Fact sheet: MFS Meridian Glbl Hgh Yd

Fund information
Fund name
MFS Meridian Global High Yield WH1 GBP
Fund manager company
MFS Meridian Funds
Fund type
Offshore Fund
Fund managers
  • Matthew W Ryansince 31/08/2014
  • David P Colesince 01/02/1992
  • William J Adamssince 30/04/2011
Fund objective
The fund's investment objective is to seek total return, with an emphasis on high current income but also considering capital appreciation, measured in US dollars.
Benchmark
  • BofA Merrill Lynch Global High Yield Constrained Index USD Hedged
Investment style
High Yield
Investment method
None
Quick stats
1 Year return
8.9%
1 Year rank in sector
-
Sector
FO Fixed Int - Global High Yield
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.
0.9%
Fund size
£725m (£801m 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.
48
Top in this sector
Fund name1 Year
Pioneer SICV-Gbl Hi Yld30.1%
Natixis LoomsSyles HInc21.7%
T. Rowe Price GblHghIncBd12.8%
NN (L) Gl HYd12.2%
T. Rowe Price Gbl HiYld Bd12.2%
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Performance snapshot

Holdings snapshot

  • USA60.3%
    Others24.3%
    UK4.3%
    Canada3.7%
    Brazil3.1%
  • High Yield Bond80%
    Debt15.7%
    Investment Grade Corporate Bonds2.4%
    Others2.3%
    Cash & Cash Equivalents1.2%
  • US Fixed Interest60.3%
    Global Fixed Interest24.3%
    UK Fixed Interest4.3%
    Canadian Fixed Interest3.7%
    Brazilian Fixed Interest3.1%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.9%0.1%4.5%8.9%--
Sector-0%0.2%4.8%7.8%9%32.9%
Rank within sector------
Quartile
Calendar performance
 YTD - 20162015201420132012
Fund11.6%----
Sector9.7%-2.5%1.4%5.2%15.5%
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 high10.7
52 week low8.92
Current bid price-
Current offer price-
Current mid price10.49
Region
1USA60.3%
2Others24.3%
3UK4.3%
4Canada3.7%
5Brazil3.1%
6Germany3.1%
7Money Market1.2%
Industry sector
1High Yield Bond80%
2Debt15.7%
3Investment Grade Corporate Bonds2.4%
4Others2.3%
5Cash & Cash Equivalents1.2%
6Equities0.3%
7Government Bonds-1.9%
Asset type
1US Fixed Interest60.3%
2Global Fixed Interest24.3%
3UK Fixed Interest4.3%
4Canadian Fixed Interest3.7%
5Brazilian Fixed Interest3.1%
6German Fixed Interest3.1%
7Money Market1.2%
Individual holdings
1Telecom Italia SpA 144A 5.303 MAY 30 240.8%
2Bank of America Corp FRB DEC 29 490.64%
3CNH Industrial Finance Europe SA RegS 2.875% MAY 17 230.58%
4Grupo Posadas SAB de CV RegS 7.875% JUN 30 220.53%
5MTS International Funding Ltd RegS 5.000 MAY 30 230.53%
6Royal Bank of Scotland Group PLC RegS FRB MAR 25 240.53%
7BPCE SA 144A FRB SEP 30 590.52%
8Grupo Cementos de Chihuahua SAB de CV RegS 8.125 FEB 08 200.52%
9Altice Financing SA 144A 6.625 FEB 15 230.51%
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, with an emphasis on high current income but also considering capital appreciation, measured in US dollars.
Benchmark
  • BofA Merrill Lynch Global High Yield Constrained Index USD Hedged
Investment style
High Yield
Investment method
None
Fund managers
NameSinceBiography
Matthew W Ryan31/08/2014Matthew 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.
David P Cole01/02/1992Cole is a vice president of MFS. He has worked in the investment management area of MFS since 2004. Prior to that, he is a high yield analyst at Franklin Templeton Investments from 1999 to 2004. Cole holds the Chartered Financial Analyst designation.
