Fund Research for MFS Emerging Markets Debt R2 (MEDEX)

  • Fund Overview

    Fund Inception Date: Dec 01, 2008
    Category: Emerging Markets Bond
    Overall Risk: Below Average
    Fund Family: MFS
    Return Since Inception: 39.31%
    YTD Return: 29.80%
    Yield (TTM): —
    Net Assets: 881,005.00
    Morningstar Rating:
    4 of 5
    The investment seeks total return with an emphasis on high current income, but also considering capital appreciation. The fund invests at least 80% of net assets in debt instruments of issuers that are tied economically to emerging-market countries. It may invest up to 100% of assets in lower quality debt instruments. The fund may also enter into short sales. It is nondiversified.

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    Details
    Average Eff Duration 6.51 Yrs
    Average Eff Maturity 12.81 Yrs
    Average Credit Quality BBB
    Morningstar Rating as of 10/31/2009
    YTD Returns as of 11/27/2009    		 Style Box Detail calculations do not include the fund's short positions (if any)

  • Fund Performance

    10 year Growth Chart
    Growth of $10,000 from 12/31/2008 to 10/31/2009
    Mouseover the chart to see values for each month.

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    Total Annualized Returns

    YTD 1 year 3 year 5 year 10 year Since Inception
    Fund 29.80% — — — 14.37% 39.31%
    +/- Category -2.41% — — — 2.70% —
    +/- Barclays US Aggregate Bond TR USD — — — — 6.31% —

    Standardized Annual Returns

    YTD 1 year 3 year 5 year 10 year Since Inception
    Month (as of 10/31/2009) 28.61% 44.01% 7.33% 9.29% 14.37% 39.31%
    Quarter (as of 09/30/2009) 28.34% — — — — 39.02%
    Fund and Category YTD, 1yr, 3yr and 5yr Returns as of 11/27/2009
    Index YTD,1yr, 3ys and 5yr Returns as of 11/27/2009 10 yr and Since Inception Returns as of 10/31/2009
    Inception Date: 12/01/2008
    Ratings are based on risk-adjusted performance.
    View Total Returns

  • Fund Portfolio Profile

    Sector Breakdown

    Stocks
    US Government —
    Mortgage —
    Credit —
    Foreign —
    Cash —
    Bond Quality
    AAA 7.23%
    AA 4.30%
    A 6.59%
    BBB 29.80%
    BB 39.91%
    B 10.80%
    Below B 0.20%
    Not Rated 1.17%

    Asset Allocation

    Short Long Net Assets
    Cash 0.00% 8.07% 8.07%
    Stocks 0.00% 0.00% 0.00%
    Bonds 0.00% 91.72% 91.72%
    Other 0.00% 0.20% 0.20%
    Foreign Stocks
    (as a % of assets)    		 0.00% 0.00% 0.00%
    Data as of 09/30/2009 Data as of 09/30/2009 View Fund Portfolio

    Top 10 Holdings

    Maturity Date Total Holdings Value of Holdings Net Assets
    + Cash Cash — 78 M 78 M 7.23%
    + Russian Federation 7.5% 03/31/2030 70.28 M 76.31 M 7.07%
    + Pemex Proj Fdg Master Tr 5.75% 03/01/2018 29.62 M 29.43 M 2.73%
    + Republic Of Turkey 7.375% 02/05/2025 22.3 M 24.47 M 2.27%
    + Pemex Proj Fdg Master Tr 6.625% 06/15/2035 23.69 M 23.35 M 2.16%
    + REPUBLIC OF VENEZUELA 02/26/2016 27.63 M 20.46 M 1.90%
    + United Mexican Sts Medium Term Nts 5.95% 03/19/2019 18.58 M 19.55 M 1.81%
    - Venezuela (Republic Of) 7% 12/01/2018 25.23 M 18.5 M 1.71%
    + Panama Rep 9.375% 04/01/2029 12.77 M 18.02 M 1.67%
    + ARGENTINA 08/03/2012 21.27 M 17.18 M 1.59%
    + Increase - Decrease = No change * New since last portfolio
    Data as of 09/30/2009
    Top 10 holdings account for the fund's short positions (if any). Net short positions appear shaded.
    View Fund Portfolio

  • Sales Information

    Sales Charge %

    Initial —
    Deferred —
    Taken from prospectus dated 04/01/2009
    Expense Ratio (based on net assets) 1.59%
    Taken from annual report dated 07/31/2009

  • Fund Management

    Matthew W. Ryan
    Start Date: 07/24/1998
    Ryan is a senior vice president with Massachusetts Financial Services Company. Before joining MFS in 1997, he worked as an economist for four years at the International Monetary Fund and for five years as an international economist with the U.S. Treasury Department. He was named portfolio manager in 1998 and vice president in 1999. Ryan holds the Chartered Financial Analyst designation.
    Ward Brown
    Start Date: 07/01/2008
    investment officer; emerging markets debt portfolio manager Responsible for portfolio construction, risk control and cash management. Participates in the research process and strategy discussions.Joined MFS in 2005 as a Fixed Income Research Analyst; named Portfolio Manager in 2008Previous experience includes: seven years as an Economist for the International Monetary Fund.