Overview

The GMO U.S. Quality ETF seeks to generate total return by investing in U.S. 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 GMO U.S. Quality ETF’s disciplined approach uses both quantitative and fundamental techniques to assess the relative quality and valuation of U.S.-domiciled companies and aims to exploit a long-term investment horizon while withstanding short-term volatility in an actively managed ETF format.

Facts

Doc Table
Fund Inception Date November 13, 2023
Ticker Symbol QLTY
CUSIP 90139K100
Exchange NYSE
Benchmark S&P 500
Fund Total Assets as of 3/31/2024 $440mm USD

Prices and Trading

Doc Table
NAV as of 4/22/2024 28.64
1 Day NAV Change as of 4/22/2024 0.19
Market Price 28.65
Premium/Discount 0.04 %
30 Day Median Bid/Ask Spread 1 0.03 %
30 Day Average Share Volume 2 337119

1 Median 30 Day Bid/Ask Spread: An exchange traded fund's (“ETF”) median bid-ask spread, expressed as a percentage rounded to the nearest hundredth, is computed by identifying the ETF's national best bid and national best offer as of the end of each 10 second interval during each trading day of the last 30 calendar days; dividing the difference between each such bid and offer by the midpoint of the national best bid and national best offer; and identifying the median of those values. For the first 30 calendar days of trading, the median bid-ask spread for the ETF will reflect the number of calendar days the ETF has been operating.

2 30 Day Average Share Volume: The average number of shares traded in an ETF across all U.S. exchanges over the last 30 trading days. For the first 30 trading days, the volume of the ETF will reflect the number of trading days the ETF has been operating.

Performance

Quarter-End as of March 31, 2024 | Net of Fees

Table Caption
QTD YTD ITD
U.S. Quality ETF NAV 11.78 11.78 19.21
S&P 500 10.56 10.56 19.83
  • U.S. Quality ETF NAV 1
  • S&P 500

Inception Date: November 13, 2023

Returns shown for periods greater than one year are on an annualized basis.

1 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.

Exchange Traded Funds (ETFs) are bought and sold through exchange trading at market price (not NAV), and are not individually redeemed from the fund. Shares may trade at a premium or discount to their NAV in the secondary market. Brokerage commissions will reduce returns.

Quarter-End as of March 31, 2024 | Net of Fees

Table Caption
QTD YTD ITD
U.S. Quality ETF Market Price 11.70 11.70 17.84
S&P 500 10.56 10.56 17.57
  • U.S. Quality ETF Market Price 1
  • S&P 500

Inception Date: November 14, 2023

Returns shown for periods greater than one year are on an annualized basis.

1 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.

Exchange Traded Funds (ETFs) are bought and sold through exchange trading at market price (not NAV), and are not individually redeemed from the fund. Shares may trade at a premium or discount to their NAV in the secondary market. Brokerage commissions will reduce returns.

Month-End as of March 31, 2024 | Net of Fees

Table Caption
MTD QTD YTD ITD
U.S. Quality ETF NAV 2.48 11.78 11.78 19.21
S&P 500 3.22 10.56 10.56 19.83
  • U.S. Quality ETF NAV 1
  • S&P 500

Inception Date: November 13, 2023

Returns shown for periods greater than one year are on an annualized basis.

1 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.

Exchange Traded Funds (ETFs) are bought and sold through exchange trading at market price (not NAV), and are not individually redeemed from the fund. Shares may trade at a premium or discount to their NAV in the secondary market. Brokerage commissions will reduce returns.

Month-End as of March 31, 2024 | Net of Fees

Table Caption
MTD QTD YTD ITD
U.S. Quality ETF Market Price 2.46 11.70 11.70 17.84
S&P 500 3.22 10.56 10.56 17.57
  • U.S. Quality ETF Market Price 1
  • S&P 500

Inception Date: November 14, 2023

Returns shown for periods greater than one year are on an annualized basis.

1 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.

