GMO Opportunistic Income Fund
Name
As of 03/27/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
1.3%
1 yr return
6.5%
3 Yr Avg Return
2.3%
5 Yr Avg Return
N/A
Net Assets
$1.45 B
Holdings in Top 10
34.5%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.71%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 95.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 03/27/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
GMOLX - Profile
Distributions
- YTD Total Return 1.3%
- 3 Yr Annualized Total Return 2.3%
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 2.97%
- Dividend Yield 0.6%
- Dividend Distribution Frequency SemiAnnual
Fund Details
-
Legal NameGMO Opportunistic Income Fund
-
Fund Family NameGMO Mutual Funds
-
Inception DateNov 05, 2019
-
Shares OutstandingN/A
-
Share ClassI
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerJoe Auth
Fund Description
GMOLX - Performance
Return Ranking - Trailing
Period | GMOLX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 1.3% | -6.5% | 5.7% | 45.90% |
1 Yr | 6.5% | -9.3% | 24.0% | 60.12% |
3 Yr | 2.3%* | -16.7% | 18.1% | 14.96% |
5 Yr | N/A* | -13.0% | 15.2% | 18.23% |
10 Yr | N/A* | -13.4% | 6.7% | 42.03% |
* Annualized
Return Ranking - Calendar
Period | GMOLX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 0.8% | -12.0% | 15.7% | 77.62% |
2022 | -7.1% | -31.8% | 18.4% | 20.73% |
2021 | 0.7% | -26.6% | 25.7% | 13.89% |
2020 | -0.9% | -49.2% | 18.7% | 71.91% |
2019 | N/A | -35.1% | 15.3% | N/A |
Total Return Ranking - Trailing
Period | GMOLX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 1.3% | -6.5% | 5.7% | 45.90% |
1 Yr | 6.5% | -9.3% | 24.0% | 60.12% |
3 Yr | 2.3%* | -16.7% | 18.1% | 14.96% |
5 Yr | N/A* | -13.0% | 15.2% | 16.50% |
10 Yr | N/A* | -13.4% | 6.7% | 37.91% |
* Annualized
Total Return Ranking - Calendar
Period | GMOLX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 6.9% | -7.0% | 22.2% | 68.21% |
2022 | -2.3% | -31.8% | 21.1% | 11.87% |
2021 | 2.6% | -13.5% | 49.9% | 40.20% |
2020 | 3.1% | -28.6% | 24.1% | 71.73% |
2019 | N/A | -4.8% | 19.1% | N/A |
NAV & Total Return History
GMOLX - Holdings
Concentration Analysis
GMOLX | Category Low | Category High | GMOLX % Rank | |
---|---|---|---|---|
Net Assets | 1.45 B | 2.32 M | 127 B | 34.57% |
Number of Holdings | 344 | 2 | 10577 | 57.21% |
Net Assets in Top 10 | 453 M | -1.57 B | 65.8 B | 32.32% |
Weighting of Top 10 | 34.47% | 0.7% | 170.6% | 39.97% |
Top 10 Holdings
- REPO DAIWA 17.49%
- United States Treasury Floating Rate Note 3.57%
- Uniform Mortgage-Backed Security, TBA 3.12%
- Uniform Mortgage-Backed Security, TBA 2.87%
- State Street Institutional Treasury Money Market Fund 1.41%
- SLM Private Credit Student Loan Trust 2006-A 1.34%
- Benchmark 2019-B15 Mortgage Trust 1.21%
- National Collegiate Student Loan Trust 2007-1 1.18%
- SLM Private Credit Student Loan Trust 2007-A 1.15%
- Benchmark 2019-B12 Mortgage Trust 1.13%
Asset Allocation
Weighting | Return Low | Return High | GMOLX % Rank | |
---|---|---|---|---|
Bonds | 58.89% | -150.81% | 203.29% | 83.46% |
Other | 44.42% | -72.32% | 100.00% | 3.19% |
Cash | 1.41% | -94.66% | 258.91% | 73.44% |
Stocks | 0.83% | -1.60% | 99.88% | 40.52% |
Preferred Stocks | 0.00% | 0.00% | 30.46% | 58.27% |
Convertible Bonds | 0.00% | 0.00% | 33.50% | 88.63% |
Stock Sector Breakdown
