GMO Emerging Country Debt Fund (GMDFX)
| Fund Assets | 2.27B |
| Expense Ratio | 0.57% |
| Min. Investment | $125,000,000 |
| Turnover | 41.00% |
| Dividend (ttm) | 1.11 |
| Dividend Yield | 4.50% |
| Dividend Growth | 4.35% |
| Payout Frequency | Semi-Annual |
| Ex-Dividend Date | Dec 5, 2025 |
| Previous Close | 24.56 |
| YTD Return | 9.25% |
| 1-Year Return | 22.76% |
| 5-Year Return | 54.01% |
| 52-Week Low | 20.85 |
| 52-Week High | 24.66 |
| Beta (5Y) | 0.51 |
| Holdings | 312 |
| 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 22.76% in the past year, including dividends. Since the fund's inception, the average annual return has been 6.16%.
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 | $1.1074 | 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 |