GMO Quality Cyclicals Fund (GMAEX)
The fund aims to invest in high-quality companies across various economic cycles globally, including emerging markets, in pursuit of the investment objective. It can directly and indirectly invest in equities and operates as a non-diversified fund.
Fund Info
May 11, 2020
$750,000,000
Large-Cap
Blend
Expense Ratio
GMAEX has an expense ratio of 0.40%, placing it in the medium range.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
GMO Quality Cyclicals Fund (GMAEX) returned 0.18% year-to-date (YTD) and -0.67% over the past 12 months.
GMAEX
0.18%
0.00%
-4.32%
-0.67%
5.51%
N/A
N/A
^GSPC (Benchmark)
0.52%
6.32%
-1.44%
12.25%
12.45%
14.20%
10.84%
Monthly Returns
The table below presents the monthly returns of GMAEX, 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 | 4.91% | -0.39% | -5.02% | 0.95% | 0.00% | 0.18% | |||||||
| 2024 | -1.38% | 2.88% | 5.73% | -4.26% | 3.68% | -2.54% | 1.84% | 1.09% | 2.04% | -2.04% | 2.71% | -4.84% | 4.39% |
| 2023 | 12.77% | -3.04% | 1.23% | 2.52% | -4.51% | 6.28% | 3.92% | -4.05% | -4.67% | -4.66% | 8.83% | 7.43% | 22.02% |
| 2022 | 0.27% | -1.15% | 0.27% | -7.12% | 2.33% | -11.97% | 5.40% | -3.19% | -9.69% | 8.44% | 10.42% | -4.74% | -12.59% |
| 2021 | -5.19% | 9.66% | 4.58% | 3.78% | 3.96% | -1.28% | -5.79% | -2.31% | -1.02% | 4.74% | -7.41% | 7.03% | 9.50% |
| 2020 | 2.21% | 7.01% | -3.70% | -1.44% | 23.37% | 5.95% | 35.70% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of GMAEX is 6, meaning it’s performing worse than 94% of other mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for GMO Quality Cyclicals Fund (GMAEX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
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Dividends
Dividend History
GMO Quality Cyclicals Fund provided a 102.58% dividend yield over the last twelve months, with an annual payout of $11.95 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Dividend | $11.95 | $1.77 | $2.08 | $2.59 | $6.18 | $1.55 |
Dividend yield | 102.58% | 8.09% | 9.22% | 12.87% | 23.75% | 5.54% |
Monthly Dividends
The table displays the monthly dividend distributions for GMO Quality Cyclicals 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 | $5.09 | $5.10 | $0.00 | $10.19 | |||||||
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.00 | $0.00 | $1.71 | $1.77 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.21 | $0.00 | $0.00 | $0.00 | $0.00 | $0.87 | $2.08 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.77 | $0.00 | $0.00 | $0.00 | $0.00 | $1.82 | $2.59 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.17 | $0.00 | $0.00 | $0.00 | $0.00 | $3.01 | $6.18 |
| 2020 | $1.55 | $1.55 |
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 Quality Cyclicals 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 Quality Cyclicals Fund was 30.22%, occurring on Sep 26, 2022. Recovery took 353 trading sessions.
The current GMO Quality Cyclicals Fund drawdown is 10.49%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -30.22% | Jun 3, 2021 | 332 | Sep 26, 2022 | 353 | Feb 22, 2024 | 685 |
| -12.26% | Dec 16, 2024 | 73 | Apr 2, 2025 | — | — | — |
| -9.2% | Oct 26, 2020 | 3 | Oct 28, 2020 | 8 | Nov 9, 2020 | 11 |
| -9.19% | Jul 17, 2024 | 16 | Aug 7, 2024 | 35 | Sep 26, 2024 | 51 |
| -9.15% | Jan 13, 2021 | 12 | Jan 29, 2021 | 14 | Feb 19, 2021 | 26 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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