GMO Opportunistic Income Fund
Name
As of 05/03/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
1.5%
1 yr return
5.1%
3 Yr Avg Return
N/A
5 Yr Avg Return
N/A
Net Assets
$1.45 B
Holdings in Top 10
37.8%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.61%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 95.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 05/03/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
GAAAX - Profile
Distributions
- YTD Total Return 1.5%
- 3 Yr Annualized Total Return N/A
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 3.29%
- Dividend Yield 4.1%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameGMO Opportunistic Income Fund
-
Fund Family NameGMO Mutual Funds
-
Inception DateMay 19, 2021
-
Shares OutstandingN/A
-
Share ClassR6
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerJoe Auth
Fund Description
GAAAX - Performance
Return Ranking - Trailing
Period | GAAAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 1.5% | -12.3% | 7.9% | 29.91% |
1 Yr | 5.1% | -10.8% | 25.1% | 52.65% |
3 Yr | N/A* | -17.8% | 17.5% | 41.97% |
5 Yr | N/A* | -13.6% | 14.9% | 16.35% |
10 Yr | N/A* | -13.6% | 6.5% | 41.21% |
* Annualized
Return Ranking - Calendar
Period | GAAAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 0.8% | -12.0% | 15.7% | 77.45% |
2022 | -7.2% | -31.8% | 18.4% | 20.57% |
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 | GAAAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 1.5% | -12.3% | 7.9% | 29.91% |
1 Yr | 5.1% | -10.8% | 25.1% | 52.65% |
3 Yr | N/A* | -17.8% | 17.5% | 37.65% |
5 Yr | N/A* | -13.6% | 14.9% | 14.80% |
10 Yr | N/A* | -13.6% | 6.5% | 36.54% |
* Annualized
Total Return Ranking - Calendar
Period | GAAAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 7.0% | -7.0% | 22.2% | 66.56% |
2022 | -2.2% | -31.8% | 21.1% | 11.64% |
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
GAAAX - Holdings
Concentration Analysis
GAAAX | Category Low | Category High | GAAAX % Rank | |
---|---|---|---|---|
Net Assets | 1.45 B | 2.53 M | 143 B | 35.79% |
Number of Holdings | 327 | 4 | 9868 | 60.60% |
Net Assets in Top 10 | 542 M | -1.57 B | 65.8 B | 31.24% |
Weighting of Top 10 | 37.83% | 0.7% | 171.7% | 34.50% |
Top 10 Holdings
- REPO DAIWA 21.65%
- U.S. Treasury Floating Rate Notes 3.28%
- United States Treasury Bill 2.78%
- Uniform Mortgage-Backed Security, TBA 2.74%
- Uniform Mortgage-Backed Security, TBA 1.89%
- SLM Private Credit Student Loan Trust 2006-A 1.18%
- Benchmark 2019-B15 Mortgage Trust 1.14%
- SMRT 2022-MINI 1.09%
- Nissan Auto Receivables 2023-B Owner Trust 1.05%
- Benchmark 2019-B9 Mortgage Trust 1.04%
Asset Allocation
Weighting | Return Low | Return High | GAAAX % Rank | |
---|---|---|---|---|
Bonds | 49.21% | -150.81% | 196.48% | 84.62% |
Other | 47.63% | -62.91% | 100.00% | 3.14% |
Cash | 2.97% | -94.66% | 258.91% | 56.67% |
Stocks | 0.81% | -4.18% | 99.88% | 43.01% |
Preferred Stocks | 0.00% | 0.00% | 30.46% | 57.77% |
Convertible Bonds | 0.00% | 0.00% | 33.50% | 87.90% |
Stock Sector Breakdown
Weighting | Return Low | Return High | GAAAX % 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 | GAAAX % Rank | |
---|---|---|---|---|
US | 0.81% | -4.11% | 99.88% | 40.03% |
Non US | 0.00% | -0.07% | 17.73% | 39.25% |
Bond Sector Breakdown
Weighting | Return Low | Return High | GAAAX % Rank | |
---|---|---|---|---|
Securitized | 55.02% | 0.00% | 99.65% | 14.24% |
Government | 34.47% | 0.00% | 99.43% | 10.72% |
Cash & Equivalents | 2.97% | 0.00% | 74.29% | 49.13% |
Derivative | 0.52% | -62.91% | 37.37% | 24.09% |
Corporate | 0.21% | 0.00% | 96.66% | 92.48% |
Municipal | 0.00% | 0.00% | 54.26% | 56.00% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | GAAAX % Rank | |
---|---|---|---|---|
US | 49.21% | -151.11% | 196.48% | 77.55% |
Non US | 0.00% | 0.00% | 67.77% | 76.14% |
GAAAX - Expenses
Operational Fees
GAAAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.61% | 0.03% | 20.67% | 90.14% |
Management Fee | 0.55% | 0.00% | 2.29% | 33.80% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.00% | 0.70% | N/A |
Sales Fees
GAAAX 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
GAAAX 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.
GAAAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 95.00% | 0.00% | 632.00% | 61.65% |
GAAAX - Distributions
Dividend Yield Analysis
GAAAX | Category Low | Category High | GAAAX % Rank | |
---|---|---|---|---|
Dividend Yield | 4.13% | 0.00% | 13.03% | 7.47% |
Dividend Distribution Analysis
GAAAX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | SemiAnnual | Monthly | Monthly |
Net Income Ratio Analysis
GAAAX | Category Low | Category High | GAAAX % Rank | |
---|---|---|---|---|
Net Income Ratio | 3.29% | -1.55% | 10.56% | 35.57% |
Capital Gain Distribution Analysis
GAAAX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
May 01, 2024 | $0.082 | OrdinaryDividend |
Apr 01, 2024 | $0.083 | OrdinaryDividend |
Mar 01, 2024 | $0.076 | OrdinaryDividend |
Feb 01, 2024 | $0.085 | OrdinaryDividend |
Dec 08, 2023 | $1.197 | OrdinaryDividend |
Jul 07, 2023 | $0.262 | OrdinaryDividend |
Dec 09, 2022 | $0.724 | OrdinaryDividend |
Dec 10, 2021 | $0.427 | OrdinaryDividend |
Jul 02, 2021 | $0.115 | OrdinaryDividend |
Apr 26, 2011 | $0.026 | ExtraDividend |
Mar 23, 2011 | $0.024 | OrdinaryDividend |
Dec 23, 2010 | $0.125 | OrdinaryDividend |
Sep 24, 2010 | $0.055 | OrdinaryDividend |
Jun 22, 2010 | $0.061 | OrdinaryDividend |
Mar 24, 2010 | $0.048 | OrdinaryDividend |
Dec 07, 2009 | $0.094 | OrdinaryDividend |
Sep 24, 2009 | $0.050 | OrdinaryDividend |
Jun 22, 2009 | $0.068 | OrdinaryDividend |
Mar 25, 2009 | $0.068 | OrdinaryDividend |
Dec 08, 2008 | $0.057 | OrdinaryDividend |
Sep 25, 2008 | $0.060 | OrdinaryDividend |
Jun 25, 2008 | $0.089 | OrdinaryDividend |
Mar 26, 2008 | $0.073 | OrdinaryDividend |
Dec 11, 2007 | $0.114 | OrdinaryDividend |
Sep 25, 2007 | $0.070 | OrdinaryDividend |
Jun 26, 2007 | $0.093 | OrdinaryDividend |
Mar 27, 2007 | $0.067 | OrdinaryDividend |
Dec 12, 2006 | $0.090 | OrdinaryDividend |
Sep 25, 2006 | $0.069 | OrdinaryDividend |
Jun 26, 2006 | $0.088 | OrdinaryDividend |
Mar 27, 2006 | $0.068 | OrdinaryDividend |
GAAAX - 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 | 5.78 | 3.19 |