Overview

The GMO Climate Change Trust seeks to deliver high total return by investing primarily in equities of companies GMO believes are positioned to benefit, directly or indirectly, from efforts to curb or mitigate the long-term effects of global climate change, to address the environmental challenges presented by global climate change, or to help the world adapt to climate change through improved efficiency of resource consumption. The Trust invests globally across the capitalization spectrum, which allows GMO to pursue attractive investment opportunities wherever they may be.

The Focused Equity team believes exceptional opportunities for long-term investors abound in a world mobilizing to address climate change, and profitability associated with efforts to mitigate and adapt to climate change is largely independent of the global economy. Climate change investors can benefit from this unique, diversifying source of return, historically available at attractive valuations given the secular tailwinds of change.


Facts

Doc Table
Fund Inception Date October 5, 2021
NAV as of 19/06/2024 0.7760
Fund Total Assets as of 31/05/2024 $71mm AUD

Performance

Quarter-End as of March 31, 2024(AUD, %)

Table Caption
QTD YTD 1-Year ITD
Climate Change Trust -1.94 -1.94 -14.11 -4.13
MSCI ACWI 13.10 13.10 26.43 10.53
  • Climate Change Trust 1 - 2
  • MSCI ACWI

Inception Date: October 05, 2021

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

Net returns are presented after the deduction of management fees and incentive fees if applicable. These returns include transaction costs, commissions and withholding taxes on foreign income and capital gains and include the reinvestment of dividends and other income, as applicable.

1 The GMO Climate Change Trust ARSN 696 030 896(“the Trust”) is issued by GMO Australia Limited ABN 30 071 502 639, AFS Licence No. 236 656.

2 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. The portfolio is not managed relative to a benchmark. References to an index are for informational purposes only.

Quarter-End as of March 31, 2024(AUD, %)

Table Caption
QTD YTD 1-Year ITD
Climate Change Trust -1.76 -1.76 -13.45 -3.39
MSCI ACWI 13.10 13.10 26.43 10.53
  • Climate Change Trust 1 - 2
  • MSCI ACWI

Inception Date: October 05, 2021

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

Gross returns are presented gross of management fees and incentive fees if applicable. These returns include transaction costs, commissions and withholding taxes on foreign income and capital gains and include the reinvestment of dividends and other income, as applicable.

1 The GMO Climate Change Trust ARSN 696 030 896(“the Trust”) is issued by GMO Australia Limited ABN 30 071 502 639, AFS Licence No. 236 656.

2 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. The portfolio is not managed relative to a benchmark. References to an index are for informational purposes only.

Month-End as of May 31, 2024(AUD, %)

Table Caption
MTD QTD YTD 1-Year ITD
Climate Change Trust 4.59 -0.43 -2.36 -11.84 -4.03
MSCI ACWI 1.60 -1.23 11.71 20.23 9.32
  • Climate Change Trust 1 - 2
  • MSCI ACWI

Inception Date: October 05, 2021

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

Net returns are presented after the deduction of management fees and incentive fees if applicable. These returns include transaction costs, commissions and withholding taxes on foreign income and capital gains and include the reinvestment of dividends and other income, as applicable.

1 The GMO Climate Change Trust ARSN 696 030 896(“the Trust”) is issued by GMO Australia Limited ABN 30 071 502 639, AFS Licence No. 236 656.

2 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. The portfolio is not managed relative to a benchmark. References to an index are for informational purposes only.

Month-End as of May 31, 2024(AUD, %)

Table Caption
MTD QTD YTD 1-Year ITD
Climate Change Trust 4.65 -0.30 -2.05 -11.15 -3.29
MSCI ACWI 1.60 -1.23 11.71 20.23 9.32
  • Climate Change Trust 1 - 2
  • MSCI ACWI

Inception Date: October 05, 2021

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

Gross returns are presented gross of management fees and incentive fees if applicable. These returns include transaction costs, commissions and withholding taxes on foreign income and capital gains and include the reinvestment of dividends and other income, as applicable.

1 The GMO Climate Change Trust ARSN 696 030 896(“the Trust”) is issued by GMO Australia Limited ABN 30 071 502 639, AFS Licence No. 236 656.

2 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. The portfolio is not managed relative to a benchmark. References to an index are for informational purposes only.

