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GMO Quality Cyclicals Fund
mutual fund
GMAEX
Payout Change
Pending
Price as of:
$24.71
-0.07
-0.28%
primary theme
N/A
share class
GMAEX (Mutual Fund)
GMO Quality Cyclicals Fund
Payout Change
Pending
Price as of:
$24.71
-0.07
-0.28%
primary theme
N/A
share class
GMAEX (Mutual Fund)
GMO Quality Cyclicals Fund
Payout Change
Pending
Price as of:
$24.71
-0.07
-0.28%
primary theme
N/A
share class
Name
As of 12/09/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
10.0%
1 yr return
16.9%
3 Yr Avg Return
6.3%
5 Yr Avg Return
N/A
Net Assets
$79.8 M
Holdings in Top 10
36.2%
52 WEEK LOW AND HIGH
$24.8
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.58%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
$750,000,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/09/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
GMAEX - Profile
Distributions
- YTD Total Return 10.0%
- 3 Yr Annualized Total Return 6.3%
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 2.20%
- Dividend Yield 0.4%
- Dividend Distribution Frequency SemiAnnual
Fund Details
-
Legal NameGMO Quality Cyclicals Fund
-
Fund Family NameGMO Mutual Funds
-
Inception DateMay 12, 2020
-
Shares OutstandingN/A
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerAnthony Hene
Fund Description
GMO seeks to achieve the Fund’s investment objective by investing the Fund’s assets in companies exposed to economic cycles that GMO believes are of higher quality than their industry peers. GMO believes that higher quality cyclical companies are more likely to withstand declining economic conditions and to thrive when economic conditions improve. The Fund is expected to invest in U.S. and non-U.S. equities, including emerging market equities.In selecting securities for the Fund, GMO uses a combination of investment methods, typically considering both systematic factors, based on profitability, profit stability, leverage, and other publicly available financial information, and judgmental factors, based on GMO’s assessment of future profitability, capital allocation, growth opportunities, and sustainability against competitive forces. GMO also may rely on valuation methodologies, such as discounted cash flow analysis and multiples of price to earnings, revenues, book values or other fundamental metrics. The Fund also is permitted to invest directly and indirectly (e.g., through underlying funds or derivatives) in equities of companies tied economically to any country in the world, including emerging countries.At times, the Fund may have substantial exposure to a single asset class, industry, sector, country, region, issuer, or currency and companies with similar market capitalizations. The Fund may invest in securities of companies of any market capitalization. The factors GMO considers and investment methods GMO uses can change over time. GMO does not manage the Fund to, or control the Fund’s risk relative to, any securities index or securities benchmark.As an alternative to investing directly in equities, the Fund may invest in exchange-traded and over-the-counter (OTC) derivatives and exchange- traded funds (ETFs). The Fund also may invest in derivatives and ETFs in an attempt to obtain or adjust elements of its long or short investment exposure. Derivatives used may include futures, options, forward currency contracts, and swap contracts. In addition, the Fund may lend its portfolio securities.The Fund also may invest in U.S. Treasury Fund, in money market funds unaffiliated with GMO, and directly in the types of investments typically held by money market funds.
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GMAEX - Performance
Return Ranking - Trailing
| Period | GMAEX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 10.0% | -35.6% | 29.2% | 7.27% |
| 1 Yr | 16.9% | 17.3% | 252.4% | N/A |
| 3 Yr | 6.3%* | -3.5% | 34.6% | N/A |
| 5 Yr | N/A* | 0.1% | 32.7% | N/A |
| 10 Yr | N/A* | -6.9% | 18.3% | N/A |
* Annualized
Return Ranking - Calendar
| Period | GMAEX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 11.9% | -24.3% | 957.1% | N/A |
| 2022 | -22.6% | -38.3% | 47.1% | N/A |
| 2021 | -7.0% | -54.2% | 0.6% | N/A |
| 2020 | N/A | -76.0% | 54.1% | N/A |
| 2019 | N/A | -26.1% | 47.8% | N/A |
Total Return Ranking - Trailing
| Period | GMAEX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 10.0% | -35.6% | 29.2% | 7.27% |
| 1 Yr | 16.9% | 11.4% | 252.4% | N/A |
| 3 Yr | 6.3%* | -3.5% | 34.6% | N/A |
| 5 Yr | N/A* | 0.1% | 32.7% | N/A |
| 10 Yr | N/A* | -6.9% | 18.3% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | GMAEX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 22.0% | -24.3% | 957.1% | N/A |
| 2022 | -12.6% | -33.1% | 47.1% | N/A |
| 2021 | 9.8% | -44.4% | 1.8% | N/A |
| 2020 | N/A | -6.5% | 54.1% | N/A |
| 2019 | N/A | -14.4% | 47.8% | N/A |
NAV & Total Return History
GMAEX - Holdings
Concentration Analysis
| GMAEX | Category Low | Category High | GMAEX % Rank | |