Exchange Traded Funds (ETFs) are bought and sold through exchange trading at market price (not NAV), and are not individually redeemed from the fund. Shares may trade at a premium or discount to their NAV in the secondary market. Brokerage commissions will reduce returns.

Year Ending December 31 | Net of Fees

Calendar
U.S. Quality ETF S&P 500
2023 6.65 8.39
  • U.S. Quality ETF NAV 1
  • S&P 500

Inception Date: November 13, 2023

Returns shown for periods greater than one year are on an annualized basis.

1 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.

Exchange Traded Funds (ETFs) are bought and sold through exchange trading at market price (not NAV), and are not individually redeemed from the fund. Shares may trade at a premium or discount to their NAV in the secondary market. Brokerage commissions will reduce returns.

Year Ending December 31 | Net of Fees

Calendar
U.S. Quality ETF S&P 500
2023 5.50 6.34
  • U.S. Quality ETF Market Price 1
  • S&P 500

Inception Date: November 14, 2023

Returns shown for periods greater than one year are on an annualized basis.

1 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.

Exchange Traded Funds (ETFs) are bought and sold through exchange trading at market price (not NAV), and are not individually redeemed from the fund. Shares may trade at a premium or discount to their NAV in the secondary market. Brokerage commissions will reduce returns.

Fees and Expenses

Doc Table
Total Annual Fund Operating Expenses 0.50
Expense Ratio 1 0.50

1 Expense Ratio is equal to the Fund’s Total Annual Operating Expenses set forth in the Fund’s most recent prospectus dated October 30, 2023.

Premium/Discount History

4/1/2024 12:00:00 AM
4/2/2024 12:00:00 AM
4/3/2024 12:00:00 AM
4/4/2024 12:00:00 AM
4/5/2024 12:00:00 AM
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4/15/2024 12:00:00 AM
4/16/2024 12:00:00 AM
4/17/2024 12:00:00 AM
4/18/2024 12:00:00 AM
4/19/2024 12:00:00 AM
4/22/2024 12:00:00 AM
0.01
-0.01
0.02
0.03
0.02
0.04
0.04
0.02
-0.02
0.01
0.03
0.04
0.03
0.05
0.03
0.04
Days at premium 14
Days at a discount 2
Days at NAV 0

The above table and line graph present information about the differences between the daily closing price for shares of the fund and the fund’s net asset value (NAV). The closing prices are determined by the fund’s listing exchange. The vertical axis of the line graph shows the premium or discount expressed as a percentage of NAV. The horizontal axis indicates the date at which the premium/discount occurred. The table shows the number of trading days in which the fund traded at a premium, discount or at NAV.

The premium/discount is the amount the fund’s closing price is trading above or below the reported NAV, expressed as a percentage of the NAV. When the fund’s closing price is greater than the fund’s NAV, it is said to be trading at a “premium” and the percentage is expressed as a positive number. When the fund’s closing price is less than the fund’s NAV, it is said to be trading at a “discount” and the percentage is expressed as a negative number.

Shareholders may pay more than NAV when buying fund shares and receive less than NAV when selling fund shares, because shares are bought and sold at current market prices. The performance quoted represents past performance and does not guarantee future results.

1/2/2024 12:00:00 AM
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2/29/2024 12:00:00 AM
3/1/2024 12:00:00 AM
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3/5/2024 12:00:00 AM
3/6/2024 12:00:00 AM
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3/11/2024 12:00:00 AM
3/12/2024 12:00:00 AM
3/13/2024 12:00:00 AM
3/14/2024 12:00:00 AM
3/15/2024 12:00:00 AM
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3/25/2024 12:00:00 AM
3/26/2024 12:00:00 AM
3/27/2024 12:00:00 AM
3/28/2024 12:00:00 AM
-0.04
0.02
0.00
0.02
0.07
-0.02
0.06
0.03
0.06
0.01
0.03
0.06
0.02
0.03
0.02
0.04
0.05
0.04
0.04
0.02
0.00
0.03
0.02
0.03
0.03
0.03
0.02
0.06
0.04
0.06
0.00
0.01
0.04
0.06
0.03
0.03
0.03
0.01
0.05
0.05
-0.02
0.00
0.03
0.04
0.05
0.01
-0.02
0.04
0.03
0.00
0.08
-0.03
0.05
0.01
-0.01
0.02
0.04
0.00
0.10
0.06
-0.04
Days at premium 48
Days at a discount 7
Days at NAV 6

