GMIIX Performance — GMO-Usonian Japan Value Creation Fund, Class I
Data updated: 2026-07-29
GMIIX returned +23.98% year to date and +41.50% over one year to May 2026. Annualised returns are +25.41% over 3 years and +11.63% over 5 years. The fund beat its Japan Equity category average: $100 invested three years ago grew to $197, against $184 for the category, and to $141 over one year, against $134. Volatility over the past three years was 14.86% a year. In the 12 months to May 2026 the fund took in a net $40.9M, and assets reached $308.23M.
GMIIX Growth of $100
What $100 invested in GMO-Usonian Japan Value Creation Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Japan Equity category average over the same months.
| Period | GMIIX | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $141 | $134 |
| 3 years (Jun 2023 – May 2026) | $197 | $184 |
| 5 years (Jun 2021 – May 2026) | $173 | $167 |
GMIIX Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +23.98% |
| 1 year | +41.50% |
| 3 years (annualised) | +25.41% |
| 5 years (annualised) | +11.63% |
GMIIX Annual Returns
Calendar-year total returns of GMO-Usonian Japan Value Creation Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | +23.98% |
| 2025 | +31.31% |
| 2024 | +8.06% |
| 2023 | +21.63% |
| 2022 | −12.95% |
| 2021 (Jun–Dec) | −6.96% |
GMIIX 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 | +5.3% | +12.9% | −10.5% | +6.3% | +9.6% | — | — | — | — | — | — | — |
| 2025 | +1.3% | +0.8% | +3.8% | +4.3% | +4.1% | +2.7% | −0.6% | +5.5% | +2.7% | −1.8% | +4.2% | +0.9% |
| 2024 | +2.0% | +1.9% | +3.1% | −2.7% | +2.1% | −1.5% | +6.9% | +1.8% | +1.4% | −7.3% | +2.7% | −1.9% |
| 2023 | +5.5% | −1.7% | +2.9% | +1.6% | +0.2% | +4.3% | +2.9% | −1.7% | −0.5% | −2.6% | +5.5% | +3.8% |
| 2022 | −0.7% | +0.1% | −6.2% | −5.3% | +0.1% | −4.2% | +4.5% | −4.8% | −7.9% | +0.3% | +11.1% | +0.7% |
| 2021 | — | — | — | — | — | −4.8% | +1.4% | +1.5% | +1.2% | −3.0% | −5.5% | +2.4% |
GMIIX Risk
Risk measures from monthly returns over Jun 2023 – May 2026.
- 3-year volatility (annualised): 14.86%
- 3-year Sharpe ratio: 1.41 (vs 4.5% risk-free rate)
- Best month: +12.87% (Feb 2026)
- Worst month: −10.52% (Mar 2026)
GMIIX Fund Flows
Monthly money in and out of GMO-Usonian Japan Value Creation Fund, from SEC Form N-PORT.
- 12-month net flow: $40.9M
- 12-month gross sales (incl. reinvestments): $111.5M
- Sales ÷ redemptions: 1.58×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $6.4M | $5.3M | $1.1M |
| Apr 2026 | $3.5M | $1.4M | $2.2M |
| Mar 2026 | $5.5M | $9.0M | −$3.5M |
| Feb 2026 | $3.2M | $7.2M | −$4.0M |
| Jan 2026 | $6.3M | $731K | $5.5M |
| Dec 2025 | $49.8M | $1.2M | $48.6M |
| Nov 2025 | $5.2M | $688K | $4.5M |
| Oct 2025 | $1.4M | $1.2M | $210K |
| Sep 2025 | $7.3M | $1.1M | $6.3M |
| Aug 2025 | $2.9M | $4.1M | −$1.3M |
| Jul 2025 | $19.6M | $29.4M | −$9.8M |
| Jun 2025 | $351K | $9.2M | −$8.9M |
GMIIX Assets Under Management
Net assets of GMO-Usonian Japan Value Creation Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-31 | $308.23M |
| 2026-02-28 | $295.93M |
| 2025-11-30 | $205.72M |
| 2025-08-31 | $184.98M |
| 2025-05-31 | $193.11M |
| 2025-02-28 | $179.01M |
| 2024-11-30 | $177.47M |
| 2024-08-31 | $190.09M |
| 2024-05-31 | $171.49M |
| 2024-02-29 | $117.98M |
| 2023-11-30 | $106.94M |
| 2023-08-31 | $110.85M |
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.