GMO Global Asset Allocation Fund Class III (GMWAX)
| Fund Assets | 435.50M |
| Expense Ratio | 0.69% |
| Min. Investment | $1,000,000 |
| Turnover | 12.00% |
| Dividend (ttm) | 1.83 |
| Dividend Yield | 4.54% |
| Dividend Growth | 13.66% |
| Payout Frequency | Semi-Annual |
| Ex-Dividend Date | Dec 29, 2025 |
| Previous Close | 40.29 |
| YTD Return | 7.46% |
| 1-Year Return | 29.49% |
| 5-Year Return | 44.30% |
| 52-Week Low | 29.06 |
| 52-Week High | 40.48 |
| Beta (5Y) | 0.54 |
| Holdings | 10 |
| Inception Date | Oct 22, 1996 |
About GMWAX
The GMO Global Asset Allocation Fund III is a diversified mutual fund designed to deliver a total return exceeding a blended benchmark of 65% MSCI All Country World Index and 35% Bloomberg U.S. Aggregate Index over a full market cycle. This fund employs a dynamic allocation strategy, investing across multiple asset classes including global equities, fixed income, and alternative assets. It is managed by GMO, a firm with a long-standing, valuation-driven approach that emphasizes exploiting asset class mispricings and mean reversion over time. The fund utilizes proprietary long-term forecasts to direct investments into what GMO identifies as the most attractively valued asset classes at any given time. Its portfolio reflects a mix of equity and fixed income holdings, along with allocations to alternative investments such as structured products and emerging market debt. With a moderate risk profile and a contrarian philosophy, the fund is structured to provide both capital appreciation and income for investors seeking global diversification. GMO Global Asset Allocation Fund III plays a significant role for investors looking to balance risk and return through disciplined, research-driven exposure to global markets.
Performance
GMWAX had a total return of 29.49% in the past year, including dividends. Since the fund's inception, the average annual return has been 18.04%.
Top Holdings
85.08% of assets| Name | Symbol | Weight |
|---|---|---|
| GMO International Equity Fund Class IV | GMCFX | 15.20% |
| GMO Alternative Allocation Fund Class VI | GAAVX | 13.95% |
| GMO Multi-Sector Fixed Income Fund Class IV | GPBFX | 11.75% |
| GMO U.S. Equity Fund Class VI | GMCQX | 8.03% |
| GMO International Opportunistic Val IV | GMAZX | 7.24% |
| GMO U.S. Opportunistic Value Vi | UUOAX | 7.03% |
| GMO Asset Allocation Bond Fund Class VI | GABFX | 6.73% |
| GMO Emerging Markets Fund Class VI | GEMMX | 6.08% |
| GMO-Usonian Japan Value Creation VI | GMAHX | 5.98% |
| GMO Emerging Markets ex-China VI | GMAQX | 3.10% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 29, 2025 | $1.7854 | Dec 30, 2025 |
| Jul 10, 2025 | $0.0455 | Jul 11, 2025 |
| Dec 27, 2024 | $1.5669 | Dec 30, 2024 |
| Jul 11, 2024 | $0.0439 | Jul 12, 2024 |
| Dec 27, 2023 | $1.5347 | Dec 28, 2023 |
| Jul 13, 2023 | $0.2094 | Jul 14, 2023 |