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Climate Change Series Fund

  • Vehicle Mutual Fund
  • Asset Class Equities

Overview

The GMO Climate Change Series Fund seeks to generate high total return greater than that of the MSCI All Country World Index.

GMO’s Focused Equity team believes that climate change is having a dramatic impact on the world and significant investments are (and will be) needed to head off its effects. Using a disciplined, value-oriented approach, the Fund seeks to invest in companies focused on mitigating the impacts of and adapting to the outcomes of climate change.

Facts

Doc Table
Fund Total Assets as of 4/30/2019 $6mm USD
Benchmark MSCI ACWI

Share Class R6

CUSIP 380131151
Net Expense Ratio 1 0.82
Gross Expense Ratio 2 0.83

1 Net Expense Ratio reflects the reduction of expenses from fee reimbursements. The fee reimbursements will continue until at least June 30, 2019. 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, 2018.

Performance

Quarter-End as of March 31, 2019(USD, %) | GMO Climate Change Series Fund Class R6

Table Caption
1-Year ITD
Climate Change Series Fund -7.43 6.94
MSCI ACWI 2.68 8.74
  • Climate Change Series Fund 1
  • MSCI ACWI

Inception Date: April 05, 2017

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.

1 The inception date above refers to the inception date of the GMO Climate Change Fund. Class R6 shares were first offered on December 6, 2017. GMO Climate Change Series Fund is a feeder fund investing substantially all of its assets in shares of a corresponding master fund (i.e., a corresponding GMO Trust fund). Performance data quoted for GMO Climate Change Series Fund reflects the performance data of the corresponding GMO Trust master fund re-stated to reflect the fees and expenses associated with GMO Climate Change Series Fund.

Quarter-End as of March 31, 2019(USD, %) | GMO Climate Change Series Fund Class R6

Table Caption
QTD YTD 1-Year ITD
Climate Change Series Fund 8.98 8.98 -7.43 6.94
MSCI ACWI 12.18 12.18 2.68 8.74
  • Climate Change Series Fund 1
  • MSCI ACWI

Inception Date: April 05, 2017

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.

1 The inception date above refers to the inception date of the GMO Climate Change Fund. Class R6 shares were first offered on December 6, 2017. GMO Climate Change Series Fund is a feeder fund investing substantially all of its assets in shares of a corresponding master fund (i.e., a corresponding GMO Trust fund). Performance data quoted for GMO Climate Change Series Fund reflects the performance data of the corresponding GMO Trust master fund re-stated to reflect the fees and expenses associated with GMO Climate Change Series Fund.

Month-End as of April 30, 2019(USD, %) | GMO Climate Change Series Fund Class R6

Table Caption
MTD QTD YTD 1-Year ITD
Climate Change Series Fund 2.88 2.88 12.11 -5.63 8.13
MSCI ACWI 3.38 3.38 15.96 5.06 10.14
  • Climate Change Series Fund 1
  • MSCI ACWI

Inception Date: April 05, 2017

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.

1 The inception date above refers to the inception date of the GMO Climate Change Fund. Class R6 shares were first offered on December 6, 2017. GMO Climate Change Series Fund is a feeder fund investing substantially all of its assets in shares of a corresponding master fund (i.e., a corresponding GMO Trust fund). Performance data quoted for GMO Climate Change Series Fund reflects the performance data of the corresponding GMO Trust master fund re-stated to reflect the fees and expenses associated with GMO Climate Change Series Fund.

Year Ending December 31 (USD, %) | GMO Climate Change Series Fund Class R6

Calendar
Climate Change Series Fund MSCI ACWI
2018 -15.88 -9.42
2017 24.62 16.23
  • Climate Change Series Fund 1
  • MSCI ACWI

Inception Date: April 05, 2017

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.

1 The inception date above refers to the inception date of the GMO Climate Change Fund. Class R6 shares were first offered on December 6, 2017. GMO Climate Change Series Fund is a feeder fund investing substantially all of its assets in shares of a corresponding master fund (i.e., a corresponding GMO Trust fund). Performance data quoted for GMO Climate Change Series Fund reflects the performance data of the corresponding GMO Trust master fund re-stated to reflect the fees and expenses associated with GMO Climate Change Series Fund.

Management

Hancock_Tom

Tom Hancock

Head of Focused Equity

Dr. Hancock is the head of GMO’s Focused Equity team and the portfolio manager for the Quality Strategy. Previously at GMO, he was co-head of the Global Equity team. He is a partner of the firm. Prior to joining GMO in 1995, he was a research scientist at Siemens and a software engineer at IBM. Dr. Hancock holds a Ph.D. in Computer Science from Harvard University and B.S. and M.S. degrees from Rensselaer Polytechnic Institute.

White_Lucas

Lucas White

Portfolio Manager, Focused Equity

Mr. White is the portfolio manager for the Resources and Climate Change Strategies. He is a member of GMO’s Focused Equity team and a partner of the firm. Previously at GMO, he was engaged in portfolio management for the Global Equity team, including responsibilities for the Quality, Tactical Opportunities, and U.S. Growth Strategies. Prior to joining GMO in 2006, he worked at Standish Mellon Asset Management and MFS. Mr. White earned his B.A. in Economics and Psychology from Duke University. He is a CFA charterholder.

Documents

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Performance
Portfolio Composition
Segment Weights
Top Holdings
Holdings
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Commentary & Attribution

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

Annual Report
NAVs and Distributions
Distribution Dates
Summary Distribution (Prior Year)
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Risks

Risks associated with investing in the Fund are as follows: (1) Focused Investment Risk: Because the Fund focuses its investments in securities of companies involved in climate change-related industries, the Fund will be more susceptible to events or factors affecting these companies, and the market prices of its portfolio securities may be more volatile than those of mutual funds that are more diversified. (2) Market Risk - Equities: The market price of an equity may decline due to factors affecting the issuer, its industry 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. (3) Management and Operational Risk: The Fund runs the risk that GMO's investment techniques will fail to produce desired results. 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. 

Each GMO Series Trust Fund is a feeder fund investing substantially all of its assets in shares of a corresponding GMO Trust Fund (i.e., a master fund). Under the master-feeder structure, each GMO Series Trust Fund's sole portfolio holding, other than cash, is shares of the corresponding GMO Trust Fund.

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