NPORT-EX 2 edgar.htm NPORT-EX
GREAT-WEST FUNDS, INC.
GREAT-WEST LIFETIME 2015 FUND
Schedule of Investments
As of March 31, 2020 (Unaudited)
Shares   Fair Value
BOND MUTUAL FUNDS
6,629,023 Great-West Bond Index Fund Institutional Class(a) $ 67,947,488
3,347,940 Great-West Core Bond Fund Institutional Class(a)  33,680,275
4,105,287 Great-West Global Bond Fund Institutional Class(a)  35,305,470
2,596,754 Great-West High Yield Bond Fund Institutional Class(a)  21,812,730
8,200,595 Great-West Inflation-Protected Securities Fund Institutional Class(a)  79,463,769
3,123,754 Great-West Multi-Sector Bond Fund Institutional Class(a)  27,926,358
3,143,257 Great-West Short Duration Bond Fund Institutional Class(a)  30,269,568
     
TOTAL BOND MUTUAL FUNDS — 44.96%
(Cost $300,896,414) 		$296,405,658
EQUITY MUTUAL FUNDS
505,263 American Century Real Estate Fund Class R6 11,509,901
971,289 DFA International Real Estate Securities Portfolio Institutional Class 3,253,818
300,994 Great-West Ariel Mid Cap Value Fund Institutional Class(a) 2,591,561
1,247,577 Great-West Emerging Markets Equity Fund Institutional Class(a) 8,982,554
1,913,248 Great-West International Growth Fund Institutional Class(a) 14,712,875
4,198,401 Great-West International Index Fund Institutional Class(a) 32,789,512
2,765,519 Great-West International Value Fund Institutional Class(a) 17,920,564
2,902,498 Great-West Large Cap Growth Fund Institutional Class(a) 25,251,735
5,603,086 Great-West Large Cap Value Fund Institutional Class(a) 30,312,694
1,180,276 Great-West Loomis Sayles Small Cap Value Fund Institutional Class(a) 6,149,240
Shares   Fair Value
Equity Mutual Funds — (continued)
1,716,899 Great-West Mid Cap Value Fund Institutional Class(a) $ 10,541,757
1,737,849 Great-West Real Estate Index Fund Institutional Class(a)  11,504,562
7,103,463 Great-West S&P 500® Index Fund Institutional Class(a)  55,478,048
3,857,585 Great-West S&P Mid Cap 400® Index Fund Institutional Class(a)  24,187,056
2,127,785 Great-West S&P SmallCap 600® Index Fund Institutional Class(a)  11,383,648
129,555 Great-West Small Cap Growth Fund Institutional Class(a)   1,042,914
1,701,758 Great-West T. Rowe Price Mid Cap Growth Fund Institutional Class(a)  10,840,196
360,329 Invesco Global Real Estate Fund Class R6 3,232,150
185,346 Janus Henderson Triton Fund Class N 4,231,460
970,376 Northern Emerging Markets Equity Index Fund 8,975,977
     
TOTAL EQUITY MUTUAL FUNDS — 44.73%
(Cost $367,414,902) 		$294,892,222
Account Balance    
FIXED INTEREST CONTRACT
68,285,982(b) Great-West Life & Annuity Contract(a) 1.50%(c) 68,285,982
     
TOTAL FIXED INTEREST CONTRACT — 10.36%
(Cost $68,285,982) 		$68,285,982
TOTAL INVESTMENTS — 100.05%
(Cost $736,597,298) 		$659,583,862
OTHER ASSETS & LIABILITIES, NET — (0.05)% $(313,868)
TOTAL NET ASSETS — 100.00% $659,269,994
 
(a)  Issuer is considered an affiliate of the Fund, see Notes to Schedule of Investments.
(b)  Account Balance and Cost represent net deposits and approximate fair value.
(c)  Adjustable rate security; interest rate is subject to change. Interest rate shown reflects the rate in effect at March 31, 2020.
See Notes to Schedule of Investments.
March 31, 2020

 

GREAT-WEST FUNDS, INC.
GREAT-WEST LIFETIME 2020 FUND
Schedule of Investments
As of March 31, 2020 (Unaudited)
Shares   Fair Value
BOND MUTUAL FUNDS
2,397,121 Great-West Bond Index Fund Institutional Class(a) $ 24,570,485
1,208,790 Great-West Core Bond Fund Institutional Class(a)  12,160,428
1,387,712 Great-West Global Bond Fund Institutional Class(a)  11,934,326
897,492 Great-West High Yield Bond Fund Institutional Class(a)   7,538,929
2,167,332 Great-West Inflation-Protected Securities Fund Institutional Class(a)  21,001,450
1,119,109 Great-West Multi-Sector Bond Fund Institutional Class(a)  10,004,835
866,102 Great-West Short Duration Bond Fund Institutional Class(a)   8,340,567
     
TOTAL BOND MUTUAL FUNDS — 41.73%
(Cost $96,546,041) 		$95,551,020
EQUITY MUTUAL FUNDS
177,013 American Century Real Estate Fund Class R6 4,032,349
347,802 DFA International Real Estate Securities Portfolio Institutional Class 1,165,137
114,772 Great-West Ariel Mid Cap Value Fund Institutional Class(a) 988,188
530,326 Great-West Emerging Markets Equity Fund Institutional Class(a) 3,818,345
771,565 Great-West International Growth Fund Institutional Class(a) 5,933,330
1,691,276 Great-West International Index Fund Institutional Class(a) 13,208,868
1,115,116 Great-West International Value Fund Institutional Class(a) 7,225,952
1,098,482 Great-West Large Cap Growth Fund Institutional Class(a) 9,556,794
2,146,089 Great-West Large Cap Value Fund Institutional Class(a) 11,610,343
498,731 Great-West Loomis Sayles Small Cap Value Fund Institutional Class(a) 2,598,390
Shares   Fair Value
Equity Mutual Funds — (continued)
655,012 Great-West Mid Cap Value Fund Institutional Class(a) $  4,021,776
608,213 Great-West Real Estate Index Fund Institutional Class(a)   4,026,369
2,707,838 Great-West S&P 500® Index Fund Institutional Class(a)  21,148,215
1,467,222 Great-West S&P Mid Cap 400® Index Fund Institutional Class(a)   9,199,479
893,337 Great-West S&P SmallCap 600® Index Fund Institutional Class(a)   4,779,351
56,455 Great-West Small Cap Growth Fund Institutional Class(a)     454,463
646,471 Great-West T. Rowe Price Mid Cap Growth Fund Institutional Class(a)   4,118,021
129,938 Invesco Global Real Estate Fund Class R6 1,165,545
77,434 Janus Henderson Triton Fund Class N 1,767,828
415,963 Northern Emerging Markets Equity Index Fund 3,847,660
     
TOTAL EQUITY MUTUAL FUNDS — 50.08%
(Cost $143,576,184) 		$114,666,403
Account Balance    
FIXED INTEREST CONTRACT
18,872,257(b) Great-West Life & Annuity Contract(a) 1.50%(c) 18,872,257
     
TOTAL FIXED INTEREST CONTRACT — 8.24%
(Cost $18,872,257) 		$18,872,257
TOTAL INVESTMENTS — 100.05%
(Cost $258,994,482) 		$229,089,680
OTHER ASSETS & LIABILITIES, NET — (0.05)% $(112,280)
TOTAL NET ASSETS — 100.00% $228,977,400
 
(a)  Issuer is considered an affiliate of the Fund, see Notes to Schedule of Investments.
(b)  Account Balance and Cost represent net deposits and approximate fair value.
(c)  Adjustable rate security; interest rate is subject to change. Interest rate shown reflects the rate in effect at March 31, 2020.
See Notes to Schedule of Investments.
March 31, 2020

 

GREAT-WEST FUNDS, INC.
GREAT-WEST LIFETIME 2025 FUND
Schedule of Investments
As of March 31, 2020 (Unaudited)
Shares   Fair Value
BOND MUTUAL FUNDS
13,076,934 Great-West Bond Index Fund Institutional Class(a) $  134,038,576
6,598,383 Great-West Core Bond Fund Institutional Class(a)    66,379,734
7,176,651 Great-West Global Bond Fund Institutional Class(a)    61,719,199
4,768,959 Great-West High Yield Bond Fund Institutional Class(a)    40,059,255
8,570,660 Great-West Inflation-Protected Securities Fund Institutional Class(a)    83,049,691
6,094,293 Great-West Multi-Sector Bond Fund Institutional Class(a)    54,482,982
3,623,178 Great-West Short Duration Bond Fund Institutional Class(a)    34,891,205
     
TOTAL BOND MUTUAL FUNDS — 36.54%
(Cost $480,157,339) 		$474,620,642
EQUITY MUTUAL FUNDS
1,005,660 American Century Real Estate Fund Class R6 22,908,942
2,095,003 DFA International Real Estate Securities Portfolio Institutional Class 7,018,259
742,834 Great-West Ariel Mid Cap Value Fund Institutional Class(a) 6,395,797
3,768,951 Great-West Emerging Markets Equity Fund Institutional Class(a) 27,136,450
5,203,144 Great-West International Growth Fund Institutional Class(a) 40,012,181
11,405,234 Great-West International Index Fund Institutional Class(a) 89,074,879
7,521,122 Great-West International Value Fund Institutional Class(a) 48,736,871
6,972,799 Great-West Large Cap Growth Fund Institutional Class(a) 60,663,348
13,756,101 Great-West Large Cap Value Fund Institutional Class(a) 74,420,507
3,472,060 Great-West Loomis Sayles Small Cap Value Fund Institutional Class(a) 18,089,431
Shares   Fair Value
Equity Mutual Funds — (continued)
4,211,103 Great-West Mid Cap Value Fund Institutional Class(a) $   25,856,174
3,456,473 Great-West Real Estate Index Fund Institutional Class(a)    22,881,848
17,302,069 Great-West S&P 500® Index Fund Institutional Class(a)   135,129,161
9,366,876 Great-West S&P Mid Cap 400® Index Fund Institutional Class(a)    58,730,312
6,272,269 Great-West S&P SmallCap 600® Index Fund Institutional Class(a)    33,556,640
386,860 Great-West Small Cap Growth Fund Institutional Class(a)     3,114,221
4,102,764 Great-West T. Rowe Price Mid Cap Growth Fund Institutional Class(a)    26,134,603
779,828 Invesco Global Real Estate Fund Class R6 6,995,060
545,274 Janus Henderson Triton Fund Class N 12,448,611
2,934,936 Northern Emerging Markets Equity Index Fund 27,148,154
     
TOTAL EQUITY MUTUAL FUNDS — 57.47%
(Cost $935,907,206) 		$746,451,449
Account Balance    
FIXED INTEREST CONTRACT
78,501,996(b) Great-West Life & Annuity Contract(a) 1.50%(c) 78,501,996
     
TOTAL FIXED INTEREST CONTRACT — 6.04%
(Cost $78,501,996) 		$78,501,996
TOTAL INVESTMENTS — 100.05%
(Cost $1,494,566,541) 		$1,299,574,087
OTHER ASSETS & LIABILITIES, NET — (0.05)% $(600,977)
TOTAL NET ASSETS — 100.00% $1,298,973,110
 
(a)  Issuer is considered an affiliate of the Fund, see Notes to Schedule of Investments.
(b)  Account Balance and Cost represent net deposits and approximate fair value.
(c)  Adjustable rate security; interest rate is subject to change. Interest rate shown reflects the rate in effect at March 31, 2020.
See Notes to Schedule of Investments.
March 31, 2020

