# EDGAR Filing Document

**Accession Number:** 0000356476
**File Stem:** 0001145549-23-010245
**Filing Date:** 2023-2
**Character Count:** 13543
**Document Hash:** 1f436ba9a6ca5c2a9eaf166a07da72e3
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-23-010245.hdr.sgml**: 20230227

**ACCESSION NUMBER**: 0001145549-23-010245

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230227

**DATE AS OF CHANGE**: 20230227

**PERIOD START**: 20221231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** EMPOWER FUNDS, INC.
- **CENTRAL INDEX KEY:** 0000356476
- **IRS NUMBER:** 840876044
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-03364
- **FILM NUMBER:** 23670664

**BUSINESS ADDRESS:**
- **STREET 1:** 8515 E ORCHARD ROAD
- **CITY:** GREENWOOD VILLAGE
- **STATE:** CO
- **ZIP:** 80111
- **BUSINESS PHONE:** 303-737-3000

**MAIL ADDRESS:**
- **STREET 1:** 8515 E ORCHARD ROAD
- **CITY:** GREENWOOD VILLAGE
- **STATE:** CO
- **ZIP:** 80111

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** GREAT-WEST FUNDS INC
- **DATE OF NAME CHANGE:** 20121005

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MAXIM SERIES FUND INC
- **DATE OF NAME CHANGE:** 19920703

## Series and Classes Contracts Data

### Empower Lifetime 2030 Fund (Series ID: S000053678)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000168754 | Institutional Class | MXAYX           |
| C000168755 | Investor Class      | MXATX           |
| C000168756 | Service Class       | MXAUX           |
| C000168757 | Class L             | MXAWX           |

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** EMPOWER FUNDS, INC.

- **b. Investment Company Act file number:** 811-03364

- **c. CIK number of Registrant:** 0000356476

- **d. LEI of Registrant:** RUYOMHMDMSPQ01U66388

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 8515 E Orchard Road

  - **City:** Greenwood Village

  - **State:** CO

  - **Foreign country:** US

  - **Zip / Postal Code:** 80111

  - **Telephone number:** 866-831-7129

**Item A.2. Information about the Series.**

- **a. Name of Series:** Empower Lifetime 2030 Fund

- **b. EDGAR series identifier (if any):** S000053678

- **c. LEI of Series:** 549300BEAOI6KWLZFG90

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2022-12-31

- **b. Date as of which information is reported:** 2022-12-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $434851804.43

**Total Liabilities:** $475212.70

**Net Assets:** $434376591.74

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000168754 | 4.03%                | 6.18%                | -2.76%               |
| Class ID C000168755 | 4.05%                | 6.10%                | -2.82%               |
| Class ID C000168756 | 4.01%                | 6.15%                | -2.83%               |
| Class ID C000168757 |  |  |  |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-3008905.28             | $16870829.26                               |
| Month 2  | $-3329065.06             | $25832474.72                               |
| Month 3  | $-4165220.88             | $-25908062.97                              |

