EMPOWER FUNDS, INC.
EMPOWER LIFETIME 2015 FUND
Schedule of Investments
As of March 28, 2024 (Unaudited)
| Shares | Fair Value | |
| BOND MUTUAL FUNDS | ||
| 6,081,465 | Empower Bond Index Fund Institutional Class(a) | $ 50,476,159 |
| 2,959,084 | Empower Core Bond Fund Institutional Class(a) | 24,767,538 |
| 3,534,058 | Empower Global Bond Fund Institutional Class(a) | 26,929,523 |
| 1,465,162 | Empower High Yield Bond Fund Institutional Class(a) | 14,182,772 |
| 7,440,233 | Empower Inflation-Protected Securities Fund Institutional Class(a) | 66,218,067 |
| 2,436,338 | Empower Multi-Sector Bond Fund Institutional Class(a) | 20,099,786 |
| 2,959,437 | Empower Short Duration Bond Fund Institutional Class(a) | 28,410,599 |
| TOTAL BOND MUTUAL FUNDS — 46.88% (Cost $258,405,724) | $231,084,444 | |
| EQUITY MUTUAL FUNDS | ||
| 323,240 | American Century Real Estate Fund Class R6 | 7,925,849 |
| 889,497 | DFA International Real Estate Securities Portfolio Institutional Class | 3,255,558 |
| 161,647 | Empower Ariel Mid Cap Value Fund Institutional Class(a) | 1,742,559 |
| 794,498 | Empower Emerging Markets Equity Fund Institutional Class(a) | 7,094,865 |
| 987,232 | Empower International Growth Fund Institutional Class(a) | 9,595,895 |
| 1,873,015 | Empower International Index Fund Institutional Class(a) | 20,434,593 |
| 1,227,178 | Empower International Value Fund Institutional Class(a) | 10,835,985 |
| 1,592,704 | Empower Large Cap Growth Fund Institutional Class(a) | 18,507,219 |
| 2,660,669 | Empower Large Cap Value Fund Institutional Class(a) | 20,167,872 |
| 771,977 | Empower Mid Cap Value Fund Institutional Class(a) | 6,940,071 |
| 507,176 | Empower Real Estate Index Fund Institutional Class(a) | 4,265,354 |
| Shares | Fair Value | |
| Equity Mutual Funds — (continued) | ||
| 4,481,537 | Empower S&P 500® Index Fund Institutional Class(a) | $ 38,586,030 |
| 1,922,775 | Empower S&P Mid Cap 400® Index Fund Institutional Class(a) | 16,632,005 |
| 1,087,592 | Empower S&P Small Cap 600® Index Fund Institutional Class(a) | 7,275,987 |
| 60,151 | Empower Small Cap Growth Fund Institutional Class(a) | 691,741 |
| 543,962 | Empower Small Cap Value Fund Institutional Class(a) | 3,889,331 |
| 1,203,734 | Empower T. Rowe Price Mid Cap Growth Fund Institutional Class(a) | 7,956,679 |
| 690,791 | Fidelity® Emerging Markets Index Fund Institutional Class | 7,094,418 |
| 96,460 | Janus Henderson Triton Fund Class N | 2,729,827 |
| TOTAL EQUITY MUTUAL FUNDS — 39.69% (Cost $194,674,495) | $195,621,838 | |
| Account Balance | ||
| FIXED INTEREST CONTRACT | ||
| 66,325,613(b) | Empower of America Contract(a) 1.80%(c) | 66,325,613 |
| TOTAL FIXED INTEREST CONTRACT — 13.46% (Cost $66,325,613) | $66,325,613 | |
| TOTAL INVESTMENTS — 100.03% (Cost $519,405,832) | $493,031,895 | |
| OTHER ASSETS & LIABILITIES, NET — (0.03)% | $(155,141) | |
| TOTAL NET ASSETS — 100.00% | $492,876,754 | |
| (a) | Issuer is considered an affiliate of the Fund, see Notes to Schedule of Investments. |
| (b) | Account Balance and Cost represent net deposits. |
| (c) | Variable rate contract which is not based on a published reference rate and spread, but determined by the issuer and is based on current market conditions. Interest rate shown reflects the rate in effect at March 28, 2024. See Notes to Schedule of Investments. |
See Notes to Schedule of Investments.
March 28, 2024
EMPOWER FUNDS, INC.
EMPOWER LIFETIME 2020 FUND
Schedule of Investments
As of March 28, 2024 (Unaudited)
| Shares | Fair Value | |
| BOND MUTUAL FUNDS | ||
| 5,046,847 | Empower Bond Index Fund Institutional Class(a) | $ 41,888,836 |
| 2,458,449 | Empower Core Bond Fund Institutional Class(a) | 20,577,215 |
| 2,737,761 | Empower Global Bond Fund Institutional Class(a) | 20,861,741 |
| 1,218,577 | Empower High Yield Bond Fund Institutional Class(a) | 11,795,823 |
| 4,592,554 | Empower Inflation-Protected Securities Fund Institutional Class(a) | 40,873,728 |
| 2,023,277 | Empower Multi-Sector Bond Fund Institutional Class(a) | 16,692,036 |
| 1,889,454 | Empower Short Duration Bond Fund Institutional Class(a) | 18,138,763 |
| TOTAL BOND MUTUAL FUNDS — 44.77% (Cost $186,317,330) | $170,828,142 | |
| EQUITY MUTUAL FUNDS | ||
| 257,339 | American Century Real Estate Fund Class R6 | 6,309,943 |
| 732,810 | DFA International Real Estate Securities Portfolio Institutional Class | 2,682,087 |
| 136,605 | Empower Ariel Mid Cap Value Fund Institutional Class(a) | 1,472,598 |
| 730,653 | Empower Emerging Markets Equity Fund Institutional Class(a) | 6,524,733 |
| 879,530 | Empower International Growth Fund Institutional Class(a) | 8,549,037 |
| 1,666,573 | Empower International Index Fund Institutional Class(a) | 18,182,312 |
| 1,090,746 | Empower International Value Fund Institutional Class(a) | 9,631,285 |
| 1,332,510 | Empower Large Cap Growth Fund Institutional Class(a) | 15,483,770 |
| 2,238,837 | Empower Large Cap Value Fund Institutional Class(a) | 16,970,385 |
| 647,776 | Empower Mid Cap Value Fund Institutional Class(a) | 5,823,503 |
| 404,398 | Empower Real Estate Index Fund Institutional Class(a) | 3,400,988 |
| Shares | Fair Value | |
| Equity Mutual Funds — (continued) | ||
| 3,764,762 | Empower S&P 500® Index Fund Institutional Class(a) | $ 32,414,599 |
| 1,624,526 | Empower S&P Mid Cap 400® Index Fund Institutional Class(a) | 14,052,149 |
| 1,022,410 | Empower S&P Small Cap 600® Index Fund Institutional Class(a) | 6,839,921 |
| 56,977 | Empower Small Cap Growth Fund Institutional Class(a) | 655,238 |
| 504,722 | Empower Small Cap Value Fund Institutional Class(a) | 3,608,761 |
| 1,010,446 | Empower T. Rowe Price Mid Cap Growth Fund Institutional Class(a) | 6,679,047 |
| 635,018 | Fidelity® Emerging Markets Index Fund Institutional Class | 6,521,638 |
| 90,056 | Janus Henderson Triton Fund Class N | 2,548,585 |
| TOTAL EQUITY MUTUAL FUNDS — 44.13% (Cost $164,013,356) | $168,350,579 | |
| Account Balance | ||
| FIXED INTEREST CONTRACT | ||
| 42,478,777(b) | Empower of America Contract(a) 1.80%(c) | 42,478,777 |
| TOTAL FIXED INTEREST CONTRACT — 11.13% (Cost $42,478,777) | $42,478,777 | |
| TOTAL INVESTMENTS — 100.03% (Cost $392,809,463) | $381,657,498 | |
| OTHER ASSETS & LIABILITIES, NET — (0.03)% | $(117,340) | |
| TOTAL NET ASSETS — 100.00% | $381,540,158 | |
| (a) | Issuer is considered an affiliate of the Fund, see Notes to Schedule of Investments. |
| (b) | Account Balance and Cost represent net deposits. |
| (c) | Variable rate contract which is not based on a published reference rate and spread, but determined by the issuer and is based on current market conditions. Interest rate shown reflects the rate in effect at March 28, 2024. See Notes to Schedule of Investments. |
See Notes to Schedule of Investments.
March 28, 2024
EMPOWER FUNDS, INC.
EMPOWER LIFETIME 2025 FUND
Schedule of Investments
As of March 28, 2024 (Unaudited)
| Shares | Fair Value | |
| BOND MUTUAL FUNDS | ||
| 17,010,804 | Empower Bond Index Fund Institutional Class(a) | $ 141,189,676 |
| 8,305,248 | Empower Core Bond Fund Institutional Class(a) | 69,514,922 |
| 8,787,236 | Empower Global Bond Fund Institutional Class(a) | 66,958,739 |
| 4,117,836 | Empower High Yield Bond Fund Institutional Class(a) | 39,860,653 |
| 11,520,947 | Empower Inflation-Protected Securities Fund Institutional Class(a) | 102,536,432 |
| 6,823,659 | Empower Multi-Sector Bond Fund Institutional Class(a) | 56,295,184 |
| 4,953,123 | Empower Short Duration Bond Fund Institutional Class(a) | 47,549,978 |
| TOTAL BOND MUTUAL FUNDS — 41.49% (Cost $581,523,263) | $523,905,584 | |
| EQUITY MUTUAL FUNDS | ||
| 855,980 | American Century Real Estate Fund Class R6 | 20,988,633 |
| 2,590,243 | DFA International Real Estate Securities Portfolio Institutional Class | 9,480,289 |
| 495,243 | Empower Ariel Mid Cap Value Fund Institutional Class(a) | 5,338,724 |
| 2,925,915 | Empower Emerging Markets Equity Fund Institutional Class(a) | 26,128,422 |
| 3,412,083 | Empower International Growth Fund Institutional Class(a) | 33,165,445 |
| 6,475,179 | Empower International Index Fund Institutional Class(a) | 70,644,210 |
| 4,243,999 | Empower International Value Fund Institutional Class(a) | 37,474,510 |
| 4,868,280 | Empower Large Cap Growth Fund Institutional Class(a) | 56,569,413 |
| 8,141,000 | Empower Large Cap Value Fund Institutional Class(a) | 61,708,778 |
| 2,354,955 | Empower Mid Cap Value Fund Institutional Class(a) | 21,171,048 |
| Shares | Fair Value | |
| Equity Mutual Funds — (continued) | ||
| 1,348,010 | Empower Real Estate Index Fund Institutional Class(a) | $ 11,336,768 |
| 13,726,625 | Empower S&P 500® Index Fund Institutional Class(a) | 118,186,240 |
| 5,882,249 | Empower S&P Mid Cap 400® Index Fund Institutional Class(a) | 50,881,449 |
| 4,070,948 | Empower S&P Small Cap 600® Index Fund Institutional Class(a) | 27,234,642 |
| 220,425 | Empower Small Cap Growth Fund Institutional Class(a) | 2,534,891 |
| 2,028,311 | Empower Small Cap Value Fund Institutional Class(a) | 14,502,425 |
| 3,692,246 | Empower T. Rowe Price Mid Cap Growth Fund Institutional Class(a) | 24,405,743 |
| 2,543,944 | Fidelity® Emerging Markets Index Fund Institutional Class | 26,126,300 |
| 363,307 | Janus Henderson Triton Fund Class N | 10,281,573 |
| TOTAL EQUITY MUTUAL FUNDS — 49.75% (Cost $626,266,773) | $628,159,503 | |
| Account Balance | ||
| FIXED INTEREST CONTRACT | ||
| 110,987,043(b) | Empower of America Contract(a) 1.80%(c) | 110,987,043 |
| TOTAL FIXED INTEREST CONTRACT — 8.79% (Cost $110,987,043) | $110,987,043 | |
| TOTAL INVESTMENTS — 100.03% (Cost $1,318,777,079) | $1,263,052,130 | |
| OTHER ASSETS & LIABILITIES, NET — (0.03)% | $(406,986) | |
| TOTAL NET ASSETS — 100.00% | $1,262,645,144 | |
| (a) | Issuer is considered an affiliate of the Fund, see Notes to Schedule of Investments. |
| (b) | Account Balance and Cost represent net deposits. |
| (c) | Variable rate contract which is not based on a published reference rate and spread, but determined by the issuer and is based on current market conditions. Interest rate shown reflects the rate in effect at March 28, 2024. See Notes to Schedule of Investments. |
See Notes to Schedule of Investments.
March 28, 2024
EMPOWER FUNDS, INC.
