GMDFX Fees and Costs — GMO Emerging Country Debt Fund, Class IV
Data updated: 2026-09-29
The net expense ratio is 0.57%: a 0.45% management fee plus 0.12% other expenses. This share class carries a deferred sales charge of up to 0.75% and a redemption fee of 0.75%. Portfolio turnover was 41%.
GMDFX Fees and Expenses
Annual operating expenses and sales charges of GMDFX. Prospectus, as of February 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.45% |
| 12b-1 fee | — |
| Other expenses | 0.12% |
| Gross expense ratio | 0.57% |
| Fee waiver | — |
| Net expense ratio | 0.57% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | 0.75% |
| Redemption fee | 0.75% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
GMDFX Costs Over Time
On $10,000 invested in GMDFX, assuming 5% a year before costs, total costs come to $360 over 5 years, cutting the return by 0.60% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Sales charges | $78 | $0 | $0 |
| Fund expenses (net expense ratio 0.57%) | $60 | $188 | $327 |
| Lost growth on money paid in costs | $0 | $9 | $33 |
| Total costs | $138 | $197 | $360 |
| Value after costs | $10,362 | $11,379 | $12,403 |
| Impact on return, per year | 1.38% | 0.60% | 0.60% |
GMDFX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending February 28, 2026.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $11.7B
- Portfolio turnover (prospectus): 41%
- Securities lending: none during the year
GMDFX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Nomura Securities International, Inc. | $9.0B | 80.13% |
| State Street Bank and Trust Company | $693.7M | 6.19% |
| Goldman Sachs & Co. LLC | $298.2M | 2.66% |
| Citigroup Global Markets Inc. | $274.8M | 2.45% |
| J.P. Morgan Securities LLC | $240.3M | 2.14% |
| Morgan Stanley & Co. LLC | $230.3M | 2.06% |
| HSBC Securities (USA) Inc. | $141.6M | 1.26% |
| Jefferies LLC | $130.6M | 1.17% |
| BofA Securities, Inc. | $129.0M | 1.15% |
| BNY Capital Markets, LLC | $87.4M | 0.78% |
GMO Emerging Country Debt Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| GMOQX | Class VI | 0.53% | — |
| GMDFX | Class IV | 0.57% | — |
| GMCDX | Class III | 0.62% | — |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.