About GMODX
GMO Opportunistic Income Fund Class VI is a mutual fund that seeks capital appreciation and current income by investing primarily in securitized credit securities within the structured finance marketplace. It employs a flexible, opportunistic approach, utilizing top-down and bottom-up security selection methods to target what the managers view as the most attractively priced sectors and securities from a risk/return perspective. The fund may also allocate to other fixed-income instruments, including bonds issued or guaranteed by the U.S. government, non-U.S. governments, and private sector entities, adjusting exposures based on prevailing market value opportunities. Key holdings often include asset-backed securities such as those from Federal National Mortgage Association, U.S. Treasury notes, and various commercial mortgage trusts, alongside derivatives for risk management. Classified in the nontraditional bond category, it maintains a portfolio with medium credit quality, limited interest rate sensitivity, and an effective duration around 2 years. This Class VI share is designed for institutional investors, offering a low expense structure and monthly distributions, positioning it as a dynamic option in the fixed-income space for those seeking uncorrelated returns.
Fund Family GMO
Category Alt Credit Focus
Performance Rating Above Average
Risk Rating Low
Stock Exchange Nasdaq
Ticker Symbol GMODX
Share Class Class VI
Index Index is not available on Lipper Database
GMODX had a total return of 2.34% in the past year, including dividends. Since the fund's
inception, the average annual return has been 3.90%.
