Fact sheet: MFS Meridian Global Credit

Fund information
Fund name
MFS Meridian Global Credit W1 GBP
Fund manager company
MFS Meridian Funds
Fund type
Offshore Fund
Fund managers
  • Robert M. Hallsince 21/12/2009
  • Robert D Personssince 30/09/2014
  • Pilar Gomez-Bravosince 30/09/2014
Fund objective
The fund's investment objective is to seek total return with an emphasis on current income, but also considering capital appreciation, measured in US dollars.
Benchmark
  • Barclays Global Aggregate Credit Index Unhedged USD
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
4%
1 Year rank in sector
-
Sector
FO Fixed Int - Global
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.
0.75%
Fund size
£22m (£18m 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.
51
Top in this sector
Fund name1 Year
Capital Group GHIOL35.6%
Dodge & Cox Global Bond26.5%
SKAGEN Tellus24.9%
Morg Stnly Gbl Mrtg Securts24.4%
HSBC GIF Gbl AsBk Bd24.3%
...more in FO Fixed Int - Global

Performance snapshot

Holdings snapshot

  • USA70.5%
    Others9.2%
    UK5.6%
    France4.1%
    Money Market3.8%
  • Investment Grade Corporate Bonds70.5%
    High Yield Bond20.3%
    Cash & Cash Equivalents3.8%
    Government Bonds3.6%
    Asset/Mortgage-Backed Securities1%
  • US Fixed Interest70.5%
    Global Fixed Interest9.2%
    UK Fixed Interest5.6%
    French Fixed Interest4.1%
    Money Market3.8%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-2.3%-4.7%-2.1%4%7.1%0.5%
Sector-1.7%-2.3%0.6%3.4%6%13.5%
Rank within sector------
Quartile
Calendar performance
 YTD - 20162015201420132012
Fund5.4%-4%8%-9.4%0.2%
Sector4%-1.6%3.7%-1.6%8.2%
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.
-1.05
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.
1.77
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%.
6.69
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
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.
0.04
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.
0.54
Price movement
52 week high11.51
52 week low10.26
Current bid price-
Current offer price-
Current mid price10.94
Region
1USA70.5%
2Others9.2%
3UK5.6%
4France4.1%
5Money Market3.8%
6Germany3.7%
7Canada3.1%
Industry sector
1Investment Grade Corporate Bonds70.5%
2High Yield Bond20.3%
3Cash & Cash Equivalents3.8%
4Government Bonds3.6%
5Asset/Mortgage-Backed Securities1%
6Debt0.8%
Asset type
1US Fixed Interest70.5%
2Global Fixed Interest9.2%
3UK Fixed Interest5.6%
4French Fixed Interest4.1%
5Money Market3.8%
6German Fixed Interest3.7%
7Canadian Fixed Interest3.1%
Individual holdings
1US Treasury Note 1.375% AUG 31 232.13%
2PepsiCo Inc 2.15% OCT 14 201.76%
3Medtronic Inc 3.5% MAR 15 251.31%
4Goldman Sachs Group Inc/The 5.750 JAN 24 221.11%
5PNC Bank NA 2.6% JUL 21 201.11%
6Comcast Corp 2.75% MAR 01 231.1%
7Bank of America NA 1.750 JUN 05 181.09%
8LyondellBasell Industries NV 5.750 APR 15 241.01%
9Arion Banki HF RegS 2.5% APR 26 191%
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 current income, but also considering capital appreciation, measured in US dollars.
Benchmark
  • Barclays Global Aggregate Credit Index Unhedged USD
Investment style
None
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Robert M. Hall21/12/2009Robert M. Hall, Jr., is an investment officer and institutional portfolio manager at MFS Investment Management. In addition to carrying out his portfolio management responsibilities, Rob communicates investment policy, strategy, and positioning to institutional and retail clients around the world. Rob joined MFS in 1994 as a marketing associate for MFS Institutional Advisors, Inc., and later became responsible for client service for the firm's non-U.S. separate account clients. He formerly served as a vice president of marketing at MFS International Ltd., a subsidiary of MFS. During his tenure he served as the division's senior product manager, providing information about fund positioning and strategy and serving as a liaison with portfolio management. Rob graduated from Gordon College with a bachelor's degree. He earned a master's degree in education from the University of Massachusetts, Lowell. 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.
Robert D Persons30/09/2014Persons is the vice president of MFS. He has been employed in the investment management area of MFS since 2000. Prior to 2000 Persons was a bond analyst/portfolio manager at Scudder Kemper Investments
Pilar Gomez-Bravo30/09/2014Ms. Pilar Gomez-Bravo, CFA serves as Portfolio Manager at MFS Meridian Funds - Global Credit Fund, MFS Multimarket Income Trust , MFS Series Trust X - MFS Global Bond Fund and MFS Variable Insurance Trust II - MFS Global Tactical Allocation Portfolio. Ms. Gomez-Bravo has been Portfolio Manager at MFS Meridian Funds - Global Total Return Fund and MFS Series Trust VI - MFS Global Total Return Fund since 2013. She has been Portfolio Manager at MFS Charter Income Trust since August 1, 2013. She serves as a Fixed Income Portfolio Manager and Investment Officer at Massachusetts Financial Services Company. She has credit research responsibilities at Massachusetts Financial Services Company, mainly focusing on the European financial sector. She joined Massachusetts Financial Services Company in 2013. Prior to this, she served as a Managing Director at Imperial Capital. She served as the Head of Research and Portfolio Manager at Negentropy Capital, within Matrix Asset Management. Ms. Gomez-Bravo also co-founded Marengo Asset Management. From 2006 through 2010, she served as a Senior Portfolio Manager and Head of Credit, Europe at Neuberger Berman. She began her career in financial services at Lehman Brothers in 1997 and went on to spend nine years with the firm, including serving as the Head of Investment Grade Credit Research for Europe. She also served as a Research Analyst at Barclays Capital and Barclays PLC, Research Division. She earned the Chartered Financial Analyst designation in 2000. She received a Master of Business Administration degree from the MIT Sloan School of Management. Ms. Gomez-Bravo also earned the equivalent of an LL.B. in Law and a Bachelor of Science in Economics and Business Science from Universidad Pontificia Comillas.
