GREAT-WEST FUNDS, INC.
GREAT-WEST CORE STRATEGIES: FLEXIBLE BOND FUND
Schedule of Investments
As of July 29, 2022 (Unaudited)
Principal Amount | Β | Fair Value |
ASSET-BACKED SECURITIES | ||
Non-Agency β 10.17% | ||
$βββ796,893 | 510 Asset Backed Trust(a)(b) Series 2021-NPL1 Class A1 2.24%, 06/25/2061ββ | $ββββββ750,197 |
Β | Aaset Trust(a) | Β |
Β | Series 2021-1A Class A | Β |
βββ734,350 | 2.95%, 11/16/2041ββ | ββββββ 621,483 |
Β | Series 2021-2A Class A | Β |
βββ976,579 | 2.80%, 01/15/2047ββ | ββββββ 834,183 |
105,000 | Affirm Asset Securitization Trust(a) Series 2021-B Class C 1.40%, 08/17/2026ββ | 95,410 |
Β | Ally Auto Receivables Trust | Β |
Β | Series 2019-2 Class A3 | Β |
2,746 | 2.23%, 01/16/2024ββ | 2,743 |
Β | Series 2019-4 Class A3 | Β |
10,751 | 1.84%, 06/17/2024ββ | 10,726 |
Β | American Credit Acceptance Receivables Trust(a) | Β |
Β | Series 2019-3 Class D | Β |
8,836 | 2.89%, 09/12/2025ββ | 8,811 |
Β | Series 2020-1 Class D | Β |
850,000 | 2.39%, 03/13/2026ββ | 837,188 |
Β | Series 2020-4 Class D | Β |
85,000 | 1.77%, 12/14/2026ββ | 81,568 |
Β | Series 2021-1 Class D | Β |
2,000,000 | 1.14%, 03/15/2027ββ | 1,909,011 |
Β | Series 2021-2 Class D | Β |
1,750,000 | 1.34%, 07/13/2027ββ | 1,660,130 |
Β | Series 2021-3 Class D | Β |
3,730,000 | 1.34%, 11/15/2027ββ | 3,495,378 |
Β | Series 2021-4 Class D | Β |
3,440,000 | 1.82%, 02/14/2028ββ | 3,208,365 |
Β | Series 2022-1 Class D | Β |
400,000 | 2.46%, 03/13/2028ββ | 373,099 |
Β | AmeriCredit Automobile Receivables Trust | Β |
Β | Series 2018-3 Class D | Β |
5,000 | 4.04%, 11/18/2024ββ | 4,984 |
Β | Series 2019-2 Class D | Β |
10,000 | 2.99%, 06/18/2025ββ | 9,822 |
Β | Series 2019-3 Class D | Β |
5,000 | 2.58%, 09/18/2025ββ | 4,879 |
Β | Series 2020-1 Class D | Β |
20,000 | 1.80%, 12/18/2025ββ | 19,054 |
Β | Series 2020-2 Class D | Β |
350,000 | 2.13%, 03/18/2026ββ | 337,377 |
Β | Series 2020-3 Class D | Β |
120,000 | 1.49%, 09/18/2026ββ | 113,436 |
Β | Series 2021-1 Class D | Β |
385,000 | 1.21%, 12/18/2026ββ | 359,995 |
3,400,000 | Apidos XXXVII(a)(c) Series 2021-37A Class B 4.36%, 10/22/2034 3-mo. LIBORβ+β1.60% | 3,231,812 |
210,000 | Aqua Finance Trust(a) Series 2021-A Class B 2.40%, 07/17/2046ββ | 183,103 |
Principal Amount | Β | Fair Value |
Non-Agency β (continued) | ||
$β3,850,000 | Ares LXII Ltd(a)(c) Series 2021-62A Class B 4.43%, 01/25/2034 3-mo. LIBORβ+β1.65% | $ββββ3,649,769 |
Β | Avis Budget Rental Car Funding AESOP LLC(a) | Β |
Β | Series 2018-1A Class B | Β |
βββ535,000 | 4.00%, 09/20/2024ββ | ββββββ 529,173 |
Β | Series 2018-1A Class C | Β |
βββ100,000 | 4.73%, 09/20/2024ββ | βββββββ 98,851 |
Β | Series 2019-2A Class A | Β |
130,000 | 3.35%, 09/22/2025ββ | 127,905 |
Β | Series 2020-1A Class C | Β |
1,795,000 | 3.02%, 08/20/2026ββ | 1,658,113 |
Β | Series 2020-2A Class A | Β |
925,000 | 2.02%, 02/20/2027ββ | 858,245 |
Β | Series 2020-2A Class B | Β |
210,000 | 2.96%, 02/20/2027ββ | 195,620 |
Β | Series 2020-2A Class C | Β |
110,000 | 4.25%, 02/20/2027ββ | 104,733 |
Β | Series 2021-1A Class C | Β |
105,000 | 2.13%, 08/20/2027ββ | 93,377 |
Β | Series 2021-2A Class C | Β |
450,000 | 2.35%, 02/20/2028ββ | 395,703 |
575,000 | Bain Capital Credit Ltd(a)(c) Series 2020-4A Class C 5.41%, 10/20/2033 3-mo. LIBORβ+β2.70% | 552,945 |
1,500,000 | Barings Ltd(a)(c) Series 2020-4A Class C 4.86%, 01/20/2032 3-mo. LIBORβ+β2.15% | 1,422,117 |
1,585,000 | BHG Securitization Trust(a) Series 2022-A Class B 2.70%, 02/20/2035ββ | 1,454,387 |
900,000 | BlueMountain Ltd(a)(c) Series 2018-2A Class B 3.11%, 08/15/2031 3-mo. LIBORβ+β1.70% | 860,714 |
2,900,000 | BlueMountain XXXIII Ltd(a)(c) Series 2021-33A Class B 3.18%, 11/20/2034 3-mo. LIBORβ+β1.70% | 2,741,237 |
355,000 | Brex Commercial Charge Card Master Trust(a) Series 2021-1 Class A 2.09%, 07/15/2024ββ | 348,579 |
82,762 | Business Jet Securities LLC(a) Series 2021-1A Class B 2.92%, 04/15/2036ββ | 74,580 |
510,721 | CAL Funding IV Ltd(a) Series 2020-1A Class A 2.22%, 09/25/2045ββ | 465,189 |
Β | Carlyle Global Market Strategies Ltd(a)(c) | Β |
Β | Series 2018-2A Class B | Β |
1,200,000 | 4.56%, 10/15/2031 3-mo. LIBORβ+β2.05% | 1,117,783 |
Β | Series 2021-1A Class B | Β |
2,000,000 | 4.31%, 04/15/2034 3-mo. LIBORβ+β1.80% | 1,820,862 |
Β
See Notes to Schedule of Investments.
July 29, 2022
Β
GREAT-WEST FUNDS, INC.
GREAT-WEST CORE STRATEGIES: FLEXIBLE BOND FUND
Schedule of Investments
As of July 29, 2022 (Unaudited)
Principal Amount | Β | Fair Value |
Non-Agency β (continued) | ||
Β | Series 2021-3SA Class A2 | Β |
$β2,000,000 | 4.01%, 04/15/2034 3-mo. LIBORβ+β1.50% | $ββββ1,892,438 |
Β | CarMax Auto Owner Trust | Β |
Β | Series 2019-3 Class D | Β |
ββββ β5,000 | 2.85%, 01/15/2026ββ | βββββββ β4,900 |
Β | Series 2020-1 Class D | Β |
ββββ β5,000 | 2.64%, 07/15/2026ββ | βββββββ β4,848 |
Β | Series 2020-2 Class C | Β |
15,000 | 4.23%, 11/17/2025ββ | 14,908 |
Β | Series 2020-3 Class D | Β |
5,000 | 2.53%, 01/15/2027ββ | 4,809 |
Β | Series 2020-4 Class D | Β |
1,830,000 | 1.75%, 04/15/2027ββ | 1,722,204 |
Β | Series 2021-1 Class D | Β |
500,000 | 1.28%, 07/15/2027ββ | 459,340 |
Β | Series 2022-1 Class D | Β |
300,000 | 2.47%, 07/17/2028ββ | 281,358 |
Β | Carvana Auto Receivables Trust | Β |
Β | Series 2021-N3 Class C | Β |
550,000 | 1.02%, 06/12/2028ββ | 525,566 |
Β | Series 2021-N4 Class C | Β |
300,000 | 1.72%, 09/11/2028ββ | 286,105 |
Β | Series 2021-N4 Class D | Β |
680,000 | 2.30%, 09/11/2028ββ | 635,692 |
Β | Series 2021-P3 Class C | Β |
550,000 | 1.93%, 10/12/2027ββ | 479,142 |
Β | Series 2021-P4 Class C | Β |
325,000 | 2.33%, 02/10/2028ββ | 283,155 |
172,856 | Castlelake Aircraft Structured Trust(a) Series 2017-1R Class A 2.74%, 08/15/2041ββ | 153,664 |
733,081 | CLI Funding VIII LLC(a) Series 2021-1A Class A 1.64%, 02/18/2046ββ | 653,702 |
585,000 | College Ave Student Loans LLC(a) Series 2021-A Class C 2.92%, 07/25/2051ββ | 540,532 |
Β | Commonbond Student Loan Trust(a) | Β |
Β | Series 2019-AGS Class B | Β |
189,379 | 3.04%, 01/25/2047ββ | 178,936 |
Β | Series 2020-1 Class A | Β |
45,095 | 1.69%, 10/25/2051ββ | 40,281 |
Β | CoreVest American Finance Trust(a) | Β |
Β | Series 2020-2 Class C | Β |
590,000 | 4.60%, 05/15/2052(d)ββ | 571,040 |
Β | Series 2021-1 Class C | Β |
155,000 | 2.80%, 04/15/2053ββ | 132,194 |
Β | Series 2021-2 Class C | Β |
320,000 | 2.48%, 07/15/2054ββ | 262,809 |
Β | Series 2021-3 Class D | Β |
220,000 | 3.47%, 10/15/2054ββ | 186,612 |
Principal Amount | Β | Fair Value |
Non-Agency β (continued) | ||
Β | Credit Acceptance Auto Loan Trust(a) | Β |
Β | Series 2020-2A Class C | Β |
$βββ295,000 | 2.73%, 11/15/2029ββ | $ββββββ284,311 |
Β | Series 2020-3A Class C | Β |
βββ500,000 | 2.28%, 02/15/2030ββ | ββββββ 475,627 |
Β | Series 2021-2A Class C | Β |
βββ400,000 | 1.64%, 06/17/2030ββ | ββββββ 366,565 |
Β | Series 2021-3A Class C | Β |
250,000 | 1.63%, 09/16/2030ββ | 230,692 |
Β | Series 2021-4 Class C | Β |
2,453,000 | 1.94%, 02/18/2031ββ | 2,271,327 |
Β | DB Master Finance LLC(a) | Β |
Β | Series 2019-1A Class A23 | Β |
416,230 | 4.35%, 05/20/2049ββ | 401,649 |
Β | Series 2021-1A Class A2II | Β |
1,034,800 | 2.49%, 11/20/2051ββ | 899,152 |
230,000 | Dell Equipment Finance Trust(a) Series 2020-2 Class D 1.92%, 03/23/2026ββ | 224,983 |
Β | Domino's Pizza Master Issuer LLC(a) | Β |
Β | Series 2017-1A Class A23 | Β |
189,090 | 4.12%, 07/25/2047ββ | 183,062 |
Β | Series 2018-1A Class A2II | Β |
385,000 | 4.33%, 07/25/2048ββ | 374,257 |
Β | Series 2019-1A Class A2 | Β |
2,730,000 | 3.67%, 10/25/2049ββ | 2,518,761 |
Β | Series 2021-1A Class A2I | Β |
1,106,000 | 2.66%, 04/25/2051ββ | 973,873 |
Β | Drive Auto Receivables Trust | Β |
Β | Series 2018-3 Class D | Β |
682 | 4.30%, 09/16/2024ββ | 682 |
Β | Series 2019-4 Class D | Β |
5,000 | 2.70%, 02/16/2027ββ | 4,946 |
Β | Series 2020-1 Class D | Β |
1,505,000 | 2.70%, 05/17/2027ββ | 1,483,255 |
Β | Series 2020-2 Class D | Β |
1,000,000 | 3.05%, 05/15/2028ββ | 988,026 |
Β | Series 2021-1 Class D | Β |
500,000 | 1.45%, 01/16/2029ββ | 472,074 |
Β | Series 2021-2 Class D | Β |
3,360,000 | 1.39%, 03/15/2029ββ | 3,128,781 |
Β | Dryden Senior Loan Fund(c) | Β |
Β | Series 2017-50A Class B | Β |
1,200,000 | 4.16%, 07/15/2030(a) 3-mo. LIBORβ+β1.65% | 1,154,686 |
Β | Series 2017-50A Class C | Β |
955,000 | 4.76%, 07/15/2030(a) 3-mo. LIBORβ+β2.25% | 912,219 |
Β | Series 2017-54X Class C | Β |
2,100,000 | 4.89%, 10/19/2029 3-mo. LIBORβ+β2.15% | 1,995,869 |
Β | DT Auto Owner Trust(a) | Β |
Β | Series 2019-3A Class D | Β |
3,390,000 | 2.96%, 04/15/2025ββ | 3,366,189 |
Β | Series 2019-4A Class D | Β |
10,000 | 2.85%, 07/15/2025ββ | 9,876 |
Β
See Notes to Schedule of Investments.
July 29, 2022
Β
GREAT-WEST FUNDS, INC.
GREAT-WEST CORE STRATEGIES: FLEXIBLE BOND FUND
Schedule of Investments
As of July 29, 2022 (Unaudited)
Principal Amount | Β | Fair Value |
Non-Agency β (continued) | ||
Β | Series 2020-3A Class C | Β |
$βββ345,000 | 1.47%, 06/15/2026ββ | $ββββββ335,845 |
Β | Series 2021-1A Class D | Β |
β3,170,000 | 1.16%, 11/16/2026ββ | ββββ2,952,146 |
Β | Series 2021-2A Class D | Β |
β2,970,000 | 1.50%, 02/16/2027ββ | ββββ2,772,695 |
Β | Series 2021-3A Class D | Β |
2,765,000 | 1.31%, 05/17/2027ββ | 2,520,154 |
Β | Series 2021-4A Class D | Β |
790,000 | 1.99%, 09/15/2027ββ | 725,773 |
Β | Series 2022-1A Class D | Β |
1,470,000 | 3.40%, 12/15/2027ββ | 1,399,040 |
164,358 | EDvestinU Private Education Loan Issue No 3 LLC(a) Series 2021-A Class A 1.80%, 11/25/2045ββ | 147,817 |
86,711 | Elara HGV Timeshare Issuer LLC(a) Series 2021-A Class C 2.09%, 08/27/2035ββ | 79,623 |
91,362 | ELFI Graduate Loan Program LLC(a)(d) Series 2021-A Class B 2.09%, 12/26/2046ββ | 82,191 |
Β | Exeter Automobile Receivables Trust | Β |
Β | Series 2019-4A Class D | Β |
20,000 | 2.58%, 09/15/2025(a)ββ | 19,759 |
Β | Series 2021-1A Class D | Β |
2,460,000 | 1.08%, 11/16/2026ββ | 2,332,019 |
Β | Series 2021-3A Class D | Β |
3,705,000 | 1.55%, 06/15/2027ββ | 3,398,866 |
Β | Series 2022-2A Class D | Β |
200,000 | 4.56%, 07/17/2028ββ | 192,858 |
Β | First Investors Auto Owner Trust(a) | Β |
Β | Series 2019-1A Class D | Β |
350,000 | 3.55%, 04/15/2025ββ | 348,714 |
Β | Series 2021-1A Class D | Β |
415,000 | 1.62%, 03/15/2027ββ | 390,509 |
Β | Series 2022-1A Class D | Β |
400,000 | 3.79%, 06/15/2028ββ | 380,221 |
Β | FirstKey Homes Trust(a) | Β |
Β | Series 2020-SFR2 Class F1 | Β |
1,015,000 | 3.02%, 10/19/2037ββ | 924,669 |
Β | Series 2021-SFR1 Class E1 | Β |
535,000 | 2.39%, 08/17/2038ββ | 470,718 |
Β | Series 2021-SFR2 Class E1 | Β |
360,000 | 2.26%, 09/17/2038ββ | 314,915 |
Β | Series 2021-SFR2 Class E2 | Β |
225,000 | 2.36%, 09/17/2038ββ | 194,275 |
Β | Series 2022-SFR2 Class D | Β |
635,000 | 4.50%, 07/17/2039ββ | 609,369 |
Β | Flagship Credit Auto Trust(a) | Β |
Β | Series 2019-3 Class D | Β |
85,000 | 2.86%, 12/15/2025ββ | 82,797 |
Principal Amount | Β | Fair Value |
Non-Agency β (continued) | ||
Β | Series 2019-4 Class D | Β |
$ββββ10,000 | 3.12%, 01/15/2026ββ | $ββββββββ9,699 |
Β | Series 2020-1 Class D | Β |
ββββ 15,000 | 2.48%, 03/16/2026ββ | βββββββ 14,419 |
Β | Series 2020-4 Class D | Β |
βββ190,000 | 2.18%, 02/16/2027ββ | ββββββ 182,703 |
Β | Series 2021-1 Class D | Β |
255,000 | 1.27%, 03/15/2027ββ | 240,401 |
Β | Series 2021-2 Class D | Β |
310,000 | 1.59%, 06/15/2027ββ | 284,672 |
Β | Series 2021-3 Class D | Β |
475,000 | 1.65%, 09/15/2027ββ | 430,682 |
Β | Series 2021-4 Class C | Β |
610,000 | 1.96%, 12/15/2027ββ | 571,078 |
Β | Ford Credit Auto Owner Trust | Β |
Β | Series 2019-C Class A3 | Β |
2,372 | 1.87%, 03/15/2024ββ | 2,365 |
Β | Series 2020-B Class A3 | Β |
18,299 | 0.56%, 10/15/2024ββ | 18,073 |
Β | Series 2020-C Class A3 | Β |
431,639 | 0.41%, 07/15/2025ββ | 422,321 |
Β | Series 2021-A Class A3 | Β |
1,855,000 | 0.30%, 08/15/2025ββ | 1,805,469 |
Β | Foursight Capital Automobile Receivables Trust(a) | Β |
Β | Series 2021-1 Class D | Β |
530,000 | 1.32%, 03/15/2027ββ | 496,367 |
Β | Series 2021-2 Class D | Β |
360,000 | 1.92%, 09/15/2027ββ | 338,213 |
Β | Freedom Financial Trust(a) | Β |
Β | Series 2021-2 Class C | Β |
100,000 | 1.94%, 06/19/2028ββ | 97,204 |
Β | Series 2021-3FP Class D | Β |
495,000 | 2.37%, 11/20/2028ββ | 446,686 |
Β | Series 2022-1FP Class D | Β |
410,000 | 3.35%, 03/19/2029ββ | 393,067 |
Β | FRTKL Trust(a) | Β |
Β | Series 2021-SFR1 Class E1 | Β |
165,000 | 2.37%, 09/17/2038ββ | 145,297 |
Β | Series 2021-SFR1 Class E2 | Β |
140,000 | 2.52%, 09/17/2038ββ | 122,871 |
Β | GLS Auto Receivables Issuer Trust(a) | Β |
Β | Series 2020-1A Class C | Β |
10,000 | 2.72%, 11/17/2025ββ | 9,834 |
Β | Series 2021-1A Class D | Β |
1,285,000 | 1.68%, 01/15/2027ββ | 1,207,237 |
Β | Series 2021-2A Class D | Β |
545,000 | 1.42%, 04/15/2027ββ | 500,972 |
Β | Series 2021-3A Class D | Β |
785,000 | 1.48%, 07/15/2027ββ | 714,849 |
Β | Series 2021-4A Class D | Β |
1,790,000 | 2.48%, 10/15/2027ββ | 1,662,112 |
Β
See Notes to Schedule of Investments.
