GBMIX: GMO Benchmark-Free Allocation Fund - MutualFunds.com

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GMO Benchmark-Free Allocation Fund

GBMIX - Snapshot

Vitals

  • YTD Return -3.9%
  • 3 Yr Annualized Return -0.4%
  • 5 Yr Annualized Return 2.4%
  • Net Assets $6.64 B
  • Holdings in Top 10 100.0%

52 WEEK LOW AND HIGH

$25.89
$20.94
$27.80

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.89%

SALES FEES

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

BROKERAGE FEES

  • Turnover 10.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $0
  • IRA N/A

Fund Classification


Compare GBMIX to Popular International Allocation Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$62.33

+0.10%

$93.12 B

3.21%

$2.00

-1.56%

-

$61.08

+0.08%

$41.41 B

1.20%

$0.73

5.40%

-

$22.01

+0.32%

$22.38 B

-

$0.12

13.86%

-

$36.65

+0.47%

$20.45 B

1.28%

$0.47

6.79%

-

$21.05

+0.29%

$9.17 B

4.24%

$0.89

-6.82%

-

GBMIX - Profile

Distributions

  • YTD Total Return -3.9%
  • 3 Yr Annualized Total Return -0.4%
  • 5 Yr Annualized Total Return 2.4%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 7.22%
DIVIDENDS
  • Dividend Yield 3.4%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    GMO Benchmark-Free Allocation Fund
  • Fund Family Name
    GMO
  • Inception Date
    Aug 08, 2019
  • Shares Outstanding
    N/A
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Ben Inker

Fund Description

The fund is structured as a fund of funds and gains its investment exposures primarily by investing in Implementation Fund. It seeks annualized returns of 5% (net of fees) above the Consumer Price Index and annualized volatility (standard deviation) of 5-10%, each over a complete market cycle.


GBMIX - Performance

Return Ranking - Trailing

Period GBMIX Return Category Return Low Category Return High Rank in Category (%)
YTD -3.9% -22.7% 26.8% 84.98%
1 Yr -4.0% -26.3% 19.3% 63.41%
3 Yr -0.4%* -31.9% 9.0% 76.99%
5 Yr 2.4%* -4.4% 9.7% 80.63%
10 Yr 3.5%* -3.0% 9.3% 79.35%

* Annualized

Return Ranking - Calendar

Period GBMIX Return Category Return Low Category Return High Rank in Category (%)
2019 N/A -46.3% 27.8% N/A
2018 N/A -41.9% 1.1% N/A
2017 N/A -100.0% 20.6% N/A
2016 N/A -17.0% 210.7% N/A
2015 N/A -28.1% 0.8% N/A

Total Return Ranking - Trailing

Period GBMIX Return Category Return Low Category Return High Rank in Category (%)
YTD -3.9% -22.7% 26.8% 84.98%
1 Yr -4.0% -26.3% 19.3% 59.15%
3 Yr -0.4%* -31.9% 9.0% 74.72%
5 Yr 2.4%* -4.4% 9.7% 78.93%
10 Yr 3.5%* -3.0% 9.3% 79.35%

* Annualized

Total Return Ranking - Calendar

Period GBMIX Return Category Return Low Category Return High Rank in Category (%)
2019 N/A -46.3% 27.8% N/A
2018 N/A -41.9% 1.1% N/A
2017 N/A -100.0% 23.1% N/A
2016 N/A -9.5% 233.7% N/A
2015 N/A -28.1% 6.6% N/A

NAV & Total Return History


GBMIX - Holdings

Concentration Analysis

GBMIX Category Low Category High GBMIX % Rank
Net Assets 6.64 B 11.3 K 93.1 B 11.38%
Number of Holdings 8 1 2861 95.65%
Net Assets in Top 10 7.14 B -2.13 B 19.2 B 5.53%
Weighting of Top 10 99.99% 9.7% 100.0% 2.76%

Top 10 Holdings

  1. GMO Implementation 84.54%
  2. GMO Opportunistic Income VI 5.12%
  3. GMO Emerging Country Debt IV 3.49%
  4. GMO Special Opportunities VI 2.89%
  5. GMO SGM Major Markets VI 2.82%
  6. GMO High Yield VI 1.07%
  7. State Street Instl Treasury MMkt Invsmt 0.06%

Asset Allocation

Weighting Return Low Return High GBMIX % Rank
Bonds
51.31% 0.00% 99.58% 11.66%
Stocks
27.54% -0.83% 112.99% 94.07%
Cash
19.81% -75.57% 100.00% 14.43%
Preferred Stocks
0.31% 0.00% 39.29% 30.24%
Other
0.23% -1.03% 120.34% 45.06%
Convertible Bonds
0.03% 0.00% 23.13% 72.53%

Stock Sector Breakdown

Weighting Return Low Return High GBMIX % Rank
Financial Services
18.18% 0.00% 23.50% 5.23%
Consumer Cyclical
14.01% 0.00% 33.67% 12.88%
Technology
13.08% 0.00% 37.72% 62.78%
Industrials
10.67% 0.10% 28.28% 42.25%
Basic Materials
7.81% 0.00% 38.07% 21.53%
Healthcare
7.71% 0.00% 55.30% 73.24%
Consumer Defense
6.43% 0.00% 31.24% 59.15%
Communication Services
6.35% 0.00% 21.75% 70.22%
Energy
5.83% 0.00% 37.90% 23.14%
Real Estate
5.21% 0.00% 91.43% 48.29%
Utilities
4.69% 0.00% 73.92% 35.81%

Stock Geographic Breakdown

Weighting Return Low Return High GBMIX % Rank
Non US
23.47% -0.02% 73.21% 68.38%
US
4.07% -45.71% 112.99% 95.26%

Bond Sector Breakdown

Weighting Return Low Return High GBMIX % Rank
Derivative
38.18% 0.00% 74.24% 3.56%
Government
28.82% 0.00% 97.95% 42.09%
Cash & Equivalents
25.74% 0.42% 100.00% 34.78%
Corporate
3.65% 0.00% 96.76% 80.63%
Securitized
3.49% 0.00% 56.62% 50.20%
Municipal
0.12% 0.00% 4.16% 21.34%

Bond Geographic Breakdown

Weighting Return Low Return High GBMIX % Rank
US
29.52% -10.74% 99.01% 24.11%
Non US
21.79% -7.51% 48.17% 10.67%

GBMIX - Expenses

Operational Fees

GBMIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.89% 0.01% 23.75% 68.30%
Management Fee 0.80% 0.00% 1.90% 79.13%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.70% N/A

Sales Fees

GBMIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.25% 5.75% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

GBMIX 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.

GBMIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 10.00% 0.00% 464.61% 6.15%

GBMIX - Distributions

Dividend Yield Analysis

GBMIX Category Low Category High GBMIX % Rank
Dividend Yield 3.43% 0.00% 10.94% 2.17%

Dividend Distribution Analysis

GBMIX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Quarterly Annually

Net Income Ratio Analysis

GBMIX Category Low Category High GBMIX % Rank
Net Income Ratio 7.22% -2.28% 7.25% 0.41%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

GBMIX - Fund Manager Analysis

Managers

Ben Inker


Start Date

Tenure

Tenure Rank

Jul 23, 2003

17.29

17.3%

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


Start Date

Tenure

Tenure Rank

Jun 30, 2019

1.34

1.3%

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 Category High Category Average Category Mode
0.01 28.85 6.48 7.84
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