MFS Emerging Markets Debt Local Currency Fund (EMLNX)
| Fund Assets | 472.90M |
| Expense Ratio | 0.78% |
| Min. Investment | $0.00 |
| Turnover | 59.00% |
| Dividend (ttm) | 0.26 |
| Dividend Yield | 4.49% |
| Dividend Growth | -14.77% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jul 31, 2025 |
| Previous Close | 5.84 |
| YTD Return | 12.55% |
| 1-Year Return | 7.10% |
| 5-Year Return | 10.84% |
| 52-Week Low | 5.18 |
| 52-Week High | 5.84 |
| Beta (5Y) | n/a |
| Holdings | 307 |
| Inception Date | Dec 3, 2012 |
About EMLNX
MFS Emerging Markets Debt Local Currency Fund R6 is an actively managed mutual fund specializing in sovereign debt securities issued by emerging market governments. Its primary objective is to achieve total return, focusing on high current income with a secondary consideration for capital appreciation. The fund's strategy centers on investing in local currency-denominated bonds from a broad range of emerging market countries, employing a disciplined risk management approach that assesses both global and country-specific risk exposures. The portfolio is fundamentally driven, analyzing macroeconomic balances and sovereign risks to identify investment opportunities and anticipate necessary policy or market adjustments. Holdings typically include debt from countries like Brazil, Mexico, South Africa, China, and India, reflecting significant exposure to diverse currencies and interest rate environments. The fund is benchmarked against the JPMorgan GBI-EM Global Diversified Index, which ensures a diversified representation across emerging markets by capping individual country weights. MFS Emerging Markets Debt Local Currency Fund R6 plays a critical role in the financial market by providing investors with access to emerging market fixed income, contributing diversification and the potential for yield enhancement in multi-asset portfolios. The fund is suited for institutional and eligible retirement investors, offering R6 shares without front-end sales charges and maintaining competitive expense ratios.
Performance
EMLNX had a total return of 7.10% in the past year, including dividends. Since the fund's inception, the average annual return has been 0.06%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| FSEDX | Fidelity | Fidelity Series Em Mk Dbt Lcl Ccy | n/a |
Top 10 Holdings
42.28% of assets| Name | Symbol | Weight |
|---|---|---|
| Secretaria Do Tesouro Nacional 10% | BNTNF.10 01.01.27 NTNF | 5.43% |
| USD/MYR NDF 20250711 Purchased | n/a | 5.34% |
| USD/THB FWD 20250718 Purchased | n/a | 5.14% |
| Currency Cash CASH_USD | n/a | 4.95% |
| South Africa (Republic of) 8.88% | SAGB.8.875 02.28.35 2035 | 4.32% |
| Mexico (United Mexican States) 7.75% | MBONO.7.75 11.23.34 M | 4.10% |
| Ministerio de Hacienda y Credito Publico 11% | COLTES.11 08.22.29 B | 3.69% |
| China (People's Republic Of) 2.88% | CGB.2.88 02.25.33 INBK | 3.21% |
| Malaysia (Government Of) 3.58% | MGS.3.582 07.15.32 0122 | 3.07% |
| CZK/USD FWD 20250718 Purchased | n/a | 3.02% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jul 31, 2025 | $0.00658 | Aug 1, 2025 |
| Jun 30, 2025 | $0.00658 | Jul 1, 2025 |
| May 30, 2025 | $0.0195 | Jun 2, 2025 |
| Apr 30, 2025 | $0.0215 | May 1, 2025 |
| Mar 31, 2025 | $0.02464 | Apr 1, 2025 |
| Feb 28, 2025 | $0.02664 | Mar 3, 2025 |