Great-West Multi-Sector Bond Fund

C000095793 Fund Overview

Great-West Multi-Sector Bond Fund is a US mutual fund managed by Empower Funds, Inc., categorised as Intermediate Total / Aggregate Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

• Type: US mutual fund
• Manager: Empower Funds, Inc.
• Category: Intermediate Total / Aggregate Bond
• Assets under management: $1.50B
• 1-year return: 5.8%
• SEC CIK: 0000356476
• SEC series ID: S000023756
• Share class ID: C000095793

C000095793 Investment Objective and Strategy

Great-West Multi-Sector Bond Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Empower Funds, Inc..

Investment objective

The Fund seeks high total investment return through a combination of current income and capital appreciation.

Principal investment strategy

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 fixed income securities. The fixed income securities in which the Fund invests may include corporate bonds, asset-backed securities, mortgage-backed securities, Rule 144A fixed income securities, bank loans and U.S. government securities. Up to 65% of the Funds total assets may be invested in below investment grade securities (commonly known as high yield securities or junk bonds). Up to 50% of its total assets may be invested in foreign securities, including foreign government and emerging market securities, and the Fund may invest without limitation in obligations of supranational entities (e.g., the World Bank).

The Fund may invest in securities of any maturity and of any duration. Duration is a measure of a debt securitys price sensitivity to changes in interest rates. The longer the duration of the Fund (or an individual debt security), the more sensitive its market price will be to changes in interest rates. For example, if market interest rates increase by 1%, the market price of a debt security with a three-year effective duration will generally decrease by approximately 3%. Conversely, a 1% decline in market interest rates will generally result in an increase of approximately 3% of that securitys market price. The Fund may also invest in derivatives, including but not limited to currency forwards, futures contracts and credit default swaps. Empower Capital Management, LLC (ECM) is the Funds investment adviser and, subject to the approval of the Board of Directors of Empower Funds (the Board), selects the Funds sub-advisers and monitors their performance on an ongoing basis.

The Funds investment portfolio is managed by two sub-advisers: Loomis, Sayles, & Company, L.P. (Loomis Sayles) and Virtus Fixed Income Advisers, LLC (VFIA) (each, a Sub-Adviser, and collectively, the Sub-Advisers). Loomis Sayles invests in fixed income securities that it believes are attractively valued based on the credit outlook of an issuer and maximum total return potential. VFIA invests in a diversified portfolio of bonds using a sector rotation approach it believes offers the best potential for total return based on risk-reward tradeoff. ECM maintains a strategic allocation of the Funds 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 Funds assets to Loomis Sayles and a 50% allocation of the Funds assets to VFIA.

Actual allocations may vary from the target allocations and ECM may change the asset allocations at any time without shareholder notice or approval.

C000095793 Holdings

Top 10 holdings of Great-West Multi-Sector Bond Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.

View all C000095793 holdings

C000095793 Portfolio Allocation

Asset-class allocation of Great-West Multi-Sector Bond Fund by percentage of net assets, from the latest SEC N-PORT filing.

C000095793 Performance

Total returns for C000095793 (as of 2026-10-01), from SEC filings.

C000095793 Risk Information

Risk metrics for C000095793, derived from monthly returns in SEC filings.

• 1-year volatility (annualised): 11.8%

C000095793 Costs and Fees

C000095793 costs about $115 per $10,000 invested per year in fund expenses.

• Net expense ratio: 1.15%
• Gross expense ratio: 6.19%
• Portfolio turnover: 74%
• Brokerage commissions: 0.06 bps of average net assets (SEC N-CEN)

C000095793 Cashflows

Over the 12 months to 2026-06, Great-West Multi-Sector Bond Fund had net inflows of $1.35B, from monthly SEC N-PORT filings.

C000095793 Debt Constituents

Largest debt holdings of Great-West Multi-Sector Bond Fund by percentage of net assets, from the latest SEC N-PORT filing.

C000095793 Prospectus and SEC Filings

Official Great-West Multi-Sector Bond Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2026-04-30
• Prospectus (485BPOS) — filed 2025-04-25
• Prospectus (485BPOS) — filed 2024-04-25
• Portfolio holdings (N-PORT) — filed 2026-08-20
• Portfolio holdings (N-PORT) — filed 2026-05-20
• Portfolio holdings (N-PORT) — filed 2026-02-13
• Annual census (N-CEN) — filed 2026-03-13
• Annual census (N-CEN) — filed 2025-03-14

Related Funds

Other Intermediate Total / Aggregate Bond funds tracked on ABC INVEST:

• Vanguard Total Bond Market Index Fund (VBMFX)
• Vanguard Total Bond Market II Index Fund (VTBIX)
• Vanguard Total International Bond II Index Fund (VTIIX)
• iShares Core U.S. Aggregate Bond ETF (AGG)
• Vanguard Total International Bond Index Fund (VTIBX)

Data Sources

ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.