July 29, 2022
Β
GREAT-WEST FUNDS, INC.
GREAT-WEST CORE STRATEGIES: FLEXIBLE BOND FUND
Schedule of Investments
As of July 29, 2022 (Unaudited)
Principal Amount | Β | Fair Value |
Non-Agency β (continued) | ||
Β | GM Financial Consumer Automobile Receivables Trust | Β |
Β | Series 2019-4 Class A3 | Β |
$βββββ4,455 | 1.75%, 07/16/2024ββ | $ββββββββ4,438 |
Β | Series 2020-1 Class A3 | Β |
ββββ β3,236 | 1.84%, 09/16/2024ββ | βββββββ β3,222 |
Β | Series 2020-4 Class A3 | Β |
ββββ β8,563 | 0.38%, 08/18/2025ββ | βββββββ β8,377 |
Β | Series 2021-1 Class A3 | Β |
586,066 | 0.35%, 10/16/2025ββ | 571,959 |
Β | Series 2021-2 Class A3 | Β |
1,550,000 | 0.51%, 04/16/2026ββ | 1,499,888 |
297,000 | Hardee's Funding LLC(a) Series 2021-1A Class A2 2.87%, 06/20/2051ββ | 257,343 |
Β | Hertz Vehicle Financing III LLC(a) | Β |
Β | Series 2022-1A Class D | Β |
1,344,000 | 4.85%, 06/25/2026ββ | 1,206,440 |
Β | Series 2022-3A Class D | Β |
1,283,000 | 6.31%, 03/25/2025ββ | 1,227,330 |
Β | Home Partners of America Trust(a) | Β |
Β | Series 2021-1 Class E | Β |
90,053 | 2.58%, 09/17/2041ββ | 77,205 |
Β | Series 2021-2 Class E1 | Β |
1,291,588 | 2.85%, 12/17/2026ββ | 1,152,042 |
Β | Series 2021-2 Class E2 | Β |
621,332 | 2.95%, 12/17/2026ββ | 547,715 |
Β | Honda Auto Receivables Owner Trust | Β |
Β | Series 2019-4 Class A3 | Β |
61,207 | 1.83%, 01/18/2024ββ | 60,943 |
Β | Series 2020-1 Class A4 | Β |
30,000 | 1.63%, 10/21/2026ββ | 29,514 |
Β | Series 2020-3 Class A3 | Β |
3,877 | 0.37%, 10/18/2024ββ | 3,803 |
Β | Series 2021-1 Class A3 | Β |
1,075,000 | 0.27%, 04/21/2025ββ | 1,049,839 |
Β | HPEFS Equipment Trust(a) | Β |
Β | Series 2021-1A Class D | Β |
190,000 | 1.03%, 03/20/2031ββ | 179,958 |
Β | Series 2022-1A Class D | Β |
420,000 | 2.40%, 11/20/2029ββ | 396,194 |
6,800,000 | HPS Loan Management Ltd(a)(c) Series 15A-19 Class A1R 3.83%, 01/22/2035 3-mo. SOFRβ+β1.32% | 6,520,976 |
Β | JPMorgan Chase Bank NA(a) | Β |
Β | Series 2021-1 Class D | Β |
126,445 | 1.17%, 09/25/2028ββ | 122,157 |
Β | Series 2021-3 Class D | Β |
179,871 | 1.01%, 02/26/2029ββ | 171,966 |
2,250,000 | KKR Ltd(a)(c) Series 31A Class B 4.21%, 04/20/2034 3-mo. LIBORβ+β1.50% | 2,109,890 |
Principal Amount | Β | Fair Value |
Non-Agency β (continued) | ||
$βββ390,194 | Laurel Road Prime Student Loan Trust(a) Series 2020-A Class A2FX 1.40%, 11/25/2050ββ | $ββββββ365,701 |
ββ β999,412 | Lunar Structured Aircraft Portfolio Notes(a) Series 2021-1 Class A 2.64%, 10/15/2046ββ | βββ βββ922,239 |
β 2,000,000 | Madison Park Funding XLVIII Ltd(a)(c) Series 2021-48A Class C 4.74%, 04/19/2033 3-mo. LIBORβ+β2.00% | βββ β1,886,412 |
β 2,500,000 | Magnetite XXII Ltd(a)(c) Series 2019-22A Class CR 4.46%, 04/15/2031 3-mo. LIBORβ+β1.95% | βββ β2,356,740 |
β 1,952,571 | MAPS Trust(a) Series 2021-1A Class A 2.52%, 06/15/2046ββ | βββ β1,713,641 |
β 2,250,000 | Marathon Ltd(a)(c) Series 2021-16A Class A2 4.21%, 04/15/2034 3-mo. LIBORβ+β1.70% | βββ β2,112,421 |
Β | Marlette Funding Trust(a) | Β |
Β | Series 2021-2A Class C | Β |
120,000 | 1.50%, 09/15/2031ββ | 111,872 |
Β | Series 2021-3A Class C | Β |
310,000 | 1.81%, 12/15/2031ββ | 276,506 |
455,000 | Mercury Financial Credit Card Master Trust(a) Series 2021-1A Class A 1.54%, 03/20/2026ββ | 431,737 |
134,732 | Merlin Aviation Holdings Designated Activity Co(a)(b) Series 2016-1 Class A 4.50%, 12/15/2032ββ | 108,192 |
100,000 | Mission Lane Credit Card Master Trust(a) Series 2021-A Class B 2.24%, 09/15/2026ββ | 96,609 |
Β | MVW Owner Trust(a) | Β |
Β | Series 2019-1A Class C | Β |
29,551 | 3.33%, 11/20/2036ββ | 28,117 |
Β | Series 2021-1WA Class C | Β |
776,617 | 1.94%, 01/22/2041ββ | 716,810 |
Β | Series 2021-2A Class C | Β |
1,355,231 | 2.23%, 05/20/2039ββ | 1,245,000 |
1,500,000 | Myers Park Ltd(a)(c) Series 2018-1A Class C 4.76%, 10/20/2030 3-mo. LIBORβ+β2.05% | 1,417,540 |
Β | Navient Private Education Refi Loan Trust(a) | Β |
Β | Series 2020-HA Class A | Β |
65,009 | 1.31%, 01/15/2069ββ | 60,617 |
Β | Series 2021-A Class A | Β |
387,809 | 0.84%, 05/15/2069ββ | 355,953 |
Β | Series 2021-A Class B | Β |
720,000 | 2.24%, 05/15/2069ββ | 606,675 |
Β | Series 2021-EA Class B | Β |
235,000 | 2.03%, 12/16/2069ββ | 192,340 |
Β
See Notes to Schedule of Investments.
July 29, 2022
Β
GREAT-WEST FUNDS, INC.
GREAT-WEST CORE STRATEGIES: FLEXIBLE BOND FUND
Schedule of Investments
As of July 29, 2022 (Unaudited)
Principal Amount | Β | Fair Value |
Non-Agency β (continued) | ||
Β | Series 2021-FA Class B | Β |
$βββ505,000 | 2.12%, 02/18/2070ββ | $ββββββ395,218 |
β 1,571,562 | Navigator Aircraft Ltd(a)(b) Series 2021-1 Class A 2.77%, 11/15/2046ββ | βββ β1,418,227 |
Β | Nelnet Student Loan Trust(a) | Β |
Β | Series 2021-DA Class C | Β |
βββ195,000 | 3.50%, 04/20/2062ββ | ββββββ 174,743 |
Β | Series 2021-DA Class D | Β |
100,000 | 4.38%, 04/20/2062ββ | 86,349 |
Β | Nissan Auto Receivables Owner Trust | Β |
Β | Series 2019-A Class A3 | Β |
25,741 | 2.90%, 10/16/2023ββ | 25,745 |
Β | Series 2019-C Class A3 | Β |
1,501 | 1.93%, 07/15/2024ββ | 1,494 |
Β | Series 2020-A Class A3 | Β |
16,313 | 1.38%, 12/16/2024ββ | 16,144 |
Β | Series 2020-B Class A3 | Β |
906,509 | 0.55%, 07/15/2024ββ | 896,591 |
2,100,000 | Octagon Investment Partners Ltd(a)(c) Series 2019-4A Class A1R 2.55%, 05/12/2031 3-mo. LIBORβ+β1.15% | 2,055,896 |
2,250,000 | OneMain Direct Auto Receivables Trust(a) Series 2021-1A Class D 1.62%, 11/14/2030ββ | 2,004,633 |
Β | OneMain Financial Issuance Trust(a) | Β |
Β | Series 2018-2A Class A | Β |
260,000 | 3.57%, 03/14/2033ββ | 256,006 |
Β | Series 2018-2A Class B | Β |
200,000 | 3.89%, 03/14/2033ββ | 193,155 |
Β | Series 2020-2A Class A | Β |
2,755,000 | 1.75%, 09/14/2035ββ | 2,492,441 |
Β | Series 2021-1A Class D | Β |
350,000 | 2.47%, 06/16/2036ββ | 296,626 |
Β | Series 2022-S1 Class D | Β |
770,000 | 5.20%, 05/14/2035ββ | 756,729 |
577,500 | Planet Fitness Master Issuer LLC(a) Series 2018-1A Class A2II 4.67%, 09/05/2048ββ | 561,906 |
330,000 | Prestige Auto Receivables Trust(a) Series 2020-1A Class E 3.67%, 02/15/2028ββ | 323,726 |
Β | Progress Residential Trust(a) | Β |
Β | Series 2021-SFR2 Class E1 | Β |
465,000 | 2.55%, 04/19/2038ββ | 416,777 |
Β | Series 2021-SFR3 Class E1 | Β |
165,000 | 2.54%, 05/17/2026ββ | 147,007 |
Β | Series 2021-SFR3 Class E2 | Β |
140,000 | 2.69%, 05/17/2026ββ | 124,346 |
Principal Amount | Β | Fair Value |
Non-Agency β (continued) | ||
Β | Series 2021-SFR4 Class E1 | Β |
$βββ100,000 | 2.41%, 05/17/2038ββ | $βββββββ89,289 |
Β | Series 2021-SFR4 Class E2 | Β |
βββ100,000 | 2.56%, 05/17/2038ββ | βββββββ 88,853 |
Β | Series 2021-SFR5 Class E1 | Β |
βββ230,000 | 2.21%, 07/17/2038ββ | ββββββ 199,828 |
Β | Series 2021-SFR5 Class E2 | Β |
100,000 | 2.36%, 07/17/2038ββ | 86,480 |
Β | Series 2021-SFR6 Class E1 | Β |
300,000 | 2.43%, 07/17/2038ββ | 262,230 |
Β | Series 2021-SFR6 Class E2 | Β |
155,000 | 2.53%, 07/17/2038ββ | 134,444 |
Β | Series 2021-SFR7 Class E1 | Β |
365,000 | 2.59%, 08/17/2040ββ | 306,613 |
Β | Series 2021-SFR7 Class E2 | Β |
100,000 | 2.64%, 08/17/2040ββ | 81,836 |
Β | Series 2021-SFR9 Class E1 | Β |
165,000 | 2.81%, 11/17/2040ββ | 135,324 |
Β | Series 2021-SFR9 Class E2 | Β |
115,000 | 3.01%, 11/17/2040ββ | 93,829 |
100,000 | Republic Finance Issuance Trust(a) Series 2021-A Class C 3.53%, 12/22/2031ββ | 91,406 |
325,781 | Santander Bank NA(a) Series 2021-1A Class B 1.83%, 12/15/2031ββ | 316,303 |
Β | Santander Drive Auto Receivables Trust | Β |
Β | Series 2019-3 Class D | Β |
9,229 | 2.68%, 10/15/2025ββ | 9,183 |
Β | Series 2020-1 Class C | Β |
220,000 | 4.11%, 12/15/2025ββ | 219,825 |
Β | Series 2020-1 Class D | Β |
390,000 | 5.35%, 03/15/2028ββ | 394,059 |
Β | Series 2020-2 Class D | Β |
210,000 | 2.22%, 09/15/2026ββ | 204,910 |
Β | Series 2020-3 Class D | Β |
5,000 | 1.64%, 11/16/2026ββ | 4,850 |
Β | Series 2020-4 Class D | Β |
40,000 | 1.48%, 01/15/2027ββ | 38,490 |
Β | Series 2021-1 Class D | Β |
2,500,000 | 1.13%, 11/16/2026ββ | 2,387,817 |
Β | Series 2021-2 Class D | Β |
1,100,000 | 1.35%, 07/15/2027ββ | 1,036,316 |
Β | Series 2021-3 Class D | Β |
1,030,000 | 1.33%, 09/15/2027ββ | 968,709 |
Β | Series 2021-4 Class D | Β |
2,655,000 | 1.67%, 10/15/2027ββ | 2,489,565 |
Β
See Notes to Schedule of Investments.
July 29, 2022
Β
GREAT-WEST FUNDS, INC.
GREAT-WEST CORE STRATEGIES: FLEXIBLE BOND FUND
Schedule of Investments
As of July 29, 2022 (Unaudited)
Principal Amount | Β | Fair Value |
Non-Agency β (continued) | ||
Β | SCF Equipment Leasing LLC(a) | Β |
Β | Series 2021-1A Class D | Β |
$βββ100,000 | 1.93%, 09/20/2030ββ | $βββββββ91,155 |
Β | Series 2022-1A Class D | Β |
βββ355,000 | 3.79%, 11/20/2031ββ | ββββββ 336,817 |
Β | Sierra Timeshare Receivables Funding LLC(a) | Β |
Β | Series 2019-2A Class C | Β |
123,359 | 3.12%, 05/20/2036ββ | 118,321 |
Β | Series 2019-3A Class C | Β |
82,491 | 3.00%, 08/20/2036ββ | 78,856 |
Β | Series 2021-1A Class C | Β |
66,311 | 1.79%, 11/20/2037ββ | 61,642 |
858,032 | S-Jets Ltd(a) Series 2017-1 Class A 3.97%, 08/15/2042ββ | 719,631 |
Β | SMB Private Education Loan Trust(a) | Β |
Β | Series 2020-A Class A2A | Β |
733,403 | 2.23%, 09/15/2037ββ | 701,759 |
Β | Series 2021-A Class A2A2 | Β |
579,654 | 2.73%, 01/15/2053(c) 1-mo. LIBORβ+β0.73% | 561,439 |
Β | Series 2021-B Class B | Β |
345,000 | 2.65%, 07/17/2051ββ | 297,507 |
Β | Series 2021-D Class B | Β |
330,000 | 2.31%, 03/17/2053ββ | 281,881 |
Β | Series 2021-E Class B | Β |
700,000 | 2.49%, 02/15/2051ββ | 576,546 |
130,000 | SoFi Consumer Loan Program Trust(a) Series 2021-1 Class D 2.04%, 09/25/2030ββ | 119,959 |
100,000 | SoFi Professional Loan Program LLC(a)(d) Series 2017-A Class C 4.43%, 03/26/2040ββ | 98,395 |
990,025 | Taco Bell Funding LLC(a) Series 2021-1A Class A2II 2.29%, 08/25/2051ββ | 838,978 |
363,533 | Textainer Marine Containers VII Ltd(a) Series 2021-1A Class A 1.68%, 02/20/2046ββ | 321,551 |
388,850 | TIF Funding II LLC(a) Series 2021-1A Class A 1.65%, 02/20/2046ββ | 340,826 |
Β | Toyota Auto Receivables Owner Trust | Β |
Β | Series 2019-A Class A3 | Β |
43,822 | 2.91%, 07/17/2023ββ | 43,805 |
Β | Series 2019-D Class A3 | Β |
7,230 | 1.92%, 01/16/2024ββ | 7,225 |
Β | Series 2020-A Class A3 | Β |
560,561 | 1.66%, 05/15/2024ββ | 557,368 |
Β | Series 2020-C Class A3 | Β |
6,166 | 0.44%, 10/15/2024ββ | 6,074 |
Β | Series 2020-D Class A3 | Β |
7,534 | 0.35%, 01/15/2025ββ | 7,405 |
Principal Amount | Β | Fair Value |
Non-Agency β (continued) | ||
Β | Tricon American Homes Trust(a) | Β |
Β | Series 2019-SFR1 Class D | Β |
$βββββ5,000 | 3.20%, 03/17/2038ββ | $ββββββββ4,777 |
Β | Series 2020-SFR2 Class E1 | Β |
βββ100,000 | 2.73%, 11/17/2039ββ | βββββββ 86,946 |
Β | Tricon Residential Trust(a) | Β |
Β | Series 2021-SFR1 Class E1 | Β |
200,000 | 2.79%, 07/17/2038ββ | 179,206 |
Β | Series 2021-SFR1 Class E2 | Β |
535,000 | 2.89%, 07/17/2038ββ | 476,895 |
Β | VCAT LLC(a)(b) | Β |
Β | Series 2021-NPL1 Class A1 | Β |
254,372 | 2.29%, 12/26/2050ββ | 244,866 |
Β | Series 2021-NPL5 Class A1 | Β |
1,059,851 | 1.87%, 08/25/2051ββ | 983,350 |
Β | Series 2021-NPL6 Class A1 | Β |
1,391,806 | 1.92%, 09/25/2051ββ | 1,307,138 |
Β | Venture Ltd(a)(c) | Β |
Β | Series 2017-28AA Class CR | Β |
1,000,000 | 5.11%, 10/20/2034 3-mo. LIBORβ+β2.40% | 914,550 |
Β | Series 2021-42A Class B | Β |
2,250,000 | 4.06%, 04/15/2034 3-mo. LIBORβ+β1.55% | 2,090,236 |
181,672 | VOLT XCII LLC(a)(b) Series 2021-NPL1 Class A1 1.89%, 02/27/2051ββ | 171,726 |
480,617 | VOLT XCIII LLC(a)(b) Series 2021-NPL2 Class A1 1.89%, 02/27/2051ββ | 453,552 |
417,975 | VOLT XCIV LLC(a)(b) Series 2021-NPL3 Class A1 2.24%, 02/27/2051ββ | 398,533 |
314,487 | VOLT XCVI LLC(a)(b) Series 2021-NPL5 Class A1 2.12%, 03/27/2051ββ | 298,867 |
789,158 | VOLT XCVII LLC(a)(b) Series 2021-NPL6 Class A1 2.24%, 04/25/2051ββ | 748,682 |
1,000,000 | Voya Ltd(a)(c) Series 2019-3A Class CR 4.89%, 10/17/2032 3-mo. LIBORβ+β2.15% | 937,576 |
494,883 | WAVE Trust(a) Series 2017-1A Class A 3.84%, 11/15/2042ββ | 408,278 |
Β
See Notes to Schedule of Investments.
