Overview

The GMO U.S. Opportunistic Value Fund (the “Fund”) seeks to generate total return by investing primarily in U.S. equities. The Fund measures its performance against the MSCI U.S. Value Index. 

GMO’s U.S. Opportunistic Value Fund seeks to profit from our Asset Allocation Team’s top-down insights as to the most attractively valued segment of the U.S. market. Currently, the team finds “deep value” (cheapest 20%) stocks to be 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 30/11/2024 $560mm USD

Share Class III

Inception Date February 15, 2023
Ticker Symbol PPADX
CUSIP 36256V460
NAV as of 06/12/2024 22.59
Net Expense Ratio 1 0.49
Gross Expense Ratio 2 0.53

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 September 30, 2024(USD, %) | U.S. Opportunistic Value Fund-III

Table Caption
1-Year ITD
U.S. Opportunistic Value Fund 27.76 13.50
MSCI USA Value (Gross) 29.57 14.63
MSCI USA (Gross) 36.22 24.26
  • U.S. Opportunistic Value Fund 1
  • MSCI USA Value (Gross)
  • MSCI USA (Gross)

Inception Date: February 15, 2023

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. The Index used for performance reporting purposes changed from S&P Composite 1500 to MSCI U.S.A. Value effective June 30th, 2024.

Quarter-End as of September 30, 2024(USD, %) | U.S. Opportunistic Value Fund-III

Table Caption
QTD YTD 1-Year ITD
U.S. Opportunistic Value Fund 6.31 15.23 27.76 13.50
MSCI USA Value (Gross) 9.70 17.94 29.57 14.63
MSCI USA (Gross) 5.93 21.69 36.22 24.26
  • U.S. Opportunistic Value Fund 1
  • MSCI USA Value (Gross)
  • MSCI USA (Gross)

Inception Date: February 15, 2023

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 Index used for performance reporting purposes changed from S&P Composite 1500 to MSCI U.S.A. Value effective June 30th, 2024.

Quarter-End as of September 30, 2024(USD, %) | U.S. Opportunistic Value Fund-III

Table Caption
QTD YTD 1-Year ITD
U.S. Opportunistic Value Fund 6.44 15.65 28.38 14.05
MSCI USA Value (Gross) 9.70 17.94 29.57 14.63
MSCI USA (Gross) 5.93 21.69 36.22 24.26
  • U.S. Opportunistic Value Fund 1
  • MSCI USA Value (Gross)
  • MSCI USA (Gross)

Inception Date: February 15, 2023

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 Index used for performance reporting purposes changed from S&P Composite 1500 to MSCI U.S.A. Value effective June 30th, 2024.

Month-End as of November 30, 2024(USD, %) | U.S. Opportunistic Value Fund-III

Table Caption
MTD QTD YTD 1-Year ITD
U.S. Opportunistic Value Fund 6.23 4.33 20.22 28.88 14.86
MSCI USA Value (Gross) 5.44 4.19 22.88 29.66 15.81
MSCI USA (Gross) 6.26 5.47 28.35 34.39 25.45
  • U.S. Opportunistic Value Fund 1
  • MSCI USA Value (Gross)
  • MSCI USA (Gross)

Inception Date: February 15, 2023

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 Index used for performance reporting purposes changed from S&P Composite 1500 to MSCI U.S.A. Value effective June 30th, 2024.

Month-End as of November 30, 2024(USD, %) | U.S. Opportunistic Value Fund-III

Table Caption
MTD QTD YTD 1-Year ITD
U.S. Opportunistic Value Fund 6.27 4.41 20.75 29.50 15.41
MSCI USA Value (Gross) 5.44 4.19 22.88 29.66 15.81
MSCI USA (Gross) 6.26 5.47 28.35 34.39 25.45
  • U.S. Opportunistic Value Fund 1
  • MSCI USA Value (Gross)
  • MSCI USA (Gross)

Inception Date: February 15, 2023

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 Index used for performance reporting purposes changed from S&P Composite 1500 to MSCI U.S.A. Value effective June 30th, 2024.

Year Ending December 31 (USD, %) | U.S. Opportunistic Value Fund-III

Calendar
U.S. Opportunistic Value Fund MSCI USA Value (Gross) MSCI USA (Gross)
2023 6.59 5.84 16.93
  • U.S. Opportunistic Value Fund 1
  • MSCI USA Value (Gross)
  • MSCI USA (Gross)

Inception Date: February 15, 2023

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 Index used for performance reporting purposes changed from S&P Composite 1500 to MSCI U.S.A. Value effective June 30th, 2024.

Year Ending December 31 (USD, %) | U.S. Opportunistic Value Fund-III

Calendar
U.S. Opportunistic Value Fund MSCI USA Value (Gross) MSCI USA (Gross)
2023 7.04 5.84 16.93
  • U.S. Opportunistic Value Fund 1
  • MSCI USA Value (Gross)
  • MSCI USA (Gross)

Inception Date: February 15, 2023

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 Index used for performance reporting purposes changed from S&P Composite 1500 to MSCI U.S.A. Value effective June 30th, 2024.

Documents

Literature

Prospectus Download
Summary Prospectus Download
Statement of Additional Information Download
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Downloads

Performance Download
Portfolio Composition Download
Holdings 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

Semi-Annual Financial Statements and Other Information Download
Semi-Annual Report Download
NAVs and Distributions Download
Distribution Estimates Download
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Risks

Risks associated with investing in the Fund may include: (1) Focused Investment Risk: The Fund invests its assets in the securities of a limited number of issuers, and a decline in the market price of a particular security held by the Fund may affect the Fund's performance more than if the Fund invested in the securities of a larger number of issuers. (2) Commodities Risk: Commodity prices can be extremely volatile, and exposure to commodities can cause the value of the Fund's shares to decline or fluctuate more than if the Fund had a broader range of investments. (3) Market Risk - Equities: The market price of equities may decline due to factors affecting the issuer, its industries, 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.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.