|---|---|---|---|---|
| Net Assets | 79.8 M | 199 K | 133 B | 66.78% |
| Number of Holdings | 49 | 1 | 9075 | N/A |
| Net Assets in Top 10 | 28.4 M | -18 M | 37.6 B | N/A |
| Weighting of Top 10 | 36.15% | 9.1% | 100.0% | N/A |
Top 10 Holdings
- Intercontinental Exchange Inc 4.30%
- Industria de Diseno Textil SA 4.01%
- Booking Holdings Inc 3.86%
- Compass Group PLC 3.83%
- American Express Co 3.76%
- Safran SA 3.55%
- Wells Fargo Co 3.51%
- Brookfield Corp 3.25%
- Meta Platforms Inc 3.11%
- EOG Resources Inc 2.99%
Asset Allocation
| Weighting | Return Low | Return High | GMAEX % Rank | |
|---|---|---|---|---|
| Stocks | 98.83% | 61.84% | 125.47% | N/A |
| Preferred Stocks | 0.97% | -0.01% | 5.28% | N/A |
| Cash | 0.19% | -174.70% | 23.12% | N/A |
| Other | 0.00% | -13.98% | 19.14% | N/A |
| Convertible Bonds | 0.00% | 0.00% | 4.46% | N/A |
| Bonds | 0.00% | -1.50% | 161.67% | N/A |
Stock Sector Breakdown
| Weighting | Return Low | Return High | GMAEX % Rank | |
|---|---|---|---|---|
| Consumer Cyclical | 32.37% | 0.00% | 40.94% | N/A |
| Financial Services | 20.35% | 0.00% | 38.42% | N/A |
| Energy | 11.58% | 0.00% | 21.15% | N/A |
| Industrials | 10.99% | 0.00% | 44.06% | N/A |
| Basic Materials | 9.24% | 0.00% | 38.60% | N/A |
| Consumer Defense | 8.48% | 0.00% | 73.28% | N/A |
| Technology | 5.60% | 0.00% | 49.87% | N/A |
| Communication Services | 1.41% | 0.00% | 57.66% | N/A |
| Utilities | 0.00% | 0.00% | 29.12% | N/A |
| Real Estate | 0.00% | 0.00% | 39.48% | N/A |
| Healthcare | 0.00% | 0.00% | 35.42% | N/A |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | GMAEX % Rank | |
|---|---|---|---|---|
| US | 61.18% | 0.13% | 103.82% | N/A |
| Non US | 37.65% | 0.58% | 99.46% | N/A |
GMAEX - Expenses
Operational Fees
| GMAEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.58% | 0.01% | 44.27% | N/A |
| Management Fee | 0.39% | 0.00% | 1.82% | 16.30% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.01% | 0.76% | N/A |
Sales Fees
| GMAEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 2.50% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| GMAEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| GMAEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | N/A | 0.00% | 395.00% | N/A |
GMAEX - Distributions
Dividend Yield Analysis
| GMAEX | Category Low | Category High | GMAEX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.41% | 0.00% | 3.26% | 83.81% |
Dividend Distribution Analysis
| GMAEX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | SemiAnnual | Annually | Annually | Annually |
Net Income Ratio Analysis
| GMAEX | Category Low | Category High | GMAEX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 2.20% | -4.27% | 12.65% | N/A |
Capital Gain Distribution Analysis
| GMAEX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Semi-Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 12, 2023 | $0.241 | OrdinaryDividend |
| Dec 12, 2023 | $0.630 | CapitalGainLongTerm |
| Jul 11, 2023 | $0.037 | CapitalGainShortTerm |
| Jul 11, 2023 | $1.002 | CapitalGainLongTerm |
| Dec 13, 2022 | $1.819 | OrdinaryDividend |
| Jul 12, 2022 | $0.770 | OrdinaryDividend |
| Dec 14, 2021 | $0.492 | OrdinaryDividend |
| Dec 14, 2021 | $1.421 | CapitalGainShortTerm |
| Dec 14, 2021 | $1.094 | CapitalGainLongTerm |
| Jul 07, 2021 | $0.598 | OrdinaryDividend |
| Jul 07, 2021 | $0.951 | CapitalGainShortTerm |
| Dec 14, 2020 | $1.549 | OrdinaryDividend |
GMAEX - Fund Manager Analysis
Managers
Anthony Hene
Start Date
Tenure
Tenure Rank
Jun 30, 2020
1.92
1.9%
Mr. Hene is co-portfolio manager for the Quality Strategy. He is a member of the Focused Equity team and a partner of the firm. Previously at GMO, he was engaged in portfolio management within the Global Equity team. Mr. Hene joined GMO full-time in 1995. He has an MSc in Biochemistry from the University of Oxford and is a CFA charterholder.
Ty Cobb
Start Date
Tenure
Tenure Rank
Jun 30, 2020
1.92
1.9%
Mr. Cobb is engaged in portfolio management and research within GMO's Focused Equity team and is a partner of the firm. Previously at GMO, he led the fundamental research group for the Global Equity team. Prior to joining GMO in 1997, he worked at Brown Brothers Harriman. Mr. Cobb received a B.A. in Economics/Russian Language from Bucknell University and an M.S. in Finance from Suffolk University. He is a CFA charterholder.
Thomas Hancock
Start Date
Tenure
Tenure Rank
Jun 30, 2020
1.92
1.9%
Dr. Hancock is the head of GMO's Focused Equity team and the portfolio manager for the Quality Strategy. Previously, at GMO, he was co-head of the Global Equity team. He is a partner of the firm. Prior to joining GMO in 1995, he was a research analyst at Siemens and a software engineer at IBM. Dr. Hancock holds a Ph.D. in Computer Science from Harvard University and B.S. and M.S. degrees from Rensselaer Polytechnic Institute.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.01 | 35.82 | 6.24 | 1.25 |
