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Quality Series Fund

  • Vehicle Mutual Fund
  • Asset Class Equities

Overview

The GMO Quality Series 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.

Facts

Doc Table
Fund Inception Date January 4, 2018
Fund Total Assets as of 11/30/2019 $101mm USD

Share Class R4

CUSIP 380131409
Net Expense Ratio 1 0.78
Gross Expense Ratio 2 0.94

1 Net Expense Ratio reflects the reduction of expenses from fee reimbursements. The fee reimbursements will continue until at least June 30, 2020. 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, 2019.

Performance

Quarter-End as of September 30, 2019(USD, %) | GMO Quality Series Fund Class R4

Table Caption
1-Year 3-Year 5-Year 10-Year ITD
Quality Series Fund 4.90 14.85 12.17 12.95 8.09
S&P 500 4.25 13.40 10.84 13.24 8.52
MSCI World 1.83 10.21 7.18 9.01 6.82
  • Quality Series Fund 1
  • S&P 500
  • MSCI World

Inception Date: February 06, 2004

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 GMO Quality Series Fund is a feeder fund investing substantially all of its assets in shares of a corresponding GMO Trust master fund. The GMO Quality Series Fund incepted on January 4, 2018. Returns prior to that inception date are shown back to the GMO Trust master fund’s inception date and reflect the performance data of the corresponding GMO Trust master fund re-stated to reflect the fees and expenses associated with GMO Quality Series Fund.

Quarter-End as of September 30, 2019(USD, %) | GMO Quality Series Fund Class R4

Table Caption
QTD YTD 1-Year 3-Year 5-Year 10-Year ITD
Quality Series Fund 1.77 18.91 4.90 14.85 12.17 12.95 8.09
S&P 500 1.70 20.55 4.25 13.40 10.84 13.24 8.52
MSCI World 0.53 17.61 1.83 10.21 7.18 9.01 6.82
  • Quality Series Fund 1
  • S&P 500
  • MSCI World

Inception Date: February 06, 2004

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 GMO Quality Series Fund is a feeder fund investing substantially all of its assets in shares of a corresponding GMO Trust master fund. The GMO Quality Series Fund incepted on January 4, 2018. Returns prior to that inception date are shown back to the GMO Trust master fund’s inception date and reflect the performance data of the corresponding GMO Trust master fund re-stated to reflect the fees and expenses associated with GMO Quality Series Fund.

Month-End as of November 30, 2019(USD, %) | GMO Quality Series Fund Class R4

Table Caption
MTD QTD YTD 1-Year 3-Year 5-Year 10-Year ITD
Quality Series Fund 3.55 6.86 27.07 16.22 18.31 12.32 12.87 8.46
S&P 500 3.63 5.87 27.63 16.11 14.89 10.98 13.44 8.82
MSCI World 2.79 5.40 23.96 14.53 12.36 7.75 9.34 7.10
  • Quality Series Fund 1
  • S&P 500
  • MSCI World

Inception Date: February 06, 2004

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 GMO Quality Series Fund is a feeder fund investing substantially all of its assets in shares of a corresponding GMO Trust master fund. The GMO Quality Series Fund incepted on January 4, 2018. Returns prior to that inception date are shown back to the GMO Trust master fund’s inception date and reflect the performance data of the corresponding GMO Trust master fund re-stated to reflect the fees and expenses associated with GMO Quality Series Fund.

Year Ending December 31 (USD, %) | GMO Quality Series Fund Class R4

Calendar
Quality Series Fund S&P 500 MSCI World
2018 -0.14 -4.38 -8.71
2017 28.66 21.83 22.40
2016 9.38 11.96 7.51
2015 1.19 1.38 -0.87
2014 12.15 13.69 4.94
2013 24.97 32.39 26.68
2012 11.66 16.00 15.83
2011 11.41 2.11 -5.54
2010 5.14 15.06 11.76
2009 19.48 26.46 29.99
  • Quality Series Fund 1
  • S&P 500
  • MSCI World

Inception Date: February 06, 2004

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 GMO Quality Series Fund is a feeder fund investing substantially all of its assets in shares of a corresponding GMO Trust master fund. The GMO Quality Series Fund incepted on January 4, 2018. Returns prior to that inception date are shown back to the GMO Trust master fund’s inception date and reflect the performance data of the corresponding GMO Trust master fund re-stated to reflect the fees and expenses associated with GMO Quality 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.

Cobb_Ty

Ty Cobb

Portfolio Manager

Mr. Cobb is engaged in portfolio management and research within GMO’s Focused Equity team and is a partner of the firm. Previously at GMO, he led the fundamental research group for the Global Equity team. Prior to joining GMO in 1997, he worked at Brown Brothers Harriman. Mr. Cobb received a B.A. in Economics/Russian Language from Bucknell University and an M.S. in Finance from Suffolk University. He is a CFA charterholder.

Hene_Anthony

Anthony Hene

Portfolio Manager, Focused Equity

Mr. Hene is co-portfolio manager for the Quality Strategy. He is a member of the Focused Equity team and a partner of the firm. Previously at GMO, he was engaged in portfolio management within the Global Equity team. Mr. Hene joined GMO full-time in 1995. He has an MSc in Biochemistry from the University of Oxford and is a CFA charterholder.

Documents

Literature

Fact Sheet - Class PS
Fact Sheet - Class R6
Prospectus
Summary Prospectus
Statement of Additional Information
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Downloads

Performance
Portfolio Composition
Holdings
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Commentary & Attribution

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

Annual Report
Semiannual Report
NAVs and Distributions
Distribution Dates
Distribution Estimates
Summary Distribution (Prior Year)
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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) 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. 

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.

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