Overview

The GMO Tax-Managed Benchmark-Free Strategy seeks annualized after-tax returns greater than 5% nominal (net of fees) over the Consumer Price Index and also seeks after-tax returns in excess of a custom tax-adjusted benchmark of 70% MSCI All Country World Index and 30% Bloomberg Barclays Municipal Bond 7-Year (6-8) Index.

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

Performance

Documents

Literature

Fact Sheet Download
Product Primer Download
GIPS Composite Descriptions Download
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Downloads

Performance Download
Portfolio Composition 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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Risks

Risks associated with investing in the Strategy may include Tax-Management Risks, Equities Risks, Fixed Income Risks, Municipal Securities Risks, and Risks of Non-U.S. Investments.