GBFFX: GMO Benchmark-Free III

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GBFFX GMO Benchmark-Free III

  • Fund
  • GBFFX
  • Price as of: Oct 15, 2019
  • $19.75 + $0.07 + 0.36%
  • Fund Company
  • GMO

GBFFX - Profile

Vitals

  • YTD Return 7.0%
  • 3 Yr Annualized Return 2.0%
  • 5 Yr Annualized Return N/A
  • Net Assets $2.89 B
  • Holdings in Top 10 43.7%

52 WEEK LOW AND HIGH

$19.75
$18.32
$20.17

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.09%

SALES FEES

  • Front Load 0.25%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 59.00%

TRADING FEES

  • Max Redemption Fee 0.25%

Min Investment

STANDARD (TAXABLE)

$5,000,000

IRA

N/A

Fund Classification

PRIMARY CATEGORY

  • Fund Type Open End Mutual Fund
  • Investment Style World Allocation

Distributions

  • YTD Total Return 7.0%
  • 3 Yr Annualized Total Return 5.1%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 2.92%
DIVIDENDS
  • Dividend Yield 3.3%
  • Dividend Distribution Frequency Semi-Annually

Fund Details

  • Legal Name GMO Benchmark-Free Fund
  • Fund Family Name GMO
  • Inception Date Jun 15, 2011
  • Shares Outstanding N/A
  • Share Class Other
  • Currency USD
  • Domiciled Country United States
  • Manager Ben Inker

Fund Description

The fund is a fund of funds and invests in shares of other series of GMO Trust (each, a "GMO Fund"). GMO implements the fund's strategy by allocating its assets among asset classes (e.g., non-U.S. equity, U.S. equity, emerging country equity, emerging country debt, non-U.S. fixed income, U.S. fixed income and commodities).

GBFFX - Performance

Return Ranking - Trailing

Period GBFFX Return Category Return Low Category Return High Rank in Category (%)
YTD 7.0% 4.3% 19.4% 87.39%
1 Yr 0.9% -8.6% 14.7% 30.25%
3 Yr 2.0%* -2.9% 31.3% 52.17%
5 Yr N/A* -2.6% 24.3% 40.54%
10 Yr N/A* -1.3% 13.2% N/A

* Annualized


Return Ranking - Calendar

Period GBFFX Return Category Return Low Category Return High Rank in Category (%)
2018 -10.7% -27.1% -7.0% 10.26%
2017 13.7% 0.0% 184.8% 15.65%
2016 2.6% -9.5% 209.2% 67.57%
2015 N/A -19.9% -2.5% N/A
2014 N/A -11.8% 5.6% N/A

Total Return Ranking - Trailing

Period GBFFX Return Category Return Low Category Return High Rank in Category (%)
YTD 7.0% 4.3% 19.4% 87.39%
1 Yr 4.5% -7.7% 14.7% 30.25%
3 Yr 5.1%* -2.9% 31.3% 40.00%
5 Yr N/A* -2.2% 30.0% 71.17%
10 Yr N/A* 0.0% 17.6% N/A

* Annualized


Total Return Ranking - Calendar

Period GBFFX Return Category Return Low Category Return High Rank in Category (%)
2018 -7.1% -27.1% -2.9% 15.38%
2017 17.1% 0.0% 184.8% 45.22%
2016 5.4% -9.5% 216.9% 69.37%
2015 N/A -19.5% -0.5% N/A
2014 N/A -11.8% 7.3% N/A

NAV & Total Return History

GBFFX - Holdings

Concentration Analysis

GBFFX Category Low Category High GBFFX % Rank
Net Assets 2.89 B 22.6 M 14.4 B 27.27%
Number of Holdings 1636 2 1847 1.65%
Net Assets in Top 10 1.25 B 15.4 M 10.8 B 23.97%
Weighting of Top 10 43.74% 13.2% 354.1% 82.64%

