GQLFX — GMO Quality Fund
Data updated: 2026-09-29
GQLFX — GMO Quality Fund. United States Large Cap Value Equity · $12.67B AUM · 0.45% expense ratio. Holdings, fees, performance and SEC filings.
GQLFX Fund Overview
GQLFX — GMO Quality Fund is a US mutual fund managed by Gmo Trust, categorised as United States Large Cap Value Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Gmo Trust
- Category: United States Large Cap Value Equity
- Assets under management: $12.67B
- Ticker: GQLFX
- SEC CIK: 0000772129
- SEC series ID: S000004084
- Share class ID: C000011439
GQLFX Investment Objective and Strategy
GMO Quality Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Gmo Trust.
Investment objective
Total return.
Principal investment strategy
GMO seeks to achieve the Funds investment objective by investing the Funds assets primarily in equities of companies that GMO believes to be of high quality. GMO believes a high quality company generally to be a company that has an established business that will deliver a high level of return on past investments and that will use cash flows to make investments with the potential for a high return on capital or to return cash to shareholders through dividends or share buybacks. In selecting securities for the Fund, GMO uses a combination of investment methods, typically considering both (1) systematic factors, based on profitability, profit stability, leverage, and other publicly available financial information, and (2) judgmental factors, based on GMOs assessment of future profitability, capital allocation, growth opportunities, and sustainability against competitive forces.
GMO also may rely on valuation methodologies, such as discounted cash flow analysis and multiples of price to earnings, revenues, book values or other fundamental metrics. The Fund also is permitted to invest directly and indirectly (e.g., through underlying funds or derivatives) in equities of companies tied economically to any country in the world, including emerging countries. At times, the Fund may have substantial exposure to a single asset class, industry, sector, country, region, issuer, or currency and companies with similar market capitalizations. The Fund may invest in securities of companies of any market capitalization. The factors GMO considers and investment methods GMO uses can change over time. GMO does not manage the Fund to, or control the Funds risk relative to, any securities index or securities benchmark.
As an alternative to investing directly in equities, the Fund may invest in exchange-traded and over-the-counter (OTC) derivatives and exchange-traded funds (ETFs). The Fund also may invest in derivatives and ETFs in an attempt to obtain or adjust elements of its long or short investment exposure. Derivatives used may include futures, options, forward currency contracts, and swap contracts. In addition, the Fund may lend its portfolio securities. Under normal circumstances, the Fund invests directly and indirectly at least 80% of its assets in equities of quality companies (see Name Policies). The term quality company means a company that (i) is included in an independently maintained index of quality companies (Quality Index); (ii) has financial and business characteristics that GMO determines to be similar to those of companies included in a Quality Index; or (iii) rates in the top 50% of GMOs quality rankings for companies within the Funds investment universe.
The Fund also may invest in U.S. Treasury Fund, in money market funds unaffiliated with GMO, and directly in the types of investments typically held by money market funds.
GQLFX Holdings
Top 10 holdings of GMO Quality Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Microsoft Corp | 7.01% |
| Alphabet Inc | 5.51% |
| Taiwan Semiconductor Manufacturing Co Ltd | 5.32% |
| Apple Inc | 4.99% |
| Lam Research Corp | 4.83% |
| Meta Platforms Inc | 4.37% |
| Amazon.com Inc | 3.83% |
| Johnson & Johnson | 3.77% |
| Texas Instruments Inc | 3.59% |
| Broadcom Inc | 3.35% |
GQLFX Portfolio Allocation
Asset-class allocation of GMO Quality Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 100.1% |
GQLFX Performance
Total returns for GQLFX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 6.1% |
| 1 year | 23.8% |
| 3 years (annualised) | 19.4% |
| 5 years (annualised) | 12.9% |
GQLFX Risk Information
Risk metrics for GQLFX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 14.0%
GQLFX Costs and Fees
GQLFX costs about $45 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.45%
- Gross expense ratio: 0.45%
- Portfolio turnover: 39%
- Brokerage commissions: 0.80 bps of average net assets (SEC N-CEN)
GQLFX Cashflows
Over the 12 months to 2026-05, GMO Quality Fund had net inflows of $830.87M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-05 | −$85.78M |
| 2026-04 | −$84.30M |
| 2026-03 | $57.00M |
| 2026-02 | $70.80M |
| 2026-01 | $83.71M |
| 2025-12 | $537.36M |
GQLFX Debt Constituents
No individual debt constituents are reported in GMO Quality Fund's latest SEC N-PORT filing.
GQLFX Prospectus and SEC Filings
Official GMO Quality Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-09-29
- Prospectus (485BPOS) — filed 2026-06-30
- Prospectus supplement (497) — filed 2026-04-29
- Portfolio holdings (N-PORT) — filed 2026-07-29
- Portfolio holdings (N-PORT) — filed 2026-04-29
- Portfolio holdings (N-PORT) — filed 2026-01-29
- Annual census (N-CEN) — filed 2026-05-13
- Annual census (N-CEN) — filed 2025-05-13
Related Funds
Other United States Large Cap Value Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.