Overview

The GMO U.S. Opportunistic Value Fund (the “Fund”) seeks to generate total return by investing primarily in U.S. equities. The Fund’s benchmark is the S&P Composite 1500 Index.

GMO’s U.S. Opportunistic Value Fund currently seeks to profit from our Asset Allocation Team’s insight that “deep value” stocks are truly dislocated in the U.S. This actively managed Fund avoids the “shallow value” stocks, which are expensive relative to their own history, and focuses solely on the deep value names. With this Fund we focus on the U.S. stocks that GMO’s Systematic Equity team identifies as the most undervalued, recognizing that relying on reported financials and index definitions of value can lead investors to misjudge the opportunity.

Facts

Doc Table
Fund Inception Date December 13, 2022
CUSIP 36256V437
Fund Total Assets as of 31/10/2023 $402mm USD

Share Class VI

Inception Date December 13, 2022
Ticker Symbol UUOAX
CUSIP 36256V437
NAV as of 28/11/2023 20.35
Net Expense Ratio 1 0.39
Gross Expense Ratio 2 0.66

1 Net Expense Ratio reflects the reduction of expenses from fee reimbursements. The fee reimbursements will continue until at least June 30, 2024. 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 February 11, 2023.

Performance

Quarter-End as of September 30, 2023(USD, %) | U.S. Opportunistic Value Fund-VI

Table Caption
ITD
U.S. Opportunistic Value Fund 1.50
S&P Composite 1500 7.42
S&P Composite 1500 Value 4.18
  • U.S. Opportunistic Value Fund 1
  • S&P Composite 1500
  • S&P Composite 1500 Value

Inception Date: December 13, 2022

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 September 30, 2023(USD, %) | U.S. Opportunistic Value Fund-VI

Table Caption
QTD YTD ITD
U.S. Opportunistic Value Fund -1.12 5.03 1.50
S&P Composite 1500 -3.36 12.24 7.42
S&P Composite 1500 Value -4.20 6.98 4.18
  • U.S. Opportunistic Value Fund 1
  • S&P Composite 1500
  • S&P Composite 1500 Value

Inception Date: December 13, 2022

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 September 30, 2023(USD, %) | U.S. Opportunistic Value Fund-VI

Table Caption
QTD YTD ITD
U.S. Opportunistic Value Fund -1.02 5.33 1.81
S&P Composite 1500 -3.36 12.24 7.42
S&P Composite 1500 Value -4.20 6.98 4.18
  • U.S. Opportunistic Value Fund 1
  • S&P Composite 1500
  • S&P Composite 1500 Value

Inception Date: December 13, 2022

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 October 31, 2023(USD, %) | U.S. Opportunistic Value Fund-VI

Table Caption
MTD QTD YTD ITD
U.S. Opportunistic Value Fund -3.57 -3.57 1.28 -2.12
S&P Composite 1500 -2.38 -2.38 9.57 4.86
S&P Composite 1500 Value -2.10 -2.10 4.74 1.99
  • U.S. Opportunistic Value Fund 1
  • S&P Composite 1500
  • S&P Composite 1500 Value

Inception Date: December 13, 2022

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 October 31, 2023(USD, %) | U.S. Opportunistic Value Fund-VI

Table Caption
MTD QTD YTD ITD
U.S. Opportunistic Value Fund -3.54 -3.54 1.60 -1.79
S&P Composite 1500 -2.38 -2.38 9.57 4.86
S&P Composite 1500 Value -2.10 -2.10 4.74 1.99
  • U.S. Opportunistic Value Fund 1
  • S&P Composite 1500
  • S&P Composite 1500 Value

Inception Date: December 13, 2022

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, %) | U.S. Opportunistic Value Fund-VI

Calendar
U.S. Opportunistic Value Fund S&P Composite 1500 S&P Composite 1500 Value
2022 -3.36 -4.30 -2.62
  • U.S. Opportunistic Value Fund 1
  • S&P Composite 1500
  • S&P Composite 1500 Value

Inception Date: December 13, 2022

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, %) | U.S. Opportunistic Value Fund-VI

Calendar
U.S. Opportunistic Value Fund S&P Composite 1500 S&P Composite 1500 Value
2022 -3.34 -4.30 -2.62
  • U.S. Opportunistic Value Fund 1
  • S&P Composite 1500
  • S&P Composite 1500 Value

Inception Date: December 13, 2022

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
Prospectus Download
Summary Prospectus Download
Statement of Additional Information Download
Download All Download

Downloads

Performance Download
Portfolio Composition Download
Holdings Download
Industry Exposure 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

NAVs and Distributions Download
Distribution Estimates Download
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Risks

Risks associated with investing in the Fund may include Focused Investment Risk, Commodities Risk, Market Risk-Equities, Management and Operational Risk and Smaller Company Risk.

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.