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Name

As of 04/17/2024

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

Empower U.S. Government Securities Fund

MXDQX | Fund

$7.97

$660 M

5.17%

$0.41

0.26%

Vitals

YTD Return

-3.0%

1 yr return

-0.9%

3 Yr Avg Return

-3.6%

5 Yr Avg Return

-0.4%

Net Assets

$660 M

Holdings in Top 10

20.6%

52 WEEK LOW AND HIGH

$7.9
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.26%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 85.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$0

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 04/17/2024

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

Empower U.S. Government Securities Fund

MXDQX | Fund

$7.97

$660 M

5.17%

$0.41

0.26%

MXDQX - Profile

Distributions

  • YTD Total Return -3.0%
  • 3 Yr Annualized Total Return -3.6%
  • 5 Yr Annualized Total Return -0.4%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 1.00%
DIVIDENDS
  • Dividend Yield 5.2%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Empower U.S. Government Securities Fund
  • Fund Family Name
    Great-West Funds
  • Inception Date
    May 01, 2015
  • Shares Outstanding
    N/A
  • Share Class
    Instl
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Jack Brown

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 securities that have been issued or guaranteed by the U.S. government or its agencies or instrumentalities. Ordinarily such securities will have principal and interest guaranteed by the U.S. government or its agencies or instrumentalities, be subject to repurchase agreements, or represent an interest in or be secured by mortgages that are issued or guaranteed by certain U.S. government agencies or instrumentalities. The Fund may enter into forward roll obligations on U.S. government securities, including mortgage dollar rolls and to-be-announced (“TBA”) securities, which count towards the Fund’s 80% policy.The Fund invests primarily in investment grade securities and may invest in securities of any maturity. Up to 20% of the Fund’s net assets may be invested in securities that are not issued or guaranteed by the U.S. government or its agencies or instrumentalities, including asset-backed securities. The Fund may also invest in derivatives, including but not limited to futures contracts on U.S. Treasury securities.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 Western Asset Management Company, LLC (the “Sub-Adviser” or “WAMCO”). WAMCO emphasizes long-term fundamental value investing that integrates top-down macroeconomic decisions with bottom-up issuer selection.
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MXDQX - Performance

Return Ranking - Trailing

Period MXDQX Return Category Return Low Category Return High Rank in Category (%)
YTD -3.0% -4.6% 7.2% 57.96%
1 Yr -0.9% -4.9% 28.2% 37.61%
3 Yr -3.6%* -8.6% 9.5% 30.22%
5 Yr -0.4%* -5.9% 3.6% 26.76%
10 Yr N/A* -2.2% 3.4% 23.19%

* Annualized

Return Ranking - Calendar

Period MXDQX Return Category Return Low Category Return High Rank in Category (%)
2023 0.2% -1.0% 22.1% 75.66%
2022 -14.2% -20.4% -5.8% 76.89%
2021 -4.7% -7.1% 16.6% 91.82%
2020 3.9% -1.3% 8.8% 46.73%
2019 3.4% 0.3% 7.1% 50.24%

Total Return Ranking - Trailing

Period MXDQX Return Category Return Low Category Return High Rank in Category (%)
YTD -3.0% -4.6% 7.2% 57.96%
1 Yr -0.9% -4.9% 28.2% 37.61%
3 Yr -3.6%* -8.6% 9.5% 30.22%
5 Yr -0.4%* -5.9% 3.6% 26.76%
10 Yr N/A* -2.2% 3.4% 22.73%

* Annualized

Total Return Ranking - Calendar

Period MXDQX Return Category Return Low Category Return High Rank in Category (%)
2023 4.8% -0.5% 28.8% 25.66%
2022 -11.7% -18.5% -3.3% 46.22%
2021 -1.8% -4.5% 25.3% 57.73%
2020 6.4% -1.3% 13.0% 44.39%
2019 6.4% 1.8% 11.3% 24.64%

NAV & Total Return History

MXDQX - Holdings

Concentration Analysis

MXDQX Category Low Category High MXDQX % Rank
Net Assets 660 M 9.43 M 134 B 53.10%
Number of Holdings 319 18 12663 64.60%
Net Assets in Top 10 135 M 5.49 M 43.7 B 68.58%
Weighting of Top 10 20.57% 6.3% 115.2% 88.50%

