About MEDAX
MFS Emerging Markets Debt Fund Class A is an open-end mutual fund that specializes in investing in debt instruments issued by entities economically tied to emerging market countries. Its chief objective is to achieve total return with a focus on delivering high current income, while also earning capital appreciation over the long term. The fund allocates at least 80% of its assets to a diversified portfolio of bonds and other debt securities, which may include sovereign, quasi-sovereign, and corporate issuers from regions such as Latin America, Asia, Africa, Eastern Europe, and the Middle East. It has the flexibility to invest up to 100% of assets in below investment grade—commonly referred to as high-yield or ‘junk’—bonds, which typically offer higher yields in exchange for higher credit risk.
The fund’s holdings are spread across various countries, sectors, and industries to capture opportunities presented by different economic cycles and to manage risk. Portfolio managers use both fundamental and quantitative analysis to assess creditworthiness, relative value, and economic outlook when selecting investments. Notably, it often maintains a blend of government, corporate, and supranational debt, usually denominated in U.S. dollars, with the option to use derivatives for currency or interest rate management.
The MFS Emerging Markets Debt Fund Class A plays a significant role for investors seeking exposure to the dynamic and often higher-risk opportunities in emerging debt markets, aiming to enhance income and diversify global fixed-income allocations within broad investment portfolios.
Fund Family MFS
Category Emerging Markets Bond
Stock Exchange NASDAQ
Ticker Symbol MEDAX
Share Class A
Index JP Morgan EMBI Global Diversified TR
MEDAX had a total return of 6.64% in the past year, including dividends. Since the fund's
inception, the average annual return has been 7.15%.
