GMO U.S. Small Cap Value Fund (GCAVX)
GMO seeks to achieve the fund's investment objective by investing primarily in equities of U.S. companies that are included in the S&P SmallCap 600 Index or whose market capitalization at the time of investment is less than that of the 1000 largest publicly held companies. As an alternative to investing directly in equities, it may invest in exchange-traded and OTC derivatives and ETFs. Under normal circumstances, the fund invests directly and indirectly at least 80% of its assets in equities tied economically to the United States.
Fund Info
ISIN | US36256V8744 |
---|---|
Issuer | GMO |
Inception Date | Jul 2, 2019 |
Category | Small Cap Value Equities |
Min. Investment | $750,000,000 |
Asset Class | Equity |
Asset Class Size | Small-Cap |
Asset Class Style | Value |
Expense Ratio
GCAVX has a high expense ratio of 0.42%, 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 U.S. Small Cap Value 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 U.S. Small Cap Value Fund had a return of 4.67% year-to-date (YTD) and 26.30% in the last 12 months.
Period | Return | Benchmark |
---|---|---|
Year-To-Date | 4.67% | 11.18% |
1 month | 8.19% | 5.60% |
6 months | 17.30% | 17.48% |
1 year | 26.30% | 26.33% |
5 years (annualized) | N/A | 13.16% |
10 years (annualized) | N/A | 10.99% |
Monthly Returns
The table below presents the monthly returns of GCAVX, 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 | -2.94% | 3.19% | 5.03% | -6.18% | 4.67% | ||||||||
2023 | 10.61% | -1.83% | -4.19% | -3.03% | -2.57% | 10.79% | 5.91% | -3.68% | -3.08% | -5.41% | 7.96% | 11.62% | 22.72% |
2022 | -4.33% | 0.41% | -1.77% | -5.47% | 3.22% | -11.20% | 10.49% | -4.21% | -11.42% | 12.96% | 5.06% | -5.70% | -14.22% |
2021 | 3.41% | 11.36% | 7.60% | 1.79% | 3.54% | -1.91% | -2.39% | 2.00% | -1.66% | 3.25% | -0.57% | 5.34% | 35.66% |
2020 | -5.25% | -11.51% | -26.13% | 15.22% | 4.10% | 2.56% | 3.45% | 5.78% | -3.63% | 1.91% | 16.93% | 6.93% | 2.38% |
2019 | 0.94% | -5.94% | 4.80% | 2.89% | 2.76% | 2.36% | 7.69% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of GCAVX is 55, 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.
GCAVX (GMO U.S. Small Cap Value Fund)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for GMO U.S. Small Cap Value Fund (GCAVX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
GMO U.S. Small Cap Value Fund granted a 1.76% dividend yield in the last twelve months. The annual payout for that period amounted to $0.35 per share.
Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 |
---|---|---|---|---|---|---|
Dividend | $0.35 | $0.35 | $1.73 | $8.46 | $0.33 | $0.18 |
Dividend yield | 1.76% | 1.85% | 10.92% | 41.19% | 1.54% | 0.83% |
Monthly Dividends
The table displays the monthly dividend distributions for GMO U.S. Small Cap Value 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 | $0.06 | $0.00 | $0.00 | $0.00 | $0.00 | $0.30 | $0.35 |
2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.32 | $0.00 | $0.00 | $0.00 | $0.00 | $0.41 | $1.73 |
2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.70 | $0.00 | $0.00 | $0.00 | $0.00 | $6.77 | $8.46 |
2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.00 | $0.00 | $0.30 | $0.33 |
2019 | $0.18 | $0.18 |
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 U.S. Small Cap Value 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 U.S. Small Cap Value Fund was 48.22%, occurring on Mar 18, 2020. Recovery took 182 trading sessions.
The current GMO U.S. Small Cap Value Fund drawdown is 0.50%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
---|---|---|---|---|---|---|
-48.22% | Jan 17, 2020 | 42 | Mar 18, 2020 | 182 | Dec 4, 2020 | 224 |
-25.66% | Nov 15, 2021 | 217 | Sep 26, 2022 | 307 | Dec 14, 2023 | 524 |
-11.93% | Jun 9, 2021 | 28 | Jul 19, 2021 | 76 | Nov 3, 2021 | 104 |
-9.07% | Jul 31, 2019 | 20 | Aug 27, 2019 | 12 | Sep 13, 2019 | 32 |
-8.54% | Mar 15, 2021 | 8 | Mar 24, 2021 | 31 | May 7, 2021 | 39 |
Volatility
Volatility Chart
The current GMO U.S. Small Cap Value Fund volatility is 3.99%, 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.