Small Cap Quality Fund
Mutual Fund | Equities
Overview
The GMO Small Cap Quality Fund seeks to generate total return by investing primarily in equities of U.S. small cap companies that 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 U.S. small cap companies and aims to exploit a long-term investment horizon while withstanding short-term volatility.
Facts
| Fund Inception Date | September 20, 2022 |
| CUSIP | 36256V494 |
| Fund Total Assets as of 7/31/2025 | $593mm USD |
Share Class III
| Inception Date | November 15, 2022 |
| Ticker Symbol | GMAWX |
| CUSIP | 36256V536 |
| NAV as of 8/14/2025 | 23.45 |
| Net Expense Ratio 1 | 0.76 |
| Gross Expense Ratio 2 | 0.84 |
1 Net Expense Ratio reflects the reduction of expenses from fee reimbursements. The fee reimbursements will continue until at least June 30, 2026. 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, 2025.
Performance
Quarter-End as of June 30, 2025(USD, %) | Small Cap Quality Fund-III
| 1-Year | ITD | |
|---|---|---|
| Small Cap Quality Fund | -2.18 | 10.57 |
| S&P 600 | 4.60 | 4.87 |
Inception Date: November 15, 2022
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, 2025(USD, %) | Small Cap Quality Fund-III
| QTD | YTD | 1-Year | ITD | |
|---|---|---|---|---|
| Small Cap Quality Fund | 5.74 | -4.64 | -2.18 | 10.57 |
| S&P 600 | 4.90 | -4.46 | 4.60 | 4.87 |
Inception Date: November 15, 2022
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, 2025(USD, %) | Small Cap Quality Fund-III
| QTD | YTD | 1-Year | ITD | |
|---|---|---|---|---|
| Small Cap Quality Fund | 5.94 | -4.28 | -1.43 | 11.41 |
| S&P 600 | 4.90 | -4.46 | 4.60 | 4.87 |
Inception Date: November 15, 2022
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 July 31, 2025(USD, %) | Small Cap Quality Fund-III
| MTD | QTD | YTD | 1-Year | ITD | |
|---|---|---|---|---|---|
| Small Cap Quality Fund | 1.23 | 1.23 | -3.47 | -6.44 | 10.73 |
| S&P 600 | 0.93 | 0.93 | -3.58 | -4.71 | 5.07 |
Inception Date: November 15, 2022
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 July 31, 2025(USD, %) | Small Cap Quality Fund-III
| MTD | QTD | YTD | 1-Year | ITD | |
|---|---|---|---|---|---|
| Small Cap Quality Fund | 1.29 | 1.29 | -3.04 | -5.73 | 11.56 |
| S&P 600 | 0.93 | 0.93 | -3.58 | -4.71 | 5.07 |
Inception Date: November 15, 2022
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, %) | Small Cap Quality Fund-III
| Small Cap Quality Fund | S&P 600 | |
|---|---|---|
| 2024 | 9.22 | 8.70 |
| 2023 | 32.66 | 16.05 |
| 2022 | -5.79 | -6.00 |
Inception Date: November 15, 2022
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, %) | Small Cap Quality Fund-III
| Small Cap Quality Fund | S&P 600 | |
|---|---|---|
| 2024 | 10.04 | 8.70 |
| 2023 | 33.65 | 16.05 |
| 2022 | -5.70 | -6.00 |
Inception Date: November 15, 2022
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 | |
| Summary Prospectus | Download | |
| Statement of Additional Information | Download | |
| Download All | Download |
Downloads
Commentary & Attribution
Investor Information
| Annual Financial Statements and Other Information | Download | |
| Annual Report | Download | |
| Semi-Annual Financial Statements and Other Information | Download | |
| Semi-Annual Report | Download | |
| NAVs and Distributions | Download | |
| Distribution Dates | Download | |
| Tax-Related Distribution Information | Download | |
| Download All | Download |
Risks
Risks associated with investing in the Fund may include: (1) Management and Operational Risk: the risk that GMO's investment techniques will fail to produce desired results, including annualized returns and annualized volatility; (2) Market Risk - Equities: the market price of equities may decline due to factors affecting the issuer, its industries, 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; and (3) Smaller Company Risk: smaller companies may have limited product lines, markets, or financial resources, lack the competitive strength of larger companies, have less experienced managers or depend on a few key employees. The securities of companies with smaller market capitalizations often are less widely held and trade less frequently and in lesser quantities, and their market prices often fluctuate more, than the securities of companies with larger market capitalizations. For a more complete discussion of these and other risks, 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.