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
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in GMO Benchmark-Free Allocation 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 Allocation Fund (GBMFX) returned 4.67% year-to-date (YTD) and 5.45% over the past 12 months. Over the past 10 years, GBMFX returned 3.18% annually, underperforming the S&P 500 benchmark at 10.43%.
GBMFX
4.67%
6.36%
3.94%
5.45%
6.06%
3.18%
^GSPC (Benchmark)
-3.70%
13.67%
-5.18%
9.18%
14.14%
10.43%
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% | -0.11% | 4.67% | |||||||
| 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% | 2.39% | -0.00% | -0.76% | 0.00% | 3.34% | 1.89% | -3.14% |
| 2019 | 4.95% | 0.30% | 0.23% | 1.44% | -2.72% | 2.95% | -0.90% | -1.96% | 1.65% | 1.59% | 0.59% | 3.16% | 11.60% |
| 2018 | 3.46% | -2.18% | -0.43% | -0.51% | -0.47% | -1.35% | 1.37% | -1.13% | 0.26% | -3.62% | 0.84% | -1.63% | -5.44% |
| 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% | -1.39% | -3.56% | -2.51% | 3.16% | -0.32% | -1.29% | -4.92% |
| 2014 | -1.74% | 2.23% | 0.81% | 1.28% | 1.41% | 0.61% | -2.46% | 0.73% | -1.88% | -0.41% | 1.30% | -3.29% | -1.58% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of GBMFX is 64, 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.
Dividends
Dividend History
GMO Benchmark-Free Allocation Fund provided a 4.91% 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 | $0.78 | $0.90 | $0.90 | $0.66 | $0.40 | $0.34 | $0.52 |
Dividend yield | 4.91% | 5.14% | 5.64% | 3.20% | 2.46% | 3.09% | 3.32% | 3.59% | 2.40% | 1.60% | 1.39% | 1.99% |
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 | $0.02 | $0.00 | $0.00 | $0.00 | $0.00 | $0.77 | $0.78 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.00 | $0.00 | $0.88 | $0.90 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.00 | $0.00 | $0.87 | $0.90 |
| 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 | $0.34 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.34 |
| 2014 | $0.07 | $0.00 | $0.00 | $0.00 | $0.00 | $0.45 | $0.52 |
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 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 27.39%, occurring on Mar 9, 2009. Recovery took 420 trading sessions.
The current GMO Benchmark-Free Allocation Fund drawdown is 1.25%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -27.39% | Oct 30, 2007 | 340 | Mar 9, 2009 | 420 | Nov 4, 2010 | 760 |
| -23.4% | Jan 21, 2020 | 44 | Mar 23, 2020 | 244 | Mar 11, 2021 | 288 |
| -17.39% | Jul 7, 2014 | 405 | Feb 11, 2016 | 357 | Jul 13, 2017 | 762 |
| -14.41% | Jun 7, 2021 | 333 | Sep 29, 2022 | 207 | Jul 28, 2023 | 540 |
| -11.25% | May 10, 2006 | 46 | Jul 17, 2006 | 201 | May 4, 2007 | 247 |
Volatility
Volatility Chart
The current GMO Benchmark-Free Allocation Fund volatility is 2.68%, 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.