GMOBX Fees and Costs — GMO Asset Allocation Bond Fund, Class III
Data updated: 2026-07-29
The net expense ratio is 0.46%: a 0.40% management fee plus 0.34% other expenses, less a 0.29% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $13K in broker commissions, 0.0277% of average net assets, and portfolio turnover was 95%.
GMOBX Fees and Expenses
Annual operating expenses and sales charges of GMOBX. Prospectus, as of February 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.40% |
| 12b-1 fee | — |
| Other expenses | 0.34% |
| Gross expense ratio | 0.75% |
| Fee waiver | −0.29% |
| Net expense ratio | 0.46% |
| 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 |
GMOBX Costs Over Time
On $10,000 invested in GMOBX, assuming 5% a year before costs, total costs come to $308 over 5 years, cutting the return by 0.51% 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 0.46%) | $48 | $152 | $264 |
| Trading costs (broker commissions) | $3 | $9 | $16 |
| Lost growth on money paid in costs | $0 | $8 | $28 |
| Total costs | $51 | $169 | $308 |
| Value after costs | $10,449 | $11,408 | $12,455 |
| Impact on return, per year | 0.51% | 0.51% | 0.51% |
GMOBX 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): 0.0277%
- Total broker commissions: $13K
- Bought from dealers (principal trades, not a cost): $8.6B
- Portfolio turnover (prospectus): 95%
- Securities lending: none during the year
GMOBX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $13K | 100.00% |
GMOBX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Nomura Securities International, Inc. | $8.5B | 98.07% |
| State Street Bank and Trust Company | $150.4M | 1.74% |
| Barclays Capital Inc. | $13.5M | 0.16% |
| Daiwa Capital Markets America Inc. | $2.4M | 0.03% |
GMO Asset Allocation Bond Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| GABFX | Class VI | 0.37% | — |
| GMOBX | Class III | 0.46% | — |
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.