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Empower Mid Cap Value Fund
mutual fund
MXKJX
Payout Change
Pending
Price as of:
$10.05
-0.06
-0.59%
primary theme
U.S. Mid-Cap Value Equity
share class
MXKJX (Mutual Fund)
Empower Mid Cap Value Fund
Payout Change
Pending
Price as of:
$10.05
-0.06
-0.59%
primary theme
U.S. Mid-Cap Value Equity
share class
MXKJX (Mutual Fund)
Empower Mid Cap Value Fund
Payout Change
Pending
Price as of:
$10.05
-0.06
-0.59%
primary theme
U.S. Mid-Cap Value Equity
share class
Name
As of 12/09/2024Price
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
21.7%
1 yr return
28.7%
3 Yr Avg Return
-0.7%
5 Yr Avg Return
4.9%
Net Assets
$640 M
Holdings in Top 10
11.6%
52 WEEK LOW AND HIGH
$10.1
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.81%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 227.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/09/2024Price
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
MXKJX - Profile
Distributions
- YTD Total Return 21.7%
- 3 Yr Annualized Total Return -0.7%
- 5 Yr Annualized Total Return 4.9%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.22%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameEmpower Mid Cap Value Fund
-
Fund Family NameGreat-West Funds
-
Inception DateMay 01, 2015
-
Shares OutstandingN/A
-
Share ClassInstl
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerLen Ioffe
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 U.S. mid-capitalization (“mid cap”) companies, including foreign issuers that are traded in the U.S. For purposes of the 80% policy, the Fund considers mid cap companies to be those whose market capitalization falls within the range of the Russell Midcap® Value Index at the time of initial purchase. As of December 31, 2023, the market capitalization range of the Russell Midcap® Value Index was between $750 million and $59 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 may invest in real estate investment trusts (“REITs”) and derivatives, including but not limited to futures contracts. The Fund may engage in active and frequent trading of its portfolio securities. The Fund may also focus its investments in certain sectors, such as the financial sector.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 Goldman Sachs Asset Management, L.P. (the “Sub-Adviser” or “GSAM”). GSAM manages the Fund using a quantitative investment process, in combination with a qualitative overlay. GSAM’s investment style emphasizes fundamentally based stock selection, careful portfolio construction and efficient implementation.
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MXKJX - Performance
Return Ranking - Trailing
| Period | MXKJX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 21.7% | 7.2% | 39.2% | 10.28% |
| 1 Yr | 28.7% | 12.6% | 44.8% | 10.56% |
| 3 Yr | -0.7%* | -0.7% | 18.1% | 100.00% |
| 5 Yr | 4.9%* | 1.0% | 18.9% | 98.28% |
| 10 Yr | N/A* | 1.8% | 11.9% | 31.93% |
* Annualized
Return Ranking - Calendar
| Period | MXKJX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 12.5% | -11.3% | 33.3% | 24.17% |
| 2022 | -38.1% | -41.6% | 2.3% | 99.44% |
| 2021 | 29.6% | -41.5% | 44.9% | 13.80% |
| 2020 | -1.3% | -29.0% | 22.1% | 67.34% |
| 2019 | 19.2% | -8.1% | 31.2% | 70.41% |
Total Return Ranking - Trailing
| Period | MXKJX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 21.7% | 7.2% | 39.2% | 10.28% |
| 1 Yr | 28.7% | 12.6% | 44.8% | 10.56% |
| 3 Yr | -0.7%* | -0.7% | 18.1% | 100.00% |
| 5 Yr | 4.9%* | 1.0% | 18.9% | 98.28% |
| 10 Yr | N/A* | 1.8% | 11.9% | 29.52% |
* Annualized
Total Return Ranking - Calendar
| Period | MXKJX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 15.5% | -1.7% | 36.5% | 29.17% |
| 2022 | -35.0% | -35.0% | 2.4% | 100.00% |
| 2021 | 35.8% | 6.2% | 48.3% | 5.63% |
| 2020 | 0.0% | -22.9% | 23.2% | 73.64% |
| 2019 | 20.8% | -3.0% | 35.7% | 89.05% |
NAV & Total Return History
MXKJX - Holdings
Concentration Analysis
| MXKJX | Category Low | Category High | MXKJX % Rank | |
|---|---|---|---|---|
| Net Assets | 640 M | 991 K | 28 B | 58.17% |
| Number of Holdings | 210 | 8 | 2308 | 17.73% |
| Net Assets in Top 10 | 75.2 M | 349 K | 5.52 B | 68.42% |
| Weighting of Top 10 | 11.58% | 4.6% | 100.2% | 91.69% |
Top 10 Holdings
- D.R. Horton, Inc. COM 1.45%
- Ametek, Inc. COM 1.26%
- Xcel Energy Inc COM USD2.5 1.26%
- IQVIA Holdings Inc. COM 1.24%
- Eversource Energy COM 1.10%
- NVR Inc COM 1.08%
- Equifax Inc. COM 1.07%
- Synchrony Financial COM 1.06%
- Ferguson Enterprises Inc COMMON STOCK NEW 1.04%
- Packaging Corporation of America COM USD0.01 1.04%
Asset Allocation
