GIMFX Fees and Costs — GMO Implementation Fund, Core Class
Data updated: 2026-07-29
The net expense ratio is 0.34% (0.38% before fee waivers). There are no sales loads or redemption fees. In fiscal 2026 the fund paid $1.0M in broker commissions, 0.0503% of average net assets, and portfolio turnover was 140%.
GIMFX Fees and Expenses
Annual operating expenses and sales charges of GIMFX. Prospectus, as of February 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.00% |
| 12b-1 fee | — |
| Other expenses | 0.38% |
| Gross expense ratio | 0.38% |
| Fee waiver | −0.04% |
| Net expense ratio | 0.34% |
| 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 |
GIMFX Costs Over Time
On $10,000 invested in GIMFX, assuming 5% a year before costs, total costs come to $247 over 5 years, cutting the return by 0.41% 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 0.34%) | $36 | $112 | $196 |
| Trading costs (broker commissions) | $5 | $17 | $29 |
| Lost growth on money paid in costs | $0 | $6 | $23 |
| Total costs | $41 | $135 | $247 |
| Value after costs | $10,459 | $11,441 | $12,516 |
| Impact on return, per year | 0.41% | 0.41% | 0.41% |
GIMFX 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): 0.0503%
- Total broker commissions: $1.0M
- Bought from dealers (principal trades, not a cost): $65.4B
- Portfolio turnover (prospectus): 140%
- Securities on loan, average value: $21.4M
- Net income from securities lending: $206K (0.010% of average net assets)
GIMFX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $135K | 17.29% |
| Jefferies LLC | $104K | 13.32% |
| Cantor Fitzgerald & Co. | $88K | 11.35% |
| Morgan Stanley & Co. LLC | $81K | 10.38% |
| BofA Securities, Inc. | $73K | 9.38% |
| SG Americas Securities, LLC | $69K | 8.83% |
| UBS Securities LLC | $67K | 8.56% |
| Goldman Sachs & Co. LLC | $63K | 8.09% |
| Nomura Securities International, Inc. | $50K | 6.45% |
| BNP Paribas Securities Corp. | $50K | 6.36% |
GIMFX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Daiwa Capital Markets America Inc. | $58.8B | 89.99% |
| Nomura Securities International, Inc. | $3.3B | 5.02% |
| Barclays Capital Inc. | $1.3B | 2.06% |
| State Street Bank and Trust Company | $669.4M | 1.02% |
| Securities Finance Co | $355.1M | 0.54% |
| Goldman Sachs & Co. LLC | $255.3M | 0.39% |
| Citigroup Global Markets Inc. | $246.7M | 0.38% |
| BMO Capital Markets Corp. | $218.8M | 0.33% |
| BofA Securities, Inc. | $148.9M | 0.23% |
| Morgan Stanley & Co. LLC | $23.7M | 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.