GMO Opportunistic Income Fund
Name
As of 04/26/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
0.9%
1 yr return
4.9%
3 Yr Avg Return
N/A
5 Yr Avg Return
N/A
Net Assets
$1.45 B
Holdings in Top 10
34.5%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.62%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 95.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$10,000,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 04/26/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
GMOHX - Profile
Distributions
- YTD Total Return 0.9%
- 3 Yr Annualized Total Return N/A
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 3.92%
- Dividend Yield 4.2%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameGMO Opportunistic Income Fund
-
Fund Family NameGMO Mutual Funds
-
Inception DateJul 23, 2021
-
Shares OutstandingN/A
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerJoe Auth
Fund Description
GMOHX - Performance
Return Ranking - Trailing
Period | GMOHX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 0.9% | -14.1% | 9.6% | 29.97% |
1 Yr | 4.9% | -11.6% | 26.3% | 52.02% |
3 Yr | N/A* | -17.8% | 17.9% | 39.39% |
5 Yr | N/A* | -13.6% | 14.9% | 14.65% |
10 Yr | N/A* | -13.6% | 6.5% | 39.56% |
* Annualized
Return Ranking - Calendar
Period | GMOHX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 0.8% | -12.0% | 15.7% | 76.90% |
2022 | -6.9% | -31.8% | 18.4% | 19.08% |
2021 | N/A | -26.6% | 25.7% | N/A |
2020 | N/A | -49.2% | 18.7% | N/A |
2019 | N/A | -35.1% | 15.3% | N/A |
Total Return Ranking - Trailing
Period | GMOHX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 0.9% | -14.1% | 9.6% | 29.97% |
1 Yr | 4.9% | -11.6% | 26.3% | 52.02% |
3 Yr | N/A* | -17.8% | 17.9% | 35.24% |
5 Yr | N/A* | -13.6% | 14.9% | 13.27% |
10 Yr | N/A* | -13.6% | 6.5% | 35.44% |
* Annualized
Total Return Ranking - Calendar
Period | GMOHX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 7.1% | -7.0% | 22.2% | 65.12% |
2022 | -1.9% | -31.8% | 21.1% | 10.17% |
2021 | N/A | -13.5% | 49.9% | N/A |
2020 | N/A | -28.6% | 24.1% | N/A |
2019 | N/A | -4.8% | 19.1% | N/A |
NAV & Total Return History
GMOHX - Holdings
Concentration Analysis
GMOHX | Category Low | Category High | GMOHX % Rank | |
---|---|---|---|---|
Net Assets | 1.45 B | 2.53 M | 143 B | 35.77% |
Number of Holdings | 344 | 4 | 9868 | 56.47% |
Net Assets in Top 10 | 453 M | -1.57 B | 65.8 B | 33.33% |
Weighting of Top 10 | 34.47% | 0.7% | 171.7% | 37.93% |
Top 10 Holdings
- REPO DAIWA 17.49%
- United States Treasury Floating Rate Note 3.57%
- Uniform Mortgage-Backed Security, TBA 3.12%
- Uniform Mortgage-Backed Security, TBA 2.87%
- State Street Institutional Treasury Money Market Fund 1.41%
- SLM Private Credit Student Loan Trust 2006-A 1.34%
- Benchmark 2019-B15 Mortgage Trust 1.21%
- National Collegiate Student Loan Trust 2007-1 1.18%
- SLM Private Credit Student Loan Trust 2007-A 1.15%
- Benchmark 2019-B12 Mortgage Trust 1.13%
Asset Allocation
Weighting | Return Low | Return High | GMOHX % Rank | |
---|---|---|---|---|
Bonds | 58.89% | -150.81% | 196.48% | 83.26% |
Other | 44.42% | -62.91% | 100.00% | 3.50% |
Cash | 1.41% | -94.66% | 258.91% | 72.45% |
Stocks | 0.83% | -4.18% | 99.88% | 43.07% |
Preferred Stocks | 0.00% | 0.00% | 30.46% | 79.00% |
Convertible Bonds | 0.00% | 0.00% | 33.50% | 93.59% |
Stock Sector Breakdown
Weighting | Return Low | Return High | GMOHX % Rank | |
---|---|---|---|---|
Utilities | 0.00% | 0.00% | 100.00% | N/A |
Technology | 0.00% | 0.00% | 28.30% | N/A |
Real Estate | 0.00% | 0.00% | 100.00% | N/A |
Industrials | 0.00% | 0.00% | 100.00% | N/A |
Healthcare | 0.00% | 0.00% | 18.60% | N/A |
Financial Services | 0.00% | 0.00% | 100.00% | N/A |
Energy | 0.00% | 0.00% | 100.00% | N/A |
Communication Services | 0.00% | 0.00% | 100.00% | N/A |
Consumer Defense | 0.00% | 0.00% | 99.97% | N/A |
Consumer Cyclical | 0.00% | 0.00% | 89.95% | N/A |
Basic Materials | 0.00% | 0.00% | 100.00% | N/A |
Stock Geographic Breakdown
Weighting | Return Low | Return High | GMOHX % Rank | |
---|---|---|---|---|
US | 0.83% | -4.11% | 99.88% | 39.57% |
Non US | 0.00% | -0.07% | 17.73% | 71.54% |
Bond Sector Breakdown
Weighting | Return Low | Return High | GMOHX % Rank | |
---|---|---|---|---|
Securitized | 55.02% | 0.00% | 99.65% | 14.44% |
Government | 34.47% | 0.00% | 99.43% | 10.68% |
Cash & Equivalents | 1.41% | 0.00% | 74.29% | 67.79% |
Derivative | 1.21% | -62.91% | 37.37% | 11.45% |
Corporate | 0.21% | 0.00% | 96.66% | 92.78% |
Municipal | 0.00% | 0.00% | 54.26% | 78.34% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | GMOHX % Rank | |
---|---|---|---|---|
US | 58.89% | -151.11% | 196.48% | 72.91% |
Non US | 0.00% | 0.00% | 67.77% | 87.52% |
GMOHX - Expenses
Operational Fees
GMOHX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.62% | 0.01% | 20.67% | 89.68% |
Management Fee | 0.55% | 0.00% | 2.29% | 35.50% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.00% | 0.70% | N/A |
Sales Fees
GMOHX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 0.00% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
GMOHX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 0.50% | 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.
GMOHX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 95.00% | 0.00% | 632.00% | 62.50% |
GMOHX - Distributions
Dividend Yield Analysis
GMOHX | Category Low | Category High | GMOHX % Rank | |
---|---|---|---|---|
Dividend Yield | 4.17% | 0.00% | 23.30% | 8.45% |
Dividend Distribution Analysis
GMOHX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Annually | Monthly | Monthly |
Net Income Ratio Analysis
GMOHX | Category Low | Category High | GMOHX % Rank | |
---|---|---|---|---|
Net Income Ratio | 3.92% | -1.55% | 11.51% | 19.17% |
Capital Gain Distribution Analysis
GMOHX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Apr 01, 2024 | $0.083 | OrdinaryDividend |
Mar 01, 2024 | $0.076 | OrdinaryDividend |
Feb 01, 2024 | $0.085 | OrdinaryDividend |
Dec 08, 2023 | $1.200 | OrdinaryDividend |
Jul 07, 2023 | $0.266 | OrdinaryDividend |
Dec 09, 2022 | $0.719 | OrdinaryDividend |
GMOHX - Fund Manager Analysis
Managers
Joe Auth
Start Date
Tenure
Tenure Rank
Feb 06, 2015
7.32
7.3%
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 |
---|---|---|---|
0.08 | 28.19 | 5.72 | 3.19 |