Fact sheet: MFS Meridian EM Dbt Lcl Curr

Fund information
Fund name
MFS Meridian Emerging Markets Debt Local Currency WH1 GBP
Fund manager company
MFS Meridian Funds
Fund type
Offshore Fund
Fund managers
  • Ward Brownsince 25/03/2009
  • Matthew W Ryansince 14/09/2011
Fund objective
The fund's investment objective is to seek total return, measured in US dollars.
Benchmark
  • JPMorgan Government Bond Index Emerging Markets Global Diversified Index
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
3%
1 Year rank in sector
-
Sector
FO Fixed Int - Emerging Markets
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.
1.15%
Fund size
£37m (£38m 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.
86
Top in this sector
Fund name1 Year
UBS (L)BdSIC-Brazil$40.5%
Pictet Lat Am Lcl Cur Dt33.9%
Rubrics Ind Fxd Inc UCITS32.2%
Pioneer SICV-Emg Mkt Bd29%
Schroder ISF EmgMktBd28.3%
...more in FO Fixed Int - Emerging Markets

Performance snapshot

Holdings snapshot

  • Brazil18.2%
    Russia12.7%
    South Africa12.5%
    Indonesia11.7%
    Colombia11.1%
  • Fixed Interest113.7%
    Cash & Cash Equivalents2.7%
    Equities-0.5%
    Others-15.9%
  • Brazilian Fixed Interest18.2%
    Russian Fixed Interest12.7%
    South African Fixed Interest12.5%
    Indonesian Fixed Interest11.7%
    American Emerging Fixed Interest11.1%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-7%-6.3%-0.4%3%--
Sector-4.2%-3.4%2.8%6%-0.2%6.2%
Rank within sector------
Quartile
Calendar performance
 YTD - 20162015201420132012
Fund6.6%----
Sector8.4%-7.3%-0.6%-7%14.7%
Rank within sector-----
Quartile
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.
-
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.
-
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.
-
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%.
-
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.
-
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.
-
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.
-
Price movement
52 week high9.8
52 week low7.99
Current bid price-
Current offer price-
Current mid price8.87
Region
1Brazil18.19%
2Russia12.68%
3South Africa12.49%
4Indonesia11.7%
5Colombia11.11%
6Turkey6.59%
7Poland6.29%
8Mexico5.7%
9Money Market5.62%
Industry sector
1Fixed Interest113.66%
2Cash & Cash Equivalents2.66%
3Equities-0.45%
4Others-15.87%
Asset type
1Brazilian Fixed Interest18.19%
2Russian Fixed Interest12.68%
3South African Fixed Interest12.49%
4Indonesian Fixed Interest11.7%
5American Emerging Fixed Interest11.11%
6Middle East & African Fixed Interest6.59%
7Polish Fixed Interest6.29%
8Mexican Fixed Interest5.7%
9Money Market5.62%
Individual holdings
1Brazil Notas do Tesouro Nacional Serie F 10.000 JAN 01 214.68%
2CZK IRS 2YR RECEIVER (JPM) 0.300 APR 26 184.05%
3South Africa Government Bond 7.000 FEB 28 314.03%
4Malaysia Government Bond 4.232% JUN 30 313.48%
5Russian Federal Bond - OFZ 7.5% MAR 15 183.4%
6Indonesia Treasury Bond 9.000 MAR 15 293.22%
7Russian Federal Bond - OFZ 7.5% FEB 27 193.15%
8South Africa Government Bond 6.500 FEB 28 412.95%
9South Africa Government Bond 10.500 Dec 21 262.72%
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 US dollars.
Benchmark
  • JPMorgan Government Bond Index Emerging Markets Global Diversified Index
Investment style
None
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Ward Brown25/03/2009Ward Brown is an Investment Officer and portfolio manager at MFS Investment Management (MFS). He is a member of the Emerging Markets Debt team, and his management duties include MFS Emerging Markets Debt Fund and institutional accounts in additional to 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 seven years. Ward spent four years as a research and teaching assistant for the Financial Markets Group at London School of Economics and Political Science and later served as a lecturer at the school in the Economics Department. Ward earned his bachelors degree from McGill University and holds masters and doctoral degrees in economics from the London School of Economics and Political Science. Our portfolio managers are supported by our entire team of investment professionals in six worldwide offices, who apply a proprietary investment process that is research driven, globally integrated, and disciplined.
