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Overview

The GMO International Equity Fund seeks to generate high total return by investing primarily in non-U.S. developed market equities. The Fund measures its performance against the MSCI EAFE Index.

The Fund’s investment approach is grounded in the Systematic Equity team’s belief that, in the short term, equity markets exhibit exploitable inefficiencies as a result of irrational investor actions, the imperfect flow of information, and the participation of non-economic actors, while in the long-term returns are ultimately driven by economic reality. The Fund aims to take advantage of these inefficiencies by utilizing a multi-factor valuation model in conjunction with other methods, such as momentum and corporate alerts, to identify  undervalued equity securities.

Facts

Doc Table
Fund Inception Date March 31, 1987
CUSIP 362007304
Fund Total Assets as of 31/10/2024 $985mm USD

Share Class III

Inception Date March 31, 1987
Ticker Symbol GMOIX
CUSIP 362007304
NAV as of 20/11/2024 24.31
Net Expense Ratio 1 0.68
Gross Expense Ratio 2 0.72
Minimum Investment Size $35mm 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, %) | International Equity Fund-III

Table Caption
1-Year 3-Year 5-Year 10-Year ITD
International Equity Fund 26.95 8.87 11.00 5.50 7.46
MSCI EAFE 24.77 5.48 8.20 5.71 5.49
MSCI EAFE Value 23.14 8.94 8.27 4.56 6.46
  • International Equity Fund 1
  • MSCI EAFE
  • MSCI EAFE Value

Inception Date: March 31, 1987

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, %) | International Equity Fund-III

Table Caption
QTD YTD 1-Year 3-Year 5-Year 10-Year ITD
International Equity Fund 8.58 16.54 26.95 8.87 11.00 5.50 7.46
MSCI EAFE 7.26 12.99 24.77 5.48 8.20 5.71 5.49
MSCI EAFE Value 8.89 13.79 23.14 8.94 8.27 4.56 6.46
  • International Equity Fund 1
  • MSCI EAFE
  • MSCI EAFE Value

Inception Date: March 31, 1987

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, %) | International Equity Fund-III

Table Caption
QTD YTD 1-Year 3-Year 5-Year 10-Year ITD
International Equity Fund 8.76 17.13 27.80 9.59 11.73 6.19 8.19
MSCI EAFE 7.26 12.99 24.77 5.48 8.20 5.71 5.49
MSCI EAFE Value 8.89 13.79 23.14 8.94 8.27 4.56 6.46
  • International Equity Fund 1
  • MSCI EAFE
  • MSCI EAFE Value

Inception Date: March 31, 1987

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, %) | International Equity Fund-III

Table Caption
MTD QTD YTD 1-Year 3-Year 5-Year 10-Year ITD
International Equity Fund -5.54 -5.54 10.09 24.67 6.17 8.68 5.12 7.28
MSCI EAFE -5.44 -5.44 6.85 22.97 2.70 6.24 5.27 5.32
MSCI EAFE Value -4.70 -4.70 8.44 22.75 6.64 6.47 4.27 6.31
  • International Equity Fund 1
  • MSCI EAFE
  • MSCI EAFE Value

Inception Date: March 31, 1987

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, %) | International Equity Fund-III

Table Caption
MTD QTD YTD 1-Year 3-Year 5-Year 10-Year ITD
International Equity Fund -5.48 -5.48 10.70 25.51 6.88 9.40 5.81 8.01
MSCI EAFE -5.44 -5.44 6.85 22.97 2.70 6.24 5.27 5.32
MSCI EAFE Value -4.70 -4.70 8.44 22.75 6.64 6.47 4.27 6.31
  • International Equity Fund 1
  • MSCI EAFE
  • MSCI EAFE Value

Inception Date: March 31, 1987

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, %) | International Equity Fund-III

Calendar
International Equity Fund MSCI EAFE MSCI EAFE Value
2023 20.49 18.24 18.95
2022 -10.43 -14.45 -5.58
2021 12.14 11.26 10.89
2020 7.46 7.82 -2.63
2019 24.52 22.01 16.09
2018 -20.55 -13.79 -14.78
2017 25.73 25.03 21.44
2016 1.71 1.00 5.02
2015 -5.61 -0.81 -5.68
2014 -6.49 -4.90 -5.39
  • International Equity Fund 1
  • MSCI EAFE
  • MSCI EAFE Value

Inception Date: March 31, 1987

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, %) | International Equity Fund-III

Calendar
International Equity Fund MSCI EAFE MSCI EAFE Value
2023 21.29 18.24 18.95
2022 -9.83 -14.45 -5.58
2021 12.87 11.26 10.89
2020 8.17 7.82 -2.63
2019 25.32 22.01 16.09
2018 -20.02 -13.79 -14.78
2017 26.54 25.03 21.44
2016 2.38 1.00 5.02
2015 -4.99 -0.81 -5.68
2014 -5.87 -4.90 -5.39
  • International Equity Fund 1
  • MSCI EAFE
  • MSCI EAFE Value

Inception Date: March 31, 1987

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
Prospectus Download
Summary Prospectus Download
Statement of Additional Information Download
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Downloads

Performance Download
Portfolio Composition Download
Holdings Download
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Commentary & Attribution

Commentary Quarterly Download
Market Review 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 Estimate 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) Management and Operational Risk: The risk that GMO's investment techniques will fail to produce desired results, including annualized returns and annualized volatility.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.