NPORT-EX 2 edgar.htm NPORTEX
EMPOWER FUNDS, INC.
EMPOWER LIFETIME 2015 FUND
Schedule of Investments
As of March 28, 2024 (Unaudited)
Shares   Fair Value
BOND MUTUAL FUNDS
6,081,465 Empower Bond Index Fund Institutional Class(a) $ 50,476,159
2,959,084 Empower Core Bond Fund Institutional Class(a)  24,767,538
3,534,058 Empower Global Bond Fund Institutional Class(a)  26,929,523
1,465,162 Empower High Yield Bond Fund Institutional Class(a)  14,182,772
7,440,233 Empower Inflation-Protected Securities Fund Institutional Class(a)  66,218,067
2,436,338 Empower Multi-Sector Bond Fund Institutional Class(a)  20,099,786
2,959,437 Empower Short Duration Bond Fund Institutional Class(a)  28,410,599
     
TOTAL BOND MUTUAL FUNDS — 46.88%
(Cost $258,405,724)
$231,084,444
EQUITY MUTUAL FUNDS
323,240 American Century Real Estate Fund Class R6 7,925,849
889,497 DFA International Real Estate Securities Portfolio Institutional Class 3,255,558
161,647 Empower Ariel Mid Cap Value Fund Institutional Class(a) 1,742,559
794,498 Empower Emerging Markets Equity Fund Institutional Class(a) 7,094,865
987,232 Empower International Growth Fund Institutional Class(a) 9,595,895
1,873,015 Empower International Index Fund Institutional Class(a) 20,434,593
1,227,178 Empower International Value Fund Institutional Class(a) 10,835,985
1,592,704 Empower Large Cap Growth Fund Institutional Class(a) 18,507,219
2,660,669 Empower Large Cap Value Fund Institutional Class(a) 20,167,872
771,977 Empower Mid Cap Value Fund Institutional Class(a) 6,940,071
507,176 Empower Real Estate Index Fund Institutional Class(a) 4,265,354
Shares   Fair Value
Equity Mutual Funds — (continued)
4,481,537 Empower S&P 500® Index Fund Institutional Class(a) $ 38,586,030
1,922,775 Empower S&P Mid Cap 400® Index Fund Institutional Class(a)  16,632,005
1,087,592 Empower S&P Small Cap 600® Index Fund Institutional Class(a)   7,275,987
60,151 Empower Small Cap Growth Fund Institutional Class(a)     691,741
543,962 Empower Small Cap Value Fund Institutional Class(a)   3,889,331
1,203,734 Empower T. Rowe Price Mid Cap Growth Fund Institutional Class(a)   7,956,679
690,791 Fidelity® Emerging Markets Index Fund Institutional Class   7,094,418
96,460 Janus Henderson Triton Fund Class N 2,729,827
     
TOTAL EQUITY MUTUAL FUNDS — 39.69%
(Cost $194,674,495)
$195,621,838
Account Balance    
FIXED INTEREST CONTRACT
66,325,613(b) Empower of America Contract(a) 1.80%(c) 66,325,613
     
TOTAL FIXED INTEREST CONTRACT — 13.46%
(Cost $66,325,613)
$66,325,613
TOTAL INVESTMENTS — 100.03%
(Cost $519,405,832)
$493,031,895
OTHER ASSETS & LIABILITIES, NET — (0.03)% $(155,141)
TOTAL NET ASSETS — 100.00% $492,876,754
 
(a) Issuer is considered an affiliate of the Fund, see Notes to Schedule of Investments.
(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 at March 28, 2024. See Notes to Schedule of Investments.
See Notes to Schedule of Investments.

March 28, 2024

 

EMPOWER FUNDS, INC.
EMPOWER LIFETIME 2020 FUND
Schedule of Investments
As of March 28, 2024 (Unaudited)
Shares   Fair Value
BOND MUTUAL FUNDS
5,046,847 Empower Bond Index Fund Institutional Class(a) $ 41,888,836
2,458,449 Empower Core Bond Fund Institutional Class(a)  20,577,215
2,737,761 Empower Global Bond Fund Institutional Class(a)  20,861,741
1,218,577 Empower High Yield Bond Fund Institutional Class(a)  11,795,823
4,592,554 Empower Inflation-Protected Securities Fund Institutional Class(a)  40,873,728
2,023,277 Empower Multi-Sector Bond Fund Institutional Class(a)  16,692,036
1,889,454 Empower Short Duration Bond Fund Institutional Class(a)  18,138,763
     
TOTAL BOND MUTUAL FUNDS — 44.77%
(Cost $186,317,330)
$170,828,142
EQUITY MUTUAL FUNDS
257,339 American Century Real Estate Fund Class R6 6,309,943
732,810 DFA International Real Estate Securities Portfolio Institutional Class 2,682,087
136,605 Empower Ariel Mid Cap Value Fund Institutional Class(a) 1,472,598
730,653 Empower Emerging Markets Equity Fund Institutional Class(a) 6,524,733
879,530 Empower International Growth Fund Institutional Class(a) 8,549,037
1,666,573 Empower International Index Fund Institutional Class(a) 18,182,312
1,090,746 Empower International Value Fund Institutional Class(a) 9,631,285
1,332,510 Empower Large Cap Growth Fund Institutional Class(a) 15,483,770
2,238,837 Empower Large Cap Value Fund Institutional Class(a) 16,970,385
647,776 Empower Mid Cap Value Fund Institutional Class(a) 5,823,503
404,398 Empower Real Estate Index Fund Institutional Class(a) 3,400,988
Shares   Fair Value
Equity Mutual Funds — (continued)
3,764,762 Empower S&P 500® Index Fund Institutional Class(a) $ 32,414,599
1,624,526 Empower S&P Mid Cap 400® Index Fund Institutional Class(a)  14,052,149
1,022,410 Empower S&P Small Cap 600® Index Fund Institutional Class(a)   6,839,921
56,977 Empower Small Cap Growth Fund Institutional Class(a)     655,238
504,722 Empower Small Cap Value Fund Institutional Class(a)   3,608,761
1,010,446 Empower T. Rowe Price Mid Cap Growth Fund Institutional Class(a)   6,679,047
635,018 Fidelity® Emerging Markets Index Fund Institutional Class   6,521,638
90,056 Janus Henderson Triton Fund Class N 2,548,585
     
TOTAL EQUITY MUTUAL FUNDS — 44.13%
(Cost $164,013,356)
$168,350,579
Account Balance    
FIXED INTEREST CONTRACT
42,478,777(b) Empower of America Contract(a) 1.80%(c) 42,478,777
     
TOTAL FIXED INTEREST CONTRACT — 11.13%
(Cost $42,478,777)
$42,478,777
TOTAL INVESTMENTS — 100.03%
(Cost $392,809,463)
$381,657,498
OTHER ASSETS & LIABILITIES, NET — (0.03)% $(117,340)
TOTAL NET ASSETS — 100.00% $381,540,158
 
(a) Issuer is considered an affiliate of the Fund, see Notes to Schedule of Investments.
(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 at March 28, 2024. See Notes to Schedule of Investments.
See Notes to Schedule of Investments.

March 28, 2024

 

EMPOWER FUNDS, INC.
EMPOWER LIFETIME 2025 FUND
Schedule of Investments
As of March 28, 2024 (Unaudited)
Shares   Fair Value
BOND MUTUAL FUNDS
17,010,804 Empower Bond Index Fund Institutional Class(a) $  141,189,676
8,305,248 Empower Core Bond Fund Institutional Class(a)    69,514,922
8,787,236 Empower Global Bond Fund Institutional Class(a)    66,958,739
4,117,836 Empower High Yield Bond Fund Institutional Class(a)    39,860,653
11,520,947 Empower Inflation-Protected Securities Fund Institutional Class(a)   102,536,432
6,823,659 Empower Multi-Sector Bond Fund Institutional Class(a)    56,295,184
4,953,123 Empower Short Duration Bond Fund Institutional Class(a)    47,549,978
     
TOTAL BOND MUTUAL FUNDS — 41.49%
(Cost $581,523,263)
$523,905,584
EQUITY MUTUAL FUNDS
855,980 American Century Real Estate Fund Class R6 20,988,633
2,590,243 DFA International Real Estate Securities Portfolio Institutional Class 9,480,289
495,243 Empower Ariel Mid Cap Value Fund Institutional Class(a) 5,338,724
2,925,915 Empower Emerging Markets Equity Fund Institutional Class(a) 26,128,422
3,412,083 Empower International Growth Fund Institutional Class(a) 33,165,445
6,475,179 Empower International Index Fund Institutional Class(a) 70,644,210
4,243,999 Empower International Value Fund Institutional Class(a) 37,474,510
4,868,280 Empower Large Cap Growth Fund Institutional Class(a) 56,569,413
8,141,000 Empower Large Cap Value Fund Institutional Class(a) 61,708,778
2,354,955 Empower Mid Cap Value Fund Institutional Class(a) 21,171,048
Shares   Fair Value
Equity Mutual Funds — (continued)
1,348,010 Empower Real Estate Index Fund Institutional Class(a) $   11,336,768
13,726,625 Empower S&P 500® Index Fund Institutional Class(a)   118,186,240
5,882,249 Empower S&P Mid Cap 400® Index Fund Institutional Class(a)    50,881,449
4,070,948 Empower S&P Small Cap 600® Index Fund Institutional Class(a)    27,234,642
220,425 Empower Small Cap Growth Fund Institutional Class(a)     2,534,891
2,028,311 Empower Small Cap Value Fund Institutional Class(a)    14,502,425
3,692,246 Empower T. Rowe Price Mid Cap Growth Fund Institutional Class(a)    24,405,743
2,543,944 Fidelity® Emerging Markets Index Fund Institutional Class 26,126,300
363,307 Janus Henderson Triton Fund Class N 10,281,573
     
TOTAL EQUITY MUTUAL FUNDS — 49.75%
(Cost $626,266,773)
$628,159,503
Account Balance    
FIXED INTEREST CONTRACT
110,987,043(b) Empower of America Contract(a) 1.80%(c) 110,987,043
     
TOTAL FIXED INTEREST CONTRACT — 8.79%
(Cost $110,987,043)
$110,987,043
TOTAL INVESTMENTS — 100.03%
(Cost $1,318,777,079)
$1,263,052,130
OTHER ASSETS & LIABILITIES, NET — (0.03)% $(406,986)
TOTAL NET ASSETS — 100.00% $1,262,645,144
 
(a) Issuer is considered an affiliate of the Fund, see Notes to Schedule of Investments.
(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 at March 28, 2024. See Notes to Schedule of Investments.
See Notes to Schedule of Investments.

