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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, 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 Inception Date June 28, 1996
CUSIP 362007171
Benchmark GMO Global Asset Allocation Index
Fund Total Assets as of 31/03/2024 $367mm USD

Share Class III

Inception Date October 22, 1996
Ticker Symbol GMWAX
CUSIP 362007171
NAV as of 15/04/2024 32.18
Net Expense Ratio 1 0.68
Gross Expense Ratio 2 0.73
Minimum Investment Size $1mm in GMO

1 Net Expense Ratio reflects the reduction of expenses from fee reimbursements. The fee reimbursements will continue until at least June 30, 2024. 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, 2023.

Performance

Quarter-End as of March 31, 2024(USD, %) | Global Asset Alloc. Fund-III

Table Caption
1-Year 3-Year 5-Year 10-Year
Global Asset Allocation Fund 15.15 2.47 5.55 4.28
GMO Global Asset Allocation Index 15.32 3.73 7.39 6.34
  • Global Asset Allocation Fund 1
  • GMO Global Asset Allocation Index

Inception Date: October 22, 1996

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. The local market in which the Fund is priced was closed for Good Friday on March 29, 2024. Therefore, the performance for the fund and corresponding benchmark will utilize March 28 for purposes of the ending valuation for the March return and the starting valuation for the April return.

1 Performance information prior to June 30, 2002, was achieved prior to a change in the Funds principal investment strategies. From its inception until June 28, 2002, the GMO Global Asset Allocation Fund was named the GMO World Equity Allocation Fund and was benchmarked against the MSCI All Country World Index, primarily investing in equities. On June 28, 2002, the Fund changed principal investment strategies.

Quarter-End as of March 31, 2024(USD, %) | Global Asset Alloc. Fund-III

Table Caption
QTD YTD 1-Year 3-Year 5-Year 10-Year
Global Asset Allocation Fund 3.73 3.73 15.15 2.47 5.55 4.28
GMO Global Asset Allocation Index 4.98 4.98 15.32 3.73 7.39 6.34
  • Global Asset Allocation Fund 1
  • GMO Global Asset Allocation Index

Inception Date: October 22, 1996

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. The local market in which the Fund is priced was closed for Good Friday on March 29, 2024. Therefore, the performance for the fund and corresponding benchmark will utilize March 28 for purposes of the ending valuation for the March return and the starting valuation for the April return.

1 Performance information prior to June 30, 2002, was achieved prior to a change in the Funds principal investment strategies. From its inception until June 28, 2002, the GMO Global Asset Allocation Fund was named the GMO World Equity Allocation Fund and was benchmarked against the MSCI All Country World Index, primarily investing in equities. On June 28, 2002, the Fund changed principal investment strategies.

Quarter-End as of March 31, 2024(USD, %) | Global Asset Alloc. Fund-III

Table Caption
QTD YTD 1-Year 3-Year 5-Year 10-Year
Global Asset Allocation Fund 3.88 3.88 15.80 3.05 6.14 4.83
GMO Global Asset Allocation Index 4.98 4.98 15.32 3.73 7.39 6.34
  • Global Asset Allocation Fund 1
  • GMO Global Asset Allocation Index

Inception Date: October 22, 1996

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. The local market in which the Fund is priced was closed for Good Friday on March 29, 2024. Therefore, the performance for the fund and corresponding benchmark will utilize March 28 for purposes of the ending valuation for the March return and the starting valuation for the April return.

1 Performance information prior to June 30, 2002, was achieved prior to a change in the Funds principal investment strategies. From its inception until June 28, 2002, the GMO Global Asset Allocation Fund was named the GMO World Equity Allocation Fund and was benchmarked against the MSCI All Country World Index, primarily investing in equities. On June 28, 2002, the Fund changed principal investment strategies.

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

Table Caption
MTD QTD YTD 1-Year 3-Year 5-Year 10-Year
Global Asset Allocation Fund 2.77 3.73 3.73 15.15 2.47 5.55 4.28
GMO Global Asset Allocation Index 2.33 4.98 4.98 15.32 3.73 7.39 6.34
  • Global Asset Allocation Fund 1
  • GMO Global Asset Allocation Index

Inception Date: October 22, 1996

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. The local market in which the Fund is priced was closed for Good Friday on March 29, 2024. Therefore, the performance for the fund and corresponding benchmark will utilize March 28 for purposes of the ending valuation for the March return and the starting valuation for the April return.

