GMIHX Fees and Costs — GMO MAC Implementation Fund, Core Class
Data updated: 2026-07-29
The net expense ratio is 0.01% (1.91% before fee waivers). There are no sales loads or redemption fees. In fiscal 2026 the fund paid $5K in broker commissions, 0.0322% of average net assets, and portfolio turnover was 668%.
GMIHX Fees and Expenses
Annual operating expenses and sales charges of GMIHX. Prospectus, as of February 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.00% |
| 12b-1 fee | — |
| Other expenses | 1.91% |
| Gross expense ratio | 1.91% |
| Fee waiver | −1.90% |
| Net expense ratio | 0.01% |
| 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 |
GMIHX Costs Over Time
On $10,000 invested in GMIHX, assuming 5% a year before costs, total costs come to $27 over 5 years, cutting the return by 0.04% 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 0.01%) | $1 | $3 | $6 |
| Trading costs (broker commissions) | $3 | $11 | $19 |
| Lost growth on money paid in costs | $0 | $1 | $2 |
| Total costs | $4 | $15 | $27 |
| Value after costs | $10,496 | $11,562 | $12,736 |
| Impact on return, per year | 0.04% | 0.04% | 0.04% |
GMIHX 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): 0.0322%
- Total broker commissions: $5K
- Bought from dealers (principal trades, not a cost): $296.2M
- Portfolio turnover (prospectus): 668%
- Securities lending: none during the year
GMIHX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $5K | 100.00% |
GMIHX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co. LLC | $148.6M | 50.17% |
| Barclays Capital Inc. | $111.6M | 37.69% |
| Nomura Securities International, Inc. | $13.0M | 4.40% |
| State Street Bank and Trust Company | $8.6M | 2.89% |
| BofA Securities, Inc. | $4.7M | 1.60% |
| J.P. Morgan Securities LLC | $4.0M | 1.36% |
| Daiwa Capital Markets America Inc. | $2.9M | 0.97% |
| Citigroup Global Markets Inc. | $2.6M | 0.89% |
| BMO Capital Markets Corp. | $110K | 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.