Overview

The GMO Emerging Country Debt UCITS Fund’s objective is total return in excess of that of its benchmark, the J.P. Morgan Emerging Markets Bond Global Diversified Index (EMBIG-D). The Fund invests primarily in external debt of sovereigns and quasi-sovereigns.

GMO’s Emerging Country Debt team focuses on bottom-up issue selection, seeking to find issues with similar default characteristics but better long-term total return potential than the issues in EMBIG-D. We believe that our approach provides long-term, value-oriented clients with the best chance for total return in this asset class and differentiates us from other emerging debt managers who focus on economic forecasting, market timing, and other macro/top-down approaches.

Facts

Doc Table
Fund Total Assets as of 31/10/2020 $250mm USD
Benchmark J.P. Morgan EMBI Global Diversified

USD Class F

SEDOL BLDGCL6
ISIN IE00BLDGCL61
NAV as of 25/11/2020 24.31

Performance

Quarter-End as of September 30, 2020(USD, %) | Emerging Country Debt UCITS Fund USF

Table Caption
QTD YTD ITD
Emerging Country Debt UCITS Fund 2.79 15.95 15.95
J.P. Morgan EMBI Global Diversified 2.32 16.18 16.18
  • Emerging Country Debt UCITS Fund
  • J.P. Morgan EMBI Global Diversified

Inception Date: April 01, 2020

Returns shown for periods greater than one year are on an annualized basis.

Net of all fees and expenses after reimbursement by the Manager, but not transaction costs, if any. If certain expenses were not reimbursed, performance would be lower.

Performance data quoted represents past performance and is not indicative of future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance data may be lower or higher than the performance data provided herein.

Quarter-End as of September 30, 2020(USD, %) | Emerging Country Debt UCITS Fund USF

Table Caption
QTD YTD ITD
Emerging Country Debt UCITS Fund 2.87 16.12 16.12
J.P. Morgan EMBI Global Diversified 2.32 16.18 16.18
  • Emerging Country Debt UCITS Fund
  • J.P. Morgan EMBI Global Diversified

Inception Date: April 01, 2020

Returns shown for periods greater than one year are on an annualized basis.

Gross of fees, expenses and transaction costs, if any. If these fees, expenses and costs were included, performance would be lower.

Performance data quoted represents past performance and is not indicative of future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance data may be lower or higher than the performance data provided herein.

Month-End as of October 31, 2020(USD, %) | Emerging Country Debt UCITS Fund USF

Table Caption
MTD QTD YTD ITD
Emerging Country Debt UCITS Fund -0.60 -0.60 15.25 15.25
J.P. Morgan EMBI Global Diversified -0.03 -0.03 16.15 16.15
  • Emerging Country Debt UCITS Fund
  • J.P. Morgan EMBI Global Diversified

Inception Date: April 01, 2020

Returns shown for periods greater than one year are on an annualized basis.

Net of all fees and expenses after reimbursement by the Manager, but not transaction costs, if any. If certain expenses were not reimbursed, performance would be lower.

Performance data quoted represents past performance and is not indicative of future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance data may be lower or higher than the performance data provided herein.

Month-End as of October 31, 2020(USD, %) | Emerging Country Debt UCITS Fund USF

Table Caption
MTD QTD YTD ITD
Emerging Country Debt UCITS Fund -0.58 -0.58 15.45 15.45
J.P. Morgan EMBI Global Diversified -0.03 -0.03 16.15 16.15
  • Emerging Country Debt UCITS Fund
  • J.P. Morgan EMBI Global Diversified

Inception Date: April 01, 2020

Returns shown for periods greater than one year are on an annualized basis.

Gross of fees, expenses and transaction costs, if any. If these fees, expenses and costs were included, performance would be lower.

Performance data quoted represents past performance and is not indicative of future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance data may be lower or higher than the performance data provided herein.

Documents

Literature

Fact Sheet Download
Product Primer Download
Prospectus Download
Prospectus - First Supplement Download
Prospectus - Fourth Supplement Download
Prospectus - Second Supplement Download
Prospectus - Singapore Wrapper Oct 2020 Download
Prospectus - Third Supplement Download
Prospectus - UAE Wrapper Dec 2018 Download
Prospectus - Abu Dhabi Global Market Wrapper Dec 2018 Download
Prospectus - DIFC Wrapper Dec 2018 Download
Prospectus - UK Country Supplement Feb 2019 Download
Prospectus - UK Country Supplement Mar 2018 Download
KIIDs - CHF Download
KIIDs - EUR Download
KIIDs - GBP Download
KIIDs - USD Download
Download All Download

Downloads

Performance Download
Portfolio Composition Download
Holdings Download
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Commentary & Attribution

Commentary - Monthly Download
Attribution - Quarterly Download
Attribution - YTD Download
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Risks

Risks associated with investing in the Fund may include: Credit Risk, Market Risk - Fixed Income, Illiquidity Risk, Derivatives and Short Sales Risk, and Counterparty Risk. For a more complete discussion of these risks and others, please consult the Fund's prospectus.

Disclosures

The making available of any document on this website does not constitute a promotion, offer or sale of any securities, financial instruments, or other financial products to the public in or into any jurisdiction where such promotion, offer or sale is prohibited or to any person or class of person to whom such securities or financial instruments may not be lawfully promoted, offered or sold. You should not rely on any document on this website in making any decision to engage in investment activity without seeking further information from GMO to enable GMO to determine whether you may be eligible to receive such further information or purchase or subscribe for any securities or other financial instruments.