 

GREAT-WEST FUNDS, INC.
GREAT-WEST LIFETIME 2030 FUND
Schedule of Investments
As of March 31, 2020 (Unaudited)
Shares   Fair Value
BOND MUTUAL FUNDS
1,984,673 Great-West Bond Index Fund Institutional Class(a) $ 20,342,901
1,000,635 Great-West Core Bond Fund Institutional Class(a)  10,066,388
1,044,990 Great-West Global Bond Fund Institutional Class(a)   8,986,916
692,825 Great-West High Yield Bond Fund Institutional Class(a)   5,819,732
919,629 Great-West Inflation-Protected Securities Fund Institutional Class(a)   8,911,206
915,613 Great-West Multi-Sector Bond Fund Institutional Class(a)   8,185,580
416,809 Great-West Short Duration Bond Fund Institutional Class(a)   4,013,870
     
TOTAL BOND MUTUAL FUNDS — 29.04%
(Cost $67,010,950) 		$66,326,593
EQUITY MUTUAL FUNDS
177,135 American Century Real Estate Fund Class R6 4,035,125
388,320 DFA International Real Estate Securities Portfolio Institutional Class 1,300,871
148,173 Great-West Ariel Mid Cap Value Fund Institutional Class(a) 1,275,765
837,549 Great-West Emerging Markets Equity Fund Institutional Class(a) 6,030,351
1,103,871 Great-West International Growth Fund Institutional Class(a) 8,488,769
2,420,360 Great-West International Index Fund Institutional Class(a) 18,903,013
1,591,782 Great-West International Value Fund Institutional Class(a) 10,314,745
1,395,584 Great-West Large Cap Growth Fund Institutional Class(a) 12,141,583
2,777,598 Great-West Large Cap Value Fund Institutional Class(a) 15,026,808
761,055 Great-West Loomis Sayles Small Cap Value Fund Institutional Class(a) 3,965,099
Shares   Fair Value
Equity Mutual Funds — (continued)
849,196 Great-West Mid Cap Value Fund Institutional Class(a) $  5,214,066
609,033 Great-West Real Estate Index Fund Institutional Class(a)   4,031,797
3,474,447 Great-West S&P 500® Index Fund Institutional Class(a)  27,135,428
1,890,527 Great-West S&P Mid Cap 400® Index Fund Institutional Class(a)  11,853,603
1,375,550 Great-West S&P SmallCap 600® Index Fund Institutional Class(a)   7,359,194
85,197 Great-West Small Cap Growth Fund Institutional Class(a)     685,836
820,722 Great-West T. Rowe Price Mid Cap Growth Fund Institutional Class(a)   5,228,000
144,131 Invesco Global Real Estate Fund Class R6 1,292,856
118,992 Janus Henderson Triton Fund Class N 2,716,590
655,120 Northern Emerging Markets Equity Index Fund 6,059,859
     
TOTAL EQUITY MUTUAL FUNDS — 67.02%
(Cost $197,104,917) 		$153,059,358
Account Balance    
FIXED INTEREST CONTRACT
9,113,073(b) Great-West Life & Annuity Contract(a) 1.50%(c) 9,113,073
     
TOTAL FIXED INTEREST CONTRACT — 3.99%
(Cost $9,113,073) 		$9,113,073
TOTAL INVESTMENTS — 100.05%
(Cost $273,228,940) 		$228,499,024
OTHER ASSETS & LIABILITIES, NET — (0.05)% $(105,984)
TOTAL NET ASSETS — 100.00% $228,393,040
 
(a)  Issuer is considered an affiliate of the Fund, see Notes to Schedule of Investments.
(b)  Account Balance and Cost represent net deposits and approximate fair value.
(c)  Adjustable rate security; interest rate is subject to change. Interest rate shown reflects the rate in effect at March 31, 2020.
See Notes to Schedule of Investments.
March 31, 2020

 

GREAT-WEST FUNDS, INC.
GREAT-WEST LIFETIME 2035 FUND
Schedule of Investments
As of March 31, 2020 (Unaudited)
Shares   Fair Value
BOND MUTUAL FUNDS
7,468,635 Great-West Bond Index Fund Institutional Class(a) $   76,553,508
3,770,351 Great-West Core Bond Fund Institutional Class(a)    37,929,735
3,802,327 Great-West Global Bond Fund Institutional Class(a)    32,700,013
2,579,390 Great-West High Yield Bond Fund Institutional Class(a)    21,666,875
2,290,638 Great-West Inflation-Protected Securities Fund Institutional Class(a)    22,196,281
3,437,518 Great-West Multi-Sector Bond Fund Institutional Class(a)    30,731,412
1,174,736 Great-West Short Duration Bond Fund Institutional Class(a)    11,312,705
     
TOTAL BOND MUTUAL FUNDS — 19.88%
(Cost $235,671,626) 		$233,090,529
EQUITY MUTUAL FUNDS
914,007 American Century Real Estate Fund Class R6 20,821,086
2,091,199 DFA International Real Estate Securities Portfolio Institutional Class 7,005,515
869,139 Great-West Ariel Mid Cap Value Fund Institutional Class(a) 7,483,286
5,417,135 Great-West Emerging Markets Equity Fund Institutional Class(a) 39,003,369
6,809,318 Great-West International Growth Fund Institutional Class(a) 52,363,653
14,908,138 Great-West International Index Fund Institutional Class(a) 116,432,561
9,821,964 Great-West International Value Fund Institutional Class(a) 63,646,330
8,084,827 Great-West Large Cap Growth Fund Institutional Class(a) 70,337,994
16,318,136 Great-West Large Cap Value Fund Institutional Class(a) 88,281,117
4,846,399 Great-West Loomis Sayles Small Cap Value Fund Institutional Class(a) 25,249,739
Shares   Fair Value
Equity Mutual Funds — (continued)
4,998,135 Great-West Mid Cap Value Fund Institutional Class(a) $   30,688,548
3,144,048 Great-West Real Estate Index Fund Institutional Class(a)    20,813,601
20,315,639 Great-West S&P 500® Index Fund Institutional Class(a)   158,665,140
11,016,181 Great-West S&P Mid Cap 400® Index Fund Institutional Class(a)    69,071,452
8,719,072 Great-West S&P SmallCap 600® Index Fund Institutional Class(a)    46,647,035
539,334 Great-West Small Cap Growth Fund Institutional Class(a)     4,341,641
4,761,134 Great-West T. Rowe Price Mid Cap Growth Fund Institutional Class(a)    30,328,421
779,217 Invesco Global Real Estate Fund Class R6 6,989,575
755,438 Janus Henderson Triton Fund Class N 17,246,647
4,218,416 Northern Emerging Markets Equity Index Fund 39,020,354
     
TOTAL EQUITY MUTUAL FUNDS — 78.00%
(Cost $1,173,871,967) 		$914,437,064
Account Balance    
FIXED INTEREST CONTRACT
25,472,275(b) Great-West Life & Annuity Contract(a) 1.50%(c) 25,472,275
     
TOTAL FIXED INTEREST CONTRACT — 2.17%
(Cost $25,472,275) 		$25,472,275
TOTAL INVESTMENTS — 100.05%
(Cost $1,435,015,868) 		$1,172,999,868
OTHER ASSETS & LIABILITIES, NET — (0.05)% $(554,479)
TOTAL NET ASSETS — 100.00% $1,172,445,389
 
(a)  Issuer is considered an affiliate of the Fund, see Notes to Schedule of Investments.
(b)  Account Balance and Cost represent net deposits and approximate fair value.
(c)  Adjustable rate security; interest rate is subject to change. Interest rate shown reflects the rate in effect at March 31, 2020.
See Notes to Schedule of Investments.
March 31, 2020

 

GREAT-WEST FUNDS, INC.
GREAT-WEST LIFETIME 2040 FUND
Schedule of Investments
As of March 31, 2020 (Unaudited)
Shares   Fair Value
BOND MUTUAL FUNDS
680,684 Great-West Bond Index Fund Institutional Class(a) $  6,977,007
343,823 Great-West Core Bond Fund Institutional Class(a)   3,458,857
337,871 Great-West Global Bond Fund Institutional Class(a)   2,905,694
229,636 Great-West High Yield Bond Fund Institutional Class(a)   1,928,945
123,099 Great-West Inflation-Protected Securities Fund Institutional Class(a)   1,192,830
314,695 Great-West Multi-Sector Bond Fund Institutional Class(a)   2,813,375
77,062 Great-West Short Duration Bond Fund Institutional Class(a)     742,101
     
TOTAL BOND MUTUAL FUNDS — 12.81%
(Cost $20,263,739) 		$20,018,809
EQUITY MUTUAL FUNDS
121,556 American Century Real Estate Fund Class R6 2,769,037
287,265 DFA International Real Estate Securities Portfolio Institutional Class 962,339
125,428 Great-West Ariel Mid Cap Value Fund Institutional Class(a) 1,079,933
862,412 Great-West Emerging Markets Equity Fund Institutional Class(a) 6,209,365
1,026,943 Great-West International Growth Fund Institutional Class(a) 7,897,190
2,246,481 Great-West International Index Fund Institutional Class(a) 17,545,021
1,482,653 Great-West International Value Fund Institutional Class(a) 9,607,595
1,157,342 Great-West Large Cap Growth Fund Institutional Class(a) 10,068,872
2,353,953 Great-West Large Cap Value Fund Institutional Class(a) 12,734,886
749,968 Great-West Loomis Sayles Small Cap Value Fund Institutional Class(a) 3,907,331
Shares   Fair Value
Equity Mutual Funds — (continued)
716,862 Great-West Mid Cap Value Fund Institutional Class(a) $  4,401,533
416,920 Great-West Real Estate Index Fund Institutional Class(a)   2,760,011
2,918,162 Great-West S&P 500® Index Fund Institutional Class(a)  22,790,848
1,575,748 Great-West S&P Mid Cap 400® Index Fund Institutional Class(a)   9,879,939
1,350,703 Great-West S&P SmallCap 600® Index Fund Institutional Class(a)   7,226,259
82,707 Great-West Small Cap Growth Fund Institutional Class(a)     665,790
679,045 Great-West T. Rowe Price Mid Cap Growth Fund Institutional Class(a)   4,325,519
107,447 Invesco Global Real Estate Fund Class R6 963,805
116,705 Janus Henderson Triton Fund Class N 2,664,385
673,694 Northern Emerging Markets Equity Index Fund 6,231,666
     
TOTAL EQUITY MUTUAL FUNDS — 86.16%
(Cost $175,960,619) 		$134,691,324
Account Balance    
FIXED INTEREST CONTRACT
1,685,889(b) Great-West Life & Annuity Contract(a) 1.50%(c) 1,685,889
     
TOTAL FIXED INTEREST CONTRACT — 1.08%
(Cost $1,685,889) 		$1,685,889
TOTAL INVESTMENTS — 100.05%
(Cost $197,910,247) 		$156,396,022
OTHER ASSETS & LIABILITIES, NET — (0.05)% $(76,051)
TOTAL NET ASSETS — 100.00% $156,319,971
 
(a)  Issuer is considered an affiliate of the Fund, see Notes to Schedule of Investments.
(b)  Account Balance and Cost represent net deposits and approximate fair value.
(c)  Adjustable rate security; interest rate is subject to change. Interest rate shown reflects the rate in effect at March 31, 2020.
See Notes to Schedule of Investments.
March 31, 2020

