GMO Emerging Country Debt III (GMCDX)

Fund Assets	2.09B
Expense Ratio	0.602%
Min. Investment	$125,000,000
Turnover	41.00%
Dividend (ttm)	1.10
Dividend Yield	4.59%
Dividend Growth	4.74%
Payout Frequency	n/a
Ex-Dividend Date	Dec 5, 2025

Previous Close	23.89
YTD Return	6.04%
1-Year Return	12.15%
5-Year Return	50.15%
52-Week Low	22.26
52-Week High	24.74
Beta (5Y)	0.44
Holdings	317
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.

• Fund Family: GMO
• Category: Emerging Markets Bond
• Performance Rating: High
• Risk Rating: Above Average
• Stock Exchange: Nasdaq
• Ticker Symbol: GMCDX
• Share Class: Class III
• Index: Index is not available on Lipper Database

Performance

GMCDX had a total return of 12.15% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.38%.

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
GMOQX	Class Vi	0.53%
GMDFX	Class Iv	0.57%

Top 10 Holdings

20.42% of assets

Name	Symbol	Weight
Nomura Fixed Income Securities Private Ltd. - NOMURA REPO	n/a	3.97%
Petroleos Mexicanos	PEMEX.7.69 01.23.50	3.54%
Petroleos del Peru SA	PETRPE.5.625 06.19.47 REGS	1.83%
Bahrain Government International Bonds	BHRAIN.6 09.19.44 REGS	1.72%
Republic of South Africa Government International Bonds	SOAF.5.75 09.30.49 30Y	1.66%
Argentina Republic Government International Bonds	ARGENT.4.125 07.09.46	1.65%
Turkiye Government International Bonds	TURKEY.5.75 05.11.47 30Y	1.59%
CA La Electricidad de Caracas	ELECAR.8.5 04.10.18	1.54%
Ecuador Government International Bonds	ECUA.6.9 07.31.35 REGS	1.51%
UNITED MEXICAN STATES - Mexico Government International Bond	MEX.5.625 03.19.14 EMTN	1.41%

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

Data Sources: Tiingo, Financial Modeling Prep, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Financial Modeling Prep. Several fund data points are also provided by Finnhub.

Last checked:

Oct 16, 2026

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