March 28, 2024

 

EMPOWER FUNDS, INC.
EMPOWER LIFETIME 2030 FUND
Schedule of Investments
As of March 28, 2024 (Unaudited)
Shares   Fair Value
BOND MUTUAL FUNDS
7,458,948 Empower Bond Index Fund Institutional Class(a) $ 61,909,266
3,631,541 Empower Core Bond Fund Institutional Class(a)  30,395,998
3,694,120 Empower Global Bond Fund Institutional Class(a)  28,149,192
1,802,605 Empower High Yield Bond Fund Institutional Class(a)  17,449,218
3,677,213 Empower Inflation-Protected Securities Fund Institutional Class(a)  32,727,197
2,982,903 Empower Multi-Sector Bond Fund Institutional Class(a)  24,608,951
1,682,691 Empower Short Duration Bond Fund Institutional Class(a)  16,153,838
     
TOTAL BOND MUTUAL FUNDS — 36.02%
(Cost $225,349,796)
$211,393,660
EQUITY MUTUAL FUNDS
404,953 American Century Real Estate Fund Class R6 9,929,453
1,284,390 DFA International Real Estate Securities Portfolio Institutional Class 4,700,867
258,492 Empower Ariel Mid Cap Value Fund Institutional Class(a) 2,786,547
1,679,082 Empower Emerging Markets Equity Fund Institutional Class(a) 14,994,199
1,902,840 Empower International Growth Fund Institutional Class(a) 18,495,607
3,602,353 Empower International Index Fund Institutional Class(a) 39,301,665
2,362,347 Empower International Value Fund Institutional Class(a) 20,859,522
2,558,615 Empower Large Cap Growth Fund Institutional Class(a) 29,731,105
4,285,983 Empower Large Cap Value Fund Institutional Class(a) 32,487,749
1,241,720 Empower Mid Cap Value Fund Institutional Class(a) 11,163,059
638,366 Empower Real Estate Index Fund Institutional Class(a) 5,368,658
Shares   Fair Value
Equity Mutual Funds — (continued)
7,194,801 Empower S&P 500® Index Fund Institutional Class(a) $ 61,947,240
3,103,361 Empower S&P Mid Cap 400® Index Fund Institutional Class(a)  26,844,070
2,362,306 Empower S&P Small Cap 600® Index Fund Institutional Class(a)  15,803,829
128,247 Empower Small Cap Growth Fund Institutional Class(a)   1,474,836
1,170,890 Empower Small Cap Value Fund Institutional Class(a)   8,371,867
1,937,793 Empower T. Rowe Price Mid Cap Growth Fund Institutional Class(a)  12,808,814
1,459,914 Fidelity® Emerging Markets Index Fund Institutional Class  14,993,318
208,793 Janus Henderson Triton Fund Class N 5,908,844
     
TOTAL EQUITY MUTUAL FUNDS — 57.60%
(Cost $331,857,699)
$337,971,249
Account Balance    
FIXED INTEREST CONTRACT
37,632,770(b) Empower of America Contract(a) 1.80%(c) 37,632,770
     
TOTAL FIXED INTEREST CONTRACT — 6.41%
(Cost $37,632,770)
$37,632,770
TOTAL INVESTMENTS — 100.03%
(Cost $594,840,265)
$586,997,679
OTHER ASSETS & LIABILITIES, NET — (0.03)% $(178,796)
TOTAL NET ASSETS — 100.00% $586,818,883
 
(a) Issuer is considered an affiliate of the Fund, see Notes to Schedule of Investments.
(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 at March 28, 2024. See Notes to Schedule of Investments.
See Notes to Schedule of Investments.

March 28, 2024

 

EMPOWER FUNDS, INC.
EMPOWER LIFETIME 2035 FUND
Schedule of Investments
As of March 28, 2024 (Unaudited)
Shares   Fair Value
BOND MUTUAL FUNDS
14,997,470 Empower Bond Index Fund Institutional Class(a) $  124,479,001
7,289,861 Empower Core Bond Fund Institutional Class(a)    61,016,133
7,183,045 Empower Global Bond Fund Institutional Class(a)    54,734,803
3,634,112 Empower High Yield Bond Fund Institutional Class(a)    35,178,209
5,201,224 Empower Inflation-Protected Securities Fund Institutional Class(a)    46,290,891
6,002,714 Empower Multi-Sector Bond Fund Institutional Class(a)    49,522,389
2,602,497 Empower Short Duration Bond Fund Institutional Class(a)    24,983,970
     
TOTAL BOND MUTUAL FUNDS — 27.94%
(Cost $433,260,500)
$396,205,396
EQUITY MUTUAL FUNDS
990,566 American Century Real Estate Fund Class R6 24,288,683
3,304,334 DFA International Real Estate Securities Portfolio Institutional Class 12,093,863
720,743 Empower Ariel Mid Cap Value Fund Institutional Class(a) 7,769,607
5,083,499 Empower Emerging Markets Equity Fund Institutional Class(a) 45,395,649
5,579,796 Empower International Growth Fund Institutional Class(a) 54,235,619
10,613,065 Empower International Index Fund Institutional Class(a) 115,788,538
6,964,266 Empower International Value Fund Institutional Class(a) 61,494,467
7,112,268 Empower Large Cap Growth Fund Institutional Class(a) 82,644,548
11,973,815 Empower Large Cap Value Fund Institutional Class(a) 90,761,518
3,470,499 Empower Mid Cap Value Fund Institutional Class(a) 31,199,782
Shares   Fair Value
Equity Mutual Funds — (continued)
1,557,352 Empower Real Estate Index Fund Institutional Class(a) $   13,097,327
20,120,680 Empower S&P 500® Index Fund Institutional Class(a)   173,239,064
8,669,861 Empower S&P Mid Cap 400® Index Fund Institutional Class(a)    74,994,305
7,191,304 Empower S&P Small Cap 600® Index Fund Institutional Class(a)    48,109,826
384,500 Empower Small Cap Growth Fund Institutional Class(a)     4,421,748
3,567,816 Empower Small Cap Value Fund Institutional Class(a)    25,509,882
5,405,674 Empower T. Rowe Price Mid Cap Growth Fund Institutional Class(a)    35,731,506
4,419,351 Fidelity® Emerging Markets Index Fund Institutional Class 45,386,727
632,261 Janus Henderson Triton Fund Class N 17,892,994
     
TOTAL EQUITY MUTUAL FUNDS — 67.99%
(Cost $951,179,810)
$964,055,653
Account Balance    
FIXED INTEREST CONTRACT
58,153,558(b) Empower of America Contract(a) 1.80%(c) 58,153,558
     
TOTAL FIXED INTEREST CONTRACT — 4.10%
(Cost $58,153,558)
$58,153,558
TOTAL INVESTMENTS — 100.03%
(Cost $1,442,593,868)
$1,418,414,607
OTHER ASSETS & LIABILITIES, NET — (0.03)% $(469,000)
TOTAL NET ASSETS — 100.00% $1,417,945,607
 
(a) Issuer is considered an affiliate of the Fund, see Notes to Schedule of Investments.
(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 at March 28, 2024. See Notes to Schedule of Investments.
See Notes to Schedule of Investments.

March 28, 2024

 

EMPOWER FUNDS, INC.
EMPOWER LIFETIME 2040 FUND
Schedule of Investments
As of March 28, 2024 (Unaudited)
Shares   Fair Value
BOND MUTUAL FUNDS
3,611,013 Empower Bond Index Fund Institutional Class(a) $ 29,971,408
1,758,514 Empower Core Bond Fund Institutional Class(a)  14,718,763
1,682,530 Empower Global Bond Fund Institutional Class(a)  12,820,876
874,061 Empower High Yield Bond Fund Institutional Class(a)   8,460,912
823,535 Empower Inflation-Protected Securities Fund Institutional Class(a)   7,329,460
1,449,710 Empower Multi-Sector Bond Fund Institutional Class(a)  11,960,107
469,723 Empower Short Duration Bond Fund Institutional Class(a)   4,509,345
     
TOTAL BOND MUTUAL FUNDS — 19.00%
(Cost $93,630,368)
$89,770,871
EQUITY MUTUAL FUNDS
333,120 American Century Real Estate Fund Class R6 8,168,117
1,163,032 DFA International Real Estate Securities Portfolio Institutional Class 4,256,696
270,771 Empower Ariel Mid Cap Value Fund Institutional Class(a) 2,918,909
2,086,694 Empower Emerging Markets Equity Fund Institutional Class(a) 18,634,174
2,229,575 Empower International Growth Fund Institutional Class(a) 21,671,473
4,232,908 Empower International Index Fund Institutional Class(a) 46,181,022
2,774,394 Empower International Value Fund Institutional Class(a) 24,497,897
2,673,454 Empower Large Cap Growth Fund Institutional Class(a) 31,065,538
4,500,149 Empower Large Cap Value Fund Institutional Class(a) 34,111,130
1,302,776 Empower Mid Cap Value Fund Institutional Class(a) 11,711,961
523,199 Empower Real Estate Index Fund Institutional Class(a) 4,400,104
Shares   Fair Value
Equity Mutual Funds — (continued)
7,561,899 Empower S&P 500® Index Fund Institutional Class(a) $ 65,107,954
3,258,355 Empower S&P Mid Cap 400® Index Fund Institutional Class(a)  28,184,773
2,929,403 Empower S&P Small Cap 600® Index Fund Institutional Class(a)  19,597,706
156,948 Empower Small Cap Growth Fund Institutional Class(a)   1,804,907
1,454,579 Empower Small Cap Value Fund Institutional Class(a)  10,400,239
2,036,587 Empower T. Rowe Price Mid Cap Growth Fund Institutional Class(a)  13,461,838
1,814,545 Fidelity® Emerging Markets Index Fund Institutional Class  18,635,376
259,407 Janus Henderson Triton Fund Class N 7,341,210
     
TOTAL EQUITY MUTUAL FUNDS — 78.79%
(Cost $369,642,788)
$372,151,024
Account Balance    
FIXED INTEREST CONTRACT
10,568,439(b) Empower of America Contract(a) 1.80%(c) 10,568,439
     
TOTAL FIXED INTEREST CONTRACT — 2.24%
(Cost $10,568,439)
$10,568,439
TOTAL INVESTMENTS — 100.03%
(Cost $473,841,595)
$472,490,334
OTHER ASSETS & LIABILITIES, NET — (0.03)% $(149,546)
TOTAL NET ASSETS — 100.00% $472,340,788
 
(a) Issuer is considered an affiliate of the Fund, see Notes to Schedule of Investments.
(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 at March 28, 2024. See Notes to Schedule of Investments.
See Notes to Schedule of Investments.

