GMO Quality Fund
GMO TRUST · Series S000004084 · 6 share classes
data updated 2026-09-08
Fund profile
As filed in the prospectus · 2026 Q2
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.
| Share class | Expense ratio |
|---|---|
| GQETX | 0.51% |
| GQEFX | 0.47% |
| GQLFX | 0.45% |
| GQLOX | 0.42% |
| GQLIX | 0.62% |
| GQESX | 0.51% |
Portfolio turnover 39.00% · as of 2026 Q2
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| 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.
Latest quarter
What changed since the fund's previous filing
Return profile
Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026
| Share class | 1-year | 3-year | 5-year | Vol | Worst fall |
|---|---|---|---|---|---|
| +23.76% | +67.87% | +78.53% | 13.97% | -8.34% | |
| +23.84% | +68.11% | +79.03% | 14.01% | -8.36% | |
| +23.84% | +68.27% | +79.32% | 13.98% | -8.34% | |
| +23.61% | +67.39% | +77.71% | 13.99% | -8.34% | |
| +23.70% | +67.85% | +78.55% | 13.94% | -8.33% |
These classes hold the same portfolio, so the 1.61pp spread over 5 years is the cost difference between them — roughly 0.32pp a year — not a difference in what they own.
May 2026 has been filed since the trailing figures were struck, so it is not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
Holdings
By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page
| Ticker | Issuer | %NAV | Reported price | Value | Shares |
|---|---|---|---|---|---|
| MSFT | Microsoft CorpMSFT | 7.01% | $450.24 | $888.62M | 2.0M |
| GOOGL | Alphabet IncGOOGL | 5.51% | $380.34 | $698.34M | 1.8M |
| — | Taiwan Semiconductor Manufacturing Co Ltd | 5.32% | $74.09 | $674.81M | 9.1M |
| AAPL | Apple IncAAPL | 4.99% | $312.06 | $632.82M | 2.0M |
| LRCX | Lam Research CorpLRCX | 4.83% | $318.18 | $611.63M | 1.9M |
| META | Meta Platforms IncMETA | 4.38% | $632.51 | $554.50M | 876.7K |
| AMZN | Amazon.com IncAMZN | 3.83% | $270.64 | $485.56M | 1.8M |
| JNJ | Johnson & JohnsonJNJ | 3.77% | $225.33 | $477.63M | 2.1M |
| TXN | Texas Instruments IncTXN | 3.59% | $305.68 | $455.47M | 1.5M |
| AVGO | Broadcom IncAVGO | 3.35% | $446.77 | $423.98M | 949.0K |
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.
Top 10 positions are 46.58% of net assets, top 25 77.67%, across 47 issuers.
See more of this fund's book
More positions with filed share counts, and the quarter-over-quarter change list rather than the largest few — free with an account, no card required.
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