 

GREAT-WEST FUNDS, INC.
GREAT-WEST LIFETIME 2045 FUND
Schedule of Investments
As of March 31, 2020 (Unaudited)
Shares   Fair Value
BOND MUTUAL FUNDS
2,050,154 Great-West Bond Index Fund Institutional Class(a) $ 21,014,079
1,037,073 Great-West Core Bond Fund Institutional Class(a)  10,432,949
989,033 Great-West Global Bond Fund Institutional Class(a)   8,505,681
675,101 Great-West High Yield Bond Fund Institutional Class(a)   5,670,851
151,599 Great-West Inflation-Protected Securities Fund Institutional Class(a)   1,468,994
935,288 Great-West Multi-Sector Bond Fund Institutional Class(a)   8,361,475
154,526 Great-West Short Duration Bond Fund Institutional Class(a)   1,488,090
     
TOTAL BOND MUTUAL FUNDS — 8.39%
(Cost $57,428,764) 		$56,942,119
EQUITY MUTUAL FUNDS
526,791 American Century Real Estate Fund Class R6 12,000,302
1,313,807 DFA International Real Estate Securities Portfolio Institutional Class 4,401,253
560,503 Great-West Ariel Mid Cap Value Fund Institutional Class(a) 4,825,929
4,240,306 Great-West Emerging Markets Equity Fund Institutional Class(a) 30,530,200
4,826,020 Great-West International Growth Fund Institutional Class(a) 37,112,093
10,556,280 Great-West International Index Fund Institutional Class(a) 82,444,546
6,967,767 Great-West International Value Fund Institutional Class(a) 45,151,133
5,113,026 Great-West Large Cap Growth Fund Institutional Class(a) 44,483,327
10,522,386 Great-West Large Cap Value Fund Institutional Class(a) 56,926,107
3,601,816 Great-West Loomis Sayles Small Cap Value Fund Institutional Class(a) 18,765,464
Shares   Fair Value
Equity Mutual Funds — (continued)
3,207,744 Great-West Mid Cap Value Fund Institutional Class(a) $ 19,695,550
1,810,170 Great-West Real Estate Index Fund Institutional Class(a)  11,983,324
12,985,476 Great-West S&P 500® Index Fund Institutional Class(a) 101,416,564
7,016,836 Great-West S&P Mid Cap 400® Index Fund Institutional Class(a)  43,995,565
6,473,779 Great-West S&P SmallCap 600® Index Fund Institutional Class(a)  34,634,720
393,739 Great-West Small Cap Growth Fund Institutional Class(a)   3,169,601
2,998,373 Great-West T. Rowe Price Mid Cap Growth Fund Institutional Class(a)  19,099,635
490,400 Invesco Global Real Estate Fund Class R6 4,398,887
560,476 Janus Henderson Triton Fund Class N 12,795,657
3,299,256 Northern Emerging Markets Equity Index Fund 30,518,115
     
TOTAL EQUITY MUTUAL FUNDS — 91.15%
(Cost $804,155,845) 		$618,347,972
Account Balance    
FIXED INTEREST CONTRACT
3,451,331(b) Great-West Life & Annuity Contract(a) 1.50%(c) 3,451,331
     
TOTAL FIXED INTEREST CONTRACT — 0.51%
(Cost $3,451,331) 		$3,451,331
TOTAL INVESTMENTS — 100.05%
(Cost $865,035,940) 		$678,741,422
OTHER ASSETS & LIABILITIES, NET — (0.05)% $(319,187)
TOTAL NET ASSETS — 100.00% $678,422,235
 
(a)  Issuer is considered an affiliate of the Fund, see Notes to Schedule of Investments.
(b)  Account Balance and Cost represent net deposits and approximate fair value.
(c)  Adjustable rate security; interest rate is subject to change. Interest rate shown reflects the rate in effect at March 31, 2020.
See Notes to Schedule of Investments.
March 31, 2020

 

GREAT-WEST FUNDS, INC.
GREAT-WEST LIFETIME 2050 FUND
Schedule of Investments
As of March 31, 2020 (Unaudited)
Shares   Fair Value
BOND MUTUAL FUNDS
216,811 Great-West Bond Index Fund Institutional Class(a) $ 2,222,309
108,843 Great-West Core Bond Fund Institutional Class(a)  1,094,957
104,720 Great-West Global Bond Fund Institutional Class(a)    900,590
70,244 Great-West High Yield Bond Fund Institutional Class(a)    590,051
98,266 Great-West Multi-Sector Bond Fund Institutional Class(a)    878,499
11,543 Great-West Short Duration Bond Fund Institutional Class(a)    111,162
     
TOTAL BOND MUTUAL FUNDS — 7.09%
(Cost $5,841,029) 		$5,797,568
EQUITY MUTUAL FUNDS
63,074 American Century Real Estate Fund Class R6 1,436,828
164,132 DFA International Real Estate Securities Portfolio Institutional Class 549,844
67,419 Great-West Ariel Mid Cap Value Fund Institutional Class(a) 580,478
555,528 Great-West Emerging Markets Equity Fund Institutional Class(a) 3,999,800
600,300 Great-West International Growth Fund Institutional Class(a) 4,616,304
1,315,796 Great-West International Index Fund Institutional Class(a) 10,276,369
869,630 Great-West International Value Fund Institutional Class(a) 5,635,199
603,449 Great-West Large Cap Growth Fund Institutional Class(a) 5,250,009
1,249,764 Great-West Large Cap Value Fund Institutional Class(a) 6,761,222
454,845 Great-West Loomis Sayles Small Cap Value Fund Institutional Class(a) 2,369,744
380,524 Great-West Mid Cap Value Fund Institutional Class(a) 2,336,417
Shares   Fair Value
Equity Mutual Funds — (continued)
216,709 Great-West Real Estate Index Fund Institutional Class(a) $ 1,434,616
1,539,074 Great-West S&P 500® Index Fund Institutional Class(a) 12,020,164
827,323 Great-West S&P Mid Cap 400® Index Fund Institutional Class(a)  5,187,317
820,868 Great-West S&P SmallCap 600® Index Fund Institutional Class(a)  4,391,643
50,279 Great-West Small Cap Growth Fund Institutional Class(a)    404,746
354,002 Great-West T. Rowe Price Mid Cap Growth Fund Institutional Class(a)  2,254,993
61,292 Invesco Global Real Estate Fund Class R6    549,790
70,820 Janus Henderson Triton Fund Class N 1,616,819
436,158 Northern Emerging Markets Equity Index Fund 4,034,464
     
TOTAL EQUITY MUTUAL FUNDS — 92.65%
(Cost $98,945,269) 		$75,706,766
Account Balance    
FIXED INTEREST CONTRACT
247,510(b) Great-West Life & Annuity Contract(a) 1.50%(c) 247,510
     
TOTAL FIXED INTEREST CONTRACT — 0.30%
(Cost $247,510) 		$247,510
TOTAL INVESTMENTS — 100.04%
(Cost $105,033,808) 		$81,751,844
OTHER ASSETS & LIABILITIES, NET — (0.04)% $(35,319)
TOTAL NET ASSETS — 100.00% $81,716,525
 
(a)  Issuer is considered an affiliate of the Fund, see Notes to Schedule of Investments.
(b)  Account Balance and Cost represent net deposits and approximate fair value.
(c)  Adjustable rate security; interest rate is subject to change. Interest rate shown reflects the rate in effect at March 31, 2020.
See Notes to Schedule of Investments.
March 31, 2020

 

GREAT-WEST FUNDS, INC.
GREAT-WEST LIFETIME 2055 FUND
Schedule of Investments
As of March 31, 2020 (Unaudited)
Shares   Fair Value
BOND MUTUAL FUNDS
722,593 Great-West Bond Index Fund Institutional Class(a) $  7,406,578
364,199 Great-West Core Bond Fund Institutional Class(a)   3,663,845
367,146 Great-West Global Bond Fund Institutional Class(a)   3,157,455
236,251 Great-West High Yield Bond Fund Institutional Class(a)   1,984,507
329,093 Great-West Multi-Sector Bond Fund Institutional Class(a)   2,942,088
38,205 Great-West Short Duration Bond Fund Institutional Class(a)     367,916
     
TOTAL BOND MUTUAL FUNDS — 6.53%
(Cost $19,644,562) 		$19,522,389
EQUITY MUTUAL FUNDS
234,194 American Century Real Estate Fund Class R6 5,334,943
634,091 DFA International Real Estate Securities Portfolio Institutional Class 2,124,206
239,918 Great-West Ariel Mid Cap Value Fund Institutional Class(a) 2,065,694
2,155,099 Great-West Emerging Markets Equity Fund Institutional Class(a) 15,516,711
2,249,366 Great-West International Growth Fund Institutional Class(a) 17,297,625
4,923,236 Great-West International Index Fund Institutional Class(a) 38,450,474
3,247,368 Great-West International Value Fund Institutional Class(a) 21,042,948
2,128,729 Great-West Large Cap Growth Fund Institutional Class(a) 18,519,944
4,465,622 Great-West Large Cap Value Fund Institutional Class(a) 24,159,013
1,736,129 Great-West Loomis Sayles Small Cap Value Fund Institutional Class(a) 9,045,231
1,364,417 Great-West Mid Cap Value Fund Institutional Class(a) 8,377,519
Shares   Fair Value
Equity Mutual Funds — (continued)
805,372 Great-West Real Estate Index Fund Institutional Class(a) $  5,331,565
5,470,148 Great-West S&P 500® Index Fund Institutional Class(a)  42,721,856
2,957,457 Great-West S&P Mid Cap 400® Index Fund Institutional Class(a)  18,543,254
3,127,504 Great-West S&P SmallCap 600® Index Fund Institutional Class(a)  16,732,146
192,216 Great-West Small Cap Growth Fund Institutional Class(a)   1,547,339
1,250,726 Great-West T. Rowe Price Mid Cap Growth Fund Institutional Class(a)   7,967,124
236,680 Invesco Global Real Estate Fund Class R6   2,123,021
270,929 Janus Henderson Triton Fund Class N 6,185,302
1,696,105 Northern Emerging Markets Equity Index Fund 15,688,975
     
TOTAL EQUITY MUTUAL FUNDS — 93.24%
(Cost $365,750,850) 		$278,774,890
Account Balance    
FIXED INTEREST CONTRACT
823,006(b) Great-West Life & Annuity Contract(a) 1.50%(c) 823,006
     
TOTAL FIXED INTEREST CONTRACT — 0.27%
(Cost $823,006) 		$823,006
TOTAL INVESTMENTS — 100.04%
(Cost $386,218,418) 		$299,120,285
OTHER ASSETS & LIABILITIES, NET — (0.04)% $(130,747)
TOTAL NET ASSETS — 100.00% $298,989,538
 
(a)  Issuer is considered an affiliate of the Fund, see Notes to Schedule of Investments.
(b)  Account Balance and Cost represent net deposits and approximate fair value.
(c)  Adjustable rate security; interest rate is subject to change. Interest rate shown reflects the rate in effect at March 31, 2020.
See Notes to Schedule of Investments.
March 31, 2020

 

