Fund Evaluator:
GMO Resource Transition VI (GMOYX)
Follow This Fund
Best Performing in Natural Resources Over the Last Year
| 46.3% | GMO Resources I (GEACX) |
| 43.7% | PGIM Jennison Natural Resources Z (PNRZX) |
| 42.8% | US Global Investors Global Res (PSPFX) |
| 42.5% | Nomura Natural Resources Y (IGNYX) |
| 40.8% | Fidelity Advisor Global Commodity Stk Z (FIQRX) |
Fund Details
GMO Resource Transition VI Overview
GMO Resource Transition VI (GMOYX) is an actively managed Sector Equity Natural Resources fund. GMO launched the fund in 2023.
The investment seeks total return. The adviser seeks to achieve the fund’s investment objective by investing the fund’s assets primarily in equities of companies in the resource transition sector. The fund's managers consider the “resource transition sector” to include companies that own, produce, refine, process, transport, and market natural resources other than fossil fuels and companies that provide related equipment, infrastructure, and services. The fund 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 Resource Transition VI (GMOYX)
There are 2 members of the management team with an average tenure of 3.47 years: Lucas White (2023), Thomas Hancock (2023). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: MSCI ACWI NR USD index with a weighting of 100% and MSCI ACWI Com Prod ex-Energy NR USD index with a weighting of 100%. GMO Resource Transition VI has securities in its portfolio. The top 10 holdings constitute 0.0% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is considered to have an ESG focus with its investment selection and management.
GMO Resource Transition VI is part of the Equity global asset class and is within the Sector Equity fund group. GMO Resource Transition VI has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0%. There is 0.0% 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 Resource Transition VI has 0.0% of the portfolio in cash.
Assets Under Management
The fund has $167 million in total assets, which is below the $233 million average for the Natural Resources 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.
GMOYX 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 Resource Transition VI expense ratio is high compared to funds in the Natural Resources category. GMO Resource Transition VI has an expense ratio of 0.86%, which is 25% lower than its category average, making the fund expense ratio grade a B. 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 Resource Transition VI has a portfolio turnover rate of 53%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 61% for the Natural Resources category.
Recently, in the month of July 2026, GMO Resource Transition VI returned -3.0%, which earned it a grade of F, as the Natural Resources category had an average return of 1.9%. 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 Resource Transition VI has a trailing yield of 4.69%, which is above the 2.18% 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 Resource Transition VI Grades
Year to date, the fund has returned 10.3%, 3.4 percentage points worse than the category, which translates into a grade of D. The fund has returned 52.9% over the past year (grade of A) and 1.0% over the past three years (grade of F).
For more mutual fund grades, analysis and screening tools to help your investment discovery, join AAII for a $2, full-access trial. Learn more here: https://invest.aaii.com/membership.
Otherwise, for more information about GMO Resource Transition VI, including its riskiness, submit your email to unlock the rest of the article.
Gain access to exclusive AAII member-only content.
GMOYX 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 |
|
| GMOYX Return (NAV) | -3.0% | -11.1% | 52.9% | 1.0% | na | na |
| GMOYX Grade | F | F | A | F | na | na |
| +/- Category | -4.9% | -6.1% | 19.3% | -10.5% | na | na |
| Natural Resources Avg | 1.9% | -5.0% | 33.6% | 11.4% | 11.6% | 9.5% |
| GMOYX Tax Cost Ratio | na | na | 2.0% | 1.6% | na | na |
GMOYX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| GMOYX Return (NAV) | 10.3% | 47.4% | -26.2% | na | na | na | na | na | na | na | na |
| GMOYX Grade | D | A | F | na | na | na | na | na | na | na | na |
| +/- Category | -3.4% | 18.8% | -25.7% | na | na | na | na | na | na | na | na |
| Natural Resources Avg | 13.7% | 28.6% | -0.5% | 3.4% | 8.0% | 30.8% | 9.6% | 14.8% | -20.5% | 13.1% | 28.6% |
| Risk Measures | |
| Standard Deviation: | 26.7% |
| Total Risk Index: | 2.18 - High |
| Category Risk Index: | 1.51 - High |
| Category Risk Grade: | F (107% Rank) |
| Beta: | 1.18 |
| R-Squared: | 31% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | na |
| Bond Investment Style: | na |
| Yield: | 4.7% |
| Dividend Distribution: | Semi-Annually |
| Cap Gains Distribution: | Annually |
| Total Assets: | $167 Mil |
| Fund Total Assets: | $ 167 Mil |
| Share Class Type: | Other |
| Portfolio Turnover: | 53% |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 3.5 years | |||
| Average Tenure: 3.5 years | |||
| Managers (Year): White Lucas (2023), Hancock Thomas (2023) | |||
Portfolio Composition (as of )
| # of Holdings: | |
| % in Top 10 Holdings: | 0.0% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 0.0% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.0% |
Purchase Information
| Fund Family: | GMO |
| Phone Number: | 617-346-7646 |
| Website: | www.gmo.com |
| Status: | Open |
| Inception Date: | February 15, 2023 |
| Min. Initial Purchase: | $300,000,000 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | na |
Expenses and Fees | |
| Expense Ratio (%): | 0.86% ( Rating : High ) |
| Category Average Expense Ratio (%): | 1.15% |
| Share Class: | GMO Resource Transition VI |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
