Fact sheet: MFS Meridian Europn Core Eq

Fund information
Fund name
MFS Meridian European Core Equity W1 EUR
Fund manager company
MFS Meridian Funds
Fund type
Offshore Fund
Fund managers
  • Gabrielle Gourgeysince 01/01/2015
  • Roger Morleysince 31/05/2008
Fund objective
The fund's investment objective is capital appreciation, measured in euros. Selects European equity securities perceived by MFS as having above average growth utilizing a 'growth at a reasonable price' strategy. Country and sector exposures driven by bottom-up stock selection, not top down allocation. Long-term investors assess investment opportunities over a 3-5+ year time horizon. Focuses on quality of business model by selecting companies with what we believe have enduring competitive advantages and strong management teams, high returns on capital and significant free cash generation, and who can compound growth and intrinsic value at above-average rates.
Benchmark
  • MSCI Europe
Investment style
Growth
Investment method
Shares
Quick stats
1 Year return
-4.9%
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%
Fund size
£17m (£26m 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.
100
Top in this sector
Fund name1 Year
SPL Parallel Private Equity IC27%
IVI European23.3%
GS Eur CORE Eq Portfolio20.7%
JOHCM European Sel Val16%
EP Pan European Opportunities14.3%
...more in FO Equity - Europe inc UK

