GMCFX Fees and Costs — GMO International Equity Fund, Class IV
Data updated: 2026-09-29
The net expense ratio is 0.62%: a 0.59% management fee plus 0.07% other expenses, less a 0.04% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $540K in broker commissions, 0.0522% of average net assets, and portfolio turnover was 104%.
GMCFX Fees and Expenses
Annual operating expenses and sales charges of GMCFX. Prospectus, as of February 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.59% |
| 12b-1 fee | — |
| Other expenses | 0.07% |
| Gross expense ratio | 0.66% |
| Fee waiver | −0.04% |
| Net expense ratio | 0.62% |
| 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 |
GMCFX Costs Over Time
On $10,000 invested in GMCFX, assuming 5% a year before costs, total costs come to $423 over 5 years, cutting the return by 0.71% 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 0.62%) | $65 | $204 | $355 |
| Trading costs (broker commissions) | $5 | $17 | $30 |
| Lost growth on money paid in costs | $0 | $11 | $39 |
| Total costs | $71 | $232 | $423 |
| Value after costs | $10,429 | $11,344 | $12,340 |
| Impact on return, per year | 0.71% | 0.71% | 0.71% |
GMCFX 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): 0.0522%
- Total broker commissions: $540K
- Bought from dealers (principal trades, not a cost): $1.3B
- Portfolio turnover (prospectus): 104%
- Securities on loan, average value: $33.0M
- Net income from securities lending: $170K (0.016% of average net assets)
GMCFX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Nomura Securities International, Inc. | $65K | 15.06% |
| SG Americas Securities, LLC | $56K | 13.13% |
| Jefferies LLC | $49K | 11.38% |
| Barclays Capital Inc. | $47K | 10.97% |
| BNP Paribas Securities Corp. | $46K | 10.80% |
| J.P. Morgan Securities LLC | $42K | 9.84% |
| UBS Securities LLC | $38K | 8.95% |
| BofA Securities, Inc. | $30K | 7.07% |
| RBC Capital Markets, LLC | $28K | 6.47% |
| Citigroup Global Markets Inc. | $27K | 6.32% |
GMCFX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $1.3B | 99.69% |
| Barclays Capital Inc. | $2.6M | 0.20% |
| Nomura Securities International, Inc. | $1.3M | 0.10% |
GMO International Equity Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| GMCFX | Class IV | 0.62% | — |
| GMOIX | Class III | 0.68% | — |
| GMOUX | Class I | 0.77% | — |
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.