Fact sheet: MFS Meridian Ltd Maturity

Fund information
Fund name
MFS Meridian Limited Maturity B2 USD
Fund manager company
MFS Meridian Funds
Fund type
Offshore Fund
Fund manager
  • James J. Calmassince 22/09/2005
Fund objective
The fund's investment objective is to seek total return with an emphasis on current income, but also considering capital preservation, measured in US dollars.
Benchmark
  • Barclays 1-3 Year US Government / Credit Bond Index USD
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
-0.3%
1 Year rank in sector
37/40
Sector
FO Fixed Int - USD
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.
2.24%
Fund size
£795m (£768m 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.
74
Top in this sector
Fund name1 Year
CG Dollar23.2%
Nordea 1 US Tot Ret Bd20.6%
CG Gearing Portfolio12%
Ashmore Emg Mkt Sovrn Dbt10.9%
NN (L) EM DebtHC9.9%
...more in FO Fixed Int - USD

Performance snapshot

Holdings snapshot

  • International103.7%
    Others-1.3%
    Money Market-2.4%
  • Investment Grade Corporate Bonds66.1%
    Asset/Mortgage-Backed Securities18%
    Government Bonds13.8%
    Debt3.8%
    High Yield Bond1.1%
  • Global Fixed Interest103.7%
    Others-1.3%
    Cash & Cash Equivalents-2.4%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.6%-0.8%-0.7%-0.3%-2.4%-1.6%
Sector-1.8%-1.7%1.2%3.9%7.8%15.4%
Rank within sector14 / 4316 / 4326 / 4337 / 4029 / 3219 / 21
Quartile2nd2nd3rd4th4th4th
Calendar performance
 YTD - 20162015201420132012
Fund--1.4%-0.9%-1.1%1.8%
Sector4.5%-0.5%3.4%0%6.8%
Rank within sector37 / 4027 / 3728 / 3111 / 2719 / 20
Quartile4th3rd4th2nd4th
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.
-1.35
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.
0.21
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%.
0.65
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.
2.07
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.
-1.55
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 high8.74
52 week low8.66
Current bid price-
Current offer price-
Current mid price8.66
Region
1International103.68%
2Others-1.32%
3Money Market-2.35%
Industry sector
1Investment Grade Corporate Bonds66.1%
2Asset/Mortgage-Backed Securities18%
3Government Bonds13.8%
4Debt3.8%
5High Yield Bond1.1%
6Government Agency Bonds0.9%
7Others-1.3%
8Cash & Cash Equivalents-2.4%
Asset type
1Global Fixed Interest103.68%
2Others-1.32%
3Cash & Cash Equivalents-2.35%
Individual holdings
1US Treasury Note 0.875% MAR 31 182.31%
2US Treasury Note 0.75% FEB 28 181.95%
3US Treasury Note 0.875% JUN 15 191.46%
4Bank of Nova Scotia Houston 1.440 SEP 01 171.27%
5Fannie Mae 2.5% DEC TBA1.04%
6GE Dealer Floorplan Master Note Trust 0.535 JUL 20 190.75%
7NextEra Energy Capital Holdings Inc 2.056% SEP 01 170.72%
8Shire Acquisitions Investments Ireland DAC 1.9% SEP 23 190.71%
9Svensk Exportkredit AB 1.125% AUG 28 190.71%
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 preservation, measured in US dollars.
Benchmark
  • Barclays 1-3 Year US Government / Credit Bond Index USD
Investment style
None
Investment method
Fixed Interest
Fund manager
NameSinceBiography
James J. Calmas22/09/2005James J. Calmas is an Investment Officer of MFS Investment Management® and portfolio manager of the firm's strategic income, intermediate bond and limited maturity portfolios. He is a member of the MFS Fixed Income Strategy Group. Jim joined MFS in 1988 and was named portfolio manager in 1998. He is a graduate of Dartmouth College and holds an M.B.A. degree from the Amos Tuck School of Business Administration of Dartmouth College. All portfolio managers at MFS are supported by an investment staff of over 160 professionals utilizing MFS Original Research®, a global, issuer-oriented, bottom-up process of selecting securities.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Transparent for German Tax, Reporting Fund Status, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Austria, Switzerland, Chile, Germany, Denmark, Spain, Finland, France, United Kingdom, Gulf Cooperation Council, Hong Kong, Ireland, Italy, Luxembourg, Netherlands, Norway, Offshore, Portugal, Singapore, Sweden, Taiwan - Province Of China
MFS Meridian Limited Maturity A1 USD
Initial charge6%
Annual charge0.6%
Min single investment£5,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)1.24%
Total expense ratio (TER)1.24%
Bid price-
Offer price-
Mid price14.11
CurrencyUSD
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeYD75
MFS Meridian Limited Maturity A2 USD
Initial charge6%
Annual charge0.6%
Min single investment£5,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)1.24%
Total expense ratio (TER)1.24%
Bid price-
Offer price-
Mid price8.73
CurrencyUSD
Price updated06/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeYD29
MFS Meridian Limited Maturity B1 USD
Initial charge-
Annual charge0.6%
Min single investment£5,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)2.24%
Total expense ratio (TER)2.24%
Bid price-
Offer price-
Mid price12.07
CurrencyUSD
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeYD76
MFS Meridian Limited Maturity B2 USD
Initial charge-
Annual charge0.6%
Min single investment£5,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)2.24%
Total expense ratio (TER)2.24%
Bid price-
Offer price-
Mid price8.66
CurrencyUSD
Price updated06/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeYD30
MFS Meridian Limited Maturity C1 USD
Initial charge-
Annual charge0.6%
Min single investment£5,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)2.24%
Total expense ratio (TER)2.24%
Bid price-
Offer price-
Mid price11.96
CurrencyUSD
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeYD77
MFS Meridian Limited Maturity C2 USD
Initial charge-
Annual charge0.6%
Min single investment£5,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)2.24%
Total expense ratio (TER)2.24%
Bid price-
Offer price-
Mid price8.67
CurrencyUSD
Price updated06/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeM942
MFS Meridian Limited Maturity 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)0.6%
Total expense ratio (TER)0.6%
Bid price-
Offer price-
Mid price129.68
CurrencyUSD
Price updated06/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeYD78
MFS Meridian Limited Maturity N1 USD
Initial charge3%
Annual charge0.6%
Min single investment£5,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)1.74%
Total expense ratio (TER)1.74%
Bid price-
Offer price-
Mid price9.86
CurrencyUSD
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeIDIO
MFS Meridian Limited Maturity N2 USD
Initial charge3%
Annual charge0.6%
Min single investment£5,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)1.75%
Total expense ratio (TER)1.75%
Bid price-
Offer price-
Mid price9.76
CurrencyUSD
Price updated06/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeIDIP
MFS Meridian Limited Maturity W1 USD
Initial charge-
Annual charge0.55%
Min single investment£5,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)0.69%
Total expense ratio (TER)0.69%
Bid price-
Offer price-
Mid price10.97
CurrencyUSD
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeIBI9
MFS Meridian Limited Maturity W2 USD
Initial charge-
Annual charge0.55%
Min single investment£5,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)0.69%
Total expense ratio (TER)0.69%
Bid price-
Offer price-
Mid price9.72
CurrencyUSD
Price updated06/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeF23G
Data provided by

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