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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 Large Cap Value Fund

MXHAX | Fund

$12.07

$1.59 B

0.64%

$0.08

0.97%

Vitals

YTD Return

6.0%

1 yr return

15.6%

3 Yr Avg Return

7.8%

5 Yr Avg Return

N/A

Net Assets

$1.59 B

Holdings in Top 10

18.9%

52 WEEK LOW AND HIGH

$12.1
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.97%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 28.00%

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 Large Cap Value Fund

MXHAX | Fund

$12.07

$1.59 B

0.64%

$0.08

0.97%

MXHAX - Profile

Distributions

  • YTD Total Return 6.0%
  • 3 Yr Annualized Total Return 7.8%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 1.39%
DIVIDENDS
  • Dividend Yield 0.6%
  • Dividend Distribution Frequency SemiAnnual

Fund Details

  • Legal Name
    Empower Large Cap Value Fund
  • Fund Family Name
    Great-West Funds
  • Inception Date
    Oct 25, 2019
  • Shares Outstanding
    N/A
  • Share Class
    Investor
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Darren Jaroch

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 whose market capitalization falls within the range of the Russell 1000® Value Index at the time of initial purchase. As of December 31, 2022, the market capitalizations of the companies in the Russell 1000® Value Index ranged from $653 million to $1.1 trillion. 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 invests primarily in common stocks of large U.S. companies but may also invest in common stocks of midsize U.S. companies and companies from outside the U.S. The Fund may invest in derivatives, including but not limited to forward foreign currency 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: Putnam Investment Management, LLC (“Putnam”) and T. Rowe Price Associates, Inc. (“T. Rowe Price”) (each, a “Sub-Adviser,” and collectively, the “Sub-Advisers”).Putnam invests mainly in common stocks of large and midsize U.S. companies, with a focus on value stocks that offer the potential for capital growth, current income, or both. Putnam integrates environmental, social, and governance (“ESG”) considerations into its fundamental research process and investment decision-making when the portfolio managers consider them material and relevant. However, ESG considerations do not represent a primary focus of Putnam's investment process.T. Rowe Price invests in large companies that have a strong track record of paying dividends or that are believed to be undervalued. T. Rowe Price integrates pecuniary ESG factors into its investment research process, focusing on the ESG factors it considers most likely to have a material impact on the performance of the holdings in the Fund’s portfolio. Consideration of ESG factors and risks is only one component of T. Rowe Price’s assessment of eligible investments and may not be a determinative factor in its final decision on whether to invest in an issuer.ECM maintains a strategic asset 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 asset allocation is a 50% allocation of the Fund’s assets to Putnam and a 50% allocation of the Fund’s assets to T. Rowe Price. Notwithstanding these target allocations, ECM may change the asset allocations at any time and without shareholder notice or approval.
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MXHAX - Performance

Return Ranking - Trailing

Period MXHAX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.0% -24.4% 10.9% 12.98%
1 Yr 15.6% -18.7% 29.9% 30.14%
3 Yr 7.8%* -4.6% 29.3% 16.88%
5 Yr N/A* -1.8% 42.6% 32.07%
10 Yr N/A* 1.0% 24.3% 54.06%

* Annualized

Return Ranking - Calendar

Period MXHAX Return Category Return Low Category Return High Rank in Category (%)
2023 5.8% -24.9% 46.1% 50.39%
2022 -11.3% -65.1% 4.6% 42.38%
2021 18.1% -44.2% 57.5% 42.21%
2020 -1.0% -23.2% 285.0% 55.22%
2019 N/A -21.4% 48.5% N/A

Total Return Ranking - Trailing

Period MXHAX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.0% -24.4% 10.9% 12.98%
1 Yr 15.6% -18.7% 29.9% 30.14%
3 Yr 7.8%* -4.6% 29.3% 16.88%
5 Yr N/A* -1.8% 42.6% 30.19%
10 Yr N/A* 1.0% 24.3% 50.19%

* Annualized

Total Return Ranking - Calendar

Period MXHAX Return Category Return Low Category Return High Rank in Category (%)
2023 12.1% -15.9% 46.7% 42.11%
2022 -3.4% -42.0% 8.5% 29.43%
2021 26.2% 3.6% 129.7% 48.50%
2020 3.9% -22.6% 304.8% 41.88%
2019 N/A -12.7% 52.1% N/A

NAV & Total Return History

MXHAX - Holdings

Concentration Analysis

MXHAX Category Low Category High MXHAX % Rank
Net Assets 1.59 B 1.09 M 163 B 38.32%
Number of Holdings 176 2 1689 13.87%
Net Assets in Top 10 301 M 420 K 33.9 B 45.39%
Weighting of Top 10 18.90% 4.8% 99.9% 91.80%

Top 10 Holdings

  1. Microsoft Corporation COM 2.62%
  2. QUALCOMM Inc. COM 2.51%
  3. Exxon Mobil Corporation COM NPV 2.33%
  4. American International Group Inc. COM NEW 1.92%
  5. Walmart Inc COM 1.83%
  6. The Charles Schwab Corporation COM 1.74%
  7. Bank of America Corp. COM 1.60%
  8. Pulte Group Inc COM 1.56%
  9. Citigroup Inc. COM USD0.01 1.40%
  10. Wells Fargo Co. COM 1.39%

