Empower High Yield Bond Fund
Name
As of 12/11/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
9.6%
1 yr return
12.9%
3 Yr Avg Return
2.8%
5 Yr Avg Return
4.7%
Net Assets
$641 M
Holdings in Top 10
13.7%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.66%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 58.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/11/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
MXFRX - Profile
Distributions
- YTD Total Return 9.6%
- 3 Yr Annualized Total Return 2.8%
- 5 Yr Annualized Total Return 4.7%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 2.94%
- Dividend Yield 0.1%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameEmpower High Yield Bond Fund
-
Fund Family NameGreat-West Funds
-
Inception DateMay 01, 2015
-
Shares OutstandingN/A
-
Share ClassInstl
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerNorman Boucher
Fund Description
MXFRX - Performance
Return Ranking - Trailing
Period | MXFRX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 9.6% | -7.5% | 17.7% | 27.75% |
1 Yr | 12.9% | -4.7% | 18.4% | 17.57% |
3 Yr | 2.8%* | -14.4% | 21.6% | 56.50% |
5 Yr | 4.7%* | -11.4% | 37.2% | 20.11% |
10 Yr | N/A* | -4.7% | 20.4% | 15.58% |
* Annualized
Return Ranking - Calendar
Period | MXFRX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 6.2% | -4.7% | 14.3% | 18.36% |
2022 | -14.1% | -33.4% | 3.6% | 28.31% |
2021 | 1.8% | -8.4% | 8.2% | 12.71% |
2020 | 7.5% | -13.2% | 302.7% | 2.65% |
2019 | 9.4% | -4.4% | 13.3% | 14.94% |
Total Return Ranking - Trailing
Period | MXFRX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 9.6% | -7.5% | 17.7% | 27.75% |
1 Yr | 12.9% | -4.7% | 18.4% | 17.57% |
3 Yr | 2.8%* | -14.4% | 21.6% | 56.50% |
5 Yr | 4.7%* | -11.4% | 37.2% | 20.11% |
10 Yr | N/A* | -4.7% | 20.4% | 15.10% |
* Annualized
Total Return Ranking - Calendar
Period | MXFRX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 11.5% | -4.7% | 18.7% | 65.74% |
2022 | -11.7% | -33.4% | 47.8% | 72.19% |
2021 | 4.0% | -8.4% | 12.4% | 73.20% |
2020 | 11.3% | -9.6% | 325.6% | 2.48% |
2019 | 14.7% | -3.8% | 19.4% | 30.05% |
NAV & Total Return History
MXFRX - Holdings
Concentration Analysis
MXFRX | Category Low | Category High | MXFRX % Rank | |
---|---|---|---|---|
Net Assets | 641 M | 3.13 M | 25.3 B | 45.26% |
Number of Holdings | 516 | 2 | 4432 | 31.36% |
Net Assets in Top 10 | 86.8 M | -492 M | 6.67 B | 53.69% |
Weighting of Top 10 | 13.66% | 4.2% | 146.0% | 49.75% |
Top 10 Holdings
- DREYFUS INSTL PREFER GOVT-IS #6546 8.22%
- THC 6.125 06/15/30 0.66%
- CHK 6.75 04/15/29 144A 0.65%
- CHTR 4.75 03/01/30 144A 0.63%
- F 4 11/13/30 0.60%
- JEFCAP 9.5 02/15/29 144A 0.59%
- PRAA 8.875 01/31/30 144A 0.59%
- KEDRIM 6.5 09/01/29 144A 0.58%
- CCO 7.875 04/01/30 144A 0.57%
- WYNFIN 7.125 02/15/31 144A 0.56%
Asset Allocation
Weighting | Return Low | Return High | MXFRX % Rank | |
---|---|---|---|---|
Bonds | 91.04% | 0.00% | 145.36% | 82.52% |
Convertible Bonds | 15.84% | 0.00% | 17.89% | 0.66% |
Cash | 8.22% | -52.00% | 48.02% | 14.29% |
Preferred Stocks | 1.49% | 0.00% | 4.97% | 5.91% |
Other | 1.43% | -39.08% | 99.23% | 11.66% |
Stocks | 0.44% | 0.00% | 97.54% | 45.26% |
Stock Sector Breakdown
Weighting | Return Low | Return High | MXFRX % Rank | |
---|---|---|---|---|
Utilities | 53.60% | 0.00% | 100.00% | 3.56% |
Technology | 11.62% | 0.00% | 33.17% | 8.31% |
Industrials | 9.76% | 0.00% | 93.12% | 8.90% |
Energy | 9.09% | 0.00% | 100.00% | 58.46% |
Healthcare | 5.51% | 0.00% | 22.17% | 5.34% |
Consumer Cyclical | 5.32% | 0.00% | 100.00% | 24.33% |
Communication Services | 5.10% | 0.00% | 99.99% | 40.95% |
Real Estate | 0.00% | 0.00% | 86.71% | 47.77% |
Financial Services | 0.00% | 0.00% | 100.00% | 51.04% |
Consumer Defense | 0.00% | 0.00% | 100.00% | 45.70% |
Basic Materials | 0.00% | 0.00% | 100.00% | 51.63% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | MXFRX % Rank | |
