Continue to site >
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

$17.32

$218 M

10.67%

$1.83

0.85%

Vitals

YTD Return

4.6%

1 yr return

18.7%

3 Yr Avg Return

3.3%

5 Yr Avg Return

7.0%

Net Assets

$218 M

Holdings in Top 10

76.7%

52 WEEK LOW AND HIGH

$17.2
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.85%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 95.00%

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

$17.32

$218 M

10.67%

$1.83

0.85%

GBATX - Profile

Distributions

  • YTD Total Return 4.6%
  • 3 Yr Annualized Total Return 3.3%
  • 5 Yr Annualized Total Return 7.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.71%
DIVIDENDS
  • Dividend Yield 10.7%
  • Dividend Distribution Frequency SemiAnnual

Fund Details

  • Legal Name
    GMO Strategic Opportunities Allocation Fund
  • Fund Family Name
    GMO Mutual Funds
  • Inception Date
    May 31, 2005
  • 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 other accounts it manages. Accordingly, the Fund is not intended to serve as a standalone investment.The Fund invests a significant portion of its assets in shares of other series of GMO Trust (collectively, the “underlying GMO Funds”), which may include the Equity Funds, the Fixed Income Funds, the Implementation Funds, and the Alternative Funds (see “Additional Information About the Funds’ Investment Strategies, Risks, and Expenses — Asset Allocation Funds”). The Fund also makes significant direct investments.The Fund may invest in any asset class, including, for example, U.S. and non-U.S. equities (including emerging country equities), U.S. and non-U.S. fixed income securities (including emerging country debt securities) of any credit quality (including below investment grade securities (commonly referred to as “high yield” or “junk bonds”)) or maturity, and commodities. The Fund may invest in securities of companies of any market capitalization. In addition, the Fund may lend its portfolio securities.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 select the Fund’s investments (including underlying GMO Funds as well as direct investments) and to decide how much to invest in each. An important component of those forecasts is GMO’s expectation that valuations ultimately revert to their fundamental fair (or intrinsic) value. GMO changes the Fund’s holdings of the underlying GMO Funds in response to changes in GMO’s investment outlook and its assessment of market valuations and may use redemptions or purchases of Fund shares to rebalance the Fund’s investments. The Fund may invest in derivatives and effect short sales directly or through its investment in underlying GMO Funds. The factors GMO considers and investment methods GMO uses can change over time.The Fund also may invest in money market funds unaffiliated with GMO and directly in the types of investments typically held by money market funds.
Read More

GBATX - Performance

Return Ranking - Trailing

Period GBATX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.6% -23.7% 16.4% 47.42%
1 Yr 18.7% -8.9% 48.3% 88.63%
3 Yr 3.3%* -2.2% 16.4% 62.36%
5 Yr 7.0%* -0.7% 13.4% 60.98%
10 Yr 5.3%* 0.9% 11.8% 36.77%

* Annualized

Return Ranking - Calendar

Period GBATX Return Category Return Low Category Return High Rank in Category (%)
2023 10.6% -40.8% 20.6% 97.34%
2022 -19.5% -21.0% 24.5% 66.29%
2021 -9.8% -24.2% 27.8% 38.32%
2020 0.3% -23.1% 11.7% 90.05%
2019 13.6% -100.0% 20.6% 7.63%

Total Return Ranking - Trailing

Period GBATX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.6% -23.7% 16.4% 46.35%
1 Yr 18.7% -12.8% 48.3% 81.78%
3 Yr 3.3%* -3.4% 16.4% 57.21%
5 Yr 7.0%* -1.1% 13.4% 55.84%
10 Yr 5.3%* 0.9% 11.8% 35.08%

* Annualized

Total Return Ranking - Calendar

Period GBATX Return Category Return Low Category Return High Rank in Category (%)
2023 17.3% -40.8% 20.6% 97.34%
2022 -11.2% -21.0% 24.5% 66.29%
2021 11.2% -24.2% 27.8% 38.32%
2020 4.8% -23.1% 11.7% 46.40%
2019 19.6% -2.9% 23.1% 6.54%

