GMO Opportunistic Income Fund (GMOLX)
| Fund Assets | 1.28B |
| Expense Ratio | 0.67% |
| Min. Investment | $300,000,000 |
| Turnover | 277.00% |
| Dividend (ttm) | 1.20 |
| Dividend Yield | 4.93% |
| Dividend Growth | -39.44% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Aug 29, 2025 |
| Previous Close | 24.41 |
| YTD Return | 3.47% |
| 1-Year Return | 4.05% |
| 5-Year Return | 18.34% |
| 52-Week Low | 24.06 |
| 52-Week High | 24.51 |
| Beta (5Y) | n/a |
| Holdings | 303 |
| Inception Date | Nov 5, 2019 |
About GMOLX
GMO Opportunistic Income Fund Class I is a nontraditional bond mutual fund designed to deliver capital appreciation and current income through a flexible, opportunistic approach to fixed income markets. The strategy primarily targets securitized credit—such as asset-backed and mortgage-related securities—while retaining the latitude to invest across a wide range of debt instruments and utilize derivatives for risk management and positioning. The portfolio exhibits medium credit quality with limited interest rate sensitivity, reflecting an emphasis on shorter effective duration and diversified structured exposures. Managed by GMO’s Structured Products team, the fund blends top‑down allocation with bottom‑up security selection to identify attractively priced segments within the complex and fragmented structured finance marketplace. This unconstrained framework seeks to exploit market inefficiencies across sub-sectors, supported by active use of instruments like swaps, swaptions, repos, Treasury futures, and credit indices within a risk-controlled process. The fund distributes income monthly and is positioned within Morningstar’s Nontraditional Bond category, with an institutional share class profile and a below‑average distribution fee level.
Performance
GMOLX had a total return of 4.05% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.29%.
Top 10 Holdings
84.77% of assets| Name | Symbol | Weight |
|---|---|---|
| Contra Derivatives - Swaps | n/a | 22.82% |
| United States Treasury Notes 4.46126% | TF.0 04.30.27 | 15.33% |
| 2 Year Treasury Note Future Sept 25 | n/a | 9.96% |
| Contra Derivatives - Swaptions | n/a | 9.61% |
| Cds: (Itraxx.Eur.42 12-100%) | n/a | 7.47% |
| Cds: (Itraxx.Xo.42.V2 35-100%) | n/a | 5.18% |
| Repo For R 4.37 | n/a | 4.70% |
| 10 Year Treasury Note Future Sept 25 | n/a | 4.42% |
| Ultra 10 Year US Treasury Note Future Sept 25 | n/a | 3.09% |
| Hyg 07/18/25 P80 | n/a | 2.18% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Aug 29, 2025 | $0.0938 | Sep 2, 2025 |
| Jul 31, 2025 | $0.1041 | Aug 1, 2025 |
| Jun 30, 2025 | $0.0944 | Jul 1, 2025 |
| May 30, 2025 | $0.0937 | Jun 2, 2025 |
| Apr 30, 2025 | $0.1032 | May 1, 2025 |
| Mar 31, 2025 | $0.1001 | Apr 1, 2025 |