Top 10 Holdings

  1. Gmo Emerging Markets Fund, Classvi 11.85%

  2. Gmo Opportunistic Income Fund, Classvi 6.46%

  3. Gmo Emerging Country Debt Fund, Classiv 4.51%

  4. Gmo Sgm Major Markets Fund, Classvi 4.51%

  5. Gmo Risk Premium Fund, Classvi 3.19%

  6. Gmo Special Opportunities Fund, Classvi 3.12%

  7. U.S. Treasury Inflation Indexed Bond, 1.75% Due 3.08%

  8. U.S. Treasury Inflation Indexed Bond, 0.38% Due 2.45%

  9. U.S. Treasury Inflation Indexed Bond, 0.63% Due 2.33%

  10. U.S. Treasury Inflation Indexed Bond, 2.50% Due 2.25%


Asset Allocation

Weighting Return Low Return High GBFFX % Rank
Stocks
46.96% 0.00% 79.25% 91.74%
Other
34.00% -3.44% 59.60% 1.65%
Bonds
14.17% 9.24% 69.80% 92.56%
Cash
4.87% -9.15% 4.96% 5.79%
Preferred Stocks
0.00% 0.00% 12.11% 71.90%
Convertible Bonds
0.00% 0.00% 4.24% 89.26%

Stock Sector Breakdown

Weighting Return Low Return High GBFFX % Rank
Financial Services
9.73% 0.00% 18.97% 72.73%
Industrials
5.69% 0.04% 16.49% 80.99%
Consumer Cyclical
5.64% 0.00% 10.84% 68.60%
Technology
4.86% 0.00% 18.82% 77.69%
Consumer Defense
4.37% 0.00% 8.88% 66.94%
Basic Materials
3.66% 0.00% 23.35% 38.02%
Healthcare
3.31% 0.00% 10.22% 76.86%
Energy
2.66% 0.00% 31.29% 78.51%
Communication Services
1.93% 0.01% 7.26% 38.02%
Real Estate
1.83% 0.12% 26.98% 86.78%
Utilities
1.57% 0.07% 26.86% 80.99%

Stock Geographic Breakdown

Weighting Return Low Return High GBFFX % Rank
Non US
40.86% 0.00% 55.70% 13.22%
US
6.10% 0.00% 56.57% 99.17%

Bond Sector Breakdown

Weighting Return Low Return High GBFFX % Rank
Government
13.11% -1.12% 38.08% 22.31%
Cash & Equivalents
4.87% -15.90% 4.99% 7.44%
Securitized
0.64% 0.00% 21.12% 88.43%
Corporate
0.42% 0.42% 30.59% 100.00%
Derivative
0.00% -14.55% 9.99% 23.14%
Municipal
0.00% 0.00% 3.92% 61.98%

Bond Geographic Breakdown

Weighting Return Low Return High GBFFX % Rank
Non US
8.45% -11.09% 46.23% 4.13%
US
5.72% -1.63% 67.13% 98.35%

GBFFX - Expenses

Operational Fees

GBFFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.09% 0.00% 2.76% 95.80%
Management Fee 0.00% 0.00% 1.00% 5.79%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.40% N/A

Sales Fees

GBFFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 0.25% 0.14% 5.75% 82.61%
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

GBFFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 0.25% 0.11% 0.25% 20.00%

Turnover 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.

GBFFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 59.00% 3.00% 479.00% 69.42%

GBFFX - Distributions

Dividend Yield Analysis

GBFFX Category Low Category High GBFFX % Rank
Dividend Yield 3.29% 0.00% 10.06% 13.22%

Dividend Distribution Analysis

GBFFX Category Low Category High Category Mode
Dividend Distribution Frequency Semi-Annually Annually Quarterly Annually

Dividend Payout History


Net Income Ratio Analysis

GBFFX Category Low Category High GBFFX % Rank
Net Income Ratio 2.92% 0.14% 5.46% 14.29%

Capital Gain Distribution Analysis

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

GBFFX - Managers

Ben Inker

Manager

Start Date

Tenure

Tenure Rank

Jun 15, 2011

8.3

8.3%

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

Manager

Start Date

Tenure

Tenure Rank

Jun 30, 2019

0.25

0.3%

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

0.07

Category High

22.95

Category Average

6.22

Category Mode

5.57