EMPOWER LIFETIME 2030 FUND
Schedule of Investments
As of March 28, 2024 (Unaudited)
| Shares | Fair Value | |
| BOND MUTUAL FUNDS | ||
| 7,458,948 | Empower Bond Index Fund Institutional Class(a) | $ 61,909,266 |
| 3,631,541 | Empower Core Bond Fund Institutional Class(a) | 30,395,998 |
| 3,694,120 | Empower Global Bond Fund Institutional Class(a) | 28,149,192 |
| 1,802,605 | Empower High Yield Bond Fund Institutional Class(a) | 17,449,218 |
| 3,677,213 | Empower Inflation-Protected Securities Fund Institutional Class(a) | 32,727,197 |
| 2,982,903 | Empower Multi-Sector Bond Fund Institutional Class(a) | 24,608,951 |
| 1,682,691 | Empower Short Duration Bond Fund Institutional Class(a) | 16,153,838 |
| TOTAL BOND MUTUAL FUNDS — 36.02% (Cost $225,349,796) | $211,393,660 | |
| EQUITY MUTUAL FUNDS | ||
| 404,953 | American Century Real Estate Fund Class R6 | 9,929,453 |
| 1,284,390 | DFA International Real Estate Securities Portfolio Institutional Class | 4,700,867 |
| 258,492 | Empower Ariel Mid Cap Value Fund Institutional Class(a) | 2,786,547 |
| 1,679,082 | Empower Emerging Markets Equity Fund Institutional Class(a) | 14,994,199 |
| 1,902,840 | Empower International Growth Fund Institutional Class(a) | 18,495,607 |
| 3,602,353 | Empower International Index Fund Institutional Class(a) | 39,301,665 |
| 2,362,347 | Empower International Value Fund Institutional Class(a) | 20,859,522 |
| 2,558,615 | Empower Large Cap Growth Fund Institutional Class(a) | 29,731,105 |
| 4,285,983 | Empower Large Cap Value Fund Institutional Class(a) | 32,487,749 |
| 1,241,720 | Empower Mid Cap Value Fund Institutional Class(a) | 11,163,059 |
| 638,366 | Empower Real Estate Index Fund Institutional Class(a) | 5,368,658 |
| Shares | Fair Value | |
| Equity Mutual Funds — (continued) | ||
| 7,194,801 | Empower S&P 500® Index Fund Institutional Class(a) | $ 61,947,240 |
| 3,103,361 | Empower S&P Mid Cap 400® Index Fund Institutional Class(a) | 26,844,070 |
| 2,362,306 | Empower S&P Small Cap 600® Index Fund Institutional Class(a) | 15,803,829 |
| 128,247 | Empower Small Cap Growth Fund Institutional Class(a) | 1,474,836 |
| 1,170,890 | Empower Small Cap Value Fund Institutional Class(a) | 8,371,867 |
| 1,937,793 | Empower T. Rowe Price Mid Cap Growth Fund Institutional Class(a) | 12,808,814 |
| 1,459,914 | Fidelity® Emerging Markets Index Fund Institutional Class | 14,993,318 |
| 208,793 | Janus Henderson Triton Fund Class N | 5,908,844 |
| TOTAL EQUITY MUTUAL FUNDS — 57.60% (Cost $331,857,699) | $337,971,249 | |
| Account Balance | ||
| FIXED INTEREST CONTRACT | ||
| 37,632,770(b) | Empower of America Contract(a) 1.80%(c) | 37,632,770 |
| TOTAL FIXED INTEREST CONTRACT — 6.41% (Cost $37,632,770) | $37,632,770 | |
| TOTAL INVESTMENTS — 100.03% (Cost $594,840,265) | $586,997,679 | |
| OTHER ASSETS & LIABILITIES, NET — (0.03)% | $(178,796) | |
| TOTAL NET ASSETS — 100.00% | $586,818,883 | |
| (a) | Issuer is considered an affiliate of the Fund, see Notes to Schedule of Investments. |
| (b) | Account Balance and Cost represent net deposits. |
| (c) | Variable rate contract which is not based on a published reference rate and spread, but determined by the issuer and is based on current market conditions. Interest rate shown reflects the rate in effect at March 28, 2024. See Notes to Schedule of Investments. |
See Notes to Schedule of Investments.
March 28, 2024
EMPOWER FUNDS, INC.
EMPOWER LIFETIME 2035 FUND
Schedule of Investments
As of March 28, 2024 (Unaudited)
| Shares | Fair Value | |
| BOND MUTUAL FUNDS | ||
| 14,997,470 | Empower Bond Index Fund Institutional Class(a) | $ 124,479,001 |
| 7,289,861 | Empower Core Bond Fund Institutional Class(a) | 61,016,133 |
| 7,183,045 | Empower Global Bond Fund Institutional Class(a) | 54,734,803 |
| 3,634,112 | Empower High Yield Bond Fund Institutional Class(a) | 35,178,209 |
| 5,201,224 | Empower Inflation-Protected Securities Fund Institutional Class(a) | 46,290,891 |
| 6,002,714 | Empower Multi-Sector Bond Fund Institutional Class(a) | 49,522,389 |
| 2,602,497 | Empower Short Duration Bond Fund Institutional Class(a) | 24,983,970 |
| TOTAL BOND MUTUAL FUNDS — 27.94% (Cost $433,260,500) | $396,205,396 | |
| EQUITY MUTUAL FUNDS | ||
| 990,566 | American Century Real Estate Fund Class R6 | 24,288,683 |
| 3,304,334 | DFA International Real Estate Securities Portfolio Institutional Class | 12,093,863 |
| 720,743 | Empower Ariel Mid Cap Value Fund Institutional Class(a) | 7,769,607 |
| 5,083,499 | Empower Emerging Markets Equity Fund Institutional Class(a) | 45,395,649 |
| 5,579,796 | Empower International Growth Fund Institutional Class(a) | 54,235,619 |
| 10,613,065 | Empower International Index Fund Institutional Class(a) | 115,788,538 |
| 6,964,266 | Empower International Value Fund Institutional Class(a) | 61,494,467 |
| 7,112,268 | Empower Large Cap Growth Fund Institutional Class(a) | 82,644,548 |
| 11,973,815 | Empower Large Cap Value Fund Institutional Class(a) | 90,761,518 |
| 3,470,499 | Empower Mid Cap Value Fund Institutional Class(a) | 31,199,782 |
| Shares | Fair Value | |
| Equity Mutual Funds — (continued) | ||
| 1,557,352 | Empower Real Estate Index Fund Institutional Class(a) | $ 13,097,327 |
| 20,120,680 | Empower S&P 500® Index Fund Institutional Class(a) | 173,239,064 |
| 8,669,861 | Empower S&P Mid Cap 400® Index Fund Institutional Class(a) | 74,994,305 |
| 7,191,304 | Empower S&P Small Cap 600® Index Fund Institutional Class(a) | 48,109,826 |
| 384,500 | Empower Small Cap Growth Fund Institutional Class(a) | 4,421,748 |
| 3,567,816 | Empower Small Cap Value Fund Institutional Class(a) | 25,509,882 |
| 5,405,674 | Empower T. Rowe Price Mid Cap Growth Fund Institutional Class(a) | 35,731,506 |
| 4,419,351 | Fidelity® Emerging Markets Index Fund Institutional Class | 45,386,727 |
| 632,261 | Janus Henderson Triton Fund Class N | 17,892,994 |
| TOTAL EQUITY MUTUAL FUNDS — 67.99% (Cost $951,179,810) | $964,055,653 | |
| Account Balance | ||
| FIXED INTEREST CONTRACT | ||
| 58,153,558(b) | Empower of America Contract(a) 1.80%(c) | 58,153,558 |
| TOTAL FIXED INTEREST CONTRACT — 4.10% (Cost $58,153,558) | $58,153,558 | |
| TOTAL INVESTMENTS — 100.03% (Cost $1,442,593,868) | $1,418,414,607 | |
| OTHER ASSETS & LIABILITIES, NET — (0.03)% | $(469,000) | |
| TOTAL NET ASSETS — 100.00% | $1,417,945,607 | |
| (a) | Issuer is considered an affiliate of the Fund, see Notes to Schedule of Investments. |
| (b) | Account Balance and Cost represent net deposits. |
| (c) | Variable rate contract which is not based on a published reference rate and spread, but determined by the issuer and is based on current market conditions. Interest rate shown reflects the rate in effect at March 28, 2024. See Notes to Schedule of Investments. |
See Notes to Schedule of Investments.
March 28, 2024
EMPOWER FUNDS, INC.
EMPOWER LIFETIME 2040 FUND
Schedule of Investments
As of March 28, 2024 (Unaudited)
| Shares | Fair Value | |
| BOND MUTUAL FUNDS | ||
| 3,611,013 | Empower Bond Index Fund Institutional Class(a) | $ 29,971,408 |
| 1,758,514 | Empower Core Bond Fund Institutional Class(a) | 14,718,763 |
| 1,682,530 | Empower Global Bond Fund Institutional Class(a) | 12,820,876 |
| 874,061 | Empower High Yield Bond Fund Institutional Class(a) | 8,460,912 |
| 823,535 | Empower Inflation-Protected Securities Fund Institutional Class(a) | 7,329,460 |
| 1,449,710 | Empower Multi-Sector Bond Fund Institutional Class(a) | 11,960,107 |
| 469,723 | Empower Short Duration Bond Fund Institutional Class(a) | 4,509,345 |
| TOTAL BOND MUTUAL FUNDS — 19.00% (Cost $93,630,368) | $89,770,871 | |
| EQUITY MUTUAL FUNDS | ||
| 333,120 | American Century Real Estate Fund Class R6 | 8,168,117 |
| 1,163,032 | DFA International Real Estate Securities Portfolio Institutional Class | 4,256,696 |
| 270,771 | Empower Ariel Mid Cap Value Fund Institutional Class(a) | 2,918,909 |
| 2,086,694 | Empower Emerging Markets Equity Fund Institutional Class(a) | 18,634,174 |
| 2,229,575 | Empower International Growth Fund Institutional Class(a) | 21,671,473 |
| 4,232,908 | Empower International Index Fund Institutional Class(a) | 46,181,022 |
| 2,774,394 | Empower International Value Fund Institutional Class(a) | 24,497,897 |
| 2,673,454 | Empower Large Cap Growth Fund Institutional Class(a) | 31,065,538 |
| 4,500,149 | Empower Large Cap Value Fund Institutional Class(a) | 34,111,130 |
| 1,302,776 | Empower Mid Cap Value Fund Institutional Class(a) | 11,711,961 |
| 523,199 | Empower Real Estate Index Fund Institutional Class(a) | 4,400,104 |
| Shares | Fair Value | |
| Equity Mutual Funds — (continued) | ||
| 7,561,899 | Empower S&P 500® Index Fund Institutional Class(a) | $ 65,107,954 |
| 3,258,355 | Empower S&P Mid Cap 400® Index Fund Institutional Class(a) | 28,184,773 |
| 2,929,403 | Empower S&P Small Cap 600® Index Fund Institutional Class(a) | 19,597,706 |
| 156,948 | Empower Small Cap Growth Fund Institutional Class(a) | 1,804,907 |
| 1,454,579 | Empower Small Cap Value Fund Institutional Class(a) | 10,400,239 |
| 2,036,587 | Empower T. Rowe Price Mid Cap Growth Fund Institutional Class(a) | 13,461,838 |
| 1,814,545 | Fidelity® Emerging Markets Index Fund Institutional Class | 18,635,376 |
| 259,407 | Janus Henderson Triton Fund Class N | 7,341,210 |
| TOTAL EQUITY MUTUAL FUNDS — 78.79% (Cost $369,642,788) | $372,151,024 | |
| Account Balance | ||
| FIXED INTEREST CONTRACT | ||
| 10,568,439(b) | Empower of America Contract(a) 1.80%(c) | 10,568,439 |
| TOTAL FIXED INTEREST CONTRACT — 2.24% (Cost $10,568,439) | $10,568,439 | |
| TOTAL INVESTMENTS — 100.03% (Cost $473,841,595) | $472,490,334 | |
| OTHER ASSETS & LIABILITIES, NET — (0.03)% | $(149,546) | |
| TOTAL NET ASSETS — 100.00% | $472,340,788 | |
| (a) | Issuer is considered an affiliate of the Fund, see Notes to Schedule of Investments. |
| (b) | Account Balance and Cost represent net deposits. |
| (c) | Variable rate contract which is not based on a published reference rate and spread, but determined by the issuer and is based on current market conditions. Interest rate shown reflects the rate in effect at March 28, 2024. See Notes to Schedule of Investments. |
See Notes to Schedule of Investments.
March 28, 2024
EMPOWER FUNDS, INC.
