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Empower Lifetime 2055 Fund Service Class (MXXLX)

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18.39 +0.10    +0.55%
22/11 - Closed. Currency in USD
  • Morningstar Rating:
  • Total Assets: 248.67M
Type:  Fund
Market:  United States
Issuer:  Great-West Funds
Asset Class:  Bond
Great-West Lifetime 2055 T1 18.39 +0.10 +0.55%

MXXLX Overview

 
On this page you'll find an in-depth profile of Empower Lifetime 2055 Fund Service Class. Learn about the key management, total assets, investment strategy and contact information of MXXLX among other information.
Category

Target-Date 2055

Total Assets

248.67M

Expenses

0.57%

Inception Date

39934

Investment Strategy

The investment seeks capital appreciation and income consistent with its current asset allocation; after 2055, it seeks income and secondarily capital growth. The fund seeks to achieve its objective by investing in a professionally selected mix of underlying funds that is tailored for investors planning to retire in (or otherwise begin using the invested funds on), or close to, 2055 (which is assumed to be at age 65). It is designed for investors who plan to withdraw the value of their account in the fund gradually after retirement. While the fund is non-diversified, it invests in diversified underlying holdings.

Contact Information

Address 8515 E. Orchard Road
Greenwood Village,CO 80111
United States
Phone -

Top Executives

Name Title Since Until
Maria L. Mendelsberg Senior Investment Analyst 2018 Now
Biography Maria Mendelsberg, CFA, Portfolio Manager, has managed the Funds since 2018. In addition to the Funds, Ms. Mendelsberg manages the Great-West Profile Funds, Great-West Conservative Lifetime Funds, and Great-West SecureFoundation Funds. Ms. Mendelsberg was previously a Partner and Investment Principal/Equity Analyst at Cambiar Investors from 1997-2016. Ms. Mendelsberg received a B.A. in Economics and Classics from Brown University.
Andrew Corwin Portfolio Manager 2014 Now
Biography Andrew Corwin, CFA, Portfolio Manager, Head of Portfolio Construction and Research, and Chairperson of the Asset Allocation Committee has managed the Fund since 2014 and joined GWCM in 2011. Mr. Corwin was previously an Investment Analyst and Investment Consultant at Strategies, LLC 2009-2011. Mr. Corwin received a B.S. in business administration with an emphasis in finance as well as a minor in mathematics from the University of Colorado.
Jack Brown CIO (Chief Investment Officer) 2016 2020
Biography Jack Brown, CFA, is a Portfolio Manager with GWCM. Mr. Brown joined GWL&A in 2015 with 20 years of industry experience. Prior to joining GWL&A, Mr. Brown was employed at Oppenheimer Funds in the High Yield Bond Market. Mr. Brown received a B.S. in finance from the Metropolitan State College of Denver and an M.B.A. from the University of Colorado.
Jonathan Kreider Portfolio Manager 2014 2020
Biography Jonathan Kreider, CFA, Portfolio Manager, has joined Great-West Capital Management, LLC since 2012. Mr. Kreider was previously a Management Consulting Associate at JDL Consultants, LLC from 2010-2012, and a Senior Research Analyst at Lipper, Inc. from 2005-2010. Mr. Kreider received a B.S. in finance and an M.B.A. from the University of Colorado.
Catherine S. Tocher Senior Vice President 2014 2017
Biography Ms. Tocher is a Manager and Senior Vice President, Investments, of Maxim Capital Management, LLC (MCM). She is also Senior Vice President, Investments of Great-West Life & Annuity Ins Co. (GWL&A). She joined the GWL&A Investments Department in 1987. Ms. Tocher was educated at the University of Manitoba, where she received a Bachelor of Commerce (Honours Degree) in Finance. She also holds the Chartered Financial Analyst designation.
Thone Gdovin - 2014 2016
Biography Thone Gdovin, CFA. Ms. Gdovin is also a Senior Manager of GWL&A. Ms. Gdovin joined the GWL&A Investments Department in 1997, departed in 2000, and then rejoined GWL&A in 2004. Ms. Gdovin received a B.A. in international trade and relations from the University of Northern Colorado and a M.A. in economics from Colorado State University.
David McLeod Senior Vice President 2014 2016
Biography David McLeod, Senior Vice President & Managing Director, has joined GWL&A in 1986. Mr. McLeod received a Bachelor of Commerce in accounting and finance, with honors, from the University of Manitoba. Mr. McLeod also has a Certified Management Accountant designation.
S. Mark Corbett Executive Vice President 2009 2016
Biography Corbett is senior vice president of GW Capital Management and Senior Vice President, Investments of Great-West Life & Annuity Insurance Company since inception in 1997. Corbett also serves on the Board of Directors of MCM. Prior to his employment with Great-West Life & Annuity Insurance Company in 1987, he was a Chartered Accountant with Thorne, Ernst & Whinney. Corbett holds the Chartered Accountant and Chartered Financial Analyst designation.He was educated at the University of Manitoba, Canada where he received a Bachelor of Commerce (Honours Degree) in Accounting and Finance.
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