July 29, 2022
Β
GREAT-WEST FUNDS, INC.
GREAT-WEST CORE STRATEGIES: FLEXIBLE BOND FUND
Schedule of Investments
As of July 29, 2022 (Unaudited)
Principal Amount | Β | Fair Value |
Non-Agency β (continued) | ||
Β | Wendy's Funding LLC(a) | Β |
Β | Series 2018-1A Class A2II | Β |
$βββ167,125 | 3.88%, 03/15/2048ββ | $ββββββ159,460 |
Β | Series 2021-1A Class A2I | Β |
βββ524,700 | 2.37%, 06/15/2051ββ | ββββββ 449,204 |
Β | Westlake Automobile Receivables Trust(a) | Β |
Β | Series 2019-3A Class D | Β |
10,000 | 2.72%, 11/15/2024ββ | 9,935 |
Β | Series 2020-2A Class C | Β |
500,000 | 2.01%, 07/15/2025ββ | 494,371 |
Β | Series 2020-2A Class D | Β |
600,000 | 2.76%, 01/15/2026ββ | 586,602 |
Β | Series 2021-1A Class D | Β |
1,030,000 | 1.23%, 04/15/2026ββ | 974,683 |
Β | Series 2021-2A Class D | Β |
535,000 | 1.23%, 12/15/2026ββ | 502,262 |
Β | Series 2021-3A Class D | Β |
1,060,000 | 2.12%, 01/15/2027ββ | 989,815 |
Β | Series 2022-1A Class D | Β |
1,700,000 | 3.49%, 03/15/2027ββ | 1,622,804 |
860,096 | Willis Engine Structured Trust VI(a) Series 2021-A Class A 3.10%, 05/15/2046ββ | 702,413 |
1,000,000 | World Omni Select Auto Trust Series 2021-A Class D 1.44%, 11/15/2027ββ | 930,410 |
TOTAL ASSET-BACKED SECURITIES β 10.17% (Cost $190,317,906) | $177,333,813 | |
CORPORATE BONDS AND NOTES | ||
Basic Materials β 1.53% | ||
400,000 | Alpek SAB de CV(a) 3.25%, 02/25/2031 | 333,000 |
Β | Anglo American Capital PLC(a) | Β |
400,000 | 4.50%, 03/15/2028 | 391,767 |
2,415,000 | 2.63%, 09/10/2030 | 2,043,055 |
425,000 | 2.88%, 03/17/2031 | 361,017 |
855,000 | Ashland LLC(a) 3.38%, 09/01/2031 | 730,700 |
1,350,000 | ATI Inc 5.88%, 12/01/2027 | 1,261,440 |
Β | Braskem Netherlands Finance BV(a) | Β |
410,000 | 4.50%, 01/31/2030 | 374,125 |
415,000 | 5.88%, 01/31/2050 | 361,099 |
Β | Celanese US Holdings LLC | Β |
660,000 | 6.33%, 07/15/2029 | 679,352 |
490,000 | 6.38%, 07/15/2032 | 503,269 |
Β | First Quantum Minerals Ltd(a) | Β |
4,815,000 | 7.50%, 04/01/2025 | 4,794,151 |
200,000 | 6.88%, 03/01/2026 | 192,973 |
1,790,000 | 6.88%, 10/15/2027 | 1,704,975 |
Principal Amount | Β | Fair Value |
Basic Materials β (continued) | ||
$β1,070,000 | FMG Resources Pty Ltd(a) 4.38%, 04/01/2031 | $ββββββ928,883 |
Β | Freeport-McMoRan Inc | Β |
ββββ β5,000 | 4.38%, 08/01/2028 | βββββββ β4,742 |
β1,685,000 | 4.25%, 03/01/2030 | ββββ1,579,115 |
β1,695,000 | 4.63%, 08/01/2030(e) | ββββ1,626,183 |
β1,180,000 | 5.40%, 11/14/2034 | ββββ1,177,570 |
Β | Glencore Funding LLC(a) | Β |
5,000 | 4.00%, 03/27/2027 | 4,849 |
10,000 | 3.88%, 10/27/2027 | 9,601 |
35,000 | 4.88%, 03/12/2029 | 34,513 |
3,090,000 | 2.50%, 09/01/2030(e) | 2,566,572 |
2,010,000 | 2.85%, 04/27/2031 | 1,696,622 |
300,000 | 2.63%, 09/23/2031 | 246,267 |
635,000 | Novelis Corp 4.75%, 01/30/2030 | 587,397 |
958,000 | Orbia Advance Corp SAB de CV(a) 2.88%, 05/11/2031 | 790,350 |
Β | SPCM SA(a) | Β |
265,000 | 3.13%, 03/15/2027 | 225,913 |
245,000 | 3.38%, 03/15/2030 | 197,159 |
1,280,000 | Suzano Austria GmbH 3.75%, 01/15/2031 | 1,121,600 |
130,000 | Volcan Cia Minera SAA(a) 4.38%, 02/11/2026 | 113,750 |
Β | Β | 26,642,009 |
Communications β 4.91% | ||
4,895,000 | Amazon.com Inc 0.45%, 05/12/2024 | 4,689,163 |
515,000 | Block Communications Inc(a) 4.88%, 03/01/2028 | 451,912 |
Β | CCO Holdings LLC / CCO Holdings Capital Corp | Β |
3,000 | 5.50%, 05/01/2026(a) | 3,022 |
50,000 | 5.13%, 05/01/2027(a) | 48,973 |
505,000 | 4.50%, 08/15/2030(a) | 448,905 |
3,390,000 | 4.25%, 02/01/2031(a) | 2,940,825 |
140,000 | 4.75%, 02/01/2032(a) | 123,638 |
290,000 | 4.50%, 05/01/2032 | 250,725 |
2,890,000 | 4.25%, 01/15/2034(a) | 2,387,241 |
Β | Charter Communications Operating LLC / Charter Communications Operating Capital | Β |
785,000 | 2.80%, 04/01/2031 | 664,146 |
150,000 | 2.30%, 02/01/2032 | 119,955 |
190,000 | 4.40%, 04/01/2033 | 176,334 |
10,000 | 5.13%, 07/01/2049 | 8,609 |
4,130,000 | 4.80%, 03/01/2050 | 3,407,975 |
1,315,000 | 4.40%, 12/01/2061 | 978,440 |
2,235,000 | 3.95%, 06/30/2062 | 1,561,994 |
1,280,000 | Clear Channel Worldwide Holdings Inc(a) 5.13%, 08/15/2027 | 1,183,770 |
Β | CommScope Inc(a) | Β |
85,000 | 7.13%, 07/01/2028 | 70,338 |
1,780,000 | 4.75%, 09/01/2029 | 1,547,674 |
Β
See Notes to Schedule of Investments.
July 29, 2022
Β
GREAT-WEST FUNDS, INC.
GREAT-WEST CORE STRATEGIES: FLEXIBLE BOND FUND
Schedule of Investments
As of July 29, 2022 (Unaudited)
Principal Amount | Β | Fair Value |
Communications β (continued) | ||
$β2,805,000 | CommScope Technologies LLC(a) 5.00%, 03/15/2027 | $ββββ2,306,229 |
Β | CSC Holdings LLC(a) | Β |
βββ200,000 | 5.75%, 01/15/2030 | ββββββ 161,506 |
10,375,000 | 4.63%, 12/01/2030 | ββββ7,885,000 |
Β | DISH DBS Corp | Β |
β5,765,000 | 5.25%, 12/01/2026(a) | ββββ4,986,725 |
β4,090,000 | 5.13%, 06/01/2029 | ββββ2,668,500 |
Β | Expedia Group Inc | Β |
5,250,000 | 3.25%, 02/15/2030 | 4,534,083 |
485,000 | 2.95%, 03/15/2031 | 400,231 |
1,680,000 | Go Daddy Operating Co LLC / GD Finance Co Inc(a) 3.50%, 03/01/2029 | 1,495,578 |
Β | iHeartCommunications Inc | Β |
970,000 | 8.38%, 05/01/2027 | 875,716 |
840,000 | 5.25%, 08/15/2027(a) | 767,928 |
650,000 | 4.75%, 01/15/2028(a) | 583,944 |
Β | Lamar Media Corp | Β |
170,000 | 3.75%, 02/15/2028 | 159,800 |
650,000 | 4.00%, 02/15/2030 | 598,422 |
1,291,500 | Millicom International Cellular SA(a) 5.13%, 01/15/2028 | 1,186,372 |
Β | Netflix Inc | Β |
165,000 | 4.88%, 04/15/2028 | 163,825 |
550,000 | 5.88%, 11/15/2028 | 570,570 |
1,030,000 | 6.38%, 05/15/2029 | 1,093,603 |
175,000 | 5.38%, 11/15/2029(a) | 175,780 |
3,510,000 | 4.88%, 06/15/2030(a)(e) | 3,462,598 |
435,000 | Nokia OYJ 4.38%, 06/12/2027 | 428,840 |
485,000 | Sirius XM Radio Inc(a) 5.00%, 08/01/2027 | 481,008 |
Β | SoftBank Group Corp | Β |
1,265,000 | 4.63%, 07/06/2028 | 1,043,625 |
340,000 | 5.25%, 07/06/2031 | 272,524 |
235,000 | Sprint Capital Corp 6.88%, 11/15/2028 | 263,787 |
Β | Time Warner Cable LLC | Β |
1,355,000 | 5.50%, 09/01/2041 | 1,227,520 |
4,475,000 | 4.50%, 09/15/2042 | 3,594,815 |
Β | T-Mobile USA Inc | Β |
450,000 | 2.40%, 03/15/2029 | 400,959 |
2,155,000 | 3.38%, 04/15/2029 | 2,011,886 |
2,245,000 | 3.88%, 04/15/2030 | 2,159,522 |
2,640,000 | 3.50%, 04/15/2031 | 2,441,208 |
810,000 | 2.70%, 03/15/2032 | 706,496 |
Β | Uber Technologies Inc(a) | Β |
250,000 | 8.00%, 11/01/2026 | 254,526 |
1,195,000 | 7.50%, 09/15/2027 | 1,209,937 |
2,115,000 | 6.25%, 01/15/2028(e) | 2,080,166 |
11,860,000 | 4.50%, 08/15/2029(e) | 10,600,231 |
1,485,000 | Virgin Media Finance PLC(a) 5.00%, 07/15/2030 | 1,258,025 |
Β | Β | 85,575,124 |
Principal Amount | Β | Fair Value |
Consumer, Cyclical β 2.88% | ||
Β | 1011778 BC Unlimited Liability Co / New Red Finance Inc(a) | Β |
$βββββ5,000 | 5.75%, 04/15/2025(e) | $ββββββββ5,063 |
βββ325,000 | 3.88%, 01/15/2028 | ββββββ 300,563 |
β1,675,000 | 4.00%, 10/15/2030 | ββββ1,457,250 |
β 1,365,000 | 7-Eleven Inc(a) 0.80%, 02/10/2024 | βββ β1,304,721 |
ββ β880,000 | Allison Transmission Inc(a) 3.75%, 01/30/2031 | βββ βββ760,091 |
Β | American Airlines Inc / AAdvantage Loyalty IP Ltd(a) | Β |
205,000 | 5.50%, 04/20/2026 | 201,615 |
655,000 | 5.75%, 04/20/2029 | 627,163 |
Β | American Airlines Pass Through Trust | Β |
Β | Series 2016-1 Class B | Β |
4,873 | 5.25%, 01/15/2024 | 4,564 |
Β | Series 2017-2 Class B | Β |
2,978 | 3.70%, 10/15/2025 | 2,656 |
Β | Series 2016-3 Class B | Β |
18,068 | 3.75%, 10/15/2025 | 15,800 |
Β | Series 2019-1 Class B | Β |
20,262 | 3.85%, 02/15/2028 | 17,254 |
Β | Series 2016-3 Class A | Β |
141,898 | 3.25%, 10/15/2028 | 118,046 |
Β | Series 2017-2 Class A | Β |
3,918 | 3.60%, 10/15/2029 | 3,456 |
1,530,000 | American Honda Finance Corp 0.55%, 07/12/2024 | 1,451,148 |
40,000 | AutoNation Inc 4.75%, 06/01/2030 | 38,649 |
10,000 | AutoZone Inc 3.63%, 04/15/2025 | 9,958 |
3,918 | British Airways Pass Through Trust(a) Series 2019-1 Class A 3.35%, 06/15/2029 | 3,307 |
Β | Carnival Corp(a) | Β |
1,260,000 | 5.75%, 03/01/2027 | 1,009,959 |
1,050,000 | 6.00%, 05/01/2029 | 808,332 |
Β | Ford Motor Co | Β |
870,000 | 9.00%, 04/22/2025 | 963,795 |
3,150,000 | 3.25%, 02/12/2032 | 2,630,250 |
200,000 | Ford Motor Credit Co LLC 3.63%, 06/17/2031 | 169,632 |
Β | General Motors Co | Β |
295,000 | 5.20%, 04/01/2045 | 255,230 |
1,345,000 | 5.40%, 04/01/2048 | 1,208,722 |
2,200,000 | 5.95%, 04/01/2049(e) | 2,104,604 |
Β | General Motors Financial Co Inc | Β |
60,000 | 5.70%, Perpetual(f) | 56,850 |
35,000 | 5.75%, Perpetual(f) | 31,364 |
585,000 | 1.05%, 03/08/2024 | 557,678 |
1,010,000 | Genm Capital Labuan Ltd(a) 3.88%, 04/19/2031 | 773,449 |
Β
See Notes to Schedule of Investments.
July 29, 2022
Β
GREAT-WEST FUNDS, INC.