EMPOWER LIFETIME 2045 FUND
Schedule of Investments
As of March 28, 2024 (Unaudited)
| Shares | Fair Value | |
| BOND MUTUAL FUNDS | ||
| 5,281,481 | Empower Bond Index Fund Institutional Class(a) | $ 43,836,295 |
| 2,567,897 | Empower Core Bond Fund Institutional Class(a) | 21,493,296 |
| 2,408,532 | Empower Global Bond Fund Institutional Class(a) | 18,353,011 |
| 1,276,333 | Empower High Yield Bond Fund Institutional Class(a) | 12,354,908 |
| 676,273 | Empower Inflation-Protected Securities Fund Institutional Class(a) | 6,018,829 |
| 2,117,460 | Empower Multi-Sector Bond Fund Institutional Class(a) | 17,469,048 |
| 496,977 | Empower Short Duration Bond Fund Institutional Class(a) | 4,770,974 |
| TOTAL BOND MUTUAL FUNDS — 11.91% (Cost $133,676,737) | $124,296,361 | |
| EQUITY MUTUAL FUNDS | ||
| 748,815 | American Century Real Estate Fund Class R6 | 18,360,934 |
| 2,711,111 | DFA International Real Estate Securities Portfolio Institutional Class | 9,922,667 |
| 645,384 | Empower Ariel Mid Cap Value Fund Institutional Class(a) | 6,957,237 |
| 5,377,183 | Empower Emerging Markets Equity Fund Institutional Class(a) | 48,018,247 |
| 5,590,509 | Empower International Growth Fund Institutional Class(a) | 54,339,750 |
| 10,619,612 | Empower International Index Fund Institutional Class(a) | 115,859,969 |
| 6,961,465 | Empower International Value Fund Institutional Class(a) | 61,469,735 |
| 6,348,075 | Empower Large Cap Growth Fund Institutional Class(a) | 73,764,632 |
| 10,659,216 | Empower Large Cap Value Fund Institutional Class(a) | 80,796,862 |
| 3,084,904 | Empower Mid Cap Value Fund Institutional Class(a) | 27,733,288 |
| Shares | Fair Value | |
| Equity Mutual Funds — (continued) | ||
| 1,168,910 | Empower Real Estate Index Fund Institutional Class(a) | $ 9,830,530 |
| 17,930,296 | Empower S&P 500® Index Fund Institutional Class(a) | 154,379,847 |
| 7,719,546 | Empower S&P Mid Cap 400® Index Fund Institutional Class(a) | 66,774,073 |
| 7,477,682 | Empower S&P Small Cap 600® Index Fund Institutional Class(a) | 50,025,692 |
| 410,388 | Empower Small Cap Growth Fund Institutional Class(a) | 4,719,466 |
| 3,705,260 | Empower Small Cap Value Fund Institutional Class(a) | 26,492,607 |
| 4,826,580 | Empower T. Rowe Price Mid Cap Growth Fund Institutional Class(a) | 31,903,697 |
| 4,674,839 | Fidelity® Emerging Markets Index Fund Institutional Class | 48,010,600 |
| 661,006 | Janus Henderson Triton Fund Class N | 18,706,472 |
| TOTAL EQUITY MUTUAL FUNDS — 87.05% (Cost $898,361,710) | $908,066,305 | |
| Account Balance | ||
| FIXED INTEREST CONTRACT | ||
| 11,201,287(b) | Empower of America Contract(a) 1.80%(c) | 11,201,287 |
| TOTAL FIXED INTEREST CONTRACT — 1.07% (Cost $11,201,287) | $11,201,287 | |
| TOTAL INVESTMENTS — 100.03% (Cost $1,043,239,734) | $1,043,563,953 | |
| OTHER ASSETS & LIABILITIES, NET — (0.03)% | $(348,983) | |
| TOTAL NET ASSETS — 100.00% | $1,043,214,970 | |
| (a) | Issuer is considered an affiliate of the Fund, see Notes to Schedule of Investments. |
| (b) | Account Balance and Cost represent net deposits. |
| (c) | Variable rate contract which is not based on a published reference rate and spread, but determined by the issuer and is based on current market conditions. Interest rate shown reflects the rate in effect at March 28, 2024. See Notes to Schedule of Investments. |
See Notes to Schedule of Investments.
March 28, 2024
EMPOWER FUNDS, INC.
EMPOWER LIFETIME 2050 FUND
Schedule of Investments
As of March 28, 2024 (Unaudited)
| Shares | Fair Value | |
| BOND MUTUAL FUNDS | ||
| 1,277,406 | Empower Bond Index Fund Institutional Class(a) | $ 10,602,467 |
| 618,764 | Empower Core Bond Fund Institutional Class(a) | 5,179,051 |
| 574,291 | Empower Global Bond Fund Institutional Class(a) | 4,376,100 |
| 308,863 | Empower High Yield Bond Fund Institutional Class(a) | 2,989,794 |
| 58,557 | Empower Inflation-Protected Securities Fund Institutional Class(a) | 521,159 |
| 510,494 | Empower Multi-Sector Bond Fund Institutional Class(a) | 4,211,577 |
| 83,249 | Empower Short Duration Bond Fund Institutional Class(a) | 799,193 |
| TOTAL BOND MUTUAL FUNDS — 8.21% (Cost $29,775,150) | $28,679,341 | |
| EQUITY MUTUAL FUNDS | ||
| 253,157 | American Century Real Estate Fund Class R6 | 6,207,401 |
| 954,742 | DFA International Real Estate Securities Portfolio Institutional Class | 3,494,355 |
| 219,970 | Empower Ariel Mid Cap Value Fund Institutional Class(a) | 2,371,276 |
| 1,992,619 | Empower Emerging Markets Equity Fund Institutional Class(a) | 17,794,084 |
| 2,010,937 | Empower International Growth Fund Institutional Class(a) | 19,546,305 |
| 3,817,123 | Empower International Index Fund Institutional Class(a) | 41,644,814 |
| 2,501,439 | Empower International Value Fund Institutional Class(a) | 22,087,704 |
| 2,158,848 | Empower Large Cap Growth Fund Institutional Class(a) | 25,085,812 |
| 3,623,788 | Empower Large Cap Value Fund Institutional Class(a) | 27,468,316 |
| 1,049,460 | Empower Mid Cap Value Fund Institutional Class(a) | 9,434,642 |
| 399,067 | Empower Real Estate Index Fund Institutional Class(a) | 3,356,157 |
| Shares | Fair Value | |
| Equity Mutual Funds — (continued) | ||
| 6,089,924 | Empower S&P 500® Index Fund Institutional Class(a) | $ 52,434,246 |
| 2,628,220 | Empower S&P Mid Cap 400® Index Fund Institutional Class(a) | 22,734,106 |
| 2,748,434 | Empower S&P Small Cap 600® Index Fund Institutional Class(a) | 18,387,022 |
| 149,548 | Empower Small Cap Growth Fund Institutional Class(a) | 1,719,807 |
| 1,358,958 | Empower Small Cap Value Fund Institutional Class(a) | 9,716,552 |
| 1,639,669 | Empower T. Rowe Price Mid Cap Growth Fund Institutional Class(a) | 10,838,208 |
| 1,732,260 | Fidelity® Emerging Markets Index Fund Institutional Class | 17,790,312 |
| 242,682 | Janus Henderson Triton Fund Class N | 6,867,912 |
| TOTAL EQUITY MUTUAL FUNDS — 91.29% (Cost $313,206,830) | $318,979,031 | |
| Account Balance | ||
| FIXED INTEREST CONTRACT | ||
| 1,841,687(b) | Empower of America Contract(a) 1.80%(c) | 1,841,687 |
| TOTAL FIXED INTEREST CONTRACT — 0.53% (Cost $1,841,687) | $1,841,687 | |
| TOTAL INVESTMENTS — 100.03% (Cost $344,823,667) | $349,500,059 | |
| OTHER ASSETS & LIABILITIES, NET — (0.03)% | $(111,112) | |
| TOTAL NET ASSETS — 100.00% | $349,388,947 | |
| (a) | Issuer is considered an affiliate of the Fund, see Notes to Schedule of Investments. |
| (b) | Account Balance and Cost represent net deposits. |
| (c) | Variable rate contract which is not based on a published reference rate and spread, but determined by the issuer and is based on current market conditions. Interest rate shown reflects the rate in effect at March 28, 2024. See Notes to Schedule of Investments. |
See Notes to Schedule of Investments.
March 28, 2024
EMPOWER FUNDS, INC.
EMPOWER LIFETIME 2055 FUND
Schedule of Investments
As of March 28, 2024 (Unaudited)
| Shares | Fair Value | |
| BOND MUTUAL FUNDS | ||
| 1,776,331 | Empower Bond Index Fund Institutional Class(a) | $ 14,743,550 |
| 864,400 | Empower Core Bond Fund Institutional Class(a) | 7,235,029 |
| 805,882 | Empower Global Bond Fund Institutional Class(a) | 6,140,821 |
| 432,671 | Empower High Yield Bond Fund Institutional Class(a) | 4,188,250 |
| 712,742 | Empower Multi-Sector Bond Fund Institutional Class(a) | 5,880,125 |
| 84,935 | Empower Short Duration Bond Fund Institutional Class(a) | 815,370 |
| TOTAL BOND MUTUAL FUNDS — 7.14% (Cost $41,799,116) | $39,003,145 | |
| EQUITY MUTUAL FUNDS | ||
| 397,779 | American Century Real Estate Fund Class R6 | 9,753,538 |
| 1,567,796 | DFA International Real Estate Securities Portfolio Institutional Class | 5,738,133 |
| 337,893 | Empower Ariel Mid Cap Value Fund Institutional Class(a) | 3,642,491 |
| 3,316,496 | Empower Emerging Markets Equity Fund Institutional Class(a) | 29,616,311 |
| 3,260,015 | Empower International Growth Fund Institutional Class(a) | 31,687,346 |
| 6,184,880 | Empower International Index Fund Institutional Class(a) | 67,477,040 |
| 4,051,429 | Empower International Value Fund Institutional Class(a) | 35,774,120 |
| 3,312,262 | Empower Large Cap Growth Fund Institutional Class(a) | 38,488,486 |
| 5,543,195 | Empower Large Cap Value Fund Institutional Class(a) | 42,017,418 |
| 1,606,473 | Empower Mid Cap Value Fund Institutional Class(a) | 14,442,189 |
| 630,354 | Empower Real Estate Index Fund Institutional Class(a) | 5,301,277 |
| 9,345,606 | Empower S&P 500® Index Fund Institutional Class(a) | 80,465,666 |
| Shares | Fair Value | |
| Equity Mutual Funds — (continued) | ||
| 4,019,320 | Empower S&P Mid Cap 400® Index Fund Institutional Class(a) | $ 34,767,117 |
| 4,494,608 | Empower S&P Small Cap 600® Index Fund Institutional Class(a) | 30,068,930 |
| 243,187 | Empower Small Cap Growth Fund Institutional Class(a) | 2,796,649 |
| 2,226,406 | Empower Small Cap Value Fund Institutional Class(a) | 15,918,800 |
| 2,506,385 | Empower T. Rowe Price Mid Cap Growth Fund Institutional Class(a) | 16,567,205 |
| 2,883,198 | Fidelity® Emerging Markets Index Fund Institutional Class | 29,610,445 |
| 398,172 | Janus Henderson Triton Fund Class N | 11,268,272 |
| TOTAL EQUITY MUTUAL FUNDS — 92.53% (Cost $497,601,021) | $505,401,433 | |
| Account Balance | ||
| FIXED INTEREST CONTRACT | ||
| 1,956,792(b) | Empower of America Contract(a) 1.80%(c) | 1,956,792 |
| TOTAL FIXED INTEREST CONTRACT — 0.36% (Cost $1,956,792) | $1,956,792 | |
| TOTAL INVESTMENTS — 100.03% (Cost $541,356,929) | $546,361,370 | |
| OTHER ASSETS & LIABILITIES, NET — (0.03)% | $(173,945) | |
| TOTAL NET ASSETS — 100.00% | $546,187,425 | |
| (a) | Issuer is considered an affiliate of the Fund, see Notes to Schedule of Investments. |
| (b) | Account Balance and Cost represent net deposits. |
| (c) | Variable rate contract which is not based on a published reference rate and spread, but determined by the issuer and is based on current market conditions. Interest rate shown reflects the rate in effect at March 28, 2024. See Notes to Schedule of Investments. |
See Notes to Schedule of Investments.
March 28, 2024
EMPOWER FUNDS, INC.
