GMO Tax-Managed International Equities Fund (GTMIX)

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GMO Tax-Managed International Equities Fund (GTMIX) is up 12.1% since the beginning of the year. GTMIX is currently trading at $18 per share. Investors who bought $1,000 worth of GTMIX shares 5 years ago would now be looking at an investment worth $1,683.

GMO Tax-Managed International Equities Fund (GTMIX) has returned 12.14% so far this year and 35.88% over the past 12 months. Over the last ten years, GTMIX has returned 10.68% per year, falling short of the S&P 500 Index benchmark, which averaged 13.70% annually.

Based on dividend-adjusted daily data since Jan 4, 1999, GTMIX's average daily return is +0.03%, while the average monthly return is +0.68%. At this rate, an investment would double in approximately 8.5 years.

Historically, 59% of months were positive and 41% were negative. The best month was Nov 2020 with a return of +13.1%, while the worst month was Oct 2008 at -18.9%. The longest winning streak lasted 14 consecutive months, and the longest losing streak was 6 months.

On a daily basis, GTMIX closed higher 52% of trading days. The best single day was Oct 28, 2008 with a return of +11.4%, while the worst single day was Mar 12, 2020 at -11.0%.

GMO Tax-Managed International Equities Fund has an annualized alpha of 2.63%, beta of 0.70, and R2 of 0.58 versus S&P 500 Index. Calculated based on daily prices since January 04, 1999.

• This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (85.71%) than losses (84.62%) - typical of diversified or defensive assets.
• This fund generated an annualized alpha of 2.63% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
• Beta of 0.70 indicates this fund moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.

GTMIX has an expense ratio of 0.68%, placing it in the medium range.

GTMIX ranks 91 for risk / return — in the top 91% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.

GMO Tax-Managed International Equities Fund provided a 20.01% dividend yield over the last twelve months, with an annual payout of $3.68 per share. The fund has been increasing its distributions for 2 consecutive years.

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.

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.

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 58.31%, occurring on Mar 9, 2009. Recovery took 1223 trading sessions.

The current GMO Tax-Managed International Equities Fund drawdown is 2.44%.

The chart below shows the rolling one-month volatility.