Great-West Funds Inc - Lifetime 2020 Fund (MXAKX)
| Fund Assets | 485.56M |
| Expense Ratio | 0.43% |
| Min. Investment | $0.00 |
| Turnover | 17.00% |
| Dividend (ttm) | 0.52 |
| Dividend Yield | 4.71% |
| Dividend Growth | 66.91% |
| Payout Frequency | Semi-Annual |
| Ex-Dividend Date | Sep 9, 2025 |
| Previous Close | 11.13 |
| YTD Return | 10.83% |
| 1-Year Return | 7.87% |
| 5-Year Return | 28.49% |
| 52-Week Low | 9.59 |
| 52-Week High | 11.15 |
| Beta (5Y) | n/a |
| Holdings | 22 |
| Inception Date | Apr 28, 2016 |
About MXAKX
Empower Lifetime 2020 Fund Institutional Class is a target-date mutual fund designed for investors near or in early retirement. Its primary objective is to generate current income with a secondary focus on capital appreciation, reflecting a more conservative glide path as the 2020 target date has passed. The fund allocates across a professionally selected mix of underlying equity and fixed-income strategies, seeking diversification across asset classes to balance income needs with longevity risk. Typical exposures emphasize high-quality bonds, cash equivalents, and a modest allocation to equities to maintain growth potential, consistent with retirement-income mandates. As an institutional share class, it is structured for retirement plans and large platforms, offering access to a packaged asset allocation approach that simplifies portfolio management. The fund’s role in the market is to provide a turnkey, age-appropriate allocation for participants who prefer a managed solution as they transition from accumulation to distribution, aligning asset mix with retirement timing and risk tolerance while maintaining broad market diversification.
Performance
MXAKX had a total return of 7.87% in the past year, including dividends. Since the fund's inception, the average annual return has been 12.68%.
Top 10 Holdings
75.52% of assets| Name | Symbol | Weight |
|---|---|---|
| Empower S&P 500 Index Institutional | MXKWX | 14.58% |
| EMPOWER - GUARANTEED FUNDING ACCOUNT | n/a | 11.40% |
| Empower Infl-Protd Secs Instl | MXIOX | 10.65% |
| Empower Bond Index Institutional | MXCOX | 9.90% |
| Empower Core Bond Instl | MXIUX | 5.94% |
| Empower Multi-Sector Bond Instl | MXUGX | 5.83% |
| Empower Short Duration Bond Instl | MXXJX | 4.89% |
| Empower International Index Instl | MXPBX | 4.52% |
| Empower Global Bond Institutional | MXZMX | 4.41% |
| Empower Mid Cap Value Instl | MXKJX | 3.40% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Sep 9, 2025 | $0.19338 | Sep 10, 2025 |
| Dec 30, 2024 | $0.33082 | Dec 31, 2024 |
| Sep 10, 2024 | $0.11295 | Sep 11, 2024 |
| Dec 28, 2023 | $0.20111 | Dec 29, 2023 |
| Sep 8, 2023 | $0.18916 | Sep 11, 2023 |
| Jun 27, 2023 | $0.11499 | Jun 28, 2023 |