# Portfolio overlap — EMLAX vs TGWIX

Comparing **MFS Emerging Markets Debt Local Currency Fund** (2026-01-31) and **TCW Emerging Markets Local Currency Income Fund** (2026-01-31).

- Shared positions: 26
- MFS Emerging Markets Debt Local Currency Fund covered by TCW Emerging Markets Local Currency Income Fund: 0.1932527210362857091022109011
- TCW Emerging Markets Local Currency Income Fund covered by MFS Emerging Markets Debt Local Currency Fund: 0.1932527210362857091022109012

## MFS Emerging Markets Debt Local Currency Fund — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| MFS Institutional Money Market Portfolio, Class A | 0.058139 |  |
| TESORERIA PESOS | 0.041918 |  |
| MEXICO UNITED MEXICAN STATES 7.75% 11/23/2034 | 0.037571 | ✓ |
| TITULOS DE TESORERIA 11.000000% 08/22/2029 | 0.034676 |  |
| South Africa, Parliament of | 0.032580 | ✓ |
| MALAYSIA GOVT OF 3.582% 07/15/2032 | 0.032569 | ✓ |
| PERU REPUBLIC OF 6.85% 08/12/2035 144A REGS | 0.027080 | ✓ |
| People's Republic of China | 0.024257 |  |
| Republic of Indonesia | 0.023502 |  |
| China Development Bank | 0.022954 |  |
| SOUTH AFRICA REPUBLIC OF 8.875% 02/28/2035 | 0.022187 | ✓ |
| South Africa, Parliament of | 0.021688 | ✓ |
| MEXICAN BONOS MXN 7.75% 05-29-31 | 0.020945 |  |
| ROMANIA GOVT | 0.020560 |  |
| Urzad Rady Ministrow | 0.020158 | ✓ |
| Urzad Rady Ministrow | 0.019869 |  |
| THAILAND KINGDOM OF 3.3% 06/17/2038 | 0.019110 |  |
| ROMANIA GOVT | 0.018574 |  |
| ROMANIA REPUBLIC OF 8% 04/29/2030 | 0.018398 |  |
| India Government Bond | 0.017989 |  |
| TESORERIA PESOS | 0.017908 | ✓ |
| Republic of Indonesia | 0.017342 |  |
| THAILAND GOVT | 0.015837 |  |
| MALAYSIA GOVT OF 4.065% 06/15/2050 | 0.015726 |  |
| Urad Vlady Ceske Republiky | 0.015450 |  |
| Republic of Indonesia, The Government of, The | 0.014570 |  |
| INDIA GOVERNMENT BOND INR 7.18% 07-24-37 | 0.013708 |  |
| SOUTH AFRICA REPUBLIC OF 8.5% 01/31/2037 | 0.013424 | ✓ |
| Republic of Indonesia, The Government of, The | 0.012840 |  |
| ROMANIA GOVT | 0.012316 |  |
| MEXICO UNITED MEXICAN STATES 7.75% 11/13/2042 | 0.011922 | ✓ |
| TITULOS DE TESORERIA 7.750000% 09/18/2030 | 0.011438 |  |
| HUNGARY GOVT | 0.011183 |  |
| Urad Vlady Ceske Republiky | 0.010781 |  |
| Titulos de Tesoreria | 0.010232 | ✓ |
| Presidencia da Republica | 0.009844 |  |
| INTER-AMERICAN DEVELOPMENT BANK 7.35% 10-06-30 | 0.009674 |  |
| HUNGARY GOVT | 0.009671 |  |
| Presidencia da Republica | 0.009522 | ✓ |
| Urad Vlady Ceske Republiky | 0.009451 | ✓ |
| REPUBLIC OF POLAND GOVERNMENT BOND PLN 1.25% 10-25-30 | 0.008297 | ✓ |
| THAILAND KINGDOM OF 3.45% 06/17/2043 | 0.008254 | ✓ |
| Presidencia da Republica | 0.007966 |  |
| TURKIYE GOVERNMENT BOND TRY 26.2% 10-05-33 | 0.007289 |  |
| ASIAN INFRASTRUCTURE INVESTMENT BANK/THE MTN 6.650000% 06/30/2033 | 0.007149 |  |
| ROMANIA REPUBLIC OF 7.5% 07/27/2033 | 0.007089 |  |
| Urzad Rady Ministrow | 0.006769 |  |
| Republic of Indonesia, The Government of, The | 0.006586 |  |
| EUROPEAN INVESTMENT BANK 7.4% 10-23-33 | 0.006578 |  |
| European Bank for Reconstruction & Development | 0.006406 |  |

