GSOFX — GMO Special Opportunities Fund
Data updated: 2021-01-29
GSOFX — GMO Special Opportunities Fund. Money Market · $265.49M AUM · 1.22% expense ratio · 165.4% 1-yr return. Holdings, fees, performance and SEC filings.
GSOFX Fund Overview
GSOFX — GMO Special Opportunities Fund is a US mutual fund managed by Gmo Trust, categorised as Money Market. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Gmo Trust
- Category: Money Market
- Assets under management: $265.49M
- 1-year return: 165.4%
- Ticker: GSOFX
- SEC CIK: 0000772129
- SEC series ID: S000046112
- Share class ID: C000144312
GSOFX Investment Objective and Strategy
GMO Special Opportunities Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Gmo Trust.
Investment objective
Positive total return.
Principal investment strategy
"GMO generally uses fundamental analysis to identify investments that are, in GMO's judgment, trading below their fundamental fair (or intrinsic) value. GMO does not manage the Fund to, or control the Fund's risk relative to, any securities index or securities benchmark. The factors GMO considers and investment methods GMO uses can change over time. The Fund may have long or short exposure to: non-U.S. and U.S. equities, which may include emerging country equities and equities of any market capitalization, ? non-U.S. and U.S. fixed income investments, such as asset-backed securities and other fixed income investments of any maturity, duration, or credit quality, including those that are below investment grade (commonly referred to as ""junk bonds"") and distressed and defaulted debt securities, ?
currencies, and, ? from time to time, alternative instruments (e.g., instruments that seek exposure to, or reduce risks of, market volatility). ? The Fund may engage in merger arbitrage. The Fund is not restricted in its exposure to any particular issuer, asset class or market and at times may have substantial exposure (long or short) to a single issuer, asset class (e.g., equities or fixed income investments) or market, or to securities of companies in a particular country or type of country (e.g., emerging countries). GMO expects that the Fund's portfolio will consist of a limited number of investments. The Fund could be subject to material losses from a single investment. As of May 31, 2018, excluding cash and cash equivalents, and aggregating certain swap contracts, the Fund held 17 investments.
In pursuing its investment objective, the Fund may invest in a wide variety of exchange-traded and over-the-counter (OTC) derivatives, including, without limitation, reverse repurchase agreements, options, futures, swap contracts (such as total return swaps, interest rate swaps, credit default swaps, and other types of swaps), swaptions, and foreign currency derivative transactions. In addition, the Fund may lend its portfolio securities. The Fund is not limited in its use of derivatives or in the total notional value of its derivative positions. As a result of its derivative positions, the Fund may have gross investment exposures in excess of its net assets (i.e., the Fund may be leveraged) and therefore is subject to heightened risk of loss. The Fund's performance can depend substantially, if not primarily, on the performance of assets or indices underlying its derivatives even though it does not own those assets or indices.
The Fund gains exposure to commodities and some other assets by investing through a wholly-owned subsidiary advised by GMO, which does not receive management or other fees for its services. The subsidiary invests primarily in commodity-related derivatives and fixed income investments but also may invest in any other investment in which the Fund is permitted to invest directly. References in this Prospectus to actions taken by the Fund refer to actions taken by the subsidiary as well as the Fund. The Fund does not invest directly in commodities and commodity-related derivatives but may do so indirectly through its subsidiary (or otherwise). In seeking to achieve the Fund's investment objective, GMO may invest a significant portion of the Fund's net assets in cash and cash equivalents. The Fund also may invest in U.S.
Treasury Fund, in money market funds unaffiliated with GMO, and directly in the types of investments typically held by money market funds."
GSOFX Performance
Total returns for GSOFX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 165.4% |
GSOFX Risk Information
Risk metrics for GSOFX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 71.9%
GSOFX Costs and Fees
GSOFX costs about $122 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.22%
- Gross expense ratio: 1.22%
- Portfolio turnover: 43%
- Brokerage commissions: 1.87 bps of average net assets (SEC N-CEN)
GSOFX Cashflows
Over the 12 months to 2020-11, GMO Special Opportunities Fund had net outflows of $209.28M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2020-11 | $50.00K |
| 2020-10 | −$10.00M |
| 2020-09 | −$15.13M |
| 2020-08 | $10.70M |
| 2020-07 | −$27.50M |
| 2020-06 | −$88.09M |
GSOFX Debt Constituents
No individual debt constituents are reported in GMO Special Opportunities Fund's latest SEC N-PORT filing.
GSOFX Prospectus and SEC Filings
Official GMO Special Opportunities Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2020-07-17
- Prospectus (485BPOS) — filed 2019-07-22
- Prospectus (485BPOS) — filed 2018-07-23
- Portfolio holdings (N-PORT) — filed 2021-01-29
- Portfolio holdings (N-PORT) — filed 2020-10-28
- Portfolio holdings (N-PORT) — filed 2020-07-28
- Annual census (N-CEN) — filed 2020-05-12
- Annual census (N-CEN) — filed 2019-05-10
Related Funds
Other Money Market funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.