GBATX Fees and Costs — GMO Strategic Opportunities Allocation Fund, Class III
Data updated: 2026-07-29
The net expense ratio is 0.91% (1.03% before fee waivers). There are no sales loads or redemption fees. In fiscal 2026 the fund paid $194 in broker commissions, 0.0002% of average net assets, and portfolio turnover was 37%.
GBATX Fees and Expenses
Annual operating expenses and sales charges of GBATX. Prospectus, as of February 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.00% |
| 12b-1 fee | — |
| Other expenses | 0.14% |
| Gross expense ratio | 1.03% |
| Fee waiver | −0.12% |
| Net expense ratio | 0.91% |
| 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 |
GBATX Costs Over Time
On $10,000 invested in GBATX, assuming 5% a year before costs, total costs come to $570 over 5 years, cutting the return by 0.96% 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 0.91%) | $96 | $298 | $518 |
| Trading costs (broker commissions) | $0 | $0 | $0 |
| Lost growth on money paid in costs | $0 | $15 | $52 |
| Total costs | $96 | $313 | $570 |
| Value after costs | $10,404 | $11,263 | $12,192 |
| Impact on return, per year | 0.96% | 0.96% | 0.96% |
GBATX 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): 0.0002%
- Total broker commissions: $194
- Bought from dealers (principal trades, not a cost): $244.7M
- Portfolio turnover (prospectus): 37%
- Securities lending: none during the year
GBATX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Macquarie Capital (USA) Inc. | $103 | 53.04% |
| UBS Securities LLC | $91 | 46.96% |
GBATX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $243.1M | 99.36% |
| BofA Securities, Inc. | $1.5M | 0.60% |
| Daiwa Capital Markets America Inc. | $100K | 0.04% |
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.