About GFEAX
Gramercy Emerging Markets Debt Fund - Class A is a mutual fund share class that seeks long-term capital appreciation through investments in fixed income securities linked to emerging markets countries. Under normal market conditions, the fund allocates at least 80% of its net assets, plus any borrowings for investment purposes, to a diversified portfolio of bonds, convertible bonds including contingent convertible securities and additional tier 1 capital securities, corporate bonds, sovereign and quasi-sovereign bonds, bank deposits, and other debt instruments economically tied to or influenced by emerging market performance. Managed actively by sub-adviser Gramercy Funds Management LLC under Liberty Street Advisors, the fund employs a research process combining thematic top-down views with proprietary bottom-up fundamental analysis, considering financial metrics, regional conditions, industry factors, liquidity, and environmental, social, and governance risks. It provides monthly distributions and features a minimum investment of $2,500, with a maximum front-end sales charge. Top holdings typically include government bonds from countries such as South Africa, Brazil, Mexico, Thailand, Poland, and others. Launched in 2024 and headquartered in the United States, this Class A share plays a key role in offering investors targeted exposure to the higher-yielding, yet riskier, emerging markets bond segment within the broader fixed income landscape.
Fund Family Liberty Street
Category Emerging Markets Bond
Stock Exchange NASDAQ
Ticker Symbol GFEAX
Share Class Class A Shares
GFEAX had a total return of 8.38% in the past year, including dividends. Since the fund's
inception, the average annual return has been 6.29%.
