GMO Emerging Country Debt Fund Class III (GMCDX)

10.31
Net Asset Value
+0.19%
1 Day
+7.28%
Year-to-Date
Overall Morningstar Rating
Emerging markets bond
Style or Category
No Load
Sales Expenses
0.57%
Expense Ratio
Above Average
Morningstar Risk Rating™
Investment Objective The investment seeks total return in excess of that of its benchmark, the J.P. Morgan EMBI Global. The fund invests primarily in debt of emerging countries that is issued by a sovereign or its instrumentalities and that usually is denominated in U.S. dollars, Euros, Japanese yen, Swiss francs or British pounds sterling. Under normal circumstances, it invests directly and indirectly (e.g., through other GMO Funds or derivatives) at least 80% of its assets in debt investments tied economically to emerging countries. It is non-diversified.

Performance

1 month-0.67% 3 years+13.12%
3 months-0.36% 5 years+14.66%
1 year+11.96% Since inception+16.16%
Data through --

Peer Comparisonvs. Emerging markets bond

 GMCDXCategory
Performance 5-yr return+14.66%+9.29%
Expense ratio0.57%1.24%
Risk 5 year sharpe ratio1.620.96
Net assets$3.5B$737.4M
Average market cap--$39.5B
Average P/E--12.3
Portfolio turnover27%27%

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Fund Management and Purchase Info

Fund familyGMO
Fund manager & tenureThomas Cooper / 20 Years
Minimal initial investment$10,000,000.00
Minimum IRA investment--

Holdings

Fixed income90.44%
Cash7.49%
International stock1.53%
U.S. stock0.54%
Other0.00%
Top 5 Sectors
Portfolio weighting
Business service --
Consumer goods --
Consumer service --
Energy --
Financial service --
Top 10 Holdings
Portfolio weighting
-- United Mexican Sts Mtn Be 5.75%5.99%
-- Petroleos De Venezuela Sa 9%4.62%
-- Bolivarian Republic Venezuela 11.95%4.48%
-- Republic Of Argentina Sr Unsecured 12/38 Var3.17%
-- Republic Of Congo Sr Unsecured Regs 06/29 Var2.68%
-- Republic Of Turkey 6.75%2.22%
-- Russian Federation 09/43 5.8752.19%
-- US Treasury TIP 0.125%2.18%
-- La Electricidad De Caracas Sai 8.5%1.97%
-- Hungary Rep 7.625%1.91%

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