About EMLCX
MFS Emerging Markets Debt Local Currency Fund is a mutual fund that seeks to deliver total return with a primary emphasis on high current income, while also considering capital appreciation. This fund predominantly invests in debt instruments issued by governments and entities economically tied to emerging market countries, with holdings denominated in local currencies. The portfolio is actively managed with a disciplined risk management approach, focusing on calibrating exposures to both country-specific and global risks. The investment process is fundamentally driven, aiming to identify opportunities stemming from macroeconomic imbalances and sovereign risk within emerging markets. The fund’s benchmark, the JPMorgan GBI-EM Global Diversified Index, measures the performance of local currency bonds across a wide range of emerging economies. Typical sectors impacted include government finance, infrastructure, and economic development in Latin America, Asia, Africa, the Middle East, and Eastern Europe. The fund provides investors with diversified exposure to emerging market sovereign debt, playing a significant role in portfolios seeking income and diversification away from developed market bonds.
Fund Family MFS
Category Emerging-Markets Local-Currency Bond
Performance Rating Below Average
Risk Rating Above Average
Stock Exchange NASDAQ
Ticker Symbol EMLCX
Share Class C
Index Index is not available on Lipper Database
EMLCX had a total return of 7.23% in the past year, including dividends. Since the fund's
inception, the average annual return has been 0.17%.
