Great-West Putnam Equity Income Fund Initial Class
as of 12/31/2015
Investment Objective and Strategy
Morningstar® Ratings
The investment seeks capital growth and current income.
The fund will, under normal circumstances, invest at
least 80% of its net assets in equity securities. It invests
mainly in common stocks of midsize and large U.S.
companies, with a focus on value stocks that offer the
potential for capital growth, current income, or both.
Value stocks are those that the portfolio managers
believe are currently undervalued by the market. The
fund invests mainly in midsize and large companies,
which are of a size similar to those in the Russell 1000
Value Index.
Overall
ÙÙÙ
# of Funds Rated Against
1,190
Fund Details
Excess Return (%)
3 Yr
ÙÙÙ
# of Funds Rated Against
1,190
Risk/Reward vs. Benchmark
3 Years Portfolio Date: 9/30/2015
Adviser
6/16/2011 Alpha
Great-West Capital Management LLC Beta
Sub-Adviser
Putnam Investment Management,LLC R Squared
Inception Date
-0.50
0.96
97.57
3.42 Tracking Error
Fund Size ($Mil)
508 Information Ratio
Gross Expense Ratio (%)
1.10 Standard Deviation
Net Expense Ratio (%)
1.10 Sharpe Ratio
1.69
MXQIX
Holdings-Based Style (Equities)
Asset Allocation
2.71
Cigna Corp
2.26
JPMorgan Chase & Co
2.25
2.12
2.09
2.03
Johnson & Johnson
1.96
Comcast Corp Class A
1.93
Coty Inc Class A
1.71
Portfolio Statistics
Turnover Ratio %
Portfolio Date: 9/30/2015
Giant
2.93
Northrop Grumman Corp
1.18 Wells Fargo & Co
US OE Large Value
Ticker
Eli Lilly and Co
-0.26 Citigroup Inc
10.54 Exxon Mobil Corporation
Russell 1000 Value TR USD
Morningstar Category
Portfolio
Weighting %
0.02
Manager Tenure (Years)
Primary Prospectus Benchmark
Top Holdings
36
Large
% Avg Market Cap ($Bil)
Cash
Mid
US Equity
Non-US Equity
6.4
Micro
Small
Non-US Bond
Deep-Val
Core-Val
Core
Core-Grth
High-Grth
43.13
0.0 # of Holdings
91.0 % Assets in Top 10 Holdings
129
21.98
P/E Ratio
15.35
-
Other
2.7
Total
100.0
Return
Trailing Returns (%)
16.00
14.00
12.00
10.00
8.00
6.00
4.00
2.00
0.00
-2.00
-4.00
-6.00
12.58
5.64
3.96
13.08
11.49
10.92
11.17
9.26
4.70
-3.53
3 Months
-3.83
-4.08
1 Year
Great-West Putnam Equity Income Init
3 Years
Russell 1000 Value TR USD
Since Inception
US OE Large Value
Calendar Year Returns (%)
Return
35.00
30.00
25.00
20.00
15.00
10.00
5.00
0.00
-5.00
-10.00
31.65
18.88
17.51
32.53
31.15
14.55
12.36
13.45
10.15
-3.53
2012
Great-West Putnam Equity Income Init
Source: Morningstar Direct
2013
2014
Russell 1000 Value TR USD
2015
US OE Large Value
-3.83
-4.08
Great-West Putnam Equity Income Fund Initial Class
As of 12/31/2015
Rolling 3 Year Returns Relative to Peer Group (%)
Time Period: 7/1/2011 to 12/31/2015
Top Quartile
2nd Quartile
3rd Quartile
Bottom Quartile
30.0
Return
25.0
20.0
15.0
10.0
5.0
J
J
A
S
O
N
D
J
F
M
A
M
J
J
A
S
O
N
D
2015
Current performance may be lower or higher than performance data shown. Performance data quoted represents past performance and is not a
guarantee or prediction of future results. The investment return and principal value of an investment will fluctuate so that, when redeemed, shares may be
worth more or less than their original cost. The returns and fund operating expenses are expressed as percentages. 3, 5 and 10 Year/Since Inception
returns shown are annualized. For 10 Year/Since Inception, if the fund was not in existence for 10 years, returns shown are since inception. If the fund is
less than one year old, returns are not annualized. Performance current to the most recent month-end can be found at www.greatwestfunds.com.
