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Name

As of 04/17/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

GMO Climate Change Fund

GCCHX | Fund

$21.51

$827 M

2.20%

$0.48

0.82%

Vitals

YTD Return

-13.1%

1 yr return

-24.7%

3 Yr Avg Return

-10.1%

5 Yr Avg Return

4.9%

Net Assets

$827 M

Holdings in Top 10

42.9%

52 WEEK LOW AND HIGH

$21.6
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.82%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A

Min Investment

Standard (Taxable)

$5,000,000

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 04/17/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

GMO Climate Change Fund

GCCHX | Fund

$21.51

$827 M

2.20%

$0.48

0.82%

GCCHX - Profile

Distributions

  • YTD Total Return -13.1%
  • 3 Yr Annualized Total Return -10.1%
  • 5 Yr Annualized Total Return 4.9%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.84%
DIVIDENDS
  • Dividend Yield 2.2%
  • Dividend Distribution Frequency SemiAnnual

Fund Details

  • Legal Name
    GMO Climate Change Fund
  • Fund Family Name
    GMO Mutual Funds
  • Inception Date
    Apr 05, 2017
  • Shares Outstanding
    N/A
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Lucas White

Fund Description

GMO seeks to achieve the Fund’s investment objective by investing the Fund’s assets primarily in equities of companies GMO believes are positioned to benefit, directly or indirectly, from efforts to curb or mitigate the long-term effects of global climate change, to address the environmental challenges presented by global climate change, or to improve the efficiency of resource consumption. Due to the far-reaching effects of, and evolving innovation related to, climate change, GMO expects such companies to be involved in a wide array of businesses.GMO selects the securities the Fund buys and sells based on its evaluation of companies’ published financial information and corporate behavior (such as profit warnings, share issuance or repurchase, and director dealings in company stock), securities’ prices, commodities’ prices, equity and bond markets, the overall global economy, and governmental policies. GMO also may consider ESG (environmental, social, and governance) criteria.In selecting securities for the Fund, GMO uses a combination of investment methods to identify securities GMO believes have positive return potential. Some of these methods evaluate individual companies or groups of companies based on the ratio of their security price to historical financial information and forecasted financial information, such as profitability, cash flow and earnings, and a comparison of these ratios to current and historical industry, market or company averages. Other methods focus on patterns of information, such as price movement or volatility of a security or groups of securities. The Fund may invest its assets in securities of companies of any market capitalization and may invest a significant portion of its assets in securities of companies with smaller market capitalizations. The Fund invests in companies tied economically to emerging markets. The Fund has no limit on the amount it may invest in any single asset class, sector, country, industry, region or issuer. The Fund also may utilize an event-driven strategy, such as merger arbitrage. The factors GMO considers and investment methods GMO uses can change over time. GMO does not manage the Fund to, or control the Fund’s risk relative to, any securities index or securities benchmark.The Fund has a fundamental policy to concentrate its investments in climate change-related industries, and under normal market conditions, the Fund invests at least 80% of its assets in companies in such industries (see “Name Policies”). The Fund considers “climate change-related industries” to include clean energy, batteries and storage, electric grid, energy efficiency, recycling and pollution control, agriculture, water, and businesses that service such industries. The Fund is permitted to invest directly and indirectly in equities of companies tied economically to any country in the world, including emerging countries.As an alternative to investing directly in equities, the Fund may invest in exchange-traded and over-the-counter (OTC) derivatives and exchange-traded funds (ETFs). The Fund also may invest in derivatives and ETFs in an attempt to obtain or adjust elements of its long or short investment exposure. Derivatives used may include futures, options, forward currency contracts, and swap contracts. In addition, the Fund may lend its portfolio securities.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.
Read More

GCCHX - Performance

Return Ranking - Trailing

Period GCCHX Return Category Return Low Category Return High Rank in Category (%)
YTD -13.1% -44.3% 9.5% 12.18%
1 Yr -24.7% -51.1% 24.7% 7.10%
3 Yr -10.1%* -6.4% 28.0% 2.03%
5 Yr 4.9%* -4.2% 18.3% N/A
10 Yr N/A* 1.0% 13.7% N/A

* Annualized

Return Ranking - Calendar

Period GCCHX Return Category Return Low Category Return High Rank in Category (%)
2023 -7.8% -50.5% 18.8% 85.81%
2022 -12.5% -27.4% 103.5% 37.06%
2021 -4.8% 3.5% 66.4% 74.29%
2020 34.1% -64.5% 5.6% 31.75%
2019 21.4% -9.3% 49.7% N/A

Total Return Ranking - Trailing

Period GCCHX Return Category Return Low Category Return High Rank in Category (%)
YTD -13.1% -44.3% 9.5% 10.26%
1 Yr -24.7% -51.1% 24.7% 6.45%
3 Yr -10.1%* -6.4% 28.0% 2.03%
5 Yr 4.9%* -4.2% 18.3% N/A
10 Yr N/A* 1.0% 13.7% N/A

