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Trending ETFs

GMO-Usonian Japan Value Creation Fund

mutual fund
GMIIX
Payout Change
Pending
Price as of:
$20.56 -0.06 -0.29%
primary theme
Japan Equity
share class
I (GMIIX) Other (GMAHX) Other (GMAKX)
GMIIX (Mutual Fund)

GMO-Usonian Japan Value Creation Fund

Payout Change
Pending
Price as of:
$20.56 -0.06 -0.29%
primary theme
Japan Equity
share class
I (GMIIX) Other (GMAHX) Other (GMAKX)
GMIIX (Mutual Fund)

GMO-Usonian Japan Value Creation Fund

Payout Change
Pending
Price as of:
$20.56 -0.06 -0.29%
primary theme
Japan Equity
share class
I (GMIIX) Other (GMAHX) Other (GMAKX)

Name

As of 12/10/2024

Price

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

GMO-Usonian Japan Value Creation Fund

GMIIX | Fund

$20.56

$113 M

2.12%

$0.44

0.96%

Vitals

YTD Return

10.0%

1 yr return

13.0%

3 Yr Avg Return

4.6%

5 Yr Avg Return

N/A

Net Assets

$113 M

Holdings in Top 10

38.8%

52 WEEK LOW AND HIGH

$20.6
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.96%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A

Min Investment

Standard (Taxable)

$0

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 12/10/2024

Price

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

GMO-Usonian Japan Value Creation Fund

GMIIX | Fund

$20.56

$113 M

2.12%

$0.44

0.96%

GMIIX - Profile

Distributions

  • YTD Total Return 10.0%
  • 3 Yr Annualized Total Return 4.6%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 0.79%
DIVIDENDS
  • Dividend Yield 2.1%
  • Dividend Distribution Frequency SemiAnnual

Fund Details

  • Legal Name
    GMO-Usonian Japan Value Creation Fund
  • Fund Family Name
    GMO Mutual Funds
  • Inception Date
    Jun 07, 2021
  • Shares Outstanding
    N/A
  • Share Class
    I
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Drew Edwards

Fund Description

GMO seeks to achieve the Fund’s investment objective by investing the Fund’s assets primarily in equity securities of Japanese companies and companies tied economically to Japan that are profitable and that GMO believes are attractively valued and conservatively capitalized.In selecting securities for the Fund, GMO uses a bottom-up approach that seeks to identify established companies with attractive valuations. That approach takes into account both systematic factors, such as profitability, profit stability and leverage, and judgmental factors, such as GMO’s assessment of a company’s management (through management engagement and other forms of research), business strategies and key risks. GMO monitors macroeconomic, social, political, and regulatory developments, including the potential impact of those developments on a company’s future prospects. In addition, GMO may consider ESG (environmental, social, and governance) criteria when evaluating Fund investments and may engage with management to seek to increase value.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 benchmark. In addition to having substantial exposure to Japanese securities (and the Japanese yen), at times the Fund may have substantial exposure to a single issuer, asset class, sector, industry or region, or companies with similar market capitalizations.As an alternative to investing directly in common stock, the Fund may invest in exchange-traded funds (ETFs). The Fund also may invest in American Depositary Receipts, European Depositary Receipts and Global Depositary Receipts.Under normal circumstances, the Fund invests directly and indirectly (e.g., through underlying funds or derivatives) at least 80% of its assets in securities of companies tied economically to Japan (see “Name Policies”).The Fund also may invest in GMO 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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GMIIX - Performance

Return Ranking - Trailing

Period GMIIX Return Category Return Low Category Return High Rank in Category (%)
YTD 10.0% 2.4% 27.3% 65.79%
1 Yr 13.0% 6.6% 30.2% 73.68%
3 Yr 4.6%* -11.5% 24.7% 24.32%
5 Yr N/A* -4.8% 18.4% N/A
10 Yr N/A* 0.9% 11.6% N/A

* Annualized

Return Ranking - Calendar

Period GMIIX Return Category Return Low Category Return High Rank in Category (%)
2023 16.2% 0.0% 36.8% 47.37%
2022 -17.8% -34.0% 2.8% 40.54%
2021 N/A -15.7% 14.9% N/A
2020 N/A -6.2% 31.2% N/A
2019 N/A 4.7% 24.4% N/A

Total Return Ranking - Trailing

Period GMIIX Return Category Return Low Category Return High Rank in Category (%)
YTD 10.0% 2.4% 27.3% 65.79%
1 Yr 13.0% 6.6% 30.2% 73.68%
3 Yr 4.6%* -11.5% 24.7% 24.32%
5 Yr N/A* -4.8% 18.4% N/A
10 Yr N/A* 0.9% 11.6% N/A

