MFS Emerging Markets Debt Local Currency Fund Class A (EMLAX)
| Fund Assets | 487.86M |
| Expense Ratio | 1.10% |
| Min. Investment | $1,000 |
| Turnover | 59.00% |
| Dividend (ttm) | 0.20 |
| Dividend Yield | 3.10% |
| Dividend Growth | -32.78% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Dec 31, 2025 |
| Previous Close | 6.29 |
| YTD Return | 0.16% |
| 1-Year Return | 19.28% |
| 5-Year Return | 6.62% |
| 52-Week Low | 5.23 |
| 52-Week High | 6.32 |
| Beta (5Y) | n/a |
| Holdings | 264 |
| 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 19.28% in the past year, including dividends. Since the fund's inception, the average annual return has been 5.26%.
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
44.42% of assets| Name | Symbol | Weight |
|---|---|---|
| Currency Cash CASH_USD | n/a | 8.26% |
| USD/MYR NDF 20260115 Purchased | n/a | 6.67% |
| USD/THB FWD 20260116 Purchased | n/a | 4.34% |
| USD/CNH FWD 20260116 Purchased | n/a | 3.88% |
| Mexico (United Mexican States) 7.75% | MBONO.7.75 11.23.34 M | 3.77% |
| PLN/USD FWD 20260116 Purchased | n/a | 3.74% |
| Ministerio de Hacienda y Credito Publico 11% | COLTES.11 08.22.29 B | 3.63% |
| BRL NDZC JAN 04 27 R 13.31 JAN 02 31 Receive | n/a | 3.52% |
| USD/INR NDF 20260130 Purchased | n/a | 3.45% |
| Malaysia (Government Of) 3.58% | MGS.3.582 07.15.32 0122 | 3.18% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 31, 2025 | $0.03975 | Dec 31, 2025 |
| Nov 28, 2025 | $0.01531 | Dec 1, 2025 |
| Oct 31, 2025 | $0.01049 | Nov 3, 2025 |
| Sep 30, 2025 | $0.00509 | Oct 1, 2025 |
| Aug 29, 2025 | $0.00493 | Sep 2, 2025 |
| Jul 31, 2025 | $0.00497 | Aug 1, 2025 |