Fund Research for GMO Real Estate III (GMORX)

  • Fund Overview

    Fund Inception Date: May 31, 1996
    Category: Real Estate
    Overall Risk: Average
    Fund Family: GMO
    Return Since Inception: 7.19%
    YTD Return: 15.39%
    Yield (TTM): 3.97%
    Net Assets: 13.19 M
    Morningstar Rating:
    4 of 5

    The investment seeks total return. The fund normally invests at least 80% of assets in real estate investment trusts (REITs) and other real estate-related investments. It typically makes equity investments in U.S. companies that issue stocks included in the MSCI U.S. REIT Index, and in companies with similar characteristics. The fund is nondiversified.

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    Size
    Average Market Cap $3,613 M
    Market Capitalization Portfolio
    Giant 0.00%
    Large 17.71%
    Medium 57.47%
    Small 23.28%
    Micro 1.54%
    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.

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    Total Annualized Returns

    YTD 1 year 3 year 5 year 10 year Since Inception
    Fund 15.39% 38.52% -14.35% 0.12% 8.90% 7.19%
    +/- Category -6.41% -6.79% 1.65% 1.38% 0.35% —
    +/- S&P 500 TR -9.75% 5.37% -8.85% -0.63% -0.95% —

    Standardized Annual Returns

    YTD 1 year 3 year 5 year 10 year Since Inception
    Month (as of 10/31/2009) 9.62% 0.12% -14.61% -0.04% 8.90% 7.19%
    Quarter (as of 09/30/2009) 15.00% -25.74% -11.47% 2.00% 9.20% 7.63%
    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: 05/31/1996
    Ratings are based on risk-adjusted performance.
    View Total Returns

  • Fund Portfolio Profile

    Sector Breakdown

    Stocks
    Information 0.00%
    Service 97.77%
    Manufacturing 0.00%

    Asset Allocation

    Short Long Net Assets
    Cash — 2.15% 2.15%
    Stocks — 97.77% 97.77%
    Bonds — 0.00% 0.00%
    Other — 0.00% 0.00%
    Foreign Stocks
    (as a % of assets)    		 — 0.00% 0.00%
    Data as of 08/31/2009 Data as of 08/31/2009 View Fund Portfolio

    Top 10 Holdings

    Sector P/E Return as of 10/31/2009 Net Assets
    + PUBLIC STORAGE (PSA) Financial Services 21.91 -3.32% 8.85%
    + VORNADO RLTY TR (VNO) Financial Services — 14.20% 6.48%
    - SIMON PPTY GROUP INC NEW (SPG) Financial Services 51.61 31.68% 6.10%
    - HCP INC (HCP) Financial Services 102.90 11.85% 4.63%
    - EQUITY RESIDENTIAL (EQR) Financial Services 1,558.00 2.29% 4.25%
    - BOSTON PROPERTIES INC (BXP) Financial Services 87.04 15.24% 4.22%
    + HOST HOTELS & RESORTS INC (HST) Financial Services — 35.40% 4.06%
    + KIMCO REALTY CORP (KIM) Financial Services — -25.98% 3.72%
    + HEALTH CARE REIT INC (HCN) Financial Services 33.84 11.37% 3.02%
    = AVALONBAY CMNTYS INC (AVB) Financial Services 82.98 19.84% 2.99%
    + Increase - Decrease = No change * New since last portfolio
    Top 10 holdings account for the fund's short positions (if any). Net short positions appear shaded.
    P/E as of 11/27/2009
    All other data as of 05/31/2009
    View Fund Portfolio

  • Sales Information

    Sales Charge %

    Initial —
    Deferred —
    Taken from prospectus dated 09/24/2009
    Expense Ratio (based on net assets) 0.48%
    Taken from annual report dated 02/28/2009

  • Fund Management