MXSTX — Great-West SecureFoundation Lifetime 2045 Fund
Data updated: 2022-03-11
MXSTX — Great-West SecureFoundation Lifetime 2045 Fund. Target Date / Glide Path Allocation · $11.48M AUM. Holdings, fees, performance and SEC filings.
MXSTX Fund Overview
MXSTX — Great-West SecureFoundation Lifetime 2045 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: $11.48M
- 1-year return: 26.7%
- Ticker: MXSTX
- SEC CIK: 0000356476
- SEC series ID: S000026886
- Share class ID: C000080907
MXSTX Investment Objective and Strategy
Great-West SecureFoundation Lifetime 2045 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, 2045 (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 proximity to 2045, 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 75-95% of its net assets in Underlying Funds that invest primarily in equity securities and 5-25% 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 until 2035, 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. Beginning in 2035, it is anticipated that the asset allocation between equity and fixed income investments will become relatively static, and that 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. 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 31.16% International 24.47% Great-West S&P 500 Index Fund Institutional Great-West International Index Fund Institutional Mid Cap 13.36% Emerging Markets 9.80% Great-West S&P Mid Cap 400 Index Fund Institutional Northern Emerging Markets Equity Index Fund Small Cap 10.66% Bond 10.15% Great-West S&P Small Cap 600 Index Fund Institutional Great-West Bond Index Fund Institutional Short-Term Bond 0.40% 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 allocation among U.S. equity, foreign equity, 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 until 2035. The glide path reflects the declining percentage of equities in the Fund as it approaches 2035. The glide path provides for more exposure to equities for investors further from retirement and more exposure to fixed income securities for investors nearing retirement.
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.
MXSTX Holdings
Top 7 holdings of Great-West SecureFoundation Lifetime 2045 Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Maxim Ser Fd Inc | 30.48% |
| Maxim Ser Fd Inc | 24.73% |
| Maxim Ser Fd Inc | 13.01% |
| Maxim Ser Fd Inc | 10.83% |
| Maxim Ser Fd Inc | 10.30% |
| Northern Funds | 9.70% |
| Great-West | 0.99% |
MXSTX Portfolio Allocation
Asset-class allocation of Great-West SecureFoundation Lifetime 2045 Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 99.0% |
| Fixed Income | 1.0% |
MXSTX Performance
Total returns for MXSTX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 26.7% |
| 3 years (annualised) | 13.8% |
MXSTX Risk Information
Risk metrics for MXSTX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 12.8%
MXSTX Costs and Fees
MXSTX costs about $65 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.65%
- Gross expense ratio: 0.66%
- Portfolio turnover: 29%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
MXSTX Cashflows
Over the 12 months to 2021-09, Great-West SecureFoundation Lifetime 2045 Fund had net outflows of $92.92M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2021-09 | −$10.83M |
| 2021-08 | −$9.55M |
| 2021-07 | −$9.24M |
| 2021-06 | −$9.14M |
| 2021-05 | −$9.05M |
| 2021-04 | −$8.80M |
MXSTX Debt Constituents
Largest debt holdings of Great-West SecureFoundation Lifetime 2045 Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| Great-West | 0.99% |
MXSTX Prospectus and SEC Filings
Official Great-West SecureFoundation Lifetime 2045 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.