GMO SGM Major Markets Fund (GSMFX)
The investment seeks long-term total return. The fund typically takes long and short positions in a range of global equity, bond, currency, and commodity markets using exchange-traded and over-the-counter (OTC) futures, forward currency contracts, swaps, and index options. It seeks to take advantage of its proprietary investment models for systematic global tactical asset allocation and market selection. It is non-diversified.
Fund Info
ISIN | US3620146569 |
---|---|
Issuer | GMO |
Inception Date | Oct 2, 2011 |
Category | Macro Trading |
Min. Investment | $5,000,000 |
Asset Class | Multi-Asset |
Asset Class Size | Large-Cap |
Asset Class Style | Blend |
Expense Ratio
GSMFX has a high expense ratio of 1.01%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in GMO SGM Major Markets 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
Period | Return | Benchmark |
---|---|---|
Year-To-Date | N/A | 10.00% |
1 month | N/A | 2.41% |
6 months | N/A | 16.70% |
1 year | N/A | 26.85% |
5 years (annualized) | N/A | 12.81% |
10 years (annualized) | N/A | 10.84% |
Monthly Returns
The table below presents the monthly returns of GSMFX, 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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2023 | 1.14% | 0.39% | -1.79% | 0.14% | -1.64% | 2.39% | -1.59% | 1.99% | 2.76% | 3.85% | |||
2022 | 3.39% | -2.11% | -2.25% | 0.31% | 0.91% | -2.17% | -0.93% | -0.15% | -0.65% | -0.69% | 5.35% | 2.83% | 3.58% |
2021 | -0.82% | -1.81% | -1.97% | -0.83% | 2.25% | -0.63% | -0.16% | 0.17% | -1.68% | -0.07% | -1.64% | 2.33% | -4.85% |
2020 | -2.36% | 1.86% | 3.30% | -1.18% | 0.41% | 0.72% | 2.84% | 0.51% | -2.14% | -0.34% | 2.00% | 1.77% | 7.47% |
2019 | 1.92% | 1.04% | 0.59% | 2.19% | -2.39% | -0.40% | -0.57% | -1.61% | 1.28% | -1.23% | 0.45% | 0.76% | 1.94% |
2018 | 1.03% | -1.58% | 0.50% | 2.03% | -0.92% | 0.46% | -0.09% | -1.23% | 0.56% | -1.83% | -1.04% | 0.02% | -2.13% |
2017 | 1.03% | 0.83% | 1.19% | -0.79% | 1.77% | -1.23% | 0.60% | 0.15% | 0.21% | 1.21% | -1.32% | 0.21% | 3.89% |
2016 | -0.18% | 1.03% | -0.30% | 0.69% | -2.67% | 7.54% | 1.89% | -0.31% | 0.91% | -0.76% | -4.40% | 1.00% | 4.08% |
2015 | 0.21% | 0.21% |
Risk-Adjusted Performance
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for GMO SGM Major Markets Fund (GSMFX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
GMO SGM Major Markets Fund granted a 119.51% dividend yield in the last twelve months. The annual payout for that period amounted to $29.00 per share.
Period | TTM | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
---|---|---|---|---|---|---|---|---|
Dividend | $29.00 | $1.75 | $2.40 | $0.78 | $0.48 | $0.12 | $1.28 | $2.23 |
Dividend yield | 119.51% | 6.24% | 8.28% | 2.37% | 1.54% | 0.37% | 4.01% | 6.94% |
Monthly Dividends
The table displays the monthly dividend distributions for GMO SGM Major Markets 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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $4.73 | $0.00 | $0.00 | $24.27 | $29.00 | ||
2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.70 | $0.00 | $0.00 | $0.00 | $0.00 | $0.05 | $1.75 |
2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.88 | $0.00 | $0.00 | $0.00 | $0.00 | $0.52 | $2.40 |
2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.00 | $0.00 | $0.75 | $0.78 |
2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.23 | $0.00 | $0.00 | $0.00 | $0.00 | $0.25 | $0.48 |
2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.12 | $0.12 |
2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.27 | $0.00 | $0.00 | $0.00 | $0.00 | $1.02 | $1.28 |
2016 | $0.32 | $0.00 | $0.00 | $0.00 | $0.00 | $1.90 | $2.23 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the GMO SGM Major Markets 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 SGM Major Markets Fund was 18.56%, occurring on Jul 17, 2023. The portfolio has not yet recovered.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
---|---|---|---|---|---|---|
-18.56% | Jul 6, 2023 | 8 | Jul 17, 2023 | — | — | — |
-10.02% | Jan 6, 2021 | 458 | Oct 28, 2022 | 83 | Mar 1, 2023 | 541 |
-7% | Apr 24, 2019 | 79 | Aug 14, 2019 | 236 | Jul 22, 2020 | 315 |
-6.35% | Aug 16, 2016 | 76 | Dec 1, 2016 | 277 | Jan 9, 2018 | 353 |
-5.65% | May 18, 2018 | 142 | Dec 10, 2018 | 80 | Apr 5, 2019 | 222 |
Volatility
Volatility Chart
The current GMO SGM Major Markets Fund volatility is 0.25%, 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.