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Mutual Fund Insights: GMO Emerging Country Debt IV Fund (GMDFX)

In-depth Analysis of GMO Emerging Country Debt IV Fund (GMDFX)

Mutual fund chart: GMO Emerging Country Debt IV Fund (GMDFX)

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See GMO Emerging Country Debt IV Fund (GMDFX) performance details as of February 28, 2010

Last Trade: $8.89 on 3/19/2010, Change: +0.03 (0.34%)

Fund Manager - William F Nemerever

Fund Manager Tenure: 15.9 years
Fundmojo Fund Grade: C (Score: 0.58) (What does this score mean?)

Nemerever co-manages GMOâs global fixed income area with Tom Cooper. Prior to joining GMO in 1993, William F Nemerever worked at Boston International Advisors where William F Nemerever founded the quantitative global fixed income effort. Previously, William F Nemerever was in charge of several Fidelity Investments fixed income groups, head of the fixed income department at State Street Bank & Trust Co., a portfolio manager at Wells Fargo, and a portfolio manager, equity analyst and actuary at John Hancock. Get more insights on William F Nemerever

What we like about GMO Emerging Country Debt IV Fund (GMDFX)

Data for GMO Emerging Country Debt IV Fund (GMDFX) as of February 28, 2010

GMO Emerging Country Debt IV Fund (GMDFX) management has been with GMO Emerging Country Debt IV Fund for 15.9 years
GMO Emerging Country Debt IV Fund (GMDFX) has good short-term performance (1-year return 56.10% vs 38.19 % Emerging Markets Bond category average)
GMO Emerging Country Debt IV Fund (GMDFX) has good Long-term performance (5-year return 7.94% vs 7.21 % Emerging Markets Bond category average)
GMO Emerging Country Debt IV Fund (GMDFX) ratio of up-years vs down years is greater than 2
GMO Emerging Country Debt IV Fund (GMDFX) has a Morningstar rating of 4 and above
GMO Emerging Country Debt IV Fund (GMDFX) has an annual stock turnover rate of 38.00% vs Emerging Markets Bond average of 101.41%. It is good that GMO Emerging Country Debt IV management does not trade extensively for its return.
GMO Emerging Country Debt IV Fund (GMDFX) has a lower management fee than its Emerging Markets Bond average: 0.54% vs 1.33%
GMO Emerging Country Debt IV Fund (GMDFX) is a true no-load fund as it has no load and no 12b1 promotion, distributions, marketing expenses

What we are cautious about GMO Emerging Country Debt IV Fund (GMDFX)

Data for GMO Emerging Country Debt IV Fund (GMDFX) as of February 28, 2010

GMO Emerging Country Debt IV Fund (GMDFX) has a less-than-ideal mid-term performance (3-year return 3.33% vs 5.48 % Emerging Markets Bond category average)
GMO Emerging Country Debt IV Fund (GMDFX) is less safe compared to its Emerging Markets Bond peers
GMO Emerging Country Debt IV Fund (GMDFX) does not have a good risk adjusted return as its 3-year Alpha of -6.16 is worse than category average of -4.2, and its 3-year Sharpe ratio is 0.18
GMO Emerging Country Debt IV Fund (GMDFX) is more volatile than its peers as it has a 3-year Standard Deviation of 18.29 that is higher than category average of 15.2

See GMO Emerging Country Debt IV Fund (GMDFX) performance details as of February 28, 2010

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GMO Emerging Country Debt IV Fund (GMDFX) Net Asset

Track net asset change of GMO Emerging Country Debt IV fund (GMDFX)

Date	Net Asset
02/2010	$1.94B
01/2010	$1.45B
11/2009	$1.52B

More historic net asset information on GMO Emerging Country Debt IV Fund (GMDFX)

GMO Emerging Country Debt IV Fund (GMDFX) Portfolio Allocation

Track portfolio allocation change of GMO Emerging Country Debt IV fund (GMDFX)

Date	Cash	Stock	Bond	Other
11/2009	21.72%	0%	71.12%	7.16%
08/2009	7.9%	0.13%	86.07%	5.9%
05/2009	24.72%	0%	71.17%	4.11%

Click here to see more historic asset allocation information on GMO Emerging Country Debt IV Fund (GMDFX)

Most Recent Top 10 Holdings in GMO Emerging Country Debt IV Fund (GMDFX)

Discover what GMO Emerging Country Debt IV Fund (GMDFX) manager is buying

30-Nov-09

Vene Cds [46.02%]
Vene Cds [43.7%]
Brazil Cds [15.88%]
Brazil Cds [15.02%]
Embi+ Tot Ret [13.28%]
Cdx 9 30-100 [9.88%]
Colombia Cds [7.98%]
Turkey Cds [6.73%]
Peru Cds [6.57%]
Arg Par 38 [5.85%]

31-Aug-09

Argentina 2.26% [4.72%]
Ukraine 3.5% [3.26%]
GMO Short Duration Collateral [3.15%]
Natl Pwr 9.625% [3.04%]
U S Treas Bd Stripped Prin Pmt [2.95%]
US Treasury Bond 5.25% [2.83%]
Republica Oriental Del Uruguay 7.63% [2.6%]
Brazil Federative Rep 8.25% [2.57%]
Cap One Auto Tr 2006-C FRN [2.38%]
Bolivarian Republic Venezuela 9% [2.37%]

31-May-09

Vene Cds E-3/20/15 372 (Eu) [25.29%]
Vene Cds E-3/20/15 Rec Fix [23.69%]
Vene Cds E-4/20/15 432 (Eu) [13.51%]
Vene Cds E-4/20/15 Rec Fix [13.1%]
Brazil Cds E-10/20/13 Pay Fix [11.37%]
Brazil Cds E-10/20/13 Rec Fix [10.96%]
Cdx 9 30-100 E-12/20/12 .71 [10%]
Brazil Cds E 6/20/10 Pay Fix [7.35%]
Turkey Cds E 7/20/10 .885 [6.71%]
Arg Pg Tot Ret E-12/19/11 Recv Indx [5.3%]

Click here for Stock Holding Change Map in GMO Emerging Country Debt IV Fund (GMDFX)

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Data is provided for informational purposes only, and is not intended for trading purposes. Although data are gathered from sources believed to be reliable, Fund Mojo and its content providers cannot guarantee completeness and accuracy. Performance data quoted represents past performance. Fund Mojo and its content providers accept no liability for reliance on this data.