# EDGAR Filing Document

**Accession Number:** 0000356476
**File Stem:** 0001145549-23-010248
**Filing Date:** 2023-2
**Character Count:** 13543
**Document Hash:** b7217d7c4a23995740c8d882378f5874
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-23-010248.hdr.sgml**: 20230227

**ACCESSION NUMBER**: 0001145549-23-010248

**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:** 23670668

**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 2045 Fund (Series ID: S000025504)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000076346 | Investor Class      | MXQLX           |
| C000076347 | Service Class       | MXRLX           |
| C000095801 | Class L             | MXBHX           |
| C000155789 | Institutional Class | MXWEX           |

## 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 2045 Fund

- **b. EDGAR series identifier (if any):** S000025504

- **c. LEI of Series:** 549300G5WOB7G8IX0625

**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:** $859561029.68

**Total Liabilities:** $415271.95

**Net Assets:** $859145757.73

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000076346 | 5.94%                | 8.03%                | -3.95%               |
| Class ID C000076347 | 5.87%                | 8.00%                | -3.91%               |
| Class ID C000095801 |  |  |  |
| Class ID C000155789 | 5.94%                | 8.06%                | -3.92%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-11581461.50            | $48531450.96                               |
| Month 2  | $-12802477.42            | $67846343.05                               |
| Month 3  | $-14802964.32            | $-69609266.43                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| FIDELITY          | SALEM STREET TR EMRG MKT INS   | CUSIP: 316146331<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   3853047 | NS      | $36334234.12  | 4.23%             | 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        |    368319 | NS      | $3421686.51   | 0.40%             | N/A             | Fixed         | 0.00%                 | No            |                  1 | On Loan: No      |
| EMPOWER FUNDS INC | INTERNATIONAL INDEX FUND-INST  | CUSIP: 39137E376<br>LEI: RUYOMHMDMSPQ01U66388 | Long             | EC               | CORP              | US        |  11011922 | NS      | $101640041.50 | 11.83%            | 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        |   1879738 | NS      | $13910061.92  | 1.62%             | 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        |   7169385 | NS      | $55204265.17  | 6.43%             | 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        |   3118247 | NS      | $22887932.94  | 2.66%             | 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        |   7202939 | NS      | $53950012.35  | 6.28%             | 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        |  16850203 | NS      | $128230047.27 | 14.93%            | N/A             | Fixed         | 0.00%                 | No            |                  1 | On Loan: No      |
| JANUS             | TRITON N                       | CUSIP: 47103D793<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    652384 | NS      | $16263922.64  | 1.89%             | 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        |    656470 | NS      | $15125077.83  | 1.76%             | 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        |   1934336 | NS      | $16209734.60  | 1.89%             | 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        |   7843901 | NS      | $61417745.45  | 7.15%             | 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        |    537810 | NS      | $5743811.02   | 0.67%             | 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        |   9871766 | NS      | $67029291.02  | 7.80%             | 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        |   4493060 | NS      | $26419191.06  | 3.08%             | 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        |   1052729 | NS      | $8095489.55   | 0.94%             | N/A             | Fixed         | 0.00%                 | No            |                  1 | On Loan: No      |
| EMPOWER           | GUARANTEED FUNDING ACCOUNT     | CUSIP: GPFML1001<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   6620215 | NS      | $7966104.59   | 0.93%             | 2023-01-03      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| EMPOWER FUNDS INC | HIGH YIELD BOND-INST           | CUSIP: 39137E483<br>LEI: RUYOMHMDMSPQ01U66388 | Long             | EC               | CORP              | US        |   1039648 | NS      | $9346431.25   | 1.09%             | 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        |   6855544 | NS      | $41681706.75  | 4.85%             | N/A             | Fixed         | 0.00%                 | No            |                  1 | On Loan: No      |
| DFA               | INTERNATIONAL REAL ESTATE      | CUSIP: 233203348<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   2255057 | NS      | $8366259.78   | 0.97%             | 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        |   1647185 | NS      | $13193948.66  | 1.54%             | 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        |   4004312 | NS      | $33035573.49  | 3.85%             | 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        |    443636 | NS      | $3926177.52   | 0.46%             | 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        |   4603833 | NS      | $36186126.04  | 4.21%             | 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        |   3384987 | NS      | $22273215.51  | 2.59%             | 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        |   6022012 | NS      | $47634116.31  | 5.54%             | 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        |    434389 | NS      | $3970320.13   | 0.46%             | 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.