GMO Global Asset Allocation III (GMWAX)

Fund Assets	435.50M
Expense Ratio	0.84%
Min. Investment	$1,000,000
Turnover	12.00%
Dividend (ttm)	1.87
Dividend Yield	4.34%
Dividend Growth	15.77%
Payout Frequency	Semi-Annual
Ex-Dividend Date	Jul 9, 2026

Previous Close	43.15
YTD Return	15.08%
1-Year Return	23.47%
5-Year Return	44.34%
52-Week Low	36.41
52-Week High	43.15
Beta (5Y)	0.55
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.

• Fund Family: GMO
• Category: Flexible Portfolio
• Performance Rating: Average
• Risk Rating: Below Average
• Stock Exchange: NASDAQ
• Ticker Symbol: GMWAX
• Share Class: Class III
• Index: MSCI AC World NR USD

Performance

GMWAX had a total return of 23.47% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.58%.

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
GMWRX	Class R6	0.84%
GMOOX	Class I	0.95%

Top Holdings

-3.66% of assets

Name	Symbol	Weight
Us 2yr Note (Cbt)	n/a	17.63%
Us 5yr Note (Cbt)	n/a	9.12%
10 Year Treasury Note Future Sept 26	n/a	4.36%
United States Treasury Notes 3.87%	TF.0 01.31.28	3.70%
Ultra 10 Year US Treasury Note Future Sept 26	n/a	3.61%
Us Long Bond(Cbt)	n/a	3.30%
Us Ultra Bond Cbt	n/a	2.48%
Contra Derivatives - Options	n/a	-2.19%
Contra Derivatives - Swaps	n/a	-6.59%
Contra Derivatives - Futures	n/a	-39.08%

Dividend History

Ex-Dividend	Amount	Pay Date
Jul 9, 2026	$0.0812	Jul 10, 2026
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

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Aug 27, 2026

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