As filed with the Securities and Exchange Commission on November 9, 2012
Registration Nos. 2-75503, 811-03364
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM N-1A
| REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 | (X | ) | ||||||
| Pre-Effective Amendment No. | ( | ) | ||||||
| Post-Effective Amendment No. 130 | (X | ) | ||||||
and/or
| REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT | (X) | |||||
| OF 1940 | ||||||
| Amendment No. 130 | (X) | |||||
GREAT-WEST FUNDS, INC.
(Exact Name of Registrant as Specified in Charter)
8515 E. Orchard Road
Greenwood Village, Colorado 80111
Registrants Telephone Number, including Area Code: (866) 831-7129
Mitchell T.G. Graye
President and Chief Executive Officer
Great-West Funds, Inc.
8515 E. Orchard Road
Greenwood Village, Colorado 80111
(Address of Principal Executive Offices)
(Name and Address of Agent for Service)
Copies of Communications to:
Renee M. Hardt, Esq.
Vedder Price P.C.
222 North LaSalle Street
Chicago, Illinois 60601
| It is proposed that this filing will become effective (check appropriate box) | ||||||
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immediately upon filing pursuant to paragraph (b) of Rule 485 | |||||
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on , pursuant to paragraph (b) of Rule 485 | |||||
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60 days after filing, pursuant to paragraph (a)(1) of Rule 485 | |||||
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on , pursuant to paragraph (a)(1) of Rule 485 | |||||
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75 days after filing, pursuant to paragraph (a)(2) of Rule 485 | |||||
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on , pursuant to paragraph (a)(2) of Rule 485 | |||||
| If appropriate, check the following box: | ||||||
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this post-effective amendment designates a new effective date for a previously filed post-effective amendment. |
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SIGNATURES
Pursuant to the requirements of the Securities Act and the Investment Company Act, the Fund certifies that it meets all of the requirements for effectiveness of this amended Registration Statement under Rule 485(b) under the Securities Act and has duly caused this amended Registration Statement to be signed on its behalf by the undersigned, duly authorized, in the City of Greenwood Village, and State of Colorado on the 9th day of November 2012.
| GREAT-WEST FUNDS, INC. | ||
| (Registrant) | ||
| By: | /s/ M.T.G. Graye | |
| M.T.G. Graye, President and Chief Executive Officer | ||
Pursuant to the requirements of the Securities Act, this amended Registration Statement has been signed below by the following persons in the capacities and on the date(s) indicated.
| Signature |
Title |
Date | ||
| /s/ M.T.G. Graye M.T.G. Graye |
Chairman, President and Chief Executive Officer |
November 9, 2012 | ||
| /s/ C.P. Nelson C.P. Nelson |
Director | November 9, 2012 | ||
| /s/ G.H. Klapper G.H. Klapper* |
Director | November 9, 2012 | ||
| /s/ S.G. McConahey S.G. McConahey* |
Director | November 9, 2012 | ||
| /s/ S. Zisman S. Zisman* |
Director | November 9, 2012 | ||
| /s/ M.C. Maiers M.C. Maiers |
Chief Financial Officer & Treasurer |
November 9, 2012 | ||
| *By: |
/s/ B. A. Byrne |
November 9, 2012 | ||||
| B.A. Byrne Attorney-in-fact |
Power of Attorney for Mr. Zisman is incorporated by reference to Registrants Post-Effective Amendment No. 52 to the Registration Statement filed on June 25, 1997 (File No. 2-77503). Power of Attorney for Ms. Klapper is incorporated by reference to Registrants Post-Effective Amendment No. 95 to the Registration Statement filed on February 13, 2009 (File No. 2-77503). Power of Attorney for Mr. McConahey is incorporated by reference to Registrants Post-Effective Amendment No. 109 to the Registration Statement filed on March 25, 2011 (File No. 2-77503).
