The MFS Emerging Markets Debt Fund Class I (MEDIX) is an actively managed fund that seeks to provide a high level of current income as well as the potential for capital appreciation. It does this by investing in a variety of emerging-debt securities. The fund primarily invests in sovereign and sovereign government-sponsored agency debt that is U.S dollar-denominated. MEDIX uses fundamental analysis to limit risk while providing high income.
Given its low costs and focus on emerging-market debt, MEDIX makes for a great subcore position in a broader fixed-income portfolio. The fund is managed by MFS Investment Management.
| Period | MEDIX Return | Category Return Low | Category Return High | Rank in Category (%) | Quintile |
|---|---|---|---|---|---|
| YTD | 5.3% | -16.1% | 31.0% | 50.44% | 4 |
| 1 Yr | 4.8% | -22.3% | 33.3% | 72.59% | 4 |
| 3 Yr | 4.3% * | -7.4% | 10.7% | 25.90% | 2 |
| 5 Yr | 4.1% * | -3.7% | 7.6% | 27.36% | 2 |
| 10 Yr | 7.2% * | 1.3% | 9.3% | 25.88% | 2 |
* Annualized
| Period | MEDIX Return | Category Return Low | Category Return High | Rank in Category (%) | Quintile |
|---|---|---|---|---|---|
| 2016 | 4.4% | -25.2% | 219.0% | 46.58% | 4 |
| 2015 | -5.1% | -26.3% | 1.3% | 19.18% | 2 |
| 2014 | -0.1% | -16.1% | 21.6% | 9.00% | 1 |
| 2013 | -11.1% | -24.6% | 13.9% | 34.53% | 3 |
| 2012 | 12.5% | -20.6% | 19.3% | 29.94% | 2 |
| Period | MEDIX Return | Category Return Low | Category Return High | Rank in Category (%) | Quintile |
|---|---|---|---|---|---|
| YTD | 5.3% | -16.1% | 31.0% | 51.60% | 4 |
| 1 Yr | 4.8% | -25.4% | 33.3% | 60.06% | 3 |
| 3 Yr | 4.3% * | -7.4% | 10.7% | 21.97% | 2 |
| 5 Yr | 4.1% * | -4.7% | 7.3% | 24.53% | 2 |
| 10 Yr | 7.2% * | 1.3% | 9.1% | 22.35% | 2 |
* Annualized
| Period | MEDIX Return | Category Return Low | Category Return High | Rank in Category (%) | Quintile |
|---|---|---|---|---|---|
| 2016 | 4.4% | -21.7% | 224.9% | 60.62% | 4 |
| 2015 | -5.1% | -26.3% | 8.1% | 43.08% | 3 |
| 2014 | -0.1% | -14.7% | 32.1% | 35.64% | 2 |
| 2013 | -10.7% | -24.6% | 19.4% | 63.68% | 4 |
| 2012 | 13.4% | -28.1% | 40.8% | 61.01% | 4 |
| MEDIX | Category Low | Category High | MEDIX % Rank | Quintile | |
|---|---|---|---|---|---|
| Net Assets | 6.08 B | 2.52 M | 6.72 B | 0.87% | 1 |
| Number of Holdings | 458 | 2 | 1034 | 3.49% | 1 |
| Net Assets in Top 10 | 435 M | -323 M | 1.26 B | 2.03% | 1 |
| Weighting of Top 10 | 9.4% | 0.0% | 158.5% | 31.69% | 5 |
| Weighting | Category Low | Category High | MEDIX % Rank | Quintile | |
|---|---|---|---|---|---|
| Bonds | 90.74% | 0.00% | 116.32% | 18.02% | 3 |
| Cash | 8.78% | -24.25% | 100.00% | 11.34% | 2 |
| Other | 0.42% | -0.10% | 17.15% | 19.19% | 4 |
| Stocks | 0.06% | -0.61% | 100.00% | 4.94% | 2 |
| Preferred Stocks | 0.00% | 0.00% | 1.45% | 1.74% | 5 |
| Convertible Bonds | 0.00% | 0.00% | 3.55% | 4.94% | 5 |
| Weighting | Category Low | Category High | MEDIX % Rank | Quintile | |
|---|---|---|---|---|---|
| Energy | 0.06% | 0.00% | 7.72% | 13.48% | 4 |
| Utilities | 0.00% | 0.00% | 1.52% | 4.96% | 5 |
| Technology | 0.00% | 0.00% | 27.59% | 6.38% | 5 |
| Real Estate | 0.00% | 0.00% | 2.91% | 6.38% | 5 |
| Industrials | 0.00% | 0.00% | 7.53% | 5.67% | 5 |
