Quality Investment Fund | Australia | GMO

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Management

Tom Hancock

Head of Focused Equity

Dr. Hancock is the head of the Focused Equity team, a portfolio manager for GMO’s Quality Strategies and a partner of the firm. Previously at GMO, he was co-head of the Global Equity team. Prior to joining GMO in 1995, he was a research scientist at Siemens and a software engineer at IBM. Dr. Hancock holds BS and MS degrees from Rensselaer Polytechnic Institute and a PhD in Computer Science from Harvard University.

Ty Cobb

Portfolio Manager

Mr. Cobb is a portfolio manager for GMO’s Quality Strategies. He is a member of the Focused Equity team and a partner of the firm. Previously at GMO, he led the fundamental research group for the Global Equity team. Prior to joining GMO in 1997, he worked at Brown Brothers Harriman. Mr. Cobb received a bachelor's degree in Economics/Russian Language from Bucknell University and an MS in Finance from Suffolk University. He is a CFA charterholder.

Anthony Hene

Portfolio Manager

Mr. Hene is a portfolio manager for GMO’s Quality Strategies and a member of the Focused Equity team. He is also a member of the GMO Board of Directors and a partner of the firm. Previously at GMO, he was engaged in portfolio management within the Global Equity team. Mr. Hene joined GMO full-time in 1995. He has an MSc in Biochemistry from the University of Oxford and is a CFA charterholder.

Overview

The GMO Quality Investment Fund seeks to generate total return by investing primarily in 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 Fund’s disciplined approach uses both quantitative and fundamental techniques to assess the relative quality and valuation of global companies and aims to exploit a long-term investment horizon while withstanding short-term volatility.

Facts

Doc Table
Fund Inception Date	November 10, 2010
Fund Total Assets as of 31/03/2024	$2.8bn USD

USD Class

Inception Date	November 10, 2010
SEDOL	B3SBSR8
ISIN	IE00B3SBSR82
NAV as of 15/04/2024	109.52

Performance

Table Caption
	QTD	YTD	1-Year	3-Year	5-Year	10-Year	ITD
Quality Investment Fund	10.79	10.79	31.85	12.49	15.51	13.66	13.84
MSCI World	8.85	8.85	25.07	8.59	12.06	9.39	9.88
S&P 500 (Net)	10.44	10.44	29.27	10.97	14.47	12.33	13.06

Quality Investment Fund ¹
MSCI World
S&P 500 (Net)

Inception Date: November 10, 2010

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.

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. The portfolio is not managed relative to a benchmark. References to an index are for informational purposes only. The local market in which the Fund is priced was closed for Good Friday on March 29, 2024. Therefore, the performance for the fund and corresponding benchmark will utilize March 28 for purposes of the ending valuation for the March return and the starting valuation for the April return.

Table Caption
	QTD	YTD	1-Year	3-Year	5-Year	10-Year	ITD
Quality Investment Fund	10.94	10.94	32.55	13.11	16.16	14.31	14.49
MSCI World	8.85	8.85	25.07	8.59	12.06	9.39	9.88
S&P 500 (Net)	10.44	10.44	29.27	10.97	14.47	12.33	13.06

Quality Investment Fund ¹
MSCI World
S&P 500 (Net)

Inception Date: November 10, 2010

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.

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. The portfolio is not managed relative to a benchmark. References to an index are for informational purposes only. The local market in which the Fund is priced was closed for Good Friday on March 29, 2024. Therefore, the performance for the fund and corresponding benchmark will utilize March 28 for purposes of the ending valuation for the March return and the starting valuation for the April return.

Table Caption
	MTD	QTD	YTD	1-Year	3-Year	5-Year	10-Year	ITD
Quality Investment Fund	2.68	10.79	10.79	31.85	12.49	15.51	13.66	13.84
MSCI World	3.18	8.85	8.85	25.07	8.59	12.06	9.39	9.88
S&P 500 (Net)	3.18	10.44	10.44	29.27	10.97	14.47	12.33	13.06

Quality Investment Fund ¹
MSCI World
S&P 500 (Net)

Inception Date: November 10, 2010

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.

