MXSMX — Great-West SecureFoundation Lifetime 2020 Fund
Data updated: 2022-03-11
MXSMX — Great-West SecureFoundation Lifetime 2020 Fund. Target Date / Glide Path Allocation · $37.22M AUM. Holdings, fees, performance and SEC filings.
MXSMX Fund Overview
MXSMX — Great-West SecureFoundation Lifetime 2020 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: $37.22M
- 1-year return: 16.3%
- Ticker: MXSMX
- SEC CIK: 0000356476
- SEC series ID: S000030873
- Share class ID: C000095754
MXSMX Investment Objective and Strategy
Great-West SecureFoundation Lifetime 2020 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 long-term capital appreciation and income consistent with its current asset allocation.
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 planning to retire in, or close to, 2020 (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. Under normal conditions, the Fund will invest 50-70% of its net assets in Underlying Funds that invest primarily in equity securities and 30-50% of its net assets in Underlying Funds that invest primarily in fixed income securities. The Fund may also invest in the GWL&A Contract. GWCM uses asset allocation strategies to allocate assets among asset classes and the Underlying Funds.
The Fund currently invests primarily in Underlying Funds designed to track the performance of a specified securities index (Index 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 equities (including those from emerging markets), fixed income securities, derivatives, and short-term investments. 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 21.73% International 14.45% Great-West S&P 500 Index Fund Institutional Great-West International Index Fund Institutional Mid Cap 9.31% Emerging Markets 4.82% Great-West S&P Mid Cap 400 Index Fund Institutional Northern Emerging Markets Equity Index Fund Small Cap 5.66% Bond 37.47% Great-West S&P Small Cap 600 Index Fund Institutional Great-West Bond Index Fund Institutional Short-Term Bond 6.56% 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, add or delete Underlying Funds, or change asset allocations at any time and without shareholder notice or approval. The following chart illustrates the Funds target asset allocation among U.S. equity, foreign equity, and fixed income asset classes as of the date of this Prospectus. 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.
MXSMX Holdings
Top 7 holdings of Great-West SecureFoundation Lifetime 2020 Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Maxim Ser Fd Inc | 35.82% |
| Maxim Ser Fd Inc | 21.56% |
| Maxim Ser Fd Inc | 14.79% |
| Maxim Ser Fd Inc | 9.21% |
| Great-West | 8.12% |
| Maxim Ser Fd Inc | 5.67% |
| Northern Funds | 4.87% |
MXSMX Portfolio Allocation
Asset-class allocation of Great-West SecureFoundation Lifetime 2020 Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 91.9% |
| Fixed Income | 8.1% |
MXSMX Performance
Total returns for MXSMX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 16.3% |
| 3 years (annualised) | 10.9% |
MXSMX Risk Information
Risk metrics for MXSMX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 8.5%
MXSMX Costs and Fees
MXSMX costs about $60 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.60%
- Gross expense ratio: 0.63%
- Portfolio turnover: 36%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
MXSMX Cashflows
Over the 12 months to 2021-09, Great-West SecureFoundation Lifetime 2020 Fund had net outflows of $93.68M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2021-09 | −$8.16M |
| 2021-08 | −$7.81M |
| 2021-07 | −$7.74M |
| 2021-06 | −$7.52M |
| 2021-05 | −$7.35M |
| 2021-04 | −$6.21M |
MXSMX Debt Constituents
Largest debt holdings of Great-West SecureFoundation Lifetime 2020 Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| Great-West | 8.12% |
MXSMX Prospectus and SEC Filings
Official Great-West SecureFoundation Lifetime 2020 Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2021-04-30
- Prospectus (485BPOS) — filed 2020-05-20
- Prospectus (485BPOS) — filed 2019-05-10
- Portfolio holdings (N-PORT) — filed 2021-11-29
- Portfolio holdings (N-PORT) — filed 2021-08-24
- Portfolio holdings (N-PORT) — filed 2021-05-24
- Annual census (N-CEN) — filed 2022-03-11
- Annual census (N-CEN) — filed 2021-03-11
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.