Overview

The GMO Resource Transition Fund seeks to generate total return by investing primarily in equities of companies in the resource transition sector. The Fund’s benchmark is the MSCI ACWI Commodity Producers ex-Energy Index.

GMO’s Focused Equity team believes that global population growth, the industrialization of emerging markets, and the clean energy transition will increase global demand for natural resources and that, given their finite supply, the prices of these resources will increase over time. The Fund seeks to invest in the securities of companies that we believe will benefit from – and avoid companies we believe will be adversely affected by – this expected long-term rise in natural resource prices as well as the increasing demand for clean energy.

Facts

Doc Table
Fund Inception Date February 15, 2023
Fund Total Assets as of 2/28/2023 $460mm USD
Benchmark MSCI ACWI Commodity Producers ex-Energy

Share Class VI

Inception Date February 15, 2023
Ticker Symbol GMOYX
CUSIP 36256V445
NAV as of 3/17/2023 17.06
Net Expense Ratio 1 0.86
Gross Expense Ratio 2 0.93
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, 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 dated June 30, 2022.

Performance

Month-End as of February 28, 2023(USD, %)

Table Caption
MTD QTD YTD ITD
Resource Transition Fund -5.10 -5.10 -5.10 -5.10
MSCI ACWI Commodity Producers ex-Energy -3.68 -3.68 -3.68 -3.68
  • Resource Transition Fund
  • MSCI ACWI Commodity Producers ex-Energy

Inception Date: February 15, 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.

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.

Month-End as of February 28, 2023(USD, %)

Table Caption
MTD QTD YTD ITD
Resource Transition Fund -5.07 -5.07 -5.07 -5.07
MSCI ACWI Commodity Producers ex-Energy -3.68 -3.68 -3.68 -3.68
  • Resource Transition Fund
  • MSCI ACWI Commodity Producers ex-Energy

Inception Date: February 15, 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.

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.

Documents

Literature

Prospectus Download
Statement of Additional Information Download
Download All Download

Downloads

Performance Download
Portfolio Composition Download
Segment Weights Download
Holdings Download
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Commentary & Attribution

Attribution - Monthly Download
Attribution - YTD Download
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Investor Information

Risks

Risks associated with investing in the Fund may include Focused Investment Risk, Commodoties Risk, Market Risk - Equities, Management and Operational Risk, and Smaller Company Risk.

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.