GMO Emerging Country Debt IV (GMDFX)

Fund Assets	2.09B
Expense Ratio	0.564%
Min. Investment	$125,000,000
Turnover	41.00%
Dividend (ttm)	1.11
Dividend Yield	4.63%
Dividend Growth	4.35%
Payout Frequency	n/a
Ex-Dividend Date	Dec 5, 2025

Previous Close	23.84
YTD Return	6.05%
1-Year Return	12.22%
5-Year Return	50.49%
52-Week Low	22.20
52-Week High	24.69
Beta (5Y)	0.52
Holdings	317
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.

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

Performance

GMDFX had a total return of 12.22% in the past year, including dividends. Since the fund's inception, the average annual return has been 5.99%.

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%
GMCDX	Class Iii	0.62%

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	$1.1074	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

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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