GMAJX Fees and Costs — GMO Emerging Country Debt Shares Fund, Class I
Data updated: 2026-07-29
The net expense ratio is 0.80% (2.06% before fee waivers). This share class carries a deferred sales charge of up to 0.75% and a redemption fee of 0.75%. Portfolio turnover was 0%.
GMAJX Fees and Expenses
Annual operating expenses and sales charges of GMAJX. Prospectus, as of February 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | — |
| Other expenses | 0.95% |
| Gross expense ratio | 2.06% |
| Fee waiver | −1.26% |
| Net expense ratio | 0.80% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | 0.75% |
| Redemption fee | 0.75% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
GMAJX Costs Over Time
On $10,000 invested in GMAJX, assuming 5% a year before costs, total costs come to $502 over 5 years, cutting the return by 0.84% 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 |
| Sales charges | $78 | $0 | $0 |
| Fund expenses (net expense ratio 0.80%) | $84 | $263 | $456 |
| Lost growth on money paid in costs | $0 | $13 | $46 |
| Total costs | $162 | $276 | $502 |
| Value after costs | $10,338 | $11,301 | $12,260 |
| Impact on return, per year | 1.62% | 0.84% | 0.84% |
GMAJX 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): $28.1M
- Portfolio turnover (prospectus): 0%
- Securities lending: none during the year
GMAJX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $28.1M | 100.00% |
GMO Emerging Country Debt Shares Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| GMAFX | Class R6 | 0.67% | — |
| GMAJX | Class I | 0.80% | — |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.