GTMIX Fees and Costs — GMO International Opportunistic Value Fund, Class III
Data updated: 2026-07-29
The net expense ratio is 0.68%: a 0.65% management fee plus 0.12% other expenses, less a 0.09% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $136K in broker commissions, 0.0395% of average net assets, and portfolio turnover was 67%.
GTMIX Fees and Expenses
Annual operating expenses and sales charges of GTMIX. Prospectus, as of February 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.65% |
| 12b-1 fee | — |
| Other expenses | 0.12% |
| Gross expense ratio | 0.77% |
| Fee waiver | −0.09% |
| Net expense ratio | 0.68% |
| 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 |
GTMIX Costs Over Time
On $10,000 invested in GTMIX, assuming 5% a year before costs, total costs come to $453 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 0.68%) | $71 | $223 | $389 |
| Trading costs (broker commissions) | $4 | $13 | $23 |
| Lost growth on money paid in costs | $0 | $12 | $41 |
| Total costs | $76 | $248 | $453 |
| Value after costs | $10,424 | $11,328 | $12,310 |
| Impact on return, per year | 0.76% | 0.76% | 0.76% |
GTMIX 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): 0.0395%
- Total broker commissions: $136K
- Bought from dealers (principal trades, not a cost): $244.3M
- Portfolio turnover (prospectus): 67%
- Securities on loan, average value: $21.8M
- Net income from securities lending: $200K (0.058% of average net assets)
GTMIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Nomura Securities International, Inc. | $24K | 20.92% |
| SG Americas Securities, LLC | $19K | 16.54% |
| Jefferies LLC | $19K | 16.53% |
| UBS Securities LLC | $11K | 9.25% |
| BofA Securities, Inc. | $8K | 6.77% |
| Morgan Stanley & Co. LLC | $8K | 6.71% |
| J.P. Morgan Securities LLC | $7K | 6.29% |
| Citigroup Global Markets Inc. | $7K | 6.20% |
| CLSA Americas, LLC | $7K | 6.11% |
| Barclays Capital Inc. | $5K | 4.67% |
GTMIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $244.3M | 100.00% |
GMO International Opportunistic Value Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| GMAZX | Class IV | 0.63% | — |
| GMBCX | Class R6 | 0.68% | — |
| GTMIX | Class III | 0.68% | — |
| IOVFX | Class I | 0.77% | — |
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.