Matthew W Ryan14/09/2011Matthew W. Ryan, CFA, is an investment officer of MFS Investment Management (MFS) and portfolio manager of the firm's emerging market debt, strategic income, and high-yield bond portfolios. He is also a manager of the MFS Diversified Income Fund. 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 of 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. 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
Transparent for Austrian Tax, Transparent for Swiss Tax, Transparent for German Tax, Distributor Status, IA Recognised, Reporting Fund Status, UCITS IV Compliant, UCITS V Compliant
Domicile
No data available.
Fund for sale in
Austria, Switzerland, Chile, Germany, Denmark, Spain, Finland, France, United Kingdom, Hong Kong, Ireland, Italy, Luxembourg, Netherlands, Norway, Offshore, Portugal, Singapore, Sweden
MFS Meridian Emerging Markets Debt Local Currency A1 EUR
Initial charge6%
Annual charge0.9%
Min single investment£4,000
Min regular saving£4,000
Available in ISANo
Ongoing charge (OCF)1.75%
Total expense ratio (TER)1.75%
Bid price-
Offer price-
Mid price14.51
CurrencyEUR
Price updated30/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF0A1
MFS Meridian Emerging Markets Debt Local Currency A1 USD
Initial charge6%
Annual charge0.9%
Min single investment£5,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)1.75%
Total expense ratio (TER)1.75%
Bid price-
Offer price-
Mid price11.36
CurrencyUSD
Price updated30/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF0A0
MFS Meridian Emerging Markets Debt Local Currency A2 USD
Initial charge6%
Annual charge0.9%
Min single investment£5,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)1.75%
Total expense ratio (TER)1.75%
Bid price-
Offer price-
Mid price7.68
CurrencyUSD
Price updated30/11/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeF0A2
MFS Meridian Emerging Markets Debt Local Currency A3 USD
Initial charge6%
Annual charge0.9%
Min single investment£5,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.75%
Total expense ratio (TER)1.75%
Bid price-
Offer price-
Mid price9.62
CurrencyUSD
Price updated30/11/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeE9FJ
MFS Meridian Emerging Markets Debt Local Currency B1 USD
Initial charge-
Annual charge0.9%
Min single investment£5,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)2.75%
Total expense ratio (TER)2.75%
Bid price-
Offer price-
Mid price10.54
CurrencyUSD
Price updated30/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF0A5
MFS Meridian Emerging Markets Debt Local Currency B2 USD
Initial charge-
Annual charge0.9%
Min single investment£5,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)2.75%
Total expense ratio (TER)2.75%
Bid price-
Offer price-
Mid price7.67
CurrencyUSD
Price updated30/11/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeF0A7
MFS Meridian Emerging Markets Debt Local Currency C1 USD
Initial charge-
Annual charge0.9%
Min single investment£5,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)2.75%
Total expense ratio (TER)2.75%
Bid price-
Offer price-
Mid price10.53
CurrencyUSD
Price updated30/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF0A8
MFS Meridian Emerging Markets Debt Local Currency C2 USD
Initial charge-
Annual charge0.9%
Min single investment£5,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)2.75%
Total expense ratio (TER)2.75%
Bid price-
Offer price-
Mid price7.67
CurrencyUSD
Price updated30/11/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeF0A9
MFS Meridian Emerging Markets Debt Local Currency C3 USD
Initial charge-
Annual charge0.9%
Min single investment£5,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.75%
Total expense ratio (TER)2.75%
Bid price-
Offer price-
Mid price9.55
CurrencyUSD
Price updated30/11/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeE9FK
