GMO Alpha Only III
Name
As of 02/21/2020Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
-5.6%
1 yr return
-11.3%
3 Yr Avg Return
-2.5%
5 Yr Avg Return
-2.1%
Net Assets
$41.9 M
Holdings in Top 10
14.2%
52 WEEK LOW AND HIGH
$17.0
$16.78
$18.54
Expenses
OPERATING FEES
Expense Ratio 1.02%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 90.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$5,000,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 02/21/2020Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
GGHEX - Profile
Distributions
- YTD Total Return -5.6%
- 3 Yr Annualized Total Return -2.5%
- 5 Yr Annualized Total Return -2.1%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 2.15%
- Dividend Yield 4.0%
- Dividend Distribution Frequency Semi-Annually
Fund Details
-
Legal NameGMO Alpha Only Fund
-
Fund Family NameGMO
-
Inception DateJul 29, 1994
-
Shares OutstandingN/A
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerBen Inker
Fund Description
GGHEX - Performance
Return Ranking - Trailing
| Period | GGHEX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -5.6% | -33.5% | 98.2% | 76.52% |
| 1 Yr | -11.3% | -32.6% | 24.7% | 82.20% |
| 3 Yr | -2.5%* | -18.4% | 9.8% | 70.00% |
| 5 Yr | -2.1%* | -11.0% | 6.4% | 80.72% |
| 10 Yr | -1.5%* | -6.7% | 9.5% | 97.22% |
* Annualized
Return Ranking - Calendar
| Period | GGHEX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | -13.0% | -20.7% | 10.7% | 92.86% |
| 2022 | -5.4% | -17.7% | 14.7% | 76.19% |
| 2021 | 5.0% | -21.2% | 12.9% | 9.89% |
| 2020 | -5.1% | -17.6% | 13.5% | 93.83% |
| 2019 | -5.0% | -71.0% | 59.6% | 74.29% |
Total Return Ranking - Trailing
| Period | GGHEX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -5.6% | -33.5% | 98.2% | 76.52% |
| 1 Yr | -11.3% | -32.6% | 24.7% | 82.20% |
| 3 Yr | -2.5%* | -18.4% | 9.8% | 70.00% |
| 5 Yr | -2.1%* | -11.0% | 6.4% | 80.72% |
| 10 Yr | -1.5%* | -6.7% | 9.5% | 97.22% |
* Annualized
Total Return Ranking - Calendar
| Period | GGHEX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | -13.0% | -20.7% | 10.7% | 92.86% |
| 2022 | -1.3% | -17.7% | 14.7% | 52.38% |
| 2021 | 6.2% | -12.7% | 12.9% | 14.29% |
| 2020 | -2.2% | -17.6% | 13.5% | 90.12% |
| 2019 | -3.4% | -71.0% | 59.6% | 61.43% |
NAV & Total Return History
GGHEX - Holdings
Concentration Analysis
| GGHEX | Category Low | Category High | GGHEX % Rank | |
|---|---|---|---|---|
| Net Assets | 41.9 M | 105 K | 10 B | 67.50% |
| Number of Holdings | 664 | 4 | 2766 | 22.22% |
| Net Assets in Top 10 | 10.9 M | -184 M | 5.33 B | 52.14% |
| Weighting of Top 10 | 14.22% | 6.1% | 96.9% | 84.85% |
Top 10 Holdings
- United States Treasury Notes 4.51%
- GMO US Treasury 2.82%
- Gazprom PJSC ADR 1.20%
- Sanofi SA 0.95%
- Fulton Financial Corp 0.81%
- GlaxoSmithKline PLC ADR 0.81%
- Shinhan Financial Group Co Ltd 0.80%
- JBS SA 0.80%
- Wal-mart de Mexico S A B de C V 0.77%
- Nippon Telegraph & Telephone Corp 0.76%
Asset Allocation
| Weighting | Return Low | Return High | GGHEX % Rank | |
|---|---|---|---|---|
| Stocks | 91.74% | -47.96% | 325.56% | 7.56% |
| Bonds | 7.13% | -0.04% | 71.57% | 24.37% |
| Cash | 0.72% | -225.56% | 106.20% | 85.47% |
| Preferred Stocks | 0.56% | 0.00% | 6.53% | 17.95% |
| Convertible Bonds | 0.00% | 0.00% | 94.81% | 42.74% |
| Other | -0.16% | -6.69% | 90.75% | 91.45% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | GGHEX % Rank | |
|---|---|---|---|---|
| Financial Services | 26.92% | 0.00% | 100.00% | 26.42% |
| Consumer Cyclical | 12.96% | 0.00% | 20.79% | 25.47% |
| Industrials | 12.15% | 0.00% | 27.12% | 42.45% |
