In OO 4.2, Assets Under Management are based on the current market value of the assets as of the reporting date, determined using the same methodology that is used to calculate fees for investment advisory services (i.e. T+1 accounting). For our calculations of Assets Under Management, we have relied on the official books and records, as opposed to the investment adviser's books and records.
In OO 4.2, the value reported is Net Assets Under Management in USD. Gross Assets Under Management as of 12/31/19 are $ 64,799,445,375.
The following additional information is provided in relation to our responses for OO5 for which input areas for explanatory information were not available.
For OO 5.1, for those securities that did not fall into one of the specified categories, we have created two additional "other" categories: "Other (1), Derivatives," includes all derivative securities that are not included in the Hedge Funds category; and "Other (2), Unlisted Equity" includes equity securities that are private and not listed on an exchange (and traded OTC).
For OO 5.1, please note that for the "Other (1), Derivatives" category no look-through was conducted of the derivative instrument to the underlying securities.
For OO 5.1, all exchange-traded fund securities are categorized under "Listed equity."
For OO 5.1, all Real Estate Investment Trusts ("REITs") are categorized as "Listed equity," unless the asset was held in a private or Irish fund where it is categorized as "Hedge funds". This classification is based on the guidance for "Property," and the fact that GMO is not significantly involved in the investment selection or monitoring of the REITs' investments.