GMO Asset Allocation Bond Fund (GABFX)
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, forward currency contract, or option).
Fund Info
| ISIN | US3620133773 |
|---|---|
| Issuer | GMO |
| Inception Date | Mar 17, 2009 |
| Category | Inflation-Protected Bonds |
| Min. Investment | $750,000,000 |
| Asset Class | Bond |
Expense Ratio
GABFX features an expense ratio of 0.32%, falling within the medium range.
Share Price Chart
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Compare to other instruments
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Popular comparisons: GABFX vs. SPY, GABFX vs. GABF, GABFX vs. XLF, GABFX vs. QQQ
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in GMO Asset Allocation Bond 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 Asset Allocation Bond Fund had a return of -7.25% year-to-date (YTD) and 6.23% in the last 12 months. Over the past 10 years, GMO Asset Allocation Bond Fund had an annualized return of 0.19%, while the S&P 500 had an annualized return of 10.92%, indicating that GMO Asset Allocation Bond Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | -7.25% | 19.77% |
| 1 month | -5.44% | -0.67% |
| 6 months | 4.05% | 10.27% |
| 1 year | 6.23% | 31.07% |
| 5 years (annualized) | -0.65% | 13.22% |
| 10 years (annualized) | 0.19% | 10.92% |
Monthly Returns
The table below presents the monthly returns of GABFX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -2.14% | -4.97% | 1.38% | -9.10% | 3.50% | 3.71% | 4.42% | 3.60% | 1.88% | -8.25% | -7.25% | ||
| 2023 | 3.43% | -3.41% | 5.50% | 0.65% | -1.57% | -2.07% | -1.28% | -0.75% | -7.01% | -4.47% | 10.37% | 10.27% | 8.33% |
| 2022 | -2.07% | -0.38% | -3.95% | -4.03% | 0.60% | -1.01% | 3.00% | -3.85% | -4.66% | -1.43% | 3.51% | -1.31% | -14.86% |
| 2021 | 0.54% | -1.93% | -0.33% | 1.93% | 0.33% | 0.95% | 1.87% | -0.40% | -1.56% | -0.57% | 1.07% | -0.47% | 1.34% |
| 2020 | 2.36% | 0.75% | -0.97% | 2.40% | 0.74% | 1.03% | 2.07% | 1.38% | -0.45% | -0.75% | 0.96% | 1.28% | 11.28% |
| 2019 | 1.64% | -0.23% | 1.80% | 0.32% | 1.63% | 1.07% | 0.29% | 1.93% | -1.19% | 0.04% | 0.00% | 0.48% | 8.00% |
| 2018 | -0.67% | -0.59% | 0.68% | -0.00% | 0.54% | 0.83% | -0.49% | 0.77% | -0.63% | -1.04% | 0.55% | 0.86% | 0.78% |
| 2017 | 0.82% | 0.18% | 0.14% | 0.36% | 0.05% | -0.63% | 0.45% | 0.76% | -0.53% | 0.27% | -0.00% | 0.53% | 2.40% |
| 2016 | 0.45% | 0.32% | 0.32% | 0.09% | -0.45% | 0.63% | 0.22% | -0.18% | 0.31% | -0.18% | -1.47% | -0.18% | -0.14% |
| 2015 | 4.42% | 0.76% | -6.82% | -2.64% | 0.42% | 0.91% | -0.02% | -0.71% | -1.78% | 1.58% | -0.04% | -1.74% | -5.89% |
| 2014 | 2.59% | 0.29% | -0.73% | 1.27% | 2.43% | -0.20% | 0.13% | 0.24% | 0.95% | 0.74% | 1.16% | 0.37% | 9.57% |
| 2013 | -0.04% | 0.04% | 0.04% | 0.00% | -0.12% | 0.04% | 0.78% | -2.07% | 2.11% | 0.41% | -1.17% | -2.00% | -2.04% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of GABFX is 3, indicating that it is in the bottom 3% 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.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for GMO Asset Allocation Bond Fund (GABFX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
GMO Asset Allocation Bond Fund provided a 4.01% dividend yield over the last twelve months, with an annual payout of $0.77 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.77 | $1.06 | $0.15 | $0.44 | $0.29 | $1.04 | $1.10 | $0.24 | $0.00 | $1.62 | $1.09 | $0.05 |
Dividend yield | 4.01% | 5.03% | 0.71% | 1.81% | 1.20% | 4.72% | 5.13% | 1.07% | 0.00% | 7.37% | 4.35% | 0.21% |
Monthly Dividends
The table displays the monthly dividend distributions for GMO Asset Allocation Bond 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 | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.00 | $0.00 | $0.17 | |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.45 | $0.00 | $0.00 | $0.00 | $0.00 | $0.60 | $1.06 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.15 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.44 | $0.44 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.00 | $0.00 | $0.24 | $0.29 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.49 | $0.00 | $0.00 | $0.00 | $0.00 | $0.55 | $1.04 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.91 | $1.10 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.24 | $0.24 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.62 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.62 |
| 2014 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.00 | $0.00 | $1.08 | $1.09 |
| 2013 | $0.05 | $0.05 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the GMO Asset Allocation Bond 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 Asset Allocation Bond Fund was 27.84%, occurring on Oct 19, 2023. The portfolio has not yet recovered.
The current GMO Asset Allocation Bond Fund drawdown is 16.53%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -27.84% | Aug 4, 2021 | 557 | Oct 19, 2023 | — | — | — |
| -14.86% | Mar 9, 2015 | 234 | Feb 9, 2016 | 1022 | Mar 3, 2020 | 1256 |
| -9.13% | Mar 9, 2020 | 9 | Mar 19, 2020 | 17 | Apr 14, 2020 | 26 |
| -4.71% | Jul 23, 2013 | 32 | Sep 5, 2013 | 36 | Oct 25, 2013 | 68 |
| -3.66% | Oct 28, 2013 | 43 | Dec 27, 2013 | 85 | May 1, 2014 | 128 |
Volatility
Volatility Chart
The current GMO Asset Allocation Bond Fund volatility is 3.67%, 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.