- ISIN
- US3620145082
- Issuer
- GMO
- Inception Date
- Feb 29, 2012
- Category
- Global Allocation
- Min. Investment
- $5,000,000
- Distribution Policy
- Distributing
- Asset Class
- Multi-Asset
- Asset Class Size
- Large-Cap
- Asset Class Style
- Value
Share Price Chart
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Performance
GIMFX Performance Chart
GMO Implementation Fund (GIMFX) is up 12.4% since the beginning of the year. GIMFX is currently trading at $17 per share. Investors who bought $1,000 worth of GIMFX shares 5 years ago would now be looking at an investment worth $1,601.
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Returns By Period
GMO Implementation Fund (GIMFX) has returned 12.40% so far this year and 30.01% over the past 12 months. Over the last ten years, GIMFX has returned 7.15% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
GMO Implementation Fund
- 1D
- 0.12%
- 1M
- 0.47%
- YTD
- 12.40%
- 6M
- 13.14%
- 1Y
- 30.01%
- 3Y*
- 16.20%
- 5Y*
- 9.87%
- 10Y*
- 7.15%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
GIMFX Monthly Returns History
Based on dividend-adjusted daily data since Jan 2, 2013, GIMFX's average daily return is +0.03%, while the average monthly return is +0.53%. At this rate, an investment would double in approximately 10.9 years.
Historically, 60% of months were positive and 40% were negative. The best month was Apr 2020 with a return of +7.2%, while the worst month was Mar 2020 at -12.2%. The longest winning streak lasted 15 consecutive months, and the longest losing streak was 5 months.
On a daily basis, GIMFX closed higher 51% of trading days. The best single day was Mar 24, 2020 with a return of +5.4%, while the worst single day was Mar 16, 2020 at -7.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 4.83% | 5.79% | -4.18% | 2.76% | 3.89% | -0.92% | 12.40% | ||||||
| 2025 | 1.49% | 1.85% | 1.59% | 0.60% | 1.78% | 2.84% | 0.57% | 4.48% | 1.43% | 1.34% | 2.71% | 2.20% | 25.37% |
| 2024 | -0.23% | 0.62% | 2.87% | -1.13% | 3.28% | -1.48% | 0.52% | 0.60% | 0.37% | -3.47% | -0.08% | 0.94% | 2.67% |
| 2023 | 4.80% | -1.37% | -0.41% | 1.64% | -3.22% | 4.24% | 3.66% | -1.71% | 0.32% | -2.52% | 4.20% | 4.71% | 14.75% |
| 2022 | 3.05% | -2.33% | -2.31% | -0.24% | 2.13% | -5.28% | 0.85% | -0.68% | -4.16% | 2.13% | 6.94% | -0.72% | -1.24% |
| 2021 | 0.81% | 1.76% | 3.15% | 0.15% | 2.74% | -2.23% | -2.05% | 0.39% | -0.31% | -1.55% | -2.04% | 3.39% | 4.05% |
Benchmark Metrics
GMO Implementation Fund has an annualized alpha of 1.48%, beta of 0.36, and R2 of 0.46 versus S&P 500 Index. Calculated based on daily prices since January 02, 2013.
- This fund participated in 45.63% of S&P 500 Index downside but only 39.56% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.36 may look defensive, but with R2 of 0.46 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
- R2 of 0.46 means the benchmark explains less than half of this fund's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- 1.48%
- Beta
- 0.36
- R²
- 0.46
- Upside Capture
- 39.56%
- Downside Capture
- 45.63%
Expense Ratio
GIMFX has an expense ratio of 0.02%, which is considered low.
Return for Risk
Risk / Return Rank
GIMFX ranks 94 for risk / return — in the top 94% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for GMO Implementation Fund (GIMFX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| GIMFX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.58 | ||
| Sortino ratioReturn per unit of downside risk | +2.33 | ||
| Omega ratioGain probability vs. loss probability | 1.72 | 1.37 | +0.35 |
| Calmar ratioReturn relative to maximum drawdown | 4.54 | 2.78 | +1.76 |
| Martin ratioReturn relative to average drawdown | 17.34 | 12.44 | +4.90 |
Dividends
Dividend History
GMO Implementation Fund provided a 3.80% dividend yield over the last twelve months, with an annual payout of $0.66 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.66 | $0.66 | $0.43 | $0.76 | $0.43 | $0.41 | $0.28 | $0.54 | $0.58 | $0.41 | $0.25 |
Dividend yield | 3.80% | 4.28% | 3.39% | 5.93% | 3.59% | 3.28% | 2.25% | 3.99% | 4.59% | 2.95% | 1.98% |
Monthly Dividends
The table displays the monthly dividend distributions for GMO Implementation 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.00 | $0.00 | $0.54 | $0.66 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.43 | $0.43 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.00 | $0.00 | $0.66 | $0.76 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.00 | $0.00 | $0.35 | $0.43 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.41 | $0.41 |
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.
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Worst Drawdowns
The table below displays the maximum drawdowns of the GMO Implementation 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 Implementation Fund was 25.87%, occurring on Mar 23, 2020. Recovery took 300 trading sessions.
The current GMO Implementation Fund drawdown is 1.54%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -25.87%Mar 2020 | 2mo 2d | 1y 2mo | 1y 4moJan 2020 - Jun 2021 |
2016 correction2016 | -16.58%Feb 2016 | 11mo 15d | 1y 2mo | 2y 2moMar 2015 - May 2017 |
Bear market2022 | -14.02%Sep 2022 | 1y 3mo | 9mo 16d | 2y 1moJun 2021 - Jul 2023 |
Rate-hike selloffLate 2018 | -11.13%Dec 2018 | 10mo 29d | 11mo 24d | 1y 10moJan 2018 - Dec 2019 |
2013 pullback2013 | -8.49%Jun 2013 | 1mo 3d | 2mo 26d | 3mo 29dMay 2013 - Sep 2013 |
Drawdown Indicators
| GIMFX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.87% | -56.78% | +30.91% |
Max Drawdown (1Y)Largest decline over 1 year | -6.53% | -9.10% | +2.57% |
Max Drawdown (3Y)Largest decline over 3 years | -8.02% | -18.90% | +10.88% |
Max Drawdown (5Y)Largest decline over 5 years | -13.20% | -25.43% | +12.23% |
Max Drawdown (10Y)Largest decline over 10 years | -25.87% | -33.92% | +8.05% |
Current DrawdownCurrent decline from peak | -1.54% | -1.80% | +0.26% |
Average DrawdownAverage peak-to-trough decline | -4.28% | -10.71% | +6.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.71% | 2.03% | -0.32% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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