### Schedule of Portfolio Investments

| Name              | Title                          | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| DFA               | INTERNATIONAL REAL ESTATE      | CUSIP: 233203348<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    963953 | NS      | $3576266.14   | 0.82%             | N/A             | Fixed         | 0.00%                 | No            |                  1 | On Loan: No      |
| EMPOWER FUNDS INC | LOOMIS SAYLES BOND INST        | CUSIP: 39137E244<br>LEI: RUYOMHMDMSPQ01U66388 | Long             | EC               | CORP              | US        |   2214696 | NS      | $17739712.31  | 4.08%             | N/A             | Fixed         | 0.00%                 | No            |                  1 | On Loan: No      |
| EMPOWER FUNDS INC | SHORT DURATION BOND FUND-INST  | CUSIP: 39137E319<br>LEI: RUYOMHMDMSPQ01U66388 | Long             | EC               | CORP              | US        |   1191828 | NS      | $11072082.32  | 2.55%             | N/A             | Fixed         | 0.00%                 | No            |                  1 | On Loan: No      |
| EMPOWER FUNDS INC | REAL ESTATE INDEX FUND-INST    | CUSIP: 39137E343<br>LEI: RUYOMHMDMSPQ01U66388 | Long             | EC               | CORP              | US        |    511590 | NS      | $3934124.83   | 0.91%             | N/A             | Fixed         | 0.00%                 | No            |                  1 | On Loan: No      |
| FIDELITY          | SALEM STREET TR EMRG MKT INS   | CUSIP: 316146331<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1062544 | NS      | $10019785.96  | 2.31%             | N/A             | Fixed         | 0.00%                 | No            |                  1 | On Loan: No      |
| EMPOWER FUNDS INC | MFS INTL VALUE FUND-INST       | CUSIP: 39137E442<br>LEI: RUYOMHMDMSPQ01U66388 | Long             | EC               | CORP              | US        |   2264466 | NS      | $16960850.66  | 3.90%             | N/A             | Fixed         | 0.00%                 | No            |                  1 | On Loan: No      |
| EMPOWER FUNDS INC | EM EQUITY FUND INST CL         | CUSIP: 39137G330<br>LEI: RUYOMHMDMSPQ01U66388 | Long             | EC               | RF                | US        |   1268831 | NS      | $9973008.22   | 2.30%             | N/A             | Fixed         | 0.00%                 | No            |                  1 | On Loan: No      |
| EMPOWER FUNDS INC | ARIEL MID CAP VALUE FUND-INST  | CUSIP: 39137E384<br>LEI: RUYOMHMDMSPQ01U66388 | Long             | EC               | CORP              | US        |    202403 | NS      | $2161663.16   | 0.50%             | N/A             | Fixed         | 0.00%                 | No            |                  1 | On Loan: No      |
| EMPOWER FUNDS INC | MFS INTL GROWTH FUND-INST      | CUSIP: 39137E467<br>LEI: RUYOMHMDMSPQ01U66388 | Long             | EC               | CORP              | US        |   1898458 | NS      | $15016800.89  | 3.46%             | N/A             | Fixed         | 0.00%                 | No            |                  1 | On Loan: No      |
| EMPOWER FUNDS INC | GS MID CAP VALUE FUND-INST     | CUSIP: 39137E426<br>LEI: RUYOMHMDMSPQ01U66388 | Long             | EC               | CORP              | US        |   1150300 | NS      | $8443198.96   | 1.94%             | N/A             | Fixed         | 0.00%                 | No            |                  1 | On Loan: No      |
| JANUS             | TRITON N                       | CUSIP: 47103D793<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    186598 | NS      | $4651890.43   | 1.07%             | N/A             | Fixed         | 0.00%                 | No            |                  1 | On Loan: No      |
| EMPOWER           | GUARANTEED FUNDING ACCOUNT     | CUSIP: GPFML1001<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  21496852 | NS      | $25867161.95  | 5.96%             | 2023-01-03      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| EMPOWER FUNDS INC | INTERNATIONAL INDEX FUND-INST  | CUSIP: 39137E376<br>LEI: RUYOMHMDMSPQ01U66388 | Long             | EC               | CORP              | US        |   3462052 | NS      | $31954741.00  | 7.36%             | N/A             | Fixed         | 0.00%                 | No            |                  1 | On Loan: No      |
| EMPOWER FUNDS INC | S&P 500 INDEX FUND-INST        | CUSIP: 39137E434<br>LEI: RUYOMHMDMSPQ01U66388 | Long             | EC               | CORP              | US        |   6219479 | NS      | $47330235.29  | 10.90%            | N/A             | Fixed         | 0.00%                 | No            |                  1 | On Loan: No      |