---|---|---|---|---|
US | 0.39% | 0.00% | 97.54% | 45.65% |
Non US | 0.05% | -0.01% | 0.83% | 8.87% |
Bond Sector Breakdown
Weighting | Return Low | Return High | MXFRX % Rank | |
---|---|---|---|---|
Corporate | 100.00% | 0.00% | 100.00% | 0.16% |
Cash & Equivalents | 8.22% | 0.00% | 48.02% | 13.14% |
Derivative | 1.43% | -14.58% | 42.26% | 4.76% |
Securitized | 0.00% | 0.00% | 97.24% | 67.60% |
Municipal | 0.00% | 0.00% | 1.17% | 43.42% |
Government | 0.00% | 0.00% | 99.07% | 59.54% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | MXFRX % Rank | |
---|---|---|---|---|
US | 89.82% | 0.00% | 126.57% | 74.06% |
Non US | 1.22% | 0.00% | 96.91% | 32.18% |
MXFRX - Expenses
Operational Fees
MXFRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.66% | 0.02% | 38.33% | 79.84% |
Management Fee | 0.60% | 0.00% | 1.75% | 64.81% |
12b-1 Fee | 0.00% | 0.00% | 1.00% | 5.32% |
Administrative Fee | N/A | 0.00% | 0.50% | 0.86% |
Sales Fees
MXFRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 2.25% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
MXFRX 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.
MXFRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 58.00% | 1.00% | 255.00% | 39.86% |
MXFRX - Distributions
Dividend Yield Analysis
MXFRX | Category Low | Category High | MXFRX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.05% | 0.00% | 11.76% | 85.64% |
Dividend Distribution Analysis
MXFRX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annual | Quarterly | Monthly | Monthly |
Net Income Ratio Analysis
MXFRX | Category Low | Category High | MXFRX % Rank | |
---|---|---|---|---|
Net Income Ratio | 2.94% | -2.39% | 9.30% | 94.15% |
Capital Gain Distribution Analysis
MXFRX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Sep 06, 2024 | $0.006 | OrdinaryDividend |
Dec 27, 2023 | $0.210 | OrdinaryDividend |
Sep 06, 2023 | $0.021 | OrdinaryDividend |
Jun 27, 2023 | $0.230 | OrdinaryDividend |
Dec 28, 2022 | $0.138 | OrdinaryDividend |
Sep 06, 2022 | $0.019 | OrdinaryDividend |
Jun 23, 2022 | $0.100 | OrdinaryDividend |
Dec 29, 2021 | $0.050 | OrdinaryDividend |
Sep 03, 2021 | $0.025 | OrdinaryDividend |
Jun 23, 2021 | $0.147 | OrdinaryDividend |
Dec 29, 2020 | $0.161 | OrdinaryDividend |
Jun 24, 2020 | $0.175 | OrdinaryDividend |
Dec 27, 2019 | $0.198 | OrdinaryDividend |
Sep 06, 2019 | $0.020 | OrdinaryDividend |
Jun 24, 2019 | $0.238 | OrdinaryDividend |
Dec 27, 2018 | $0.335 | OrdinaryDividend |
Sep 07, 2018 | $0.022 | OrdinaryDividend |
Jun 22, 2018 | $0.255 | OrdinaryDividend |
Dec 27, 2017 | $0.283 | OrdinaryDividend |
MXFRX - Fund Manager Analysis
Managers
Norman Boucher
Start Date
Tenure
Tenure Rank
Aug 03, 2009
12.83
12.8%
Norman is responsible for managing the cyclical part of Putnam’s high-yield portfolios. He joined Putnam as an Analyst covering the automotive, aerospace, and technology sectors. He served as a Portfolio Manager on the U.S. High Yield group before moving to Putnam’s London office to manage European high-yield portfolios. He rejoined the U.S. High Yield team in 2005. Norman joined Putnam in 1998 and has been in the investment industry since 1985.
Robert Salvin
Start Date
Tenure
Tenure Rank
Aug 03, 2009
12.83
12.8%
Mr. Salvin is a Portfolio Manager of Putnam's global credit strategies. He is responsible for managing convertible securities, U.S. high-yield, global high-yield, and floating rate loan strategies. Mr. Salvin joined Putnam in 2000 and has been in the investment industry since 1986. Prior to joining Putnam, Mr. Salvin was a Managing Director at BancBoston Robertson Stephens from 1997 to 1999, a Director at SBC Warburg Inc. from 1996 to 1997, an Associate at Chase Securities from 1993 to 1996, and an Analyst at Broadview Associates from 1986 to 1991.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.13 | 37.79 | 7.31 | 8.17 |