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Empower International Growth Fund
mutual fund
MXHTX
Payout Change
Pending
Price as of:
$10.0
+0.07
+0.7%
primary theme
International Large-Cap Growth Equity
share class
MXHTX (Mutual Fund)
Empower International Growth Fund
Payout Change
Pending
Price as of:
$10.0
+0.07
+0.7%
primary theme
International Large-Cap Growth Equity
share class
MXHTX (Mutual Fund)
Empower International Growth Fund
Payout Change
Pending
Price as of:
$10.0
+0.07
+0.7%
primary theme
International Large-Cap Growth Equity
share class
Name
As of 12/11/2024Price
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
9.6%
1 yr return
12.8%
3 Yr Avg Return
-2.3%
5 Yr Avg Return
5.0%
Net Assets
$519 M
Holdings in Top 10
21.7%
52 WEEK LOW AND HIGH
$9.9
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.88%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 34.00%
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
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
MXHTX - Profile
Distributions
- YTD Total Return 9.6%
- 3 Yr Annualized Total Return -2.3%
- 5 Yr Annualized Total Return 5.0%
- Capital Gain Distribution Frequency None
- Net Income Ratio 0.09%
- Dividend Yield 1.2%
- Dividend Distribution Frequency SemiAnnual
Fund Details
-
Legal NameEmpower International Growth Fund
-
Fund Family NameGreat-West Funds
-
Inception DateMay 01, 2015
-
Shares OutstandingN/A
-
Share ClassInstl
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerDonald Huber
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 common stocks and related securities of foreign companies, including those in emerging markets. The Fund may have significant investments in a particular country, a small number of countries, or a particular geographic region. The Fund may also focus its investments in certain sectors, such as the consumer staples sector. The companies in which the Fund invests may be of any size, including small and medium size companies.The issuer of a security or other investment is generally deemed to be economically tied to a particular country other than the U.S. if: (1) the security or other investment is issued or guaranteed by the government of that country or any of its agencies, authorities or instrumentalities; (2) the issuer is organized under the laws of that country; (3) the issuer maintains a principal office in that country; (4) the issuer has its principal securities trading market in that country; (5) the issuer derives 50% or more of its total revenues from goods sold or services performed in that country; (6) the issuer has 50% or more of its assets in that country; or (7) the issuer is included in an index which is representative of that country.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 also invest in depositary receipts and derivatives, including but not limited to currency forwards and futures.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: Franklin Templeton Institutional, LLC (“Franklin Templeton”) and J.P. Morgan Investment Management Inc. (“JPMorgan”) (each, a “Sub-Adviser,” and collectively, the “Sub-Advisers”).•Franklin Templeton employs a disciplined, bottom-up investment approach to identify attractive investment opportunities that are expected to have higher revenue and earnings growth than their peers. Alongside traditional financial and economic analyses, Franklin Templeton assesses the potential impacts of material environmental, social and governance (“ESG”) factors on an issuer, which Franklin Templeton believes provides a measure of the issuer’s sustainability. ESG considerations are only one component in the evaluation of eligible investments and may not be a determinative factor in the final investment decision.•JPMorgan uses a bottom-up investment approach to buying and selling investments and generally focuses on investing in the stocks of companies that it believes have above average growth potential and that are also trading at reasonable valuations.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 40% allocation of the Fund’s assets to Franklin Templeton and a 60% allocation of the Fund’s assets to JPMorgan. Actual allocations may vary from the target allocations and ECM may change the asset allocations at any time without shareholder notice or approval.
