GMEFX — GMO Emerging Markets Fund
Data updated: 2026-09-29
GMEFX — GMO Emerging Markets Fund. Emerging Markets Mid Cap Blend / Core Equity · $587.40M AUM. Holdings, fees, performance and SEC filings.
GMEFX Fund Overview
GMEFX — GMO Emerging Markets Fund is a US mutual fund managed by Gmo Trust, categorised as Emerging Markets Mid Cap Blend / Core Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Gmo Trust
- Category: Emerging Markets Mid Cap Blend / Core Equity
- Assets under management: $587.40M
- Ticker: GMEFX
- SEC CIK: 0000772129
- SEC series ID: S000004911
- Share class ID: C000013270
GMEFX Investment Objective and Strategy
GMO Emerging Markets Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Gmo Trust.
Investment objective
Total return.
Principal investment strategy
GMO seeks to achieve the Funds investment objective by investing the Funds assets primarily in companies tied economically to markets that are not treated as developed markets in the MSCI World Index (emerging markets). GMO selects the securities the Fund buys and sells based on its evaluation of companies published financial information, securities prices, equity and other markets, the overall global economy, and governmental policies. In selecting securities for the Fund, GMO uses a combination of proprietary quantitative investment methods to identify emerging market equities GMO believes have positive return potential relative to other emerging markets equities. Some of these methods evaluate individual companies or groups of companies based on (among other factors) the ratio of their security price to historical financial information and forecasted financial information, such as return on invested capital, profitability, cash flow and earnings, and a comparison of these ratios to current and historical averages.
Other methods focus on patterns of information, such as price movement or volatility of an asset class, security, or market, and macroeconomic factors. In constructing the Funds portfolio, GMO also considers position size, sector and industry exposure, country and region exposure, currencies, market capitalization, risk relative to the benchmark, liquidity, and transaction costs. GMO also may consider ESG (environmental, social and governance) criteria. For example, GMO generally avoids investing the Funds 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 thermal coal. At times, the Fund may have substantial exposure to a single asset class, industry, sector, country, region, issuer, or currency and companies with similar market capitalizations.
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, and swap contracts. GMO typically seeks to limit the carbon intensity of the Funds portfolio to no more than that of the MSCI Emerging Markets Index. In addition, the Fund may lend its portfolio securities. Under normal circumstances, the Fund invests directly and indirectly (through underlying funds or derivatives) at least 80% of its assets in emerging markets companies (see Name Policies).
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.
GMEFX Holdings
Top 10 holdings of GMO Emerging Markets Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Taiwan Semiconductor Manufacturing Co Ltd | 13.99% |
| Samsung Electronics Co Ltd | 6.10% |
| Hyundai Mobis Co Ltd | 3.19% |
| United Microelectronics Corp | 3.06% |
| Kia Corp | 2.96% |
| SK hynix Inc | 2.96% |
| LG Electronics Inc | 2.61% |
| PTT Exploration & Production PCL | 2.13% |
| Evergreen Marine Corp Taiwan Ltd | 2.05% |
| Krung Thai Bank PCL | 1.94% |
GMEFX Portfolio Allocation
Asset-class allocation of GMO Emerging Markets Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 98.8% |
| Cash & Equivalents | 0.6% |
GMEFX Performance
Total returns for GMEFX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 39.0% |
| 1 year | 69.8% |
| 3 years (annualised) | 30.9% |
| 5 years (annualised) | 7.4% |
GMEFX Risk Information
Risk metrics for GMEFX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 25.2%
GMEFX Costs and Fees
GMEFX costs about $94 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.94%
- Gross expense ratio: 1.01%
- Portfolio turnover: 110%
- Brokerage commissions: 10.70 bps of average net assets (SEC N-CEN)
GMEFX Cashflows
Over the 12 months to 2026-05, GMO Emerging Markets Fund had net outflows of $66.36M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-05 | −$41.49M |
| 2026-04 | −$3.47M |
| 2026-03 | $6.44M |
| 2026-02 | −$25.16M |
| 2026-01 | $2.98M |
| 2025-12 | $21.00M |
GMEFX Debt Constituents
No individual debt constituents are reported in GMO Emerging Markets Fund's latest SEC N-PORT filing.
GMEFX Prospectus and SEC Filings
Official GMO Emerging Markets Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-09-29
- Prospectus (485BPOS) — filed 2026-06-30
- Prospectus supplement (497) — filed 2026-04-29
- Portfolio holdings (N-PORT) — filed 2026-07-29
- Portfolio holdings (N-PORT) — filed 2026-04-29
- Portfolio holdings (N-PORT) — filed 2026-01-29
- Annual census (N-CEN) — filed 2026-05-13
- Annual census (N-CEN) — filed 2025-05-13
Related Funds
Other Emerging Markets Mid Cap Blend / Core Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.