MFS Meridian Emerging Markets Debt Local Currency I1 USD
Initial charge-
Annual charge0.8%
Min single investment£3,000,000
Min regular saving£3,000,000
Available in ISANo
Ongoing charge (OCF)1.05%
Total expense ratio (TER)1.05%
Bid price-
Offer price-
Mid price120.31
CurrencyUSD
Price updated30/11/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF0B0
MFS Meridian Emerging Markets Debt Local Currency IH1 GBP
Initial charge-
Annual charge0.8%
Min single investment£1,500,000
Min regular saving£1,500,000
Available in ISANo
Ongoing charge (OCF)1.05%
Total expense ratio (TER)1.05%
Bid price-
Offer price-
Mid price88.91
CurrencyGBP
Price updated30/11/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFS0I
MFS Meridian Emerging Markets Debt Local Currency N1 EUR
Initial charge3%
Annual charge0.9%
Min single investment£4,000
Min regular saving£4,000
Available in ISANo
Ongoing charge (OCF)2.25%
Total expense ratio (TER)2.25%
Bid price-
Offer price-
Mid price9.17
CurrencyEUR
Price updated30/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeIDHZ
MFS Meridian Emerging Markets Debt Local Currency N1 USD
Initial charge3%
Annual charge0.9%
Min single investment£5,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)2.25%
Total expense ratio (TER)2.25%
Bid price-
Offer price-
Mid price7.31
CurrencyUSD
Price updated30/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeIDIA
MFS Meridian Emerging Markets Debt Local Currency N2 USD
Initial charge3%
Annual charge0.9%
Min single investment£5,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)2.25%
Total expense ratio (TER)2.25%
Bid price-
Offer price-
Mid price6.09
CurrencyUSD
Price updated30/11/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeIDIB
MFS Meridian Emerging Markets Debt Local Currency N3 USD
Initial charge3%
Annual charge0.9%
Min single investment£5,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.25%
Total expense ratio (TER)2.25%
Bid price-
Offer price-
Mid price9.57
CurrencyUSD
Price updated30/11/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeE9FL
MFS Meridian Emerging Markets Debt Local Currency W1 USD
Initial charge-
Annual charge0.85%
Min single investment£5,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)1.15%
Total expense ratio (TER)1.15%
Bid price-
Offer price-
Mid price9.74
CurrencyUSD
Price updated30/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeIBJ8
MFS Meridian Emerging Markets Debt Local Currency W2 USD
Initial charge-
Annual charge0.85%
Min single investment£5,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)1.15%
Total expense ratio (TER)1.15%
Bid price-
Offer price-
Mid price6.31
CurrencyUSD
Price updated30/11/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeF22X
MFS Meridian Emerging Markets Debt Local Currency W3 USD
Initial charge-
Annual charge0.85%
Min single investment£5,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.15%
Total expense ratio (TER)1.15%
Bid price-
Offer price-
Mid price9.63
CurrencyUSD
Price updated30/11/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeE9FM
MFS Meridian Emerging Markets Debt Local Currency WH1 EUR
Initial charge-
Annual charge0.85%
Min single investment£4,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.15%
Total expense ratio (TER)1.15%
Bid price-
Offer price-
Mid price10.34
CurrencyEUR
Price updated30/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeE4AF
MFS Meridian Emerging Markets Debt Local Currency WH1 GBP
Initial charge-
Annual charge0.85%
Min single investment£2,500
Min regular saving£2,500
Available in ISANo
Ongoing charge (OCF)1.15%
Total expense ratio (TER)1.15%
Bid price-
Offer price-
Mid price8.87
CurrencyGBP
Price updated30/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFS0H
Data provided by

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You should be aware that prices may fall as well as rise and that the income derived can go down as well as up. When buying or selling any investment that fluctuates in price or value you may get back less than you invested. Past performance is not necessarily a guide to future performance.