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Trending ETFs

Name

As of 05/17/2024

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

GMO U.S. Treasury Fund

GUSTX | Fund

$5.00

$545 M

5.76%

$0.29

0.12%

Vitals

YTD Return

2.3%

1 yr return

5.5%

3 Yr Avg Return

2.1%

5 Yr Avg Return

1.8%

Net Assets

$545 M

Holdings in Top 10

92.6%

52 WEEK LOW AND HIGH

$5.0
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.12%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 0.00%

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 05/17/2024

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

GMO U.S. Treasury Fund

GUSTX | Fund

$5.00

$545 M

5.76%

$0.29

0.12%

GUSTX - Profile

Distributions

  • YTD Total Return 2.3%
  • 3 Yr Annualized Total Return 2.1%
  • 5 Yr Annualized Total Return 1.8%
  • Capital Gain Distribution Frequency Semi-Annually
  • Net Income Ratio 3.29%
DIVIDENDS
  • Dividend Yield 5.8%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    GMO U.S. Treasury Fund
  • Fund Family Name
    GMO Mutual Funds
  • Inception Date
    Mar 17, 2009
  • Shares Outstanding
    N/A
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Tracey Keenan

Fund Description

Under normal circumstances, the Fund invests at least 80% of its assets in Direct U.S. Treasury Obligations and repurchase agreements collateralized by these Obligations (see “Name Policies”). “Direct U.S. Treasury Obligations” include U.S. Treasury bills, bonds and notes and other securities issued by the U.S. Treasury, as well as Separately Traded Registered Interest and Principal Securities (STRIPS) and other zero-coupon securities. GMO normally seeks to maintain an estimated interest rate duration of one year or less for the Fund’s portfolio. For an additional discussion of duration, see “Additional Information About the Funds’ Investment Strategies, Risks, and Expenses — Bond Funds — Duration.”In addition to Direct U.S. Treasury Obligations, the Fund typically invests to a lesser extent in money market funds unaffiliated with GMO and in other fixed income securities that are backed (explicitly or implicitly) by the full faith and credit of the U.S. government or the governments of other developed countries, including but not limited to U.S. and non-U.S. agency securities and securities issued by the Federal Home Loan Bank and the World Bank.The Fund also may enter into repurchase agreements and reverse repurchase agreements. Under the repurchase agreements entered into by the Fund, the Fund purchases a security backed by the full faith and credit of the U.S. government from a seller who simultaneously commits to repurchase, on an agreed date, the security from the Fund at the original purchase price plus an agreed upon amount representing interest. Under reverse repurchase agreements, the Fund sells a security backed by the full faith and credit of the U.S. government to a buyer and simultaneously commits to repurchase, on an agreed date, the security from the buyer at the original purchase price plus an agreed upon amount representing interest. The counterparties in repurchase agreements and reverse repurchase agreements are typically brokers and banks, and the safety of the arrangement depends on, among other things, the Fund’s having an interest in the security (or other collateral) that it can realize in the event of the counterparty’s insolvency or inability or unwillingness to pay.In selecting securities for the Fund’s portfolio, GMO focuses primarily on the relative attractiveness of different obligations (such as bonds, notes or bills), which can vary depending on the general level of interest rates as well as supply and demand imbalances and other market conditions. The factors GMO considers and investment methods GMO uses can change over time.The Fund is not a money market fund and is not subject to the maturity, quality, diversification, disclosure, reporting, and other requirements applicable to money market funds under Rule 2a-7 under the Investment Company Act of 1940.
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GUSTX - Performance

Return Ranking - Trailing

Period GUSTX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.3% -2.6% 3.2% 3.80%
1 Yr 5.5% -0.3% 5.7% 2.53%
3 Yr 2.1%* -3.3% 2.1% 1.28%
5 Yr 1.8%* -0.9% 1.8% 1.39%
10 Yr 0.9%* -0.4% 1.7% 31.25%

* Annualized

Return Ranking - Calendar

Period GUSTX Return Category Return Low Category Return High Rank in Category (%)
2023 0.4% -1.6% 4.4% 60.76%
2022 -1.0% -10.4% -1.0% 1.28%
2021 -0.2% -6.4% -0.2% 1.28%
2020 0.8% -1.8% 4.9% 79.73%
2019 0.0% -1.4% 3.3% 84.72%

