GAAVX: GMO Alternative Allocation Fund

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GAAVX GMO Alternative Allocation Fund


Profile

GAAVX - Profile

Vitals

  • YTD Return -2.5%
  • 3 Yr Annualized Return N/A
  • 5 Yr Annualized Return N/A
  • Net Assets $362 M
  • Holdings in Top 10 72.8%

52 WEEK LOW AND HIGH

$19.52
$18.20
$20.56

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.32%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 243.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $750,000,000
  • IRA N/A

Fund Classification

  • Primary Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style Multialternative

Distributions

  • YTD Total Return -2.5%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 0.88%
DIVIDENDS
  • Dividend Yield 2.7%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    GMO Alternative Allocation Fund
  • Fund Family Name
    GMO
  • Inception Date
    May 02, 2019
  • Shares Outstanding
    N/A
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    B.J. Brannan

Fund Description

The fund invests directly or indirectly (through other GMO Funds) in a combination of GMO investment strategies. The advisor expects the fund will have exposure to multiple underlying strategies, and at any given time it may have significant exposure to one or more strategies. 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 any additional management or other fees for its services. It is non-diversified.


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Categories

Performance

GAAVX - Performance

Return Ranking - Trailing

Period GAAVX Return Category Return Low Category Return High Rank in Category (%)
YTD -2.5% -11.6% 9.0% 74.75%
1 Yr -3.4% -22.3% 5.5% 79.59%
3 Yr N/A* -7.7% 2.3% N/A
5 Yr N/A* -8.8% 2.4% N/A
10 Yr N/A* -5.2% 0.1% N/A

* Annualized

Return Ranking - Calendar

Period GAAVX Return Category Return Low Category Return High Rank in Category (%)
2019 N/A -6.5% 11.6% N/A
2018 N/A -18.5% -0.9% N/A
2017 N/A -2.1% 10.4% N/A
2016 N/A -13.3% 8.7% N/A
2015 N/A -21.1% -0.5% N/A

Total Return Ranking - Trailing

Period GAAVX Return Category Return Low Category Return High Rank in Category (%)
YTD -2.5% -11.6% 9.0% 74.75%
1 Yr -3.4% -22.3% 5.5% 79.59%
3 Yr N/A* -7.7% 4.2% N/A
5 Yr N/A* -8.8% 2.9% N/A
10 Yr N/A* -5.0% 1.2% N/A

* Annualized

Total Return Ranking - Calendar

Period GAAVX Return Category Return Low Category Return High Rank in Category (%)
2019 N/A -6.5% 11.6% N/A
2018 N/A -18.5% 1.9% N/A
2017 N/A -2.1% 11.5% N/A
2016 N/A -13.3% 8.9% N/A
2015 N/A -21.1% 7.1% N/A

NAV & Total Return History


Holdings

GAAVX - Holdings

Concentration Analysis

GAAVX Category Low Category High GAAVX % Rank
Net Assets 362 M 7.1 M 7.27 B 40.38%
Number of Holdings 564 5 792 8.57%
Net Assets in Top 10 152 M 2.26 M 12.2 B 29.52%
Weighting of Top 10 72.78% 16.1% 100.0% 28.26%

Top 10 Holdings

  1. S+p500 Emini Fut Jun20 Xcme 20200619 12.48%
  2. United States Treasury Notes 1.5% 9.64%
  3. United States Treasury Notes 0.27% 9.44%
  4. Canada (Government of) 0% 9.13%
  5. Japan (Government Of) 0% 7.87%
  6. GMO Emerging Markets VI 5.97%
  7. United States Treasury Bills 0% 4.71%
  8. United States Treasury Bills 0% 4.71%
  9. Canada (Government of) 3.5% 4.57%
  10. GMO International Equity IV 4.24%

Asset Allocation

Weighting Return Low Return High GAAVX % Rank
Bonds
198.66% 85.02% 1096.85% 14.29%
Stocks
20.34% 0.00% 76.29% 30.48%
Other
0.07% -34.96% 33.60% 35.24%
Preferred Stocks
0.00% 0.00% 0.11% 20.95%
Convertible Bonds
0.00% 0.00% 47.91% 52.38%
Cash
-119.07% -1106.74% 14.71% 86.67%

Bond Sector Breakdown

Weighting Return Low Return High GAAVX % Rank
Cash & Equivalents
36.44% 0.40% 36.44% 1.90%
Government
36.33% 0.00% 76.97% 84.76%
Derivative
27.23% 0.00% 66.15% 19.05%
Securitized
0.00% 0.00% 58.65% 37.14%
Corporate
0.00% 0.00% 90.06% 89.52%
Municipal
0.00% 0.00% 0.06% 21.90%

Bond Geographic Breakdown

Weighting Return Low Return High GAAVX % Rank
US
198.66% -0.81% 198.66% 1.90%
Non US
0.00% 0.00% 1080.17% 99.05%

Expenses

GAAVX - Expenses

Operational Fees

GAAVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.32% 0.01% 11.60% 38.24%
Management Fee 0.79% 0.00% 1.64% 60.95%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.10% 0.58% N/A

Sales Fees

GAAVX 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% 1.00% N/A

Trading Fees

GAAVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 2.00% 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.

GAAVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 243.00% 0.00% 243.00% 99.05%

Distributions

GAAVX - Distributions

Dividend Yield Analysis

GAAVX Category Low Category High GAAVX % Rank
Dividend Yield 2.68% 0.00% 2.68% 0.95%

Dividend Distribution Analysis

GAAVX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Monthly Monthly

Net Income Ratio Analysis

GAAVX Category Low Category High GAAVX % Rank
Net Income Ratio 0.88% -9.96% 11.02% 80.58%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

GAAVX - Fund Manager Analysis

Managers

B.J. Brannan


Start Date

Tenure

Tenure Rank

Apr 17, 2019

1.38

1.4%

Mr. Brannan has been responsible for overseeing the portfolio management of Alternative Allocation Fund since 2019.

Ben Inker


Start Date

Tenure

Tenure Rank

Apr 17, 2019

1.38

1.4%

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.

Matt Kadnar


Start Date

Tenure

Tenure Rank

Apr 17, 2019

1.38

1.4%

Mr. Kadnar has been a member of GMO’s Asset Allocation Team since 2005.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.09 21.11 6.77 11.01