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Name

As of 04/16/2024

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

GMO International Developed Equity Allocation Fund

GIOTX | Fund

$16.69

$257 M

12.47%

$2.11

0.70%

Vitals

YTD Return

2.3%

1 yr return

13.2%

3 Yr Avg Return

2.6%

5 Yr Avg Return

7.0%

Net Assets

$257 M

Holdings in Top 10

100.0%

52 WEEK LOW AND HIGH

$16.9
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.70%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 18.00%

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 04/16/2024

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

GMO International Developed Equity Allocation Fund

GIOTX | Fund

$16.69

$257 M

12.47%

$2.11

0.70%

GIOTX - Profile

Distributions

  • YTD Total Return 2.3%
  • 3 Yr Annualized Total Return 2.6%
  • 5 Yr Annualized Total Return 7.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 5.82%
DIVIDENDS
  • Dividend Yield 12.5%
  • Dividend Distribution Frequency SemiAnnual

Fund Details

  • Legal Name
    GMO International Developed Equity Allocation Fund
  • Fund Family Name
    GMO Mutual Funds
  • Inception Date
    Jun 05, 2006
  • Shares Outstanding
    N/A
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Ben Inker

Fund Description

The Fund is a fund of funds and invests primarily in equities traded in non-U.S. markets (including emerging markets) through its investment in other series of GMO Trust, including International Equity Fund, Emerging Markets Fund and Japan Value Creation Fund (collectively, the “underlying GMO Funds”) (see “Additional Information About the Funds’ Investment Strategies, Risks, and Expenses — Asset Allocation Funds”). The Fund also may invest directly in securities (including other underlying funds) and derivatives.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 determine the asset classes in which the Fund invests and how much the Fund invests in each asset class. 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 factors GMO considers and investment methods GMO uses can change over time. Under normal circumstances, the Fund invests (including through its investment in the underlying GMO Funds) at least 80% of its assets in equities (see “Name Policies”). In addition, under normal circumstances, the Fund invests (including through its investment in the underlying GMO Funds) at least 80% of its assets in equities tied economically to developed markets (see “Name Policies”). The Fund also may invest in equities tied economically to emerging markets (which are not part of the Fund’s benchmark), but those investments typically will represent 10% or less of the Fund’s net assets measured at the time of purchase. The term “developed markets” means those countries included in the MSCI World Index, a global developed markets equity index, and countries with similar characteristics (e.g., countries that have sustained economic development, sufficient liquidity for listed companies and accessible markets).The Fund may invest in securities of companies of any market capitalization. In addition, the Fund may lend its portfolio securities.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.
Read More

GIOTX - Performance

Return Ranking - Trailing

Period GIOTX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.3% -4.3% 7.6% 31.29%
1 Yr 13.2% -5.3% 18.8% 12.58%
3 Yr 2.6%* -5.5% 74.3% 48.09%
5 Yr 7.0%* -0.7% 44.7% 16.38%
10 Yr 3.6%* -0.9% 21.7% 35.56%

* Annualized

Return Ranking - Calendar

Period GIOTX Return Category Return Low Category Return High Rank in Category (%)
2023 13.6% 1.0% 26.9% 43.08%
2022 -16.2% -27.8% 166.1% 82.45%
2021 4.2% -66.6% 64.4% 81.21%
2020 2.7% -23.1% 17.3% 24.33%
2019 19.9% 4.4% 31.6% 9.59%

Total Return Ranking - Trailing

Period GIOTX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.3% -4.3% 7.6% 31.29%
1 Yr 13.2% -5.3% 18.8% 12.58%
3 Yr 2.6%* -5.5% 74.3% 48.09%
5 Yr 7.0%* -0.7% 44.7% 16.38%
10 Yr 3.6%* -0.9% 21.7% 35.56%

* Annualized

Total Return Ranking - Calendar

Period GIOTX Return Category Return Low Category Return High Rank in Category (%)
2023 21.0% 5.4% 31.0% 10.77%
2022 -12.4% -19.9% 344.3% 76.18%
2021 11.1% -0.2% 75.3% 57.96%
2020 7.4% -20.4% 18.9% 8.00%
2019 24.4% 11.2% 32.1% 7.19%

NAV & Total Return History

GIOTX - Holdings

Concentration Analysis

GIOTX Category Low Category High GIOTX % Rank
Net Assets 257 M 2.04 M 46.7 B 70.73%
Number of Holdings 5 2 3900 98.78%
Net Assets in Top 10 253 M 485 K 14 B 33.54%
Weighting of Top 10 100.03% 0.2% 100.0% 0.61%

Top 10 Holdings

  1. GMO International Equity Fund 70.09%
  2. GMO International Opportunistic Value Fund 17.82%
  3. GMO Emerging Markets ex-China Fund 8.13%
  4. GMO-Usonian Japan Value Creation Fund 3.96%
  5. State Street Institutional Treasury Money Market Fund 0.03%

Asset Allocation

Weighting Return Low Return High GIOTX % Rank
Stocks 		100.00% 0.99% 104.06% 4.27%
Cash 		0.03% 0.00% 99.01% 91.77%
Preferred Stocks 		0.00% 0.00% 4.99% 81.40%
Other 		0.00% -1.99% 38.17% 74.70%
Convertible Bonds 		0.00% 0.00% 0.15% 62.80%
Bonds 		0.00% 0.00% 73.30% 65.24%

Stock Sector Breakdown

Weighting Return Low Return High GIOTX % Rank
Industrials 		20.91% 1.03% 36.79% 5.23%
Consumer Cyclical 		16.36% 0.00% 27.46% 11.69%
Financial Services 		14.44% 0.00% 42.76% 89.85%
Healthcare 		13.31% 0.00% 23.28% 26.15%
Consumer Defense 		9.68% 0.00% 31.84% 32.31%
Basic Materials 		9.22% 0.00% 30.76% 44.00%
Communication Services 		7.94% 0.00% 22.75% 34.15%
Technology 		6.23% 0.00% 24.16% 56.00%
Utilities 		1.06% 0.00% 27.46% 84.62%
Real Estate 		0.48% 0.00% 17.06% 69.85%
Energy 		0.38% 0.00% 26.59% 89.54%

Stock Geographic Breakdown

Weighting Return Low Return High GIOTX % Rank
US 		100.00% 0.00% 100.00% 0.61%
Non US 		0.00% 0.00% 100.56% 98.48%

GIOTX - Expenses

Operational Fees

GIOTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.70% 0.01% 7.03% 80.49%
Management Fee 0.00% 0.00% 1.25% 1.53%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.03% 0.47% N/A

Sales Fees

GIOTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% 100.00%
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

GIOTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.25% 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.

GIOTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 18.00% 2.00% 158.16% 8.74%

GIOTX - Distributions

Dividend Yield Analysis

GIOTX Category Low Category High GIOTX % Rank
Dividend Yield 12.47% 0.00% 13.84% 11.31%

Dividend Distribution Analysis

GIOTX Category Low Category High Category Mod
Dividend Distribution Frequency SemiAnnual Annual Monthly Annual

Net Income Ratio Analysis

GIOTX Category Low Category High GIOTX % Rank
Net Income Ratio 5.82% 0.18% 7.85% 2.52%

Capital Gain Distribution Analysis

GIOTX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Distributions History

View More +

GIOTX - Fund Manager Analysis

Managers

Ben Inker

Start Date

Tenure

Tenure Rank

Jun 05, 2006

16.0

16.0%

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
0.2 29.68 7.65 0.54

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