GMO Benchmark-Free Allocation I (GBMIX)

Fund Assets	2.37B
Expense Ratio	1.21%
Min. Investment	$125,000,000
Turnover	24.00%
Dividend (ttm)	0.05
Dividend Yield	0.15%
Dividend Growth	-95.99%
Payout Frequency	Annual
Ex-Dividend Date	Jul 9, 2026

Previous Close	34.63
YTD Return	14.58%
1-Year Return	22.37%
5-Year Return	61.47%
52-Week Low	29.21
52-Week High	34.63
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.

• Fund Family: GMO
• Category: Alt Global Macro
• Performance Rating: Average
• Risk Rating: Low
• Stock Exchange: NASDAQ
• Ticker Symbol: GBMIX
• Share Class: Class I
• Index: Consumer Price Index for All Urban Consumers

Performance

GBMIX had a total return of 22.37% in the past year, including dividends. Since the fund's inception, the average annual return has been 8.20%.

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
GBMBX	Class Iv	1.30%
GBMFX	Class Iii	1.35%
GBMSX	Class R6	1.35%

Top Holdings

28.23% of assets

Name	Symbol	Weight
Us 2yr Note (Cbt)	n/a	20.59%
United States Treasury Notes 3.87%	TF.0 01.31.28	10.97%
Us 5yr Note (Cbt)	n/a	9.74%
10 Year Treasury Note Future Sept 26	n/a	5.97%
Ultra 10 Year US Treasury Note Future Sept 26	n/a	4.45%
Meta Platforms, Inc.	META	4.30%
United States Treasury Notes 3.96%	TF.0 10.31.27	4.11%
United States Treasury Notes 3.93%	TF.0 07.31.27	3.98%
United States Treasury Notes 1.88%	TII.1.875 01.15.36	3.50%
Contra Derivatives - Futures	n/a	-39.38%

Dividend History

Ex-Dividend	Amount	Pay Date
Jul 9, 2026	$0.0519	Jul 10, 2026
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

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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