Performance snapshot

Holdings snapshot

  • UK29.2%
    Germany20.6%
    France17.7%
    Others16.6%
    Switzerland8.1%
  • Financial Services25.2%
    Consumer Staples21.1%
    Services12%
    Basic Materials10.5%
    Retail8.1%
  • UK Equities29.2%
    German Equities20.6%
    French Equities17.7%
    International Equities16.6%
    Swiss Equities8.1%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.6%-5.2%-0.8%-4.9%25.5%86.7%
Sector3.3%-1.8%-0.9%-5.4%14.5%57.8%
Rank within sector------
Quartile
Calendar performance
 YTD - 20162015201420132012
Fund-2.9%16.5%7.2%--
Sector-4.4%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.
4.04
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.
0.31
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%.
12.46
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.
5.27
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.
0.7
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.
0.83
Price movement
52 week high13.41
52 week low11.24
Current bid price-
Current offer price-
Current mid price12.7
Region
1UK29.2%
2Germany20.6%
3France17.7%
4Others16.63%
5Switzerland8.1%
6Netherlands6.6%
7Money Market1.17%
Industry sector
1Financial Services25.23%
2Consumer Staples21.1%
3Services12%
4Basic Materials10.5%
5Retail8.1%
6Leisure6.2%
7Industrials5.6%
8Health Care5.3%
9Automobiles2.9%
Asset type
1UK Equities29.2%
2German Equities20.6%
3French Equities17.7%
4International Equities16.63%
5Swiss Equities8.1%
6Dutch Equities6.6%
7Money Market1.17%
Individual holdings
1Pernod Ricard SA3.74%
2Reckitt Benckiser Group PLC3.02%
3Deutsche Annington Immobilien SE2.89%
4Danone SA2.87%
5WPP PLC2.61%
6Akzo Nobel NV2.56%
7Diageo PLC2.54%
8Nestle SA2.5%
9LVMH Moet Hennessy Louis Vuitton SA2.47%
Management
Fund manager group
MFS
Fund manager company
MFS Meridian Funds
Fund type
Offshore Fund
Fund objective
The fund's investment objective is capital appreciation, measured in euros. Selects European equity securities perceived by MFS as having above average growth utilizing a 'growth at a reasonable price' strategy. Country and sector exposures driven by bottom-up stock selection, not top down allocation. Long-term investors assess investment opportunities over a 3-5+ year time horizon. Focuses on quality of business model by selecting companies with what we believe have enduring competitive advantages and strong management teams, high returns on capital and significant free cash generation, and who can compound growth and intrinsic value at above-average rates.
Benchmark
  • MSCI Europe
Investment style
Growth
Investment method
Shares
Fund managers
NameSinceBiography
Gabrielle Gourgey01/01/2015Gabrielle Gourgey was named an Investment Officer and Institutional Portfolio Manager of MFS Investment Management in 2007. She participates in the research process and strategy discussions, assesses portfolio risk, customizes portfolios to client objectives and guidelines, and manages daily cash flows. Gabrielle's responsibilities include communicating the investment policy, strategy, and positioning of the portfolio to clients globally. Joining MFS in 2006, Gabrielle previously spent 8 years as a Sales Specialist at Merrill Lynch and 2 years as Sales / Institutional Equity at CIBC Oppenheimer. She graduated from Bristol University, BA with honors.
Roger Morley31/05/2008Roger 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.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Transparent for German Tax, 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 European Core Equity A1 EUR
Initial charge6%
Annual charge1.05%
Min single investment£4,000
Min regular saving£4,000
Available in ISANo
Ongoing charge (OCF)2.05%
Total expense ratio (TER)2.05%
Bid price-
Offer price-
Mid price30.25
CurrencyEUR
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMZ56
MFS Meridian European Core Equity A1 USD
Initial charge6%
Annual charge1.05%
Min single investment£5,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)2.05%
Total expense ratio (TER)2.05%
Bid price-
Offer price-
Mid price18.72
CurrencyUSD
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeTO96
MFS Meridian European Core Equity B1 USD
Initial charge-
Annual charge1.05%
Min single investment£5,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)2.8%
Total expense ratio (TER)2.8%
Bid price-
Offer price-
Mid price17.22
CurrencyUSD
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeTO97
MFS Meridian European Core Equity C1 USD
Initial charge-
Annual charge1.05%
Min single investment£5,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)2.8%
Total expense ratio (TER)2.8%
Bid price-
Offer price-
Mid price9.5
CurrencyUSD
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFPVC
MFS Meridian European Core Equity CH1 USD
Initial charge-
Annual charge1.05%
Min single investment£5,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)2.8%
Total expense ratio (TER)2.8%
Bid price-
Offer price-
Mid price10.95
CurrencyUSD
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFPVD
MFS Meridian European Core Equity I1 EUR
Initial charge-
Annual charge0.75%
Min single investment£2,000,000
Min regular saving£2,000,000
Available in ISANo
Ongoing charge (OCF)0.9%
Total expense ratio (TER)0.9%
Bid price-
Offer price-
Mid price237
CurrencyEUR
Price updated06/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeTN99
MFS Meridian European Core Equity I1 GBP
Initial charge-
Annual charge0.75%
Min single investment£1,500,000
Min regular saving£1,500,000
Available in ISANo
Ongoing charge (OCF)0.9%
Total expense ratio (TER)0.9%
Bid price-
Offer price-
Mid price201.96
CurrencyGBP
Price updated06/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code08VZ
MFS Meridian European Core Equity I1 USD
Initial charge-
Annual charge0.75%
Min single investment£3,000,000
Min regular saving£3,000,000
Available in ISANo
Ongoing charge (OCF)0.9%
Total expense ratio (TER)0.9%
Bid price-
Offer price-
Mid price10.27
CurrencyUSD
Price updated06/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFBET
MFS Meridian European Core Equity N1 USD
Initial charge3%
Annual charge1.05%
Min single investment£5,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)2.55%
Total expense ratio (TER)2.55%
Bid price-
Offer price-
Mid price9.55
CurrencyUSD
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFPUZ
MFS Meridian European Core Equity NH1 USD
Initial charge3%
Annual charge1.05%
Min single investment£5,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)2.55%
Total expense ratio (TER)2.55%
Bid price-
Offer price-
Mid price11.02
CurrencyUSD
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFPVA
MFS Meridian European Core Equity W1 EUR
Initial charge-
Annual charge0.8%
Min single investment£4,000
Min regular saving£4,000
Available in ISANo
Ongoing charge (OCF)1%
Total expense ratio (TER)1%
Bid price-
Offer price-
Mid price12.7
CurrencyEUR
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFBEN
MFS Meridian European Core Equity W1 GBP
Initial charge-
Annual charge0.8%
Min single investment£2,500
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1%
Total expense ratio (TER)1%
Bid price-
Offer price-
Mid price11.16
CurrencyGBP
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeE4AX
MFS Meridian European Core Equity W1 USD
Initial charge-
Annual charge0.8%
Min single investment£5,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)1%
Total expense ratio (TER)1%
Bid price-
Offer price-
Mid price9.86
CurrencyUSD
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFPVB
MFS Meridian European Core Equity WH1 GBP
Initial charge-
Annual charge0.8%
Min single investment£2,500
Min regular saving£2,500
Available in ISANo
Ongoing charge (OCF)1%
Total expense ratio (TER)1%
Bid price-
Offer price-
Mid price15.1
CurrencyGBP
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMSV2
Data provided by

The Content is only for your general information and use and is not intended to address your particular requirements. The Content does not constitute any form of advice, recommendation or arrangement by Moneywise and is not intended to be relied upon by you in making (or refraining from making) any specific investment or other decisions. Appropriate independent advice should be obtained before making any such decision.

This information is sourced from our partner Financial Express. We believe the data to be correct however you should take care in using any information.

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.