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Overview

The GMO Emerging Markets Fund seeks total return in excess of that of its benchmark, the MSCI Emerging Markets Index. GMO uses proprietary quantitative techniques and fundamental analysis to evaluate and select countries, sectors, and equity investments based on factors including, but not limited to, valuation, quality, patterns of price movement and volatility, and macroeconomic factors. GMO also may consider ESG (environmental, social, and governance) criteria and expects the Fund will have a value bias relative to its benchmark. 

Facts

Doc Table
Fund Inception Date December 9, 1993
CUSIP 362007601
Benchmark MSCI Emerging Markets
Fund Total Assets as of 31/10/2024 $389mm USD

Share Class I

Inception Date January 14, 2020
Ticker Symbol GEMEX
CUSIP 36256V825
NAV as of 22/11/2024 24.36
Net Expense Ratio 1 1.05
Gross Expense Ratio 2 1.21

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, %) | Emerging Markets Fund-I

Table Caption
1-Year 3-Year ITD
Emerging Markets Fund 25.89 -3.76 -1.36
MSCI Emerging Markets 26.05 0.40 3.05
MSCI Emerging Markets + 26.05 0.40 3.05
  • Emerging Markets Fund
  • MSCI Emerging Markets
  • MSCI Emerging Markets +

Inception Date: January 14, 2020

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.

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.

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

Table Caption
QTD YTD 1-Year 3-Year ITD
Emerging Markets Fund 5.26 11.40 25.89 -3.76 -1.36
MSCI Emerging Markets 8.72 16.86 26.05 0.40 3.05
MSCI Emerging Markets + 8.72 16.86 26.05 0.40 3.05
  • Emerging Markets Fund
  • MSCI Emerging Markets
  • MSCI Emerging Markets +

Inception Date: January 14, 2020

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.

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.

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

Table Caption
QTD YTD 1-Year 3-Year ITD
Emerging Markets Fund 5.56 12.31 27.23 -2.77 -0.37
MSCI Emerging Markets 8.72 16.86 26.05 0.40 3.05
MSCI Emerging Markets + 8.72 16.86 26.05 0.40 3.05
  • Emerging Markets Fund
  • MSCI Emerging Markets
  • MSCI Emerging Markets +

Inception Date: January 14, 2020

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.

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.

Month-End as of October 31, 2024(USD, %) | Emerging Markets Fund-I

Table Caption
MTD QTD YTD 1-Year 3-Year ITD
Emerging Markets Fund -4.31 -4.31 6.60 23.22 -5.50 -2.24
MSCI Emerging Markets -4.45 -4.45 11.66 25.32 -1.43 2.02
MSCI Emerging Markets + -4.45 -4.45 11.66 25.32 -1.43 2.02
  • Emerging Markets Fund
  • MSCI Emerging Markets
  • MSCI Emerging Markets +

Inception Date: January 14, 2020

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.

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.

Month-End as of October 31, 2024(USD, %) | Emerging Markets Fund-I

Table Caption
MTD QTD YTD 1-Year 3-Year ITD
Emerging Markets Fund -4.20 -4.20 7.59 24.56 -4.52 -1.25
MSCI Emerging Markets -4.45 -4.45 11.66 25.32 -1.43 2.02
MSCI Emerging Markets + -4.45 -4.45 11.66 25.32 -1.43 2.02
  • Emerging Markets Fund
  • MSCI Emerging Markets
  • MSCI Emerging Markets +

Inception Date: January 14, 2020

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.

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.

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

Calendar
Emerging Markets Fund MSCI Emerging Markets MSCI Emerging Markets +
2023 17.55 9.83 9.83
2022 -31.65 -20.09 -20.09
2021 1.93 -2.54 -2.54
2020 2.75 15.26 15.26
  • Emerging Markets Fund
  • MSCI Emerging Markets
  • MSCI Emerging Markets +

Inception Date: January 14, 2020

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.

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.

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

Calendar
Emerging Markets Fund MSCI Emerging Markets MSCI Emerging Markets +
2023 18.72 9.83 9.83
2022 -30.95 -20.09 -20.09
2021 2.93 -2.54 -2.54
2020 3.71 15.26 15.26
  • Emerging Markets Fund
  • MSCI Emerging Markets
  • MSCI Emerging Markets +

Inception Date: January 14, 2020

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.

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.

Documents

Literature

Fact Sheet Download
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Downloads

Performance Download
Portfolio Composition Download
Holdings Download
Holdings - Exploded Download
Holdings - Enhanced 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
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) Non-U.S. Investment Risk: The market prices of many non-U.S. securities (particularly of companies tied economically to emerging countries) fluctuate more than those of U.S. securities. Many non-U.S. markets (particularly emerging markets) are less stable, smaller, less liquid, and less regulated than U.S. markets, and the cost of trading in those markets often is higher than it is in U.S. markets. (3) Currency Risk: Fluctuations in exchange rates can adversely affect the market value of the Fund's non-U.S. currency holdings and investments denominated in non-U.S. currencies. For a more complete discussion of these risks and others, please consult the Fund's Prospectus..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.