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Overview

The GMO Quality Fund seeks to generate total return by investing primarily in equities the Focused Equity team believes to be of high quality.

The team believes that companies with established track records of historical profitability and strong fundamentals – high quality companies – are able to outgrow the average company over time and are therefore worth a premium price. The Fund’s disciplined approach uses both quantitative and fundamental techniques to assess the relative quality and valuation of global companies and aims to exploit a long-term investment horizon while withstanding short-term volatility.

Facts

Doc Table
Fund Inception Date February 6, 2004
CUSIP 362008260
Fund Total Assets as of 11/30/2024 $10.8bn USD

Share Class I

Inception Date September 26, 2019
Ticker Symbol GQLIX
CUSIP 362014185
NAV as of 12/24/2024 33.17
Net Expense Ratio 1 0.62
Gross Expense Ratio 2 0.63

1 Net Expense Ratio reflects the reduction of expenses from fee reimbursements. The fee reimbursements will continue until at least June 30, 2025. Elimination of this reimbursement will result in higher fees and lower performance.

2 Gross Expense Ratio is equal to the Funds Total Annual Operating Expenses set forth in the Funds most recent prospectus dated June 30, 2024.

Performance

Quarter-End as of September 30, 2024(USD, %) | Quality Fund-I

Table Caption
1-Year 3-Year 5-Year ITD
Quality Fund 35.87 13.32 17.05 17.10
S&P 500 36.35 11.91 15.97 15.93
MSCI World 32.43 9.08 13.04 12.99
  • Quality Fund 1
  • S&P 500
  • MSCI World

Inception Date: September 26, 2019

Returns shown for periods greater than one year are on an annualized basis.

If certain expenses were not reimbursed, performance would be lower. Transaction costs, if any, are paid to the fund to offset the cost of portfolio transactions to invest or raise cash.

1 Performance data quoted represents past performance and is not indicative of future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance data may be lower or higher than the performance data provided herein. The portfolio is not managed relative to a benchmark. References to an index are for informational purposes only.

Quarter-End as of September 30, 2024(USD, %) | Quality Fund-I

Table Caption
QTD YTD 1-Year 3-Year 5-Year ITD
Quality Fund 5.95 21.52 35.87 13.32 17.05 17.10
S&P 500 5.89 22.08 36.35 11.91 15.97 15.93
MSCI World 6.36 18.86 32.43 9.08 13.04 12.99
  • Quality Fund 1
  • S&P 500
  • MSCI World

Inception Date: September 26, 2019

Returns shown for periods greater than one year are on an annualized basis.

Net of all fees and expenses after reimbursement by the Manager, but not transaction costs, if any. If certain expenses were not reimbursed, performance would be lower.

1 Performance data quoted represents past performance and is not indicative of future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance data may be lower or higher than the performance data provided herein. The portfolio is not managed relative to a benchmark. References to an index are for informational purposes only.

Quarter-End as of September 30, 2024(USD, %) | Quality Fund-I

Table Caption
QTD YTD 1-Year 3-Year 5-Year ITD
Quality Fund 6.11 22.06 36.67 13.99 17.73 17.78
S&P 500 5.89 22.08 36.35 11.91 15.97 15.93
MSCI World 6.36 18.86 32.43 9.08 13.04 12.99
  • Quality Fund 1
  • S&P 500
  • MSCI World

Inception Date: September 26, 2019

Returns shown for periods greater than one year are on an annualized basis.

Gross of fees, expenses and transaction costs, if any. If these fees, expenses and costs were included, performance would be lower.

1 Performance data quoted represents past performance and is not indicative of future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance data may be lower or higher than the performance data provided herein. The portfolio is not managed relative to a benchmark. References to an index are for informational purposes only.

Month-End as of November 30, 2024(USD, %) | Quality Fund-I

Table Caption
MTD QTD YTD 1-Year 3-Year 5-Year ITD
Quality Fund 3.39 0.20 21.76 25.64 12.39 15.54 16.55
S&P 500 5.87 4.91 28.07 33.89 11.43 15.76 16.45
MSCI World 4.59 2.51 21.85 27.83 8.78 12.41 13.09
  • Quality Fund 1
  • S&P 500
  • MSCI World

Inception Date: September 26, 2019

Returns shown for periods greater than one year are on an annualized basis.

