GMO Benchmark-Free III (GBFFX)
| Fund Assets | 1.23B |
| Expense Ratio | 0.70% |
| Min. Investment | $1,000,000 |
| Turnover | 111.00% |
| Dividend (ttm) | 1.12 |
| Dividend Yield | 4.63% |
| Dividend Growth | 0.20% |
| Payout Frequency | Semi-Annual |
| Ex-Dividend Date | Dec 29, 2025 |
| Previous Close | 24.07 |
| YTD Return | 9.92% |
| 1-Year Return | 24.01% |
| 5-Year Return | 50.62% |
| 52-Week Low | 20.21 |
| 52-Week High | 24.54 |
| Beta (5Y) | 0.34 |
| Holdings | 1212 |
| Inception Date | Jun 15, 2011 |
About GBFFX
GMO Benchmark-Free Fund, Class III, is a multi-asset mutual fund designed to pursue positive total returns by flexibly allocating investments across a broad array of asset classes. Unlike traditional funds that track a specific benchmark, this fund operates without benchmark constraints, allowing the management team to dynamically adjust exposures based on their assessment of market opportunities and valuations. The fund invests in a mix of direct securities, shares of other GMO-managed funds—including equity, fixed income, and alternative asset strategies—and frequently employs derivatives and short positions to implement its views. GMO employs a value-driven approach, aiming to exploit deviations from intrinsic value among asset classes, guided by proprietary long-term asset class forecasts. The fund targets annualized returns exceeding the Consumer Price Index by 5% (net of fees) and seeks to maintain volatility within a 5-10% range over a full market cycle. This flexible structure enables the fund to respond opportunistically to changing global market conditions, making it a distinct solution for investors seeking diversification and adaptability outside conventional benchmark-driven mandates.
Performance
GBFFX had a total return of 24.01% in the past year, including dividends. Since the fund's inception, the average annual return has been 6.12%.
Top 10 Holdings
52.00% of assets| Name | Symbol | Weight |
|---|---|---|
| Nomura Securities International, Inc. - NOMURA REPO | n/a | 14.67% |
| GMO Alternative Allocation VI | GAAVX | 12.65% |
| United States Treasury - U.S. Treasury Floating Rate Notes | TF.0 04.30.27 | 4.60% |
| United States Treasury - U.S. Treasury Floating Rate Notes | TF.0 01.31.28 | 4.26% |
| United States Treasury - U.S. Treasury Floating Rate Notes | TF.0 07.31.27 | 4.25% |
| United States Treasury - U.S. Treasury Floating Rate Notes | TF.0 10.31.27 | 4.16% |
| GMO Resources Fund | GMOWX | 3.06% |
| GMO Opportunistic Income Fund | GMODX | 1.82% |
| Taiwan Semiconductor Manufacturing Company Limited | 2330 | 1.50% |
| GMO Climate Change III | GCCHX | 1.03% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 29, 2025 | $0.9663 | Dec 30, 2025 |
| Jul 10, 2025 | $0.1526 | Jul 11, 2025 |
| Dec 27, 2024 | $0.7815 | Dec 30, 2024 |
| Jul 11, 2024 | $0.3352 | Jul 12, 2024 |
| Dec 27, 2023 | $0.9328 | Dec 28, 2023 |
| Jul 13, 2023 | $0.1423 | Jul 14, 2023 |