March 28, 2024

 

EMPOWER FUNDS, INC.
EMPOWER LIFETIME 2045 FUND
Schedule of Investments
As of March 28, 2024 (Unaudited)
Shares   Fair Value
BOND MUTUAL FUNDS
5,281,481 Empower Bond Index Fund Institutional Class(a) $   43,836,295
2,567,897 Empower Core Bond Fund Institutional Class(a)    21,493,296
2,408,532 Empower Global Bond Fund Institutional Class(a)    18,353,011
1,276,333 Empower High Yield Bond Fund Institutional Class(a)    12,354,908
676,273 Empower Inflation-Protected Securities Fund Institutional Class(a)     6,018,829
2,117,460 Empower Multi-Sector Bond Fund Institutional Class(a)    17,469,048
496,977 Empower Short Duration Bond Fund Institutional Class(a)     4,770,974
     
TOTAL BOND MUTUAL FUNDS — 11.91%
(Cost $133,676,737)
$124,296,361
EQUITY MUTUAL FUNDS
748,815 American Century Real Estate Fund Class R6 18,360,934
2,711,111 DFA International Real Estate Securities Portfolio Institutional Class 9,922,667
645,384 Empower Ariel Mid Cap Value Fund Institutional Class(a) 6,957,237
5,377,183 Empower Emerging Markets Equity Fund Institutional Class(a) 48,018,247
5,590,509 Empower International Growth Fund Institutional Class(a) 54,339,750
10,619,612 Empower International Index Fund Institutional Class(a) 115,859,969
6,961,465 Empower International Value Fund Institutional Class(a) 61,469,735
6,348,075 Empower Large Cap Growth Fund Institutional Class(a) 73,764,632
10,659,216 Empower Large Cap Value Fund Institutional Class(a) 80,796,862
3,084,904 Empower Mid Cap Value Fund Institutional Class(a) 27,733,288
Shares   Fair Value
Equity Mutual Funds — (continued)
1,168,910 Empower Real Estate Index Fund Institutional Class(a) $    9,830,530
17,930,296 Empower S&P 500® Index Fund Institutional Class(a)   154,379,847
7,719,546 Empower S&P Mid Cap 400® Index Fund Institutional Class(a)    66,774,073
7,477,682 Empower S&P Small Cap 600® Index Fund Institutional Class(a)    50,025,692
410,388 Empower Small Cap Growth Fund Institutional Class(a)     4,719,466
3,705,260 Empower Small Cap Value Fund Institutional Class(a)    26,492,607
4,826,580 Empower T. Rowe Price Mid Cap Growth Fund Institutional Class(a)    31,903,697
4,674,839 Fidelity® Emerging Markets Index Fund Institutional Class 48,010,600
661,006 Janus Henderson Triton Fund Class N 18,706,472
     
TOTAL EQUITY MUTUAL FUNDS — 87.05%
(Cost $898,361,710)
$908,066,305
Account Balance    
FIXED INTEREST CONTRACT
11,201,287(b) Empower of America Contract(a) 1.80%(c) 11,201,287
     
TOTAL FIXED INTEREST CONTRACT — 1.07%
(Cost $11,201,287)
$11,201,287
TOTAL INVESTMENTS — 100.03%
(Cost $1,043,239,734)
$1,043,563,953
OTHER ASSETS & LIABILITIES, NET — (0.03)% $(348,983)
TOTAL NET ASSETS — 100.00% $1,043,214,970
 
(a) Issuer is considered an affiliate of the Fund, see Notes to Schedule of Investments.
(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 at March 28, 2024. See Notes to Schedule of Investments.
See Notes to Schedule of Investments.

March 28, 2024

 

EMPOWER FUNDS, INC.
EMPOWER LIFETIME 2050 FUND
Schedule of Investments
As of March 28, 2024 (Unaudited)
Shares   Fair Value
BOND MUTUAL FUNDS
1,277,406 Empower Bond Index Fund Institutional Class(a) $ 10,602,467
618,764 Empower Core Bond Fund Institutional Class(a)   5,179,051
574,291 Empower Global Bond Fund Institutional Class(a)   4,376,100
308,863 Empower High Yield Bond Fund Institutional Class(a)   2,989,794
58,557 Empower Inflation-Protected Securities Fund Institutional Class(a)     521,159
510,494 Empower Multi-Sector Bond Fund Institutional Class(a)   4,211,577
83,249 Empower Short Duration Bond Fund Institutional Class(a)     799,193
     
TOTAL BOND MUTUAL FUNDS — 8.21%
(Cost $29,775,150)
$28,679,341
EQUITY MUTUAL FUNDS
253,157 American Century Real Estate Fund Class R6 6,207,401
954,742 DFA International Real Estate Securities Portfolio Institutional Class 3,494,355
219,970 Empower Ariel Mid Cap Value Fund Institutional Class(a) 2,371,276
1,992,619 Empower Emerging Markets Equity Fund Institutional Class(a) 17,794,084
2,010,937 Empower International Growth Fund Institutional Class(a) 19,546,305
3,817,123 Empower International Index Fund Institutional Class(a) 41,644,814
2,501,439 Empower International Value Fund Institutional Class(a) 22,087,704
2,158,848 Empower Large Cap Growth Fund Institutional Class(a) 25,085,812
3,623,788 Empower Large Cap Value Fund Institutional Class(a) 27,468,316
1,049,460 Empower Mid Cap Value Fund Institutional Class(a) 9,434,642
399,067 Empower Real Estate Index Fund Institutional Class(a) 3,356,157
Shares   Fair Value
Equity Mutual Funds — (continued)
6,089,924 Empower S&P 500® Index Fund Institutional Class(a) $ 52,434,246
2,628,220 Empower S&P Mid Cap 400® Index Fund Institutional Class(a)  22,734,106
2,748,434 Empower S&P Small Cap 600® Index Fund Institutional Class(a)  18,387,022
149,548 Empower Small Cap Growth Fund Institutional Class(a)   1,719,807
1,358,958 Empower Small Cap Value Fund Institutional Class(a)   9,716,552
1,639,669 Empower T. Rowe Price Mid Cap Growth Fund Institutional Class(a)  10,838,208
1,732,260 Fidelity® Emerging Markets Index Fund Institutional Class  17,790,312
242,682 Janus Henderson Triton Fund Class N 6,867,912
     
TOTAL EQUITY MUTUAL FUNDS — 91.29%
(Cost $313,206,830)
$318,979,031
Account Balance    
FIXED INTEREST CONTRACT
1,841,687(b) Empower of America Contract(a) 1.80%(c) 1,841,687
     
TOTAL FIXED INTEREST CONTRACT — 0.53%
(Cost $1,841,687)
$1,841,687
TOTAL INVESTMENTS — 100.03%
(Cost $344,823,667)
$349,500,059
OTHER ASSETS & LIABILITIES, NET — (0.03)% $(111,112)
TOTAL NET ASSETS — 100.00% $349,388,947
 
(a) Issuer is considered an affiliate of the Fund, see Notes to Schedule of Investments.
(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 at March 28, 2024. See Notes to Schedule of Investments.
See Notes to Schedule of Investments.

March 28, 2024

 

EMPOWER FUNDS, INC.
EMPOWER LIFETIME 2055 FUND
Schedule of Investments
As of March 28, 2024 (Unaudited)
Shares   Fair Value
BOND MUTUAL FUNDS
1,776,331 Empower Bond Index Fund Institutional Class(a) $ 14,743,550
864,400 Empower Core Bond Fund Institutional Class(a)   7,235,029
805,882 Empower Global Bond Fund Institutional Class(a)   6,140,821
432,671 Empower High Yield Bond Fund Institutional Class(a)   4,188,250
712,742 Empower Multi-Sector Bond Fund Institutional Class(a)   5,880,125
84,935 Empower Short Duration Bond Fund Institutional Class(a)     815,370
     
TOTAL BOND MUTUAL FUNDS — 7.14%
(Cost $41,799,116)
$39,003,145
EQUITY MUTUAL FUNDS
397,779 American Century Real Estate Fund Class R6 9,753,538
1,567,796 DFA International Real Estate Securities Portfolio Institutional Class 5,738,133
337,893 Empower Ariel Mid Cap Value Fund Institutional Class(a) 3,642,491
3,316,496 Empower Emerging Markets Equity Fund Institutional Class(a) 29,616,311
3,260,015 Empower International Growth Fund Institutional Class(a) 31,687,346
6,184,880 Empower International Index Fund Institutional Class(a) 67,477,040
4,051,429 Empower International Value Fund Institutional Class(a) 35,774,120
3,312,262 Empower Large Cap Growth Fund Institutional Class(a) 38,488,486
5,543,195 Empower Large Cap Value Fund Institutional Class(a) 42,017,418
1,606,473 Empower Mid Cap Value Fund Institutional Class(a) 14,442,189
630,354 Empower Real Estate Index Fund Institutional Class(a) 5,301,277
9,345,606 Empower S&P 500® Index Fund Institutional Class(a) 80,465,666
Shares   Fair Value
Equity Mutual Funds — (continued)
4,019,320 Empower S&P Mid Cap 400® Index Fund Institutional Class(a) $ 34,767,117
4,494,608 Empower S&P Small Cap 600® Index Fund Institutional Class(a)  30,068,930
243,187 Empower Small Cap Growth Fund Institutional Class(a)   2,796,649
2,226,406 Empower Small Cap Value Fund Institutional Class(a)  15,918,800
2,506,385 Empower T. Rowe Price Mid Cap Growth Fund Institutional Class(a)  16,567,205
2,883,198 Fidelity® Emerging Markets Index Fund Institutional Class  29,610,445
398,172 Janus Henderson Triton Fund Class N  11,268,272
     
TOTAL EQUITY MUTUAL FUNDS — 92.53%
(Cost $497,601,021)
$505,401,433
Account Balance    
FIXED INTEREST CONTRACT
1,956,792(b) Empower of America Contract(a) 1.80%(c) 1,956,792
     
TOTAL FIXED INTEREST CONTRACT — 0.36%
(Cost $1,956,792)
$1,956,792
TOTAL INVESTMENTS — 100.03%
(Cost $541,356,929)
$546,361,370
OTHER ASSETS & LIABILITIES, NET — (0.03)% $(173,945)
TOTAL NET ASSETS — 100.00% $546,187,425
 
(a) Issuer is considered an affiliate of the Fund, see Notes to Schedule of Investments.
(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 at March 28, 2024. See Notes to Schedule of Investments.
See Notes to Schedule of Investments.