EXHIBIT INDEX
| Index No. |
Description of Exhibit |
|||
| EX-101.INS |
XBRL Instance Document | |||
| EX-101.SCH |
XBRL Taxonomy Extension Schema Document | |||
| EX-101.CAL |
XBRL Taxonomy Extension Calculation Linkbase | |||
| EX-101.DEF |
XBRL Taxonomy Extension Definition Linkbase | |||
| EX-101.LAB |
XBRL Taxonomy Extension Labels Linkbase | |||
| EX-101.PRE |
XBRL Taxonomy Extension Presentation Linkbase |
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| Great-West Real Estate Index Fund | |||||||||||||||
| Investment Objective | |||||||||||||||
| The Fund seeks investment results, before fees and expenses, that track the total return of a benchmark index that measures the performance of publicly traded equity real estate investment trusts (REITs). | |||||||||||||||
| Fees and Expenses of the Fund | |||||||||||||||
| This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund. The table does not reflect the fees and expenses of any Permitted Account. If reflected, the expenses shown would be higher. | |||||||||||||||
| Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) | |||||||||||||||
|
|||||||||||||||
| Example | |||||||||||||||
| This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The Example does not reflect the fees and expenses of any Permitted Account. If reflected, the expenses in the Example would be higher. The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return each year, that all dividends and capital gains are reinvested, and that the Funds operating expenses are the amount shown in the fee table and remain the same for the years shown. Although your actual costs may be higher or lower, based on these assumptions, your costs would be: |
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|
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| Portfolio Turnover | |||||||||||||||
| The Fund pays transaction costs, such as commissions, when it buys and sells securities (or turns over its portfolio). A higher portfolio turnover rate may indicate higher transaction costs. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Funds performance. | |||||||||||||||
| Principal Investment Strategies | |||||||||||||||
| Under normal circumstances, the Fund invests at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in securities included in the Dow Jones U.S. Select REIT IndexSM (the Benchmark Index). The Benchmark Index is a market capitalization-weighted index of publicly traded equity REITs. The portfolio managers may also use various techniques, such as buying and selling futures contracts, swaps, and exchange traded funds, for cash management purposes. The Funds investment objective and principal investment strategies are non-fundamental and can be changed by the Funds Board of Directors without shareholder approval. The Fund will provide 60 days prior written notice to shareholders of any change in its 80% policy as described above. |
|||||||||||||||
| Principal Investment Risks | |||||||||||||||
| The following is a summary of the principal investment risks of investing in the Fund: Market Risk - Stock markets are volatile and can decline significantly in response to adverse issuer, political, regulatory, market or economic developments in the U.S. and in other countries. Market risk may affect a single company, sector of the economy or the market as a whole. Industry Concentration Risk - Changes in real estate values or economic downturns can have a significant negative effect on issuers in the real estate industry. Because the Fund concentrates its assets in REIT stocks, industry concentration risk is high. Index Risk - It is possible the Benchmark Index may perform unfavorably and/or underperform the market as a whole. Tracking Error Risk - The Fund may not be able to precisely track the performance of the Benchmark Index. Investment Style Risk - Returns from REIT stocks which typically are small- or mid-capitalization stocks may trail returns from the overall stock market. Interest Rate Risk - REIT stock prices overall may decline because of rising interest rates. Interest rate risk is high for the Fund. Derivative Risk - Using derivatives can disproportionately increase losses and reduce opportunities for gains when stock prices, currency rates or interest rates are changing. The Fund may not fully benefit from or may lose money on derivatives if changes in their value do not correspond accurately to changes in the value of the Funds holdings. The other parties to certain derivative contracts present the same types of credit risk as issuers of fixed income securities. Derivatives can also make a fund less liquid and harder to value, especially in declining markets. Exchange-Traded Funds (ETFs) Risk - An ETF is subject to the risks associated with direct ownership of the securities comprising the index on which the ETF is based. Fund shareholders indirectly bear their proportionate share of the expenses of the ETFs in which the Fund invests. Lack of liquidity in an ETF could result in it being more volatile. Non-Diversification Risk - The Fund is classified as non-diversified, which means a relatively high percentage of its assets may be invested in securities of a limited number of issuers. Management Risk - A strategy used by the portfolio managers may fail to produce the intended results. An investment in the Fund is not a deposit with a bank, is not insured, endorsed or guaranteed by the FDIC or any government agency, and is subject to possible loss of your original investment. |
