Morningstar

GMO Opportunistic Income Fund Class R6 GAAAX

Morningstar Medalist Rating
Medalist Rating as of | See GMO Investment Hub
  • NAV / 1-Day Return 23.71  /  −0.08 %
  • Total Assets 1.3B
  • Adj. Expense Ratio
    0.580%
  • Expense Ratio 0.580%
  • Distribution Fee Level Average
  • Share Class Type Retirement, Large
  • Category Securitized Bond - Diversified
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 0
  • Status Open
  • TTM Yield 4.96%
  • Effective Duration 2.23 years

USD | NAV as of Oct 03, 2026 | 1-Day Return as of Oct 03, 2026, 12:11 AM GMT+0

Morningstar’s Analysis GAAAX

Will GAAAX outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable GAAAX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the GAAAX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of GAAAX’s parent organization’s priorities and whether they’re in line with investors’ interests.

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

GMO Opportunistic Income R6 holds a quantitatively derived Neutral Morningstar Medalist Rating. The rating suggests the model does not express a clear expectation of outperformance or underperformance relative to peers over a full market cycle.

by Morningstar Automated Analysis
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Portfolio Holdings GAAAX

More GAAAX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 48.3
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Contra Derivatives - Swaps

19.58 249M
Cash and Equivalents

2 Year Treasury Note Future Dec 26

19.33 246M
Government

United States Treasury Notes 3.90527%

12.08 154M
Government

Repo For R 3.66

11.79 150M
Cash and Equivalents

Cds: (Itraxx.Eur.42 12-100%)

7.38 94M
Derivative

10 Year Treasury Note Future Dec 26

6.64 85M
Government

Cds: (Itraxx.Eur.44 12-100%)

3.72 47M
Derivative

2y Rtr 4.130000 28-Jan-2027

2.65 34M
Derivative

Contra Derivatives - Swaptions

2.64 34M
Derivative

Cds: (Itraxx.Xo.44 35-100%)

2.54 32M
Derivative

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