GMEQX Fees and Costs — GMO U.S. Equity Fund
Data updated: 2026-09-29
The net expense ratio is 0.43%: a 0.40% management fee plus 0.10% other expenses, less a 0.07% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $22K in broker commissions, 0.0114% of average net assets, and portfolio turnover was 101%.
GMEQX Fees and Expenses
Annual operating expenses and sales charges of GMEQX. Prospectus, as of February 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.40% |
| 12b-1 fee | — |
| Other expenses | 0.10% |
| Gross expense ratio | 0.50% |
| Fee waiver | −0.07% |
| Net expense ratio | 0.43% |
| 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 |
GMEQX Costs Over Time
On $10,000 invested in GMEQX, assuming 5% a year before costs, total costs come to $279 over 5 years, cutting the return by 0.46% 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 0.43%) | $45 | $142 | $247 |
| Trading costs (broker commissions) | $1 | $4 | $7 |
| Lost growth on money paid in costs | $0 | $7 | $25 |
| Total costs | $46 | $153 | $279 |
| Value after costs | $10,454 | $11,424 | $12,484 |
| Impact on return, per year | 0.46% | 0.46% | 0.46% |
GMEQX 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): 0.0114%
- Total broker commissions: $22K
- Bought from dealers (principal trades, not a cost): $55.9M
- Portfolio turnover (prospectus): 101%
- Securities on loan, average value: $42K
- Net income from securities lending: $621 (0.000% of average net assets)
GMEQX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $4K | 19.00% |
| J.P. Morgan Securities LLC | $3K | 14.25% |
| Jefferies LLC | $2K | 12.59% |
| Virtu Americas LLC | $2K | 10.60% |
| Morgan Stanley & Co. LLC | $2K | 8.87% |
| Goldman Sachs & Co. LLC | $2K | 8.14% |
| Citigroup Global Markets Inc. | $1K | 7.65% |
| Fidelity Brokerage Services LLC | $1K | 7.61% |
| BNY Capital Markets, LLC | $1K | 6.22% |
| TD Securities (USA) LLC | $991 | 5.07% |
GMEQX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $53.4M | 95.45% |
| Securities Finance Co | $1.0M | 1.83% |
| Barclays Capital Inc. | $907K | 1.62% |
| J.P. Morgan Securities LLC | $305K | 0.54% |
| Nomura Securities International, Inc. | $156K | 0.28% |
| Daiwa Capital Markets America Inc. | $149K | 0.27% |
GMO U.S. 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 |
|---|---|---|---|
| GMCQX | Class VI | 0.40% | — |
| GMEQX | C000011425 | 0.43% | — |
| GMRTX | C000011424 | 0.44% | — |
| GMUEX | Class III | 0.49% | — |
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.