About EMLKX
MFS Emerging Markets Debt Local Currency Fund R2 is a mutual fund specializing in sovereign and government-related debt instruments from emerging markets, with investments denominated primarily in local currencies. The fund’s central objective is to deliver total return, focusing on generating high current income while also seeking opportunities for capital appreciation. It employs an actively managed, fundamentally driven process that assesses country-level macroeconomic factors, sovereign risks, and currency dynamics to identify investment opportunities and manage risk exposure effectively. The portfolio is broadly diversified across regions such as Latin America, Asia, Africa, the Middle East, and Eastern Europe, holding a range of government bonds from countries like Brazil, Mexico, South Africa, China, Colombia, Malaysia, India, and Peru. Benchmarked against the JPMorgan Government Bond Index Emerging Markets Global Diversified, the fund plays a significant role for investors seeking exposure to emerging market fixed income, particularly those looking to benefit from local currency movements and the diversification these assets may provide relative to traditional developed market bonds.
Fund Family MFS
Category Emerging-Markets Local-Currency Bond
Performance Rating Average
Risk Rating Above Average
Stock Exchange Nasdaq
Ticker Symbol EMLKX
Share Class R2
Index Index is not available on Lipper Database
EMLKX had a total return of 4.14% in the past year, including dividends. Since the fund's
inception, the average annual return has been 0.49%.
