Fact sheet: FL MFS Meridian Global Eq Pn

Fund information
Fund name
FL MFS Meridian Global Equity Pn
Fund manager company
Friends Life
Fund type
Pension Fund
Fund managers
  • Ben S.Kottlersince 01/01/2006
  • Sanjay Natarajansince 31/05/2009
  • Roger Morleysince 30/09/2009
  • David R. Mannheimsince 17/03/1989
  • Victoria Higleysince 31/05/2014
Underlying fund
MFS Meridian Global Equity
Fund objective
MFS state that the fund’s objective is capital appreciation. The fund invests primarily in equity securities of companies located in developed and emerging market countries. The fund may invest in companies it believes to have above average earnings growth potential compared to other companies (growth companies), in companies it believes are undervalued compared to their perceived worth (value companies), or in a combination of growth and value companies. The fund generally focuses its investments in larger companies, but may invest in companies of any size. The fund may invest a relatively large percentage of the fund’s assets in a small number of countries and/or a particular geographic region. The fund may use derivatives for investment purposes and efficient portfolio management or risk reduction.
Benchmark
  • MSCI World
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
24.2%
1 Year rank in sector
172/961
Sector
PN Global Equities
Yield
-
Fund size
£20m (£13m last year)
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
102
Top in this sector
Fund name1 Year
AXA Wealth Sch ISF Gbl Recv Pn34.5%
OMW IPL M&G Global Dividend Pn32.2%
LV= M&G Global Div Pn32.2%
Aviva M&G Global Div Pn31.4%
Stan Life M&G Global Dividend Pn31.2%
...more in PN Global Equities

