Fund Evaluator:

GMO Intl Developed Equity Allc III Overview

GMO Intl Developed Equity Allc III (GIOTX) is an actively managed International Equity Foreign Large Value fund. GMO launched the fund in 2006.

The investment seeks total return greater than that of its benchmark, the MSCI World ex USA Index. The fund is a fund of funds and invests primarily in equities traded in non-U.S. markets (including emerging markets) through its investment in Equity funds and GMO-managed exchange-traded funds (collectively, the “underlying GMO Funds”). The fund also may invest directly in securities (including other underlying funds) and derivatives.

About GMO Intl Developed Equity Allc III (GIOTX)

There are 2 members of the management team with an average tenure of 13.63 years: John Thorndike (2019), Ben Inker (2006). Management tenure is more important for actively managed funds than passive index funds.

The fund 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 Intl Developed Equity Allc III has 7 securities in its portfolio. The top 10 holdings constitute 100.0% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.

GMO Intl Developed Equity Allc III is part of the Equity global asset class and is within the International Equity fund group. GMO Intl Developed Equity Allc III has 97.6% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.5%. There is 97.4% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 1.9% (1.8% domestic bond, 0.1% foreign bond and 0.0% convertible bond). GMO Intl Developed Equity Allc III has 2.7% of the portfolio in cash.

Assets Under Management

The fund has $2 million in total assets, which is below the $976 million 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.

GIOTX 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 Intl Developed Equity Allc III expense ratio is above average compared to funds in the Foreign Large Value category. GMO Intl Developed Equity Allc III has an expense ratio of 0.63%, which is 40% lower than its category average, making the fund expense ratio grade a A. 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 Intl Developed Equity Allc III has a portfolio turnover rate of 14%, indicating that holds its assets around 0.1 years. By way of comparison, the average portfolio turnover is 62% for the Foreign Large Value category.

Recently, in the month of July 2026, GMO Intl Developed Equity Allc III returned 2.6%, which earned it a grade of D, as the Foreign Large Value category had an average return of 3.8%. 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 funds in that category.

GMO Intl Developed Equity Allc III has a trailing yield of 6.68%, which is above the 2.78% category average. The fund normally distributes its income semi-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 Intl Developed Equity Allc III Grades

Year to date, the fund has returned 20.6%, 5.7 percentage points better than the category, which translates into a grade of A. The fund has returned 41.3% over the past year (grade of A), 25.9% over the past three years (grade of A) and 15.2% per year over the past five years (grade of A) and 12.0% per year over the past 10 years (grade of A).

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