About GBMFX
The GMO Benchmark-Free Allocation Fund Class III is a multi-asset mutual fund designed to generate positive total returns by dynamically allocating across a broad spectrum of asset classes, unconstrained by traditional market benchmarks. Employing GMO’s proprietary 7-Year Asset Class Forecasts, the fund seeks to capitalize on opportunities where asset prices deviate from intrinsic value, aiming for long-term mean reversion. Its objective is to achieve annualized returns of 5% above the Consumer Price Index over a full market cycle, targeting an annualized volatility between 5% and 10%.
Structured primarily as a fund of funds, it invests in a range of underlying GMO strategies, including those focused on opportunistic income, emerging country debt, high yield, alternative investments, and climate change. This provides broad diversification across geographies, sectors, and asset types, and allows the fund to adjust exposures based on prevailing market conditions and valuation opportunities. The flexible mandate enables substantial allocation to single sectors, regions, or currencies when deemed attractive, making it distinct from traditional balanced or index-based portfolios. The fund’s approach appeals to institutional and high-net-worth investors seeking a research-driven, value-oriented allocation strategy in the global markets.
Fund Family GMO
Category Alt Global Macro
Performance Rating Average
Risk Rating Low
Stock Exchange NASDAQ
Ticker Symbol GBMFX
Share Class Class III
Index Consumer Price Index for All Urban Consumers
GBMFX had a total return of 26.08% in the past year, including dividends. Since the fund's
inception, the average annual return has been 12.32%.