Top 10 Holdings

  1. T 4 02/15/26 3.97%
  2. T 2.875 05/15/52 2.68%
  3. T 3.875 01/15/26 2.02%
  4. T 4.625 10/15/26 1.85%
  5. T 3.5 01/31/28 1.83%
  6. T 3.25 05/15/42 1.80%
  7. T 3 08/15/48 1.75%
  8. T 4.625 02/28/25 1.67%
  9. T 4.125 11/15/32 1.67%
  10. FHLBDN 0 01/02/08 1.34%

Asset Allocation

Weighting Return Low Return High MXDQX % Rank
Bonds 		81.47% 0.08% 167.02% 99.56%
Other 		18.17% -26.81% 18.17% 0.88%
Cash 		0.37% -29.69% 22.63% 81.86%
Stocks 		0.00% 0.00% 96.75% 19.91%
Preferred Stocks 		0.00% 0.00% 0.10% 17.70%
Convertible Bonds 		0.00% 0.00% 3.29% 19.47%

Bond Sector Breakdown

Weighting Return Low Return High MXDQX % Rank
Securitized 		44.50% 0.00% 99.79% 66.37%
Government 		33.00% 0.00% 100.00% 52.65%
Derivative 		0.28% -20.68% 1.69% 23.01%
Cash & Equivalents 		0.00% -29.63% 33.75% 91.59%
Corporate 		0.00% 0.00% 9.48% 43.81%
Municipal 		0.00% 0.00% 5.24% 31.86%

Bond Geographic Breakdown

Weighting Return Low Return High MXDQX % Rank
US 		81.47% 0.08% 167.02% 99.56%
Non US 		0.00% 0.00% 12.01% 19.91%

MXDQX - Expenses

Operational Fees

MXDQX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.26% 0.03% 3.55% 88.00%
Management Fee 0.23% 0.00% 0.85% 23.89%
12b-1 Fee 0.00% 0.00% 1.00% 2.83%
Administrative Fee N/A 0.01% 0.45% 0.78%

Sales Fees

MXDQX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.00% 4.50% N/A
Deferred Load N/A 1.00% 4.50% N/A

Trading Fees

MXDQX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 1.00% 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.

MXDQX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 85.00% 3.35% 948.00% 35.21%

MXDQX - Distributions

Dividend Yield Analysis

MXDQX Category Low Category High MXDQX % Rank
Dividend Yield 5.17% 0.00% 4.95% 38.05%

Dividend Distribution Analysis

MXDQX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annual Monthly Monthly

Net Income Ratio Analysis

MXDQX Category Low Category High MXDQX % Rank
Net Income Ratio 1.00% -0.80% 2.96% 29.33%

Capital Gain Distribution Analysis

MXDQX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Distributions History

View More +

MXDQX - Fund Manager Analysis

Managers

Jack Brown

Start Date

Tenure

Tenure Rank

Apr 29, 2016

6.09

6.1%

Jack Brown, CFA, is a Portfolio Manager with GWCM. Mr. Brown joined GWL&A in 2015 with 20 years of industry experience. Prior to joining GWL&A, Mr. Brown was employed at Oppenheimer Funds in the High Yield Bond Market. Mr. Brown received a B.S. in finance from the Metropolitan State College of Denver and an M.B.A. from the University of Colorado.

Darrin Clough

Start Date

Tenure

Tenure Rank

May 07, 2020

2.07

2.1%

Darrin Clough,CFA, has been a Vice President of OppenheimerFunds, Inc since January 2013 and Portfolio Manager of OppenheimerFunds since January 2019. He was a Senior Research Analyst on the Investment Grade Debt Team of the firm from January 2011 until January 2019. Previously, Mr. Clough serves as a research analyst and focuses on research of securitized products. Darrin joined the Money Market group in January 2007 and was primarily responsible for providing research and analysis on short-term corporate and insurance company debt instruments. Darrin has been with the firm since 1998. He has a Bachelor of Science from the University of Northern Colorado and an M.B.A. from the University of Colorado, Denver. He has earned the right to use the Chartered Financial Analyst designation. Darrin covers securitized products.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.11 31.64 8.38 7.35

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