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MXHTX - Performance
Return Ranking - Trailing
| Period | MXHTX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 9.6% | -2.3% | 37.7% | 46.05% |
| 1 Yr | 12.8% | 2.2% | 39.7% | 38.68% |
| 3 Yr | -2.3%* | -9.1% | 8.6% | 66.84% |
| 5 Yr | 5.0%* | -1.7% | 13.0% | 53.58% |
| 10 Yr | N/A* | 2.3% | 10.0% | 59.55% |
* Annualized
Return Ranking - Calendar
| Period | MXHTX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 16.1% | -0.4% | 28.6% | 29.21% |
| 2022 | -31.4% | -49.5% | -15.2% | 74.27% |
| 2021 | -3.4% | -22.2% | 19.3% | 67.67% |
| 2020 | 27.2% | -3.7% | 85.0% | 25.79% |
| 2019 | 33.4% | -4.0% | 45.1% | 10.16% |
Total Return Ranking - Trailing
| Period | MXHTX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 9.6% | -2.3% | 37.7% | 46.05% |
| 1 Yr | 12.8% | 2.2% | 39.7% | 38.68% |
| 3 Yr | -2.3%* | -9.1% | 8.6% | 66.84% |
| 5 Yr | 5.0%* | -1.7% | 13.0% | 53.58% |
| 10 Yr | N/A* | 2.3% | 10.0% | 55.66% |
* Annualized
Total Return Ranking - Calendar
| Period | MXHTX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 16.9% | 1.8% | 28.6% | 38.16% |
| 2022 | -28.9% | -44.4% | -11.0% | 77.45% |
| 2021 | 6.4% | -20.6% | 20.5% | 63.29% |
| 2020 | 28.9% | 7.6% | 97.1% | 26.36% |
| 2019 | 34.6% | 0.5% | 45.3% | 10.16% |
NAV & Total Return History
MXHTX - Holdings
Concentration Analysis
| MXHTX | Category Low | Category High | MXHTX % Rank | |
|---|---|---|---|---|
| Net Assets | 519 M | 201 K | 133 B | 67.89% |
| Number of Holdings | 94 | 4 | 1806 | 28.68% |
| Net Assets in Top 10 | 117 M | 70.5 K | 36.7 B | 74.21% |
| Weighting of Top 10 | 21.67% | 10.1% | 99.9% | 93.95% |
Top 10 Holdings
- ASML Holding N.V. EUR0.09 4.09%
- Novo Nordisk A/S SER'B'DKK0.1 2.73%
- SAP SE ORD NPV 2.05%
- Safran SA EUR0.20 1.98%
- Nestle SA CHF0.10 (REGD) 1.96%
- Daiichi Sankyo Co Ltd. NPV 1.85%
- Recruit Holdings Co Ltd. NPV 1.80%
- Air Liquide S.A.(L') EUR5.50 1.76%
- Amadeus IT Group SA EUR0.01 1.74%
- DISCO Corp. NPV 1.71%
Asset Allocation
| Weighting | Return Low | Return High | MXHTX % Rank | |
|---|---|---|---|---|
| Stocks | 96.58% | 86.17% | 119.36% | 73.95% |
| Cash | 3.42% | 0.00% | 19.02% | 26.32% |
| Preferred Stocks | 0.00% | 0.00% | 10.21% | 31.58% |
| Other | 0.00% | -1.08% | 3.89% | 21.58% |
| Convertible Bonds | 0.00% | 0.00% | 2.45% | 1.32% |
| Bonds | 0.00% | 0.00% | 0.03% | 1.05% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | MXHTX % Rank | |
|---|---|---|---|---|
| Technology | 22.99% | 1.51% | 38.21% | 15.04% |
| Healthcare | 18.86% | 1.36% | 29.58% | 13.19% |
| Industrials | 13.38% | 0.68% | 31.28% | 64.38% |
| Consumer Cyclical | 11.06% | 0.00% | 46.28% | 57.26% |
| Communication Services | 9.66% | 0.00% | 41.13% | 11.87% |
| Financial Services | 9.22% | 0.00% | 38.62% | 80.74% |
| Consumer Defense | 8.36% | 0.00% | 25.77% | 50.13% |
| Basic Materials | 5.74% | 0.00% | 23.15% | 70.98% |
| Utilities | 0.73% | 0.00% | 9.05% | 42.74% |
| Real Estate | 0.00% | 0.00% | 6.64% | 47.23% |
| Energy | 0.00% | 0.00% | 24.97% | 69.13% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | MXHTX % Rank | |
|---|---|---|---|---|
| Non US | 86.88% | 0.00% | 100.55% | 38.95% |
| US | 9.71% | 0.00% | 100.02% | 63.42% |
MXHTX - Expenses
Operational Fees
| MXHTX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.88% | 0.01% | 10.12% | 66.40% |
| Management Fee | 0.82% | 0.00% | 1.50% | 76.84% |
| 12b-1 Fee | 0.00% | 0.00% | 1.00% | 0.58% |
| Administrative Fee | N/A | 0.03% | 0.80% | 0.60% |
Sales Fees
| MXHTX 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% | 5.00% | N/A |
Trading Fees
| MXHTX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 0.25% | 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.
