GQLIX Fees and Costs — GMO Quality Fund, Class I
Data updated: 2026-09-29
The net expense ratio is 0.62%: a 0.48% management fee plus 0.14% other expenses. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $904K in broker commissions, 0.0080% of average net assets, and portfolio turnover was 39%.
GQLIX Fees and Expenses
Annual operating expenses and sales charges of GQLIX. Prospectus, as of February 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.48% |
| 12b-1 fee | — |
| Other expenses | 0.14% |
| Gross expense ratio | 0.62% |
| Fee waiver | — |
| Net expense ratio | 0.62% |
| 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 |
GQLIX Costs Over Time
On $10,000 invested in GQLIX, assuming 5% a year before costs, total costs come to $396 over 5 years, cutting the return by 0.66% 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 0.62%) | $65 | $204 | $355 |
| Trading costs (broker commissions) | $1 | $3 | $5 |
| Lost growth on money paid in costs | $0 | $10 | $36 |
| Total costs | $66 | $217 | $396 |
| Value after costs | $10,434 | $11,360 | $12,367 |
| Impact on return, per year | 0.66% | 0.66% | 0.66% |
GQLIX 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): 0.0080%
- Total broker commissions: $904K
- Bought from dealers (principal trades, not a cost): $3.8B
- Portfolio turnover (prospectus): 39%
- Securities lending: none during the year
GQLIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Jefferies LLC | $151K | 19.73% |
| Goldman Sachs & Co. LLC | $134K | 17.47% |
| Macquarie Capital (USA) Inc. | $89K | 11.70% |
| BofA Securities, Inc. | $81K | 10.63% |
| Morgan Stanley & Co. LLC | $74K | 9.74% |
| Barclays Capital Inc. | $64K | 8.33% |
| RBC Capital Markets, LLC | $57K | 7.39% |
| SG Americas Securities, LLC | $52K | 6.76% |
| Citigroup Global Markets Inc. | $38K | 4.98% |
| Nomura Securities International, Inc. | $25K | 3.27% |
GQLIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $3.8B | 100.00% |
GMO Quality Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| GQLOX | Class VI | 0.42% | — |
| GQLFX | C000011439 | 0.45% | — |
| GQEFX | Class IV | 0.47% | — |
| GQESX | Class R6 | 0.51% | — |
| GQETX | Class III | 0.51% | — |
| GQLIX | Class I | 0.62% | — |
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.