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Overview

The GMO Global Asset Allocation Fund seeks to achieve a total return greater than that of its benchmark of 65% MSCI All Country World Index and 35% Bloomberg U.S. Aggregate Index by allocating dynamically across asset classes.

The philosophy that underlies all of GMO’s Asset Allocation investment strategies is the belief that, at times and in the short term, the pricing of asset classes can deviate from true intrinsic value, but mean reverts to appropriate valuation levels over a complete market cycle. GMO’s proprietary 7-Year Asset Class Forecasts form the foundation of our investment process, providing a framework to assess the return opportunity embedded in different asset classes. We use that insight to allocate to what we believe are the most attractively priced asset classes. We also seek to add value through security selection within both traditional and alternative asset classes.

Facts

Doc Table
Fund Inception Date June 28, 1996
CUSIP 362007171
Benchmark GMO Global Asset Allocation Index
Fund Total Assets as of 10/31/2024 $370mm USD

Share Class I

Inception Date January 6, 2021
Ticker Symbol GMOOX
CUSIP 362014367
NAV as of 11/20/2024 33.51
Net Expense Ratio 1 0.80
Gross Expense Ratio 2 0.85
Adjusted Expense Ratio 3 0.69

1 Net Expense Ratio reflects the reduction of expenses from fee reimbursements. The fee reimbursements will continue until at least June 30, 2025. Elimination of this reimbursement will result in higher fees and lower performance.

2 Gross Expense Ratio is equal to the Funds Total Annual Operating Expenses set forth in the Funds most recent prospectus dated June 30, 2024.

3 Adjusted expense ratio excludes certain investment-related costs, such as dividend and interest expense on short sales and interest expense incurred through entering into reverse repurchase agreements. The total of these costs, where applicable, can be found in the most recent prospectus.

Performance

Quarter-End as of September 30, 2024(USD, %) | Global Asset Alloc. Fund-I

Table Caption
1-Year 3-Year
Global Asset Allocation Fund 19.36 4.10
GMO Global Asset Allocation Index 24.40 4.84
  • Global Asset Allocation Fund
  • GMO Global Asset Allocation Index

Inception Date: January 06, 2021

Returns shown for periods greater than one year are on an annualized basis.

If certain expenses were not reimbursed, performance would be lower. Transaction costs, if any, are paid to the fund to offset the cost of portfolio transactions to invest or raise cash.

Performance data quoted represents past performance and is not indicative of future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance data may be lower or higher than the performance data provided herein.

Quarter-End as of September 30, 2024(USD, %) | Global Asset Alloc. Fund-I

Table Caption
QTD YTD 1-Year 3-Year
Global Asset Allocation Fund 5.79 9.67 19.36 4.10
GMO Global Asset Allocation Index 6.12 13.54 24.40 4.84
  • Global Asset Allocation Fund
  • GMO Global Asset Allocation Index

Inception Date: January 06, 2021

Returns shown for periods greater than one year are on an annualized basis.

Net of all fees and expenses after reimbursement by the Manager, but not transaction costs, if any. If certain expenses were not reimbursed, performance would be lower.

Performance data quoted represents past performance and is not indicative of future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance data may be lower or higher than the performance data provided herein.

Quarter-End as of September 30, 2024(USD, %) | Global Asset Alloc. Fund-I

Table Caption
QTD YTD 1-Year 3-Year
Global Asset Allocation Fund 5.82 9.76 19.49 4.21
GMO Global Asset Allocation Index 6.12 13.54 24.40 4.84
  • Global Asset Allocation Fund
  • GMO Global Asset Allocation Index

Inception Date: January 06, 2021

Returns shown for periods greater than one year are on an annualized basis.

Gross of fees, expenses and transaction costs, if any. If these fees, expenses and costs were included, performance would be lower.

Performance data quoted represents past performance and is not indicative of future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance data may be lower or higher than the performance data provided herein.

Month-End as of October 31, 2024(USD, %) | Global Asset Alloc. Fund-I

Table Caption
MTD QTD YTD 1-Year 3-Year
Global Asset Allocation Fund -3.66 -3.66 5.65 18.38 2.63
GMO Global Asset Allocation Index -2.33 -2.33 10.90 24.63 2.90
  • Global Asset Allocation Fund
  • GMO Global Asset Allocation Index

Inception Date: January 06, 2021

Returns shown for periods greater than one year are on an annualized basis.

