Investment objective & strategy
As of June 30, 2025 · prospectusObjective. Total return greater than that of its benchmark, the MSCI ACWI.
Strategy. The Fund is a fund of funds and invests primarily in equities traded in U.S. and non-U.S. markets (including emerging markets) through its investment in the Equity Funds and GMO-managed exchange-traded funds (collectively, the underlying GMO Funds) (see Additional Information About the Funds Investment Strategies, Risks, and Expenses Asset Allocation Funds). The Fund also may invest directly in securities (including other underlying funds) and derivatives. GMO uses its quantitative multi-year forecasts of returns among asset classes, together with its assessment of the relative risks of asset classes, to determine the asset classes in which the Fund invests and how much the Fund invests in each asset class. An important component of those forecasts is GMOs expectation that valuations ultimately revert … The Fund is a fund of funds and invests primarily in equities traded in U.S. and non-U.S. markets (including emerging markets) through its investment in the Equity Funds and GMO-managed exchange-traded funds (collectively, the underlying GMO Funds) (see Additional Information About the Funds Investment Strategies, Risks, and Expenses Asset Allocation Funds). The Fund also may invest directly in securities (including other underlying funds) and derivatives. GMO uses its quantitative multi-year forecasts of returns among asset classes, together with its assessment of the relative risks of asset classes, to determine the asset classes in which the Fund invests and how much the Fund invests in each asset class. An important component of those forecasts is GMOs expectation that valuations ultimately revert to their fundamental fair (or intrinsic) value over a complete market cycle. GMO changes the Funds asset class exposures in response to changes in GMOs investment outlook and its assessment of market valuations and may use redemptions or purchases of Fund shares to rebalance the Funds investments. The factors GMO considers and investment methods GMO uses can change over time. Under normal circumstances, the Fund invests (including through its investment in the underlying GMO Funds) at least 80% of its assets in equities (see Name Policies). The Fund may invest in securities of companies of any market capitalization. In addition, the Fund may lend its portfolio securities. The Fund also may invest in U.S. Treasury Fund, in money market funds unaffiliated with GMO, and directly in the types of investments typically held by money market funds.
Top holdings
As of Feb. 28, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| GMO International Equity Fund | — | $167.43M | 24.55% |
| GMO US Opportunistic Value Fund | — | $83.15M | 12.19% |
| GMO International Opportunistic Value Fund | — | $76.32M | 11.19% |
| GMO Quality VI | GQLOX | $74.85M | 10.98% |
| GMO Emerging Markets Fund | — | $73.91M | 10.84% |
| GMO US Equity Fund | — | $63.38M | 9.29% |
| GMO-Usonian Japan Value Creation Fund | — | $44.02M | 6.45% |
| GMO Small Cap Quality Fund | — | $26.53M | 3.89% |
| GMO US Small Cap Value Fund | — | $19.34M | 2.84% |
| GMO Emerging Markets ex-China Fund | — | $16.14M | 2.37% |
Portfolio moves
Nov 30, 2025 → Feb 28, 2026How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.
Similar funds
Funds whose portfolios most overlap this one, by weight| Fund | Overlap | Net exp. |
|---|---|---|
| GMO Global Developed Equity Allocation Fund · GWOAX | 88% | 0.53% |
| GMO Strategic Opportunities Allocation Fund · GBATX | 66% | 0.84% |
| GMO Global Asset Allocation Fund · GMWAX, GMWRX, GMOOX | 63% | 0.79% |
Advisers
| Firm | Role |
|---|---|
| Grantham Mayo van Otterloo & Co LLC | Adviser |
Footnotes
- Expense ratio as of June 30, 2025, from the fund's prospectus.
- Net assets and holdings count as of February 28, 2026, from the fund's N-PORT filing.
- Total return for calendar year 2025, before tax and after fund expenses. Computed by compounding the twelve monthly total returns the fund reported in its SEC N-PORT filings for 2025 (the latest prospectus does not yet chart this year).
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