- What does GMIIX invest in?
- Under ordinary market conditions, the fund commits a substantial majority—at least 80%—of its total assets to securities of businesses with significant economic links to Japan. This can be achieved through direct investments or indirectly, such as via other investment vehicles or derivative contracts. Furthermore, the fund has the option to invest in the GMO U.S. Treasury Fund, money market funds not affiliated with GMO, or directly in the kinds of short-term, liquid holdings commonly found in money market portfolios.
- What is the expense ratio of GMIIX?
- GMO-Usonian Japan Value Creation I (GMIIX) charges an expense ratio of 0.82%. This is the annual fee deducted from fund assets to cover management and operations.
- What is GMIIX's dividend yield?
- GMIIX's trailing-twelve-month yield is 6.77%, calculated from the sum of dividends over the past year divided by the current price.
- What is the duration of GMIIX?
- Effective duration measures GMIIX's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. GMIIX's current duration is published on the fund's factsheet on the issuer's website.
- What is the credit quality of GMIIX?
- GMIIX's credit quality breakdown — the share of holdings rated AAA through CCC and below — is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.
- What is the yield to maturity of GMIIX?
- Yield to maturity (YTM) is the total return you'd earn from GMIIX if every bond in the portfolio is held to maturity at the current price. GMIIX's YTM is published on the fund's factsheet on the issuer's website — it differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.
