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 Index Global Diversified (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 value-oriented clients with long-term investment objectives a significantly higher likelihood of outperforming the EMBIG-D than the approaches employed by other emerging debt managers who focus on economic forecasting, market timing, and other macro/top-down approaches.

Facts

Doc Table
Fund Inception Date April 1, 2020
Benchmark J.P. Morgan EMBI Global Diversified
Fund Total Assets as of 30/09/2024 $571mm USD

USD Class F

Inception Date April 1, 2020
SEDOL BLDGCL6
ISIN IE00BLDGCL61
NAV as of 11/10/2024 26.93

Performance

Quarter-End as of September 30, 2024(USD, %) | Emerging Country Debt UCITS Fund USF

Table Caption
QTD YTD 1-Year 3-Year ITD
Emerging Country Debt UCITS Fund 6.23 12.86 25.57 2.59 6.69
J.P. Morgan EMBI Global Diversified 6.15 8.64 18.60 -0.40 4.09
  • 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, 2024(USD, %) | Emerging Country Debt UCITS Fund USF

Table Caption
QTD YTD 1-Year 3-Year ITD
Emerging Country Debt UCITS Fund 6.30 13.08 25.89 2.88 6.99
J.P. Morgan EMBI Global Diversified 6.15 8.64 18.60 -0.40 4.09
  • 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 September 30, 2024(USD, %) | Emerging Country Debt UCITS Fund USF

Table Caption
MTD QTD YTD 1-Year 3-Year ITD
Emerging Country Debt UCITS Fund 1.94 6.23 12.86 25.57 2.59 6.69
J.P. Morgan EMBI Global Diversified 1.85 6.15 8.64 18.60 -0.40 4.09
  • 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 September 30, 2024(USD, %) | Emerging Country Debt UCITS Fund USF

Table Caption
MTD QTD YTD 1-Year 3-Year ITD
Emerging Country Debt UCITS Fund 1.96 6.30 13.08 25.89 2.88 6.99
J.P. Morgan EMBI Global Diversified 1.85 6.15 8.64 18.60 -0.40 4.09
  • 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.

Year Ending December 31 (USD, %) | Emerging Country Debt UCITS Fund USF

Calendar
Emerging Country Debt UCITS Fund J.P. Morgan EMBI Global Diversified
2023 14.82 11.09
2022 -16.13 -17.78
2021 -1.56 -1.80
2020 25.05 22.92
  • 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.

Year Ending December 31 (USD, %) | Emerging Country Debt UCITS Fund USF

Calendar
Emerging Country Debt UCITS Fund J.P. Morgan EMBI Global Diversified
2023 15.10 11.09
2022 -15.85 -17.78
2021 -1.25 -1.80
2020 25.33 22.92
  • 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 - Supplement Download
KIIDs - GBP Download
KIIDs - USD Download
PRIIP - CHF Download
PRIIP - EUR Download
PRIIP - GBP Download
PRIIP - USD Download
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Downloads

Performance Download
Portfolio Composition Download
Holdings Download
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Commentary & Attribution

Commentary Quarterly Download
Attribution - Monthly Download
Attribution - YTD Download
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Investor Information

Annual Report Download
Semiannual Report Download
NAVs and Distributions Download
Fair Value Hierarchy - As of 30/09/23 Download
Fair Value Hierarchy - As of 31/03/24 Download
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Risks

Risks associated with investing in the Fund may include: (1) Credit Risk: The risk that the issuer or guarantor of a fixed income investment or the obligor of an obligation underlying an asset-backed security will be unable or unwilling to satisfy its obligation to pay principal and interest or otherwise to honor its obligations in a timely manner. (2) Market Risk - Fixed Income Investments: The market price of a fixed income investment can decline due to a number of market-related factors, including rising interest rates and widening credit spreads or decreased liquidity stemming from the market's uncertainty about the value of a fixed income investment (or class of fixed income investments). (3) Illiquidity Risk: Low trading volume, lack of a market maker, large position size, or legal restrictions may limit or prevent the Fund from selling particular securities or closing derivative positions at desirable prices. 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.

This product is based overseas and is not subject to the UK sustainable investment labelling and disclosure requirements. Please refer to the UK Financial Conduct Authority webpage for more information: https://www.fca.org.uk/consumers/sustainable-investment-labels-greenwashing