GREAT-WEST FUNDS, INC.
GREAT-WEST LIFETIME 2060 FUND
Schedule of Investments
As of March 31, 2020 (Unaudited)
Shares   Fair Value
BOND MUTUAL FUNDS
3,912 Great-West Bond Index Fund Institutional Class(a) $   40,103
1,963 Great-West Core Bond Fund Institutional Class(a)    19,743
2,111 Great-West Global Bond Fund Institutional Class(a)    18,156
1,243 Great-West High Yield Bond Fund Institutional Class(a)    10,437
1,767 Great-West Multi-Sector Bond Fund Institutional Class(a)    15,798
197 Great-West Short Duration Bond Fund Institutional Class(a)     1,895
     
TOTAL BOND MUTUAL FUNDS — 6.70%
(Cost $109,528) 		$106,132
EQUITY MUTUAL FUNDS
1,216 American Century Real Estate Fund Class R6 27,697
3,418 DFA International Real Estate Securities Portfolio Institutional Class 11,452
1,232 Great-West Ariel Mid Cap Value Fund Institutional Class(a) 10,612
12,409 Great-West Emerging Markets Equity Fund Institutional Class(a) 89,346
12,067 Great-West International Growth Fund Institutional Class(a) 92,799
26,405 Great-West International Index Fund Institutional Class(a) 206,221
17,494 Great-West International Value Fund Institutional Class(a) 113,362
10,816 Great-West Large Cap Growth Fund Institutional Class(a) 94,096
22,866 Great-West Large Cap Value Fund Institutional Class(a) 123,706
9,399 Great-West Loomis Sayles Small Cap Value Fund Institutional Class(a) 48,970
6,930 Great-West Mid Cap Value Fund Institutional Class(a) 42,548
Shares   Fair Value
Equity Mutual Funds — (continued)
4,182 Great-West Real Estate Index Fund Institutional Class(a) $   27,683
27,866 Great-West S&P 500® Index Fund Institutional Class(a)   217,635
14,908 Great-West S&P Mid Cap 400® Index Fund Institutional Class(a)    93,472
16,946 Great-West S&P SmallCap 600® Index Fund Institutional Class(a)    90,662
1,045 Great-West Small Cap Growth Fund Institutional Class(a)     8,409
6,341 Great-West T. Rowe Price Mid Cap Growth Fund Institutional Class(a)    40,394
1,276 Invesco Global Real Estate Fund Class R6    11,446
1,466 Janus Henderson Triton Fund Class N 33,463
9,665 Northern Emerging Markets Equity Index Fund 89,398
     
TOTAL EQUITY MUTUAL FUNDS — 93.06%
(Cost $1,867,052) 		$1,473,371
Account Balance    
FIXED INTEREST CONTRACT
4,573(b) Great-West Life & Annuity Contract(a) 1.50%(c) 4,573
     
TOTAL FIXED INTEREST CONTRACT — 0.29%
(Cost $4,573) 		$4,573
TOTAL INVESTMENTS — 100.05%
(Cost $1,981,153) 		$1,584,076
OTHER ASSETS & LIABILITIES, NET — (0.05)% $(768)
TOTAL NET ASSETS — 100.00% $1,583,308
 
(a)  Issuer is considered an affiliate of the Fund, see Notes to Schedule of Investments.
(b)  Account Balance and Cost represent net deposits and approximate fair value.
(c)  Adjustable rate security; interest rate is subject to change. Interest rate shown reflects the rate in effect at March 31, 2020.
See Notes to Schedule of Investments.
March 31, 2020

 

GREAT-WEST FUNDS, INC.
Notes to Schedule of Investments (Unaudited)
Security Valuation
The Board of Directors of the Funds has adopted policies and procedures for the valuation of each Fund's securities and assets, and has appointed the Fair Value Pricing Committee of the investment adviser, Great-West Capital Management, LLC, to complete valuation determinations under those policies and procedures.
Investments in shares of the underlying mutual funds are valued at the net asset value as reported by the underlying mutual fund, which may be obtained from pricing services or other pricing sources. The inputs used by the pricing services are reviewed quarterly or when the pricing vendor issues updates to its pricing methodologies. The net asset value of each class of the Fund's shares is determined by dividing the net assets attributable to each class of shares of the Fund by the number of issued and outstanding shares of each class of the Fund on each valuation date.
Investments in fixed interest contracts issued by Great-West Life & Annuity Insurance Company (GWL&A Contract) are valued at the amount of net deposits plus accrued interest, determined on a daily basis. The GWL&A Contract is backed by the general account of Great-West Life & Annuity Insurance Company (GWL&A).
The Funds classify valuations into three levels based upon the observability of inputs to the valuation of each Fund’s investments. The valuation levels are not necessarily an indication of the risk or liquidity associated with the underlying investment. Classification is based on the lowest level of input significant to the fair value measurement. The three levels are defined as follows:
Level 1 – Unadjusted quoted prices for identical securities in active markets.
Level 2 – Inputs other than quoted prices included in Level 1 that are observable either directly or indirectly. These may include quoted prices for similar assets in active markets.
Level 3 – Unobservable inputs to the extent observable inputs are not available. Unobservable inputs reflect the Fund’s own assumptions and would be based on the best information available under the circumstances.
As of March 31, 2020, each Fund’s investments in the underlying mutual funds are valued using Level 1 inputs. Each Fund’s investment in the GWL&A Contract is valued using Level 2 inputs. More information regarding each Fund’s sector classifications are included in the Schedule of Investments.
Fund-of-Funds Structure Risk
Since each Fund invests directly in underlying funds, all risks associated with the eligible underlying funds apply to each Fund. To the extent each Fund invests more of its assets in one underlying fund than another, each Fund will have greater exposure to the risks of that underlying fund.
Transactions with Affiliates
Each Fund may invest in the GWL&A Contract pursuant to exemptive relief issued by the U.S. Securities and Exchange Commission. The GWL&A Contract has a stable principal value and accrues a fixed rate of interest, which is reflected in the daily valuation of the Funds. GWL&A calculates the interest rate in the same way it calculates guaranteed interest rates for similar contracts (on a calendar quarter or other periodic basis). As a result of GWL&A being an affiliated entity, the Funds are exposed to the risk of unanticipated industry conditions as well as risks specific to a single corporation. If GWL&A were to become insolvent, the GWL&A Contract would be settled commensurate with other policy holder obligations.
The amounts deposited will accrue interest at a declared rate of interest, adjustable on a calendar quarter or other periodic basis, guaranteed to be no less than 1.50%. The investment in the GWL&A Contract may be terminated by GWL&A or the Funds upon 7 days prior written notice. The guaranteed interest rate paid will be at least as favorable as the guaranteed interest rate paid on other similar products issued by GWL&A.
March 31, 2020

 

The following tables are a summary of the transactions for each underlying investment during the period ended March 31, 2020, in which the issuer was an affiliate of a Fund, as defined in the Investment Company Act of 1940.
Great-West Lifetime 2015 Fund
Affiliate Shares Held/
Account
Balance
03/31/2020 		Value
12/31/2019 		Purchase
Cost 		Sales
Cost 		Net Realized
Gain (Loss) 		  Net Change
Unrealized
Appreciation
(Depreciation) 		  Dividends
and
Interest
Received 		  Value
03/31/2020 		  Value as a
Percentage of
Net Assets
BOND MUTUAL FUNDS                          
Great-West Bond Index Fund Institutional Class 6,629,023 $85,020,889 $2,006,990 $20,658,550 $516,948   $1,578,159   $446,275   $67,947,488   10.31%
Great-West Core Bond Fund Institutional Class 3,347,940 41,742,927 993,764 8,864,550 213,697   (191,866)   244,387   33,680,275   5.11
Great-West Global Bond Fund Institutional Class 4,105,287 44,176,263 1,129,144 8,812,857 (545,587)   (1,187,080)   -   35,305,470   5.35
Great-West High Yield Bond Fund Institutional Class 2,596,754 26,270,433 582,770 1,905,017 158,224   (3,135,456)   -   21,812,730   3.31
Great-West Inflation-Protected Securities Fund Institutional Class 8,200,595 99,921,833 2,280,242 21,639,302 (635,401)   (1,099,004)   -   79,463,769   12.05
Great-West Multi-Sector Bond Fund Institutional Class 3,123,754 34,393,811 531,238 4,566,256 (15,068)   (2,432,435)   -   27,926,358   4.24
Great-West Short Duration Bond Fund Institutional Class 3,143,257 37,681,969 967,870 7,446,224 (210,692)   (934,047)   207,344   30,269,568   4.59
          (517,879)   (7,401,729)   898,006   296,405,658   44.96
EQUITY MUTUAL FUNDS                          
Great-West Ariel Mid Cap Value Fund Institutional Class 300,994 3,042,689 582,639 154,304 31,664   (879,463)   -   2,591,561   0.39
Great-West Emerging Markets Equity Fund Institutional Class 1,247,577 10,846,843 1,321,901 878,603 (75,021)   (2,307,587)   -   8,982,554   1.36
Great-West International Growth Fund Institutional Class 1,913,248 17,268,898 1,798,608 1,732,275 (181,025)   (2,622,356)   -   14,712,875   2.23
Great-West International Index Fund Institutional Class 4,198,401 38,389,438 5,030,677 2,104,302 161,004   (8,526,301)   -   32,789,512   4.97
Great-West International Value Fund Institutional Class 2,765,519 21,108,320 2,361,914 1,592,880 (398,664)   (3,956,790)   -   17,920,564   2.72
Great-West Large Cap Growth Fund Institutional Class 2,902,498 29,637,118 2,911,095 3,698,515 258,869   (3,597,963)   -   25,251,735   3.83
Great-West Large Cap Value Fund Institutional Class 5,603,086 35,617,649 5,633,770 2,936,439 (736,765)   (8,002,286)   -   30,312,694   4.60
Great-West Loomis Sayles Small Cap Value Fund Institutional Class 1,180,276 7,131,260 1,619,476 505,913 (113,111)   (2,095,583)   -   6,149,240   0.93
Great-West Mid Cap Value Fund Institutional Class 1,716,899 12,183,659 2,896,495 979,855 (118,578)   (3,558,542)   -   10,541,757   1.60
Great-West Real Estate Index Fund Institutional Class 1,737,849 13,178,578 2,823,868 1,530,643 (92,543)   (2,967,241)   -   11,504,562   1.75
Great-West S&P 500® Index Fund Institutional Class 7,103,463 65,217,905 7,642,283 6,189,868 (99,954)   (11,192,272)   -   55,478,048   8.42
Great-West S&P Mid Cap 400® Index Fund Institutional Class 3,857,585 27,912,910 5,683,317 2,395,487 (369,581)   (7,013,684)   -   24,187,056   3.67
Great-West S&P SmallCap 600® Index Fund Institutional Class 2,127,785 13,228,540 2,890,611 1,110,385 (343,057)   (3,625,118)   -   11,383,648   1.73
Great-West Small Cap Growth Fund Institutional Class 129,555 1,200,518 242,812 137,384 (7,672)   (263,032)   -   1,042,914   0.16
Great-West T. Rowe Price Mid Cap Growth Fund Institutional Class 1,701,758 12,673,020 1,838,768 1,221,857 (139,186)   (2,449,735)   -   10,840,196   1.64
          (2,223,620)   (63,057,953)   0   263,688,916   40.00
March 31, 2020

 

