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Global Real Return (UCITS) Fund

  • Vehicle UCITS
  • Asset Class Multi-Asset Class

Overview

The GMO Global Real Return (UCITS) Fund seeks to achieve a return in excess of that of its benchmark, the OECD G7 Consumer Price Index, by allocating dynamically across asset classes, free from the constraints of traditional benchmarks. The Fund seeks annualized excess returns of 5% (net of fees) above the OECD G7 Consumer Price Index, over a complete market cycle.

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. GMO’s Asset Allocation approach is flexible, not pre-determined by static allocations or benchmark-related ranges, constrained only by our unwillingness to overpay for an asset. We also seek to add value through security selection within both traditional and alternative asset classes.

Facts

Doc Table
Fund Inception Date November 30, 2011
Fund Total Assets as of 10/31/2019 $3.1bn USD
Benchmark OECD CPI G7

USD Class A

Inception Date August 20, 2012
SEDOL B4WTS75
ISIN IE00B4WTS758
NAV as of 11/18/2019 25.36

Performance

Quarter-End as of September 30, 2019(USD, %) | Global Real Return (UCITS) Fund USA

Table Caption
QTD YTD 1-Year 3-Year 5-Year ITD
Global Real Return (UCITS) Fund -1.28 5.41 1.31 3.17 1.68 3.04
OECD CPI G7 0.22 1.71 1.45 1.81 1.28 1.39
  • Global Real Return (UCITS) Fund
  • OECD CPI G7

Inception Date: August 20, 2012

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, 2019(USD, %) | Global Real Return (UCITS) Fund USA

Table Caption
QTD YTD 1-Year 3-Year 5-Year ITD
Global Real Return (UCITS) Fund -1.06 6.10 2.20 4.08 2.58 3.95
OECD CPI G7 0.22 1.71 1.45 1.81 1.28 1.39
  • Global Real Return (UCITS) Fund
  • OECD CPI G7

Inception Date: August 20, 2012

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, 2019(USD, %) | Global Real Return (UCITS) Fund USA

Table Caption
MTD QTD YTD 1-Year 3-Year 5-Year ITD
Global Real Return (UCITS) Fund 1.70 1.70 7.20 6.56 3.99 2.14 3.25
OECD CPI G7 0.00 0.00 1.71 1.28 1.75 1.32 1.37
  • Global Real Return (UCITS) Fund
  • OECD CPI G7

Inception Date: August 20, 2012

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, 2019(USD, %) | Global Real Return (UCITS) Fund USA

Table Caption
MTD QTD YTD 1-Year 3-Year 5-Year ITD
Global Real Return (UCITS) Fund 1.77 1.77 7.98 7.50 4.91 3.03 4.16
OECD CPI G7 0.00 0.00 1.71 1.28 1.75 1.32 1.37
  • Global Real Return (UCITS) Fund
  • OECD CPI G7

Inception Date: August 20, 2012

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 Real Return (UCITS) Fund USA

Calendar
Global Real Return (UCITS) Fund OECD CPI G7
2018 -5.89 1.64
2017 11.88 1.87
2016 2.85 1.55
2015 -4.36 0.55
2014 0.74 0.83
2013 9.96 1.39
2012 2.32 0.31
  • Global Real Return (UCITS) Fund
  • OECD CPI G7

Inception Date: August 20, 2012

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 Real Return (UCITS) Fund USA

Calendar
Global Real Return (UCITS) Fund OECD CPI G7
2018 -5.06 1.64
2017 12.86 1.87
2016 3.76 1.55
2015 -3.52 0.55
2014 1.65 0.83
2013 10.95 1.39
2012 2.65 0.31
  • Global Real Return (UCITS) Fund
  • OECD CPI G7

Inception Date: August 20, 2012

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.

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.

Thorndike_John

John Thorndike

Portfolio Manager

Mr. Thorndike is a member of GMO’s Asset Allocation team. Prior to joining GMO in 2015, he was a managing director and Deputy CIO at The Investment Fund for Foundations. Previously, he was an analyst with TIFF. Mr. Thorndike earned his AB in Physics from Bowdoin College.

Documents

Downloads

Performance
Portfolio Composition
Currency Exposures
Holdings
Holdings - Enhanced
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Commentary & Attribution

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

Annual Report
Semiannual Report
NAVs and Distributions
Fair Value Hierarchy
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Risks

Risks associated with investing in the Fund may include: Management and Operational Risk, Market Risk - Equities, Non-U.S. Investment Risk, Market Risk - Fixed Income Investments, and Derivatives and Short Sales Risk. For a more complete discussion of these risks and others, please consult the Fund's prospectus.

Disclosures

The making available of any document on this website does not constitute a promotion, offer or sale of any securities, financial instruments, or other financial products to the public in or into any jurisdiction where such promotion, offer or sale is prohibited or to any person or class of person to whom such securities or financial instruments may not be lawfully promoted, offered or sold. You should not rely on any document on this website in making any decision to engage in investment activity without seeking further information from GMO to enable GMO to determine whether you may be eligible to receive such further information or purchase or subscribe for any securities or other financial instruments.

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