GIMFX: GMO Implementation

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GIMFX GMO Implementation

  • Fund
  • GIMFX
  • Price as of: Oct 15, 2019
  • $13.34 + $0.04 + 0.30%
  • Fund Company
  • GMO

GIMFX - Profile

Vitals

  • YTD Return 6.4%
  • 3 Yr Annualized Return 1.5%
  • 5 Yr Annualized Return N/A
  • Net Assets $7.78 B
  • Holdings in Top 10 17.4%

52 WEEK LOW AND HIGH

$13.34
$12.38
$13.61

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.14%

SALES FEES

  • Front Load 0.20%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 112.00%

TRADING FEES

  • Max Redemption Fee 0.20%

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 6.4%
  • 3 Yr Annualized Total Return 4.8%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 2.95%
DIVIDENDS
  • Dividend Yield 3.9%
  • Dividend Distribution Frequency Semi-Annually

Fund Details

  • Legal Name GMO Implementation Fund
  • Fund Family Name GMO
  • Inception Date Mar 01, 2012
  • Shares Outstanding N/A
  • Share Class Other
  • Currency USD
  • Domiciled Country United States
  • Manager Ben Inker

Fund Description

Depending on GMO's outlook, the fund may have exposure to any asset class (e.g., non-U.S. equity, U.S. equity, emerging country equity, emerging country debt, non-U.S. fixed income, U.S. fixed income, real estate, and commodities) and at times may be substantially invested in a single asset class. It does not invest directly in commodities and commodity-related derivatives. The fund also may invest in U.S. Treasury Fund, in money market funds unaffiliated with GMO, and directly in the types of investments typically held by money market funds. The fund is non-diversified.

GIMFX - Performance

Return Ranking - Trailing

Period GIMFX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.4% 4.3% 19.4% 90.76%
1 Yr 0.4% -8.6% 14.7% 40.34%
3 Yr 1.5%* -2.9% 31.3% 58.26%
5 Yr N/A* -2.6% 24.3% N/A
10 Yr N/A* -1.3% 13.2% N/A

* Annualized


Return Ranking - Calendar

Period GIMFX Return Category Return Low Category Return High Rank in Category (%)
2018 -9.7% -27.1% -7.0% 7.69%
2017 10.8% 0.0% 184.8% 48.70%
2016 1.5% -9.5% 209.2% 76.58%
2015 N/A -19.9% -2.5% N/A
2014 N/A -11.8% 5.6% N/A

Total Return Ranking - Trailing

Period GIMFX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.4% 4.3% 19.4% 90.76%
1 Yr 4.6% -7.7% 14.7% 27.73%
3 Yr 4.8%* -2.9% 31.3% 40.87%
5 Yr N/A* -2.2% 30.0% N/A
10 Yr N/A* 0.0% 17.6% N/A

* Annualized


Total Return Ranking - Calendar

Period GIMFX Return Category Return Low Category Return High Rank in Category (%)
2018 -5.6% -27.1% -2.9% 4.27%
2017 14.1% 0.0% 184.8% 57.39%
2016 3.6% -9.5% 216.9% 72.07%
2015 N/A -19.5% -0.5% N/A
2014 N/A -11.8% 7.3% N/A

NAV & Total Return History

GIMFX - Holdings

Concentration Analysis

GIMFX Category Low Category High GIMFX % Rank
Net Assets 7.78 B 22.6 M 14.4 B 11.57%
Number of Holdings 1847 2 1847 0.83%
Net Assets in Top 10 1.48 B 15.4 M 10.8 B 21.49%
Weighting of Top 10 17.36% 13.2% 354.1% 99.17%

Top 10 Holdings

  1. U.S. Treasury Inflation Indexed Bond, 0.38% Due 2.81%

  2. U.S. Treasury Inflation Indexed Bond, 0.63% Due 2.69%

  3. U.S. Treasury Inflation Indexed Bond, 1.75% Due 2.58%

  4. U.S. Treasury Inflation Indexed Bond, 2.50% Due 2.20%

  5. U.S. Treasury Inflation Indexed Bond, 0.50% Due 1.67%

  6. U.S. Treasury Inflation Indexed Bond, 0.63% Due 1.27%

  7. United States Treasury Notes 1.23%

  8. Gazprom PJSC ADR 1.05%

  9. United States Treasury Notes 0.98%

  10. U.S. Treasury Inflation Indexed Bond, 0.25% Due 0.88%


Asset Allocation

Weighting Return Low Return High GIMFX % Rank
Stocks
68.59% 0.00% 79.25% 57.02%
Bonds
23.57% 9.24% 69.80% 45.45%
Cash
3.52% -9.15% 4.96% 36.36%
Other
3.41% -3.44% 59.60% 13.22%
Preferred Stocks
0.90% 0.00% 12.11% 5.79%
Convertible Bonds
0.02% 0.00% 4.24% 75.21%

Stock Sector Breakdown

Weighting Return Low Return High GIMFX % Rank
Financial Services
14.91% 0.00% 18.97% 4.96%
Technology
8.48% 0.00% 18.82% 66.94%
Industrials
8.00% 0.04% 16.49% 36.36%
Consumer Cyclical
7.14% 0.00% 10.84% 60.33%
Basic Materials
5.21% 0.00% 23.35% 13.22%
Consumer Defense
5.06% 0.00% 8.88% 47.93%
Energy
5.03% 0.00% 31.29% 23.97%
Healthcare
4.01% 0.00% 10.22% 76.03%
Real Estate
3.55% 0.12% 26.98% 40.50%
Communication Services
2.35% 0.01% 7.26% 19.01%
Utilities
2.28% 0.07% 26.86% 33.06%

Stock Geographic Breakdown

Weighting Return Low Return High GIMFX % Rank
Non US
55.70% 0.00% 55.70% 0.83%
US
12.89% 0.00% 56.57% 90.91%

Bond Sector Breakdown

Weighting Return Low Return High GIMFX % Rank
Government
20.08% -1.12% 38.08% 13.22%
Cash & Equivalents
4.11% -15.90% 4.99% 30.58%
Corporate
3.02% 0.42% 30.59% 88.43%
Securitized
0.71% 0.00% 21.12% 87.60%
Municipal
0.08% 0.00% 3.92% 39.67%
Derivative
0.00% -14.55% 9.99% 22.31%

Bond Geographic Breakdown

Weighting Return Low Return High GIMFX % Rank
US
21.41% -1.63% 67.13% 46.28%
Non US
2.16% -11.09% 46.23% 59.50%

GIMFX - Expenses

Operational Fees

GIMFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.14% 0.00% 2.76% 87.39%
Management Fee 0.00% 0.00% 1.00% 4.96%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.40% N/A

Sales Fees

GIMFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 0.20% 0.14% 5.75% 86.96%
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

GIMFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 0.20% 0.11% 0.25% 40.00%

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.

GIMFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 112.00% 3.00% 479.00% 85.95%

GIMFX - Distributions

Dividend Yield Analysis

GIMFX Category Low Category High GIMFX % Rank
Dividend Yield 3.90% 0.00% 10.06% 4.96%

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

GIMFX Category Low Category High GIMFX % Rank
Net Income Ratio 2.95% 0.14% 5.46% 13.45%

Capital Gain Distribution Analysis

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

GIMFX - Managers

Ben Inker

Manager

Start Date

Tenure

Tenure Rank

Mar 01, 2012

7.59

7.6%

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