About GMOHX
GMO Opportunistic Income Fund, Class III is an actively managed mutual fund focused on capital appreciation and current income through the **structured finance** universe. The strategy targets the most attractively priced segments across securitized credit—such as **asset-backed securities, commercial and residential mortgage-backed securities, collateralized loan obligations, student loans, and other niche ABS**—using a combination of top-down allocation and bottom-up security selection by GMO’s Structured Products team. The fund typically maintains a diversified book with a broad range of credit ratings and a relatively **short effective duration**, seeking to balance interest-rate sensitivity with credit-driven opportunities. By exploiting market segmentation, structural complexity, and pricing inefficiencies inherent in securitized markets, the fund aims to deliver a differentiated source of fixed income returns within a multi-sector credit framework. Its approach emphasizes risk-aware underwriting of underlying collateral, deal structures, and cash-flow dynamics, positioning the fund as a specialized solution for accessing securitized credit beyond traditional corporate and government bond exposures.
Fund Family GMO
Category Nontraditional Bond
Performance Rating Average
Risk Rating Below Average
Stock Exchange NASDAQ
Ticker Symbol GMOHX
Share Class Class III
Index Index is not available on Lipper Database
GMOHX had a total return of 6.58% in the past year, including dividends. Since the fund's
inception, the average annual return has been 9.48%.
