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Trending ETFs

Empower Large Cap Value Fund

mutual fund
MXHAX
Payout Change
Pending
Price as of:
$13.41 +0.0 +0.0%
primary theme
U.S. Large-Cap Value Equity
MXHAX (Mutual Fund)

Empower Large Cap Value Fund

Payout Change
Pending
Price as of:
$13.41 +0.0 +0.0%
primary theme
U.S. Large-Cap Value Equity
MXHAX (Mutual Fund)

Empower Large Cap Value Fund

Payout Change
Pending
Price as of:
$13.41 +0.0 +0.0%
primary theme
U.S. Large-Cap Value Equity

Name

As of 10/08/2024

Price

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

$13.41

$1.59 B

0.08%

$0.01

0.97%

Vitals

YTD Return

17.8%

1 yr return

29.4%

3 Yr Avg Return

10.1%

5 Yr Avg Return

N/A

Net Assets

$1.59 B

Holdings in Top 10

18.9%

52 WEEK LOW AND HIGH

$13.4
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.97%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 28.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$0

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 10/08/2024

Price

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

$13.41

$1.59 B

0.08%

$0.01

0.97%

MXHAX - Profile

Distributions

  • YTD Total Return 17.8%
  • 3 Yr Annualized Total Return 10.1%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 1.39%
DIVIDENDS
  • Dividend Yield 0.1%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    Empower Large Cap Value Fund
  • Fund Family Name
    Great-West Funds
  • Inception Date
    Oct 25, 2019
  • Shares Outstanding
    N/A
  • Share Class
    Investor
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Darren Jaroch

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 large capitalization (“large cap”) companies. For purposes of the 80% policy, the Fund considers large cap companies to be those whose market capitalization falls within the range of the Russell 1000® Value Index at the time of initial purchase. As of December 31, 2023, the market capitalizations of the companies in the Russell 1000® Value Index ranged from $270.2 million to $776.9 billion. If the market capitalization of a company held by the Fund moves outside this range, the Fund may, but is not required to, sell the securities.The Fund emphasizes a “value style” of investing, seeking companies that are undervalued in comparison to their peers due to economic, market, company-specific or other factors, but have the prospect of achieving improved valuations in the future.The Fund invests primarily in common stocks of large U.S. companies but may also invest in common stocks of midsize U.S. companies and companies from outside the U.S. The Fund may invest in derivatives, including but not limited to 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 two sub-advisers: Putnam Investment Management, LLC (“Putnam”) and T. Rowe Price Associates, Inc. (“T. Rowe Price”) (each, a “Sub-Adviser,” and collectively, the “Sub-Advisers”).Putnam invests mainly in common stocks of large and midsize U.S. companies, with a focus on value stocks that offer the potential for capital growth, current income, or both. Putnam integrates environmental, social, and governance (“ESG”) considerations into its fundamental research process and investment decision-making when the portfolio managers consider them material and relevant. ESG considerations are only one component in the evaluation of eligible investments and may not be a determinative factor in the final investment decision.T. Rowe Price invests in large companies that have a strong track record of paying dividends or that are believed to be undervalued. T. Rowe Price integrates ESG factors into its research process for certain investments, focusing on the ESG factors it considers most likely to have a material impact on performance. ESG considerations are only one component in the evaluation of eligible investments and may not be a determinative factor in the final investment decision.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 50% allocation of the Fund’s assets to Putnam and a 50% allocation of the Fund’s assets to T. Rowe Price. 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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MXHAX - Performance

Return Ranking - Trailing

Period MXHAX Return Category Return Low Category Return High Rank in Category (%)
YTD 17.8% -0.6% 35.8% 14.78%
1 Yr 29.4% 7.4% 59.4% 10.56%
3 Yr 10.1%* -1.7% 32.6% 15.13%
5 Yr N/A* -0.3% 46.6% 32.07%
10 Yr N/A* 1.6% 25.5% 54.06%

