GMO Emerging Markets IV
Name
As ofPrice
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
N/A
1 yr return
N/A
3 Yr Avg Return
1.2%
5 Yr Avg Return
25.0%
Net Assets
$3.51 B
Holdings in Top 10
N/A
52 WEEK LOW AND HIGH
N/A
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.98%
SALES FEES
Front Load 0.40%
Deferred Load N/A
TRADING FEES
Turnover 87.00%
Redemption Fee 0.40%
Min Investment
Standard (Taxable)
$250,000,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As ofPrice
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
GMEFX - Profile
Distributions
- YTD Total Return N/A
- 3 Yr Annualized Total Return 3.2%
- 5 Yr Annualized Total Return 27.9%
- Capital Gain Distribution Frequency None
- Net Income Ratio 2.50%
- Dividend Yield 0.0%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameGMO Emerging Markets Fund
-
Fund Family NameGMO
-
Inception DateJan 09, 1998
-
Shares OutstandingN/A
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerArjun Divecha
Fund Description
GMO seeks to achieve the Fund’s investment objective by investing under normal circumstances at least 80% of the Fund’s net assets directly and indirectly (e.g., through underlying funds or derivatives) in companies tied economically to markets that are not treated as “developed markets in the MSCI World Index (“emerging markets”) (see “Name Policies”). In addition to investing primarily in companies tied economically to emerging markets, the Fund may invest in companies that GMO believes are likely to benefit from growth in emerging markets. GMO expects that the Fund will have a value bias relative to its benchmark.
GMO uses proprietary quantitative techniques and fundamental analytical techniques to evaluate and select countries, sectors, and equity investments based on factors including, but not limited to, valuation, quality, patterns of price movement and volatility, and macroeconomic factors. GMO may also consider ESG (environmental, social and governance) criteria. In constructing the Fund’s portfolio, GMO considers a number of factors, including the trade-off among forecasted returns, risk relative to the benchmark, transaction costs, and liquidity. GMO also adjusts the Fund’s portfolio for factors such as position size, market capitalization, and exposure to particular sectors, industries, countries, regions, or currencies. At times, the Fund may have substantial exposure to a single asset class, industry, sector, country, region, issuer, or currency or companies with similar market capitalizations. The Fund may invest in securities of companies of any market capitalization. The factors GMO considers and investment methods GMO uses can change over time.
As an alternative to investing directly in equities, the Fund may invest in exchange-traded and over-the-counter (OTC) derivatives and exchange-traded funds (ETFs). The Fund also may invest in derivatives and ETFs in an attempt to obtain or adjust elements of its long or short investment exposure and as a substitute for securities lending. Derivatives used may include options, futures, forward currency contracts, swap contracts, and reverse repurchase agreements. The Fund’s foreign currency exposure may differ from the currency exposure represented by its equity investments. The Fund may overweight and underweight its positions in particular currencies relative to its benchmark, and GMO typically seeks to limit the carbon footprint of the Fund’s portfolio to no more than that of the Fund’s benchmark. In addition, the Fund may lend its portfolio securities.
The Fund also may invest in U.S. Treasury Fund, in money market funds unaffiliated with GMO, and directly in the types of investments typically held by money market funds.
GMEFX - Performance
Return Ranking - Trailing
| Period | GMEFX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | N/A | -33.5% | 395.9% | 32.02% |
| 1 Yr | N/A | -48.2% | 436.0% | 57.12% |
| 3 Yr | 1.2%* | -21.3% | 69.2% | 36.43% |
| 5 Yr | 25.0%* | -13.6% | 31.2% | 0.98% |
| 10 Yr | 10.3%* | -12.4% | 10.3% | 0.58% |
* Annualized
Return Ranking - Calendar
| Period | GMEFX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 10.7% | -19.9% | 42.0% | 83.99% |
| 2022 | -15.7% | -41.9% | 1.7% | 18.79% |
| 2021 | 28.6% | 0.0% | 49.7% | 68.93% |
| 2020 | 241.0% | -9.2% | 241.4% | 1.17% |
| 2019 | -18.9% | -33.4% | -1.5% | 82.06% |
Total Return Ranking - Trailing
| Period | GMEFX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | N/A | -33.5% | 395.9% | 32.02% |
| 1 Yr | N/A | -48.2% | 436.0% | 57.12% |
| 3 Yr | 3.2%* | -21.3% | 69.2% | 24.42% |
| 5 Yr | 27.9%* | -11.9% | 34.3% | 0.98% |
| 10 Yr | 14.4%* | -12.4% | 14.4% | 0.58% |
* Annualized
Total Return Ranking - Calendar
| Period | GMEFX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 10.7% | -19.9% | 42.0% | 83.99% |
| 2022 | -12.8% | -41.9% | 1.7% | 9.30% |