Performance does not include any fees or expenses of variable insurance products, if applicable. If such fees or expenses were included, returns would
be lower. Past performance is no guarantee of future results.
Holdings subject to change. The holdings listed should not be considered recommendations to purchase or sell a particular security. It should not be
assumed that securities bought or sold in the future will be profitable or will equal the performance of the securities in this portfolio.
The Fund’s benchmark index is the Russell 1000® Value Index. The Russell 1000® Value Index measures the performance of the large-cap value
segment of the U.S. equity universe. It includes those Russell 1000® Index companies with lower price-to-book ratios and lower expected growth values.
Russell 1000® is a registered trademark of Russell Investments. A benchmark index is not actively managed, does not have a defined investment
objective, and does not incur fees or expenses. Therefore, performance of a fund will generally be less than its benchmark index. You cannot invest
directly in a benchmark index.
Although data is gathered from reliable sources, including but not limited to Morningstar, Inc., the completeness or accuracy of the data shown cannot be
guaranteed. Where data is obtained from Morningstar: ©2016 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary
to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither
Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.
About Risk: Stock investments tend to be more volatile than bond, stable value or money market investments.
The Holdings-Based Style Map displays the weighting of the investment’s underlying holdings for the reporting period by investment style and size. 1.
The inner circle represents the weighted average holdings and 2. the outer radar representing 75% of the investment’s holdings.
Morningstar Rating™ - For each fund with at least a 3-year history, Morningstar calculates a Morningstar Rating™ based on a Morningstar RiskAdjusted Return measure that accounts for variation in a fund’s monthly performance (including the effects of sales charges, loads, and redemption fees),
placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars, the next
22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. (Each share class is counted as a
fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages.) The Overall Morningstar
Rating for a fund is derived from a weighted average of the performance figures associated with its three-, five-, and ten-year (if applicable) Morningstar
Rating metrics.
For additional information regarding investment terms and definitions, please access glossary at :
https://dcprovider.com/Great-West_Funds/PDF/Glossary.pdf
Please consider the investment objectives, risks, fees and expenses carefully before investing. For this and other important information you may obtain
mutual fund prospectuses from your registered representative or at www.greatwestfunds.com. Read them carefully.
Portfolio Date - The Portfolio Date is the effective date for certain data. The As-Of Date is the effective period run date for which the sheet is being
produced.
Shares of the Fund are sold only through its currently effective prospectus. Shares are not available to the general public but are offered only to insurance
company separate accounts for certain variable annuity contracts and variable life insurance policies, to individual retirement account ("IRA") custodians
or trustees, and to plan sponsors of certain qualified retirement plans. The Fund may be available to college savings programs and to asset allocation
funds that are series of Great-West Funds. An individual investor cannot purchase shares of the Fund directly; rather, you must own a variable annuity
contract, variable life insurance policy or IRA, or participate in a qualified retirement plan or college savings program that makes one or more of the Fund
available for investment.
The Fund is managed by a sub- adviser who manages retail mutual funds having similar names and investment objectives. While their investment
management may be similar to or modeled from those retail mutual funds, the Fund is not directly related to any mutual funds. Consequently, investment
performance and other features of retail mutual funds and any similarly named Great-West Fund may differ substantially.
Putnam Investments, LLC, distributor of Putnam Fund(s) is an affiliate of Great-West Life & Annuity Insurance Company, Great-West Life & Annuity
Insurance Company of New York, White Plains, New York and their subsidiaries and affiliates.
The Net expense ratio shown is net of any fee waivers or expense reimbursements.
The principal underwriter of Great-West Funds, Inc. is GWFS Equities, Inc., an affiliate of Great-West Funds, Inc. GWFS Equities, Inc., Member
FINRA/SIPC, is a wholly owned subsidiary of Great-West Life & Annuity Insurance Company.
Great-West Financial® refers to products and services provided by Great-West Life & Annuity Insurance Company (GWL&A) and its subsidiaries and
affiliates including Great-West Funds, Inc. and GWCM.
Morningstar® is a registered mark and Morningstar® DirectSM is a service mark of Morningstar, Inc. Unless indicated otherwise, all other trademarks,
logos, service marks and design elements used are owned by GWL&A. ©2016 Great-West Capital Management, LLC. All rights reserved. 1/2016
PT#254092
Source: Morningstar Direct