March 28, 2024

 

EMPOWER FUNDS, INC.
EMPOWER LIFETIME 2060 FUND
Schedule of Investments
As of March 28, 2024 (Unaudited)
Shares   Fair Value
BOND MUTUAL FUNDS
188,564 Empower Bond Index Fund Institutional Class(a) $ 1,565,078
91,615 Empower Core Bond Fund Institutional Class(a)    766,813
90,811 Empower Global Bond Fund Institutional Class(a)    691,979
45,985 Empower High Yield Bond Fund Institutional Class(a)    445,139
75,774 Empower Multi-Sector Bond Fund Institutional Class(a)    625,137
9,010 Empower Short Duration Bond Fund Institutional Class(a)     86,499
     
TOTAL BOND MUTUAL FUNDS — 6.73%
(Cost $4,156,736)
$4,180,645
EQUITY MUTUAL FUNDS
45,859 American Century Real Estate Fund Class R6 1,124,452
188,479 DFA International Real Estate Securities Portfolio Institutional Class 689,835
37,199 Empower Ariel Mid Cap Value Fund Institutional Class(a) 401,000
397,208 Empower Emerging Markets Equity Fund Institutional Class(a) 3,547,065
380,601 Empower International Growth Fund Institutional Class(a) 3,699,443
721,248 Empower International Index Fund Institutional Class(a) 7,868,820
472,833 Empower International Value Fund Institutional Class(a) 4,175,115
364,336 Empower Large Cap Growth Fund Institutional Class(a) 4,233,586
611,674 Empower Large Cap Value Fund Institutional Class(a) 4,636,487
177,156 Empower Mid Cap Value Fund Institutional Class(a) 1,592,630
72,628 Empower Real Estate Index Fund Institutional Class(a) 610,805
Shares   Fair Value
Equity Mutual Funds — (continued)
1,030,473 Empower S&P 500® Index Fund Institutional Class(a) $ 8,872,370
443,011 Empower S&P Mid Cap 400® Index Fund Institutional Class(a)  3,832,049
530,256 Empower S&P Small Cap 600® Index Fund Institutional Class(a)  3,547,413
28,771 Empower Small Cap Growth Fund Institutional Class(a)    330,872
262,712 Empower Small Cap Value Fund Institutional Class(a)  1,878,388
276,570 Empower T. Rowe Price Mid Cap Growth Fund Institutional Class(a)  1,828,128
345,360 Fidelity® Emerging Markets Index Fund Institutional Class  3,546,843
46,846 Janus Henderson Triton Fund Class N 1,325,756
     
TOTAL EQUITY MUTUAL FUNDS — 92.96%
(Cost $53,218,986)
$57,741,057
Account Balance    
FIXED INTEREST CONTRACT
210,080(b) Empower of America Contract(a) 1.80%(c) 210,080
     
TOTAL FIXED INTEREST CONTRACT — 0.34%
(Cost $210,080)
$210,080
TOTAL INVESTMENTS — 100.03%
(Cost $57,585,802)
$62,131,782
OTHER ASSETS & LIABILITIES, NET — (0.03)% $(18,624)
TOTAL NET ASSETS — 100.00% $62,113,158
 
(a) Issuer is considered an affiliate of the Fund, see Notes to Schedule of Investments.
(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 at March 28, 2024. See Notes to Schedule of Investments.
See Notes to Schedule of Investments.

March 28, 2024

 

EMPOWER FUNDS, INC.
Notes to Schedule of Investments (Unaudited)

Security Valuation
The Board of Directors of the Funds has adopted policies and procedures for the valuation of each Fund's securities and assets, and has appointed the Fair Value Pricing Committee of the investment adviser, Empower Capital Management, LLC (ECM or the Adviser), to complete valuation determinations under those policies and procedures. Pursuant to Rule 2a-5 under the Investment Company Act of 1940, as amended (the 1940 Act), the Board of Directors approved the Adviser as the Funds' valuation designee to make all fair value determinations with respect to the Funds investments, subject to oversight by the Board of Directors.
Investments in shares of the underlying mutual funds are valued at the net asset value as reported by the underlying mutual fund, which may be obtained from pricing services or other pricing sources. The inputs used by the pricing services are reviewed quarterly or when the pricing vendor issues updates to its pricing methodologies. The net asset value of each class of a Fund's shares is determined by dividing the net assets attributable to each class of shares of the Fund by the number of issued and outstanding shares of each class of the Fund on each valuation date.
Investments in fixed interest contracts issued by Empower Annuity Insurance Company of America (Empower of America Contract) are valued at the amount of net deposits plus accrued interest, determined on a daily basis.  The Empower of America Contract is backed by the general account of Empower Annuity Insurance Company of America (Empower of America).
The Funds classify valuations into three levels based upon the observability of inputs to the valuation of each Fund’s investments.  The valuation levels are not necessarily an indication of the risk or liquidity associated with the underlying investment. Classification is based on the lowest level of input significant to the fair value measurement. The three levels are defined as follows:
Level 1 – Unadjusted quoted prices for identical securities in active markets.
Level 2 – Inputs other than quoted prices included in Level 1 that are observable either directly or indirectly.  These may include quoted prices for similar assets in active markets. 
Level 3 – Unobservable inputs to the extent observable inputs are not available. Unobservable inputs reflect a Fund’s own assumptions and would be based on the best information available under the circumstances.
As of March 28, 2024, each Fund’s investments in the underlying mutual funds are valued using Level 1 inputs.  Each Fund’s investment in the Empower of America Contract is valued using Level 2 inputs. More information regarding each Fund’s sector classifications are included in the Schedule of Investments.
Fund-of-Funds Structure Risk
Since each Fund invests directly in underlying funds, all risks associated with the eligible underlying funds apply to each Fund. To the extent each Fund invests more of its assets in one underlying fund than another, each Fund will have greater exposure to the risks of that underlying fund.
Transactions with Affiliates
Each Fund may invest in the Empower of America Contract pursuant to exemptive relief issued by the U.S. Securities and Exchange Commission. The Empower of America Contract has a stable principal value and accrues a fixed rate of interest, which is reflected in the daily valuation of the Funds. Empower of America calculates the interest rate in the same way it calculates guaranteed interest rates for similar contracts (on a calendar quarter or other periodic basis). As a result of Empower of America being an affiliated entity, the Funds are exposed to the risk of unanticipated industry conditions as well as risks specific to a single corporation. If Empower of America were to become insolvent, the Empower of America Contract would be settled commensurate with other policy holder obligations.

March 28, 2024

 

The amounts deposited will accrue interest at a declared rate of interest, adjustable on a calendar quarter or other periodic basis, guaranteed to be no less than 1.00%.The investment in the Empower of America Contract may be terminated by Empower of America or the Funds upon 7 days prior written notice. The guaranteed interest rate paid will be at least as favorable as the guaranteed interest rate paid on other similar products issued by Empower of America.
The following tables are a summary of the transactions for each underlying investment during the period ended March 28, 2024, in which the issuer was an affiliate of a Fund, as defined in the 1940 Act.
Empower Lifetime 2015 Fund
Affiliate Shares Held/
Account
Balance
03/28/2024
Value
12/31/2023
Purchase
Cost
Sales
Cost
Net Realized
Gain (Loss)
  Net Change
Unrealized
Appreciation
(Depreciation)
  Dividends
and
Interest
Received
  Distributions
Received
  Value
03/28/2024
BOND MUTUAL FUNDS 46.88%                          
Empower Bond Index Fund Institutional Class 6,081,465 $50,593,613 $1,450,403 $1,310,146 $(158,407)   $(257,711)   $-   $-   $50,476,159
Empower Core Bond Fund Institutional Class 2,959,084 24,878,235 654,968 742,834 (92,532)   (22,831)   -   -   24,767,538
Empower Global Bond Fund Institutional Class 3,534,058 27,090,003 724,180 583,789 (82,877)   (300,871)   -   -   26,929,523
Empower High Yield Bond Fund Institutional Class 1,465,162 14,271,819 199,787 468,673 10,071   179,840   -   -   14,182,772
Empower Inflation-Protected Securities Fund Institutional Class 7,440,233 66,300,376 1,436,864 1,931,335 (186,797)   412,163   -   -   66,218,067
Empower Multi-Sector Bond Fund Institutional Class 2,436,338 20,197,676 362,105 738,184 (108,190)   278,189   -   -   20,099,786
Empower Short Duration Bond Fund Institutional Class 2,959,437 28,515,843 565,579 903,284 (25,804)   232,461   -   -   28,410,599
          (644,536)   521,240   0   0   231,084,444
EQUITY MUTUAL FUNDS 35.43%                          
Empower Ariel Mid Cap Value Fund Institutional Class 161,647 1,735,883 31,685 138,400 (38,826)   113,391   -   -   1,742,559
Empower Emerging Markets Equity Fund Institutional Class 794,498 7,265,319 130,357 495,784 151,236   194,973   -   -   7,094,865
Empower International Growth Fund Institutional Class 987,232 9,756,119 120,824 1,063,748 (230,071)   782,700   -   -   9,595,895
Empower International Index Fund Institutional Class 1,873,015 20,831,243 188,180 1,145,291 600,944   560,461   -   -   20,434,593
Empower International Value Fund Institutional Class 1,227,178 11,017,560 101,302 674,877 269,585   392,000   -   -   10,835,985
Empower Large Cap Growth Fund Institutional Class 1,592,704 18,689,698 189,216 3,087,829 (272,841)   2,716,134   -   -   18,507,219
Empower Large Cap Value Fund Institutional Class 2,660,669 20,295,966 59,169 2,030,164 256,222   1,842,901   -   -   20,167,872
Empower Mid Cap Value Fund Institutional Class 771,977 6,971,725 35,201 839,988 (185,126)   773,133   -   -   6,940,071
Empower Real Estate Index Fund Institutional Class 507,176 4,270,344 178,613 161,028 10,995   (22,575)   -   -   4,265,354
Empower S&P 500® Index Fund Institutional Class 4,481,537 38,972,099 165,065 4,890,065 (461,793)   4,338,931   -   -   38,586,030
Empower S&P Mid Cap 400® Index Fund Institutional Class 1,922,775 16,632,415 95,489 1,889,961 (220,207)   1,794,062   -   -   16,632,005
Empower S&P Small Cap 600® Index Fund Institutional Class 1,087,592 7,250,406 187,280 501,277 (160,167)   339,578   -   -   7,275,987
Empower Small Cap Growth Fund Institutional Class 60,151 699,063 4,666 92,392 (24,219)   80,404   -   -   691,741
Empower Small Cap Value Fund Institutional Class 543,962 3,873,941 83,005 395,657 (109,141)   328,042   -   -   3,889,331

