GMOKX Fees and Costs — GMO Risk Premium Fund, Class VI
Data updated: 2021-01-29
The net expense ratio is 0.31%: a 0.31% management fee plus 0.05% other expenses, less a 0.05% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 42%.
GMOKX Fees and Expenses
Annual operating expenses and sales charges of GMOKX. Prospectus, as of February 29, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.31% |
| 12b-1 fee | — |
| Other expenses | 0.05% |
| Gross expense ratio | 0.36% |
| Fee waiver | −0.05% |
| Net expense ratio | 0.31% |
| 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 |
GMOKX Costs Over Time
On $10,000 invested in GMOKX, assuming 5% a year before costs, total costs come to $197 over 5 years, cutting the return by 0.33% 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 0.31%) | $33 | $102 | $179 |
| Lost growth on money paid in costs | $0 | $5 | $18 |
| Total costs | $33 | $107 | $197 |
| Value after costs | $10,467 | $11,469 | $12,566 |
| Impact on return, per year | 0.33% | 0.33% | 0.33% |
GMOKX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending February 29, 2020.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $1.1B
- Portfolio turnover (prospectus): 42%
- Securities lending: none during the year
GMOKX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $286.6M | 26.73% |
| Nomura Securities International, Inc. | $255.7M | 23.85% |
| Citigroup Global Markets Inc. | $192.6M | 17.96% |
| Barclays Capital Inc. | $121.0M | 11.28% |
| RBC Capital Markets, LLC | $108.0M | 10.08% |
| Daiwa Capital Markets America Inc. | $52.0M | 4.85% |
| J.P. Morgan Securities LLC | $27.3M | 2.55% |
| BNP Paribas Securities Corp. | $16.2M | 1.51% |
| Morgan Stanley & Co. LLC | $9.9M | 0.92% |
| Mizuho Securities USA LLC | $2.8M | 0.26% |
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.