Fund Research for GMO Emerging Country Debt III (GMCDX)

  • Fund Overview

    Fund Inception Date: Apr 19, 1994
    Category: Emerging Markets Bond
    Overall Risk: High
    Fund Family: GMO
    Return Since Inception: 16.59%
    YTD Return: 50.44%
    Yield (TTM): 9.75%
    Net Assets: 670.25 M
    Morningstar Rating:
    3 of 5
    The investment seeks total return. The fund invests primarily in sovereign debt of emerging countries. It may invest a portion of assets in debt investments issued by companies tied economically to emerging countries and other foreign fixed income securities, including asset-backed securities issued by foreign governments and private issuers. Under normal circumstances, the fund invests at least 80% of assets in debt investments tied economically to emerging countries. It is nondiversified.

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    Details
    Average Eff Duration 6 Yrs
    Average Eff Maturity —
    Average Credit Quality BB
    Morningstar Rating as of 10/31/2009
    YTD Returns as of 11/25/2009    		 Style Box Detail calculations do not include the fund's short positions (if any)

  • Fund Performance

    10 year Growth Chart
    Growth of $10,000 from 12/31/1998 to 10/31/2009
    Mouseover the chart to see values for each month.

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    Total Annualized Returns

    YTD 1 year 3 year 5 year 10 year Since Inception
    Fund 50.44% 52.49% 4.00% 8.37% 15.81% 16.59%
    +/- Category 17.16% 8.85% -2.01% 0.60% 4.14% —
    +/- Barclays US Aggregate Bond TR USD — — — — 6.31% —

    Standardized Annual Returns

    YTD 1 year 3 year 5 year 10 year Since Inception
    Month (as of 10/31/2009) 44.22% 46.19% 2.82% 7.97% 15.57% 16.44%
    Quarter (as of 09/30/2009) 41.02% 8.03% 2.77% 8.00% 16.05% 16.37%
    Fund and Category YTD, 1yr, 3yr and 5yr Returns as of 11/25/2009
    Index YTD,1yr, 3ys and 5yr Returns as of 11/25/2009 10 yr and Since Inception Returns as of 10/31/2009
    Inception Date: 04/19/1994
    Ratings are based on risk-adjusted performance.
    View Total Returns

  • Fund Portfolio Profile

    Sector Breakdown

    Stocks
    US Government —
    Mortgage —
    Credit —
    Foreign —
    Cash —
    Bond Quality
    AAA 0.00%
    AA 0.18%
    A 1.89%
    BBB 42.40%
    BB 33.63%
    B 11.90%
    Below B 5.00%
    Not Rated 5.00%

    Asset Allocation

    Short Long Net Assets
    Cash 11.14% 8.78% -2.35%
    Stocks 0.00% 0.14% 0.14%
    Bonds 0.04% 95.69% 95.65%
    Other 0.00% 0.00% 0.00%
    Foreign Stocks
    (as a % of assets)    		 0.00% 0.14% 0.14%
    Data as of 09/30/2009 Data as of 08/31/2009 View Fund Portfolio

    Top 10 Holdings

    Maturity Date Total Holdings Value of Holdings Net Assets
    * Fed Fund 30day 39994 — 2,200.00 -915.04 M 44.32%
    * Contra Derivatives — — 856.95 M 41.51%
    * Vene Cds E-3/20/15 372 (Eu) — 575.5 M -522.15 M 25.29%
    * Vene Cds E-3/20/15 Rec Fix — 765 M 489.19 M 23.69%
    * Sell Eur Vs Usd Payable 30jun09 Bar — 258 M -365.1 M 17.68%
    * Buy Usd Vs Eur Receiv. 30jun09 Bar — 345.46 M 345.46 M 16.73%
    * Vene Cds E-4/20/15 432 (Eu) — 300 M -279 M 13.51%
    * Vene Cds E-4/20/15 Rec Fix — 412.5 M 270.39 M 13.10%
    * Brazil Cds E-10/20/13 Pay Fix — 20.88 B -234.75 M 11.37%
    * Brazil Cds E-10/20/13 Rec Fix — 210 M 226.32 M 10.96%
    + Increase - Decrease = No change * New since last portfolio
    Data as of 05/31/2009
    Top 10 holdings account for the fund's short positions (if any). Net short positions appear shaded.
    View Fund Portfolio

  • Sales Information

    Sales Charge %

    Initial —
    Deferred —
    Taken from prospectus dated 09/24/2009
    Expense Ratio (based on net assets) 0.59%
    Taken from annual report dated 02/28/2009

  • Fund Management