GMO Global Asset Allocation III Fund (GMWAX - Free Report) seeks return higher than its benchmark, the GMO Global Asset Allocation Index. This index consists of 35% in Bloomberg Barclays U.S. Aggregate and 65% in MSCI ACWIindices.
This Allocation Balanced product has a history of positive total returns for over 10 years. Specifically, the fund’s returns over the 3, 5 year benchmarks; 3 year 4.5% and 5 year 6.1%. To see how this fund performed compared in its category, and other #1 and #2 Ranked Mutual Funds, please click here.
The GMO Global Asset Allocation III fund, as of the last filing, allocates their fund in top two major groups; Foreign Stock and Emerging Market. Further, as of the last filing, GMO International Equity IV, GMO Emerging Markets VI and GMO Asset Allocation Bond VI were the top holdings for GMWAX.
This Zacks Rank #2 (Buy) was incepted in October 1996 and is managed by GMO. GMWAX carries an expense ratio of 0.58% and requires a minimal initial investment of $10,000,000.
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