1 Performance information prior to June 30, 2002, was achieved prior to a change in the Funds principal investment strategies. From its inception until June 28, 2002, the GMO Global Asset Allocation Fund was named the GMO World Equity Allocation Fund and was benchmarked against the MSCI All Country World Index, primarily investing in equities. On June 28, 2002, the Fund changed principal investment strategies.

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

Table Caption
MTD QTD YTD 1-Year 3-Year 5-Year 10-Year
Global Asset Allocation Fund 2.81 3.88 3.88 15.80 3.05 6.14 4.83
GMO Global Asset Allocation Index 2.33 4.98 4.98 15.32 3.73 7.39 6.34
  • Global Asset Allocation Fund 1
  • GMO Global Asset Allocation Index

Inception Date: October 22, 1996

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. The local market in which the Fund is priced was closed for Good Friday on March 29, 2024. Therefore, the performance for the fund and corresponding benchmark will utilize March 28 for purposes of the ending valuation for the March return and the starting valuation for the April return.

1 Performance information prior to June 30, 2002, was achieved prior to a change in the Funds principal investment strategies. From its inception until June 28, 2002, the GMO Global Asset Allocation Fund was named the GMO World Equity Allocation Fund and was benchmarked against the MSCI All Country World Index, primarily investing in equities. On June 28, 2002, the Fund changed principal investment strategies.

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

Calendar
Global Asset Allocation Fund GMO Global Asset Allocation Index
2023 16.14 16.21
2022 -12.68 -16.30
2021 7.03 11.22
2020 6.14 13.90
2019 17.69 20.31
2018 -7.26 -6.00
2017 15.73 16.45
2016 5.64 6.17
2015 -4.27 -1.13
2014 1.31 4.87
  • Global Asset Allocation Fund 1
  • GMO Global Asset Allocation Index

Inception Date: October 22, 1996

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. The local market in which the Fund is priced was closed for Good Friday on March 29, 2024. Therefore, the performance for the fund and corresponding benchmark will utilize March 28 for purposes of the ending valuation for the March return and the starting valuation for the April return.

1 Performance information prior to June 30, 2002, was achieved prior to a change in the Funds principal investment strategies. From its inception until June 28, 2002, the GMO Global Asset Allocation Fund was named the GMO World Equity Allocation Fund and was benchmarked against the MSCI All Country World Index, primarily investing in equities. On June 28, 2002, the Fund changed principal investment strategies.

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

Calendar
Global Asset Allocation Fund GMO Global Asset Allocation Index
2023 16.79 16.21
2022 -12.18 -16.30
2021 7.65 11.22
2020 6.73 13.90
2019 18.31 20.31
2018 -6.80 -6.00
2017 16.28 16.45
2016 6.14 6.17
2015 -3.80 -1.13
2014 1.81 4.87
  • Global Asset Allocation Fund 1
  • GMO Global Asset Allocation Index

Inception Date: October 22, 1996

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. The local market in which the Fund is priced was closed for Good Friday on March 29, 2024. Therefore, the performance for the fund and corresponding benchmark will utilize March 28 for purposes of the ending valuation for the March return and the starting valuation for the April return.

1 Performance information prior to June 30, 2002, was achieved prior to a change in the Funds principal investment strategies. From its inception until June 28, 2002, the GMO Global Asset Allocation Fund was named the GMO World Equity Allocation Fund and was benchmarked against the MSCI All Country World Index, primarily investing in equities. On June 28, 2002, the Fund changed principal investment strategies.

Documents

Literature

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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
Semiannual Report Download
NAVs and Distributions Download
Tax-Related Distribution Information Download
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Document Library

Risks

Risks associated with investing in the Fund may include: (1) Market Risk - Equities: The market price of an equity may decline due to factors affecting the issuer or its industry 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 (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.