GMO Benchmark-Free III (GBFFX)

Fund Assets	1.23B
Expense Ratio	0.70%
Min. Investment	$1,000,000
Turnover	111.00%
Dividend (ttm)	1.20
Dividend Yield	4.83%
Dividend Growth	28.87%
Payout Frequency	Semi-Annual
Ex-Dividend Date	Jul 9, 2026

Previous Close	24.93
YTD Return	15.08%
1-Year Return	23.72%
5-Year Return	59.40%
52-Week Low	21.17
52-Week High	24.93
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.

• Fund Family: GMO
• Category: Alt Global Macro
• Performance Rating: Above Average
• Risk Rating: Below Average
• Stock Exchange: NASDAQ
• Ticker Symbol: GBFFX
• Share Class: Class III
• Index: Consumer Price Index for All Urban Consumers

Performance

GBFFX had a total return of 23.72% in the past year, including dividends. Since the fund's inception, the average annual return has been 6.48%.

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 VI	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
Jul 9, 2026	$0.2375	Jul 10, 2026
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

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Aug 27, 2026

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