## TCW Emerging Markets Local Currency Income Fund — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| Presidencia da Republica | 0.067469 | ✓ |
| TURKIYE GOVERNMENT BOND TRY 37.84% 07-14-27 | 0.043758 |  |
| Brazil Notas do Tesouro Nacional Serie B | 0.043117 |  |
| NIGERIA REPUBLIC 0% 03/17/2026 | 0.038160 |  |
| Republic of India | 0.033674 |  |
| CHINA PEOPLES REPUBLIC OF 2.57% 05/20/2054 | 0.032054 |  |
| CZECH REPUBLIC GOVERNMENT BOND CZK 3.5% 05-30-35 | 0.031177 | ✓ |
| Republic of India | 0.029579 |  |
| Egypt Treasury Bills | 0.024566 |  |
| Urzad Rady Ministrow | 0.021658 | ✓ |
| Nigeria OMO Bill | 0.021161 |  |
| MEXICO UNITED MEXICAN STATES 7.5% 05/26/2033 | 0.020486 |  |
| PERU REPUBLIC OF 6.85% 08/12/2035 144A REGS | 0.020179 | ✓ |
| Republic of Indonesia | 0.019945 |  |
| MALAYSIA GOVT OF 4.762% 04/07/2037 | 0.019722 |  |
| SOUTH AFRICA REPUBLIC OF 8.875% 02/28/2035 | 0.019585 | ✓ |
| Republic of Uganda Government Bonds | 0.019584 |  |
| Republic of India | 0.018780 |  |
| MEXICO UNITED MEXICAN STATES 7.75% 11/23/2034 | 0.018583 | ✓ |
| MALAYSIA GOVT OF 4.893% 06/08/2038 | 0.017935 |  |
| THAILAND KINGDOM OF 3.45% 06/17/2043 | 0.017040 | ✓ |
| MEXICO UNITED MEXICAN STATES 8.5% 11/18/2038 | 0.015941 |  |
| Urzad Rady Ministrow | 0.015822 | ✓ |
| SOUTH AFRICA REPUBLIC OF 8.5% 01/31/2037 | 0.015372 | ✓ |
| TURKIYE GOVERNMENT BOND TRY 36.0% 08-12-26 | 0.015236 |  |
| MALAYSIA GOVT | 0.015210 |  |
| Egypt Treasury Bills | 0.015106 |  |
| REPUBLIC OF POLAND GOVERNMENT BOND PLN 1.25% 10-25-30 | 0.014696 | ✓ |
| Titulos de Tesoreria | 0.013793 | ✓ |
| SOUTH AFRICA REPUBLIC OF 6.25% 03/31/2036 | 0.012763 |  |
| Sandor-Palota | 0.012628 |  |
| Republic of India | 0.011426 |  |
| South Africa, Parliament of | 0.011368 | ✓ |
| Colombia Titulos de Tesoreria, Series B | 0.011066 |  |
| Indonesia Treasury Bond | 0.010804 |  |
| THAILAND KINGDOM OF 3.39% 06/17/2037 | 0.010209 |  |
| MEXICO UNITED MEXICAN STATES 10% 11/20/2036 | 0.010192 |  |
| Republic of Indonesia | 0.010067 |  |
| SOUTH AFRICA REPUBLIC OF 8.25% 03/31/2032 | 0.009994 |  |
| MALAYSIA GOVT OF 4.054% 04/18/2039 | 0.009820 |  |
| Czech Republic Government Bond | 0.009513 |  |
| Czech Republic Government Bonds | 0.009293 |  |
| THAILAND GOVT | 0.008862 | ✓ |
| MALAYSIA GOVT | 0.008499 |  |
| Egypt Treasury Bills | 0.008491 | ✓ |
| TITULOS DE TESORERIA 13.250000% 02/09/2033 | 0.007923 |  |
| Urad Vlady Ceske Republiky | 0.007796 | ✓ |
| MEXICO UNITED MEXICAN STATES 7.75% 11/13/2042 | 0.007726 | ✓ |
| MALAYSIA GOVT OF 3.582% 07/15/2032 | 0.007684 | ✓ |
| Sandor-Palota | 0.007500 |  |


## Sources

- N-PORT (fund A) — accession `0001410368-26-032771` (as of 2026-01-31)
  <https://www.sec.gov/Archives/edgar/data/783740/000141036826032771/0001410368-26-032771-index.htm>
- N-PORT (fund B) — accession `0001410368-26-033400` (as of 2026-01-31)
  <https://www.sec.gov/Archives/edgar/data/892071/000141036826033400/0001410368-26-033400-index.htm>

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