Net of all fees and expenses after reimbursement by the Manager, but not transaction costs, if any. If certain expenses were not reimbursed, performance would be lower.

1 Performance data quoted represents past performance and is not indicative of future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance data may be lower or higher than the performance data provided herein. The portfolio is not managed relative to a benchmark. References to an index are for informational purposes only.

Month-End as of November 30, 2024(USD, %) | Quality Fund-I

Table Caption
MTD QTD YTD 1-Year 3-Year 5-Year ITD
Quality Fund 3.44 0.31 22.43 26.40 13.05 16.22 17.23
S&P 500 5.87 4.91 28.07 33.89 11.43 15.76 16.45
MSCI World 4.59 2.51 21.85 27.83 8.78 12.41 13.09
  • Quality Fund 1
  • S&P 500
  • MSCI World

Inception Date: September 26, 2019

Returns shown for periods greater than one year are on an annualized basis.

Gross of fees, expenses and transaction costs, if any. If these fees, expenses and costs were included, performance would be lower.

1 Performance data quoted represents past performance and is not indicative of future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance data may be lower or higher than the performance data provided herein. The portfolio is not managed relative to a benchmark. References to an index are for informational purposes only.

Year Ending December 31 (USD, %) | Quality Fund-I

Calendar
Quality Fund S&P 500 MSCI World
2023 29.85 26.29 23.79
2022 -15.29 -18.11 -18.14
2021 26.09 28.71 21.82
2020 18.34 18.40 15.90
2019 10.60 9.06 8.48
  • Quality Fund 1
  • S&P 500
  • MSCI World

Inception Date: September 26, 2019

Returns shown for periods greater than one year are on an annualized basis.

Net of all fees and expenses after reimbursement by the Manager, but not transaction costs, if any. If certain expenses were not reimbursed, performance would be lower.

1 Performance data quoted represents past performance and is not indicative of future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance data may be lower or higher than the performance data provided herein. The portfolio is not managed relative to a benchmark. References to an index are for informational purposes only.

Year Ending December 31 (USD, %) | Quality Fund-I

Calendar
Quality Fund S&P 500 MSCI World
2023 30.61 26.29 23.79
2022 -14.79 -18.11 -18.14
2021 26.81 28.71 21.82
2020 19.03 18.40 15.90
2019 10.77 9.06 8.48
  • Quality Fund 1
  • S&P 500
  • MSCI World

Inception Date: September 26, 2019

Returns shown for periods greater than one year are on an annualized basis.

Gross of fees, expenses and transaction costs, if any. If these fees, expenses and costs were included, performance would be lower.

1 Performance data quoted represents past performance and is not indicative of future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance data may be lower or higher than the performance data provided herein. The portfolio is not managed relative to a benchmark. References to an index are for informational purposes only.

Documents

Literature

Fact Sheet Download
Product Profile Download
Prospectus Download
Summary Prospectus Download
Statement of Additional Information Download
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Downloads

Performance Download
Portfolio Composition Download
Holdings Download
Holdings - Public Download
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Commentary & Attribution

Commentary Quarterly Download
Attribution - Monthly Download
Attribution - Quarterly Download
Attribution - YTD Download
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Investor Information

Annual Report Download
Semi-Annual Financial Statements and Other Information Download
Semi-Annual Report Download
NAVs and Distributions Download
Distribution Dates Download
Distribution Estimates Download
Tax-Related Distribution Information Download
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Document Library

Risks

Risks associated with investing in the Fund may include: (1) Market Risk - Equities: The market price of equities may decline due to factors affecting the issuer, its industries, or the economy and equity markets generally. Declines in stock market prices generally are likely to reduce the net asset value of the Fund's shares. (2) Management and Operational Risk: The risk that GMO's investment techniques will fail to produce desired results, including annualized returns and annualized volatility. (3) Focused Investment Risk: The Fund invests its assets in the securities of a limited number of issuers, and a decline in the market price of a particular security held by the Fund may affect the Fund's performance more than if the Fund invested in the securities of a larger number of issuers.For a more complete discussion of these risks and others, please consult the Fund's Prospectus.

Disclosures

An investor should consider the fund’s investment objectives, risks, charges and expenses before investing. This and other important information can be found in the fund’s prospectus. Read the prospectus carefully before investing. Please see prospectus above.

The GMO Trust funds are distributed in the United States by Funds Distributor LLC. GMO and Funds Distributor LLC are not affiliated.