Great-West T. Rowe Price Equity Income Fund
Data updated: 2019-11-22
C000155761 — Great-West T. Rowe Price Equity Income Fund. Bond · $731.84M AUM · 0.47% expense ratio. Holdings, fees, performance and SEC filings.
C000155761 Fund Overview
Great-West T. Rowe Price Equity Income Fund is a US mutual fund managed by Empower Funds, Inc., categorised as 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: Bond
- Assets under management: $731.84M
- SEC CIK: 0000356476
- SEC series ID: S000023734
- Share class ID: C000155761
C000155761 Investment Objective and Strategy
Great-West T. Rowe Price Equity Income 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 substantial dividend income and also long-term capital appreciation.
Principal investment strategy
The following 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, with an emphasis on large-capitalization stocks that have a strong track record of paying dividends or that are believed to be undervalued. The Sub-Adviser typically employs a value approach in selecting investments. The Sub-Adviser's in-house research team seeks companies that appear to be undervalued by various measures and may be temporarily out of favor but have good prospects for dividend growth and capital appreciation. The Fund will invest in companies which have one or more of the following characteristics: established operating histories; above-average current dividend yields relative to the Russell 1000 Value Index; sound balance sheets and other positive financial characteristics; low price/earnings ratio relative to the Russell 1000 Value Index; and low stock price relative to a companys underlying value as measured by assets, cash flow or business franchises.
The Fund generally seeks investments in large-capitalization companies. The Sub-Adviser seeks a yield, which reflects the level of dividends paid by the Fund, that exceeds the yield of the Russell 1000 Value Index. In pursuing the Fund's investment objective, the Sub-Adviser has the discretion to purchase some securities that do not meet its normal investment criteria. These situations might arise when the Sub-Adviser believes a security could increase in value for a variety of reasons, including a change in management, an extraordinary corporate event, a new product introduction or innovation, or a favorable competitive development. While most assets will typically be invested in U.S. common stocks, other securities may also be purchased in keeping with the Funds objectives. The Fund may invest up to 25% of its total assets in foreign securities.
The Fund may also invest in fixed income securities without regard to quality, maturity, or rating, including up to 10% of its total assets in below investment grade fixed income securities (high yield-high risk or junk securities). The Fund may sell securities for a variety of reasons, such as to secure gains, limit losses, or redeploy assets into more promising opportunities.
C000155761 Costs and Fees
C000155761 costs about $47 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.47%
- Gross expense ratio: 0.48%
- Portfolio turnover: 22%
- Brokerage commissions: 46.19 bps of average net assets (SEC N-CEN)
C000155761 Cashflows
Over the 12 months to 2019-09, Great-West T. Rowe Price Equity Income Fund had net outflows of $258.40M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2019-09 | −$93.55M |
| 2019-08 | −$80.16M |
| 2019-07 | −$84.70M |
C000155761 Debt Constituents
No individual debt constituents are reported in Great-West T. Rowe Price Equity Income Fund's latest SEC N-PORT filing.
C000155761 Prospectus and SEC Filings
Official Great-West T. Rowe Price Equity Income Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
Related Funds
Other Bond funds tracked on ABC INVEST:
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.