Fact sheet: MFS Meridian UK Equity

Fund information
Fund name
MFS Meridian UK Equity W1 GBP
Fund manager company
MFS Meridian Funds
Fund type
Offshore Fund
Fund managers
  • Victoria Higleysince 30/04/2013
  • Christopher Jenningssince 30/06/2007
  • Gabrielle Gourgeysince 01/01/2015
Fund objective
The fund's investment objective is capital appreciation, measured in Sterling.
Benchmark
  • FTSE All Share 5% Capped Index
Investment style
Growth
Investment method
Shares
Quick stats
1 Year return
9.2%
1 Year rank in sector
-
Sector
FO Equity - UK
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
£82m (£123m 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.
91
Top in this sector
Fund name1 Year
Boost FTSE 100 3x LD ETP40.5%
Boost FTSE 100 2x LD ETP28.8%
Majedie UK Equity22.4%
Old Mutual UK SmCos Fcus20.6%
BlackRock UK Index17%
...more in FO Equity - UK

Performance snapshot

Holdings snapshot

  • UK99%
    Money Market1.1%
    International-0.1%
  • Financial Services15.8%
    Consumer Staples14.7%
    Leisure11.8%
    Utilities9.6%
    Health Care8.6%
  • International Equities99%
    Cash & Cash Equivalents1.1%
    Others-0.1%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.4%-3.2%6.2%9.2%10.2%54.7%
Sector1.7%-0.5%6.1%7.1%15.8%56.5%
Rank within sector------
Quartile
Calendar performance
 YTD - 20162015201420132012
Fund8%2.3%-3.2%22.7%15.6%
Sector5.9%4.9%1%23.7%12.3%
Rank within sector-----
Quartile
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.
-0.84
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.
0.89
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%.
9.4
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.
5.42
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.
-0.26
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.
0.69
Price movement
52 week high15.49
52 week low12.16
Current bid price-
Current offer price-
Current mid price14.6
Region
1UK98.99%
2Money Market1.07%
3International-0.06%
Industry sector
1Financial Services15.8%
2Consumer Staples14.7%
3Leisure11.8%
4Utilities9.6%
5Health Care8.6%
6Energy8.4%
7Services8.4%
8Basic Materials7.4%
9Retail5.6%
Asset type
1International Equities98.99%
2Cash & Cash Equivalents1.07%
3Others-0.06%
Individual holdings
1BP PLC7.26%
2British American Tobacco PLC5.74%
3Diageo PLC4.45%
4Vodafone Group PLC4.41%
5HSBC4.09%
6Reckitt Benckiser Group PLC3.93%
7Reed Elsevier PLC3.7%
8Rio Tinto PLC3.57%
9 GLAXOSMITHKLINE PLC3.54%
Management
Fund manager group
MFS
Fund manager company
MFS Meridian Funds
Fund type
Offshore Fund
Fund objective
The fund's investment objective is capital appreciation, measured in Sterling.
Benchmark
  • FTSE All Share 5% Capped Index
Investment style
Growth
Investment method
Shares
Fund managers
NameSinceBiography
Victoria Higley30/04/2013Victoria Higley, ASIP, is an investment officer and institutional equity portfolio manager at MFS Investment Management (MFS). As an institutional portfolio manager, she participates in the research process and strategy discussions, assesses portfolio risk, customizes portfolios to client objectives and guidelines, and manages daily cash flows. She is also responsible for communicating investment policy, strategy, and positioning. Victoria joined MFS in 2011. Previously, she spent three years at Fidelity International as a U.K. institutional client director and 14 years at UBS Asset Management (formerly Phillips & Drew) as a UK institutional client director, pan-European equity analyst, and UK portfolio manager. She began her career in the financial services industry in 1994. Victoria holds a bachelor's degree from Durham University. She is a regular member of the CFA Institute and the CFA Society of the UK. 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.
Christopher Jennings30/06/2007Christopher joined MFS in 2004 as an Equity Research Analyst; named Portfolio Manager in 200. Previous experience includes: one-and-a-half years as an Equity Portfolio Manager for Morgan Stanley Investment Management; and three years as a Telecom Research Analyst, and two years as a Portfolio Manager for UBS Asset Management. Christopher graduated from Cambridge University with an MA in Economics and Business Management, a Post Graduate Certificate in Manufacturing Management in 1996 and is a qualified CFA
Gabrielle Gourgey01/01/2015Gabrielle Gourgey was named an Investment Officer and Institutional Portfolio Manager of MFS Investment Management in 2007. She participates in the research process and strategy discussions, assesses portfolio risk, customizes portfolios to client objectives and guidelines, and manages daily cash flows. Gabrielle's responsibilities include communicating the investment policy, strategy, and positioning of the portfolio to clients globally. Joining MFS in 2006, Gabrielle previously spent 8 years as a Sales Specialist at Merrill Lynch and 2 years as Sales / Institutional Equity at CIBC Oppenheimer. She graduated from Bristol University, BA with honors.
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, Switzerland, Chile, Germany, Denmark, Spain, Finland, France, United Kingdom, Hong Kong, Ireland, Italy, Luxembourg, Netherlands, Norway, Offshore, Portugal, Singapore, Sweden
MFS Meridian UK Equity A1 GBP
Initial charge6%
Annual charge1.05%
Min single investment£2,500
Min regular saving£2,500
Available in ISANo
Ongoing charge (OCF)2.01%
Total expense ratio (TER)2.01%
Bid price-
Offer price-
Mid price8.55
CurrencyGBP
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codePZ64
MFS Meridian UK Equity A1 USD
Initial charge6%
Annual charge1.05%
Min single investment£5,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)2.01%
Total expense ratio (TER)2.01%
Bid price-
Offer price-
Mid price13.83
CurrencyUSD
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codePZ66
MFS Meridian UK Equity C1 USD
Initial charge-
Annual charge1.05%
Min single investment£5,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)2.78%
Total expense ratio (TER)2.78%
Bid price-
Offer price-
Mid price8.32
CurrencyUSD
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFS1R
MFS Meridian UK 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 price185.99
CurrencyGBP
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codePZ65
MFS Meridian UK 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 price9.22
CurrencyUSD
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFBEW
MFS Meridian UK Equity I1X 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 price108.9
CurrencyGBP
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFHQF
MFS Meridian UK Equity I2 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 price123.06
CurrencyGBP
Price updated07/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeF23L
MFS Meridian UK Equity N1 USD
Initial charge3%
Annual charge1.05%
Min single investment£5,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)2.51%
Total expense ratio (TER)2.51%
Bid price-
Offer price-
Mid price8.61
CurrencyUSD
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFPVM
MFS Meridian UK Equity W1 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 price14.6
CurrencyGBP
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMSU6
MFS Meridian UK Equity 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 price8.87
CurrencyUSD
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFPVN
MFS Meridian UK Equity W2 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 price12.26
CurrencyGBP
Price updated07/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeF23K
Data provided by

The Content is only for your general information and use and is not intended to address your particular requirements. The Content does not constitute any form of advice, recommendation or arrangement by Moneywise and is not intended to be relied upon by you in making (or refraining from making) any specific investment or other decisions. Appropriate independent advice should be obtained before making any such decision.

This information is sourced from our partner Financial Express. We believe the data to be correct however you should take care in using any information.

You should be aware that prices may fall as well as rise and that the income derived can go down as well as up. When buying or selling any investment that fluctuates in price or value you may get back less than you invested. Past performance is not necessarily a guide to future performance.