Fact sheet: MFS Meridian Japan Equity

Fund information
Fund name
MFS Meridian Japan Equity B1 USD
Fund manager company
MFS Meridian Funds
Fund type
Offshore Fund
Fund manager
  • Team of Asian Equity Analystssince 31/07/2007
Fund objective
The fund's investment objective is to seek capital appreciation, measured in US dollars.
Benchmark
  • MSCI Japan
Investment style
Growth
Investment method
Shares
Quick stats
1 Year return
14.3%
1 Year rank in sector
30/110
Sector
FO Equity - Japan
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.
2.8%
Fund size
£7m (£11m 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.
133
Top in this sector
Fund name1 Year
Lindsell Train Japnse Eq50.1%
GAM Star Jap Eq50.1%
RWC NissayJaFo49.3%
GS Jap Eq Part Pfl44.5%
Aberdeen Gbl Japanese Eq43.4%
...more in FO Equity - Japan

Performance snapshot

Holdings snapshot

  • Japan99.2%
    Money Market0.8%
  • Capital Goods36.6%
    Financial Services14.1%
    Technology13.5%
    Telecommunications8.3%
    Cyclical Consumer Goods8.2%
  • Japanese Equities99.2%
    Cash & Cash Equivalents0.8%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund4.2%7.4%9.5%14.3%5.3%35.8%
Sector4.1%9.3%6.4%3.9%17.7%77.1%
Rank within sector68 / 11680 / 11642 / 11330 / 11073 / 9178 / 84
Quartile3rd3rd2nd2nd4th4th
Calendar performance
 YTD - 20162015201420132012
Fund3.8%10.8%-9.3%24.7%7.9%
Sector-3.5%11.8%4.1%43.2%13.9%
Rank within sector29 / 11161 / 10391 / 9366 / 8856 / 84
Quartile2nd3rd4th3rd3rd
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.
-2.62
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.
0.82
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.
0.01
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%.
13.75
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.
7.34
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.
-0.54
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.
0.74
Price movement
52 week high10.12
52 week low8.28
Current bid price-
Current offer price-
Current mid price10.1
Region
1Japan99.2%
2Money Market0.8%
Industry sector
1Capital Goods36.6%
2Financial Services14.1%
3Technology13.5%
4Telecommunications8.3%
5Cyclical Consumer Goods8.2%
6Consumer Staples7.8%
7Health Care7.3%
8Energy3.4%
9Cash & Cash Equivalents0.8%
Asset type
1Japanese Equities99.2%
2Cash & Cash Equivalents0.8%
Individual holdings
1KDDI Corp4.42%
2SoftBank Corp3.87%
3Kubota Corp3.45%
4Daikin Industries Ltd3.12%
5TOTO Ltd3.12%
6Mitsubishi UFJ Financial Group Inc3.11%
7Japan Tobacco Inc3.08%
8USS Co Ltd3.08%
9Kao Corp3.01%
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 US dollars.
Benchmark
  • MSCI Japan
Investment style
Growth
Investment method
Shares
Fund manager
NameSinceBiography
Team of Asian Equity Analysts31/07/2007
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, Belgium, Switzerland, Germany, Spain, Finland, France, United Kingdom, Hong Kong, Ireland, Italy, Luxembourg, Netherlands, Norway, Offshore, Portugal, Singapore, Sweden, Taiwan - Province Of China
MFS Meridian Japan 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 price13.18
CurrencyEUR
Price updated27/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeC7T4
MFS Meridian Japan 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 price10.8
CurrencyUSD
Price updated27/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeC7T3
MFS Meridian Japan 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 price10.1
CurrencyUSD
Price updated27/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeC7T5
MFS Meridian Japan 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 price10.14
CurrencyUSD
Price updated27/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeC7T6
MFS Meridian Japan 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 price146.24
CurrencyEUR
Price updated27/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeC7T8
MFS Meridian Japan 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 price180.46
CurrencyGBP
Price updated27/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeC7T9
MFS Meridian Japan 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 price119.96
CurrencyUSD
Price updated27/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeC7T7
MFS Meridian Japan Equity N1 USD
Initial charge3%
Annual charge1.05%
Min single investment£0
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)2.55%
Total expense ratio (TER)2.55%
Bid price-
Offer price-
Mid price11.11
CurrencyUSD
Price updated27/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFPVI
Data provided by

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