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Overview

The GMO U.S. Treasury Fund seeks liquidity and safety of principal by investing in securities that are secured or backed by the full faith credit of the U.S. government, explicitly or implicitly. The Fund aims to take advantage of and dynamically allocate between opportunities in the market not accessible to the money market industry. GMO’s Short Duration Strategies team looks for relative value opportunities in the U.S. while prioritizing capital preservation and liquidity standards in achieving its objective.

Facts

Doc Table
Fund Inception Date March 17, 2009
CUSIP 362013369
Fund Total Assets as of 31/10/2024 $278mm USD

Share Class VI

Inception Date March 17, 2009
Ticker Symbol GUSTX
CUSIP 362013369
NAV as of 20/11/2024 5.00
Net Expense Ratio 1 0.09
Gross Expense Ratio 2 0.12
Minimum Investment Size $300mm in Fund / $750mm in GMO

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, %)

Table Caption
1-Year 3-Year 5-Year 10-Year ITD
U.S. Treasury Fund 5.45 3.40 2.40 1.72 1.15
FTSE 3-Mo. T-Bill 5.63 3.63 2.38 1.67 1.10
  • U.S. Treasury Fund 1
  • FTSE 3-Mo. T-Bill

Inception Date: March 17, 2009

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, %)

Table Caption
QTD YTD 1-Year 3-Year 5-Year 10-Year ITD
U.S. Treasury Fund 1.44 4.01 5.45 3.40 2.40 1.72 1.15
FTSE 3-Mo. T-Bill 1.37 4.17 5.63 3.63 2.38 1.67 1.10
  • U.S. Treasury Fund 1
  • FTSE 3-Mo. T-Bill

Inception Date: March 17, 2009

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, %)

Table Caption
QTD YTD 1-Year 3-Year 5-Year 10-Year ITD
U.S. Treasury Fund 1.47 4.08 5.54 3.45 2.45 1.75 1.17
FTSE 3-Mo. T-Bill 1.37 4.17 5.63 3.63 2.38 1.67 1.10
  • U.S. Treasury Fund 1
  • FTSE 3-Mo. T-Bill

Inception Date: March 17, 2009

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 October 31, 2024(USD, %)

Table Caption
MTD QTD YTD 1-Year 3-Year 5-Year 10-Year ITD
U.S. Treasury Fund 0.37 0.37 4.40 5.35 3.59 2.40 1.76 1.17
FTSE 3-Mo. T-Bill 0.43 0.43 4.62 5.59 3.78 2.44 1.71 1.12
  • U.S. Treasury Fund 1
  • FTSE 3-Mo. T-Bill

Inception Date: March 17, 2009

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 October 31, 2024(USD, %)

Table Caption
MTD QTD YTD 1-Year 3-Year 5-Year 10-Year ITD
U.S. Treasury Fund 0.38 0.38 4.47 5.45 3.64 2.45 1.79 1.19
FTSE 3-Mo. T-Bill 0.43 0.43 4.62 5.59 3.78 2.44 1.71 1.12
  • U.S. Treasury Fund 1
  • FTSE 3-Mo. T-Bill

Inception Date: March 17, 2009

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, %)

Calendar
U.S. Treasury Fund FTSE 3-Mo. T-Bill
2023 5.57 5.26
2022 0.79 1.50
2021 0.00 0.05
2020 1.29 0.58
2019 2.19 2.25
2018 1.95 1.86
2017 0.86 0.84
2016 0.53 0.27
2015 0.11 0.03
2014 0.06 0.03
  • U.S. Treasury Fund 1
  • FTSE 3-Mo. T-Bill

Inception Date: March 17, 2009

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, %)

Calendar
U.S. Treasury Fund FTSE 3-Mo. T-Bill
2023 5.63 5.26
2022 0.80 1.50
2021 0.02 0.05
2020 1.37 0.58
2019 2.24 2.25
2018 1.96 1.86
2017 0.86 0.84
2016 0.53 0.27
2015 0.11 0.03
2014 0.07 0.03
  • U.S. Treasury Fund 1
  • FTSE 3-Mo. T-Bill

Inception Date: March 17, 2009

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
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Downloads

Performance Download
Portfolio Composition Download
Holdings Download
Semi-Annual Financial Statements and Other Information Download
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Investor Information

Semi-Annual Report Download
NAVs and Distributions Download
Tax-Related Distribution Information Download
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Document Library

Risks

The Fund is not a money market fund and is not subject to the duration, quality, diversification, and other requirements applicable to money market funds. Risks associated with investing in the Fund may include: (1) Market Risk - Fixed Income Investments: The market price of a fixed income investment can decline due to a number of market-related factors, including rising interest rates and widening credit spreads or decreased liquidity stemming from the market's uncertainty about the value of a fixed income investment (or class of fixed income investments). (2) Credit Risk: The risk that the issuer or guarantor of a fixed income investment or the obligor of an obligation underlying an asset-backed security will be unable or unwilling to satisfy its obligation to pay principal and interest or otherwise to honor its obligations in a timely manner. (3) Large Shareholder Risk: To the extent that a large number of shares of the Fund is held by a single shareholder (e.g., an institutional investor or another GMO Fund) or a group of shareholders with a common investment strategy (e.g., GMO asset allocation accounts), the Fund is subject to the risk that a redemption by those shareholders of all or a large portion of their Fund shares will require the Fund to sell securities at disadvantageous prices or otherwise disrupt the Fund’s operationsFor 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.