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Empower International Value Fund
mutual fund
MXJVX
Payout Change
Pending
Price as of:
$9.08
+0.04
+0.44%
primary theme
International Large-Cap Blend Equity
share class
MXJVX (Mutual Fund)
Empower International Value Fund
Payout Change
Pending
Price as of:
$9.08
+0.04
+0.44%
primary theme
International Large-Cap Blend Equity
share class
MXJVX (Mutual Fund)
Empower International Value Fund
Payout Change
Pending
Price as of:
$9.08
+0.04
+0.44%
primary theme
International Large-Cap Blend 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
12.3%
3 Yr Avg Return
4.1%
5 Yr Avg Return
6.4%
Net Assets
$1.28 B
Holdings in Top 10
17.9%
52 WEEK LOW AND HIGH
$9.0
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.71%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 17.00%
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
MXJVX - Profile
Distributions
- YTD Total Return 9.6%
- 3 Yr Annualized Total Return 4.1%
- 5 Yr Annualized Total Return 6.4%
- Capital Gain Distribution Frequency None
- Net Income Ratio 1.93%
- Dividend Yield 0.4%
- Dividend Distribution Frequency SemiAnnual
Fund Details
-
Legal NameEmpower International Value Fund
-
Fund Family NameGreat-West Funds
-
Inception DateMay 01, 2015
-
Shares OutstandingN/A
-
Share ClassInstl
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerBenjamin Stone
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. Under normal circumstances, the Fund will invest primarily in companies located outside the U.S., 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 invest in securities of companies 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 “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 may invest in derivatives, including but not limited to forward foreign currency exchange 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: LSV Asset Management (“LSV”) and Massachusetts Financial Services Company (“MFS”) (each, a “Sub-Adviser,” and collectively, the “Sub-Advisers”).•LSV generally focuses on investing in securities of companies that it believes are undervalued in the marketplace at the time of purchase and show recent positive signals, such as an appreciation in price and increase in earnings. LSV uses a quantitative investment model to make investment decisions. The investment model ranks securities based on fundamental measures of value (such as the dividend yield) and indicators of near-term recovery (such as recent price appreciation). This investment strategy seeks to manage overall portfolio risk while attempting to increase the expected return.•MFS employs an active bottom-up investment approach that seeks to invest in securities of companies that it believes are undervalued compared to their intrinsic value and focuses on companies it believes have intrinsic value greater than the perceived value by the marketplace. MFS may also consider environmental, social and governance (“ESG”) factors in its fundamental investment analysis where MFS believes such factors could materially impact the economic value of an issuer. ESG considerations are only one component in the evaluation of eligible investments and may not be a determinative factor in the final investment decision.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 LSV and a 50% allocation of the Fund’s assets to MFS. 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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MXJVX - Performance
Return Ranking - Trailing
| Period | MXJVX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 9.6% | -3.4% | 32.4% | 35.23% |
| 1 Yr | 12.3% | -1.8% | 38.8% | 39.18% |
| 3 Yr | 4.1%* | -13.6% | 48.1% | 26.22% |
| 5 Yr | 6.4%* | -34.2% | 74.9% | 26.32% |
| 10 Yr | N/A* | 1.2% | 32.4% | 2.72% |
* Annualized
Return Ranking - Calendar
| Period | MXJVX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 10.9% | -1.4% | 22.0% | 79.75% |
| 2022 | -18.5% | -43.6% | 71.3% | 56.00% |
| 2021 | 4.3% | -28.5% | 18.9% | 55.12% |
| 2020 | 6.5% | -90.1% | 992.1% | 63.71% |
| 2019 | 17.5% | -1.9% | 38.8% | 72.16% |
Total Return Ranking - Trailing
| Period | MXJVX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 9.6% | -3.4% | 32.4% | 35.23% |
| 1 Yr | 12.3% | -1.8% | 38.8% | 39.18% |
| 3 Yr | 4.1%* | -13.6% | 48.1% | 26.22% |
| 5 Yr | 6.4%* | -34.2% | 74.9% | 26.32% |
| 10 Yr | N/A* | 1.2% | 32.4% | 2.73% |
* Annualized
Total Return Ranking - Calendar
| Period | MXJVX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 18.4% | 3.2% | 23.8% | 19.78% |
