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Global Asset Allocation Series Fund

  • Vehicle Mutual Fund
  • Asset Class Multi-Asset Class

Overview

The GMO Global Asset Allocation Series Fund seeks to achieve a total return greater than that of its benchmark of 65% MSCI All Country World Index and 35% Bloomberg Barclays U.S. Aggregate Index, over a complete market cycle, 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 the long term. 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 Total Assets as of 4/30/2019 $193mm USD
Benchmark GMO Global Asset Allocation Index

Share Class R6

Ticker Symbol GATRX
CUSIP 380131425
NAV as of 5/20/2019 9.20
Net Expense Ratio 1 0.61
Gross Expense Ratio 2 0.62

1 Net Expense Ratio reflects the reduction of expenses from fee reimbursements. The fee reimbursements will continue until at least June 30, 2019. 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, 2018.

Performance

Quarter-End as of March 31, 2019(USD, %) | GMO Global Asset Alloc Series Fund Class R6

Table Caption
1-Year 3-Year 5-Year 10-Year
Global Asset Allocation Series Fund -0.41 6.01 2.89 7.30
GMO Global Asset Allocation Index 3.54 7.71 5.29 9.29
  • Global Asset Allocation Series Fund 1
  • GMO Global Asset Allocation Index

Inception Date: June 28, 2002

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.

1 The inception date above refers to that of the GMO Global Asset Allocation Fund. Class R6 shares were first offered on January 1, 2012. GMO Global Asset Allocation Series Fund is a feeder fund investing substantially all of its assets in shares of a corresponding master fund (i.e., a corresponding GMO Trust fund). Performance data quoted for GMO Global Asset Allocation Series Fund reflects the performance data of the corresponding GMO Trust master fund re-stated to reflect the fees and expenses associated with GMO Global Asset Allocation Series Fund.

The Fund commenced operations on July 31, 2012. Returns prior to the date the Fund commenced operations are those of Global Asset Alloc. Fund (Class III shares), adjusted to reflect the estimated gross operating expenses (on a percentage basis) expected to be borne by shareholders of each class of shares of the Fund determined as of the commencement of the Fund's operations. The effect of purchase premiums and redemption fees paid by the Fund to Global Asset Alloc. Fund are not reflected for periods prior to the date on which the Fund commenced operations. If the effect of these payments were reflected, returns for periods prior to the date on which the Fund commenced operations would be less than those shown.

Quarter-End as of March 31, 2019(USD, %) | GMO Global Asset Alloc Series Fund Class R6

Table Caption
QTD YTD 1-Year 3-Year 5-Year 10-Year
Global Asset Allocation Series Fund 7.25 7.25 -0.41 6.01 2.89 7.30
GMO Global Asset Allocation Index 8.92 8.92 3.54 7.71 5.29 9.29
  • Global Asset Allocation Series Fund 1
  • GMO Global Asset Allocation Index

Inception Date: June 28, 2002

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.

1 The inception date above refers to that of the GMO Global Asset Allocation Fund. Class R6 shares were first offered on January 1, 2012. GMO Global Asset Allocation Series Fund is a feeder fund investing substantially all of its assets in shares of a corresponding master fund (i.e., a corresponding GMO Trust fund). Performance data quoted for GMO Global Asset Allocation Series Fund reflects the performance data of the corresponding GMO Trust master fund re-stated to reflect the fees and expenses associated with GMO Global Asset Allocation Series Fund.

The Fund commenced operations on July 31, 2012. Returns prior to the date the Fund commenced operations are those of Global Asset Alloc. Fund (Class III shares), adjusted to reflect the estimated gross operating expenses (on a percentage basis) expected to be borne by shareholders of each class of shares of the Fund determined as of the commencement of the Fund's operations. The effect of purchase premiums and redemption fees paid by the Fund to Global Asset Alloc. Fund are not reflected for periods prior to the date on which the Fund commenced operations. If the effect of these payments were reflected, returns for periods prior to the date on which the Fund commenced operations would be less than those shown.

Month-End as of April 30, 2019(USD, %) | GMO Global Asset Alloc Series Fund Class R6

Table Caption
MTD QTD YTD 1-Year 3-Year 5-Year 10-Year
Global Asset Allocation Series Fund 1.61 1.61 8.98 1.82 6.33 2.94 7.08
GMO Global Asset Allocation Index 2.20 2.20 11.32 5.39 8.10 5.56 8.71
  • Global Asset Allocation Series Fund 1
  • GMO Global Asset Allocation Index

Inception Date: June 28, 2002

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.

