Great-West Inflation-Protected Securities Fund

C000195602 Fund Overview

Great-West Inflation-Protected Securities Fund is a US mutual fund managed by Empower Funds, Inc., categorised as Intermediate Treasury / Sovereign 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 Treasury / Sovereign Bond
• Assets under management: $594.26M
• 1-year return: 6.3%
• SEC CIK: 0000356476
• SEC series ID: S000059775
• Share class ID: C000195602

C000195602 Investment Objective and Strategy

Great-West Inflation-Protected Securities 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 real return consistent with the preservation of capital.

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 inflation-protected securities (IPS) of varying maturities issued by the U.S. Treasury and other U.S. and non-U.S. government agencies and corporations, and other instruments, including inflation-linked swaps, with similar economic characteristics. Designed to provide inflation protection to investors, IPS are income-generating instruments whose interest and principal payments are periodically adjusted according to the rate of inflation. The Fund may invest in derivatives, including but not limited to exchange-traded futures, interest rate swaps and inflation-linked swaps that reference the Consumer Price Index for All Urban Consumers (CPI-U) as well as other measures of inflation.

The remainder of the Funds assets may be invested in other fixed income securities, including corporate bonds, asset-backed securities, mortgage-backed securities, below investment grade securities (commonly known as high yield securities or junk bonds), Rule 144A fixed income securities, securities issued by foreign corporate and governmental issuers, and U.S. government securities. The Funds target duration range under normal interest rate conditions is expected to approximate that of its benchmark index, the Bloomberg 1-10 Year U.S. Treasury Inflation-Protected Securities Index, plus or minus one year. As of December 31, 2025, the duration of this index was 4.51 years. 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. 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-adviser and monitors its performance on an ongoing basis. The Funds investment portfolio is managed by Goldman Sachs Asset Management, L.P. (the Sub-Adviser or GSAM). GSAM seeks to generate consistent risk-adjusted performance by capitalizing on inefficiencies in markets that cause security prices to diverge from their fair value.

C000195602 Holdings

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

View all C000195602 holdings

C000195602 Portfolio Allocation

Asset-class allocation of Great-West Inflation-Protected Securities Fund by percentage of net assets, from the latest SEC N-PORT filing.

C000195602 Performance

Total returns for C000195602 (as of 2026-10-01), from SEC filings.

C000195602 Risk Information

Risk metrics for C000195602, derived from monthly returns in SEC filings.

• 1-year volatility (annualised): 5.3%

C000195602 Costs and Fees

C000195602 costs about $95 per $10,000 invested per year in fund expenses.

• Net expense ratio: 0.95%
• Gross expense ratio: 218.49%
• Portfolio turnover: 180%
• Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)

C000195602 Cashflows

Over the 12 months to 2026-06, Great-West Inflation-Protected Securities Fund had net inflows of $82.72M, from monthly SEC N-PORT filings.

C000195602 Debt Constituents

Largest debt holdings of Great-West Inflation-Protected Securities Fund by percentage of net assets, from the latest SEC N-PORT filing.

C000195602 Prospectus and SEC Filings

Official Great-West Inflation-Protected Securities 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 Treasury / Sovereign Bond funds tracked on ABC INVEST:

• Vanguard Intermediate-Term Bond Index Fund (VBIIX)
• Vanguard Intermediate-Term Treasury Index Fund (VSIGX)
• iShares U.S. Treasury Bond ETF (GOVT)
• iShares 3-7 Year Treasury Bond ETF (IEI)
• Fidelity SAI Inflation-Protected Bond Index Fund (FSPWX)

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.