Fund Research for GMO Emerging Markets III (GMOEX)

  • Fund Overview

    Fund Inception Date: Dec 09, 1993
    Category: Diversified Emerging Mkts
    Overall Risk: Average
    Fund Family: GMO
    Return Since Inception: 9.62%
    YTD Return: 67.22%
    Yield (TTM): 1.28%
    Net Assets: 825.94 M
    Morningstar Rating:
    4 of 5

    The investment seeks long-term capital appreciation consistent with prudent risk. The fund normally invests at least 80% of assets in equities issued in emerging markets, including those in Asia, Latin America, the Middle East, southern Europe, eastern Europe, and Africa. To determine geographic allocation, the advisor considers the country's outlook for economic growth, currency exchange rates, commodity prices, interest rates, political factors, and the stage of the local market cycle. It may also enter into various derivative transactions for hedging and risk-management purposes. The fund is nondiversified.

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    Size
    Average Market Cap $11,448 M
    Market Capitalization Portfolio
    Giant 34.80%
    Large 39.33%
    Medium 22.38%
    Small 2.79%
    Micro 0.71%
    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 67.22% 88.87% 2.57% 14.78% 14.26% 9.62%
    +/- Category -5.09% -5.42% -1.19% 0.23% 3.35% —
    +/- MSCI EAFE NR USD — — — — 2.04% —

    Standardized Annual Returns

    YTD 1 year 3 year 5 year 10 year Since Inception
    Month (as of 10/31/2009) 55.19% 49.41% 2.07% 14.67% 14.17% 9.57%
    Quarter (as of 09/30/2009) 58.98% 10.49% 4.34% 15.95% 14.86% 9.79%
    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: 12/09/1993
    Ratings are based on risk-adjusted performance.
    View Total Returns

  • Fund Portfolio Profile

    Sector Breakdown

    Stocks
    Information 20.52%
    Service 29.57%
    Manufacturing 45.46%

    Asset Allocation

    Short Long Net Assets
    Cash 0.05% 1.11% 1.06%
    Stocks 0.00% 96.74% 96.74%
    Bonds 0.00% 0.10% 0.10%
    Other 0.00% 0.95% 0.95%
    Foreign Stocks
    (as a % of assets)    		 0.00% 96.72% 96.72%
    Data as of 08/31/2009 Data as of 08/31/2009 View Fund Portfolio

    Top 10 Holdings

    Sector Country Net Assets
    + GAZPROM O A O (OGZPY) Utilities RUS 2.93%
    + Samsung Electronics (005930) Hardware KOR 2.14%
    + Cash & Cash Equivalents — USA 1.81%
    - Taiwan Semiconductor Manufacturing (2330) Hardware TWN 1.81%
    + OIL CO LUKOIL (LUKOY) Energy RUS 1.72%
    + HYUNDAI MOBIS Consumer Goods KOR 1.49%
    - Petroleo Brasileiro SA (Preference) (PETR4) Energy BRA 1.39%
    + Turkiye Garanti Bankasi (GARAN) Financial Services TUR 1.25%
    + China Mobile Ltd. (941) Telecom HKG 1.22%
    + Mediatek Inc. (2454) Hardware TWN 1.12%
    + Increase - Decrease = No change * New since last portfolio
    Top 10 holdings account for the fund's short positions (if any). Net short positions appear shaded.
    Data as of 05/31/2009
    View Fund Portfolio

  • Sales Information

    Sales Charge %

    Initial —
    Deferred —
    Taken from prospectus dated 09/24/2009
    Expense Ratio (based on net assets) 1.10%
    Taken from annual report dated 02/28/2009

  • Fund Management

    Arjun Divecha
    Start Date: 12/09/1993
    Divecha, based in Berkeley, California, is vice chairman of the GMO Board and is responsible for overseeing the team managing the GMO Emerging Markets Strategy, GMO Emerging Countries Strategy and the GMO Emerging Illiquid Strategy. Prior to his affiliation with GMO in 1993, he spent 12 years at BARRA directing software development, marketing, client service and emerging markets research and development.