Asset Allocation

Weighting Return Low Return High MXHAX % Rank
Stocks 		97.40% 1.86% 108.42% 69.94%
Other 		3.63% -3.53% 39.72% 3.01%
Preferred Stocks 		0.59% 0.00% 13.88% 8.35%
Convertible Bonds 		0.15% 0.00% 3.66% 4.32%
Bonds 		0.07% -0.71% 73.23% 8.35%
Cash 		0.00% -0.79% 38.18% 98.36%

Stock Sector Breakdown

Weighting Return Low Return High MXHAX % Rank
Financial Services 		20.88% 0.00% 58.05% 32.00%
Healthcare 		17.18% 0.00% 30.08% 55.07%
Industrials 		12.26% 0.00% 42.76% 39.64%
Technology 		10.05% 0.00% 54.02% 53.86%
Consumer Defense 		8.42% 0.00% 34.10% 51.69%
Utilities 		7.04% 0.00% 27.04% 17.95%
Consumer Cyclical 		5.87% 0.00% 22.74% 48.31%
Basic Materials 		5.29% 0.00% 21.69% 16.13%
Energy 		4.86% 0.00% 54.00% 80.40%
Communication Services 		4.10% 0.00% 26.58% 74.67%
Real Estate 		4.05% 0.00% 90.54% 35.21%

Stock Geographic Breakdown

Weighting Return Low Return High MXHAX % Rank
US 		92.49% 1.86% 108.42% 80.10%
Non US 		4.91% 0.00% 27.89% 13.95%

Bond Sector Breakdown

Weighting Return Low Return High MXHAX % Rank
Corporate 		100.00% 0.00% 100.00% 0.91%
Derivative 		3.14% -3.53% 6.97% 0.95%
Cash & Equivalents 		0.00% 0.00% 100.00% 92.24%
Securitized 		0.00% 0.00% 40.38% 53.22%
Municipal 		0.00% 0.00% 0.02% 53.31%
Government 		0.00% 0.00% 100.00% 54.31%

Bond Geographic Breakdown

Weighting Return Low Return High MXHAX % Rank
US 		0.07% -0.71% 65.41% 8.35%
Non US 		0.00% 0.00% 7.82% 53.49%

MXHAX - Expenses

Operational Fees

MXHAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.97% 0.03% 14.82% 46.50%
Management Fee 0.59% 0.00% 1.50% 49.18%
12b-1 Fee 0.00% 0.00% 1.00% 10.41%
Administrative Fee N/A 0.00% 0.50% N/A

Sales Fees

MXHAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 5.75% N/A
Deferred Load N/A 0.95% 5.00% N/A

Trading Fees

MXHAX 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.

MXHAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 28.00% 0.00% 488.00% 39.10%

MXHAX - Distributions

Dividend Yield Analysis

MXHAX Category Low Category High MXHAX % Rank
Dividend Yield 0.64% 0.00% 38.45% 93.04%

Dividend Distribution Analysis

MXHAX Category Low Category High Category Mod
Dividend Distribution Frequency SemiAnnual Annually Monthly Quarterly

Net Income Ratio Analysis

MXHAX Category Low Category High MXHAX % Rank
Net Income Ratio 1.39% -1.51% 4.28% 46.70%

Capital Gain Distribution Analysis

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

Distributions History

View More +

MXHAX - Fund Manager Analysis

Managers

Darren Jaroch

Start Date

Tenure

Tenure Rank

Sep 24, 2012

9.69

9.7%

Mr. Jaroch is a Portfolio Manager of U.S., international, and global value strategies. He joined Putnam in 1999 and has been in the investment industry since 1996. Previously at Putnam, Mr. Jaroch managed global core equity strategies and worked on quantitative models as a member of the U.S. Value team. Prior to joining Putnam, he was a Senior Auditor, Client Service, at State Street Bank & Trust from 1996 to 1998 and a Research Associate at Abt Associates from 1995 to 1996. Mr. Jaroch earned a B.A. from Hartwick College.

John Linehan

Start Date

Tenure

Tenure Rank

Nov 01, 2015

6.58

6.6%

John Linehan is the portfolio manager for the Equity Income Strategy and co-portfolio manager of the US Large-Cap Value Strategy for T. Rowe Price. In addition, he is the chief investment officer of Equity and a member of the firm's US Equity Steering, Equity Brokerage and Trading Control, and Counterparty Risk Committees. Mr. Linehan is Chairman of the Investment Advisory Committee at T. Rowe. He is a large-cap value portfolio manager in the U.S. Equity Division and also co-chair of the Investment Advisory Committee for the Institutional Large-Cap Value Strategy. From February 2010 to June 2014, Mr. Linehan was head of U.S. Equity and chairman of the U.S. Equity Steering Committee. He is a member of the firm's U.S. Equity Steering, Equity Brokerage and Trading Control, and Counterparty Risk Committees. He earned a B.A. from Amherst College and an M.B.A. from Stanford University, where he was the Henry Ford II Scholar, an Arjay Miller Scholar, and the winner of the Alexander A. Robichek Award in finance. Mr. Linehan is a CFA® charterholder.

Lauren DeMore

Start Date

Tenure

Tenure Rank

Sep 10, 2019

2.72

2.7%

Ms. DeMore is an Assistant Portfolio Manager of Putnam's U.S. large-cap value and international value strategies. She joined Putnam in 2006 and has been in the investment industry since 2002. Previously at Putnam, Ms. DeMore was an Analyst covering the non-U.S. financials, telecommunications, and utilities sectors. Prior to joining Putnam, Ms. DeMore was an Analyst at EnCapital from 2002 to 2006.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.05 86.59 8.02 16.42

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