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Trending ETFs

Name

As of 06/14/2024

Price

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

$26.65

$3.86 B

0.00%

1.24%

Vitals

YTD Return

2.8%

1 yr return

5.2%

3 Yr Avg Return

1.5%

5 Yr Avg Return

2.9%

Net Assets

$3.86 B

Holdings in Top 10

100.0%

52 WEEK LOW AND HIGH

$26.8
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.24%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 7.00%

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 06/14/2024

Price

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

$26.65

$3.86 B

0.00%

1.24%

GBMFX - Profile

Distributions

  • YTD Total Return 2.8%
  • 3 Yr Annualized Total Return 1.5%
  • 5 Yr Annualized Total Return 2.9%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.15%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency SemiAnnual

Fund Details

  • Legal Name
    GMO Benchmark-Free Allocation Fund
  • Fund Family Name
    GMO Mutual Funds
  • Inception Date
    Jul 23, 2003
  • Shares Outstanding
    N/A
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Ben Inker

Fund Description

The Fund seeks annualized returns of 5% (net of fees) above the Consumer Price Index and annualized volatility (standard deviation) of 5-10%, each over a complete market cycle. GMO does not manage the Fund to, or control the Fund’s risk relative to, any securities index or securities benchmark.GMO seeks to achieve the Fund’s investment objective by investing the Fund’s assets in asset classes GMO believes offer the most attractive return and risk opportunities. GMO uses its quantitative multi-year forecasts of returns among asset classes, together with its assessment of the relative risks of such asset classes, to determine the asset classes in which the Fund invests and how much the Fund invests in each asset class. An important component of those forecasts is GMO’s expectation that valuations ultimately revert to their fundamental fair (or intrinsic) value. GMO changes the Fund’s holdings of particular asset classes in response to changes in GMO’s investment outlook and its assessment of market valuations and may use redemptions or purchases of Fund shares to rebalance the Fund’s investments. The factors GMO considers and investment methods GMO uses can change over time.The Fund is structured as a fund of funds and gains its investment exposures primarily by investing in Implementation Fund. In addition, the Fund may invest in any other GMO Fund (together with Implementation Fund, the “underlying GMO Funds”), whether now existing or created in the future. These underlying GMO Funds may include, among others, Opportunistic Income Fund, Emerging Country Debt Fund, High Yield Fund, and the Alternative Funds (see “Additional Information About the Funds’ Investment Strategies, Risks, and Expenses — Asset Allocation Funds”).The Fund is permitted to invest (directly or through Implementation Fund or other underlying GMO Funds) in any asset class (e.g., U.S. equity, non-U.S. equity, emerging country equity, U.S. fixed income, non-U.S. fixed income, emerging country debt and commodities), strategy (including long/short and event-driven strategies), sector, country, or region, and at times may have substantial exposure to a single asset class, sector, country, region, or currency or companies with similar market capitalizations. In addition, the Fund is not restricted in its exposure to any particular market and may invest in securities of companies of any market capitalization, and, in the case of debt instruments, of any credit quality (including below investment grade securities (commonly referred to as “high yield” or “junk bonds”)), maturity or duration. The Fund typically has substantial exposure to derivatives and short-sales through its investment in Implementation Fund and the other underlying GMO Funds. GMO’s ability to shift investments within Implementation Fund and between Implementation Fund and the other underlying GMO Funds is not subject to any limits.In seeking to achieve the Fund’s investment objective, GMO may invest a significant portion of the Fund’s net assets in cash and cash equivalents. In addition, the Fund may lend its portfolio securities. The Fund also may invest in U.S. Treasury Fund, in money market funds unaffiliated with GMO, and directly in the types of investments typically held by money market funds.
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GBMFX - Performance

Return Ranking - Trailing

Period GBMFX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.8% -23.7% 16.4% 18.88%
1 Yr 5.2% -8.9% 48.3% 93.35%
3 Yr 1.5%* -2.2% 16.4% 95.10%
5 Yr 2.9%* -0.7% 13.4% 94.63%
10 Yr 2.2%* 0.9% 11.8% 90.25%

* Annualized

Return Ranking - Calendar

Period GBMFX Return Category Return Low Category Return High Rank in Category (%)
2023 7.3% -40.8% 20.6% 68.29%
2022 -5.3% -21.0% 24.5% 92.71%
2021 0.5% -24.2% 27.8% 85.98%
2020 -6.1% -23.1% 11.7% 19.40%
2019 8.0% -100.0% 20.6% 43.32%

