MFS Emerging Markets Debt Local Currency Fund Class A (EMLAX)

NASDAQ · Mutual Fund · Delayed Price · Currency is USD
5.75
+0.04 (0.70%)
Aug 4, 2025, 4:00 PM EDT
0.70%
Fund Assets468.63M
Expense Ratio1.10%
Min. Investment$1,000
Turnover59.00%
Dividend (ttm)0.24
Dividend Yield4.08%
Dividend Growth-15.61%
Payout FrequencyMonthly
Ex-Dividend DateJul 31, 2025
Previous Close5.71
YTD Return10.96%
1-Year Return8.51%
5-Year Return6.86%
52-Week Low5.18
52-Week High5.81
Beta (5Y)n/a
Holdings277
Inception DateSep 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.

Fund Family MFS
Category Emerging-Markets Local-Currency Bond
Stock Exchange NASDAQ
Ticker Symbol EMLAX
Share Class A
Index Index is not available on Lipper Database

Performance

EMLAX had a total return of 8.51% in the past year, including dividends. Since the fund's inception, the average annual return has been 0.19%.

Equivalent Funds

These are funds that follow the same index from the other major fund companies.

SymbolProviderNameExpense Ratio
FSEDXFidelityFidelity Series Em Mk Dbt Lcl Ccyn/a

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

SymbolShare ClassExpense Ratio
EMLNXR60.78%
EMLIXI0.85%
EMLMXR40.85%
EMLLXR31.10%

Top 10 Holdings

44.31% of assets
NameSymbolWeight
Secretaria Do Tesouro Nacional 10%BNTNF.10 01.01.27 NTNF7.21%
Currency Cash CASH_USDn/a5.93%
USD/MYR NDF 20250711 Purchasedn/a5.25%
USD/THB FWD 20250718 Purchasedn/a5.19%
Mexico (United Mexican States) 7.75%MBONO.7.75 11.23.34 M4.19%
South Africa (Republic of) 8.88%SAGB.8.875 02.28.35 20353.94%
China (People's Republic Of) 2.88%CGB.2.88 02.25.33 INBK3.29%
Ministerio de Hacienda y Credito Publico 11%COLTES.11 08.22.29 B3.13%
Malaysia (Government Of) 3.58%MGS.3.582 07.15.32 01223.12%
India (Republic of) 7.18%IGB.7.18 07.24.373.06%
View More Holdings

Dividend History

Ex-DividendAmountPay Date
Jul 31, 2025$0.00497Aug 1, 2025
Jun 30, 2025$0.005Jul 1, 2025
May 30, 2025$0.01791Jun 2, 2025
Apr 30, 2025$0.01994May 1, 2025
Mar 31, 2025$0.02306Apr 1, 2025
Feb 28, 2025$0.02507Mar 3, 2025
Full Dividend History