GMBVX Fees and Costs — GMO Small Cap Quality Fund, Class R6
Data updated: 2026-07-29
The net expense ratio is 0.76%: a 0.75% management fee plus 0.07% other expenses, less a 0.06% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $109K in broker commissions, 0.0191% of average net assets, and portfolio turnover was 72%.
GMBVX Fees and Expenses
Annual operating expenses and sales charges of GMBVX. Prospectus, as of February 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | — |
| Other expenses | 0.07% |
| Gross expense ratio | 0.82% |
| Fee waiver | −0.06% |
| Net expense ratio | 0.76% |
| 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 |
GMBVX Costs Over Time
On $10,000 invested in GMBVX, assuming 5% a year before costs, total costs come to $489 over 5 years, cutting the return by 0.82% 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 0.76%) | $80 | $250 | $434 |
| Trading costs (broker commissions) | $2 | $6 | $11 |
| Lost growth on money paid in costs | $0 | $13 | $45 |
| Total costs | $82 | $268 | $489 |
| Value after costs | $10,418 | $11,308 | $12,273 |
| Impact on return, per year | 0.82% | 0.82% | 0.82% |
GMBVX 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): 0.0191%
- Total broker commissions: $109K
- Bought from dealers (principal trades, not a cost): $269.8M
- Portfolio turnover (prospectus): 72%
- Securities lending: none during the year
GMBVX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Jefferies LLC | $35K | 32.35% |
| Fidelity Brokerage Services LLC | $31K | 29.43% |
| SG Americas Securities, LLC | $18K | 16.77% |
| Goldman Sachs & Co. LLC | $6K | 5.69% |
| BNY Capital Markets, LLC | $6K | 5.16% |
| State Street Global Markets, LLC | $3K | 3.23% |
| Cantor Fitzgerald & Co. | $3K | 2.54% |
| BofA Securities, Inc. | $2K | 2.03% |
| Morgan Stanley & Co. LLC | $2K | 1.54% |
| Nomura Securities International, Inc. | $1K | 1.26% |
GMBVX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $269.8M | 100.00% |
GMO Small Cap Quality Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| GSBGX | Class VI | 0.67% | — |
| GMSQX | Class IV | 0.71% | — |
| GMAWX | Class III | 0.76% | — |
| GMBVX | Class R6 | 0.76% | — |
| GMAYX | Class I | 0.88% | — |
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.