Overview
The GMO Systematic Global Macro Trust’s investment objective is long-term total return. GMO Australia aims to produce a portfolio that seeks to outperform the Bloomberg Ausbond Bank Bill Index by taking both long and short positions in a range of global equity, bond, currency, and commodity markets using exchange-traded futures and forward foreign exchange contracts, as well as by making other investments.
The Systematic Global Macro team’s investment process systematically applies value and sentiment strategies across global markets. We believe that markets are inefficient but, in the long term, that economic reality will prevail and markets will revert toward fair value; however, the timing of this is uncertain. We aim to profit from mean reversion by buying markets that we believe are depressed in price and shorting markets that we believe are trading at inflated values. To deal with the uncertainty of timing, we model investor sentiment. Using sentiment helps us avoid buying inexpensive assets too early and closing winning positions too quickly.
Facts
Performance
Documents
Literature
| GMO Trust Additional Investment Form | Download | |
| GMO Trust Redemption Form | Download | |
| Fact Sheet | Download | |
| Information Memorandum & Application Form for Wholesale Investors | Download | |
| Product Disclosure Statements for Non-Wholesale Investors | Download | |
| CRS Self Certification Form for Entities | Download | |
| CRS Self Certification Form for Individuals | Download | |
| Statement of Additional Information | Download | |
| Download All | Download |
Downloads
| Performance | Download | |
| Portfolio Composition | Download | |
| Exposures - Detailed | Download | |
| Download All | Download |
Commentary & Attribution
| Commentary Quarterly | Download | |
| Attribution - Monthly | Download | |
| Download All | Download |
Investor Information
| Annual Report | Download | |
| NAVs and Distributions | Download | |
| Target Market Determination | Download | |
| Download All | Download |
Risks
Risks associated with investing in the Trust 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) Market Risk - Fixed Income Investments: The market price of a fixed income investment can decline due to a number of market-related factors, including rising interest rates and widening credit spreads or decreased liquidity stemming from the market's uncertainty about the value of a fixed income investment (or class of fixed income investments). (3) Credit Risk: The risk that the issuer or guarantor of a fixed income investment or the obligor of an obligation underlying an asset-backed security will be unable or unwilling to satisfy its obligation to pay principal and interest or otherwise to honor its obligations in a timely manner.For a more complete discussion of these risks and others, please consult the Trusts Product Disclosure Statement.
Disclosures
The GMO Australia Trusts (the "Trusts") are issued by GMO Australia Limited ABN 30 071 502 639, AFS Licence No. 236 656. The Trusts accept investments from wholesale investors only. Retail investors are not able to directly invest in the Trusts but may be able to gain exposure to some of the Trusts by investing with certain investor directed portfolio services, master trusts, wrap accounts or custodians ("Services"). GMO Australia Limited, GMO LLC, and their affiliates, do not guarantee the performance of any Trust or the repayment of an investor's capital.
This information is of a general nature only and is not advice. It does not take into account the objectives, financial situation or needs of any specific investor. The offer to invest in a Trust for wholesale investors is contained in the current Information Memorandum. A Product Disclosure Statement ("PDS") may be available for some of the Trusts and is solely for use by retail investors gaining exposure to a Trust through a Service. The Information Memorandum and PDS (if available) may be accessed from this website. Investors should read the Information Memorandum or PDS, consider their own circumstances, and obtain their own advice before making an investment decision.
Unit holder Communications
From time-to-time GMO will send you:
• Notices in relation to meetings of the members of a GMO Australian trust;
• Statutory reports (including the annual report), (together, “Unit holder Communications”).
GMO will send you Unit holder Communications electronically where you have provided us with an email address, unless you have specifically elected or requested otherwise. We therefore encourage you to provide us with your email address so we can communicate with you electronically when Unit holder Communications become available. Please note, we are required to advise you that you can elect (on a standing basis) to receive some or all of your Unit holder Communications in physical or electronic form or to not receive certain Unit holder Communications such as the annual report. You may also request on an ad hoc basis to receive a particular Unit holder Communication in physical or electronic form.
Please contact GMO Australia’s Client Relations team (sydcst@gmo.com) with any questions or to change your election.