GMO Opportunistic Income Fund (GMODX)
The investment seeks capital appreciation and current income. The fund invests primarily in securitized credit securities. It also may invest in other fixed-income instruments, including, without limitation, bonds and other similar instruments issued or guaranteed by the U.S. government and its agencies and instrumentalities, by non-U.S. governments and their agencies and instrumentalities and by private sector entities. The fund's allocation of its assets into various asset classes within the fixed income market will depend on the views of GMO as to the best value relative to what is currently available in the market.
Fund Info
US3620131124
Oct 2, 2011
$300,000,000
Expense Ratio
GMODX features an expense ratio of 0.47%, 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 Opportunistic Income 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 Opportunistic Income Fund had a return of 0.85% year-to-date (YTD) and 6.41% in the last 12 months. Over the past 10 years, GMO Opportunistic Income Fund had an annualized return of 3.69%, while the S&P 500 had an annualized return of 11.31%, indicating that GMO Opportunistic Income Fund did not perform as well as the benchmark.
GMODX
0.85%
0.60%
1.92%
6.41%
2.98%
3.69%
^GSPC (Benchmark)
4.46%
2.46%
9.31%
23.49%
13.03%
11.31%
Monthly Returns
The table below presents the monthly returns of GMODX, 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 | 0.55% | 0.85% | |||||||||||
| 2024 | 0.86% | -0.13% | 0.64% | -0.40% | 0.99% | 0.88% | 1.15% | 0.96% | 0.80% | -0.48% | 0.62% | 0.06% | 6.12% |
| 2023 | 1.43% | -0.21% | 0.58% | 1.07% | 0.33% | -0.12% | 0.53% | 0.45% | -0.12% | -0.04% | 1.43% | 1.55% | 7.07% |
| 2022 | 0.08% | -0.39% | -0.74% | -0.39% | -0.32% | -0.36% | -0.93% | -0.37% | -1.30% | -0.74% | 1.20% | 0.70% | -3.53% |
| 2021 | 0.90% | 0.58% | -0.04% | 0.19% | 0.23% | 0.23% | 0.31% | 0.12% | 0.12% | -0.00% | 0.23% | -0.08% | 2.83% |
| 2020 | 0.97% | 0.89% | -5.81% | 1.42% | 1.64% | 1.42% | 0.69% | 0.94% | 0.93% | 0.04% | 0.08% | 0.31% | 3.34% |
| 2019 | 0.08% | 0.23% | 0.69% | 0.27% | 0.94% | 0.19% | 0.47% | 0.49% | 0.26% | 0.26% | 0.04% | -0.14% | 3.84% |
| 2018 | 0.19% | 0.53% | 0.38% | 0.04% | 0.53% | 0.38% | 0.29% | 0.38% | 0.00% | 0.45% | 0.22% | 0.56% | 4.01% |
| 2017 | 1.07% | 0.82% | 0.74% | 0.31% | 0.50% | 0.65% | 0.45% | 0.61% | 0.08% | 0.57% | 0.30% | 0.16% | 6.41% |
| 2016 | -0.00% | -0.45% | 0.41% | 0.81% | 0.64% | 0.12% | 0.91% | 0.72% | 0.99% | 0.39% | 0.47% | 0.02% | 5.14% |
| 2015 | 0.04% | 0.40% | 0.20% | 0.28% | 0.16% | 0.16% | 0.00% | -0.08% | -0.00% | -0.12% | 0.32% | 0.29% | 1.67% |
| 2014 | 0.29% | 0.58% | 0.57% | 0.57% | 0.57% | 0.40% | 0.28% | 0.20% | -0.12% | 0.16% | 0.25% | 3.82% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 96, GMODX is among the top 4% of 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 Opportunistic Income Fund (GMODX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
GMO Opportunistic Income Fund provided a 5.29% dividend yield over the last twelve months, with an annual payout of $1.28 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.28 | $1.28 | $1.48 | $0.93 | $0.54 | $1.06 | $1.46 | $1.14 | $0.70 | $0.64 | $0.42 | $0.38 |
Dividend yield | 5.29% | 5.29% | 6.17% | 3.90% | 2.10% | 4.15% | 5.69% | 4.35% | 2.66% | 2.55% | 1.71% | 1.54% |
Monthly Dividends
The table displays the monthly dividend distributions for GMO Opportunistic Income 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 | $0.09 | $0.00 | $0.09 | ||||||||||
| 2024 | $0.09 | $0.08 | $0.08 | $0.08 | $0.11 | $0.12 | $0.14 | $0.13 | $0.12 | $0.12 | $0.11 | $0.10 | $1.28 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.27 | $0.00 | $0.00 | $0.00 | $0.00 | $1.21 | $1.48 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.19 | $0.00 | $0.00 | $0.00 | $0.00 | $0.74 | $0.93 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.00 | $0.00 | $0.43 | $0.54 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.28 | $0.00 | $0.00 | $0.00 | $0.00 | $0.78 | $1.06 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.28 | $0.00 | $0.00 | $0.00 | $0.00 | $1.18 | $1.46 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.23 | $0.00 | $0.00 | $0.00 | $0.00 | $0.91 | $1.14 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.00 | $0.00 | $0.56 | $0.70 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.00 | $0.00 | $0.51 | $0.64 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.00 | $0.00 | $0.27 | $0.42 |
| 2014 | $0.38 | $0.38 |
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 Opportunistic Income 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 Opportunistic Income Fund was 85.71%, occurring on May 15, 2014. Recovery took 7 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -85.71% | May 15, 2014 | 1 | May 15, 2014 | 7 | May 27, 2014 | 8 |
| -8.79% | Feb 28, 2020 | 19 | Mar 25, 2020 | 109 | Aug 28, 2020 | 128 |
| -5.83% | Jan 25, 2022 | 199 | Nov 7, 2022 | 187 | Aug 8, 2023 | 386 |
| -0.77% | Jan 20, 2016 | 37 | Mar 11, 2016 | 26 | Apr 19, 2016 | 63 |
| -0.72% | Oct 2, 2024 | 26 | Nov 6, 2024 | 16 | Nov 29, 2024 | 42 |
Volatility
Volatility Chart
The current GMO Opportunistic Income Fund volatility is 0.42%, 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.