MFS Emerging Markets Debt Local Currency Fund Class A (EMLAX)
| Fund Assets | 564.81M |
| Expense Ratio | 1.11% |
| Min. Investment | $1,000 |
| Turnover | 82.00% |
| Dividend (ttm) | 0.20 |
| Dividend Yield | 3.27% |
| Dividend Growth | -22.15% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jun 30, 2026 |
| Previous Close | 5.99 |
| YTD Return | 1.75% |
| 1-Year Return | 6.86% |
| 5-Year Return | 11.38% |
| 52-Week Low | 5.69 |
| 52-Week High | 6.22 |
| Beta (5Y) | 0.49 |
| Holdings | 267 |
| 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 6.86% in the past year, including dividends. Since the fund's inception, the average annual return has been 0.78%.
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
52.20% of assets| Name | Symbol | Weight |
|---|---|---|
| Currency Cash CASH_USD | n/a | 10.74% |
| Cash Offset | n/a | 6.53% |
| USD/CNH FWD 20260717 Purchased | n/a | 6.24% |
| USD/THB FWD 20260717 Purchased | n/a | 5.40% |
| USD/MYR NDF 20260715 Purchased | n/a | 4.58% |
| South Africa (Republic of) 8.75% | SAGB.8.75 01.31.44 2044 | 4.45% |
| BRL/USD NDF 20260806 Purchased | n/a | 4.04% |
| Mexico (United Mexican States) 7.75% | MBONO.7.75 11.23.34 M | 3.51% |
| Indonesia (Republic of) 5.88% | INDOGB.5.875 03.15.31 109 | 3.36% |
| Malaysia (Government Of) 3.58% | MGS.3.582 07.15.32 0122 | 3.34% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 30, 2026 | $0.02205 | Jul 1, 2026 |
| May 29, 2026 | $0.02205 | Jun 1, 2026 |
| Apr 30, 2026 | $0.02005 | May 1, 2026 |
| Mar 31, 2026 | $0.02001 | Apr 1, 2026 |
| Feb 27, 2026 | $0.02006 | Mar 2, 2026 |
| Jan 30, 2026 | $0.02005 | Feb 2, 2026 |