March 28, 2024

 

Empower Lifetime 2015 Fund
Affiliate Shares Held/
Account
Balance
03/28/2024
Value
12/31/2023
Purchase
Cost
Sales
Cost
Net Realized
Gain (Loss)
  Net Change
Unrealized
Appreciation
(Depreciation)
  Dividends
and
Interest
Received
  Distributions
Received
  Value
03/28/2024
Empower T. Rowe Price Mid Cap Growth Fund Institutional Class 1,203,734 $8,045,203 $39,228 $1,178,510 $(410,202)   $1,050,758   $-   $-   $7,956,679
          (823,611)   15,284,893   0   0   174,616,186
FIXED INTEREST CONTRACT 13.46%                          
Empower of America Contract 66,325,613 66,425,295 1,522,314 1,912,190 -   -   290,194   -   66,325,613
          0   0   290,194   0   66,325,613
        Total $(1,468,147)   $15,806,133   $290,194   $0   $472,026,243
Empower Lifetime 2020 Fund
Affiliate Shares Held/
Account
Balance
03/28/2024
Value
12/31/2023
Purchase
Cost
Sales
Cost
Net Realized
Gain (Loss)
  Net Change
Unrealized
Appreciation
(Depreciation)
  Dividends
and
Interest
Received
  Distributions
Received
  Value
03/28/2024
BOND MUTUAL FUNDS 44.77%                          
Empower Bond Index Fund Institutional Class 5,046,847 $40,184,277 $2,445,935 $508,278 $(91,222)   $(233,098)   $-   $-   $41,888,836
Empower Core Bond Fund Institutional Class 2,458,449 19,763,102 1,125,764 280,475 (55,744)   (31,176)   -   -   20,577,215
Empower Global Bond Fund Institutional Class 2,737,761 20,120,243 1,268,236 290,294 (46,702)   (236,444)   -   -   20,861,741
Empower High Yield Bond Fund Institutional Class 1,218,577 11,356,060 472,152 204,917 (15,128)   172,528   -   -   11,795,823
Empower Inflation-Protected Securities Fund Institutional Class 4,592,554 39,138,661 2,065,018 554,253 (84,085)   224,302   -   -   40,873,728
Empower Multi-Sector Bond Fund Institutional Class 2,023,277 16,015,580 743,317 254,886 (45,323)   188,025   -   -   16,692,036
Empower Short Duration Bond Fund Institutional Class 1,889,454 17,430,277 913,123 352,310 (18,245)   147,673   -   -   18,138,763
          (356,449)   231,810   0   0   170,828,142
EQUITY MUTUAL FUNDS 39.40%                          
Empower Ariel Mid Cap Value Fund Institutional Class 136,605 1,396,266 83,121 105,285 (34,841)   98,496   -   -   1,472,598
Empower Emerging Markets Equity Fund Institutional Class 730,653 6,412,072 354,959 749,560 (191,495)   507,262   -   -   6,524,733
Empower International Growth Fund Institutional Class 879,530 8,358,175 241,634 703,725 (168,819)   652,953   -   -   8,549,037
Empower International Index Fund Institutional Class 1,666,573 17,769,380 416,601 1,127,945 (104,306)   1,124,276   -   -   18,182,312
Empower International Value Fund Institutional Class 1,090,746 9,381,382 272,564 681,424 (75,981)   658,763   -   -   9,631,285
Empower Large Cap Growth Fund Institutional Class 1,332,510 14,966,269 380,382 2,033,891 (180,786)   2,171,010   -   -   15,483,770
Empower Large Cap Value Fund Institutional Class 2,238,837 16,361,502 309,977 1,686,328 (254,145)   1,985,234   -   -   16,970,385
Empower Mid Cap Value Fund Institutional Class 647,776 5,576,784 190,798 567,335 (137,758)   623,256   -   -   5,823,503

March 28, 2024

 

Empower Lifetime 2020 Fund
Affiliate Shares Held/
Account
Balance
03/28/2024
Value
12/31/2023
Purchase
Cost
Sales
Cost
Net Realized
Gain (Loss)
  Net Change
Unrealized
Appreciation
(Depreciation)
  Dividends
and
Interest
Received
  Distributions
Received
  Value
03/28/2024
Empower Real Estate Index Fund Institutional Class 404,398 $3,206,866 $306,523 $129,995 $(21,987)   $17,594   $-   $-   $3,400,988
Empower S&P 500® Index Fund Institutional Class 3,764,762 31,628,964 597,108 3,806,116 (824,447)   3,994,643   -   -   32,414,599
Empower S&P Mid Cap 400® Index Fund Institutional Class 1,624,526 13,453,359 477,299 1,507,970 (323,282)   1,629,461   -   -   14,052,149
Empower S&P Small Cap 600® Index Fund Institutional Class 1,022,410 6,484,685 572,204 518,638 (125,956)   301,670   -   -   6,839,921
Empower Small Cap Growth Fund Institutional Class 56,977 632,530 28,697 72,721 (14,999)   66,732   -   -   655,238
Empower Small Cap Value Fund Institutional Class 504,722 3,444,207 235,703 343,593 (68,440)   272,444   -   -   3,608,761
Empower T. Rowe Price Mid Cap Growth Fund Institutional Class 1,010,446 6,495,324 151,682 779,067 (288,253)   811,108   -   -   6,679,047
          (2,815,495)   14,914,902   0   0   150,288,326
FIXED INTEREST CONTRACT 11.13%                          
Empower of America Contract 42,478,777 40,729,948 2,455,043 888,051 -   -   181,837   -   42,478,777
          0   0   181,837   0   42,478,777
        Total $(3,171,944)   $15,146,712   $181,837   $0   $363,595,245
Empower Lifetime 2025 Fund
Affiliate Shares Held/
Account
Balance
03/28/2024
Value
12/31/2023
Purchase
Cost
Sales
Cost
Net Realized
Gain (Loss)
  Net Change
Unrealized
Appreciation
(Depreciation)
  Dividends
and
Interest
Received
  Distributions
Received
  Value
03/28/2024
BOND MUTUAL FUNDS 41.49%                          
Empower Bond Index Fund Institutional Class 17,010,804 $136,060,640 $8,998,054 $3,362,175 $(584,878)   $(506,843)   $-   $-   $141,189,676
Empower Core Bond Fund Institutional Class 8,305,248 67,069,325 4,172,166 1,700,629 (267,591)   (25,940)   -   -   69,514,922
Empower Global Bond Fund Institutional Class 8,787,236 64,729,260 4,140,392 1,191,423 (189,942)   (719,490)   -   -   66,958,739
Empower High Yield Bond Fund Institutional Class 4,117,836 38,509,952 1,878,943 1,038,859 20,878   510,617   -   -   39,860,653
Empower Inflation-Protected Securities Fund Institutional Class 11,520,947 98,683,323 5,552,712 2,283,494 (230,259)   583,891   -   -   102,536,432
Empower Multi-Sector Bond Fund Institutional Class 6,823,659 54,324,806 2,828,452 1,455,281 (115,182)   597,207   -   -   56,295,184
Empower Short Duration Bond Fund Institutional Class 4,953,123 45,875,592 2,561,803 1,280,964 (53,718)   393,547   -   -   47,549,978
          (1,420,692)   832,989   0   0   523,905,584
EQUITY MUTUAL FUNDS 44.46%                          
Empower Ariel Mid Cap Value Fund Institutional Class 495,243 5,110,902 315,045 441,730 (122,042)   354,507   -   -   5,338,724
Empower Emerging Markets Equity Fund Institutional Class 2,925,915 25,478,896 1,227,941 1,713,823 117,437   1,135,408   -   -   26,128,422

March 28, 2024

 

Empower Lifetime 2025 Fund
Affiliate Shares Held/
Account
Balance
03/28/2024
Value
12/31/2023
Purchase
Cost
Sales
Cost
Net Realized
Gain (Loss)
  Net Change
Unrealized
Appreciation
(Depreciation)
  Dividends
and
Interest
Received
  Distributions
Received
  Value
03/28/2024
Empower International Growth Fund Institutional Class 3,412,083 $32,199,115 $1,109,733 $2,390,274 $(376,386)   $2,246,871   $-   $-   $33,165,445
Empower International Index Fund Institutional Class 6,475,179 68,660,447 2,004,248 3,787,355 187,036   3,766,870   -   -   70,644,210
Empower International Value Fund Institutional Class 4,243,999 36,362,565 1,102,961 2,191,401 62,135   2,200,385   -   -   37,474,510
Empower Large Cap Growth Fund Institutional Class 4,868,280 54,721,202 1,765,743 7,301,553 (128,811)   7,384,021   -   -   56,569,413
Empower Large Cap Value Fund Institutional Class 8,141,000 59,481,004 1,404,620 4,326,275 1,174,452   5,149,429   -   -   61,708,778
Empower Mid Cap Value Fund Institutional Class 2,354,955 20,375,215 697,020 1,578,518 99,182   1,677,331   -   -   21,171,048
Empower Real Estate Index Fund Institutional Class 1,348,010 10,839,296 1,011,267 419,075 76,824   (94,720)   -   -   11,336,768
Empower S&P 500® Index Fund Institutional Class 13,726,625 114,237,507 2,589,141 11,716,160 (1,489,058)   13,075,752   -   -   118,186,240
Empower S&P Mid Cap 400® Index Fund Institutional Class 5,882,249 48,836,407 1,711,363 4,539,374 (111,469)   4,873,053   -   -   50,881,449
Empower S&P Small Cap 600® Index Fund Institutional Class 4,070,948 26,052,895 2,091,190 2,368,040 (757,550)   1,458,597   -   -   27,234,642
Empower Small Cap Growth Fund Institutional Class 220,425 2,443,409 105,832 284,549 (68,419)   270,199   -   -   2,534,891
Empower Small Cap Value Fund Institutional Class 2,028,311 13,885,783 935,619 1,609,182 (463,446)   1,290,205   -   -   14,502,425
Empower T. Rowe Price Mid Cap Growth Fund Institutional Class 3,692,246 23,587,302 595,689 2,460,578 (761,096)   2,683,330   -   -   24,405,743
          (2,561,211)   47,471,238   0   0   561,282,708
FIXED INTEREST CONTRACT 8.79%                          
Empower of America Contract 110,987,043 106,909,786 6,656,604 3,054,360 -   -   475,013   -   110,987,043
          0   0   475,013   0   110,987,043
        Total $(3,981,903)   $48,304,227   $475,013   $0   $1,196,175,335
Empower Lifetime 2030 Fund
Affiliate Shares Held/
Account
Balance
03/28/2024
Value
12/31/2023
Purchase
Cost
Sales
Cost
Net Realized
Gain (Loss)
Net Change
Unrealized
Appreciation
(Depreciation)
Dividends
and
Interest
Received
Distributions
Received
Value
03/28/2024
BOND MUTUAL FUNDS 36.02%                  
Empower Bond Index Fund Institutional Class 7,458,948 $54,537,416 $8,646,059 $1,047,542 $(188,623) $(226,667) $- $- $61,909,266
Empower Core Bond Fund Institutional Class 3,631,541 26,791,196 4,151,868 557,149 (111,885) 10,083 - - 30,395,998
Empower Global Bond Fund Institutional Class 3,694,120 24,835,410 3,940,308 336,577 (54,461) (289,949) - - 28,149,192
Empower High Yield Bond Fund Institutional Class 1,802,605 15,383,867 2,001,259 168,203 (2,585) 232,295 - - 17,449,218
Empower Inflation-Protected Securities Fund Institutional Class 3,677,213 28,795,601 4,212,113 463,527 (66,889) 183,010 - - 32,727,197

