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Trending ETFs

Name

As of 03/27/2024

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

$13.25

$3.23 B

9.95%

$1.31

0.44%

Vitals

YTD Return

3.1%

1 yr return

16.4%

3 Yr Avg Return

4.6%

5 Yr Avg Return

3.9%

Net Assets

$3.23 B

Holdings in Top 10

28.8%

52 WEEK LOW AND HIGH

$13.2
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.44%

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 03/27/2024

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

$13.25

$3.23 B

9.95%

$1.31

0.44%

GIMFX - Profile

Distributions

  • YTD Total Return 3.1%
  • 3 Yr Annualized Total Return 4.6%
  • 5 Yr Annualized Total Return 3.9%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 2.95%
DIVIDENDS
  • Dividend Yield 9.9%
  • 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 uses its quantitative multi-year forecasts of returns among asset classes, together with its assessment of the relative risks of such asset classes, to determine the Fund’s strategic direction. An important component of those forecasts is GMO’s expectation that valuations ultimately revert to their fundamental fair (or intrinsic) value. 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. Depending on GMO’s outlook, the Fund may have exposure to any asset class (e.g., non-U.S. equity, U.S. equity, emerging country equity, emerging country debt, non-U.S. fixed income, U.S. fixed income, real estate, and commodities) and at times may be substantially invested in a single asset class. The Fund may invest in securities of companies of any market capitalization. In addition, the Fund is not limited in its exposure to any particular market and may invest all of its assets in the securities of a limited number of companies in a single country and/or capitalization range. The Fund may invest a significant portion of its assets in the securities of companies in industries that are subject to the same or similar risk factors. To the extent the Fund invests in fixed income securities, it may have significant exposure to fixed income instruments of any credit quality, including those that are below investment grade (commonly referred to as “high yield” or “junk bonds”), and of any maturity or 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.The Fund may utilize an event-driven strategy, investing primarily in equity securities of companies that GMO expects to experience a material corporate event or catalyst in the relative short-term. To implement this strategy, the Fund may invest in derivatives or sell securities short in an effort to protect against market fluctuations or other risks or to adjust long or short investment exposure to one or more asset classes or issuers.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 when the Fund is not leveraged. The Fund’s performance can depend substantially on the performance of assets or indices underlying its derivatives even though it does not own those assets or indices.The Fund gains exposure to commodities and some other asset classes by investing through a wholly-owned subsidiary advised by GMO, which does not receive management or other fees for its services to the subsidiary. The subsidiary invests primarily in commodity-related derivatives and fixed income instruments but also may invest in any other investment in which the Fund is permitted to invest directly. References in this Prospectus to action taken by the Fund refer to actions taken by the subsidiary as well as the Fund. The Fund does not invest directly in commodities and commodity-related derivatives.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.
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GIMFX - Performance

Return Ranking - Trailing

Period GIMFX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.1% -23.7% 16.4% 18.67%
1 Yr 16.4% -8.9% 48.3% 90.56%
3 Yr 4.6%* -2.2% 16.4% 97.10%
5 Yr 3.9%* -0.7% 13.4% 96.26%
10 Yr N/A* 0.9% 11.8% 86.35%

* Annualized

Return Ranking - Calendar

Period GIMFX Return Category Return Low Category Return High Rank in Category (%)
2023 8.2% -40.8% 20.6% 66.30%
2022 -4.7% -21.0% 24.5% 97.49%
2021 0.7% -24.2% 27.8% 80.84%
2020 -9.3% -23.1% 11.7% 25.12%
2019 8.9% -100.0% 20.6% 33.51%

Total Return Ranking - Trailing

Period GIMFX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.1% -23.7% 16.4% 18.03%
1 Yr 16.4% -12.8% 48.3% 83.90%
3 Yr 4.6%* -3.4% 16.4% 96.94%
5 Yr 3.9%* -1.1% 13.4% 96.11%
10 Yr N/A* 0.9% 11.8% 85.36%

* Annualized

Total Return Ranking - Calendar

Period GIMFX Return Category Return Low Category Return High Rank in Category (%)
2023 14.7% -40.8% 20.6% 66.30%
2022 -1.2% -21.0% 24.5% 97.49%
2021 4.1% -24.2% 27.8% 83.41%
2020 -7.2% -23.1% 11.7% 7.44%
2019 13.2% -2.9% 23.1% 42.23%

NAV & Total Return History


GIMFX - Holdings

Concentration Analysis

GIMFX Category Low Category High GIMFX % Rank
Net Assets 3.23 B 1.12 M 110 B 17.93%
Number of Holdings 1968 2 10961 1.46%
Net Assets in Top 10 1.03 B -31.7 M 22 B 28.39%
Weighting of Top 10 28.84% 10.8% 100.0% 96.90%

Top 10 Holdings

  1. United States Treasury Inflation Indexed Bonds 6.65%
  2. United States Treasury Floating Rate Note 5.42%
  3. United States Treasury Inflation Indexed Bonds 3.27%
  4. United States Treasury Floating Rate Note 2.81%
  5. United States Treasury Floating Rate Note 2.53%
  6. DAIWA REPO 2.17%
  7. Federal Home Loan Banks 1.76%
  8. United States Treasury Floating Rate Note 1.46%
  9. United States Treasury Floating Rate Note 1.40%
  10. United States Treasury Note/Bond 1.38%

Asset Allocation

Weighting Return Low Return High GIMFX % Rank
Stocks
63.71% -45.72% 98.42% 68.48%
Bonds
29.39% -39.76% 93.84% 78.29%
Cash
3.22% -97.12% 185.58% 2.92%
Other
2.31% -1.25% 197.12% 99.58%
Preferred Stocks
1.38% -0.03% 14.00% 30.06%
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
48.51% -46.69% 57.06% 3.55%
US
15.20% -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
0.44% 0.10% 100.00% 10.02%
Municipal
0.24% 0.00% 31.28% 17.12%
Derivative
0.14% 0.00% 41.88% 26.51%

Bond Geographic Breakdown

Weighting Return Low Return High GIMFX % Rank
US
29.39% -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 0.44% 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 9.95% 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

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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