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
| ISIN | US3620072708 |
|---|---|
| Issuer | GMO |
| Inception Date | Apr 18, 1994 |
| Category | Emerging Markets Bonds |
| Min. Investment | $5,000,000 |
| Asset Class | Bond |
Expense Ratio
GMCDX features an expense ratio of 0.53%, falling within the medium range.
Share Price Chart
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Popular comparisons: GMCDX vs. PEBIX
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in GMO Emerging Country Debt Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
GMO Emerging Country Debt Fund had a return of 12.31% year-to-date (YTD) and 22.08% in the last 12 months. Over the past 10 years, GMO Emerging Country Debt Fund had an annualized return of 5.34%, while the S&P 500 had an annualized return of 11.33%, indicating that GMO Emerging Country Debt Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 12.31% | 24.30% |
| 1 month | -1.20% | 4.09% |
| 6 months | 5.78% | 14.29% |
| 1 year | 22.08% | 35.42% |
| 5 years (annualized) | 5.43% | 13.95% |
| 10 years (annualized) | 5.34% | 11.33% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.11% | 2.16% | 3.28% | -0.67% | 1.50% | 0.51% | 1.77% | 1.90% | 2.50% | -0.91% | 12.31% | ||
| 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% | 2.45% | -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% | 0.49% | 1.27% | -2.21% | -0.12% | -2.53% | 9.56% | 6.56% |
| 2020 | 1.77% | -0.87% | -15.23% | 1.55% | 5.64% | 4.90% | 4.54% | 1.13% | -2.49% | -0.38% | 5.37% | 2.99% | 7.25% |
| 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% | 12.49% |
| 2016 | -1.96% | 2.00% | 4.38% | 3.20% | -0.32% | 4.40% | 1.97% | 2.90% | 1.23% | -1.80% | -4.34% | 1.90% | 13.99% |
| 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% | 1.61% | 0.64% | 0.19% | -2.67% | 1.08% | -0.97% | -3.73% | 5.90% |
| 2013 | 0.19% | -0.00% | -0.29% | 2.91% | -2.92% | -5.24% | 1.56% | -2.04% | 3.02% | 2.94% | -2.07% | 1.12% | -1.19% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of GMCDX is 91, placing it in the top 9% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
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.
Dividends
Dividend History
GMO Emerging Country Debt Fund provided a 9.11% dividend yield over the last twelve months, with an annual payout of $1.88 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.88 | $1.90 | $2.39 | $4.20 | $2.55 | $1.79 | $1.97 | $2.05 | $1.97 | $1.95 | $2.58 | $1.74 |
Dividend yield | 9.11% | 10.26% | 13.73% | 17.75% | 9.66% | 6.60% | 7.76% | 7.06% | 7.13% | 7.51% | 9.23% | 6.05% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.00 | $0.00 | $0.15 | |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.16 | $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 | $0.72 | $0.00 | $0.00 | $0.00 | $0.00 | $3.48 | $4.20 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.71 | $0.00 | $0.00 | $0.00 | $0.00 | $1.84 | $2.55 |
| 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 | $0.47 | $0.00 | $0.00 | $0.00 | $0.00 | $1.50 | $1.97 |
| 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 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.11 | $0.00 | $0.00 | $0.00 | $0.00 | $1.47 | $2.58 |
| 2013 | $0.36 | $0.00 | $0.00 | $0.00 | $0.00 | $1.38 | $1.74 |
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.
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 1063 trading sessions.
The current GMO Emerging Country Debt Fund drawdown is 1.58%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -86.92% | Dec 23, 1996 | 446 | Sep 7, 1998 | 1063 | Nov 15, 2002 | 1509 |
| -37.53% | Jan 15, 2008 | 217 | Nov 21, 2008 | 279 | Jan 4, 2010 | 496 |
| -26.02% | Jan 3, 2022 | 203 | Oct 21, 2022 | 335 | Feb 23, 2024 | 538 |
| -20.49% | Feb 24, 2020 | 21 | Mar 23, 2020 | 114 | Sep 2, 2020 | 135 |
| -11.61% | Jul 25, 2014 | 101 | Dec 16, 2014 | 353 | May 12, 2016 | 454 |
Volatility
Volatility Chart
The current GMO Emerging Country Debt Fund volatility is 1.19%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.