GBFFX Performance — GMO Benchmark-Free Fund, Class III
Data updated: 2026-07-29
GBFFX returned +11.47% year to date and +29.11% over one year to May 2026. Over one year the fund beat its Global Multi-Cap Blend category average: $100 grew to $129, against $123 for the category. Volatility over the past 12 months was 7.75% a year. In the 12 months to May 2026 the fund lost a net $88.3M, and assets reached $1.31B.
GBFFX Growth of $100
What $100 invested in GMO Benchmark-Free Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Global Multi-Cap Blend category average over the same months.
| Period | GBFFX | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $129 | $123 |
| 3 years (Jun 2023 – May 2026) | $164 | $154 |
| 5 years (Jun 2021 – May 2026) | $154 | $144 |
| Since data start (Sep 2019 – May 2026) | $176 | $192 |
GBFFX Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +11.47% |
| 1 year | +29.11% |
3- and 5-year figures withheld: cannot be verified.
GBFFX Annual Returns
Calendar-year total returns of GMO Benchmark-Free Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | +11.47% |
| 2025 | +24.06% |
| 2024 | +4.62% |
| 2023 | +15.22% |
| 2022 | −3.33% |
| 2021 | +4.36% |
| 2020 | −3.35% |
| 2019 (Sep–Dec) | +8.27% |
GBFFX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +4.3% | +5.1% | −3.6% | +2.3% | +3.0% | — | — | — | — | — | — | — |
| 2025 | +2.0% | +1.7% | +1.6% | 0.0% | +1.6% | +2.6% | +0.7% | +4.0% | +1.3% | +1.3% | +2.9% | +2.0% |
| 2024 | −0.1% | +0.8% | +3.4% | −1.1% | +3.4% | −1.7% | +3.3% | +0.9% | +0.7% | −3.8% | +0.1% | −1.3% |
| 2023 | +4.9% | −1.7% | −0.1% | +1.7% | −3.0% | +4.2% | +3.6% | −1.9% | −0.4% | −2.7% | +5.1% | +5.0% |
| 2022 | +2.8% | −2.6% | −2.3% | −0.6% | +2.5% | −5.8% | +0.9% | −1.2% | −4.9% | +2.2% | +7.5% | −1.0% |
| 2021 | +1.1% | +2.1% | +3.0% | −0.1% | +2.7% | −2.2% | −1.8% | +0.5% | −0.6% | −1.2% | −2.1% | +3.1% |
| 2020 | −2.8% | −3.7% | −12.7% | +8.2% | −0.6% | +1.8% | +3.1% | −0.3% | −0.7% | −0.1% | +3.6% | +2.2% |
| 2019 | — | — | — | — | — | — | — | — | +1.9% | +2.0% | +0.5% | +3.6% |
GBFFX Risk
Risk measures from monthly returns over Jun 2025 – May 2026.
- 1-year volatility (annualised): 7.75%
- Best month: +5.12% (Feb 2026)
- Worst month: −3.58% (Mar 2026)
GBFFX Fund Flows
Monthly money in and out of GMO Benchmark-Free Fund, from SEC Form N-PORT.
- 12-month net flow: −$88.3M
- 12-month gross sales (incl. reinvestments): $65.3M
- Sales ÷ redemptions: 0.42×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $722K | $0 | $722K |
| Apr 2026 | $0 | $719K | −$719K |
| Mar 2026 | $0 | $10.0M | −$10.0M |
| Feb 2026 | $0 | $535K | −$535K |
| Jan 2026 | $1.0M | $0 | $1.0M |
| Dec 2025 | $52.1M | $0 | $52.1M |
| Nov 2025 | $184K | $555K | −$371K |
| Oct 2025 | $0 | $121.3M | −$121.3M |
| Sep 2025 | $778K | $0 | $778K |
| Aug 2025 | $0 | $5.5M | −$5.5M |
| Jul 2025 | $10.5M | $0 | $10.5M |
| Jun 2025 | $0 | $15.0M | −$15.0M |
GBFFX Assets Under Management
Net assets of GMO Benchmark-Free Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-31 | $1.31B |
| 2026-02-28 | $1.30B |
| 2025-11-30 | $1.15B |
| 2025-08-31 | $1.21B |
| 2025-05-31 | $1.15B |
| 2025-02-28 | $1.15B |
| 2024-11-30 | $1.04B |
| 2024-08-31 | $1.11B |
| 2024-05-31 | $1.12B |
| 2024-02-29 | $1.09B |
| 2023-11-30 | $1.08B |
| 2023-08-31 | $1.11B |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.