GAAUX Fees and Costs — GMO Global Equity Allocation Fund, Class I
Data updated: 2026-09-29
The net expense ratio is 0.68% (0.72% before fee waivers). There are no sales loads or redemption fees. Portfolio turnover was 18%.
GAAUX Fees and Expenses
Annual operating expenses and sales charges of GAAUX. Prospectus, as of February 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.00% |
| 12b-1 fee | — |
| Other expenses | 0.15% |
| Gross expense ratio | 0.72% |
| Fee waiver | −0.04% |
| Net expense ratio | 0.68% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
GAAUX Costs Over Time
On $10,000 invested in GAAUX, assuming 5% a year before costs, total costs come to $428 over 5 years, cutting the return by 0.71% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.68%) | $71 | $224 | $389 |
| Lost growth on money paid in costs | $0 | $11 | $39 |
| Total costs | $71 | $235 | $428 |
| Value after costs | $10,429 | $11,342 | $12,335 |
| Impact on return, per year | 0.71% | 0.71% | 0.71% |
GAAUX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending February 28, 2026.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $259.1M
- Portfolio turnover (prospectus): 18%
- Securities lending: none during the year
GAAUX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $246.9M | 95.29% |
| BofA Securities, Inc. | $12.2M | 4.71% |
GMO Global Equity Allocation Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| GMADX | Class R6 | 0.58% | — |
| GMGEX | Class III | 0.58% | — |
| GAAUX | Class I | 0.68% | — |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.