08/29/2024 | Press release | Distributed by Public on 08/29/2024 08:09
Fund (Class) | Costs of a $10,000 investment |
Costs paid as a percentage of a $10,000 investment |
Empower Conservative Profile Fund (Class L/MXIPX) |
$102.00 | 1.02%(a) |
(a)
|
The Fund's annualized expense ratio includes expenses borne directly by the class plus the Fund's pro-rata share of the weighted average expense ratio of the underlying funds in which it invests (0.40%).
|
Fund net assets | $1,237M |
Total number of portfolio holdings | 18 |
Total advisory fee paid | $0.7M |
Portfolio turnover rate as of the end of the reporting period | 10% |
Empower of America Contract | 22.54% |
Empower Short Duration Bond Fund Institutional Class | 9.11% |
Empower Multi-Sector Bond Fund Institutional Class | 8.46% |
Empower Global Bond Fund Institutional Class | 8.38% |
Empower Core Bond Fund Institutional Class | 6.54% |
Empower U.S. Government Mortgage Securities Fund Institutional Class | 6.53% |
Empower Large Cap Value Fund Institutional Class | 6.26% |
Empower Real Estate Index Fund Institutional Class | 5.07% |
Empower International Value Fund Institutional Class | 4.71% |
Empower Inflation-Protected Securities Fund Institutional Class | 4.37% |
Fund (Class) | Costs of a $10,000 investment |
Costs paid as a percentage of a $10,000 investment |
Empower Conservative Profile Fund (Institutional Class/MXKVX) |
$42.00 | 0.42%(a) |
(a)
|
The Fund's annualized expense ratio includes expenses borne directly by the class plus the Fund's pro-rata share of the weighted average expense ratio of the underlying funds in which it invests (0.40%).
|
Fund net assets | $1,237M |
Total number of portfolio holdings | 18 |
Total advisory fee paid | $0.7M |
Portfolio turnover rate as of the end of the reporting period | 10% |
Empower of America Contract | 22.54% |
Empower Short Duration Bond Fund Institutional Class | 9.11% |
Empower Multi-Sector Bond Fund Institutional Class | 8.46% |
Empower Global Bond Fund Institutional Class | 8.38% |
Empower Core Bond Fund Institutional Class | 6.54% |
Empower U.S. Government Mortgage Securities Fund Institutional Class | 6.53% |
Empower Large Cap Value Fund Institutional Class | 6.26% |
Empower Real Estate Index Fund Institutional Class | 5.07% |
Empower International Value Fund Institutional Class | 4.71% |
Empower Inflation-Protected Securities Fund Institutional Class | 4.37% |
Fund (Class) | Costs of a $10,000 investment |
Costs paid as a percentage of a $10,000 investment |
Empower Conservative Profile Fund (Investor Class/MXCPX) |
$77.00 | 0.77%(a) |
(a)
|
The Fund's annualized expense ratio includes expenses borne directly by the class plus the Fund's pro-rata share of the weighted average expense ratio of the underlying funds in which it invests (0.40%).
|
Fund net assets | $1,237M |
Total number of portfolio holdings | 18 |
Total advisory fee paid | $0.7M |
Portfolio turnover rate as of the end of the reporting period | 10% |
Empower of America Contract | 22.54% |
Empower Short Duration Bond Fund Institutional Class | 9.11% |
Empower Multi-Sector Bond Fund Institutional Class | 8.46% |
Empower Global Bond Fund Institutional Class | 8.38% |
Empower Core Bond Fund Institutional Class | 6.54% |
Empower U.S. Government Mortgage Securities Fund Institutional Class | 6.53% |
Empower Large Cap Value Fund Institutional Class | 6.26% |
Empower Real Estate Index Fund Institutional Class | 5.07% |
Empower International Value Fund Institutional Class | 4.71% |
Empower Inflation-Protected Securities Fund Institutional Class | 4.37% |
Fund (Class) | Costs of a $10,000 investment |
Costs paid as a percentage of a $10,000 investment |
Empower Moderately Conservative Profile Fund (Class L/MXHPX) |
$108.00 | 1.08%(a) |
(a)
|
The Fund's annualized expense ratio includes expenses borne directly by the class plus the Fund's pro-rata share of the weighted average expense ratio of the underlying funds in which it invests (0.46%).
|
Fund net assets | $648M |
Total number of portfolio holdings | 18 |
Total advisory fee paid | $0.3M |
Portfolio turnover rate as of the end of the reporting period | 16% |
Empower of America Contract | 22.00% |
Empower Large Cap Value Fund Institutional Class | 10.15% |
Empower International Value Fund Institutional Class | 7.64% |
Empower Multi-Sector Bond Fund Institutional Class | 6.65% |
Empower Global Bond Fund Institutional Class | 6.59% |
Empower Mid Cap Value Fund Institutional Class | 5.54% |
Empower Core Bond Fund Institutional Class | 5.14% |
Empower U.S. Government Mortgage Securities Fund Institutional Class | 5.13% |
Empower Real Estate Index Fund Institutional Class | 4.54% |
Empower Large Cap Growth Fund Institutional Class | 4.04% |
Fund (Class) | Costs of a $10,000 investment |
Costs paid as a percentage of a $10,000 investment |
Empower Moderately Conservative Profile Fund (Institutional Class/MXJUX) |
$48.00 | 0.48%(a) |
(a)
|
The Fund's annualized expense ratio includes expenses borne directly by the class plus the Fund's pro-rata share of the weighted average expense ratio of the underlying funds in which it invests (0.46%).
|
Fund net assets | $648M |
Total number of portfolio holdings | 18 |
Total advisory fee paid | $0.3M |
Portfolio turnover rate as of the end of the reporting period | 16% |
Empower of America Contract | 22.00% |
Empower Large Cap Value Fund Institutional Class | 10.15% |
Empower International Value Fund Institutional Class | 7.64% |
Empower Multi-Sector Bond Fund Institutional Class | 6.65% |
Empower Global Bond Fund Institutional Class | 6.59% |
Empower Mid Cap Value Fund Institutional Class | 5.54% |
Empower Core Bond Fund Institutional Class | 5.14% |
Empower U.S. Government Mortgage Securities Fund Institutional Class | 5.13% |
Empower Real Estate Index Fund Institutional Class | 4.54% |
Empower Large Cap Growth Fund Institutional Class | 4.04% |
Fund (Class) | Costs of a $10,000 investment |
Costs paid as a percentage of a $10,000 investment |
Empower Moderately Conservative Profile Fund (Investor Class/MXDPX) |
$83.00 | 0.83%(a) |
(a)
|
The Fund's annualized expense ratio includes expenses borne directly by the class plus the Fund's pro-rata share of the weighted average expense ratio of the underlying funds in which it invests (0.46%).
|
Fund net assets | $648M |
Total number of portfolio holdings | 18 |
Total advisory fee paid | $0.3M |
Portfolio turnover rate as of the end of the reporting period | 16% |
Empower of America Contract | 22.00% |
Empower Large Cap Value Fund Institutional Class | 10.15% |
Empower International Value Fund Institutional Class | 7.64% |
Empower Multi-Sector Bond Fund Institutional Class | 6.65% |
Empower Global Bond Fund Institutional Class | 6.59% |
Empower Mid Cap Value Fund Institutional Class | 5.54% |
Empower Core Bond Fund Institutional Class | 5.14% |
Empower U.S. Government Mortgage Securities Fund Institutional Class | 5.13% |
Empower Real Estate Index Fund Institutional Class | 4.54% |
Empower Large Cap Growth Fund Institutional Class | 4.04% |
Fund (Class) | Costs of a $10,000 investment |
Costs paid as a percentage of a $10,000 investment |
Empower Moderate Profile Fund (Class L/MXGPX) |
$117.00 | 1.17%(a) |
(a)
|
The Fund's annualized expense ratio includes expenses borne directly by the class plus the Fund's pro-rata share of the weighted average expense ratio of the underlying funds in which it invests (0.53%).
|
Fund net assets | $1,691M |
Total number of portfolio holdings | 18 |
Total advisory fee paid | $0.8M |
Portfolio turnover rate as of the end of the reporting period | 7% |
Empower of America Contract | 16.00% |
Empower Large Cap Value Fund Institutional Class | 14.02% |
Empower International Value Fund Institutional Class | 10.55% |
Empower Mid Cap Value Fund Institutional Class | 7.66% |
Empower Large Cap Growth Fund Institutional Class | 5.60% |
Empower Small Cap Value Fund Institutional Class | 4.98% |
Empower Multi-Sector Bond Fund Institutional Class | 4.84% |
Empower Global Bond Fund Institutional Class | 4.79% |
Empower International Growth Fund Institutional Class | 4.23% |
Empower Real Estate Index Fund Institutional Class | 4.04% |
Fund (Class) | Costs of a $10,000 investment |
Costs paid as a percentage of a $10,000 investment |
Empower Moderate Profile Fund (Institutional Class/MXITX) |
$57.00 | 0.57%(a) |
(a)
|
The Fund's annualized expense ratio includes expenses borne directly by the class plus the Fund's pro-rata share of the weighted average expense ratio of the underlying funds in which it invests (0.53%).
|
Fund net assets | $1,691M |
Total number of portfolio holdings | 18 |
Total advisory fee paid | $0.8M |
Portfolio turnover rate as of the end of the reporting period | 7% |
Empower of America Contract | 16.00% |
Empower Large Cap Value Fund Institutional Class | 14.02% |
Empower International Value Fund Institutional Class | 10.55% |
Empower Mid Cap Value Fund Institutional Class | 7.66% |
Empower Large Cap Growth Fund Institutional Class | 5.60% |
Empower Small Cap Value Fund Institutional Class | 4.98% |
Empower Multi-Sector Bond Fund Institutional Class | 4.84% |
Empower Global Bond Fund Institutional Class | 4.79% |
Empower International Growth Fund Institutional Class | 4.23% |
Empower Real Estate Index Fund Institutional Class | 4.04% |
Fund (Class) | Costs of a $10,000 investment |
Costs paid as a percentage of a $10,000 investment |
Empower Moderate Profile Fund (Investor Class/MXMPX) |
$92.00 | 0.92%(a) |
(a)
|
The Fund's annualized expense ratio includes expenses borne directly by the class plus the Fund's pro-rata share of the weighted average expense ratio of the underlying funds in which it invests (0.53%).
|
Fund net assets | $1,691M |
Total number of portfolio holdings | 18 |
Total advisory fee paid | $0.8M |
Portfolio turnover rate as of the end of the reporting period | 7% |
Empower of America Contract | 16.00% |
Empower Large Cap Value Fund Institutional Class | 14.02% |
Empower International Value Fund Institutional Class | 10.55% |
Empower Mid Cap Value Fund Institutional Class | 7.66% |
Empower Large Cap Growth Fund Institutional Class | 5.60% |
Empower Small Cap Value Fund Institutional Class | 4.98% |
Empower Multi-Sector Bond Fund Institutional Class | 4.84% |
Empower Global Bond Fund Institutional Class | 4.79% |
Empower International Growth Fund Institutional Class | 4.23% |
Empower Real Estate Index Fund Institutional Class | 4.04% |
Fund (Class) | Costs of a $10,000 investment |
Costs paid as a percentage of a $10,000 investment |
Empower Moderately Aggressive Profile Fund (Institutional Class/MXHRX) |
$66.00 | 0.66%(a) |
(a)
|
The Fund's annualized expense ratio includes expenses borne directly by the class plus the Fund's pro-rata share of the weighted average expense ratio of the underlying funds in which it invests (0.59%).
|
Fund net assets | $909M |
Total number of portfolio holdings | 18 |
Total advisory fee paid | $0.5M |
Portfolio turnover rate as of the end of the reporting period | 13% |
Empower Large Cap Value Fund Institutional Class | 17.36% |
Empower International Value Fund Institutional Class | 13.08% |
Empower Mid Cap Value Fund Institutional Class | 9.50% |
Empower of America Contract | 8.99% |
Empower Large Cap Growth Fund Institutional Class | 6.98% |
Empower Small Cap Value Fund Institutional Class | 6.19% |
Empower International Growth Fund Institutional Class | 5.25% |
Empower Emerging Markets Equity Fund Institutional Class | 4.86% |
Empower T. Rowe Price Mid Cap Growth Fund Institutional Class | 3.79% |
Empower Real Estate Index Fund Institutional Class | 3.54% |
Fund (Class) | Costs of a $10,000 investment |
Costs paid as a percentage of a $10,000 investment |
Empower Moderately Aggressive Profile Fund (Investor Class/MXBPX) |
$101.00 | 1.01%(a) |
(a)
|
The Fund's annualized expense ratio includes expenses borne directly by the class plus the Fund's pro-rata share of the weighted average expense ratio of the underlying funds in which it invests (0.59%).
|
Fund net assets | $909M |
Total number of portfolio holdings | 18 |
Total advisory fee paid | $0.5M |
Portfolio turnover rate as of the end of the reporting period | 13% |
Empower Large Cap Value Fund Institutional Class | 17.36% |
Empower International Value Fund Institutional Class | 13.08% |
Empower Mid Cap Value Fund Institutional Class | 9.50% |
Empower of America Contract | 8.99% |
Empower Large Cap Growth Fund Institutional Class | 6.98% |
Empower Small Cap Value Fund Institutional Class | 6.19% |
Empower International Growth Fund Institutional Class | 5.25% |
Empower Emerging Markets Equity Fund Institutional Class | 4.86% |
Empower T. Rowe Price Mid Cap Growth Fund Institutional Class | 3.79% |
Empower Real Estate Index Fund Institutional Class | 3.54% |
Fund (Class) | Costs of a $10,000 investment |
Costs paid as a percentage of a $10,000 investment |
Empower Aggressive Profile Fund (Institutional Class/MXGTX) |
$81.00 | 0.81%(a) |
(a)
|
The Fund's annualized expense ratio includes expenses borne directly by the class plus the Fund's pro-rata share of the weighted average expense ratio of the underlying funds in which it invests (0.71%).
