GMO Benchmark-Free Fund (GBFFX)
The fund invests a significant portion of its assets in shares of other series of GMO Trust (each, a âGMO fundâ). GMO implements the fund's strategy by allocating its assets among asset classes (e.g., non-U.S. equity, U.S. equity, emerging country equity, emerging country debt, non-U.S. fixed income, U.S. fixed income and commodities).
Fund Info
| ISIN | US3620131611 |
|---|---|
| Issuer | GMO |
| Inception Date | Jun 14, 2011 |
| Category | Global Allocation |
| Min. Investment | $5,000,000 |
| Asset Class | Multi-Asset |
Asset Class Size | Large-Cap |
Asset Class Style | Value |
Expense Ratio
GBFFX features an expense ratio of 0.35%, falling within the medium range.
Share Price Chart
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Compare to other instruments
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Popular comparisons: GBFFX vs. AHTPX, GBFFX vs. MAFIX, GBFFX vs. GAA
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in GMO Benchmark-Free 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 Benchmark-Free Fund had a return of 4.90% year-to-date (YTD) and 13.76% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 4.90% | 25.45% |
| 1 month | -3.39% | 2.91% |
| 6 months | -1.15% | 14.05% |
| 1 year | 13.76% | 35.64% |
| 5 years (annualized) | 4.15% | 14.13% |
| 10 years (annualized) | N/A | 11.39% |
Monthly Returns
The table below presents the monthly returns of GBFFX, 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 | -0.05% | 0.80% | 3.43% | -1.07% | 3.41% | -1.70% | 3.31% | 0.90% | 0.69% | -3.79% | 4.90% | ||
| 2023 | 4.93% | -1.71% | -0.11% | 1.74% | -2.99% | 4.16% | 3.64% | -1.86% | -0.43% | -2.67% | 5.15% | 4.98% | 15.24% |
| 2022 | 2.81% | -2.53% | -2.38% | -0.60% | 2.46% | -5.81% | 0.91% | -1.24% | -4.86% | 2.16% | 7.48% | -1.07% | -3.36% |
| 2021 | 1.11% | 2.10% | 3.03% | -0.15% | 2.74% | -2.23% | -1.76% | 0.46% | -0.61% | -1.22% | -2.11% | 3.15% | 4.38% |
| 2020 | -2.82% | -3.72% | -12.66% | 8.19% | -0.62% | 1.75% | 3.07% | -0.27% | -0.65% | -0.05% | 3.59% | 2.25% | -3.35% |
| 2019 | 5.69% | 0.31% | 0.31% | 1.63% | -3.01% | 3.46% | -0.94% | -2.18% | 1.87% | 2.04% | 0.50% | 3.65% | 13.79% |
| 2018 | 3.97% | -2.61% | -0.53% | -0.77% | -0.63% | -1.85% | 1.61% | -1.33% | 0.20% | -4.37% | 1.09% | -1.90% | -7.12% |
| 2017 | 2.53% | 1.77% | 1.27% | 1.25% | 1.70% | 0.71% | 1.96% | 1.24% | -0.24% | 1.86% | 0.05% | 1.79% | 17.06% |
| 2016 | -3.79% | -0.18% | 5.29% | 1.01% | -0.33% | 0.67% | 2.68% | 0.76% | 0.80% | -0.85% | -1.61% | 1.10% | 5.41% |
| 2015 | -24.14% | -4.27% | -1.99% | 4.22% | -0.16% | -1.35% | -26.94% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of GBFFX is 36, suggesting that the investment has average results relative to other mutual funds in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for GMO Benchmark-Free Fund (GBFFX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
GMO Benchmark-Free Fund provided a 6.54% dividend yield over the last twelve months, with an annual payout of $1.27 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.27 | $1.08 | $0.95 | $0.87 | $0.63 | $0.81 | $0.72 | $0.60 | $0.50 | $1.18 |
Dividend yield | 6.54% | 5.72% | 5.48% | 4.60% | 3.32% | 4.00% | 3.91% | 2.90% | 2.73% | 6.67% |
Monthly Dividends
The table displays the monthly dividend distributions for GMO Benchmark-Free 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 | $0.34 | $0.00 | $0.00 | $0.00 | $0.00 | $0.34 | |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.00 | $0.00 | $0.93 | $1.08 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.00 | $0.00 | $0.82 | $0.95 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.00 | $0.00 | $0.82 | $0.87 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.00 | $0.00 | $0.57 | $0.63 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.00 | $0.00 | $0.68 | $0.81 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.00 | $0.00 | $0.65 | $0.72 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.00 | $0.00 | $0.50 | $0.60 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.00 | $0.00 | $0.39 | $0.50 |
| 2015 | $0.63 | $0.00 | $0.00 | $0.00 | $0.00 | $0.55 | $1.18 |
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 Benchmark-Free 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 Benchmark-Free Fund was 32.38%, occurring on Feb 11, 2016. Recovery took 1318 trading sessions.
The current GMO Benchmark-Free Fund drawdown is 5.14%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -32.38% | Jul 9, 2015 | 151 | Feb 11, 2016 | 1318 | May 7, 2021 | 1469 |
| -15.91% | Jun 7, 2021 | 333 | Sep 29, 2022 | 205 | Jul 26, 2023 | 538 |
| -5.16% | Aug 1, 2023 | 63 | Oct 27, 2023 | 24 | Dec 1, 2023 | 87 |
| -5.14% | Sep 27, 2024 | 33 | Nov 12, 2024 | — | — | — |
| -5.05% | Aug 1, 2024 | 3 | Aug 5, 2024 | 15 | Aug 26, 2024 | 18 |
Volatility
Volatility Chart
The current GMO Benchmark-Free Fund volatility is 2.53%, 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.