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Empower Core Strategies: International Equity Fund
mutual fund
MXEVX
Payout Change
Pending
Price as of:
$10.26
+0.06
+0.59%
primary theme
N/A
share class
MXEVX (Mutual Fund)
Empower Core Strategies: International Equity Fund
Payout Change
Pending
Price as of:
$10.26
+0.06
+0.59%
primary theme
N/A
share class
MXEVX (Mutual Fund)
Empower Core Strategies: International Equity Fund
Payout Change
Pending
Price as of:
$10.26
+0.06
+0.59%
primary theme
N/A
share class
Name
As of 04/26/2024Price
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
2.2%
1 yr return
7.8%
3 Yr Avg Return
-2.2%
5 Yr Avg Return
N/A
Net Assets
$590 M
Holdings in Top 10
10.3%
52 WEEK LOW AND HIGH
$10.2
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.10%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 04/26/2024Price
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
MXEVX - Profile
Distributions
- YTD Total Return 2.2%
- 3 Yr Annualized Total Return -2.2%
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio N/A
- Dividend Yield 0.2%
- Dividend Distribution Frequency SemiAnnual
Fund Details
-
Legal NameEmpower Core Strategies: International Equity Fund
-
Fund Family NameN/A
-
Inception DateSep 03, 2020
-
Shares OutstandingN/A
-
Share ClassInvestor
-
CurrencyUSD
-
Domiciled CountryUS
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 of issuers economically tied to countries other than the U.S., including those in emerging markets. 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 issuer of a security or other investment is generally deemed to be economically tied to a particular country other than the U.S. if: (1) the security or other investment is issued or guaranteed by the government of that country or any of its agencies, authorities or instrumentalities; (2) the issuer is organized under the laws of that country; (3) the issuer maintains a principal office in that country; (4) the issuer has its principal securities trading market in that country; (5) the issuer derives 50% or more of its total revenues from goods sold or services performed in that country; (6) the issuer has 50% or more of its assets in that country; or (7) the issuer is included in an index which is representative of that country.Equity securities include common stock and other investment instruments such as depositary receipts and exchange-traded funds (“ETFs”) that track the return of a broad-based international securities index. The Fund may also invest in derivatives, including but not limited to, futures contracts and forward foreign currency 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-advisers and monitors their performance on an ongoing basis. The Fund’s investment portfolio is managed by three sub-advisers: Franklin Templeton Institutional, LLC (“Franklin Templeton”), Irish Life Investment Managers Limited (“ILIM”), and LSV Asset Management (“LSV”) (each, a “Sub-Adviser,” and collectively, the “Sub-Advisers”).•Franklin Templeton employs a disciplined, bottom-up investment approach to identify attractive investment opportunities that are expected to have higher revenue and earnings growth than their peers. Alongside traditional financial and economic analyses, Franklin Templeton assesses the potential impacts of material environmental, social and governance (“ESG”) factors on an issuer, which Franklin Templeton believes provides a measure of the issuer’s sustainability. ESG considerations are only one component in the evaluation of eligible investments and may not be a determinative factor in the final investment decision.•ILIM utilizes a passive investment strategy designed to track, as closely as possible, the performance of the MSCI EAFE Index by investing in the common stocks of each company in the MSCI EAFE Index in approximately the same proportion as their weighting in the MSCI EAFE Index.•LSV generally focuses on investing in securities of companies that it believes are undervalued in the marketplace at the time of purchase and show recent positive signals, such as an appreciation in price and increase in earnings. LSV uses a quantitative investment model to make investment decisions. The investment model ranks securities based on fundamental measures of value (such as the dividend yield) and indicators of near-term recovery (such as recent price appreciation). This investment strategy seeks to manage overall portfolio risk while attempting to increase the expected return.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 15% allocation of the Fund’s assets to Franklin Templeton, a 50% allocation of the Fund’s assets to ILIM, and a 35% allocation of the Fund’s assets to LSV. 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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MXEVX - Performance
