Fact sheet: MFS Meridian Absolute Rtn

Fund information
Fund name
MFS Meridian Absolute Return A1 EUR
Fund manager company
MFS Meridian Funds
Fund type
Offshore Fund
Fund managers
  • Benjamin R. Nastousince 31/07/2011
  • Natalie I. Shapirosince 31/07/2011
  • James J. Calmassince 12/03/1999
Fund objective
The fund's investment objective is to seek total return, measured in U.S. dollars. Key points are a flexible, low volatility approach that aims to deliver positive returns, regardless of market conditions, over a full market cycle, by investing across and within multiple asset classes, absolute return investing may offer a lower correlated alternative to traditional fixed income or equity investing and Offers the potential to capitalize on long-term trends and short-term relative value opportunities in a dynamic global economic environment.
Benchmark
  • BofA Merrill Lynch 0-3 Month U.S. Treasury Bill Index
Investment style
Absolute Return
Investment method
None
Quick stats
1 Year return
1.9%
1 Year rank in sector
33/132
Sector
FO Absolute Return
Yield
-
Ongoing charge (OCF)
?A fund’s ongoing charges figure (OCF) is similar to the old-style total expense ratio. It reflects the annual charge to investors in the fund, in percentage terms, but does not include extra performance-related fees (where these are levied) or the fund’s trading expenses on its underlying investments.
1.5%
Fund size
£20m (£18m 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.
84
Top in this sector
Fund name1 Year
Pioneer SICV-AbsRetBd17.9%
Polar Capital UK Abs Eq10.3%
SW Mitchell Emerging European9.6%
Orbis Optimal SA9.4%
Orbis Optimal USD9.4%
...more in FO Absolute Return

