Fact sheet: MFS Meridian US Govt Bond

Fund information
Fund name
MFS Meridian US Government Bond A2 USD
Fund manager company
MFS Meridian Funds
Fund type
Offshore Fund
Fund manager
  • Geoffrey L Schechtersince 01/01/2008
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 Capital U.S. Government/Mortgage Bond Index (USD)
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
-0%
1 Year rank in sector
6/7
Sector
FO Fixed Int - USD Government
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.
1.27%
Fund size
£424m (£358m 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.
77
Top in this sector
Fund name1 Year
JI Emerging Markets Bonds CL8.6%
JI Emerging Market Bonds EUR CL7%
JI Dollar Bonds CL1.5%
BlackRock GF US Govt Mortg1.4%
Franklin US Gover0.2%
...more in FO Fixed Int - USD Government

Performance snapshot

Holdings snapshot

  • USA98.2%
    Money Market1.8%
  • Asset/Mortgage-Backed Securities54.5%
    Government Bonds36%
    Government Agency Bonds5.8%
    Cash & Cash Equivalents1.8%
    Investment Grade Corporate Bonds1.3%
  • US Fixed Interest56.4%
    US Government Fixed Interest41.8%
    Money Market1.8%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-2.4%-3.5%-2.5%-0%3.8%3.3%
Sector-2.2%-3%-0.9%2.2%4.5%4.5%
Rank within sector4 / 74 / 76 / 76 / 76 / 76 / 7
Quartile3rd3rd4th4th4th4th
Calendar performance
 YTD - 20162015201420132012
Fund0.3%-0.3%4.3%-3.2%1.9%
Sector2.7%-1%2.9%-2.2%1.7%
Rank within sector6 / 74 / 75 / 75 / 75 / 7
Quartile4th3rd3rd3rd3rd
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.
-0.12
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.
0.97
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%.
2.8
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.
1.49
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.
-0.11
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 high10.82
52 week low10.3
Current bid price-
Current offer price-
Current mid price10.32
Region
1USA98.2%
2Money Market1.8%
Industry sector
1Asset/Mortgage-Backed Securities54.5%
2Government Bonds36%
3Government Agency Bonds5.8%
4Cash & Cash Equivalents1.8%
5Investment Grade Corporate Bonds1.3%
6Local Government Bonds0.5%
7Debt0.1%
Asset type
1US Fixed Interest56.4%
2US Government Fixed Interest41.8%
3Money Market1.8%
Individual holdings
1United States Treasury Note/Bond 2.500 AUG 15 237.3%
2United States Treasury Note 2.875 MAY 15 433.68%
3United States Treasury Note 2.625 AUG 15 203.21%
4United States Treasury Note 3.125 MAY 15 192.83%
5US Treasury Note 1.625% JUN 30 192.69%
6United States Treasury Note 3.125 MAY 15 212.35%
7Fannie Mae 3% DEC TBA2.27%
8Ginnie Mae II Pool MA3663 3.500 MAY 20 461.86%
9United States Treasury Note 4.5 AUG 15 391.86%
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 Capital U.S. Government/Mortgage Bond Index (USD)
Investment style
None
Investment method
Fixed Interest
Fund manager
NameSinceBiography
Geoffrey L Schechter01/01/2008Mr. Geoffrey L. Schechter, CFA, CPA, Geoff, is a Senior Vice President, Investment Officer, and Portfolio Manager at MFS Investment Management, Inc. He serves as a Portfolio Manager of the firm's government securities and municipal bond funds. Mr. Schechter joined MFS as an Investment Officer in 1993. He was named a Portfolio Manager in 1993. Previously, Mr. Schechter served as a Municipal Credit Analyst at a major insurance company. He holds the Chartered Financial Analyst and Certified Public Accountant designations. Mr. Schechter graduated from the University of Texas and earned an M.B.A. degree from Boston University.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Transparent for German Tax, 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, Gulf Cooperation Council, Hong Kong, Ireland, Italy, Luxembourg, Netherlands, Norway, Offshore, Portugal, Singapore, Sweden, Taiwan - Province Of China
MFS Meridian US Government Bond A1 EUR
Initial charge6%
Annual charge0.6%
Min single investment£4,000
Min regular saving£4,000
Available in ISANo
Ongoing charge (OCF)1.28%
Total expense ratio (TER)1.28%
Bid price-
Offer price-
Mid price11.81
CurrencyEUR
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF23O
MFS Meridian US Government Bond A1 USD
Initial charge6%
Annual charge0.6%
Min single investment£5,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)1.27%
Total expense ratio (TER)1.27%
Bid price-
Offer price-
Mid price17.03
CurrencyUSD
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeM767
MFS Meridian US Government Bond A2 USD
Initial charge6%
Annual charge0.6%
Min single investment£5,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)1.27%
Total expense ratio (TER)1.27%
Bid price-
Offer price-
Mid price10.32
CurrencyUSD
Price updated06/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeYD21
MFS Meridian US Government Bond B1 USD
Initial charge-
Annual charge0.6%
Min single investment£5,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)2.27%
Total expense ratio (TER)2.27%
Bid price-
Offer price-
Mid price14.52
CurrencyUSD
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeM768
MFS Meridian US Government Bond B2 USD
Initial charge-
Annual charge0.6%
Min single investment£5,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)2.27%
Total expense ratio (TER)2.27%
Bid price-
Offer price-
Mid price10.33
CurrencyUSD
Price updated06/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeTM27
MFS Meridian US Government Bond C1 USD
Initial charge-
Annual charge0.6%
Min single investment£5,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)2.27%
Total expense ratio (TER)2.27%
Bid price-
Offer price-
Mid price14.42
CurrencyUSD
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeM769
MFS Meridian US Government Bond C2 USD
Initial charge-
Annual charge0.6%
Min single investment£5,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)2.27%
Total expense ratio (TER)2.27%
Bid price-
Offer price-
Mid price10.34
CurrencyUSD
Price updated06/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeM941
MFS Meridian US Government 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)0.63%
Total expense ratio (TER)0.63%
Bid price-
Offer price-
Mid price150.78
CurrencyUSD
Price updated06/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeM770
MFS Meridian US Government Bond N1 USD
Initial charge3%
Annual charge0.6%
Min single investment£5,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)1.78%
Total expense ratio (TER)1.78%
Bid price-
Offer price-
Mid price9.98
CurrencyUSD
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeIDIK
MFS Meridian US Government Bond N2 USD
Initial charge3%
Annual charge0.6%
Min single investment£5,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)1.78%
Total expense ratio (TER)1.78%
Bid price-
Offer price-
Mid price9.49
CurrencyUSD
Price updated06/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeIDIL
MFS Meridian US Government Bond W1 USD
Initial charge-
Annual charge0.55%
Min single investment£5,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)0.73%
Total expense ratio (TER)0.73%
Bid price-
Offer price-
Mid price11.64
CurrencyUSD
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeIBJ3
MFS Meridian US Government Bond W2 USD
Initial charge-
Annual charge0.55%
Min single investment£5,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)0.72%
Total expense ratio (TER)0.72%
Bid price-
Offer price-
Mid price9.33
CurrencyUSD
Price updated06/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeF23N
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