GREAT-WEST CORE STRATEGIES: FLEXIBLE BOND FUND
Schedule of Investments
As of July 29, 2022 (Unaudited)
Principal Amount | Β | Fair Value |
Consumer, Cyclical β (continued) | ||
$β2,120,000 | Goodyear Tire & Rubber Co(e) 4.88%, 03/15/2027 | $ββββ2,016,144 |
Β | Hilton Domestic Operating Co Inc(a) | Β |
β1,305,000 | 4.00%, 05/01/2031 | ββββ1,171,420 |
βββ110,000 | 3.63%, 02/15/2032 | βββββββ 94,875 |
Β | Hilton Grand Vacations Borrower Escrow LLC / Hilton Grand Vacations Borrower Esc(a) | Β |
βββ500,000 | 5.00%, 06/01/2029 | ββββββ 442,413 |
βββ535,000 | 4.88%, 07/01/2031 | ββββββ 449,400 |
1,429,424 | JetBlue Pass Through Trust(e) Series 2020-1 Class A 4.00%, 11/15/2032 | 1,354,695 |
5,000 | Lennar Corp 4.75%, 11/29/2027 | 5,046 |
365,000 | Lithia Motors Inc(a) 3.88%, 06/01/2029 | 324,760 |
Β | Magallanes Inc(a) | Β |
595,000 | 4.05%, 03/15/2029 | 566,294 |
915,000 | 4.28%, 03/15/2032 | 853,942 |
Β | Marriott International Inc | Β |
5,000 | 5.75%, 05/01/2025 | 5,216 |
175,000 | 4.63%, 06/15/2030 | 171,248 |
1,310,000 | 2.85%, 04/15/2031 | 1,126,576 |
715,000 | Marriott Ownership Resorts Inc(a) 4.50%, 06/15/2029 | 620,699 |
165,000 | Murphy Oil USA Inc(a) 3.75%, 02/15/2031 | 150,549 |
Β | NCL Corp Ltd(a) | Β |
885,000 | 5.88%, 03/15/2026 | 721,779 |
930,000 | 5.88%, 02/15/2027 | 854,670 |
515,000 | NCL Finance Ltd(a) 6.13%, 03/15/2028 | 398,110 |
325,000 | Penn National Gaming Inc(a) 4.13%, 07/01/2029 | 270,465 |
230,000 | PulteGroup Inc 6.00%, 02/15/2035 | 235,359 |
Β | Royal Caribbean Cruises Ltd(a) | Β |
220,000 | 4.25%, 07/01/2026 | 172,689 |
1,805,000 | 5.50%, 04/01/2028 | 1,352,468 |
Β | Scientific Games International Inc(a) | Β |
1,735,000 | 7.00%, 05/15/2028 | 1,764,859 |
35,000 | 7.25%, 11/15/2029(e) | 35,613 |
390,000 | Tapestry Inc 3.05%, 03/15/2032 | 326,454 |
3,240,000 | Target Corp 2.25%, 04/15/2025 | 3,171,253 |
Β | Toyota Motor Credit Corp | Β |
3,745,000 | 0.50%, 08/14/2023 | 3,642,928 |
1,470,000 | 0.50%, 06/18/2024 | 1,396,332 |
Β | Travel + Leisure Co | Β |
120,000 | 6.63%, 07/31/2026(a) | 122,042 |
65,000 | 6.00%, 04/01/2027 | 64,779 |
2,260,000 | 4.50%, 12/01/2029(a) | 1,945,770 |
Principal Amount | Β | Fair Value |
Consumer, Cyclical β (continued) | ||
$βββ875,000 | 4.63%, 03/01/2030(a) | $ββββββ716,815 |
βββ645,000 | 4.63%, 03/01/2030 | ββββββ 528,395 |
ββ β163,180 | United Airlines Pass Through Trust Series 2020-1 Class B 4.88%, 01/15/2026 | βββ βββ152,573 |
β 3,460,000 | Volkswagen Group of America Finance LLC(a) 0.88%, 11/22/2023 | βββ β3,330,549 |
Β | Yum! Brands Inc | Β |
β1,035,000 | 4.75%, 01/15/2030(a) | ββββ1,006,434 |
β1,105,000 | 3.63%, 03/15/2031 | ββββββ 999,992 |
680,000 | 4.63%, 01/31/2032 | 646,286 |
Β | Β | 50,101,060 |
Consumer, Non-Cyclical β 2.79% | ||
1,275,000 | Adani Ports & Special Economic Zone Ltd(a) 4.20%, 08/04/2027 | 1,177,080 |
470,000 | Ashtead Capital Inc(a) 4.25%, 11/01/2029 | 431,124 |
1,400,000 | Avantor Funding Inc(a) 3.88%, 11/01/2029 | 1,288,728 |
Β | Bausch Health Cos Inc(a) | Β |
130,000 | 7.00%, 01/15/2028 | 71,972 |
660,000 | 5.00%, 01/30/2028 | 351,450 |
335,000 | 4.88%, 06/01/2028 | 266,744 |
70,000 | 5.00%, 02/15/2029 | 35,447 |
80,000 | 6.25%, 02/15/2029 | 42,697 |
470,000 | 5.25%, 01/30/2030 | 241,505 |
1,535,000 | 5.25%, 02/15/2031 | 786,994 |
530,000 | Block Inc 3.50%, 06/01/2031 | 458,450 |
230,000 | Catalent Pharma Solutions Inc(a) 3.13%, 02/15/2029 | 203,838 |
Β | Centene Corp | Β |
380,000 | 3.00%, 10/15/2030 | 339,165 |
3,900,000 | 2.50%, 03/01/2031 | 3,345,849 |
1,030,000 | 2.63%, 08/01/2031 | 878,321 |
Β | Charles River Laboratories International Inc(a) | Β |
155,000 | 3.75%, 03/15/2029 | 143,031 |
610,000 | 4.00%, 03/15/2031 | 558,099 |
1,725,000 | Cigna Corp 4.38%, 10/15/2028 | 1,760,429 |
Β | CVS Pass Through Trust(a) | Β |
Β | Series 2013 | Β |
794,514 | 4.70%, 01/10/2036 | 779,560 |
Β | Series 2014 | Β |
277,277 | 4.16%, 08/11/2036(e) | 263,380 |
140,000 | Darling Ingredients Inc(a) 6.00%, 06/15/2030 | 144,792 |
215,000 | Element Fleet Management Corp(a) 1.60%, 04/06/2024 | 205,295 |
40,000 | Encompass Health Corp 4.75%, 02/01/2030 | 36,894 |
Β | Gartner Inc(a) | Β |
140,000 | 3.63%, 06/15/2029 | 127,847 |
Β
See Notes to Schedule of Investments.
July 29, 2022
Β
GREAT-WEST FUNDS, INC.
GREAT-WEST CORE STRATEGIES: FLEXIBLE BOND FUND
Schedule of Investments
As of July 29, 2022 (Unaudited)
Principal Amount | Β | Fair Value |
Consumer, Non-Cyclical β (continued) | ||
$βββ895,000 | 3.75%, 10/01/2030 | $ββββββ822,075 |
β 3,750,000 | GlaxoSmithKline Capital PLC 0.53%, 10/01/2023 | βββ β3,648,856 |
Β | HCA Inc | Β |
β1,850,000 | 4.13%, 06/15/2029 | ββββ1,780,372 |
β1,675,000 | 3.50%, 09/01/2030 | ββββ1,528,421 |
β 1,810,000 | Hologic Inc(a) 3.25%, 02/15/2029 | βββ β1,640,285 |
ββ β200,000 | Jazz Securities Designated Activity Co(a) 4.38%, 01/15/2029 | βββ βββ192,570 |
Β | JBS USA LUX SA / JBS USA Food Co / JBS USA Finance Inc(a) | Β |
660,000 | 3.00%, 02/02/2029 | 568,149 |
435,000 | 3.75%, 12/01/2031 | 366,195 |
40,000 | Lamb Weston Holdings Inc(a) 4.88%, 05/15/2028 | 38,970 |
790,000 | Molina Healthcare Inc(a) 3.88%, 05/15/2032 | 725,836 |
1,310,000 | Natura Cosmeticos SA(a) 4.13%, 05/03/2028 | 1,110,330 |
1,250,000 | NBM US Holdings Inc(a) 7.00%, 05/14/2026 | 1,254,931 |
1,590,000 | PepsiCo Inc 0.40%, 10/07/2023 | 1,542,786 |
Β | Pilgrim's Pride Corp(a) | Β |
265,000 | 5.88%, 09/30/2027 | 265,000 |
630,000 | 4.25%, 04/15/2031 | 564,637 |
1,905,000 | 3.50%, 03/01/2032 | 1,608,534 |
Β | Post Holdings Inc | Β |
2,000 | 5.75%, 03/01/2027(a) | 1,995 |
14,000 | 5.75%, 03/01/2027 | 13,965 |
635,000 | 4.63%, 04/15/2030(a) | 569,443 |
910,000 | 4.50%, 09/15/2031(a) | 807,625 |
1,000,000 | S&P Global Inc(a) 4.25%, 05/01/2029 | 1,021,750 |
1,020,000 | Smithfield Foods Inc(a) 3.00%, 10/15/2030 | 858,168 |
Β | Tenet Healthcare Corp(a) | Β |
5,000 | 4.88%, 01/01/2026 | 4,925 |
560,000 | 6.25%, 02/01/2027 | 566,535 |
645,000 | 4.63%, 06/15/2028 | 608,646 |
90,000 | 6.13%, 10/01/2028 | 87,750 |
125,000 | Teva Pharmaceutical Finance Co LLC 6.15%, 02/01/2036 | 114,375 |
Β | Teva Pharmaceutical Finance Netherlands III BV | Β |
6,045,000 | 3.15%, 10/01/2026 | 5,457,124 |
575,000 | 4.75%, 05/09/2027 | 551,281 |
275,000 | 5.13%, 05/09/2029(e) | 252,290 |
3,420,000 | 4.10%, 10/01/2046 | 2,407,506 |
1,445,000 | TriNet Group Inc(a) 3.50%, 03/01/2029 | 1,266,181 |
1,300,000 | Unilever Capital Corp 2.60%, 05/05/2024 | 1,286,920 |
Β | United Rentals North America Inc | Β |
5,000 | 5.25%, 01/15/2030 | 5,055 |
Principal Amount | Β | Fair Value |
Consumer, Non-Cyclical β (continued) | ||
$β1,325,000 | 4.00%, 07/15/2030 | $ββββ1,219,000 |
Β | Β | 48,697,172 |
Energy β 2.07% | ||
Β | Aker BP ASA(a) | Β |
βββ835,000 | 2.00%, 07/15/2026 | ββββββ 759,881 |
β3,075,000 | 4.00%, 01/15/2031 | ββββ2,861,927 |
βββ605,000 | 3.10%, 07/15/2031 | ββββββ 521,948 |
Β | Cheniere Corpus Christi Holdings LLC | Β |
15,000 | 5.13%, 06/30/2027 | 15,255 |
1,075,000 | 3.70%, 11/15/2029 | 1,006,701 |
Β | Continental Resources Inc(a) | Β |
4,770,000 | 5.75%, 01/15/2031 | 4,703,268 |
3,170,000 | 2.88%, 04/01/2032 | 2,584,596 |
Β | DCP Midstream Operating LP | Β |
220,000 | 5.13%, 05/15/2029 | 215,414 |
2,000,000 | 3.25%, 02/15/2032 | 1,722,940 |
340,000 | Diamondback Energy Inc 3.13%, 03/24/2031 | 307,603 |
855,000 | Ecopetrol SA 4.63%, 11/02/2031 | 703,237 |
Β | Energean Israel Finance Ltd(a) | Β |
480,000 | 5.38%, 03/30/2028 | 422,928 |
625,000 | 5.88%, 03/30/2031 | 531,562 |
1,085,000 | Energy Transfer LP 3.75%, 05/15/2030 | 1,007,692 |
Β | EnLink Midstream Partners LP | Β |
25,000 | 4.15%, 06/01/2025 | 24,580 |
445,000 | 5.45%, 06/01/2047 | 339,127 |
1,230,000 | EQM Midstream Partners LP 5.50%, 07/15/2028 | 1,162,424 |
Β | EQT Corp | Β |
220,000 | 3.13%, 05/15/2026(a) | 211,249 |
2,305,000 | 3.90%, 10/01/2027 | 2,242,396 |
540,000 | 5.00%, 01/15/2029 | 533,795 |
940,000 | 3.63%, 05/15/2031(a) | 860,495 |
725,000 | Exxon Mobil Corp 1.90%, 08/16/2022 | 724,835 |
Β | Hess Midstream Operations LP(a) | Β |
590,000 | 5.63%, 02/15/2026 | 587,787 |
265,000 | 4.25%, 02/15/2030 | 236,067 |
925,000 | Leviathan Bond Ltd(a) 6.13%, 06/30/2025 | 907,887 |
165,000 | NGPL PipeCo LLC(a) 4.88%, 08/15/2027 | 165,320 |
Β | Occidental Petroleum Corp | Β |
135,000 | 5.55%, 03/15/2026 | 138,713 |
910,000 | 8.88%, 07/15/2030 | 1,089,725 |
80,000 | 6.63%, 09/01/2030 | 88,752 |
85,000 | 6.13%, 01/01/2031 | 91,093 |
40,000 | 7.50%, 05/01/2031 | 46,381 |
790,000 | 7.88%, 09/15/2031 | 914,425 |
Β | Ovintiv Inc | Β |
125,000 | 8.13%, 09/15/2030 | 144,185 |
Β
See Notes to Schedule of Investments.
July 29, 2022
Β
GREAT-WEST FUNDS, INC.
GREAT-WEST CORE STRATEGIES: FLEXIBLE BOND FUND
Schedule of Investments
As of July 29, 2022 (Unaudited)
Principal Amount | Β | Fair Value |
Energy β (continued) | ||
$ββββ30,000 | 7.20%, 11/01/2031 | $βββββββ33,238 |
βββ170,000 | 7.38%, 11/01/2031 | ββββββ 191,394 |
β1,515,000 | 6.50%, 08/15/2034 | ββββ1,628,871 |
βββ470,000 | 6.63%, 08/15/2037 | ββββββ 499,084 |
ββββ 45,000 | 6.50%, 02/01/2038 | βββββββ 46,479 |
ββ ββ75,000 | Petroleos Mexicanos 5.95%, 01/28/2031 | βββ ββββ58,219 |
Β | Plains All American Pipeline LP / PAA Finance Corp | Β |
650,000 | 3.55%, 12/15/2029 | 587,773 |
585,000 | 4.30%, 01/31/2043 | 452,198 |
815,000 | Sabine Pass Liquefaction LLC 4.50%, 05/15/2030 | 806,021 |
215,000 | Southwestern Energy Co 4.75%, 02/01/2032 | 200,488 |
Β | Targa Resources Partners LP / Targa Resources Partners Finance Corp | Β |
270,000 | 5.50%, 03/01/2030 | 266,876 |
270,000 | 4.88%, 02/01/2031 | 253,820 |
225,000 | 4.00%, 01/15/2032 | 200,808 |
1,475,000 | Valero Energy Partners LP 4.50%, 03/15/2028 | 1,484,788 |
Β | Western Midstream Operating LP | Β |
255,000 | 4.30%, 02/01/2030 | 238,479 |
125,000 | 5.45%, 04/01/2044 | 111,873 |
850,000 | 5.30%, 03/01/2048 | 745,400 |
95,000 | 5.50%, 08/15/2048 | 82,821 |
335,000 | 5.50%, 02/01/2050 | 299,693 |
Β | Β | 36,062,511 |
Financial β 10.46% | ||
Β | AerCap Ireland Capital Designated Activity Co / AerCap Global Aviation Trust | Β |
1,900,000 | 3.88%, 01/23/2028 | 1,753,434 |
930,000 | 3.00%, 10/29/2028 | 816,100 |
1,165,000 | 3.30%, 01/30/2032 | 978,437 |
980,000 | Agile Group Holdings Ltd 6.05%, 10/13/2025 | 250,103 |
1,320,000 | AIG Global Funding(a) 0.65%, 06/17/2024 | 1,249,064 |
Β | Air Lease Corp | Β |
825,000 | 4.65%, Perpetual(f) | 722,000 |
10,000 | 3.38%, 07/01/2025 | 9,642 |
825,000 | 3.00%, 02/01/2030 | 695,032 |
3,935,000 | 3.13%, 12/01/2030 | 3,316,728 |
Β | Aircastle Ltd | Β |
345,000 | 5.25%, Perpetual(a)(f) | 275,046 |
20,000 | 4.25%, 06/15/2026 | 18,762 |
Β | Ally Financial Inc | Β |
3,570,000 | 4.70%, Perpetual(f) | 2,878,612 |
5,000 | 3.88%, 05/21/2024 | 4,981 |
225,000 | 4.63%, 03/30/2025 | 226,176 |
Principal Amount | Β | Fair Value |
Financial β (continued) | ||
$β1,360,000 | 5.80%, 05/01/2025 | $ββββ1,407,739 |
β2,375,000 | 5.75%, 11/20/2025 | ββββ2,405,210 |
βββ615,000 | 2.20%, 11/02/2028 | ββββββ 523,101 |
β2,970,000 | 8.00%, 11/01/2031 | ββββ3,359,574 |
ββ β185,000 | American Homes 4 Rent LP REIT 2.38%, 07/15/2031 | βββ βββ152,464 |
Β | Antares Holdings LP(a) | Β |
βββ260,000 | 3.95%, 07/15/2026 | ββββββ 229,391 |
1,385,000 | 2.75%, 01/15/2027 | 1,141,322 |
2,160,000 | 3.75%, 07/15/2027 | 1,852,583 |
Β | Ares Capital Corp | Β |
1,190,000 | 2.88%, 06/15/2028 | 980,858 |
1,800,000 | 3.20%, 11/15/2031(e) | 1,395,695 |
Β | Athene Global Funding(a) | Β |
3,360,000 | 1.72%, 01/07/2025 | 3,148,565 |
980,000 | 1.61%, 06/29/2026 | 866,818 |
230,000 | 2.55%, 11/19/2030 | 191,067 |
2,915,000 | Athene Holding Ltd 3.50%, 01/15/2031 | 2,543,770 |
Β | Aviation Capital Group LLC(a) | Β |
450,000 | 5.50%, 12/15/2024 | 446,502 |
240,000 | 1.95%, 01/30/2026 | 209,893 |
225,000 | Banco Santander Mexico SA Institucion de Banca Multiple Grupo Financiero Santand(a) 5.38%, 04/17/2025 | 229,500 |
Β | Banco Santander SA | Β |
2,200,000 | 0.70%, 06/30/2024 | 2,125,710 |
1,200,000 | 2.75%, 12/03/2030 | 966,229 |
Β | Bank of America Corp | Β |
75,000 | 3.00%, 12/20/2023 | 74,801 |
2,590,000 | 0.52%, 06/14/2024 | 2,512,391 |
295,000 | 0.81%, 10/24/2024 | 283,182 |
3,975,000 | 4.18%, 11/25/2027 | 3,963,863 |
Β | Barclays PLC | Β |
1,240,000 | 4.38%, Perpetual(f) | 1,007,872 |
3,000,000 | 2.28%, 11/24/2027 | 2,686,500 |
2,555,000 | 3.56%, 09/23/2035 | 2,120,462 |
1,010,000 | Barings BDC Inc(a) 3.30%, 11/23/2026 | 879,748 |
2,745,000 | Blackstone Secured Lending Fund 2.13%, 02/15/2027 | 2,313,196 |
Β | BNP Paribas SA(a) | Β |
2,370,000 | 1.68%, 06/30/2027 | 2,118,184 |
2,035,000 | 2.59%, 01/20/2028 | 1,851,050 |
Β | Brixmor Operating Partnership LP REIT | Β |
60,000 | 2.25%, 04/01/2028 | 52,248 |
25,000 | 4.13%, 05/15/2029 | 23,622 |
1,795,000 | 4.05%, 07/01/2030 | 1,660,722 |
Β | Central China Real Estate Ltd | Β |
200,000 | 7.25%, 04/24/2023 | 82,600 |
615,000 | 7.25%, 07/16/2024 | 173,280 |
200,000 | 7.25%, 08/13/2024 | 58,000 |
205,000 | 7.50%, 07/14/2025 | 56,093 |
Β
See Notes to Schedule of Investments.