* Annualized

Return Ranking - Calendar

Period MXHAX Return Category Return Low Category Return High Rank in Category (%)
2023 5.8% -16.9% 46.1% 50.92%
2022 -11.3% -64.7% 4.6% 43.43%
2021 18.1% -44.2% 57.5% 42.51%
2020 -1.0% -23.2% 285.0% 54.67%
2019 N/A -21.4% 48.5% N/A

Total Return Ranking - Trailing

Period MXHAX Return Category Return Low Category Return High Rank in Category (%)
YTD 17.8% -0.6% 35.8% 14.78%
1 Yr 29.4% 7.4% 59.4% 10.56%
3 Yr 10.1%* -1.7% 32.6% 15.13%
5 Yr N/A* -0.3% 46.6% 30.19%
10 Yr N/A* 1.6% 25.5% 50.19%

* Annualized

Total Return Ranking - Calendar

Period MXHAX Return Category Return Low Category Return High Rank in Category (%)
2023 12.1% -15.9% 46.7% 42.19%
2022 -3.4% -42.0% 8.5% 29.17%
2021 26.2% 3.6% 129.7% 47.41%
2020 3.9% -22.6% 304.8% 41.89%
2019 N/A -12.7% 52.1% N/A

NAV & Total Return History


MXHAX - Holdings

Concentration Analysis

MXHAX Category Low Category High MXHAX % Rank
Net Assets 1.59 B 1.94 M 163 B 40.51%
Number of Holdings 176 2 1733 15.67%
Net Assets in Top 10 290 M 433 K 37.8 B 48.40%
Weighting of Top 10 18.92% 4.4% 99.1% 92.84%

Top 10 Holdings

  1. Exxon Mobil Corp. COM NPV 2.40%
  2. Microsoft Corp. COM 2.33%
  3. QUALCOMM Inc. COM 2.25%
  4. Citigroup Inc. COM USD0.01 2.10%
  5. Walmart Inc COM 1.98%
  6. The Charles Schwab Corporation COM 1.67%
  7. American International Group Inc. COM NEW 1.63%
  8. Philip Morris International Inc. COM 1.61%
  9. Bank of America Corp. COM 1.56%
  10. AbbVie Inc. COM 1.39%

Asset Allocation

Weighting Return Low Return High MXHAX % Rank
Stocks
97.38% 7.19% 103.40% 69.20%
Other
2.95% -2.19% 36.68% 2.75%
Preferred Stocks
0.45% 0.00% 15.27% 8.89%
Cash
0.32% 0.00% 36.15% 80.11%
Convertible Bonds
0.15% 0.00% 3.66% 4.51%
Bonds
0.08% 0.00% 78.06% 9.72%

Stock Sector Breakdown

Weighting Return Low Return High MXHAX % Rank
Financial Services
20.88% 0.00% 58.05% 33.58%
Healthcare
17.18% 0.00% 30.08% 55.04%
Industrials
12.26% 0.00% 42.76% 38.85%
Technology
10.05% 0.00% 54.02% 53.38%
Consumer Defense
8.42% 0.00% 34.10% 51.34%
Utilities
7.04% 0.00% 27.04% 18.87%
Consumer Cyclical
5.87% 0.00% 22.74% 46.99%
Basic Materials
5.29% 0.00% 21.69% 15.36%
Energy
4.86% 0.00% 54.00% 81.22%
Communication Services
4.10% 0.00% 26.58% 74.28%
Real Estate
4.05% 0.00% 90.54% 34.88%

Stock Geographic Breakdown

Weighting Return Low Return High MXHAX % Rank
US
92.78% 7.19% 103.40% 79.29%
Non US
4.60% 0.00% 24.72% 15.95%

