GMO Benchmark-Free Allocation Fund Class IV (GBMBX)
| Fund Assets | 2.37B |
| Expense Ratio | 1.18% |
| Min. Investment | $125,000,000 |
| Turnover | 24.00% |
| Dividend (ttm) | 0.05 |
| Dividend Yield | 0.16% |
| Dividend Growth | -8.52% |
| Payout Frequency | n/a |
| Ex-Dividend Date | Jul 10, 2025 |
| Previous Close | 33.34 |
| YTD Return | 9.89% |
| 1-Year Return | 27.28% |
| 5-Year Return | 50.21% |
| 52-Week Low | 27.24 |
| 52-Week High | 33.59 |
| Beta (5Y) | n/a |
| Holdings | 10 |
| Inception Date | Dec 11, 2012 |
About GBMBX
GMO Benchmark-Free Allocation Fund Class IV is a multi-asset mutual fund designed to achieve positive total return by dynamically allocating across a wide range of asset classes without adhering to traditional benchmark constraints. The fund's core objective is to deliver annualized returns exceeding the Consumer Price Index by 5% (net of fees) over a full market cycle, with a targeted annualized volatility between 5% and 10%. Its investment approach leverages GMO’s proprietary long-term asset class forecasts, emphasizing valuation-driven decisions to exploit market inefficiencies when asset prices diverge from intrinsic values. The strategy is flexible, allowing for active adjustments in allocation based on where the investment team identifies the most attractive risk-adjusted opportunities, rather than a set asset mix. This enables exposure to both traditional and alternative asset categories. The fund plays a significant role in the market as a tool for investors seeking diversified, outcome-oriented exposure that is not tied to standard benchmarks, potentially helping to mitigate risk and enhance return across market cycles.
Performance
GBMBX had a total return of 27.28% in the past year, including dividends. Since the fund's inception, the average annual return has been 5.69%.
Top Holdings
48.06% of assets| Name | Symbol | Weight |
|---|---|---|
| Us 2yr Note (Cbt) | n/a | 34.11% |
| Contra Derivatives - Swaps | n/a | 22.99% |
| Us 5yr Note (Cbt) | n/a | 13.46% |
| United States Treasury Notes 3.77% | TF.0 01.31.28 | 12.01% |
| 10 Year Treasury Note Future June 26 | n/a | 7.57% |
| United States Treasury Notes 3.86% | TF.0 10.31.27 | 5.89% |
| Ultra 10 Year US Treasury Note Future June 26 | n/a | 4.95% |
| United States Treasury Notes 3.83% | TF.0 07.31.27 | 4.86% |
| Future on TOPIX | n/a | -3.58% |
| Contra Derivatives - Futures | n/a | -54.21% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jul 10, 2025 | $0.0518 | Jul 11, 2025 |
| Dec 23, 2024 | $1.2799 | Dec 24, 2024 |
| Jul 11, 2024 | $0.0554 | Jul 12, 2024 |
| Dec 21, 2023 | $1.4003 | Dec 22, 2023 |
| Jul 13, 2023 | $0.0783 | Jul 14, 2023 |
| Dec 21, 2022 | $0.7871 | Dec 22, 2022 |