Overview

The GMO Resources Series 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 February 1, 2018
Fund Total Assets as of 5/31/2020 $169mm USD
Benchmark MSCI ACWI Commodity Producers

Share Class R6

Inception Date December 31, 2018
Ticker Symbol GREDX
CUSIP 380132308
NAV as of 7/10/2020 8.20
Net Expense Ratio 1 0.78
Gross Expense Ratio 2 0.80

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 March 31, 2020(USD, %) | GMO Resources Series Fund Class R6

Table Caption
1-Year 3-Year 5-Year ITD
Resources Series Fund -30.56 -4.11 0.85 -0.16
MSCI ACWI Commodity Producers -38.91 -10.99 -6.53 -5.61
  • Resources Series Fund 1
  • 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.

1 GMO Resources Series Fund is a feeder fund investing substantially all of its assets in shares of a corresponding GMO Trust master fund. The GMO Resources Series Fund incepted on February 1, 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 Resources Series Fund. The effect of purchase premiums and redemption fees paid by the Series Fund to the GMO Trust master fund are not reflected for periods prior to the date on which the Series Fund commenced operations. If the effect of these payments were reflected, returns for periods prior to the date on which the Series Fund commenced operations would be less than those shown.

Quarter-End as of March 31, 2020(USD, %) | GMO Resources Series Fund Class R6

Table Caption
QTD YTD 1-Year 3-Year 5-Year ITD
Resources Series Fund -35.25 -35.25 -30.56 -4.11 0.85 -0.16
MSCI ACWI Commodity Producers -38.80 -38.80 -38.91 -10.99 -6.53 -5.61
  • Resources Series Fund 1
  • 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.

1 GMO Resources Series Fund is a feeder fund investing substantially all of its assets in shares of a corresponding GMO Trust master fund. The GMO Resources Series Fund incepted on February 1, 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 Resources Series Fund. The effect of purchase premiums and redemption fees paid by the Series Fund to the GMO Trust master fund are not reflected for periods prior to the date on which the Series Fund commenced operations. If the effect of these payments were reflected, returns for periods prior to the date on which the Series Fund commenced operations would be less than those shown.

Month-End as of May 31, 2020(USD, %) | GMO Resources Series Fund Class R6

Table Caption
MTD QTD YTD 1-Year 3-Year 5-Year ITD
Resources Series Fund 7.44 23.42 -20.08 -8.75 4.02 3.64 2.37
MSCI ACWI Commodity Producers 2.40 17.57 -28.05 -22.56 -5.23 -4.24 -3.67
  • Resources Series Fund 1
  • 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.

1 GMO Resources Series Fund is a feeder fund investing substantially all of its assets in shares of a corresponding GMO Trust master fund. The GMO Resources Series Fund incepted on February 1, 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 Resources Series Fund. The effect of purchase premiums and redemption fees paid by the Series Fund to the GMO Trust master fund are not reflected for periods prior to the date on which the Series Fund commenced operations. If the effect of these payments were reflected, returns for periods prior to the date on which the Series Fund commenced operations would be less than those shown.

Year Ending December 31 (USD, %) | GMO Resources Series Fund Class R6

Calendar
Resources Series Fund MSCI ACWI Commodity Producers
2019 19.76 13.06
2018 -7.57 -11.75
2017 28.29 13.70
2016 44.18 32.44
2015 -22.07 -25.83
2014 -17.39 -14.69
2013 3.51 3.31
2012 10.23 1.96
2011 1.35 1.35
  • Resources Series Fund 1
  • 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.

1 GMO Resources Series Fund is a feeder fund investing substantially all of its assets in shares of a corresponding GMO Trust master fund. The GMO Resources Series Fund incepted on February 1, 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 Resources Series Fund. The effect of purchase premiums and redemption fees paid by the Series Fund to the GMO Trust master fund are not reflected for periods prior to the date on which the Series Fund commenced operations. If the effect of these payments were reflected, returns for periods prior to the date on which the Series Fund commenced operations would be less than those shown.

Documents

Literature

Fact Sheet - Class PS Download
Fact Sheet - Class R6 Download
Prospectus Download
Summary 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

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 are as follows: (1) Focused Investment Risk: Because the Fund concentrates its investments in the natural resources sector, it is particularly exposed to adverse developments, including adverse price movements, affecting issuers in the natural resources sector and is subject to greater risks than a fund that invests in a wider range of industries. In addition, the market prices of securities of companies in the natural resources sector are often more volatile (particularly in the short term) than those of securities of companies in other industries. (2) Commodities Risk: Commodity prices can be extremely volatile, and exposure to commodities can cause the net asset 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. 

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.