|
Fund net assets | $791M |
Total number of portfolio holdings | 10 |
Total advisory fee paid | $0.4M |
Portfolio turnover rate as of the end of the reporting period | 9% |
Empower Large Cap Value Fund Institutional Class | 24.23% |
Empower International Value Fund Institutional Class | 18.25% |
Empower Mid Cap Value Fund Institutional Class | 13.25% |
Empower Large Cap Growth Fund Institutional Class | 9.70% |
Empower Small Cap Value Fund Institutional Class | 8.64% |
Empower International Growth Fund Institutional Class | 7.32% |
Empower Emerging Markets Equity Fund Institutional Class | 6.79% |
Empower T. Rowe Price Mid Cap Growth Fund Institutional Class | 5.30% |
Empower Small Cap Growth Fund Institutional Class | 3.48% |
Empower Real Estate Index Fund Institutional Class | 3.04% |
Fund (Class) | Costs of a $10,000 investment |
Costs paid as a percentage of a $10,000 investment |
Empower Aggressive Profile Fund (Investor Class/MXAPX) |
$116.00 | 1.16%(a) |
(a)
|
The Fund's annualized expense ratio includes expenses borne directly by the class plus the Fund's pro-rata share of the weighted average expense ratio of the underlying funds in which it invests (0.71%).
|
Fund net assets | $791M |
Total number of portfolio holdings | 10 |
Total advisory fee paid | $0.4M |
Portfolio turnover rate as of the end of the reporting period | 9% |
Empower Large Cap Value Fund Institutional Class | 24.23% |
Empower International Value Fund Institutional Class | 18.25% |
Empower Mid Cap Value Fund Institutional Class | 13.25% |
Empower Large Cap Growth Fund Institutional Class | 9.70% |
Empower Small Cap Value Fund Institutional Class | 8.64% |
Empower International Growth Fund Institutional Class | 7.32% |
Empower Emerging Markets Equity Fund Institutional Class | 6.79% |
Empower T. Rowe Price Mid Cap Growth Fund Institutional Class | 5.30% |
Empower Small Cap Growth Fund Institutional Class | 3.48% |
Empower Real Estate Index Fund Institutional Class | 3.04% |
ITEM 2. CODE OF ETHICS.
Not required in filing.
ITEM 3. AUDIT COMMITTEE FINANCIAL EXPERT.
Not required in filing.
ITEM 4. PRINCIPAL ACCOUNTANT FEES AND SERVICES.
Not required in filing.
ITEM 5. AUDIT COMMITTEE OF LISTED REGISTRANTS.
Not applicable.
ITEM 6. INVESTMENTS.
(a) The schedule is included as part of the report to shareholders filed under Item 7 of this Form.
(b) Not applicable.
Empower Conservative Profile Fund | Empower Moderately Conservative Profile Fund |
Institutional Class Ticker / MXKVX | Institutional Class Ticker / MXJUX |
Investor Class Ticker / MXCPX | Investor Class Ticker / MXDPX |
Class L Ticker / MXIPX | Class L Ticker / MXHPX |
Empower Moderate Profile Fund | Empower Moderately Aggressive Profile Fund |
Institutional Class Ticker / MXITX | Institutional Class Ticker / MXHRX |
Investor Class Ticker / MXMPX | Investor Class Ticker / MXBPX |
Class L Ticker / MXGPX | |
Empower Aggressive Profile Fund | |
Institutional Class Ticker / MXGTX | |
Investor Class Ticker / MXAPX |
Shares | Fair Value | |
BOND MUTUAL FUNDS | ||
9,624,548 | Empower Core Bond Fund Institutional Class(a) | $ 80,846,204 |
13,716,513 | Empower Global Bond Fund Institutional Class(a) | 103,696,839 |
4,992,706 | Empower High Yield Bond Fund Institutional Class(a) | 48,978,445 |
6,019,595 | Empower Inflation-Protected Securities Fund Institutional Class(a) | 54,116,155 |
12,623,958 | Empower Multi-Sector Bond Fund Institutional Class(a) | 104,652,610 |
11,613,883 | Empower Short Duration Bond Fund Institutional Class(a) | 112,654,663 |
9,884,357 | Empower U.S. Government Mortgage Securities Fund Institutional Class(a) | 80,755,199 |
TOTAL BOND MUTUAL FUNDS - 47.36% (Cost $601,227,524) |
$585,700,115 | |
EQUITY MUTUAL FUNDS | ||
2,320,737 | Empower Emerging Markets Equity Fund Institutional Class(a) | 21,698,893 |
2,397,833 | Empower International Growth Fund Institutional Class(a) | 23,378,872 |
6,620,336 | Empower International Value Fund Institutional Class(a) | 58,258,955 |
2,526,584 | Empower Large Cap Growth Fund Institutional Class(a) | 30,975,913 |
10,188,709 | Empower Large Cap Value Fund Institutional Class(a) | 77,434,191 |
Shares | Fair Value | |
Equity Mutual Funds - (continued) | ||
4,824,498 | Empower Mid Cap Value Fund Institutional Class(a) | $ 42,310,849 |
7,477,139 | Empower Real Estate Index Fund Institutional Class(a) | 62,733,196 |
981,957 | Empower Small Cap Growth Fund Institutional Class(a) | 11,066,653 |
3,970,946 | Empower Small Cap Value Fund Institutional Class(a) | 27,598,077 |
2,690,017 | Empower T. Rowe Price Mid Cap Growth Fund Institutional Class(a) | 16,974,009 |
TOTAL EQUITY MUTUAL FUNDS - 30.12% (Cost $332,999,555) |
$372,429,608 | |
Account Balance | ||
FIXED INTEREST CONTRACT | ||
278,878,678(b) | Empower of America Contract(a) 1.85%(c) | 278,878,678 |
TOTAL FIXED INTEREST CONTRACT - 22.55% (Cost $278,878,678) |
$278,878,678 | |
TOTAL INVESTMENTS - 100.03% (Cost $1,213,105,757) |
$1,237,008,401 | |
OTHER ASSETS & LIABILITIES, NET - (0.03)% | $(335,431) | |
TOTAL NET ASSETS - 100.00% | $1,236,672,970 |
(a) | Issuer is considered an affiliate of the Fund. See Notes to the Financial Statements (Note 2). |
(b) | Account Balance and Cost represent net deposits. |
(c) | Variable rate contract which is not based on a published reference rate and spread, but determined by the issuer and is based on current market conditions. Interest rate shown reflects the rate in effect as of June 28, 2024. See Note 2 to the Financial Statements for further information. |
Shares | Fair Value | |
BOND MUTUAL FUNDS | ||
3,969,825 | Empower Core Bond Fund Institutional Class(a) | $ 33,346,528 |
5,653,591 | Empower Global Bond Fund Institutional Class(a) | 42,741,152 |
2,055,546 | Empower High Yield Bond Fund Institutional Class(a) | 20,164,908 |
2,478,518 | Empower Inflation-Protected Securities Fund Institutional Class(a) | 22,281,874 |
5,199,609 | Empower Multi-Sector Bond Fund Institutional Class(a) | 43,104,768 |
1,918,424 | Empower Short Duration Bond Fund Institutional Class(a) | 18,608,710 |
4,076,531 | Empower U.S. Government Mortgage Securities Fund Institutional Class(a) | 33,305,255 |
TOTAL BOND MUTUAL FUNDS - 32.94% (Cost $221,389,683) |
$213,553,195 | |
EQUITY MUTUAL FUNDS | ||
1,968,054 | Empower Emerging Markets Equity Fund Institutional Class(a) | 18,401,308 |
2,034,934 | Empower International Growth Fund Institutional Class(a) | 19,840,603 |
5,630,027 | Empower International Value Fund Institutional Class(a) | 49,544,240 |
2,136,075 | Empower Large Cap Growth Fund Institutional Class(a) | 26,188,272 |
8,660,846 | Empower Large Cap Value Fund Institutional Class(a) | 65,822,431 |
4,100,876 | Empower Mid Cap Value Fund Institutional Class(a) | 35,964,681 |
Shares | Fair Value | |
Equity Mutual Funds - (continued) | ||
3,510,994 | Empower Real Estate Index Fund Institutional Class(a) | $ 29,457,237 |
827,933 | Empower Small Cap Growth Fund Institutional Class(a) | 9,330,805 |
3,365,618 | Empower Small Cap Value Fund Institutional Class(a) | 23,391,046 |
2,270,918 | Empower T. Rowe Price Mid Cap Growth Fund Institutional Class(a) | 14,329,496 |
TOTAL EQUITY MUTUAL FUNDS - 45.08% (Cost $266,359,510) |
$292,270,119 | |
Account Balance | ||
FIXED INTEREST CONTRACT | ||
142,654,006(b) | Empower of America Contract(a) 1.85%(c) | 142,654,006 |
TOTAL FIXED INTEREST CONTRACT - 22.01% (Cost $142,654,006) |
$142,654,006 | |
TOTAL INVESTMENTS - 100.03% (Cost $630,403,199) |
$648,477,320 | |
OTHER ASSETS & LIABILITIES, NET - (0.03)% | $(177,927) | |
TOTAL NET ASSETS - 100.00% | $648,299,393 |
(a) | Issuer is considered an affiliate of the Fund. See Notes to the Financial Statements (Note 2). |
(b) | Account Balance and Cost represent net deposits. |
(c) | Variable rate contract which is not based on a published reference rate and spread, but determined by the issuer and is based on current market conditions. Interest rate shown reflects the rate in effect as of June 28, 2024. See Note 2 to the Financial Statements for further information. |
Shares | Fair Value | |
BOND MUTUAL FUNDS | ||
7,532,767 | Empower Core Bond Fund Institutional Class(a) | $ 63,275,241 |
10,721,295 | Empower Global Bond Fund Institutional Class(a) | 81,052,993 |
3,893,322 | Empower High Yield Bond Fund Institutional Class(a) | 38,193,495 |
4,697,930 | Empower Inflation-Protected Securities Fund Institutional Class(a) | 42,234,393 |
9,872,106 | Empower Multi-Sector Bond Fund Institutional Class(a) | 81,839,759 |
3,623,695 | Empower Short Duration Bond Fund Institutional Class(a) | 35,149,838 |
7,740,304 | Empower U.S. Government Mortgage Securities Fund Institutional Class(a) | 63,238,282 |
TOTAL BOND MUTUAL FUNDS - 23.95% (Cost $444,919,881) |
$404,984,001 | |
EQUITY MUTUAL FUNDS | ||
7,093,170 | Empower Emerging Markets Equity Fund Institutional Class(a) | 66,321,133 |
7,332,174 | Empower International Growth Fund Institutional Class(a) | 71,488,699 |
20,280,502 | Empower International Value Fund Institutional Class(a) | 178,468,420 |
7,727,161 | Empower Large Cap Growth Fund Institutional Class(a) | 94,735,002 |
31,193,654 | Empower Large Cap Value Fund Institutional Class(a) | 237,071,774 |
Shares | Fair Value | |
Equity Mutual Funds - (continued) | ||
14,767,534 | Empower Mid Cap Value Fund Institutional Class(a) | $ 129,511,274 |
8,141,545 | Empower Real Estate Index Fund Institutional Class(a) | 68,307,562 |
3,009,994 | Empower Small Cap Growth Fund Institutional Class(a) | 33,922,629 |
12,127,871 | Empower Small Cap Value Fund Institutional Class(a) | 84,288,706 |
8,204,044 | Empower T. Rowe Price Mid Cap Growth Fund Institutional Class(a) | 51,767,519 |
TOTAL EQUITY MUTUAL FUNDS - 60.08% (Cost $968,516,723) |
$1,015,882,718 | |
Account Balance | ||
FIXED INTEREST CONTRACT | ||
270,539,592(b) | Empower of America Contract(a) 1.85%(c) | 270,539,592 |
TOTAL FIXED INTEREST CONTRACT - 16.00% (Cost $270,539,592) |
$270,539,592 | |
TOTAL INVESTMENTS - 100.03% (Cost $1,683,976,196) |
$1,691,406,311 | |
OTHER ASSETS & LIABILITIES, NET - (0.03)% | $(493,161) | |
TOTAL NET ASSETS - 100.00% | $1,690,913,150 |
(a) | Issuer is considered an affiliate of the Fund. See Notes to the Financial Statements (Note 2). |
(b) | Account Balance and Cost represent net deposits. |
(c) | Variable rate contract which is not based on a published reference rate and spread, but determined by the issuer and is based on current market conditions. Interest rate shown reflects the rate in effect as of June 28, 2024. See Note 2 to the Financial Statements for further information. |
Shares | Fair Value | |
BOND MUTUAL FUNDS | ||
2,727,208 | Empower Core Bond Fund Institutional Class(a) | $ 22,908,542 |
3,884,194 | Empower Global Bond Fund Institutional Class(a) | 29,364,504 |
1,416,054 | Empower High Yield Bond Fund Institutional Class(a) | 13,891,486 |