* Annualized

Total Return Ranking - Calendar

Period GMIIX Return Category Return Low Category Return High Rank in Category (%)
2023 21.6% 2.0% 42.0% 34.21%
2022 -12.9% -32.8% 5.9% 32.43%
2021 N/A -15.1% 18.0% N/A
2020 N/A -3.2% 34.7% N/A
2019 N/A 7.7% 26.7% N/A

NAV & Total Return History

GMIIX - Holdings

Concentration Analysis

GMIIX Category Low Category High GMIIX % Rank
Net Assets 113 M 5.91 M 16.7 B 73.68%
Number of Holdings 36 27 1791 86.84%
Net Assets in Top 10 73.8 M 2.5 M 4.17 B 63.16%
Weighting of Top 10 38.80% 3.5% 141.4% 26.32%

Top 10 Holdings

  1. NH Foods Ltd 4.50%
  2. Mitsubishi Electric Corp 4.38%
  3. H.U. Group Holdings Inc 4.12%
  4. Sumitomo Mitsui Financial Group Inc 3.95%
  5. Sumitomo Mitsui Trust Holdings Inc 3.84%
  6. TD Holdings Inc 3.76%
  7. Kanematsu Corp 3.67%
  8. Isuzu Motors Ltd 3.64%
  9. Sega Sammy Holdings Inc 3.57%
  10. FUJIFILM Holdings Corp 3.37%

Asset Allocation

Weighting Return Low Return High GMIIX % Rank
Stocks 		99.87% 94.34% 102.16% 21.05%
Cash 		0.13% 0.02% 38.84% 92.11%
Preferred Stocks 		0.00% 0.00% 0.67% 21.05%
Other 		0.00% -2.22% 19.35% 23.68%
Convertible Bonds 		0.00% 0.00% 0.00% 13.16%
Bonds 		0.00% 0.00% 3.97% 18.42%

Stock Sector Breakdown

Weighting Return Low Return High GMIIX % Rank
Industrials 		25.37% 13.72% 39.39% 39.47%
Consumer Cyclical 		16.18% 8.09% 22.65% 28.95%
Financial Services 		14.18% 1.08% 17.47% 10.53%
Technology 		12.31% 4.23% 23.51% 84.21%
Consumer Defense 		10.59% 1.07% 10.59% 5.26%
Basic Materials 		9.61% 0.00% 14.36% 23.68%
Communication Services 		5.08% 1.01% 15.74% 71.05%
Healthcare 		4.15% 1.47% 18.00% 86.84%
Real Estate 		2.55% 0.00% 11.26% 47.37%
Utilities 		0.00% 0.00% 4.17% 63.16%
Energy 		0.00% 0.00% 6.19% 73.68%

Stock Geographic Breakdown

Weighting Return Low Return High GMIIX % Rank
Non US 		97.85% 0.00% 100.29% 78.95%
US 		2.03% 0.00% 102.16% 10.53%

GMIIX - Expenses

Operational Fees

GMIIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.96% 0.09% 3.46% 36.84%
Management Fee 0.65% 0.09% 0.90% 47.37%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.15% 0.20% N/A

Sales Fees

GMIIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% N/A
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

GMIIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 2.00% 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.

GMIIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 2.95% 70.30% 89.47%

GMIIX - Distributions

Dividend Yield Analysis

GMIIX Category Low Category High GMIIX % Rank
Dividend Yield 2.12% 0.00% 21.26% 15.79%

Dividend Distribution Analysis

GMIIX Category Low Category High Category Mod
Dividend Distribution Frequency SemiAnnual Annual SemiAnnual Annual

Net Income Ratio Analysis

GMIIX Category Low Category High GMIIX % Rank
Net Income Ratio 0.79% -0.63% 2.45% 52.63%

Capital Gain Distribution Analysis

GMIIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Distributions History

View More +

GMIIX - Fund Manager Analysis

Managers

Drew Edwards

Start Date

Tenure

Tenure Rank

Aug 14, 2020

1.79

1.8%

Drew Edwards, JD, MBA, Head, Usonian Japan Equity Team, GMO. Prior to joining GMO in August 2020, Mr. Edwards was the Chief Executive Officer, Chief Investment Officer and Portfolio Manager for Usonian Investments LLC. Prior to Usonian Investments, he was managing director and portfolio manager at Advisory Research, Inc. Prior to Advisory Research, Drew was an investment professional at Taiyo Pacific Partners, an activist fund backed by CalPERS and W. L. Ross that focuses on Japanese equities. Before Taiyo, he worked as an investment banker at Lehman Brothers and as a finance executive in the healthcare industry. Drew holds a B.A. in International Business from Sophia University (Tokyo) and an M.B.A. and J.D. from Northwestern University. Drew is proficient in Japanese.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 24.43 7.11 8.25

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