Fact sheet: MFS Meridian Eurpn Sm Cos

Fund information
Fund name
MFS Meridian European Smaller Companies W1 EUR
Fund manager company
MFS Meridian Funds
Fund type
Offshore Fund
Fund managers
  • Sandeep Mehtasince 01/03/2016
  • Peter F. Fruzzettisince 05/11/2001
  • Gabrielle Gourgeysince 01/01/2015
Fund objective
The fund's investment objective is to seek capital appreciation, measured in euros. The fund invests primarily in European Economic Area equity securities of smaller companies.
Benchmark
  • MSCI Europe Small Mid Index
Investment style
Growth
Investment method
Shares
Quick stats
1 Year return
9.1%
1 Year rank in sector
-
Sector
FO Equity - Small Cap Europe
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.
1.25%
Fund size
£907m (£1,347m 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.
85
Top in this sector
Fund name1 Year
SEB 2 Estn Eur Sm Cap57.2%
Old Mutual Eur(ExUK)SmCo40.7%
Montanaro Europ Inc30.9%
Nordea 1 Nordic Eq Sm Cp29%
Pictet Small Cap Europe28.1%
...more in FO Equity - Small Cap Europe

Performance snapshot

Holdings snapshot

  • UK44.3%
    Others20.3%
    Germany14.5%
    Norway8.3%
    France6.2%
  • Services27.3%
    Consumer Staples13.9%
    Basic Materials12.2%
    Financial Services8.2%
    Leisure6.2%
  • UK Equities44.3%
    International Equities20.3%
    German Equities14.5%
    Norwegian Equities8.3%
    French Equities6.2%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.7%2.1%2.6%9.1%39.5%118.8%
Sector3.3%4.2%10%11.8%26.5%99.6%
Rank within sector------
Quartile
Calendar performance
 YTD - 20172016201520142013
Fund-0.2%0.1%22.7%14.5%22.3%
Sector1.5%1%23.6%3.2%29.7%
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.
4.73
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.
0.8
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.
0.76
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%.
11.24
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.
5.65
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.
0.52
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.
0.8
Price movement
52 week high15.58
52 week low13.29
Current bid price-
Current offer price-
Current mid price15.3
Region
1UK44.3%
2Others20.3%
3Germany14.5%
4Norway8.3%
5France6.2%
6Ireland4.7%
7Money Market1.7%
Industry sector
1Services27.3%
2Consumer Staples13.9%
3Basic Materials12.2%
4Financial Services8.2%
5Leisure6.2%
6Health Care6%
7Retail5.8%
8Industrials4.7%
9Technology4.7%
Asset type
1UK Equities44.3%
2International Equities20.3%
3German Equities14.5%
4Norwegian Equities8.3%
5French Equities6.2%
6Irish Equities4.7%
7Money Market1.7%
Individual holdings
1Bunzl PLC4.26%
2Compass Group PLC3.68%
3Symrise AG3.4%
4Bakkafrost P/F3.26%
5Croda International PLC2.58%
6Amadeus IT Holding SA2.35%
7LEG Immobilien AG2.11%
8Dignity plc2.09%
9Cerved Information Solutions SpA2.03%
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. The fund invests primarily in European Economic Area equity securities of smaller companies.
Benchmark
  • MSCI Europe Small Mid Index
Investment style
Growth
Investment method
Shares
Fund managers
NameSinceBiography
Sandeep Mehta01/03/2016Sandeep Mehta is an investment officer and equity portfolio manager at MFS Investment Management® (MFS®). He is a member of the portfolio management team for MFS European small cap equity strategy. He is responsible for final buy and sell decisions, portfolio construction and risk and cash management. He participates in the research process and strategy discussions. He is based in MFS London office. Sandeep joined MFS in 2008 as a research analyst and was named portfolio manager in 2016. Before joining the firm, he was an equity research analyst with Henderson Global Investors. He was previously a software engineer with Etouch Systems for two years and with VeriSign for three years. He also worked as an associate consultant at CITIL for two years. Sandeep earned a Bachelor of Science degree from the Institute of Technology BHU (India) and holds a Master of Business Administration degree from the London Business School. 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.
Peter F. Fruzzetti05/11/2001Peter Fruzzetti is an Investment Officer of MFS Investment Management® (MFS®) and a Portfolio Manager of the firm's international small cap portfolios. Peter joined MFS in 2000 as an equity research analyst. He was named portfolio manager in 2004. Prior to joining MFS he was an equity analyst with Fidelity Investments from 1993 to 1999. He is a graduate of Boston College. 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.
