About EMLBX
MFS Emerging Markets Debt Local Currency Fund is an actively managed mutual fund focusing on debt instruments issued by governments and related entities in emerging market countries, with investments made primarily in the local currencies of these nations. The fund’s main objective is to achieve total return with an emphasis on generating high current income, while also considering opportunities for capital appreciation. It employs a disciplined risk management strategy, balancing exposures to both country-specific and global risk factors, and utilizes a fundamentally driven investment process—analyzing macroeconomic imbalances and sovereign risks to identify potential sources of excess return. The fund’s portfolio typically includes sovereign and government-related bonds from a diverse range of regions such as Latin America, Asia, Africa, Eastern Europe, and the Middle East, providing broad exposure to the economic dynamics of emerging markets. As a benchmark, it tracks the JPMorgan Government Bond Index Emerging Markets Global Diversified, which reflects the local currency bond markets of developing economies. The fund is managed by experienced portfolio managers and is designed for investors seeking both income and diversification through access to emerging market fixed income assets.
Fund Family MFS
Category Emerging-Markets Local-Currency Bond
Performance Rating Below Average
Risk Rating Above Average
Stock Exchange NASDAQ
Ticker Symbol EMLBX
Share Class B
Index Index is not available on Lipper Database
EMLBX had a total return of 14.40% in the past year, including dividends. Since the fund's
inception, the average annual return has been 4.01%.
