Fund Research for GMO Inflation Indexed Plus Bond III (GMITX)

  • Fund Overview

    Fund Inception Date: Jun 29, 2006
    Category: Inflation-Protected Bond
    Overall Risk: High
    Fund Family: GMO
    Return Since Inception: 0.94%
    YTD Return: 32.49%
    Yield (TTM): 16.43%
    Net Assets: 95.33 M
    Morningstar Rating:
    1 of 5
    The investment seeks high total return. The fund primarily makes investments that are indexed or otherwise "linked" to general measures of inflation, and seeks additional returns by investing in foreign interest rate and currency markets. Under normal circumstances, it invests at least 80% of assets in inflation indexed bond investments. The fund is nondiversified.

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    Details
    Average Eff Duration 4.9 Yrs
    Average Eff Maturity 8.3 Yrs
    Average Credit Quality AA
    Morningstar Rating as of 10/31/2009
    YTD Returns as of 11/27/2009    		 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 06/30/2006 to 10/31/2009
    Mouseover the chart to see values for each month.

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    Total Annualized Returns

    YTD 1 year 3 year 5 year 10 year Since Inception
    Fund 32.49% 28.71% 0.74% — — 0.94%
    +/- Category 19.47% 9.33% -4.59% — — —
    +/- 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) 28.51% 16.44% -0.11% — — 0.94%
    Quarter (as of 09/30/2009) 24.53% -2.74% -1.11% — — -0.00253%
    Fund and Category YTD, 1yr, 3yr and 5yr Returns as of 11/27/2009
    Index YTD,1yr, 3ys and 5yr Returns as of 11/27/2009 10 yr and Since Inception Returns as of 10/31/2009
    Inception Date: 06/29/2006
    Ratings are based on risk-adjusted performance.
    View Total Returns

  • Fund Portfolio Profile

    Sector Breakdown

    Stocks
    US Government 19.94%
    Mortgage 9.63%
    Credit 66.29%
    Foreign 2.36%
    Cash 10.32%
    Bond Quality
    AAA 71.67%
    AA 7.25%
    A 0.76%
    BBB 8.68%
    BB 6.60%
    B 1.12%
    Below B 3.93%
    Not Rated 0.00%

    Asset Allocation

    Short Long Net Assets
    Cash 24.83% 13.71% -11.12%
    Stocks 0.00% 0.00% 0.00%
    Bonds 9.88% 113.27% 103.39%
    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
    = GMO Short Duration Collateral — 13.97 M 224.36 M 57.56%
    = GMO World Opportunity Overlay — 4.23 M 78.08 M 20.03%
    * GMO US Treasury — 813,340.00 20.35 M 5.22%
    + US Treasury Bond 3.875% 04/15/2029 12.94 M 16.03 M 4.11%
    = GMO Emerging Country Debt III — 2.03 M 13.99 M 3.59%
    * Euro Bund (Fut) 06/08/2009 6.9 M 11.66 M 2.99%
    * 10yr Japan Govt Bond Ftrs Lif Jun09 Xlif 06/10/2009 800 M -11.45 M 2.94%
    + US Treasury Bond 2.375% 01/15/2025 11.28 M 11.42 M 2.93%
    * US Treasury Bond 2% 01/15/2026 10.71 M 10.28 M 2.64%
    + US Treasury Bond 1.75% 01/15/2028 10.66 M 9.82 M 2.52%
    + 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