NasdaqGM - Delayed Quote USD

GMO Opportunistic Income Fund (GMOLX)

24.42 +0.03 (+0.12%)
At close: 8:00 PM EDT

Fund Summary

The fund invests primarily in securitized credit securities. It also may invest in other fixed-income instruments, including, without limitation, bonds and other similar instruments issued or guaranteed by the U.S. government and its agencies and instrumentalities, by non-U.S. governments and their agencies and instrumentalities and by private sector entities. The fund's allocation of its assets into various asset classes within the fixed income market will depend on the views of GMO as to the best value relative to what is currently available in the market.

GMO Opportunistic Income Fund

Boston MA 02110
40 Rowes Wharf
6173307500

Fund Overview

Category Nontraditional Bond
Fund Family GMO
Net Assets 1.58B
YTD Return 4.88%
Yield 8.18%
Morningstar Rating
Inception Date Nov 05, 2019

Fund Operations

Last Dividend 0.80
Last Cap Gain -10.00
Holdings Turnover 160.00%
Average for Category --

Fees & Expenses

Expense GMOLX Category Average
Annual Report Expense Ratio (net) 0.67% 1.23%
Prospectus Net Expense Ratio 0.67% --
Prospectus Gross Expense Ratio 0.71% --
Max 12b1 Fee -- --
Max Front End Sales Load -- 4.11%
Max Deferred Sales Load -- 1.17%
3 Yr Expense Projection 0 --
5 Yr Expense Projection 0 --
10 Yr Expense Projection 0 --

Management Information

Mr. Nabet is a portfolio manager for GMO's Opportunistic Income Strategy. He is a member of GMO’s Structured Products team, also contributing research focused on commercial mortgage-backed securities. Prior to joining GMO in 2015, Ben was Director of Global Arbitrage Trading and previously the Vice President of Global Arbitrage and Trading at RBC Capital Markets. He earned his engineering degree in Control and Dynamical Systems from Ecole Nationale de l'Aviation Civile (ENAC), in Toulouse, France. He received his PhD and MA in Mechanical and Aerospace Engineering from Princeton University.

Morningstar Style Box

Morningstar Category

While the investment objective stated in a fund's prospectus may or may not reflect how the fund actually invests, the Morningstar category is assigned based on the underlying securities in each portfolio. Morningstar categories help investors and investment professionals make meaningful comparisons between funds. The categories make it easier to build well-diversified portfolios, assess potential risk, and identify top-performing funds. We place funds in a given category based on their portfolio statistics and compositions over the past three years. If the fund is new and has no portfolio history, we estimate where it will fall before giving it a more permanent category assignment. When necessary, we may change a category assignment based on recent changes to the portfolio.

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