Year Ending December 31 (AUD, %)

Calendar
Climate Change Trust MSCI ACWI
2023 -5.74 21.45
2022 -4.12 -12.48
2021 1.61 6.68
  • Climate Change Trust 1 - 2
  • MSCI ACWI

Inception Date: October 05, 2021

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

Net returns are presented after the deduction of management fees and incentive fees if applicable. These returns include transaction costs, commissions and withholding taxes on foreign income and capital gains and include the reinvestment of dividends and other income, as applicable.

1 The GMO Climate Change Trust ARSN 696 030 896(“the Trust”) is issued by GMO Australia Limited ABN 30 071 502 639, AFS Licence No. 236 656.

2 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. The portfolio is not managed relative to a benchmark. References to an index are for informational purposes only.

Year Ending December 31 (AUD, %)

Calendar
Climate Change Trust MSCI ACWI
2023 -5.02 21.45
2022 -3.37 -12.48
2021 1.80 6.68
  • Climate Change Trust 1 - 2
  • MSCI ACWI

Inception Date: October 05, 2021

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

Gross returns are presented gross of management fees and incentive fees if applicable. These returns include transaction costs, commissions and withholding taxes on foreign income and capital gains and include the reinvestment of dividends and other income, as applicable.

1 The GMO Climate Change Trust ARSN 696 030 896(“the Trust”) is issued by GMO Australia Limited ABN 30 071 502 639, AFS Licence No. 236 656.

2 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. The portfolio is not managed relative to a benchmark. References to an index are for informational purposes only.

Documents

Literature

GMO Trust Additional Investment Form Download
GMO Trust Redemption Form Download
Fact Sheet Download
Product Profile Download
Information Memorandum for Wholesale Investors Download
Product Disclosure Statements for Non-Wholesale Investors Download
CRS Self Certification Form for Entities Download
CRS Self Certification Form for Individuals Download
Statement of Additional Information Download
Download All Download

Downloads

Performance Download
Portfolio Composition Download
Segment Weights Download
Top Holdings Download
Holdings Download
Holdings - Public Download
Download All Download

Commentary & Attribution

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

Investor Information

Annual Report Download
NAVs and Distributions Download
Target Market Determination Download
Download All Download

Risks

Risks associated with investing in the Trust are as follows: (1) Focused Investment Risk: Because the Trust focuses its investments in securities of companies involved in climate change-related industries, the Trust will be more susceptible to events or factors affecting these companies, and the market prices of its portfolio securities may be more volatile than those of trusts that are more diversified. (2) 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 Trust's shares. (3) Management and Operational Risk: The Trust runs the risk that GMO's investment techniques will fail to produce desired results. For a more complete discussion of these risks and others, please consult the Trusts Information Memorandum or Product Disclosure Statement.

Disclosures

The GMO Australia Trusts (the "Trusts") are issued by GMO Australia Limited ABN 30 071 502 639, AFS Licence No. 236 656. The Trusts accept investments from wholesale investors only. Retail investors are not able to directly invest in the Trusts but may be able to gain exposure to some of the Trusts by investing with certain investor directed portfolio services, master trusts, wrap accounts or custodians ("Services"). GMO Australia Limited, GMO LLC, and their affiliates, do not guarantee the performance of any Trust or the repayment of an investor's capital.

This information is of a general nature only and is not advice. It does not take into account the objectives, financial situation or needs of any specific investor. The offer to invest in a Trust for wholesale investors is contained in the current Information Memorandum. A Product Disclosure Statement ("PDS") may be available for some of the Trusts and is solely for use by retail investors gaining exposure to a Trust through a Service. The Information Memorandum and PDS (if available) may be accessed from this website. Investors should read the Information Memorandum or PDS, consider their own circumstances, and obtain their own advice before making an investment decision.

Unit holder Communications

From time-to-time GMO will send you:

• Notices in relation to meetings of the members of a GMO Australian trust;

• Statutory reports (including the annual report), (together, “Unit holder Communications”).

GMO will send you Unit holder Communications electronically where you have provided us with an email address, unless you have specifically elected or requested otherwise. We therefore encourage you to provide us with your email address so we can communicate with you electronically when Unit holder Communications become available. Please note, we are required to advise you that you can elect (on a standing basis) to receive some or all of your Unit holder Communications in physical or electronic form or to not receive certain Unit holder Communications such as the annual report. You may also request on an ad hoc basis to receive a particular Unit holder Communication in physical or electronic form.

Please contact GMO Australia’s Client Relations team (sydcst@gmo.com) with any questions or to change your election.