GBMIX: GMO Benchmark-Free Allocation Fund

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GBMIX GMO Benchmark-Free Allocation Fund


Profile

GBMIX - Profile

Vitals

  • YTD Return -1.4%
  • 3 Yr Annualized Return N/A
  • 5 Yr Annualized Return N/A
  • Net Assets $9.24 B
  • Holdings in Top 10 100.0%

52 WEEK LOW AND HIGH

$26.66
$26.35
$27.80

Expenses

OPERATING RELATED FEES

  • Expense Ratio N/A

SALES FEES

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

BROKERAGE FEES

  • Turnover 18.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $0
  • IRA N/A

Fund Classification

  • Primary Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style World Allocation

Distributions

  • YTD Total Return -1.4%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio N/A
DIVIDENDS
  • Dividend Yield 3.3%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    GMO Benchmark-Free Allocation Fund
  • Fund Family Name
    GMO
  • Inception Date
    Aug 08, 2019
  • Shares Outstanding
    N/A
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Ben Inker

Fund Description

The fund is structured as a fund of funds and gains its investment exposures primarily by investing in Implementation Fund. It 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.


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Categories

Performance

GBMIX - Performance

Return Ranking - Trailing

Period GBMIX Return Category Return Low Category Return High Rank in Category (%)
YTD -1.4% -3.4% 5.1% 98.73%
1 Yr N/A -5.5% 25.0% 25.00%
3 Yr N/A* -3.5% 7.3% 25.00%
5 Yr N/A* -5.0% 24.3% 50.00%
10 Yr N/A* -1.9% 13.5% 50.00%

* Annualized

Return Ranking - Calendar

Period GBMIX Return Category Return Low Category Return High Rank in Category (%)
2019 N/A 0.0% 27.6% N/A
2018 N/A -24.2% 1.1% N/A
2017 N/A -0.6% 16.9% N/A
2016 N/A -3.9% 209.2% N/A
2015 N/A -19.9% 0.3% N/A

Total Return Ranking - Trailing

Period GBMIX Return Category Return Low Category Return High Rank in Category (%)
YTD -1.4% -3.4% 5.1% 98.73%
1 Yr N/A -5.5% 25.0% 25.00%
3 Yr N/A* -3.2% 8.6% 25.00%
5 Yr N/A* -5.0% 28.7% 50.00%
10 Yr N/A* -1.9% 17.7% 50.00%

* Annualized

Total Return Ranking - Calendar

Period GBMIX Return Category Return Low Category Return High Rank in Category (%)
2019 N/A 0.0% 27.6% N/A
2018 N/A -24.2% 3.8% N/A
2017 N/A 0.0% 20.3% N/A
2016 N/A -3.9% 216.9% N/A
2015 N/A -17.8% 1.4% N/A

NAV & Total Return History


Holdings

GBMIX - Holdings

Concentration Analysis

GBMIX Category Low Category High GBMIX % Rank
Net Assets 9.24 B 1.03 M 15.2 B 2.53%
Number of Holdings 9 2 821 90.97%
Net Assets in Top 10 10.1 B -18.6 M 10.1 B 1.94%
Weighting of Top 10 100.00% 9.3% 100.0% 5.33%

Top 10 Holdings

  1. GMO Implementation 77.03%
  2. GMO SGM Major Markets VI 7.47%
  3. GMO Opportunistic Income VI 4.96%
  4. GMO Emerging Country Debt IV 3.97%
  5. GMO Special Opportunities VI 2.50%
  6. GMO Risk Premium VI 2.50%
  7. GMO High Yield VI 1.56%

Asset Allocation

Weighting Return Low Return High GBMIX % Rank
Stocks
56.58% -5.19% 72.76% 47.74%
Bonds
34.51% 0.00% 87.25% 43.87%
Cash
6.00% -115.38% 45.96% 49.68%
Other
2.52% -0.62% 215.38% 28.39%
Preferred Stocks
0.39% 0.00% 31.63% 25.81%
Convertible Bonds
0.01% 0.00% 19.10% 81.29%

Stock Sector Breakdown

Weighting Return Low Return High GBMIX % Rank
Financial Services
22.86% 0.00% 69.68% 12.41%
Consumer Cyclical
14.34% 0.00% 14.34% 2.19%
Technology
13.38% 0.00% 23.23% 40.88%
Industrials
10.55% 0.00% 68.51% 64.23%
Healthcare
7.09% 0.00% 23.15% 72.26%
Basic Materials
6.85% 0.00% 15.20% 18.98%
Energy
6.21% 0.00% 19.98% 43.80%
Consumer Defense
6.17% 0.00% 14.15% 72.99%
Real Estate
5.12% 0.00% 46.82% 54.74%
Utilities
3.89% 0.00% 31.49% 42.34%
Communication Services
3.56% 0.00% 19.01% 75.18%

Stock Geographic Breakdown

Weighting Return Low Return High GBMIX % Rank
Non US
43.90% -5.23% 51.15% 2.58%
US
12.68% 0.00% 45.07% 69.03%

Bond Sector Breakdown

Weighting Return Low Return High GBMIX % Rank
Government
65.53% 0.00% 74.97% 14.19%
Cash & Equivalents
14.55% 0.67% 100.00% 63.23%
Securitized
11.18% 0.00% 26.79% 30.32%
Corporate
8.63% 0.00% 95.84% 76.13%
Municipal
0.12% 0.00% 3.39% 23.23%
Derivative
0.00% -2.45% 47.22% 88.39%

Bond Geographic Breakdown

Weighting Return Low Return High GBMIX % Rank
US
28.66% 0.00% 54.54% 21.29%
Non US
5.85% 0.00% 77.37% 74.19%

Expenses

GBMIX - Expenses

Operational Fees

GBMIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio N/A 0.01% 11.96% N/A
Management Fee 0.80% 0.00% 2.08% 82.93%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.03% 0.25% N/A

Sales Fees

GBMIX 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% 5.00% N/A

Trading Fees

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

GBMIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 18.00% 0.00% 276.00% 38.78%

Distributions

GBMIX - Distributions

Dividend Yield Analysis

GBMIX Category Low Category High GBMIX % Rank
Dividend Yield 3.34% 0.00% 4.57% 4.88%

Dividend Distribution Analysis

GBMIX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Quarterly Annually

Net Income Ratio Analysis

GBMIX Category Low Category High GBMIX % Rank
Net Income Ratio N/A -0.77% 5.46% N/A

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

GBMIX - Fund Manager Analysis

Managers

Ben Inker


Start Date

Tenure

Tenure Rank

Jul 23, 2003

16.54

16.5%

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.

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
0.01 29.25 4.79 5.17