MFS Emerging Markets Debt Local Currency Fund (EMLAX)
| Fund Assets | 472.90M |
| Expense Ratio | 1.10% |
| Min. Investment | $1,000 |
| Turnover | 59.00% |
| Dividend (ttm) | 0.24 |
| Dividend Yield | 3.98% |
| Dividend Growth | -15.61% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jul 31, 2025 |
| Previous Close | 5.81 |
| YTD Return | 11.93% |
| 1-Year Return | 6.34% |
| 5-Year Return | 8.47% |
| 52-Week Low | 5.18 |
| 52-Week High | 5.84 |
| Beta (5Y) | n/a |
| Holdings | 307 |
| Inception Date | Sep 15, 2011 |
About EMLAX
MFS Emerging Markets Debt Local Currency Fund Class A is an actively managed mutual fund focused on generating total return with an emphasis on high current income, while also considering capital appreciation. Its primary investment strategy involves allocating at least 80% of its net assets to debt instruments from issuers tied economically to emerging market countries, denominated in local currencies. The fund’s portfolio predominantly features government and government-related bonds, but also includes positions in corporate debt, offering broad exposure across Latin America, Asia, Eastern Europe, Africa, and the Middle East. By investing in local-currency emerging market debt, the fund provides exposure to both interest rate and currency movements in developing economies—potentially enhancing portfolio diversification and yield compared to traditional developed-market fixed income. The fund benchmarks its performance against the JPMorgan Government Bond Index Emerging Markets Global Diversified, reflecting its goal to capture the return potential of sovereign emerging market debt. With a professional management team and a disciplined risk management approach, the fund plays a significant role for investors seeking access to the opportunities and risks inherent in global emerging market fixed income markets.
Performance
EMLAX had a total return of 6.34% in the past year, including dividends. Since the fund's inception, the average annual return has been 0.26%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| FSEDX | Fidelity | Fidelity Series Em Mk Dbt Lcl Ccy | n/a |
Top 10 Holdings
42.28% of assets| Name | Symbol | Weight |
|---|---|---|
| Secretaria Do Tesouro Nacional 10% | BNTNF.10 01.01.27 NTNF | 5.43% |
| USD/MYR NDF 20250711 Purchased | n/a | 5.34% |
| USD/THB FWD 20250718 Purchased | n/a | 5.14% |
| Currency Cash CASH_USD | n/a | 4.95% |
| South Africa (Republic of) 8.88% | SAGB.8.875 02.28.35 2035 | 4.32% |
| Mexico (United Mexican States) 7.75% | MBONO.7.75 11.23.34 M | 4.10% |
| Ministerio de Hacienda y Credito Publico 11% | COLTES.11 08.22.29 B | 3.69% |
| China (People's Republic Of) 2.88% | CGB.2.88 02.25.33 INBK | 3.21% |
| Malaysia (Government Of) 3.58% | MGS.3.582 07.15.32 0122 | 3.07% |
| CZK/USD FWD 20250718 Purchased | n/a | 3.02% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jul 31, 2025 | $0.00497 | Aug 1, 2025 |
| Jun 30, 2025 | $0.005 | Jul 1, 2025 |
| May 30, 2025 | $0.01791 | Jun 2, 2025 |
| Apr 30, 2025 | $0.01994 | May 1, 2025 |
| Mar 31, 2025 | $0.02306 | Apr 1, 2025 |
| Feb 28, 2025 | $0.02507 | Mar 3, 2025 |