# GMO Emerging Country Debt Fund (GMCDX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/gmcdx for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: GMO · Asset class: Bond - Strategy: Actively Managed · Inception: 1994-04-19 The fund's main strategy involves investing in external debt, which refers to obligations denominated in foreign currencies, issued by sovereign entities and state-backed organizations in emerging economies. Typically, at least 80% of its total assets are allocated, through direct holdings or indirect exposure, to debt securities economically connected to developing nations. ## Key Facts | Metric | Value | |---|---| | Price | $23.84 | | Expense Ratio | 0.62% | | AUM (All Share Classes) | $2.09B | | NAV | $23.84 | | Holdings Count | — | | Distribution Yield (TTM) | — | | Annual Distribution (TTM) | — /share | | Distribution Frequency | Semi-Annual | | 52-Week Range | $22.26 – $24.74 | | Beta | 0.89 | ## Latest Distribution - Amount: $1.1000 /share - Ex-date: 2025-12-05 - Pay date: 2025-12-08 ## Frequently Asked Questions ### What does GMCDX invest in? The fund's main strategy involves investing in external debt, which refers to obligations denominated in foreign currencies, issued by sovereign entities and state-backed organizations in emerging economies. Typically, at least 80% of its total assets are allocated, through direct holdings or indirect exposure, to debt securities economically connected to developing nations. ### What is the expense ratio of GMCDX? GMO Emerging Country Debt Fund (GMCDX) charges an expense ratio of 0.62%. This is the annual fee deducted from fund assets to cover management and operations. ### What is the duration of GMCDX? Effective duration measures GMCDX's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. GMCDX's current duration is published on the fund's factsheet on the issuer's website. ### What is the credit quality of GMCDX? GMCDX's credit quality breakdown (the share of holdings rated AAA through CCC and below) is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds. ### What is the yield to maturity of GMCDX? Yield to maturity (YTM) is the total return you'd earn from GMCDX if every bond in the portfolio is held to maturity at the current price. GMCDX's YTM is published on the fund's factsheet on the issuer's website. It differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid. ### How big is GMCDX? GMO Emerging Country Debt Fund (GMCDX) is one share class of a fund that manages $2.09B across all of its share classes (GMDFX reports the same total). Our data does not carry the assets of this share class alone. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation. ### Does GMCDX pay a dividend? GMO Emerging Country Debt Fund (GMCDX) currently distributes little or no income. Trailing-twelve-month yield is —. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does GMCDX pay dividends? GMO Emerging Country Debt Fund pays dividends Semi-Annual. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is GMCDX's dividend yield? GMCDX's trailing-twelve-month yield is —, calculated from the sum of dividends over the past year divided by the current price. ### When is GMCDX's next ex-dividend date? The most recently announced ex-dividend date for GMCDX was 2025-12-05. The next ex-date typically follows Semi-Annual; once announced it appears at the top of the dividend history table on this page. ### How much will GMCDX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.62% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does GMCDX charge its expense ratio? The expense ratio is deducted in tiny daily slices from GMCDX's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does GMCDX cost more than a fund like VOO? GMCDX is actively managed (current expense ratio 0.62%). Active funds charge more than passive index trackers in exchange for the manager's discretion to over- or under-weight positions. The Cost Verdict card above tells you whether GMCDX's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to GMCDX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as GMCDX (0.62%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/gmcdx - Distribution history: https://www.dividenddata.com/funds/gmcdx/dividend - Holdings & diversification: https://www.dividenddata.com/funds/gmcdx/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/gmcdx/expenses - Peer comparison: https://www.dividenddata.com/funds/gmcdx/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.