Total Return Ranking - Trailing

Period GBMFX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.8% -23.7% 16.4% 18.24%
1 Yr 5.2% -12.8% 48.3% 87.08%
3 Yr 1.5%* -3.4% 16.4% 94.98%
5 Yr 2.9%* -1.1% 13.4% 94.51%
10 Yr 2.2%* 0.9% 11.8% 89.78%

* Annualized

Total Return Ranking - Calendar

Period GBMFX Return Category Return Low Category Return High Rank in Category (%)
2023 7.6% -40.8% 20.6% 68.29%
2022 -2.3% -21.0% 24.5% 92.71%
2021 3.0% -24.2% 27.8% 87.85%
2020 -2.5% -23.1% 11.7% 6.20%
2019 11.6% -2.9% 23.1% 50.41%

NAV & Total Return History


GBMFX - Holdings

Concentration Analysis

GBMFX Category Low Category High GBMFX % Rank
Net Assets 3.86 B 1.12 M 110 B 14.04%
Number of Holdings 5 2 10961 97.49%
Net Assets in Top 10 3.53 B -31.7 M 22 B 5.64%
Weighting of Top 10 100.05% 10.8% 100.0% 2.56%

Top 10 Holdings

  1. GMO Implementation Fund 91.78%
  2. GMO Opportunistic Income Fund 4.03%
  3. GMO Emerging Country Debt 3.09%
  4. GMO High Yield Fund 1.02%
  5. State Street Institutional Treasury Money Market Fund 0.13%

Asset Allocation

Weighting Return Low Return High GBMFX % Rank
Stocks
99.92% -45.72% 98.42% 98.12%
Cash
0.13% -97.12% 185.58% 5.64%
Preferred Stocks
0.00% -0.03% 14.00% 78.29%
Other
0.00% -1.25% 197.12% 0.42%
Convertible Bonds
0.00% 0.00% 25.49% 82.88%
Bonds
0.00% -39.76% 93.84% 98.96%

Stock Sector Breakdown

Weighting Return Low Return High GBMFX % Rank
Utilities
0.00% 0.00% 40.29% 67.73%
Technology
0.00% 0.00% 39.48% 56.48%
Real Estate
0.00% 0.00% 90.14% 49.47%
Industrials
0.00% 0.09% 32.39% 19.32%
Healthcare
0.00% 0.00% 30.30% 71.34%
Financial Services
0.00% 0.00% 30.34% 9.13%
Energy
0.00% 0.00% 38.61% 60.08%
Communication Services
0.00% 0.00% 28.59% 48.83%
Consumer Defense
0.00% 0.00% 31.85% 74.10%
Consumer Cyclical
0.00% 0.00% 20.84% 12.53%
Basic Materials
0.00% 0.00% 60.23% 21.66%

Stock Geographic Breakdown

Weighting Return Low Return High GBMFX % Rank
US
99.92% -4.82% 95.75% 98.54%
Non US
0.00% -46.69% 57.06% 97.29%

GBMFX - Expenses

Operational Fees

GBMFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.24% 0.16% 2.71% 59.29%
Management Fee 0.80% 0.00% 1.70% 84.58%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.70% N/A

Sales Fees

GBMFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% 86.21%
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

GBMFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 2.00% 2.00% 60.00%

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.

GBMFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 7.00% 0.00% 441.00% 8.13%

GBMFX - Distributions

Dividend Yield Analysis

GBMFX Category Low Category High GBMFX % Rank
Dividend Yield 0.00% 0.00% 10.92% 11.23%

Dividend Distribution Analysis

GBMFX Category Low Category High Category Mod
Dividend Distribution Frequency SemiAnnual Annually Monthly Monthly

Net Income Ratio Analysis

GBMFX Category Low Category High GBMFX % Rank
Net Income Ratio 2.15% -5.20% 6.33% 45.75%

Capital Gain Distribution Analysis

GBMFX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

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GBMFX - Fund Manager Analysis

Managers

Ben Inker


Start Date

Tenure

Tenure Rank

Jul 23, 2003

18.87

18.9%

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

2.92

2.9%

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
0.03 30.27 6.52 9.25