Overview

GMO’s Usonian Japan Value Fund seeks long term capital appreciation over a full market cycle and measures its performance against the TOPIX Total Return Index (the “Index”) for performance comparison purposes. The Fund employs a fundamental, value-oriented approach to invest in Japanese equities. Additionally, the Fund focuses on protecting capital in down markets and strives to have lower total volatility compared to the Index.

In managing the Fund, GMO’s Usonian Japan Equity team follows a disciplined, bottom-up approach using fundamental research to identify Japanese equities that we believe are undervalued and profitable with high quality balance sheets. The team spends considerable time developing a high level of knowledge about our companies and focusing on downside risk. Additionally, as long-term investors, we engage collaboratively with corporate management to unlock shareholder value.

Facts

Doc Table
Fund Inception Date February 16, 2018
Fund Total Assets as of 30/04/2021 $397mm USD

GBP Class A Dist

Inception Date January 29, 2021
SEDOL BMHKQJ7
ISIN IE00BMHKQJ76
NAV as of 14/05/2021 9.9552

Performance

Quarter-End as of March 31, 2021(GBP, %) | Usonian Japan Value Fund GBA1D

Table Caption
QTD YTD ITD
Usonian Japan Value Fund 5.17 5.17 5.17
Tokyo Stock Price Index (TR, GBP) 2.65 2.65 2.65
MSCI Japan Value (GBP) 7.62 7.62 7.62
  • Usonian Japan Value Fund
  • Tokyo Stock Price Index (TR, GBP)
  • MSCI Japan Value (GBP)

Inception Date: January 29, 2021

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 March 31, 2021(GBP, %) | Usonian Japan Value Fund GBA1D

Table Caption
QTD YTD ITD
Usonian Japan Value Fund 5.29 5.29 5.29
Tokyo Stock Price Index (TR, GBP) 2.65 2.65 2.65
MSCI Japan Value (GBP) 7.62 7.62 7.62
  • Usonian Japan Value Fund
  • Tokyo Stock Price Index (TR, GBP)
  • MSCI Japan Value (GBP)

Inception Date: January 29, 2021

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 April 30, 2021(GBP, %) | Usonian Japan Value Fund GBA1D

Table Caption
MTD QTD YTD ITD
Usonian Japan Value Fund -1.70 -1.70 3.39 3.39
Tokyo Stock Price Index (TR, GBP) -2.12 -2.12 0.47 0.47
MSCI Japan Value (GBP) -2.10 -2.10 5.36 5.36
  • Usonian Japan Value Fund
  • Tokyo Stock Price Index (TR, GBP)
  • MSCI Japan Value (GBP)

Inception Date: January 29, 2021

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 April 30, 2021(GBP, %) | Usonian Japan Value Fund GBA1D

Table Caption
MTD QTD YTD ITD
Usonian Japan Value Fund -1.64 -1.64 3.57 3.57
Tokyo Stock Price Index (TR, GBP) -2.12 -2.12 0.47 0.47
MSCI Japan Value (GBP) -2.10 -2.10 5.36 5.36
  • Usonian Japan Value Fund
  • Tokyo Stock Price Index (TR, GBP)
  • MSCI Japan Value (GBP)

Inception Date: January 29, 2021

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
Supplemental Prospectus - 5 January 2021 Download
Supplemental Prospectus - 9 March 2021 Download
Prospectus - UK Country Supplement - Mar 2021 Download
KIID - Class A1, GBP (Acc) Download
KIID - Class A1, GBP (Dist) Download
KIID - Class A2, USD Download
KIID - Class A6, GBP Download
Download All Download

Downloads

Performance Download
Portfolio Composition Download
Preliminary Performance & Characteristics Download
Download All Download

Commentary & Attribution

Commentary - Quarterly Download
Commentary - Annual Download
Attribution - Monthly Download
Attribution - Quarterly Download
Attribution - YTD Download
Download All Download

Investor Information

Semiannual Report Download
NAVs and Distributions Download
Download All Download

Risks

Risks associated with investing in the Fund may include: Objective Risk, Management Risk, Concentration Risk, Equities and Securities Risk, and Large Cap Company Risk. For a more complete discussion of these risks and others, please consult the Fund's prospectus.

Disclosures

The making available of any document on this website does not constitute a promotion, offer or sale of any securities, financial instruments, or other financial products to the public in or into any jurisdiction where such promotion, offer or sale is prohibited or to any person or class of person to whom such securities or financial instruments may not be lawfully promoted, offered or sold. You should not rely on any document on this website in making any decision to engage in investment activity without seeking further information from GMO to enable GMO to determine whether you may be eligible to receive such further information or purchase or subscribe for any securities or other financial instruments.