| 2022 | -14.9% | -43.6% | 144.8% | 37.92% |
| 2021 | 11.3% | -22.6% | 56.0% | 36.26% |
| 2020 | 10.2% | -89.7% | 1010.8% | 47.99% |
| 2019 | 22.4% | 4.3% | 38.8% | 48.76% |
NAV & Total Return History
MXJVX - Holdings
Concentration Analysis
| MXJVX | Category Low | Category High | MXJVX % Rank | |
|---|---|---|---|---|
| Net Assets | 1.28 B | 3.3 M | 425 B | 37.91% |
| Number of Holdings | 289 | 1 | 10481 | 32.61% |
| Net Assets in Top 10 | 228 M | 1.01 M | 47.5 B | 43.84% |
| Weighting of Top 10 | 17.89% | 4.6% | 147.7% | 69.39% |
Top 10 Holdings
- DREYFUS INSTL PREFER GOVT-IS #6546 3.97%
- TotalEnergies SE EUR2.5 2.11%
- NatWest Group PLC ORD GBP1.0769 1.79%
- Schneider Electric SE EUR4.00 1.62%
- Taiwan Semiconductor Manufacturing Co., Ltd. SPON ADS REP 5 ORD TWD10 1.57%
- Roche Holdings AG GENUSSCHEINE NPV 1.49%
- Franco Nevada Corp COM NPV 1.37%
- Novartis AG CHF0.49 (REGD) 1.34%
- Legrand SA EUR4 1.33%
- Compagnie de Saint-Gobain SA EUR4 1.30%
Asset Allocation
| Weighting | Return Low | Return High | MXJVX % Rank | |
|---|---|---|---|---|
| Stocks | 95.25% | 0.00% | 102.63% | 84.56% |
| Cash | 3.97% | 0.00% | 44.84% | 17.78% |
| Preferred Stocks | 2.43% | -0.05% | 6.89% | 4.68% |
| Other | 0.00% | -2.12% | 47.54% | 47.89% |
| Convertible Bonds | 0.00% | 0.00% | 4.18% | 3.29% |
| Bonds | 0.00% | 0.00% | 95.29% | 10.45% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | MXJVX % Rank | |
|---|---|---|---|---|
| Industrials | 20.82% | 5.17% | 99.49% | 7.52% |
| Consumer Defense | 16.79% | 0.00% | 32.29% | 4.80% |
| Technology | 14.23% | 0.00% | 36.32% | 25.28% |
| Financial Services | 12.96% | 0.00% | 47.75% | 91.68% |
| Basic Materials | 10.86% | 0.00% | 23.86% | 10.56% |
| Consumer Cyclical | 9.02% | 0.00% | 36.36% | 74.56% |
| Healthcare | 7.77% | 0.00% | 20.35% | 88.48% |
| Communication Services | 3.29% | 0.00% | 21.69% | 89.44% |
| Energy | 1.77% | 0.00% | 16.89% | 88.16% |
| Real Estate | 1.49% | 0.00% | 14.59% | 59.04% |
| Utilities | 1.00% | 0.00% | 13.68% | 75.68% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | MXJVX % Rank | |
|---|---|---|---|---|
| Non US | 88.48% | 0.00% | 99.44% | 58.50% |
| US | 6.77% | 0.00% | 102.01% | 47.58% |
MXJVX - Expenses
Operational Fees
| MXJVX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.71% | 0.01% | 19.62% | 72.03% |
| Management Fee | 0.67% | 0.00% | 1.65% | 54.32% |
| 12b-1 Fee | 0.00% | 0.00% | 1.00% | 0.70% |
| Administrative Fee | N/A | 0.01% | 1.00% | 0.57% |
Sales Fees
| MXJVX 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
| MXJVX 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.
| MXJVX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 17.00% | 2.00% | 247.00% | 21.27% |
MXJVX - Distributions
Dividend Yield Analysis
| MXJVX | Category Low | Category High | MXJVX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.39% | 0.00% | 17.49% | 94.85% |
Dividend Distribution Analysis
| MXJVX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | SemiAnnual | Annual | Quarterly | Annual |
Net Income Ratio Analysis
| MXJVX | Category Low | Category High | MXJVX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.93% | -0.93% | 6.38% | 38.72% |
Capital Gain Distribution Analysis
| MXJVX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | None | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Sep 06, 2024 | $0.018 | OrdinaryDividend |
| Sep 06, 2024 | $0.006 | CapitalGainLongTerm |
| Dec 27, 2023 | $0.320 | OrdinaryDividend |
| Dec 27, 2023 | $0.157 | CapitalGainLongTerm |
| Sep 06, 2023 | $0.017 | OrdinaryDividend |
| Sep 06, 2023 | $0.065 | CapitalGainLongTerm |
| Dec 28, 2022 | $0.142 | OrdinaryDividend |
| Dec 28, 2022 | $0.163 | CapitalGainLongTerm |
| Sep 06, 2022 | $0.021 | CapitalGainLongTerm |
| Dec 29, 2021 | $0.269 | OrdinaryDividend |
| Dec 29, 2021 | $0.235 | CapitalGainLongTerm |
| Sep 03, 2021 | $0.013 | OrdinaryDividend |
| Sep 03, 2021 | $0.099 | CapitalGainLongTerm |
| Dec 29, 2020 | $0.162 | OrdinaryDividend |
| Dec 29, 2020 | $0.058 | CapitalGainLongTerm |
| Sep 04, 2020 | $0.075 | CapitalGainLongTerm |
| Dec 27, 2019 | $0.219 | OrdinaryDividend |
| Dec 27, 2019 | $0.109 | CapitalGainLongTerm |
| Sep 06, 2019 | $0.020 | CapitalGainLongTerm |
| Dec 27, 2018 | $2.357 | CapitalGainLongTerm |
| Dec 27, 2018 | $0.241 | OrdinaryDividend |
| Sep 07, 2018 | $0.086 | CapitalGainLongTerm |
| Sep 07, 2018 | $0.004 | OrdinaryDividend |
| Dec 27, 2017 | $0.169 | OrdinaryDividend |
| Dec 27, 2017 | $0.266 | CapitalGainLongTerm |
MXJVX - Fund Manager Analysis
Managers
Benjamin Stone
Start Date
