Fact sheet: MFS Meridian Infln Adjstd Bd

Fund information
Fund name
MFS Meridian Inflation-Adjusted Bond A1 USD
Fund manager company
MFS Meridian Funds
Fund type
Offshore Fund
Fund manager
  • Erik S. Weismansince 25/09/2005
Fund objective
The fund's investment objective is to seek total return that exceeds the rate of inflation as measured in the US over the long term, measured in US dollars.
Benchmark
  • Barclays US Treasury Inflation Protected Securities Index
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
2.2%
1 Year rank in sector
4/4
Sector
FO Fixed Int - USD Index Linked
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.
1.35%
Fund size
£116m (£110m 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.
79
Top in this sector
Fund name1 Year
JB GlbInflLnkBnd5.6%
LM WAGblInfMgt5.4%
Jul Baer MBInfLnkBnd$3.6%
MFS Meridian Infln Adjstd Bd2.2%
...more in FO Fixed Int - USD Index Linked

Performance snapshot

Holdings snapshot

  • USA97.6%
    Money Market2.4%
  • Government Bonds97.6%
    Cash & Cash Equivalents2.4%
  • US Fixed Interest97.6%
    Cash & Cash Equivalents2.4%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-2.1%-2.1%0.1%2.2%1.3%-1.8%
Sector-2.6%-3.3%2.4%4.1%5.9%4.5%
Rank within sector1 / 41 / 44 / 44 / 44 / 44 / 4
Quartile1st1st4th4th4th4th
Calendar performance
 YTD - 20162015201420132012
Fund3.6%-2.8%2.2%-9.9%5.4%
Sector6.4%-1.6%2%-5.8%3.3%
Rank within sector4 / 44 / 41 / 44 / 43 / 4
Quartile4th4th1st4th3rd
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.
-1.47
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.
0.92
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%.
4.19
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.
2.2
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.
-0.77
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.
0.72
Price movement
52 week high14.7
52 week low13.68
Current bid price-
Current offer price-
Current mid price14.23
Region
1USA97.63%
2Money Market2.37%
Industry sector
1Government Bonds97.63%
2Cash & Cash Equivalents2.37%
Asset type
1US Fixed Interest97.63%
2Cash & Cash Equivalents2.37%
Individual holdings
1United States Treasury Inflation Indexed Bonds - When Issued 2.375 JAN 15 255.77%
2United States Treasury Inflation Indexed Bonds 0.125 JUL 15 244.84%
3United States Treasury Inflation Indexed Bonds 0.125 JUL 15 224.78%
4United States Treasury Inflation Indexed Bonds 0.125 APR 15 184.58%
5United States Treasury Inflation Indexed Bonds 0.125 JAN 15 234.55%
6United States Treasury Inflation Indexed Bonds 0.625 JAN 15 244.48%
7United States Treasury Inflation Indexed Bonds 0.375 JUL 15 254.26%
8United States Treasury Inflation Indexed Bonds 0.625 JUL 15 214.04%
9United States Treasury Inflation Indexed Bonds 1.125 JAN 15 213.99%
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 that exceeds the rate of inflation as measured in the US over the long term, measured in US dollars.
Benchmark
  • Barclays US Treasury Inflation Protected Securities Index
Investment style
None
Investment method
Fixed Interest
Fund manager
NameSinceBiography
Erik S. Weisman25/09/2005Erik S. Weisman, Ph.D., is an investment officer and portfolio manager at MFS Investment Management (MFS). As a member of the Fixed Income team, he manages the firm's inflation adjusted bond, strategic income, global bond, global total return and global government portfolios. He joined the firm in 2002 as a global sovereign fixed-income research analyst. Previously, he served for two years as assistant to the US Executive Director for the International Monetary Fund and for two years as an international economist in the Office of Central and Eastern Europe of the US Department of the Treasury. Erik earned a bachelor's degree from the University of Michigan and master's and Ph.D. degrees from Duke University.
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, 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 Inflation-Adjusted Bond 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 price14.23
CurrencyUSD
Price updated30/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeUP91
MFS Meridian Inflation-Adjusted Bond 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 price10.98
CurrencyUSD
Price updated30/11/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeUP80
MFS Meridian Inflation-Adjusted Bond 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 price12.56
CurrencyUSD
Price updated30/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeUP76
MFS Meridian Inflation-Adjusted Bond 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 price10.8
CurrencyUSD
Price updated30/11/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeUP81
MFS Meridian Inflation-Adjusted Bond 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 price12.54
CurrencyUSD
Price updated30/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeUP77
MFS Meridian Inflation-Adjusted Bond 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 price10.79
CurrencyUSD
Price updated30/11/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeUP82
MFS Meridian Inflation-Adjusted Bond 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 price142.9
CurrencyUSD
Price updated30/11/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeUP78
MFS Meridian Inflation-Adjusted Bond 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 price9.25
CurrencyUSD
Price updated30/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeIDIQ
MFS Meridian Inflation-Adjusted Bond 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 price9.04
CurrencyUSD
Price updated30/11/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeIDIR
MFS Meridian Inflation-Adjusted Bond 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 price11.83
CurrencyUSD
Price updated30/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeIBI8
MFS Meridian Inflation-Adjusted Bond 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 price9.1
CurrencyUSD
Price updated30/11/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeF23E
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