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| Performance | |||||||||||||||
| No performance data is provided because the Fund had not commenced operations as of the date of this Prospectus. The information will appear in a future version of this Prospectus after the Fund has annual returns for one complete calendar year. |
| Label | Element | Value |
|---|---|---|
| Risk/Return: | rr_RiskReturnAbstract | |
| Registrant Name | dei_EntityRegistrantName | GREAT-WEST FUNDS INC |
| Prospectus Date | rr_ProspectusDate | Oct. 30, 2012 |
| Document Creation Date | dei_DocumentCreationDate | Oct. 30, 2012 |
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|
Document and Entity Information
|
12 Months Ended |
|---|---|
|
Oct. 30, 2012
|
|
| Risk/Return: | |
| Document Type | 485BPOS |
| Document Period End Date | Oct. 30, 2012 |
| Registrant Name | GREAT-WEST FUNDS INC |
| Central Index Key | 0000356476 |
| Amendment Flag | false |
| Document Creation Date | Oct. 30, 2012 |
| Document Effective Date | Oct. 30, 2012 |
| Prospectus Date | Oct. 30, 2012 |
| Label | Element | Value |
|---|---|---|
| Risk/Return: | rr_RiskReturnAbstract | |
| Registrant Name | dei_EntityRegistrantName | GREAT-WEST FUNDS INC |
| Prospectus Date | rr_ProspectusDate | Oct. 30, 2012 |
|
Great-West Real Estate Index Fund
|
||
| Risk/Return: | rr_RiskReturnAbstract | |
| Risk/Return [Heading] | rr_RiskReturnHeading | |
| Objective [Heading] | rr_ObjectiveHeading | Investment Objective |
| Objective, Primary [Text Block] | rr_ObjectivePrimaryTextBlock | The Fund seeks investment results, before fees and expenses, that track the total return of a benchmark index that measures the performance of publicly traded equity real estate investment trusts (REITs). |
| Expense [Heading] | rr_ExpenseHeading | Fees and Expenses of the Fund |
| Expense Narrative [Text Block] | rr_ExpenseNarrativeTextBlock | This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund. The table does not reflect the fees and expenses of any Permitted Account. If reflected, the expenses shown would be higher. |
| Operating Expenses Caption [Text] | rr_OperatingExpensesCaption | Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) |
| Portfolio Turnover [Heading] | rr_PortfolioTurnoverHeading | Portfolio Turnover |
| Portfolio Turnover [Text Block] | rr_PortfolioTurnoverTextBlock | The Fund pays transaction costs, such as commissions, when it buys and sells securities (or turns over its portfolio). A higher portfolio turnover rate may indicate higher transaction costs. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Funds performance. |
| Expense Example [Heading] | rr_ExpenseExampleHeading | Example |
| Expense Example Narrative [Text Block] | rr_ExpenseExampleNarrativeTextBlock | This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The Example does not reflect the fees and expenses of any Permitted Account. If reflected, the expenses in the Example would be higher. The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return each year, that all dividends and capital gains are reinvested, and that the Funds operating expenses are the amount shown in the fee table and remain the same for the years shown. Although your actual costs may be higher or lower, based on these assumptions, your costs would be: |
| Strategy [Heading] | rr_StrategyHeading | Principal Investment Strategies |
| Strategy Narrative [Text Block] | rr_StrategyNarrativeTextBlock | Under normal circumstances, the Fund invests at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in securities included in the Dow Jones U.S. Select REIT IndexSM (the Benchmark Index). The Benchmark Index is a market capitalization-weighted index of publicly traded equity REITs. The portfolio managers may also use various techniques, such as buying and selling futures contracts, swaps, and exchange traded funds, for cash management purposes. The Funds investment objective and principal investment strategies are non-fundamental and can be changed by the Funds Board of Directors without shareholder approval. The Fund will provide 60 days prior written notice to shareholders of any change in its 80% policy as described above. |
| Risk [Heading] | rr_RiskHeading | Principal Investment Risks |
