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Name

As of 11/20/2024

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 Global Developed Equity Allocation Fund

GWOAX | Fund

$26.34

$75.9 M

1.14%

$0.30

0.61%

Vitals

YTD Return

11.0%

1 yr return

18.4%

3 Yr Avg Return

5.7%

5 Yr Avg Return

9.9%

Net Assets

$75.9 M

Holdings in Top 10

97.0%

52 WEEK LOW AND HIGH

$26.4
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.61%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 19.00%

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 11/20/2024

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 Global Developed Equity Allocation Fund

GWOAX | Fund

$26.34

$75.9 M

1.14%

$0.30

0.61%

GWOAX - Profile

Distributions

  • YTD Total Return 11.0%
  • 3 Yr Annualized Total Return 5.7%
  • 5 Yr Annualized Total Return 9.9%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.61%
DIVIDENDS
  • Dividend Yield 1.1%
  • Dividend Distribution Frequency SemiAnnual

Fund Details

  • Legal Name
    GMO Global Developed Equity Allocation Fund
  • Fund Family Name
    GMO Mutual Funds
  • Inception Date
    Jun 16, 2005
  • 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 U.S. and non-U.S. markets (including emerging markets) through its investment in the Equity Funds and in GMO-managed exchange-traded funds (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 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 over a complete market cycle. GMO changes the Fund’s asset class exposures 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 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 also may obtain exposure to 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 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

GWOAX - Performance

Return Ranking - Trailing

Period GWOAX Return Category Return Low Category Return High Rank in Category (%)
YTD 11.0% -35.6% 29.2% 6.26%
1 Yr 18.4% 17.3% 252.4% 36.14%
3 Yr 5.7%* -3.5% 34.6% 60.34%
5 Yr 9.9%* 0.1% 32.7% 56.24%
10 Yr 7.7%* -6.9% 18.3% 56.59%

* Annualized

Return Ranking - Calendar

Period GWOAX Return Category Return Low Category Return High Rank in Category (%)
2023 15.3% -24.3% 957.1% 70.57%
2022 -20.1% -38.3% 47.1% 52.47%
2021 5.1% -54.2% 0.6% 55.32%
2020 6.3% -76.0% 54.1% 31.77%
2019 21.1% -26.1% 47.8% 66.67%

Total Return Ranking - Trailing

Period GWOAX Return Category Return Low Category Return High Rank in Category (%)
YTD 11.0% -35.6% 29.2% 6.38%
1 Yr 18.4% 11.4% 252.4% 32.73%
3 Yr 5.7%* -3.5% 34.6% 58.27%
5 Yr 9.9%* 0.1% 32.7% 54.63%
10 Yr 7.7%* -6.9% 18.3% 54.92%

* Annualized

Total Return Ranking - Calendar

Period GWOAX Return Category Return Low Category Return High Rank in Category (%)
2023 22.4% -24.3% 957.1% 70.57%
2022 -14.0% -33.1% 47.1% 52.84%
2021 18.5% -44.4% 1.8% 56.12%
2020 10.5% -6.5% 54.1% 29.14%
2019 26.6% -14.4% 47.8% 22.49%

NAV & Total Return History

GWOAX - Holdings

Concentration Analysis

GWOAX Category Low Category High GWOAX % Rank
Net Assets 75.9 M 199 K 133 B 73.90%
Number of Holdings 13 1 9075 95.15%
Net Assets in Top 10 75.6 M -18 M 37.6 B 57.27%
Weighting of Top 10 97.04% 9.1% 100.0% 0.91%

Top 10 Holdings

  1. GMO International Equity Fund 27.01%
  2. GMO Quality Fund 15.60%
  3. GMO US Opportunistic Value Fund 15.29%
  4. GMO International Opportunistic Value Fund 10.90%
  5. GMO US Equity Fund 7.11%
  6. GMO-Usonian Japan Value Creation Fund 5.93%
  7. GMO Small Cap Quality Fund 4.92%
  8. GMO Quality Cyclicals Fund 4.82%
  9. GMO US Small Cap Value Fund 3.11%
  10. GMO Resources Fund 2.35%

Asset Allocation

Weighting Return Low Return High GWOAX % Rank
Stocks 		99.95% 61.84% 125.47% 90.42%
Cash 		0.10% -174.70% 23.12% 68.61%
Preferred Stocks 		0.00% -0.01% 5.28% 11.23%
Other 		0.00% -13.98% 19.14% 1.76%
Convertible Bonds 		0.00% 0.00% 4.46% 92.29%
Bonds 		0.00% -1.50% 161.67% 2.42%

Stock Sector Breakdown

Weighting Return Low Return High GWOAX % Rank
Financial Services 		16.30% 0.00% 38.42% 51.76%
Consumer Cyclical 		15.87% 0.00% 40.94% 27.53%
Technology 		15.27% 0.00% 49.87% 67.29%
Industrials 		15.23% 0.00% 44.06% 46.04%
Healthcare 		11.77% 0.00% 35.42% 63.00%
Consumer Defense 		8.82% 0.00% 73.28% 33.70%
Basic Materials 		6.80% 0.00% 38.60% 13.33%
Communication Services 		6.53% 0.00% 57.66% 78.63%
Energy 		1.45% 0.00% 21.15% 42.18%
Real Estate 		1.40% 0.00% 39.48% 55.84%
Utilities 		0.55% 0.00% 29.12% 26.98%

Stock Geographic Breakdown

Weighting Return Low Return High GWOAX % Rank
US 		99.95% 0.13% 103.82% 90.97%
Non US 		0.00% 0.58% 99.46% 10.79%

GWOAX - Expenses

Operational Fees

GWOAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.61% 0.01% 44.27% 99.66%
Management Fee 0.00% 0.00% 1.82% 2.74%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.76% N/A

Sales Fees

GWOAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.50% 5.75% 100.00%
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

GWOAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 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.

GWOAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 19.00% 0.00% 395.00% 21.22%

GWOAX - Distributions

Dividend Yield Analysis

GWOAX Category Low Category High GWOAX % Rank
Dividend Yield 1.14% 0.00% 3.26% 92.45%

Dividend Distribution Analysis

GWOAX Category Low Category High Category Mod
Dividend Distribution Frequency SemiAnnual Annually Annually Annually

Net Income Ratio Analysis

GWOAX Category Low Category High GWOAX % Rank
Net Income Ratio 3.61% -4.27% 12.65% 35.91%

Capital Gain Distribution Analysis

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

Distributions History

View More +

GWOAX - Fund Manager Analysis

Managers

Ben Inker

Start Date

Tenure

Tenure Rank

Jun 16, 2005

16.97

17.0%

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
0.01 35.82 6.24 1.25

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