PPAEX Performance — GMO U.S. Opportunistic Value Fund, Class I
Data updated: 2026-07-29
PPAEX returned +10.79% year to date and +28.45% over one year to May 2026. The annualised 3-year return is +18.55%. The fund beat its Global Large Blend category average: $100 invested three years ago grew to $167, against $163 for the category, and to $128 over one year, against $123. Volatility over the past three years was 12.98% a year. In the 12 months to May 2026 the fund lost a net $129.5M, and assets reached $324.21M.
PPAEX Growth of $100
What $100 invested in GMO U.S. Opportunistic Value Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Global Large Blend category average over the same months.
| Period | PPAEX | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $128 | $123 |
| 3 years (Jun 2023 – May 2026) | $167 | $163 |
| Since data start (Feb 2023 – May 2026) | $153 | $163 |
PPAEX Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +10.79% |
| 1 year | +28.45% |
| 3 years (annualised) | +18.55% |
PPAEX Annual Returns
Calendar-year total returns of GMO U.S. Opportunistic Value Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | +10.79% |
| 2025 | +14.64% |
| 2024 | +12.87% |
| 2023 (Feb–Dec) | +6.51% |
PPAEX 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 | +4.0% | +2.4% | −3.3% | +6.1% | +1.4% | — | — | — | — | — | — | — |
| 2025 | +4.5% | −0.6% | −2.9% | −4.3% | +2.4% | +4.9% | −0.1% | +5.8% | +0.1% | −0.9% | +3.6% | +1.8% |
| 2024 | +0.5% | +3.1% | +6.5% | −4.7% | +3.4% | −0.2% | +4.2% | +1.1% | +0.9% | −1.8% | +6.3% | −6.1% |
| 2023 | — | −4.1% | −2.1% | +1.1% | −3.4% | +6.1% | +4.4% | −2.7% | −2.7% | −3.6% | +7.3% | +7.2% |
PPAEX Risk
Risk measures from monthly returns over Jun 2023 – May 2026.
- 3-year volatility (annualised): 12.98%
- 3-year Sharpe ratio: 1.08 (vs 4.5% risk-free rate)
- Best month: +7.26% (Nov 2023)
- Worst month: −6.06% (Dec 2024)
PPAEX Fund Flows
Monthly money in and out of GMO U.S. Opportunistic Value Fund, from SEC Form N-PORT.
- 12-month net flow: −$129.5M
- 12-month gross sales (incl. reinvestments): $137.5M
- Sales ÷ redemptions: 0.51×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $1.9M | $14.3M | −$12.3M |
| Apr 2026 | $7.5M | $3.2M | $4.2M |
| Mar 2026 | $5.9M | $6.0M | −$96K |
| Feb 2026 | $66.2M | $65.1M | $1.1M |
| Jan 2026 | $1.5M | $858K | $598K |
| Dec 2025 | $15.6M | $33.9M | −$18.2M |
| Nov 2025 | $4.2M | $4.0M | $254K |
| Oct 2025 | $426K | $2.2M | −$1.8M |
| Sep 2025 | $325K | $1.4M | −$1.1M |
| Aug 2025 | $514K | $4.7M | −$4.1M |
| Jul 2025 | $933K | $9.3M | −$8.3M |
| Jun 2025 | $32.5M | $122.2M | −$89.7M |
PPAEX Assets Under Management
Net assets of GMO U.S. Opportunistic Value Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-31 | $324.21M |
| 2026-02-28 | $319.55M |
| 2025-11-30 | $324.04M |
| 2025-08-31 | $317.65M |
| 2025-05-31 | $416.15M |
| 2025-02-28 | $484.32M |
| 2024-11-30 | $559.60M |
| 2024-08-31 | $557.42M |
| 2024-05-31 | $548.78M |
| 2024-02-29 | $541.69M |
| 2023-11-30 | $430.26M |
| 2023-08-31 | $427.13M |
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.