The above table and line graph present information about the differences between the daily closing price for shares of the fund and the fund’s net asset value (NAV). The closing prices are determined by the fund’s listing exchange. The vertical axis of the line graph shows the premium or discount expressed as a percentage of NAV. The horizontal axis indicates the date at which the premium/discount occurred. The table shows the number of trading days in which the fund traded at a premium, discount or at NAV.

The premium/discount is the amount the fund’s closing price is trading above or below the reported NAV, expressed as a percentage of the NAV. When the fund’s closing price is greater than the fund’s NAV, it is said to be trading at a “premium” and the percentage is expressed as a positive number. When the fund’s closing price is less than the fund’s NAV, it is said to be trading at a “discount” and the percentage is expressed as a negative number.

Shareholders may pay more than NAV when buying fund shares and receive less than NAV when selling fund shares, because shares are bought and sold at current market prices. The performance quoted represents past performance and does not guarantee future results.

11/15/2023 12:00:00 AM
11/16/2023 12:00:00 AM
11/17/2023 12:00:00 AM
11/20/2023 12:00:00 AM
11/21/2023 12:00:00 AM
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12/12/2023 12:00:00 AM
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12/14/2023 12:00:00 AM
12/15/2023 12:00:00 AM
12/18/2023 12:00:00 AM
12/19/2023 12:00:00 AM
12/20/2023 12:00:00 AM
12/21/2023 12:00:00 AM
12/22/2023 12:00:00 AM
12/26/2023 12:00:00 AM
12/27/2023 12:00:00 AM
12/28/2023 12:00:00 AM
12/29/2023 12:00:00 AM
0.01
-0.03
0.05
-0.01
0.06
0.06
0.00
0.06
0.05
0.02
0.03
0.01
0.01
-0.04
-0.04
0.04
0.03
-0.01
-0.03
-0.03
-0.03
0.00
0.06
0.04
0.05
0.04
0.04
-0.03
0.01
0.00
0.04
Days at premium 19
Days at a discount 9
Days at NAV 3

The above table and line graph present information about the differences between the daily closing price for shares of the fund and the fund’s net asset value (NAV). The closing prices are determined by the fund’s listing exchange. The vertical axis of the line graph shows the premium or discount expressed as a percentage of NAV. The horizontal axis indicates the date at which the premium/discount occurred. The table shows the number of trading days in which the fund traded at a premium, discount or at NAV.

The premium/discount is the amount the fund’s closing price is trading above or below the reported NAV, expressed as a percentage of the NAV. When the fund’s closing price is greater than the fund’s NAV, it is said to be trading at a “premium” and the percentage is expressed as a positive number. When the fund’s closing price is less than the fund’s NAV, it is said to be trading at a “discount” and the percentage is expressed as a negative number.

Shareholders may pay more than NAV when buying fund shares and receive less than NAV when selling fund shares, because shares are bought and sold at current market prices. The performance quoted represents past performance and does not guarantee future results.

Documents

Literature

QLTY Overview Download
Fact Sheet Download
Prospectus Download
Summary Prospectus Download
Statement of Additional Information Download
Download All Download

Downloads

Performance Download
Portfolio Composition Download
Holdings Download
Download All Download

Commentary & Attribution

Attribution - Monthly Download
Attribution - Quarterly Download
Attribution - YTD Download
Download All Download

Investor Information

Semiannual Report Download
Distribution Dates Download
Tax-Related Distribution Information Download
Download All Download

Risks

Risks associated with investing in the Fund may include: (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 the prospectus above.

The GMO ETFs are distributed in the United States by Foreside Fund Services LLC. GMO and Foreside Fund Services LLC are not affiliated.