About EMLJX
MFS Emerging Markets Debt Local Currency Fund Class R1 is a mutual fund focused on providing investors with access to the local currency debt markets of emerging economies. The fund’s primary objective is to achieve total return, emphasizing high current income while also considering capital appreciation. It pursues a disciplined risk management strategy, carefully balancing exposures to both country-specific and global factors. The investment team employs a fundamentally-driven process, analyzing macroeconomic imbalances and sovereign risk profiles to identify and position for opportunities arising from shifts in monetary policy, interest rates, and currency movements.
The fund predominantly invests in local currency-denominated government and government-related bonds from emerging market countries, including significant allocations to bonds issued by Brazil, Mexico, South Africa, China, Colombia, Malaysia, India, and Peru. Its active portfolio management seeks to anticipate and capitalize on macroeconomic adjustments within these regions. The fund also serves as a benchmarked strategy against the JPMorgan GBI-EM Global Diversified Index, which ensures broad geographic diversification and reduced individual country concentration. With its focus on emerging markets, the fund plays a critical role in offering investors exposure to regions and sectors with differentiated growth dynamics and income potential compared to developed markets.
Fund Family MFS
Category Emerging-Markets Local-Currency Bond
Performance Rating Average
Risk Rating Above Average
Stock Exchange NASDAQ
Ticker Symbol EMLJX
Share Class R1
Index Index is not available on Lipper Database
EMLJX had a total return of 19.68% in the past year, including dividends. Since the fund's
inception, the average annual return has been 4.39%.
