Fact sheet: MFS Meridian US Eq Opps

Fund information
Fund name
MFS Meridian US Equity Opportunities W1 USD
Fund manager company
MFS Meridian Funds
Fund type
Offshore Fund
Fund managers
  • Jonathan W. Sagesince 31/08/2015
  • John E. Stockssince 31/08/2015
  • James C. Fallonsince 31/08/2015
  • Matthew Krummellsince 19/02/2015
Fund objective
The fund's investment objective is to seek capital appreciation, measured in US dollars.
Benchmark
  • Russell 1000
Investment style
Growth
Investment method
Shares
Quick stats
1 Year return
6.4%
1 Year rank in sector
78/208
Sector
FO Equity - USA
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
£17m (£21m 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
Dodge & Cox US Stk40%
Oyster US Selection34.6%
Hermes US SMID Equity33.9%
T. Rowe Price USLgeCapValEq32.7%
GAM Star Gamco US Eq32.5%
...more in FO Equity - USA

Performance snapshot

Holdings snapshot

  • USA99.6%
    Money Market0.4%
  • Financial Services24.3%
    Services13.4%
    Retail12.1%
    Industrials9.7%
    Utilities7.8%
  • US Equities99.6%
    Cash & Cash Equivalents0.4%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund3.9%1.5%4.2%6.4%--
Sector4%2.4%5.9%5%19.1%70.1%
Rank within sector119 / 220131 / 219141 / 21378 / 208--
Quartile3rd3rd3rd2nd
Calendar performance
 YTD - 20162015201420132012
Fund10.1%----
Sector7.1%-1.6%10.7%31.8%10.2%
Rank within sector76 / 210----
Quartile2nd
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 high11.05
52 week low8.74
Current bid price-
Current offer price-
Current mid price10.93
Region
1USA99.6%
2Money Market0.4%
Industry sector
1Financial Services24.3%
2Services13.4%
3Retail12.1%
4Industrials9.7%
5Utilities7.8%
6Consumer Staples7.1%
7Health Care6.8%
8Technology5.5%
9Energy5.1%
Asset type
1US Equities99.6%
2Cash & Cash Equivalents0.4%
Individual holdings
1Amazon.com Inc3.51%
2Northrop Grumman Corp3.23%
3STORE Capital Corp REIT3.07%
4WEX Inc3.06%
5Gap Inc3.05%
6AutoZone Inc3.04%
7Hewlett Packard Enterprise Co3.01%
8Archer-Daniels-Midland Co2.92%
9Priceline Group Inc2.92%
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
  • Russell 1000
Investment style
Growth
Investment method
Shares
Fund managers
NameSinceBiography
Jonathan W. Sage31/08/2015Mr. 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.
John E. Stocks31/08/2015John E. Stocks, CFA, is an investment officer and a quantitative research analyst at MFS Investment Management® (MFS®). He is a member of the Quantitative Solutions team. His responsibilities include conducting research and analysis associated with alpha generation, risk management and asset allocation. He works closely with other members of the investment team to identify and prioritize research topics most relevant to the investment process. John began his career in the financial services industry as a teleservices representative for MFS beginning in 1999 and later re-joined MFS in 2001 as a quantitative research associate. In between, John worked as a client services specialist and order desk specialist at Patagon.com Securities. John earned a bachelor's degree from Lehigh University. He is a member of the Boston Security Analysts Society, Inc. and is a CFA charter holder. 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.
James C. Fallon31/08/2015James C. Fallon is an investment officer and a portfolio manager at MFS Investment Management® (MFS®). James manages domestic and international quantitative portfolios as a member of the MFS Quantitative Solutions Team. As a portfolio manager, James 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. He is based in MFS' Boston office. James joined MFS in 1999 as a securities lending administrator. He was promoted to equity research associate in 2000, and was named equity quantitative research analyst in 2001. He assumed his current role in 2007. Prior to joining MFS, James served as mutual fund custody accountant for Investors Bank & Trust and as a financial analyst for Bardon Trimount. James earned a bachelor's degree from the University of New Hampshire and a MBA from Boston University. James 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.
Matthew Krummell19/02/2015Matthew Krummell, CFA, is an investment officer and portfolio manager at MFS Investment Management® (MFS®). He joined MFS in 2001 as a quantitative equity research analyst. He has managed client assets at MFS since 2001. Prior to joining MFS, Matthew served as an analyst and portfolio manager at Pioneer Investments and assistant vice president at Putnam Investments, where he was responsible for developing and implementing trading and equity models. Prior to that, he was an associate at Mellon Capital Management. Matthew earned a bachelor’s degree from the University of California and a Master of Business Administration degree from the University of Chicago. He holds the Chartered Financial Analyst (CFA) designation from the CFA Institute. 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.
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, 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 Equity Opportunities 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 price10.73
CurrencyUSD
Price updated30/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFS1C
MFS Meridian US Equity Opportunities 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 price10.57
CurrencyEUR
Price updated30/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFS1D
MFS Meridian US Equity Opportunities 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 price10.59
CurrencyUSD
Price updated30/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFS1E
MFS Meridian US Equity Opportunities 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 price117.83
CurrencyEUR
Price updated30/11/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFS1K
MFS Meridian US Equity Opportunities 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 price134.8
CurrencyGBP
Price updated30/11/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFS1J
MFS Meridian US Equity Opportunities 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 price109.56
CurrencyUSD
Price updated30/11/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFS1I
MFS Meridian US Equity Opportunities 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 price107.79
CurrencyEUR
Price updated30/11/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFS1L
MFS Meridian US Equity Opportunities 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 price108.86
CurrencyGBP
Price updated30/11/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFS1M
MFS Meridian US Equity Opportunities 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 price10.64
CurrencyUSD
Price updated30/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFS1F
MFS Meridian US Equity Opportunities 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 price10.93
CurrencyUSD
Price updated30/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFS1G
MFS Meridian US Equity Opportunities 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 price10.69
CurrencyEUR
Price updated30/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeE4DZ
MFS Meridian US Equity Opportunities 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 price10.86
CurrencyGBP
Price updated30/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFS1H
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