Fact sheet: MFS Meridian Emg Mkts Eq

Fund information
Fund name
MFS Meridian Emerging Markets Equity W1 GBP
Fund manager company
MFS Meridian Funds
Fund type
Offshore Fund
Fund managers
  • Robert W Lausince 01/06/2009
  • Jose Luis Garciasince 10/10/2008
Fund objective
The fund's investment objective is to seek capital appreciation, measured in U.S. dollars. Globally diversified among emerging markets, focused on earnings prospects and valuations while considering rising revenues, expanding margins, and increasing cash flows. MFS locations within the Emerging Market areas allows for discovery of local opportunities such as on-site visits to corporate headquarters, manufacturing plants, clients, suppliers, etc. Discussions with Emerging Markets Debt team surrounding factors that aid investment choices in individual securities.
Benchmark
  • MSCI Emerging Markets
Investment style
Growth
Investment method
Shares
Quick stats
1 Year return
14.1%
1 Year rank in sector
150/258
Sector
FO Equity - 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.
1.35%
Fund size
£66m (£72m 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.
119
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...more in FO Equity - Emerging Markets

Performance snapshot

Holdings snapshot

  • Others41.3%
    China18%
    Korea10.7%
    Taiwan10.4%
    Hong Kong9.5%
  • Financial Services27.3%
    Technology26.5%
    Consumer Staples9.2%
    Retail6.8%
    Services6%
  • International Equities41.3%
    Chinese Equities18%
    South Korean Equities10.7%
    Taiwanese Equities10.4%
    Hong Kong Equities9.5%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund1.5%9%11.1%14.1%-6.1%7.8%
Sector0.6%10.1%11.6%11.8%-3.3%12.7%
Rank within sector119 / 264167 / 264156 / 260150 / 258150 / 206126 / 157
Quartile2nd3rd3rd3rd3rd4th
Calendar performance
 YTD - 20162015201420132012
Fund13%-12.2%-0.7%-6.9%12.4%
Sector14.2%-14.3%-1.4%-0.7%14.2%
Rank within sector162 / 259122 / 243106 / 218157 / 192132 / 163
Quartile3rd3rd2nd4th4th
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.
-1.75
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.
0.93
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.
-0.01
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%.
14.65
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.
6.22
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.
-0.31
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.
0.82
Price movement
52 week high9.03
52 week low6.88
Current bid price-
Current offer price-
Current mid price8.88
Region
1Others41.3%
2China18%
3Korea10.7%
4Taiwan10.4%
5Hong Kong9.5%
6India9.3%
7Money Market0.8%
Industry sector
1Financial Services27.3%
2Technology26.5%
3Consumer Staples9.2%
4Retail6.8%
5Services6%
6Energy5.4%
7Automobiles4.3%
8Utilities3.5%
9Basic Materials3.4%
Asset type
1International Equities41.3%
2Chinese Equities18%
3South Korean Equities10.7%
4Taiwanese Equities10.4%
5Hong Kong Equities9.5%
6Indian Equities9.3%
7Money Market0.8%
Individual holdings
1TAIWAN SEMICONDUCTOR MANUFAC COMMON STOCK5.23%
2SAMSUNG ELECTRONICS CO LTD COMMON STOCK4.64%
3Alibaba Group Holding Ltd ADR3.23%
4HOUSING DEVELOPMENT FINANCE COMMON STOCK3.16%
5CHINA CONSTRUCTION BANK-H COMMON STOCK2.69%
6Tencent Holdings Ltd2.56%
7Lukoil PJSC ADR2.19%
8Hon Hai Precision Industry Co Ltd1.93%
9Kotak Mahindra Bank Ltd1.86%
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 capital appreciation, measured in U.S. dollars. Globally diversified among emerging markets, focused on earnings prospects and valuations while considering rising revenues, expanding margins, and increasing cash flows. MFS locations within the Emerging Market areas allows for discovery of local opportunities such as on-site visits to corporate headquarters, manufacturing plants, clients, suppliers, etc. Discussions with Emerging Markets Debt team surrounding factors that aid investment choices in individual securities.
Benchmark
  • MSCI Emerging Markets
Investment style
Growth
Investment method
Shares
Fund managers
NameSinceBiography
Robert W Lau01/06/2009Robert W. Lau is an Investment Officer and portfolio manager for MFS Investment Management®. He is a member of the portfolio management team of MFS International New Discovery Fund. Robert joined the company in 2001. He served as a research analyst until assuming his current duties in July 2008. Previously, he was a portfolio manager for Goldman Sachs Asset Management from 1998 to 2001 and an equity analyst at J.P. Morgan Investment Management from 1996 to 1998. He earned a bachelor's of science degree from Massachusetts Institute of Technology and holds the Certified Financial Analyst designation. 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.
