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 has a high expense ratio of 0.35%, indicating higher-than-average management fees.
Share Price Chart
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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 5.69% year-to-date (YTD) and 17.77% in the last 12 months.
Period | Return | Benchmark |
---|---|---|
Year-To-Date | 5.69% | 9.47% |
1 month | 2.64% | 1.91% |
6 months | 14.62% | 18.36% |
1 year | 17.77% | 26.61% |
5 years (annualized) | 5.09% | 12.90% |
10 years (annualized) | N/A | 10.79% |
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% | 5.69% | ||||||||
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% | 1.80% | 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% | -1.98% | 4.22% | -0.16% | -1.35% | -26.94% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of GBFFX is 87, placing it in the top 13% 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.
GBFFX (GMO Benchmark-Free Fund)
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 granted a 5.41% dividend yield in the last twelve months. The annual payout for that period amounted to $1.08 per share.
Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
---|---|---|---|---|---|---|---|---|---|---|
Dividend | $1.08 | $1.08 | $0.94 | $0.87 | $0.63 | $0.81 | $0.72 | $0.60 | $0.49 | $1.18 |
Dividend yield | 5.41% | 5.72% | 5.48% | 4.60% | 3.32% | 4.00% | 3.92% | 2.90% | 2.72% | 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 | |||||||
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 | $0.94 |
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 | $0.10 | $0.00 | $0.00 | $0.00 | $0.00 | $0.39 | $0.49 |
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.
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.
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 | 23 | Nov 30, 2023 | 86 |
-3.04% | Apr 10, 2024 | 5 | Apr 16, 2024 | 14 | May 6, 2024 | 19 |
-2.39% | Jan 9, 2024 | 6 | Jan 17, 2024 | 11 | Feb 1, 2024 | 17 |
Volatility
Volatility Chart
The current GMO Benchmark-Free Fund volatility is 2.33%, 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.