Total Return Ranking - Trailing

Period GUSTX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.3% -2.6% 3.2% 3.80%
1 Yr 5.5% -0.3% 5.7% 2.53%
3 Yr 2.1%* -3.3% 2.1% 1.28%
5 Yr 1.8%* -0.9% 1.8% 1.39%
10 Yr 0.9%* -0.4% 1.7% 31.25%

* Annualized

Total Return Ranking - Calendar

Period GUSTX Return Category Return Low Category Return High Rank in Category (%)
2023 4.9% 2.4% 6.2% 17.72%
2022 0.2% -9.3% 0.2% 1.28%
2021 0.0% -3.1% 0.1% 2.56%
2020 1.4% 0.4% 6.0% 94.59%
2019 1.1% 1.1% 5.5% 100.00%

NAV & Total Return History


GUSTX - Holdings

Concentration Analysis

GUSTX Category Low Category High GUSTX % Rank
Net Assets 545 M 11.1 M 24.8 B 27.85%
Number of Holdings 17 7 1052 97.47%
Net Assets in Top 10 504 M 1.81 M 8.77 B 17.72%
Weighting of Top 10 92.61% 14.9% 100.0% 3.80%

Top 10 Holdings

  1. United States Treasury Floating Rate Note 19.75%
  2. United States Treasury Floating Rate Note 16.87%
  3. United States Treasury Floating Rate Note 12.53%
  4. United States Treasury Floating Rate Note 10.82%
  5. REPO DAIWA 9.10%
  6. U.S. Treasury Inflation-Indexed Notes 7.00%
  7. United States Treasury Note/Bond 5.81%
  8. United States Treasury Floating Rate Note 4.80%
  9. U.S. Treasury Inflation-Indexed Notes 3.74%
  10. United States Treasury Note/Bond 2.19%

Asset Allocation

Weighting Return Low Return High GUSTX % Rank
Bonds
90.93% 73.33% 123.97% 93.67%
Other
9.10% -23.15% 33.59% 10.13%
Cash
0.04% 0.00% 7.69% 91.14%
Stocks
0.00% 0.00% 4.55% 93.67%
Preferred Stocks
0.00% 0.00% 0.00% 92.41%
Convertible Bonds
0.00% 0.00% 0.00% 92.31%

Bond Sector Breakdown

Weighting Return Low Return High GUSTX % Rank
Government
99.96% 0.00% 99.96% 1.28%
Corporate
0.04% 0.00% 34.19% 17.95%
Cash & Equivalents
0.04% 0.00% 7.69% 70.89%
Derivative
0.00% -1.60% 15.08% 78.48%
Securitized
0.00% 0.00% 100.00% 98.72%
Municipal
0.00% 0.00% 6.22% 93.59%

Bond Geographic Breakdown

Weighting Return Low Return High GUSTX % Rank
US
90.93% 73.33% 123.97% 93.67%
Non US
0.00% 0.00% 0.00% 92.41%

GUSTX - Expenses

Operational Fees

GUSTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.12% 0.03% 2.91% 88.61%
Management Fee 0.08% 0.03% 0.80% 8.97%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.10% 0.45% N/A

Sales Fees

GUSTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.50% 4.75% N/A
Deferred Load N/A 0.50% 1.00% N/A

Trading Fees

GUSTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.00% 0.25% 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.

GUSTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 0.00% 0.00% 466.00% 3.28%

GUSTX - Distributions

Dividend Yield Analysis

GUSTX Category Low Category High GUSTX % Rank
Dividend Yield 5.76% 0.00% 5.67% 7.59%

Dividend Distribution Analysis

GUSTX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

GUSTX Category Low Category High GUSTX % Rank
Net Income Ratio 3.29% -0.78% 3.29% 1.32%

Capital Gain Distribution Analysis

GUSTX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Semi-Annually Annually Semi-Annually Annually

Distributions History

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GUSTX - Fund Manager Analysis

Managers

Tracey Keenan


Start Date

Tenure

Tenure Rank

Jun 30, 2017

4.92

4.9%

Ms. Keenan has been responsible for overseeing the portfolio management of GMO’s cash strategies since 2017. Ms. Keenan has been a member of the Fixed Income Trading Team since joining GMO in 2002.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.49 32.44 10.48 7.33