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
US36256V8744
Jul 2, 2019
$750,000,000
Small-Cap
Value
Expense Ratio
GCAVX features an expense ratio of 0.42%, falling within 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 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 1.34% year-to-date (YTD) and 14.64% in the last 12 months.
GCAVX
1.34%
-1.08%
3.38%
14.64%
2.50%
N/A
^GSPC (Benchmark)
4.46%
2.46%
9.31%
23.49%
13.03%
11.31%
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 3.26% | 1.34% | |||||||||||
| 2024 | -2.94% | 3.19% | 5.03% | -6.18% | 5.95% | -2.56% | 11.95% | -1.52% | -0.37% | -1.64% | 9.44% | -7.72% | 11.16% |
| 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% | -11.21% | 2.04% | -4.21% | -11.42% | 12.96% | 5.06% | -5.70% | -20.78% |
| 2021 | 3.41% | 11.36% | 7.60% | 1.79% | 3.54% | -1.91% | -8.29% | 2.00% | -1.66% | 3.25% | -0.57% | -20.58% | -3.91% |
| 2020 | -5.25% | -11.51% | -26.14% | 15.22% | 4.10% | 2.56% | 3.45% | 5.79% | -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 29, 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 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 provided a 1.66% dividend yield over the last twelve months, with an annual payout of $0.35 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|
| Dividend | $0.35 | $0.35 | $0.35 | $0.45 | $0.39 | $0.33 | $0.18 |
Dividend yield | 1.66% | 1.68% | 1.85% | 2.84% | 1.88% | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.00 | $0.00 | ||||||||||
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.35 | $0.35 |
| 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 | $0.04 | $0.00 | $0.00 | $0.00 | $0.00 | $0.41 | $0.45 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.00 | $0.00 | $0.33 | $0.39 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.04 | $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. Drawdowns are calculated considering price movements and all distributions paid, if any.
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 49.38%, occurring on Sep 26, 2022. The portfolio has not yet recovered.
The current GMO U.S. Small Cap Value Fund drawdown is 21.46%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -49.38% | Jun 9, 2021 | 328 | Sep 26, 2022 | — | — | — |
| -48.22% | Jan 17, 2020 | 42 | Mar 18, 2020 | 182 | Dec 4, 2020 | 224 |
| -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 |
| -6.02% | Sep 17, 2019 | 16 | Oct 8, 2019 | 13 | Oct 25, 2019 | 29 |
Volatility
Volatility Chart
The current GMO U.S. Small Cap Value Fund volatility is 4.02%, 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.