March 28, 2024

 

Empower Lifetime 2030 Fund
Affiliate Shares Held/
Account
Balance
03/28/2024
Value
12/31/2023
Purchase
Cost
Sales
Cost
Net Realized
Gain (Loss)
  Net Change
Unrealized
Appreciation
(Depreciation)
  Dividends
and
Interest
Received
  Distributions
Received
  Value
03/28/2024
Empower Multi-Sector Bond Fund Institutional Class 2,982,903 $21,684,693 $3,030,969 $394,670 $(74,154)   $287,959   $-   $-   $24,608,951
Empower Short Duration Bond Fund Institutional Class 1,682,691 14,242,501 2,004,432 215,212 (11,223)   122,117   -   -   16,153,838
          (509,820)   318,848   0   0   211,393,660
EQUITY MUTUAL FUNDS 51.54%                          
Empower Ariel Mid Cap Value Fund Institutional Class 258,492 2,418,288 315,051 103,947 (34,107)   157,155   -   -   2,786,547
Empower Emerging Markets Equity Fund Institutional Class 1,679,082 13,291,758 1,479,734 636,181 (156,227)   858,888   -   -   14,994,199
Empower International Growth Fund Institutional Class 1,902,840 16,360,841 1,640,048 687,973 (173,681)   1,182,691   -   -   18,495,607
Empower International Index Fund Institutional Class 3,602,353 34,782,598 3,389,925 951,508 53,631   2,080,650   -   -   39,301,665
Empower International Value Fund Institutional Class 2,362,347 18,441,434 1,793,814 616,102 (9,887)   1,240,376   -   -   20,859,522
Empower Large Cap Growth Fund Institutional Class 2,558,615 26,217,140 1,587,640 1,874,130 (169,747)   3,800,455   -   -   29,731,105
Empower Large Cap Value Fund Institutional Class 4,285,983 28,579,870 1,993,310 1,299,187 (43)   3,213,756   -   -   32,487,749
Empower Mid Cap Value Fund Institutional Class 1,241,720 9,761,804 841,590 451,714 (98,098)   1,011,379   -   -   11,163,059
Empower Real Estate Index Fund Institutional Class 638,366 4,627,558 882,986 175,165 (31,166)   33,279   -   -   5,368,658
Empower S&P 500® Index Fund Institutional Class 7,194,801 55,041,526 3,308,408 2,431,797 (231,070)   6,029,103   -   -   61,947,240
Empower S&P Mid Cap 400® Index Fund Institutional Class 3,103,361 23,490,763 1,874,830 1,212,014 (252,165)   2,690,491   -   -   26,844,070
Empower S&P Small Cap 600® Index Fund Institutional Class 2,362,306 13,678,285 2,219,985 767,048 (244,912)   672,607   -   -   15,803,829
Empower Small Cap Growth Fund Institutional Class 128,247 1,293,766 127,428 78,514 (18,674)   132,156   -   -   1,474,836
Empower Small Cap Value Fund Institutional Class 1,170,890 7,301,204 959,722 522,852 (153,589)   633,793   -   -   8,371,867
Empower T. Rowe Price Mid Cap Growth Fund Institutional Class 1,937,793 11,341,596 928,495 679,067 (248,870)   1,217,790   -   -   12,808,814
          (1,768,605)   24,954,569   0   0   302,438,767
FIXED INTEREST CONTRACT 6.41%                          
Empower of America Contract 37,632,770 33,147,291 4,824,799 492,760 -   -   153,440   -   37,632,770
          0   0   153,440   0   37,632,770
        Total $(2,278,425)   $25,273,417   $153,440   $0   $551,465,197

March 28, 2024

 

Empower Lifetime 2035 Fund
Affiliate Shares Held/
Account
Balance
03/28/2024
Value
12/31/2023
Purchase
Cost
Sales
Cost
Net Realized
Gain (Loss)
  Net Change
Unrealized
Appreciation
(Depreciation)
  Dividends
and
Interest
Received
  Distributions
Received
  Value
03/28/2024
BOND MUTUAL FUNDS 27.94%                          
Empower Bond Index Fund Institutional Class 14,997,470 $118,283,386 $8,748,273 $1,945,214 $(332,521)   $(607,444)   $-   $-   $124,479,001
Empower Core Bond Fund Institutional Class 7,289,861 58,060,479 4,095,902 1,066,591 (173,661)   (73,657)   -   -   61,016,133
Empower Global Bond Fund Institutional Class 7,183,045 52,308,104 3,649,830 584,407 (91,479)   (638,724)   -   -   54,734,803
Empower High Yield Bond Fund Institutional Class 3,634,112 33,557,810 1,705,839 552,135 1,563   466,695   -   -   35,178,209
Empower Inflation-Protected Securities Fund Institutional Class 5,201,224 43,940,327 2,864,978 772,563 (95,741)   258,149   -   -   46,290,891
Empower Multi-Sector Bond Fund Institutional Class 6,002,714 47,084,979 2,761,644 877,882 (127,808)   553,648   -   -   49,522,389
Empower Short Duration Bond Fund Institutional Class 2,602,497 23,785,642 1,463,709 470,598 (27,610)   205,217   -   -   24,983,970
          (847,257)   163,884   0   0   396,205,396
EQUITY MUTUAL FUNDS 60.97%                          
Empower Ariel Mid Cap Value Fund Institutional Class 720,743 7,287,348 337,227 141,418 49,572   286,450   -   -   7,769,607
Empower Emerging Markets Equity Fund Institutional Class 5,083,499 44,106,235 1,360,232 2,193,863 47,580   2,123,045   -   -   45,395,649
Empower International Growth Fund Institutional Class 5,579,796 52,449,466 910,594 1,611,674 564,182   2,487,233   -   -   54,235,619
Empower International Index Fund Institutional Class 10,613,065 111,842,691 2,454,825 4,814,129 160,393   6,305,151   -   -   115,788,538
Empower International Value Fund Institutional Class 6,964,266 59,189,892 1,599,872 2,451,411 558,295   3,156,114   -   -   61,494,467
Empower Large Cap Growth Fund Institutional Class 7,112,268 79,182,244 857,216 8,343,116 (384,940)   10,948,204   -   -   82,644,548
Empower Large Cap Value Fund Institutional Class 11,973,815 86,117,192 1,229,137 5,868,232 (69,276)   9,283,421   -   -   90,761,518
Empower Mid Cap Value Fund Institutional Class 3,470,499 29,537,751 591,686 956,228 568,761   2,026,573   -   -   31,199,782
Empower Real Estate Index Fund Institutional Class 1,557,352 12,297,830 1,042,984 191,597 37,180   (51,890)   -   -   13,097,327
Empower S&P 500® Index Fund Institutional Class 20,120,680 165,529,083 1,193,957 12,392,979 (2,055,134)   18,909,003   -   -   173,239,064
Empower S&P Mid Cap 400® Index Fund Institutional Class 8,669,861 70,616,092 1,350,516 2,607,655 1,308,397   5,635,352   -   -   74,994,305
Empower S&P Small Cap 600® Index Fund Institutional Class 7,191,304 45,119,473 2,759,335 1,043,084 (35,052)   1,274,102   -   -   48,109,826
Empower Small Cap Growth Fund Institutional Class 384,500 4,221,283 80,986 252,429 (23,900)   371,908   -   -   4,421,748
Empower Small Cap Value Fund Institutional Class 3,567,816 23,923,445 1,174,288 972,944 60,322   1,385,093   -   -   25,509,882
Empower T. Rowe Price Mid Cap Growth Fund Institutional Class 5,405,674 34,126,388 381,489 2,076,314 (514,614)   3,299,943   -   -   35,731,506
          271,766   67,439,702   0   0   864,393,386

March 28, 2024

 