Great-West Lifetime 2015 Fund
Affiliate Shares Held/
Account
Balance
03/31/2020 		Value
12/31/2019
Purchase
Cost 		Sales
Cost 		Net Realized
Gain (Loss) 		  Net Change
Unrealized
Appreciation
(Depreciation)
  Dividends
and
Interest
Received 		  Value
03/31/2020
  Value as a
Percentage of
Net Assets
FIXED INTEREST CONTRACT                          
Great-West Life & Annuity Contract 68,285,982 $88,135,281 $2,054,630 $22,214,527 $-   $-   $310,598   $68,285,982   10.36%
          0   0   310,598   68,285,982   10.36
        Total $(2,741,499)   $(70,459,682)   $1,208,604   $628,380,556   95.32%
Great-West Lifetime 2020 Fund
Affiliate Shares Held/
Account
Balance
03/31/2020 		Value
12/31/2019 		Purchase
Cost 		Sales
Cost 		Net Realized
Gain (Loss) 		  Net Change
Unrealized
Appreciation
(Depreciation) 		  Dividends
and
Interest
Received 		  Value
03/31/2020 		  Value as a
Percentage of
Net Assets
BOND MUTUAL FUNDS                          
Great-West Bond Index Fund Institutional Class 2,397,121 $28,968,567 $2,597,648 $7,420,123 $333,226   $424,393   $161,376   $24,570,485   10.73%
Great-West Core Bond Fund Institutional Class 1,208,790 14,214,825 1,292,282 3,283,547 63,214   (63,132)   88,304   12,160,428   5.31
Great-West Global Bond Fund Institutional Class 1,387,712 14,098,528 1,449,880 3,155,682 (128,568)   (458,400)   -   11,934,326   5.21
Great-West High Yield Bond Fund Institutional Class 897,492 8,558,070 723,185 719,824 (49,375)   (1,022,502)   -   7,538,929   3.29
Great-West Inflation-Protected Securities Fund Institutional Class 2,167,332 24,976,645 2,265,760 5,930,363 (178,188)   (310,592)   -   21,001,450   9.17
Great-West Multi-Sector Bond Fund Institutional Class 1,119,109 11,614,331 954,227 1,734,703 (81,485)   (829,020)   -   10,004,835   4.37
Great-West Short Duration Bond Fund Institutional Class 866,102 9,789,506 985,275 2,151,177 (38,184)   (283,037)   57,217   8,340,567   3.65
          (79,360)   (2,542,290)   306,897   95,551,020   41.73
EQUITY MUTUAL FUNDS                          
Great-West Ariel Mid Cap Value Fund Institutional Class 114,772 1,097,350 297,888 76,934 (11,239)   (330,116)   -   988,188   0.43
Great-West Emerging Markets Equity Fund Institutional Class 530,326 4,353,715 795,520 302,499 (23,434)   (1,028,391)   -   3,818,345   1.67
Great-West International Growth Fund Institutional Class 771,565 6,568,402 1,022,661 533,410 (68,343)   (1,124,323)   -   5,933,330   2.59
Great-West International Index Fund Institutional Class 1,691,276 14,669,048 2,981,186 1,084,819 (172,784)   (3,356,547)   -   13,208,868   5.77
Great-West International Value Fund Institutional Class 1,115,116 8,075,649 1,469,521 742,738 (257,018)   (1,576,480)   -   7,225,952   3.15
Great-West Large Cap Growth Fund Institutional Class 1,098,482 10,886,477 1,359,117 1,447,793 (162,252)   (1,241,007)   -   9,556,794   4.17
Great-West Large Cap Value Fund Institutional Class 2,146,089 12,955,479 2,997,391 1,114,198 (292,110)   (3,228,329)   -   11,610,343   5.07
Great-West Loomis Sayles Small Cap Value Fund Institutional Class 498,731 2,855,409 906,455 236,013 (61,946)   (927,461)   -   2,598,390   1.13
Great-West Mid Cap Value Fund Institutional Class 655,012 4,396,001 1,411,417 393,766 (98,871)   (1,391,876)   -   4,021,776   1.76
Great-West Real Estate Index Fund Institutional Class 608,213 4,409,887 1,167,337 404,139 3,927   (1,146,716)   -   4,026,369   1.76
Great-West S&P 500® Index Fund Institutional Class 2,707,838 23,987,215 3,905,344 2,673,490 (529,065)   (4,070,854)   -   21,148,215   9.24
March 31, 2020

 

Great-West Lifetime 2020 Fund
Affiliate Shares Held/
Account
Balance
03/31/2020 		Value
12/31/2019
Purchase
Cost 		Sales
Cost 		Net Realized
Gain (Loss) 		  Net Change
Unrealized
Appreciation
(Depreciation)
  Dividends
and
Interest
Received 		  Value
03/31/2020
  Value as a
Percentage of
Net Assets
Great-West S&P Mid Cap 400® Index Fund Institutional Class 1,467,222 $10,179,707 $2,752,490 $995,098 $(254,496)   $(2,737,620)   $-   $9,199,479   4.02%
Great-West S&P SmallCap 600® Index Fund Institutional Class 893,337 5,351,929 1,579,496 580,604 (193,411)   (1,571,470)   -   4,779,351   2.09
Great-West Small Cap Growth Fund Institutional Class 56,455 499,465 126,511 48,671 (5,651)   (122,842)   -   454,463   0.20
Great-West T. Rowe Price Mid Cap Growth Fund Institutional Class 646,471 4,618,913 908,778 429,232 (67,660)   (980,438)   -   4,118,021   1.80
          (2,194,353)   (24,834,470)   0   102,687,884   44.85
FIXED INTEREST CONTRACT                          
Great-West Life & Annuity Contract 18,872,257 22,845,670 2,318,465 6,377,150 -   -   85,272   18,872,257   8.24
          0   0   85,272   18,872,257   8.24
        Total $(2,273,713)   $(27,376,760)   $392,169   $217,111,161   94.82%
Great-West Lifetime 2025 Fund
Affiliate Shares Held/
Account
Balance
03/31/2020 		Value
12/31/2019 		Purchase
Cost 		Sales
Cost 		Net Realized
Gain (Loss) 		  Net Change
Unrealized
Appreciation
(Depreciation) 		  Dividends
and
Interest
Received 		  Value
03/31/2020 		  Value as a
Percentage of
Net Assets
BOND MUTUAL FUNDS                          
Great-West Bond Index Fund Institutional Class 13,076,934 $177,665,567 $4,505,802 $51,469,090 $911,184   $3,336,297   $881,734   $134,038,576   10.32%
Great-West Core Bond Fund Institutional Class 6,598,383 87,097,771 2,274,103 22,382,998 585,451   (609,142)   482,204   66,379,734   5.11
Great-West Global Bond Fund Institutional Class 7,176,651 81,647,534 2,100,340 19,798,071 (1,010,855)   (2,230,604)   -   61,719,199   4.75
Great-West High Yield Bond Fund Institutional Class 4,768,959 50,673,718 1,016,085 5,681,371 189,097   (5,949,177)   -   40,059,255   3.08
Great-West Inflation-Protected Securities Fund Institutional Class 8,570,660 110,907,379 2,441,217 29,237,541 (904,140)   (1,061,364)   -   83,049,691   6.39
Great-West Multi-Sector Bond Fund Institutional Class 6,094,293 70,806,017 1,380,477 13,150,376 (504,425)   (4,553,136)   -   54,482,982   4.20
Great-West Short Duration Bond Fund Institutional Class 3,623,178 45,890,396 1,311,204 11,230,164 (327,540)   (1,080,231)   239,282   34,891,205   2.69
          (1,061,228)   (12,147,357)   1,603,220   474,620,642   36.54
EQUITY MUTUAL FUNDS                          
Great-West Ariel Mid Cap Value Fund Institutional Class 742,834 7,919,263 1,256,263 457,427 114,766   (2,322,302)   -   6,395,797   0.49
Great-West Emerging Markets Equity Fund Institutional Class 3,768,951 34,366,534 3,080,760 2,989,683 (227,166)   (7,321,161)   -   27,136,450   2.09
Great-West International Growth Fund Institutional Class 5,203,144 49,388,150 3,439,916 5,223,810 (516,010)   (7,592,075)   -   40,012,181   3.08
Great-West International Index Fund Institutional Class 11,405,234 110,027,947 10,686,492 7,190,915 330,450   (24,448,645)   -   89,074,879   6.86
Great-West International Value Fund Institutional Class 7,521,122 60,565,757 4,706,390 4,740,571 (776,042)   (11,794,705)   -   48,736,871   3.75
Great-West Large Cap Growth Fund Institutional Class 6,972,799 75,855,605 4,915,538 10,145,402 1,359,056   (9,962,393)   -   60,663,348   4.67
March 31, 2020

 

Great-West Lifetime 2025 Fund
Affiliate Shares Held/
Account
Balance
03/31/2020 		Value
12/31/2019
Purchase
Cost 		Sales
Cost 		Net Realized
Gain (Loss) 		  Net Change
Unrealized
Appreciation
(Depreciation)
  Dividends
and
Interest
Received 		  Value
03/31/2020 		  Value as a
Percentage of
Net Assets
Great-West Large Cap Value Fund Institutional Class 13,756,101 $92,042,880 $11,561,738 $8,447,828 $(1,916,745)   $(20,736,283)   $-   $74,420,507   5.73%
Great-West Loomis Sayles Small Cap Value Fund Institutional Class 3,472,060 22,131,049 4,263,397 1,789,594 (357,919)   (6,515,421)   -   18,089,431   1.39
Great-West Mid Cap Value Fund Institutional Class 4,211,103 31,523,862 6,471,453 2,530,338 54,490   (9,608,803)   -   25,856,174   1.99
Great-West Real Estate Index Fund Institutional Class 3,456,473 27,596,942 5,186,065 3,578,071 (156,542)   (6,323,088)   -   22,881,848   1.76
Great-West S&P 500® Index Fund Institutional Class 17,302,069 168,578,200 14,073,012 17,904,651 416,382   (29,617,400)   -   135,129,161   10.40
Great-West S&P Mid Cap 400® Index Fund Institutional Class 9,366,876 71,878,970 12,238,398 6,861,618 (544,242)   (18,525,438)   -   58,730,312   4.52
Great-West S&P SmallCap 600® Index Fund Institutional Class 6,272,269 41,422,638 7,508,549 4,206,747 (1,207,591)   (11,167,800)   -   33,556,640   2.59
Great-West Small Cap Growth Fund Institutional Class 386,860 3,798,646 636,999 484,452 (26,832)   (836,972)   -   3,114,221   0.24
Great-West T. Rowe Price Mid Cap Growth Fund Institutional Class 4,102,764 32,392,846 3,581,310 3,282,340 (91,349)   (6,557,213)   -   26,134,603   2.01
          (3,545,294)   (173,329,699)   0   669,932,423   51.57
FIXED INTEREST CONTRACT                          
Great-West Life & Annuity Contract 78,501,996 107,098,023 2,740,823 31,712,365 -   -   375,515   78,501,996   6.04
          0   0   375,515   78,501,996   6.04
        Total $(4,606,522)   $(185,477,056)   $1,978,735   $1,223,055,061   94.15%
Great-West Lifetime 2030 Fund
Affiliate Shares Held/
Account
Balance
03/31/2020 		Value
12/31/2019 		Purchase
Cost 		Sales
Cost 		Net Realized
Gain (Loss) 		  Net Change
Unrealized
Appreciation
(Depreciation) 		  Dividends
and
Interest
Received 		  Value
03/31/2020 		  Value as a
Percentage of
Net Assets
BOND MUTUAL FUNDS                          
Great-West Bond Index Fund Institutional Class 1,984,673 $25,609,253 $2,227,943 $7,742,118 $386,530   $247,823   $131,769   $20,342,901   8.91%
Great-West Core Bond Fund Institutional Class 1,000,635 12,570,831 1,090,431 3,505,575 83,824   (89,299)   72,138   10,066,388   4.41
Great-West Global Bond Fund Institutional Class 1,044,990 11,308,002 1,104,083 3,083,615 (122,513)   (341,554)   -   8,986,916   3.93
Great-West High Yield Bond Fund Institutional Class 692,825 7,088,689 501,121 1,003,579 (86,316)   (766,499)   -   5,819,732   2.55
Great-West Inflation-Protected Securities Fund Institutional Class 919,629 11,284,204 989,169 3,238,590 (92,969)   (123,577)   -   8,911,206   3.90
Great-West Multi-Sector Bond Fund Institutional Class 915,613 10,153,797 779,067 2,086,253 (102,597)   (661,031)   -   8,185,580   3.58
Great-West Short Duration Bond Fund Institutional Class 416,809 5,024,729 476,703 1,347,341 (18,883)   (140,221)   27,103   4,013,870   1.76
          47,076   (1,874,358)   231,010   66,326,593   29.04
EQUITY MUTUAL FUNDS                          
Great-West Ariel Mid Cap Value Fund Institutional Class 148,173 1,518,818 300,313 84,603 661   (458,763)   -   1,275,765   0.56
March 31, 2020