Net of all fees and expenses after reimbursement by the Manager, but not transaction costs, if any. If certain expenses were not reimbursed, performance would be lower.

Performance data quoted represents past performance and is not indicative of future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance data may be lower or higher than the performance data provided herein.

Month-End as of October 31, 2024(USD, %) | Global Asset Alloc. Fund-I

Table Caption
MTD QTD YTD 1-Year 3-Year
Global Asset Allocation Fund -3.65 -3.65 5.75 18.51 2.74
GMO Global Asset Allocation Index -2.33 -2.33 10.90 24.63 2.90
  • Global Asset Allocation Fund
  • GMO Global Asset Allocation Index

Inception Date: January 06, 2021

Returns shown for periods greater than one year are on an annualized basis.

Gross of fees, expenses and transaction costs, if any. If these fees, expenses and costs were included, performance would be lower.

Performance data quoted represents past performance and is not indicative of future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance data may be lower or higher than the performance data provided herein.

Year Ending December 31 (USD, %) | Global Asset Alloc. Fund-I

Calendar
Global Asset Allocation Fund GMO Global Asset Allocation Index
2023 16.06 16.21
2022 -12.80 -16.30
2021 5.22 11.12
  • Global Asset Allocation Fund
  • GMO Global Asset Allocation Index

Inception Date: January 06, 2021

Returns shown for periods greater than one year are on an annualized basis.

Net of all fees and expenses after reimbursement by the Manager, but not transaction costs, if any. If certain expenses were not reimbursed, performance would be lower.

Performance data quoted represents past performance and is not indicative of future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance data may be lower or higher than the performance data provided herein.

Year Ending December 31 (USD, %) | Global Asset Alloc. Fund-I

Calendar
Global Asset Allocation Fund GMO Global Asset Allocation Index
2023 16.18 16.21
2022 -12.70 -16.30
2021 5.33 11.12
  • Global Asset Allocation Fund
  • GMO Global Asset Allocation Index

Inception Date: January 06, 2021

Returns shown for periods greater than one year are on an annualized basis.

Gross of fees, expenses and transaction costs, if any. If these fees, expenses and costs were included, performance would be lower.

Performance data quoted represents past performance and is not indicative of future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance data may be lower or higher than the performance data provided herein.

Documents

Literature

Fact Sheet Download
Prospectus Download
Summary Prospectus Download
Statement of Additional Information Download
Download All Download

Downloads

Performance Download
Portfolio Composition Download
Holdings Download
Holdings - Exploded Download
Holdings - Enhanced Download
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Commentary & Attribution

Commentary Quarterly Download
Market Review Download
Attribution - Monthly Download
Attribution - Quarterly Download
Attribution - YTD Download
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Investor Information

Annual Report Download
Semi-Annual Financial Statements and Other Information Download
Semi-Annual Report Download
NAVs and Distributions Download
Distribution Dates Download
Tax-Related Distribution Information Download
Download All Download

Document Library

Risks

Risks associated with investing in the Fund may include: (1) Market Risk - Equities: The market price of equities may decline due to factors affecting the issuer, its industries, or the economy and equity markets generally. Declines in stock market prices generally are likely to reduce the net asset value of the Fund's shares. (2) Management and Operational Risk: The risk that GMO's investment techniques will fail to produce desired results, including annualized returns and annualized volatility. (3) Non-U.S. Investment Risk: The market prices of many non-U.S. securities (particularly of companies tied economically to emerging countries) fluctuate more than those of U.S. securities. Many non-U.S. markets (particularly emerging markets) are less stable, smaller, less liquid, and less regulated than U.S. markets, and the cost of trading in those markets often is higher than it is in U.S. markets.For a more complete discussion of these risks and others, please consult the Fund's Prospectus.

Disclosures

An investor should consider the fund’s investment objectives, risks, charges and expenses before investing. This and other important information can be found in the fund’s prospectus. Read the prospectus carefully before investing. Please see prospectus above.

The GMO Trust funds are distributed in the United States by Funds Distributor LLC. GMO and Funds Distributor LLC are not affiliated.