| 2021 | 32.1% | 0.0% | 50.4% | 65.43% |
| 2020 | 249.1% | -9.2% | 249.7% | 0.70% |
| 2019 | -16.0% | -33.4% | -1.5% | 69.66% |
GMEFX - Holdings
Concentration Analysis
| GMEFX | Category Low | Category High | GMEFX % Rank | |
|---|---|---|---|---|
| Net Assets | 3.51 B | 202 K | 87.9 B | 14.59% |
| Number of Holdings | N/A | 2 | 4651 | 8.91% |
| Net Assets in Top 10 | N/A | 5 | 23.5 B | 24.43% |
| Weighting of Top 10 | N/A | 3.7% | 100.0% | 88.55% |
Top 10 Holdings
- China Construction Bank Corp H 3.55%
- Industrial And Commercial Bank Of China Ltd 2.10%
- PJSC Lukoil ADR 2.06%
- Gazprom PJSC ADR 1.99%
- Taiwan Semiconductor Manufacturing Co Ltd ADR 1.82%
- Sberbank of Russia PJSC ADR 1.66%
- NOVATEK PJSC GDR 1.62%
- Tencent Holdings Ltd 1.50%
- Samsung Electronics Co 1.50%
- Taiwan Semiconductor Manufacturing Co Ltd 1.43%
Asset Allocation
| Weighting | Return Low | Return High | GMEFX % Rank | |
|---|---|---|---|---|
| Stocks | 94.48% | 0.00% | 101.91% | 81.64% |
| Bonds | 0.25% | -0.07% | 17.76% | 10.66% |
| Preferred Stocks | 0.00% | 0.00% | 5.26% | 6.23% |
| Other | 0.00% | -6.56% | 11.95% | 3.82% |
| Convertible Bonds | 0.00% | 0.00% | 0.36% | 1.40% |
| Cash | 0.00% | -8.91% | 100.00% | 83.97% |
GMEFX - Expenses
Operational Fees
| GMEFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.98% | 0.04% | 59.58% | 88.16% |
| Management Fee | 0.75% | 0.00% | 2.00% | 17.35% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.01% | 1.25% | N/A |
Sales Fees
| GMEFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | 0.40% | 0.20% | 5.75% | 94.90% |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| GMEFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | 0.40% | 0.25% | 2.00% | 95.15% |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| GMEFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 87.00% | 0.00% | 207.48% | 82.39% |
GMEFX - Distributions
Dividend Yield Analysis
| GMEFX | Category Low | Category High | GMEFX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 5.04% | 18.82% |
Dividend Distribution Analysis
| GMEFX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | None | Annually | Annually | Annually |
Net Income Ratio Analysis
| GMEFX | Category Low | Category High | GMEFX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 2.50% | -1.40% | 6.05% | 15.38% |
Capital Gain Distribution Analysis
| GMEFX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | None | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 21, 2018 | $0.948 | |
| Jul 10, 2018 | $0.037 | |
| Dec 22, 2017 | $0.782 | |
| Jul 10, 2017 | $0.135 | |
| Dec 23, 2016 | $0.603 | |
| Jul 08, 2016 | $0.011 | |
| Dec 24, 2015 | $0.253 | |
| Jul 09, 2015 | $0.026 | |
| Dec 24, 2014 | $0.332 | |
| Dec 24, 2013 | $0.264 | |
| Oct 09, 2013 | $0.017 | |
| Dec 24, 2012 | $0.220 | |
| Oct 23, 2012 | $0.027 | |
| Dec 20, 2011 | $0.222 | |
| Oct 06, 2011 | $0.003 | |
| Dec 20, 2010 | $0.177 | |
| Oct 06, 2010 | $0.003 | |
| Dec 21, 2009 | $0.185 | |
| Jul 16, 2009 | $0.024 | |
| Dec 24, 2008 | $0.135 | |
| Dec 27, 2007 | $0.251 | |
| Jul 11, 2007 | $0.080 | |
| Dec 27, 2006 | $0.432 | |
| Jul 11, 2006 | $0.116 | |
| Dec 28, 2005 | $0.272 | |
| Jul 06, 2005 | $0.162 | |
| Dec 28, 2004 | $0.254 | |
| Jul 12, 2004 | $0.072 | |
| Dec 24, 2003 | $0.186 | |
| Jul 11, 2003 | $0.051 | |
| Dec 27, 2002 | $0.035 | |
| Jul 09, 2002 | $0.088 | |
| Dec 27, 2001 | $0.081 |
GMEFX - Fund Manager Analysis
Managers
Arjun Divecha
Start Date
Tenure
Tenure Rank
Dec 09, 1993
25.16
25.2%
Mr. Divecha, Head of Emerging Markets Equity Team, was Vice Chairman of the GMO Board and is responsible for overseeing the team managing the GMO Emerging Markets Strategy, GMO Emerging Countries Strategy and the GMO Emerging Illiquid Strategy. Prior to his affiliation with GMO in 1993, he spent 12 years at BARRA directing software development, marketing, client service and emerging markets research and development. Mr. Divecha holds a Bachelor of Technology in Aeronautical Engineering from the Indian Institute of Technology, Bombay and an M.B.A. in Finance from Cornell University.
Warren Chiang
Start Date
Tenure
Tenure Rank
Jun 30, 2015
3.59
3.6%
Mr. Chiang has been responsible for overseeing the portfolio management of these emerging markets equity portfolios since 2015. Previously, Mr. Chiang was Managing Director, Head of Active Equity Strategies at Mellon Capital Management. Prior to joining Mellon Capital, was a research associate for Pacific Basin Studies at the Federal Reserve in San Francisco.
Amit Bhartia
Start Date
Tenure
Tenure Rank
Sep 01, 2015
3.42
3.4%
Portfolio Manager, Emerging Markets Equity Team, GMO Singapore. Mr. Bhartia has been responsible for providing portfolio management and research services to this and GMO’s other emerging markets equity portfolios since 1995.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.13 | 26.75 | 6.22 | 0.75 |