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Name

As of 06/01/2026

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 Large Cap Growth Fund

MXGSX | Fund

$12.95

$2.27 B

0.07%

$0.01

0.61%

Vitals

YTD Return

6.1%

1 yr return

19.7%

3 Yr Avg Return

20.7%

5 Yr Avg Return

12.1%

Net Assets

$2.27 B

Holdings in Top 10

38.7%

52 WEEK LOW AND HIGH

$12.9
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.61%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 46.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$0

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 06/01/2026

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 Large Cap Growth Fund

MXGSX | Fund

$12.95

$2.27 B

0.07%

$0.01

0.61%

MXGSX - Profile

Distributions

  • YTD Total Return 6.1%
  • 3 Yr Annualized Total Return 20.7%
  • 5 Yr Annualized Total Return 12.1%
  • Capital Gain Distribution Frequency None
  • Net Income Ratio 0.01%
DIVIDENDS
  • Dividend Yield 0.1%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    Empower Large Cap Growth 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
    Giri Devulapally

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 with market capitalizations of $4 billion or more at the time of purchase. If the market capitalization of a company held by the Fund moves below this threshold, the Fund may, but is not required to, sell the securities. The Fund emphasizes a “growth style” of investing, seeking companies whose potential to provide superior earnings growth appears to be greater than the market in general and whose revenue growth is expected to continue for an extended period of time.The Fund may invest in foreign securities, including investments in emerging markets. The Fund may focus its investments in certain sectors, such as the technology sector. The Fund may also invest in derivatives, including but not limited to futures 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: J.P. Morgan Investment Management Inc. (“JPMorgan”) and Victory Capital Management Inc. (“Victory Capital”) (each, a “Sub-Adviser,” and collectively, the “Sub-Advisers”). •JPMorgan invests primarily in equity securities of large, well-established companies with a market capitalization equal to those within the universe of the Russell 1000® Growth Index at the time of purchase. JPMorgan employs a fundamental bottom-up approach that seeks to identify companies with positive price momentum and attractive fundamental dynamics. •Victory Capital invests primarily in equity securities of large companies that are similar in size to issuers included in the Russell 1000® Growth Index. To select growth stocks, Victory Capital employs quantitative analysis, fundamental research, and an evaluation of the issuer based on its financial statements and operations, utilizing a bottom-up analytic approach.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 JPMorgan and a 50% allocation of the Fund’s assets to Victory Capital. Actual allocations may vary from the target allocations and ECM may change the asset allocations at any time without shareholder notice or approval.
Read More

MXGSX - Performance

Return Ranking - Trailing

Period MXGSX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.1% -10.0% 61.7% 73.24%
1 Yr 19.7% -13.2% 127.7% 69.80%
3 Yr 20.7%* 2.8% 66.8% 68.47%
5 Yr 12.1%* -8.2% 36.6% 45.21%
10 Yr 15.9%* 6.8% 24.6% 48.39%

* Annualized

Return Ranking - Calendar

Period MXGSX Return Category Return Low Category Return High Rank in Category (%)
2025 3.0% -74.1% 41.2% 59.16%
2024 16.2% -59.2% 52.3% 61.70%
2023 30.3% -15.0% 72.4% 55.06%
2022 -38.1% -85.9% 27.3% 69.99%
2021 13.7% -52.4% 38.7% 32.49%

Total Return Ranking - Trailing

Period MXGSX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.1% -10.0% 61.7% 73.24%
1 Yr 19.7% -13.2% 127.7% 69.80%
3 Yr 20.7%* 2.8% 66.8% 68.47%
5 Yr 12.1%* -8.2% 36.6% 45.21%
10 Yr 15.9%* 6.8% 24.6% 48.39%

* Annualized

Total Return Ranking - Calendar

Period MXGSX Return Category Return Low Category Return High Rank in Category (%)
2025 14.4% -4.9% 49.3% 61.70%
2024 25.9% -31.9% 52.3% 63.27%
2023 33.9% -4.6% 72.4% 64.21%
2022 -32.9% -61.7% 35.0% 68.30%
2021 37.1% -39.8% 40.0% 1.11%

NAV & Total Return History

MXGSX - Holdings

Concentration Analysis

MXGSX Category Low Category High MXGSX % Rank
Net Assets 2.27 B 1.46 M 440 B 45.60%
Number of Holdings 101 2 2946 24.39%
Net Assets in Top 10 794 M 1.51 M 203 B 57.00%
Weighting of Top 10 38.66% 10.7% 205.0% 91.16%

Top 10 Holdings

  1. Apple Inc. COM 6.58%
  2. NVIDIA Corp. COM USD0.001 6.09%
  3. Alphabet Inc. CAP STK CL C 4.96%
  4. Amazon.com, Inc. COM 4.72%
  5. Microsoft Corp. COM 4.23%
  6. Eli Lilly Co. COM 3.26%
  7. Amphenol Corporation CL'A'COM USD0.001 2.52%
  8. MasterCard Incorporated CL A 2.21%
  9. ASML Holding N.V. NY REGISTRY SHS 2.10%
  10. Advanced Micro Devices Inc. COM 1.99%

Asset Allocation

Weighting Return Low Return High MXGSX % Rank
Stocks 		96.34% 0.00% 116.50% 82.86%
Cash 		3.66% 0.00% 173.52% 10.97%
Preferred Stocks 		0.00% 0.00% 24.75% 40.25%
Other 		0.00% -24.61% 25.67% 42.21%
Convertible Bonds 		0.00% 0.00% 1.94% 30.32%
Bonds 		0.00% 0.00% 99.61% 33.01%

