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Morningstar

GMO SGM Major Markets III GSMFX

Morningstar Medalist Rating
Medalist Rating as of | See GMO Investment Hub
  • NAV / 1-Day Return 24.24  /  0.12 %
  • Total Assets 34.7 Mil
  • Adj. Expense Ratio
    1.020%
  • Expense Ratio 1.020%
  • Distribution Fee Level Below Average
  • Share Class Type Institutional
  • Category Macro Trading
  • Alt Style Correlation / Relative Volatility Low / Medium
  • Min. Initial Investment 5,000,000
  • Status Open
  • TTM Yield 5.53%
  • Turnover 69%

USD | NAV as of Sep 29, 2023 | 1-Day Return as of Sep 29, 2023, 11:17 PM GMT+0

Morningstar’s Analysis GSMFX

Will GSMFX 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 GSMFX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the GSMFX 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 GSMFX’s parent organization’s priorities and whether they’re in line with investors’ interests.

An uncorrelated strategy showing more qualitative than quantitative insights.

Director Simon Scott

Simon Scott

Director

Summary

GMO SGM Major Markets utilizes a well-thought out portfolio construction technique but is more akin to global tactical allocation than quantitative macro peers. It earns a Morningstar Analyst Rating of Neutral across all share classes.

by Simon Scott
Rated on Published on

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Portfolio Holdings GSMFX

More GSMFX Holdings
  • Current Portfolio Date
  • Equity Holdings 7
  • Bond Holdings 12
  • Other Holdings 88
  • % Assets in Top 10 Holdings 57.4
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

United States Treasury Notes 0.13%

34.41
46,284,133
Government

United States Treasury Notes 4.73%

26.80
36,045,319
Government

MSCI Emerging Markets Index Future Mar 23

23.73
31,920,135
—

United States Treasury Notes 4.95%

14.88
20,014,932
Government

Purchased Eur / Sold Usd Purchased

13.19
17,746,212
Derivative

FTSE 100 Index Future Mar 23

12.36
16,629,153
—

Purchased Usd / Sold Chf Purchased

11.40
15,332,979
Derivative

Trswap: Ndugeafe Index_

7.97
10,726,513
—

Trswap: Nduveafe Index_

7.63
10,262,400
—

Trswap: Nduveafe Index_

6.55
8,804,379
—