GMO Emerging Country Debt Fund (GMCDX)
The investment seeks total return in excess of that of its benchmark, the J.P. Morgan EMBI Global Diversified. The fund invests primarily in non-local currency denominated debt (“external debt”) of emerging country 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.
Fund Info
US3620072708
Apr 18, 1994
$5,000,000
Expense Ratio
GMCDX has an expense ratio of 0.53%, placing it in the medium range.
Share Price Chart
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Performance
Performance Chart
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Returns By Period
GMO Emerging Country Debt Fund (GMCDX) returned 4.28% year-to-date (YTD) and 11.32% over the past 12 months. Over the past 10 years, GMCDX returned 5.67% annually, underperforming the S&P 500 benchmark at 10.69%.
GMCDX
4.28%
6.18%
3.68%
11.32%
7.50%
5.67%
^GSPC (Benchmark)
-0.64%
8.97%
-2.62%
11.90%
15.76%
10.69%
Monthly Returns
The table below presents the monthly returns of GMCDX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 3.16% | 1.63% | -1.22% | -0.84% | 1.54% | 4.28% | |||||||
| 2024 | 0.11% | 2.16% | 3.28% | -0.67% | 1.50% | 0.51% | 1.77% | 1.95% | 2.45% | -0.91% | 1.21% | -0.63% | 13.39% |
| 2023 | 4.26% | -2.32% | -0.00% | 0.00% | -0.51% | 3.92% | 3.60% | -1.17% | -2.48% | 0.28% | 6.22% | 5.04% | 17.63% |
| 2022 | -3.09% | -6.93% | 1.08% | -5.47% | -0.29% | -7.87% | 2.46% | -0.48% | -6.08% | 0.74% | 8.53% | 0.98% | -16.30% |
| 2021 | -1.29% | -2.15% | -1.25% | 2.97% | 1.42% | 0.76% | -1.14% | 1.27% | -2.21% | -0.12% | -2.53% | 8.59% | 3.90% |
| 2020 | 1.77% | -0.87% | -15.23% | 1.55% | 5.64% | 4.90% | 3.27% | 1.13% | -2.49% | -0.38% | 5.37% | 1.80% | 4.72% |
| 2019 | 5.29% | 0.49% | 0.93% | 0.26% | 0.29% | 2.57% | 1.13% | -0.29% | -0.07% | 0.32% | 0.04% | 2.61% | 14.28% |
| 2018 | 0.52% | -1.92% | 0.24% | -1.39% | -1.56% | -1.80% | 2.31% | -2.57% | 2.12% | -2.59% | -0.45% | 1.19% | -5.89% |
| 2017 | 2.24% | 2.51% | 0.83% | 2.05% | 1.01% | -0.07% | -0.06% | 2.65% | 0.69% | 0.07% | -1.18% | 1.16% | 12.48% |
| 2016 | -1.96% | 2.00% | 4.38% | 3.20% | -0.32% | 4.40% | 5.40% | 2.91% | 1.23% | -1.80% | -4.34% | 1.90% | 17.82% |
| 2015 | -0.21% | 1.93% | 0.00% | 2.42% | -0.72% | -2.18% | 0.11% | -1.41% | -2.09% | 3.92% | 0.65% | -2.35% | -0.13% |
| 2014 | -2.50% | 4.27% | 2.25% | 2.50% | 3.42% | 1.60% | 0.64% | 0.19% | -2.67% | 1.08% | -0.97% | -3.73% | 5.89% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 92, GMCDX is among the top 8% of mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for GMO Emerging Country Debt Fund (GMCDX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
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Dividends
Dividend History
GMO Emerging Country Debt Fund provided a 6.60% dividend yield over the last twelve months, with an annual payout of $1.35 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.35 | $1.35 | $1.90 | $2.39 | $3.56 | $1.94 | $1.79 | $1.97 | $2.05 | $2.92 | $1.95 | $2.58 |
Dividend yield | 6.60% | 6.88% | 10.26% | 13.73% | 15.05% | 7.33% | 6.60% | 7.76% | 7.05% | 10.54% | 7.51% | 9.23% |
Monthly Dividends
The table displays the monthly dividend distributions for GMO Emerging Country Debt Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||||
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.00 | $0.00 | $1.20 | $1.35 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.00 | $0.00 | $1.73 | $1.90 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.50 | $0.00 | $0.00 | $0.00 | $0.00 | $1.89 | $2.39 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.29 | $0.00 | $0.00 | $0.00 | $0.00 | $3.27 | $3.56 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.40 | $0.00 | $0.00 | $0.00 | $0.00 | $1.54 | $1.94 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.40 | $0.00 | $0.00 | $0.00 | $0.00 | $1.39 | $1.79 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.38 | $0.00 | $0.00 | $0.00 | $0.00 | $1.59 | $1.97 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.62 | $0.00 | $0.00 | $0.00 | $0.00 | $1.43 | $2.05 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.41 | $0.00 | $0.00 | $0.00 | $0.00 | $1.50 | $2.92 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.63 | $0.00 | $0.00 | $0.00 | $0.00 | $1.32 | $1.95 |
| 2014 | $1.11 | $0.00 | $0.00 | $0.00 | $0.00 | $1.47 | $2.58 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the GMO Emerging Country Debt Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the GMO Emerging Country Debt Fund was 86.92%, occurring on Sep 7, 1998. Recovery took 1052 trading sessions.
The current GMO Emerging Country Debt Fund drawdown is 0.78%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -86.92% | Dec 23, 1996 | 446 | Sep 7, 1998 | 1052 | Oct 30, 2002 | 1498 |
| -39.66% | May 23, 2007 | 379 | Nov 21, 2008 | 319 | Mar 3, 2010 | 698 |
| -26.01% | Jan 3, 2022 | 203 | Oct 21, 2022 | 335 | Feb 23, 2024 | 538 |
| -20.49% | Feb 24, 2020 | 21 | Mar 23, 2020 | 178 | Dec 3, 2020 | 199 |
| -11.61% | Jul 25, 2014 | 101 | Dec 16, 2014 | 353 | May 12, 2016 | 454 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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