Fact sheet: MFS Meridian Latin Am Eq

Fund information
Fund name
MFS Meridian Latin American Equity W1 USD
Fund manager company
MFS Meridian Funds
Fund type
Offshore Fund
Fund manager
  • Jose Luis Garciasince 26/03/2009
Fund objective
The fund's investment objective is to seek capital appreciation, measured in US dollars.
Benchmark
  • MSCI Emerging Markets Latin America 10-40 Index
Investment style
Growth
Investment method
Shares
Quick stats
1 Year return
17.2%
1 Year rank in sector
25/43
Sector
FO Equity - Latin America
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
£25m (£43m 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.
172
Top in this sector
Fund name1 Year
BNY Mellon Brazil Equity77.5%
Templeton Latin Amer44.3%
UBS (L)EqSIC-Brazil$43.2%
Parvest Equity Brazil41.6%
Fidelity Latin America39.6%
...more in FO Equity - Latin America

Performance snapshot

Holdings snapshot

  • Brazil52.5%
    Mexico29%
    Chile6.5%
    Others5.3%
    Peru3.2%
  • Financial Services29.4%
    Consumer Staples14%
    Utilities10.6%
    Basic Materials9.9%
    Energy6.5%
  • Brazilian Equities52.5%
    Mexican Equities29%
    Chilean Equities6.5%
    International Equities5.3%
    Peruvian Equity3.2%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-10%-8%1.2%17.2%-33.6%-28.4%
Sector-10.8%-8.4%4%18.4%-26.1%-33.2%
Rank within sector11 / 4320 / 4328 / 4325 / 4338 / 4015 / 36
Quartile2nd2nd3rd3rd4th2nd
Calendar performance
 YTD - 20162015201420132012
Fund21.5%-32.1%-19%-9.2%19.3%
Sector23.6%-31.7%-12.5%-14%7.7%
Rank within sector25 / 4330 / 4239 / 405 / 385 / 35
Quartile3rd3rd4th1st1st
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.
-4.16
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.
0.94
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.
-0.04
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%.
23.33
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.
5.28
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.
-0.66
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.
0.95
Price movement
52 week high8.51
52 week low5.46
Current bid price-
Current offer price-
Current mid price7.62
Region
1Brazil52.5%
2Mexico29%
3Chile6.5%
4Others5.31%
5Peru3.2%
6Argentina1.8%
7Money Market1.69%
Industry sector
1Financial Services29.41%
2Consumer Staples14%
3Utilities10.6%
4Basic Materials9.9%
5Energy6.5%
6Services5.9%
7Health Care5.5%
8Retail5.4%
9Technology3%
Asset type
1Brazilian Equities52.5%
2Mexican Equities29%
3Chilean Equities6.5%
4International Equities5.31%
5Peruvian Equity3.2%
6American Emerging Equities1.8%
7Money Market1.69%
Individual holdings
1Itau Unibanco Holding SA ADR6.91%
2AMBEV SA ADR5.66%
3BRF SA3.49%
4GRUPO FINANCIERO BANORTE-O COMMON STOCK3.19%
5OMW HENDERSON FIXED INTEREST MONTHLY INCOME2.98%
6BM&FBovespa SA2.89%
7ULTRAPAR PARTICIPACOES S.A. -2.7%
8Credicorp Ltd2.47%
9BB Seguridade Participacoes SA2.32%
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 Emerging Markets Latin America 10-40 Index
Investment style
Growth
Investment method
Shares
Fund manager
NameSinceBiography
Jose Luis Garcia26/03/2009Garcia is a vice president of MFS, employed in the investment management area of MFS since 2002. Prior to that, he was a teh chief executive officer of TeleFonica B2B (Mexico City) from 2000 to 2002.
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, Portugal, Singapore, Sweden
MFS Meridian Latin American Equity A1 EUR
Initial charge6%
Annual charge1.15%
Min single investment£4,000
Min regular saving£4,000
Available in ISANo
Ongoing charge (OCF)2.25%
Total expense ratio (TER)2.25%
Bid price-
Offer price-
Mid price16.55
CurrencyEUR
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF0C0
MFS Meridian Latin American Equity A1 USD
Initial charge6%
Annual charge1.15%
Min single investment£5,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)2.25%
Total expense ratio (TER)2.25%
Bid price-
Offer price-
Mid price13.18
CurrencyUSD
