GMO Multi-Sector Fixed Income Fund (GUGAX)

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The chart shows the growth of an initial investment of $10,000 in GMO Multi-Sector Fixed 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.

GMO Multi-Sector Fixed Income Fund (GUGAX) has returned 0.96% so far this year and 5.20% over the past 12 months. Over the last ten years, GUGAX has returned 1.60% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% annually.

Based on dividend-adjusted daily data since Jan 2, 1998, GUGAX's average daily return is 0.00%, while the average monthly return is +0.06%. At this rate, your investment would double in approximately 96.3 years.

Historically, 59% of months were positive and 41% were negative. The best month was Dec 2023 with a return of +4.4%, while the worst month was Dec 2008 at -11.4%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 10 months.

On a daily basis, GUGAX closed higher 45% of trading days. The best single day was Dec 18, 2024 with a return of +4.3%, while the worst single day was Dec 23, 2008 at -11.1%.

GMO Multi-Sector Fixed Income Fund has an annualized alpha of 0.85%, beta of -0.02, and R² of 0.00 versus S&P 500 Index. Calculated based on daily prices since January 05, 1998.

• This fund participated in 12.58% of S&P 500 Index downside but only 7.87% of its upside — more exposed to losses than it benefited from rallies.
• Beta of -0.02 may look defensive, but with R² of 0.00 this fund is largely uncorrelated with S&P 500 Index — low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R² of 0.00 means this fund moves largely independently of S&P 500 Index — capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

GUGAX has an expense ratio of 0.45%, placing it in the medium range.

GUGAX ranks 73 for risk / return — better than 73% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.

The table below present risk-adjusted performance metrics for GMO Multi-Sector Fixed Income Fund (GUGAX) and compare them to a chosen benchmark (S&P 500 Index).

GMO Multi-Sector Fixed Income Fund provided a 4.52% dividend yield over the last twelve months, with an annual payout of $0.79 per share.

The table displays the monthly dividend distributions for GMO Multi-Sector Fixed Income 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 Multi-Sector Fixed 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 Multi-Sector Fixed Income Fund was 38.57%, occurring on Mar 10, 2009. Recovery took 2759 trading sessions.

The current GMO Multi-Sector Fixed Income Fund drawdown is 6.72%.

The chart below shows the rolling one-month volatility.