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.
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, Chile, Germany, Denmark, Spain, Finland, France, United Kingdom, Hong Kong, Ireland, Italy, Luxembourg, Netherlands, Norway, Offshore, Portugal, Singapore, Sweden, Taiwan - Province Of China
MFS Meridian European Smaller Companies A1 EUR
Initial charge6%
Annual charge1.05%
Min single investment£4,000
Min regular saving£4,000
Available in ISANo
Ongoing charge (OCF)1.99%
Total expense ratio (TER)1.99%
Bid price-
Offer price-
Mid price51.92
CurrencyEUR
Price updated13/01/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMC39
MFS Meridian European Smaller Companies A1 USD
Initial charge6%
Annual charge1.05%
Min single investment£5,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)1.98%
Total expense ratio (TER)1.98%
Bid price-
Offer price-
Mid price26.36
CurrencyUSD
Price updated13/01/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeTO88
MFS Meridian European Smaller Companies AH1 USD
Initial charge6%
Annual charge1.05%
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 price12.84
CurrencyUSD
Price updated13/01/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFOUL
MFS Meridian European Smaller Companies B1 USD
Initial charge-
Annual charge1.05%
Min single investment£5,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)2.73%
Total expense ratio (TER)2.73%
Bid price-
Offer price-
Mid price24.18
CurrencyUSD
Price updated13/01/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeTO89
MFS Meridian European Smaller Companies C1 USD
Initial charge-
Annual charge1.05%
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 price10.31
CurrencyUSD
Price updated13/01/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFQ7X
MFS Meridian European Smaller Companies CH1 USD
Initial charge-
Annual charge1.05%
Min single investment£5,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)2.78%
Total expense ratio (TER)2.78%
Bid price-
Offer price-
Mid price12.02
CurrencyUSD
Price updated13/01/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFPVZ
MFS Meridian European Smaller Companies 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)0.99%
Total expense ratio (TER)0.99%
Bid price-
Offer price-
Mid price336.98
CurrencyEUR
Price updated13/01/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeTO91
MFS Meridian European Smaller Companies 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)0.99%
Total expense ratio (TER)0.99%
Bid price-
Offer price-
Mid price12.24
CurrencyUSD
Price updated13/01/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFBEU
MFS Meridian European Smaller Companies 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)1%
Total expense ratio (TER)1%
Bid price-
Offer price-
Mid price113.01
CurrencyUSD
Price updated13/01/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFS0W
MFS Meridian European Smaller Companies N1 USD
Initial charge3%
Annual charge1.05%
Min single investment£5,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)2.48%
Total expense ratio (TER)2.48%
Bid price-
Offer price-
Mid price12.48
CurrencyUSD
Price updated13/01/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeIDIY
MFS Meridian European Smaller Companies NH1 USD
Initial charge3%
Annual charge1.05%
Min single investment£5,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)2.52%
Total expense ratio (TER)2.52%
Bid price-
Offer price-
Mid price12.09
CurrencyUSD
Price updated13/01/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFPUR
MFS Meridian European Smaller Companies W1 EUR
Initial charge-
Annual charge1.05%
Min single investment£4,000
Min regular saving£4,000
Available in ISANo
Ongoing charge (OCF)1.25%
Total expense ratio (TER)1.25%
Bid price-
Offer price-
Mid price15.3
CurrencyEUR
Price updated13/01/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFBDM
MFS Meridian European Smaller Companies W1 USD
Initial charge-
Annual charge1.05%
Min single investment£5,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)1.24%
Total expense ratio (TER)1.24%
Bid price-
Offer price-
Mid price10.65
CurrencyUSD
Price updated13/01/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFPVX
MFS Meridian European Smaller Companies WH1 USD
Initial charge-
Annual charge1.05%
Min single investment£5,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)1.25%
Total expense ratio (TER)1.25%
Bid price-
Offer price-
Mid price12.46
CurrencyUSD
Price updated13/01/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFPVY
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