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Trending ETFs

GMO Emerging Markets Fund

mutual fund
GEMEX
Payout Change
Pending
Price as of:
$25.57 -0.15 -0.58%
primary theme
Emerging Markets Equity
GEMEX (Mutual Fund)

GMO Emerging Markets Fund

Payout Change
Pending
Price as of:
$25.57 -0.15 -0.58%
primary theme
Emerging Markets Equity
GEMEX (Mutual Fund)

GMO Emerging Markets Fund

Payout Change
Pending
Price as of:
$25.57 -0.15 -0.58%
primary theme
Emerging Markets Equity

Name

As of 05/21/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$25.57

$862 M

7.57%

$1.95

1.12%

Vitals

YTD Return

8.9%

1 yr return

22.1%

3 Yr Avg Return

-6.5%

5 Yr Avg Return

N/A

Net Assets

$862 M

Holdings in Top 10

26.9%

52 WEEK LOW AND HIGH

$25.7
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.12%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 102.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$0

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 05/21/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$25.57

$862 M

7.57%

$1.95

1.12%

GEMEX - Profile

Distributions

  • YTD Total Return 8.9%
  • 3 Yr Annualized Total Return -6.5%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 3.14%
DIVIDENDS
  • Dividend Yield 7.6%
  • Dividend Distribution Frequency SemiAnnual

Fund Details

  • Legal Name
    GMO Emerging Markets Fund
  • Fund Family Name
    GMO Mutual Funds
  • Inception Date
    Jan 14, 2020
  • Shares Outstanding
    N/A
  • Share Class
    I
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Arjun Divecha

Fund Description

GMO seeks to achieve the Fund’s investment objective by investing under normal circumstances at least 80% of the Fund’s net assets directly and indirectly (e.g., through underlying funds or derivatives) in companies tied economically to markets that are not treated as “developed markets in the MSCI World Index (“emerging markets”) (see “Name Policies”). In addition to investing primarily in companies tied economically to emerging markets, the Fund may invest in companies that GMO believes are likely to benefit from growth in emerging markets. GMO expects that the Fund will have a value bias relative to its benchmark.GMO uses proprietary quantitative techniques and fundamental analytical techniques to evaluate and select countries, sectors, and equity investments based on factors including, but not limited to, valuation, quality, patterns of price movement and volatility, and macroeconomic factors. GMO also may consider ESG (environmental, social and governance) criteria. Among other ESG criteria, GMO generally avoids investing the Fund’s assets in companies engaged in the manufacture, supply, or distribution of cluster munitions, as well as companies primarily involved in the mining and production of coal and coal-related products used in the generation of energy. In constructing the Fund’s portfolio, GMO considers a number of factors, including the trade-off among forecasted returns, risk relative to the benchmark, transaction costs, and liquidity. GMO also adjusts the Fund’s portfolio for factors such as position size, market capitalization, and exposure to particular sectors, industries, countries, regions, or currencies. At times, the Fund may have substantial exposure to a single asset class, industry, sector, country, region, issuer, or currency or companies with similar market capitalizations. The Fund may invest in securities of companies of any market capitalization. The Fund may also make investments in shares of GMO Emerging Markets Select Equity Fund. The factors GMO considers and investment methods GMO uses can change over time.As an alternative to investing directly in equities, the Fund may invest in exchange-traded and over-the-counter (OTC) derivatives and exchange-traded funds (ETFs). The Fund also may invest in derivatives and ETFs in an attempt to obtain or adjust elements of its long or short investment exposure. Derivatives used may include options, futures, forward currency contracts, swap contracts, and reverse repurchase agreements. The Fund’s foreign currency exposure may differ from the currency exposure represented by its equity investments. The Fund may overweight and underweight its positions in particular currencies relative to its benchmark, and GMO typically seeks to limit the carbon intensity of the Fund’s portfolio to no more than that of the Fund’s benchmark. In addition, the Fund may lend its portfolio securities.The Fund also may invest in U.S. Treasury Fund, in money market funds unaffiliated with GMO, and directly in the types of investments typically held by money market funds.
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GEMEX - Performance

Return Ranking - Trailing

Period GEMEX Return Category Return Low Category Return High Rank in Category (%)
YTD 8.9% -3.6% 21.1% 36.97%
1 Yr 22.1% -3.6% 37.2% 13.39%
3 Yr -6.5%* -18.9% 11.1% 69.97%
5 Yr N/A* -4.1% 13.4% 95.94%
10 Yr N/A* -2.5% 6.6% 93.76%

* Annualized

Return Ranking - Calendar

Period GEMEX Return Category Return Low Category Return High Rank in Category (%)
2023 8.9% -6.5% 35.5% 48.22%
2022 -36.7% -50.1% -2.4% 95.20%
2021 -2.5% -33.1% 22.5% 35.32%
2020 N/A -22.1% 80.1% N/A
2019 N/A -0.7% 42.0% N/A

Total Return Ranking - Trailing

Period GEMEX Return Category Return Low Category Return High Rank in Category (%)
YTD 8.9% -3.6% 21.1% 36.97%
1 Yr 22.1% -3.6% 37.2% 13.39%
3 Yr -6.5%* -18.9% 11.1% 69.97%
5 Yr N/A* -4.1% 13.4% 95.39%
10 Yr N/A* -2.5% 6.6% 93.74%

* Annualized

Total Return Ranking - Calendar

Period GEMEX Return Category Return Low Category Return High Rank in Category (%)
2023 15.4% -2.7% 42.0% 23.36%
2022 -31.7% -42.2% 1.9% 93.51%
2021 1.9% -32.5% 33.1% 33.23%
2020 N/A -20.0% 81.6% N/A
2019 N/A 2.3% 42.0% N/A

