Fact sheet: MFS Meridian European Value

Fund information
Fund name
MFS Meridian European Value W1 USD
Fund manager company
MFS Meridian Funds
Fund type
Offshore Fund
Fund managers
  • Pablo De La Matasince 31/08/2014
  • Benjamin Stonesince 01/11/2008
Fund objective
The fund's investment objective is to seek capital appreciation, measured in euros.
Benchmark
  • MSCI Europe
Investment style
Value
Investment method
Shares
Quick stats
1 Year return
-5.8%
1 Year rank in sector
-
Sector
FO Equity - Europe inc UK
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.
1.16%
Fund size
£5,504m (£6,490m 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.
94
Top in this sector
Fund name1 Year
SPL Parallel Private Equity IC27%
IVI European22.4%
GS Eur CORE Eq Portfolio17.5%
Mirabaud Eqts PanEur SmllMid16.2%
JOHCM European Sel Val13.7%
...more in FO Equity - Europe inc UK

Performance snapshot

Holdings snapshot

  • UK27.9%
    Germany19.5%
    Switzerland18.6%
    France15%
    Others12.1%
  • Consumer Staples29.2%
    Financial Services18.8%
    Services12.5%
    Technology11.9%
    Industrials11.3%
  • UK Equities27.9%
    German Equities19.5%
    Swiss Equities18.6%
    French Equities15%
    International Equities12.1%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-4.2%-10.6%-6.9%-5.8%1.2%50%
Sector0.1%-1%-1.9%-8.3%10.8%57.7%
Rank within sector------
Quartile
Calendar performance
 YTD - 20162015201420132012
Fund-4.9%4.8%-0.1%24.6%21.4%
Sector-5.2%11.1%4.2%21.1%17.6%
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.
-0.08
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.
0.68
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
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%.
11.37
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.
8.76
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.
-0.17
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.
0.53
Price movement
52 week high19.28
52 week low16.03
Current bid price-
Current offer price-
Current mid price16.86
Region
1UK27.9%
2Germany19.5%
3Switzerland18.6%
4France15%
5Others12.05%
6Netherlands4.7%
7Money Market2.25%
Industry sector
1Consumer Staples29.15%
2Financial Services18.8%
3Services12.5%
4Technology11.9%
5Industrials11.3%
6Basic Materials5.9%
7Health Care3.1%
8Leisure2.9%
9Cash & Cash Equivalents2.25%
Asset type
1UK Equities27.9%
2German Equities19.5%
3Swiss Equities18.6%
4French Equities15%
5International Equities12.05%
6Dutch Equities4.7%
7Money Market2.25%
Individual holdings
1Nestle SA5.85%
2Reckitt Benckiser Group PLC5.5%
3Danone SA4.35%
4Henkel AG & Co KGaA IPS3.66%
5Pernod Ricard SA3.15%
6Compass Group PLC3.08%
7Givaudan SA2.92%
8Amadeus IT Holding SA2.77%
9Deutsche Wohnen AG2.76%
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 euros.
Benchmark
  • MSCI Europe
Investment style
Value
Investment method
Shares
Fund managers
NameSinceBiography
Pablo De La Mata31/08/2014Pablo de la Mata, CFA, is an investment officer and equity research analyst at MFS Investment Management(MFS). He works closely with MFS' analysts and portfolio managers and is a member of the firm's international capital goods, health care and technology research teams. He is based in the firm's London office. Pablo joined MFS in 2008. He was previously employed as an equity research analyst at Magnetar Capital for one year and spent three years as an equity research analyst at Blackrock/Merrill Lynch Investment Managers. He was also employed as a wholesale support associate at Merrill Lynch for one year. He holds a Bachelor of Science degree in finance from Colegio Univeritario de Estudios Financieros (CUNEF) and 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.
Benjamin Stone01/11/2008Stone is an investment Officer of MFS. He is employed in the investment management area of MFS since 2005; Stone is a research analyst at Schroders Investment Management from 1997 to 2005.
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, Denmark, Spain, Finland, France, United Kingdom, Hong Kong, Ireland, Italy, Luxembourg, Netherlands, Norway, Offshore, Peru, Portugal, Singapore, Sweden, Taiwan - Province Of China
MFS Meridian European Value A1 EUR
Initial charge6%
Annual charge1.05%
Min single investment£4,000
Min regular saving£4,000
Available in ISANo
Ongoing charge (OCF)1.91%
Total expense ratio (TER)1.91%
Bid price-
Offer price-
Mid price35.42
CurrencyEUR
Price updated30/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMZ68
MFS Meridian European Value A1 GBP
Initial charge6%
Annual charge1.05%
Min single investment£2,500
Min regular saving£2,500
Available in ISANo
Ongoing charge (OCF)1.91%
Total expense ratio (TER)1.91%
Bid price-
Offer price-
Mid price29.41
CurrencyGBP
Price updated30/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeC7U5
MFS Meridian European Value A1 USD
Initial charge6%
Annual charge1.05%
Min single investment£5,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)1.91%
Total expense ratio (TER)1.91%
Bid price-
Offer price-
Mid price19.14
CurrencyUSD
Price updated30/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeTN74
MFS Meridian European Value AH1 CHF
Initial charge6%
