GMO High Yield Fund
Name
As of 04/29/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
0.6%
1 yr return
8.9%
3 Yr Avg Return
2.5%
5 Yr Avg Return
4.1%
Net Assets
$172 M
Holdings in Top 10
82.5%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.47%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 98.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$300,000,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 04/29/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
GHVIX - Profile
Distributions
- YTD Total Return 0.6%
- 3 Yr Annualized Total Return 2.5%
- 5 Yr Annualized Total Return 4.1%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.05%
- Dividend Yield 8.7%
- Dividend Distribution Frequency SemiAnnual
Fund Details
-
Legal NameGMO High Yield Fund
-
Fund Family NameGMO Mutual Funds
-
Inception DateJun 25, 2018
-
Shares OutstandingN/A
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerJoe Auth
Fund Description
GHVIX - Performance
Return Ranking - Trailing
Period | GHVIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 0.6% | -7.8% | 6.5% | 59.81% |
1 Yr | 8.9% | -8.4% | 18.0% | 42.99% |
3 Yr | 2.5%* | -16.7% | 20.0% | 18.06% |
5 Yr | 4.1%* | -12.2% | 36.6% | 16.17% |
10 Yr | N/A* | -5.0% | 19.4% | N/A |
* Annualized
Return Ranking - Calendar
Period | GHVIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 8.2% | -4.7% | 14.3% | 2.83% |
2022 | -14.8% | -33.4% | 3.6% | 37.20% |
2021 | -7.8% | -8.4% | 14.9% | 99.50% |
2020 | 3.1% | -13.9% | 302.7% | 9.04% |
2019 | 6.0% | -4.4% | 13.3% | 76.71% |
Total Return Ranking - Trailing
Period | GHVIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 0.6% | -7.8% | 6.5% | 59.81% |
1 Yr | 8.9% | -8.4% | 18.0% | 42.99% |
3 Yr | 2.5%* | -16.7% | 20.0% | 18.06% |
5 Yr | 4.1%* | -12.2% | 36.6% | 16.17% |
10 Yr | N/A* | -5.0% | 19.4% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | GHVIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 12.9% | -4.7% | 18.2% | 28.03% |
2022 | -8.0% | -33.4% | 47.8% | 17.33% |
2021 | 5.0% | -8.4% | 24.8% | 50.33% |
2020 | 5.5% | -9.6% | 325.6% | 50.34% |
2019 | 14.3% | 0.9% | 21.5% | 39.05% |
NAV & Total Return History
GHVIX - Holdings
Concentration Analysis
GHVIX | Category Low | Category High | GHVIX % Rank | |
---|---|---|---|---|
Net Assets | 172 M | 1.45 M | 23.6 B | 76.36% |
Number of Holdings | 114 | 2 | 2736 | 91.72% |
Net Assets in Top 10 | 132 M | -492 M | 4.55 B | 37.03% |
Weighting of Top 10 | 82.52% | 4.2% | 146.9% | 1.72% |
Top 10 Holdings
- Nomura Securities International, Inc. 35.09%
- U.S. Treasury Floating Rate Notes 10.54%
- Japan Treasury Discount Bill 8.48%
- Japan Treasury Discount Bill 7.40%
- Japan Treasury Discount Bill 6.40%
- U.S. Treasury Floating Rate Notes 5.24%
- U.S. Treasury Floating Rate Notes 4.50%
- U.S. Treasury Floating Rate Notes 3.20%
- State Street Institutional Treasury Money Market Fund 1.15%
- TRSWAP: IBOXHY INDEX 0.52%
Asset Allocation
Weighting | Return Low | Return High | GHVIX % Rank | |
---|---|---|---|---|
Bonds | 38.80% | -3.13% | 154.38% | 96.58% |
Other | 38.01% | -63.70% | 102.57% | 0.63% |
Cash | 23.42% | -52.00% | 48.07% | 1.09% |
Stocks | 0.00% | 0.00% | 99.54% | 78.85% |
Preferred Stocks | 0.00% | 0.00% | 7.88% | 56.88% |
Convertible Bonds | 0.00% | 0.00% | 17.89% | 95.00% |
Bond Sector Breakdown
Weighting | Return Low | Return High | GHVIX % Rank | |
---|---|---|---|---|
Government | 46.54% | 0.00% | 99.07% | 0.78% |
Cash & Equivalents | 23.42% | 0.00% | 48.07% | 1.09% |
Corporate | 20.50% | 0.00% | 129.69% | 98.12% |
Derivative | 2.92% | -15.04% | 42.26% | 2.81% |
Securitized | 0.00% | 0.00% | 97.24% | 61.03% |
Municipal | 0.00% | 0.00% | 4.66% | 31.92% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | GHVIX % Rank | |
---|---|---|---|---|
US | 38.80% | -3.13% | 129.21% | 96.09% |
Non US | 0.00% | 0.00% | 98.19% | 55.63% |
GHVIX - Expenses
Operational Fees
GHVIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.47% | 0.02% | 38.33% | 92.67% |
Management Fee | 0.41% | 0.00% | 1.84% | 15.26% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.00% | 0.50% | N/A |
Sales Fees
GHVIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 2.25% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
GHVIX 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.
GHVIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 98.00% | 1.00% | 255.00% | 86.05% |
GHVIX - Distributions
Dividend Yield Analysis
GHVIX | Category Low | Category High | GHVIX % Rank | |
---|---|---|---|---|
Dividend Yield | 8.70% | 0.00% | 11.76% | 85.25% |
Dividend Distribution Analysis
GHVIX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | SemiAnnual | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
GHVIX | Category Low | Category High | GHVIX % Rank | |
---|---|---|---|---|
Net Income Ratio | 1.05% | -2.39% | 14.30% | 99.36% |
Capital Gain Distribution Analysis
GHVIX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 18, 2023 | $0.776 | OrdinaryDividend |
Dec 19, 2022 | $1.298 | OrdinaryDividend |
Dec 20, 2019 | $1.155 | OrdinaryDividend |
Jul 10, 2019 | $0.416 | OrdinaryDividend |
GHVIX - Fund Manager Analysis
Managers
Joe Auth
Start Date
Tenure
Tenure Rank
Apr 16, 2018
4.13
4.1%
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 |
---|---|---|---|
0.13 | 37.79 | 7.16 | 8.17 |