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. The portfolio is not managed relative to a benchmark. References to an index are for informational purposes only. The local market in which the Fund is priced was closed for Good Friday on March 29, 2024. Therefore, the performance for the fund and corresponding benchmark will utilize March 28 for purposes of the ending valuation for the March return and the starting valuation for the April return.

Table Caption
	MTD	QTD	YTD	1-Year	3-Year	5-Year	10-Year	ITD
Quality Investment Fund	2.73	10.94	10.94	32.55	13.11	16.16	14.31	14.49
MSCI World	3.18	8.85	8.85	25.07	8.59	12.06	9.39	9.88
S&P 500 (Net)	3.18	10.44	10.44	29.27	10.97	14.47	12.33	13.06

Quality Investment Fund ¹
MSCI World
S&P 500 (Net)

Inception Date: November 10, 2010

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.

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. The portfolio is not managed relative to a benchmark. References to an index are for informational purposes only. The local market in which the Fund is priced was closed for Good Friday on March 29, 2024. Therefore, the performance for the fund and corresponding benchmark will utilize March 28 for purposes of the ending valuation for the March return and the starting valuation for the April return.

Calendar
	Quality Investment Fund	MSCI World	S&P 500 (Net)
2023	29.04	23.79	25.67
2022	-15.56	-18.14	-18.51
2021	25.53	21.82	28.16
2020	17.49	15.90	17.75
2019	30.40	27.67	30.70
2018	0.00	-8.71	-4.94
2017	28.02	22.40	21.10
2016	9.05	7.51	11.23
2015	1.01	-0.87	0.75
2014	11.98	4.94	12.99

Quality Investment Fund ¹
MSCI World
S&P 500 (Net)

Inception Date: November 10, 2010

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.

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. The portfolio is not managed relative to a benchmark. References to an index are for informational purposes only. The local market in which the Fund is priced was closed for Good Friday on March 29, 2024. Therefore, the performance for the fund and corresponding benchmark will utilize March 28 for purposes of the ending valuation for the March return and the starting valuation for the April return.

Calendar
	Quality Investment Fund	MSCI World	S&P 500 (Net)
2023	29.74	23.79	25.67
2022	-15.08	-18.14	-18.51
2021	26.22	21.82	28.16
2020	18.19	15.90	17.75
2019	31.16	27.67	30.70
2018	0.61	-8.71	-4.94
2017	28.75	22.40	21.10
2016	9.65	7.51	11.23
2015	1.59	-0.87	0.75
2014	12.64	4.94	12.99

Quality Investment Fund ¹
MSCI World
S&P 500 (Net)

Inception Date: November 10, 2010

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.

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. The portfolio is not managed relative to a benchmark. References to an index are for informational purposes only. The local market in which the Fund is priced was closed for Good Friday on March 29, 2024. Therefore, the performance for the fund and corresponding benchmark will utilize March 28 for purposes of the ending valuation for the March return and the starting valuation for the April return.

Documents

Literature

Fact Sheet		Download
Prospectus for Singapore Investors		Download
Prospectus for Singapore Investors - First Supplement		Download
Prospectus Supplements		Download
SRS - Korean Language Version		Download
KIIDs - EUR		Download
KIIDs - GBP		Download
KIIDs - USD		Download
PRIIP - AUD		Download
PRIIP - EUR		Download
PRIIP - GBP		Download
PRIIP - HKD		Download
PRIIP - NOK		Download
PRIIP - SGD		Download
PRIIP - USD		Download
Download All		Download

Downloads

Performance		Download
Portfolio Composition		Download
Holdings		Download
Holdings - Public		Download
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Commentary & Attribution

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

Investor Information

Semiannual Report		Download
NAVs and Distributions		Download
Fair Value Hierarchy - As of 31/03/23		Download
Download All		Download

Document Library

Risks

Risks associated with investing in the Fund may include Market Risk - Equities, Management and Operational Risk, Focused Investment Risk, Non-U.S. Investment Risk, and Currency 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.