EMPOWER LIFETIME 2060 FUND
Schedule of Investments
As of March 28, 2024 (Unaudited)
| Shares | Fair Value | |
| BOND MUTUAL FUNDS | ||
| 188,564 | Empower Bond Index Fund Institutional Class(a) | $ 1,565,078 |
| 91,615 | Empower Core Bond Fund Institutional Class(a) | 766,813 |
| 90,811 | Empower Global Bond Fund Institutional Class(a) | 691,979 |
| 45,985 | Empower High Yield Bond Fund Institutional Class(a) | 445,139 |
| 75,774 | Empower Multi-Sector Bond Fund Institutional Class(a) | 625,137 |
| 9,010 | Empower Short Duration Bond Fund Institutional Class(a) | 86,499 |
| TOTAL BOND MUTUAL FUNDS — 6.73% (Cost $4,156,736) | $4,180,645 | |
| EQUITY MUTUAL FUNDS | ||
| 45,859 | American Century Real Estate Fund Class R6 | 1,124,452 |
| 188,479 | DFA International Real Estate Securities Portfolio Institutional Class | 689,835 |
| 37,199 | Empower Ariel Mid Cap Value Fund Institutional Class(a) | 401,000 |
| 397,208 | Empower Emerging Markets Equity Fund Institutional Class(a) | 3,547,065 |
| 380,601 | Empower International Growth Fund Institutional Class(a) | 3,699,443 |
| 721,248 | Empower International Index Fund Institutional Class(a) | 7,868,820 |
| 472,833 | Empower International Value Fund Institutional Class(a) | 4,175,115 |
| 364,336 | Empower Large Cap Growth Fund Institutional Class(a) | 4,233,586 |
| 611,674 | Empower Large Cap Value Fund Institutional Class(a) | 4,636,487 |
| 177,156 | Empower Mid Cap Value Fund Institutional Class(a) | 1,592,630 |
| 72,628 | Empower Real Estate Index Fund Institutional Class(a) | 610,805 |
| Shares | Fair Value | |
| Equity Mutual Funds — (continued) | ||
| 1,030,473 | Empower S&P 500® Index Fund Institutional Class(a) | $ 8,872,370 |
| 443,011 | Empower S&P Mid Cap 400® Index Fund Institutional Class(a) | 3,832,049 |
| 530,256 | Empower S&P Small Cap 600® Index Fund Institutional Class(a) | 3,547,413 |
| 28,771 | Empower Small Cap Growth Fund Institutional Class(a) | 330,872 |
| 262,712 | Empower Small Cap Value Fund Institutional Class(a) | 1,878,388 |
| 276,570 | Empower T. Rowe Price Mid Cap Growth Fund Institutional Class(a) | 1,828,128 |
| 345,360 | Fidelity® Emerging Markets Index Fund Institutional Class | 3,546,843 |
| 46,846 | Janus Henderson Triton Fund Class N | 1,325,756 |
| TOTAL EQUITY MUTUAL FUNDS — 92.96% (Cost $53,218,986) | $57,741,057 | |
| Account Balance | ||
| FIXED INTEREST CONTRACT | ||
| 210,080(b) | Empower of America Contract(a) 1.80%(c) | 210,080 |
| TOTAL FIXED INTEREST CONTRACT — 0.34% (Cost $210,080) | $210,080 | |
| TOTAL INVESTMENTS — 100.03% (Cost $57,585,802) | $62,131,782 | |
| OTHER ASSETS & LIABILITIES, NET — (0.03)% | $(18,624) | |
| TOTAL NET ASSETS — 100.00% | $62,113,158 | |
| (a) | Issuer is considered an affiliate of the Fund, see Notes to Schedule of Investments. |
| (b) | Account Balance and Cost represent net deposits. |
| (c) | Variable rate contract which is not based on a published reference rate and spread, but determined by the issuer and is based on current market conditions. Interest rate shown reflects the rate in effect at March 28, 2024. See Notes to Schedule of Investments. |
See Notes to Schedule of Investments.
March 28, 2024
EMPOWER FUNDS, INC.
Notes to Schedule of Investments (Unaudited)
Security Valuation
The Board of Directors of the Funds has adopted policies and procedures for the valuation of each Fund's securities and assets, and has appointed the Fair Value Pricing Committee of the investment adviser, Empower Capital Management, LLC (ECM or the Adviser), to complete valuation determinations under those policies and procedures. Pursuant to Rule 2a-5 under the Investment Company Act of 1940, as amended (the 1940 Act), the Board of Directors approved the Adviser as the Funds' valuation designee to make all fair value determinations with respect to the Funds investments, subject to oversight by the Board of Directors.
Investments in shares of the underlying mutual funds are valued at the net asset value as reported by the underlying mutual fund, which may be obtained from pricing services or other pricing sources. The inputs used by the pricing services are reviewed quarterly or when the pricing vendor issues updates to its pricing methodologies. The net asset value of each class of a Fund's shares is determined by dividing the net assets attributable to each class of shares of the Fund by the number of issued and outstanding shares of each class of the Fund on each valuation date.
Investments in fixed interest contracts issued by Empower Annuity Insurance Company of America (Empower of America Contract) are valued at the amount of net deposits plus accrued interest, determined on a daily basis. The Empower of America Contract is backed by the general account of Empower Annuity Insurance Company of America (Empower of America).
The Funds classify valuations into three levels based upon the observability of inputs to the valuation of each Fund’s investments. The valuation levels are not necessarily an indication of the risk or liquidity associated with the underlying investment. Classification is based on the lowest level of input significant to the fair value measurement. The three levels are defined as follows:
Level 1 – Unadjusted quoted prices for identical securities in active markets.
Level 2 – Inputs other than quoted prices included in Level 1 that are observable either directly or indirectly. These may include quoted prices for similar assets in active markets.
Level 3 – Unobservable inputs to the extent observable inputs are not available. Unobservable inputs reflect a Fund’s own assumptions and would be based on the best information available under the circumstances.
As of March 28, 2024, each Fund’s investments in the underlying mutual funds are valued using Level 1 inputs. Each Fund’s investment in the Empower of America Contract is valued using Level 2 inputs. More information regarding each Fund’s sector classifications are included in the Schedule of Investments.
Fund-of-Funds Structure Risk
Since each Fund invests directly in underlying funds, all risks associated with the eligible underlying funds apply to each Fund. To the extent each Fund invests more of its assets in one underlying fund than another, each Fund will have greater exposure to the risks of that underlying fund.
Transactions with Affiliates
Each Fund may invest in the Empower of America Contract pursuant to exemptive relief issued by the U.S. Securities and Exchange Commission. The Empower of America Contract has a stable principal value and accrues a fixed rate of interest, which is reflected in the daily valuation of the Funds. Empower of America calculates the interest rate in the same way it calculates guaranteed interest rates for similar contracts (on a calendar quarter or other periodic basis). As a result of Empower of America being an affiliated entity, the Funds are exposed to the risk of unanticipated industry conditions as well as risks specific to a single corporation. If Empower of America were to become insolvent, the Empower of America Contract would be settled commensurate with other policy holder obligations.
March 28, 2024
The amounts deposited will accrue interest at a declared rate of interest, adjustable on a calendar quarter or other periodic basis, guaranteed to be no less than 1.00%.The investment in the Empower of America Contract may be terminated by Empower of America or the Funds upon 7 days prior written notice. The guaranteed interest rate paid will be at least as favorable as the guaranteed interest rate paid on other similar products issued by Empower of America.
The following tables are a summary of the transactions for each underlying investment during the period ended March 28, 2024, in which the issuer was an affiliate of a Fund, as defined in the 1940 Act.
| Empower Lifetime 2015 Fund | |||||||||||||
| Affiliate | Shares Held/ Account Balance 03/28/2024 | Value 12/31/2023 | Purchase Cost | Sales Cost | Net Realized Gain (Loss) | Net Change Unrealized Appreciation (Depreciation) | Dividends and Interest Received | Distributions Received | Value 03/28/2024 | ||||
| BOND MUTUAL FUNDS 46.88% | |||||||||||||
| Empower Bond Index Fund Institutional Class | 6,081,465 | $50,593,613 | $1,450,403 | $1,310,146 | $(158,407) | $(257,711) | $- | $- | $50,476,159 | ||||
| Empower Core Bond Fund Institutional Class | 2,959,084 | 24,878,235 | 654,968 | 742,834 | (92,532) | (22,831) | - | - | 24,767,538 | ||||
| Empower Global Bond Fund Institutional Class | 3,534,058 | 27,090,003 | 724,180 | 583,789 | (82,877) | (300,871) | - | - | 26,929,523 | ||||
| Empower High Yield Bond Fund Institutional Class | 1,465,162 | 14,271,819 | 199,787 | 468,673 | 10,071 | 179,840 | - | - | 14,182,772 | ||||
| Empower Inflation-Protected Securities Fund Institutional Class | 7,440,233 | 66,300,376 | 1,436,864 | 1,931,335 | (186,797) | 412,163 | - | - | 66,218,067 | ||||
| Empower Multi-Sector Bond Fund Institutional Class | 2,436,338 | 20,197,676 | 362,105 | 738,184 | (108,190) | 278,189 | - | - | 20,099,786 | ||||
| Empower Short Duration Bond Fund Institutional Class | 2,959,437 | 28,515,843 | 565,579 | 903,284 | (25,804) | 232,461 | - | - | 28,410,599 | ||||
| (644,536) | 521,240 | 0 | 0 | 231,084,444 | |||||||||
| EQUITY MUTUAL FUNDS 35.43% | |||||||||||||
| Empower Ariel Mid Cap Value Fund Institutional Class | 161,647 | 1,735,883 | 31,685 | 138,400 | (38,826) | 113,391 | - | - | 1,742,559 | ||||
| Empower Emerging Markets Equity Fund Institutional Class | 794,498 | 7,265,319 | 130,357 | 495,784 | 151,236 | 194,973 | - | - | 7,094,865 | ||||
| Empower International Growth Fund Institutional Class | 987,232 | 9,756,119 | 120,824 | 1,063,748 | (230,071) | 782,700 | - | - | 9,595,895 | ||||
| Empower International Index Fund Institutional Class | 1,873,015 | 20,831,243 | 188,180 | 1,145,291 | 600,944 | 560,461 | - | - | 20,434,593 | ||||
| Empower International Value Fund Institutional Class | 1,227,178 | 11,017,560 | 101,302 | 674,877 | 269,585 | 392,000 | - | - | 10,835,985 | ||||
| Empower Large Cap Growth Fund Institutional Class | 1,592,704 | 18,689,698 | 189,216 | 3,087,829 | (272,841) | 2,716,134 | - | - | 18,507,219 | ||||