July 29, 2022
Β
GREAT-WEST FUNDS, INC.
GREAT-WEST CORE STRATEGIES: FLEXIBLE BOND FUND
Schedule of Investments
As of July 29, 2022 (Unaudited)
Principal Amount | Β | Fair Value |
Financial β (continued) | ||
$βββ400,000 | CIFI Holdings Group Co Ltd 6.00%, 07/16/2025 | $ββββββ150,452 |
Β | Citigroup Inc | Β |
β2,030,000 | 3.50%, 05/15/2023 | ββββ2,032,257 |
β4,230,000 | 2.01%, 01/25/2026 | ββββ4,013,917 |
β3,340,000 | 3.07%, 02/24/2028 | ββββ3,171,697 |
ββ β155,000 | CNO Financial Group Inc 5.25%, 05/30/2029 | βββ βββ152,606 |
ββ β145,000 | Corporate Office Properties LP REIT 2.75%, 04/15/2031 | βββ βββ118,480 |
600,000 | Country Garden Holdings Co Ltd 3.30%, 01/12/2031 | 177,000 |
3,110,000 | Credit Agricole SA 4.00%, 01/10/2033 | 2,881,262 |
945,000 | Credit Suisse AG 3.70%, 02/21/2025 | 931,616 |
3,010,000 | Crown Castle Inc REIT 2.50%, 07/15/2031 | 2,578,176 |
355,000 | Danske Bank A/S(a) 5.38%, 01/12/2024 | 359,910 |
Β | Deutsche Bank AG | Β |
1,900,000 | 1.45%, 04/01/2025 | 1,782,557 |
745,000 | 3.55%, 09/18/2031 | 641,200 |
2,855,000 | 3.73%, 01/14/2032 | 2,224,216 |
200,000 | 3.74%, 01/07/2033 | 152,244 |
395,000 | EPR Properties REIT 3.60%, 11/15/2031 | 324,821 |
2,400,000 | Equinix Inc REIT 1.45%, 05/15/2026 | 2,185,504 |
20,000 | Fidelity & Guaranty Life Holdings Inc(a) 5.50%, 05/01/2025 | 20,528 |
4,590,000 | Fidelity National Financial Inc 3.40%, 06/15/2030 | 4,123,293 |
Β | FS KKR Capital Corp | Β |
565,000 | 3.40%, 01/15/2026 | 514,573 |
1,110,000 | 3.13%, 10/12/2028 | 911,660 |
960,000 | Global Atlantic Finance Co(a) 4.40%, 10/15/2029 | 883,113 |
620,000 | GLP Capital LP / GLP Financing II Inc REIT 3.25%, 01/15/2032 | 525,472 |
Β | Goldman Sachs Group Inc | Β |
2,895,000 | 0.63%, 11/17/2023 | 2,867,645 |
2,580,000 | 0.66%, 09/10/2024 | 2,478,993 |
4,255,000 | 1.76%, 01/24/2025 | 4,103,800 |
13,000 | Healthpeak Properties Inc REIT 3.40%, 02/01/2025 | 12,804 |
Β | Icahn Enterprises LP / Icahn Enterprises Finance Corp | Β |
10,000 | 4.75%, 09/15/2024 | 9,812 |
10,000 | 6.25%, 05/15/2026 | 9,942 |
1,315,000 | 5.25%, 05/15/2027 | 1,262,295 |
3,175,000 | 4.38%, 02/01/2029 | 2,857,198 |
215,000 | Intesa Sanpaolo SpA(a) 4.20%, 06/01/2032 | 164,344 |
Β | Iron Mountain Inc REIT(a) | Β |
430,000 | 5.00%, 07/15/2028 | 408,956 |
Principal Amount | Β | Fair Value |
Financial β (continued) | ||
$β2,195,000 | 5.25%, 07/15/2030 | $ββββ2,053,488 |
Β | JPMorgan Chase & Co | Β |
β1,340,000 | 1.58%, 04/22/2027 | ββββ1,217,187 |
β4,115,000 | 2.95%, 02/24/2028 | ββββ3,891,014 |
Β | Kaisa Group Holdings Ltd(g) | Β |
β2,215,000 | 9.38%, 06/30/2024 | ββββββ 216,949 |
βββ400,000 | 10.50%, 01/15/2025 | βββββββ 40,325 |
2,310,000 | 11.25%, 04/16/2025 | 226,335 |
200,000 | 9.95%, 07/23/2025 | 19,975 |
200,000 | 11.70%, 11/11/2025 | 19,000 |
200,000 | 11.65%, 06/01/2026 | 19,588 |
2,585,000 | KeyBank NA 0.43%, 06/14/2024 | 2,514,623 |
30,000 | Kreditanstalt fuer Wiederaufbau 0.25%, 10/19/2023 | 29,019 |
Β | Ladder Capital Finance Holdings LLLP / Ladder Capital Finance Corp REIT(a) | Β |
310,000 | 5.25%, 10/01/2025 | 293,015 |
895,000 | 4.25%, 02/01/2027 | 797,866 |
Β | Logan Group Co Ltd | Β |
605,000 | 4.25%, 07/12/2025 | 69,111 |
405,000 | 4.85%, 12/14/2026 | 45,249 |
Β | Morgan Stanley | Β |
1,910,000 | 0.53%, 01/25/2024 | 1,879,098 |
2,755,000 | 0.79%, 01/22/2025 | 2,619,226 |
4,370,000 | 2.63%, 02/18/2026 | 4,209,828 |
2,379,000 | 4.35%, 09/08/2026 | 2,398,482 |
2,815,000 | 2.48%, 01/21/2028 | 2,621,699 |
360,000 | Nasdaq Inc 0.45%, 12/21/2022 | 355,720 |
1,140,000 | National Securities Clearing Corp(a) 0.40%, 12/07/2023 | 1,096,476 |
1,360,000 | Nationstar Mortgage Holdings Inc(a) 5.75%, 11/15/2031 | 1,137,300 |
1,580,000 | Nationwide Building Society(a) 0.55%, 01/22/2024 | 1,507,283 |
Β | NatWest Group PLC | Β |
1,280,000 | 1.64%, 06/14/2027 | 1,141,319 |
845,000 | 5.52%, 09/30/2028 | 866,215 |
Β | Navient Corp | Β |
57,000 | 7.25%, 09/25/2023 | 57,767 |
2,210,000 | 5.00%, 03/15/2027 | 1,997,641 |
825,000 | 5.63%, 08/01/2033 | 640,112 |
1,840,000 | New York Life Global Funding(a) 0.85%, 01/15/2026 | 1,682,803 |
575,000 | Oaktree Specialty Lending Corp 2.70%, 01/15/2027 | 502,727 |
Β | OneMain Finance Corp | Β |
1,330,000 | 5.38%, 11/15/2029 | 1,130,947 |
915,000 | 4.00%, 09/15/2030 | 718,275 |
Β | Owl Rock Capital Corp | Β |
753,000 | 2.63%, 01/15/2027 | 639,302 |
Β
See Notes to Schedule of Investments.
July 29, 2022
Β
GREAT-WEST FUNDS, INC.
GREAT-WEST CORE STRATEGIES: FLEXIBLE BOND FUND
Schedule of Investments
As of July 29, 2022 (Unaudited)
Principal Amount | Β | Fair Value |
Financial β (continued) | ||
$β1,425,000 | 2.88%, 06/11/2028 | $ββββ1,165,262 |
β 1,345,000 | Owl Rock Technology Finance Corp 2.50%, 01/15/2027 | βββ β1,151,748 |
ββ ββ10,000 | Regency Centers LP REIT 2.95%, 09/15/2029 | βββ βββββ8,974 |
ββ β110,000 | Retail Opportunity Investments Partnership LP REIT 4.00%, 12/15/2024 | βββ βββ107,157 |
Β | Rocket Mortgage LLC / Rocket Mortgage Co-Issuer Inc | Β |
β3,565,000 | 2.88%, 10/15/2026(a) | ββββ3,148,394 |
βββ220,000 | 3.63%, 03/01/2029(a) | ββββββ 188,100 |
220,000 | 3.63%, 03/01/2029 | 188,100 |
5,590,000 | 3.88%, 03/01/2031(a) | 4,603,261 |
4,780,000 | 4.00%, 10/15/2033(a) | 3,862,312 |
350,000 | Royal Bank of Canada(e) 0.50%, 10/26/2023 | 338,778 |
Β | Santander Holdings USA Inc | Β |
15,000 | 3.50%, 06/07/2024 | 14,843 |
1,255,000 | 3.24%, 10/05/2026 | 1,190,209 |
2,340,000 | SBA Communications Corp REIT 3.13%, 02/01/2029 | 2,047,500 |
Β | Shimao Group Holdings Ltd(g) | Β |
200,000 | 6.13%, 02/21/2024 | 17,442 |
1,300,000 | 5.60%, 07/15/2026 | 120,250 |
200,000 | 5.20%, 01/16/2027 | 16,541 |
410,000 | 3.45%, 01/11/2031 | 30,955 |
600,000 | Sino-Ocean Land Treasure IV Ltd 4.75%, 01/14/2030 | 156,033 |
5,000 | Sirius International Group Ltd(a) 4.60%, 11/01/2026 | 4,350 |
400,000 | SITE Centers Corp REIT 4.70%, 06/01/2027 | 397,293 |
Β | Societe Generale SA(a) | Β |
670,000 | 4.75%, 11/24/2025 | 665,040 |
2,385,000 | 3.65%, 07/08/2035 | 1,993,155 |
15,000 | Spirit Realty LP REIT 3.40%, 01/15/2030 | 13,314 |
Β | Standard Chartered PLC(a) | Β |
810,000 | 4.64%, 04/01/2031 | 787,978 |
3,375,000 | 3.27%, 02/18/2036 | 2,740,547 |
1,755,000 | Stewart Information Services Corp 3.60%, 11/15/2031 | 1,500,414 |
295,000 | Sumitomo Mitsui Financial Group Inc 0.51%, 01/12/2024 | 282,105 |
Β | Sunac China Holdings Ltd(g) | Β |
200,000 | 5.95%, 04/26/2024 | 18,800 |
580,000 | 6.50%, 01/10/2025 | 65,250 |
790,000 | 7.00%, 07/09/2025 | 86,900 |
410,000 | 6.50%, 01/26/2026 | 45,121 |
Principal Amount | Β | Fair Value |
Financial β (continued) | ||
$β2,590,000 | Svenska Handelsbanken AB(a) 0.55%, 06/11/2024 | $ββββ2,446,592 |
ββ β205,000 | Synchrony Financial 4.38%, 03/19/2024 | βββ βββ204,589 |
Β | Times China Holdings Ltd | Β |
βββ810,000 | 6.20%, 03/22/2026(g) | βββββββ 72,900 |
βββ200,000 | 5.75%, 01/14/2027 | βββββββ 18,455 |
β 1,790,000 | Toronto-Dominion Bank 0.25%, 01/06/2023 | βββ β1,769,574 |
Β | UniCredit SpA(a) | Β |
210,000 | 1.98%, 06/03/2027 | 181,992 |
625,000 | 5.86%, 06/19/2032 | 559,113 |
200,000 | 5.46%, 06/30/2035 | 164,199 |
2,145,000 | US Bancorp 2.22%, 01/27/2028 | 2,003,599 |
Β | VICI Properties LP / VICI Note Co Inc REIT(a) | Β |
745,000 | 5.63%, 05/01/2024 | 745,335 |
915,000 | 4.63%, 06/15/2025 | 888,097 |
1,055,000 | 4.50%, 09/01/2026 | 1,006,903 |
1,275,000 | 4.25%, 12/01/2026 | 1,198,317 |
890,000 | 3.88%, 02/15/2029 | 812,561 |
195,000 | Welltower Inc REIT 4.25%, 04/01/2026 | 196,235 |
Β | Yuzhou Group Holdings Co Ltd(g) | Β |
625,000 | 7.70%, 02/20/2025 | 37,500 |
310,000 | 8.30%, 05/27/2025 | 17,902 |
205,000 | 7.85%, 08/12/2026 | 14,200 |
400,000 | 6.35%, 01/13/2027 | 28,092 |
Β | Β | 182,297,510 |
Industrial β 2.10% | ||
Β | Avnet Inc | Β |
1,420,000 | 4.63%, 04/15/2026 | 1,436,856 |
410,000 | 5.50%, 06/01/2032 | 409,986 |
Β | Boeing Co | Β |
1,900,000 | 2.20%, 02/04/2026 | 1,769,185 |
5,000 | 2.25%, 06/15/2026 | 4,617 |
4,285,000 | 2.95%, 02/01/2030 | 3,746,773 |
150,000 | 5.15%, 05/01/2030 | 151,414 |
235,000 | 3.63%, 02/01/2031 | 215,542 |
5,000 | 3.38%, 06/15/2046(e) | 3,596 |
5,000 | 3.63%, 03/01/2048 | 3,568 |
3,210,000 | 3.75%, 02/01/2050 | 2,430,399 |
10,000 | 5.81%, 05/01/2050 | 9,934 |
Β | Caterpillar Financial Services Corp | Β |
3,750,000 | 0.45%, 09/14/2023 | 3,644,662 |
3,105,000 | 0.95%, 01/10/2024 | 3,015,245 |
1,130,000 | 0.45%, 05/17/2024 | 1,078,817 |
Β | Cemex SAB de CV(a) | Β |
1,295,000 | 5.13%, Perpetual(f) | 1,081,325 |
905,000 | 5.20%, 09/17/2030 | 814,500 |
2,895,000 | 3.88%, 07/11/2031 | 2,323,238 |
Β | Embraer Netherlands Finance BV | Β |
5,000 | 5.05%, 06/15/2025 | 4,976 |
Β
See Notes to Schedule of Investments.
July 29, 2022
Β
GREAT-WEST FUNDS, INC.
GREAT-WEST CORE STRATEGIES: FLEXIBLE BOND FUND
Schedule of Investments
As of July 29, 2022 (Unaudited)
Principal Amount | Β | Fair Value |
Industrial β (continued) | ||
$β1,260,000 | 5.40%, 02/01/2027 | $ββββ1,231,272 |
β 1,046,000 | GE Capital International Funding Co Unlimited Co 4.42%, 11/15/2035 | βββ β1,032,440 |
ββ β200,000 | GMR Hyderabad International Airport Ltd(a) 4.25%, 10/27/2027 | βββ βββ164,760 |
ββ βββ5,000 | Huntington Ingalls Industries Inc 3.84%, 05/01/2025 | βββ βββββ4,945 |
ββ β910,000 | IHS Holding Ltd(a) 5.63%, 11/29/2026 | βββ βββ754,972 |
Β | Jabil Inc | Β |
βββ660,000 | 1.70%, 04/15/2026 | ββββββ 599,719 |
2,625,000 | 3.00%, 01/15/2031 | 2,267,320 |
Β | JELD-WEN Inc(a) | Β |
100,000 | 4.63%, 12/15/2025 | 92,250 |
1,320,000 | 4.88%, 12/15/2027 | 1,092,300 |
Β | John Deere Capital Corp | Β |
760,000 | 0.90%, 01/10/2024 | 736,447 |
1,255,000 | 0.45%, 06/07/2024 | 1,196,873 |
1,180,000 | 1.25%, 01/10/2025 | 1,128,226 |
405,000 | Sensata Technologies BV(a) 4.00%, 04/15/2029 | 368,267 |
790,000 | Sensata Technologies Inc(a) 3.75%, 02/15/2031 | 686,419 |
675,000 | Spirit AeroSystems Inc(e) 4.60%, 06/15/2028 | 564,128 |
1,215,000 | TD SYNNEX Corp 1.75%, 08/09/2026 | 1,086,957 |
540,000 | TopBuild Corp(a) 4.13%, 02/15/2032 | 469,853 |
905,000 | TransDigm Inc(a) 6.25%, 03/15/2026 | 909,353 |
Β | Β | 36,531,134 |
Technology β 1.61% | ||
Β | Broadcom Inc | Β |
1,110,000 | 4.15%, 11/15/2030 | 1,053,146 |
820,000 | 2.60%, 02/15/2033(a) | 662,858 |
1,070,000 | 3.19%, 11/15/2036(a) | 857,066 |
Β | CDW LLC / CDW Finance Corp | Β |
605,000 | 2.67%, 12/01/2026 | 550,659 |
165,000 | 4.25%, 04/01/2028 | 152,199 |
700,000 | 3.25%, 02/15/2029 | 601,986 |
2,860,000 | 3.57%, 12/01/2031 | 2,433,277 |
2,615,000 | Entegris Escrow Corp(a) 4.75%, 04/15/2029 | 2,517,774 |
1,010,000 | Fidelity National Information Services Inc 5.10%, 07/15/2032 | 1,048,999 |
Β | Marvell Technology Inc | Β |
545,000 | 2.45%, 04/15/2028 | 485,996 |
465,000 | 2.95%, 04/15/2031 | 401,276 |
Β | Microchip Technology Inc | Β |
310,000 | 4.33%, 06/01/2023 | 311,191 |
840,000 | 0.98%, 09/01/2024 | 787,685 |
Β | Micron Technology Inc | Β |
5,000 | 5.33%, 02/06/2029 | 5,124 |
Principal Amount | Β | Fair Value |
Technology β (continued) | ||
$β3,760,000 | 4.66%, 02/15/2030 | $ββββ3,688,377 |
ββ β325,000 | MSCI Inc(a) 3.25%, 08/15/2033 | βββ βββ281,557 |
β 2,345,000 | NVIDIA Corp 0.58%, 06/14/2024 | βββ β2,235,833 |
Β | NXP BV / NXP Funding LLC / NXP USA Inc | Β |
ββββ 15,000 | 3.15%, 05/01/2027 | βββββββ 14,269 |
βββ290,000 | 4.40%, 06/01/2027 | ββββββ 290,828 |
β 1,320,000 | Open Text Holdings Inc(a) 4.13%, 02/15/2030 | βββ β1,219,938 |
2,060,000 | Oracle Corp 3.95%, 03/25/2051 | 1,595,492 |
950,000 | Qorvo Inc(a) 3.38%, 04/01/2031 | 780,815 |
2,710,000 | Salesforce Inc 0.63%, 07/15/2024 | 2,590,255 |
Β | Seagate HDD Cayman | Β |
220,000 | 4.09%, 06/01/2029 | 199,972 |
135,000 | 3.38%, 07/15/2031 | 108,477 |
140,000 | Skyworks Solutions Inc 1.80%, 06/01/2026 | 126,919 |
335,000 | SS&C Technologies Inc(a) 5.50%, 09/30/2027 | 329,982 |
Β | Western Digital Corp | Β |
1,295,000 | 4.75%, 02/15/2026 | 1,276,053 |
1,695,000 | 2.85%, 02/01/2029 | 1,430,156 |
120,000 | 3.10%, 02/01/2032 | 94,982 |
Β | Β | 28,133,141 |
Utilities β 0.52% | ||
Β | AES Corp | Β |
605,000 | 3.95%, 07/15/2030(a) | 563,436 |
255,000 | 2.45%, 01/15/2031 | 215,542 |
Β | Calpine Corp(a) | Β |
455,000 | 5.13%, 03/15/2028(e) | 427,973 |
3,745,000 | 3.75%, 03/01/2031 | 3,324,343 |
285,000 | Edison International 4.95%, 04/15/2025 | 288,944 |
5,000 | IPALCO Enterprises Inc 4.25%, 05/01/2030 | 4,762 |
Β | NRG Energy Inc(a) | Β |
395,000 | 4.45%, 06/15/2029 | 363,087 |
490,000 | 5.25%, 06/15/2029 | 459,375 |
2,070,000 | 3.63%, 02/15/2031 | 1,733,841 |
Β | Pacific Gas & Electric Co | Β |
525,000 | 5.45%, 06/15/2027 | 521,011 |
100,000 | 3.25%, 06/01/2031 | 83,697 |
1,130,000 | 4.30%, 03/15/2045 | 844,842 |
210,000 | 4.25%, 03/15/2046 | 156,236 |
180,000 | 3.50%, 08/01/2050 | 127,281 |
10,000 | Vistra Operations Co LLC(a) 3.70%, 01/30/2027 | 9,386 |
Β | Β | 9,123,756 |
TOTAL CORPORATE BONDS AND NOTES β 28.87% (Cost $575,762,322) | $503,163,417 |
Β
See Notes to Schedule of Investments.