Bond Sector Breakdown

Weighting Return Low Return High MXHAX % Rank
Corporate
100.00% 0.00% 100.00% 0.87%
Derivative
2.95% -2.19% 8.30% 1.10%
Cash & Equivalents
0.32% 0.00% 100.00% 70.12%
Securitized
0.00% 0.00% 40.38% 48.17%
Municipal
0.00% 0.00% 0.02% 48.17%
Government
0.00% 0.00% 100.00% 49.42%

Bond Geographic Breakdown

Weighting Return Low Return High MXHAX % Rank
US
0.08% 0.00% 66.93% 9.72%
Non US
0.00% 0.00% 11.12% 47.75%

MXHAX - Expenses

Operational Fees

MXHAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.97% 0.03% 14.82% 45.35%
Management Fee 0.59% 0.00% 1.50% 51.29%
12b-1 Fee 0.00% 0.00% 1.00% 9.95%
Administrative Fee N/A 0.00% 0.50% N/A

Sales Fees

MXHAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 5.75% N/A
Deferred Load N/A 0.95% 5.00% N/A

Trading Fees

MXHAX 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.

MXHAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 28.00% 0.00% 488.00% 39.68%

MXHAX - Distributions

Dividend Yield Analysis

MXHAX Category Low Category High MXHAX % Rank
Dividend Yield 0.08% 0.00% 16.67% 93.30%

Dividend Distribution Analysis

MXHAX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annual Quarterly Annual

Net Income Ratio Analysis

MXHAX Category Low Category High MXHAX % Rank
Net Income Ratio 1.39% -1.51% 4.28% 47.00%

Capital Gain Distribution Analysis

MXHAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Semi-Annually Annually

Distributions History

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MXHAX - Fund Manager Analysis

Managers

Darren Jaroch


Start Date

Tenure

Tenure Rank

Sep 24, 2012

9.69

9.7%

Mr. Jaroch is a Portfolio Manager of U.S., international, and global value strategies. He joined Putnam in 1999 and has been in the investment industry since 1996. Previously at Putnam, Mr. Jaroch managed global core equity strategies and worked on quantitative models as a member of the U.S. Value team. Prior to joining Putnam, he was a Senior Auditor, Client Service, at State Street Bank & Trust from 1996 to 1998 and a Research Associate at Abt Associates from 1995 to 1996. Mr. Jaroch earned a B.A. from Hartwick College.

John Linehan


Start Date

Tenure

Tenure Rank

Nov 01, 2015

6.58

6.6%

John Linehan is the portfolio manager for the Equity Income Strategy and co-portfolio manager of the US Large-Cap Value Strategy for T. Rowe Price. In addition, he is the chief investment officer of Equity and a member of the firm's US Equity Steering, Equity Brokerage and Trading Control, and Counterparty Risk Committees. Mr. Linehan is Chairman of the Investment Advisory Committee at T. Rowe. He is a large-cap value portfolio manager in the U.S. Equity Division and also co-chair of the Investment Advisory Committee for the Institutional Large-Cap Value Strategy. From February 2010 to June 2014, Mr. Linehan was head of U.S. Equity and chairman of the U.S. Equity Steering Committee. He is a member of the firm's U.S. Equity Steering, Equity Brokerage and Trading Control, and Counterparty Risk Committees. He earned a B.A. from Amherst College and an M.B.A. from Stanford University, where he was the Henry Ford II Scholar, an Arjay Miller Scholar, and the winner of the Alexander A. Robichek Award in finance. Mr. Linehan is a CFA® charterholder.

Lauren DeMore


Start Date

Tenure

Tenure Rank

Sep 10, 2019

2.72

2.7%

Ms. DeMore is an Assistant Portfolio Manager of Putnam's U.S. large-cap value and international value strategies. She joined Putnam in 2006 and has been in the investment industry since 2002. Previously at Putnam, Ms. DeMore was an Analyst covering the non-U.S. financials, telecommunications, and utilities sectors. Prior to joining Putnam, Ms. DeMore was an Analyst at EnCapital from 2002 to 2006.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.05 86.59 8.09 6.71