NAV & Total Return History


GBATX - Holdings

Concentration Analysis

GBATX Category Low Category High GBATX % Rank
Net Assets 218 M 1.12 M 110 B 65.01%
Number of Holdings 477 2 10961 18.16%
Net Assets in Top 10 163 M -31.7 M 22 B 49.90%
Weighting of Top 10 76.68% 10.8% 100.0% 26.16%

Top 10 Holdings

  1. GMO International Equity Fund 14.34%
  2. NOMURA REPO 10.35%
  3. GMO Emerging Markets ex-China Fund 8.57%
  4. GMO US Opportunistic Value Fund 8.21%
  5. GMO International Opportunistic Value Fund 8.15%
  6. GMO Emerging Markets Fund 7.28%
  7. GMO Asset Allocation Bond Fund 6.18%
  8. GMO US Equity Fund 5.10%
  9. GMO-Usonian Japan Value Creation Fund 4.70%
  10. GMO Small Cap Quality Fund 3.80%

Asset Allocation

Weighting Return Low Return High GBATX % Rank
Stocks
85.07% -45.72% 98.42% 41.54%
Other
10.37% -1.25% 197.12% 15.66%
Bonds
3.53% -39.76% 93.84% 85.59%
Cash
0.89% -97.12% 185.58% 12.11%
Preferred Stocks
0.18% -0.03% 14.00% 34.66%
Convertible Bonds
0.00% 0.00% 25.49% 91.02%

Stock Sector Breakdown

Weighting Return Low Return High GBATX % Rank
Financial Services
18.71% 0.00% 30.34% 15.92%
Consumer Cyclical
15.63% 0.00% 20.84% 4.46%
Technology
14.08% 0.00% 39.48% 59.45%
Industrials
13.73% 0.09% 32.39% 11.89%
Healthcare
8.85% 0.00% 30.30% 66.67%
Basic Materials
8.40% 0.00% 60.23% 21.02%
Communication Services
7.14% 0.00% 28.59% 51.80%
Consumer Defense
6.91% 0.00% 31.85% 39.49%
Real Estate
3.01% 0.00% 90.14% 62.63%
Energy
2.26% 0.00% 38.61% 94.06%
Utilities
1.28% 0.00% 40.29% 84.29%

Stock Geographic Breakdown

Weighting Return Low Return High GBATX % Rank
US
81.85% -4.82% 95.75% 86.85%
Non US
3.22% -46.69% 57.06% 4.38%

Bond Sector Breakdown

Weighting Return Low Return High GBATX % Rank
Government
24.28% 0.00% 98.64% 55.95%
Securitized
5.51% 0.00% 83.28% 46.35%
Corporate
2.79% 0.00% 99.90% 81.21%
Cash & Equivalents
0.89% 0.10% 100.00% 10.23%
Derivative
0.02% 0.00% 41.88% 24.01%
Municipal
0.00% 0.00% 31.28% 74.74%

Bond Geographic Breakdown

Weighting Return Low Return High GBATX % Rank
US
3.53% -177.12% 87.76% 82.67%
Non US
0.00% -39.00% 137.36% 66.81%

GBATX - Expenses

Operational Fees

GBATX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.85% 0.16% 2.71% 94.99%
Management Fee 0.00% 0.00% 1.70% 1.28%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.70% N/A

Sales Fees

GBATX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% 100.00%
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

GBATX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 2.00% 2.00% 100.00%

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.

GBATX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 95.00% 0.00% 441.00% 67.46%

GBATX - Distributions

Dividend Yield Analysis

GBATX Category Low Category High GBATX % Rank
Dividend Yield 10.67% 0.00% 10.92% 72.56%

Dividend Distribution Analysis

GBATX Category Low Category High Category Mod
Dividend Distribution Frequency SemiAnnual Annually Monthly Monthly

Net Income Ratio Analysis

GBATX Category Low Category High GBATX % Rank
Net Income Ratio 2.71% -5.20% 6.33% 16.99%

Capital Gain Distribution Analysis

GBATX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

GBATX - Fund Manager Analysis

Managers

Ben Inker


Start Date

Tenure

Tenure Rank

May 31, 2005

17.01

17.0%

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