| Technology | 9.86% | 0.00% | 100.00% | 72.64% |
| Basic Materials | 8.01% | 0.00% | 9.04% | 1.89% |
| Real Estate | 7.46% | 0.00% | 100.00% | 7.55% |
| Energy | 5.74% | 0.00% | 31.78% | 16.04% |
| Utilities | 4.96% | 0.00% | 66.28% | 20.75% |
| Communication Services | 4.29% | 0.00% | 33.72% | 66.04% |
| Healthcare | 3.99% | 0.00% | 100.00% | 84.91% |
| Consumer Defense | 3.66% | 0.00% | 31.86% | 50.94% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | GGHEX % Rank | |
|---|---|---|---|---|
| Non US | 56.91% | -8.77% | 56.91% | 0.85% |
| US | 34.83% | -46.42% | 325.56% | 24.79% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | GGHEX % Rank | |
|---|---|---|---|---|
| Government | 84.72% | 0.00% | 84.72% | 0.85% |
| Cash & Equivalents | 8.60% | 0.00% | 100.00% | 96.58% |
| Corporate | 6.68% | 0.00% | 100.00% | 32.48% |
| Derivative | 0.00% | 0.00% | 32.49% | 35.04% |
| Securitized | 0.00% | 0.00% | 44.65% | 24.79% |
| Municipal | 0.00% | 0.00% | 2.40% | 23.93% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | GGHEX % Rank | |
|---|---|---|---|---|
| US | 7.13% | -0.04% | 59.77% | 21.37% |
| Non US | 0.00% | 0.00% | 21.18% | 41.88% |
GGHEX - Expenses
Operational Fees
| GGHEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.02% | 0.64% | 23.08% | 91.45% |
| Management Fee | 0.65% | 0.13% | 1.75% | 17.50% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.06% | 0.40% | N/A |
Sales Fees
| GGHEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 2.75% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| GGHEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| GGHEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 90.00% | 30.00% | 483.00% | 23.23% |
GGHEX - Distributions
Dividend Yield Analysis
| GGHEX | Category Low | Category High | GGHEX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 3.95% | 0.00% | 3.69% | 21.67% |
Dividend Distribution Analysis
| GGHEX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Semi-Annually | Annually | Quarterly | Annually |
Net Income Ratio Analysis
| GGHEX | Category Low | Category High | GGHEX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 2.15% | -3.64% | 3.48% | 11.11% |
Capital Gain Distribution Analysis
| GGHEX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 19, 2018 | $0.796 | |
| Jun 20, 2018 | $0.078 | |
| Dec 21, 2017 | $0.167 | |
| Jul 13, 2017 | $0.082 | |
| Dec 22, 2016 | $0.313 | |
| Jul 14, 2016 | $0.314 | |
| Jul 14, 2015 | $0.377 | |
| Dec 24, 2014 | $0.425 | |
| Jul 11, 2013 | $0.012 | |
| Jul 12, 2012 | $0.073 | |
| Dec 27, 2011 | $0.336 | |
| Jul 08, 2009 | $0.045 | |
| Mar 10, 2009 | $0.249 | |
| Dec 26, 2008 | $3.327 | |
| Nov 12, 2008 | $0.769 | |
| Jul 09, 2008 | $0.105 | |
| Dec 28, 2007 | $0.207 | |
| Dec 28, 2006 | $0.161 | |
| Jul 07, 2006 | $0.040 | |
| Dec 30, 2005 | $0.353 | |
| Dec 31, 2001 | $0.532 |
GGHEX - Fund Manager Analysis
Managers
Ben Inker
Start Date
Tenure
Tenure Rank
Dec 31, 1996
23.1
23.1%
Mr. Inker, Co-Heads of the Division, is the director of asset allocation. Mr. Inker has been responsible for overseeing the portfolio management of GMO's asset allocation portfolios since 1996. Mr. Inker joined Grantham, Mayo, Van Otterloo & Co. LLC in 1992 following the completion of his B.A. in Economics from Yale University. He is a CFA charterholder.
John Thorndike
Start Date
Tenure
Tenure Rank
Jun 30, 2019
0.59
0.6%
John Thorndike joined TAS in 2004. Prior to joining TAS, Mr. Thorndike was an analyst in the investment office of Bowdoin College.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.13 | 30.09 | 6.06 | 6.79 |