Stock Sector Breakdown

Weighting Return Low Return High MXGSX % Rank
Technology 		33.46% 0.00% 65.70% 60.55%
Consumer Cyclical 		18.65% 0.00% 62.57% 25.32%
Financial Services 		13.02% 0.00% 43.06% 21.00%
Healthcare 		12.03% 0.00% 39.76% 57.41%
Communication Services 		11.34% 0.00% 66.40% 43.67%
Industrials 		7.20% 0.00% 30.65% 38.76%
Consumer Defense 		2.01% 0.00% 25.50% 72.91%
Basic Materials 		1.27% 0.00% 18.91% 47.30%
Energy 		1.01% 0.00% 41.09% 38.37%
Utilities 		0.00% 0.00% 16.07% 50.74%
Real Estate 		0.00% 0.00% 8.88% 76.94%

Stock Geographic Breakdown

Weighting Return Low Return High MXGSX % Rank
US 		96.11% 0.00% 116.50% 75.12%
Non US 		0.23% 0.00% 39.07% 26.15%

MXGSX - Expenses

Operational Fees

MXGSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.61% 0.01% 13.08% 80.92%
Management Fee 0.60% 0.00% 1.50% 45.71%
12b-1 Fee 0.00% 0.00% 1.00% 5.80%
Administrative Fee N/A 0.01% 1.02% 0.16%

Sales Fees

MXGSX 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

MXGSX 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.

MXGSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 46.00% 0.00% 316.74% 62.33%

MXGSX - Distributions

Dividend Yield Analysis

MXGSX Category Low Category High MXGSX % Rank
Dividend Yield 0.07% 0.00% 27.58% 38.88%

Dividend Distribution Analysis

MXGSX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annual Annual Annual

Net Income Ratio Analysis

MXGSX Category Low Category High MXGSX % Rank
Net Income Ratio 0.01% -6.13% 3.48% 24.35%

Capital Gain Distribution Analysis

MXGSX Category Low Category High Capital Mode
Capital Gain Distribution Frequency None Annually Semi-Annually Annually

Distributions History

View More +

MXGSX - Fund Manager Analysis

Managers

Giri Devulapally

Start Date

Tenure

Tenure Rank

Sep 01, 2013

8.75

8.8%

Giri Devulapally, managing director, is a portfolio manager in the U.S. Equity Group. An employee since 2003, Giri is responsible for managing the Large Cap Growth strategy. Prior to joining the firm, he worked for T. Rowe Price for six years, where he was an analyst specializing in technology and telecommunications. Giri received a B.S. in electrical engineering from the University of Illinois and an M.B.A. with a concentration in finance from the University of Chicago. He is a CFA charterholder.

Andrew Acheson

Start Date

Tenure

Tenure Rank

Sep 01, 2013

8.75

8.8%

Andrew Acheson, Managing Director and Director of Growth, U.S. of Amundi Pioneer. Mr Acheson joined Pioneer as a portfolio manager in May 2001 and has been an investment professional since 1994. Mr. Acheson earned his Master’s in Business Administration at the Cranfield School of Management, England in 1994.

Joseph Wilson

Start Date

Tenure

Tenure Rank

Dec 04, 2020

1.49

1.5%

Joseph Wilson, executive director, is a research analyst and portfolio manager within the U.S. Equity group. An employee since 2014, Joe is responsible for the technology sector for JPMorgan’s large cap growth portfolios.He is also a co-portfolio manager on the J.P. Morgan U.S. Technology Strategy. Prior to joining the firm, Joe spent six years as a buy side analyst for UBS Global Asset Management, wherehe covered the technology sector for the Large Cap Growth team from 2010 to 2014, and the Mid Cap Growth team in 2009. Prior to that, Joe worked at RBC Capital Markets as a sell side research associate covering enterprise, infrastructure, and security software. Joe holds a B.A. in Finance from the University of St. Thomas and an M.B.A. from the University of St. Thomas Opus College of Business.

Holly Fleiss

Start Date

Tenure

Tenure Rank

Dec 04, 2020

1.49

1.5%

Ms. Fleiss is a Managing Director at JPMIM and a co-portfolio manager in the JPMorgan U.S. Equity Group. She has been with the firm since 2012.

Larry Lee

Start Date

Tenure

Tenure Rank

Dec 04, 2020

1.49

1.5%

Larry H. Lee, managing director, is a research analyst and portfolio manager within the U.S. Equity Group. Mr. Lee joined JPMorgan in 2006 and covers the financials and business services sector; he is also a co-portfolio manager of the JPMorgan Large Cap Growth Strategy. He holds a B.A. in Economics from Stanford University and an M.B.A. from University of Chicago.

Yves Raymond

Start Date

Tenure

Tenure Rank

Jun 04, 2021

0.99

1.0%

Mr. Raymond, Vice President of Amundi US, joined Amundi US in 1999 as an analyst. Prior to joining Amundi US, Mr. Raymond was a consultant at Tecsult Ltd.

David Chamberlain

Start Date

Tenure

Tenure Rank

Jun 04, 2021

0.99

1.0%

Mr. Chamberlain, Vice President of Amundi US, joined Amundi US in 2018 as an analyst. Prior to joining Amundi US, Mr. Chamberlain was a senior analyst at Sapience Investments, LLC since 2016. Prior thereto, Mr. Chamberlain was an equity analyst at Wells Fargo Asset Management since 2013.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 54.45 8.24 2.92

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