In less than six months, a 47-year-old, $58-billion-AUM (as of September 30, 2023) fund firm's first ever ETF has crossed the half-a-billion line.
| Scott Louis Hayward Grantham, Mayo, Van Otterloo LLC CEO, Board Member | |
The
GMO U.S. Quality ETF (QLTY on the
NYSE Arca, Inc.) recently surpassed $500 million in AUM, a spokesperson for Boston-based Grantham, Mayo, Van Otterloo & Co. LLC (
GMO [
profile]) tells
MFWire. Per
Morningstar, the actively managed equity ETF (a series of the
2023 ETF Series Trust II) now has $577.8 million in AUM, up $137.8 million (31.3 percent) this month alone.
The GMO team
launched QLTY
last fall, in partnership with
Goldman Sachs' ETF Accelerator platform. The fund's inception date was November 13, 2023, and it comes with an expense ratio of 50 basis points.
GMO serves as QLTY's investment advisor. The ETF's PM team includes:
Ty Cobb, portfolio manager on GMO's focused equity team;
Tom Hancock, head of the focused equity team; and
Anthony Hene, PM on the focused equity team.
QLTY's other service providers include: ACA's
Foreside Fund Officer Services, LLC as provider of compliance services and a chief compliance officer; Foreside Fund Services, LLC as distributor;
Morgan, Lewis & Bockius LLP as counsel;
PricewaterhouseCoopers LLP as independent accounting firm; and
State Street Bank & Trust Company as administrator, custodian, dividend disbursing agent, securities lending agent, and transfer agent. 
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