# EDGAR Filing Document

**Accession Number:** 0000356476
**File Stem:** 0001145549-23-010242
**Filing Date:** 2023-2
**Character Count:** 13543
**Document Hash:** dd0353867d6bdb8ad4ed90d28e0571c3
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-23-010242.hdr.sgml**: 20230227

**ACCESSION NUMBER**: 0001145549-23-010242

**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:** 23670662

**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 2015 Fund (Series ID: S000025509)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000076356 | Service Class       | MXLZX           |
| C000076357 | Investor Class      | MXLYX           |
| C000095806 | Class L             | MXABX           |
| C000155794 | Institutional Class | MXNYX           |

## 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 2015 Fund

- **b. EDGAR series identifier (if any):** S000025509

- **c. LEI of Series:** 54930082UWTSH6PMSC77

**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:** $547826602.33

**Total Liabilities:** $209400.41

**Net Assets:** $547617201.91

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000076356 | 2.74%                | 4.67%                | -2.01%               |
| Class ID C000076357 | 2.73%                | 4.65%                | -2.04%               |
| Class ID C000095806 |  |  |  |
| Class ID C000155794 | 2.82%                | 4.66%                | -2.00%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $849637.23               | $16455793.28                               |
| Month 2  | $482581.20               | $25659631.69                               |
| Month 3  | $-549705.14              | $-24990158.34                              |

### 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        |   1006631 | NS      | $3734600.15   | 0.68%             | 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        |   1778322 | NS      | $15987116.10  | 2.92%             | 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        |     84518 | NS      | $772498.21    | 0.14%             | 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        |   2821594 | NS      | $22600966.96  | 4.13%             | 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        |   2694196 | NS      | $24867425.23  | 4.54%             | 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        |    854707 | NS      | $6718000.38   | 1.23%             | N/A             | Fixed         | 0.00%                 | No            |                  1 | On Loan: No      |
| EMPOWER           | GUARANTEED FUNDING ACCOUNT     | CUSIP: GPFML1001<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  59304595 | NS      | $71361219.05  | 13.03%            | 2023-01-03      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| FIDELITY          | SALEM STREET TR EMRG MKT INS   | CUSIP: 316146331<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    715722 | NS      | $6749256.20   | 1.23%             | 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        |   3282864 | NS      | $30497807.83  | 5.57%             | 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        |    383726 | NS      | $8841051.75   | 1.61%             | 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        |   3368140 | NS      | $22869668.72  | 4.18%             | 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        |   5744779 | NS      | $43717770.20  | 7.98%             | 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        |   6855816 | NS      | $56560483.52  | 10.33%            | 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        |   1475226 | NS      | $11669037.36  | 2.13%             | 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        |    182770 | NS      | $1951985.69   | 0.36%             | 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        |   2442839 | NS      | $18809858.67  | 3.43%             | 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        |   4043036 | NS      | $29918464.62  | 5.46%             | 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        |   1528545 | NS      | $8987845.04   | 1.64%             | 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        |   7974165 | NS      | $70571358.88  | 12.89%            | N/A             | Fixed         | 0.00%                 | No            |                  1 | On Loan: No      |
| JANUS             | TRITON N                       | CUSIP: 47103D793<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    129679 | NS      | $3232890.79   | 0.59%             | 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        |    674967 | NS      | $4441279.77   | 0.81%             | 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        |    616704 | NS      | $4742452.18   | 0.87%             | 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        |   1065756 | NS      | $7822652.17   | 1.43%             | 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        |   1762162 | NS      | $13198594.65  | 2.41%             | 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        |   3322413 | NS      | $27841818.97  | 5.08%             | 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        |   1379743 | NS      | $8388836.84   | 1.53%             | 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        |   2675776 | NS      | $20951326.65  | 3.83%             | 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.