GMO Asset Allocation Bond Fund (GABFX)

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GMO Asset Allocation Bond Fund (GABFX) is down 4.2% since the beginning of the year. GABFX is currently trading at $18 per share. Investors who bought $1,000 worth of GABFX shares 5 years ago would now be looking at an investment worth $839.

GMO Asset Allocation Bond Fund (GABFX) has returned -4.23% so far this year and 0.34% over the past 12 months. Over the last ten years, GABFX has returned 0.47% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.

Based on dividend-adjusted daily data since Mar 18, 2009, GABFX's average daily return is +0.01%, while the average monthly return is +0.12%. At this rate, an investment would double in approximately 48.2 years.

Historically, 61% of months were positive and 39% were negative. The best month was Nov 2023 with a return of +10.4%, while the worst month was Apr 2024 at -9.1%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 6 months.

On a daily basis, GABFX closed higher 46% of trading days. The best single day was Dec 18, 2024 with a return of +4.1%, while the worst single day was Dec 19, 2024 at -7.1%.

GMO Asset Allocation Bond Fund has an annualized alpha of 1.62%, beta of -0.01, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since March 18, 2009.

• This fund participated in 22.25% of S&P 500 Index downside but only 11.57% of its upside - more exposed to losses than it benefited from rallies.
• Beta of -0.01 may look defensive, but with R2 of 0.00 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R2 of 0.00 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

GABFX has an expense ratio of 0.32%, placing it in the medium range.

GABFX ranks 3 for risk / return — in the bottom 3% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.

GMO Asset Allocation Bond Fund provided a 2.81% dividend yield over the last twelve months, with an annual payout of $0.50 per share.

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.

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.

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 18.03%.

The chart below shows the rolling one-month volatility.