Performance snapshot

Holdings snapshot

  • No data available.
  • Fixed Interest84.2%
    Cash & Cash Equivalents7.8%
    Others4.8%
    Equities2.2%
    Real Estate1%
  • Global Fixed Interest84.2%
    Cash & Cash Equivalents7.8%
    Others4.8%
    International Equities2.2%
    Property Shares1%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.5%4.3%7%1.9%24.7%25.7%
Sector-0.5%-0.4%0.4%-0.4%2.2%9.7%
Rank within sector24 / 1412 / 1416 / 13833 / 1321 / 8310 / 64
Quartile1st1st1st1st1st1st
Calendar performance
 YTD - 20162015201420132012
Fund6.6%6.3%11.4%-4.3%-
Sector0.1%0.7%1.2%3.6%3.9%
Rank within sector10 / 13219 / 1154 / 8867 / 7155 / 63
Quartile1st1st1st4th4th
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.
6.62
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.
1.05
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.
0.47
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%.
8.44
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.
8.21
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.
0.77
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.
0.05
Price movement
52 week high21.21
52 week low19.04
Current bid price-
Current offer price-
Current mid price21.02
Region
No data available.
Industry sector
1Fixed Interest84.17%
2Cash & Cash Equivalents7.79%
3Others4.78%
4Equities2.24%
5Real Estate1.02%
Asset type
1Global Fixed Interest84.17%
2Cash & Cash Equivalents7.79%
3Others4.78%
4International Equities2.24%
5Property Shares1.02%
Individual holdings
1Iboxx Usd Liquid High Yield Index Etrs JUN 20 179.88%
2United States Treasury Note 1.250 JAN 31 193.22%
3US Treasury Note 1.25% MAR 31 212.1%
4US Treasury Note 1.375% MAY 31 211.98%
5PNC Bank NA 1.6% JUN 01 181.81%
6Svenska Handelsbanken AB 2.875 APR 04 171.56%
7Verizon Communications Inc FRB JUN 17 191.56%
8CPPIB Capital Inc 144A 1.25% SEP 20 191.55%
9US Treasury Note 0.875% JUN 15 191.43%
Management
Fund manager group
MFS
Fund manager company
MFS Meridian Funds
Fund type
Offshore Fund
Fund objective
The fund's investment objective is to seek total return, measured in U.S. dollars. Key points are a flexible, low volatility approach that aims to deliver positive returns, regardless of market conditions, over a full market cycle, by investing across and within multiple asset classes, absolute return investing may offer a lower correlated alternative to traditional fixed income or equity investing and Offers the potential to capitalize on long-term trends and short-term relative value opportunities in a dynamic global economic environment.
Benchmark
  • BofA Merrill Lynch 0-3 Month U.S. Treasury Bill Index
Investment style
Absolute Return
Investment method
None
Fund managers
NameSinceBiography
Benjamin R. Nastou31/07/2011Benjamin R. Nastou, CFA, is an investment officer, portfolio manager and quantitative research analyst at MFS Investment Management® (MFS®). He is a member of the portfolio management teams of the firm's commodity and global multi-asset strategies. Ben joined MFS in 2000 as a fixed income research associate and was promoted to quantitative research analyst in 2003. He was named portfolio manager in 2010. Ben has a Bachelor's degree from Dartmouth College. He is a member of the Boston Security Analysts Society, Inc., and holds the Chartered Financial Analyst designation from the CFA Institute. 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.
Natalie I. Shapiro31/07/2011Natalie I. Shapiro, Ph.D. is an Investment Officer, Portfolio Manager and Quantitative Fixed Income Research Analyst at MFS Investment Management® (MFS®). Prior to joining MFS in 1997, Natalie served as a research associate for the Federal Reserve Bank of Boston. Natalie has earned a bachelor's degree from Wellesley College and a doctorate from the University of Pennsylvania.
James J. Calmas12/03/1999James J. Calmas is an Investment Officer of MFS Investment Management® and portfolio manager of the firm's strategic income, intermediate bond and limited maturity portfolios. He is a member of the MFS Fixed Income Strategy Group. Jim joined MFS in 1988 and was named portfolio manager in 1998. He is a graduate of Dartmouth College and holds an M.B.A. degree from the Amos Tuck School of Business Administration of Dartmouth College. All portfolio managers at MFS are supported by an investment staff of over 160 professionals utilizing MFS Original Research®, a global, issuer-oriented, bottom-up process of selecting securities.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Transparent for German Tax, Distributor Status, IA Recognised, Reporting Fund Status, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Austria, Belgium, Switzerland, Germany, Denmark, Spain, Finland, France, United Kingdom, Hong Kong, Ireland, Italy, Luxembourg, Netherlands, Norway, Offshore, Portugal, Singapore, Sweden
MFS Meridian Absolute Return A1 EUR
Initial charge6%
Annual charge0.75%
Min single investment£4,000
Min regular saving£4,000
Available in ISANo
Ongoing charge (OCF)1.5%
Total expense ratio (TER)1.5%
Bid price-
Offer price-
Mid price21.02
CurrencyEUR
Price updated30/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMK41
MFS Meridian Absolute Return A1 USD
Initial charge6%
Annual charge0.75%
Min single investment£5,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)1.5%
Total expense ratio (TER)1.5%
Bid price-
Offer price-
Mid price13.78
CurrencyUSD
Price updated30/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeTO51
MFS Meridian Absolute Return A2 USD
Initial charge6%
Annual charge0.75%
Min single investment£5,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)1.5%
Total expense ratio (TER)1.5%
Bid price-
Offer price-
Mid price11.04
CurrencyUSD
Price updated30/11/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeTO52
MFS Meridian Absolute Return AH1 EUR
Initial charge6%
Annual charge0.75%
Min single investment£4,000
Min regular saving£4,000
Available in ISANo
Ongoing charge (OCF)1.5%
Total expense ratio (TER)1.5%
Bid price-
Offer price-
Mid price9.39
CurrencyEUR
Price updated30/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code08VV
MFS Meridian Absolute Return B1 USD
Initial charge-
Annual charge0.75%
Min single investment£5,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)2.5%
Total expense ratio (TER)2.5%
Bid price-
Offer price-
Mid price12.4
CurrencyUSD
Price updated30/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeTO53
MFS Meridian Absolute Return B2 USD
Initial charge-
Annual charge0.75%
Min single investment£5,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)2.5%
Total expense ratio (TER)2.5%
Bid price-
Offer price-
Mid price10.87
CurrencyUSD
Price updated30/11/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeTO54
MFS Meridian Absolute Return C1 USD
Initial charge-
Annual charge0.75%
Min single investment£5,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)2.5%
Total expense ratio (TER)2.5%
Bid price-
Offer price-
Mid price12.42
CurrencyUSD
Price updated30/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeTO55
MFS Meridian Absolute Return C2 USD
Initial charge-
Annual charge0.75%
Min single investment£5,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)2.5%
Total expense ratio (TER)2.5%
Bid price-
Offer price-
Mid price10.83
CurrencyUSD
Price updated30/11/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeTO56
MFS Meridian Absolute Return I1 EUR
Initial charge-
Annual charge0.65%
Min single investment£2,000,000
Min regular saving£2,000,000
Available in ISANo
Ongoing charge (OCF)0.8%
Total expense ratio (TER)0.8%
Bid price-
Offer price-
Mid price168.73
CurrencyEUR
Price updated30/11/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeTO59
MFS Meridian Absolute Return I1 GBP
Initial charge-
Annual charge0.65%
Min single investment£1,500,000
Min regular saving£1,500,000
Available in ISANo
Ongoing charge (OCF)0.8%
Total expense ratio (TER)0.8%
Bid price-
Offer price-
Mid price169.37
CurrencyGBP
Price updated30/11/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeTO58
MFS Meridian Absolute Return I1 USD
Initial charge-
Annual charge0.65%
Min single investment£3,000,000
Min regular saving£3,000,000
Available in ISANo
Ongoing charge (OCF)0.8%
Total expense ratio (TER)0.8%
Bid price-
Offer price-
Mid price101.7
CurrencyUSD
Price updated30/11/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code08VW
MFS Meridian Absolute Return IH1 EUR
Initial charge-
Annual charge0.65%
Min single investment£2,000,000
Min regular saving£2,000,000
Available in ISANo
Ongoing charge (OCF)0.8%
Total expense ratio (TER)0.8%
Bid price-
Offer price-
Mid price99.73
CurrencyEUR
Price updated30/11/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code08VX
MFS Meridian Absolute Return N1 USD
Initial charge3%
Annual charge0.75%
Min single investment£5,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)2%
Total expense ratio (TER)2%
Bid price-
Offer price-
Mid price9.51
CurrencyUSD
Price updated30/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeIDJG
MFS Meridian Absolute Return N2 USD
Initial charge3%
Annual charge0.75%
Min single investment£5,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)2%
Total expense ratio (TER)2%
Bid price-
Offer price-
Mid price9.47
CurrencyUSD
Price updated30/11/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeIDJH
MFS Meridian Absolute Return W1 USD
Initial charge-
Annual charge0.7%
Min single investment£5,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)0.9%
Total expense ratio (TER)0.9%
Bid price-
Offer price-
Mid price10.12
CurrencyUSD
Price updated30/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code08VY
Data provided by

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