* Annualized

Total Return Ranking - Calendar

Period GCCHX Return Category Return Low Category Return High Rank in Category (%)
2023 -6.8% -50.6% 18.8% 85.81%
2022 -10.4% -27.4% 103.5% 37.06%
2021 10.2% 3.5% 66.4% 74.29%
2020 42.9% -64.5% 5.6% 34.92%
2019 26.4% -9.3% 53.2% N/A

NAV & Total Return History

GCCHX - Holdings

Concentration Analysis

GCCHX Category Low Category High GCCHX % Rank
Net Assets 827 M 2.31 M 71.6 B 22.50%
Number of Holdings 102 31 9561 36.25%
Net Assets in Top 10 330 M 452 K 5.44 B 17.50%
Weighting of Top 10 42.87% 4.2% 63.4% 10.00%

Top 10 Holdings

  1. Sunrun Inc 5.72%
  2. LG Chem Ltd 5.52%
  3. Darling Ingredients Inc 4.73%
  4. Ivanhoe Mines Ltd 4.11%
  5. Vestas Wind Systems A/S 4.07%
  6. Nexans SA 4.02%
  7. SolarEdge Technologies Inc 3.94%
  8. Ameresco Inc 3.90%
  9. GMO U.S. Treasury Fund 3.78%
  10. Canadian Solar Inc 3.08%

Asset Allocation

Weighting Return Low Return High GCCHX % Rank
Stocks 		103.97% 40.59% 104.41% 13.13%
Cash 		0.01% -4.41% 47.07% 83.13%
Preferred Stocks 		0.00% 0.00% 1.04% 42.50%
Other 		0.00% -7.94% 19.71% 98.75%
Convertible Bonds 		0.00% 0.00% 7.55% 35.63%
Bonds 		0.00% 0.00% 8.07% 0.63%

Stock Sector Breakdown

Weighting Return Low Return High GCCHX % Rank
Industrials 		32.85% 0.00% 53.77% 11.25%
Basic Materials 		23.74% 0.00% 26.39% 3.13%
Technology 		16.36% 0.00% 93.40% 43.13%
Consumer Defense 		10.17% 0.00% 52.28% 8.13%
Utilities 		8.65% 0.00% 70.33% 11.88%
Energy 		5.00% 0.00% 36.56% 6.88%
Consumer Cyclical 		3.01% 0.00% 71.20% 91.25%
Real Estate 		0.22% 0.00% 43.48% 83.13%
Healthcare 		0.00% 0.00% 28.38% 90.63%
Financial Services 		0.00% 0.00% 75.07% 90.63%
Communication Services 		0.00% 0.00% 23.15% 90.00%

Stock Geographic Breakdown

Weighting Return Low Return High GCCHX % Rank
US 		53.99% 6.76% 79.19% 18.75%
Non US 		49.98% 12.39% 83.06% 61.25%

GCCHX - Expenses

Operational Fees

GCCHX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.82% 0.43% 2.93% 86.88%
Management Fee 0.75% 0.30% 1.25% 38.13%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.03% 0.15% N/A

Sales Fees

GCCHX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.50% 5.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

GCCHX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

GCCHX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 7.00% 145.00% 98.52%

GCCHX - Distributions

Dividend Yield Analysis

GCCHX Category Low Category High GCCHX % Rank
Dividend Yield 2.20% 0.00% 14.18% 46.25%

Dividend Distribution Analysis

GCCHX Category Low Category High Category Mod
Dividend Distribution Frequency SemiAnnual Annually Annually Annually

Net Income Ratio Analysis

GCCHX Category Low Category High GCCHX % Rank
Net Income Ratio 0.84% -1.92% 6.98% 6.37%

Capital Gain Distribution Analysis

GCCHX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

GCCHX - Fund Manager Analysis

Managers

Lucas White

Start Date

Tenure

Tenure Rank

Mar 08, 2017

5.23

5.2%

Mr. White has been responsible for providing portfolio management and research services for GMO’s Focused Equity portfolios since September 2015. Mr. White previously served in other capacities at GMO, including providing portfolio management for the GMO Quality Strategy, since joining GMO in 2006.

Thomas Hancock

Start Date

Tenure

Tenure Rank

Mar 08, 2017

5.23

5.2%

Dr. Hancock is the head of GMO's Focused Equity team and the portfolio manager for the Quality Strategy. Previously, at GMO, he was co-head of the Global Equity team. He is a partner of the firm. Prior to joining GMO in 1995, he was a research analyst at Siemens and a software engineer at IBM. Dr. Hancock holds a Ph.D. in Computer Science from Harvard University and B.S. and M.S. degrees from Rensselaer Polytechnic Institute.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 39.6 7.02 9.33

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