Fact sheet: MFS Meridian Managed Wealth

Fund information
Fund name
MFS Meridian Managed Wealth W1 USD
Fund manager company
MFS Meridian Funds
Fund type
Offshore Fund
Fund managers
  • James T. Swansonsince 22/09/2015
  • Barnaby Wienersince 22/09/2015
  • Michael W. Robergesince 22/09/2015
  • William J Adamssince 22/09/2015
  • Robert Almeidasince 22/09/2015
  • Jonathan W. Sagesince 22/09/2015
Fund objective
A global long/short equity fund that seeks to grow capital through a strategic global equity allocation, moderate volatility by adjusting equity market exposure and manage against extreme market events
Benchmark
  • BofA Merrill Lynch 0-3 Month U.S. Treasury Bill Index
Investment style
Total Return
Investment method
Shares
Quick stats
1 Year return
4.3%
1 Year rank in sector
464/480
Sector
FO Equity - International
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%
Fund size
£29m (£54m 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.
46
Top in this sector
Fund name1 Year
Dodge & Cox Gbl Stk46.6%
Morg Stnly Global Discovery42.6%
T. Rowe Price GblFcsGrEq41.8%
Guinness Gbl Innovators39.8%
RWC Global Horizon39.4%
...more in FO Equity - International

Performance snapshot

Holdings snapshot

  • USA55.3%
    Others12.2%
    Money Market11.1%
    Japan8.6%
    Canada4.3%
  • Others66.7%
    Equities22.2%
    Cash & Cash Equivalents11.1%
  • US Equities55.3%
    International Equities12.2%
    Money Market11.1%
    Japanese Equities8.6%
    Canadian Equities4.3%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund1%1.1%2.2%4.3%--
Sector2.5%3.2%10.4%18.2%21.7%66.5%
Rank within sector335 / 506362 / 506484 / 498464 / 480--
Quartile3rd3rd4th4th
Calendar performance
 YTD - 20172016201520142013
Fund2.3%0.6%---
Sector8%7.9%0.7%6%21.3%
Rank within sector448 / 503392 / 464---
Quartile4th4th
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.
-
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.
-
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.
-
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%.
-
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.
-
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.
-
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.
-
Price movement
52 week high10.24
52 week low9.62
Current bid price-
Current offer price-
Current mid price10.23
Region
1USA55.3%
2Others12.19%
3Money Market11.11%
4Japan8.6%
5Canada4.3%
6Korea4.3%
7UK4.2%
Industry sector
1Others66.72%
2Equities22.17%
3Cash & Cash Equivalents11.11%
Asset type
1US Equities55.3%
2International Equities12.19%
3Money Market11.11%
4Japanese Equities8.6%
5Canadian Equities4.3%
6South Korean Equities4.3%
7UK Equities4.2%
Individual holdings
1SAMSUNG ELECTRONICS CO LTD COMMON STOCK1.89%
2Taiwan Semiconductor Manufacturing Co Ltd ADR1.71%
3Alphabet Inc Class A1.7%
4Eli Lilly & Co1.5%
5Merck & Co Inc1.46%
6Altria Group Inc1.44%
7Charter Communications Inc1.43%
8BNP Paribas SA1.42%
9Bayer AG1.36%
Management
Fund manager group
MFS
Fund manager company
MFS Meridian Funds
Fund type
Offshore Fund
Fund objective
A global long/short equity fund that seeks to grow capital through a strategic global equity allocation, moderate volatility by adjusting equity market exposure and manage against extreme market events
Benchmark
  • BofA Merrill Lynch 0-3 Month U.S. Treasury Bill Index
Investment style
Total Return
Investment method
Shares
Fund managers
NameSinceBiography
James T. Swanson22/09/2015
Barnaby Wiener22/09/2015Barnaby Wiener is an investment officer and international equity value portfolio manager at MFS Investment Management (MFS). Barnaby is part of the portfolio management teams for the MFS International Value, MFS Global Value, and MFS Global Total Return strategies. In his role as portfolio manager, Barnaby is responsible for final buy and sell decisions, portfolio construction, and risk and cash management. Additionally, he participates in the research process and strategy discussions within the larger MFS value equity team, and also serves on MFS Global Equity Management Committee. Barnaby is based in MFS' London office. Barnaby joined MFS in 1998 as a member of the MFS European Research Equity investment team. He served as an equity analyst responsible for identifying and evaluating companies across several sectors. In this role, Barnaby worked closely with the entire MFS equity portfolio management team to ensure that ideas were properly evaluated and considered within each strategy. Barnaby took on Portfolio Management responsibilities in 2003. Barnaby began his investment career in 1994 at Credit Lyonnais where is spent two years as an Equity Research Analyst. He then spent two years as Vice President & Equity Analyst at Merrill Lynch. Prior to joining Credit Lyonnais, Barnaby served five years in the British Army reaching the rank of Captain. He received his master's degree from Oxford University and completed graduate course work at Royal Military College, Sandhurst. 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.
Michael W. Roberge22/09/2015
William J Adams22/09/2015William J. Adams, CFA, is an investment officer and Director of Fixed Income at MFS Investment Management® (MFS®). Bill's responsibilities include managing MFS' team of fixed income research analysts as well as serving on the portfolio management team of several of the firm's fixed income strategies. Bill joined MFS as a corporate credit analyst in 1997 and was named portfolio manager in 2000. He left MFS in 2005 and later re-joined the firm in 2009 as Director of High Yield Research. The following year, he was appointed Director of Credit Research. He was named high yield portfolio manager in May 2011. In 2011, he was appointed Director of Fixed Income along with Joshua Marston. During his tenure at MFS, Bill's coverage responsibilities have varied across a number of sectors, including industrials, media, cable, telecommunication, retail, and consumer products. As a portfolio manager, his portfolios have invested across a variety of both investment grade and high yield corporate bond securities. Prior to joining MFS, Bill was a credit/securities analyst at Conseco Capital Management from 1994 to 1997, where his responsibilities included investment grade and high yield credit, as well as equity coverage. From 1991 to 1994, he served as a lending officer at Mellon Bank. Bill received a Bachelor of Arts degree in 1988 from LaSalle University. In 1990, he was awarded a Master of Arts degree from Indiana University where he also received an MBA in 1991. He has earned the chartered financial analyst (CFA) designation from the CFA Institute and is a member of the Boston Security Analysts Society. 