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
US3620133773
Mar 17, 2009
$750,000,000
Expense Ratio
GABFX has an expense ratio of 0.32%, placing it in the medium range.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
GMO Asset Allocation Bond Fund (GABFX) returned 2.89% year-to-date (YTD) and 3.03% over the past 12 months. Over the past 10 years, GABFX returned 0.24% annually, underperforming the S&P 500 benchmark at 10.85%.
GABFX
2.89%
-4.83%
-3.84%
3.03%
-2.56%
-2.17%
0.24%
^GSPC (Benchmark)
0.51%
6.15%
-2.00%
12.92%
12.68%
14.19%
10.85%
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 0.17% | 6.46% | -0.05% | 1.44% | -4.83% | 2.89% | |||||||
| 2024 | -2.14% | -4.97% | 1.38% | -9.10% | 3.50% | 3.71% | 4.42% | 3.60% | 1.88% | -8.25% | 1.45% | -6.55% | -11.80% |
| 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% | 0.94% | 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% | 2.06% | 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% | 0.13% | 0.36% | 0.04% | -0.63% | 0.45% | 0.76% | -0.53% | 0.27% | -0.00% | 0.54% | 2.41% |
| 2016 | 0.45% | 0.32% | 0.31% | 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% | 0.04% | -0.71% | -1.78% | 1.58% | -0.04% | -1.74% | -5.84% |
| 2014 | 2.59% | 0.29% | -0.73% | 1.27% | 2.43% | -0.20% | 0.13% | 0.24% | 0.95% | 0.74% | 1.16% | -1.19% | 7.87% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of GABFX is 17, meaning it’s performing worse than 83% of other mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
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.
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Dividends
Dividend History
GMO Asset Allocation Bond Fund provided a 5.02% dividend yield over the last twelve months, with an annual payout of $0.91 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.91 | $0.91 | $1.06 | $0.15 | $0.44 | $0.29 | $1.04 | $1.10 | $0.24 | $0.00 | $1.64 | $1.10 |
Dividend yield | 5.02% | 5.16% | 5.03% | 0.72% | 1.81% | 1.21% | 4.72% | 5.13% | 1.08% | 0.00% | 7.43% | 4.39% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||||
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.00 | $0.00 | $0.74 | $0.91 |
| 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 | $1.64 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.64 |
| 2014 | $0.01 | $0.00 | $0.00 | $0.00 | $0.00 | $1.09 | $1.10 |
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.
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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 18.32%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -27.84% | Aug 4, 2021 | 557 | Oct 19, 2023 | — | — | — |
| -14.81% | 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 |
| -7.69% | Nov 12, 2010 | 62 | Feb 10, 2011 | 818 | May 15, 2014 | 880 |
| -3.11% | Feb 11, 2021 | 10 | Feb 25, 2021 | 69 | Jun 4, 2021 | 79 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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