GMIQX Fees and Costs — GMO Multi-Asset Credit Fund, Class I
Data updated: 2026-09-29
The net expense ratio is 0.69% (1.22% before fee waivers). There are no sales loads or redemption fees. In fiscal 2026 the fund paid $112 in broker commissions, 0.0001% of average net assets, and portfolio turnover was 42%.
GMIQX Fees and Expenses
Annual operating expenses and sales charges of GMIQX. Prospectus, as of February 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.55% |
| 12b-1 fee | — |
| Other expenses | 0.30% |
| Gross expense ratio | 1.22% |
| Fee waiver | −0.53% |
| Net expense ratio | 0.69% |
| 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 | Yes |
GMIQX Costs Over Time
On $10,000 invested in GMIQX, assuming 5% a year before costs, total costs come to $434 over 5 years, cutting the return by 0.72% 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 0.69%) | $72 | $227 | $395 |
| Trading costs (broker commissions) | $0 | $0 | $0 |
| Lost growth on money paid in costs | $0 | $11 | $40 |
| Total costs | $72 | $238 | $434 |
| Value after costs | $10,428 | $11,338 | $12,328 |
| Impact on return, per year | 0.72% | 0.72% | 0.72% |
GMIQX 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): 0.0001%
- Total broker commissions: $112
- Bought from dealers (principal trades, not a cost): $405.3M
- Portfolio turnover (prospectus): 42%
- Securities on loan, average value: $2K
- Net income from securities lending: $154 (0.000% of average net assets)
GMIQX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $111 | 99.37% |
| J.P. Morgan Securities LLC | $1 | 0.63% |
GMIQX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $353.8M | 87.29% |
| Nomura Securities International, Inc. | $20.0M | 4.93% |
| Goldman Sachs & Co. LLC | $14.3M | 3.52% |
| BofA Securities, Inc. | $9.4M | 2.31% |
| Virtu Americas LLC | $7.1M | 1.75% |
| Securities Finance Co | $762K | 0.19% |
GMO Multi-Asset Credit Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| GMCHX | Class IV | 0.52% | — |
| GMRQX | Class R6 | 0.61% | — |
| GMIQX | Class I | 0.69% | — |
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.