1 The inception date above refers to that of the GMO Global Asset Allocation Fund. Class R6 shares were first offered on January 1, 2012. GMO Global Asset Allocation Series Fund is a feeder fund investing substantially all of its assets in shares of a corresponding master fund (i.e., a corresponding GMO Trust fund). Performance data quoted for GMO Global Asset Allocation Series Fund reflects the performance data of the corresponding GMO Trust master fund re-stated to reflect the fees and expenses associated with GMO Global Asset Allocation Series Fund.

The Fund commenced operations on July 31, 2012. Returns prior to the date the Fund commenced operations are those of Global Asset Alloc. Fund (Class III shares), adjusted to reflect the estimated gross operating expenses (on a percentage basis) expected to be borne by shareholders of each class of shares of the Fund determined as of the commencement of the Fund's operations. The effect of purchase premiums and redemption fees paid by the Fund to Global Asset Alloc. Fund are not reflected for periods prior to the date on which the Fund commenced operations. If the effect of these payments were reflected, returns for periods prior to the date on which the Fund commenced operations would be less than those shown.

Year Ending December 31 (USD, %) | GMO Global Asset Alloc Series Fund Class R6

Calendar
Global Asset Allocation Series Fund GMO Global Asset Allocation Index
2018 -7.24 -6.00
2017 15.42 16.45
2016 5.47 6.17
2015 -4.35 -1.13
2014 1.26 4.87
2013 12.23 13.59
2012 10.05 12.07
2011 1.61 -1.90
2010 7.32 11.05
2009 22.31 24.48
  • Global Asset Allocation Series Fund 1
  • GMO Global Asset Allocation Index

Inception Date: June 28, 2002

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.

1 The inception date above refers to that of the GMO Global Asset Allocation Fund. Class R6 shares were first offered on January 1, 2012. GMO Global Asset Allocation Series Fund is a feeder fund investing substantially all of its assets in shares of a corresponding master fund (i.e., a corresponding GMO Trust fund). Performance data quoted for GMO Global Asset Allocation Series Fund reflects the performance data of the corresponding GMO Trust master fund re-stated to reflect the fees and expenses associated with GMO Global Asset Allocation Series Fund.

The Fund commenced operations on July 31, 2012. Returns prior to the date the Fund commenced operations are those of Global Asset Alloc. Fund (Class III shares), adjusted to reflect the estimated gross operating expenses (on a percentage basis) expected to be borne by shareholders of each class of shares of the Fund determined as of the commencement of the Fund's operations. The effect of purchase premiums and redemption fees paid by the Fund to Global Asset Alloc. Fund are not reflected for periods prior to the date on which the Fund commenced operations. If the effect of these payments were reflected, returns for periods prior to the date on which the Fund commenced operations would be less than those shown.

Management

Inker_Ben

Ben Inker

Head of Asset Allocation

Mr. Inker is head of GMO’s Asset Allocation team and a member of the GMO Board of Directors. He joined GMO in 1992 following the completion of his B.A. in Economics from Yale University.  In his years at GMO, Mr. Inker has served as an analyst for the Quantitative Equity and Asset Allocation teams, as a portfolio manager of several equity and asset allocation portfolios, as co-head of International Quantitative Equities, and as CIO of Quantitative Developed Equities.  He is a CFA charterholder.

Documents

Downloads

Performance
Portfolio Composition
Holdings
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Commentary & Attribution

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

Annual Report
Semiannual Report
NAVs and Distributions
Distribution Dates
Summary Distribution (Prior Year)
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Risks

Risks associated with investing in the Fund may include those as follows. (1) Management and Operational Risk: The risk that GMO's investment techniques will fail to produce desired results. (2) Market Risk - Equities: The market price of equities may decline due to factors affecting the issuing companies, their 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. (3) Non-U.S. Investment Risk: The market prices of many non-U.S. securities fluctuate more than those of U.S. securities. Many non-U.S. 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. 

Each GMO Series Trust Fund is a feeder fund investing substantially all of its assets in shares of a corresponding GMO Trust Fund (i.e., a master fund). Under the master-feeder structure, each GMO Series Trust Fund's sole portfolio holding, other than cash, is shares of the corresponding GMO Trust Fund.

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