GMDFX: GMO Emerging Country Debt IV

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GMDFX GMO Emerging Country Debt IV


Profile

GMDFX - Profile

Vitals

  • YTD Return -14.8%
  • 3 Yr Annualized Return -7.6%
  • 5 Yr Annualized Return 19.3%
  • Net Assets $4.36 B
  • Holdings in Top 10 21.0%

52 WEEK LOW AND HIGH

$23.07
$22.27
$28.11

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.52%

SALES FEES

  • Front Load 2.00%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 15.00%

TRADING FEES

  • Max Redemption Fee 2.00%

Min Investment

  • Standard (Taxable) $125,000,000
  • IRA N/A

Fund Classification

  • Primary Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style Emerging Markets Bond

Distributions

  • YTD Total Return -14.8%
  • 3 Yr Annualized Total Return -4.9%
  • 5 Yr Annualized Total Return 24.8%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 4.99%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Semi-Annually

Fund Details

  • Legal Name
    GMO Emerging Country Debt Fund
  • Fund Family Name
    GMO
  • Inception Date
    Jan 09, 1998
  • Shares Outstanding
    N/A
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Tina Vandersteel

Fund Description

The fund invests primarily in the external debt ("hard currency debt") of emerging market sovereign and quasi-sovereign issuers. Under normal circumstances, it invests directly and indirectly at least 80% of its assets in debt investments tied economically to emerging countries. It is non-diversified.


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Categories

Performance

GMDFX - Performance

Return Ranking - Trailing

Period GMDFX Return Category Return Low Category Return High Rank in Category (%)
YTD -14.8% -42.8% 16.3% 66.33%
1 Yr -14.9% -50.1% 18.0% 77.76%
3 Yr -7.6%* -29.1% 7.1% 90.12%
5 Yr 19.3%* -20.4% 19.3% 0.39%
10 Yr 9.9%* -10.5% 10.1% 1.33%

* Annualized

Return Ranking - Calendar

Period GMDFX Return Category Return Low Category Return High Rank in Category (%)
2019 7.1% -21.7% 32.8% 46.31%
2018 -12.7% -35.5% 3.9% 89.92%
2017 4.9% -15.9% 20.0% 51.17%
2016 218.9% -11.7% 219.0% 0.37%
2015 -7.1% -29.9% 14.0% 50.30%

Total Return Ranking - Trailing

Period GMDFX Return Category Return Low Category Return High Rank in Category (%)
YTD -14.8% -42.8% 16.3% 66.33%
1 Yr -14.9% -50.1% 18.0% 77.76%
3 Yr -4.9%* -29.1% 7.1% 74.63%
5 Yr 24.8%* -20.4% 24.9% 0.39%
10 Yr 17.7%* -10.5% 17.7% 0.44%

* Annualized

Total Return Ranking - Calendar

Period GMDFX Return Category Return Low Category Return High Rank in Category (%)
2019 7.1% -21.7% 32.8% 46.89%
2018 -11.5% -35.5% 3.9% 85.80%
2017 12.5% -15.9% 21.6% 9.33%
2016 242.1% -10.4% 242.1% 0.18%
2015 -0.1% -29.9% 22.6% 7.50%

NAV & Total Return History


Holdings

GMDFX - Holdings

Concentration Analysis

GMDFX Category Low Category High GMDFX % Rank
Net Assets 4.36 B 884 K 14.8 B 8.81%
Number of Holdings 209 4 4730 48.08%
Net Assets in Top 10 889 M -1.05 B 12 B 12.09%
Weighting of Top 10 21.03% 5.6% 362.0% 64.36%

Top 10 Holdings

  1. United States Treasury Notes 3.39%
  2. United Mexican States, 5.75% Due 2.86%
  3. Petroleos Mexicanos 6.75% 2.39%
  4. United States Treasury Notes 2.25%
  5. United States Treasury Notes 0.13% 1.86%
  6. GMO US Treasury 1.75%
  7. United States Treasury Notes 1.38% 1.70%
  8. Turkey (Republic of) 6% 1.68%
  9. United Mexican States, 5.63% Due 1.62%
  10. United States Treasury Notes 1.13% 1.54%

Asset Allocation

Weighting Return Low Return High GMDFX % Rank
Bonds
97.43% 80.25% 414.44% 31.44%
Other
1.94% -45.70% 49.32% 14.65%
Cash
0.61% -360.21% 88.58% 62.59%
Stocks
0.02% -100.67% 110.51% 43.53%
Preferred Stocks
0.00% 0.00% 11.06% 43.24%
Convertible Bonds
0.00% 0.00% 16.60% 71.27%

Bond Sector Breakdown

Weighting Return Low Return High GMDFX % Rank
Government
83.34% -0.16% 263.38% 11.38%
Corporate
15.26% 0.00% 120.52% 58.75%
Securitized
0.79% 0.00% 89.51% 41.11%
Cash & Equivalents
0.62% -221.24% 51.46% 92.46%
Derivative
0.00% -6.01% 57.90% 65.43%
Municipal
0.00% 0.00% 56.44% 41.54%

Bond Geographic Breakdown

Weighting Return Low Return High GMDFX % Rank
Non US
75.83% -133.95% 337.33% 45.09%
US
21.60% -12.00% 340.86% 60.31%

Expenses

GMDFX - Expenses

Operational Fees

GMDFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.52% 0.01% 38.91% 95.85%
Management Fee 0.45% 0.00% 2.50% 17.12%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.50% N/A

Sales Fees

GMDFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 2.00% 2.00% 5.75% 99.07%
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

GMDFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 2.00% 1.00% 2.00% 10.81%

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.

GMDFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 15.00% 0.00% 479.00% 9.85%

Distributions

GMDFX - Distributions

Dividend Yield Analysis

GMDFX Category Low Category High GMDFX % Rank
Dividend Yield 0.00% 0.00% 4.76% 38.07%

Dividend Distribution Analysis

GMDFX Category Low Category High Category Mod
Dividend Distribution Frequency Semi-Annually Annually Monthly Annually

Net Income Ratio Analysis

GMDFX Category Low Category High GMDFX % Rank
Net Income Ratio 4.99% -2.28% 11.37% 26.32%

Capital Gain Distribution Analysis

GMDFX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

GMDFX - Fund Manager Analysis

Managers

Tina Vandersteel


Start Date

Tenure

Tenure Rank

Oct 01, 2015

4.42

4.4%

Ms. Vandersteel is Head of Emerging Country Debt Team. Ms. Vandersteel has been in this role since October, 2015. Ms. Vandersteel has been responsible for providing research and portfolio management services for this and other emerging debt portfolios at GMO since 2004.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.01 29.27 6.0 10.5