Overview

GMO’s Emerging Markets Select Equity Fund seeks to outperform the MSCI Emerging Markets index by identifying secular growth trends in emerging markets and investing in quality businesses with pricing power that will benefit from those trends. We believe that the best way to capture opportunities and manage risk in emerging markets today is by balancing quality and sustainable growth across both companies and countries, using a fundamental approach that combines top-down country and sector allocation with bottom-up security selection.

Environmental, Social, and Governance issues have become increasingly relevant within emerging markets over the past several years. Most importantly, in our view, climate change threatens to severely impact the trajectory of emerging countries. We view sustainability as an essential element of quality and integrate it at all levels of our analysis – country, sector, and company – with specific focus on climate change considerations.

Facts

Doc Table
Fund Inception Date March 1, 2011
Fund Total Assets as of 10/31/2022 $132mm USD
Benchmark MSCI Emerging Markets

Share Class II

Inception Date March 24, 2011
Ticker Symbol GEDTX
CUSIP 362013229
NAV as of 12/2/2022 18.25
Net Expense Ratio 1 0.81
Gross Expense Ratio 2 0.94
Minimum Investment Size $5mm in GMO

1 Net Expense Ratio reflects the reduction of expenses from fee reimbursements. The fee reimbursements will continue until at least June 30, 2023. 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 sticker dated October 26, 2022..

Performance

Quarter-End as of September 30, 2022(USD, %) | Emerging Markets Select Equity Fund-II

Table Caption
1-Year 3-Year 5-Year 10-Year ITD
Emerging Markets Select Equity Fund -29.25 -4.64 -3.95 0.94 1.48
MSCI Emerging Markets -28.11 -2.07 -1.81 1.05 0.22
  • Emerging Markets Select Equity Fund 1
  • MSCI Emerging Markets

Inception Date: March 24, 2011

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 performance information (before and after taxes) for all periods prior to October 26, 2022, was achieved prior to the change in the Fund’s investment objective and principal investment strategies, effective October 26, 2022.

Quarter-End as of September 30, 2022(USD, %) | Emerging Markets Select Equity Fund-II

Table Caption
QTD YTD 1-Year 3-Year 5-Year 10-Year ITD
Emerging Markets Select Equity Fund -11.09 -29.00 -29.25 -4.64 -3.95 0.94 1.48
MSCI Emerging Markets -11.57 -27.16 -28.11 -2.07 -1.81 1.05 0.22
  • Emerging Markets Select Equity Fund 1
  • MSCI Emerging Markets

Inception Date: March 24, 2011

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 performance information (before and after taxes) for all periods prior to October 26, 2022, was achieved prior to the change in the Fund’s investment objective and principal investment strategies, effective October 26, 2022.

Quarter-End as of September 30, 2022(USD, %) | Emerging Markets Select Equity Fund-II

Table Caption
QTD YTD 1-Year 3-Year 5-Year 10-Year ITD
Emerging Markets Select Equity Fund -10.83 -28.39 -28.45 -3.62 -2.94 2.01 2.56
MSCI Emerging Markets -11.57 -27.16 -28.11 -2.07 -1.81 1.05 0.22
  • Emerging Markets Select Equity Fund 1
  • MSCI Emerging Markets

Inception Date: March 24, 2011

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.

1 The performance information (before and after taxes) for all periods prior to October 26, 2022, was achieved prior to the change in the Fund’s investment objective and principal investment strategies, effective October 26, 2022.

Month-End as of October 31, 2022(USD, %) | Emerging Markets Select Equity Fund-II

Table Caption
MTD QTD YTD 1-Year 3-Year 5-Year 10-Year ITD
Emerging Markets Select Equity Fund -4.46 -4.46 -32.16 -33.65 -6.92 -5.32 0.42 1.07
MSCI Emerging Markets -3.10 -3.10 -29.42 -31.03 -4.41 -3.09 0.79 -0.05
  • Emerging Markets Select Equity Fund 1
  • MSCI Emerging Markets

Inception Date: March 24, 2011

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 performance information (before and after taxes) for all periods prior to October 26, 2022, was achieved prior to the change in the Fund’s investment objective and principal investment strategies, effective October 26, 2022.

Month-End as of October 31, 2022(USD, %) | Emerging Markets Select Equity Fund-II

Table Caption
MTD QTD YTD 1-Year 3-Year 5-Year 10-Year ITD
Emerging Markets Select Equity Fund -4.36 -4.36 -31.52 -32.90 -5.93 -4.32 1.49 2.15
MSCI Emerging Markets -3.10 -3.10 -29.42 -31.03 -4.41 -3.09 0.79 -0.05
  • Emerging Markets Select Equity Fund 1
  • MSCI Emerging Markets

Inception Date: March 24, 2011

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.

1 The performance information (before and after taxes) for all periods prior to October 26, 2022, was achieved prior to the change in the Fund’s investment objective and principal investment strategies, effective October 26, 2022.

Year Ending December 31 (USD, %) | Emerging Markets Select Equity Fund-II

Calendar
Emerging Markets Select Equity Fund MSCI Emerging Markets
2021 -5.21 -2.54
2020 18.23 18.31
2019 19.33 18.44
2018 -20.41 -14.58
2017 37.47 37.28
2016 4.04 11.19
2015 -8.30 -14.92
2014 -0.69 -2.19
2013 3.40 -2.60
2012 25.08 18.22
  • Emerging Markets Select Equity Fund 1
  • MSCI Emerging Markets

Inception Date: March 24, 2011

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 performance information (before and after taxes) for all periods prior to October 26, 2022, was achieved prior to the change in the Fund’s investment objective and principal investment strategies, effective October 26, 2022.

Year Ending December 31 (USD, %) | Emerging Markets Select Equity Fund-II

Calendar
Emerging Markets Select Equity Fund MSCI Emerging Markets
2021 -4.22 -2.54
2020 19.45 18.31
2019 20.54 18.44
2018 -19.56 -14.58
2017 38.89 37.28
2016 5.15 11.19
2015 -7.30 -14.92
2014 0.38 -2.19
2013 4.51 -2.60
2012 26.39 18.22
  • Emerging Markets Select Equity Fund 1
  • MSCI Emerging Markets

Inception Date: March 24, 2011

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.

1 The performance information (before and after taxes) for all periods prior to October 26, 2022, was achieved prior to the change in the Fund’s investment objective and principal investment strategies, effective October 26, 2022.

Documents

Literature

Fact Sheet Download
Fact Sheet Download
Prospectus Download
Summary Prospectus Download
Statement of Additional Information Download
Download All Download

Downloads

Performance Download
Portfolio Composition Download
Holdings 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
Semiannual Report Download
NAVs and Distributions Download
Distribution Dates Download
Distribution Estimates Download
Tax-Related Distribution Information Download
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Risks

Risks associated with investing in the Fund may include those as follows. (1) Market Risk - Equities: The market price of an equity may decline due to factors affecting the issuer or 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. (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 foreign currency holdings and investments denominated in foreign currencies. 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.