# GMO Emerging Country Debt Fund (GMDFX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/gmdfx for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: GMO · Asset class: Currency - Strategy: Thematic · Inception: 1998-01-09 The fund invests primarily in debt of emerging country sovereign and quasi-sovereign issuers. Under normal circumstances, it invests directly and indirectly at least 80% of its assets in debt investments tied economically to emerging countries. In seeking to achieve the fund’s investment objective, the fund typically invests a portion of the fund’s assets in over-the-counter (OTC) and exchange-traded derivatives, including options, swap contracts, forward currency contracts and reverse repurchase agreements. ## Key Facts | Metric | Value | |---|---| | Price | $23.78 | | Expense Ratio | 0.57% | | Assets Under Management | $2.08B | | NAV | $23.78 | | Holdings Count | — | | Distribution Yield (TTM) | — | | Annual Distribution (TTM) | — /share | | Distribution Frequency | Semi-Annual | | 52-Week Range | $22.20 – $24.69 | | Beta | 0.88 | ## Latest Distribution - Amount: $1.1074 /share - Ex-date: 2025-12-05 - Pay date: 2025-12-08 ## Frequently Asked Questions ### What does GMDFX invest in? The fund invests primarily in debt of emerging country sovereign and quasi-sovereign issuers. Under normal circumstances, it invests directly and indirectly at least 80% of its assets in debt investments tied economically to emerging countries. In seeking to achieve the fund’s investment objective, the fund typically invests a portion of the fund’s assets in over-the-counter (OTC) and exchange-traded derivatives, including options, swap contracts, forward currency contracts and reverse repurchase agreements. ### What is the expense ratio of GMDFX? GMO Emerging Country Debt Fund (GMDFX) charges an expense ratio of 0.57%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is GMDFX? GMO Emerging Country Debt Fund (GMDFX) manages $2.08B in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation. ### Is GMDFX actively managed or an index fund? GMDFX's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy. ### When was GMDFX launched? GMO Emerging Country Debt Fund (GMDFX) launched in January 1998 and is managed by GMO. ### How has GMDFX performed? GMDFX's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon. ### Does GMDFX pay a dividend? GMO Emerging Country Debt Fund (GMDFX) 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 GMDFX 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 GMDFX's dividend yield? GMDFX's trailing-twelve-month yield is —, calculated from the sum of dividends over the past year divided by the current price. ### When is GMDFX's next ex-dividend date? The most recently announced ex-dividend date for GMDFX 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 GMDFX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.57% 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 GMDFX charge its expense ratio? The expense ratio is deducted in tiny daily slices from GMDFX'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 GMDFX cost more than a fund like VOO? GMDFX's strategy (current expense ratio 0.57%) is different from a broad-market index tracker like VOO, so its fee belongs to a different cohort. The Cost Verdict card above shows you where GMDFX sits within its own category, which is the comparison that actually matters. ### Are there cheaper alternatives to GMDFX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as GMDFX (0.57%) 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/gmdfx - Distribution history: https://www.dividenddata.com/funds/gmdfx/dividend - Holdings & diversification: https://www.dividenddata.com/funds/gmdfx/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/gmdfx/expenses - Peer comparison: https://www.dividenddata.com/funds/gmdfx/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.