1,705,390 | Empower Inflation-Protected Securities Fund Institutional Class(a) | 15,331,458 |
3,583,124 | Empower Multi-Sector Bond Fund Institutional Class(a) | 29,704,102 |
3,013,165 | Empower Short Duration Bond Fund Institutional Class(a) | 29,227,704 |
2,801,870 | Empower U.S. Government Mortgage Securities Fund Institutional Class(a) | 22,891,280 |
TOTAL BOND MUTUAL FUNDS - 17.98% (Cost $170,641,352) |
$163,319,076 | |
EQUITY MUTUAL FUNDS | ||
4,727,270 | Empower Emerging Markets Equity Fund Institutional Class(a) | 44,199,969 |
4,891,848 | Empower International Growth Fund Institutional Class(a) | 47,695,521 |
13,513,500 | Empower International Value Fund Institutional Class(a) | 118,918,804 |
5,175,706 | Empower Large Cap Growth Fund Institutional Class(a) | 63,454,161 |
20,764,498 | Empower Large Cap Value Fund Institutional Class(a) | 157,810,191 |
9,840,209 | Empower Mid Cap Value Fund Institutional Class(a) | 86,298,633 |
Shares | Fair Value | |
Equity Mutual Funds - (continued) | ||
3,832,164 | Empower Real Estate Index Fund Institutional Class(a) | $ 32,151,853 |
2,009,599 | Empower Small Cap Growth Fund Institutional Class(a) | 22,648,181 |
8,094,169 | Empower Small Cap Value Fund Institutional Class(a) | 56,254,475 |
5,457,214 | Empower T. Rowe Price Mid Cap Growth Fund Institutional Class(a) | 34,435,022 |
TOTAL EQUITY MUTUAL FUNDS - 73.06% (Cost $637,273,026) |
$663,866,810 | |
Account Balance | ||
FIXED INTEREST CONTRACT | ||
81,698,123(b) | Empower of America Contract(a) 1.85%(c) | 81,698,123 |
TOTAL FIXED INTEREST CONTRACT - 8.99% (Cost $81,698,123) |
$81,698,123 | |
TOTAL INVESTMENTS - 100.03% (Cost $889,612,501) |
$908,884,009 | |
OTHER ASSETS & LIABILITIES, NET - (0.03)% | $(267,566) | |
TOTAL NET ASSETS - 100.00% | $908,616,443 |
(a) | Issuer is considered an affiliate of the Fund. See Notes to the Financial Statements (Note 2). |
(b) | Account Balance and Cost represent net deposits. |
(c) | Variable rate contract which is not based on a published reference rate and spread, but determined by the issuer and is based on current market conditions. Interest rate shown reflects the rate in effect as of June 28, 2024. See Note 2 to the Financial Statements for further information. |
Shares | Fair Value | |
EQUITY MUTUAL FUNDS | ||
5,743,292 | Empower Emerging Markets Equity Fund Institutional Class(a) | $ 53,699,775 |
5,937,136 | Empower International Growth Fund Institutional Class(a) | 57,887,083 |
16,408,957 | Empower International Value Fund Institutional Class(a) | 144,398,821 |
6,257,519 | Empower Large Cap Growth Fund Institutional Class(a) | 76,717,191 |
25,225,564 | Empower Large Cap Value Fund Institutional Class(a) | 191,714,287 |
11,953,298 | Empower Mid Cap Value Fund Institutional Class(a) | 104,830,425 |
2,865,318 | Empower Real Estate Index Fund Institutional Class(a) | 24,040,015 |
2,442,861 | Empower Small Cap Growth Fund Institutional Class(a) | 27,531,044 |
Shares | Fair Value | |
Equity Mutual Funds - (continued) | ||
9,838,887 | Empower Small Cap Value Fund Institutional Class(a) | $ 68,380,267 |
6,642,833 | Empower T. Rowe Price Mid Cap Growth Fund Institutional Class(a) | 41,916,276 |
TOTAL EQUITY MUTUAL FUNDS - 100.03% (Cost $758,651,421) |
$791,115,184 | |
TOTAL INVESTMENTS - 100.03% (Cost $758,651,421) |
$791,115,184 | |
OTHER ASSETS & LIABILITIES, NET - (0.03)% | $(237,895) | |
TOTAL NET ASSETS - 100.00% | $790,877,289 |
(a) | Issuer is considered an affiliate of the Fund. See Notes to the Financial Statements (Note 2). |
Empower Conservative Profile Fund |
Empower Moderately Conservative Profile Fund |
Empower Moderate Profile Fund |
|||
ASSETS: | |||||
Investments at fair value, affiliated(a) | $1,237,008,401 | $648,477,320 | $1,691,406,311 | ||
Subscriptions receivable | 1,867,275 | 701,303 | 3,502,708 | ||
Receivable for investments sold | 22,768 | 366,303 | 402,389 | ||
Total Assets | 1,238,898,444 | 649,544,926 | 1,695,311,408 | ||
LIABILITIES: | |||||
Payable for distribution fees | 976 | 3,387 | 20,774 | ||
Payable for investments purchased | 317,220 | - | 2,760,648 | ||
Payable for shareholder services fees | 314,734 | 163,193 | 416,080 | ||
Payable to investment adviser | 19,721 | 11,347 | 56,307 | ||
Redemptions payable | 1,572,823 | 1,067,606 | 1,144,449 | ||
Total Liabilities | 2,225,474 | 1,245,533 | 4,398,258 | ||
NET ASSETS | $1,236,672,970 | $648,299,393 | $1,690,913,150 | ||
NET ASSETS REPRESENTED BY: | |||||
Capital stock, $0.10 par value | $16,190,218 | $7,808,889 | $24,267,799 | ||
Paid-in capital in excess of par | 1,283,222,206 | 670,277,900 | 1,887,288,131 | ||
Undistributed/accumulated deficit | (62,739,454) | (29,787,396) | (220,642,780) | ||
NET ASSETS | $1,236,672,970 | $648,299,393 | $1,690,913,150 | ||
NET ASSETS BY CLASS | |||||
Investor Class | $1,172,868,687 | $590,158,841 | $1,452,836,866 | ||
Class L | $6,151,306 | $17,497,551 | $109,572,491 | ||
Institutional Class | $57,652,977 | $40,643,001 | $128,503,793 | ||
CAPITAL STOCK: | |||||
Authorized | |||||
Investor Class | 800,000,000 | 380,000,000 | 1,050,000,000 | ||
Class L | 120,000,000 | 70,000,000 | 130,000,000 | ||
Institutional Class | 30,000,000 | 60,000,000 | 85,000,000 | ||
Issued and Outstanding | |||||
Investor Class | 155,344,296 | 72,121,310 | 220,939,343 | ||
Class L | 665,312 | 1,838,443 | 9,673,841 | ||
Institutional Class | 5,892,575 | 4,129,137 | 12,064,806 | ||
NET ASSET VALUE, REDEMPTION PRICE AND OFFERING PRICE PER SHARE: | |||||
Investor Class | $7.55 | $8.18 | $6.58 | ||
Class L | $9.25 | $9.52 | $11.33 | ||
Institutional Class | $9.78 | $9.84 | $10.65 | ||
(a) Cost of investments, affiliated | $1,213,105,757 | $630,403,199 | $1,683,976,196 |
Empower Moderately Aggressive Profile Fund |
Empower Aggressive Profile Fund |
||
ASSETS: | |||
Investments at fair value, affiliated(a) | $908,884,009 | $791,115,184 | |
Subscriptions receivable | 2,251,788 | 1,137,280 | |
Receivable for investments sold | 14,525 | - | |
Total Assets | 911,150,322 | 792,252,464 | |
LIABILITIES: | |||
Payable for investments purchased | 992,434 | 681,434 | |
Payable for shareholder services fees | 220,400 | 177,865 | |
Payable to investment adviser | 47,166 | 60,030 | |
Redemptions payable | 1,273,879 | 455,846 | |
Total Liabilities | 2,533,879 | 1,375,175 | |
NET ASSETS | $908,616,443 | $790,877,289 | |
NET ASSETS REPRESENTED BY: | |||
Capital stock, $0.10 par value | $12,386,796 | $12,544,923 | |
Paid-in capital in excess of par | 1,007,622,697 | 885,259,476 | |
Undistributed/accumulated deficit | (111,393,050) | (106,927,110) | |
NET ASSETS | $908,616,443 | $790,877,289 | |
NET ASSETS BY CLASS | |||
Investor Class | $829,660,829 | $675,356,684 | |
Institutional Class | $78,955,614 | $115,520,605 | |
CAPITAL STOCK: | |||
Authorized | |||
Investor Class | 570,000,000 | 480,000,000 | |
Institutional Class | 75,000,000 | 85,000,000 | |
Issued and Outstanding | |||
Investor Class | 116,046,627 | 115,143,209 | |
Institutional Class | 7,821,334 | 10,306,018 | |
NET ASSET VALUE, REDEMPTION PRICE AND OFFERING PRICE PER SHARE: | |||
Investor Class | $7.15 | $5.87 | |
Institutional Class | $10.09 | $11.21 | |
(a) Cost of investments, affiliated | $889,612,501 | $758,651,421 |
Empower Conservative Profile Fund |
Empower Moderately Conservative Profile Fund |
Empower Moderate Profile Fund |
|||
INVESTMENT INCOME: | |||||
Interest, affiliated | $2,801,097 | $1,402,878 | $2,342,878 | ||
Total Income | 2,801,097 | 1,402,878 | 2,342,878 | ||
EXPENSES: | |||||
Management fees | 677,918 | 347,835 | 797,882 | ||
Shareholder services fees - Investor Class | 2,252,970 | 1,115,642 | 2,368,951 | ||
Shareholder services fees - Class L | 9,523 | 33,262 | 204,003 | ||
Distribution fees - Class L | 6,756 | 23,634 | 144,895 | ||
Total Expenses | 2,947,167 | 1,520,373 | 3,515,731 | ||
Less management fees waived | 536,753 | 268,750 | 447,829 | ||
Net Expenses | 2,410,414 | 1,251,623 | 3,067,902 | ||
NET INVESTMENT INCOME (LOSS) | 390,683 | 151,255 | (725,024) | ||
NET REALIZED AND UNREALIZED GAIN (LOSS): | |||||
Net realized gain (loss) on investments, affiliated | (32,303,856) | (15,239,047) | 8,016,928 | ||
Net Realized Gain (Loss) | (32,303,856) | (15,239,047) | 8,016,928 | ||
Net change in unrealized appreciation on investments, affiliated | 62,166,186 | 39,285,060 | 68,047,824 | ||
Net Change in Unrealized Appreciation | 62,166,186 | 39,285,060 | 68,047,824 | ||
Net Realized and Unrealized Gain | 29,862,330 | 24,046,013 | 76,064,752 | ||
NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS | $30,253,013 | $24,197,268 | $75,339,728 |
Empower Moderately Aggressive Profile Fund |
Empower Aggressive Profile Fund |
||
INVESTMENT INCOME: | |||
Interest, affiliated | $768,517 | $- | |
Total Income | 768,517 | - | |
EXPENSES: | |||
Management fees | 465,868 | 391,968 | |
Shareholder services fees - Investor Class | 1,503,695 | 1,172,764 | |
Total Expenses | 1,969,563 | 1,564,732 | |
Less management fees waived | 147,178 | - | |
Net Expenses | 1,822,385 | 1,564,732 | |
NET INVESTMENT LOSS | (1,053,868) | (1,564,732) | |
NET REALIZED AND UNREALIZED GAIN (LOSS): | |||
Net realized loss on investments, affiliated | (31,577,066) | (7,156) | |
Net Realized Loss | (31,577,066) | (7,156) | |
Net change in unrealized appreciation on investments, affiliated | 86,754,476 | 64,033,503 | |
Net Change in Unrealized Appreciation | 86,754,476 | 64,033,503 | |
Net Realized and Unrealized Gain | 55,177,410 | 64,026,347 | |
NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS | $54,123,542 | $62,461,615 |
Empower Conservative Profile Fund |
2024 (Unaudited) |
2023 | |
OPERATIONS: | |||
Net investment income | $390,683 | $30,233,246 | |
Net realized gain (loss) | (32,303,856) | 13,672,390 | |
Net change in unrealized appreciation | 62,166,186 | 58,646,419 | |
Net Increase in Net Assets Resulting from Operations | 30,253,013 | 102,552,055 | |
DISTRIBUTIONS TO SHAREHOLDERS: | |||
From net investment income and net realized gains | |||
Investor Class | - | (44,100,867) | |
Class L | - | (212,640) | |
Institutional Class | - | (1,839,217) | |
From Net Investment Income and Net Realized Gains | 0 | (46,152,724) | |
CAPITAL SHARE TRANSACTIONS: | |||
Shares sold | |||
Investor Class | 285,506,018 | 795,487,625 | |
Class L | 1,538,365 | 1,328,742 | |
Institutional Class | 9,031,711 | 39,660,744 | |
Shares issued in reinvestment of distributions | |||
Investor Class | - | 44,100,867 | |
Class L | - | 212,640 | |
Institutional Class | - | 1,839,217 | |
Shares redeemed | |||
Investor Class | (493,045,952) | (369,057,144) | |
Class L | (2,340,283) | (2,572,726) | |
Institutional Class | (20,234,226) | (13,943,373) | |
Net Increase (Decrease) in Net Assets Resulting from Capital Share Transactions | (219,544,367) | 497,056,592 | |
