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 has an expense ratio of 0.68%, placing it in the medium range.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
GMO Tax-Managed International Equities Fund (GTMIX) returned 19.77% year-to-date (YTD) and 18.95% over the past 12 months. Over the past 10 years, GTMIX returned 5.56% annually, underperforming the S&P 500 benchmark at 10.84%.
GTMIX
19.77%
4.01%
18.88%
18.95%
12.55%
13.00%
5.56%
^GSPC (Benchmark)
0.52%
6.32%
-1.44%
12.25%
12.45%
14.20%
10.84%
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% | 5.41% | 2.30% | 2.12% | 4.47% | 19.77% | |||||||
| 2024 | -1.59% | 0.99% | 4.81% | -1.33% | 5.19% | -4.23% | 4.50% | 3.31% | 1.51% | -4.58% | -0.97% | -1.84% | 5.24% |
| 2023 | 6.59% | -1.94% | 1.75% | 1.87% | -5.20% | 6.49% | 4.39% | -3.14% | -0.93% | -4.50% | 7.38% | 4.94% | 17.88% |
| 2022 | -0.68% | -2.79% | -0.49% | -5.62% | 2.75% | -9.93% | 1.57% | -3.80% | -8.07% | 6.58% | 12.61% | -0.68% | -10.13% |
| 2021 | -1.15% | 3.30% | 4.13% | 2.89% | 4.50% | -2.01% | -0.64% | 0.69% | -3.21% | 1.66% | -5.18% | 5.88% | 10.71% |
| 2020 | -2.15% | -6.93% | -15.47% | 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% | 2.82% | -2.94% | 0.07% | -9.02% | -1.09% | -5.45% | -21.23% |
| 2017 | 3.52% | 1.06% | 2.94% | 2.25% | 3.13% | 0.71% | 3.63% | 1.49% | 2.57% | 2.27% | 0.12% | 1.69% | 28.45% |
| 2016 | -5.68% | -3.94% | 7.27% | 1.59% | -0.57% | -3.50% | 3.95% | 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% | -6.06% | 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
With an overall rank of 81, GTMIX is among the top 19% 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 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.
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Dividends
Dividend History
GMO Tax-Managed International Equities Fund provided a 8.10% dividend yield over the last twelve months, with an annual payout of $1.35 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.35 | $1.35 | $0.41 | $0.73 | $2.45 | $0.35 | $0.62 | $0.91 | $0.50 | $0.55 | $0.47 | $0.65 |
Dividend yield | 8.10% | 9.70% | 2.81% | 5.76% | 16.55% | 2.25% | 4.13% | 7.24% | 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 | $0.00 | $0.00 | $0.00 | |||||||
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.19 | $0.00 | $0.00 | $0.00 | $0.00 | $1.16 | $1.35 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.00 | $0.00 | $0.37 | $0.41 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.29 | $0.00 | $0.00 | $0.00 | $0.00 | $0.44 | $0.73 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.00 | $0.00 | $2.37 | $2.45 |
| 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 | $0.53 | $0.00 | $0.00 | $0.00 | $0.00 | $0.34 | $0.91 |
| 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.
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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 58.92%, occurring on Mar 9, 2009. Recovery took 1248 trading sessions.
The current GMO Tax-Managed International Equities Fund drawdown is 0.18%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -58.92% | Dec 27, 2007 | 300 | Mar 9, 2009 | 1248 | Feb 24, 2014 | 1548 |
| -40.32% | Jan 29, 2018 | 541 | Mar 23, 2020 | 202 | Jan 8, 2021 | 743 |
| -30.85% | Jul 7, 2014 | 405 | Feb 11, 2016 | 422 | Oct 13, 2017 | 827 |
| -28.81% | Jun 8, 2021 | 330 | Sep 27, 2022 | 313 | Dec 26, 2023 | 643 |
| -23.58% | Jan 4, 2000 | 796 | Mar 12, 2003 | 121 | Sep 4, 2003 | 917 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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