Return Ranking - Trailing
| Period | MXEVX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 2.2% | N/A | N/A | N/A |
| 1 Yr | 7.8% | N/A | N/A | N/A |
| 3 Yr | -2.2%* | N/A | N/A | N/A |
| 5 Yr | N/A* | N/A | N/A | N/A |
| 10 Yr | N/A* | N/A | N/A | N/A |
* Annualized
Return Ranking - Calendar
| Period | MXEVX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 14.7% | N/A | N/A | N/A |
| 2022 | -17.2% | N/A | N/A | N/A |
| 2021 | 1.8% | N/A | N/A | N/A |
| 2020 | N/A | N/A | N/A | N/A |
| 2019 | N/A | N/A | N/A | N/A |
Total Return Ranking - Trailing
| Period | MXEVX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 2.2% | N/A | N/A | N/A |
| 1 Yr | 7.8% | N/A | N/A | N/A |
| 3 Yr | -2.2%* | N/A | N/A | N/A |
| 5 Yr | N/A* | N/A | N/A | N/A |
| 10 Yr | N/A* | N/A | N/A | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | MXEVX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 17.1% | N/A | N/A | N/A |
| 2022 | -17.2% | N/A | N/A | N/A |
| 2021 | 1.8% | N/A | N/A | N/A |
| 2020 | N/A | N/A | N/A | N/A |
| 2019 | N/A | N/A | N/A | N/A |
NAV & Total Return History
MXEVX - Holdings
Concentration Analysis
| MXEVX | Category Low | Category High | MXEVX % Rank | |
|---|---|---|---|---|
| Net Assets | 590 M | N/A | N/A | N/A |
| Number of Holdings | 957 | N/A | N/A | N/A |
| Net Assets in Top 10 | 60.7 M | N/A | N/A | N/A |
| Weighting of Top 10 | 10.29% | N/A | N/A | N/A |
Top 10 Holdings
- Novartis AG CHF0.49 (REGD) 1.50%
- ASML Holding N.V. EUR0.09 1.33%
- Shell PLC ORD EUR0.07 1.22%
- Novo Nordisk A/S SER'B'DKK0.1 1.02%
- Roche Holdings AG GENUSSCHEINE NPV 0.98%
- Nestle SA CHF0.10 (REGD) 0.93%
- TotalEnergies SE EUR2.5 0.92%
- HSBC Holdings PLC ORD USD0.50 0.82%
- Sanofi EUR2 0.79%
- Alcon AG CHF0.04 0.78%
Asset Allocation
| Weighting | Return Low | Return High | MXEVX % Rank | |
|---|---|---|---|---|
| Stocks | 95.99% | N/A | N/A | N/A |
| Cash | 1.81% | N/A | N/A | N/A |
| Preferred Stocks | 1.67% | N/A | N/A | N/A |
| Bonds | 0.43% | N/A | N/A | N/A |
| Other | 0.11% | N/A | N/A | N/A |
| Convertible Bonds | 0.00% | N/A | N/A | N/A |
Stock Sector Breakdown
| Weighting | Return Low | Return High | MXEVX % Rank | |
|---|---|---|---|---|
| Utilities | 0.00% | N/A | N/A | N/A |
| Technology | 0.00% | N/A | N/A | N/A |
| Real Estate | 0.00% | N/A | N/A | N/A |
| Industrials | 0.00% | N/A | N/A | N/A |
| Healthcare | 0.00% | N/A | N/A | N/A |
| Financial Services | 0.00% | N/A | N/A | N/A |
| Energy | 0.00% | N/A | N/A | N/A |
| Communication Services | 0.00% | N/A | N/A | N/A |
| Consumer Defense | 0.00% | N/A | N/A | N/A |
| Consumer Cyclical | 0.00% | N/A | N/A | N/A |
| Basic Materials | 0.00% | N/A | N/A | N/A |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | MXEVX % Rank | |
|---|---|---|---|---|
| Non US | 93.28% | N/A | N/A | N/A |
| US | 2.70% | N/A | N/A | N/A |
Bond Sector Breakdown
| Weighting | Return Low | Return High | MXEVX % Rank | |
|---|---|---|---|---|
| Derivative | 0.11% | N/A | N/A | N/A |
| Cash & Equivalents | 0.00% | N/A | N/A | N/A |
| Securitized | 0.00% | N/A | N/A | N/A |
| Corporate | 0.00% | N/A | N/A | N/A |
| Municipal | 0.00% | N/A | N/A | N/A |
| Government | 0.00% | N/A | N/A | N/A |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | MXEVX % Rank | |
|---|---|---|---|---|
| US | 0.43% | N/A | N/A | N/A |
| Non US | 0.00% | N/A | N/A | N/A |
MXEVX - Expenses
Operational Fees
| MXEVX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.10% | N/A | N/A | N/A |
| Management Fee | 0.53% | N/A | N/A | N/A |
| 12b-1 Fee | N/A | N/A | N/A | N/A |
| Administrative Fee | N/A | N/A | N/A | N/A |
Sales Fees
| MXEVX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | N/A | N/A | N/A |
| Deferred Load | N/A | N/A | N/A | N/A |
Trading Fees
| MXEVX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | N/A | N/A | 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.
| MXEVX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | N/A | N/A | N/A | N/A |
MXEVX - Distributions
Dividend Yield Analysis
| MXEVX | Category Low | Category High | MXEVX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.18% | N/A | N/A | N/A |
Dividend Distribution Analysis
| MXEVX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | SemiAnnual |
Net Income Ratio Analysis
| MXEVX | Category Low | Category High | MXEVX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | N/A | N/A | N/A | N/A |
Capital Gain Distribution Analysis
| MXEVX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 28, 2023 | $0.009 | OrdinaryDividend |
| Sep 07, 2023 | $0.064 | OrdinaryDividend |
| Jun 26, 2023 | $0.117 | OrdinaryDividend |
