GMICX Performance — GMO International Equity Fund, Class II
Data updated: 2026-09-29
GMICX returned +20.62% over one year to Jul 2023. The annualised 3-year return is +10.97%. The fund beat its International Large Blend category average: $100 invested three years ago grew to $137, against $124 for the category, and to $121 over one year, against $113. Volatility over the past three years was 17.84% a year. In the 12 months to May 2026 the fund lost a net $27.6M, and assets reached $1.41B.
GMICX Growth of $100
What $100 invested in GMO International Equity Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the International Large Blend category average over the same months.
| Period | GMICX | Category average |
|---|---|---|
| 1 year (Aug 2022 – Jul 2023) | $121 | $113 |
| 3 years (Aug 2020 – Jul 2023) | $137 | $124 |
| Since data start (Sep 2019 – Jul 2023) | $146 | $129 |
GMICX Trailing Returns
Total returns to Jul 2023, from SEC N-PORT.
| Period | Total return |
|---|---|
| 1 year | +20.62% |
| 3 years (annualised) | +10.97% |
GMICX Annual Returns
Calendar-year total returns of GMO International Equity Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2023 (Jan–Jul) | +16.24% |
| 2022 | −10.48% |
| 2021 | +12.10% |
| 2020 | +7.38% |
| 2019 (Sep–Dec) | +16.50% |
GMICX 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | +7.2% | −1.6% | +1.7% | +1.8% | −4.3% | +7.0% | +3.9% | — | — | — | — | — |
| 2022 | −0.9% | −2.8% | −0.9% | −5.8% | +3.2% | −9.4% | +2.6% | −4.8% | −8.1% | +6.3% | +12.4% | −0.7% |
| 2021 | −0.8% | +3.6% | +4.5% | +2.6% | +4.9% | −2.4% | −0.4% | +0.7% | −3.6% | +1.8% | −5.0% | +6.1% |
| 2020 | −1.7% | −7.5% | −16.3% | +7.7% | +4.5% | +3.3% | +3.6% | +3.3% | −1.2% | −4.4% | +13.1% | +6.1% |
| 2019 | — | — | — | — | — | — | — | — | +4.8% | +4.9% | +1.4% | +4.5% |
GMICX Risk
Risk measures from monthly returns over Aug 2020 – Jul 2023.
- 3-year volatility (annualised): 17.84%
- 3-year Sharpe ratio: 0.36 (vs 4.5% risk-free rate)
- Best month: +13.07% (Nov 2020)
- Worst month: −9.42% (Jun 2022)
GMICX Fund Flows
Monthly money in and out of GMO International Equity Fund, from SEC Form N-PORT.
- 12-month net flow: −$27.6M
- 12-month gross sales (incl. reinvestments): $539.8M
- Sales ÷ redemptions: 0.95×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $91.7M | $16.5M | $75.1M |
| Apr 2026 | $100.4M | $10.4M | $90.0M |
| Mar 2026 | $55.6M | $25.5M | $30.0M |
| Feb 2026 | $18.7M | $50.2M | −$31.5M |
| Jan 2026 | $21.1M | $3.0M | $18.1M |
| Dec 2025 | $58.1M | $36.8M | $21.3M |
| Nov 2025 | $28.5M | $18.9M | $9.6M |
| Oct 2025 | $2.3M | $2.7M | −$450K |
| Sep 2025 | $4.4M | $34.8M | −$30.5M |
| Aug 2025 | $2.1M | $16.7M | −$14.6M |
| Jul 2025 | $155.4M | $326.5M | −$171.2M |
| Jun 2025 | $1.8M | $25.4M | −$23.7M |
GMICX Assets Under Management
Net assets of GMO International Equity Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-31 | $1.41B |
| 2026-02-28 | $1.15B |
| 2025-11-30 | $1.02B |
| 2025-08-31 | $960.73M |
| 2025-05-31 | $1.10B |
| 2025-02-28 | $1.02B |
| 2024-11-30 | $964.43M |
| 2024-08-31 | $1.05B |
| 2024-05-31 | $1.00B |
| 2024-02-29 | $945.04M |
| 2023-11-30 | $1.02B |
| 2023-08-31 | $1.06B |
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.