Welcome to MutualFunds.com. Please help us personalize your experience.

Select the one that best describes you

Your personalized experience is almost ready.

Join other Individual Investors receiving FREE personalized market updates and research. Join other Institutional Investors receiving FREE personalized market updates and research. Join other Financial Advisors receiving FREE personalized market updates and research.

Thank you!

Check your email and confirm your subscription to complete your personalized experience.

Thank you for your submission, we hope you enjoy your experience

MEDIX MFS Emerging Markets Debt I

  • Fund
  • MEDIX
  • Price as of: May 23, 2019
  • $14.25 - $0.02 - 0.14%
  • Category
  • Emerging Markets Bonds
  • Fund Company
  • MFS

MEDIX - Profile

Vitals

  • YTD Return 4.4%
  • 3 Yr Annualized Return -0.2%
  • 5 Yr Annualized Return -1.2%
  • Net Assets $5.34 B
  • Holdings in Top 10 8.8%

52 WEEK LOW AND HIGH

$14.25
$13.46
$14.34

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.82%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 100.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$0

IRA

N/A

Investment Themes

CATEGORY

Emerging Markets Bonds
  • Fund Type Open End Mutual Fund
  • Investment Style Emerging Markets Bond

Distributions

  • YTD Total Return 4.4%
  • 3 Yr Annualized Total Return -0.2%
  • 5 Yr Annualized Total Return -1.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 4.35%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name MFS Emerging Markets Debt Fund
  • Fund Family Name MFS
  • Inception Date Mar 17, 1998
  • Shares Outstanding N/A
  • Share Class Inst
  • Currency USD
  • Domiciled Country United States
  • Manager Matthew W. Ryan

Fund Description

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.

MEDIX - Performance

Return Ranking - Trailing

Period MEDIX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.4% -1.8% 8.4% 48.67%
1 Yr 0.0% -16.2% 3.3% 26.58%
3 Yr -0.2%* -8.7% 42.3% 52.27%
5 Yr -1.2%* -10.8% 21.0% 29.91%
10 Yr 1.3%* -4.9% 15.0% 40.68%

* Annualized


Return Ranking - Calendar

Period MEDIX Return Category Return Low Category Return High Rank in Category (%)
2018 -9.4% -19.9% -2.8% 22.07%
2017 4.8% -9.1% 35.5% 65.32%
2016 4.4% -5.2% 219.0% 65.00%
2015 -5.1% -26.3% 0.9% 24.09%
2014 -0.1% -22.4% 78.2% 11.88%

Total Return Ranking - Trailing

Period MEDIX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.4% -1.8% 8.4% 50.44%
1 Yr 0.0% -16.2% 7.5% 36.49%
3 Yr -0.2%* -4.8% 49.8% 70.91%
5 Yr -1.2%* -8.1% 28.8% 48.13%
10 Yr 1.7%* -3.3% 24.2% 54.24%

* Annualized


Total Return Ranking - Calendar

Period MEDIX Return Category Return Low Category Return High Rank in Category (%)
2018 -9.4% -19.3% 0.0% 48.20%
2017 4.8% 1.3% 36.0% 80.18%
2016 4.4% -3.5% 242.1% 79.55%
2015 -5.1% -26.3% 7.1% 43.64%
2014 -0.1% -22.2% 78.2% 34.65%

NAV & Total Return History

MEDIX - Holdings

Concentration Analysis

MEDIX Category Low Category High MEDIX % Rank
Net Assets 5.34 B 1.89 M 9.11 B 4.42%
Number of Holdings 458 4 1082 21.68%
Net Assets in Top 10 479 M 1.51 M 1.69 B 8.85%
Weighting of Top 10 8.83% 4.2% 342.5% 97.35%

