MXLTX — Great-West Lifetime Conservative 2015 Fund
Data updated: 2021-03-11
MXLTX — Great-West Lifetime Conservative 2015 Fund. Target Date / Glide Path Allocation · $49.79M AUM. Holdings, fees, performance and SEC filings.
MXLTX Fund Overview
MXLTX — Great-West Lifetime Conservative 2015 Fund is a US mutual fund managed by Empower Funds, Inc., categorised as Target Date / Glide Path Allocation. 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: Target Date / Glide Path Allocation
- Assets under management: $49.79M
- 1-year return: 4.1%
- Ticker: MXLTX
- SEC CIK: 0000356476
- SEC series ID: S000025501
- Share class ID: C000076340
MXLTX Investment Objective and Strategy
Great-West Lifetime Conservative 2015 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 income
Principal investment strategy
The following is a summary of the principal investment strategies of the Fund: The Fund seeks to achieve its objective by investing in a professionally selected mix of Underlying Funds that is tailored for investors who retired in (or otherwise begin using the invested funds on), or close to, 2015 (which is assumed to be at age 65). The Fund is designed for investors who plan to withdraw the value of their account in the Fund gradually after retirement. Depending on its risk profile and proximity to 2015, the Fund employs a combination of investments among Underlying Funds in order to emphasize, as appropriate, growth, income and/or preservation of capital. The Fund currently expects (as of the date of this Prospectus) to invest 20-40% of its net assets in Underlying Funds that invest primarily in equity securities and 60-80% of its net assets in Underlying Funds that invest primarily in fixed income securities.
The Fund may also invest in the GWL&A Contract. Over time, the Funds asset allocation strategy will generally become more conservative, with greater emphasis on investments that provide for income and preservation of capital, and less on those offering the potential for growth. GWCM uses asset allocation strategies to allocate assets among different broad asset classes and the Underlying Funds. Each Underlying Fund has its own investment objectives and strategies and may hold a wide range of securities and other instruments in its portfolio, including, without limitation, U.S. and foreign equity securities (including those from emerging markets), U.S. and foreign fixed income securities (including those rated below investment grade), real estate instruments, short-term investments, and derivatives.
The following table shows the Funds target allocation for the various asset classes and the Underlying Funds in which the Fund expects to invest as of the date of this Prospectus: Large Cap 11.35% Great-West Large Cap Growth Fund Institutional Great-West T. Rowe Price Equity Income Fund Institutional Great-West Putnam Equity Income Fund Institutional Great-West S&P 500 Index Fund Institutional Mid Cap 4.86% Great-West T. Rowe Price Mid Cap Growth Fund Institutional Great-West Ariel Mid Cap Value Fund Institutional Great-West Mid Cap Value Fund Institutional Great-West S&P Mid Cap 400 Index Fund Institutional Small Cap 2.72% Invesco Small Cap Discovery Fund R6 Janus Triton Fund N Great-West Loomis Sayles Small Cap Value Fund Institutional AllianzGI NFJ Small-Cap Value Fund R6 Great-West S&P Small Cap 600 Index Fund Institutional International 6.41% Invesco International Growth Fund R6 Great-West International Growth Fund Institutional Great-West International Value Fund Institutional Great-West International Index Fund Institutional Emerging Markets 1.88% Northern Emerging Markets Equity Index Fund Great-West Emerging Markets Equity Fund Institutional Bond 54.46% Great-West Templeton Global Bond Fund Institutional Oppenheimer International Bond I Great-West Putnam High Yield Bond Fund Institutional Great-West Inflation-Protected Securities Fund Institutional Great-West Loomis Sayles Bond Fund Institutional Great-West Core Bond Fund Institutional Great-West Bond Index Fund Institutional Real Estate 2.22% Great-West Real Estate Index Fund Institutional American Century Real Estate Fund R6 DFA International Real Estate Securities Fund I Invesco Global Real Estate Fund R6 Short-Term Bond/Cash 16.10% Great-West Short Duration Bond Fund Institutional GWL&A Contract The Fund will rebalance its holdings of the Underlying Funds on a periodic basis to maintain the appropriate asset allocation.
GWCM reviews asset class allocations, Underlying Fund allocations, and the Underlying Funds themselves on a quarterly basis, or more frequently as deemed necessary. GWCM may add or delete asset classes, and add or delete Underlying Funds at any time and without shareholder notice or approval. The following chart illustrates the Funds target asset allocations among U.S. equity, foreign equity, real estate, and fixed income asset classes as of the date of this Prospectus. The chart represents the asset allocation path (the glide path) that the Fund follows to become more conservative over time. The glide path reflects the declining percentage of equities in the Fund as it approaches and passes the target date. The glide path provides for more exposure to equities for investors further from retirement and more exposure to fixed income securities for investors near and through retirement.
The glide paths continue to adjust the Funds equity exposure downward after the target date is reached. The illustration reflects the Funds neutral allocations (without any tactical adjustments by GWCM). The Funds actual asset allocation may differ from this illustration to reflect GWCMs tactical adjustments to the asset mix based on market outlook or other factors. GWCM periodically reviews the asset allocations and may change target asset allocations or deviate from the target asset allocations at any time without shareholder notice or approval.
MXLTX Holdings
Top 10 holdings of Great-West Lifetime Conservative 2015 Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Great-West Funds Incorporation | 15.77% |
| Great-West | 13.85% |
| Maxim Ser Fd Inc | 13.41% |
| Maxim Ser Fd Inc | 6.98% |
| Maxim Ser Fd Inc | 6.59% |
| Maxim Ser Fd Inc | 5.96% |
| Maxim Ser Fd Inc | 5.44% |
| Maxim Ser Fd Inc | 5.15% |
| Maxim Ser Fd Inc | 4.14% |
| Maxim Ser Fd Inc | 2.88% |
MXLTX Portfolio Allocation
Asset-class allocation of Great-West Lifetime Conservative 2015 Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 86.2% |
| Fixed Income | 13.8% |
MXLTX Performance
Total returns for MXLTX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 4.1% |
MXLTX Risk Information
Risk metrics for MXLTX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 8.7%
MXLTX Costs and Fees
MXLTX costs about $77 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.77%
- Gross expense ratio: 0.82%
- Portfolio turnover: 19%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
MXLTX Cashflows
Over the 12 months to 2020-06, Great-West Lifetime Conservative 2015 Fund had net outflows of $93.89M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2020-06 | −$5.44M |
| 2020-05 | −$6.08M |
| 2020-04 | −$5.08M |
| 2020-03 | −$4.16M |
| 2020-02 | −$2.47M |
| 2020-01 | −$2.04M |
MXLTX Debt Constituents
Largest debt holdings of Great-West Lifetime Conservative 2015 Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| Great-West | 13.85% |
MXLTX Prospectus and SEC Filings
Official Great-West Lifetime Conservative 2015 Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2020-05-20
- Prospectus (485BPOS) — filed 2019-05-10
- Prospectus (485BPOS) — filed 2018-05-14
- Portfolio holdings (N-PORT) — filed 2020-08-24
- Portfolio holdings (N-PORT) — filed 2020-05-27
- Portfolio holdings (N-PORT) — filed 2020-02-26
- Annual census (N-CEN) — filed 2021-03-11
- Annual census (N-CEN) — filed 2020-03-11
Related Funds
Other Target Date / Glide Path Allocation 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.