinaryDividend |
| Sep 06, 2022 | $0.217 | CapitalGainLongTerm |
| Jun 23, 2022 | $0.054 | OrdinaryDividend |
| Dec 29, 2021 | $0.311 | OrdinaryDividend |
| Dec 29, 2021 | $1.078 | CapitalGainLongTerm |
| Sep 03, 2021 | $0.055 | OrdinaryDividend |
| Sep 03, 2021 | $0.185 | CapitalGainLongTerm |
| Jun 23, 2021 | $0.058 | OrdinaryDividend |
| Dec 29, 2020 | $0.098 | OrdinaryDividend |
| Dec 29, 2020 | $0.548 | CapitalGainLongTerm |
| Sep 04, 2020 | $0.053 | OrdinaryDividend |
| Sep 04, 2020 | $0.128 | CapitalGainLongTerm |
| Jun 24, 2020 | $0.063 | OrdinaryDividend |
| Dec 27, 2019 | $0.667 | CapitalGainLongTerm |
| Dec 27, 2019 | $0.087 | OrdinaryDividend |
| Jun 24, 2019 | $0.068 | OrdinaryDividend |
| Dec 27, 2018 | $0.168 | OrdinaryDividend |
| Dec 27, 2018 | $1.163 | CapitalGainLongTerm |
| Sep 07, 2018 | $0.008 | OrdinaryDividend |
| Sep 07, 2018 | $0.239 | CapitalGainLongTerm |
| Jun 22, 2018 | $0.076 | OrdinaryDividend |
| Dec 27, 2017 | $0.221 | OrdinaryDividend |
| Dec 27, 2017 | $0.964 | CapitalGainLongTerm |
MXERX - Fund Manager Analysis
Managers
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.
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.
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.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 49.61 | 7.17 | 2.58 |
