GMO High Yield Fund
Name
As of 04/17/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
-0.5%
1 yr return
7.8%
3 Yr Avg Return
2.2%
5 Yr Avg Return
3.9%
Net Assets
$172 M
Holdings in Top 10
91.0%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.47%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 98.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$300,000,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 04/17/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
GHVIX - Profile
Distributions
- YTD Total Return -0.5%
- 3 Yr Annualized Total Return 2.2%
- 5 Yr Annualized Total Return 3.9%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.05%
- Dividend Yield 8.8%
- Dividend Distribution Frequency SemiAnnual
Fund Details
-
Legal NameGMO High Yield Fund
-
Fund Family NameGMO Mutual Funds
-
Inception DateJun 25, 2018
-
Shares OutstandingN/A
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerJoe Auth
Fund Description
GHVIX - Performance
Return Ranking - Trailing
Period | GHVIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -0.5% | -6.8% | 4.6% | 86.83% |
1 Yr | 7.8% | -9.2% | 14.6% | 50.16% |
3 Yr | 2.2%* | -16.4% | 19.8% | 20.20% |
5 Yr | 3.9%* | -11.9% | 36.5% | 18.58% |
10 Yr | N/A* | -4.8% | 19.3% | N/A |
* Annualized
Return Ranking - Calendar
Period | GHVIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 8.2% | -4.7% | 14.3% | 3.59% |
2022 | -14.8% | -33.4% | 3.6% | 37.01% |
2021 | -7.8% | -8.4% | 14.9% | 99.51% |
2020 | 3.1% | -13.9% | 302.7% | 8.95% |
2019 | 6.0% | -4.4% | 13.3% | 76.95% |
Total Return Ranking - Trailing
Period | GHVIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -0.5% | -6.8% | 4.6% | 86.83% |
1 Yr | 7.8% | -9.2% | 14.6% | 50.16% |
3 Yr | 2.2%* | -16.4% | 19.8% | 20.20% |
5 Yr | 3.9%* | -11.9% | 36.5% | 18.58% |
10 Yr | N/A* | -4.8% | 19.3% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | GHVIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 12.9% | -4.7% | 18.2% | 28.55% |
2022 | -8.0% | -33.4% | 47.8% | 17.17% |
2021 | 5.0% | -8.4% | 24.8% | 50.49% |
2020 | 5.5% | -9.6% | 325.6% | 49.83% |
2019 | 14.3% | 0.9% | 21.5% | 38.99% |
NAV & Total Return History
GHVIX - Holdings
Concentration Analysis
GHVIX | Category Low | Category High | GHVIX % Rank | |
---|---|---|---|---|
Net Assets | 172 M | 1.45 M | 23.6 B | 75.81% |
Number of Holdings | 103 | 2 | 2736 | 92.41% |
Net Assets in Top 10 | 151 M | -492 M | 4.45 B | 33.13% |
Weighting of Top 10 | 91.05% | 4.2% | 146.9% | 1.24% |
Top 10 Holdings
- NOMURA REPO 39.09%
- Japan Treasury Discount Bill 15.21%
- United States Treasury Floating Rate Note 9.36%
- United States Treasury Floating Rate Note 9.24%
- Japan Treasury Discount Bill 6.21%
- United States Treasury Floating Rate Note 5.73%
- United States Treasury Floating Rate Note 3.13%
- State Street Institutional Treasury Money Market Fund 1.37%
- SWAP/CDSWAP/ICE: (CDX.NA.HY.41.V1) 0.93%
- TRSWAP: IBOXHY INDEX 0.79%
Asset Allocation
Weighting | Return Low | Return High | GHVIX % Rank | |
---|---|---|---|---|
Other | 41.43% | -63.70% | 102.57% | 0.62% |
Bonds | 37.30% | -3.13% | 154.38% | 96.61% |
Cash | 22.78% | -52.00% | 48.07% | 0.62% |
Stocks | 0.00% | 0.00% | 99.54% | 75.19% |
Preferred Stocks | 0.00% | 0.00% | 7.88% | 46.28% |
Convertible Bonds | 0.00% | 0.00% | 17.89% | 94.27% |
Bond Sector Breakdown
Weighting | Return Low | Return High | GHVIX % Rank | |
---|---|---|---|---|
Government | 46.54% | 0.00% | 99.07% | 0.78% |
Cash & Equivalents | 22.78% | 0.00% | 48.07% | 0.62% |
Corporate | 20.50% | 0.00% | 129.69% | 98.14% |
Derivative | 2.34% | -15.04% | 42.26% | 3.72% |
Securitized | 0.00% | 0.00% | 97.24% | 50.08% |
Municipal | 0.00% | 0.00% | 4.66% | 14.11% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | GHVIX % Rank | |
---|---|---|---|---|
US | 37.30% | -3.13% | 129.21% | 96.13% |
Non US | 0.00% | 0.00% | 98.19% | 45.05% |
GHVIX - Expenses
Operational Fees
GHVIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.47% | 0.04% | 31.61% | 92.72% |
Management Fee | 0.41% | 0.00% | 1.84% | 14.97% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.00% | 0.50% | N/A |
Sales Fees
GHVIX 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% | 5.00% | N/A |
Trading Fees
GHVIX 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.
GHVIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 98.00% | 1.00% | 255.00% | 85.91% |
GHVIX - Distributions
Dividend Yield Analysis
GHVIX | Category Low | Category High | GHVIX % Rank | |
---|---|---|---|---|
Dividend Yield | 8.80% | 0.00% | 48.30% | 88.92% |
Dividend Distribution Analysis
GHVIX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | SemiAnnual | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
GHVIX | Category Low | Category High | GHVIX % Rank | |
---|---|---|---|---|
Net Income Ratio | 1.05% | -2.39% | 14.30% | 99.37% |
Capital Gain Distribution Analysis
GHVIX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 18, 2023 | $0.776 | OrdinaryDividend |
Dec 19, 2022 | $1.298 | OrdinaryDividend |
Dec 20, 2019 | $1.155 | OrdinaryDividend |
Jul 10, 2019 | $0.416 | OrdinaryDividend |
GHVIX - Fund Manager Analysis
Managers
Joe Auth
Start Date
Tenure
Tenure Rank
Apr 16, 2018
4.13
4.1%
Mr. Auth has been responsible for providing portfolio management services to GMO’s structured credit portfolios since 2014. Previously, Mr. Auth was a portfolio manager at Harvard Management Company.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.13 | 37.79 | 7.12 | 8.17 |