 

Great-West Lifetime 2030 Fund
Affiliate Shares Held/
Account
Balance
03/31/2020 		Value
12/31/2019
Purchase
Cost 		Sales
Cost 		Net Realized
Gain (Loss) 		  Net Change
Unrealized
Appreciation
(Depreciation)
  Dividends
and
Interest
Received 		  Value
03/31/2020
  Value as a
Percentage of
Net Assets
Great-West Emerging Markets Equity Fund Institutional Class 837,549 $7,384,573 $873,295 $548,812 $(48,564)   $(1,678,705)   $-   $6,030,351   2.64%
Great-West International Growth Fund Institutional Class 1,103,871 10,099,351 915,774 810,104 (68,887)   (1,716,252)   -   8,488,769   3.72
Great-West International Index Fund Institutional Class 2,420,360 22,431,026 2,976,408 1,322,239 (116,407)   (5,182,182)   -   18,903,013   8.28
Great-West International Value Fund Institutional Class 1,591,782 12,321,813 1,426,314 1,008,686 (326,541)   (2,424,696)   -   10,314,745   4.52
Great-West Large Cap Growth Fund Institutional Class 1,395,584 14,432,018 1,076,164 1,660,313 (148,781)   (1,706,286)   -   12,141,583   5.32
Great-West Large Cap Value Fund Institutional Class 2,777,598 17,855,817 2,890,960 1,249,267 (298,218)   (4,470,702)   -   15,026,808   6.58
Great-West Loomis Sayles Small Cap Value Fund Institutional Class 761,055 4,665,551 1,154,743 332,962 (54,860)   (1,522,233)   -   3,965,099   1.74
Great-West Mid Cap Value Fund Institutional Class 849,196 6,108,657 1,547,234 508,142 (83,450)   (1,933,683)   -   5,214,066   2.28
Great-West Real Estate Index Fund Institutional Class 609,033 4,677,363 1,001,716 428,561 28,449   (1,218,721)   -   4,031,797   1.76
Great-West S&P 500® Index Fund Institutional Class 3,474,447 32,295,300 3,263,766 2,663,694 (401,877)   (5,759,944)   -   27,135,428   11.88
Great-West S&P Mid Cap 400® Index Fund Institutional Class 1,890,527 13,839,707 2,995,875 1,164,797 (201,676)   (3,817,182)   -   11,853,603   5.19
Great-West S&P SmallCap 600® Index Fund Institutional Class 1,375,550 8,675,856 2,028,180 682,931 (175,582)   (2,661,911)   -   7,359,194   3.22
Great-West Small Cap Growth Fund Institutional Class 85,197 800,324 153,633 68,295 (2,094)   (199,826)   -   685,836   0.30
Great-West T. Rowe Price Mid Cap Growth Fund Institutional Class 820,722 6,193,291 846,482 463,639 (38,788)   (1,348,134)   -   5,228,000   2.29
          (1,936,615)   (36,099,220)   0   137,654,057   60.28
FIXED INTEREST CONTRACT                          
Great-West Life & Annuity Contract 9,113,073 11,758,880 1,127,391 3,815,696 -   -   42,498   9,113,073   3.99
          0   0   42,498   9,113,073   3.99
        Total $(1,889,539)   $(37,973,578)   $273,508   $213,093,723   93.31%
Great-West Lifetime 2035 Fund
Affiliate Shares Held/
Account
Balance
03/31/2020 		Value
12/31/2019 		Purchase
Cost 		Sales
Cost 		Net Realized
Gain (Loss) 		Net Change
Unrealized
Appreciation
(Depreciation) 		Dividends
and
Interest
Received 		Value
03/31/2020 		Value as a
Percentage of
Net Assets
BOND MUTUAL FUNDS                  
Great-West Bond Index Fund Institutional Class 7,468,635 $107,418,383 $2,996,781 $35,646,535 $740,488 $1,784,879 $502,732 $76,553,508 6.53%
Great-West Core Bond Fund Institutional Class 3,770,351 52,705,991 1,502,496 16,006,119 231,925 (272,633) 275,109 37,929,735 3.24
Great-West Global Bond Fund Institutional Class 3,802,327 45,821,650 1,372,429 13,288,584 (632,122) (1,205,482) - 32,700,013 2.79
Great-West High Yield Bond Fund Institutional Class 2,579,390 29,045,721 561,492 4,595,091 (28,626) (3,345,247) - 21,666,875 1.85
March 31, 2020

 

Great-West Lifetime 2035 Fund
Affiliate Shares Held/
Account
Balance
03/31/2020 		Value
12/31/2019
Purchase
Cost 		Sales
Cost 		Net Realized
Gain (Loss) 		  Net Change
Unrealized
Appreciation
(Depreciation)
  Dividends
and
Interest
Received 		  Value
03/31/2020 		  Value as a
Percentage of
Net Assets
Great-West Inflation-Protected Securities Fund Institutional Class 2,290,638 $31,387,985 $782,928 $9,718,193 $(321,841)   $(256,439)   $-   $22,196,281   1.89%
Great-West Multi-Sector Bond Fund Institutional Class 3,437,518 42,369,587 882,549 9,443,063 16,147   (3,077,661)   -   30,731,412   2.62
Great-West Short Duration Bond Fund Institutional Class 1,174,736 15,772,493 491,109 4,589,886 (126,519)   (361,011)   77,455   11,312,705   0.96
          (120,548)   (6,733,594)   855,296   233,090,529   19.88
EQUITY MUTUAL FUNDS                          
Great-West Ariel Mid Cap Value Fund Institutional Class 869,139 9,736,853 1,002,157 399,240 54,097   (2,856,484)   -   7,483,286   0.64
Great-West Emerging Markets Equity Fund Institutional Class 5,417,135 52,186,889 2,316,639 4,173,693 (376,472)   (11,326,466)   -   39,003,369   3.33
Great-West International Growth Fund Institutional Class 6,809,318 67,968,522 1,432,404 5,544,891 (131,794)   (11,492,382)   -   52,363,653   4.47
Great-West International Index Fund Institutional Class 14,908,138 151,013,425 7,030,218 7,310,779 (25,283)   (34,300,303)   -   116,432,561   9.93
Great-West International Value Fund Institutional Class 9,821,964 83,049,857 2,821,650 5,746,715 (1,402,419)   (16,478,462)   -   63,646,330   5.43
Great-West Large Cap Growth Fund Institutional Class 8,084,827 91,693,613 1,205,942 10,000,709 1,302,109   (12,560,852)   -   70,337,994   6.00
Great-West Large Cap Value Fund Institutional Class 16,318,136 114,420,031 8,471,685 6,339,412 (936,549)   (28,271,187)   -   88,281,117   7.53
Great-West Loomis Sayles Small Cap Value Fund Institutional Class 4,846,399 32,449,607 4,510,790 1,722,088 (432,054)   (9,988,570)   -   25,249,739   2.15
Great-West Mid Cap Value Fund Institutional Class 4,998,135 39,272,463 5,876,702 2,380,878 (245,110)   (12,079,739)   -   30,688,548   2.62
Great-West Real Estate Index Fund Institutional Class 3,144,048 26,256,395 3,577,833 2,660,105 (43,535)   (6,360,522)   -   20,813,601   1.77
Great-West S&P 500® Index Fund Institutional Class 20,315,639 206,422,120 6,272,954 16,529,096 (241,188)   (37,500,838)   -   158,665,140   13.53
Great-West S&P Mid Cap 400® Index Fund Institutional Class 11,016,181 88,313,418 10,285,190 5,568,725 (558,807)   (23,958,431)   -   69,071,452   5.89
Great-West S&P SmallCap 600® Index Fund Institutional Class 8,719,072 60,166,777 7,707,156 3,442,374 (953,616)   (17,784,524)   -   46,647,035   3.98
Great-West Small Cap Growth Fund Institutional Class 539,334 5,551,832 623,300 530,742 (26,672)   (1,302,749)   -   4,341,641   0.37
Great-West T. Rowe Price Mid Cap Growth Fund Institutional Class 4,761,134 39,291,280 2,196,902 2,939,249 (243,736)   (8,220,512)   -   30,328,421   2.59
          (4,261,029)   (234,482,021)   0   823,353,887   70.23
FIXED INTEREST CONTRACT                          
Great-West Life & Annuity Contract 25,472,275 36,793,074 1,076,285 12,525,439 -   -   128,355   25,472,275   2.17
          0   0   128,355   25,472,275   2.17
        Total $(4,381,577)   $(241,215,615)   $983,651   $1,081,916,691   92.28%
March 31, 2020

 