July 29, 2022
Β
GREAT-WEST FUNDS, INC.
GREAT-WEST CORE STRATEGIES: FLEXIBLE BOND FUND
Schedule of Investments
As of July 29, 2022 (Unaudited)
Principal Amount | Β | Fair Value |
CONVERTIBLE BONDS | ||
Communications β 0.59% | ||
$ββββ25,000 | Cable One Inc(h) 4.60%, 03/15/2026 | $βββββββ21,425 |
Β | DISH Network Corp | Β |
β2,330,000 | 12.22%, 12/15/2025(h) | ββββ1,649,407 |
β6,130,000 | 3.38%, 08/15/2026 | ββββ4,361,768 |
β 1,245,000 | Snap Inc(h) 8.80%, 05/01/2027 | βββ βββ877,725 |
β 1,115,000 | Spotify USA Inc(h) 6.17%, 03/15/2026 | βββ βββ910,955 |
370,000 | Twitter Inc(h) 2.35%, 03/15/2026 | 340,955 |
2,615,000 | Uber Technologies Inc(h) 6.05%, 12/15/2025 | 2,171,534 |
Β | Β | 10,333,769 |
Consumer, Cyclical β 0.26% | ||
415,000 | JetBlue Airways Corp 0.50%, 04/01/2026 | 295,895 |
1,985,000 | NCL Corp Ltd(a) 1.13%, 02/15/2027 | 1,350,792 |
115,000 | Peloton Interactive Inc(h) 15.03%, 02/15/2026 | 75,037 |
330,000 | Penn National Gaming Inc 2.75%, 05/15/2026 | 544,203 |
1,735,000 | Southwest Airlines Co 1.25%, 05/01/2025 | 2,193,907 |
Β | Β | 4,459,834 |
Consumer, Non-Cyclical β 0.44% | ||
Β | BioMarin Pharmaceutical Inc | Β |
870,000 | 0.60%, 08/01/2024 | 869,565 |
3,080,000 | 1.25%, 05/15/2027(e) | 3,093,528 |
120,000 | Guardant Health Inc(e)(h) 8.02%, 11/15/2027 | 84,225 |
570,000 | Ionis Pharmaceuticals Inc(h) 1.91%, 04/01/2026 | 532,594 |
675,000 | Livongo Health Inc 0.88%, 06/01/2025 | 580,142 |
3,460,000 | Teladoc Health Inc 1.25%, 06/01/2027 | 2,573,226 |
Β | Β | 7,733,280 |
Technology β 0.12% | ||
70,000 | Bentley Systems Inc 0.38%, 07/01/2027 | 57,470 |
995,000 | RingCentral Inc(h) 8.95%, 03/15/2026 | 751,225 |
675,000 | Splunk Inc 1.13%, 06/15/2027 | 578,813 |
895,000 | Unity Software Inc(a)(h) 7.95%, 11/15/2026 | 667,117 |
Β | Β | 2,054,625 |
TOTAL CONVERTIBLE BONDS β 1.41% (Cost $28,985,375) | $24,581,508 |
Principal Amount | Β | Fair Value |
FOREIGN GOVERNMENT BONDS AND NOTES | ||
$β3,475,000 | European Investment Bank 0.25%, 09/15/2023ββ | $ββββ3,368,770 |
β 3,455,000 | Inter-American Development Bank 0.50%, 05/24/2023ββ | βββ β3,384,691 |
ββ ββ65,000 | Province of Quebec Canada(e) 0.60%, 07/23/2025ββ | βββββββ60,496 |
TOTAL FOREIGN GOVERNMENT BONDS AND NOTES β 0.39% (Cost $7,005,544) | $6,813,957 | |
MORTGAGE-BACKED SECURITIES | ||
Non-Agency β 1.82% | ||
ββ β775,000 | BANK Series 2021-BN35 Class AS 2.46%,β 06/15/2064ββ | βββ βββ654,345 |
1,645,000 | BBSG Mortgage Trust(a) Series 2016-MRP Class A 3.28%,β 06/05/2036ββ | 1,518,457 |
161,371 | BB-UBS Trust(a) Series 2012-TFT Class A 2.89%,β 06/05/2030ββ | 157,259 |
1,090,000 | BINOM Securitization Trust(a)(d) Series 2022-RPL1 Class M1 3.00%,β 02/25/2061ββ | 1,004,908 |
1,185,000 | BPR Trust(a)(c) Series 2021-NRD Class F 8.97%,β 12/15/2023 1-mo. SOFRβ+β6.87% | 1,113,791 |
1,910,000 | BX Commercial Mortgage Trust(a)(c) Series 2022-AHP Class B 3.80%,β 01/17/2039 1-mo. SOFRβ+β1.84% | 1,836,680 |
739,250 | CIM Trust(a)(b) Series 2021-NR2 Class A1 2.57%,β 07/25/2059ββ | 704,399 |
405,000 | COMM Mortgage Trust(a) Series 2012-CR3 Class AM 3.42%,β 10/15/2045ββ | 402,975 |
105,000 | Commercial Mortgage Pass Through Certificates(a) Series 2012-LTRT Class A2 3.40%,β 10/05/2030ββ | 98,700 |
1,040,000 | CoreVest American Finance Trust(a)(b) Series 2021-RTL1 Class A1 2.24%,β 03/28/2029ββ | 958,982 |
Β | Credit Suisse Mortgage Trust(a) | Β |
Β | Series 2014-USA Class B | Β |
600,000 | 4.18%, 09/15/2037ββ | 554,811 |
Β | Series 2014-USA Class C | Β |
100,000 | 4.34%, 09/15/2037ββ | 89,220 |
Β
See Notes to Schedule of Investments.
July 29, 2022
Β
GREAT-WEST FUNDS, INC.
GREAT-WEST CORE STRATEGIES: FLEXIBLE BOND FUND
Schedule of Investments
As of July 29, 2022 (Unaudited)
Principal Amount | Β | Fair Value |
Non-Agency β (continued) | ||
Β | Series 2014-USA Class D | Β |
$βββ200,000 | 4.37%, 09/15/2037ββ | $ββββββ168,822 |
Β | Series 2021-RPL1 Class A1 | Β |
βββ340,672 | 1.67%, 09/27/2060(d)ββ | ββββββ 322,782 |
Β | Series 2021-RPL4 Class A1 | Β |
β1,010,095 | 1.80%, 12/27/2060(d)ββ | ββββββ 951,621 |
Β | Extended Stay America Trust(a)(c) | Β |
Β | Series 2021-ESH Class C | Β |
407,492 | 3.70%, 07/15/2038 1-mo. LIBORβ+β1.70% | 395,195 |
Β | Series 2021-ESH Class D | Β |
203,746 | 4.25%, 07/15/2038 1-mo. LIBORβ+β2.25% | 196,822 |
439,984 | GCAT Trust(a)(d) Series 2019-RPL1 Class A1 2.65%,β 10/25/2068ββ | 422,894 |
Β | GS Mortgage Securities Trust | Β |
Β | Series 2013-G1 Class B | Β |
460,000 | 3.60%, 04/10/2031(a)(d)ββ | 443,124 |
Β | Series 2013-PEMB Class A | Β |
300,000 | 3.55%, 03/05/2033(a)(d)ββ | 279,242 |
Β | Series 2013-PEMB Class B | Β |
250,000 | 3.55%, 03/05/2033(a)(d)ββ | 222,532 |
Β | Series 2014-GC18 Class AS | Β |
370,000 | 4.38%, 01/10/2047ββ | 356,635 |
Β | Series 2014-GC18 Class B | Β |
990,000 | 4.89%, 01/10/2047(d)ββ | 903,163 |
Β | Series 2020-GC47 Class A4 | Β |
1,500,000 | 2.12%, 05/12/2053ββ | 1,332,559 |
Β | JPMorgan Chase Commercial Mortgage Securities Trust(a)(d) | Β |
Β | Series 2012-C8 Class C | Β |
120,000 | 4.77%, 10/15/2045ββ | 119,530 |
Β | Series 2012-LC9 Class C | Β |
725,000 | 4.36%, 12/15/2047ββ | 714,287 |
Β | Legacy Mortgage Asset Trust(a) | Β |
Β | Series 2020-GS5 Class A1 | Β |
107,694 | 3.25%, 06/25/2060(b)ββ | 106,112 |
Β | Series 2020-RPL1 Class A2 | Β |
875,000 | 3.25%, 09/25/2059(d)ββ | 813,185 |
Β | Series 2021-GS2 Class A1 | Β |
463,561 | 1.75%, 04/25/2061(b)ββ | 435,387 |
Β | Series 2021-GS4 Class A1 | Β |
201,978 | 1.65%, 11/25/2060(b)ββ | 187,746 |
Principal Amount | Β | Fair Value |
Non-Agency β (continued) | ||
$βββ600,000 | Med Trust(a)(c) Series 2021-MDLN Class C 3.80%,β 11/15/2038 1-mo. LIBORβ+β1.80% | $ββββββ574,362 |
Β | Mill City Mortgage Loan Trust(a)(d) | Β |
Β | Series 2019-1 Class M1 | Β |
βββ479,117 | 3.50%, 10/25/2069ββ | ββββββ 449,985 |
Β | Series 2019-GS1 Class M2 | Β |
βββ125,000 | 3.25%, 07/25/2059ββ | ββββββ 116,666 |
Β | Series 2021-NMR1 Class M2 | Β |
750,000 | 2.50%, 11/25/2060ββ | 666,466 |
100,000 | Morgan Stanley Bank of America Merrill Lynch Commercial Mortgage Securities Trust(a) Series 2012-CKSV Class A2 3.28%,β 10/15/2030ββ | 99,015 |
Β | Morgan Stanley Bank of America Merrill Lynch Trust(d) | Β |
Β | Series 2013-C11 Class B | Β |
195,000 | 4.35%, 08/15/2046ββ | 140,669 |
Β | Series 2013-C12 Class C | Β |
65,000 | 4.76%, 10/15/2046ββ | 61,313 |
Β | Series 2016-C30 Class C | Β |
785,000 | 4.10%, 09/15/2049ββ | 692,888 |
Β | Preston Ridge Partners Mortgage LLC(a) | Β |
Β | Series 2021-1 Class A1 | Β |
597,335 | 2.12%, 01/25/2026(d)ββ | 568,192 |
Β | Series 2021-10 Class A1 | Β |
744,325 | 2.49%, 10/25/2026(b)ββ | 700,004 |
Β | Series 2021-2 Class A1 | Β |
255,062 | 2.12%, 03/25/2026(d)ββ | 243,063 |
Β | Series 2021-3 Class A1 | Β |
769,446 | 1.87%, 04/25/2026(b)ββ | 726,364 |
Β | Series 2021-4 Class A1 | Β |
153,109 | 1.87%, 04/25/2026(b)ββ | 144,716 |
Β | Series 2021-5 Class A1 | Β |
709,979 | 1.79%, 06/25/2026(b)ββ | 665,914 |
Β | Series 2021-8 Class A1 | Β |
646,884 | 1.74%, 09/25/2026(d)ββ | 601,034 |
Β | Series 2021-9 Class A1 | Β |
827,397 | 2.36%, 10/25/2026(b)ββ | 778,656 |
840,000 | RBS Commercial Funding Inc Trust(a)(d) Series 2013-GSP Class A 3.83%,β 01/15/2032ββ | 825,529 |
760,000 | Toorak Mortgage Corp Ltd(a)(b) Series 2021-1 Class A1 2.24%,β 06/25/2024ββ | 712,322 |
Β | Towd Point Mortgage Trust(a)(d) | Β |
Β | Series 2016-3 Class M2 | Β |
280,000 | 4.00%, 04/25/2056ββ | 275,376 |
Β
See Notes to Schedule of Investments.
July 29, 2022
Β
GREAT-WEST FUNDS, INC.