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, Switzerland, Germany, Denmark, Spain, Finland, France, United Kingdom, Hong Kong, Ireland, Italy, Luxembourg, Netherlands, Norway, Offshore, Portugal, Singapore, Sweden
MFS Meridian Global Credit A1 EUR
Initial charge6%
Annual charge0.6%
Min single investment£4,000
Min regular saving£4,000
Available in ISANo
Ongoing charge (OCF)1.35%
Total expense ratio (TER)1.35%
Bid price-
Offer price-
Mid price14.27
CurrencyEUR
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeHYZ7
MFS Meridian Global Credit A1 USD
Initial charge6%
Annual charge0.6%
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 price10.7
CurrencyUSD
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeHYZ8
MFS Meridian Global Credit A2 USD
Initial charge6%
Annual charge0.6%
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 price8.92
CurrencyUSD
Price updated06/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeHZA0
MFS Meridian Global Credit AH1 EUR
Initial charge6%
Annual charge0.6%
Min single investment£4,000
Min regular saving£4,000
Available in ISANo
Ongoing charge (OCF)1.35%
Total expense ratio (TER)1.35%
Bid price-
Offer price-
Mid price9.67
CurrencyEUR
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFPVF
MFS Meridian Global Credit B1 USD
Initial charge-
Annual charge0.6%
Min single investment£5,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)2.35%
Total expense ratio (TER)2.35%
Bid price-
Offer price-
Mid price9.97
CurrencyUSD
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeHZA1
MFS Meridian Global Credit B2 USD
Initial charge-
Annual charge0.6%
Min single investment£5,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)2.35%
Total expense ratio (TER)2.35%
Bid price-
Offer price-
Mid price8.92
CurrencyUSD
Price updated06/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeHZA2
MFS Meridian Global Credit C1 USD
Initial charge-
Annual charge0.6%
Min single investment£5,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)2.35%
Total expense ratio (TER)2.35%
Bid price-
Offer price-
Mid price9.98
CurrencyUSD
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeHZA3
MFS Meridian Global Credit C2 USD
Initial charge-
Annual charge0.6%
Min single investment£5,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)2.35%
Total expense ratio (TER)2.35%
Bid price-
Offer price-
Mid price8.66
CurrencyUSD
Price updated06/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeMSV9
MFS Meridian Global Credit I1 GBP
Initial charge-
Annual charge0.5%
Min single investment£1,500,000
Min regular saving£1,500,000
Available in ISANo
Ongoing charge (OCF)0.65%
Total expense ratio (TER)0.65%
Bid price-
Offer price-
Mid price138.02
CurrencyGBP
Price updated06/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeHZA5
MFS Meridian Global Credit I1 USD
Initial charge-
Annual charge0.5%
Min single investment£3,000,000
Min regular saving£3,000,000
Available in ISANo
Ongoing charge (OCF)0.65%
Total expense ratio (TER)0.65%
Bid price-
Offer price-
Mid price112.27
CurrencyUSD
Price updated06/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeHZA4
MFS Meridian Global Credit IH1 GBP
Initial charge-
Annual charge0.5%
Min single investment£1,500,000
Min regular saving£1,500,000
Available in ISANo
Ongoing charge (OCF)0.65%
Total expense ratio (TER)0.65%
Bid price-
Offer price-
Mid price101.13
CurrencyGBP
Price updated06/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFS0S
MFS Meridian Global Credit N1 USD
Initial charge3%
Annual charge0.6%
Min single investment£5,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)1.85%
Total expense ratio (TER)1.85%
Bid price-
Offer price-
Mid price9.09
CurrencyUSD
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeIDHX
MFS Meridian Global Credit N2 USD
Initial charge3%
Annual charge0.6%
Min single investment£5,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)1.85%
Total expense ratio (TER)1.85%
Bid price-
Offer price-
Mid price8.27
CurrencyUSD
Price updated06/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeIDHY
MFS Meridian Global Credit W1 GBP
Initial charge-
Annual charge0.55%
Min single investment£2,500
Min regular saving£2,500
Available in ISANo
Ongoing charge (OCF)0.75%
Total expense ratio (TER)0.75%
Bid price-
Offer price-
Mid price10.94
CurrencyGBP
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMSW0
MFS Meridian Global Credit W1 USD
Initial charge-
Annual charge0.55%
Min single investment£5,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)0.75%
Total expense ratio (TER)0.75%
Bid price-
Offer price-
Mid price11.18
CurrencyUSD
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeHZA6
MFS Meridian Global Credit W2 USD
Initial charge-
Annual charge0.55%
Min single investment£5,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)0.75%
Total expense ratio (TER)0.75%
Bid price-
Offer price-
Mid price8.3
CurrencyUSD
Price updated06/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeF22Z
MFS Meridian Global Credit WH1 EUR
Initial charge-
Annual charge0.55%
Min single investment£4,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.75%
Total expense ratio (TER)0.75%
Bid price-
Offer price-
Mid price10.27
CurrencyEUR
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeE4QA
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