Great-West Lifetime 2040 Fund
Affiliate Shares Held/
Account
Balance
03/31/2020 		Value
12/31/2019 		Purchase
Cost 		Sales
Cost 		Net Realized
Gain (Loss) 		  Net Change
Unrealized
Appreciation
(Depreciation) 		  Dividends
and
Interest
Received 		  Value
03/31/2020 		  Value as a
Percentage of
Net Assets
BOND MUTUAL FUNDS                          
Great-West Bond Index Fund Institutional Class 680,684 $8,963,021 $1,196,376 $3,203,478 $201,539   $21,088   $45,465   $6,977,007   4.46%
Great-West Core Bond Fund Institutional Class 343,823 4,404,880 587,176 1,476,961 52,992   (56,238)   24,935   3,458,857   2.21
Great-West Global Bond Fund Institutional Class 337,871 3,724,506 546,578 1,250,464 (39,753)   (114,926)   -   2,905,694   1.86
Great-West High Yield Bond Fund Institutional Class 229,636 2,383,547 280,039 489,140 (48,585)   (245,501)   -   1,928,945   1.24
Great-West Inflation-Protected Securities Fund Institutional Class 123,099 1,540,004 207,601 536,552 (11,958)   (18,223)   -   1,192,830   0.76
Great-West Multi-Sector Bond Fund Institutional Class 314,695 3,542,658 443,335 947,920 (44,882)   (224,698)   -   2,813,375   1.80
Great-West Short Duration Bond Fund Institutional Class 77,062 943,546 135,273 310,579 (4,155)   (26,139)   5,048   742,101   0.48
          105,198   (664,637)   75,448   20,018,809   12.81
EQUITY MUTUAL FUNDS                          
Great-West Ariel Mid Cap Value Fund Institutional Class 125,428 1,327,608 242,843 75,452 (3,544)   (415,066)   -   1,079,933   0.69
Great-West Emerging Markets Equity Fund Institutional Class 862,412 7,825,491 975,756 836,299 (122,780)   (1,755,583)   -   6,209,365   3.97
Great-West International Growth Fund Institutional Class 1,026,943 9,706,945 829,519 991,644 (145,808)   (1,647,630)   -   7,897,190   5.05
Great-West International Index Fund Institutional Class 2,246,481 21,554,757 2,738,404 1,695,970 (259,744)   (5,052,170)   -   17,545,021   11.22
Great-West International Value Fund Institutional Class 1,482,653 11,844,615 1,420,713 1,490,560 (589,244)   (2,167,173)   -   9,607,595   6.15
Great-West Large Cap Growth Fund Institutional Class 1,157,342 12,395,705 658,931 1,493,191 (216,044)   (1,492,573)   -   10,068,872   6.44
Great-West Large Cap Value Fund Institutional Class 2,353,953 15,559,843 2,380,410 1,211,717 (358,246)   (3,993,650)   -   12,734,886   8.15
Great-West Loomis Sayles Small Cap Value Fund Institutional Class 749,968 4,751,414 1,114,924 339,941 (70,275)   (1,619,066)   -   3,907,331   2.50
Great-West Mid Cap Value Fund Institutional Class 716,862 5,334,427 1,261,755 459,226 (119,230)   (1,735,423)   -   4,401,533   2.82
Great-West Real Estate Index Fund Institutional Class 416,920 3,315,650 674,738 344,640 4,584   (885,737)   -   2,760,011   1.76
Great-West S&P 500® Index Fund Institutional Class 2,918,162 28,003,482 2,473,707 2,614,401 (529,167)   (5,071,940)   -   22,790,848   14.58
Great-West S&P Mid Cap 400® Index Fund Institutional Class 1,575,748 11,967,216 2,326,707 992,334 (241,442)   (3,421,650)   -   9,879,939   6.32
Great-West S&P SmallCap 600® Index Fund Institutional Class 1,350,703 8,807,159 1,943,853 722,759 (221,679)   (2,801,994)   -   7,226,259   4.62
Great-West Small Cap Growth Fund Institutional Class 82,707 806,352 134,867 64,060 (6,362)   (211,369)   -   665,790   0.43
Great-West T. Rowe Price Mid Cap Growth Fund Institutional Class 679,045 5,300,843 630,035 406,146 (51,611)   (1,199,213)   -   4,325,519   2.77
          (2,930,592)   (33,470,237)   0   121,100,092   77.47
March 31, 2020

 

Great-West Lifetime 2040 Fund
Affiliate Shares Held/
Account
Balance
03/31/2020 		Value
12/31/2019
Purchase
Cost 		Sales
Cost 		Net Realized
Gain (Loss) 		  Net Change
Unrealized
Appreciation
(Depreciation)
  Dividends
and
Interest
Received 		  Value
03/31/2020
  Value as a
Percentage of
Net Assets
FIXED INTEREST CONTRACT                          
Great-West Life & Annuity Contract 1,685,889 $2,213,314 $320,545 $856,026 $-   $-   $8,056   $1,685,889   1.08%
          0   0   8,056   1,685,889   1.08
        Total $(2,825,394)   $(34,134,874)   $83,504   $142,804,790   91.36%
Great-West Lifetime 2045 Fund
Affiliate Shares Held/
Account
Balance
03/31/2020 		Value
12/31/2019 		Purchase
Cost 		Sales
Cost 		Net Realized
Gain (Loss) 		  Net Change
Unrealized
Appreciation
(Depreciation) 		  Dividends
and
Interest
Received 		  Value
03/31/2020 		  Value as a
Percentage of
Net Assets
BOND MUTUAL FUNDS                          
Great-West Bond Index Fund Institutional Class 2,050,154 $30,012,943 $1,252,889 $10,690,583 $275,930   $438,830   $136,331   $21,014,079   3.10%
Great-West Core Bond Fund Institutional Class 1,037,073 14,776,925 608,571 4,874,426 78,673   (78,121)   74,865   10,432,949   1.54
Great-West Global Bond Fund Institutional Class 989,033 12,131,441 532,120 3,836,319 (151,820)   (321,561)   -   8,505,681   1.25
Great-West High Yield Bond Fund Institutional Class 675,101 7,800,419 236,187 1,578,851 (106,282)   (786,904)   -   5,670,851   0.83
Great-West Inflation-Protected Securities Fund Institutional Class 151,599 2,111,757 84,986 709,443 (19,204)   (18,306)   -   1,468,994   0.22
Great-West Multi-Sector Bond Fund Institutional Class 935,288 11,753,241 415,169 2,979,869 2,912   (827,066)   -   8,361,475   1.23
Great-West Short Duration Bond Fund Institutional Class 154,526 2,112,113 96,243 667,697 (10,099)   (52,569)   10,069   1,488,090   0.22
          70,110   (1,645,697)   221,265   56,942,119   8.39
EQUITY MUTUAL FUNDS                          
Great-West Ariel Mid Cap Value Fund Institutional Class 560,503 6,518,029 485,496 244,313 36,030   (1,933,283)   -   4,825,929   0.71
Great-West Emerging Markets Equity Fund Institutional Class 4,240,306 42,186,556 2,192,151 5,154,025 (752,123)   (8,694,482)   -   30,530,200   4.50
Great-West International Growth Fund Institutional Class 4,826,020 49,989,726 942,875 5,772,593 (571,564)   (8,047,915)   -   37,112,093   5.47
Great-West International Index Fund Institutional Class 10,556,280 111,059,777 3,263,973 6,898,077 (544,908)   (24,981,127)   -   82,444,546   12.15
Great-West International Value Fund Institutional Class 6,967,767 61,064,021 1,885,435 6,331,344 (1,794,921)   (11,466,979)   -   45,151,133   6.66
Great-West Large Cap Growth Fund Institutional Class 5,113,026 60,126,921 434,062 7,858,565 686,295   (8,219,091)   -   44,483,327   6.56
Great-West Large Cap Value Fund Institutional Class 10,522,386 76,574,668 3,525,390 3,915,696 (540,789)   (19,258,255)   -   56,926,107   8.39
Great-West Loomis Sayles Small Cap Value Fund Institutional Class 3,601,816 25,059,993 2,832,539 1,263,679 (299,550)   (7,863,389)   -   18,765,464   2.77
Great-West Mid Cap Value Fund Institutional Class 3,207,744 26,262,527 3,258,119 1,649,022 (184,903)   (8,176,074)   -   19,695,550   2.90
Great-West Real Estate Index Fund Institutional Class 1,810,170 15,755,494 1,780,614 1,716,140 (56,331)   (3,836,644)   -   11,983,324   1.77
Great-West S&P 500® Index Fund Institutional Class 12,985,476 136,873,852 1,932,875 12,842,870 (765,101)   (24,547,293)   -   101,416,564   14.95
March 31, 2020

 

Great-West Lifetime 2045 Fund
Affiliate Shares Held/
Account
Balance
03/31/2020 		Value
12/31/2019
Purchase
Cost 		Sales
Cost 		Net Realized
Gain (Loss) 		  Net Change
Unrealized
Appreciation
(Depreciation)
  Dividends
and
Interest
Received 		  Value
03/31/2020
  Value as a
Percentage of
Net Assets
Great-West S&P Mid Cap 400® Index Fund Institutional Class 7,016,836 $58,595,175 $5,255,476 $3,793,269 $(449,767)   $(16,061,817)   $-   $43,995,565   6.48%
Great-West S&P SmallCap 600® Index Fund Institutional Class 6,473,779 46,385,645 4,792,558 2,449,056 (550,882)   (14,094,427)   -   34,634,720   5.10
Great-West Small Cap Growth Fund Institutional Class 393,739 4,214,368 353,217 382,501 (14,509)   (1,015,483)   -   3,169,601   0.47
Great-West T. Rowe Price Mid Cap Growth Fund Institutional Class 2,998,373 25,720,421 733,972 1,870,852 (122,439)   (5,483,906)   -   19,099,635   2.81
          (5,925,462)   (163,680,165)   0   554,233,758   81.69
FIXED INTEREST CONTRACT                          
Great-West Life & Annuity Contract 3,451,331 5,049,691 237,577 1,853,387 -   -   17,450   3,451,331   0.51
          0   0   17,450   3,451,331   0.51
        Total $(5,855,352)   $(165,325,862)   $238,715   $614,627,208   90.59%
Great-West Lifetime 2050 Fund
Affiliate Shares Held/
Account
Balance
03/31/2020 		Value
12/31/2019 		Purchase
Cost 		Sales
Cost 		Net Realized
Gain (Loss) 		  Net Change
Unrealized
Appreciation
(Depreciation) 		  Dividends
and
Interest
Received 		  Value
03/31/2020 		  Value as a
Percentage of
Net Assets
BOND MUTUAL FUNDS                          
Great-West Bond Index Fund Institutional Class 216,811 $2,943,851 $315,391 $1,045,689 $65,573   $8,756   $14,233   $2,222,309   2.72%
Great-West Core Bond Fund Institutional Class 108,843 1,440,617 152,504 481,129 18,323   (17,035)   7,769   1,094,957   1.34
Great-West Global Bond Fund Institutional Class 104,720 1,192,980 141,805 399,229 (11,960)   (34,966)   -   900,590   1.10
Great-West High Yield Bond Fund Institutional Class 70,244 761,899 68,107 165,005 (14,816)   (74,950)   -   590,051   0.72
Great-West Multi-Sector Bond Fund Institutional Class 98,266 1,149,141 113,591 314,423 (12,161)   (69,810)   -   878,499   1.07
Great-West Short Duration Bond Fund Institutional Class 11,543 146,289 17,207 48,422 (421)   (3,912)   742   111,162   0.14
          44,538   (191,917)   22,744   5,797,568   7.09
EQUITY MUTUAL FUNDS                          
Great-West Ariel Mid Cap Value Fund Institutional Class 67,419 741,615 111,004 40,065 1,603   (232,076)   -   580,478   0.71
Great-West Emerging Markets Equity Fund Institutional Class 555,528 5,214,027 592,626 689,163 (95,872)   (1,117,690)   -   3,999,800   4.89
Great-West International Growth Fund Institutional Class 600,300 5,904,020 387,740 720,574 (104,918)   (954,882)   -   4,616,304   5.65
Great-West International Index Fund Institutional Class 1,315,796 13,118,112 1,255,980 1,077,500 (140,811)   (3,020,223)   -   10,276,369   12.58
Great-West International Value Fund Institutional Class 869,630 7,211,656 681,225 1,015,942 (397,258)   (1,241,740)   -   5,635,199   6.90
Great-West Large Cap Growth Fund Institutional Class 603,449 6,718,231 300,765 1,008,290 (128,955)   (760,697)   -   5,250,009   6.42
Great-West Large Cap Value Fund Institutional Class 1,249,764 8,633,698 981,707 670,526 (184,624)   (2,183,657)   -   6,761,222   8.27
March 31, 2020

