ETF Education Report: GMO ULTRA-SHORT INCOME ETF (GMOC)

What this ETF is trying to do

The GMO ULTRA-SHORT INCOME ETF (ticker: GMOC) is an exchange-traded fund listed on the NYSE. Based on its name, this fund focuses on "ultra-short income," which generally means it looks for ways to provide income through short-term investments.

What the numbers show

As of September 18, 2026, the current price of one share is $50.13.

When looking at how the fund has performed this year (Year-to-Date or YTD), it is important to look at two different numbers:

• YTD Price Return: This is 0.27%. This number only shows how much the share price itself has changed.

• YTD Total Return: This is 2.81%. This number is different because it includes both the price change and the money paid out to investors through distributions.

Because this fund does not have a recorded history of stock splits, we cannot compare the current price to an estimated price from one year ago.

Income and distribution explanation

Some investors look at ETFs specifically to receive regular cash payments, known as distributions.

• Distribution Yield: This ETF has a distribution yield of approximately 3.34%. This represents the cash distributions relative to the current share price.

• Payout Frequency: The fund usually pays out monthly. In the last 12 months, there were 11 payouts.

• Trailing Distributions: The amount paid out over the last year was approximately $1.68 per share.

It is important to remember that a distribution yield tells you how much cash was paid out, but it is not the same thing as your total return.

NAV erosion explanation

"NAV erosion" is a term used to describe when the value of the underlying assets in an ETF decreases over time. While some investors worry about this, there is no "severe erosion-risk flag" for this ETF. The data provided does not include an erosion score, as there is insufficient verified price history to calculate one.

Pros

• The fund provides a YTD total return of 2.81%.

• It offers regular cash distributions, which usually happen on a monthly basis.

Cons

• The fund has an income rating grade of "D" with a score of 52.

• The top holdings data is currently empty, so we cannot see which specific assets the fund owns.

Beginner takeaway

When looking at an ETF like GMOC, it is helpful to distinguish between the price return (how the share price moves) and the total return (the price move plus the cash paid to you). While this fund provides regular distributions, always remember that a high yield is just one part of how an investment performs.

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*Disclaimer: This report is for educational purposes only. It does not provide financial advice. I am not recommending whether you should buy, sell, or hold this ETF.*