| Risk Narrative [Text Block] | rr_RiskNarrativeTextBlock | The following is a summary of the principal investment risks of investing in the Fund: Market Risk - Stock markets are volatile and can decline significantly in response to adverse issuer, political, regulatory, market or economic developments in the U.S. and in other countries. Market risk may affect a single company, sector of the economy or the market as a whole. Industry Concentration Risk - Changes in real estate values or economic downturns can have a significant negative effect on issuers in the real estate industry. Because the Fund concentrates its assets in REIT stocks, industry concentration risk is high. Index Risk - It is possible the Benchmark Index may perform unfavorably and/or underperform the market as a whole. Tracking Error Risk - The Fund may not be able to precisely track the performance of the Benchmark Index. Investment Style Risk - Returns from REIT stocks which typically are small- or mid-capitalization stocks may trail returns from the overall stock market. Interest Rate Risk - REIT stock prices overall may decline because of rising interest rates. Interest rate risk is high for the Fund. Derivative Risk - Using derivatives can disproportionately increase losses and reduce opportunities for gains when stock prices, currency rates or interest rates are changing. The Fund may not fully benefit from or may lose money on derivatives if changes in their value do not correspond accurately to changes in the value of the Funds holdings. The other parties to certain derivative contracts present the same types of credit risk as issuers of fixed income securities. Derivatives can also make a fund less liquid and harder to value, especially in declining markets. Exchange-Traded Funds (ETFs) Risk - An ETF is subject to the risks associated with direct ownership of the securities comprising the index on which the ETF is based. Fund shareholders indirectly bear their proportionate share of the expenses of the ETFs in which the Fund invests. Lack of liquidity in an ETF could result in it being more volatile. Non-Diversification Risk - The Fund is classified as non-diversified, which means a relatively high percentage of its assets may be invested in securities of a limited number of issuers. Management Risk - A strategy used by the portfolio managers may fail to produce the intended results. An investment in the Fund is not a deposit with a bank, is not insured, endorsed or guaranteed by the FDIC or any government agency, and is subject to possible loss of your original investment. |
| Risk Lose Money [Text] | rr_RiskLoseMoney | is subject to possible loss of your original investment. |
| Risk Nondiversified Status [Text] | rr_RiskNondiversifiedStatus | Non-Diversification Risk - The Fund is classified as non-diversified, which means a relatively high percentage of its assets may be invested in securities of a limited number of issuers. |
| Risk Not Insured Depository Institution [Text] | rr_RiskNotInsuredDepositoryInstitution | An investment in the Fund is not a deposit with a bank, is not insured, endorsed or guaranteed by the FDIC or any government agency |
| Bar Chart and Performance Table [Heading] | rr_BarChartAndPerformanceTableHeading | Performance |
| Performance Narrative [Text Block] | rr_PerformanceNarrativeTextBlock | No performance data is provided because the Fund had not commenced operations as of the date of this Prospectus. The information will appear in a future version of this Prospectus after the Fund has annual returns for one complete calendar year. |
| Performance One Year or Less [Text] | rr_PerformanceOneYearOrLess | No performance data is provided because the Fund had not commenced operations as of the date of this Prospectus. The information will appear in a future version of this Prospectus after the Fund has annual returns for one complete calendar year. |
|
Great-West Real Estate Index Fund | Initial Class
|
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| Risk/Return: | rr_RiskReturnAbstract | |
| Management Fees | rr_ManagementFeesOverAssets | 0.70% |
| Distribution and Service (12b-1) Fees | rr_DistributionAndService12b1FeesOverAssets | none |
| Other Expenses | rr_OtherExpensesOverAssets | none |
| Total Annual Fund Operating Expenses | rr_ExpensesOverAssets | 0.70% |
| 1 Year | rr_ExpenseExampleYear01 | 72 |
| 3 Years | rr_ExpenseExampleYear03 | 224 |
|
Great-West Real Estate Index Fund | Class L
|
||
| Risk/Return: | rr_RiskReturnAbstract | |
| Management Fees | rr_ManagementFeesOverAssets | 0.70% |
| Distribution and Service (12b-1) Fees | rr_DistributionAndService12b1FeesOverAssets | 0.25% |
| Other Expenses | rr_OtherExpensesOverAssets | none |
| Total Annual Fund Operating Expenses | rr_ExpensesOverAssets | 0.95% |
| 1 Year | rr_ExpenseExampleYear01 | 97 |
| 3 Years | rr_ExpenseExampleYear03 | 303 |