Top 10 Holdings

  1. Mexico (United Mexican States) 4.15% 1.12%

  2. Argentina (Republic of) 5.88% 1.05%

  3. Russian Federation 5.25% 0.95%

  4. United States Treasury Notes 0.62% 0.94%

  5. Mexico (United Mexican States) 4.5% 0.85%

  6. Argentina (Republic of) 7.5% 0.83%

  7. Argentina (Republic of) 6.88% 0.82%

  8. Argentina (Republic of) 6.88% 0.78%

  9. Russian Federation 5.25% 0.76%

  10. JSC National Company KazMunayGas 5.38% 0.73%


Asset Allocation

Weighting Return Low Return High MEDIX % Rank
Bonds
93.01% 0.00% 122.39% 55.75%
Cash
6.95% -105.39% 46.25% 37.61%
Stocks
0.04% -0.74% 99.94% 23.01%
Preferred Stocks
0.00% 0.00% 2.48% 82.74%
Other
0.00% -4.05% 9.35% 88.50%
Convertible Bonds
0.00% 0.00% 7.33% 88.05%

Stock Sector Breakdown

Weighting Return Low Return High MEDIX % Rank
Energy
0.04% 0.00% 10.23% 59.46%
Utilities
0.00% 0.00% 1.80% 88.29%
Technology
0.00% 0.00% 26.57% 88.29%
Real Estate
0.00% 0.00% 3.52% 88.29%
Industrials
0.00% 0.00% 7.58% 88.29%
Healthcare
0.00% 0.00% 2.56% 88.29%
Financial Services
0.00% 0.00% 26.15% 88.29%
Communication Services
0.00% 0.00% 6.60% 88.29%
Consumer Defense
0.00% 0.00% 6.27% 88.29%
Consumer Cyclical
0.00% 0.00% 11.36% 88.29%
Basic Materials
0.00% 0.00% 5.58% 88.29%

Stock Geographic Breakdown

Weighting Return Low Return High MEDIX % Rank
US
0.04% -0.78% 1.06% 15.49%
Non US
0.00% -0.02% 99.79% 83.19%

Bond Sector Breakdown

Weighting Return Low Return High MEDIX % Rank
Government
62.42% 0.00% 99.34% 63.27%
Corporate
30.60% 0.00% 90.21% 27.43%
Cash & Equivalents
6.95% -104.31% 46.25% 34.51%
Securitized
0.00% 0.00% 35.33% 85.40%
Municipal
0.00% 0.00% 0.66% 83.19%
Derivative
-0.01% -21.39% 20.63% 58.85%

Bond Geographic Breakdown

Weighting Return Low Return High MEDIX % Rank
Non US
86.84% 0.00% 146.98% 59.29%
US
6.17% -52.43% 77.37% 28.76%

MEDIX - Expenses

Operational Fees

MEDIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.82% 0.29% 1595.87% 92.48%
Management Fee 0.68% 0.00% 1.30% 26.99%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.60% N/A

Sales Fees

MEDIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

MEDIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.75% 2.00% N/A

Turnover Related Fees

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 Return Low Category Return High Rank in Category (%)
Turnover 100.00% 4.00% 436.00% 67.26%

MEDIX - Distributions

Dividend Yield Analysis

MEDIX Category Low Category High MEDIX % Rank
Dividend Yield 0.03% 0.00% 1.63% 74.34%

Dividend Distribution Analysis

MEDIX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Quarterly Monthly Monthly

Dividend Payout History


Net Income Ratio Analysis

MEDIX Category Low Category High MEDIX % Rank
Net Income Ratio 4.35% 0.31% 8.90% 69.03%

Capital Gain Distribution Analysis

MEDIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

MEDIX - Managers

Matthew W. Ryan

Manager

Start Date

Tenure

Tenure Rank

Jul 24, 1998

20.78

20.8%

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.


Ward Brown

Manager

Start Date

Tenure

Tenure Rank

Jul 01, 2008

10.84

10.8%

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.


Tenure Analysis

Category Low

0.0

Category High

24.35

Category Average

5.29

Category Mode

8.4