Total Increase (Decrease) in Net Assets | (189,291,354) | 553,455,923 | |
NET ASSETS: | |||
Beginning of Period | 1,425,964,324 | 872,508,401 | |
End of Period | $1,236,672,970 | $1,425,964,324 | |
CAPITAL SHARE TRANSACTIONS - SHARES: | |||
Shares sold | |||
Investor Class | 38,431,369 | 111,461,053 | |
Class L | 167,252 | 152,082 | |
Institutional Class | 938,971 | 4,323,724 | |
Shares issued in reinvestment of distributions | |||
Investor Class | - | 6,030,954 | |
Class L | - | 23,960 | |
Institutional Class | - | 194,660 | |
Shares redeemed | |||
Investor Class | (66,334,973) | (50,815,091) | |
Class L | (258,116) | (290,692) | |
Institutional Class | (2,094,568) | (1,497,939) | |
Net Increase (Decrease) | (29,150,065) | 69,582,711 |
Empower Moderately Conservative Profile Fund |
2024 (Unaudited) |
2023 | |
OPERATIONS: | |||
Net investment income | $151,255 | $15,174,860 | |
Net realized gain (loss) | (15,239,047) | 13,666,144 | |
Net change in unrealized appreciation | 39,285,060 | 32,415,574 | |
Net Increase in Net Assets Resulting from Operations | 24,197,268 | 61,256,578 | |
DISTRIBUTIONS TO SHAREHOLDERS: | |||
From net investment income and net realized gains | |||
Investor Class | - | (29,001,630) | |
Class L | - | (858,767) | |
Institutional Class | - | (1,706,527) | |
From Net Investment Income and Net Realized Gains | 0 | (31,566,924) | |
CAPITAL SHARE TRANSACTIONS: | |||
Shares sold | |||
Investor Class | 201,462,137 | 406,133,933 | |
Class L | 397,281 | 497,796 | |
Institutional Class | 6,420,274 | 15,429,099 | |
Shares issued in reinvestment of distributions | |||
Investor Class | - | 29,001,630 | |
Class L | - | 858,767 | |
Institutional Class | - | 1,706,527 | |
Shares redeemed | |||
Investor Class | (288,759,776) | (267,824,474) | |
Class L | (3,360,410) | (4,429,558) | |
Institutional Class | (6,500,349) | (6,106,537) | |
Net Increase (Decrease) in Net Assets Resulting from Capital Share Transactions | (90,340,843) | 175,267,183 | |
Total Increase (Decrease) in Net Assets | (66,143,575) | 204,956,837 | |
NET ASSETS: | |||
Beginning of Period | 714,442,968 | 509,486,131 | |
End of Period | $648,299,393 | $714,442,968 | |
CAPITAL SHARE TRANSACTIONS - SHARES: | |||
Shares sold | |||
Investor Class | 25,127,397 | 52,723,750 | |
Class L | 43,850 | 55,101 | |
Institutional Class | 661,759 | 1,666,707 | |
Shares issued in reinvestment of distributions | |||
Investor Class | - | 3,701,495 | |
Class L | - | 94,836 | |
Institutional Class | - | 181,823 | |
Shares redeemed | |||
Investor Class | (35,925,414) | (34,329,861) | |
Class L | (356,869) | (495,647) | |
Institutional Class | (672,012) | (654,483) | |
Net Increase (Decrease) | (11,121,289) | 22,943,721 |
Empower Moderate Profile Fund |
2024 (Unaudited) |
2023 | |
OPERATIONS: | |||
Net investment income (loss) | $(725,024) | $34,943,320 | |
Net realized gain | 8,016,928 | 36,030,906 | |
Net change in unrealized appreciation | 68,047,824 | 97,613,235 | |
Net Increase in Net Assets Resulting from Operations | 75,339,728 | 168,587,461 | |
DISTRIBUTIONS TO SHAREHOLDERS: | |||
From net investment income and net realized gains | |||
Investor Class | - | (61,198,068) | |
Class L | - | (3,501,402) | |
Institutional Class | - | (4,020,475) | |
From Net Investment Income and Net Realized Gains | 0 | (68,719,945) | |
CAPITAL SHARE TRANSACTIONS: | |||
Shares sold | |||
Investor Class | 356,597,485 | 532,220,958 | |
Class L | 192,546 | 996,852 | |
Institutional Class | 16,626,295 | 41,817,822 | |
Shares issued in reinvestment of distributions | |||
Investor Class | - | 61,198,068 | |
Class L | - | 3,501,402 | |
Institutional Class | - | 4,020,475 | |
Shares redeemed | |||
Investor Class | (270,095,734) | (610,095,686) | |
Class L | (21,618,051) | (34,383,926) | |
Institutional Class | (21,411,373) | (22,757,863) | |
Net Increase (Decrease) in Net Assets Resulting from Capital Share Transactions | 60,291,168 | (23,481,898) | |
Total Increase in Net Assets | 135,630,896 | 76,385,618 | |
NET ASSETS: | |||
Beginning of Period | 1,555,282,254 | 1,478,896,636 | |
End of Period | $1,690,913,150 | $1,555,282,254 | |
CAPITAL SHARE TRANSACTIONS - SHARES: | |||
Shares sold | |||
Investor Class | 55,393,863 | 87,322,982 | |
Class L | 17,004 | 94,980 | |
Institutional Class | 1,593,069 | 4,336,850 | |
Shares issued in reinvestment of distributions | |||
Investor Class | - | 9,958,540 | |
Class L | - | 336,135 | |
Institutional Class | - | 405,732 | |
Shares redeemed | |||
Investor Class | (41,991,338) | (100,155,117) | |
Class L | (1,946,023) | (3,305,558) | |
Institutional Class | (2,042,183) | (2,345,813) | |
Net Increase (Decrease) | 11,024,392 | (3,351,269) |
Empower Moderately Aggressive Profile Fund |
2024 (Unaudited) |
2023 | |
OPERATIONS: | |||
Net investment income (loss) | $(1,053,868) | $19,253,589 | |
Net realized gain (loss) | (31,577,066) | 9,601,273 | |
Net change in unrealized appreciation | 86,754,476 | 81,350,508 | |
Net Increase in Net Assets Resulting from Operations | 54,123,542 | 110,205,370 | |
DISTRIBUTIONS TO SHAREHOLDERS: | |||
From net investment income and net realized gains | |||
Investor Class | - | (41,126,313) | |
Institutional Class | - | (2,820,387) | |
From Net Investment Income and Net Realized Gains | 0 | (43,946,700) | |
CAPITAL SHARE TRANSACTIONS: | |||
Shares sold | |||
Investor Class | 254,230,496 | 446,594,408 | |
Institutional Class | 9,677,793 | 17,760,758 | |
Shares issued in reinvestment of distributions | |||
Investor Class | - | 41,126,313 | |
Institutional Class | - | 2,820,387 | |
Shares redeemed | |||
Investor Class | (347,452,844) | (339,426,462) | |
Institutional Class | (6,436,092) | (10,191,075) | |
Net Increase (Decrease) in Net Assets Resulting from Capital Share Transactions | (89,980,647) | 158,684,329 | |
Total Increase (Decrease) in Net Assets | (35,857,105) | 224,942,999 | |
NET ASSETS: | |||
Beginning of Period | 944,473,548 | 719,530,549 | |
End of Period | $908,616,443 | $944,473,548 | |
CAPITAL SHARE TRANSACTIONS - SHARES: | |||
Shares sold | |||
Investor Class | 36,498,445 | 69,152,510 | |
Institutional Class | 974,865 | 1,948,401 | |
Shares issued in reinvestment of distributions | |||
Investor Class | - | 6,236,944 | |
Institutional Class | - | 304,679 | |
Shares redeemed | |||
Investor Class | (49,737,988) | (51,805,396) | |
Institutional Class | (653,687) | (1,121,993) | |
Net Increase (Decrease) | (12,918,365) | 24,715,145 |
Empower Aggressive Profile Fund |
2024 (Unaudited) |
2023 | |
OPERATIONS: | |||
Net investment income (loss) | $(1,564,732) | $14,321,510 | |
Net realized gain (loss) | (7,156) | 30,667,537 | |
Net change in unrealized appreciation | 64,033,503 | 64,437,839 | |
Net Increase in Net Assets Resulting from Operations | 62,461,615 | 109,426,886 | |
DISTRIBUTIONS TO SHAREHOLDERS: | |||
From net investment income and net realized gains | |||
Investor Class | - | (31,652,435) | |
Institutional Class | - | (3,942,059) | |
From Net Investment Income and Net Realized Gains | 0 | (35,594,494) | |
CAPITAL SHARE TRANSACTIONS: | |||
Shares sold | |||
Investor Class | 128,128,966 | 302,498,228 | |
Institutional Class | 11,263,314 | 19,650,057 | |
Shares issued in reinvestment of distributions | |||
Investor Class | - | 31,652,435 | |
Institutional Class | - | 3,942,059 | |
Shares redeemed | |||
Investor Class | (177,798,948) | (186,829,550) | |
Institutional Class | (17,811,227) | (23,792,423) | |
Net Increase (Decrease) in Net Assets Resulting from Capital Share Transactions | (56,217,895) | 147,120,806 | |
Total Increase in Net Assets | 6,243,720 | 220,953,198 | |
NET ASSETS: | |||
Beginning of Period | 784,633,569 | 563,680,371 | |
End of Period | $790,877,289 | $784,633,569 | |
CAPITAL SHARE TRANSACTIONS - SHARES: | |||
Shares sold | |||
Investor Class | 22,582,656 | 59,539,111 | |
Institutional Class | 1,033,604 | 2,012,362 | |
Shares issued in reinvestment of distributions | |||
Investor Class | - | 5,973,701 | |
Institutional Class | - | 395,322 | |
Shares redeemed | |||
Investor Class | (31,250,226) | (35,955,516) | |
Institutional Class | (1,618,478) | (2,455,249) | |
Net Increase (Decrease) | (9,252,444) | 29,509,731 |
Income (Loss) from Investment Operations: | Less Distributions: | ||||||||
Net asset value, beginning of period |
Net investment income (loss)(a) |
Net realized and unrealized gain (loss) |
Total from investment operations |
From net investment income |
From net realized gains |
Total Distributions |
Net asset value, end of period |
Total Return(b)(c) |
|
Investor Class | |||||||||
06/28/2024 (Unaudited) | $7.38 | 0.00(d) | 0.17 | 0.17 | - | - | - | $7.55 | 2.30%(e) |
12/31/2023 | $7.11 | 0.22 | 0.35 | 0.57 | (0.22) | (0.08) | (0.30) | $7.38 | 8.25% |
12/31/2022 | $8.39 | 0.13 | (0.96) | (0.83) | (0.14) | (0.31) | (0.45) | $7.11 | (9.93%) |
12/31/2021 | $8.30 | 0.21 | 0.32 | 0.53 | (0.21) | (0.23) | (0.44) | $8.39 | 6.35% |
12/31/2020 | $7.87 | 0.22 | 0.42 | 0.64 | (0.16) | (0.05) | (0.21) | $8.30 | 8.21% |
12/31/2019 | $7.49 | 0.15 | 0.71 | 0.86 | (0.18) | (0.30) | (0.48) | $7.87 | 11.54% |
Class L | |||||||||
06/28/2024 (Unaudited) | $9.05 | (0.01)(f) | 0.21 | 0.20 | - | - | - | $9.25 | 2.21%(e) |
12/31/2023 | $8.63 | 0.30 | 0.38 | 0.68 | (0.18) | (0.08) | (0.26) | $9.05 | 8.03% |
12/31/2022 | $10.06 | 0.29 | (1.31) | (1.02) | (0.10) | (0.31) | (0.41) | $8.63 | (10.15%) |
12/31/2021 | $9.85 | 0.41 | 0.19 | 0.60 | (0.16) | (0.23) | (0.39) | $10.06 | 6.08% |
12/31/2020 | $9.27 | 0.10 | 0.63 | 0.73 | (0.10) | (0.05) | (0.15) | $9.85 | 7.93% |
12/31/2019 | $8.74 | 0.17 | 0.80 | 0.97 | (0.14) | (0.30) | (0.44) | $9.27 | 11.22% |
Institutional Class | |||||||||
06/28/2024 (Unaudited) | $9.54 | 0.02 | 0.22 | 0.24 | - | - | - | $9.78 | 2.52%(e) |
12/31/2023 | $9.11 | 0.48 | 0.29 | 0.77 | (0.26) | (0.08) | (0.34) | $9.54 | 8.61% |
12/31/2022 | $10.63 | 0.22 | (1.24) | (1.02) | (0.19) | (0.31) | (0.50) | $9.11 | (9.65%) |
12/31/2021 | $10.42 | 0.34 | 0.36 | 0.70 | (0.26) | (0.23) | (0.49) | $10.63 | 6.64% |
12/31/2020 | $9.83 | 0.24 | 0.59 | 0.83 | (0.19) | (0.05) | (0.24) | $10.42 | 8.63% |
12/31/2019 | $9.26 | 0.23 | 0.86 | 1.09 | (0.22) | (0.30) | (0.52) | $9.83 | 11.87% |
Net assets, end of period (000) |
Ratio of expenses to average net assets (before reimbursement and/or waiver, if applicable)(g) |
Ratio of expenses to average net assets (after reimbursement and/or waiver, if applicable)(g) |
Ratio of net investment income (loss) to average net assets (after reimbursement and/or waiver, if applicable)(g) |
Portfolio turnover rate(h) |
||
Supplemental Data and Ratios | ||||||
Investor Class | ||||||
06/28/2024 (Unaudited) | $1,172,869 | 0.45%(i) | 0.37%(i) | 0.04%(i) | 10%(e) | |
12/31/2023 | $1,351,863 | 0.45% | 0.37% | 2.98% | 14% | |