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 Almeida22/09/2015Robert Almeida is an Investment Officer and Institutional Portfolio Manager at MFS Investment Management® (MFS®). He serves as a member of U.S. Equity Team, participates in the research process and strategy discussions, and assesses portfolio risk, customizes portfolios to client objectives and guidelines and manages daily cash flows. He communicates investment policy, strategy and tactics, performs portfolio analysis and leads institutional product development. Rob joined MFS in 1999 and most recently served as an institutional portfolio manager for the MFS Fixed Income Department from 2007 through 2009. Before joining the firm in 1999, Rob worked in the Institutional Client Services Division at Putnam Investments, with a focus on the firm's efforts in Japan. He is a graduate of the University of Massachusetts at Amherst, and earned his Masters of Science Degree in Finance from the Sawyer School of Management at Suffolk University. He also has the Series 6 & 63 certifications from the National Association of Securities Dealers (NASD).
Jonathan W. Sage22/09/2015Mr. Jonathan W. Sage, CFA serves as Portfolio Manager and Investment Officer at Massachusetts Financial Services Company since 2005 and also serves as its . Mr. Sage manages blended research equity strategies utilized by the firm's mutual funds and institutional accounts. He is also responsible for final buy and sell decisions, portfolio construction, and risk and cash management. Mr. Sage participates in the research process and strategy discussions at the Massachusetts Financial Services Company. He joined the firm in 2000. He served as Quantitative Equity Research Analyst at the firm since 2000. Prior to this, he spent two years as a Supervisor of Portfolio Administration at Santander Global Advisors, Inc. Mr. Sage was also a Senior Mutual Fund Accountant at First Data Investor Services Group for three years. He is a member of the CFA Institute and The Boston Security Analysts Society. Mr. Sage holds the Chartered Financial Analyst designation. He earned a Masters of Business Administration and a Masters of Finance from Boston College and a B.A. in Social Psychology from Tufts University in 1995.
Compliance
Transparent for Austrian Tax, Transparent for German Tax, 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, Ireland, Italy, Luxembourg, Netherlands, Norway, Offshore, Portugal, Singapore, Sweden
MFS Meridian Managed Wealth 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 price10.06
CurrencyUSD
Price updated23/05/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFXRE
MFS Meridian Managed Wealth AH1 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 price9.84
CurrencyEUR
Price updated23/05/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFXRF
MFS Meridian Managed Wealth 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 price9.93
CurrencyUSD
Price updated23/05/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFXRG
MFS Meridian Managed Wealth 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 price102.64
CurrencyEUR
Price updated23/05/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFXRL
MFS Meridian Managed Wealth 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 price122.46
CurrencyGBP
Price updated23/05/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFXRM
MFS Meridian Managed Wealth 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 price102.45
CurrencyUSD
Price updated23/05/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFXRK
MFS Meridian Managed Wealth IH1 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 price100.52
CurrencyEUR
Price updated23/05/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFXRN
MFS Meridian Managed Wealth IH1 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 price101.92
CurrencyGBP
Price updated23/05/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFXRO
MFS Meridian Managed Wealth N1 USD
Initial charge3%
Annual charge1.05%
Min single investment£5,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)2.55%
Total expense ratio (TER)2.55%
Bid price-
Offer price-
Mid price9.97
CurrencyUSD
Price updated23/05/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFXRH
MFS Meridian Managed Wealth W1 USD
Initial charge-
Annual charge0.8%
Min single investment£5,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)1%
Total expense ratio (TER)1%
Bid price-
Offer price-
Mid price10.23
CurrencyUSD
Price updated23/05/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFXRI
MFS Meridian Managed Wealth WH1 EUR
Initial charge-
Annual charge0.8%
Min single investment£4,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1%
Total expense ratio (TER)1%
Bid price-
Offer price-
Mid price10.06
CurrencyEUR
Price updated23/05/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeE4UL
MFS Meridian Managed Wealth WH1 GBP
Initial charge-
Annual charge0.8%
Min single investment£2,500
Min regular saving£2,500
Available in ISANo
Ongoing charge (OCF)1%
Total expense ratio (TER)1%
Bid price-
Offer price-
Mid price10.18
CurrencyGBP
Price updated23/05/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFXRJ
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