GMGEX: GMO Global Equity Allocation III

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GMGEX GMO Global Equity Allocation III

  • Fund
  • GMGEX
  • Price as of: Oct 15, 2019
  • $25.64 + $0.25 + 0.99%
  • Fund Company
  • GMO

GMGEX - Profile

Vitals

  • YTD Return 15.0%
  • 3 Yr Annualized Return 7.7%
  • 5 Yr Annualized Return 4.4%
  • Net Assets $1.62 B
  • Holdings in Top 10 100.0%

52 WEEK LOW AND HIGH

$25.64
$21.83
$25.95

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.01%

SALES FEES

  • Front Load 0.18%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 11.00%

TRADING FEES

  • Max Redemption Fee 0.18%

Min Investment

STANDARD (TAXABLE)

$5,000,000

IRA

N/A

Fund Classification

PRIMARY CATEGORY

  • Fund Type Open End Mutual Fund
  • Investment Style World Large Stock

Distributions

  • YTD Total Return 15.0%
  • 3 Yr Annualized Total Return 7.7%
  • 5 Yr Annualized Total Return 4.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.56%
DIVIDENDS
  • Dividend Yield 2.5%
  • Dividend Distribution Frequency Semi-Annually

Fund Details

  • Legal Name GMO Global Equity Allocation Fund
  • Fund Family Name GMO
  • Inception Date Nov 26, 1996
  • Shares Outstanding N/A
  • Share Class Other
  • Currency USD
  • Domiciled Country United States
  • Manager Ben Inker

GMGEX - Performance

Return Ranking - Trailing

Period GMGEX Return Category Return Low Category Return High Rank in Category (%)
YTD 15.0% -17.3% 31.1% 51.61%
1 Yr -0.6% -35.8% 16.3% 58.35%
3 Yr 7.7%* -8.7% 14.4% 30.29%
5 Yr 4.4%* -13.8% 25.9% 35.45%
10 Yr 7.1%* -5.2% 12.2% 25.28%

* Annualized


Return Ranking - Calendar

Period GMGEX Return Category Return Low Category Return High Rank in Category (%)
2018 -15.8% -44.4% -0.2% 52.61%
2017 22.8% -6.5% 38.1% 21.43%
2016 2.6% -27.8% 201.4% 58.67%
2015 -15.8% -25.0% 18.9% 96.64%
2014 -11.1% -21.1% 11.4% 91.72%

Total Return Ranking - Trailing

Period GMGEX Return Category Return Low Category Return High Rank in Category (%)
YTD 15.0% -17.3% 31.1% 51.61%
1 Yr -0.6% -35.8% 18.6% 66.59%
3 Yr 7.7%* -8.7% 17.6% 42.82%
5 Yr 4.4%* -8.2% 25.9% 60.30%
10 Yr 7.1%* -5.2% 13.0% 47.75%

* Annualized


Total Return Ranking - Calendar

Period GMGEX Return Category Return Low Category Return High Rank in Category (%)
2018 -13.0% -44.4% 1.8% 52.37%
2017 26.4% -6.5% 41.7% 21.16%
2016 8.0% -10.3% 201.4% 21.39%
2015 -5.8% -25.0% 19.6% 76.45%
2014 -0.9% -21.1% 11.4% 74.14%

NAV & Total Return History

GMGEX - Holdings

Concentration Analysis

GMGEX Category Low Category High GMGEX % Rank
Net Assets 1.62 B 25.9 K 15.1 B 17.15%
Number of Holdings 6 1 736 98.74%
Net Assets in Top 10 1.51 B 17.6 K 7.1 B 6.51%
Weighting of Top 10 99.97% 6.3% 100.2% 5.88%

Top 10 Holdings

  1. GMO International Equity IV 40.96%

  2. GMO Emerging Markets VI 27.52%

  3. GMO US Equity VI 17.33%

  4. GMO Quality VI 14.16%


Asset Allocation

Weighting Return Low Return High GMGEX % Rank
Stocks
96.77% 78.94% 100.63% 65.55%
Bonds
1.24% 0.00% 15.32% 5.46%
Other
1.18% -0.21% 7.34% 7.35%
Cash
0.48% -0.75% 19.79% 78.78%
Preferred Stocks
0.32% 0.00% 7.56% 6.93%
Convertible Bonds
0.00% 0.00% 2.73% 81.93%

Stock Sector Breakdown

Weighting Return Low Return High GMGEX % Rank
Financial Services
16.54% 0.00% 31.14% 38.66%
Technology
12.90% 0.00% 38.50% 58.40%
Industrials
12.40% 0.00% 46.12% 31.51%
Healthcare
10.92% 0.00% 31.84% 60.50%
Consumer Cyclical
10.55% 0.00% 34.03% 50.84%
Consumer Defense
9.46% 0.00% 63.85% 45.59%
Basic Materials
6.87% 0.00% 25.31% 16.18%
Energy
5.15% 0.00% 15.04% 44.96%
Real Estate
3.18% 0.00% 22.93% 36.76%
Utilities
2.24% 0.00% 30.76% 59.24%
Communication Services
2.19% 0.00% 15.01% 65.76%

Stock Geographic Breakdown

Weighting Return Low Return High GMGEX % Rank
Non US
68.87% 24.61% 88.76% 3.36%
US
27.90% 2.83% 70.92% 97.27%

Bond Sector Breakdown

Weighting Return Low Return High GMGEX % Rank
Government
1.05% -5.17% 10.93% 3.02%
Corporate
0.52% 0.00% 15.51% 14.66%
Cash & Equivalents
0.48% -22.14% 19.79% 80.82%
Derivative
0.00% -0.37% 38.48% 74.57%
Securitized
0.00% 0.00% 4.34% 79.74%
Municipal
0.00% 0.00% 0.04% 79.31%

Bond Geographic Breakdown

Weighting Return Low Return High GMGEX % Rank
US
1.24% 0.00% 11.74% 5.25%
Non US
0.00% 0.00% 10.93% 81.30%

GMGEX - Expenses

Operational Fees

GMGEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.01% 0.01% 928.63% 100.00%
Management Fee 0.00% 0.00% 1.49% 5.23%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.60% N/A

Sales Fees

GMGEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 0.18% 0.08% 5.75% 96.30%
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

GMGEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 0.18% 0.08% 2.00% 94.94%

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.

GMGEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 11.00% 0.00% 217.51% 7.28%

GMGEX - Distributions

Dividend Yield Analysis

GMGEX Category Low Category High GMGEX % Rank
Dividend Yield 2.49% 0.00% 6.56% 5.65%

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

GMGEX Category Low Category High GMGEX % Rank
Net Income Ratio 2.56% -2.10% 9.20% 11.90%

Capital Gain Distribution Analysis

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

GMGEX - Managers

Ben Inker

Manager

Start Date

Tenure

Tenure Rank

Nov 26, 1996

22.86

22.9%

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

0.0

Category High

34.32

Category Average

4.97

Category Mode

7.37