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GMOC

GradeBNew York Stock Exchange Arca

GMO Ultra-Short Income ETF

Treasury & Government Bond · GMO · Inception 2025-10-27 · SEC filings

$50.16+0.00 (+0.00%)

As of Sep 23, 2026, 9:46 AM EDT

Market opens at 9:30 AM ET.History starts Oct 28, 2025.History starts Oct 28, 2025.
Intraday session: up, 10 prints from 50.11 to 50.16. Range 50.11 to 50.16. Use the arrow keys to read each point.$50.12$50.14Sep 17Sep 18Sep 21Sep 22Sep 23
Expense ratio
0.20%
Fund size
$34M
1Y return
—
Yield · Last 12 months
Data unavailable
Volume · 30D
0M sh
NAV per share
$50.14
52W range
low $49.68high $50.27

The ETF.net GMOC Grade

B

55/ 100

Rank 50 of 78 in Cash & Ultra-Short Income⁠

Confidence High

Six-pillar profile for GMOC. Scores out of 100: Cost 41, Risk 64, Mission 100, Tradability 12, Holdings 46, Durability 36. Strongest: Mission (100). Weakest: Tradability (12). Leans toward Mission.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 55 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    CScore 41
    Category rank43/78 · mid-pack

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    AScore 100
    Category rank20/64 · top 31%

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    BScore 64
    Category rank2/75 · top 3%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    FScore 12
    Category rank71/78 · bottom quartile

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    CScore 46
    Category rank54/77 · mid-pack

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    DScore 36
    Category rank60/78 · bottom quartile

Graded as of Sep 22, 2026

Our read on GMOC

ETF.net Research

BGMO's answer to the cash-parking corner: an actively managed ultra-short fund that reaches into CLOs and repo alongside Treasuries, not just T-bills. Launched late 2025 at a 0.20% fee.

Stated mandate

The Fund seeks current income while preserving capital. It is actively managed and invests primarily in low-duration, high-quality fixed-income securities, including CLOs, U.S. Treasuries, repurchase agreements, reverse repurchase agreements, and other investment-grade instruments.

Why people hold it

  1. 01Active by design, with a wide short-end toolkit: CLOs, Treasuries, repo and reverse repo, plus other investment-grade paper.
  2. 020.20% buys active management at the same price as the typical ultra-short bond ETF.
  3. 03The mandate is blunt (current income, capital preservation, low duration) and what it owns lines up tightly with that promise.
  4. 04Filings set income distributions on a monthly schedule.

Worth knowing

  1. 01Opened in October 2025 and trades lightly, so spreads can run wider than the category's long-established names.
  2. 02CLOs and repo carry credit and structural risk a pure Treasury bill fund does not. That is the trade for reaching past T-bills.
  3. 03Cheaper shelf-mates exist: VUSB charges 0.10%, and SHV, PULS and DUSB each charge 0.15%.

GMOC Holdings

As of Sep 20, 2026, 5:09 AM
Asset class
Bonds
Holdings
—
Top-10 weight
45%
Largest holding
WELLFLEET CLO LTD7.4%
The fund’s holdings, weight-ordered — page 1 of 4.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—WELLFLEET CLO LTD7.35%2,469,041$2M1
002—KKR FINANCIAL CLO LTD4.91%1,650,000$2M1
003—WELLFLEET CLO LTD4.77%1,600,000$2M3
004—PALMER SQUARE CLO LTD4.47%1,500,000$2M1
005—SYMPHONY CLO LTD4.26%1,428,954$1M2
006—BAIN CAPITAL CREDIT CLO, LIMIT4.05%1,357,895$1M1
007—US TREASURY N/B3.87%1,319,000$1M17
008—US TREASURY N/B3.85%1,305,000$1M14
009—GREYWOLF CLO LTD3.80%1,274,984$1M7
010—US TREASURY N/B3.32%1,130,000$1M14
011—VENTURE CDO LTD3.24%1,087,245$1M2
012—BATTALION CLO LTD3.07%1,031,314$1M2
013—US TREASURY N/B3.00%1,018,000$1M13
014—REPO DAIWA2.91%977,550$978K1
015—US TREASURY N/B2.74%929,000$922K10

Showing 1–15 of 58 holdings

GMOC Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

GMOC$10,285
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,430
Dec 31, 2025 to Sep 22, 2026. GMOC $10,285. SPY $11,430. Use the arrow keys to read each point.$9,119$10,381$11,642Dec 2025May 2026Sep 2026

Dec 31, 2025 – Sep 22, 2026

Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for GMOC. Periods over one year show the average yearly return.
PeriodGMOC
Year to date+2.9%
1 month+0.2%
3 months+1.0%
1 yearFund is under 1 year old—
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for GMOC
YearReturn barGMOC
2026 YTD+2.9%
2025+0.8%

History from Oct 28, 2025

GMOC in the news

ETF.net Research hasn’t filed on GMOC yet — coverage lands here as it’s written.

GMOC Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
Data unavailableLast 12 months
Payout per share
Data unavailableLast 12 months
Last payment
$0.19 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Monthly

Distribution data unavailable.

Distribution history

2025–2026

One bar per payment. 11 payments from 2025 to 2026 YTD. Oct 31, 2025 $0.03; Nov 28, 2025 $0.13; Dec 30, 2025 $0.26; Jan 30, 2026 $0.10; Mar 2, 2026 $0.18; Mar 31, 2026 $0.16; Apr 30, 2026 $0.13; May 29, 2026 $0.17; Jun 30, 2026 $0.16; Jul 31, 2026 $0.16; Aug 31, 2026 $0.19. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Aug 31, 2026Sep 1, 2026$0.19
Jul 31, 2026Aug 3, 2026$0.16
Jun 30, 2026Jul 1, 2026$0.16
May 29, 2026Jun 1, 2026$0.17
Apr 30, 2026May 1, 2026$0.13
Mar 31, 2026Apr 1, 2026$0.16
Mar 2, 2026Mar 3, 2026$0.18
Jan 30, 2026Feb 2, 2026$0.10
Dec 30, 2025Dec 31, 2025$0.26
Nov 28, 2025Dec 1, 2025$0.13
Oct 31, 2025Nov 3, 2025$0.03

GMOC Risk

How much the fund’s monthly returns vary, scaled to a year.
—
Launched Oct 2025; fills in after 12 months
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
—
Launched Oct 2025; fills in after 12 months
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
—
Launched Oct 2025; fills in after 12 months
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.02
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

GMOC Cost

Expense ratio0.20%
  • The middle half of Cash & Ultra-Short Income funds
  • Median 0.19%

40 of the 77 Cash & Ultra-Short Income funds charge less.

GMOC costs $20.00 a year on $10,000. The median Cash & Ultra-Short Income fund costs $19.00.