GMO Alternative Allocation Fund (GAAVX)
The fund invests directly or indirectly (through other GMO Funds) in a combination of GMO investment strategies. The fund typically has exposure to many underlying strategies, and at any given time the fund may have significant exposure to a single or a few strategies. The fund gains exposure to commodities and some other asset classes by investing through a wholly-owned subsidiary advised by GMO, which does not receive any additional management or other fees for its services. It is non-diversified.
Fund Info
| ISIN | US3620144663 |
|---|---|
| Issuer | GMO |
| Inception Date | May 1, 2019 |
| Category | Multistrategy |
| Min. Investment | $750,000,000 |
| Asset Class | Alternatives |
Asset Class Size | Large-Cap |
Expense Ratio
GAAVX has a high expense ratio of 0.61%, indicating higher-than-average management fees.
Share Price Chart
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Popular comparisons: GAAVX vs. BRK-B
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in GMO Alternative Allocation Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
GMO Alternative Allocation Fund had a return of 0.00% year-to-date (YTD) and 7.42% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 0.00% | 9.49% |
| 1 month | 0.44% | 1.20% |
| 6 months | 2.20% | 18.29% |
| 1 year | 7.42% | 26.44% |
| 5 years (annualized) | 1.49% | 12.64% |
| 10 years (annualized) | N/A | 10.67% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.49% | -0.49% | 0.38% | -0.97% | ||||||||
| 2023 | -1.15% | -0.05% | 1.99% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of GAAVX is 76, placing it in the top 24% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
GAAVX (GMO Alternative Allocation Fund)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for GMO Alternative Allocation Fund (GAAVX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
GMO Alternative Allocation Fund granted a 5.18% dividend yield in the last twelve months. The annual payout for that period amounted to $0.95 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|
| Dividend | $0.95 | $0.95 | $0.17 | $0.73 | $0.47 | $0.52 |
Dividend yield | 5.18% | 5.18% | 0.91% | 4.10% | 2.41% | 2.61% |
Monthly Dividends
The table displays the monthly dividend distributions for GMO Alternative Allocation Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||||
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.95 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.62 | $0.00 | $0.00 | $0.00 | $0.00 | $0.11 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.00 | $0.00 | $0.43 |
| 2019 | $0.52 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the GMO Alternative Allocation Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the GMO Alternative Allocation Fund was 9.59%, occurring on Nov 30, 2021. Recovery took 446 trading sessions.
The current GMO Alternative Allocation Fund drawdown is 0.75%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -9.59% | Jun 7, 2021 | 124 | Nov 30, 2021 | 446 | Sep 11, 2023 | 570 |
| -9.5% | Jan 3, 2020 | 55 | Mar 23, 2020 | 208 | Jan 19, 2021 | 263 |
| -4.05% | Jan 22, 2021 | 31 | Mar 8, 2021 | 49 | May 17, 2021 | 80 |
| -2.16% | Jan 8, 2024 | 76 | Apr 25, 2024 | — | — | — |
| -2.07% | Oct 11, 2023 | 22 | Nov 9, 2023 | 29 | Dec 21, 2023 | 51 |
Volatility
Volatility Chart
The current GMO Alternative Allocation Fund volatility is 1.28%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.