Tenure
Tenure Rank
Sep 01, 2009
12.75
12.8%
Benjamin Stone, IIMR *Investment Officer *Equity Portfolio Manager *As an Equity Portfolio Manager, responsible for buy and sell decisions, portfolio construction, risk control and cash management. Participates in the research process and strategy discussions. *Joined MFS in 2005; previous positions include Equity Research Analyst. *Previous experience includes 9 years as Research Analyst at Schroders Investment Management. *Affiliations include Institute of Investment Management and Research. *Durham University, BA, 2:1
Guy Lakonishok
Start Date
Tenure
Tenure Rank
Apr 27, 2018
4.1
4.1%
Guy Lakonishok, CFA is a Partner, Portfolio Manager and Quantitative Analyst at LSV. Prior to joining LSV, Mr. Lakonishok was a Vice President in the Quantitative Equity group at BlackRock. His responsibilities included research, portfolio implementation, system development and performance attribution. Prior to this experience, Mr. Lakonishok was an analyst in the Quantitative Equity group at Weiss, Peck, and Greer, where he was responsible for developing portfolio analytics and assisting in the day-to-day management of the portfolios. Mr. Lakonishok received a B.S. in Applied Science with
Josef Lakonishok
Start Date
Tenure
Tenure Rank
Apr 27, 2018
4.1
4.1%
Dr. Lakonishok joined LSV in 1994, where he currently serves as Chief Executive Officer, Chief Investment Officer, Partner and Portfolio Manager Dr. Lakonishok has more than 30 years of investment and research experience. Dr. Lakonishok was, until 2004, the William G. Karnes Professor of Finance at the College of Commerce & Business Administration at the University of Illinois at Urbana-Champaign. Before that, he held staff and visiting professorships at Tel Aviv University, Cornell University, the University of North Carolina at Chapel Hill, and the University of British Columbia.
Puneet Mansharamani
Start Date
Tenure
Tenure Rank
Apr 27, 2018
4.1
4.1%
Puneet Mansharamani, CFA, is a Partner, Portfolio Manager and Quantitative Analyst of LSV. Mr. Mansharamani has more than 14 years of investment experience. At LSV, Mr. Mansharamani is part of our quantitative and implementation team, which is responsible for the day-to-day data management, portfolio implementation and ongoing enhancement of our models and systems. Prior to joining LSV, Mr. Mansharamani was an Analyst at Institutional Trust National City Corporation. His responsibilities included project management, systems development and designing financial and analytical applications fo
Greg Sleight
Start Date
Tenure
Tenure Rank
Apr 27, 2018
4.1
4.1%
Greg Sleight is a Partner, Portfolio Manager and Quantitative Analyst of LSV. At LSV, Mr. Sleight is part of our quantitative and implementation team, which is responsible for the day-to-day data management, portfolio implementation and ongoing enhancement of our models and systems. Mr. Sleight received a B.S. in Material Science & Engineering from the University of Illinois in 2000 and an M.B.A. in Econometrics, Economics & Analytic Finance from the University of Chicago in 2006.
Menno Vermeulen
Start Date
Tenure
Tenure Rank
Apr 27, 2018
4.1
4.1%
Menno Vermeulen, CFA, is a Partner, Portfolio Manager and Senior Quantitative Analyst of LSV. Dr. Lakonishok joined LSV in 1994. Vermeulen has more than 21 years of investment experience. At LSV, Mr. Vermeulen has developed and written the software for our quantitative models and portfolio management system. He leads our quantitative and implementation team, which is responsible for the day-to-day data management, portfolio implementation and ongoing enhancement of our models and systems. Mr. Vermeulen is also involved in the research process at LSV. Prior to joining LSV, he worked at ABP
Philip Evans
Start Date
Tenure
Tenure Rank
Feb 01, 2020
2.33
2.3%
Philip Evans - Investment Officer - Equity Portfolio Manager - As an Equity Portfolio Manager, responsible for buy and sell decisions, portfolio construction, risk control and cash management. Participates in the research process and strategy discussions., As an Equity Research Analyst, responsible for identifying the most attractive investment opportunities in assigned universe. Works closely with portfolio managers to ensure ideas are properly positioned within portfolios. - Joined MFS in 2011 - Previous experience includes 3 years as Equity Analyst at Baillie Gifford & Co. - University of St. Andrews, Master of Arts, First Class
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 30.35 | 6.32 | 3.25 |
