Overview

The GMO Resources Fund seeks to generate total return by investing in equities in the natural resources sector. The Fund’s benchmark is the MSCI All Country World Commodities Index.

GMO’s Focused Equity team believes that the increasing demand for natural resources, driven primarily by population growth in and industrialization of emerging markets, coupled with the limited supply of these resources, favors an upward trend in resource prices over time. The Fund seeks to invest in the securities of companies that we believe will benefit from this expected long-term rise in natural resource prices.

Facts

Doc Table
Fund Inception Date December 28, 2011
Fund Total Assets as of 8/31/2020 $591mm USD
Benchmark MSCI ACWI Commodity Producers

Share Class III

Inception Date December 28, 2011
Ticker Symbol GOFIX
CUSIP 362014102
NAV as of 9/25/2020 18.46
Net Expense Ratio 1 0.73
Gross Expense Ratio 2 0.73
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, 2021. 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, 2020.

Performance

Quarter-End as of June 30, 2020(USD, %) | Resources Fund-III

Table Caption
1-Year 3-Year 5-Year ITD
Resources Fund -13.75 5.31 5.29 2.78
MSCI ACWI Commodity Producers -26.75 -4.13 -2.89 -3.38
  • Resources Fund
  • MSCI ACWI Commodity Producers

Inception Date: December 28, 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.

Quarter-End as of June 30, 2020(USD, %) | Resources Fund-III

Table Caption
QTD YTD 1-Year 3-Year 5-Year ITD
Resources Fund 26.59 -18.45 -13.75 5.31 5.29 2.78
MSCI ACWI Commodity Producers 20.15 -26.47 -26.75 -4.13 -2.89 -3.38
  • Resources Fund
  • MSCI ACWI Commodity Producers

Inception Date: December 28, 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.

Quarter-End as of June 30, 2020(USD, %) | Resources Fund-III

Table Caption
QTD YTD 1-Year 3-Year 5-Year ITD
Resources Fund 26.81 -18.14 -13.10 6.10 6.08 3.56
MSCI ACWI Commodity Producers 20.15 -26.47 -26.75 -4.13 -2.89 -3.38
  • Resources Fund
  • MSCI ACWI Commodity Producers

Inception Date: December 28, 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.

Month-End as of August 31, 2020(USD, %) | Resources Fund-III

Table Caption
MTD QTD YTD 1-Year 3-Year 5-Year ITD
Resources Fund 7.62 14.44 -6.68 11.26 5.53 11.10 4.33
MSCI ACWI Commodity Producers 2.18 4.86 -22.90 -14.35 -4.31 1.11 -2.79
  • Resources Fund
  • MSCI ACWI Commodity Producers

Inception Date: December 28, 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.

Month-End as of August 31, 2020(USD, %) | Resources Fund-III

Table Caption
MTD QTD YTD 1-Year 3-Year 5-Year ITD
Resources Fund 7.68 14.57 -6.21 12.07 6.31 11.93 5.12
MSCI ACWI Commodity Producers 2.18 4.86 -22.90 -14.35 -4.31 1.11 -2.79
  • Resources Fund
  • MSCI ACWI Commodity Producers

Inception Date: December 28, 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.

Year Ending December 31 (USD, %) | Resources Fund-III

Calendar
Resources Fund MSCI ACWI Commodity Producers
2019 20.08 13.06
2018 -6.74 -11.75
2017 28.37 13.70
2016 44.27 32.44
2015 -22.02 -25.83
2014 -17.34 -14.69
2013 3.58 3.31
2012 10.30 1.96
2011 1.35 1.35
  • Resources Fund
  • MSCI ACWI Commodity Producers

Inception Date: December 28, 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.

Year Ending December 31 (USD, %) | Resources Fund-III

Calendar
Resources Fund MSCI ACWI Commodity Producers
2019 20.94 13.06
2018 -6.04 -11.75
2017 29.33 13.70
2016 45.36 32.44
2015 -21.41 -25.83
2014 -16.70 -14.69
2013 4.36 3.31
2012 11.17 1.96
2011 1.36 1.35
  • Resources Fund
  • MSCI ACWI Commodity Producers

Inception Date: December 28, 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.

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

Annual Report Download
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) 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. (2) Commodities Risk: Commodity prices can be extremely volatile, and exposure to commodities can cause the value of the Fund's shares to decline or fluctuate more than if the Fund had a broader range of investments. (3) 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. 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.

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.

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