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Departures at GMO Spur Fund Downgrade

A manager change and organizational stress at GMO have led us to downgrade GMO Benchmark-Free Allocation from Silver to Bronze.

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The following is our latest Fund Analyst Report for GMO Benchmark-Free Allocation (GBMFX). Morningstar Premium Members have access to full analyst reports such as this for more than 1,000 of the largest and best mutual funds. Not a Premium Member? Gain full access to our analyst reports and advanced tools immediately when you try Morningstar Premium free for 14 days.

We have downgraded GMO Benchmark-Free Allocation's Morningstar Analyst Rating to Bronze from Silver because of a manager change and organizational stress at the firm. On June 2, 2016, GMO announced that Sam Wilderman will leave the firm on Dec. 31, 2016. Wilderman joined GMO 20 years ago and became co-head of asset allocation in 2012. As comanager of this fund, he helped implement investment ideas and put structure behind the 24-person asset-allocation team. His departure represents a loss for investors. Ben Inker, this fund's longtime lead manager, will become the sole head of asset allocation upon Wilderman's exit.

Leo Acheson does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.