Overview

The GMO Climate Change Fund 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 Fund 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 April 5, 2017
CUSIP 362014615
Fund Total Assets as of 31/08/2024 $805mm USD

Share Class III

Inception Date April 5, 2017
Ticker Symbol GCCHX
CUSIP 362014615
NAV as of 04/10/2024 22.65
Net Expense Ratio 1 0.77
Gross Expense Ratio 2 0.82
Minimum Investment Size $1mm in GMO

1 Net Expense Ratio reflects the reduction of expenses from fee reimbursements. The fee reimbursements will continue until at least June 30, 2025. 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, 2024.

Performance

Quarter-End as of June 30, 2024(USD, %) | Climate Change Fund-III

Table Caption
1-Year 3-Year 5-Year ITD
Climate Change Fund -25.33 -11.06 4.80 5.80
MSCI ACWI 19.38 5.43 10.75 10.35
  • Climate Change Fund 1
  • MSCI ACWI

Inception Date: April 05, 2017

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.

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.

Quarter-End as of June 30, 2024(USD, %) | Climate Change Fund-III

Table Caption
QTD YTD 1-Year 3-Year 5-Year ITD
Climate Change Fund -9.14 -14.90 -25.33 -11.06 4.80 5.80
MSCI ACWI 2.92 11.30 19.38 5.43 10.75 10.35
  • Climate Change Fund 1
  • MSCI ACWI

Inception Date: April 05, 2017

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.

Quarter-End as of June 30, 2024(USD, %) | Climate Change Fund-III

Table Caption
QTD YTD 1-Year 3-Year 5-Year ITD
Climate Change Fund -8.96 -14.56 -24.73 -10.35 5.61 6.62
MSCI ACWI 2.92 11.30 19.38 5.43 10.75 10.35
  • Climate Change Fund 1
  • MSCI ACWI

Inception Date: April 05, 2017

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.

Month-End as of August 31, 2024(USD, %) | Climate Change Fund-III

Table Caption
MTD QTD YTD 1-Year 3-Year 5-Year ITD
Climate Change Fund 0.63 6.45 -9.41 -13.60 -9.24 7.42 6.56
MSCI ACWI 2.54 4.19 15.97 23.44 5.77 12.14 10.71
  • Climate Change Fund 1
  • MSCI ACWI

Inception Date: April 05, 2017

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.

Month-End as of August 31, 2024(USD, %) | Climate Change Fund-III

Table Caption
MTD QTD YTD 1-Year 3-Year 5-Year ITD
Climate Change Fund 0.69 6.59 -8.93 -12.92 -8.53 8.25 7.38
MSCI ACWI 2.54 4.19 15.97 23.44 5.77 12.14 10.71
  • Climate Change Fund 1
  • MSCI ACWI

Inception Date: April 05, 2017

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.

Year Ending December 31 (USD, %) | Climate Change Fund-III

Calendar
Climate Change Fund MSCI ACWI
2023 -6.83 22.20
2022 -10.24 -18.36
2021 11.44 18.54
2020 42.86 16.25
2019 26.45 26.60
2018 -15.80 -9.42
2017 24.68 16.23
  • Climate Change Fund 1
  • MSCI ACWI

Inception Date: April 05, 2017

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.

Year Ending December 31 (USD, %) | Climate Change Fund-III

Calendar
Climate Change Fund MSCI ACWI
2023 -6.10 22.20
2022 -9.53 -18.36
2021 12.30 18.54
2020 43.95 16.25
2019 27.42 26.60
2018 -15.16 -9.42
2017 25.38 16.23
  • Climate Change Fund 1
  • MSCI ACWI

Inception Date: April 05, 2017

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.

Documents

Literature

Fact Sheet Download
Product Profile Download
Prospectus Download
Summary Prospectus 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
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Commentary & Attribution

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

Annual Report Download
Semi-Annual 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 are as follows: (1) Focused Investment Risk: Because the Fund focuses its investments in securities of companies involved in climate change-related industries, the Fund 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 mutual funds 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 Fund's shares. (3) Management and Operational Risk: The Fund 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 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.