| Weighting | Return Low | Return High | MXKJX % Rank | |
|---|---|---|---|---|
| Stocks | 98.82% | 55.64% | 103.53% | 42.11% |
| Cash | 1.18% | 0.00% | 27.43% | 54.29% |
| Preferred Stocks | 0.00% | 0.00% | 1.68% | 7.76% |
| Other | 0.00% | 0.00% | 7.98% | 38.50% |
| Convertible Bonds | 0.00% | 0.00% | 0.02% | 0.56% |
| Bonds | 0.00% | 0.00% | 19.09% | 6.65% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | MXKJX % Rank | |
|---|---|---|---|---|
| Financial Services | 18.22% | 0.00% | 60.11% | 49.58% |
| Industrials | 15.81% | 0.00% | 29.02% | 49.03% |
| Consumer Cyclical | 11.92% | 0.00% | 29.62% | 37.88% |
| Real Estate | 11.66% | 0.00% | 40.74% | 11.70% |
| Technology | 10.98% | 0.00% | 30.07% | 25.35% |
| Healthcare | 10.07% | 0.00% | 32.47% | 40.67% |
| Basic Materials | 7.40% | 0.00% | 23.88% | 27.58% |
| Utilities | 5.09% | 0.00% | 24.69% | 63.51% |
| Communication Services | 3.87% | 0.00% | 19.80% | 32.31% |
| Energy | 2.98% | 0.00% | 29.17% | 88.02% |
| Consumer Defense | 1.98% | 0.00% | 33.79% | 93.87% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | MXKJX % Rank | |
|---|---|---|---|---|
| US | 98.82% | 55.64% | 103.53% | 37.95% |
| Non US | 0.00% | 0.00% | 33.85% | 22.99% |
MXKJX - Expenses
Operational Fees
| MXKJX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.81% | 0.06% | 16.92% | 73.61% |
| Management Fee | 0.78% | 0.00% | 1.20% | 79.22% |
| 12b-1 Fee | 0.00% | 0.00% | 1.00% | 0.53% |
| Administrative Fee | N/A | 0.01% | 0.40% | 1.00% |
Sales Fees
| MXKJX 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% | 4.00% | N/A |
Trading Fees
| MXKJX 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.
| MXKJX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 227.00% | 0.00% | 227.00% | 99.70% |
MXKJX - Distributions
Dividend Yield Analysis
| MXKJX | Category Low | Category High | MXKJX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.05% | 0.00% | 22.79% | 35.00% |
Dividend Distribution Analysis
| MXKJX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | SemiAnnual | Annual |
Net Income Ratio Analysis
| MXKJX | Category Low | Category High | MXKJX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.22% | -1.84% | 4.73% | 22.63% |
Capital Gain Distribution Analysis
| MXKJX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Sep 06, 2024 | $0.005 | OrdinaryDividend |
| Dec 27, 2023 | $0.154 | OrdinaryDividend |
| Jun 23, 2023 | $0.055 | OrdinaryDividend |
| Dec 28, 2022 | $0.170 | CapitalGainLongTerm |
| Sep 06, 2022 | $0.105 | OrdinaryDividend |
| Sep 06, 2022 | $0.046 | CapitalGainLongTerm |
| Jun 23, 2022 | $0.039 | OrdinaryDividend |
| Dec 29, 2021 | $0.503 | CapitalGainLongTerm |
| Jun 23, 2021 | $0.059 | OrdinaryDividend |
| Dec 29, 2020 | $0.044 | OrdinaryDividend |
| Sep 04, 2020 | $0.006 | CapitalGainLongTerm |
| Jun 24, 2020 | $0.054 | OrdinaryDividend |
| Dec 27, 2019 | $0.067 | OrdinaryDividend |
| Jun 24, 2019 | $0.057 | OrdinaryDividend |
| Dec 27, 2018 | $0.446 | OrdinaryDividend |
| Dec 27, 2018 | $0.270 | CapitalGainLongTerm |
| Sep 07, 2018 | $0.151 | OrdinaryDividend |
| Sep 07, 2018 | $0.050 | CapitalGainLongTerm |
| Jun 22, 2018 | $0.054 | OrdinaryDividend |
| Dec 27, 2017 | $0.966 | OrdinaryDividend |
| Dec 27, 2017 | $0.451 | CapitalGainLongTerm |
MXKJX - Fund Manager Analysis
Managers
Len Ioffe
Start Date
Tenure
Tenure Rank
Oct 24, 2011
10.61
10.6%
Senior Portfolio Managers oversee all aspects of their product areas from research to implementation and are ultimately responsible for supervising and monitoring the process, implementation, and controls. They are supported by teams throughout the functional areas.
Dennis Walsh
Start Date
Tenure
Tenure Rank
Dec 31, 2013
8.42
8.4%
Dennis Walsh joined Goldman Sachs Asset Management, L.P. as an associate in 2009 and has been a portfolio manager since 2012. Between 2005 and 2007 he worked as a senior developer at Goldman Sachs and after that attended the graduate school at Princeton University.
Osman Ali
Start Date
Tenure
Tenure Rank
Dec 31, 2013
8.42
8.4%
Senior Portfolio Managers oversee all aspects of their product areas from research to implementation and are ultimately responsible for supervising and monitoring the process, implementation, and controls. They are supported by teams throughout the functional areas.
Takashi Suwabe
Start Date
Tenure
Tenure Rank
Apr 30, 2021
1.08
1.1%
Takashi Suwabe is co-head of active equity research in the QIS team. He joined Goldman Sachs Asset Management in 2004 and has been a member of the QIS team since 2009.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 35.59 | 8.15 | 10.92 |
