GMO Global Equity Allocation Fund (GMGEX)
The investment seeks total return greater than that of its benchmark, the MSCI ACWI Index. Under normal circumstances, the fund invests (including through investment in the underlying funds) at least 80% of its assets in equities. It may invest in securities of companies of any market capitalization. In addition, the fund may lend its portfolio securities. The fund also may invest in U.S. Treasury fund, in money market funds unaffiliated with GMO, and directly in the types of investments typically held by money market funds.
Fund Info
US3620071486
Nov 25, 1996
$5,000,000
Large-Cap
Value
Expense Ratio
GMGEX has an expense ratio of 0.01%, which is considered low compared to other funds.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in GMO Global Equity 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 Global Equity Allocation Fund had a return of 5.94% year-to-date (YTD) and 14.26% in the last 12 months. Over the past 10 years, GMO Global Equity Allocation Fund had an annualized return of 5.71%, while the S&P 500 had an annualized return of 11.29%, indicating that GMO Global Equity Allocation Fund did not perform as well as the benchmark.
GMGEX
5.94%
4.34%
5.44%
14.26%
7.48%
5.71%
^GSPC (Benchmark)
4.22%
2.22%
9.51%
22.46%
12.74%
11.29%
Monthly Returns
The table below presents the monthly returns of GMGEX, 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 | 3.77% | 5.94% | |||||||||||
| 2024 | -0.44% | 3.04% | 3.71% | -2.64% | 4.31% | -1.30% | 3.47% | 1.95% | 1.55% | -3.95% | 2.13% | -2.28% | 9.49% |
| 2023 | 8.07% | -2.92% | 1.55% | 1.28% | -2.26% | 6.07% | 4.37% | -3.10% | -2.32% | -3.35% | 8.15% | 5.85% | 22.27% |
| 2022 | -2.13% | -4.59% | -1.97% | -5.87% | 2.09% | -8.80% | 0.69% | -3.66% | -9.32% | 6.05% | 10.71% | -3.32% | -19.90% |
| 2021 | 0.45% | 4.18% | 4.21% | 2.53% | 3.38% | -1.39% | -0.95% | 1.49% | -3.45% | 2.63% | -3.98% | 5.43% | 14.94% |
| 2020 | -3.21% | -7.13% | -15.68% | 9.54% | 3.86% | 2.95% | 4.50% | 3.46% | -2.31% | -2.05% | 12.47% | 6.04% | 9.55% |
| 2019 | 8.61% | 1.74% | 0.77% | 2.66% | -6.04% | 6.43% | -0.69% | -3.41% | 3.69% | 3.88% | 1.72% | 4.73% | 25.83% |
| 2018 | 6.35% | -4.55% | -1.64% | -0.87% | -0.42% | -2.61% | 3.56% | -0.76% | 0.73% | -7.93% | 1.16% | -6.04% | -13.04% |
| 2017 | 2.78% | 3.12% | 2.01% | 1.76% | 2.57% | 0.70% | 2.39% | 1.20% | 1.42% | 3.27% | 0.98% | 1.47% | 26.39% |
| 2016 | -5.14% | -1.05% | 8.52% | 0.84% | 0.14% | -0.56% | 2.43% | 0.69% | 0.91% | -1.49% | -0.41% | 1.95% | 6.48% |
| 2015 | -0.84% | 6.07% | -2.52% | 4.23% | -1.01% | -2.62% | -7.72% | -7.10% | -3.68% | 6.52% | -1.20% | -3.22% | -13.36% |
| 2014 | -3.74% | 4.78% | 1.17% | 1.78% | 1.54% | 1.42% | -8.32% | 1.42% | -3.88% | -0.34% | 1.35% | -4.73% | -8.01% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of GMGEX is 67, 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 Global Equity Allocation Fund (GMGEX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
GMO Global Equity Allocation Fund provided a 5.19% dividend yield over the last twelve months, with an annual payout of $1.55 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.55 | $1.55 | $1.52 | $1.01 | $2.35 | $1.09 | $0.93 | $0.70 | $0.77 | $0.81 | $0.62 | $0.91 |
Dividend yield | 5.19% | 5.50% | 5.63% | 4.33% | 7.71% | 3.83% | 3.42% | 3.14% | 2.90% | 3.74% | 2.93% | 3.66% |
Monthly Dividends
The table displays the monthly dividend distributions for GMO Global Equity 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 | ||||||||||
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.00 | $0.00 | $1.47 | $1.55 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.24 | $0.00 | $0.00 | $0.00 | $0.00 | $1.29 | $1.52 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.00 | $0.00 | $0.98 | $1.01 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.00 | $0.00 | $2.31 | $2.35 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.00 | $0.00 | $1.05 | $1.09 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.00 | $0.00 | $0.84 | $0.93 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.00 | $0.00 | $0.64 | $0.70 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.00 | $0.00 | $0.69 | $0.77 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.00 | $0.00 | $0.65 | $0.81 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.00 | $0.00 | $0.59 | $0.62 |
| 2014 | $0.09 | $0.00 | $0.00 | $0.00 | $0.00 | $0.82 | $0.91 |
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 Global Equity 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 Global Equity Allocation Fund was 76.10%, occurring on Sep 7, 1998. Recovery took 1289 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -76.1% | Oct 9, 1997 | 238 | Sep 7, 1998 | 1289 | Oct 10, 2003 | 1527 |
| -67.72% | Aug 8, 1997 | 17 | Sep 1, 1997 | 12 | Sep 17, 1997 | 29 |
| -67.37% | Mar 17, 1997 | 10 | Mar 28, 1997 | 27 | May 6, 1997 | 37 |
| -66.73% | May 23, 1997 | 2 | May 26, 1997 | 1 | May 27, 1997 | 3 |
| -66.67% | Feb 17, 1997 | 1 | Feb 17, 1997 | 1 | Feb 18, 1997 | 2 |
Volatility
Volatility Chart
The current GMO Global Equity Allocation Fund volatility is 2.69%, 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.