GREAT-WEST CORE STRATEGIES: FLEXIBLE BOND FUND
Schedule of Investments
As of July 29, 2022 (Unaudited)
Principal Amount | Β | Fair Value |
Non-Agency β (continued) | ||
Β | Series 2017-1 Class M1 | Β |
$βββ260,000 | 3.75%, 10/25/2056ββ | $ββββββ253,068 |
Β | Series 2017-3 Class A2 | Β |
βββ100,000 | 3.00%, 07/25/2057ββ | βββββββ 97,324 |
Β | Series 2017-4 Class M2 | Β |
βββ200,000 | 3.25%, 06/25/2057ββ | ββββββ 185,269 |
Β | Series 2018-5 Class M1 | Β |
685,000 | 3.25%, 07/25/2058ββ | 604,393 |
Β | Series 2019-4 Class A1 | Β |
523,816 | 2.90%, 10/25/2059ββ | 508,546 |
Β | Series 2019-4 Class M1 | Β |
140,000 | 3.50%, 10/25/2059ββ | 126,834 |
Β | Series 2020-1 Class A2B | Β |
100,000 | 3.25%, 01/25/2060ββ | 91,688 |
Β | Series 2020-2 Class A2B | Β |
125,000 | 3.00%, 04/25/2060ββ | 110,507 |
100,000 | UBS Commercial Mortgage Trust(d) Series 2018-C14 Class C 5.27%,β 12/15/2051ββ | 86,935 |
110,000 | UBS-Barclays Commercial Mortgage Trust(a)(d) Series 2012-C2 Class BEC 4.70%,β 05/10/2063ββ | 104,173 |
Β | Wells Fargo Commercial Mortgage Trust | Β |
Β | Series 2013-LC12 Class B | Β |
210,000 | 4.30%, 07/15/2046(d)ββ | 196,573 |
Β | Series 2016-C36 Class AS | Β |
1,345,000 | 3.42%, 11/15/2059ββ | 1,263,230 |
Β | Series 2016-C36 Class B | Β |
160,000 | 3.67%, 11/15/2059(d)ββ | 140,167 |
Β | WFRBS Commercial Mortgage Trust | Β |
Β | Series 2012-C7 Class C | Β |
240,000 | 4.69%, 06/15/2045(d)ββ | 170,400 |
Β | Series 2013-C15 Class B | Β |
770,000 | 4.52%, 08/15/2046(d)ββ | 730,943 |
Β | Series 2014-C20 Class B | Β |
245,000 | 4.38%, 05/15/2047ββ | 230,491 |
Β | Series 2014-C24 Class B | Β |
60,000 | 4.20%, 11/15/2047(d)ββ | 55,556 |
Β | Series 2014-C24 Class C | Β |
340,000 | 4.29%, 11/15/2047(d)ββ | 287,230 |
Β | Β | 31,752,026 |
U.S. Government Agency β 32.04% | ||
4,271,495 | Federal Home Loan Morgage Corp 2.50%,β 03/01/2037ββ | 4,160,211 |
Β | Federal Home Loan Mortgage Corp | Β |
6,949 | 2.50%, 01/01/2029ββ | 6,850 |
64,467 | 3.00%, 11/01/2034ββ | 64,603 |
19,691 | 2.50%, 06/01/2035ββ | 19,190 |
171,052 | 2.00%, 09/01/2035ββ | 162,794 |
127,642 | 2.00%, 10/01/2035ββ | 121,483 |
319,018 | 2.00%, 12/01/2035ββ | 303,621 |
Principal Amount | Β | Fair Value |
U.S. Government Agency β (continued) | ||
$ββββ43,666 | 3.00%, 09/01/2036ββ | $βββββββ43,682 |
β 9,541,804 | 2.50%, 03/01/2037 | βββ β9,297,199 |
β2,827,453 | 2.50%, 04/01/2037ββ | ββββ2,762,141 |
β3,848,707 | 2.00%, 01/01/2042ββ | ββββ3,559,931 |
β3,819,031 | 2.50%, 01/01/2042ββ | ββββ3,637,180 |
β4,343,264 | 2.50%, 04/01/2042ββ | ββββ4,136,517 |
ββββ 46,536 | 3.00%, 12/01/2046ββ | βββββββ 45,522 |
38,445 | 4.00%, 05/01/2047ββ | 39,347 |
24,309 | 4.50%, 10/01/2047ββ | 25,111 |
32,488 | 4.00%, 02/01/2048ββ | 33,150 |
3,381 | 4.50%, 06/01/2048ββ | 3,477 |
8,320 | 4.00%, 10/01/2048ββ | 8,495 |
9,825 | 3.50%, 09/01/2049ββ | 9,815 |
564,725 | 3.50%, 10/01/2049ββ | 563,830 |
14,359 | 3.00%, 11/01/2049ββ | 13,913 |
4,543,004 | 3.00%, 02/01/2051ββ | 4,404,032 |
758,096 | 2.00%, 05/01/2051ββ | 683,414 |
4,756,197 | 3.00%, 07/01/2051ββ | 4,622,783 |
4,850,296 | 3.00%, 09/01/2051ββ | 4,712,740 |
3,705,303 | 2.50%, 10/01/2051ββ | 3,460,364 |
3,649,815 | 2.50%, 01/01/2052ββ | 3,407,598 |
12,192,385 | 2.50%, 02/01/2052 | 11,391,627 |
8,853,020 | 3.00%, 04/01/2052 | 8,547,418 |
18,778,562 | 3.50%, 04/01/2052 | 18,631,550 |
20,468,069 | 3.50%, 05/01/2052 | 20,312,702 |
4,550,000 | 3.00%, 06/01/2052ββ | 4,405,737 |
4,664,515 | 3.50%, 06/01/2052ββ | 4,633,825 |
9,236,480 | 4.00%, 06/01/2052 | 9,327,148 |
4,370,000 | 4.50%, 07/01/2052ββ | 4,464,283 |
Β | Federal Home Loan Mortgage Corp Multifamily Structured Pass Through Certificates | Β |
Β | Series K045 Class A2 | Β |
2,585,914 | 3.02%, 01/25/2025ββ | 2,565,512 |
Β | Series K050 Class A2 | Β |
2,300,000 | 3.33%, 08/25/2025(d)ββ | 2,305,658 |
Β | Series K058 Class A2 | Β |
2,000,000 | 2.65%, 08/25/2026ββ | 1,959,883 |
Β | Series K059 Class A2 | Β |
650,000 | 3.12%, 09/25/2026(d)ββ | 648,039 |
Β | Series K061 Class A2 | Β |
4,380,000 | 3.35%, 11/25/2026(d)ββ | 4,403,924 |
Β | Series K061 Class AM | Β |
2,068,605 | 3.44%, 11/25/2026(d)ββ | 2,079,209 |
Β | Series K062 Class AM | Β |
2,500,000 | 3.51%, 12/25/2026ββ | 2,517,902 |
Β | Series K063 Class A2 | Β |
882,076 | 3.43%, 01/25/2027(d)ββ | 889,838 |
Β | Series K064 Class A1 | Β |
1,531,813 | 2.89%, 10/25/2026ββ | 1,527,116 |
Β | Series K064 Class A2 | Β |
505,000 | 3.22%, 03/25/2027ββ | 505,319 |
Β | Series K066 Class AM | Β |
2,507,000 | 3.20%, 06/25/2027ββ | 2,498,121 |
Β | Series K067 Class A2 | Β |
75,000 | 3.19%, 07/25/2027ββ | 75,060 |
Β | Series K069 Class A2 | Β |
2,305,000 | 3.19%, 09/25/2027(d)ββ | 2,305,599 |
Β
See Notes to Schedule of Investments.
July 29, 2022
Β
GREAT-WEST FUNDS, INC.
GREAT-WEST CORE STRATEGIES: FLEXIBLE BOND FUND
Schedule of Investments
As of July 29, 2022 (Unaudited)
Principal Amount | Β | Fair Value |
U.S. Government Agency β (continued) | ||
Β | Series K069 Class AM | Β |
$β2,500,000 | 3.25%, 09/25/2027(d)ββ | $ββββ2,488,287 |
Β | Series K070 Class A2 | Β |
β2,750,000 | 3.30%, 11/25/2027(d)ββ | ββββ2,765,938 |
Β | Series K071 Class A2 | Β |
β2,630,000 | 3.29%, 11/25/2027ββ | ββββ2,643,355 |
Β | Series K073 Class A2 | Β |
2,300,000 | 3.35%, 01/25/2028ββ | 2,319,177 |
Β | Series K073 Class AM | Β |
100,000 | 3.45%, 01/25/2028(d)ββ | 101,050 |
Β | Series K074 Class A2 | Β |
2,750,000 | 3.60%, 01/25/2028ββ | 2,807,253 |
Β | Series K075 Class A2 | Β |
2,344,000 | 3.65%, 02/25/2028(d)ββ | 2,399,337 |
Β | Series K076 Class A2 | Β |
2,000,000 | 3.90%, 04/25/2028ββ | 2,072,522 |
Β | Series K077 Class A2 | Β |
2,500,000 | 3.85%, 05/25/2028(d)ββ | 2,584,266 |
Β | Series K078 Class A2 | Β |
2,250,000 | 3.85%, 06/25/2028ββ | 2,325,547 |
Β | Series K078 Class AM | Β |
2,500,000 | 3.92%, 06/25/2028ββ | 2,564,654 |
Β | Series K084 Class A2 | Β |
2,250,000 | 3.78%, 10/25/2028(d)ββ | 2,311,311 |
Β | Series K095 Class A1 | Β |
28,514 | 2.63%, 11/25/2028ββ | 28,037 |
Β | Series K737 Class A2 | Β |
2,250,000 | 2.53%, 10/25/2026ββ | 2,187,790 |
Β | Series K740 Class A2 | Β |
750,000 | 1.47%, 09/25/2027ββ | 691,035 |
Β | Federal Home Loan Mortgage Corp Real Estate Mortgage Investment Conduit | Β |
Β | Series 4769 Class QL | Β |
4,184,353 | 3.50%, 09/15/2047ββ | 4,247,084 |
Β | Series 5238 Class BC | Β |
4,528,947 | 4.00%, 09/25/2049ββ | 4,602,191 |
645,094 | Federal Home Loan Mortgage Corp Structured Agency Credit Risk Real Estate Mortgage Investment Conduit Trust(a)(c) Series 2022-DNA3 Class M1A 3.51%,β 04/25/2042 1-mo. SOFRβ+β2.00% | 641,868 |
Β | Federal National Mortgage Association | Β |
267,444 | 3.00%, 10/01/2033ββ | 267,995 |
4,430,132 | 4.00%, 02/01/2034ββ | 4,527,832 |
21,586 | 3.00%, 06/01/2034ββ | 21,631 |
23,318 | 3.00%, 07/01/2034ββ | 23,367 |
7,728 | 3.00%, 10/01/2034ββ | 7,744 |
19,375 | 3.00%, 11/01/2034 | 19,383 |
323,204 | 2.00%, 10/01/2035ββ | 307,607 |
313,565 | 2.00%, 11/01/2035ββ | 298,429 |
317,801 | 2.00%, 12/01/2035ββ | 302,462 |
331,606 | 2.00%, 01/01/2036ββ | 316,418 |
Principal Amount | Β | Fair Value |
U.S. Government Agency β (continued) | ||
$β4,255,813 | 2.00%, 11/01/2036ββ | $ββββ4,061,877 |
β 7,874,445 | 2.00%, 02/01/2037 | βββ β7,503,841 |
β3,842,585 | 2.50%, 02/01/2037ββ | ββββ3,741,725 |
12,244,425 | 2.00%, 03/01/2037 | βββ 11,674,419 |
β3,524,777 | 2.50%, 03/01/2037ββ | ββββ3,433,646 |
β 7,939,776 | 2.50%, 04/01/2037 | βββ β7,732,531 |
β9,312,118 | 3.00%, 05/01/2037ββ | ββββ9,274,314 |
2,897,235 | 3.00%, 06/01/2037ββ | 2,878,378 |
4,035,342 | 2.50%, 02/01/2042ββ | 3,842,059 |
4,346,064 | 2.50%, 04/01/2042ββ | 4,125,837 |
8,682,054 | 2.50%, 03/01/2047ββ | 8,132,003 |
5,691,516 | 3.50%, 07/01/2047ββ | 5,748,422 |
27,564 | 4.00%, 09/01/2047ββ | 28,163 |
8,900 | 3.50%, 03/01/2048ββ | 8,916 |
6,298 | 4.00%, 06/01/2048ββ | 6,417 |
4,713,661 | 3.00%, 01/01/2049ββ | 4,626,665 |
6,832 | 3.00%, 12/01/2049ββ | 6,610 |
6,234 | 3.00%, 01/01/2050ββ | 6,054 |
31,090 | 2.50%, 05/01/2050ββ | 29,075 |
298,763 | 2.50%, 06/01/2050 | 279,373 |
163,827 | 2.50%, 07/01/2050ββ | 153,192 |
19,183 | 2.50%, 08/01/2050 | 17,933 |
691,224 | 2.00%, 05/01/2051ββ | 623,235 |
10,765,457 | 2.00%, 10/01/2051ββ | 9,703,679 |
24,703,796 | 2.50%, 10/01/2051 | 23,057,478 |
12,275,191 | 2.50%, 01/01/2052 | 11,469,903 |
8,325,886 | 3.50%, 01/01/2052 | 8,284,484 |
20,879,673 | 2.50%, 02/01/2052 | 19,517,879 |
8,654,924 | 2.50%, 03/01/2052 | 8,098,341 |
25,440,716 | 3.00%, 03/01/2052 | 24,654,048 |
4,518,827 | 3.50%, 03/01/2052ββ | 4,513,497 |
16,059,021 | 3.00%, 04/01/2052 | 15,541,515 |
17,540,102 | 3.50%, 04/01/2052 | 17,444,173 |
4,609,605 | 3.00%, 05/01/2052ββ | 4,456,601 |
9,036,261 | 3.50%, 05/01/2052 | 8,962,342 |
9,451,766 | 4.00%, 05/01/2052 | 9,525,048 |
23,163,037 | 4.00%, 06/01/2052 | 23,350,146 |
4,350,000 | 4.00%, 07/01/2052ββ | 4,382,776 |
4,370,000 | 4.50%, 07/01/2052ββ | 4,467,738 |
Β | Federal National Mortgage Association Alternative Credit Enhancement Security | Β |
Β | Series 2016-M5 Class A2 | Β |
2,500,000 | 2.47%, 04/25/2026ββ | 2,447,269 |
Β | Series 2017-M1 Class A2 | Β |
2,045,169 | 2.41%, 10/25/2026(d)ββ | 1,980,964 |
Β | Series 2018-M2 Class A2 | Β |
2,191,794 | 2.90%, 01/25/2028(d)ββ | 2,175,361 |
Β | Federal National Mortgage Association Real Estate Mortgage Investment Conduit | Β |
Β | Series 2022-35 Class CK | Β |
4,483,597 | 4.00%, 03/25/2047ββ | 4,579,178 |
Β | Series 2022-42 Class BA | Β |
4,530,506 | 4.00%, 06/25/2050ββ | 4,573,420 |
Β
See Notes to Schedule of Investments.
July 29, 2022
Β
GREAT-WEST FUNDS, INC.
GREAT-WEST CORE STRATEGIES: FLEXIBLE BOND FUND
Schedule of Investments
As of July 29, 2022 (Unaudited)
Principal Amount | Β | Fair Value |
U.S. Government Agency β (continued) | ||
Β | Government National Mortgage Association | Β |
$ββββ22,162 | 3.50%, 04/20/2047ββ | $βββββββ22,301 |
ββββ 13,497 | 4.00%, 04/20/2047ββ | βββββββ 13,766 |
ββββ 21,930 | 3.00%, 02/20/2048ββ | βββββββ 21,535 |
ββββ 28,774 | 3.50%, 02/20/2048ββ | βββββββ 28,936 |
Β | Uniform Mortgage-Backed Security(i) | Β |
60,200,000 | 4.00%, TBA | βββ 60,603,123 |
4,371,000 | 4.50%, TBAββ | 4,446,980 |
Β | Β | 558,435,199 |
TOTAL MORTGAGE-BACKED SECURITIES β 33.86% (Cost $607,044,594) | $590,187,225 | |
U.S. TREASURY BONDS AND NOTES | ||
Β | United States Treasury Note/Bond | Β |
13,380,000 | 0.13%, 01/31/2023(j) | 13,197,593 |
7,070,000 | 0.13%, 03/31/2023 | 6,938,542 |
7,650,000 | 0.13%, 04/30/2023 | 7,488,334 |
11,880,000 | 0.13%, 07/31/2023 | 11,547,731 |
22,905,000 | 0.25%, 09/30/2023 | 22,197,271 |
3,740,000 | 0.50%, 11/30/2023 | 3,620,057 |
8,795,000 | 0.88%, 01/31/2024 | 8,525,653 |
3,000,000 | 2.50%, 01/31/2024 | 2,979,844 |
17,350,000 | 2.75%, 02/15/2024 | 17,294,426 |
17,910,000 | 1.50%, 02/29/2024 | 17,509,124 |
20,000,000 | 0.38%, 08/15/2024 | 19,001,562 |
20,100,000 | 0.38%, 09/15/2024 | 19,062,023 |
15,650,000 | 2.75%, 02/28/2025 | 15,604,762 |
3,620,000 | 2.75%, 06/30/2025 | 3,612,364 |
14,550,000 | 2.88%, 07/31/2025 | 14,567,051 |
20,100,000 | 0.75%, 08/31/2026 | 18,555,598 |
29,200,000 | 2.63%, 05/31/2027 | 29,104,187 |
21,400,000 | 2.75%, 05/31/2029 | 21,440,125 |
16,940,000 | 1.88%, 02/15/2032 | 15,812,431 |
18,150,000 | 1.13%, 08/15/2040 | 12,885,082 |
7,400,000 | 1.75%, 08/15/2041 | 5,781,250 |
34,670,000 | 2.00%, 11/15/2041 | 28,304,805 |
4,500,000 | 2.38%, 02/15/2042 | 3,919,219 |
1,300,000 | 3.25%, 05/15/2042 | 1,301,422 |
5,000,000 | 2.50%, 02/15/2045 | 4,334,766 |
3,525,000 | 2.00%, 02/15/2050 | 2,800,998 |
12,180,000 | 1.25%, 05/15/2050 | 7,949,829 |
3,750,000 | 1.63%, 11/15/2050 | 2,702,930 |
11,400,000 | 2.00%, 08/15/2051 | 9,033,164 |
4,700,000 | 1.88%, 11/15/2051 | 3,616,797 |
33,980,000 | 2.25%, 02/15/2052(e) | 28,654,697 |
4,200,000 | 2.88%, 05/15/2052 | 4,062,187 |
TOTAL U.S. TREASURY BONDS AND NOTES β 21.99% (Cost $408,735,263) | $383,405,824 |
Shares | Β | Fair Value |
COMMON STOCK | ||
Basic Materials β 0.02% | ||
6,192 | Newmont Corp | $ββββββ280,374 |
Communications β 0.58% | ||
285,795 | Altice USA Inc Class A(k) | ββββ3,003,705 |
8,820 | Cisco Systems Inc | ββββββ 400,163 |
13,396 | Comcast Corp Class A | ββββββ 502,618 |
43,758 | T-Mobile US Inc(k) | ββββ6,260,020 |
Β | Β | 10,166,506 |
Consumer, Cyclical β 0.10% | ||
1,528 | Cummins Inc | 338,162 |
1,056 | Home Depot Inc | 317,793 |
5,975 | Starbucks Corp | 506,560 |
3,764 | Walmart Inc | 497,036 |
Β | Β | 1,659,551 |
Consumer, Non-Cyclical β 0.25% | ||
2,857 | Abbott Laboratories | 310,956 |
4,035 | AbbVie Inc | 579,063 |
650 | Anthem Inc | 310,115 |
5,368 | Bristol-Myers Squibb Co | 396,051 |
515 | Clarivate PLC(k) | 7,462 |
7,721 | Coca-Cola Co | 495,457 |
3,658 | Johnson & Johnson | 638,394 |
7,938 | Merck & Co Inc | 709,181 |
3,647 | Procter & Gamble Co | 506,605 |
372 | Thermo Fisher Scientific Inc | 222,608 |
473 | UnitedHealth Group Inc | 256,527 |
Β | Β | 4,432,419 |
Energy β 0.05% | ||
1,763 | Pioneer Natural Resources Co | 417,743 |
10,464 | Williams Cos Inc | 356,718 |
Β | Β | 774,461 |
Financial β 0.08% | ||
1,884 | American Tower Corp REIT | 510,244 |
786 | BlackRock Inc | 525,975 |
4,607 | Morgan Stanley | 388,370 |
Β | Β | 1,424,589 |
Industrial β 0.10% | ||
1,010 | Deere & Co | 346,612 |
303 | L3Harris Technologies Inc | 72,711 |
1,243 | Lockheed Martin Corp | 514,366 |
1,969 | Union Pacific Corp | 447,554 |
2,225 | United Parcel Service Inc Class B | 433,630 |
Β | Β | 1,814,873 |
Technology β 0.13% | ||
1,317 | Accenture PLC Class A | 403,344 |
Β
See Notes to Schedule of Investments.
