The GMO Benchmark-Free Allocation Fund - Class III (GBMFX) is a mutual fund that aims to provide investors with a diversified portfolio of stocks, bonds, and other assets without being tied to a specific benchmark. This fund is managed by GMO, a global investment management firm known for its value-oriented approach. Class III shares typically have a higher minimum investment requirement and lower fees compared to other share classes, making it a suitable option for more experienced and high-net-worth investors. GBMFX offers a flexible and actively managed investment strategy, making it a potentially attractive choice for those seeking long-term growth and income.