Empower Ariel Mid Cap Value Fund
Fund
MXOAX
Price as of:
$9.98
- $0.04
- 0.40%
Primary Theme
fund company
Name
As of 04/17/2024Price
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
-3.4%
1 yr return
2.9%
3 Yr Avg Return
-1.2%
5 Yr Avg Return
5.6%
Net Assets
$116 M
Holdings in Top 10
32.8%
52 WEEK LOW AND HIGH
$10.0
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.76%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 42.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 04/17/2024Price
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
MXOAX - Profile
Distributions
- YTD Total Return -3.4%
- 3 Yr Annualized Total Return -1.2%
- 5 Yr Annualized Total Return 5.6%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.96%
- Dividend Yield 0.0%
- Dividend Distribution Frequency SemiAnnual
Fund Details
-
Legal NameEmpower Ariel Mid Cap Value Fund
-
Fund Family NameGreat-West Funds
-
Inception DateMay 01, 2015
-
Shares OutstandingN/A
-
Share ClassInstl
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerJohn Rogers
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 mid-capitalization (“mid cap”) companies. 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® Index at the time of initial purchase. As of December 31, 2022, the market capitalization range of the Russell Midcap® Index was between $310 million and $53 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 generally holds between 25-45 securities in its portfolio, focusing on a limited number of companies and industries in which the portfolio managers have expertise, including the financial services sector, in which the Fund will often invest a significant portion of its assets.The Fund also currently observes the following operating policies: actively seeking investment in companies that achieve excellence in both financial return and environmental soundness and selecting issuers that take positive steps toward preserving the environment; and not investing in corporations whose primary source of revenue is derived from the production or sale of tobacco products, the manufacture of firearms or the operation of for-profit prisons.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 Ariel Investments, LLC (the “Sub-Adviser” or “Ariel”). Ariel invests primarily in undervalued mid cap companies that show a strong potential for growth. Ariel seeks to invest in quality companies whose financial strength, valuable products or services and savvy management teams create durable competitive advantages. Ariel also analyzes the perceived potential of any adverse impact to a company’s enterprise value that may arise from environmental, social and governance (“ESG”) related risk factors. This ESG risk analysis is one factor, but not a primary factor, Ariel uses in evaluating companies.
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MXOAX - Performance
Return Ranking - Trailing
| Period | MXOAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -3.4% | -7.3% | 7.9% | 94.10% |
| 1 Yr | 2.9% | -8.6% | 31.0% | 95.17% |
| 3 Yr | -1.2%* | -5.1% | 13.8% | 95.38% |
| 5 Yr | 5.6%* | -0.9% | 15.7% | 88.20% |
| 10 Yr | N/A* | -0.1% | 11.8% | 32.83% |
* Annualized
Return Ranking - Calendar
| Period | MXOAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | -3.3% | -11.3% | 33.3% | 96.24% |
| 2022 | -33.0% | -41.6% | 2.3% | 98.64% |
| 2021 | 22.8% | -41.5% | 44.9% | 37.60% |
| 2020 | 5.5% | -29.0% | 22.1% | 14.96% |
| 2019 | 22.8% | -8.1% | 31.2% | 46.00% |
Total Return Ranking - Trailing
| Period | MXOAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -3.4% | -7.3% | 7.9% | 94.10% |
| 1 Yr | 2.9% | -8.6% | 31.0% | 95.17% |
| 3 Yr | -1.2%* | -5.1% | 13.8% | 95.38% |
| 5 Yr | 5.6%* | -0.9% | 15.7% | 88.20% |
| 10 Yr | N/A* | -0.1% | 11.8% | 30.42% |
* Annualized
Total Return Ranking - Calendar
| Period | MXOAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 8.7% | -3.7% | 36.5% | 84.95% |
| 2022 | -12.7% | -35.0% | 2.4% | 87.23% |
| 2021 | 26.5% | 6.2% | 48.3% | 66.76% |
| 2020 | 9.2% | -22.9% | 23.2% | 9.97% |
| 2019 | 24.8% | -3.0% | 35.7% | 69.71% |
NAV & Total Return History
MXOAX - Holdings
Concentration Analysis
| MXOAX | Category Low | Category High | MXOAX % Rank | |
|---|---|---|---|---|
| Net Assets | 116 M | 991 K | 28 B | 84.49% |
| Number of Holdings | 48 | 8 | 2449 | 86.36% |
| Net Assets in Top 10 | 38.8 M | 250 K | 4.28 B | 79.68% |
| Weighting of Top 10 | 32.76% | 5.0% | 104.2% | 17.11% |
Top 10 Holdings