July 29, 2022
Β
GREAT-WEST FUNDS, INC.
GREAT-WEST CORE STRATEGIES: FLEXIBLE BOND FUND
Schedule of Investments
As of July 29, 2022 (Unaudited)
Shares | Β | Fair Value |
Technology β (continued) | ||
2,942 | Apple Inc | $ββββββ478,104 |
504 | Broadcom Inc | ββββββ 269,882 |
4,854 | Microchip Technology Inc | ββββββ 334,247 |
1,839 | Microsoft Corp | ββββββ 516,281 |
2,137 | QUALCOMM Inc | ββββββ309,993 |
Β | Β | 2,311,851 |
Utilities β 0.06% | ||
3,686 | Duke Energy Corp | 405,202 |
6,533 | NextEra Energy Inc | 551,973 |
Β | Β | 957,175 |
TOTAL COMMON STOCK β 1.37% (Cost $24,314,407) | $23,821,799 | |
CONVERTIBLE PREFERRED STOCK | ||
Communications β 0.17% | ||
2,541 | 2020 Cash Mandatory Exchangeable Trust 5.25%(a) | 3,046,252 |
Energy β 0.00%(l) | ||
396 | El Paso Energy Capital Trust I 4.75% | 18,216 |
Financial β 0.23% | ||
1,596 | Bank of America Corp 7.25% | 2,001,352 |
1,539 | Wells Fargo & Co 7.50% | 1,956,531 |
Β | Β | 3,957,883 |
Technology β 0.04% | ||
11,140 | Clarivate PLC 5.25% | 668,049 |
TOTAL CONVERTIBLE PREFERRED STOCK β 0.44% (Cost $8,434,159) | $7,690,400 | |
Principal Amount | Β | Β |
SHORT TERM INVESTMENTS | ||
U.S. Government Agency Bonds and Notes β 0.52% | ||
$9,000,000 | Federal Home Loan Bank(h) 2.08%, 08/01/2022 | 8,998,975 |
Principal Amount | Β | Fair Value |
U.S. Treasury Bonds and Notes β 3.93% | ||
$68,600,000 | U.S. Treasury Bills(h) 1.90%, 08/23/2022 | $βββ68,513,088 |
Repurchase Agreements β 1.38% | ||
β5,733,344 | Repurchase agreement (principal amount/value $5,973,433 with a maturity value of $5,974,578) with Citibank NA, 2.30%, dated 7/31/22 to be repurchased at $5,733,344 on 8/1/22 collateralized by U.S. Treasury securities and various U.S. Government Agency securities, 1.38% - 6.00%, 12/1/22 - 1/1/49, with a value of $6,116,403.(m) | ββββ5,733,344 |
β5,733,344 | Undivided interest of 85.15% in a repurchase agreement (principal amount/value $6,973,433 with a maturity value of $6,974,770) with Bank of America Securities Inc, 2.30%, dated 7/31/22 to be repurchased at $5,733,344 on 8/1/22 collateralized by Federal National Mortgage Association securities, 2.00% - 4.50%, 7/1/43 - 7/1/52, with a value of $7,112,902.(m) | ββββ5,733,344 |
β5,733,344 | Undivided interest of 85.15% in a repurchase agreement (principal amount/value $6,973,433 with a maturity value of $6,974,770) with RBC Capital Markets Corp, 2.30%, dated 7/31/22 to be repurchased at $5,733,344 on 8/1/22 collateralized by U.S. Treasury securities and various U.S. Government Agency securities, 0.00% - 5.50%, 8/25/22 - 5/20/52, with a value of $7,112,902.(m) | ββββ5,733,344 |
β 5,733,344 | Undivided interest of 90.27% in a repurchase agreement (principal amount/value $6,591,515 with a maturity value of $6,592,751) with JP Morgan Securities, 2.25%, dated 7/31/22 to be repurchased at $5,733,344 on 8/1/22 collateralized by U.S. Treasury securities, 0.25% - 2.75%, 2/28/25 - 4/30/27, with a value of $6,723,345.(m) | βββ β5,733,344 |
Β
See Notes to Schedule of Investments.
July 29, 2022
Β
GREAT-WEST FUNDS, INC.
GREAT-WEST CORE STRATEGIES: FLEXIBLE BOND FUND
Schedule of Investments
As of July 29, 2022 (Unaudited)
Principal Amount | Β | Fair Value |
Repurchase Agreements β (continued) | ||
$β1,141,173 | Undivided interest of 98.53% in a repurchase agreement (principal amount/value $1,207,138 with a maturity value of $1,207,364) with HSBC Securities (USA) Inc, 2.25%, dated 7/31/22 to be repurchased at $1,141,173 on 8/1/22 collateralized by U.S. Treasury securities, 0.00% - 5.25%, 9/20/22 - 11/15/51, with a value of $1,231,281.(m) | $ββββ1,141,173 |
Β | Β | 24,074,549 |
TOTAL SHORT TERM INVESTMENTS β 5.83% (Cost $101,586,612) | $101,586,612 | |
TOTAL INVESTMENTS β 104.33% (Cost $1,952,186,182) | $1,818,584,555 | |
OTHER ASSETS & LIABILITIES, NET β (4.33)% | $(75,430,903) | |
TOTAL NET ASSETS β 100.00% | $1,743,153,652 |
(a)β | Represents securities sold under Rule 144A, which are exempt from registration under the Securities Act of 1933, as amended. |
(b)β | Step bond; a zero coupon bond that converts to a fixed rate or variable interest rate at a designated future date. Rate disclosed represents effective yield at July 29, 2022. Maturity date disclosed represents final maturity date. |
(c)β | Adjustable rate security; interest rate is subject to change. Interest rate shown reflects the rate in effect at July 29, 2022. |
(d)β | Certain variable rate securities are not based on a published reference rate and spread but are determined by the issuer or agent and are based on current market conditions. These securities do not indicate a reference rate and spread in their description above. |
(e)β | All or a portion of the security is on loan at July 29, 2022. |
(f)β | Security has no contractual maturity date and pays an indefinite stream of interest. |
(g)β | Security in default. |
(h)β | Zero coupon bond; the interest rate shown is the effective yield on date of purchase. |
(i)β | Single-class security backed by mortgage loans purchased by either Freddie Mac or Fannie Mae. |
(j)β | All or a portion of the security has been pledged as collateral to cover segregation requirements on open futures contracts. |
(k)β | Non-income producing security. |
(l)β | Represents less than 0.005% of net assets. |
(m)β | Collateral received for securities on loan. |
LIBORβ | London Interbank Offered Rate is the interest rate banks charge each other for short-term loans. |
LPβ | Limited Partnership |
REITβ | Real Estate Investment Trust |
SOFRβ | Secured Overnight Financing Rate is the secured interbank overnight interest rate and reference rate established as an alternative to LIBOR. |
TBAβ | To Be Announced |
At July 29, 2022, the Fund held the following outstanding exchange traded futures contracts: | |||||
Description | Number of Contracts | Β | Notional Amount | Expiration Date | Fair Value and Net Unrealized Appreciation |
Long | Β | Β | Β | Β | Β |
U.S. 10 Year Treasury Ultra Futures | 111 | USD | 14,568,750 | September 2022 | $960,806 |
See Notes to Schedule of Investments.
July 29, 2022
Β
GREAT-WEST FUNDS, INC.
GREAT-WEST CORE STRATEGIES: FLEXIBLE BOND FUND
Schedule of Investments
As of July 29, 2022 (Unaudited)
Currency Abbreviations | Β | |
USD | U.S. Dollar |
See Notes to Schedule of Investments.
July 29, 2022
Β
GREAT-WEST FUNDS, INC.
GREAT-WEST CORE STRATEGIES: FLEXIBLE BOND FUND
Notes to Schedule of Investments (Unaudited)
Security Valuation
The Board of Directors of the Fund has adopted policies and procedures for the valuation of the Fundβs securities and assets, and has appointed the Fair Value Pricing Committee of the investment adviser, Great-West Capital Management, LLC, to complete valuation determinations under those policies and procedures.
The Fund generally values its securities based on market prices determined at the close of regular trading on the New York Stock Exchange (NYSE) on each day the NYSE is open for trading. The net asset value (NAV) of each class of the 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.
For securities that are traded on only one exchange, the last sale price as of the close of business of that exchange will be used. If the closing price is not available, the current bid as of the close of business will be used. For securities traded on more than one exchange, or upon one or more exchanges and in the over-the-counter (OTC) market, the last sale price as of the close of business on the market which the security is traded most extensively will be used. If the closing price is not available, the current bid as of the close of business will be used. For securities that principally trade on the NASDAQ National Market System, the NASDAQ official closing price will be used.
Short term securities purchased with less than 60 days remaining until maturity and all U.S. Treasury Bills are valued on the basis of amortized cost, which has been determined to approximate fair value. Short term securities purchased with more than 60 days remaining until maturity are valued using pricing services, or in the event a price is not available from a pricing service, may be priced using other methodologies approved by the Board of Directors, including model pricing or pricing on the basis of quotations from brokers or dealers, and will continue to be priced until final maturity.
Fixed income investments are valued using evaluated bid prices from approved pricing services when available and appropriate based on the conditions of the market. If a price cannot be located from either the primary or secondary sources, or if the market is determined to be illiquid or inactive, other appropriate sources, which may include the use of an internally developed valuation model, another external pricing vendor or sourcing a price from a broker, may be used.
Foreign exchange rates are determined at a time that corresponds to the closing of the NYSE.
For derivatives that are traded on an exchange, the last sale price as of the close of business of the exchange will be used. For derivatives traded over-the-counter (OTC), independent pricing services will be utilized when possible. If a price cannot be located from the primary source, other appropriate sources, which may include the use of an internally developed valuation model, another external pricing vendor or sourcing a price from a broker, may be used.
Independent pricing services are approved by the Board of Directors and are utilized for all investment types when available. In some instances valuations from independent pricing services are not available or do not reflect events in the market between the time the market closed and the valuation time and therefore fair valuation procedures are implemented. The fair value for some securities 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. Broker quotes are analyzed through an internal review process, which includes a review of known market conditions and other relevant data. Developments that might trigger fair value pricing could be natural disasters, government actions or fluctuations in domestic and foreign markets.
July 29, 2022
Β
The following table provides examples of the inputs that are commonly used for valuing particular classes of securities. These classifications are not exclusive, and any inputs may be used to value any other security class.
Asset-Backed Securities | Benchmark yields, reported trades, broker/dealer quotes, issuer spreads, two-sided markets, benchmark securities, bids, evaluated bids, offers and reference data including market research publications. Inputs may also include new issue data, collateral performance, and monthly payment information. |
Corporate Bonds and Notes | Benchmark yields, reported trades, broker/dealer quotes, issuer spreads, two-sided markets, benchmark securities, bids, evaluated bids, offers and reference data including market research publications. Inputs also may include observations of equity and credit default swap curves related to issuer. |
Convertible Bonds, Convertible Preferred Stock | Benchmark yields, reported trades, broker/dealer quotes, issuer spreads, two-sided markets, benchmark securities, bids, evaluated bids, offers and reference data including market research publications. Inputs also may include exchange prices. |
Foreign Government Bonds and Notes | Benchmark yields, executed trades, broker/dealer quotes, credit information, collateral attributes, issuer spreads, benchmark securities, treasury/swap maturity curves, issuer spread curves, evaluated bids, market corroborated inputs, offers and reference data including market research publications. |
Mortgage-Backed Securities | Benchmark yields, reported trades, broker/dealer quotes, issuer spreads, two-sided markets, benchmark securities, bids, evaluated bids, offers and reference data including market research publications. Inputs may also include new issue data, collateral performance, TBA prices, monthly payment information and third party real estate analysis. |
U.S. Treasury Bonds and Notes | Benchmark yields, reported trades, broker/dealer quotes, issuer spreads, two-sided markets, benchmark securities, bids, evaluated bids, offers and reference data including market research publications. |
Common Stock | Exchange traded close price, bids, evaluated bids, open and close price of the local exchange, exchange rates, fair values based on significant market movement and various index data. |
Short Term Investments | Maturity date, credit quality and interest rates. |
Futures Contracts | Exchange traded close price. |
The Fund classifies its valuations into three levels based upon the observability of inputs to the valuation of the Fundβs 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 β Unadjusted quoted prices for identical securities in active markets.
Level 2 β 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 β Unobservable inputs to the extent observable inputs are not available and may include prices obtained from single broker quotes. Unobservable inputs reflect the Fundβs own assumptions and would be based on the best information available under the circumstances.
As of July 29, 2022, the inputs used to value the Fundβs investments are detailed in the following table. More information regarding the sector classifications, as applicable, are included in the Schedule of Investments.
July 29, 2022
Β
Β | Level 1 | Β | Level 2 | Β | Level 3 | Β | Total |
Assets | Β | Β | Β | Β | Β | Β | Β |
Investments, at fair value: | Β | Β | Β | Β | Β | Β | Β |
Asset-Backed Securities | $β | Β | $177,333,813 | Β | $β | Β | $177,333,813 |
Corporate Bonds and Notes | β | Β | 503,163,417 | Β | β | Β | 503,163,417 |
Convertible Bonds | β | Β | 24,581,508 | Β | β | Β | 24,581,508 |
Foreign Government Bonds and Notes | β | Β | 6,813,957 | Β | β | Β | 6,813,957 |
Mortgage-Backed Securities | β | Β | 590,187,225 | Β | β | Β | 590,187,225 |
U.S. Treasury Bonds and Notes | β | Β | 383,405,824 | Β | β | Β | 383,405,824 |
Common Stock | 23,821,799 | Β | β | Β | β | Β | 23,821,799 |
Convertible Preferred Stock | Β | Β | Β | Β | Β | Β | Β |
Communications | 3,046,252 | Β | β | Β | β | Β | 3,046,252 |
Energy | 18,216 | Β | β | Β | β | Β | 18,216 |
Financial | 3,957,883 | Β | β | Β | β | Β | 3,957,883 |
Technology | β | Β | 668,049 | Β | β | Β | 668,049 |
Β | 7,022,351 | Β | 668,049 | Β | β | Β | 7,690,400 |
Short Term Investments | β | Β | 101,586,612 | Β | β | Β | 101,586,612 |
Total investments, at fair value: | 30,844,150 | Β | 1,787,740,405 | Β | β | Β | 1,818,584,555 |
Other Financial Investments: | Β | Β | Β | Β | Β | Β | Β |
Futures Contracts(a) | 960,806 | Β | β | Β | β | Β | 960,806 |
Total Assets | $31,804,956 | Β | $1,787,740,405 | Β | $β | Β | $1,819,545,361 |
(a)β | Futures Contracts are reported at the securityβs unrealized appreciation (depreciation), which represents the change in the contractβs value from trade date. |
Repurchase Agreements
The Fund may engage in repurchase agreement transactions with institutions that the Fundβs investment adviser has determined are creditworthy. The Fund will purchase securities at a specified price with an agreement to sell the securities to the same counterparty at a specified time, price and interest rate. The Fundβs custodian and/or securities lending agent receives delivery of the underlying securities collateralizing a repurchase agreement. Collateral is at least equal to the value of the repurchase obligation including interest. A repurchase agreement transaction involves certain risks in the event of default or insolvency of the counterparty. These risks include possible delays or restrictions upon a Fundβs ability to dispose of the underlying securities and a possible decline in the value of the underlying securities during the period while the Fund seeks to assert its rights.
To Be Announced Transactions
The Fund may invest in securities known as To Be Announced (TBA) securities. TBAβs are Federal National Mortgage Association, Federal Home Loan Mortgage Corporation or Government National Mortgage Association issued mortgage backed securities for forward settlement, in which the buyer and seller decide on trade parameters, but the exact pools are unknown until two days before settlement date. The transactions arise when securities are purchased or sold with payment and delivery taking place in the future in order to secure what is considered to be an advantageous price and yield at the time of entering into the transaction. TBA transactions generally settle monthly on a specified date.
Dollar Rolls
The Fund may enter into dollar roll transactions, pursuant to which it sells a mortgage-backed TBA and simultaneously agrees to purchase a similar, but not identical, TBA with the same issuer, rate, and terms on a later date at a set price from the same counterparty. The Fund may execute a βrollβ to obtain better underlying mortgage securities or to enhance returns. The Fund generally enters into dollar roll transactions with the intention of taking possession of the underlying mortgage securities but may close a contract prior to settlement or βrollβ settlement to a later date if deemed to be in the best interest of the Fund. Actual mortgages received by the Fund may be less favorable than those anticipated. The Fund accounts for dollar roll transactions as purchases and sales, which has the effect of increasing its portfolio turnover rate.
July 29, 2022
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Futures Contracts
The Fund uses futures contracts to capitalize on expected changes in the shape of the yield curve and to control overall interest rate exposure. A futures contract is an agreement between two parties to buy or sell a specified underlying investment for a fixed price at a specified future date. Futures contracts are generally entered into on a regulated futures exchange and cleared through a clearinghouse associated with the exchange. The use of futures contracts may involve risks such as the possibility of illiquid markets or imperfect correlation between the value of the contracts and the underlying securities that comprise the index, or that the clearinghouse will fail to perform its obligations. The Fund held an average of 89 futures contracts for the reporting period.
1.Β Β SUBSEQUENT EVENTS
Effective August 1, 2022, Empower renamed certain operating companies within its corporate group to include βEmpowerβ in the legal name. In addition, the Great-West Core Strategies: Flexible Bond Fund changed its name to the Empower Core Strategies: Flexible Bond Fund on August 1, 2022.
July 29, 2022