Fact sheet: MFS Meridian US CrpBnd

Fund information
Fund name
MFS Meridian US Corporate Bond W1 USD
Fund manager company
MFS Meridian Funds
Fund type
Offshore Fund
Fund managers
  • Richard O Hawkinssince 31/03/2013
  • Robert D Personssince 31/03/2013
Fund objective
The fund's investment objective is to seek total return with an emphasis on current income, but also considering capital appreciation, measured in US dollars.
Benchmark
  • Barclays U.S. Credit Bond Index
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
8.6%
1 Year rank in sector
6/42
Sector
FO Fixed Int - USD Investment Grade
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.
0.75%
Fund size
£230m (£144m last year)
Top in this sector
Fund name1 Year
Blackrock Gbl Infltn Lkd Bd $11.4%
JPM EmMtInvGrBd10.7%
Nikko AM Asia Credit9.9%
Fidelity Asian Bd8.9%
RBC (Lux) USInvGrdCorpBd8.9%
...more in FO Fixed Int - USD Investment Grade

Performance snapshot

Holdings snapshot

  • No data available.
  • Investment Grade Corporate Bonds78.9%
    High Yield Bond15.3%
    Cash & Cash Equivalents5%
    Debt0.8%
  • Global Fixed Interest95%
    Cash & Cash Equivalents5%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-2.3%5.5%8.6%16.3%-
Sector-0.3%1.6%3.8%5.8%12.8%23.7%
Rank within sector22 / 456 / 458 / 436 / 428 / 40-
Quartile2nd1st1st1st1st
Calendar performance
 YTD - 20162015201420132012
Fund9.1%-0.3%5.5%--
Sector6.1%-0.7%6%-1.1%10.1%
Rank within sector5 / 4220 / 4120 / 40--
Quartile1st2nd2nd
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.
-0.23
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.
1.25
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.
0.59
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%.
3.61
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.
1.28
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.
0.71
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.
0.91
Price movement
52 week high11.46
52 week low10.42
Current bid price-
Current offer price-
Current mid price11.41
Region
No data available.
Industry sector
1Investment Grade Corporate Bonds78.9%
2High Yield Bond15.3%
3Cash & Cash Equivalents5%
4Debt0.8%
Asset type
1Global Fixed Interest95.04%
2Cash & Cash Equivalents4.96%
Individual holdings
1Anheuser-Busch InBev Finance Inc 4.7% FEB 01 361.55%
2PSEG Power LLC 3% JUN 15 211.25%
3Verizon Communications Inc 4.500 SEP 15 201.09%
4JPMorgan Chase & Co 3.25 SEP 23 221.08%
5Home Depot Inc/The 2.000 JUN 15 191.04%
6AT&T Inc 2.45% JUN 30 200.99%
7American Honda Finance Corp 1.65% JUL 12 210.97%
8General Motors Financial Co Inc 3.45% APR 10 220.97%
9Equinix Inc 5.750 JAN 01 250.94%
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 appreciation, measured in US dollars.
Benchmark
  • Barclays U.S. Credit Bond Index
Investment style
None
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Richard O Hawkins31/03/2013Richard O. Hawkins, CFA, is an Investment Officer of MFS Investment Management® and portfolio manager of the firm's investment grade and multi-sector bond portfolios. Richard joined the firm in 1988 and was named portfolio manager in 1996. Richard earned a bachelor's degree from Brown University and a Master's of Business Administration from the University of Pennsylvania. He is a member of the Association for Investment Management and Research (AIMR) and the Boston Security Analysts Society, Inc. He holds the Chartered Financial Analyst (CFA) designation. Our portfolio managers are supported by our entire team of investment professionals in six worldwide offices, who apply a proprietary investment process that is research driven, globally integrated, and disciplined.
Robert D Persons31/03/2013Persons is the vice president of MFS. He has been employed in the investment management area of MFS since 2000. Prior to 2000 Persons was a bond analyst/portfolio manager at Scudder Kemper Investments
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Transparent for German Tax, Reporting Fund Status, UCITS IV Compliant, UCITS V Compliant
Domicile
No data available.
Fund for sale in
Austria, Belgium, Switzerland, Germany, Denmark, Spain, Finland, France, United Kingdom, Hong Kong, Ireland, Italy, Luxembourg, Netherlands, Norway, Offshore, Portugal, Singapore, Sweden, Taiwan - Province Of China
MFS Meridian US Corporate Bond A1 USD
Initial charge6%
Annual charge0.6%
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 price11.18
CurrencyUSD
Price updated23/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeIE1M
MFS Meridian US Corporate Bond A2 USD
Initial charge6%
Annual charge0.6%
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 price10.21
CurrencyUSD
Price updated23/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeIE1N
MFS Meridian US Corporate Bond A3 USD
Initial charge6%
Annual charge0.6%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.35%
Total expense ratio (TER)1.35%
Bid price-
Offer price-
Mid price10.27
CurrencyUSD
