Great-West U.S. Government Securities Fund (MXGMX)
The fund will, under normal circumstances, invest at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in securities that have been issued or guaranteed by the U.S. government or its agencies or instrumentalities. It may invest up to 20% of its net assets in securities that are not issued or guaranteed by the U.S. government or its agencies or instrumentalities.
Fund Info
| ISIN | US39137C8001 |
|---|---|
| Issuer | Great-West Funds |
| Inception Date | Nov 30, 1992 |
| Category | Government Bonds |
| Min. Investment | $0 |
| Asset Class | Bond |
Expense Ratio
MXGMX features an expense ratio of 0.60%, falling within the medium range.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Great-West U.S. Government Securities Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Great-West U.S. Government Securities Fund had a return of 4.73% year-to-date (YTD) and 9.84% in the last 12 months. Over the past 10 years, Great-West U.S. Government Securities Fund had an annualized return of 1.17%, while the S&P 500 had an annualized return of 10.85%, indicating that Great-West U.S. Government Securities Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 4.73% | 17.79% |
| 1 month | 1.57% | 0.18% |
| 6 months | 6.19% | 7.53% |
| 1 year | 9.84% | 26.42% |
| 5 years (annualized) | -0.08% | 13.48% |
| 10 years (annualized) | 1.17% | 10.85% |
Monthly Returns
The table below presents the monthly returns of MXGMX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -0.28% | -1.38% | 0.74% | -2.68% | 1.80% | 1.12% | 2.40% | 1.35% | 4.73% | ||||
| 2023 | 3.36% | -2.44% | 2.16% | 0.46% | -1.09% | -0.49% | -0.28% | -0.74% | -2.63% | -1.75% | 4.35% | 3.78% | 4.44% |
| 2022 | -1.46% | -0.82% | -2.47% | -2.72% | 0.35% | -1.20% | 2.12% | -2.94% | -4.49% | -1.60% | 3.53% | -0.84% | -12.08% |
| 2021 | -0.31% | -1.32% | -0.96% | 0.64% | -0.08% | 0.22% | 0.87% | -0.16% | -0.65% | -0.16% | 0.16% | -0.41% | -2.16% |
| 2020 | 1.71% | 1.84% | 1.48% | 0.70% | -0.00% | 0.18% | 0.77% | -0.69% | 0.06% | -0.62% | 0.39% | -0.06% | 5.87% |
| 2019 | 0.68% | -0.17% | 1.65% | -0.17% | 1.67% | 0.72% | 0.33% | 2.13% | -0.48% | 0.08% | -0.08% | -0.36% | 6.12% |
| 2018 | -1.01% | -0.85% | 0.70% | -0.60% | 0.60% | 0.24% | -0.34% | 0.51% | -0.59% | -0.60% | 0.87% | 1.73% | 0.63% |
| 2017 | 0.00% | 0.42% | 0.03% | 0.59% | 0.59% | -0.23% | 0.34% | 0.75% | -0.43% | -0.08% | -0.17% | 0.23% | 2.04% |
| 2016 | 1.17% | 0.58% | 0.18% | 0.16% | 0.08% | 1.01% | 0.25% | 0.00% | 0.12% | -0.41% | -1.81% | -0.41% | 0.90% |
| 2015 | 1.32% | -0.49% | 0.42% | 0.00% | -0.16% | -0.89% | 0.58% | -0.00% | 0.59% | -0.08% | -0.16% | -0.54% | 0.56% |
| 2014 | 1.53% | 0.33% | -0.41% | 0.76% | 1.17% | 0.16% | -0.50% | 0.91% | -0.28% | 0.92% | 0.66% | 0.03% | 5.38% |
| 2013 | -0.57% | 0.25% | 0.14% | 0.57% | -1.46% | -1.15% | -0.08% | -0.25% | 1.15% | 0.59% | -0.42% | -0.77% | -2.03% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of MXGMX is 24, indicating that it is in the bottom 24% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Great-West U.S. Government Securities Fund (MXGMX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Great-West U.S. Government Securities Fund granted a 1.27% dividend yield in the last twelve months. The annual payout for that period amounted to $0.15 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.15 | $0.26 | $0.16 | $0.27 | $0.12 | $0.19 | $0.22 | $0.16 | $0.21 | $0.25 | $0.30 | $0.27 |
Dividend yield | 1.27% | 2.37% | 1.48% | 2.21% | 0.94% | 1.53% | 1.88% | 1.35% | 1.77% | 2.08% | 2.46% | 2.29% |
Monthly Dividends
The table displays the monthly dividend distributions for Great-West U.S. Government Securities Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.03 | $0.03 | |||
| 2023 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.04 | $0.26 |
| 2022 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.06 | $0.16 |
| 2021 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.18 | $0.27 |
| 2020 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.01 | $0.12 |
| 2019 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.03 | $0.19 |
| 2018 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.05 | $0.22 |
| 2017 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.03 | $0.16 |
| 2016 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.05 | $0.21 |
| 2015 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.07 | $0.25 |
| 2014 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.07 | $0.30 |
| 2013 | $0.06 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.07 | $0.27 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Great-West U.S. Government Securities Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Great-West U.S. Government Securities Fund was 18.63%, occurring on Oct 19, 2023. The portfolio has not yet recovered.
The current Great-West U.S. Government Securities Fund drawdown is 6.98%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -18.63% | Aug 5, 2020 | 808 | Oct 19, 2023 | — | — | — |
| -4.65% | Sep 27, 2012 | 235 | Sep 5, 2013 | 182 | May 28, 2014 | 417 |
| -4.15% | Nov 5, 2010 | 65 | Feb 8, 2011 | 119 | Jul 29, 2011 | 184 |
| -3.69% | Mar 10, 2020 | 8 | Mar 19, 2020 | 19 | Apr 16, 2020 | 27 |
| -3.43% | Sep 30, 2016 | 55 | Dec 16, 2016 | 181 | Sep 7, 2017 | 236 |
Volatility
Volatility Chart
The current Great-West U.S. Government Securities Fund volatility is 1.32%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.