| Empower Large Cap Value Fund Institutional Class | 2,660,669 | 20,295,966 | 59,169 | 2,030,164 | 256,222 | 1,842,901 | - | - | 20,167,872 | ||||
| Empower Mid Cap Value Fund Institutional Class | 771,977 | 6,971,725 | 35,201 | 839,988 | (185,126) | 773,133 | - | - | 6,940,071 | ||||
| Empower Real Estate Index Fund Institutional Class | 507,176 | 4,270,344 | 178,613 | 161,028 | 10,995 | (22,575) | - | - | 4,265,354 | ||||
| Empower S&P 500® Index Fund Institutional Class | 4,481,537 | 38,972,099 | 165,065 | 4,890,065 | (461,793) | 4,338,931 | - | - | 38,586,030 | ||||
| Empower S&P Mid Cap 400® Index Fund Institutional Class | 1,922,775 | 16,632,415 | 95,489 | 1,889,961 | (220,207) | 1,794,062 | - | - | 16,632,005 | ||||
| Empower S&P Small Cap 600® Index Fund Institutional Class | 1,087,592 | 7,250,406 | 187,280 | 501,277 | (160,167) | 339,578 | - | - | 7,275,987 | ||||
| Empower Small Cap Growth Fund Institutional Class | 60,151 | 699,063 | 4,666 | 92,392 | (24,219) | 80,404 | - | - | 691,741 | ||||
| Empower Small Cap Value Fund Institutional Class | 543,962 | 3,873,941 | 83,005 | 395,657 | (109,141) | 328,042 | - | - | 3,889,331 | ||||
March 28, 2024
| Empower Lifetime 2015 Fund | |||||||||||||
| Affiliate | Shares Held/ Account Balance 03/28/2024 | Value 12/31/2023 | Purchase Cost | Sales Cost | Net Realized Gain (Loss) | Net Change Unrealized Appreciation (Depreciation) | Dividends and Interest Received | Distributions Received | Value 03/28/2024 | ||||
| Empower T. Rowe Price Mid Cap Growth Fund Institutional Class | 1,203,734 | $8,045,203 | $39,228 | $1,178,510 | $(410,202) | $1,050,758 | $- | $- | $7,956,679 | ||||
| (823,611) | 15,284,893 | 0 | 0 | 174,616,186 | |||||||||
| FIXED INTEREST CONTRACT 13.46% | |||||||||||||
| Empower of America Contract | 66,325,613 | 66,425,295 | 1,522,314 | 1,912,190 | - | - | 290,194 | - | 66,325,613 | ||||
| 0 | 0 | 290,194 | 0 | 66,325,613 | |||||||||
| Total | $(1,468,147) | $15,806,133 | $290,194 | $0 | $472,026,243 | ||||||||
| Empower Lifetime 2020 Fund | |||||||||||||
| Affiliate | Shares Held/ Account Balance 03/28/2024 | Value 12/31/2023 | Purchase Cost | Sales Cost | Net Realized Gain (Loss) | Net Change Unrealized Appreciation (Depreciation) | Dividends and Interest Received | Distributions Received | Value 03/28/2024 | ||||
| BOND MUTUAL FUNDS 44.77% | |||||||||||||
| Empower Bond Index Fund Institutional Class | 5,046,847 | $40,184,277 | $2,445,935 | $508,278 | $(91,222) | $(233,098) | $- | $- | $41,888,836 | ||||
| Empower Core Bond Fund Institutional Class | 2,458,449 | 19,763,102 | 1,125,764 | 280,475 | (55,744) | (31,176) | - | - | 20,577,215 | ||||
| Empower Global Bond Fund Institutional Class | 2,737,761 | 20,120,243 | 1,268,236 | 290,294 | (46,702) | (236,444) | - | - | 20,861,741 | ||||
| Empower High Yield Bond Fund Institutional Class | 1,218,577 | 11,356,060 | 472,152 | 204,917 | (15,128) | 172,528 | - | - | 11,795,823 | ||||
| Empower Inflation-Protected Securities Fund Institutional Class | 4,592,554 | 39,138,661 | 2,065,018 | 554,253 | (84,085) | 224,302 | - | - | 40,873,728 | ||||
| Empower Multi-Sector Bond Fund Institutional Class | 2,023,277 | 16,015,580 | 743,317 | 254,886 | (45,323) | 188,025 | - | - | 16,692,036 | ||||
| Empower Short Duration Bond Fund Institutional Class | 1,889,454 | 17,430,277 | 913,123 | 352,310 | (18,245) | 147,673 | - | - | 18,138,763 | ||||
| (356,449) | 231,810 | 0 | 0 | 170,828,142 | |||||||||
| EQUITY MUTUAL FUNDS 39.40% | |||||||||||||
| Empower Ariel Mid Cap Value Fund Institutional Class | 136,605 | 1,396,266 | 83,121 | 105,285 | (34,841) | 98,496 | - | - | 1,472,598 | ||||
| Empower Emerging Markets Equity Fund Institutional Class | 730,653 | 6,412,072 | 354,959 | 749,560 | (191,495) | 507,262 | - | - | 6,524,733 | ||||
| Empower International Growth Fund Institutional Class | 879,530 | 8,358,175 | 241,634 | 703,725 | (168,819) | 652,953 | - | - | 8,549,037 | ||||
| Empower International Index Fund Institutional Class | 1,666,573 | 17,769,380 | 416,601 | 1,127,945 | (104,306) | 1,124,276 | - | - | 18,182,312 | ||||
| Empower International Value Fund Institutional Class | 1,090,746 | 9,381,382 | 272,564 | 681,424 | (75,981) | 658,763 | - | - | 9,631,285 | ||||
| Empower Large Cap Growth Fund Institutional Class | 1,332,510 | 14,966,269 | 380,382 | 2,033,891 | (180,786) | 2,171,010 | - | - | 15,483,770 | ||||
| Empower Large Cap Value Fund Institutional Class | 2,238,837 | 16,361,502 | 309,977 | 1,686,328 | (254,145) | 1,985,234 | - | - | 16,970,385 | ||||
| Empower Mid Cap Value Fund Institutional Class | 647,776 | 5,576,784 | 190,798 | 567,335 | (137,758) | 623,256 | - | - | 5,823,503 | ||||
March 28, 2024
| Empower Lifetime 2020 Fund | |||||||||||||
| Affiliate | Shares Held/ Account Balance 03/28/2024 | Value 12/31/2023 | Purchase Cost | Sales Cost | Net Realized Gain (Loss) | Net Change Unrealized Appreciation (Depreciation) | Dividends and Interest Received | Distributions Received | Value 03/28/2024 | ||||
| Empower Real Estate Index Fund Institutional Class | 404,398 | $3,206,866 | $306,523 | $129,995 | $(21,987) | $17,594 | $- | $- | $3,400,988 | ||||
| Empower S&P 500® Index Fund Institutional Class | 3,764,762 | 31,628,964 | 597,108 | 3,806,116 | (824,447) | 3,994,643 | - | - | 32,414,599 | ||||
| Empower S&P Mid Cap 400® Index Fund Institutional Class | 1,624,526 | 13,453,359 | 477,299 | 1,507,970 | (323,282) | 1,629,461 | - | - | 14,052,149 | ||||
| Empower S&P Small Cap 600® Index Fund Institutional Class | 1,022,410 | 6,484,685 | 572,204 | 518,638 | (125,956) | 301,670 | - | - | 6,839,921 | ||||
| Empower Small Cap Growth Fund Institutional Class | 56,977 | 632,530 | 28,697 | 72,721 | (14,999) | 66,732 | - | - | 655,238 | ||||
| Empower Small Cap Value Fund Institutional Class | 504,722 | 3,444,207 | 235,703 | 343,593 | (68,440) | 272,444 | - | - | 3,608,761 | ||||
| Empower T. Rowe Price Mid Cap Growth Fund Institutional Class | 1,010,446 | 6,495,324 | 151,682 | 779,067 | (288,253) | 811,108 | - | - | 6,679,047 | ||||
| (2,815,495) | 14,914,902 | 0 | 0 | 150,288,326 | |||||||||
| FIXED INTEREST CONTRACT 11.13% | |||||||||||||
| Empower of America Contract | 42,478,777 | 40,729,948 | 2,455,043 | 888,051 | - | - | 181,837 | - | 42,478,777 | ||||
| 0 | 0 | 181,837 | 0 | 42,478,777 | |||||||||
| Total | $(3,171,944) | $15,146,712 | $181,837 | $0 | $363,595,245 | ||||||||
| Empower Lifetime 2025 Fund | |||||||||||||
| Affiliate | Shares Held/ Account Balance 03/28/2024 | Value 12/31/2023 | Purchase Cost | Sales Cost | Net Realized Gain (Loss) | Net Change Unrealized Appreciation (Depreciation) | Dividends and Interest Received | Distributions Received | Value 03/28/2024 | ||||
| BOND MUTUAL FUNDS 41.49% | |||||||||||||
| Empower Bond Index Fund Institutional Class | 17,010,804 | $136,060,640 | $8,998,054 | $3,362,175 | $(584,878) | $(506,843) | $- | $- | $141,189,676 | ||||
| Empower Core Bond Fund Institutional Class | 8,305,248 | 67,069,325 | 4,172,166 | 1,700,629 | (267,591) | (25,940) | - | - | 69,514,922 | ||||
| Empower Global Bond Fund Institutional Class | 8,787,236 | 64,729,260 | 4,140,392 | 1,191,423 | (189,942) | (719,490) | - | - | 66,958,739 | ||||
| Empower High Yield Bond Fund Institutional Class | 4,117,836 | 38,509,952 | 1,878,943 | 1,038,859 | 20,878 | 510,617 | - | - | 39,860,653 | ||||
| Empower Inflation-Protected Securities Fund Institutional Class | 11,520,947 | 98,683,323 | 5,552,712 | 2,283,494 | (230,259) | 583,891 | - | - | 102,536,432 | ||||
| Empower Multi-Sector Bond Fund Institutional Class | 6,823,659 | 54,324,806 | 2,828,452 | 1,455,281 | (115,182) | 597,207 | - | - | 56,295,184 | ||||
| Empower Short Duration Bond Fund Institutional Class | 4,953,123 | 45,875,592 | 2,561,803 | 1,280,964 | (53,718) | 393,547 | - | - | 47,549,978 | ||||
| (1,420,692) | 832,989 | 0 | 0 | 523,905,584 | |||||||||
| EQUITY MUTUAL FUNDS 44.46% | |||||||||||||
| Empower Ariel Mid Cap Value Fund Institutional Class | 495,243 | 5,110,902 | 315,045 | 441,730 | (122,042) | 354,507 | - | - | 5,338,724 | ||||
| Empower Emerging Markets Equity Fund Institutional Class | 2,925,915 | 25,478,896 | 1,227,941 | 1,713,823 | 117,437 | 1,135,408 | - | - | 26,128,422 | ||||
March 28, 2024
| Empower Lifetime 2025 Fund | |||||||||||||
| Affiliate | Shares Held/ Account Balance 03/28/2024 | Value 12/31/2023 | Purchase Cost | Sales Cost | Net Realized Gain (Loss) | Net Change Unrealized Appreciation (Depreciation) | Dividends and Interest Received | Distributions Received | Value 03/28/2024 | ||||
| Empower International Growth Fund Institutional Class | 3,412,083 | $32,199,115 | $1,109,733 | $2,390,274 | $(376,386) | $2,246,871 | $- | $- | $33,165,445 | ||||
| Empower International Index Fund Institutional Class | 6,475,179 | 68,660,447 | 2,004,248 | 3,787,355 | 187,036 | 3,766,870 | - | - | 70,644,210 | ||||
| Empower International Value Fund Institutional Class | 4,243,999 | 36,362,565 | 1,102,961 | 2,191,401 | 62,135 | 2,200,385 | - | - | 37,474,510 | ||||
| Empower Large Cap Growth Fund Institutional Class | 4,868,280 | 54,721,202 | 1,765,743 | 7,301,553 | (128,811) | 7,384,021 | - | - | 56,569,413 | ||||
| Empower Large Cap Value Fund Institutional Class | 8,141,000 | 59,481,004 | 1,404,620 | 4,326,275 | 1,174,452 | 5,149,429 | - | - | 61,708,778 | ||||
| Empower Mid Cap Value Fund Institutional Class | 2,354,955 | 20,375,215 | 697,020 | 1,578,518 | 99,182 | 1,677,331 | - | - | 21,171,048 | ||||
| Empower Real Estate Index Fund Institutional Class | 1,348,010 | 10,839,296 | 1,011,267 | 419,075 | 76,824 | (94,720) | - | - | 11,336,768 | ||||
| Empower S&P 500® Index Fund Institutional Class | 13,726,625 | 114,237,507 | 2,589,141 | 11,716,160 | (1,489,058) | 13,075,752 | - | - | 118,186,240 | ||||
| Empower S&P Mid Cap 400® Index Fund Institutional Class | 5,882,249 | 48,836,407 | 1,711,363 | 4,539,374 | (111,469) | 4,873,053 | - | - | 50,881,449 | ||||
| Empower S&P Small Cap 600® Index Fund Institutional Class | 4,070,948 | 26,052,895 | 2,091,190 | 2,368,040 | (757,550) | 1,458,597 | - | - | 27,234,642 | ||||
| Empower Small Cap Growth Fund Institutional Class | 220,425 | 2,443,409 | 105,832 | 284,549 | (68,419) | 270,199 | - | - | 2,534,891 | ||||
