Fund Evaluator:
GMO Global Equity Allocation R6 (GMADX)
Follow This Fund
Best Performing in Global Large-Stock Value Over the Last Year
| 56.1% | Vanguard Global Capital Cycles Investor (VGPMX) |
| 42.0% | LSV Global Value Investor (LVAGX) |
| 41.4% | AMG Yacktman Focused N (YAFFX) |
| 40.1% | Polaris Global Value (PGVFX) |
| 35.3% | T. Rowe Price Glbl Val Eq (TRGVX) |
Fund Details
GMO Global Equity Allocation R6 Overview
GMO Global Equity Allocation R6 (GMADX) is an actively managed International Equity Global Large-Stock Value fund. GMO launched the fund in 2020.
The investment seeks total return greater than MSCI ACWI Index. The fund is a fund of funds and invests primarily in equities traded in U.S. and non-U.S. markets through its investment in the equity funds and GMO-managed exchange-traded funds. Under normal circumstances, the fund invests at least 80% of its assets in equities. It may invest in securities of companies of any market capitalization. In addition, the fund may lend its portfolio securities. The fund also may invest in U.S. Treasury funds, in money market funds unaffiliated with GMO, and directly in the types of investments typically held by money market funds.
About GMO Global Equity Allocation R6 (GMADX)
There are 2 members of the management team with an average tenure of 18.40 years: John Thorndike (2019), Ben Inker (1996). Management tenure is more important for actively managed funds than passive index funds.
The fund has 3 primary benchmarks: MSCI ACWI NR USD index with a weighting of 100%, S&P 500 (TR) index with a weighting of 75% and MSCI ACWI Ex USA NR USD index with a weighting of 25%. GMO Global Equity Allocation R6 has 21 securities in its portfolio. The top 10 holdings constitute 94.5% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
GMO Global Equity Allocation R6 is part of the Equity global asset class and is within the International Equity fund group. GMO Global Equity Allocation R6 has 55.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 40.0%. There is 55.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 1.2% (1.2% domestic bond, 0.0% foreign bond and 0.0% convertible bond). GMO Global Equity Allocation R6 has 1.6% of the portfolio in cash.
Assets Under Management
The fund has $71 million in total assets, which is below the $503 million average for the Global Large-Stock Value category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
GMADX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The GMO Global Equity Allocation R6 expense ratio is average compared to funds in the Global Large-Stock Value category. GMO Global Equity Allocation R6 has an expense ratio of 0.58%, which is 45% lower than its category average, making the fund expense ratio grade a A. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. GMO Global Equity Allocation R6 has a portfolio turnover rate of 18%, indicating that holds its assets around 0.1 years. By way of comparison, the average portfolio turnover is 48% for the Global Large-Stock Value category.
Recently, in the month of July 2026, GMO Global Equity Allocation R6 returned 1.6%, which earned it a grade of F, as the Global Large-Stock Value category had an average return of 2.9%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
GMO Global Equity Allocation R6 has a trailing yield of 3.95%, which is above the 1.78% category average. The fund normally distributes its income semi-annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
GMO Global Equity Allocation R6 Grades
Year to date, the fund has returned 19.7%, 7.1 percentage points better than the category, which translates into a grade of A. The fund has returned 36.8% over the past year (grade of A), 21.0% over the past three years (grade of A) and 13.5% per year over the past five years (grade of A) and 12.6% per year over the past 10 years (grade of A).
For more mutual fund grades, analysis and screening tools to help your investment discovery, join AAII for a $2, full-access trial. Learn more here: https://invest.aaii.com/membership.
Otherwise, for more information about GMO Global Equity Allocation R6, including its riskiness, submit your email to unlock the rest of the article.
Gain access to exclusive AAII member-only content.
GMADX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| GMADX Return (NAV) | 1.6% | 6.9% | 36.8% | 21.0% | 13.5% | 12.6% |
| GMADX Grade | F | B | A | A | A | A |
| +/- Category | -1.3% | 1.7% | 12.5% | 4.5% | 2.9% | 2.3% |
| Global Large-Stock Value Avg | 2.9% | 5.2% | 24.4% | 16.5% | 10.6% | 10.3% |
| GMADX Tax Cost Ratio | na | na | 1.8% | 1.9% | 2.9% | na |
GMADX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| GMADX Return (NAV) | 19.7% | 29.2% | 9.5% | 22.2% | -17.0% | 23.8% | 9.5% | 25.8% | -13.1% | 26.4% | 8.0% |
| GMADX Grade | A | A | C | A | F | A | A | A | F | A | C |
| +/- Category | 7.1% | 5.1% | -0.2% | 7.4% | -7.9% | 4.7% | 5.4% | 2.9% | -2.8% | 7.7% | -1.5% |
| Global Large-Stock Value Avg | 12.6% | 24.1% | 9.7% | 14.7% | -9.1% | 19.1% | 4.1% | 22.9% | -10.3% | 18.7% | 9.5% |
| Risk Measures | |
| Standard Deviation: | 12.0% |
| Total Risk Index: | 0.98 - Average |
| Category Risk Index: | 1.03 - Above Average |
| Category Risk Grade: | D (62% Rank) |
| Beta: | 0.86 |
| R-Squared: | 81% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Value |
| Bond Investment Style: | na |
| Yield: | 4.0% |
| Dividend Distribution: | Semi-Annually |
| Cap Gains Distribution: | |
| Total Assets: | $627 Mil |
| Fund Total Assets: | $ 72 Mil |
| Share Class Type: | Retirement |
| Portfolio Turnover: | 18% |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 29.7 years | |||
| Average Tenure: 18.4 years | |||
| Managers (Year): Inker Ben (1996), Thorndike John (2019) | |||
Portfolio Composition (as of 5/31/26)
| # of Holdings: | 21 |
| % in Top 10 Holdings: | 94.5% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 55.0% |
Portfolio Allocation |
|
| Domestic Stock: | 40.0% |
| Foreign Stock: | 55.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 1.2% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 2.2% |
| Cash: | 1.6% |
Purchase Information
| Fund Family: | GMO |
| Phone Number: | 617-346-7646 |
| Website: | www.gmo.com |
| Status: | Open |
| Inception Date: | July 15, 2020 |
| Min. Initial Purchase: | $ 0 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | na |
Expenses and Fees | |
| Expense Ratio (%): | 0.58% ( Rating : Avg ) |
| Category Average Expense Ratio (%): | 1.05% |
| Share Class: | GMO Global Equity Allocation III |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
