GMO Alternative Allocation Fund
Name
As of 05/01/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
-0.3%
1 yr return
6.0%
3 Yr Avg Return
0.6%
5 Yr Avg Return
N/A
Net Assets
$184 M
Holdings in Top 10
77.2%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.96%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 05/01/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
GAAKX - Profile
Distributions
- YTD Total Return -0.3%
- 3 Yr Annualized Total Return 0.6%
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 0.01%
- Dividend Yield 10.1%
- Dividend Distribution Frequency SemiAnnual
Fund Details
-
Legal NameGMO Alternative Allocation Fund
-
Fund Family NameGMO Mutual Funds
-
Inception DateJul 31, 2020
-
Shares OutstandingN/A
-
Share ClassR6
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerMatt Kadnar
Fund Description
GAAKX - Performance
Return Ranking - Trailing
Period | GAAKX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -0.3% | -73.0% | 19.4% | 89.96% |
1 Yr | 6.0% | -9.1% | 86.9% | 82.18% |
3 Yr | 0.6%* | -9.5% | 16.2% | N/A |
5 Yr | N/A* | -4.9% | 14.4% | N/A |
10 Yr | N/A* | -0.9% | 7.5% | N/A |
* Annualized
Return Ranking - Calendar
Period | GAAKX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 0.8% | -22.7% | 305.1% | N/A |
2022 | 2.6% | -9.8% | 27.3% | N/A |
2021 | -8.1% | -20.8% | 10.9% | N/A |
2020 | N/A | -12.4% | 29.4% | N/A |
2019 | N/A | -10.5% | 15.8% | N/A |
Total Return Ranking - Trailing
Period | GAAKX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -0.3% | -73.0% | 19.4% | 89.96% |
1 Yr | 6.0% | -13.4% | 86.9% | 74.55% |
3 Yr | 0.6%* | -9.5% | 16.2% | N/A |
5 Yr | N/A* | -5.3% | 14.4% | N/A |
10 Yr | N/A* | -0.9% | 7.5% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | GAAKX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 5.9% | -22.7% | 305.1% | N/A |
2022 | 3.6% | -9.8% | 27.3% | N/A |
2021 | -7.5% | -20.8% | 10.9% | N/A |
2020 | N/A | -8.4% | 29.4% | N/A |
2019 | N/A | -10.2% | 18.0% | N/A |
NAV & Total Return History
GAAKX - Holdings
Concentration Analysis
GAAKX | Category Low | Category High | GAAKX % Rank | |
---|---|---|---|---|
Net Assets | 184 M | 1.5 M | 5.01 B | 24.72% |
Number of Holdings | 848 | 4 | 4478 | 27.92% |
Net Assets in Top 10 | 146 M | -398 M | 2.55 B | 24.03% |
Weighting of Top 10 | 77.20% | 13.1% | 100.0% | 37.16% |
Top 10 Holdings
- REPO DAIWA 21.74%
- Uniform Mortgage-Backed Security, TBA 14.63%
- U.S. Treasury Floating Rate Notes 13.62%
- United States Treasury Bill - WI Post Auction 7.20%
- Pioneer Natural Resources Co 3.81%
- Japan Treasury Discount Bill 3.78%
- U.S. Treasury Floating Rate Notes 3.58%
- Japan Treasury Discount Bill 3.29%
- U.S. Treasury Floating Rate Notes 2.81%
- U.S. Treasury Floating Rate Notes 2.76%
Asset Allocation
Weighting | Return Low | Return High | GAAKX % Rank | |
---|---|---|---|---|
Bonds | 30.71% | -326.45% | 6347.80% | 10.95% |
Stocks | 30.56% | -3.75% | 97.95% | 66.78% |
Other | 21.42% | -21.53% | 148.54% | 62.54% |
Cash | 17.01% | -6278.21% | 410.43% | 72.79% |
Preferred Stocks | 0.30% | -0.12% | 46.97% | 34.98% |
Convertible Bonds | 0.00% | 0.00% | 87.92% | 67.49% |
Stock Sector Breakdown
