Fund Research for GMO Currency Hedged Intl Bond III (GMHBX)

  • Fund Overview

    Fund Inception Date: Sep 30, 1994
    Category: World Bond
    Overall Risk: Below Average
    Fund Family: GMO
    Return Since Inception: 7.86%
    YTD Return: 19.59%
    Yield (TTM): 13.90%
    Net Assets: 132.93 M
    Morningstar Rating:
    2 of 5
    The investment seeks total return.The fund typically invests in fixed income securities included in the fund's benchmark and in securities with similar characteristics. It invests in global interest rate, currency and emerging country debt markets. The fund invests at least 80% of assets in bond investments. It generally attempts to hedge at least 75% of its net foreign currency exposure into U.S. dollars. The fund is nondiversified.

    You need a current version of Adobe Flash Player plugin to view this chart.

    Get Adobe Flash player
    Details
    Average Eff Duration 5.4 Yrs
    Average Eff Maturity 8.7 Yrs
    Average Credit Quality AA
    Morningstar Rating as of 10/31/2009
    YTD Returns as of 11/25/2009    		 Style Box Detail calculations do not include the fund's short positions (if any)

  • Fund Performance

    10 year Growth Chart
    Growth of $10,000 from 12/31/1998 to 10/31/2009
    Mouseover the chart to see values for each month.

    You need a current version of Adobe Flash Player plugin to view this chart.

    Get Adobe Flash player

    Total Annualized Returns

    YTD 1 year 3 year 5 year 10 year Since Inception
    Fund 19.59% 17.99% -0.27% 1.99% 4.85% 7.86%
    +/- Category 3.39% -4.97% -7.16% -2.91% -1.45% —
    +/- Barclays US Aggregate Bond TR USD — — — — 6.31% —

    Standardized Annual Returns

    YTD 1 year 3 year 5 year 10 year Since Inception
    Month (as of 10/31/2009) 17.32% 12.33% -0.70% 1.88% 4.75% 7.78%
    Quarter (as of 09/30/2009) 15.48% 2.67% -1.05% 1.73% 4.65% 7.72%
    Fund and Category YTD, 1yr, 3yr and 5yr Returns as of 11/25/2009
    Index YTD,1yr, 3ys and 5yr Returns as of 11/25/2009 10 yr and Since Inception Returns as of 10/31/2009
    Inception Date: 09/30/1994
    Ratings are based on risk-adjusted performance.
    View Total Returns

  • Fund Portfolio Profile

    Sector Breakdown

    Stocks
    US Government —
    Mortgage —
    Credit —
    Foreign —
    Cash —
    Bond Quality
    AAA 73.10%
    AA 7.03%
    A 0.72%
    BBB 8.39%
    BB 5.90%
    B 1.06%
    Below B 3.79%
    Not Rated 0.00%

    Asset Allocation

    Short Long Net Assets
    Cash 17.13% 12.74% -4.39%
    Stocks 0.00% 0.00% 0.00%
    Bonds 9.42% 104.74% 95.32%
    Other 0.00% 0.00% 0.00%
    Foreign Stocks
    (as a % of assets)    		 0.00% 0.00% 0.00%
    Data as of 09/30/2009 Data as of 08/31/2009 View Fund Portfolio

    Top 10 Holdings

    Maturity Date Total Holdings Value of Holdings Net Assets
    * 30 Day Federal Funds Futures Jun09 Xcbt 06/30/2009 83.34 M -83.19 M 83.10%
    = GMO Short Duration Collateral — 4.33 M 69.58 M 69.50%
    * Euro Bund (Fut) 06/08/2009 27.6 M 46.64 M 46.59%
    = GMO World Opportunity Overlay — 1.11 M 20.47 M 20.45%
    * Uk Long Gilt Bond (Fut) 09/28/2009 9.7 M 18.39 M 18.37%
    * GMO US Treasury — 476,811.00 11.93 M 11.92%
    * Germany (Federal Republic Of) 4.75% 07/04/2034 5 M 7.31 M 7.31%
    * France(Govt Of) 4% 10/25/2038 5 M 6.46 M 6.45%
    * 10yr Japan Govt Bond Ftrs Lif Jun09 Xlif 06/10/2009 300 M -4.3 M 4.29%
    + US Treasury Note 0.875% 04/15/2010 3.93 M 3.93 M 3.92%
    + Increase - Decrease = No change * New since last portfolio
    Data as of 05/31/2009
    Top 10 holdings account for the fund's short positions (if any). Net short positions appear shaded.
    View Fund Portfolio

  • Sales Information

    Sales Charge %

    Initial —
    Deferred —
    Taken from prospectus dated 09/24/2009
    Expense Ratio (based on net assets) 0.39%
    Taken from annual report dated 02/28/2009

  • Fund Management