GUGAX Fees and Costs — GMO Multi-Sector Fixed Income Fund, Class III
Data updated: 2026-01-29
The net expense ratio is 0.47% (0.84% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $4K in broker commissions, 0.0046% of average net assets, and portfolio turnover was 444%.
GUGAX Fees and Expenses
Annual operating expenses and sales charges of GUGAX. Prospectus, as of February 28, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.40% |
| 12b-1 fee | — |
| Other expenses | 0.32% |
| Gross expense ratio | 0.84% |
| Fee waiver | −0.37% |
| Net expense ratio | 0.47% |
| 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 |
GUGAX Costs Over Time
On $10,000 invested in GUGAX, assuming 5% a year before costs, total costs come to $300 over 5 years, cutting the return by 0.50% 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 0.47%) | $49 | $155 | $270 |
| Trading costs (broker commissions) | $0 | $2 | $3 |
| Lost growth on money paid in costs | $0 | $8 | $27 |
| Total costs | $50 | $164 | $300 |
| Value after costs | $10,450 | $11,412 | $12,463 |
| Impact on return, per year | 0.50% | 0.50% | 0.50% |
GUGAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending February 28, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0046%
- Total broker commissions: $4K
- Bought from dealers (principal trades, not a cost): $5.1B
- Portfolio turnover (prospectus): 444%
- Securities lending: none during the year
GUGAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $4K | 100.00% |
GUGAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Nomura Securities International, Inc. | $4.4B | 85.89% |
| Morgan Stanley & Co. LLC | $316.7M | 6.23% |
| Daiwa Capital Markets America Inc. | $142.4M | 2.80% |
| State Street Bank and Trust Company | $100.8M | 1.98% |
| Barclays Capital Inc. | $97.8M | 1.92% |
| Mizuho Securities USA LLC | $19.3M | 0.38% |
| MUFG Securities Americas Inc. | $18.8M | 0.37% |
| BofA Securities, Inc. | $13.0M | 0.26% |
| MarketAxess Corporation | $5.1M | 0.10% |
| Goldman Sachs & Co. LLC | $3.9M | 0.08% |
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.