| EMPOWER FUNDS INC | INFL-PROTECT SEC FUND INST CL  | CUSIP: 39137G298<br>LEI: RUYOMHMDMSPQ01U66388 | Long             | EC               | RF                | US        |   2498166 | NS      | $22108765.87  | 5.09%             | N/A             | Fixed         | 0.00%                 | No            |                  1 | On Loan: No      |
| EMPOWER FUNDS INC | S&P MID CAP 400 IND FUND-INST  | CUSIP: 39137E392<br>LEI: RUYOMHMDMSPQ01U66388 | Long             | EC               | CORP              | US        |   2651200 | NS      | $20414237.36  | 4.70%             | N/A             | Fixed         | 0.00%                 | No            |                  1 | On Loan: No      |
| EMPOWER FUNDS INC | MULTI-MAN LRG CAP GROWTH-INST  | CUSIP: 39137E475<br>LEI: RUYOMHMDMSPQ01U66388 | Long             | EC               | CORP              | US        |   2902258 | NS      | $22724682.07  | 5.23%             | N/A             | Fixed         | 0.00%                 | No            |                  1 | On Loan: No      |
| AMERICAN CENTURY  | REAL ESTATE FUND               | CUSIP: 025076282<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    319311 | NS      | $7356918.73   | 1.69%             | N/A             | Fixed         | 0.00%                 | No            |                  1 | On Loan: No      |
| EMPOWER FUNDS INC | TROWE PRICE MIDCAP GROWTH-INST | CUSIP: 39137E293<br>LEI: RUYOMHMDMSPQ01U66388 | Long             | EC               | CORP              | US        |   1660449 | NS      | $9763441.61   | 2.25%             | N/A             | Fixed         | 0.00%                 | No            |                  1 | On Loan: No      |
| EMPOWER FUNDS INC | FEDERATED BOND FUND-INST       | CUSIP: 39137E459<br>LEI: RUYOMHMDMSPQ01U66388 | Long             | EC               | CORP              | US        |   2604662 | NS      | $21827063.77  | 5.02%             | N/A             | Fixed         | 0.00%                 | No            |                  1 | On Loan: No      |
| EMPOWER FUNDS INC | S&P 600 INDEX FUND-INST        | CUSIP: 39137E491<br>LEI: RUYOMHMDMSPQ01U66388 | Long             | EC               | CORP              | US        |   1993338 | NS      | $12119496.06  | 2.79%             | N/A             | Fixed         | 0.00%                 | No            |                  1 | On Loan: No      |
| EMPOWER FUNDS INC | MULTI MGR SCG FUND INST        | CUSIP: 39137G736<br>LEI: RUYOMHMDMSPQ01U66388 | Long             | EC               | CORP              | US        |    124454 | NS      | $1137505.84   | 0.26%             | N/A             | Fixed         | 0.00%                 | No            |                  1 | On Loan: No      |
| EMPOWER FUNDS INC | BOND INDEX FUND-INST           | CUSIP: 39137E525<br>LEI: RUYOMHMDMSPQ01U66388 | Long             | EC               | CORP              | US        |   5381385 | NS      | $44396427.65  | 10.22%            | N/A             | Fixed         | 0.00%                 | No            |                  1 | On Loan: No      |
| EMPOWER FUNDS INC | LARGE CAP VALUE-INST           | CUSIP: 39137E251<br>LEI: RUYOMHMDMSPQ01U66388 | Long             | EC               | CORP              | US        |   3649906 | NS      | $24782858.47  | 5.71%             | N/A             | Fixed         | 0.00%                 | No            |                  1 | On Loan: No      |
| EMPOWER FUNDS INC | SMALL CAP VALUE FUND-INST      | CUSIP: 39137E335<br>LEI: RUYOMHMDMSPQ01U66388 | Long             | EC               | CORP              | US        |    980405 | NS      | $6451065.96   | 1.49%             | N/A             | Fixed         | 0.00%                 | No            |                  1 | On Loan: No      |
| EMPOWER FUNDS INC | HIGH YIELD BOND-INST           | CUSIP: 39137E483<br>LEI: RUYOMHMDMSPQ01U66388 | Long             | EC               | CORP              | US        |   1398199 | NS      | $12569805.41  | 2.89%             | N/A             | Fixed         | 0.00%                 | No            |                  1 | On Loan: No      |
| EMPOWER FUNDS INC | TEMPLETON GBL BOND FUND-INST   | CUSIP: 39137E285<br>LEI: RUYOMHMDMSPQ01U66388 | Long             | EC               | CORP              | US        |   2724745 | NS      | $20163112.83  | 4.64%             | N/A             | Fixed         | 0.00%                 | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2023-02-17

**Name of Applicant:** GREAT-WEST FUNDS INC

**Signature:** /s/Kelly New

**Name of Signer:** Kelly New

**Title:** Treasurer, Great-West Funds, Inc.