Empower Lifetime 2035 Fund
Affiliate Shares Held/
Account
Balance
03/28/2024
Value
12/31/2023
Purchase
Cost
Sales
Cost
Net Realized
Gain (Loss)
  Net Change
Unrealized
Appreciation
(Depreciation)
  Dividends
and
Interest
Received
  Distributions
Received
  Value
03/28/2024
FIXED INTEREST CONTRACT 4.10%                          
Empower of America Contract 58,153,558 $55,262,550 $3,568,220 $924,066 $-   $-   $246,854   $-   $58,153,558
          0   0   246,854   0   58,153,558
        Total $(575,491)   $67,603,586   $246,854   $0   $1,318,752,340
Empower Lifetime 2040 Fund
Affiliate Shares Held/
Account
Balance
03/28/2024
Value
12/31/2023
Purchase
Cost
Sales
Cost
Net Realized
Gain (Loss)
  Net Change
Unrealized
Appreciation
(Depreciation)
  Dividends
and
Interest
Received
  Distributions
Received
  Value
03/28/2024
BOND MUTUAL FUNDS 19.00%                          
Empower Bond Index Fund Institutional Class 3,611,013 $26,521,961 $4,008,194 $432,139 $(71,315)   $(126,608)   $-   $-   $29,971,408
Empower Core Bond Fund Institutional Class 1,758,514 13,034,179 1,911,909 220,586 (40,963)   (6,739)   -   -   14,718,763
Empower Global Bond Fund Institutional Class 1,682,530 11,371,119 1,732,255 153,063 (25,959)   (129,435)   -   -   12,820,876
Empower High Yield Bond Fund Institutional Class 874,061 7,496,435 936,171 85,160 (1,132)   113,466   -   -   8,460,912
Empower Inflation-Protected Securities Fund Institutional Class 823,535 6,492,085 900,742 106,784 (16,908)   43,417   -   -   7,329,460
Empower Multi-Sector Bond Fund Institutional Class 1,449,710 10,578,233 1,423,374 176,898 (29,820)   135,398   -   -   11,960,107
Empower Short Duration Bond Fund Institutional Class 469,723 3,997,696 542,470 65,549 (3,574)   34,726   -   -   4,509,345
          (189,671)   64,225   0   0   89,770,871
EQUITY MUTUAL FUNDS 70.66%                          
Empower Ariel Mid Cap Value Fund Institutional Class 270,771 2,533,004 327,499 106,134 (35,122)   164,540   -   -   2,918,909
Empower Emerging Markets Equity Fund Institutional Class 2,086,694 16,559,542 1,525,863 453,338 (120,511)   1,002,107   -   -   18,634,174
Empower International Growth Fund Institutional Class 2,229,575 19,227,612 1,512,761 337,521 (78,095)   1,268,621   -   -   21,671,473
Empower International Index Fund Institutional Class 4,232,908 40,953,032 3,318,809 456,789 163,132   2,365,970   -   -   46,181,022
Empower International Value Fund Institutional Class 2,774,394 21,700,838 1,800,348 362,609 98,383   1,359,320   -   -   24,497,897
Empower Large Cap Growth Fund Institutional Class 2,673,454 27,567,870 1,466,322 1,832,934 (63,942)   3,864,280   -   -   31,065,538
Empower Large Cap Value Fund Institutional Class 4,500,149 29,979,338 1,839,081 940,872 142,979   3,233,583   -   -   34,111,130
Empower Mid Cap Value Fund Institutional Class 1,302,776 10,249,146 781,861 231,864 47,207   912,818   -   -   11,711,961
Empower Real Estate Index Fund Institutional Class 523,199 3,833,590 679,240 125,544 (10,784)   12,818   -   -   4,400,104
Empower S&P 500® Index Fund Institutional Class 7,561,899 57,988,391 3,251,020 2,658,957 (419,523)   6,527,500   -   -   65,107,954

March 28, 2024

 

Empower Lifetime 2040 Fund
Affiliate Shares Held/
Account
Balance
03/28/2024
Value
12/31/2023
Purchase
Cost
Sales
Cost
Net Realized
Gain (Loss)
  Net Change
Unrealized
Appreciation
(Depreciation)
  Dividends
and
Interest
Received
  Distributions
Received
  Value
03/28/2024
Empower S&P Mid Cap 400® Index Fund Institutional Class 3,258,355 $24,623,280 $1,780,435 $775,744 $8,830   $2,556,802   $-   $-   $28,184,773
Empower S&P Small Cap 600® Index Fund Institutional Class 2,929,403 17,009,633 2,502,006 661,312 (216,482)   747,379   -   -   19,597,706
Empower Small Cap Growth Fund Institutional Class 156,948 1,586,402 158,326 108,594 (29,753)   168,773   -   -   1,804,907
Empower Small Cap Value Fund Institutional Class 1,454,579 9,050,402 1,073,090 463,189 (144,125)   739,936   -   -   10,400,239
Empower T. Rowe Price Mid Cap Growth Fund Institutional Class 2,036,587 11,905,041 850,464 466,654 (153,289)   1,172,987   -   -   13,461,838
          (811,095)   26,097,434   0   0   333,749,625
FIXED INTEREST CONTRACT 2.24%                          
Empower of America Contract 10,568,439 9,366,036 1,301,196 142,061 -   -   43,268   -   10,568,439
          0   0   43,268   0   10,568,439
        Total $(1,000,766)   $26,161,659   $43,268   $0   $434,088,935
Empower Lifetime 2045 Fund
Affiliate Shares Held/
Account
Balance
03/28/2024
Value
12/31/2023
Purchase
Cost
Sales
Cost
Net Realized
Gain (Loss)
  Net Change
Unrealized
Appreciation
(Depreciation)
  Dividends
and
Interest
Received
  Distributions
Received
  Value
03/28/2024
BOND MUTUAL FUNDS 11.91%                          
Empower Bond Index Fund Institutional Class 5,281,481 $40,995,611 $3,838,134 $857,449 $(180,569)   $(140,001)   $-   $-   $43,836,295
Empower Core Bond Fund Institutional Class 2,567,897 20,128,389 1,809,993 450,327 (88,754)   5,241   -   -   21,493,296
Empower Global Bond Fund Institutional Class 2,408,532 17,241,255 1,576,620 257,782 (33,223)   (207,082)   -   -   18,353,011
Empower High Yield Bond Fund Institutional Class 1,276,333 11,590,899 848,850 246,721 1,396   161,880   -   -   12,354,908
Empower Inflation-Protected Securities Fund Institutional Class 676,273 5,626,772 481,383 129,957 (19,578)   40,631   -   -   6,018,829
Empower Multi-Sector Bond Fund Institutional Class 2,117,460 16,346,781 1,296,921 362,088 (37,985)   187,434   -   -   17,469,048
Empower Short Duration Bond Fund Institutional Class 496,977 4,472,249 361,467 102,886 (6,570)   40,144   -   -   4,770,974
          (365,283)   88,247   0   0   124,296,361
EQUITY MUTUAL FUNDS 77.95%                          
Empower Ariel Mid Cap Value Fund Institutional Class 645,384 6,425,068 407,780 194,349 (17,499)   318,738   -   -   6,957,237
Empower Emerging Markets Equity Fund Institutional Class 5,377,183 45,696,484 1,598,884 1,479,683 66,580   2,202,562   -   -   48,018,247
Empower International Growth Fund Institutional Class 5,590,509 51,373,928 1,411,340 1,088,179 372,943   2,642,661   -   -   54,339,750
Empower International Index Fund Institutional Class 10,619,612 109,516,154 2,937,170 2,970,187 (7,265)   6,376,832   -   -   115,859,969

March 28, 2024

 

Empower Lifetime 2045 Fund
Affiliate Shares Held/
Account
Balance
03/28/2024
Value
12/31/2023
Purchase
Cost
Sales
Cost
Net Realized
Gain (Loss)
  Net Change
Unrealized
Appreciation
(Depreciation)
  Dividends
and
Interest
Received
  Distributions
Received
  Value
03/28/2024
Empower International Value Fund Institutional Class 6,961,465 $57,920,326 $1,676,622 $1,460,035 $323,059   $3,332,822   $-   $-   $61,469,735
Empower Large Cap Growth Fund Institutional Class 6,348,075 69,331,606 1,172,237 6,649,528 (586,081)   9,910,317   -   -   73,764,632
Empower Large Cap Value Fund Institutional Class 10,659,216 75,317,028 1,104,535 3,179,816 562,320   7,555,115   -   -   80,796,862
Empower Mid Cap Value Fund Institutional Class 3,084,904 25,770,410 657,933 1,045,707 (63,953)   2,350,652   -   -   27,733,288
Empower Real Estate Index Fund Institutional Class 1,168,910 9,061,971 1,005,881 191,189 37,219   (46,133)   -   -   9,830,530
Empower S&P 500® Index Fund Institutional Class 17,930,296 144,939,330 2,019,059 8,954,500 (1,560,254)   16,375,958   -   -   154,379,847
Empower S&P Mid Cap 400® Index Fund Institutional Class 7,719,546 61,891,615 1,452,026 2,919,005 (212,324)   6,349,437   -   -   66,774,073
Empower S&P Small Cap 600® Index Fund Institutional Class 7,477,682 46,144,626 3,800,352 997,575 208,918   1,078,289   -   -   50,025,692
Empower Small Cap Growth Fund Institutional Class 410,388 4,410,880 150,268 208,704 1,162   367,022   -   -   4,719,466
Empower Small Cap Value Fund Institutional Class 3,705,260 24,475,913 1,500,249 749,060 228,572   1,265,505   -   -   26,492,607
Empower T. Rowe Price Mid Cap Growth Fund Institutional Class 4,826,580 29,897,748 715,856 1,391,306 (217,709)   2,681,399   -   -   31,903,697
          (864,312)   62,761,176   0   0   813,065,632
FIXED INTEREST CONTRACT 1.07%                          
Empower of America Contract 11,201,287 10,485,315 884,490 215,448 -   -   46,930   -   11,201,287
          0   0   46,930   0   11,201,287
        Total $(1,229,595)   $62,849,423   $46,930   $0   $948,563,280
Empower Lifetime 2050 Fund
Affiliate Shares Held/
Account
Balance
03/28/2024
Value
12/31/2023
Purchase
Cost
Sales
Cost
Net Realized
Gain (Loss)
  Net Change
Unrealized
Appreciation
(Depreciation)
  Dividends
and
Interest
Received
  Distributions
Received
  Value
03/28/2024
BOND MUTUAL FUNDS 8.21%                          
Empower Bond Index Fund Institutional Class 1,277,406 $9,420,853 $1,384,665 $158,379 $(25,858)   $(44,672)   $-   $-   $10,602,467
Empower Core Bond Fund Institutional Class 618,764 4,604,673 655,691 78,869 (14,431)   (2,444)   -   -   5,179,051
Empower Global Bond Fund Institutional Class 574,291 3,895,881 576,311 51,824 (8,820)   (44,268)   -   -   4,376,100
Empower High Yield Bond Fund Institutional Class 308,863 2,658,245 334,473 46,057 (3,158)   43,133   -   -   2,989,794
Empower Inflation-Protected Securities Fund Institutional Class 58,557 462,682 63,672 8,565 (1,478)   3,370   -   -   521,159
Empower Multi-Sector Bond Fund Institutional Class 510,494 3,740,255 493,558 71,646 (11,934)   49,410   -   -   4,211,577
Empower Short Duration Bond Fund Institutional Class 83,249 710,479 96,317 13,904 (751)   6,301   -   -   799,193
          (66,430)   10,830   0   0   28,679,341

March 28, 2024

 

