GMO Benchmark-Free Allocation I (GBMIX)
| Fund Assets | 2.37B |
| Expense Ratio | 1.21% |
| Min. Investment | $125,000,000 |
| Turnover | 24.00% |
| Dividend (ttm) | 0.04 |
| Dividend Yield | 0.11% |
| Dividend Growth | -8.77% |
| Payout Frequency | n/a |
| Ex-Dividend Date | Jul 10, 2025 |
| Previous Close | 33.26 |
| YTD Return | 9.85% |
| 1-Year Return | 27.09% |
| 5-Year Return | 48.76% |
| 52-Week Low | 27.18 |
| 52-Week High | 33.51 |
| Beta (5Y) | n/a |
| Holdings | 10 |
| Inception Date | Aug 8, 2019 |
About GBMIX
The GMO Benchmark-Free Allocation Fund Class I is an open-end mutual fund designed to pursue positive total returns by dynamically allocating across a wide range of asset classes without the constraints of traditional market benchmarks. Managed by GMO, the fund aims to deliver annualized returns of 5% (net of fees) above the Consumer Price Index over a complete market cycle, targeting volatility between 5% and 10%. This flexible approach is grounded in GMO’s proprietary 7-Year Asset Class Forecasts, which guide allocations toward the most attractively valued opportunities globally, including both traditional and alternative investments. The fund's philosophy emphasizes mean reversion, seeking to capitalize on deviations from intrinsic value across markets. It is managed by a seasoned team and predominantly invests in other GMO funds, reflecting a diversified, research-driven strategy. The fund serves institutional and sophisticated investors who seek an unconstrained, actively managed global allocation vehicle, aiming to generate real returns while managing risk through diversified exposure and tactical shifts among asset classes.
Performance
GBMIX had a total return of 27.09% in the past year, including dividends. Since the fund's inception, the average annual return has been 7.87%.
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 | $0.038 | Jul 11, 2025 |
| Dec 23, 2024 | $1.2571 | Dec 24, 2024 |
| Jul 11, 2024 | $0.0449 | Jul 12, 2024 |
| Dec 21, 2023 | $1.3747 | Dec 22, 2023 |
| Jul 13, 2023 | $0.0657 | Jul 14, 2023 |
| Dec 21, 2022 | $0.7454 | Dec 22, 2022 |