GMOC ETF — GMO ETF Trust (Name to be changed from The 2023 ETF Series Trust II)

GMO ETF Trust (Name to be changed from The 2023 ETF Series Trust II) (GMOC)

Updated October 16, 2026.

GMOC is a low-cost ETF. its distribution rate is 4.15%, its trailing-12-month yield is 3.69%, its expense ratio is 0.20%. Dividend Vision Distribution Safety Score™ is 94/100 (Safe). Total return is 4.0% over the past year, 8.3 points behind SPY at 12.3%.

GMO ETF Trust is an ETF that invests primarily in low-duration, high-quality fixed income securities including U.S. Treasury securities, investment-grade instruments, and securities backed by developed-country governments, with potential use of derivatives for hedging. The fund offers a moderate current distribution rate paid monthly and carries an expense ratio of 0.20%. The fund appeals to income-focused investors seeking exposure to shorter-duration fixed income with a focus on credit quality and government backing.

GMOC performance versus SPY

Price and return data through 2026-10-16.

Total return is 4.0% over the past year, 8.3 points behind SPY at 12.3%. Its deepest 1-year drawdown was 0.3%.

GMOC key facts

Distribution Safety Score™

94 · Safe

Safety-Adjusted Yield

3.90%

Issuer

GMO

Asset type

ETF

Asset class

Fixed Income

Inception date

10/27/2025

Expense ratio

0.20%

Distribution rate

4.15%

Distribution frequency

Monthly

Trailing yield

3.69%

Last close

$50.13 (as of 2026-10-16)

AUM

$33,780,577

Average volume

2894.0

Dividend

$0.1734

Ex-dividend date

09/30/2026

Payment date

10/01/2026

Beta

0.0026

How Dividend Vision calculates yield and returns

Distribution rate (4.15%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (3.69%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: GMO; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

GMOC risks and drawbacks

Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 0.3%.

Who may consider GMOC — and who may not

GMOC may suit someone looking for low-cost broad dividend exposure, a high Distribution Safety Score, moderate current income with a quality tilt. It is a weaker fit for investors hunting double-digit covered-call yields; investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

More on GMOC

• All tickers starting with G

Tagged: Fixed Income.

Frequently asked questions

More securities from GMO.