Overview

The GMO Quality Cyclicals Fund seeks to generate total return by investing in leading cyclical businesses. Leveraging their long-term disciplined approach to investing in high quality companies, GMO’s Focused Equity team selects from a high-conviction universe of cyclical businesses that are of higher quality than their industry peers. The team believes that quality cyclical businesses are structurally underappreciated by the market and that times of elevated stress can create extraordinary opportunities in quality cyclicals.

Facts

Doc Table
Fund Inception Date May 12, 2020
Fund Total Assets as of 9/30/2021 $140mm USD
Benchmark MSCI ACWI

Share Class VI

Inception Date May 12, 2020
Ticker Symbol GMAEX
CUSIP 36256V734
NAV as of 10/21/2021 29.46
Net Expense Ratio 1 0.40
Gross Expense Ratio 2 0.60
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, 2022. 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, 2021.

Performance

Quarter-End as of September 30, 2021(USD, %) | Quality Cyclicals Fund-VI

Table Caption
QTD YTD 1-Year ITD
Quality Cyclicals Fund -3.83 11.38 43.55 43.23
MSCI ACWI -1.05 11.12 27.44 33.86
  • Quality Cyclicals Fund 1
  • MSCI ACWI

Inception Date: May 12, 2020

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 Formerly Cyclical Focus Fund

Quarter-End as of September 30, 2021(USD, %) | Quality Cyclicals Fund-VI

Table Caption
QTD YTD 1-Year ITD
Quality Cyclicals Fund -3.73 11.72 44.11 43.79
MSCI ACWI -1.05 11.12 27.44 33.86
  • Quality Cyclicals Fund 1
  • MSCI ACWI

Inception Date: May 12, 2020

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 Formerly Cyclical Focus Fund

Month-End as of September 30, 2021(USD, %) | Quality Cyclicals Fund-VI

Table Caption
MTD QTD YTD 1-Year ITD
Quality Cyclicals Fund -1.02 -3.83 11.38 43.55 43.23
MSCI ACWI -4.13 -1.05 11.12 27.44 33.86
  • Quality Cyclicals Fund 1
  • MSCI ACWI

Inception Date: May 12, 2020

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 Formerly Cyclical Focus Fund

Month-End as of September 30, 2021(USD, %) | Quality Cyclicals Fund-VI

Table Caption
MTD QTD YTD 1-Year ITD
Quality Cyclicals Fund -0.99 -3.73 11.72 44.11 43.79
MSCI ACWI -4.13 -1.05 11.12 27.44 33.86
  • Quality Cyclicals Fund 1
  • MSCI ACWI

Inception Date: May 12, 2020

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 Formerly Cyclical Focus Fund

Year Ending December 31 (USD, %) | Quality Cyclicals Fund-VI

Calendar
Quality Cyclicals Fund MSCI ACWI
2020 47.69 34.79
  • Quality Cyclicals Fund 1
  • MSCI ACWI

Inception Date: May 12, 2020

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 Formerly Cyclical Focus Fund

Year Ending December 31 (USD, %) | Quality Cyclicals Fund-VI

Calendar
Quality Cyclicals Fund MSCI ACWI
2020 48.05 34.79
  • Quality Cyclicals Fund 1
  • MSCI ACWI

Inception Date: May 12, 2020

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 Formerly Cyclical Focus Fund

Documents

Literature

Fact Sheet Download
Prospectus Download
Summary Prospectus Download
Statement of Additional Information Download
XBRL 485(b) Download
Download All Download

Downloads

Performance Download
Portfolio Composition Download
Segment Weights 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

Semiannual Report Download
NAVs and Distributions Download
Distribution Dates Download
Tax-Related Distribution Information Download
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Risks

Risks associated with investing in the Fund may include: (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) Management and Operational Risk: The risk that GMO's investment techniques will fail to produce desired results. (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

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.