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Name

As of 06/01/2026

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

GMO Implementation Fund

GIMFX | Fund

$17.42

$2.25 B

6.16%

$1.07

0.47%

Vitals

YTD Return

13.7%

1 yr return

32.0%

3 Yr Avg Return

18.5%

5 Yr Avg Return

10.0%

Net Assets

$2.25 B

Holdings in Top 10

45.3%

52 WEEK LOW AND HIGH

$17.4
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.47%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 194.00%

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 06/01/2026

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

GMO Implementation Fund

GIMFX | Fund

$17.42

$2.25 B

6.16%

$1.07

0.47%

GIMFX - Profile

Distributions

  • YTD Total Return 13.7%
  • 3 Yr Annualized Total Return 18.5%
  • 5 Yr Annualized Total Return 10.0%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 2.95%
DIVIDENDS
  • Dividend Yield 6.2%
  • Dividend Distribution Frequency SemiAnnual

Fund Details

  • Legal Name
    GMO Implementation Fund
  • Fund Family Name
    GMO Mutual Funds
  • Inception Date
    Mar 01, 2012
  • Shares Outstanding
    N/A
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Ben Inker

Fund Description

The investment strategies GMO pursues for the Fund are intended to complement the strategies it is pursuing for GMO Benchmark-Free Allocation Fund and other accounts it manages. Accordingly, the Fund is not intended to serve as a standalone investment.GMO seeks to achieve the Fund’s investment objective by investing the Fund’s assets in asset classes GMO believes offer the most attractive risk-adjusted returns. GMO uses its quantitative multi-year forecasts of returns among asset classes, together with its assessment of the relative risks of 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 over a complete market cycle. GMO changes the Fund’s asset class exposures 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.GMO does not manage the Fund to, or control the Fund’s risk relative to, any securities index or securities benchmark. The Fund is permitted to invest in any asset class (e.g., U.S., non-U.S., and emerging market equity; U.S., non-U.S., and emerging market debt (including asset-backed securities and municipal bonds); real estate; and commodities), strategy (e.g., 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, issuer, or currency and 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 and duration. The Fund also may make extensive use of short sales. GMO’s ability to shift investments among asset classes is not subject to any limits.As an alternative to investing directly in securities, the Fund may invest in exchange-traded and over-the-counter (OTC) derivatives (e.g., selling put options on securities) and exchange-traded funds (ETFs). The Fund also may invest in derivatives and ETFs in an attempt to obtain or adjust elements of its long or short investment exposure. Derivatives used may include options, futures, swap contracts, and reverse repurchase agreements. The Fund’s foreign currency exposure may differ from the currency exposure of its securities. The Fund may lend its portfolio securities.The Fund is not limited in its use of derivatives or in the total notional value of its derivative positions. Leverage is not a principal component of the Fund’s investment strategy. However, because of its derivative positions, the Fund may at times have gross investment exposure in excess of its net assets (i.e., the Fund may be leveraged) and, therefore, may be subject to higher risk of loss during those times than if the Fund were not leveraged. 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.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.
Read More

GIMFX - Performance

Return Ranking - Trailing

Period GIMFX Return Category Return Low Category Return High Rank in Category (%)
YTD 13.7% -23.7% 16.4% 18.67%
1 Yr 32.0% -8.9% 48.3% 90.56%
3 Yr 18.5%* -2.2% 16.4% 97.10%
5 Yr 10.0%* -0.7% 13.4% 96.26%
10 Yr 7.5%* 0.9% 11.8% 86.35%

* Annualized

Return Ranking - Calendar

Period GIMFX Return Category Return Low Category Return High Rank in Category (%)
2025 20.1% -40.8% 20.6% 66.30%
2024 -0.7% -21.0% 24.5% 97.49%
2023 8.2% -24.2% 27.8% 80.84%
2022 -4.7% -23.1% 11.7% 25.12%
2021 0.7% -100.0% 20.6% 33.51%

Total Return Ranking - Trailing

Period GIMFX Return Category Return Low Category Return High Rank in Category (%)
YTD 13.7% -23.7% 16.4% 18.03%
1 Yr 32.0% -12.8% 48.3% 83.90%
3 Yr 18.5%* -3.4% 16.4% 96.94%
5 Yr 10.0%* -1.1% 13.4% 96.11%
10 Yr 7.5%* 0.9% 11.8% 85.36%

