GMO’s multi-asset team remains staunchly committed to its value-centric approach, but that rigidity has led to missteps in recent years. That, combined with rising fees, drive a Morningstar Analyst Rating downgrade to Neutral for all of GMO Benchmark Free’s share classes.
GMO Benchmark-Free Allocation III GBMFX
NAV / 1-Day Return
23.43
/
1.31
%
Total Assets
4.5 Bil
Adj. Expense Ratio
1.110%
Expense Ratio
1.110%
Fee Level
High
Longest Manager Tenure
19.18
years
Category
Global Allocation
Investment Style
Large ValueCredit Quality / Interest Rate Sensitivity
—Status
Open
TTM Yield
2.61%
Turnover
—
Morningstar’s Fund Analysis GBMFX
Will GBMFX outperform in 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 GBMFX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the GBMFX 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 GBMFX’s parent organization’s priorities and whether they’re in line with investors’ interests.
Consistently out of step.