William J Adams30/04/2011William J. Adams, CFA, is an investment officer and Director of Fixed Income at MFS Investment Management® (MFS®). Bill's responsibilities include managing MFS' team of fixed income research analysts as well as serving on the portfolio management team of several of the firm's fixed income strategies. Bill joined MFS as a corporate credit analyst in 1997 and was named portfolio manager in 2000. He left MFS in 2005 and later re-joined the firm in 2009 as Director of High Yield Research. The following year, he was appointed Director of Credit Research. He was named high yield portfolio manager in May 2011. In 2011, he was appointed Director of Fixed Income along with Joshua Marston. During his tenure at MFS, Bill's coverage responsibilities have varied across a number of sectors, including industrials, media, cable, telecommunication, retail, and consumer products. As a portfolio manager, his portfolios have invested across a variety of both investment grade and high yield corporate bond securities. Prior to joining MFS, Bill was a credit/securities analyst at Conseco Capital Management from 1994 to 1997, where his responsibilities included investment grade and high yield credit, as well as equity coverage. From 1991 to 1994, he served as a lending officer at Mellon Bank. Bill received a Bachelor of Arts degree in 1988 from LaSalle University. In 1990, he was awarded a Master of Arts degree from Indiana University where he also received an MBA in 1991. He has earned the chartered financial analyst (CFA) designation from the CFA Institute and is a member of the Boston Security Analysts Society. 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, Chile, Germany, Denmark, Spain, Finland, France, United Kingdom, Gulf Cooperation Council, Hong Kong, Ireland, Italy, Luxembourg, Netherlands, Norway, Offshore, Peru, Portugal, Singapore, Sweden, Taiwan - Province Of China
MFS Meridian Global High Yield A1 EUR
Initial charge6%
Annual charge0.75%
Min single investment£4,000
Min regular saving£4,000
Available in ISANo
Ongoing charge (OCF)1.43%
Total expense ratio (TER)1.43%
Bid price-
Offer price-
Mid price18.04
CurrencyEUR
Price updated02/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code08W5
MFS Meridian Global High Yield A1 USD
Initial charge6%
Annual charge0.75%
Min single investment£5,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)1.43%
Total expense ratio (TER)1.43%
Bid price-
Offer price-
Mid price26.34
CurrencyUSD
Price updated02/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMK61
MFS Meridian Global High Yield A2 EUR
Initial charge6%
Annual charge0.75%
Min single investment£4,000
Min regular saving£4,000
Available in ISANo
Ongoing charge (OCF)1.43%
Total expense ratio (TER)1.43%
Bid price-
Offer price-
Mid price13.43
CurrencyEUR
Price updated02/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi code08W6
MFS Meridian Global High Yield A2 USD
Initial charge6%
Annual charge0.75%
Min single investment£5,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)1.43%
Total expense ratio (TER)1.43%
Bid price-
Offer price-
Mid price5.78
CurrencyUSD
Price updated02/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeMK62
MFS Meridian Global High Yield A3 USD
Initial charge6%
Annual charge0.75%
Min single investment£5,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)1.48%
Total expense ratio (TER)1.48%
Bid price-
Offer price-
Mid price5.72
CurrencyUSD
Price updated02/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFXQW
MFS Meridian Global High Yield AH2 EUR
Initial charge6%
Annual charge0.75%
Min single investment£4,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)1.5%
Total expense ratio (TER)1.5%
Bid price-
Offer price-
Mid price9.95
CurrencyEUR
Price updated02/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFXRC
MFS Meridian Global High Yield AH3 EUR
Initial charge6%
Annual charge0.75%
Min single investment£4,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)1.5%
Total expense ratio (TER)1.5%
Bid price-
Offer price-
Mid price9.76
CurrencyEUR
Price updated02/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFXQX
MFS Meridian Global High Yield B1 USD
Initial charge-
Annual charge0.75%
Min single investment£5,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)2.43%
Total expense ratio (TER)2.43%
Bid price-
Offer price-
Mid price22.42
CurrencyUSD
Price updated02/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMK63
MFS Meridian Global High Yield B2 USD
Initial charge-
Annual charge0.75%
Min single investment£5,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)2.43%
Total expense ratio (TER)2.43%
Bid price-
Offer price-
Mid price5.82
CurrencyUSD
Price updated02/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeMK53
MFS Meridian Global High Yield C1 USD
Initial charge-
Annual charge0.75%
Min single investment£5,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)2.43%
Total expense ratio (TER)2.43%
Bid price-
Offer price-
Mid price21.96
CurrencyUSD