12/31/2022 | $828,305 | 0.45% | 0.37% | 1.74% | 16% | |
12/31/2021 | $1,030,963 | 0.45% | 0.37% | 2.46% | 16% | |
12/31/2020 | $895,918 | 0.45% | 0.37% | 2.73% | 30% | |
12/31/2019 | $213,762 | 0.45% | 0.37% | 1.95% | 20% | |
Class L | ||||||
06/28/2024 (Unaudited) | $6,151 | 0.70%(i) | 0.62%(i) | (0.20%)(i) | 10%(e) | |
12/31/2023 | $6,840 | 0.70% | 0.62% | 3.45% | 14% | |
12/31/2022 | $7,513 | 0.70% | 0.62% | 3.15% | 16% | |
12/31/2021 | $9,557 | 0.70% | 0.62% | 3.99% | 16% | |
12/31/2020 | $10,027 | 0.70% | 0.62% | 1.11% | 30% | |
12/31/2019 | $605,779 | 0.70% | 0.62% | 1.83% | 20% | |
Institutional Class | ||||||
06/28/2024 (Unaudited) | $57,653 | 0.10%(i) | 0.02%(i) | 0.39%(i) | 10%(e) | |
12/31/2023 | $67,262 | 0.10% | 0.02% | 5.17% | 14% | |
12/31/2022 | $36,690 | 0.10% | 0.02% | 2.25% | 16% | |
12/31/2021 | $39,423 | 0.10% | 0.02% | 3.20% | 16% | |
12/31/2020 | $33,198 | 0.10% | 0.02% | 2.48% | 30% | |
12/31/2019 | $40,399 | 0.10% | 0.02% | 2.36% | 20% |
(a) | Per share amounts are based upon average shares outstanding. |
(b) | Total return does not include any fees or expenses of variable insurance contracts, if applicable. If such fees or expenses were included, the return shown would have been lower. |
(c) | Total return shown net of expenses reimbursed and/or waived, if applicable. Without the expense reimbursement and/or waiver, the return shown would have been lower. |
(d) | Amount was less than $0.01 per share. |
(e) | Not annualized for periods less than one full year. |
(f) | The per share amount does not correspond to activity reflected in the Statement of Operations due to class specific expenses during the period. |
(g) | Expense ratio and income ratio do not include expenses of the underlying investments in which the Fund invests. |
(h) | Portfolio turnover is calculated at the Fund level. |
(i) | Annualized. |
Income (Loss) from Investment Operations: | Less Distributions: | ||||||||
Net asset value, beginning of period |
Net investment income (loss)(a) |
Net realized and unrealized gain (loss) |
Total from investment operations |
From net investment income |
From net realized gains |
Total Distributions |
Net asset value, end of period |
Total Return(b)(c) |
|
Investor Class | |||||||||
06/28/2024 (Unaudited) | $7.90 | 0.00(d) | 0.28 | 0.28 | - | - | - | $8.18 | 3.54%(e) |
12/31/2023 | $7.58 | 0.20 | 0.54 | 0.74 | (0.25) | (0.17) | (0.42) | $7.90 | 9.90% |
12/31/2022 | $9.14 | 0.13 | (1.12) | (0.99) | (0.14) | (0.43) | (0.57) | $7.58 | (10.82%) |
12/31/2021 | $8.95 | 0.29 | 0.53 | 0.82 | (0.29) | (0.34) | (0.63) | $9.14 | 9.13% |
12/31/2020 | $8.38 | 0.23 | 0.55 | 0.78 | (0.10) | (0.11) | (0.21) | $8.95 | 9.57% |
12/31/2019 | $7.88 | 0.15 | 0.97 | 1.12 | (0.16) | (0.46) | (0.62) | $8.38 | 14.45% |
Class L | |||||||||
06/28/2024 (Unaudited) | $9.20 | (0.01)(f) | 0.33 | 0.32 | - | - | - | $9.52 | 3.48%(e) |
12/31/2023 | $8.75 | 0.35 | 0.48 | 0.83 | (0.21) | (0.17) | (0.38) | $9.20 | 9.62% |
12/31/2022 | $10.44 | 0.15 | (1.30) | (1.15) | (0.11) | (0.43) | (0.54) | $8.75 | (11.01%) |
12/31/2021 | $10.13 | 0.32 | 0.58 | 0.90 | (0.25) | (0.34) | (0.59) | $10.44 | 8.88% |
12/31/2020 | $9.45 | 0.09 | 0.76 | 0.85 | (0.06) | (0.11) | (0.17) | $10.13 | 9.16% |
12/31/2019 | $8.81 | 0.16 | 1.07 | 1.23 | (0.13) | (0.46) | (0.59) | $9.45 | 14.14% |
Institutional Class | |||||||||
06/28/2024 (Unaudited) | $9.49 | 0.02 | 0.33 | 0.35 | - | - | - | $9.84 | 3.69%(e) |
12/31/2023 | $9.02 | 0.48 | 0.44 | 0.92 | (0.28) | (0.17) | (0.45) | $9.49 | 10.34% |
12/31/2022 | $10.77 | 0.22 | (1.35) | (1.13) | (0.19) | (0.43) | (0.62) | $9.02 | (10.48%) |
12/31/2021 | $10.45 | 0.44 | 0.55 | 0.99 | (0.33) | (0.34) | (0.67) | $10.77 | 9.48% |
12/31/2020 | $9.73 | 0.24 | 0.71 | 0.95 | (0.12) | (0.11) | (0.23) | $10.45 | 10.01% |
12/31/2019 | $9.07 | 0.21 | 1.11 | 1.32 | (0.20) | (0.46) | (0.66) | $9.73 | 14.80% |
Net assets, end of period (000) |
Ratio of expenses to average net assets (before reimbursement and/or waiver, if applicable)(g) |
Ratio of expenses to average net assets (after reimbursement and/or waiver, if applicable)(g) |
Ratio of net investment income (loss) to average net assets (after reimbursement and/or waiver, if applicable)(g) |
Portfolio turnover rate(h) |
||
Supplemental Data and Ratios | ||||||
Investor Class | ||||||
06/28/2024 (Unaudited) | $590,159 | 0.45%(i) | 0.37%(i) | 0.03%(i) | 16%(e) | |
12/31/2023 | $655,356 | 0.45% | 0.37% | 2.54% | 20% | |
12/31/2022 | $461,064 | 0.45% | 0.37% | 1.61% | 20% | |
12/31/2021 | $574,251 | 0.45% | 0.37% | 3.10% | 20% | |
12/31/2020 | $521,377 | 0.45% | 0.37% | 2.69% | 34% | |
12/31/2019 | $124,650 | 0.45% | 0.37% | 1.81% | 22% | |
Class L | ||||||
06/28/2024 (Unaudited) | $17,498 | 0.70%(i) | 0.62%(i) | (0.22%)(i) | 16%(e) | |
12/31/2023 | $19,802 | 0.70% | 0.62% | 3.88% | 20% | |
12/31/2022 | $21,850 | 0.70% | 0.62% | 1.59% | 20% | |
12/31/2021 | $26,423 | 0.70% | 0.62% | 2.97% | 20% | |
12/31/2020 | $26,264 | 0.70% | 0.62% | 0.94% | 34% | |
12/31/2019 | $350,464 | 0.70% | 0.62% | 1.65% | 22% | |
Institutional Class | ||||||
06/28/2024 (Unaudited) | $40,643 | 0.10%(i) | 0.02%(i) | 0.38%(i) | 16%(e) | |
12/31/2023 | $39,285 | 0.10% | 0.02% | 5.12% | 20% | |
12/31/2022 | $26,572 | 0.10% | 0.02% | 2.26% | 20% | |
12/31/2021 | $27,505 | 0.10% | 0.02% | 3.98% | 20% | |
12/31/2020 | $21,473 | 0.10% | 0.02% | 2.50% | 34% | |
12/31/2019 | $20,093 | 0.10% | 0.02% | 2.17% | 22% |
(a) | Per share amounts are based upon average shares outstanding. |
(b) | Total return does not include any fees or expenses of variable insurance contracts, if applicable. If such fees or expenses were included, the return shown would have been lower. |
(c) | Total return shown net of expenses reimbursed and/or waived, if applicable. Without the expense reimbursement and/or waiver, the return shown would have been lower. |
(d) | Amount was less than $0.01 per share. |
(e) | Not annualized for periods less than one full year. |
(f) | The per share amount does not correspond to activity reflected in the Statement of Operations due to class specific expenses during the period. |
(g) | Expense ratio and income ratio do not include expenses of the underlying investments in which the Fund invests. |
(h) | Portfolio turnover is calculated at the Fund level. |
(i) | Annualized. |
Income (Loss) from Investment Operations: | Less Distributions: | ||||||||
Net asset value, beginning of period |
Net investment income (loss)(a) |
Net realized and unrealized gain (loss) |
Total from investment operations |
From net investment income |
From net realized gains |
Total Distributions |
Net asset value, end of period |
Total Return(b)(c) |
|
Investor Class | |||||||||
06/28/2024 (Unaudited) | $6.28 | (0.00)(d) | 0.30 | 0.30 | - | - | - | $6.58 | 4.78%(e) |
12/31/2023 | $5.89 | 0.11 | 0.58 | 0.69 | (0.22) | (0.08) | (0.30) | $6.28 | 11.93% |
12/31/2022 | $7.34 | 0.09 | (0.97) | (0.88) | (0.15) | (0.42) | (0.57) | $5.89 | (12.02%) |
12/31/2021 | $7.07 | 0.28 | 0.57 | 0.85 | (0.26) | (0.32) | (0.58) | $7.34 | 11.98% |
12/31/2020 | $6.57 | 0.14 | 0.58 | 0.72 | (0.10) | (0.12) | (0.22) | $7.07 | 11.25% |
12/31/2019 | $6.21 | 0.11 | 0.94 | 1.05 | (0.13) | (0.56) | (0.69) | $6.57 | 17.52% |
Class L | |||||||||
06/28/2024 (Unaudited) | $10.82 | (0.02) | 0.53 | 0.51 | - | - | - | $11.33 | 4.62%(e) |
12/31/2023 | $9.97 | 0.45 | 0.68 | 1.13 | (0.20) | (0.08) | (0.28) | $10.82 | 11.64% |
12/31/2022 | $12.05 | 0.17 | (1.63) | (1.46) | (0.20) | (0.42) | (0.62) | $9.97 | (12.16%) |
12/31/2021 | $11.30 | 0.45 | 0.86 | 1.31 | (0.24) | (0.32) | (0.56) | $12.05 | 11.56% |
12/31/2020 | $10.39 | 0.09 | 1.03 | 1.12 | (0.09) | (0.12) | (0.21) | $11.30 | 11.03% |
12/31/2019 | $9.45 | 0.16 | 1.44 | 1.60 | (0.10) | (0.56) | (0.66) | $10.39 | 17.23% |
Institutional Class | |||||||||
06/28/2024 (Unaudited) | $10.15 | 0.01(f) | 0.49 | 0.50 | - | - | - | $10.65 | 4.93%(e) |
12/31/2023 | $9.38 | 0.57 | 0.56 | 1.13 | (0.28) | (0.08) | (0.36) | $10.15 | 12.20% |
12/31/2022 | $11.31 | 0.22 | (1.53) | (1.31) | (0.20) | (0.42) | (0.62) | $9.38 | (11.56%) |
12/31/2021 | $10.68 | 0.47 | 0.83 | 1.30 | (0.35) | (0.32) | (0.67) | $11.31 | 12.15% |
12/31/2020 | $9.81 | 0.21 | 0.90 | 1.11 | (0.12) | (0.12) | (0.24) | $10.68 | 11.64% |
12/31/2019 | $8.97 | 0.19 | 1.39 | 1.58 | (0.18) | (0.56) | (0.74) | $9.81 | 18.00% |
Net assets, end of period (000) |
Ratio of expenses to average net assets (before reimbursement and/or waiver, if applicable)(g) |
Ratio of expenses to average net assets (after reimbursement and/or waiver, if applicable)(g) |
Ratio of net investment income (loss) to average net assets (after reimbursement and/or waiver, if applicable)(g) |
Portfolio turnover rate(h) |
||
Supplemental Data and Ratios | ||||||
Investor Class | ||||||
06/28/2024 (Unaudited) | $1,452,837 | 0.45%(i) | 0.39%(i) | (0.10%)(i) | 7%(e) | |
12/31/2023 | $1,302,673 | 0.45% | 0.39% | 1.83% | 18% | |
12/31/2022 | $1,239,661 | 0.45% | 0.39% | 1.46% | 14% | |
12/31/2021 | $1,580,857 | 0.45% | 0.39% | 3.72% | 18% | |
12/31/2020 | $1,398,893 | 0.45% | 0.40% | 2.12% | 34% | |
12/31/2019 | $740,432 | 0.45% | 0.39% | 1.63% | 27% | |
Class L | ||||||
06/28/2024 (Unaudited) | $109,572 | 0.70%(i) | 0.64%(i) | (0.35%)(i) | 7%(e) | |
12/31/2023 | $125,601 | 0.70% | 0.64% | 4.33% | 18% | |
12/31/2022 | $144,374 | 0.70% | 0.64% | 1.54% | 14% | |
12/31/2021 | $179,322 | 0.70% | 0.64% | 3.69% | 18% | |
12/31/2020 | $173,155 | 0.70% | 0.65% | 0.87% | 34% | |
12/31/2019 | $797,338 | 0.70% | 0.64% | 1.53% | 27% | |
Institutional Class | ||||||
06/28/2024 (Unaudited) | $128,504 | 0.10%(i) | 0.04%(i) | 0.25%(i) | 7%(e) | |
12/31/2023 | $127,008 | 0.10% | 0.04% | 5.85% | 18% | |
12/31/2022 | $94,861 | 0.10% | 0.04% | 2.14% | 14% | |
12/31/2021 | $106,744 | 0.10% | 0.04% | 4.13% | 18% | |
12/31/2020 | $109,001 | 0.10% | 0.05% | 2.15% | 34% | |
12/31/2019 | $132,857 | 0.10% | 0.04% | 1.99% | 27% |
(a) | Per share amounts are based upon average shares outstanding. |
(b) | Total return does not include any fees or expenses of variable insurance contracts, if applicable. If such fees or expenses were included, the return shown would have been lower. |
(c) | Total return shown net of expenses reimbursed and/or waived, if applicable. Without the expense reimbursement and/or waiver, the return shown would have been lower. |
(d) | Amount was less than $0.01 per share. |
(e) | Not annualized for periods less than one full year. |
(f) | The per share amount does not correspond to activity reflected in the Statement of Operations due to class specific expenses during the period. |
(g) | Expense ratio and income ratio do not include expenses of the underlying investments in which the Fund invests. |
(h) | Portfolio turnover is calculated at the Fund level. |
(i) | Annualized. |
