GMO U.S. Quality ETF
Actively managed U.S. stock ETF
As of its 2026 Q2 report, GMO U.S. Quality ETF held 42 positions with $4.51B in net assets. Its ten largest holdings made up 48.9% of the fund. The QLTY share class costs 0.5% a year. Over the 12 months to May 2026, QLTY returned 29.1%, with dividends reinvested. In 2026 Q2 it added 5 new positions and exited 1.
Total return.
The fund is actively managed and invests primarily in equities of U.S. companies that GMO identifies as high quality, defined by strong returns on past investments and the capacity to deploy cash flows toward high-return investments or shareholder distributions. GMO selects securities using both systematic analysis of profitability, profit stability, and leverage, and judgmental assessment of future capital allocation and competitive positioning, with holdings valued at discounts to estimated intrinsic value. The fund invests at least 80% of assets directly and through underlying funds in quality companies and those tied economically to the United States. Because investment decisions rest on GMO's assessments of future profitability and capital allocation, which may prove incorrect, fund performance depends on the accuracy of those judgments.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
MSFTMicrosoft Corp | 7.17% | $323.29M | 718.0K | $450.24 |
GOOGLAlphabet Inc | 5.64% | $254.19M | 668.3K | $380.34 |
5.38% | $242.23M | 761.3K | $318.18 | |
AAPLApple Inc | 5.12% | $230.56M | 738.8K | $312.06 |
AVGOBroadcom Inc | 4.79% | $215.72M | 482.8K | $446.77 |
4.44% | $199.88M | 653.9K | $305.68 | |
4.32% | $194.44M | 307.4K | $632.51 | |
4.22% | $190.24M | 844.3K | $225.33 | |
KLACKLA Corp | 3.98% | $179.15M | 93.2K | $1,921.71 |
AMZNAmazon.com Inc | 3.90% | $175.86M | 649.8K | $270.64 |
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 42 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 | 99.69% |
| Cash & short-term | 0.28% |
By sector
- Information Technology
- 36.2%
- Health Care
- 22.1%
- Communication Services
- 11.6%
- Consumer Discretionary
- 9.9%
- 5 other sectors
- 20.2%
- Information Technology
- 36.2%
- Health Care
- 22.1%
- Communication Services
- 11.6%
- Consumer Discretionary
- 9.9%
- Financials
- 8.2%
- Consumer Staples
- 6.4%
- Industrials
- 3.0%
- International
- 2.3%
- Cash
- 0.3%
How it has done
QLTY share class · total returns with dividends reinvested
Volatility over the last 12 months: 13.83%. Past returns are a record, not a forecast.
Fees & fund details
GMO U.S. Quality ETF is an actively managed U.S. equity ETF. 12% of QLTY’s stock holdings are in companies whose revenue grew in the top quartile of U.S. companies over the last five fiscal years (covering 98% of the fund’s equity).
- Asset class
- Equity
- Region
- United States
- Management
- Actively managed
- Fund type
- ETF
- Features
- Fund of funds
- Expense ratio, by class
- 0.50%· QLTY 0.50%
- Portfolio turnover
- 4.00% 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.
5 new
1 exited
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