| Empower Small Cap Value Fund Institutional Class | 2,028,311 | 13,885,783 | 935,619 | 1,609,182 | (463,446) | 1,290,205 | - | - | 14,502,425 | ||||
| Empower T. Rowe Price Mid Cap Growth Fund Institutional Class | 3,692,246 | 23,587,302 | 595,689 | 2,460,578 | (761,096) | 2,683,330 | - | - | 24,405,743 | ||||
| (2,561,211) | 47,471,238 | 0 | 0 | 561,282,708 | |||||||||
| FIXED INTEREST CONTRACT 8.79% | |||||||||||||
| Empower of America Contract | 110,987,043 | 106,909,786 | 6,656,604 | 3,054,360 | - | - | 475,013 | - | 110,987,043 | ||||
| 0 | 0 | 475,013 | 0 | 110,987,043 | |||||||||
| Total | $(3,981,903) | $48,304,227 | $475,013 | $0 | $1,196,175,335 | ||||||||
| Empower Lifetime 2030 Fund | |||||||||
| Affiliate | Shares Held/ Account Balance 03/28/2024 | Value 12/31/2023 | Purchase Cost | Sales Cost | Net Realized Gain (Loss) | Net Change Unrealized Appreciation (Depreciation) | Dividends and Interest Received | Distributions Received | Value 03/28/2024 |
| BOND MUTUAL FUNDS 36.02% | |||||||||
| Empower Bond Index Fund Institutional Class | 7,458,948 | $54,537,416 | $8,646,059 | $1,047,542 | $(188,623) | $(226,667) | $- | $- | $61,909,266 |
| Empower Core Bond Fund Institutional Class | 3,631,541 | 26,791,196 | 4,151,868 | 557,149 | (111,885) | 10,083 | - | - | 30,395,998 |
| Empower Global Bond Fund Institutional Class | 3,694,120 | 24,835,410 | 3,940,308 | 336,577 | (54,461) | (289,949) | - | - | 28,149,192 |
| Empower High Yield Bond Fund Institutional Class | 1,802,605 | 15,383,867 | 2,001,259 | 168,203 | (2,585) | 232,295 | - | - | 17,449,218 |
| Empower Inflation-Protected Securities Fund Institutional Class | 3,677,213 | 28,795,601 | 4,212,113 | 463,527 | (66,889) | 183,010 | - | - | 32,727,197 |
March 28, 2024
| Empower Lifetime 2030 Fund | |||||||||||||
| Affiliate | Shares Held/ Account Balance 03/28/2024 | Value 12/31/2023 | Purchase Cost | Sales Cost | Net Realized Gain (Loss) | Net Change Unrealized Appreciation (Depreciation) | Dividends and Interest Received | Distributions Received | Value 03/28/2024 | ||||
| Empower Multi-Sector Bond Fund Institutional Class | 2,982,903 | $21,684,693 | $3,030,969 | $394,670 | $(74,154) | $287,959 | $- | $- | $24,608,951 | ||||
| Empower Short Duration Bond Fund Institutional Class | 1,682,691 | 14,242,501 | 2,004,432 | 215,212 | (11,223) | 122,117 | - | - | 16,153,838 | ||||
| (509,820) | 318,848 | 0 | 0 | 211,393,660 | |||||||||
| EQUITY MUTUAL FUNDS 51.54% | |||||||||||||
| Empower Ariel Mid Cap Value Fund Institutional Class | 258,492 | 2,418,288 | 315,051 | 103,947 | (34,107) | 157,155 | - | - | 2,786,547 | ||||
| Empower Emerging Markets Equity Fund Institutional Class | 1,679,082 | 13,291,758 | 1,479,734 | 636,181 | (156,227) | 858,888 | - | - | 14,994,199 | ||||
| Empower International Growth Fund Institutional Class | 1,902,840 | 16,360,841 | 1,640,048 | 687,973 | (173,681) | 1,182,691 | - | - | 18,495,607 | ||||
| Empower International Index Fund Institutional Class | 3,602,353 | 34,782,598 | 3,389,925 | 951,508 | 53,631 | 2,080,650 | - | - | 39,301,665 | ||||
| Empower International Value Fund Institutional Class | 2,362,347 | 18,441,434 | 1,793,814 | 616,102 | (9,887) | 1,240,376 | - | - | 20,859,522 | ||||
| Empower Large Cap Growth Fund Institutional Class | 2,558,615 | 26,217,140 | 1,587,640 | 1,874,130 | (169,747) | 3,800,455 | - | - | 29,731,105 | ||||
| Empower Large Cap Value Fund Institutional Class | 4,285,983 | 28,579,870 | 1,993,310 | 1,299,187 | (43) | 3,213,756 | - | - | 32,487,749 | ||||
| Empower Mid Cap Value Fund Institutional Class | 1,241,720 | 9,761,804 | 841,590 | 451,714 | (98,098) | 1,011,379 | - | - | 11,163,059 | ||||
| Empower Real Estate Index Fund Institutional Class | 638,366 | 4,627,558 | 882,986 | 175,165 | (31,166) | 33,279 | - | - | 5,368,658 | ||||
| Empower S&P 500® Index Fund Institutional Class | 7,194,801 | 55,041,526 | 3,308,408 | 2,431,797 | (231,070) | 6,029,103 | - | - | 61,947,240 | ||||
| Empower S&P Mid Cap 400® Index Fund Institutional Class | 3,103,361 | 23,490,763 | 1,874,830 | 1,212,014 | (252,165) | 2,690,491 | - | - | 26,844,070 | ||||
| Empower S&P Small Cap 600® Index Fund Institutional Class | 2,362,306 | 13,678,285 | 2,219,985 | 767,048 | (244,912) | 672,607 | - | - | 15,803,829 | ||||
| Empower Small Cap Growth Fund Institutional Class | 128,247 | 1,293,766 | 127,428 | 78,514 | (18,674) | 132,156 | - | - | 1,474,836 | ||||
| Empower Small Cap Value Fund Institutional Class | 1,170,890 | 7,301,204 | 959,722 | 522,852 | (153,589) | 633,793 | - | - | 8,371,867 | ||||
| Empower T. Rowe Price Mid Cap Growth Fund Institutional Class | 1,937,793 | 11,341,596 | 928,495 | 679,067 | (248,870) | 1,217,790 | - | - | 12,808,814 | ||||
| (1,768,605) | 24,954,569 | 0 | 0 | 302,438,767 | |||||||||
| FIXED INTEREST CONTRACT 6.41% | |||||||||||||
| Empower of America Contract | 37,632,770 | 33,147,291 | 4,824,799 | 492,760 | - | - | 153,440 | - | 37,632,770 | ||||
| 0 | 0 | 153,440 | 0 | 37,632,770 | |||||||||
| Total | $(2,278,425) | $25,273,417 | $153,440 | $0 | $551,465,197 | ||||||||
March 28, 2024
| Empower Lifetime 2035 Fund | |||||||||||||
| Affiliate | Shares Held/ Account Balance 03/28/2024 | Value 12/31/2023 | Purchase Cost | Sales Cost | Net Realized Gain (Loss) | Net Change Unrealized Appreciation (Depreciation) | Dividends and Interest Received | Distributions Received | Value 03/28/2024 | ||||
| BOND MUTUAL FUNDS 27.94% | |||||||||||||
| Empower Bond Index Fund Institutional Class | 14,997,470 | $118,283,386 | $8,748,273 | $1,945,214 | $(332,521) | $(607,444) | $- | $- | $124,479,001 | ||||
| Empower Core Bond Fund Institutional Class | 7,289,861 | 58,060,479 | 4,095,902 | 1,066,591 | (173,661) | (73,657) | - | - | 61,016,133 | ||||
| Empower Global Bond Fund Institutional Class | 7,183,045 | 52,308,104 | 3,649,830 | 584,407 | (91,479) | (638,724) | - | - | 54,734,803 | ||||
| Empower High Yield Bond Fund Institutional Class | 3,634,112 | 33,557,810 | 1,705,839 | 552,135 | 1,563 | 466,695 | - | - | 35,178,209 | ||||
| Empower Inflation-Protected Securities Fund Institutional Class | 5,201,224 | 43,940,327 | 2,864,978 | 772,563 | (95,741) | 258,149 | - | - | 46,290,891 | ||||
| Empower Multi-Sector Bond Fund Institutional Class | 6,002,714 | 47,084,979 | 2,761,644 | 877,882 | (127,808) | 553,648 | - | - | 49,522,389 | ||||
| Empower Short Duration Bond Fund Institutional Class | 2,602,497 | 23,785,642 | 1,463,709 | 470,598 | (27,610) | 205,217 | - | - | 24,983,970 | ||||
| (847,257) | 163,884 | 0 | 0 | 396,205,396 | |||||||||
| EQUITY MUTUAL FUNDS 60.97% | |||||||||||||
| Empower Ariel Mid Cap Value Fund Institutional Class | 720,743 | 7,287,348 | 337,227 | 141,418 | 49,572 | 286,450 | - | - | 7,769,607 | ||||
| Empower Emerging Markets Equity Fund Institutional Class | 5,083,499 | 44,106,235 | 1,360,232 | 2,193,863 | 47,580 | 2,123,045 | - | - | 45,395,649 | ||||
| Empower International Growth Fund Institutional Class | 5,579,796 | 52,449,466 | 910,594 | 1,611,674 | 564,182 | 2,487,233 | - | - | 54,235,619 | ||||
| Empower International Index Fund Institutional Class | 10,613,065 | 111,842,691 | 2,454,825 | 4,814,129 | 160,393 | 6,305,151 | - | - | 115,788,538 | ||||
| Empower International Value Fund Institutional Class | 6,964,266 | 59,189,892 | 1,599,872 | 2,451,411 | 558,295 | 3,156,114 | - | - | 61,494,467 | ||||
| Empower Large Cap Growth Fund Institutional Class | 7,112,268 | 79,182,244 | 857,216 | 8,343,116 | (384,940) | 10,948,204 | - | - | 82,644,548 | ||||
| Empower Large Cap Value Fund Institutional Class | 11,973,815 | 86,117,192 | 1,229,137 | 5,868,232 | (69,276) | 9,283,421 | - | - | 90,761,518 | ||||
| Empower Mid Cap Value Fund Institutional Class | 3,470,499 | 29,537,751 | 591,686 | 956,228 | 568,761 | 2,026,573 | - | - | 31,199,782 | ||||
| Empower Real Estate Index Fund Institutional Class | 1,557,352 | 12,297,830 | 1,042,984 | 191,597 | 37,180 | (51,890) | - | - | 13,097,327 | ||||
| Empower S&P 500® Index Fund Institutional Class | 20,120,680 | 165,529,083 | 1,193,957 | 12,392,979 | (2,055,134) | 18,909,003 | - | - | 173,239,064 | ||||
| Empower S&P Mid Cap 400® Index Fund Institutional Class | 8,669,861 | 70,616,092 | 1,350,516 | 2,607,655 | 1,308,397 | 5,635,352 | - | - | 74,994,305 | ||||
| Empower S&P Small Cap 600® Index Fund Institutional Class | 7,191,304 | 45,119,473 | 2,759,335 | 1,043,084 | (35,052) | 1,274,102 | - | - | 48,109,826 | ||||
| Empower Small Cap Growth Fund Institutional Class | 384,500 | 4,221,283 | 80,986 | 252,429 | (23,900) | 371,908 | - | - | 4,421,748 | ||||
| Empower Small Cap Value Fund Institutional Class | 3,567,816 | 23,923,445 | 1,174,288 | 972,944 | 60,322 | 1,385,093 | - | - | 25,509,882 | ||||
| Empower T. Rowe Price Mid Cap Growth Fund Institutional Class | 5,405,674 | 34,126,388 | 381,489 | 2,076,314 | (514,614) | 3,299,943 | - | - | 35,731,506 | ||||
| 271,766 | 67,439,702 | 0 | 0 | 864,393,386 | |||||||||
March 28, 2024
| Empower Lifetime 2035 Fund | |||||||||||||
| Affiliate | Shares Held/ Account Balance 03/28/2024 | Value 12/31/2023 | Purchase Cost | Sales Cost | Net Realized Gain (Loss) | Net Change Unrealized Appreciation (Depreciation) | Dividends and Interest Received | Distributions Received | Value 03/28/2024 | ||||
| FIXED INTEREST CONTRACT 4.10% | |||||||||||||
| Empower of America Contract | 58,153,558 | $55,262,550 | $3,568,220 | $924,066 | $- | $- | $246,854 | $- | $58,153,558 | ||||
| 0 | 0 | 246,854 | 0 | 58,153,558 | |||||||||
| Total | $(575,491) | $67,603,586 | $246,854 | $0 | $1,318,752,340 | ||||||||
| Empower Lifetime 2040 Fund | |||||||||||||
| Affiliate | Shares Held/ Account Balance 03/28/2024 | Value 12/31/2023 | Purchase Cost | Sales Cost | Net Realized Gain (Loss) | Net Change Unrealized Appreciation (Depreciation) | Dividends and Interest Received | Distributions Received | Value 03/28/2024 | ||||
| BOND MUTUAL FUNDS 19.00% | |||||||||||||
| Empower Bond Index Fund Institutional Class | 3,611,013 | $26,521,961 | $4,008,194 | $432,139 | $(71,315) | $(126,608) | $- | $- | $29,971,408 | ||||
| Empower Core Bond Fund Institutional Class | 1,758,514 | 13,034,179 | 1,911,909 | 220,586 | (40,963) | (6,739) | - | - | 14,718,763 | ||||
