Fund Evaluator:

GMO Emerging Markets Dbt Ttl Ret IV Overview

GMO Emerging Markets Dbt Ttl Ret IV (GMVFX) is an actively managed Taxable Bond Emerging Markets Bond fund. GMO launched the fund in 2026.

The investment seeks positive total return. Under normal circumstances, the fund invests directly and indirectly (e.g., through other GMO Funds or derivatives) at least 80% of its assets in debt investments tied economically to emerging markets (see “Name Policies”). In seeking to achieve the fund’s investment objective, GMO typically invests a portion of the fund’s assets in OTC and exchange-traded derivatives, including options, swap contracts (including interest rate swaps, total return swaps and credit default swaps), forward currency contracts (including forward contracts on currencies of developed markets), and reverse repurchase agreements.

About GMO Emerging Markets Dbt Ttl Ret IV (GMVFX)

There are 1 members of the management team with an average tenure of 0.25 years: Tina Vandersteel (2026). Management tenure is more important for actively managed funds than passive index funds.

GMO Emerging Markets Dbt Ttl Ret IV has securities in its portfolio. The top 10 holdings constitute 0.0% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.

GMO Emerging Markets Dbt Ttl Ret IV is part of the Fixed Income global asset class and is within the Taxable Bond fund group. GMO Emerging Markets Dbt Ttl Ret IV has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0%. There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). GMO Emerging Markets Dbt Ttl Ret IV has 0.0% of the portfolio in cash.

Assets Under Management

The fund has $100 million in total assets, which is below the $325 million average for the Emerging Markets Bond category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

GMVFX Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The GMO Emerging Markets Dbt Ttl Ret IV expense ratio is above average compared to funds in the Emerging Markets Bond category. GMO Emerging Markets Dbt Ttl Ret IV has an expense ratio of 0.65%, which is 36% lower than its category average, making the fund expense ratio grade a A. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. A portfolio turnover rate cannot be currently calculated for GMO Emerging Markets Dbt Ttl Ret IV. By way of comparison, the average portfolio turnover is 83% for the Emerging Markets Bond category.

Recently, in the month of July 2026, GMO Emerging Markets Dbt Ttl Ret IV returned 0.0%, which earned it a grade of NA, as the Emerging Markets Bond category had an average return of -0.9%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.

GMO Emerging Markets Dbt Ttl Ret IV has a trailing yield of 0.00%, which is below the 5.99% category average. The fund normally distributes its income annually and its capital gains annually.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

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