- Northern Trust Corporation COM 4.12%
- Goldman Sachs Group, Inc. COM USD0.01 3.93%
- The Charles Schwab Corporation COM 3.47%
- Charles River Laboratories International, Inc. COM STK USD0.01 3.33%
- Laboratory Corp of America Holdings COM USD0.1 3.27%
- Mattel, Inc. COM 3.01%
- Stanley Black Decker, Inc. COM 3.01%
- Axalta Coating Systems Limited COM USD1.00 2.95%
- The Interpublic Group of Companies, Inc. COM 2.84%
- Generac Holdings Inc. COM 2.83%
Asset Allocation
| Weighting | Return Low | Return High | MXOAX % Rank | |
|---|---|---|---|---|
| Stocks | 97.09% | 56.38% | 102.65% | 77.81% |
| Other | 1.85% | -1.97% | 8.33% | 10.16% |
| Cash | 1.06% | 0.00% | 43.98% | 59.09% |
| Preferred Stocks | 0.00% | 0.00% | 5.43% | 26.20% |
| Convertible Bonds | 0.00% | 0.00% | 0.02% | 22.31% |
| Bonds | 0.00% | 0.00% | 27.69% | 25.67% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | MXOAX % Rank | |
|---|---|---|---|---|
| Financial Services | 31.95% | 0.00% | 60.11% | 1.88% |
| Industrials | 15.57% | 0.00% | 29.02% | 54.57% |
| Healthcare | 14.28% | 0.00% | 32.47% | 12.10% |
| Communication Services | 11.27% | 0.00% | 19.80% | 6.45% |
| Consumer Cyclical | 10.56% | 0.00% | 29.62% | 55.65% |
| Technology | 4.49% | 0.00% | 30.07% | 93.28% |
| Consumer Defense | 4.05% | 0.00% | 33.79% | 76.08% |
| Basic Materials | 2.83% | 0.00% | 23.88% | 81.99% |
| Energy | 2.68% | 0.00% | 29.17% | 91.13% |
| Real Estate | 2.33% | 0.00% | 40.74% | 85.75% |
| Utilities | 0.00% | 0.00% | 24.69% | 92.47% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | MXOAX % Rank | |
|---|---|---|---|---|
| US | 97.09% | 56.38% | 102.65% | 64.44% |
| Non US | 0.00% | 0.00% | 34.45% | 44.92% |
MXOAX - Expenses
Operational Fees
| MXOAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.76% | 0.01% | 16.92% | 78.07% |
| Management Fee | 0.67% | 0.00% | 1.20% | 43.05% |
| 12b-1 Fee | 0.00% | 0.00% | 1.00% | 7.07% |
| Administrative Fee | N/A | 0.01% | 0.40% | 0.50% |
Sales Fees
| MXOAX 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
| MXOAX 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.
| MXOAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 42.00% | 0.00% | 227.00% | 43.24% |
MXOAX - Distributions
Dividend Yield Analysis
| MXOAX | Category Low | Category High | MXOAX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 23.87% | 69.17% |
Dividend Distribution Analysis
| MXOAX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | SemiAnnual | Annual | Quarterly | Annual |
Net Income Ratio Analysis
| MXOAX | Category Low | Category High | MXOAX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 0.96% | -1.84% | 4.73% | 36.66% |
Capital Gain Distribution Analysis
| MXOAX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 28, 2023 | $0.062 | OrdinaryDividend |
| Jun 28, 2023 | $0.042 | OrdinaryDividend |
| Jun 24, 2022 | $0.066 | OrdinaryDividend |
| Jun 24, 2021 | $0.069 | OrdinaryDividend |
| Jun 25, 2020 | $0.000 | OrdinaryDividend |
| Sep 09, 2019 | $0.186 | OrdinaryDividend |
MXOAX - Fund Manager Analysis
Managers
John Rogers
Start Date
Tenure
Tenure Rank
Dec 31, 2002
19.43
19.4%
John’s passion for investing began at age 12 when his father began buying him stocks as Christmas and birthday gifts. His interest in equities grew at Princeton University, where he majored in economics, and over the two-plus years he worked as a stockbroker for William Blair & Company, LLC. In 1983, John founded Ariel to focus on patient, value investing within small- and medium-sized companies. While our research capabilities have expanded across the globe, patience is still the disciplined approach that drives the firm today. Early in his career, John’s investment acumen brought him to the
Timothy Fidler
Start Date
Tenure
Tenure Rank
Aug 31, 2011
10.76
10.8%
Timothy Fidler, CFA, Executive Vice President, is co-portfolio manager for Ariel’s mid cap value strategy. He joined Ariel in 1999. Mr. Fidler is the Ariel's director of research and also responsible for the Ariel ’s proprietary research in financial services companies. Mr. Fidler graduated Phi Beta Kappa from Northwestern University with a B.A. with honors distinction and earned his M.B.A. with high honors from the University of Chicago. Prior to joining Ariel in 1999, he was a Research Analyst and Portfolio Manager at Morgan Stanley working on the firm’s U.S. value management te
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 35.59 | 8.28 | 10.92 |