GMO Tax-Managed International Equities Fund (GTMIX)
The fund invests directly and indirectly (e.g., through underlying funds or derivatives) in equities of companies tied economically to countries other than the United States, including both developed and emerging countries. Under normal circumstances, it invests directly and indirectly at least 80% of its assets in equities.
Fund Info
US3620086666
Jul 28, 1998
$5,000,000
Large-Cap
Value
Expense Ratio
GTMIX features an expense ratio of 0.68%, 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 Tax-Managed International Equities 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 Tax-Managed International Equities Fund had a return of 9.24% year-to-date (YTD) and 12.52% in the last 12 months. Over the past 10 years, GMO Tax-Managed International Equities Fund had an annualized return of 2.52%, while the S&P 500 had an annualized return of 11.29%, indicating that GMO Tax-Managed International Equities Fund did not perform as well as the benchmark.
GTMIX
9.24%
7.45%
1.65%
12.52%
4.03%
2.52%
^GSPC (Benchmark)
4.22%
2.22%
9.51%
22.46%
12.74%
11.29%
Monthly Returns
The table below presents the monthly returns of GTMIX, 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 | 4.11% | 9.24% | |||||||||||
| 2024 | -1.59% | 0.99% | 4.81% | -1.33% | 5.19% | -4.23% | 4.43% | 3.31% | 1.51% | -4.58% | -0.97% | -5.78% | 0.94% |
| 2023 | 6.59% | -1.94% | 1.75% | 1.87% | -5.20% | 6.49% | 4.39% | -3.14% | -0.94% | -4.50% | 7.38% | 4.00% | 16.83% |
| 2022 | -0.68% | -2.79% | -0.49% | -5.62% | 2.75% | -9.93% | -0.15% | -3.80% | -8.07% | 6.58% | 12.61% | -0.68% | -11.65% |
| 2021 | -1.15% | 3.30% | 4.13% | 2.89% | 4.50% | -2.01% | -0.64% | 0.69% | -3.21% | 1.66% | -5.18% | -5.22% | -0.90% |
| 2020 | -2.15% | -6.93% | -15.48% | 7.24% | 4.47% | 3.58% | 4.01% | 1.95% | -1.49% | -4.32% | 13.10% | 6.46% | 7.50% |
| 2019 | 9.45% | 0.29% | 0.14% | 2.60% | -5.42% | 5.96% | -2.68% | -2.18% | 4.01% | 4.07% | 1.37% | 4.47% | 23.35% |
| 2018 | 5.76% | -5.50% | -1.23% | 0.42% | -2.20% | -4.38% | -0.57% | -2.94% | 0.07% | -9.02% | -1.09% | -5.45% | -23.83% |
| 2017 | 3.52% | 1.06% | 2.94% | 2.24% | 3.13% | 0.71% | 3.62% | 1.49% | 2.58% | 2.27% | 0.12% | 1.68% | 28.44% |
| 2016 | -5.68% | -3.94% | 7.28% | 1.59% | -0.57% | -3.50% | 3.94% | 0.71% | 1.28% | -1.81% | -1.89% | 2.95% | -0.38% |
| 2015 | 0.90% | 7.07% | -2.32% | 4.27% | -0.58% | -2.94% | 0.27% | -6.91% | -6.05% | 5.20% | -0.86% | -2.49% | -5.31% |
| 2014 | -2.80% | 6.06% | -0.00% | 2.72% | 0.70% | 1.50% | -4.10% | 0.17% | -4.84% | -1.93% | 0.36% | -5.00% | -7.49% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of GTMIX is 49, 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 Tax-Managed International Equities Fund (GTMIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
GMO Tax-Managed International Equities Fund provided a 4.92% dividend yield over the last twelve months, with an annual payout of $0.75 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.75 | $0.75 | $0.28 | $0.48 | $0.76 | $0.35 | $0.62 | $0.39 | $0.50 | $0.55 | $0.47 | $0.65 |
Dividend yield | 4.92% | 5.38% | 1.94% | 3.82% | 5.15% | 2.25% | 4.13% | 3.07% | 2.96% | 4.05% | 3.26% | 4.17% |
Monthly Dividends
The table displays the monthly dividend distributions for GMO Tax-Managed International Equities 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 | $0.18 | $0.00 | $0.00 | $0.00 | $0.00 | $0.57 | $0.75 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.00 | $0.00 | $0.25 | $0.28 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.00 | $0.00 | $0.44 | $0.48 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.00 | $0.00 | $0.68 | $0.76 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.00 | $0.00 | $0.33 | $0.35 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.00 | $0.00 | $0.52 | $0.62 |
| 2018 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.34 | $0.39 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.00 | $0.00 | $0.40 | $0.50 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.29 | $0.00 | $0.22 | $0.55 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.00 | $0.00 | $0.41 | $0.47 |
| 2014 | $0.22 | $0.00 | $0.00 | $0.00 | $0.00 | $0.43 | $0.65 |
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 Tax-Managed International Equities 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 Tax-Managed International Equities Fund was 62.44%, occurring on Mar 9, 2009. Recovery took 2220 trading sessions.
The current GMO Tax-Managed International Equities Fund drawdown is 3.64%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -62.44% | Nov 1, 2007 | 338 | Mar 9, 2009 | 2220 | Jan 2, 2018 | 2558 |
| -42.29% | Jan 29, 2018 | 541 | Mar 23, 2020 | 248 | Mar 17, 2021 | 789 |
| -37.35% | Jun 8, 2021 | 330 | Sep 27, 2022 | 502 | Sep 26, 2024 | 832 |
| -23.58% | Jan 4, 2000 | 796 | Mar 12, 2003 | 121 | Sep 4, 2003 | 917 |
| -16.55% | May 10, 2006 | 24 | Jun 13, 2006 | 121 | Dec 5, 2006 | 145 |
Volatility
Volatility Chart
The current GMO Tax-Managed International Equities Fund volatility is 3.63%, 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.