* Annualized

Total Return Ranking - Calendar

Period GIMFX Return Category Return Low Category Return High Rank in Category (%)
2025 25.4% -40.8% 20.6% 66.30%
2024 5.0% -21.0% 24.5% 97.49%
2023 14.7% -24.2% 27.8% 83.41%
2022 -1.2% -23.1% 11.7% 7.44%
2021 4.1% -2.9% 23.1% 42.23%

NAV & Total Return History

GIMFX - Holdings

Concentration Analysis

GIMFX Category Low Category High GIMFX % Rank
Net Assets 2.25 B 1.12 M 110 B 17.93%
Number of Holdings 1257 2 10961 1.46%
Net Assets in Top 10 980 M -31.7 M 22 B 28.39%
Weighting of Top 10 45.26% 10.8% 100.0% 96.90%

Top 10 Holdings

  1. U.S. Treasury Floating Rate Notes 18.40%
  2. DAIWA REPO 17.32%
  3. U.S. Treasury Floating Rate Notes 4.62%
  4. Taiwan Semiconductor Manufacturing Co Ltd 1.45%
  5. Banco Bilbao Vizcaya Argentaria SA 0.77%
  6. Toronto-Dominion Bank/The 0.63%
  7. BHP Group Ltd 0.52%
  8. Roche Holding AG 0.52%
  9. BT Group PLC 0.52%
  10. GSK PLC 0.52%

Asset Allocation

Weighting Return Low Return High GIMFX % Rank
Stocks 		58.29% -45.72% 98.42% 68.48%
Bonds 		23.07% -39.76% 93.84% 78.29%
Other 		17.38% -1.25% 197.12% 99.58%
Preferred Stocks 		0.80% -0.03% 14.00% 30.06%
Cash 		0.49% -97.12% 185.58% 2.92%
Convertible Bonds 		0.00% 0.00% 25.49% 82.67%

Stock Sector Breakdown

Weighting Return Low Return High GIMFX % Rank
Financial Services 		21.05% 0.00% 30.34% 8.92%
Technology 		14.89% 0.00% 39.48% 57.32%
Consumer Cyclical 		13.08% 0.00% 20.84% 12.31%
Industrials 		12.93% 0.09% 32.39% 19.11%
Basic Materials 		8.13% 0.00% 60.23% 21.44%
Healthcare 		7.92% 0.00% 30.30% 71.13%
Communication Services 		7.42% 0.00% 28.59% 48.62%
Energy 		4.32% 0.00% 38.61% 59.87%
Consumer Defense 		4.30% 0.00% 31.85% 73.89%
Real Estate 		3.84% 0.00% 90.14% 49.26%
Utilities 		2.13% 0.00% 40.29% 67.52%

Stock Geographic Breakdown

Weighting Return Low Return High GIMFX % Rank
Non US 		47.52% -46.69% 57.06% 3.55%
US 		10.77% -4.82% 95.75% 96.45%

Bond Sector Breakdown

Weighting Return Low Return High GIMFX % Rank
Government 		23.30% 0.00% 98.64% 58.66%
Corporate 		7.28% 0.00% 99.90% 79.96%
Securitized 		1.65% 0.00% 83.28% 64.09%
Cash & Equivalents 		0.49% 0.10% 100.00% 10.02%
Municipal 		0.24% 0.00% 31.28% 17.12%
Derivative 		0.06% 0.00% 41.88% 26.51%

Bond Geographic Breakdown

Weighting Return Low Return High GIMFX % Rank
US 		23.07% -177.12% 87.76% 63.47%
Non US 		0.00% -39.00% 137.36% 82.88%

GIMFX - Expenses

Operational Fees

GIMFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.47% 0.16% 2.71% 100.00%
Management Fee 0.00% 0.00% 1.70% 0.43%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.70% N/A

Sales Fees

GIMFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% 99.02%
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

GIMFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 2.00% 2.00% 96.43%

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.

GIMFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 194.00% 0.00% 441.00% 91.39%

GIMFX - Distributions

Dividend Yield Analysis

GIMFX Category Low Category High GIMFX % Rank
Dividend Yield 6.16% 0.00% 10.92% 7.07%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

GIMFX Category Low Category High GIMFX % Rank
Net Income Ratio 2.95% -5.20% 6.33% 15.69%

Capital Gain Distribution Analysis

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

Distributions History

View More +

GIMFX - Fund Manager Analysis

Managers

Ben Inker

Start Date

Tenure

Tenure Rank

Mar 01, 2012

10.25

10.3%

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

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