GUGAX: GMO Multi-Sector Fixed Income III

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GUGAX GMO Multi-Sector Fixed Income III


Profile

GUGAX - Profile

Vitals

  • YTD Return 4.3%
  • 3 Yr Annualized Return 1.1%
  • 5 Yr Annualized Return 25.6%
  • Net Assets $366 M
  • Holdings in Top 10 94.9%

52 WEEK LOW AND HIGH

$22.34
$20.60
$22.89

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.45%

SALES FEES

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

BROKERAGE FEES

  • Turnover 215.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $5,000,000
  • IRA N/A

Fund Classification


Distributions

  • YTD Total Return 4.3%
  • 3 Yr Annualized Total Return 3.6%
  • 5 Yr Annualized Total Return 28.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.43%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Semi-Annually

Fund Details

  • Legal Name
    GMO Multi-Sector Fixed Income Fund
  • Fund Family Name
    GMO
  • Inception Date
    Apr 30, 1997
  • Shares Outstanding
    N/A
  • Share Class
    C
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Greg Jones

Fund Description

Under normal circumstances, the fund invests directly and indirectly (e.g., through other GMO Funds or derivatives) at least 80% of its assets in bonds. The term "bond" includes (i) obligations of an issuer to make payments on future dates of principal, interest (whether fixed or variable) or both and (ii) synthetic debt instruments created by GMO by using derivatives (e.g., a futures contract, swap contract, currency forward, or option). The fund is non-diversified.


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Categories

Performance

GUGAX - Performance

Return Ranking - Trailing

Period GUGAX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.3% -12.1% 14.0% 70.94%
1 Yr -0.8% -11.9% 11.3% 88.74%
3 Yr 1.1%* -7.6% 5.2% 78.41%
5 Yr 25.6%* -6.3% 25.6% 1.27%
10 Yr 11.6%* -4.7% 11.6% 1.92%

* Annualized

Return Ranking - Calendar

Period GUGAX Return Category Return Low Category Return High Rank in Category (%)
2019 3.7% -1.3% 13.9% 74.43%
2018 -2.9% -10.3% 2.7% 34.39%
2017 2.0% -2.2% 8.1% 36.84%
2016 192.8% -22.1% 192.8% 0.63%
2015 -6.4% -12.2% -0.4% 88.74%

Total Return Ranking - Trailing

Period GUGAX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.3% -12.1% 14.0% 70.94%
1 Yr -0.8% -11.9% 11.3% 88.74%
3 Yr 3.6%* -7.6% 5.2% 14.77%
5 Yr 28.4%* -6.3% 28.5% 1.27%
10 Yr 16.0%* -4.7% 16.1% 1.92%

* Annualized

Total Return Ranking - Calendar

Period GUGAX Return Category Return Low Category Return High Rank in Category (%)
2019 3.7% -1.2% 13.9% 74.89%
2018 2.1% -10.3% 3.9% 3.70%
2017 4.4% -2.2% 8.4% 13.45%
2016 204.1% -22.1% 204.3% 1.25%
2015 -1.5% -12.2% 3.7% 25.17%

NAV & Total Return History


Holdings

GUGAX - Holdings

Concentration Analysis

GUGAX Category Low Category High GUGAX % Rank
Net Assets 366 M 3.17 M 70.6 B 57.49%
Number of Holdings 387 5 7322 61.38%
Net Assets in Top 10 443 M -1.26 B 27.3 B 24.80%
Weighting of Top 10 94.93% 5.8% 94.9% 0.43%

Top 10 Holdings

  1. GMO Opportunistic Income VI 17.53%
  2. iShares iBoxx $ Invmt Grade Corp Bd ETF 16.02%
  3. Us 5yr Note (Cbt) Sep20 Xcbt 20200930 12.50%
  4. Chf Int Rate Swap -0.34 % Receive 9.56%
  5. Eur Int Rate Swap -0.1155 % Receive 8.80%
  6. GMO US Treasury 7.59%
  7. Commercial Mortgage Trust 3.42% 6.79%
  8. Usd Int Rate Swap 0.7 % Receive 6.53%
  9. Us 2yr Note (Cbt) Sep20 Xcbt 20200930 5.02%
  10. GMO Emerging Country Debt IV 4.58%

Asset Allocation

Weighting Return Low Return High GUGAX % Rank
Bonds
202.48% -62.81% 231.56% 0.81%
Convertible Bonds
0.56% 0.00% 4.38% 77.24%
Stocks
0.01% -0.03% 12.20% 17.41%
Preferred Stocks
0.00% 0.00% 7.73% 38.62%
Other
0.00% -7.84% 7.38% 21.54%
Cash
-103.84% -137.69% 168.59% 99.19%

Bond Sector Breakdown

Weighting Return Low Return High GUGAX % Rank
Government
34.05% 0.00% 85.82% 13.01%
Cash & Equivalents
27.84% 0.00% 58.89% 14.23%
Derivative
22.09% 0.00% 30.18% 6.10%
Securitized
11.67% 0.00% 87.00% 85.37%
Corporate
4.35% 0.00% 83.87% 90.65%
Municipal
0.00% 0.00% 27.42% 71.14%

Bond Geographic Breakdown

Weighting Return Low Return High GUGAX % Rank
US
164.37% -63.01% 239.68% 2.03%
Non US
38.11% -140.55% 83.99% 7.32%

Expenses

GUGAX - Expenses

Operational Fees

GUGAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.45% 0.02% 18.96% 91.42%
Management Fee 0.40% 0.00% 0.96% 34.16%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.03% 0.50% N/A

Sales Fees

GUGAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.50% 4.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

GUGAX 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.

GUGAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 215.00% 7.12% 438.00% 64.42%

Distributions

GUGAX - Distributions

Dividend Yield Analysis

GUGAX Category Low Category High GUGAX % Rank
Dividend Yield 0.00% 0.00% 3.49% 10.12%

Dividend Distribution Analysis

GUGAX Category Low Category High Category Mod
Dividend Distribution Frequency Semi-Annually Quarterly Monthly Monthly

Net Income Ratio Analysis

GUGAX Category Low Category High GUGAX % Rank
Net Income Ratio 2.43% -0.35% 10.54% 65.37%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

GUGAX - Fund Manager Analysis

Managers

Greg Jones


Start Date

Tenure

Tenure Rank

Feb 06, 2015

5.48

5.5%

Co-Head, Developed Rates and FX Team, GMO. Dr. Jones has been responsible for providing portfolio management and research services to GMO’s developed rates and FX portfolios since 2008.

Jason Hotra


Start Date

Tenure

Tenure Rank

Jun 01, 2016

4.17

4.2%

Mr. Hotra is a Portfolio Manager for Developed Fixed Income Team of GMO. Mr. Hotra has been responsible for providing portfolio management services to GMO’s developed fixed income portfolios since June 2016. Previously, Mr. Hotra was a portfolio manager at Convexity Capital Management.

Riti Samanta


Start Date

Tenure

Tenure Rank

Jun 30, 2020

0.08

0.1%

Tenure Analysis

Category Low Category High Category Average Category Mode
0.01 27.6 5.8 5.85