| Healthcare | 0.00% | 0.00% | 1.66% | 4.26% | 5 |
| Financial Services | 0.00% | 0.00% | 24.96% | 7.80% | 5 |
| Communication Services | 0.00% | 0.00% | 6.23% | 7.09% | 5 |
| Consumer Defense | 0.00% | 0.00% | 6.83% | 5.67% | 5 |
| Consumer Cyclical | 0.00% | 0.00% | 10.83% | 6.38% | 5 |
| Basic Materials | 0.00% | 0.00% | 7.75% | 7.09% | 5 |
| Weighting | Category Low | Category High | MEDIX % Rank | Quintile | |
|---|---|---|---|---|---|
| Non US | 0.06% | 0.00% | 97.21% | 4.94% | 1 |
| US | 0.00% | -0.61% | 100.00% | 2.03% | 5 |
| Weighting | Category Low | Category High | MEDIX % Rank | Quintile | |
|---|---|---|---|---|---|
| Government | 53.27% | -10.46% | 93.25% | 18.31% | 3 |
| Corporate | 37.25% | 0.00% | 88.15% | 11.05% | 2 |
| Cash & Equivalents | 8.78% | -26.31% | 100.00% | 10.47% | 2 |
| Municipal | 0.10% | 0.00% | 1.92% | 7.85% | 2 |
| Securitized | 0.00% | 0.00% | 24.51% | 8.14% | 5 |
| Derivative | -0.02% | -9.84% | 18.81% | 8.43% | 5 |
| Weighting | Category Low | Category High | MEDIX % Rank | Quintile | |
|---|---|---|---|---|---|
| Non US | 92.76% | -78.26% | 124.21% | 14.83% | 3 |
| US | -2.02% | -54.54% | 95.37% | 17.73% | 5 |
| MEDIX Fees (% of AUM) | Category Low | Category High | Rank in Category (%) | Quintile | |
|---|---|---|---|---|---|
| Expense Ratio | 0.87% | 0.29% | 35.56% | 51.74% | 1 |
| Management Fee | 0.69% | 0.00% | 1.30% | 7.56% | 2 |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A | N/A |
| Administrative Fee | N/A | 0.01% | 0.60% | N/A | N/A |
| MEDIX Fees (% of AUM) | Category Low | Category High | MEDIX Rank | Quintile | |
|---|---|---|---|---|---|
| Front Load | N/A | 0.00% | 5.75% | N/A | N/A |
| Deferred Load | N/A | 0.75% | 5.50% | N/A | N/A |
| MEDIX Fees (% of AUM) | Category Low | Category High | MEDIX Rank | Quintile | |
|---|---|---|---|---|---|
| Max Redemption Fee | N/A | 0.75% | 2.00% | N/A | N/A |
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| MEDIX Fees (% of AUM) | Category Low | Category High | MEDIX Rank | Quintile | |
|---|---|---|---|---|---|
| Turnover | 67.00% | 2.00% | 546.00% | 16.91% | 3 |
| MEDIX | Category Low | Category High | MEDIX % Rank | Quintile | |
|---|---|---|---|---|---|
| Dividend Yield | 0.8% | 0.00% | 3.24% | 5.38% | 1 |
| MEDIX | Category Low | Category High | Category Mode | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Monthly | Annually | Monthly | Annually |
| Date | Amount |
|---|---|
| Aug 02, 2010 | $0.064 |
| Jul 01, 2010 | $0.066 |
| Jun 01, 2010 | $0.068 |
| May 03, 2010 | $0.070 |
| Apr 30, 2010 | $0.021 |
| Apr 01, 2010 | $0.070 |
| Mar 01, 2010 | $0.071 |
| Feb 01, 2010 | $0.071 |
| Jan 04, 2010 | $0.107 |
| Nov 30, 2009 | $0.075 |
| Oct 30, 2009 | $0.075 |
| Sep 30, 2009 | $0.075 |
| Aug 31, 2009 | $0.071 |
| Jul 31, 2009 | $0.067 |
| Jun 30, 2009 | $0.068 |
| May 29, 2009 | $0.067 |
| Apr 30, 2009 | $0.067 |
| Mar 31, 2009 | $0.067 |
| Feb 27, 2009 | $0.067 |
| Jan 30, 2009 | $0.067 |
| Dec 31, 2008 | $0.073 |
| Nov 28, 2008 | $0.144 |
| Oct 31, 2008 | $0.074 |
| Sep 30, 2008 | $0.074 |
| Aug 29, 2008 | $0.074 |
| Jul 31, 2008 | $0.074 |
| Jun 30, 2008 | $0.074 |
| May 30, 2008 | $0.074 |
| Apr 30, 2008 | $0.074 |
| Mar 31, 2008 | $0.074 |
