GMO Emerging Country Debt Fund (GMCDX)
| Fund Assets | 2.26B |
| Expense Ratio | 0.62% |
| Min. Investment | $125,000,000 |
| Turnover | 41.00% |
| Dividend (ttm) | 1.10 |
| Dividend Yield | 4.47% |
| Dividend Growth | 4.74% |
| Payout Frequency | Semi-Annual |
| Ex-Dividend Date | Dec 5, 2025 |
| Previous Close | 24.62 |
| YTD Return | 9.28% |
| 1-Year Return | 22.71% |
| 5-Year Return | 53.65% |
| 52-Week Low | 20.90 |
| 52-Week High | 24.72 |
| Beta (5Y) | 0.44 |
| Holdings | 312 |
| 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 22.71% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.52%.
Top 10 Holdings
19.00% of assets| Name | Symbol | Weight |
|---|---|---|
| Petroleos Mexicanos | PEMEX.7.69 01.23.50 | 3.58% |
| UNITED MEXICAN STATES - Mexico Government International Bond | MEX.5.625 03.19.14 EMTN | 2.18% |
| Nomura Securities International, Inc. - NOMURA REPO | n/a | 2.04% |
| Republic of South Africa Government International Bonds | SOAF.5.75 09.30.49 30Y | 1.69% |
| Turkiye Government International Bonds | TURKEY.5.75 05.11.47 30Y | 1.69% |
| Petroleos del Peru SA | n/a | 1.65% |
| Argentina Republic Government International Bonds | ARGENT.4.125 07.09.46 | 1.63% |
| Zorlu Enerji Elektrik Uretim AS | n/a | 1.55% |
| Ecuador Government International Bonds | ECUA.6.9 07.31.35 REGS | 1.52% |
| United States Treasury - U.S. Treasury Floating Rate Notes | TF.0 07.31.27 | 1.47% |
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 |