| MXHTX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 34.00% | 7.00% | 149.00% | 63.17% |
MXHTX - Distributions
Dividend Yield Analysis
| MXHTX | Category Low | Category High | MXHTX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 1.20% | 0.00% | 12.70% | 50.40% |
Dividend Distribution Analysis
| MXHTX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | SemiAnnual | Annual | Annual | Annual |
Net Income Ratio Analysis
| MXHTX | Category Low | Category High | MXHTX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 0.09% | -1.69% | 3.16% | 60.37% |
Capital Gain Distribution Analysis
| MXHTX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | None | Annually | Quarterly | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Sep 06, 2024 | $0.060 | OrdinaryDividend |
| Dec 27, 2023 | $0.070 | OrdinaryDividend |
| Dec 29, 2022 | $0.141 | CapitalGainLongTerm |
| Sep 06, 2022 | $0.141 | CapitalGainLongTerm |
| Dec 29, 2021 | $0.056 | OrdinaryDividend |
| Dec 29, 2021 | $0.896 | CapitalGainLongTerm |
| Sep 03, 2021 | $0.013 | OrdinaryDividend |
| Sep 03, 2021 | $0.218 | CapitalGainLongTerm |
| Dec 29, 2020 | $0.018 | OrdinaryDividend |
| Dec 29, 2020 | $0.142 | CapitalGainLongTerm |
| Dec 27, 2019 | $0.069 | OrdinaryDividend |
| Sep 06, 2019 | $0.000 | OrdinaryDividend |
| Sep 06, 2019 | $0.010 | CapitalGainLongTerm |
| Dec 27, 2018 | $1.204 | CapitalGainLongTerm |
| Dec 27, 2018 | $0.059 | OrdinaryDividend |
| Sep 07, 2018 | $0.038 | CapitalGainLongTerm |
| Dec 27, 2017 | $0.175 | OrdinaryDividend |
| Dec 27, 2017 | $0.361 | CapitalGainLongTerm |
MXHTX - Fund Manager Analysis
Managers
Donald Huber
Start Date
Tenure
Tenure Rank
Apr 27, 2018
4.1
4.1%
Donald G. Huber, CFA, is a senior vice president and portfolio manager responsible for managing institutional and retail global large cap equity portfolios. Prior to joining Franklin Templeton in 2002, Mr. Huber was with J.P. Morgan Chase and predecessor organizations, where he focused on portfolio management, strategic planning and relationship management in private and corporate banking. He entered the financial services industry in 1982. Mr. Huber holds a B.B.A. from the University of Michigan. He is a member of the New York Society of Security Analysts and a CFA charterholder.
Shane Duffy
Start Date
Tenure
Tenure Rank
Apr 27, 2018
4.1
4.1%
Mr. Duffy is a managing director and portfolio manager in the International Equity Group. Mr. Duffy currently works on EAFE portfolios, in particular International Growth and International Unconstrained. Previously, Mr. Duffy worked as a Global Sector Specialist with responsibility for consumer discretionary stocks. Mr. Duffy joined the team in 1999, holds a MA in History from Cambridge University, and is a CFA charterholder.
John Remmert
Start Date
Tenure
Tenure Rank
Apr 27, 2018
4.1
4.1%
John P. Remmert is a senior vice president and lead portfolio manager for the Franklin Equity Group. He is responsible for the management of global and non- U.S. institutional equity portfolios. Prior to joining Franklin Templeton in 2002, Mr. Remmert was with Citibank Global Asset Management and the U.S. Federal Reserve. He entered the financial services industry in 1987. Mr. Remmert holds an M.B.A. from the University of Chicago, a J.D. from Georgetown University, and a B.A. from Rutgers University.
Thomas Murray
Start Date
Tenure
Tenure Rank
Apr 27, 2018
4.1
4.1%
Thomas Murray, Managing Director and CFA charterholder, has worked at JP Morgan Investment Mgmt Inc. or its affiliates (or one of their predecessors) since 1996.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 26.94 | 7.78 | 20.01 |