NAV & Total Return History


GEMEX - Holdings

Concentration Analysis

GEMEX Category Low Category High GEMEX % Rank
Net Assets 862 M 930 K 103 B 37.79%
Number of Holdings 338 10 7049 19.37%
Net Assets in Top 10 123 M 353 K 19.2 B 51.30%
Weighting of Top 10 26.92% 2.9% 140.4% 69.40%

Top 10 Holdings

  1. Taiwan Semiconductor Manufacturing Co Ltd 5.33%
  2. Grupo Financiero Banorte SAB de CV 3.10%
  3. OTP Bank Nyrt 3.05%
  4. Oil Natural Gas Corp Ltd 2.48%
  5. Vipshop Holdings Ltd 2.33%
  6. Catcher Technology Co Ltd 2.29%
  7. Anglo American Platinum Ltd 2.12%
  8. China Construction Bank Corp 2.11%
  9. China Feihe Ltd 2.08%
  10. Evergreen Marine Corp Taiwan Ltd 2.03%

Asset Allocation

Weighting Return Low Return High GEMEX % Rank
Stocks
92.42% 0.00% 103.65% 85.13%
Preferred Stocks
5.87% 0.00% 10.09% 4.91%
Cash
1.42% -2.03% 40.36% 55.39%
Other
0.18% -0.39% 50.31% 12.96%
Bonds
0.11% 0.00% 94.30% 10.91%
Convertible Bonds
0.00% 0.00% 7.40% 13.46%

Stock Sector Breakdown

Weighting Return Low Return High GEMEX % Rank
Financial Services
25.13% 0.00% 48.86% 21.13%
Technology
24.96% 0.00% 47.50% 35.64%
Basic Materials
12.78% 0.00% 30.03% 8.15%
Industrials
8.04% 0.00% 43.53% 26.93%
Consumer Cyclical
7.98% 0.00% 48.94% 89.92%
Consumer Defense
6.75% 0.00% 25.90% 37.15%
Communication Services
4.29% 0.00% 39.29% 86.60%
Energy
3.67% 0.00% 24.80% 56.35%
Real Estate
3.05% 0.00% 17.15% 18.09%
Utilities
2.51% 0.00% 39.12% 32.18%
Healthcare
0.83% 0.00% 16.53% 92.82%

Stock Geographic Breakdown

Weighting Return Low Return High GEMEX % Rank
Non US
85.05% 0.00% 100.18% 50.48%
US
7.38% 0.00% 99.51% 61.53%

Bond Sector Breakdown

Weighting Return Low Return High GEMEX % Rank
Corporate
26.50% 0.00% 100.00% 9.19%
Government
20.19% 0.00% 70.66% 5.29%
Cash & Equivalents
0.22% 0.00% 100.00% 70.67%
Derivative
0.18% -0.39% 74.21% 6.14%
Securitized
0.00% 0.00% 23.79% 11.28%
Municipal
0.00% 0.00% 0.32% 11.00%

Bond Geographic Breakdown

Weighting Return Low Return High GEMEX % Rank
US
0.11% 0.00% 57.31% 10.91%
Non US
0.00% 0.00% 78.09% 17.74%

GEMEX - Expenses

Operational Fees

GEMEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.12% 0.03% 29.98% 66.39%
Management Fee 0.87% 0.00% 2.00% 46.99%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.85% N/A

Sales Fees

GEMEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% 94.74%
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

GEMEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% 92.94%

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

GEMEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 102.00% 0.00% 189.00% 87.52%

GEMEX - Distributions

Dividend Yield Analysis

GEMEX Category Low Category High GEMEX % Rank
Dividend Yield 7.57% 0.00% 9.74% 5.05%

Dividend Distribution Analysis

GEMEX Category Low Category High Category Mod
Dividend Distribution Frequency SemiAnnual Annual Quarterly Annual

Net Income Ratio Analysis

GEMEX Category Low Category High GEMEX % Rank
Net Income Ratio 3.14% -1.98% 17.62% 5.67%

Capital Gain Distribution Analysis

GEMEX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Quarterly Annually

Distributions History

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GEMEX - Fund Manager Analysis

Managers

Arjun Divecha


Start Date

Tenure

Tenure Rank

Dec 09, 1993

28.49

28.5%

Mr. Divecha is the head of GMO’s Emerging Markets Equity team and a member of the GMO Board of Directors. Prior to joining GMO in 1993, he spent 12 years at BARRA directing software development, marketing, client service and emerging markets research and development. Mr. Divecha holds a Bachelor of Technology in Aeronautical Engineering from the Indian Institute of Technology, Bombay and an M.B.A. in Finance from Cornell University.

Warren Chiang


Start Date

Tenure

Tenure Rank

Jun 30, 2015

6.92

6.9%

Mr. Chiang is a portfolio manager for GMO’s Emerging Markets Equity team and oversees quantitative research. Prior to joining GMO in 2015, he worked at Mellon Capital Management as a Managing Director of Active Equity Strategies. Previously, he worked at the Federal Reserve Bank of San Francisco as a research associate. Mr. Chiang earned his B.A. in Economics and his MBA from the University of California Berkeley. He is a CFA charterholder.

Amit Bhartia


Start Date

Tenure

Tenure Rank

Sep 01, 2015

6.75

6.8%

Portfolio Manager, Emerging Markets Equity Team, GMO Singapore. Mr. Bhartia has been responsible for providing portfolio management and research services to this and GMO’s other emerging markets equity portfolios since 1995a nd has overseen the portfolio management of GMO’s emerging domestic opportunity equity portfolios since 2011.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.09 33.71 6.52 13.42