GOVIX Fees and Costs — GMO Resources Fund, Class IV
Data updated: 2026-07-29
The net expense ratio is 0.65%: a 0.60% management fee plus 0.05% other expenses. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $963K in broker commissions, 0.0755% of average net assets, and portfolio turnover was 82%.
GOVIX Fees and Expenses
Annual operating expenses and sales charges of GOVIX. Prospectus, as of February 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.60% |
| 12b-1 fee | — |
| Other expenses | 0.05% |
| Gross expense ratio | 0.65% |
| Fee waiver | — |
| Net expense ratio | 0.65% |
| 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 |
GOVIX Costs Over Time
On $10,000 invested in GOVIX, assuming 5% a year before costs, total costs come to $456 over 5 years, cutting the return by 0.76% 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 0.65%) | $68 | $214 | $371 |
| Trading costs (broker commissions) | $8 | $25 | $43 |
| Lost growth on money paid in costs | $0 | $12 | $42 |
| Total costs | $76 | $250 | $456 |
| Value after costs | $10,424 | $11,326 | $12,307 |
| Impact on return, per year | 0.76% | 0.76% | 0.76% |
GOVIX 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): 0.0755%
- Total broker commissions: $963K
- Bought from dealers (principal trades, not a cost): $1.2B
- Portfolio turnover (prospectus): 82%
- Securities on loan, average value: $98.2M
- Net income from securities lending: $386K (0.030% of average net assets)
GOVIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co. LLC | $139K | 19.50% |
| Jefferies LLC | $108K | 15.19% |
| Goldman Sachs & Co. LLC | $90K | 12.60% |
| J.P. Morgan Securities LLC | $72K | 10.16% |
| SG Americas Securities, LLC | $63K | 8.80% |
| BofA Securities, Inc. | $58K | 8.17% |
| State Street Global Markets, LLC | $56K | 7.80% |
| Scotia Capital (USA) Inc. | $53K | 7.45% |
| BMO Capital Markets Corp. | $43K | 5.97% |
| Citigroup Global Markets Inc. | $31K | 4.35% |
GOVIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $1.2B | 100.00% |
GMO Resources Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| GMOWX | Class VI | 0.61% | — |
| GOVIX | Class IV | 0.65% | — |
| GAAHX | Class R6 | 0.70% | — |
| GOFIX | Class III | 0.70% | — |
| GEACX | Class I | 0.82% | — |
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.