GMO Emerging Country Debt Fund Class III (GMCDX)
| Fund Assets | 2.40B |
| Expense Ratio | 0.58% |
| Min. Investment | $300,000,000 |
| Turnover | 35.00% |
| Dividend (ttm) | 1.41 |
| Dividend Yield | 5.93% |
| Dividend Growth | 4.74% |
| Payout Frequency | Semi-Annual |
| Ex-Dividend Date | Dec 5, 2025 |
| Previous Close | 23.77 |
| YTD Return | 5.81% |
| 1-Year Return | 25.67% |
| 5-Year Return | 43.62% |
| 52-Week Low | 18.05 |
| 52-Week High | 23.84 |
| Beta (5Y) | n/a |
| Holdings | 310 |
| Inception Date | Apr 19, 1994 |
About GMCDX
GMO Emerging Country Debt Fund Class III is a mutual fund focused on delivering total returns that surpass those of the J.P. Morgan Emerging Markets Bond Index Global Diversified. Its primary mandate is to invest in the external debt—mainly sovereign and quasi-sovereign bonds—of emerging market countries. The fund’s strategy is centered on bottom-up issue selection, evaluating individual debt securities to identify those with similar default risk profiles but superior long-term return prospects compared to its benchmark. By prioritizing rigorous credit analysis over broader macroeconomic calls, the fund aims to provide diversified exposure to emerging market debt while controlling for risk. Managed by an experienced team with a long tenure, the fund serves institutional investors seeking value-oriented opportunities within the global fixed income landscape. Its holdings span a wide variety of countries and sectors, contributing to diversification and potential resilience in volatile markets. Notable for its relatively low expense ratio and disciplined risk management, the fund plays a significant role for investors looking to access emerging market debt as part of a broader portfolio strategy.
Performance
GMCDX had a total return of 25.67% in the past year, including dividends. Since the fund's inception, the average annual return has been 30.42%.
Top 10 Holdings
42.98% of assets| Name | Symbol | Weight |
|---|---|---|
| Contra Derivatives - Swaps | n/a | 11.45% |
| Swp: Ois 4.008500 21-Dec-2027 | n/a | 6.72% |
| Scds Panama Bond And Loan | n/a | 4.80% |
| Petroleos Mexicanos Sa De CV 7.69% | PEMEX.7.69 01.23.50 | 4.11% |
| United States Treasury Notes 4.05% | TF.0 07.31.27 | 4.04% |
| Swp: Brl 15.000000 02-Jan-2029 Bzd | n/a | 2.96% |
| Repo For R 4.20 | n/a | 2.66% |
| Mexico (United Mexican States) 5.63% | MEX.5.625 03.19.14 EMTN | 2.23% |
| Colombia (Republic Of) 5.63% | COLOM.5.625 02.26.44 | 2.05% |
| Petroleos del Peru - Petroperu SA 5.63% | PETRPE.5.625 06.19.47 REGS | 1.95% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 5, 2025 | $1.100 | Dec 8, 2025 |
| Jul 1, 2025 | $0.3134 | Jul 2, 2025 |
| Dec 6, 2024 | $1.2036 | Dec 9, 2024 |
| Jul 2, 2024 | $0.1458 | Jul 3, 2024 |
| Dec 7, 2023 | $1.7314 | Dec 8, 2023 |
| Jul 6, 2023 | $0.1648 | Jul 7, 2023 |