MFS Emerging Markets Debt Local Currency Fund (EMLIX)
The investment seeks total return with an emphasis on high current income, but also considering capital appreciation. The fund normally invests at least 80% of its net assets (i) in debt instruments of issuers that are tied economically to emerging market countries and denominated in local currencies and (ii) in derivative instruments with similar economic characteristics to these instruments. Emerging market countries are countries whose financial and capital markets are in the development phase and include countries located in Latin America, Asia, Africa, the Middle East, and developing countries of Europe, primarily Eastern Europe. It is non-diversified.
Fund Info
| ISIN | US5527464227 |
|---|---|
| CUSIP | 552746422 |
| Issuer | MFS |
| Inception Date | Sep 14, 2011 |
| Category | Emerging Markets Bonds |
| Min. Investment | $0 |
| Asset Class | Bond |
Expense Ratio
EMLIX has a high expense ratio of 0.85%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in MFS Emerging Markets Debt Local Currency Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
MFS Emerging Markets Debt Local Currency Fund had a return of -4.22% year-to-date (YTD) and 1.23% in the last 12 months. Over the past 10 years, MFS Emerging Markets Debt Local Currency Fund had an annualized return of -0.30%, while the S&P 500 had an annualized return of 10.64%, indicating that MFS Emerging Markets Debt Local Currency Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | -4.22% | 7.50% |
| 1 month | -1.37% | -1.61% |
| 6 months | 2.63% | 17.65% |
| 1 year | 1.23% | 26.26% |
| 5 years (annualized) | 0.80% | 11.73% |
| 10 years (annualized) | -0.30% | 10.64% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -1.82% | -0.80% | -0.11% | -3.19% | ||||||||
| 2023 | -0.78% | 5.85% | 4.30% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of EMLIX is 10, indicating that it is in the bottom 10% of the market in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
MFS Emerging Markets Debt Local Currency Fund(EMLIX)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for MFS Emerging Markets Debt Local Currency Fund (EMLIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
MFS Emerging Markets Debt Local Currency Fund granted a 5.31% dividend yield in the last twelve months. The annual payout for that period amounted to $0.29 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.29 | $0.26 | $0.25 | $0.28 | $0.29 | $0.29 | $0.36 | $0.32 | $0.30 | $0.40 | $0.50 | $0.56 |
Dividend yield | 5.31% | 4.55% | 4.77% | 4.52% | 4.15% | 4.08% | 5.59% | 4.46% | 4.59% | 6.32% | 6.32% | 6.44% |
Monthly Dividends
The table displays the monthly dividend distributions for MFS Emerging Markets Debt Local Currency Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.03 | $0.03 | $0.02 | $0.02 | ||||||||
| 2023 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 |
| 2022 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.02 | $0.01 | $0.02 | $0.02 | $0.02 |
| 2021 | $0.02 | $0.02 | $0.03 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 |
| 2020 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 |
| 2019 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.01 | $0.01 | $0.01 | $0.03 | $0.03 | $0.03 |
| 2018 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 |
| 2017 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 |
| 2016 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 |
| 2015 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.03 | $0.03 | $0.02 | $0.02 | $0.02 |
| 2014 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 |
| 2013 | $0.03 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.04 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the MFS Emerging Markets Debt Local Currency Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the MFS Emerging Markets Debt Local Currency Fund was 33.42%, occurring on Jan 20, 2016. The portfolio has not yet recovered.
The current MFS Emerging Markets Debt Local Currency Fund drawdown is 11.41%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -33.42% | May 9, 2013 | 680 | Jan 20, 2016 | — | — | — |
| -8.56% | Oct 31, 2011 | 19 | Nov 25, 2011 | 46 | Feb 2, 2012 | 65 |
| -8.33% | Mar 2, 2012 | 64 | Jun 1, 2012 | 71 | Sep 13, 2012 | 135 |
| -6.89% | Sep 16, 2011 | 12 | Oct 3, 2011 | 19 | Oct 28, 2011 | 31 |
| -2.88% | Feb 4, 2013 | 33 | Mar 21, 2013 | 11 | Apr 8, 2013 | 44 |
Volatility
Volatility Chart
The current MFS Emerging Markets Debt Local Currency Fund volatility is 2.58%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.