 

Great-West Lifetime 2050 Fund
Affiliate Shares Held/
Account
Balance
03/31/2020 		Value
12/31/2019
Purchase
Cost 		Sales
Cost 		Net Realized
Gain (Loss) 		  Net Change
Unrealized
Appreciation
(Depreciation)
  Dividends
and
Interest
Received 		  Value
03/31/2020
  Value as a
Percentage of
Net Assets
Great-West Loomis Sayles Small Cap Value Fund Institutional Class 454,845 $3,007,853 $587,865 $193,731 $(28,971)   $(1,032,243)   $-   $2,369,744   2.90%
Great-West Mid Cap Value Fund Institutional Class 380,524 2,958,525 566,980 221,404 (48,243)   (967,684)   -   2,336,417   2.86
Great-West Real Estate Index Fund Institutional Class 216,709 1,810,737 306,265 205,109 4,260   (477,277)   -   1,434,616   1.76
Great-West S&P 500® Index Fund Institutional Class 1,539,074 15,357,993 997,192 1,647,111 (311,427)   (2,687,910)   -   12,020,164   14.71
Great-West S&P Mid Cap 400® Index Fund Institutional Class 827,323 6,566,551 1,013,725 506,120 (103,086)   (1,886,839)   -   5,187,317   6.35
Great-West S&P SmallCap 600® Index Fund Institutional Class 820,868 5,586,003 1,012,569 420,797 (111,772)   (1,786,132)   -   4,391,643   5.37
Great-West Small Cap Growth Fund Institutional Class 50,279 511,261 69,787 41,492 (1,543)   (134,810)   -   404,746   0.50
Great-West T. Rowe Price Mid Cap Growth Fund Institutional Class 354,002 2,877,036 237,669 221,851 (26,490)   (637,861)   -   2,254,993   2.76
          (1,678,107)   (19,121,721)   0   67,519,021   82.63
FIXED INTEREST CONTRACT                          
Great-West Life & Annuity Contract 247,510 334,261 40,610 128,557 -   -   1,196   247,510   0.30
          0   0   1,196   247,510   0.30
        Total $(1,633,569)   $(19,313,638)   $23,940   $73,564,099   90.02%
Great-West Lifetime 2055 Fund
Affiliate Shares Held/
Account
Balance
03/31/2020 		Value
12/31/2019 		Purchase
Cost 		Sales
Cost 		Net Realized
Gain (Loss) 		  Net Change
Unrealized
Appreciation
(Depreciation) 		  Dividends
and
Interest
Received 		  Value
03/31/2020 		  Value as a
Percentage of
Net Assets
BOND MUTUAL FUNDS                          
Great-West Bond Index Fund Institutional Class 722,593 $10,776,649 $591,104 $4,072,974 $140,000   $111,799   $47,994   $7,406,578   2.48%
Great-West Core Bond Fund Institutional Class 364,199 5,285,887 286,631 1,870,252 38,348   (38,421)   26,249   3,663,845   1.23
Great-West Global Bond Fund Institutional Class 367,146 4,595,167 261,303 1,571,743 (50,496)   (127,272)   -   3,157,455   1.06
Great-West High Yield Bond Fund Institutional Class 236,251 2,785,641 105,701 647,449 (53,501)   (259,386)   -   1,984,507   0.66
Great-West Multi-Sector Bond Fund Institutional Class 329,093 4,222,080 190,156 1,220,779 (41,426)   (249,369)   -   2,942,088   0.98
Great-West Short Duration Bond Fund Institutional Class 38,205 532,911 30,253 181,481 (1,918)   (13,767)   2,485   367,916   0.12
          31,007   (576,416)   76,728   19,522,389   6.53
EQUITY MUTUAL FUNDS                          
Great-West Ariel Mid Cap Value Fund Institutional Class 239,918 2,827,444 244,988 134,476 59,505   (872,262)   -   2,065,694   0.69
Great-West Emerging Markets Equity Fund Institutional Class 2,155,099 21,827,935 1,230,849 3,154,226 (392,228)   (4,387,847)   -   15,516,711   5.19
Great-West International Growth Fund Institutional Class 2,249,366 23,628,865 662,282 3,459,722 (435,013)   (3,533,800)   -   17,297,625   5.79
March 31, 2020

 

Great-West Lifetime 2055 Fund
Affiliate Shares Held/
Account
Balance
03/31/2020 		Value
12/31/2019
Purchase
Cost 		Sales
Cost 		Net Realized
Gain (Loss) 		  Net Change
Unrealized
Appreciation
(Depreciation)
  Dividends
and
Interest
Received 		  Value
03/31/2020
  Value as a
Percentage of
Net Assets
Great-West International Index Fund Institutional Class 4,923,236 $52,485,994 $1,997,309 $3,831,396 $349,082   $(12,201,433)   $-   $38,450,474   12.86%
Great-West International Value Fund Institutional Class 3,247,368 28,857,559 1,046,216 3,623,033 (913,641)   (5,237,794)   -   21,042,948   7.04
Great-West Large Cap Growth Fund Institutional Class 2,128,729 25,392,455 466,142 4,342,140 (82,153)   (2,996,513)   -   18,519,944   6.19
Great-West Large Cap Value Fund Institutional Class 4,465,622 32,951,134 1,812,507 2,692,952 (496,230)   (7,911,676)   -   24,159,013   8.08
Great-West Loomis Sayles Small Cap Value Fund Institutional Class 1,736,129 12,251,269 1,546,828 954,168 (158,333)   (3,798,698)   -   9,045,231   3.03
Great-West Mid Cap Value Fund Institutional Class 1,364,417 11,312,390 1,552,699 877,216 46,955   (3,610,354)   -   8,377,519   2.80
Great-West Real Estate Index Fund Institutional Class 805,372 7,117,681 916,728 990,534 (13,039)   (1,712,310)   -   5,331,565   1.78
Great-West S&P 500® Index Fund Institutional Class 5,470,148 58,481,440 1,418,837 6,489,635 102,668   (10,688,786)   -   42,721,856   14.29
Great-West S&P Mid Cap 400® Index Fund Institutional Class 2,957,457 25,015,861 2,591,940 2,248,064 (134,600)   (6,816,483)   -   18,543,254   6.20
Great-West S&P SmallCap 600® Index Fund Institutional Class 3,127,504 22,728,057 2,638,670 2,022,691 (477,766)   (6,611,890)   -   16,732,146   5.60
Great-West Small Cap Growth Fund Institutional Class 192,216 2,088,377 211,644 254,262 (3,679)   (498,420)   -   1,547,339   0.52
Great-West T. Rowe Price Mid Cap Growth Fund Institutional Class 1,250,726 10,869,847 425,963 1,067,605 (59,373)   (2,261,081)   -   7,967,124   2.66
          (2,607,845)   (73,139,347)   0   247,318,443   82.72
FIXED INTEREST CONTRACT                          
Great-West Life & Annuity Contract 823,006 1,229,593 69,280 480,066 -   -   4,199   823,006   0.27
          0   0   4,199   823,006   0.27
        Total $(2,576,838)   $(73,715,763)   $80,927   $267,663,838   89.52%
Great-West Lifetime 2060 Fund
Affiliate Shares Held/
Account
Balance
03/31/2020 		Value
12/31/2019 		Purchase
Cost 		Sales
Cost 		Net Realized
Gain (Loss) 		  Net Change
Unrealized
Appreciation
(Depreciation) 		  Dividends
and
Interest
Received 		  Value
03/31/2020 		  Value as a
Percentage of
Net Assets
BOND MUTUAL FUNDS                          
Great-West Bond Index Fund Institutional Class 3,912 $30,044 $60,410 $50,853 $716   $502   $209   $40,103   2.53%
Great-West Core Bond Fund Institutional Class 1,963 14,792 29,605 24,434 290   (220)   115   19,743   1.25
Great-West Global Bond Fund Institutional Class 2,111 13,628 27,591 22,709 (416)   (354)   -   18,156   1.14
Great-West High Yield Bond Fund Institutional Class 1,243 7,797 15,391 11,343 (18)   (1,408)   -   10,437   0.66
Great-West Multi-Sector Bond Fund Institutional Class 1,767 11,844 23,560 18,116 251   (1,490)   -   15,798   1.00
Great-West Short Duration Bond Fund Institutional Class 197 1,421 2,872 2,345 (7)   (53)   10   1,895   0.12
          816   (3,023)   334   106,132   6.70
March 31, 2020

 

Great-West Lifetime 2060 Fund
Affiliate Shares Held/
Account
Balance
03/31/2020 		Value
12/31/2019
Purchase
Cost 		Sales
Cost 		Net Realized
Gain (Loss) 		  Net Change
Unrealized
Appreciation
(Depreciation)
  Dividends
and
Interest
Received 		  Value
03/31/2020
  Value as a
Percentage of
Net Assets
EQUITY MUTUAL FUNDS                          
Great-West Ariel Mid Cap Value Fund Institutional Class 1,232 $7,919 $16,297 $9,661 $172   $(3,943)   $-   $10,612   0.67%
Great-West Emerging Markets Equity Fund Institutional Class 12,409 66,972 135,304 85,818 2,341   (27,112)   -   89,346   5.64
Great-West International Growth Fund Institutional Class 12,067 69,464 136,153 88,039 4,285   (24,779)   -   92,799   5.86
Great-West International Index Fund Institutional Class 26,405 154,259 307,195 201,070 (3,843)   (54,163)   -   206,221   13.03
Great-West International Value Fund Institutional Class 17,494 84,821 167,619 110,960 (2,046)   (28,118)   -   113,362   7.16
Great-West Large Cap Growth Fund Institutional Class 10,816 70,499 131,752 91,914 (1,354)   (16,241)   -   94,096   5.94
Great-West Large Cap Value Fund Institutional Class 22,866 92,631 184,771 115,400 (1,783)   (38,296)   -   123,706   7.81
Great-West Loomis Sayles Small Cap Value Fund Institutional Class 9,399 36,483 77,257 45,931 (654)   (18,839)   -   48,970   3.09
Great-West Mid Cap Value Fund Institutional Class 6,930 31,691 66,867 38,860 412   (17,150)   -   42,548   2.69
Great-West Real Estate Index Fund Institutional Class 4,182 20,663 42,654 28,114 (918)   (7,520)   -   27,683   1.75
Great-West S&P 500® Index Fund Institutional Class 27,866 162,890 312,698 209,877 (5,942)   (48,076)   -   217,635   13.75
Great-West S&P Mid Cap 400® Index Fund Institutional Class 14,908 69,689 143,291 88,992 (2,143)   (30,516)   -   93,472   5.91
Great-West S&P SmallCap 600® Index Fund Institutional Class 16,946 67,638 142,479 89,290 (4,680)   (30,165)   -   90,662   5.73
Great-West Small Cap Growth Fund Institutional Class 1,045 6,254 12,637 7,477 408   (3,005)   -   8,409   0.53
Great-West T. Rowe Price Mid Cap Growth Fund Institutional Class 6,341 30,201 59,768 39,273 (879)   (10,302)   -   40,394   2.55
          (16,624)   (358,225)   0   1,299,915   82.11
FIXED INTEREST CONTRACT                          
Great-West Life & Annuity Contract 4,573 3,432 7,055 5,930 -   -   16   4,573   0.29
          0   0   16   4,573   0.29
        Total $(15,808)   $(361,248)   $350   $1,410,620   89.10%
March 31, 2020