Income (Loss) from Investment Operations: | Less Distributions: | ||||||||
Net asset value, beginning of period |
Net investment income (loss)(a) |
Net realized and unrealized gain (loss) |
Total from investment operations |
From net investment income |
From net realized gains |
Total Distributions |
Net asset value, end of period |
Total Return(b)(c) |
|
Investor Class | |||||||||
06/28/2024 (Unaudited) | $6.75 | (0.01) | 0.41 | 0.40 | - | - | - | $7.15 | 5.93%(d) |
12/31/2023 | $6.28 | 0.14 | 0.70 | 0.84 | (0.15) | (0.22) | (0.37) | $6.75 | 13.60% |
12/31/2022 | $7.95 | 0.10 | (1.14) | (1.04) | (0.11) | (0.52) | (0.63) | $6.28 | (13.09%) |
12/31/2021 | $7.64 | 0.38 | 0.71 | 1.09 | (0.38) | (0.40) | (0.78) | $7.95 | 14.25% |
12/31/2020 | $7.45 | 0.16 | 0.67 | 0.83 | (0.14) | (0.50) | (0.64) | $7.64 | 11.75% |
12/31/2019 | $6.94 | 0.12 | 1.25 | 1.37 | (0.13) | (0.73) | (0.86) | $7.45 | 20.35% |
Institutional Class | |||||||||
06/28/2024 (Unaudited) | $9.52 | 0.00(e)(f) | 0.57 | 0.57 | - | - | - | $10.09 | 5.99%(d) |
12/31/2023 | $8.71 | 0.56 | 0.65 | 1.21 | (0.18) | (0.22) | (0.40) | $9.52 | 14.04% |
12/31/2022 | $10.75 | 0.23 | (1.61) | (1.38) | (0.14) | (0.52) | (0.66) | $8.71 | (12.77%) |
12/31/2021 | $10.11 | 0.48 | 1.00 | 1.48 | (0.44) | (0.40) | (0.84) | $10.75 | 14.64% |
12/31/2020 | $9.65 | 0.20 | 0.93 | 1.13 | (0.17) | (0.50) | (0.67) | $10.11 | 12.16% |
12/31/2019 | $8.77 | 0.18 | 1.60 | 1.78 | (0.17) | (0.73) | (0.90) | $9.65 | 20.64% |
Net assets, end of period (000) |
Ratio of expenses to average net assets (before reimbursement and/or waiver, if applicable)(g) |
Ratio of expenses to average net assets (after reimbursement and/or waiver, if applicable)(g) |
Ratio of net investment income (loss) to average net assets (after reimbursement and/or waiver, if applicable)(g) |
Portfolio turnover rate(h) |
||
Investor Class | ||||||
06/28/2024 (Unaudited) | $829,661 | 0.45% (i) | 0.42% (i) | (0.25%) (i) | 13% (d) | |
12/31/2023 | $873,081 | 0.45% | 0.42% | 2.14% | 19% | |
12/31/2022 | $664,044 | 0.45% | 0.42% | 1.38% | 19% | |
12/31/2021 | $849,677 | 0.45% | 0.42% | 4.56% | 23% | |
12/31/2020 | $665,158 | 0.45% | 0.42% | 2.19% | 63% | |
12/31/2019 | $336,156 | 0.45% | 0.42% | 1.53% | 34% | |
Institutional Class | ||||||
06/28/2024 (Unaudited) | $78,956 | 0.10% (i) | 0.07% (i) | 0.10% | 13% (d) | |
12/31/2023 | $71,393 | 0.10% | 0.07% | 6.18% | 19% | |
12/31/2022 | $55,487 | 0.10% | 0.07% | 2.41% | 19% | |
12/31/2021 | $55,232 | 0.10% | 0.07% | 4.36% | 23% | |
12/31/2020 | $60,144 | 0.10% | 0.07% | 2.12% | 63% | |
12/31/2019 | $61,262 | 0.10% | 0.07% | 1.88% | 34% |
(a) | Per share amounts are based upon average shares outstanding. |
(b) | Total return does not include any fees or expenses of variable insurance contracts, if applicable. If such fees or expenses were included, the return shown would have been lower. |
(c) | Total return shown net of expenses reimbursed and/or waived, if applicable. Without the expense reimbursement and/or waiver, the return shown would have been lower. |
(d) | Not annualized for periods less than one full year. |
(e) | Amount was less than $0.01 per share. |
(f) | The per share amount does not correspond to activity reflected in the Statement of Operations due to class specific expenses during the period. |
(g) | Expense ratio and income ratio do not include expenses of the underlying investments in which the Fund invests. |
(h) | Portfolio turnover is calculated at the Fund level. |
(i) | Annualized. |
Income (Loss) from Investment Operations: | Less Distributions: | ||||||||
Net asset value, beginning of period |
Net investment income (loss)(a) |
Net realized and unrealized gain (loss) |
Total from investment operations |
From net investment income |
From net realized gains |
Total Distributions |
Net asset value, end of period |
Total Return(b)(c) |
|
Investor Class | |||||||||
06/28/2024 (Unaudited) | $5.43 | (0.01) | 0.45 | 0.44 | - | - | - | $5.87 | 8.10%(d) |
12/31/2023 | $4.92 | 0.07 | 0.75 | 0.82 | (0.17) | (0.14) | (0.31) | $5.43 | 16.94% |
12/31/2022 | $6.66 | 0.07 | (1.08) | (1.01) | (0.09) | (0.64) | (0.73) | $4.92 | (15.17%) |
12/31/2021 | $6.35 | 0.38 | 0.85 | 1.23 | (0.40) | (0.52) | (0.92) | $6.66 | 19.49% |
12/31/2020 | $5.96 | 0.09 | 0.57 | 0.66 | (0.09) | (0.18) | (0.27) | $6.35 | 11.99% |
12/31/2019 | $5.54 | 0.08 | 1.31 | 1.39 | (0.13) | (0.84) | (0.97) | $5.96 | 26.10% |
Institutional Class | |||||||||
06/28/2024 (Unaudited) | $10.35 | (0.01) | 0.87 | 0.86 | - | - | - | $11.21 | 8.31%(d) |
12/31/2023 | $9.16 | 0.68 | 0.88 | 1.56 | (0.23) | (0.14) | (0.37) | $10.35 | 17.23% |
12/31/2022 | $11.67 | 0.19 | (1.92) | (1.73) | (0.14) | (0.64) | (0.78) | $9.16 | (14.81%) |
12/31/2021 | $10.58 | 0.63 | 1.46 | 2.09 | (0.48) | (0.52) | (1.00) | $11.67 | 19.82% |
12/31/2020 | $9.73 | 0.18 | 0.98 | 1.16 | (0.13) | (0.18) | (0.31) | $10.58 | 12.53% |
12/31/2019 | $8.55 | 0.16 | 2.03 | 2.19 | (0.17) | (0.84) | (1.01) | $9.73 | 26.52% |
Net assets, end of period (000) |
Ratio of expenses to average net assets (before reimbursement and/or waiver, if applicable)(e) |
Ratio of expenses to average net assets (after reimbursement and/or waiver, if applicable)(e) |
Ratio of net investment income (loss) to average net assets (after reimbursement and/or waiver, if applicable)(e) |
Portfolio turnover rate(f) |
||
Investor Class | ||||||
06/28/2024 (Unaudited) | $675,357 | 0.45% (g) | 0.45% (g) | (0.45%) (g) | 9% (d) | |
12/31/2023 | $671,881 | 0.45% | 0.45% | 1.38% | 17% | |
12/31/2022 | $463,528 | 0.45% | 0.45% | 1.16% | 19% | |
12/31/2021 | $611,597 | 0.45% | 0.45% | 5.31% | 26% | |
12/31/2020 | $548,648 | 0.45% | 0.45% | 1.71% | 35% | |
12/31/2019 | $427,424 | 0.45% | 0.45% | 1.26% | 33% | |
Institutional Class | ||||||
06/28/2024 (Unaudited) | $115,521 | 0.10% (g) | 0.10% (g) | (0.10%) | 9% (d) | |
12/31/2023 | $112,753 | 0.10% | 0.10% | 6.96% | 17% | |
12/31/2022 | $100,152 | 0.10% | 0.10% | 1.85% | 19% | |
12/31/2021 | $110,765 | 0.10% | 0.10% | 5.31% | 26% | |
12/31/2020 | $106,944 | 0.10% | 0.10% | 1.96% | 35% | |
12/31/2019 | $115,496 | 0.10% | 0.10% | 1.67% | 33% |
(a) | Per share amounts are based upon average shares outstanding. |
(b) | Total return does not include any fees or expenses of variable insurance contracts, if applicable. If such fees or expenses were included, the return shown would have been lower. |
(c) | Total return shown net of expenses reimbursed and/or waived, if applicable. Without the expense reimbursement and/or waiver, the return shown would have been lower. |
(d) | Not annualized for periods less than one full year. |
(e) | Expense ratio and income ratio do not include expenses of the underlying investments in which the Fund invests. |
(f) | Portfolio turnover is calculated at the Fund level. |
(g) | Annualized. |
Federal Tax Cost of Investments |
Gross Unrealized Appreciation on Investments |
Gross Unrealized Depreciation on Investments |
Net Unrealized Depreciation on Investments |
||||
Empower Conservative Profile Fund | $1,248,366,946 | $55,177,228 | $(66,535,773) | $(11,358,545) | |||
Empower Moderately Conservative Profile Fund | 661,349,679 | 29,375,543 | (42,247,902) | (12,872,359) | |||
Empower Moderate Profile Fund | 1,758,626,718 | 87,768,625 | (154,989,032) | (67,220,407) | |||
Empower Moderately Aggressive Profile Fund | 953,978,870 | 42,804,915 | (87,899,776) | (45,094,861) | |||
Empower Aggressive Profile Fund | 813,359,272 | 49,905,469 | (72,149,557) | (22,244,088) |
Empower Conservative Profile Fund | |||||||||||||
Affiliate |
Shares Held/ Account Balance 06/28/2024 |
Value 12/31/2023 |
Purchase Cost |
Sales Cost |
Net Realized Gain (Loss) |
Net Change Unrealized Appreciation (Depreciation) |
Dividends and Interest Received |
Distributions Received |
Value 06/28/2024 |
||||
BOND MUTUAL FUNDS 47.36% | |||||||||||||
Empower Core Bond Fund Institutional Class | 9,624,548 | $93,258,993 | $9,274,927 | $25,254,036 | $(3,950,249) | $3,566,320 | $- | $- | $80,846,204 | ||||
Empower Global Bond Fund Institutional Class | 13,716,513 | 124,278,289 | 13,417,886 | 37,341,369 | (6,253,124) | 3,342,033 | - | - | 103,696,839 | ||||
Empower High Yield Bond Fund Institutional Class | 4,992,706 | 55,639,892 | 4,842,186 | 12,526,241 | 333,839 | 1,022,608 | - | - | 48,978,445 | ||||
Empower Inflation-Protected Securities Fund Institutional Class | 6,019,595 | 62,004,049 | 5,114,676 | 15,156,496 | (1,455,038) | 2,153,926 | - | - | 54,116,155 | ||||
Empower Multi-Sector Bond Fund Institutional Class | 12,623,958 | 122,172,214 | 9,445,082 | 32,986,419 | (4,690,704) | 6,021,733 | - | - | 104,652,610 | ||||
Empower Short Duration Bond Fund Institutional Class | 11,613,883 | 124,254,440 | 15,131,680 | 29,909,258 | (1,111,299) | 3,177,801 | - | - | 112,654,663 | ||||
Empower U.S. Government Mortgage Securities Fund Institutional Class | 9,884,357 | 93,263,630 | 9,702,756 | 25,624,811 | (4,254,557) | 3,413,624 | - | - | 80,755,199 | ||||
(21,381,132) | 22,698,045 | 0 | 0 | 585,700,115 | |||||||||
EQUITY MUTUAL FUNDS 30.12% | |||||||||||||
Empower Emerging Markets Equity Fund Institutional Class | 2,320,737 | 26,935,312 | 2,746,126 | 11,924,177 | (1,530,075) | 3,941,632 | - | - | 21,698,893 | ||||
Empower International Growth Fund Institutional Class | 2,397,833 | 26,735,051 | 3,147,754 | 9,567,784 | (1,559,041) | 3,063,851 | - | - | 23,378,872 | ||||
Empower International Value Fund Institutional Class | 6,620,336 | 66,742,173 | 8,043,018 | 19,250,807 | 1,286,824 | 2,724,571 | - | - | 58,258,955 | ||||
Empower Large Cap Growth Fund Institutional Class | 2,526,584 | 35,724,761 | 2,560,031 | 13,535,227 | 212,536 | 6,226,348 | - | - | 30,975,913 | ||||
Empower Large Cap Value Fund Institutional Class | 10,188,709 | 89,694,544 | 6,399,997 | 28,628,166 | (375,747) | 9,967,816 | - | - | 77,434,191 | ||||
Empower Mid Cap Value Fund Institutional Class | 4,824,498 | 48,729,270 | 5,238,127 | 15,839,945 | (1,238,622) | 4,183,397 | - | - | 42,310,849 | ||||
Empower Real Estate Index Fund Institutional Class | 7,477,139 | 71,614,178 | 12,519,342 | 24,368,381 | (3,788,318) | 2,968,057 | - | - | 62,733,196 | ||||
Empower Small Cap Growth Fund Institutional Class | 981,957 | 13,218,606 | 1,493,611 | 4,799,330 | (384,096) | 1,153,766 | - | - | 11,066,653 | ||||
Empower Small Cap Value Fund Institutional Class | 3,970,946 | 32,423,874 | 4,432,907 | 11,804,630 | (1,547,093) | 2,545,926 | - | - | 27,598,077 | ||||
Empower T. Rowe Price Mid Cap Growth Fund Institutional Class | 2,690,017 | 19,622,205 | 1,915,327 | 7,256,300 | (1,999,092) | 2,692,777 | - | - | 16,974,009 | ||||
(10,922,724) | 39,468,141 | 0 | 0 | 372,429,608 |
Empower Conservative Profile Fund | |||||||||||||
Affiliate |
Shares Held/ Account Balance 06/28/2024 |
Value
12/31/2023
|
Purchase Cost |
Sales Cost |
Net Realized Gain (Loss) |
