About GMOHX
GMO Opportunistic Income Fund, Class III is a mutual fund that seeks capital appreciation and current income by investing primarily in securitized credit securities within the structured finance marketplace. Managed by GMO's Structured Products team, it employs top-down and bottom-up security selection to target the most attractively priced sectors and securities from a risk/return perspective. The fund takes an unconstrained approach to risk diversification, sub-sector allocation, and security selection, capitalizing on the fragmented nature and inefficiencies of structured finance, including areas like collateralized loan obligations, commercial mortgage-backed securities, residential mortgage-backed securities, student loans, autos, and other asset-backed securities. Its portfolio features a mix of credit ratings from AAA to below investment grade, with notable allocations to cash equivalents and various structured products. This strategy aims to generate alpha in a complex market characterized by volatile performance and numerous discrete opportunities. GMO Opportunistic Income Fund, Class III provides investors with exposure to opportunistic fixed income investments focused on structured finance.
Fund Family GMO
Category Alt Credit Focus
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 4.92% in the past year, including dividends. Since the fund's
inception, the average annual return has been 3.46%.