Weighting | Return Low | Return High | GMOLX % Rank | |
---|---|---|---|---|
Utilities | 0.00% | 0.00% | 100.00% | N/A |
Technology | 0.00% | 0.00% | 28.30% | N/A |
Real Estate | 0.00% | 0.00% | 100.00% | N/A |
Industrials | 0.00% | 0.00% | 100.00% | N/A |
Healthcare | 0.00% | 0.00% | 18.60% | N/A |
Financial Services | 0.00% | 0.00% | 100.00% | N/A |
Energy | 0.00% | 0.00% | 100.00% | N/A |
Communication Services | 0.00% | 0.00% | 100.00% | N/A |
Consumer Defense | 0.00% | 0.00% | 99.97% | N/A |
Consumer Cyclical | 0.00% | 0.00% | 89.95% | N/A |
Basic Materials | 0.00% | 0.00% | 100.00% | N/A |
Stock Geographic Breakdown
Weighting | Return Low | Return High | GMOLX % Rank | |
---|---|---|---|---|
US | 0.83% | -1.47% | 99.88% | 37.63% |
Non US | 0.00% | -0.13% | 17.73% | 40.06% |
Bond Sector Breakdown
Weighting | Return Low | Return High | GMOLX % Rank | |
---|---|---|---|---|
Securitized | 55.02% | 0.00% | 99.65% | 14.08% |
Government | 34.47% | 0.00% | 99.43% | 10.33% |
Cash & Equivalents | 1.41% | 0.00% | 88.14% | 66.21% |
Derivative | 1.21% | -72.32% | 37.37% | 11.57% |
Corporate | 0.21% | 0.00% | 96.66% | 92.49% |
Municipal | 0.00% | 0.00% | 54.26% | 54.62% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | GMOLX % Rank | |
---|---|---|---|---|
US | 58.89% | -151.11% | 203.29% | 73.14% |
Non US | 0.00% | 0.00% | 67.77% | 76.63% |
GMOLX - Expenses
Operational Fees
GMOLX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.71% | 0.01% | 20.67% | 82.60% |
Management Fee | 0.55% | 0.00% | 2.29% | 32.53% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.00% | 0.70% | N/A |
Sales Fees
GMOLX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 0.00% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
GMOLX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 0.50% | 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.
GMOLX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 95.00% | 0.00% | 632.00% | 62.27% |
GMOLX - Distributions
Dividend Yield Analysis
GMOLX | Category Low | Category High | GMOLX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.62% | 0.00% | 18.15% | 14.29% |
Dividend Distribution Analysis
GMOLX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | SemiAnnual | Annually | Monthly | Quarterly |
Net Income Ratio Analysis
GMOLX | Category Low | Category High | GMOLX % Rank | |
---|---|---|---|---|
Net Income Ratio | 2.97% | -1.55% | 11.51% | 48.54% |
Capital Gain Distribution Analysis
GMOLX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Mar 01, 2024 | $0.074 | OrdinaryDividend |
Feb 01, 2024 | $0.083 | OrdinaryDividend |
Dec 08, 2023 | $1.186 | OrdinaryDividend |
Jul 07, 2023 | $0.257 | OrdinaryDividend |
Dec 09, 2022 | $0.711 | OrdinaryDividend |
Dec 10, 2021 | $0.398 | OrdinaryDividend |
Jul 02, 2021 | $0.092 | OrdinaryDividend |
Dec 10, 2020 | $0.762 | OrdinaryDividend |
Jul 02, 2020 | $0.264 | OrdinaryDividend |
Dec 12, 2019 | $1.193 | OrdinaryDividend |
GMOLX - Fund Manager Analysis
Managers
Joe Auth
Start Date
Tenure
Tenure Rank
Feb 06, 2015
7.32
7.3%
Mr. Auth has been responsible for providing portfolio management services to GMO’s structured credit portfolios since 2014. Previously, Mr. Auth was a portfolio manager at Harvard Management Company.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 28.19 | 5.72 | 3.19 |