Fact sheet: MFS Meridian US TtlRtrBnd

Fund information
Fund name
MFS Meridian US Total Return Bond A1 USD
Fund manager company
MFS Meridian Funds
Fund type
Offshore Fund
Fund managers
  • Robert D Personssince 18/08/2002
  • Joshua Marstonsince 31/08/2009
Fund objective
The fund's investment objective is to seek total return, measured in US dollars.
Benchmark
  • Barclays US Aggregate Bond Index
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
2.4%
1 Year rank in sector
22/48
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.
1.26%
Fund size
£825m (£645m 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.
41
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Performance snapshot

Holdings snapshot

  • International101.5%
    Money Market-1.5%
  • Investment Grade Corporate Bonds36%
    Asset/Mortgage-Backed Securities32.9%
    Government Bonds24.3%
    High Yield Bond6.5%
    Government Agency Bonds1%
  • Global Investment Grade Fixed Interest36%
    Global Corporate Fixed Interest30.2%
    US Government Fixed Interest25.3%
    Global High Yield Fixed Interest6.5%
    Global Fixed Interest2.7%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-2.2%-3%-1.2%2.4%7.2%12.8%
Sector-2.3%-3%-0.6%2.9%9%19.5%
Rank within sector16 / 5421 / 5231 / 5222 / 4824 / 4521 / 40
Quartile2nd2nd3rd2nd3rd3rd
Calendar performance
 YTD - 20162015201420132012
Fund2.9%-1.1%5.3%-1.7%6.3%
Sector3.3%-0.7%6%-1.1%10.1%
Rank within sector20 / 4833 / 4727 / 4518 / 4422 / 40
Quartile2nd3rd3rd2nd3rd
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.
-0.34
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%.
2.87
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.
1.04
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.
-0.61
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.
0.88
Price movement
52 week high17.46
52 week low16.41
Current bid price-
Current offer price-
Current mid price16.9
Region
1International101.5%
2Money Market-1.5%
Industry sector
1Investment Grade Corporate Bonds36%
2Asset/Mortgage-Backed Securities32.9%
3Government Bonds24.3%
4High Yield Bond6.5%
5Government Agency Bonds1%
6Local Government Bonds0.9%
7Debt0.6%
8Equities-0.7%
9Cash & Cash Equivalents-1.5%
Asset type
1Global Investment Grade Fixed Interest36%
2Global Corporate Fixed Interest30.2%
3US Government Fixed Interest25.3%
4Global High Yield Fixed Interest6.5%
5Global Fixed Interest2.7%
6Global Government Fixed Interest0.9%
7Global Emerging Market Fixed Interest0.6%
8US Equities-0.7%
9Cash & Cash Equivalents-1.5%
Individual holdings
1US Treasury Note 1.625% JUN 30 1911%
2United States Treasury Note 1.000 JUN 30 193.88%
3United States Treasury Note 0.750 JUN 30 172.79%
4Fannie Mae 3% DEC TBA1.54%
5United States Treasury Note 4.500 FEB 15 361.52%
6United States Treasury Note 2.875 MAY 15 431.51%
7US Treasury Note 1% DEC 15 171.18%
8US Treasury Note 1.625% NOV 30 200.82%
9Verizon Communications Inc 6.550 SEP 15 430.76%
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, measured in US dollars.
Benchmark
  • Barclays US Aggregate Bond Index
Investment style
None
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Robert D Persons18/08/2002Persons 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
Joshua Marston31/08/2009Joshua P. Marston is an Investment Officer, Director of Fixed Income, and Director of Structured & Financial Research at MFS Investment Management® (MFS®). Josh's responsibilities include managing MFS' fixed income portfolio management team as well as oversight of MFS' structured product strategy, dedicated structured product portfolios, and portfolio management responsibilities for several of the firm's other fixed income strategies. Josh joined MFS in 1999 as a credit analyst and was named portfolio manager and Head of Structured Product Research in 2002. In 2005, he was named Director of Structured & Financials Research and joined the Fixed Income Management Committee. Josh was appointed to his current position of Co-Director of Fixed Income in 2011. Prior to joining the firm, he spent three years as Director of Securities Investment for AMRESCO Capital Trust, where he oversaw firm level investment in commercial real estate securities and subordinate commercial real estate debt. Josh has a Bachelor of Science degree from Boston University and a Master of Science degree from Massachusetts Institute of Technology. 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, IA Recognised, Reporting Fund Status, UCITS IV Compliant, UCITS V 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 Total Return Bond A1 USD
Initial charge6%
Annual charge0.6%
Min single investment£5,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)1.26%
Total expense ratio (TER)1.26%
Bid price-
Offer price-
Mid price16.9
CurrencyUSD
Price updated02/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeYD99
MFS Meridian US Total Return Bond A2 USD
Initial charge6%
Annual charge0.6%
Min single investment£5,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)1.25%
Total expense ratio (TER)1.25%
Bid price-
Offer price-
Mid price10.19
CurrencyUSD
Price updated02/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeM775
MFS Meridian US Total Return Bond A3 USD
Initial charge6%
Annual charge0.6%
Min single investment£5,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.35%
Total expense ratio (TER)1.35%
Bid price-
Offer price-
Mid price9.8
CurrencyUSD
Price updated02/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeE9FN
