Overview

The GMO International Developed Equity Allocation Fund seeks to generate total return greater than that of the MSCI EAFE Index.

The philosophy that underlies all of GMO’s Asset Allocation investment strategies is the belief that, at times and in the short term, the pricing of asset classes can deviate from true intrinsic value, but mean reverts to appropriate valuation levels over the long term. Using GMO’s 7-Year Asset Class Forecasts, the Fund seeks to allocate to areas of the global equity markets we believe are most attractively valued. Our approach combines the best of GMO’s top-down Asset Allocation views and bottom-up equity research to identify mispricings at both the asset class and individual security levels. The Fund allocates to equity strategies that are actively managed by other GMO investment teams with expertise and experience in security selection within their respective markets. The Fund is allowed to invest up to 10% (at time of purchase) in emerging market equities.

Facts

Doc Table
Fund Inception Date June 5, 2006
Fund Total Assets as of 31/10/2020 $185mm USD
Benchmark MSCI EAFE

Share Class III

Inception Date June 5, 2006
Ticker Symbol GIOTX
CUSIP 362013450
NAV as of 25/11/2020 16.38
Net Expense Ratio 1 0.63
Gross Expense Ratio 2 0.65
Minimum Investment Size $5mm in GMO

1 Net Expense Ratio reflects the reduction of expenses from fee reimbursements. The fee reimbursements will continue until at least June 30, 2021. 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, 2020.

Performance

Quarter-End as of September 30, 2020(USD, %)

Table Caption
1-Year 3-Year 5-Year 10-Year ITD
International Developed Equity Allocation Fund 3.96 -0.90 4.22 4.22 2.85
MSCI EAFE 0.49 0.62 5.26 4.62 2.84
  • International Developed Equity Allocation Fund
  • MSCI EAFE

Inception Date: June 05, 2006

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 September 30, 2020(USD, %)

Table Caption
QTD YTD 1-Year 3-Year 5-Year 10-Year ITD
International Developed Equity Allocation Fund 5.60 -6.60 3.96 -0.90 4.22 4.22 2.85
MSCI EAFE 4.80 -7.09 0.49 0.62 5.26 4.62 2.84
  • International Developed Equity Allocation Fund
  • MSCI EAFE

Inception Date: June 05, 2006

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 September 30, 2020(USD, %)

Table Caption
QTD YTD 1-Year 3-Year 5-Year 10-Year ITD
International Developed Equity Allocation Fund 5.77 -6.16 4.60 -0.29 4.87 4.86 3.48
MSCI EAFE 4.80 -7.09 0.49 0.62 5.26 4.62 2.84
  • International Developed Equity Allocation Fund
  • MSCI EAFE

Inception Date: June 05, 2006

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 October 31, 2020(USD, %)

Table Caption
MTD QTD YTD 1-Year 3-Year 5-Year 10-Year ITD
International Developed Equity Allocation Fund -3.75 -3.75 -10.10 -4.56 -2.95 2.44 3.45 2.56
MSCI EAFE -3.99 -3.99 -10.80 -6.86 -1.24 2.85 3.82 2.54
  • International Developed Equity Allocation Fund
  • MSCI EAFE

Inception Date: June 05, 2006

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 October 31, 2020(USD, %)

Table Caption
MTD QTD YTD 1-Year 3-Year 5-Year 10-Year ITD
International Developed Equity Allocation Fund -3.70 -3.70 -9.63 -3.96 -2.35 3.07 4.09 3.19
MSCI EAFE -3.99 -3.99 -10.80 -6.86 -1.24 2.85 3.82 2.54
  • International Developed Equity Allocation Fund
  • MSCI EAFE

Inception Date: June 05, 2006

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, %)

Calendar
International Developed Equity Allocation Fund MSCI EAFE
2019 24.43 22.01
2018 -19.73 -13.79
2017 26.38 25.03
2016 3.25 1.00
2015 -6.62 -0.81
2014 -5.82 -4.90
2013 24.25 22.78
2012 17.13 17.32
2011 -9.43 -12.14
2010 10.86 7.75
  • International Developed Equity Allocation Fund
  • MSCI EAFE

Inception Date: June 05, 2006

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, %)

Calendar
International Developed Equity Allocation Fund MSCI EAFE
2019 25.18 22.01
2018 -19.22 -13.79
2017 27.14 25.03
2016 3.90 1.00
2015 -6.03 -0.81
2014 -5.23 -4.90
2013 24.98 22.78
2012 17.82 17.32
2011 -8.88 -12.14
2010 11.52 7.75
  • International Developed Equity Allocation Fund
  • MSCI EAFE

Inception Date: June 05, 2006

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
Summary Prospectus Download
Statement of Additional Information Download
XBRL 485(b) Download
Download All Download

Downloads

Performance Download
Portfolio Composition Download
Holdings Download
Holdings - Exploded Download
Holdings - Enhanced Download
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Commentary & Attribution

Commentary - Quarterly Download
Market Review Download
Attribution - Monthly Download
Attribution - Quarterly Download
Attribution - YTD Download
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Investor Information

Annual Report Download
Semiannual Report Download
NAVs and Distributions Download
Distribution Dates Download
Tax-Related Distribution Information Download
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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) Non-U.S. Investment Risk: The market prices of many non-U.S. securities (particularly of companies tied economically to emerging countries) fluctuate more than those of U.S. securities. Many non-U.S. markets (particularly emerging markets) are less stable, smaller, less liquid, and less regulated than U.S. markets, and the cost of trading in those markets often is higher than it is in U.S. markets. (3) Management and Operational Risk: 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 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.