GCCLX Fees and Costs — GMO Climate Change Fund, Class I
Data updated: 2026-07-29
The net expense ratio is 0.86%: a 0.75% management fee plus 0.14% other expenses, less a 0.03% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $185K in broker commissions, 0.0377% of average net assets, and portfolio turnover was 73%.
GCCLX Fees and Expenses
Annual operating expenses and sales charges of GCCLX. Prospectus, as of February 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | — |
| Other expenses | 0.14% |
| Gross expense ratio | 0.89% |
| Fee waiver | −0.03% |
| Net expense ratio | 0.86% |
| 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 | Yes |
GCCLX Costs Over Time
On $10,000 invested in GCCLX, assuming 5% a year before costs, total costs come to $563 over 5 years, cutting the return by 0.94% 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 0.86%) | $90 | $282 | $490 |
| Trading costs (broker commissions) | $4 | $12 | $21 |
| Lost growth on money paid in costs | $0 | $15 | $52 |
| Total costs | $94 | $309 | $563 |
| Value after costs | $10,406 | $11,267 | $12,200 |
| Impact on return, per year | 0.94% | 0.94% | 0.94% |
GCCLX 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): 0.0377%
- Total broker commissions: $185K
- Bought from dealers (principal trades, not a cost): $427.0M
- Portfolio turnover (prospectus): 73%
- Securities on loan, average value: $22.3M
- Net income from securities lending: $270K (0.055% of average net assets)
GCCLX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Jefferies LLC | $37K | 26.05% |
| Morgan Stanley & Co. LLC | $23K | 16.40% |
| SG Americas Securities, LLC | $18K | 12.57% |
| Fidelity Brokerage Services LLC | $11K | 7.79% |
| BofA Securities, Inc. | $11K | 7.51% |
| Nomura Securities International, Inc. | $10K | 7.45% |
| CLSA Americas, LLC | $9K | 6.43% |
| BMO Capital Markets Corp. | $9K | 6.21% |
| Goldman Sachs & Co. LLC | $8K | 5.78% |
| BTG Pactual US Capital, LLC | $5K | 3.81% |
GCCLX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $424.1M | 100.00% |
GMO Climate Change Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| GCCAX | Class R6 | 0.78% | — |
| GCCHX | Class III | 0.78% | — |
| GCCLX | Class I | 0.86% | — |
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.