Performance snapshot

Holdings snapshot

  • USA55.7%
    Others11.5%
    UK8.8%
    Switzerland8.4%
    France7.8%
  • Health Care18.4%
    Consumer Staples18.2%
    Financial Services13.7%
    Leisure9.5%
    Industrials8.2%
  • US Equities55.7%
    International Equities11.5%
    UK Equities8.8%
    Swiss Equities8.4%
    French Equities7.8%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-2.3%2.1%17.1%24.2%46.9%117%
Sector-1.9%2.7%15.4%17.8%32.6%78.7%
Rank within sector643 / 1039669 / 1035422 / 1025172 / 96191 / 84824 / 745
Quartile3rd3rd2nd1st1st1st
Calendar performance
 YTD - 20162015201420132012
Fund23.8%4.8%12.1%26.7%17.5%
Sector17.7%3.7%7.8%21.4%11.2%
Rank within sector181 / 963341 / 921133 / 849127 / 82029 / 752
Quartile1st2nd1st1st1st
Risk statistics
Alpha
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
2.82
Beta
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
1.12
Sharpe
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
0.97
Volatility
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
11.63
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
3.2
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
1.23
R-Squared
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
0.93
Price movement
52 week high269.1
52 week low192
Current bid price-
Current offer price-
Current mid price258.4
Region
1USA55.7%
2Others11.5%
3UK8.8%
4Switzerland8.4%
5France7.8%
6Germany6.4%
7Money Market1.4%
Industry sector
1Health Care18.4%
2Consumer Staples18.2%
3Financial Services13.7%
4Leisure9.5%
5Industrials8.2%
6Basic Materials6.5%
7Technology6.1%
8Services5.8%
9Retail5.5%
Asset type
1US Equities55.7%
2International Equities11.5%
3UK Equities8.8%
4Swiss Equities8.4%
5French Equities7.8%
6German Equities6.4%
7Money Market1.4%
Individual holdings
1Thermo Fisher Scientific Inc2.76%
2Time Warner Inc2.57%
3Nestle SA2.48%
4Bayer AG2.43%
5Honeywell International Inc2.39%
6Accenture PLC2.3%
7Visa Inc2.21%
8Reckitt Benckiser Group PLC2.2%
9Walt Disney Co2.06%
Management
Fund manager group
Friends Life
Fund manager company
Friends Life
Fund type
Pension Fund
Fund objective
MFS state that the fund’s objective is capital appreciation. The fund invests primarily in equity securities of companies located in developed and emerging market countries. The fund may invest in companies it believes to have above average earnings growth potential compared to other companies (growth companies), in companies it believes are undervalued compared to their perceived worth (value companies), or in a combination of growth and value companies. The fund generally focuses its investments in larger companies, but may invest in companies of any size. The fund may invest a relatively large percentage of the fund’s assets in a small number of countries and/or a particular geographic region. The fund may use derivatives for investment purposes and efficient portfolio management or risk reduction.
Benchmark
  • MSCI World
Investment style
No data available.
Investment method
No data available.
Fund managers
NameSinceBiography
Ben S.Kottler01/01/2006Ben Kottler, CFA, is an investment officer and an institutional equity portfolio manager of MFS Investment Management (MFS). He manages Global and European institutional portfolio strategies. As an institutional portfolio manager, he participates in the research process and strategy discussions. Additionally, Ben assesses portfolio risk, customizes each portfolio to align with client investment objectives and guidelines, and manages daily cash flow. He also assumes leadership in the communication of investment policy, strategy, and portfolio positioning. Ben also serves on the MFS Responsible Investment Committee. He is based in MFS' London office. Ben joined MFS in 2005 as an institutional investment specialist. In 2006, he was named institutional portfolio manager. Prior to working at MFS, Ben served four years as a senior international portfolio manager for State Street Global Advisors of Boston. Previous to that, he held positions as a European portfolio manager and analyst for Brown Brothers Harriman, New York, and served for seven years as a UK portfolio manager and analyst for NatWest Investment Management in London. Ben earned his bachelor's degree from the University of Durham. He has earned the right to use the Chartered Financial Analyst (CFA) designation. He is affiliated with the CFA Institute and the CFA Society of the UK. Our portfolio managers are supported by our entire team of investment professionals in nine worldwide offices. The team employs a proprietary investment process to build better insights for our clients. The core principles of our approach are integrated research, global collaboration, and active risk management.
Sanjay Natarajan31/05/2009Sanjay Natarajan is an Investment Officer and Institutional Portfolio Manager at MFS Investment Management (MFS). His responsibilities include communicating investment policy, strategy, and positioning and participating in the research process and strategy discussions. His role also includes assessing portfolio risk, customizing portfolios to client objectives and guidelines, and managing daily cash flows. In addition, he manages regional equity portfolios focused on Hong Kong and China. Natarajan joined MFS in 2007. Prior to joining MFS, he worked for DBS Bank Ltd. (Asia), having held various roles, including serving as COO of Global Corporate and Investment Banking. He also spent more than four years at McKinsey & Co., Inc., in both the United States and Asia. Previous experience also includes k1 Ventures and the Economic Development Board of the Singapore Government. He began his career in 1996. Natarajan holds a Bachelors degree from Dartmouth College and earned a Masters degree from Harvard University.
Roger Morley30/09/2009Roger M. Morley is an investment officer and a global equity portfolio manager of MFS Investment Management (MFS). He is a member of the European Growth Equity portfolio management team and co-manager of the firm's Global Concentrated Equity strategy. As an equity portfolio manager, Roger is responsible for the final buy and sell decisions, portfolio construction, and risk and cash management. Additionally, he participates in the research process and strategy discussions. Roger is based in MFS London office. Roger joined MFS as a research analyst in 2002. Prior to joining MFS, he worked in London for Deutsche Bank AG (formerly Bankers Trust Company and Alex. Brown & Sons), first as a financial analyst in the technology and media group and then as an associate in the health care group of the Global Investment Banking department. He is a graduate of Saint Catharine's College, University of Cambridge, where he earned an MA in history. Roger also earned a Master of Business Administration, graduating with distinction, from INSEAD in Fontainebleau, France. Our portfolio managers are supported by our entire team of investment professionals in nine worldwide offices. The team employs a proprietary investment process to build better insights for our clients. The core principles of our approach are integrated research, global collaboration, and active risk management.
David R. Mannheim17/03/1989David R. Mannheim Senior Vice President Director of Core Equity Portfolio Management and Portfolio Manager of Global Equity Mr. Mannheim joined MFS in 1988 as an Equity Research Analyst following non-U.S. securities. Promoted to Portfolio Manager in 1992.
Victoria Higley31/05/2014Victoria Higley, ASIP, is an investment officer and institutional equity portfolio manager at MFS Investment Management (MFS). As an institutional portfolio manager, she participates in the research process and strategy discussions, assesses portfolio risk, customizes portfolios to client objectives and guidelines, and manages daily cash flows. She is also responsible for communicating investment policy, strategy, and positioning. Victoria joined MFS in 2011. Previously, she spent three years at Fidelity International as a U.K. institutional client director and 14 years at UBS Asset Management (formerly Phillips & Drew) as a UK institutional client director, pan-European equity analyst, and UK portfolio manager. She began her career in the financial services industry in 1994. Victoria holds a bachelor's degree from Durham University. She is a regular member of the CFA Institute and the CFA Society of the UK. Our portfolio managers are supported by our entire team of investment professionals in nine worldwide offices. The team employs a proprietary investment process to build better insights for our clients. The core principles of our approach are integrated research, global collaboration, and active risk management.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
FL MFS Meridian Global Equity Pn
Initial charge-
Annual charge0.7%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.85%
Bid price-
Offer price-
Mid price258.4
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFZN8
FL MFS Meridian Global Equity Pn Inet
Initial charge-
Annual charge1.7%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.75%
Bid price-
Offer price-
Mid price227.27
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFZN9
Data provided by

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