Annual charge1.05%
Min single investment£4,500
Min regular saving£4,500
Available in ISANo
Ongoing charge (OCF)1.96%
Total expense ratio (TER)1.96%
Bid price-
Offer price-
Mid price14.24
CurrencyCHF
Price updated30/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeIDIU
MFS Meridian European Value AH1 USD
Initial charge6%
Annual charge1.05%
Min single investment£5,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)1.92%
Total expense ratio (TER)1.92%
Bid price-
Offer price-
Mid price13.31
CurrencyUSD
Price updated30/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFBDN
MFS Meridian European Value B1 USD
Initial charge-
Annual charge1.05%
Min single investment£5,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)2.66%
Total expense ratio (TER)2.66%
Bid price-
Offer price-
Mid price17.58
CurrencyUSD
Price updated30/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeTN77
MFS Meridian European Value I1 EUR
Initial charge-
Annual charge0.85%
Min single investment£2,000,000
Min regular saving£2,000,000
Available in ISANo
Ongoing charge (OCF)0.92%
Total expense ratio (TER)0.92%
Bid price-
Offer price-
Mid price243.48
CurrencyEUR
Price updated30/11/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeTN83
MFS Meridian European Value I1 GBP
Initial charge-
Annual charge0.85%
Min single investment£1,500,000
Min regular saving£1,500,000
Available in ISANo
Ongoing charge (OCF)0.92%
Total expense ratio (TER)0.92%
Bid price-
Offer price-
Mid price200.92
CurrencyGBP
Price updated30/11/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code08W0
MFS Meridian European Value I1 USD
Initial charge-
Annual charge0.85%
Min single investment£3,000,000
Min regular saving£3,000,000
Available in ISANo
Ongoing charge (OCF)0.92%
Total expense ratio (TER)0.92%
Bid price-
Offer price-
Mid price11.25
CurrencyUSD
Price updated30/11/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF9HL
MFS Meridian European Value IH1 CHF
Initial charge-
Annual charge0.85%
Min single investment£2,500,000
Min regular saving£2,500,000
Available in ISANo
Ongoing charge (OCF)1%
Total expense ratio (TER)1%
Bid price-
Offer price-
Mid price147.56
CurrencyCHF
Price updated30/11/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeIDIV
MFS Meridian European Value IH1 USD
Initial charge-
Annual charge0.85%
Min single investment£3,000,000
Min regular saving£3,000,000
Available in ISANo
Ongoing charge (OCF)0.92%
Total expense ratio (TER)0.92%
Bid price-
Offer price-
Mid price13.88
CurrencyUSD
Price updated30/11/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFBEV
MFS Meridian European Value N1 EUR
Initial charge3%
Annual charge1.05%
Min single investment£4,000
Min regular saving£4,000
Available in ISANo
Ongoing charge (OCF)2.41%
Total expense ratio (TER)2.41%
Bid price-
Offer price-
Mid price14.32
CurrencyEUR
Price updated30/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeIDIW
MFS Meridian European Value N1 USD
Initial charge3%
Annual charge1.05%
Min single investment£5,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)2.41%
Total expense ratio (TER)2.41%
Bid price-
Offer price-
Mid price11.39
CurrencyUSD
Price updated30/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeIDIX
MFS Meridian European Value W1 EUR
Initial charge-
Annual charge1.05%
Min single investment£4,000
Min regular saving£4,000
Available in ISANo
Ongoing charge (OCF)1.16%
Total expense ratio (TER)1.16%
Bid price-
Offer price-
Mid price13.62
CurrencyEUR
Price updated30/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFBDO
MFS Meridian European Value W1 GBP
Initial charge-
Annual charge1.05%
Min single investment£2,500
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.25%
Total expense ratio (TER)1.25%
Bid price-
Offer price-
Mid price11.26
CurrencyGBP
Price updated30/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeE4UM
MFS Meridian European Value W1 USD
Initial charge-
Annual charge1.05%
Min single investment£5,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)1.16%
Total expense ratio (TER)1.16%
Bid price-
Offer price-
Mid price16.86
CurrencyUSD
Price updated30/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeIBI5
MFS Meridian European Value WH1 CHF
Initial charge-
Annual charge1.05%
Min single investment£4,500
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.25%
Total expense ratio (TER)1.25%
Bid price-
Offer price-
Mid price10.04
CurrencyCHF
Price updated30/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeE9EQ
MFS Meridian European Value WH1 GBP
Initial charge-
Annual charge1.05%
Min single investment£2,500
Min regular saving£2,500
Available in ISANo
Ongoing charge (OCF)1.16%
Total expense ratio (TER)1.16%
Bid price-
Offer price-
Mid price15.56
CurrencyGBP
Price updated30/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMSU4
MFS Meridian European Value Z1 EUR
Initial charge-
Annual charge-
Min single investment£10,000,000
Min regular saving£10,000,000
Available in ISANo
Ongoing charge (OCF)0.08%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price193.06
CurrencyEUR
Price updated30/11/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeC7U6
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