Net Change Unrealized Appreciation
(Depreciation)
|
Dividends and Interest Received |
Distributions Received |
Value 06/28/2024 |
||||
FIXED INTEREST CONTRACT 22.55% | |||||||||||||
Empower of America Contract | 278,878,678 | $320,075,869 | $26,039,274 | $70,037,562 | $- | $- | $2,801,097 | $- | $278,878,678 | ||||
0 | 0 | 2,801,097 | 0 | 278,878,678 | |||||||||
Total | $(32,303,856) | $62,166,186 | $2,801,097 | $0 | $1,237,008,401 |
Empower Moderately Conservative Profile Fund | |||||||||||||
Affiliate |
Shares Held/ Account Balance 06/28/2024 |
Value 12/31/2023 |
Purchase Cost |
Sales Cost |
Net Realized Gain (Loss) |
Net Change Unrealized Appreciation (Depreciation) |
Dividends and Interest Received |
Distributions Received |
Value 06/28/2024 |
||||
BOND MUTUAL FUNDS 32.94% | |||||||||||||
Empower Core Bond Fund Institutional Class | 3,969,825 | $36,752,574 | $5,713,390 | $11,152,515 | $(2,158,145) | $2,033,079 | $- | $- | $33,346,528 | ||||
Empower Global Bond Fund Institutional Class | 5,653,591 | 48,949,750 | 8,040,831 | 15,653,406 | (2,540,576) | 1,403,977 | - | - | 42,741,152 | ||||
Empower High Yield Bond Fund Institutional Class | 2,055,546 | 21,867,964 | 3,257,639 | 5,360,889 | 156,110 | 400,194 | - | - | 20,164,908 | ||||
Empower Inflation-Protected Securities Fund Institutional Class | 2,478,518 | 24,453,256 | 3,435,769 | 6,649,838 | (752,547) | 1,042,687 | - | - | 22,281,874 | ||||
Empower Multi-Sector Bond Fund Institutional Class | 5,199,609 | 48,092,335 | 6,426,297 | 13,943,868 | (1,968,834) | 2,530,004 | - | - | 43,104,768 | ||||
Empower Short Duration Bond Fund Institutional Class | 1,918,424 | 18,227,222 | 5,020,758 | 5,193,553 | (226,418) | 554,283 | - | - | 18,608,710 | ||||
Empower U.S. Government Mortgage Securities Fund Institutional Class | 4,076,531 | 36,742,669 | 5,842,047 | 11,154,280 | (2,182,462) | 1,874,819 | - | - | 33,305,255 | ||||
(9,672,872) | 9,839,043 | 0 | 0 | 213,553,195 | |||||||||
EQUITY MUTUAL FUNDS 45.08% | |||||||||||||
Empower Emerging Markets Equity Fund Institutional Class | 1,968,054 | 21,759,504 | 3,260,365 | 9,922,212 | (1,304,107) | 3,303,651 | - | - | 18,401,308 | ||||
Empower International Growth Fund Institutional Class | 2,034,934 | 21,583,880 | 3,652,765 | 8,272,318 | (1,620,970) | 2,876,276 | - | - | 19,840,603 | ||||
Empower International Value Fund Institutional Class | 5,630,027 | 53,921,705 | 8,845,183 | 14,333,628 | 2,176,013 | 1,110,980 | - | - | 49,544,240 | ||||
Empower Large Cap Growth Fund Institutional Class | 2,136,075 | 28,875,208 | 3,154,892 | 11,098,436 | 39,139 | 5,256,608 | - | - | 26,188,272 | ||||
Empower Large Cap Value Fund Institutional Class | 8,660,846 | 72,683,654 | 8,256,192 | 20,684,426 | 2,330,435 | 5,567,011 | - | - | 65,822,431 | ||||
Empower Mid Cap Value Fund Institutional Class | 4,100,876 | 39,296,388 | 6,019,821 | 12,815,305 | (1,034,082) | 3,463,777 | - | - | 35,964,681 | ||||
Empower Real Estate Index Fund Institutional Class | 3,510,994 | 32,119,950 | 7,777,010 | 11,651,253 | (1,513,478) | 1,211,530 | - | - | 29,457,237 | ||||
Empower Small Cap Growth Fund Institutional Class | 827,933 | 10,629,385 | 1,725,270 | 4,370,585 | (711,513) | 1,346,735 | - | - | 9,330,805 | ||||
Empower Small Cap Value Fund Institutional Class | 3,365,618 | 26,300,355 | 5,052,288 | 10,678,458 | (1,888,854) | 2,716,861 | - | - | 23,391,046 |
Empower Moderately Conservative Profile Fund | |||||||||||||
Affiliate |
Shares Held/ Account Balance 06/28/2024 |
Value
12/31/2023
|
Purchase Cost |
Sales Cost |
Net Realized Gain (Loss) |
Net Change Unrealized Appreciation
(Depreciation)
|
Dividends and Interest Received |
Distributions Received |
Value
06/28/2024
|
||||
Empower T. Rowe Price Mid Cap Growth Fund Institutional Class | 2,270,918 | $15,923,138 | $2,266,886 | $6,453,116 | $(2,038,758) | $2,592,588 | $- | $- | $14,329,496 | ||||
(5,566,175) | 29,446,017 | 0 | 0 | 292,270,119 | |||||||||
FIXED INTEREST CONTRACT 22.01% | |||||||||||||
Empower of America Contract | 142,654,006 | 156,477,919 | 23,770,715 | 38,997,506 | - | - | 1,402,878 | - | 142,654,006 | ||||
0 | 0 | 1,402,878 | 0 | 142,654,006 | |||||||||
Total | $(15,239,047) | $39,285,060 | $1,402,878 | $0 | $648,477,320 |
Empower Moderate Profile Fund | |||||||||||||
Affiliate |
Shares Held/ Account Balance 06/28/2024 |
Value 12/31/2023 |
Purchase Cost |
Sales Cost |
Net Realized Gain (Loss) |
Net Change Unrealized Appreciation (Depreciation) |
Dividends and Interest Received |
Distributions Received |
Value 06/28/2024 |
||||
BOND MUTUAL FUNDS 23.95% | |||||||||||||
Empower Core Bond Fund Institutional Class | 7,532,767 | $57,978,359 | $8,288,305 | $3,781,235 | $(793,619) | $789,812 | $- | $- | $63,275,241 | ||||
Empower Global Bond Fund Institutional Class | 10,721,295 | 77,294,340 | 10,355,673 | 5,764,064 | (869,932) | (832,956) | - | - | 81,052,993 | ||||
Empower High Yield Bond Fund Institutional Class | 3,893,322 | 34,598,569 | 4,137,315 | 1,532,662 | 2,887 | 990,273 | - | - | 38,193,495 | ||||
Empower Inflation-Protected Securities Fund Institutional Class | 4,697,930 | 38,483,358 | 5,130,235 | 2,072,767 | (128,942) | 693,567 | - | - | 42,234,393 | ||||
Empower Multi-Sector Bond Fund Institutional Class | 9,872,106 | 76,019,157 | 8,660,058 | 4,533,327 | (603,230) | 1,693,871 | - | - | 81,839,759 | ||||
Empower Short Duration Bond Fund Institutional Class | 3,623,695 | 28,713,054 | 7,449,369 | 1,654,709 | (63,509) | 642,124 | - | - | 35,149,838 | ||||
Empower U.S. Government Mortgage Securities Fund Institutional Class | 7,740,304 | 57,892,479 | 8,602,277 | 3,440,094 | (475,414) | 183,620 | - | - | 63,238,282 | ||||
(2,931,759) | 4,160,311 | 0 | 0 | 404,984,001 | |||||||||
EQUITY MUTUAL FUNDS 60.08% | |||||||||||||
Empower Emerging Markets Equity Fund Institutional Class | 7,093,170 | 65,376,414 | 5,835,644 | 11,386,843 | (156,799) | 6,495,918 | - | - | 66,321,133 | ||||
Empower International Growth Fund Institutional Class | 7,332,174 | 64,972,852 | 7,947,934 | 4,536,438 | 1,037,228 | 3,104,351 | - | - | 71,488,699 | ||||
Empower International Value Fund Institutional Class | 20,280,502 | 162,487,453 | 16,255,544 | 7,924,332 | 2,011,748 | 7,649,755 | - | - | 178,468,420 | ||||
Empower Large Cap Growth Fund Institutional Class | 7,727,161 | 87,261,444 | 7,449,292 | 17,147,040 | (216,202) | 17,171,306 | - | - | 94,735,002 | ||||
Empower Large Cap Value Fund Institutional Class | 31,193,654 | 218,891,161 | 11,794,815 | 15,873,585 | 1,981,099 | 22,259,383 | - | - | 237,071,774 | ||||
Empower Mid Cap Value Fund Institutional Class | 14,767,534 | 118,653,060 | 9,880,350 | 4,038,794 | 2,453,301 | 5,016,658 | - | - | 129,511,274 | ||||
Empower Real Estate Index Fund Institutional Class | 8,141,545 | 62,349,750 | 10,701,641 | 3,181,763 | 1,484,619 | (1,562,066) | - | - | 68,307,562 |
Empower Moderate Profile Fund | |||||||||||||
Affiliate |
Shares Held/ Account Balance 06/28/2024 |
Value
12/31/2023
|
Purchase Cost |
Sales Cost |
Net Realized Gain (Loss) |
Net Change Unrealized Appreciation
(Depreciation)
|
Dividends and Interest Received |
Distributions Received |
Value 06/28/2024 |
||||
Empower Small Cap Growth Fund Institutional Class | 3,009,994 | $31,778,138 | $3,546,488 | $2,531,970 | $899,781 | $1,129,973 | $- | $- | $33,922,629 | ||||
Empower Small Cap Value Fund Institutional Class | 12,127,871 | 78,963,503 | 9,783,873 | 4,525,025 | 2,379,983 | 66,355 | - | - | 84,288,706 | ||||
Empower T. Rowe Price Mid Cap Growth Fund Institutional Class | 8,204,044 | 47,610,044 | 5,673,958 | 4,072,363 | (926,071) | 2,555,880 | - | - | 51,767,519 | ||||
10,948,687 | 63,887,513 | 0 | 0 | 1,015,882,718 | |||||||||
FIXED INTEREST CONTRACT 16.00% | |||||||||||||
Empower of America Contract | 270,539,592 | 246,462,445 | 33,875,520 | 12,141,251 | - | - | 2,342,878 | - | 270,539,592 | ||||
0 | 0 | 2,342,878 | 0 | 270,539,592 | |||||||||
Total | $8,016,928 | $68,047,824 | $2,342,878 | $0 | $1,691,406,311 |
Empower Moderately Aggressive Profile Fund | |||||||||||||
Affiliate |
Shares Held/ Account Balance 06/28/2024 |
Value 12/31/2023 |
Purchase Cost |
Sales Cost |
Net Realized Gain (Loss) |
Net Change Unrealized Appreciation (Depreciation) |
Dividends and Interest Received |
Distributions Received |
Value 06/28/2024 |
||||
BOND MUTUAL FUNDS 17.98% | |||||||||||||
Empower Core Bond Fund Institutional Class | 2,727,208 | $23,743,608 | $3,626,989 | $5,600,463 | $(1,199,658) | $1,138,408 | $- | $- | $22,908,542 | ||||
Empower Global Bond Fund Institutional Class | 3,884,194 | 31,703,032 | 4,642,006 | 7,427,987 | (1,177,797) | 447,453 | - | - | 29,364,504 | ||||
Empower High Yield Bond Fund Institutional Class | 1,416,054 | 14,198,460 | 1,954,558 | 2,621,670 | 12,574 | 360,138 | - | - | 13,891,486 | ||||
Empower Inflation-Protected Securities Fund Institutional Class | 1,705,390 | 15,809,792 | 2,188,661 | 3,321,454 | (454,748) | 654,459 | - | - | 15,331,458 | ||||
Empower Multi-Sector Bond Fund Institutional Class | 3,583,124 | 31,183,134 | 3,830,380 | 6,785,948 | (1,093,381) | 1,476,536 | - | - | 29,704,102 | ||||
Empower Short Duration Bond Fund Institutional Class | 3,013,165 | 28,809,995 | 5,499,561 | 5,934,709 | (340,141) | 852,857 | - | - | 29,227,704 | ||||
Empower U.S. Government Mortgage Securities Fund Institutional Class | 2,801,870 | 23,743,702 | 3,711,877 | 5,523,971 | (1,138,767) | 959,672 | - | - | 22,891,280 | ||||
(5,391,918) | 5,889,523 | 0 | 0 | 163,319,076 | |||||||||
EQUITY MUTUAL FUNDS 73.06% | |||||||||||||
Empower Emerging Markets Equity Fund Institutional Class | 4,727,270 | 49,127,319 | 5,522,702 | 17,998,494 | (2,980,282) | 7,548,442 | - | - | 44,199,969 | ||||
Empower International Growth Fund Institutional Class | 4,891,848 | 48,886,745 | 7,000,940 | 12,691,394 | (1,618,691) | 4,499,230 | - | - | 47,695,521 | ||||
Empower International Value Fund Institutional Class | 13,513,500 | 122,041,815 | 18,169,041 | 25,938,673 | 2,734,489 | 4,646,621 | - | - | 118,918,804 | ||||
Empower Large Cap Growth Fund Institutional Class | 5,175,706 | 65,558,597 | 5,911,436 | 20,439,463 | (276,196) | 12,423,591 | - | - | 63,454,161 | ||||
Empower Large Cap Value Fund Institutional Class | 20,764,498 | 164,202,095 | 13,047,828 | 50,370,630 | (13,012,702) | 30,930,898 | - | - | 157,810,191 |
Empower Moderately Aggressive Profile Fund | |||||||||||||
Affiliate |
Shares Held/ Account Balance 06/28/2024 |
Value
12/31/2023
|
Purchase Cost |
Sales Cost |
Net Realized Gain (Loss) |
Net Change Unrealized Appreciation
(Depreciation)
|
Dividends and Interest Received |
Distributions Received |
Value
06/28/2024
|
||||
Empower Mid Cap Value Fund Institutional Class | 9,840,209 | $89,260,315 | $10,339,194 | $17,500,542 | $1,298,079 | $4,199,666 | $- | $- | $86,298,633 | ||||
