ETF Evaluator:
GMO International Equity ETF ()
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Best Performing in Foreign Large Value Over the Last Year
| 35.3% | VictoryShares Intl Free Csh Flow ETF (IFLO) |
| 30.8% | GMO International Value ETF (GMOI) |
| 30.2% | Tweedy, Browne International Ins+Val ETF (ICPY) |
| 28.1% | Franklin Intl Low Volatility Hi Div ETF (LVHI) |
| 27.8% | GMO International Equity ETF (GMIE) |
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Risk
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ETF Details
GMO International Equity ETF Overview
GMO International Equity ETF (GMIE) is an actively managed International Equity Foreign Large Value exchange-traded fund (ETF). GMO launched the ETF in 2026.
The investment seeks high total return.
The adviser seeks to achieve the fund's investment objective by investing the fund’s assets primarily in non-U.S. developed market equities. Under normal circumstances, the fund invests directly and indirectly at least 80% of its assets in equities. It 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.
About GMO International Equity ETF (GMIE)
There are 2 members of the management team with an average tenure of 2.59 years: George Sakoulis (2024) and Warren Chiang (2024). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 2 primary benchmarks: MSCI World ex USA NR USD index with a weighting of 100% and MSCI EAFE NR USD index with a weighting of 100%. GMO International Equity ETF has 196 securities in its portfolio. The top 10 holdings constitute 26.2% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
GMO International Equity ETF is part of the Equity global asset class and is within the International Equity ETF group. GMO International Equity ETF has 98.5% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0% There is 98.2% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 1.3% (1.1% domestic bond, 0.2% foreign bond and 0.0% convertible bond). GMO International Equity ETF has 1.3% of the portfolio in cash.
Assets Under Management
The fund has $236 million in total assets, which is below the $2 billion average for the Foreign Large Value category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
GMIE Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The GMO International Equity ETF expense ratio is above average compared to funds in the Foreign Large Value category. GMO International Equity ETF has an expense ratio of 0.75%, which is 58% higher than its category average, making the fund expense ratio grade a F. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. GMO International Equity ETF has a portfolio turnover rate of 74%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 47% for the Foreign Large Value category.
Recently, in the month of October 2026, GMO International Equity ETF returned -1.8%, which earned it a grade of F, as the Foreign Large Value category had an average return of 0.5%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
GMO International Equity ETF has a trailing yield of 0.00%, which is below the 3.32% category average.
The fund normally distributes its income annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
GMO International Equity ETF Grades
Year to date, the ETF has returned 18.4%, 4.5 percentage points better than the category, which translates into a grade of A. The fund has returned 27.8% over the past year (grade of A), 29.6% over the past three years (grade of A) and 15.9% per year over the past five years (grade of A) and 12.1% per year over the past 10 years (grade of A).
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GMIE Trailing NAV Total Returns Data as of 10/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| GMIE Return (NAV) | -1.8% | -1.2% | 27.8% | 29.6% | 15.9% | 12.1% |
| GMIE Return (Price) | na | na | na | na | na | na |
| NAV +/- Price Return | na | na | na | na | na | na |
| Foreign Large Value Avg | 0.5% | -1.0% | 20.5% | 23.2% | 11.9% | 9.7% |
| GMIE Grade (NAV) | F | C | A | A | A | A |
| +/- Category (NAV) | -2.3% | -0.2% | 7.4% | 6.4% | 3.9% | 2.4% |
| GMIE Tax-Cost Ratio | na | na | na | na | na | na |
GMIE Annual NAV Total ReturnsData as of 10/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| GMIE Return (NAV) | 18.4% | 43.9% | 12.9% | 20.4% | -10.5% | 12.1% | 7.4% | 24.4% | -20.6% | 25.6% | 1.6% |
| GMIE Return (Price) | na | na | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | na | na | na | na | na | na | na | na | na | na | na |
| Foreign Large Value Avg | 13.8% | 38.3% | 5.0% | 16.8% | -9.1% | 12.5% | 0.4% | 19.3% | -14.1% | 23.1% | 6.9% |
| GMIE Grade (NAV) | A | B | A | A | D | C | A | A | F | B | F |
| +/- Category | 4.5% | 5.6% | 7.9% | 3.6% | -1.4% | -0.4% | 7.0% | 5.1% | -6.5% | 2.5% | -5.2% |
| Risk Measures | |
| Beta: | 0.85 |
| R-Squared: | 80% |
| Standard Deviation: | 12.5% |
| Category Risk Index: | 1.02 |
| Category Risk Rating: | Above Average |
| Total Risk Index: | 1.03 |
| Total Risk Rating: | Average |
| Portfolio Characteristics | |
| Yield: | -- |
| Total Assets: | $ 1,422 Mil |
| Share Class Assets: | $ 236 Mil |
| Turnover: | 74.0% |
| Expense Ratio: | 0.75% |
| Index Fund: | No |
| Index Tracked: | MSCI World ex USA NR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Annually |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 2.6 years | |||
| Average Tenure: 2.6 years | |||
| Managers (Year): Sakoulis George (2024), Chiang Warren (2024) | |||
Portfolio Composition (as of 9/30/26)
| # of Holdings: | 196 |
| % in Top 10 Holdings: | 26.2% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 98.5% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 98.2% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 1.1% |
| Foreign Bond: | 0.2% |
| Convertible Bond: | 0.0% |
| Other: | -0.9% |
| Cash: | 1.3% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | GMO |
| Phone Number: | 617-346-7646 |
| Website: | www.gmo.com |
| Inception Date: | October 20, 2026 |
Expenses and Fees
| Expense Ratio (%): | 0.75% (Rating: Above Avg) |
| Category Average Expense Ratio (%): | 0.47% |
