GMO Emerging Country Debt Fund Class IV (GMDFX)
| Fund Assets | 2.40B |
| Expense Ratio | 0.53% |
| Min. Investment | $125,000,000 |
| Turnover | 35.00% |
| Dividend (ttm) | 1.42 |
| Dividend Yield | 5.99% |
| Dividend Growth | 4.35% |
| Payout Frequency | Semi-Annual |
| Ex-Dividend Date | Dec 5, 2025 |
| Previous Close | 23.71 |
| YTD Return | 5.78% |
| 1-Year Return | 25.69% |
| 5-Year Return | 44.02% |
| 52-Week Low | 18.00 |
| 52-Week High | 23.78 |
| Beta (5Y) | 0.52 |
| Holdings | 310 |
| Inception Date | Jan 9, 1998 |
About GMDFX
GMO Emerging Country Debt Fund Class IV is a mutual fund that primarily invests in external debt securities issued by sovereign and quasi-sovereign entities in emerging markets. Its main purpose is to generate a total return that exceeds its benchmark, the J.P. Morgan Emerging Markets Bond Index Global Diversified, by focusing on the selection of bonds with favorable long-term risk-return characteristics relative to the index. The fund manages a diversified portfolio that includes government, corporate, and related debt instruments, with significant geographic and issuer diversification. It achieves its objectives through a combination of direct investments and the use of derivatives such as swaps and currency forwards to manage risk, enhance liquidity, or seek additional return. Notable features include its cost efficiency, institutional share class structure, and focus on non-local currency denominated ("external") debt, making it a significant player within the emerging markets bond sector. The fund caters to large institutional clients, managing several billion dollars in assets, and offers exposure to the evolving credit landscapes and yield opportunities presented by developing economies.
Performance
GMDFX had a total return of 25.69% in the past year, including dividends. Since the fund's inception, the average annual return has been 27.29%.
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 | $1.1074 | Dec 8, 2025 |
| Jul 1, 2025 | $0.3173 | Jul 2, 2025 |
| Dec 6, 2024 | $1.2142 | Dec 9, 2024 |
| Jul 2, 2024 | $0.1511 | Jul 3, 2024 |
| Dec 7, 2023 | $1.7369 | Dec 8, 2023 |
| Jul 6, 2023 | $0.1646 | Jul 7, 2023 |