MFS Meridian US Total Return 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 price9.82
CurrencyEUR
Price updated02/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFTAY
MFS Meridian US Total Return Bond B1 USD
Initial charge-
Annual charge0.6%
Min single investment£5,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)2.25%
Total expense ratio (TER)2.25%
Bid price-
Offer price-
Mid price14.65
CurrencyUSD
Price updated02/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeM729
MFS Meridian US Total Return Bond B2 USD
Initial charge-
Annual charge0.6%
Min single investment£5,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)2.25%
Total expense ratio (TER)2.25%
Bid price-
Offer price-
Mid price10.2
CurrencyUSD
Price updated02/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeM776
MFS Meridian US Total Return Bond C1 USD
Initial charge-
Annual charge0.6%
Min single investment£5,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)2.25%
Total expense ratio (TER)2.25%
Bid price-
Offer price-
Mid price14.53
CurrencyUSD
Price updated02/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeM730
MFS Meridian US Total Return Bond C2 USD
Initial charge-
Annual charge0.6%
Min single investment£5,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)2.25%
Total expense ratio (TER)2.25%
Bid price-
Offer price-
Mid price10.19
CurrencyUSD
Price updated02/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeM777
MFS Meridian US Total Return Bond C3 USD
Initial charge-
Annual charge0.6%
Min single investment£5,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.35%
Total expense ratio (TER)2.35%
Bid price-
Offer price-
Mid price9.74
CurrencyUSD
Price updated02/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeE9FO
MFS Meridian US Total Return 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)0.61%
Total expense ratio (TER)0.61%
Bid price-
Offer price-
Mid price158.46
CurrencyUSD
Price updated02/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeM731
MFS Meridian US Total Return 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 price99.41
CurrencyEUR
Price updated02/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFTAZ
MFS Meridian US Total Return Bond IH1 GBP
Initial charge-
Annual charge0.5%
Min single investment£1,500,000
Min regular saving£1,500,000
Available in ISANo
Ongoing charge (OCF)0.65%
Total expense ratio (TER)0.65%
Bid price-
Offer price-
Mid price102.54
CurrencyGBP
Price updated02/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFS0M
MFS Meridian US Total Return Bond N1 USD
Initial charge3%
Annual charge0.6%
Min single investment£5,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)1.75%
Total expense ratio (TER)1.75%
Bid price-
Offer price-
Mid price10.39
CurrencyUSD
Price updated02/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeIDIM
MFS Meridian US Total Return Bond N2 USD
Initial charge3%
Annual charge0.6%
Min single investment£5,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)1.75%
Total expense ratio (TER)1.75%
Bid price-
Offer price-
Mid price9.7
CurrencyUSD
Price updated02/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeIDIN
MFS Meridian US Total Return Bond N3 USD
Initial charge3%
Annual charge0.6%
Min single investment£5,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.85%
Total expense ratio (TER)1.85%
Bid price-
Offer price-
Mid price9.76
CurrencyUSD
Price updated02/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeE9FP
MFS Meridian US Total Return Bond W1 USD
Initial charge-
Annual charge0.55%
Min single investment£5,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)0.7%
Total expense ratio (TER)0.7%
Bid price-
Offer price-
Mid price12.86
CurrencyUSD
Price updated02/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeIBJ0
MFS Meridian US Total Return Bond W2 USD
Initial charge-
Annual charge0.55%
Min single investment£5,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)0.71%
Total expense ratio (TER)0.71%
Bid price-
Offer price-
Mid price9.7
CurrencyUSD
Price updated02/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeF23H
MFS Meridian US Total Return Bond W3 USD
Initial charge-
Annual charge0.55%
Min single investment£5,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.75%
Total expense ratio (TER)0.75%
Bid price-
Offer price-
Mid price9.82
CurrencyUSD
Price updated02/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeE9FQ
MFS Meridian US Total Return Bond WH1 CHF
Initial charge-
Annual charge0.55%
Min single investment£4,500
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.75%
Total expense ratio (TER)0.75%
Bid price-
Offer price-
Mid price9.65
CurrencyCHF
Price updated02/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeEAOO
MFS Meridian US Total Return Bond WH1 EUR
Initial charge-
Annual charge0.55%
Min single investment£4,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.75%
Total expense ratio (TER)0.75%
Bid price-
Offer price-
Mid price10.17
CurrencyEUR
Price updated02/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeE4QB
MFS Meridian US Total Return Bond WH1 GBP
Initial charge-
Annual charge0.55%
Min single investment£2,500
Min regular saving£2,500
Available in ISANo
Ongoing charge (OCF)0.75%
Total expense ratio (TER)0.75%
Bid price-
Offer price-
Mid price10.23
CurrencyGBP
Price updated02/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFS0L
Data provided by

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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.