Weighting | Return Low | Return High | GAAKX % Rank | |
---|---|---|---|---|
Technology | 23.05% | 0.00% | 39.58% | 50.79% |
Healthcare | 17.20% | 0.00% | 45.63% | 72.05% |
Industrials | 15.49% | 0.00% | 21.45% | 90.94% |
Financial Services | 13.56% | 0.00% | 59.28% | 38.98% |
Communication Services | 10.94% | 0.00% | 21.78% | 0.79% |
Consumer Cyclical | 5.04% | 0.00% | 29.09% | 96.06% |
Real Estate | 4.55% | 0.00% | 51.26% | 76.38% |
Utilities | 3.89% | 0.00% | 9.23% | 51.18% |
Energy | 2.95% | 0.00% | 100.00% | 4.33% |
Basic Materials | 1.94% | 0.00% | 27.46% | 41.34% |
Consumer Defense | 1.38% | 0.00% | 13.62% | 75.98% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | GAAKX % Rank | |
---|---|---|---|---|
US | 20.20% | -8.85% | 91.88% | 78.09% |
Non US | 10.36% | -19.62% | 42.11% | 26.50% |
Bond Sector Breakdown
Weighting | Return Low | Return High | GAAKX % Rank | |
---|---|---|---|---|
Cash & Equivalents | 15.15% | 0.27% | 100.00% | 86.57% |
Securitized | 13.32% | 0.00% | 56.83% | 14.84% |
Government | 11.00% | 0.00% | 84.29% | 4.95% |
Corporate | 0.12% | 0.00% | 87.73% | 69.96% |
Municipal | 0.00% | 0.00% | 27.33% | 39.22% |
Derivative | -0.32% | 0.00% | 88.81% | 44.17% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | GAAKX % Rank | |
---|---|---|---|---|
US | 30.71% | -126.19% | 6311.18% | 15.19% |
Non US | 0.00% | -382.37% | 121.02% | 15.55% |
GAAKX - Expenses
Operational Fees
GAAKX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.96% | 0.29% | 31.15% | N/A |
Management Fee | 0.95% | 0.00% | 2.50% | 43.46% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.01% | 0.30% | N/A |
Sales Fees
GAAKX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 2.50% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
GAAKX 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.
GAAKX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | N/A | 0.00% | 491.00% | 83.87% |
GAAKX - Distributions
Dividend Yield Analysis
GAAKX | Category Low | Category High | GAAKX % Rank | |
---|---|---|---|---|
Dividend Yield | 10.14% | 0.00% | 4.56% | 1.06% |
Dividend Distribution Analysis
GAAKX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | SemiAnnual | Annually | Quarterly | Annually |
Net Income Ratio Analysis
GAAKX | Category Low | Category High | GAAKX % Rank | |
---|---|---|---|---|
Net Income Ratio | 0.01% | -2.51% | 6.83% | N/A |
Capital Gain Distribution Analysis
GAAKX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 28, 2023 | $0.932 | OrdinaryDividend |
Dec 23, 2020 | $0.418 | OrdinaryDividend |
GAAKX - Fund Manager Analysis
Managers
Matt Kadnar
Start Date
Tenure
Tenure Rank
Apr 17, 2019
3.12
3.1%
Mr. Kadnar has been a member of GMO’s Asset Allocation Team since 2005.
Ben Inker
Start Date
Tenure
Tenure Rank
Apr 17, 2019
3.12
3.1%
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.
B.J. Brannan
Start Date
Tenure
Tenure Rank
Apr 17, 2019
3.12
3.1%
Mr. Brannan has been responsible for overseeing the portfolio management of Alternative Allocation Fund since 2019.
John Thorndike
Start Date
Tenure
Tenure Rank
Oct 01, 2021
0.66
0.7%
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 |
---|---|---|---|
0.02 | 17.37 | 4.48 | 1.67 |