GMO Benchmark-Free Allocation Fund (GBMFX)
The investment seeks positive total return. The fund is structured as a fund of funds and gains its investment exposures primarily by investing in Implementation Fund. It seeks annualized returns of 5% (net of fees) above the Consumer Price Index and annualized volatility (standard deviation) of 5-10%, each over a complete market cycle.
Fund Info
US3620083101
Jul 22, 2003
$5,000,000
Large-Cap
Value
Expense Ratio
GBMFX has an expense ratio of 0.74%, placing it in the medium range.
Share Price Chart
Loading data...
Compare to other instruments
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
Performance Chart
Loading data...
Returns By Period
GMO Benchmark-Free Allocation Fund (GBMFX) returned 6.38% year-to-date (YTD) and 6.46% over the past 12 months. Over the past 10 years, GBMFX returned 3.57% annually, underperforming the S&P 500 benchmark at 10.85%.
GBMFX
6.38%
1.52%
7.18%
6.46%
7.37%
6.69%
3.57%
^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 GBMFX, 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 | 1.40% | 1.73% | 1.51% | 0.07% | 1.52% | 6.38% | |||||||
| 2024 | -0.23% | 0.58% | 2.69% | -1.16% | 3.07% | -1.43% | 2.65% | 0.58% | 0.40% | -3.39% | -0.11% | 0.75% | 4.28% |
| 2023 | 4.39% | -1.35% | -0.36% | 1.41% | -2.94% | 3.89% | 3.30% | -1.53% | 0.08% | -2.37% | 4.10% | 4.52% | 13.46% |
| 2022 | 2.70% | -2.40% | -2.23% | -0.44% | 1.89% | -5.16% | 0.96% | -0.78% | -4.07% | 1.90% | 6.49% | -0.57% | -2.24% |
| 2021 | 0.75% | 1.49% | 2.70% | 0.15% | 2.55% | -2.08% | -1.90% | 0.30% | -0.42% | -1.48% | -2.05% | 3.13% | 2.97% |
| 2020 | -2.48% | -3.15% | -11.12% | 6.92% | -0.45% | 1.32% | 3.07% | -0.00% | -0.76% | 0.00% | 3.34% | 1.89% | -2.50% |
| 2019 | 4.95% | 0.30% | 0.23% | 1.44% | -2.72% | 2.95% | -0.88% | -1.96% | 1.65% | 1.59% | 0.59% | 3.16% | 11.62% |
| 2018 | 3.46% | -2.18% | -0.43% | -0.51% | -0.47% | -1.35% | 1.37% | -1.13% | 0.26% | -3.62% | 0.84% | -1.55% | -5.36% |
| 2017 | 2.13% | 1.58% | 0.93% | 0.96% | 1.29% | 0.49% | 1.54% | 0.81% | -0.11% | 1.54% | -0.14% | 1.34% | 13.05% |
| 2016 | -3.52% | -0.42% | 4.26% | 0.98% | -0.61% | 0.49% | 2.21% | 0.52% | 0.79% | -0.67% | -1.50% | 1.02% | 3.40% |
| 2015 | 0.96% | 2.97% | -2.44% | 1.78% | -0.41% | -1.72% | -0.72% | -3.56% | -2.51% | 3.16% | -0.32% | -1.29% | -4.27% |
| 2014 | -1.74% | 2.23% | 0.81% | 1.28% | 1.41% | 0.61% | -1.34% | 0.73% | -1.88% | -0.41% | 1.30% | -1.68% | 1.20% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of GBMFX is 55, indicating average performance compared to other mutual funds on our website. Here’s a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for GMO Benchmark-Free Allocation Fund (GBMFX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Loading data...
Dividends
Dividend History
GMO Benchmark-Free Allocation Fund provided a 4.83% dividend yield over the last twelve months, with an annual payout of $1.32 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.32 | $1.32 | $1.46 | $0.77 | $0.63 | $0.95 | $0.91 | $0.92 | $0.66 | $0.40 | $0.51 | $1.27 |
Dividend yield | 4.83% | 5.14% | 5.64% | 3.20% | 2.46% | 3.73% | 3.35% | 3.67% | 2.40% | 1.60% | 2.10% | 4.89% |
Monthly Dividends
The table displays the monthly dividend distributions for GMO Benchmark-Free Allocation 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 | $0.05 | $0.00 | $0.00 | $0.00 | $0.00 | $1.27 | $1.32 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.00 | $0.00 | $1.39 | $1.46 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.77 | $0.77 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.63 | $0.63 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.00 | $0.00 | $0.77 | $0.95 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.00 | $0.00 | $0.88 | $0.91 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.00 | $0.00 | $0.89 | $0.92 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.00 | $0.00 | $0.62 | $0.66 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.39 | $0.40 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.51 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.51 |
| 2014 | $0.39 | $0.00 | $0.00 | $0.00 | $0.00 | $0.89 | $1.27 |
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.
Loading data...
Worst Drawdowns
The table below displays the maximum drawdowns of the GMO Benchmark-Free Allocation 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 Allocation Fund was 23.40%, occurring on Mar 23, 2020. Recovery took 238 trading sessions.
The current GMO Benchmark-Free Allocation Fund drawdown is 0.22%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -23.4% | Jan 21, 2020 | 44 | Mar 23, 2020 | 238 | Mar 3, 2021 | 282 |
| -19.78% | Oct 30, 2007 | 340 | Mar 9, 2009 | 129 | Sep 10, 2009 | 469 |
| -14.74% | May 26, 2015 | 182 | Feb 11, 2016 | 301 | Apr 24, 2017 | 483 |
| -14.41% | Jun 7, 2021 | 333 | Sep 29, 2022 | 207 | Jul 28, 2023 | 540 |
| -10.48% | Jan 29, 2018 | 229 | Dec 24, 2018 | 246 | Dec 16, 2019 | 475 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading data...