Expense Ratio History

GSMFX expense ratio history

GMO SGM Major Markets Fund, Class III

Fund company
GMO
Type
Mutual fund

1.14%

In basis points
114 basis points
Yearly cost per $10,000
$114
Prospectus dated
30 June 2023, filed with the SEC; rounded to 0.01%
Last change
Raised from 1.10% on 30 June 2023

Fee over time

GSMFX expense ratio: 1.03% until 30 Jun 2016, then 1.04%; 1.04% until 30 Jun 2017, then 1.05%; 1.05% until 30 Jun 2018, then 1.03%; 1.03% until 30 Jun 2019, then 1.04%; 1.04% until 30 Jun 2020, then 1.06%; 1.06% until 30 Jun 2021, then 1.08%; 1.08% until 30 Jun 2022, then 1.10%; 1.10% until 30 Jun 2023, then 1.14%; read at 1.14% on 30 Jun 2023.0.00%0.50%1.00%1.50%Nov 2015Mar 2017Jul 2018Nov 2019Mar 2021Jul 20221.03% before1.14% from 30 Jun 2023
GSMFX expense ratio: 1.03% until 30 Jun 2016, then 1.04%; 1.04% until 30 Jun 2017, then 1.05%; 1.05% until 30 Jun 2018, then 1.03%; 1.03% until 30 Jun 2019, then 1.04%; 1.04% until 30 Jun 2020, then 1.06%; 1.06% until 30 Jun 2021, then 1.08%; 1.08% until 30 Jun 2022, then 1.10%; 1.10% until 30 Jun 2023, then 1.14%; read at 1.14% on 30 Jun 2023.0.00%0.50%1.00%1.50%Nov 2015Jul 2018Mar 20211.03% before1.14% from 30 Jun 2023
Solid line: the fee in effect after each recorded change. Dashed: the fee before it. Dots: prospectuses filed with the SEC and dates we read the fee from a source.

Share classes

The same fund is sold as 6 share classes, each with its own fee. Figures are from each class's latest prospectus in SEC filings, rounded to 0.01%.

TickerShare classFeeAfter waiversProspectus dated
GSMFX (this page) Class III 1.14% 1.02% 30 Jun 2023
GSMJX Class IV 1.09% 0.97% 30 Jun 2023
— Class V 0.97% 0.95% 1 Dec 2015
GSMHX Class VI 1.07% 0.93% 30 Jun 2023
GSMKX Class I 1.30% 1.12% 30 Jun 2023
GAAJX Class R6 1.14% 1.02% 30 Jun 2023

Every figure we've recorded

DateFeeWhat happened
30 Jun 2023 1.14% In the prospectusTotal annual fund operating expenses in the prospectus dated 2023-06-30 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
30 Jun 2023 1.14% Raised from 1.10% to 1.14%Prospectus date; the new figure appears in this filingSource: Prospectus (form 497) filed with the SEC on 2023-07-03
30 Jun 2022 1.10% In the prospectusTotal annual fund operating expenses in the prospectus dated 2022-06-30 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
30 Jun 2022 1.10% Raised from 1.08% to 1.10%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2022-06-30
30 Jun 2021 1.08% In the prospectusTotal annual fund operating expenses in the prospectus dated 2021-06-30 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
30 Jun 2021 1.08% Raised from 1.06% to 1.08%Prospectus date; the new figure appears in this filingSource: Prospectus (form 497) filed with the SEC on 2021-10-05
30 Jun 2020 1.06% In the prospectusTotal annual fund operating expenses in the prospectus dated 2020-06-30 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
30 Jun 2020 1.06% Raised from 1.04% to 1.06%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2020-07-17
30 Jun 2019 1.04% In the prospectusTotal annual fund operating expenses in the prospectus dated 2019-06-30 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
30 Jun 2019 1.04% Raised from 1.03% to 1.04%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2019-07-22
30 Jun 2018 1.03% In the prospectusTotal annual fund operating expenses in the prospectus dated 2018-06-30 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
30 Jun 2018 1.03% Cut from 1.05% to 1.03%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2018-07-23
30 Jun 2017 1.05% In the prospectusTotal annual fund operating expenses in the prospectus dated 2017-06-30 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
30 Jun 2017 1.05% Raised from 1.04% to 1.05%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2017-07-21
30 Jun 2016 1.04% In the prospectusTotal annual fund operating expenses in the prospectus dated 2016-06-30 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
30 Jun 2016 1.04% Raised from 1.03% to 1.04%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2016-07-21
1 Dec 2015 1.03% In the prospectusTotal annual fund operating expenses in the prospectus dated 2015-12-01 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497

What this fee costs

Change the amount, years or return. The estimate keeps the fee at 1.14% and the return steady each year, the same assumptions as the cost example in a fund's prospectus.

$1,392 in fees over 10 years

After fees, $10,000 grows to $14,564.

Fees paid on $10,000 at 5% a year
AfterFees paid
1 year$117
3 years$364
5 years$631
10 years$1,392

How we read this figure

The figure is the total annual fund operating expenses line of the fee table in the fund's prospectus, as tagged in the fund company's filing with the SEC. The SEC publishes these figures rounded to four decimal places, so 0.015% appears as 0.02%. The fund company's own page may show a more precise number.

SEC filings give 9 prospectuses for this share class since 2015. Each one is listed above with a link to the filing.

How we read fees

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