Empower Real Estate Index Fund Institutional Class | 3,832,164 | 33,071,597 | 6,923,346 | 8,827,533 | (1,239,227) | 984,443 | - | - | 32,151,853 | ||||
Empower Small Cap Growth Fund Institutional Class | 2,009,599 | 23,986,334 | 3,058,743 | 7,411,835 | (1,566,423) | 3,014,939 | - | - | 22,648,181 | ||||
Empower Small Cap Value Fund Institutional Class | 8,094,169 | 59,391,459 | 9,657,166 | 20,485,474 | (5,828,139) | 7,691,324 | - | - | 56,254,475 | ||||
Empower T. Rowe Price Mid Cap Growth Fund Institutional Class | 5,457,214 | 35,764,318 | 4,317,561 | 10,572,656 | (3,696,056) | 4,925,799 | - | - | 34,435,022 | ||||
(26,185,148) | 80,864,953 | 0 | 0 | 663,866,810 | |||||||||
FIXED INTEREST CONTRACT 8.99% | |||||||||||||
Empower of America Contract | 81,698,123 | 84,301,114 | 12,077,032 | 15,448,540 | - | - | 768,517 | - | 81,698,123 | ||||
0 | 0 | 768,517 | 0 | 81,698,123 | |||||||||
Total | $(31,577,066) | $86,754,476 | $768,517 | $0 | $908,884,009 | ||||||||
Empower Aggressive Profile Fund | |||||||||||||
Affiliate |
Shares Held/ Account Balance 06/28/2024 |
Value 12/31/2023 |
Purchase Cost |
Sales Cost |
Net Realized Gain (Loss) |
Net Change Unrealized Appreciation (Depreciation) |
Dividends and Interest Received |
Distributions Received |
Value 06/28/2024 |
||||
EQUITY MUTUAL FUNDS 100.03% | |||||||||||||
Empower Emerging Markets Equity Fund Institutional Class | 5,743,292 | $57,033,496 | $5,375,054 | $14,697,448 | $(587,653) | $5,988,673 | $- | $- | $53,699,775 | ||||
Empower International Growth Fund Institutional Class | 5,937,136 | 56,511,666 | 6,301,836 | 7,386,907 | 961,117 | 2,460,488 | - | - | 57,887,083 | ||||
Empower International Value Fund Institutional Class | 16,408,957 | 141,237,280 | 17,806,338 | 19,816,676 | 3,302,513 | 5,171,879 | - | - | 144,398,821 | ||||
Empower Large Cap Growth Fund Institutional Class | 6,257,519 | 75,690,776 | 4,686,543 | 17,968,508 | 55,435 | 14,308,380 | - | - | 76,717,191 | ||||
Empower Large Cap Value Fund Institutional Class | 25,225,564 | 190,125,557 | 11,146,816 | 27,588,129 | 2,826,162 | 18,030,043 | - | - | 191,714,287 | ||||
Empower Mid Cap Value Fund Institutional Class | 11,953,298 | 102,979,507 | 9,600,267 | 14,399,808 | (255,331) | 6,650,459 | - | - | 104,830,425 | ||||
Empower Real Estate Index Fund Institutional Class | 2,865,318 | 23,453,018 | 4,075,157 | 4,106,247 | (744,603) | 618,087 | - | - | 24,040,015 | ||||
Empower Small Cap Growth Fund Institutional Class | 2,442,861 | 27,677,711 | 2,825,972 | 4,833,128 | (163,058) | 1,860,489 | - | - | 27,531,044 | ||||
Empower Small Cap Value Fund Institutional Class | 9,838,887 | 68,726,123 | 9,181,257 | 14,451,633 | (2,810,964) | 4,924,520 | - | - | 68,380,267 | ||||
Empower T. Rowe Price Mid Cap Growth Fund Institutional Class | 6,642,833 | 41,457,881 | 3,836,367 | 7,398,457 | (2,590,774) | 4,020,485 | - | - | 41,916,276 | ||||
(7,156) | 64,033,503 | 0 | 0 | 791,115,184 | |||||||||
Total | $(7,156) | $64,033,503 | $0 | $0 | $791,115,184 |
Purchases | Sales | ||
Empower Conservative Profile Fund | $141,464,708 | $363,507,084 | |
Empower Moderately Conservative Profile Fund | 111,518,117 | 203,146,544 | |
Empower Moderate Profile Fund | 175,368,292 | 118,155,191 | |
Empower Moderately Aggressive Profile Fund | 121,479,022 | 213,324,371 | |
Empower Aggressive Profile Fund | 74,835,608 | 132,639,786 |
ITEM 8. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS FOR OPEN-END MANAGEMENT INVESTMENT COMPANIES.
(a) Item 8 is included as part of the report to shareholders filed under Item 7 of this Form.
ITEM 9. PROXY DISCLOSURES FOR OPEN-END MANAGEMENT INVESTMENT COMPANIES.
(a) Item 9 is included as part of the report to shareholders filed under Item 7 of this Form.
ITEM 10. REMUNERATION PAID TO DIRECTORS, OFFICERS, AND OTHERS OF OPEN-END MANAGEMENT INVESTMENT COMPANIES.
(a) Item 10 is included as part of the report to shareholders filed under Item 7 of this Form.
ITEM 11. STATEMENT REGARDING BASIS OF APPROVAL OF INVESTMENT ADVISORY CONTRACT.
(a) Item 11 is included as part of the report to shareholders filed under Item 7 of this Form.
ITEM 12. DISCLOSURE OF PROXY VOTING POLICIES AND PROCEDURES FOR CLOSED-END MANAGEMENT INVESTMENT COMPANIES.
Not applicable.
ITEM 13. PORTFOLIO MANAGERS OF CLOSED-END MANAGEMENT INVESTMENT COMPANIES.
Not applicable.
ITEM 14. PURCHASE OF EQUITY SECURITIES BY CLOSED-END MANAGEMENT INVESTMENT COMPANY AND AFFILIATED PURCHASERS.
Not applicable.
ITEM 15. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.
There have been no material changes to the procedures by which shareholders may recommend nominees to the registrant's board of directors that were implemented after the registrant last provided disclosure in response to this Item 407(c)(2)(iv) of Regulation S-K.
ITEM 16. CONTROLS AND PROCEDURES.
(a) The registrant's principal executive officer and principal financial officer have concluded, based upon their evaluation of the registrant's disclosure controls and procedures as conducted within 90 days of the filing date of this report, that these disclosure controls and procedures provide reasonable assurance that material information required to be disclosed by the registrant in the report it files or submits on Form N-CSR is recorded, processed, summarized and reported, within the time periods specified in the commission's rules and forms and that such material information is accumulated and communicated to the registrant's management, including its principal executive officer and principal financial officer, as appropriate, in order to allow timely decisions regarding required disclosure.
(b) The registrant's principal executive officer and principal financial officer are aware of no changes in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal half-year that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting.
ITEM 17. DISCLOSURE OF LENDING ACTIVITIES FOR CLOSED-END MANAGEMENT INVESTMENT COMPANIES.
Not applicable.
ITEM 18. RECOVERY OF ERRONEOUSLY AWARDED COMPENSATION.
Not applicable.
ITEM 19. EXHIBITS.
(a) (1) Not required in filing.
(2) A separate certification for each principal executive and principal financial officer as required by Rule 30a-2(a) under the Investment Company Act of 1940 is attached hereto.
(3) Not applicable.
(4) Not applicable.
(b) A separate certification for each principal executive and principal financial officer as required by Rule 30a-2(b) under the Investment Company Act of 1940 is attached hereto.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
EMPOWER FUNDS, INC.
By: /s/ Jonathan D. Kreider
Jonathan D. Kreider
President & Chief Executive Officer
Date: August 14, 2024
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
By: /s/ Jonathan D. Kreider
Jonathan D. Kreider
President & Chief Executive Officer
Date: August 14, 2024
By: /s/ Kelly B. New
Kelly B. New
Chief Financial Officer & Treasurer
Date: August 14, 2024
ITEM 2. CODE OF ETHICS.
Not required in filing.
ITEM 3. AUDIT COMMITTEE FINANCIAL EXPERT.
Not required in filing.
ITEM 4. PRINCIPAL ACCOUNTANT FEES AND SERVICES.
Not required in filing.
ITEM 5. AUDIT COMMITTEE OF LISTED REGISTRANTS.
Not applicable.
ITEM 6. INVESTMENTS.
(a) The schedule is included as part of the report to shareholders filed under Item 7 of this Form.
(b) Not applicable.
ITEM 8. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS FOR OPEN-END MANAGEMENT INVESTMENT COMPANIES.
(a) Item 8 is included as part of the report to shareholders filed under Item 7 of this Form.
ITEM 9. PROXY DISCLOSURES FOR OPEN-END MANAGEMENT INVESTMENT COMPANIES.
(a) Item 9 is included as part of the report to shareholders filed under Item 7 of this Form.
ITEM 10. REMUNERATION PAID TO DIRECTORS, OFFICERS, AND OTHERS OF OPEN-END MANAGEMENT INVESTMENT COMPANIES.
(a) Item 10 is included as part of the report to shareholders filed under Item 7 of this Form.
ITEM 11. STATEMENT REGARDING BASIS OF APPROVAL OF INVESTMENT ADVISORY CONTRACT.
(a) Item 11 is included as part of the report to shareholders filed under Item 7 of this Form.
ITEM 12. DISCLOSURE OF PROXY VOTING POLICIES AND PROCEDURES FOR CLOSED-END MANAGEMENT INVESTMENT COMPANIES.
Not applicable.
ITEM 13. PORTFOLIO MANAGERS OF CLOSED-END MANAGEMENT INVESTMENT COMPANIES.
Not applicable.
ITEM 14. PURCHASE OF EQUITY SECURITIES BY CLOSED-END MANAGEMENT INVESTMENT COMPANY AND AFFILIATED PURCHASERS.
Not applicable.
ITEM 15. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.
There have been no material changes to the procedures by which shareholders may recommend nominees to the registrant's board of directors that were implemented after the registrant last provided disclosure in response to this Item 407(c)(2)(iv) of Regulation S-K.
ITEM 16. CONTROLS AND PROCEDURES.
(a) The registrant's principal executive officer and principal financial officer have concluded, based upon their evaluation of the registrant's disclosure controls and procedures as conducted within 90 days of the filing date of this report, that these disclosure controls and procedures provide reasonable assurance that material information required to be disclosed by the registrant in the report it files or submits on Form N-CSR is recorded, processed, summarized and reported, within the time periods specified in the commission's rules and forms and that such material information is accumulated and communicated to the registrant's management, including its principal executive officer and principal financial officer, as appropriate, in order to allow timely decisions regarding required disclosure.
(b) The registrant's principal executive officer and principal financial officer are aware of no changes in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal half-year that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting.
ITEM 17. DISCLOSURE OF LENDING ACTIVITIES FOR CLOSED-END MANAGEMENT INVESTMENT COMPANIES.
Not applicable.
ITEM 18. RECOVERY OF ERRONEOUSLY AWARDED COMPENSATION.
Not applicable.
ITEM 19. EXHIBITS.
(a) (1) Not required in filing.
(2) A separate certification for each principal executive and principal financial officer as required by Rule 30a-2(a) under the Investment Company Act of 1940 is attached hereto.
(3) Not applicable.
(4) Not applicable.
(b) A separate certification for each principal executive and principal financial officer as required by Rule 30a-2(b) under the Investment Company Act of 1940 is attached hereto.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
EMPOWER FUNDS, INC.
By: /s/ Jonathan D. Kreider
Jonathan D. Kreider
President & Chief Executive Officer
Date: August 14, 2024
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
By: /s/ Jonathan D. Kreider
Jonathan D. Kreider
President & Chief Executive Officer
Date: August 14, 2024
By: /s/ Kelly B. New
Kelly B. New
Chief Financial Officer & Treasurer
Date: August 14, 2024