Empower Lifetime 2050 Fund
Affiliate Shares Held/
Account
Balance
03/28/2024
Value
12/31/2023
Purchase
Cost
Sales
Cost
Net Realized
Gain (Loss)
  Net Change
Unrealized
Appreciation
(Depreciation)
  Dividends
and
Interest
Received
  Distributions
Received
  Value
03/28/2024
EQUITY MUTUAL FUNDS 81.45%                          
Empower Ariel Mid Cap Value Fund Institutional Class 219,970 $2,068,891 $236,421 $42,850 $(3,165)   $108,814   $-   $-   $2,371,276
Empower Emerging Markets Equity Fund Institutional Class 1,992,619 16,054,959 1,391,026 603,206 (100,622)   951,305   -   -   17,794,084
Empower International Growth Fund Institutional Class 2,010,937 17,485,128 1,271,060 372,875 (78,073)   1,162,992   -   -   19,546,305
Empower International Index Fund Institutional Class 3,817,123 37,239,160 2,752,018 622,120 27,054   2,275,756   -   -   41,644,814
Empower International Value Fund Institutional Class 2,501,439 19,703,040 1,544,191 403,348 84,002   1,243,821   -   -   22,087,704
Empower Large Cap Growth Fund Institutional Class 2,158,848 22,317,872 896,274 1,234,120 (13,290)   3,105,786   -   -   25,085,812
Empower Large Cap Value Fund Institutional Class 3,623,788 24,310,021 1,382,889 757,395 209,834   2,532,801   -   -   27,468,316
Empower Mid Cap Value Fund Institutional Class 1,049,460 8,296,425 583,075 146,911 76,792   702,053   -   -   9,434,642
Empower Real Estate Index Fund Institutional Class 399,067 2,941,813 463,750 56,801 (6,184)   7,395   -   -   3,356,157
Empower S&P 500® Index Fund Institutional Class 6,089,924 47,006,709 1,894,799 1,576,764 (161,701)   5,109,502   -   -   52,434,246
Empower S&P Mid Cap 400® Index Fund Institutional Class 2,628,220 19,999,985 1,201,157 491,105 56,966   2,024,069   -   -   22,734,106
Empower S&P Small Cap 600® Index Fund Institutional Class 2,748,434 16,027,824 2,087,086 320,472 (97,601)   592,584   -   -   18,387,022
Empower Small Cap Growth Fund Institutional Class 149,548 1,528,930 113,019 72,503 (17,592)   150,361   -   -   1,719,807
Empower Small Cap Value Fund Institutional Class 1,358,958 8,511,169 887,221 347,506 (108,377)   665,668   -   -   9,716,552
Empower T. Rowe Price Mid Cap Growth Fund Institutional Class 1,639,669 9,688,374 538,956 298,125 (84,521)   909,003   -   -   10,838,208
          (216,478)   21,541,910   0   0   284,619,051
FIXED INTEREST CONTRACT 0.53%                          
Empower of America Contract 1,841,687 1,635,679 227,339 28,916 -   -   7,585   -   1,841,687
          0   0   7,585   0   1,841,687
        Total $(282,908)   $21,552,740   $7,585   $0   $315,140,079
Empower Lifetime 2055 Fund
Affiliate Shares Held/
Account
Balance
03/28/2024
Value
12/31/2023
Purchase
Cost
Sales
Cost
Net Realized
Gain (Loss)
Net Change
Unrealized
Appreciation
(Depreciation)
Dividends
and
Interest
Received
Distributions
Received
Value
03/28/2024
BOND MUTUAL FUNDS 7.14%                  
Empower Bond Index Fund Institutional Class 1,776,331 $13,537,054 $1,488,200 $223,782 $(46,620) $(57,922) $- $- $14,743,550
Empower Core Bond Fund Institutional Class 864,400 6,648,693 701,123 112,085 (23,993) (2,702) - - 7,235,029
Empower Global Bond Fund Institutional Class 805,882 5,656,717 618,475 65,354 (9,208) (69,017) - - 6,140,821

March 28, 2024

 

Empower Lifetime 2055 Fund
Affiliate Shares Held/
Account
Balance
03/28/2024
Value
12/31/2023
Purchase
Cost
Sales
Cost
Net Realized
Gain (Loss)
  Net Change
Unrealized
Appreciation
(Depreciation)
  Dividends
and
Interest
Received
  Distributions
Received
  Value
03/28/2024
Empower High Yield Bond Fund Institutional Class 432,671 $3,853,705 $342,133 $60,449 $2,355   $52,861   $-   $-   $4,188,250
Empower Multi-Sector Bond Fund Institutional Class 712,742 5,401,701 510,203 98,509 (16,006)   66,730   -   -   5,880,125
Empower Short Duration Bond Fund Institutional Class 84,935 749,705 73,790 14,786 (978)   6,661   -   -   815,370
          (94,450)   (3,389)   0   0   39,003,145
EQUITY MUTUAL FUNDS 82.21%                          
Empower Ariel Mid Cap Value Fund Institutional Class 337,893 3,299,936 239,376 46,284 8,911   149,463   -   -   3,642,491
Empower Emerging Markets Equity Fund Institutional Class 3,316,496 27,640,405 1,466,693 952,820 (69,466)   1,462,033   -   -   29,616,311
Empower International Growth Fund Institutional Class 3,260,015 29,327,141 1,351,850 675,940 61,890   1,684,295   -   -   31,687,346
Empower International Index Fund Institutional Class 6,184,880 62,511,010 2,730,172 1,204,041 255,131   3,439,899   -   -   67,477,040
Empower International Value Fund Institutional Class 4,051,429 33,060,105 1,580,667 879,372 111,977   2,012,720   -   -   35,774,120
Empower Large Cap Growth Fund Institutional Class 3,312,262 35,458,989 1,012,353 2,839,484 (54,601)   4,856,628   -   -   38,488,486
Empower Large Cap Value Fund Institutional Class 5,543,195 38,463,712 1,093,412 1,762,986 (20,810)   4,223,280   -   -   42,017,418
Empower Mid Cap Value Fund Institutional Class 1,606,473 13,182,412 473,013 334,321 67,517   1,121,085   -   -   14,442,189
Empower Real Estate Index Fund Institutional Class 630,354 4,805,873 576,148 64,614 12,882   (16,130)   -   -   5,301,277
Empower S&P 500® Index Fund Institutional Class 9,345,606 74,136,827 1,813,349 3,796,000 (656,534)   8,311,490   -   -   80,465,666
Empower S&P Mid Cap 400® Index Fund Institutional Class 4,019,320 31,621,602 1,019,320 1,009,326 47,739   3,135,521   -   -   34,767,117
Empower S&P Small Cap 600® Index Fund Institutional Class 4,494,608 27,206,959 2,579,731 500,791 66   783,031   -   -   30,068,930
Empower Small Cap Growth Fund Institutional Class 243,187 2,566,275 114,862 104,755 (2,987)   220,267   -   -   2,796,649
Empower Small Cap Value Fund Institutional Class 2,226,406 14,418,448 1,033,345 381,493 52,223   848,500   -   -   15,918,800
Empower T. Rowe Price Mid Cap Growth Fund Institutional Class 2,506,385 15,240,226 527,296 637,999 (167,723)   1,437,682   -   -   16,567,205
          (353,785)   33,669,764   0   0   449,031,045
FIXED INTEREST CONTRACT 0.36%                          
Empower of America Contract 1,956,792 1,797,128 184,979 33,433 -   -   8,118   -   1,956,792
          0   0   8,118   0   1,956,792
        Total $(448,235)   $33,666,375   $8,118   $0   $489,990,982

March 28, 2024

 

Empower Lifetime 2060 Fund
Affiliate Shares Held/
Account
Balance
03/28/2024
Value
12/31/2023
Purchase
Cost
Sales
Cost
Net Realized
Gain (Loss)
  Net Change
Unrealized
Appreciation
(Depreciation)
  Dividends
and
Interest
Received
  Distributions
Received
  Value
03/28/2024
BOND MUTUAL FUNDS 6.73%                          
Empower Bond Index Fund Institutional Class 188,564 $1,359,352 $283,984 $76,032 $(7,500)   $(2,226)   $-   $-   $1,565,078
Empower Core Bond Fund Institutional Class 91,615 666,280 137,218 39,023 (4,568)   2,338   -   -   766,813
Empower Global Bond Fund Institutional Class 90,811 601,818 129,017 34,182 (3,406)   (4,674)   -   -   691,979
Empower High Yield Bond Fund Institutional Class 45,985 386,835 71,720 21,230 (1,907)   7,814   -   -   445,139
Empower Multi-Sector Bond Fund Institutional Class 75,774 542,705 106,395 33,067 (3,472)   9,104   -   -   625,137
Empower Short Duration Bond Fund Institutional Class 9,010 75,243 14,762 4,090 10   584   -   -   86,499
          (20,843)   12,940   0   0   4,180,645
EQUITY MUTUAL FUNDS 82.19%                          
Empower Ariel Mid Cap Value Fund Institutional Class 37,199 343,546 60,997 30,259 (8,762)   26,716   -   -   401,000
Empower Emerging Markets Equity Fund Institutional Class 397,208 3,100,143 527,049 300,290 (53,406)   220,163   -   -   3,547,065
Empower International Growth Fund Institutional Class 380,601 3,214,845 504,512 245,815 (24,397)   225,901   -   -   3,699,443
Empower International Index Fund Institutional Class 721,248 6,835,641 1,022,398 467,402 (50,410)   478,183   -   -   7,868,820
Empower International Value Fund Institutional Class 472,833 3,623,589 524,917 254,878 (34,195)   281,487   -   -   4,175,115
Empower Large Cap Growth Fund Institutional Class 364,336 3,684,695 412,737 343,127 30,103   479,281   -   -   4,233,586
Empower Large Cap Value Fund Institutional Class 611,674 3,992,785 477,853 357,475 (66,296)   523,324   -   -   4,636,487
Empower Mid Cap Value Fund Institutional Class 177,156 1,369,380 174,042 90,804 (10,002)   140,012   -   -   1,592,630
Empower Real Estate Index Fund Institutional Class 72,628 520,425 125,922 44,727 (8,604)   9,185   -   -   610,805
Empower S&P 500® Index Fund Institutional Class 1,030,473 7,706,377 853,358 656,858 (147,398)   969,493   -   -   8,872,370
Empower S&P Mid Cap 400® Index Fund Institutional Class 443,011 3,290,948 391,221 262,868 (65,756)   412,748   -   -   3,832,049
Empower S&P Small Cap 600® Index Fund Institutional Class 530,256 3,031,164 617,455 247,598 (48,828)   146,392   -   -   3,547,413
Empower Small Cap Growth Fund Institutional Class 28,771 284,806 43,050 24,594 (2,464)   27,610   -   -   330,872
Empower Small Cap Value Fund Institutional Class 262,712 1,605,378 277,767 139,165 (26,209)   134,408   -   -   1,878,388
Empower T. Rowe Price Mid Cap Growth Fund Institutional Class 276,570 1,581,130 208,107 137,733 (39,670)   176,624   -   -   1,828,128
          (556,294)   4,251,527   0   0   51,054,171
FIXED INTEREST CONTRACT 0.34%                          
Empower of America Contract 210,080 182,694 36,257 9,721 -   -   850   -   210,080
          0   0   850   0   210,080
        Total $(577,137)   $4,264,467   $850   $0   $55,444,896

March 28, 2024