GMO Quality Fund
Actively managed U.S. stock fund
As of its 2026 Q2 report, GMO Quality Fund held 47 positions with $12.67B in net assets. Its ten largest holdings made up 46.6% of the fund. The GQETX share class costs 0.51% a year. Over the 12 months to May 2026, GQETX returned 23.8%, with dividends reinvested. In 2026 Q2 it added 3 new positions and exited 5.
Total return.
The fund invests at least 80% of assets in equities of quality companies, selected through a combination of systematic analysis of profitability, profit stability, and leverage alongside judgmental assessment of future capital allocation and competitive positioning. The fund may invest directly or indirectly through underlying funds or derivatives in companies tied economically to any country, including emerging markets. Because the fund's selection depends on GMO's assessment of future profitability and capital allocation, performance will diverge from any benchmark. The fund may at times hold substantial positions in a single sector, country, or issuer.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
MSFTMicrosoft Corp | 7.01% | $888.62M | 2.0M | $450.24 |
GOOGLAlphabet Inc | 5.51% | $698.34M | 1.8M | $380.34 |
Taiwan Semiconductor Manufacturing Co Ltd | 5.32% | $674.81M | 9.1M | $74.09 |
AAPLApple Inc | 4.99% | $632.82M | 2.0M | $312.06 |
4.83% | $611.63M | 1.9M | $318.18 | |
4.38% | $554.50M | 876.7K | $632.51 | |
AMZNAmazon.com Inc | 3.83% | $485.56M | 1.8M | $270.64 |
3.77% | $477.63M | 2.1M | $225.33 | |
3.59% | $455.47M | 1.5M | $305.68 | |
AVGOBroadcom Inc | 3.35% | $423.98M | 949.0K | $446.77 |
Reported price is the fund's own reported value divided by its own reported shares at 2026-05-31 — not a live quote, and not what the fund paid.
All 47 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| Stocks | 99.36% |
| Bonds | 0.55% |
| Cash & short-term | 0.18% |
Look-through blends 1 underlying fund; 0.0% of NAV was not looked through and stays direct-classified.
By sector
- Information Technology
- 28.6%
- International
- 21.3%
- Health Care
- 20.4%
- Communication Services
- 11.4%
- 6 other sectors
- 18.3%
- Information Technology
- 28.6%
- International
- 21.3%
- Health Care
- 20.4%
- Communication Services
- 11.4%
- Financials
- 7.3%
- Consumer Discretionary
- 6.1%
- Consumer Staples
- 2.8%
- Industrials
- 1.2%
- Other
- 0.7%
- Cash
- 0.0%
How it has done
GQETX share class · total returns with dividends reinvested
Volatility over the last 12 months: 13.97%. Past returns are a record, not a forecast.
The 5 share classes hold the same portfolio
| Share class | Expense ratio | 1 year | 3 years | 5 years | Worst fall |
|---|---|---|---|---|---|
| 0.51% | +23.76% | +70.35% | +83.29% | -8.34% | |
| 0.47% | +23.83% | +70.65% | +83.72% | -8.36% | |
| 0.42% | +23.84% | +70.78% | +84.05% | -8.34% | |
| 0.62% | +23.62% | +69.87% | +82.31% | -8.34% | |
| 0.51% | +23.79% | +70.42% | +83.34% | -8.33% |
These classes hold the same portfolio, so the 1.74pp spread over 5 years is the cost difference between them — roughly 0.35pp a year — not a difference in what they own.
Fees & fund details
GMO Quality Fund is an actively managed U.S. equity fund.
- Asset class
- Equity
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
- Features
- Fund of funds
- Expense ratio, by class
- 0.42% – 0.62%· GQETX 0.51%
- Portfolio turnover
- 39.00% a year · as of 2026 Q2
Turnover is how much of the portfolio was replaced in a year.
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
3 new
5 exited
Understand how this fund fits with the rest.
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