Jose Luis Garcia10/10/2008Garcia is a vice president of MFS, employed in the investment management area of MFS since 2002. Prior to that, he was a teh chief executive officer of TeleFonica B2B (Mexico City) from 2000 to 2002.
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, Chile, Germany, Spain, Finland, France, United Kingdom, Hong Kong, Ireland, Italy, Luxembourg, Netherlands, Norway, Offshore, Peru, Portugal, Singapore, Sweden, Taiwan - Province Of China
MFS Meridian Emerging Markets Equity A1 EUR
Initial charge6%
Annual charge1.15%
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 price12.96
CurrencyEUR
Price updated21/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeACM7
MFS Meridian Emerging Markets Equity A1 USD
Initial charge6%
Annual charge1.15%
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 price11.38
CurrencyUSD
Price updated21/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeACM8
MFS Meridian Emerging Markets Equity B1 USD
Initial charge-
Annual charge1.15%
Min single investment£5,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)3%
Total expense ratio (TER)3%
Bid price-
Offer price-
Mid price10.55
CurrencyUSD
Price updated21/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeACM6
MFS Meridian Emerging Markets Equity C1 USD
Initial charge-
Annual charge1.15%
Min single investment£5,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)3%
Total expense ratio (TER)3%
Bid price-
Offer price-
Mid price10.55
CurrencyUSD
Price updated21/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeACM5
MFS Meridian Emerging Markets Equity I1 EUR
Initial charge-
Annual charge0.95%
Min single investment£2,000,000
Min regular saving£2,000,000
Available in ISANo
Ongoing charge (OCF)1.2%
Total expense ratio (TER)1.2%
Bid price-
Offer price-
Mid price144.17
CurrencyEUR
Price updated21/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeACM3
MFS Meridian Emerging Markets Equity I1 GBP
Initial charge-
Annual charge0.95%
Min single investment£1,500,000
Min regular saving£1,500,000
Available in ISANo
Ongoing charge (OCF)1.2%
Total expense ratio (TER)1.2%
Bid price-
Offer price-
Mid price170.06
CurrencyGBP
Price updated21/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeACM2
MFS Meridian Emerging Markets Equity I1 USD
Initial charge-
Annual charge0.95%
Min single investment£3,000,000
Min regular saving£3,000,000
Available in ISANo
Ongoing charge (OCF)1.2%
Total expense ratio (TER)1.2%
Bid price-
Offer price-
Mid price126.44
CurrencyUSD
Price updated21/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeACM4
MFS Meridian Emerging Markets Equity IH1 GBP
Initial charge-
Annual charge0.95%
Min single investment£0
Min regular saving£1,500,000
Available in ISANo
Ongoing charge (OCF)1.2%
Total expense ratio (TER)1.2%
Bid price-
Offer price-
Mid price97.11
CurrencyGBP
Price updated21/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFS0R
MFS Meridian Emerging Markets Equity N1 USD
Initial charge3%
Annual charge1.15%
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 price8.24
CurrencyUSD
Price updated21/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeIDIZ
MFS Meridian Emerging Markets Equity W1 GBP
Initial charge-
Annual charge1.05%
Min single investment£2,500
Min regular saving£2,500
Available in ISANo
Ongoing charge (OCF)1.35%
Total expense ratio (TER)1.35%
Bid price-
Offer price-
Mid price8.88
CurrencyGBP
Price updated21/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMSU2
MFS Meridian Emerging Markets Equity W1 USD
Initial charge-
Annual charge1.05%
Min single investment£5,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)1.35%
Total expense ratio (TER)1.35%
Bid price-
Offer price-
Mid price9.67
CurrencyUSD
Price updated21/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFBEQ
MFS Meridian Emerging Markets Equity WH1 EUR
Initial charge-
Annual charge1.05%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.35%
Total expense ratio (TER)1.35%
Bid price-
Offer price-
Mid price10.99
CurrencyEUR
Price updated21/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeE4UE
MFS Meridian Emerging Markets Equity Z1 EUR
Initial charge-
Annual charge-
Min single investment£10,000,000
Min regular saving£10,000,000
Available in ISANo
Ongoing charge (OCF)0.25%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price112.76
CurrencyEUR
Price updated21/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF3XX
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