| Empower Global Bond Fund Institutional Class | 1,682,530 | 11,371,119 | 1,732,255 | 153,063 | (25,959) | (129,435) | - | - | 12,820,876 | ||||
| Empower High Yield Bond Fund Institutional Class | 874,061 | 7,496,435 | 936,171 | 85,160 | (1,132) | 113,466 | - | - | 8,460,912 | ||||
| Empower Inflation-Protected Securities Fund Institutional Class | 823,535 | 6,492,085 | 900,742 | 106,784 | (16,908) | 43,417 | - | - | 7,329,460 | ||||
| Empower Multi-Sector Bond Fund Institutional Class | 1,449,710 | 10,578,233 | 1,423,374 | 176,898 | (29,820) | 135,398 | - | - | 11,960,107 | ||||
| Empower Short Duration Bond Fund Institutional Class | 469,723 | 3,997,696 | 542,470 | 65,549 | (3,574) | 34,726 | - | - | 4,509,345 | ||||
| (189,671) | 64,225 | 0 | 0 | 89,770,871 | |||||||||
| EQUITY MUTUAL FUNDS 70.66% | |||||||||||||
| Empower Ariel Mid Cap Value Fund Institutional Class | 270,771 | 2,533,004 | 327,499 | 106,134 | (35,122) | 164,540 | - | - | 2,918,909 | ||||
| Empower Emerging Markets Equity Fund Institutional Class | 2,086,694 | 16,559,542 | 1,525,863 | 453,338 | (120,511) | 1,002,107 | - | - | 18,634,174 | ||||
| Empower International Growth Fund Institutional Class | 2,229,575 | 19,227,612 | 1,512,761 | 337,521 | (78,095) | 1,268,621 | - | - | 21,671,473 | ||||
| Empower International Index Fund Institutional Class | 4,232,908 | 40,953,032 | 3,318,809 | 456,789 | 163,132 | 2,365,970 | - | - | 46,181,022 | ||||
| Empower International Value Fund Institutional Class | 2,774,394 | 21,700,838 | 1,800,348 | 362,609 | 98,383 | 1,359,320 | - | - | 24,497,897 | ||||
| Empower Large Cap Growth Fund Institutional Class | 2,673,454 | 27,567,870 | 1,466,322 | 1,832,934 | (63,942) | 3,864,280 | - | - | 31,065,538 | ||||
| Empower Large Cap Value Fund Institutional Class | 4,500,149 | 29,979,338 | 1,839,081 | 940,872 | 142,979 | 3,233,583 | - | - | 34,111,130 | ||||
| Empower Mid Cap Value Fund Institutional Class | 1,302,776 | 10,249,146 | 781,861 | 231,864 | 47,207 | 912,818 | - | - | 11,711,961 | ||||
| Empower Real Estate Index Fund Institutional Class | 523,199 | 3,833,590 | 679,240 | 125,544 | (10,784) | 12,818 | - | - | 4,400,104 | ||||
| Empower S&P 500® Index Fund Institutional Class | 7,561,899 | 57,988,391 | 3,251,020 | 2,658,957 | (419,523) | 6,527,500 | - | - | 65,107,954 | ||||
March 28, 2024
| Empower Lifetime 2040 Fund | |||||||||||||
| Affiliate | Shares Held/ Account Balance 03/28/2024 | Value 12/31/2023 | Purchase Cost | Sales Cost | Net Realized Gain (Loss) | Net Change Unrealized Appreciation (Depreciation) | Dividends and Interest Received | Distributions Received | Value 03/28/2024 | ||||
| Empower S&P Mid Cap 400® Index Fund Institutional Class | 3,258,355 | $24,623,280 | $1,780,435 | $775,744 | $8,830 | $2,556,802 | $- | $- | $28,184,773 | ||||
| Empower S&P Small Cap 600® Index Fund Institutional Class | 2,929,403 | 17,009,633 | 2,502,006 | 661,312 | (216,482) | 747,379 | - | - | 19,597,706 | ||||
| Empower Small Cap Growth Fund Institutional Class | 156,948 | 1,586,402 | 158,326 | 108,594 | (29,753) | 168,773 | - | - | 1,804,907 | ||||
| Empower Small Cap Value Fund Institutional Class | 1,454,579 | 9,050,402 | 1,073,090 | 463,189 | (144,125) | 739,936 | - | - | 10,400,239 | ||||
| Empower T. Rowe Price Mid Cap Growth Fund Institutional Class | 2,036,587 | 11,905,041 | 850,464 | 466,654 | (153,289) | 1,172,987 | - | - | 13,461,838 | ||||
| (811,095) | 26,097,434 | 0 | 0 | 333,749,625 | |||||||||
| FIXED INTEREST CONTRACT 2.24% | |||||||||||||
| Empower of America Contract | 10,568,439 | 9,366,036 | 1,301,196 | 142,061 | - | - | 43,268 | - | 10,568,439 | ||||
| 0 | 0 | 43,268 | 0 | 10,568,439 | |||||||||
| Total | $(1,000,766) | $26,161,659 | $43,268 | $0 | $434,088,935 | ||||||||
| Empower Lifetime 2045 Fund | |||||||||||||
| Affiliate | Shares Held/ Account Balance 03/28/2024 | Value 12/31/2023 | Purchase Cost | Sales Cost | Net Realized Gain (Loss) | Net Change Unrealized Appreciation (Depreciation) | Dividends and Interest Received | Distributions Received | Value 03/28/2024 | ||||
| BOND MUTUAL FUNDS 11.91% | |||||||||||||
| Empower Bond Index Fund Institutional Class | 5,281,481 | $40,995,611 | $3,838,134 | $857,449 | $(180,569) | $(140,001) | $- | $- | $43,836,295 | ||||
| Empower Core Bond Fund Institutional Class | 2,567,897 | 20,128,389 | 1,809,993 | 450,327 | (88,754) | 5,241 | - | - | 21,493,296 | ||||
| Empower Global Bond Fund Institutional Class | 2,408,532 | 17,241,255 | 1,576,620 | 257,782 | (33,223) | (207,082) | - | - | 18,353,011 | ||||
| Empower High Yield Bond Fund Institutional Class | 1,276,333 | 11,590,899 | 848,850 | 246,721 | 1,396 | 161,880 | - | - | 12,354,908 | ||||
| Empower Inflation-Protected Securities Fund Institutional Class | 676,273 | 5,626,772 | 481,383 | 129,957 | (19,578) | 40,631 | - | - | 6,018,829 | ||||
| Empower Multi-Sector Bond Fund Institutional Class | 2,117,460 | 16,346,781 | 1,296,921 | 362,088 | (37,985) | 187,434 | - | - | 17,469,048 | ||||
| Empower Short Duration Bond Fund Institutional Class | 496,977 | 4,472,249 | 361,467 | 102,886 | (6,570) | 40,144 | - | - | 4,770,974 | ||||
| (365,283) | 88,247 | 0 | 0 | 124,296,361 | |||||||||
| EQUITY MUTUAL FUNDS 77.95% | |||||||||||||
| Empower Ariel Mid Cap Value Fund Institutional Class | 645,384 | 6,425,068 | 407,780 | 194,349 | (17,499) | 318,738 | - | - | 6,957,237 | ||||
| Empower Emerging Markets Equity Fund Institutional Class | 5,377,183 | 45,696,484 | 1,598,884 | 1,479,683 | 66,580 | 2,202,562 | - | - | 48,018,247 | ||||
| Empower International Growth Fund Institutional Class | 5,590,509 | 51,373,928 | 1,411,340 | 1,088,179 | 372,943 | 2,642,661 | - | - | 54,339,750 | ||||
| Empower International Index Fund Institutional Class | 10,619,612 | 109,516,154 | 2,937,170 | 2,970,187 | (7,265) | 6,376,832 | - | - | 115,859,969 | ||||
March 28, 2024
| Empower Lifetime 2045 Fund | |||||||||||||
| Affiliate | Shares Held/ Account Balance 03/28/2024 | Value 12/31/2023 | Purchase Cost | Sales Cost | Net Realized Gain (Loss) | Net Change Unrealized Appreciation (Depreciation) | Dividends and Interest Received | Distributions Received | Value 03/28/2024 | ||||
| Empower International Value Fund Institutional Class | 6,961,465 | $57,920,326 | $1,676,622 | $1,460,035 | $323,059 | $3,332,822 | $- | $- | $61,469,735 | ||||
| Empower Large Cap Growth Fund Institutional Class | 6,348,075 | 69,331,606 | 1,172,237 | 6,649,528 | (586,081) | 9,910,317 | - | - | 73,764,632 | ||||
| Empower Large Cap Value Fund Institutional Class | 10,659,216 | 75,317,028 | 1,104,535 | 3,179,816 | 562,320 | 7,555,115 | - | - | 80,796,862 | ||||
| Empower Mid Cap Value Fund Institutional Class | 3,084,904 | 25,770,410 | 657,933 | 1,045,707 | (63,953) | 2,350,652 | - | - | 27,733,288 | ||||
| Empower Real Estate Index Fund Institutional Class | 1,168,910 | 9,061,971 | 1,005,881 | 191,189 | 37,219 | (46,133) | - | - | 9,830,530 | ||||
| Empower S&P 500® Index Fund Institutional Class | 17,930,296 | 144,939,330 | 2,019,059 | 8,954,500 | (1,560,254) | 16,375,958 | - | - | 154,379,847 | ||||
| Empower S&P Mid Cap 400® Index Fund Institutional Class | 7,719,546 | 61,891,615 | 1,452,026 | 2,919,005 | (212,324) | 6,349,437 | - | - | 66,774,073 | ||||
| Empower S&P Small Cap 600® Index Fund Institutional Class | 7,477,682 | 46,144,626 | 3,800,352 | 997,575 | 208,918 | 1,078,289 | - | - | 50,025,692 | ||||
| Empower Small Cap Growth Fund Institutional Class | 410,388 | 4,410,880 | 150,268 | 208,704 | 1,162 | 367,022 | - | - | 4,719,466 | ||||
| Empower Small Cap Value Fund Institutional Class | 3,705,260 | 24,475,913 | 1,500,249 | 749,060 | 228,572 | 1,265,505 | - | - | 26,492,607 | ||||
| Empower T. Rowe Price Mid Cap Growth Fund Institutional Class | 4,826,580 | 29,897,748 | 715,856 | 1,391,306 | (217,709) | 2,681,399 | - | - | 31,903,697 | ||||
| (864,312) | 62,761,176 | 0 | 0 | 813,065,632 | |||||||||
| FIXED INTEREST CONTRACT 1.07% | |||||||||||||
| Empower of America Contract | 11,201,287 | 10,485,315 | 884,490 | 215,448 | - | - | 46,930 | - | 11,201,287 | ||||
| 0 | 0 | 46,930 | 0 | 11,201,287 | |||||||||
| Total | $(1,229,595) | $62,849,423 | $46,930 | $0 | $948,563,280 | ||||||||
| Empower Lifetime 2050 Fund | |||||||||||||
| Affiliate | Shares Held/ Account Balance 03/28/2024 | Value 12/31/2023 | Purchase Cost | Sales Cost | Net Realized Gain (Loss) | Net Change Unrealized Appreciation (Depreciation) | Dividends and Interest Received | Distributions Received | Value 03/28/2024 | ||||
| BOND MUTUAL FUNDS 8.21% | |||||||||||||
| Empower Bond Index Fund Institutional Class | 1,277,406 | $9,420,853 | $1,384,665 | $158,379 | $(25,858) | $(44,672) | $- | $- | $10,602,467 | ||||
| Empower Core Bond Fund Institutional Class | 618,764 | 4,604,673 | 655,691 | 78,869 | (14,431) | (2,444) | - | - | 5,179,051 | ||||
| Empower Global Bond Fund Institutional Class | 574,291 | 3,895,881 | 576,311 | 51,824 | (8,820) | (44,268) | - | - | 4,376,100 | ||||
| Empower High Yield Bond Fund Institutional Class | 308,863 | 2,658,245 | 334,473 | 46,057 | (3,158) | 43,133 | - | - | 2,989,794 | ||||
| Empower Inflation-Protected Securities Fund Institutional Class | 58,557 | 462,682 | 63,672 | 8,565 | (1,478) | 3,370 | - | - | 521,159 | ||||
| Empower Multi-Sector Bond Fund Institutional Class | 510,494 | 3,740,255 | 493,558 | 71,646 | (11,934) | 49,410 | - | - | 4,211,577 | ||||
| Empower Short Duration Bond Fund Institutional Class | 83,249 | 710,479 | 96,317 | 13,904 | (751) | 6,301 | - | - | 799,193 | ||||
| (66,430) | 10,830 | 0 | 0 | 28,679,341 | |||||||||
March 28, 2024
| Empower Lifetime 2050 Fund | |||||||||||||
| Affiliate | Shares Held/ Account Balance 03/28/2024 | Value 12/31/2023 | Purchase Cost | Sales Cost | Net Realized Gain (Loss) | Net Change Unrealized Appreciation (Depreciation) | Dividends and Interest Received | Distributions Received | Value 03/28/2024 | ||||
| EQUITY MUTUAL FUNDS 81.45% | |||||||||||||
| Empower Ariel Mid Cap Value Fund Institutional Class | 219,970 | $2,068,891 | $236,421 | $42,850 | $(3,165) | $108,814 | $- | $- | $2,371,276 | ||||
| Empower Emerging Markets Equity Fund Institutional Class | 1,992,619 | 16,054,959 | 1,391,026 | 603,206 | (100,622) | 951,305 | - | - | 17,794,084 | ||||
