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
Prices and Trading
| NAV as of 4/25/2024 | 28.87 |
| 1 Day NAV Change as of 4/25/2024 | -0.17 |
| Market Price | 28.90 |
| Premium/Discount | 0.10 % |
| 30 Day Median Bid/Ask Spread 1 | 0.03 % |
| 30 Day Average Share Volume 2 | 328718 |
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
Fees and Expenses
| 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
Documents
Literature
Downloads
| Performance | Download | |
| Portfolio Composition | Download | |
| Holdings | Download | |
| Download All | Download |
Commentary & Attribution
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.