Price updated23/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeE9FT
MFS Meridian US Corporate Bond AH1 EUR
Initial charge6%
Annual charge0.6%
Min single investment£4,000
Min regular saving£4,000
Available in ISANo
Ongoing charge (OCF)1.35%
Total expense ratio (TER)1.35%
Bid price-
Offer price-
Mid price11.02
CurrencyEUR
Price updated23/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeIE1O
MFS Meridian US Corporate Bond C1 USD
Initial charge-
Annual charge0.6%
Min single investment£5,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)2.35%
Total expense ratio (TER)2.35%
Bid price-
Offer price-
Mid price10.78
CurrencyUSD
Price updated23/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeIE1P
MFS Meridian US Corporate Bond C2 USD
Initial charge-
Annual charge0.6%
Min single investment£5,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)2.35%
Total expense ratio (TER)2.35%
Bid price-
Offer price-
Mid price10.21
CurrencyUSD
Price updated23/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeIE1Q
MFS Meridian US Corporate Bond C3 USD
Initial charge-
Annual charge0.6%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.35%
Total expense ratio (TER)2.35%
Bid price-
Offer price-
Mid price10.24
CurrencyUSD
Price updated23/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeE9FU
MFS Meridian US Corporate Bond 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)0.65%
Total expense ratio (TER)0.65%
Bid price-
Offer price-
Mid price114.55
CurrencyUSD
Price updated23/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeIE1R
MFS Meridian US Corporate Bond IH1 EUR
Initial charge-
Annual charge0.5%
Min single investment£2,000,000
Min regular saving£2,000,000
Available in ISANo
Ongoing charge (OCF)0.65%
Total expense ratio (TER)0.65%
Bid price-
Offer price-
Mid price125.74
CurrencyEUR
Price updated23/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeIE1S
MFS Meridian US Corporate Bond IH1 GBP
Initial charge-
Annual charge0.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.65%
Total expense ratio (TER)0.65%
Bid price-
Offer price-
Mid price108.39
CurrencyGBP
Price updated23/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeE4TX
MFS Meridian US Corporate Bond N1 USD
Initial charge3%
Annual charge0.6%
Min single investment£5,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)1.85%
Total expense ratio (TER)1.85%
Bid price-
Offer price-
Mid price10.97
CurrencyUSD
Price updated23/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeIE1T
MFS Meridian US Corporate Bond N2 USD
Initial charge3%
Annual charge0.6%
Min single investment£5,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)1.85%
Total expense ratio (TER)1.85%
Bid price-
Offer price-
Mid price10.21
CurrencyUSD
Price updated23/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeIE1U
MFS Meridian US Corporate Bond N3 USD
Initial charge3%
Annual charge0.6%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.85%
Total expense ratio (TER)1.85%
Bid price-
Offer price-
Mid price10.25
CurrencyUSD
Price updated23/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeE9FV
MFS Meridian US Corporate Bond W1 USD
Initial charge-
Annual charge0.55%
Min single investment£5,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)0.75%
Total expense ratio (TER)0.75%
Bid price-
Offer price-
Mid price11.41
CurrencyUSD
Price updated23/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeIE1V
MFS Meridian US Corporate Bond W2 USD
Initial charge-
Annual charge0.55%
Min single investment£5,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)0.75%
Total expense ratio (TER)0.75%
Bid price-
Offer price-
Mid price10.27
CurrencyUSD
Price updated23/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeIE1W
MFS Meridian US Corporate Bond W3 USD
Initial charge-
Annual charge0.55%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.75%
Total expense ratio (TER)0.75%
Bid price-
Offer price-
Mid price10.29
CurrencyUSD
Price updated23/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeE9FW
MFS Meridian US Corporate Bond WH1 EUR
Initial charge-
Annual charge0.55%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.75%
Total expense ratio (TER)0.75%
Bid price-
Offer price-
Mid price10.72
CurrencyEUR
Price updated23/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeE4TY
MFS Meridian US Corporate Bond WH1 GBP
Initial charge-
Annual charge0.55%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.75%
Total expense ratio (TER)0.75%
Bid price-
Offer price-
Mid price10.83
CurrencyGBP
Price updated23/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeE4TZ
MFS Meridian US Corporate Bond WH2 EUR
Initial charge-
Annual charge0.55%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.75%
Total expense ratio (TER)0.75%
Bid price-
Offer price-
Mid price10.48
CurrencyEUR
Price updated23/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeE4UA
Data provided by

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