- What does GMOC invest in?
- The GMO Ultra-Short Income ETF (GMOC) meticulously builds a low-duration fixed income portfolio, encompassing a variety of high-quality assets. These assets include U.S. Treasuries, Collateralized Loan Obligations (CLOs), and both repurchase and reverse repurchase agreements, alongside other investment-grade debt instruments. A primary goal of the fund is to keep its estimated interest rate duration at or below one year. This short duration aims to significantly reduce the portfolio's sensitivity to shifts in interest rates, although it's important to note that individual securities within the portfolio may occasionally possess longer maturities. Allocation decisions are strategically guided by an analysis of relative value opportunities, current interest rate trends, and the interplay of supply and demand in the market. The overarching strategy is designed to deliver a steady stream of income with low price fluctuations, prioritizing the preservation of invested capital. For added security, the fund's repurchase and reverse repurchase agreements are typically backed by U.S. government securities. Additionally, GMOC may hold money market instruments, invest in the GMO US Treasury Fund, or strategically employ derivatives for hedging and risk management purposes.
- What is the expense ratio of GMOC?
- GMO Ultra-Short Income ETF (GMOC) charges an expense ratio of 0.20%. This is the annual fee deducted from fund assets to cover management and operations.
- What is GMOC's dividend yield?
- GMOC's trailing-twelve-month yield is 3.35%, calculated from the sum of dividends over the past year divided by the current price.
- What is the duration of GMOC?
- Effective duration measures GMOC's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. GMOC's current duration is published on the fund's factsheet on the issuer's website.
- What is the credit quality of GMOC?
- GMOC'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 GMOC?
- Yield to maturity (YTM) is the total return you'd earn from GMOC if every bond in the portfolio is held to maturity at the current price. GMOC'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.
