Overview

The GMO Quality Select Investment 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. The Fund will be managed to maintain a portfolio-level carbon footprint that is below the level of that of the MSCI World Index. In addition, GMO excludes from the investment universe: (i) companies that appear on the Norges Bank's Exclusion List; and (ii) companies it determines to be in the following industries: fossil fuels, tobacco, alcohol, gambling, adult entertainment, and controversial munitions.

Facts

Doc Table
Fund Inception Date September 6, 2023
Fund Total Assets as of 31/10/2024 $186mm USD

NOK Class DH

Inception Date September 13, 2023
SEDOL 07CPCDL
ISIN IE0007CPCDL4
NAV as of 20/11/2024 256.28

Performance

Quarter-End as of September 30, 2024(NOK, %) | Quality Select Investment Fund DH NOK

Table Caption
QTD YTD 1-Year ITD
Quality Select Investment Fund 5.40 22.09 36.11 28.54
MSCI World (Hedged to USD) 6.36 18.86 32.43 26.47
  • Quality Select Investment Fund 1
  • MSCI World (Hedged to USD)

Inception Date: September 13, 2023

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(NOK, %) | Quality Select Investment Fund DH NOK

Table Caption
QTD YTD 1-Year ITD
Quality Select Investment Fund 5.53 22.54 36.77 29.16
MSCI World (Hedged to USD) 6.36 18.86 32.43 26.47
  • Quality Select Investment Fund 1
  • MSCI World (Hedged to USD)

Inception Date: September 13, 2023

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(NOK, %) | Quality Select Investment Fund DH NOK

Table Caption
MTD QTD YTD 1-Year ITD
Quality Select Investment Fund -2.74 -2.74 18.75 32.60 23.09
MSCI World (Hedged to USD) -1.98 -1.98 16.50 33.68 22.08
  • Quality Select Investment Fund 1
  • MSCI World (Hedged to USD)

Inception Date: September 13, 2023

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(NOK, %) | Quality Select Investment Fund DH NOK

Table Caption
MTD QTD YTD 1-Year ITD
Quality Select Investment Fund -2.70 -2.70 19.24 33.25 23.69
MSCI World (Hedged to USD) -1.98 -1.98 16.50 33.68 22.08
  • Quality Select Investment Fund 1
  • MSCI World (Hedged to USD)

Inception Date: September 13, 2023

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 (NOK, %) | Quality Select Investment Fund DH NOK

Calendar
Quality Select Investment Fund MSCI World (Hedged to USD)
2023 6.57 7.62
  • Quality Select Investment Fund 1
  • MSCI World (Hedged to USD)

Inception Date: September 13, 2023

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 (NOK, %) | Quality Select Investment Fund DH NOK

Calendar
Quality Select Investment Fund MSCI World (Hedged to USD)
2023 6.73 7.62
  • Quality Select Investment Fund 1
  • MSCI World (Hedged to USD)

Inception Date: September 13, 2023

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

Prospectus Download
Prospectus - Supplement Download
KIIDs Download
PRIIPs Download
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Downloads

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

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

Annual Report Download
Semiannual Report Download
Fair Value Hierarchy - As of 30/09/23 Download
Fair Value Hierarchy - As of 31/03/24 Download
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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

The making available of any document on this website does not constitute a promotion, offer or sale of any securities, financial instruments, or other financial products to the public in or into any jurisdiction where such promotion, offer or sale is prohibited or to any person or class of person to whom such securities or financial instruments may not be lawfully promoted, offered or sold. You should not rely on any document on this website in making any decision to engage in investment activity without seeking further information from GMO to enable GMO to determine whether you may be eligible to receive such further information or purchase or subscribe for any securities or other financial instruments.

This product is based overseas and is not subject to the UK sustainable investment labelling and disclosure requirements. Please refer to the UK Financial Conduct Authority webpage for more information: https://www.fca.org.uk/consumers/sustainable-investment-labels-greenwashing