| Empower International Growth Fund Institutional Class | 2,010,937 | 17,485,128 | 1,271,060 | 372,875 | (78,073) | 1,162,992 | - | - | 19,546,305 | ||||
| Empower International Index Fund Institutional Class | 3,817,123 | 37,239,160 | 2,752,018 | 622,120 | 27,054 | 2,275,756 | - | - | 41,644,814 | ||||
| Empower International Value Fund Institutional Class | 2,501,439 | 19,703,040 | 1,544,191 | 403,348 | 84,002 | 1,243,821 | - | - | 22,087,704 | ||||
| Empower Large Cap Growth Fund Institutional Class | 2,158,848 | 22,317,872 | 896,274 | 1,234,120 | (13,290) | 3,105,786 | - | - | 25,085,812 | ||||
| Empower Large Cap Value Fund Institutional Class | 3,623,788 | 24,310,021 | 1,382,889 | 757,395 | 209,834 | 2,532,801 | - | - | 27,468,316 | ||||
| Empower Mid Cap Value Fund Institutional Class | 1,049,460 | 8,296,425 | 583,075 | 146,911 | 76,792 | 702,053 | - | - | 9,434,642 | ||||
| Empower Real Estate Index Fund Institutional Class | 399,067 | 2,941,813 | 463,750 | 56,801 | (6,184) | 7,395 | - | - | 3,356,157 | ||||
| Empower S&P 500® Index Fund Institutional Class | 6,089,924 | 47,006,709 | 1,894,799 | 1,576,764 | (161,701) | 5,109,502 | - | - | 52,434,246 | ||||
| Empower S&P Mid Cap 400® Index Fund Institutional Class | 2,628,220 | 19,999,985 | 1,201,157 | 491,105 | 56,966 | 2,024,069 | - | - | 22,734,106 | ||||
| Empower S&P Small Cap 600® Index Fund Institutional Class | 2,748,434 | 16,027,824 | 2,087,086 | 320,472 | (97,601) | 592,584 | - | - | 18,387,022 | ||||
| Empower Small Cap Growth Fund Institutional Class | 149,548 | 1,528,930 | 113,019 | 72,503 | (17,592) | 150,361 | - | - | 1,719,807 | ||||
| Empower Small Cap Value Fund Institutional Class | 1,358,958 | 8,511,169 | 887,221 | 347,506 | (108,377) | 665,668 | - | - | 9,716,552 | ||||
| Empower T. Rowe Price Mid Cap Growth Fund Institutional Class | 1,639,669 | 9,688,374 | 538,956 | 298,125 | (84,521) | 909,003 | - | - | 10,838,208 | ||||
| (216,478) | 21,541,910 | 0 | 0 | 284,619,051 | |||||||||
| FIXED INTEREST CONTRACT 0.53% | |||||||||||||
| Empower of America Contract | 1,841,687 | 1,635,679 | 227,339 | 28,916 | - | - | 7,585 | - | 1,841,687 | ||||
| 0 | 0 | 7,585 | 0 | 1,841,687 | |||||||||
| Total | $(282,908) | $21,552,740 | $7,585 | $0 | $315,140,079 | ||||||||
| Empower Lifetime 2055 Fund | |||||||||
| Affiliate | Shares Held/ Account Balance 03/28/2024 | Value 12/31/2023 | Purchase Cost | Sales Cost | Net Realized Gain (Loss) | Net Change Unrealized Appreciation (Depreciation) | Dividends and Interest Received | Distributions Received | Value 03/28/2024 |
| BOND MUTUAL FUNDS 7.14% | |||||||||
| Empower Bond Index Fund Institutional Class | 1,776,331 | $13,537,054 | $1,488,200 | $223,782 | $(46,620) | $(57,922) | $- | $- | $14,743,550 |
| Empower Core Bond Fund Institutional Class | 864,400 | 6,648,693 | 701,123 | 112,085 | (23,993) | (2,702) | - | - | 7,235,029 |
| Empower Global Bond Fund Institutional Class | 805,882 | 5,656,717 | 618,475 | 65,354 | (9,208) | (69,017) | - | - | 6,140,821 |
March 28, 2024
| Empower Lifetime 2055 Fund | |||||||||||||
| Affiliate | Shares Held/ Account Balance 03/28/2024 | Value 12/31/2023 | Purchase Cost | Sales Cost | Net Realized Gain (Loss) | Net Change Unrealized Appreciation (Depreciation) | Dividends and Interest Received | Distributions Received | Value 03/28/2024 | ||||
| Empower High Yield Bond Fund Institutional Class | 432,671 | $3,853,705 | $342,133 | $60,449 | $2,355 | $52,861 | $- | $- | $4,188,250 | ||||
| Empower Multi-Sector Bond Fund Institutional Class | 712,742 | 5,401,701 | 510,203 | 98,509 | (16,006) | 66,730 | - | - | 5,880,125 | ||||
| Empower Short Duration Bond Fund Institutional Class | 84,935 | 749,705 | 73,790 | 14,786 | (978) | 6,661 | - | - | 815,370 | ||||
| (94,450) | (3,389) | 0 | 0 | 39,003,145 | |||||||||
| EQUITY MUTUAL FUNDS 82.21% | |||||||||||||
| Empower Ariel Mid Cap Value Fund Institutional Class | 337,893 | 3,299,936 | 239,376 | 46,284 | 8,911 | 149,463 | - | - | 3,642,491 | ||||
| Empower Emerging Markets Equity Fund Institutional Class | 3,316,496 | 27,640,405 | 1,466,693 | 952,820 | (69,466) | 1,462,033 | - | - | 29,616,311 | ||||
| Empower International Growth Fund Institutional Class | 3,260,015 | 29,327,141 | 1,351,850 | 675,940 | 61,890 | 1,684,295 | - | - | 31,687,346 | ||||
| Empower International Index Fund Institutional Class | 6,184,880 | 62,511,010 | 2,730,172 | 1,204,041 | 255,131 | 3,439,899 | - | - | 67,477,040 | ||||
| Empower International Value Fund Institutional Class | 4,051,429 | 33,060,105 | 1,580,667 | 879,372 | 111,977 | 2,012,720 | - | - | 35,774,120 | ||||
| Empower Large Cap Growth Fund Institutional Class | 3,312,262 | 35,458,989 | 1,012,353 | 2,839,484 | (54,601) | 4,856,628 | - | - | 38,488,486 | ||||
| Empower Large Cap Value Fund Institutional Class | 5,543,195 | 38,463,712 | 1,093,412 | 1,762,986 | (20,810) | 4,223,280 | - | - | 42,017,418 | ||||
| Empower Mid Cap Value Fund Institutional Class | 1,606,473 | 13,182,412 | 473,013 | 334,321 | 67,517 | 1,121,085 | - | - | 14,442,189 | ||||
| Empower Real Estate Index Fund Institutional Class | 630,354 | 4,805,873 | 576,148 | 64,614 | 12,882 | (16,130) | - | - | 5,301,277 | ||||
| Empower S&P 500® Index Fund Institutional Class | 9,345,606 | 74,136,827 | 1,813,349 | 3,796,000 | (656,534) | 8,311,490 | - | - | 80,465,666 | ||||
| Empower S&P Mid Cap 400® Index Fund Institutional Class | 4,019,320 | 31,621,602 | 1,019,320 | 1,009,326 | 47,739 | 3,135,521 | - | - | 34,767,117 | ||||
| Empower S&P Small Cap 600® Index Fund Institutional Class | 4,494,608 | 27,206,959 | 2,579,731 | 500,791 | 66 | 783,031 | - | - | 30,068,930 | ||||
| Empower Small Cap Growth Fund Institutional Class | 243,187 | 2,566,275 | 114,862 | 104,755 | (2,987) | 220,267 | - | - | 2,796,649 | ||||
| Empower Small Cap Value Fund Institutional Class | 2,226,406 | 14,418,448 | 1,033,345 | 381,493 | 52,223 | 848,500 | - | - | 15,918,800 | ||||
| Empower T. Rowe Price Mid Cap Growth Fund Institutional Class | 2,506,385 | 15,240,226 | 527,296 | 637,999 | (167,723) | 1,437,682 | - | - | 16,567,205 | ||||
| (353,785) | 33,669,764 | 0 | 0 | 449,031,045 | |||||||||
| FIXED INTEREST CONTRACT 0.36% | |||||||||||||
| Empower of America Contract | 1,956,792 | 1,797,128 | 184,979 | 33,433 | - | - | 8,118 | - | 1,956,792 | ||||
| 0 | 0 | 8,118 | 0 | 1,956,792 | |||||||||
| Total | $(448,235) | $33,666,375 | $8,118 | $0 | $489,990,982 | ||||||||
March 28, 2024
| Empower Lifetime 2060 Fund | |||||||||||||
| Affiliate | Shares Held/ Account Balance 03/28/2024 | Value 12/31/2023 | Purchase Cost | Sales Cost | Net Realized Gain (Loss) | Net Change Unrealized Appreciation (Depreciation) | Dividends and Interest Received | Distributions Received | Value 03/28/2024 | ||||
| BOND MUTUAL FUNDS 6.73% | |||||||||||||
| Empower Bond Index Fund Institutional Class | 188,564 | $1,359,352 | $283,984 | $76,032 | $(7,500) | $(2,226) | $- | $- | $1,565,078 | ||||
| Empower Core Bond Fund Institutional Class | 91,615 | 666,280 | 137,218 | 39,023 | (4,568) | 2,338 | - | - | 766,813 | ||||
| Empower Global Bond Fund Institutional Class | 90,811 | 601,818 | 129,017 | 34,182 | (3,406) | (4,674) | - | - | 691,979 | ||||
| Empower High Yield Bond Fund Institutional Class | 45,985 | 386,835 | 71,720 | 21,230 | (1,907) | 7,814 | - | - | 445,139 | ||||
| Empower Multi-Sector Bond Fund Institutional Class | 75,774 | 542,705 | 106,395 | 33,067 | (3,472) | 9,104 | - | - | 625,137 | ||||
| Empower Short Duration Bond Fund Institutional Class | 9,010 | 75,243 | 14,762 | 4,090 | 10 | 584 | - | - | 86,499 | ||||
| (20,843) | 12,940 | 0 | 0 | 4,180,645 | |||||||||
| EQUITY MUTUAL FUNDS 82.19% | |||||||||||||
| Empower Ariel Mid Cap Value Fund Institutional Class | 37,199 | 343,546 | 60,997 | 30,259 | (8,762) | 26,716 | - | - | 401,000 | ||||
| Empower Emerging Markets Equity Fund Institutional Class | 397,208 | 3,100,143 | 527,049 | 300,290 | (53,406) | 220,163 | - | - | 3,547,065 | ||||
| Empower International Growth Fund Institutional Class | 380,601 | 3,214,845 | 504,512 | 245,815 | (24,397) | 225,901 | - | - | 3,699,443 | ||||
| Empower International Index Fund Institutional Class | 721,248 | 6,835,641 | 1,022,398 | 467,402 | (50,410) | 478,183 | - | - | 7,868,820 | ||||
| Empower International Value Fund Institutional Class | 472,833 | 3,623,589 | 524,917 | 254,878 | (34,195) | 281,487 | - | - | 4,175,115 | ||||
| Empower Large Cap Growth Fund Institutional Class | 364,336 | 3,684,695 | 412,737 | 343,127 | 30,103 | 479,281 | - | - | 4,233,586 | ||||
| Empower Large Cap Value Fund Institutional Class | 611,674 | 3,992,785 | 477,853 | 357,475 | (66,296) | 523,324 | - | - | 4,636,487 | ||||
| Empower Mid Cap Value Fund Institutional Class | 177,156 | 1,369,380 | 174,042 | 90,804 | (10,002) | 140,012 | - | - | 1,592,630 | ||||
| Empower Real Estate Index Fund Institutional Class | 72,628 | 520,425 | 125,922 | 44,727 | (8,604) | 9,185 | - | - | 610,805 | ||||
| Empower S&P 500® Index Fund Institutional Class | 1,030,473 | 7,706,377 | 853,358 | 656,858 | (147,398) | 969,493 | - | - | 8,872,370 | ||||
| Empower S&P Mid Cap 400® Index Fund Institutional Class | 443,011 | 3,290,948 | 391,221 | 262,868 | (65,756) | 412,748 | - | - | 3,832,049 | ||||
| Empower S&P Small Cap 600® Index Fund Institutional Class | 530,256 | 3,031,164 | 617,455 | 247,598 | (48,828) | 146,392 | - | - | 3,547,413 | ||||
| Empower Small Cap Growth Fund Institutional Class | 28,771 | 284,806 | 43,050 | 24,594 | (2,464) | 27,610 | - | - | 330,872 | ||||
| Empower Small Cap Value Fund Institutional Class | 262,712 | 1,605,378 | 277,767 | 139,165 | (26,209) | 134,408 | - | - | 1,878,388 | ||||
| Empower T. Rowe Price Mid Cap Growth Fund Institutional Class | 276,570 | 1,581,130 | 208,107 | 137,733 | (39,670) | 176,624 | - | - | 1,828,128 | ||||
| (556,294) | 4,251,527 | 0 | 0 | 51,054,171 | |||||||||
| FIXED INTEREST CONTRACT 0.34% | |||||||||||||
| Empower of America Contract | 210,080 | 182,694 | 36,257 | 9,721 | - | - | 850 | - | 210,080 | ||||
| 0 | 0 | 850 | 0 | 210,080 | |||||||||
| Total | $(577,137) | $4,264,467 | $850 | $0 | $55,444,896 | ||||||||
March 28, 2024