| Feb 29, 2008 | $0.074 |
| Jan 31, 2008 | $0.075 |
| Dec 31, 2007 | $0.075 |
| Oct 31, 2007 | $0.075 |
| Sep 28, 2007 | $0.075 |
| Aug 31, 2007 | $0.074 |
| Jul 31, 2007 | $0.075 |
| Jun 29, 2007 | $0.075 |
| May 31, 2007 | $0.077 |
| Apr 30, 2007 | $0.077 |
| Mar 30, 2007 | $0.077 |
| Feb 28, 2007 | $0.077 |
| Jan 31, 2007 | $0.077 |
| Dec 29, 2006 | $0.080 |
| Nov 30, 2006 | $0.293 |
| Nov 01, 2004 | $0.068 |
| Oct 01, 2004 | $0.071 |
| Sep 01, 2004 | $0.074 |
| Aug 02, 2004 | $0.070 |
| Jul 01, 2004 | $0.073 |
| Jun 01, 2004 | $0.067 |
| May 03, 2004 | $0.067 |
| Apr 01, 2004 | $0.067 |
| Mar 01, 2004 | $0.066 |
| Feb 02, 2004 | $0.067 |
| Dec 31, 2003 | $0.078 |
| Dec 01, 2003 | $0.078 |
| Nov 03, 2003 | $0.066 |
| Oct 01, 2003 | $0.066 |
| Sep 02, 2003 | $0.065 |
| Aug 01, 2003 | $0.060 |
| Jul 01, 2003 | $0.058 |
| Jun 02, 2003 | $0.062 |
| May 01, 2003 | $0.067 |
| Apr 01, 2003 | $0.063 |
| Mar 03, 2003 | $0.067 |
| Feb 03, 2003 | $0.073 |
| Dec 31, 2002 | $0.077 |
| Dec 02, 2002 | $0.241 |
| Nov 01, 2002 | $0.079 |
| Oct 01, 2002 | $0.084 |
| MEDIX | Category Low | Category High | MEDIX % Rank | Quintile | |
|---|---|---|---|---|---|
| Net Income Ratio | 4.73% | -0.29% | 11.88% | 39.24% | 3 |
| MEDIX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Monthly | Annually |
Manager
Start Date
Jul 01, 2008Tenure
9.17
Tenure Rank
1.8%
Ward Brown, CFA, Ph.D., is an investment officer and fixed income portfolio manager at MFS Investment Management® (MFS®). He is a member of the Emerging Markets Debt team, and his duties include managing the firm's emerging market debt strategies in addition to conducting macroeconomic research and individual credit analysis. Ward joined MFS in 2005 as a fixed-income research analyst and was named portfolio manager in 2008. Prior to joining MFS, he served as an economist for the International Monetary Fund for eight years. Ward spent four years as a research and teaching assistant for the Financial Markets Group at the London School of Economics and Political Science and later served as a lecturer at the school in the Economics Department. Ward earned his bachelor's degree from McGill University and holds a master's and a doctoral degree in Economics from the London School of Economics and Political Science. He holds the Chartered Financial Analyst designation.
Manager
Start Date
Jul 24, 1998Tenure
19.12
Tenure Rank
0.3%
Matthew W. Ryan, CFA, is an investment officer of Massachusetts Financial Services Company and a portfolio manager of the firm's emerging market debt, strategic income, and high-yield bond portfolios. Before joining the firm in 1997, Matt worked for four years as an economist at the International Monetary Fund and for five years as an international economist with the U.S. Department of the Treasury. He was named a portfolio manager at MFS in 1998. He is a graduate of Williams College and earned a master's degree in international economics and foreign policy from Johns Hopkins University. Matt also holds the Chartered Financial Analyst (CFA) designation.
Category Low
0.1
Category High
22.7
Category Average
4.09
Category Mode
2.7
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