About EMLMX
MFS Emerging Markets Debt Local Currency Fund R4 is a mutual fund focused on delivering total return with an emphasis on high current income, while also considering capital appreciation. The fund primarily invests in local currency-denominated sovereign debt issued by emerging market governments, such as Brazil, Mexico, South Africa, China, Colombia, Malaysia, India, and Peru. It employs a disciplined risk management approach that calibrates exposures to both country-specific and global risk factors. The investment process is fundamentally driven, with an emphasis on analyzing macroeconomic imbalances and sovereign credit risks to identify opportunities for alpha generation. The fund seeks to anticipate and position for macroeconomic adjustments, establishing positions in interest rates and currencies to capitalize on expected price movements. Serving institutional and eligible retirement plan investors, this fund plays a key role in diversifying fixed income portfolios and providing access to the economic growth prospects of emerging markets. Its benchmark is the JPMorgan GBI-EM Global Diversified Index, which ensures broad exposure across multiple regions while managing concentration risk.
Fund Family MFS
Category Emerging-Markets Local-Currency Bond
Performance Rating Average
Risk Rating Above Average
Stock Exchange NASDAQ
Ticker Symbol EMLMX
Share Class R4
Index Index is not available on Lipper Database
EMLMX had a total return of 8.40% in the past year, including dividends. Since the fund's
inception, the average annual return has been 1.16%.