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF0B9
MFS Meridian Latin American Equity AH1 CHF
Initial charge6%
Annual charge1.15%
Min single investment£4,500
Min regular saving£4,500
Available in ISANo
Ongoing charge (OCF)2.25%
Total expense ratio (TER)2.25%
Bid price-
Offer price-
Mid price5.56
CurrencyCHF
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeIDHW
MFS Meridian Latin American Equity B1 USD
Initial charge-
Annual charge1.15%
Min single investment£5,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)3%
Total expense ratio (TER)3%
Bid price-
Offer price-
Mid price12.44
CurrencyUSD
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF0C1
MFS Meridian Latin American Equity C1 USD
Initial charge-
Annual charge1.15%
Min single investment£5,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)3%
Total expense ratio (TER)3%
Bid price-
Offer price-
Mid price12.44
CurrencyUSD
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF0C2
MFS Meridian Latin American Equity I1 EUR
Initial charge-
Annual charge0.95%
Min single investment£2,000,000
Min regular saving£2,000,000
Available in ISANo
Ongoing charge (OCF)1.2%
Total expense ratio (TER)1.2%
Bid price-
Offer price-
Mid price179.04
CurrencyEUR
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF0C4
MFS Meridian Latin American Equity I1 GBP
Initial charge-
Annual charge0.95%
Min single investment£1,500,000
Min regular saving£1,500,000
Available in ISANo
Ongoing charge (OCF)1.2%
Total expense ratio (TER)1.2%
Bid price-
Offer price-
Mid price74.79
CurrencyGBP
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeMSW3
MFS Meridian Latin American Equity I1 USD
Initial charge-
Annual charge0.95%
Min single investment£3,000,000
Min regular saving£3,000,000
Available in ISANo
Ongoing charge (OCF)1.2%
Total expense ratio (TER)1.2%
Bid price-
Offer price-
Mid price142.49
CurrencyUSD
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF0C3
MFS Meridian Latin American Equity I1X USD
Initial charge-
Annual charge0.95%
Min single investment£3,000,000
Min regular saving£3,000,000
Available in ISANo
Ongoing charge (OCF)1.2%
Total expense ratio (TER)1.2%
Bid price-
Offer price-
Mid price73.57
CurrencyUSD
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFHQE
MFS Meridian Latin American Equity IH1 CHF
Initial charge-
Annual charge0.95%
Min single investment£2,500,000
Min regular saving£2,500,000
Available in ISANo
Ongoing charge (OCF)1.2%
Total expense ratio (TER)1.2%
Bid price-
Offer price-
Mid price57.75
CurrencyCHF
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeIDHT
MFS Meridian Latin American Equity N1 EUR
Initial charge3%
Annual charge1.15%
Min single investment£4,000
Min regular saving£4,000
Available in ISANo
Ongoing charge (OCF)2.75%
Total expense ratio (TER)2.75%
Bid price-
Offer price-
Mid price6.99
CurrencyEUR
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeIDHU
MFS Meridian Latin American Equity N1 USD
Initial charge3%
Annual charge1.15%
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 price5.65
CurrencyUSD
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeIDHV
MFS Meridian Latin American Equity W1 GBP
Initial charge-
Annual charge1.05%
Min single investment£2,500
Min regular saving£2,500
Available in ISANo
Ongoing charge (OCF)1.35%
Total expense ratio (TER)1.35%
Bid price-
Offer price-
Mid price6.77
CurrencyGBP
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF23F
MFS Meridian Latin American Equity W1 USD
Initial charge-
Annual charge1.05%
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 price7.62
CurrencyUSD
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeIBK0
MFS Meridian Latin American Equity WH1 EUR
Initial charge-
Annual charge1.05%
Min single investment£4,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.35%
Total expense ratio (TER)1.35%
Bid price-
Offer price-
Mid price11.37
CurrencyEUR
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeE4AS
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