Price updated02/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeTY90
MFS Meridian Global High Yield C2 USD
Initial charge-
Annual charge0.75%
Min single investment£5,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)2.43%
Total expense ratio (TER)2.43%
Bid price-
Offer price-
Mid price5.84
CurrencyUSD
Price updated02/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeTY91
MFS Meridian Global High Yield C3 USD
Initial charge-
Annual charge0.75%
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 price5.71
CurrencyUSD
Price updated02/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFXQY
MFS Meridian Global High Yield I1 USD
Initial charge-
Annual charge0.65%
Min single investment£3,000,000
Min regular saving£3,000,000
Available in ISANo
Ongoing charge (OCF)0.79%
Total expense ratio (TER)0.79%
Bid price-
Offer price-
Mid price184.19
CurrencyUSD
Price updated02/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeTO14
MFS Meridian Global High Yield IH1 GBP
Initial charge-
Annual charge0.65%
Min single investment£1,500,000
Min regular saving£1,500,000
Available in ISANo
Ongoing charge (OCF)0.8%
Total expense ratio (TER)0.8%
Bid price-
Offer price-
Mid price105.09
CurrencyGBP
Price updated02/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFS0K
MFS Meridian Global High Yield N1 USD
Initial charge3%
Annual charge0.75%
Min single investment£5,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)1.94%
Total expense ratio (TER)1.94%
Bid price-
Offer price-
Mid price10.9
CurrencyUSD
Price updated02/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeIDHP
MFS Meridian Global High Yield N2 USD
Initial charge3%
Annual charge0.75%
Min single investment£5,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)1.94%
Total expense ratio (TER)1.94%
Bid price-
Offer price-
Mid price9.17
CurrencyUSD
Price updated02/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeIDHQ
MFS Meridian Global High Yield N3 USD
Initial charge3%
Annual charge0.75%
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 price9.02
CurrencyUSD
Price updated02/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFXQZ
MFS Meridian Global High Yield W1 USD
Initial charge-
Annual charge0.7%
Min single investment£5,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)0.89%
Total expense ratio (TER)0.89%
Bid price-
Offer price-
Mid price15.52
CurrencyUSD
Price updated02/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeIBJ4
MFS Meridian Global High Yield W2 USD
Initial charge-
Annual charge0.7%
Min single investment£5,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)0.88%
Total expense ratio (TER)0.88%
Bid price-
Offer price-
Mid price9.37
CurrencyUSD
Price updated02/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeF23C
MFS Meridian Global High Yield W3 USD
Initial charge-
Annual charge0.7%
Min single investment£5,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)0.9%
Total expense ratio (TER)0.9%
Bid price-
Offer price-
Mid price9.34
CurrencyUSD
Price updated02/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFXRA
MFS Meridian Global High Yield WH1 EUR
Initial charge-
Annual charge0.7%
Min single investment£4,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.9%
Total expense ratio (TER)0.9%
Bid price-
Offer price-
Mid price10.84
CurrencyEUR
Price updated02/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeE4AU
MFS Meridian Global High Yield WH1 GBP
Initial charge-
Annual charge0.7%
Min single investment£2,500
Min regular saving£2,500
Available in ISANo
Ongoing charge (OCF)0.9%
Total expense ratio (TER)0.9%
Bid price-
Offer price-
Mid price10.49
CurrencyGBP
Price updated02/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFS0J
MFS Meridian Global High Yield WH2 EUR
Initial charge-
Annual charge0.7%
Min single investment£4,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.9%
Total expense ratio (TER)0.9%
Bid price-
Offer price-
Mid price10.26
CurrencyEUR
Price updated02/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeE4AV
MFS Meridian Global High Yield WH2 GBP
Initial charge-
Annual charge0.7%
Min single investment£2,500
Min regular saving£2,500
Available in ISANo
Ongoing charge (OCF)0.9%
Total expense ratio (TER)0.9%
Bid price-
Offer price-
Mid price10
CurrencyGBP
Price updated02/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFXRD
MFS Meridian Global High Yield WH3 EUR
Initial charge-
Annual charge0.7%
Min single investment£4,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.9%
Total expense ratio (TER)0.9%
Bid price-
Offer price-
Mid price10.17
CurrencyEUR
Price updated02/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeE4AW
MFS Meridian Global High Yield WH3 GBP
Initial charge-
Annual charge0.7%
Min single investment£2,500
Min regular saving£2,500
Available in ISANo
Ongoing charge (OCF)0.9%
Total expense ratio (TER)0.9%
Bid price-
Offer price-
Mid price9.89
CurrencyGBP
Price updated02/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFXRB
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.