ETF Evaluator:
GMO U.S. Value ETF ()
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(as of Aug 26)
Best Performing in Large Value Over the Last Year
| 72.4% | iShares MSCI USA Value Factor ETF (VLUE) |
| 39.0% | SEI QiM U.S. Lrg Cap Value Actv ETF (SEIV) |
| 34.8% | LSV Disciplined Value ETF (LSVD) |
| 34.7% | iShares Core Dividend ETF (DIVB) |
| 34.4% | Avantis US Large Cap Value ETF (AVLV) |
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Risk
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ETF Details
GMO U.S. Value ETF Overview
GMO U.S. Value ETF (GMOV) is an actively managed U.S. Equity Large Value exchange-traded fund (ETF). GMO launched the ETF in 2024.
The investment seeks total return.
The fund is an actively managed ETF that seeks to achieve its investment objective by investing the fund’s assets primarily in securities traded in U.S. equity markets. Under normal circumstances, the fund invests directly and indirectly (e.g., through underlying funds or derivatives) at least 80% of its assets in companies tied economically to the United States.
About GMO U.S. Value ETF (GMOV)
There are 3 members of the management team with an average tenure of 1.76 years: Tara Oliver (2024), John Thorndike (2024) and George Sakoulis (2024). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 2 primary benchmarks: MSCI USA GR USD index with a weighting of 100% and MSCI USA Value GR USD index with a weighting of 100%. GMO U.S. Value ETF has 168 securities in its portfolio. The top 10 holdings constitute 30.2% 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 U.S. Value ETF is part of the Equity global asset class and is within the U.S. Equity ETF group. GMO U.S. Value ETF has 1.5% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 98.1% There is 1.5% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). GMO U.S. Value ETF has 0.4% of the portfolio in cash.
Assets Under Management
The fund has $101 million in total assets, which is below the $5 billion average for the 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.
GMOV 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 U.S. Value ETF expense ratio is average compared to funds in the Large Value category. GMO U.S. Value ETF has an expense ratio of 0.50%, which is 34% higher than its category average, making the fund expense ratio grade a D. 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 U.S. Value ETF has a portfolio turnover rate of 22%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 40% for the Large Value category.
Recently, in the month of July 2026, GMO U.S. Value ETF returned 5.7%, which earned it a grade of A, as the Large Value category had an average return of 2.4%. 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 U.S. Value ETF has a trailing yield of 1.88%, which is above the 1.70% category average.
The fund normally distributes its income quarterly 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 U.S. Value ETF Grades
Year to date, the ETF has returned 15.7%, 1.3 percentage points better than the category, which translates into a grade of C. The fund has returned 28.1% over the past year (grade of B).
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GMOV Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| GMOV Return (NAV) | 5.7% | 6.0% | 28.1% | na | na | na |
| GMOV Return (Price) | 5.9% | 6.1% | 28.3% | na | na | na |
| NAV +/- Price Return | -0.125% | -0.066% | -0.276% | na | na | na |
| Large Value Avg | 2.4% | 5.9% | 24.1% | 16.3% | 11.3% | 12.1% |
| GMOV Grade (NAV) | A | C | B | na | na | na |
| +/- Category (NAV) | 3.4% | 0.1% | 4.0% | na | na | na |
| GMOV Tax-Cost Ratio | na | na | 0.9% | na | na | na |
GMOV Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| GMOV Return (NAV) | 15.7% | 14.8% | na | na | na | na | na | na | na | na | na |
| GMOV Return (Price) | 15.8% | 14.8% | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | 0.006% | -0.002% | na | na | na | na | na | na | na | na | na |
| Large Value Avg | 14.4% | 14.8% | 15.5% | 13.1% | -6.5% | 26.7% | 5.4% | 27.4% | -6.6% | 17.7% | 15.7% |
| GMOV Grade (NAV) | C | C | na | na | na | na | na | na | na | na | na |
| +/- Category | 1.3% | -0.0% | na | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | na |
| R-Squared: | na |
| Standard Deviation: | na |
| Category Risk Index: | na |
| Category Risk Rating: | |
| Total Risk Index: | na |
| Total Risk Rating: | |
| Portfolio Characteristics | |
| Yield: | 1.9% |
| Total Assets: | $ 102 Mil |
| Share Class Assets: | $ 102 Mil |
| Turnover: | 22.0% |
| Expense Ratio: | 0.50% |
| Index Fund: | No |
| Index Tracked: | MSCI USA GR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Quarterly |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 1.8 years | |||
| Average Tenure: 1.8 years | |||
| Managers (Year): Oliver Tara (2024), Thorndike John (2024), Sakoulis George (2024) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 168 |
| % in Top 10 Holdings: | 30.2% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 1.5% |
Portfolio Allocation |
|
| Domestic Stock: | 98.1% |
| Foreign Stock: | 1.5% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.4% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | GMO |
| Phone Number: | 844-761-1102 |
| Website: | |
| Inception Date: | October 28, 2024 |
Expenses and Fees
| Expense Ratio (%): | 0.50% (Rating: Avg) |
| Category Average Expense Ratio (%): | 0.37% |
