GEMEX Fees and Costs — GMO Emerging Markets Fund, Class I
Data updated: 2026-09-29
The net expense ratio is 1.13%: a 0.87% management fee plus 0.38% other expenses, less a 0.12% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $476K in broker commissions, 0.1070% of average net assets, and portfolio turnover was 110%.
GEMEX Fees and Expenses
Annual operating expenses and sales charges of GEMEX. Prospectus, as of February 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.87% |
| 12b-1 fee | — |
| Other expenses | 0.38% |
| Gross expense ratio | 1.25% |
| Fee waiver | −0.12% |
| Net expense ratio | 1.13% |
| 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 |
GEMEX Costs Over Time
On $10,000 invested in GEMEX, assuming 5% a year before costs, total costs come to $770 over 5 years, cutting the return by 1.30% 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 1.13%) | $119 | $369 | $639 |
| Trading costs (broker commissions) | $11 | $35 | $60 |
| Lost growth on money paid in costs | $0 | $20 | $71 |
| Total costs | $130 | $424 | $770 |
| Value after costs | $10,370 | $11,152 | $11,993 |
| Impact on return, per year | 1.30% | 1.30% | 1.30% |
GEMEX 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): 0.1070%
- Total broker commissions: $476K
- Bought from dealers (principal trades, not a cost): $301.7M
- Portfolio turnover (prospectus): 110%
- Securities on loan, average value: $6.0M
- Net income from securities lending: $46K (0.010% of average net assets)
GEMEX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| UBS Securities LLC | $51K | 13.74% |
| Morgan Stanley & Co. LLC | $49K | 13.26% |
| BofA Securities, Inc. | $48K | 13.04% |
| CLSA Americas, LLC | $43K | 11.55% |
| Jefferies LLC | $40K | 10.85% |
| Goldman Sachs & Co. LLC | $34K | 9.25% |
| Macquarie Capital (USA) Inc. | $30K | 8.17% |
| J.P. Morgan Securities LLC | $29K | 7.75% |
| Cty Co Phan Chung Khoan Ban Viet | $23K | 6.25% |
| Citigroup Global Markets Inc. | $23K | 6.14% |
GEMEX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $301.7M | 100.00% |
GMO Emerging Markets Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| GEMMX | Class VI | 0.85% | — |
| GEMVX | Class V | 0.92% | — |
| GMEFX | C000013270 | 0.94% | — |
| GMOEX | Class III | 0.98% | — |
| GEMNX | Class R6 | 1.03% | — |
| GMEMX | Class II | 1.03% | — |
| GEMEX | Class I | 1.13% | — |
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.