GABFX: GMO Asset Allocation Bond VI

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GABFX GMO Asset Allocation Bond VI


Profile

GABFX - Profile

Vitals

  • YTD Return 5.4%
  • 3 Yr Annualized Return 1.3%
  • 5 Yr Annualized Return -0.7%
  • Net Assets $166 M
  • Holdings in Top 10 99.8%

52 WEEK LOW AND HIGH

$23.21
$21.00
$23.21

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.37%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 16.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $300,000,000
  • IRA N/A

Fund Classification

  • Primary Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style Multisector Bond

Distributions

  • YTD Total Return 5.4%
  • 3 Yr Annualized Total Return 1.9%
  • 5 Yr Annualized Total Return 1.1%
  • Capital Gain Distribution Frequency Semi-Annually
  • Net Income Ratio 2.49%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    GMO Asset Allocation Bond Fund
  • Fund Family Name
    GMO
  • Inception Date
    Mar 18, 2009
  • Shares Outstanding
    N/A
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Ben Inker

Fund Description

Under normal circumstances, the fund invests directly and indirectly (e.g., through other GMO Funds or derivatives) at least 80% of its assets in bonds. The term "bond" includes (i) obligations of an issuer to make payments on future dates of principal, interest (whether fixed or variable) or both and (ii) synthetic debt instruments created by GMO by using derivatives (e.g., a futures contract, swap contract, currency forward, or option). It is non-diversified.


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Categories

Performance

GABFX - Performance

Return Ranking - Trailing

Period GABFX Return Category Return Low Category Return High Rank in Category (%)
YTD 5.4% -55.0% 5.4% 0.28%
1 Yr 3.8% -55.2% 10.9% 4.75%
3 Yr 1.3%* -38.2% 4.9% 1.02%
5 Yr -0.7%* -32.1% 17.2% 34.55%
10 Yr -1.3%* -5.3% 0.9% 86.18%

* Annualized

Return Ranking - Calendar

Period GABFX Return Category Return Low Category Return High Rank in Category (%)
2019 3.1% -35.1% 15.3% 86.77%
2018 -4.2% -48.0% 0.8% 17.28%
2017 1.3% -14.8% 11.2% 72.40%
2016 -0.1% -11.2% 19.1% 90.84%
2015 -12.2% -51.1% 4.0% 91.88%

Total Return Ranking - Trailing

Period GABFX Return Category Return Low Category Return High Rank in Category (%)
YTD 5.4% -55.0% 5.4% 0.28%
1 Yr 3.8% -55.2% 6.2% 5.34%
3 Yr 1.9%* -38.2% 3.4% 7.48%
5 Yr 1.1%* -32.1% 17.2% 20.73%
10 Yr 1.7%* -5.3% 5.4% 21.14%

* Annualized

Total Return Ranking - Calendar

Period GABFX Return Category Return Low Category Return High Rank in Category (%)
2019 3.1% -35.1% 15.3% 87.08%
2018 -3.4% -48.0% 4.8% 35.55%
2017 2.4% -14.8% 14.0% 67.74%
2016 -0.1% -11.2% 22.5% 93.04%
2015 -5.8% -51.1% 4.0% 59.40%

NAV & Total Return History


Holdings

GABFX - Holdings

Concentration Analysis

GABFX Category Low Category High GABFX % Rank
Net Assets 166 M 6.88 M 114 B 72.51%
Number of Holdings 11 6 7410 98.58%
Net Assets in Top 10 244 M -41 B 5.37 B 32.95%
Weighting of Top 10 99.83% 4.3% 214.0% 2.40%

Top 10 Holdings

  1. United States Treasury Bonds 1.75% 25.55%
  2. United States Treasury Bonds 2.5% 21.86%
  3. United States Treasury Notes 0.38% 13.24%
  4. United States Treasury Notes 0.5% 13.00%
  5. United States Treasury Notes 0.88% 9.05%
  6. United States Treasury Notes 0.75% 6.28%
  7. United States Treasury Notes 0.63% 5.56%
  8. GMO US Treasury 3.54%
  9. United States Treasury Notes 0.25% 1.75%

Asset Allocation

Weighting Return Low Return High GABFX % Rank
Bonds
99.82% 36.67% 233.78% 14.41%
Cash
0.18% -144.73% 60.85% 81.25%
Stocks
0.00% -0.56% 27.98% 81.07%
Preferred Stocks
0.00% 0.00% 51.94% 82.10%
Other
0.00% -24.69% 31.60% 65.63%
Convertible Bonds
0.00% 0.00% 15.09% 92.33%

Bond Sector Breakdown

Weighting Return Low Return High GABFX % Rank
Government
99.82% 0.00% 99.82% 0.57%
Cash & Equivalents
0.17% 0.17% 59.29% 100.00%
Corporate
0.01% 0.00% 92.34% 96.88%
Derivative
0.00% -0.44% 41.70% 73.01%
Securitized
0.00% 0.00% 99.22% 98.58%
Municipal
0.00% 0.00% 37.30% 73.01%

Bond Geographic Breakdown

Weighting Return Low Return High GABFX % Rank
US
99.82% 22.25% 233.33% 9.66%
Non US
0.00% -74.15% 71.00% 94.60%

Expenses

GABFX - Expenses

Operational Fees

GABFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.37% 0.06% 24.26% 98.52%
Management Fee 0.31% 0.00% 2.25% 4.43%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.70% N/A

Sales Fees

GABFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 5.75% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

GABFX 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.

GABFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 16.00% 0.00% 472.00% 6.13%

Distributions

GABFX - Distributions

Dividend Yield Analysis

GABFX Category Low Category High GABFX % Rank
Dividend Yield 0.00% 0.00% 4.90% 64.92%

Dividend Distribution Analysis

GABFX Category Low Category High Category Mod
Dividend Distribution Frequency None Monthly Monthly Monthly

Net Income Ratio Analysis

GABFX Category Low Category High GABFX % Rank
Net Income Ratio 2.49% 1.07% 10.10% 94.08%

Capital Gain Distribution Analysis

GABFX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Semi-Annually Annually Semi-Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

GABFX - Fund Manager Analysis

Managers

Ben Inker


Start Date

Tenure

Tenure Rank

Nov 03, 2014

5.49

5.5%

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.

Greg Jones


Start Date

Tenure

Tenure Rank

Feb 06, 2015

5.23

5.2%

Portfolio Manager, Developed Fixed Income Team, GMO. Dr. Jones has been responsible for providing portfolio management and research services to GMO’s developed fixed income portfolios since 2008.

Jason Hotra


Start Date

Tenure

Tenure Rank

Jun 01, 2016

3.92

3.9%

Mr. Hotra is a Portfolio Manager for Developed Fixed Income Team of GMO. Mr. Hotra has been responsible for providing portfolio management services to GMO’s developed fixed income portfolios since June 2016. Previously, Mr. Hotra was a portfolio manager at Convexity Capital Management.

John Thorndike


Start Date

Tenure

Tenure Rank

Jun 30, 2019

0.84

0.8%

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
0.16 28.98 5.68 5.33