Fact sheet: MFS Meridian US Value

Fund information
Fund name
MFS Meridian US Value W1 GBP
Fund manager company
MFS Meridian Funds
Fund type
Offshore Fund
Fund managers
  • Katrina Meadsince 14/10/2001
  • Steven R Gorhamsince 14/10/2001
  • Nevin P Chitkarasince 30/04/2006
Fund objective
The fund's investment objective is to seek capital appreciation, measured in US dollars.
Benchmark
  • Russell 1000 Value
Investment style
Value
Investment method
Shares
Quick stats
1 Year return
11.2%
1 Year rank in sector
-
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
£1,645m (£1,468m 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.
84
Top in this sector
Fund name1 Year
Dodge & Cox US Stk45.2%
Wells Fargo WW US SelEqt40.6%
GAM Star Gamco US Eq40.1%
Oyster US Selection39.7%
Hermes US SMID Equity38.7%
...more in FO Equity - USA

Performance snapshot

Holdings snapshot

  • USA98.5%
    Money Market1.5%
  • Financial Services27%
    Health Care15.6%
    Industrials11.9%
    Consumer Staples10.9%
    Basic Materials5.3%
  • US Equities98.5%
    Cash & Cash Equivalents1.5%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund5.7%2.9%4.3%11.2%31.8%91.4%
Sector5.8%3.4%6.7%7.6%21.4%73.7%
Rank within sector------
Quartile
Calendar performance
 YTD - 20162015201420132012
Fund12.3%-0.5%16.3%31.8%9.3%
Sector8.8%-1.6%10.7%31.8%10.2%
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.
4.08
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.
0.81
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.
0.52
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%.
10.68
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.
6.31
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.
0.45
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.
0.7
Price movement
52 week high18.57
52 week low15.04
Current bid price-
Current offer price-
Current mid price18.57
Region
1USA98.5%
2Money Market1.51%
Industry sector
1Financial Services27%
2Health Care15.6%
3Industrials11.9%
4Consumer Staples10.9%
5Basic Materials5.3%
6Energy5.1%
7Services4.8%
8Leisure4.6%
9Technology3.1%
Asset type
1US Equities98.5%
2Cash & Cash Equivalents1.51%
Individual holdings
1JPMorgan Chase & Co4.6%
2Johnson & Johnson3.54%
3Philip Morris International Inc3.26%
4Wells Fargo & Co3.07%
5Honeywell International Inc2.88%
6Accenture PLC2.68%
7Northrop Grumman Corp2.48%
8Medtronic PLC2.27%
9Pfizer Inc2.04%
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 Value
Investment style
Value
Investment method
Shares
Fund managers
NameSinceBiography
Katrina Mead14/10/2001Katrina Mead, CFA, is an investment officer and institutional equity portfolio manager at MFS Investment Management® (MFS®). She is a member of the value portfolio management team. She participates in the research process and in strategy discussions, communicates investment policy, strategy and positioning, customizes portfolios to client objectives and guidelines and manages daily cash flows. She joined MFS in 1997 as an equity research analyst specializing in global auto and auto parts, medical devices, telecom and networking and U.S. regional banks. She was named an institutional portfolio manager in 2002. Prior to joining the firm, she spent two years as a financial analyst for Coopers & Lybrand. She earned a bachelor’s degree in finance from Villanova University and an MBA from the Wharton School of the University of Pennsylvania. She holds the Chartered Financial Analyst certification and 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.
Steven R Gorham14/10/2001Steven R. Gorham, CFA, is an Investment Officer of MFS Investment Management (MFS) and a Portfolio Manager of the value and global balanced portfolios of our mutual funds, variable annuities and institutional investment products. Steve joined MFS in 1989 as a teleservices representative and became a member of the Financial Advisor Division sales desk in 1991. In 1992 he joined the Equity Research Department, and he became a research analyst in 1993 and an Investment Officer in 1996. He was named portfolio manager in 2000. He is a graduate of the University of New Hampshire and has an MBA from Boston College. He is a member of The Boston Security Analysts Society, Inc., and 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.
Nevin P Chitkara30/04/2006Chitkara joined MFS in 1997 as an equity research analyst following telecom services, electrical equipment, food, beverage & tobacco, transportation and business services. He was named portfolio manager in 2006. Previous experience includes: five years in Financial Management, Corporate Audit and Mergers & Acquisitions for General Electric Company.
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, Belgium, Switzerland, Chile, Germany, Denmark, Spain, Finland, France, United Kingdom, Hong Kong, Ireland, Italy, Luxembourg, Netherlands, Norway, Offshore, Peru, Portugal, Singapore, Sweden, Taiwan - Province Of China
MFS Meridian US Value A1 USD
Initial charge6%
Annual charge1.05%
Min single investment£5,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)1.93%
Total expense ratio (TER)1.93%
Bid price-
Offer price-
Mid price24.42
CurrencyUSD
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeM317
MFS Meridian US Value AH1 EUR
Initial charge6%
Annual charge1.05%
Min single investment£4,000
Min regular saving£4,000
Available in ISANo
Ongoing charge (OCF)1.96%
Total expense ratio (TER)1.96%
Bid price-
Offer price-
Mid price16.43
CurrencyEUR
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMSU9
MFS Meridian US Value B1 USD
Initial charge-
Annual charge1.05%
Min single investment£5,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)2.67%
Total expense ratio (TER)2.67%
Bid price-
Offer price-
Mid price21.84
CurrencyUSD
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeM319
MFS Meridian US Value C1 USD
Initial charge-
Annual charge1.05%
Min single investment£5,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)2.68%
Total expense ratio (TER)2.68%
Bid price-
Offer price-
Mid price21.54
CurrencyUSD
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeTY94
MFS Meridian US Value 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)0.84%
Total expense ratio (TER)0.84%
Bid price-
Offer price-
Mid price239.17
CurrencyEUR
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code0MGS
MFS Meridian US Value 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)0.84%
Total expense ratio (TER)0.84%
Bid price-
Offer price-
Mid price300.7
CurrencyGBP
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeTO95
MFS Meridian US Value 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)0.84%
Total expense ratio (TER)0.84%
Bid price-
Offer price-
Mid price222.91
CurrencyUSD
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeTO20
MFS Meridian US Value 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 price175.92
CurrencyEUR
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeMSV0
MFS Meridian US Value N1 USD
Initial charge3%
Annual charge1.05%
Min single investment£5,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)2.43%
Total expense ratio (TER)2.43%
Bid price-
Offer price-
Mid price14.43
CurrencyUSD
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeIDIJ
MFS Meridian US Value 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 price18.57
CurrencyGBP
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMSV1
MFS Meridian US Value W1 USD
Initial charge-
Annual charge0.8%
Min single investment£5,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)0.93%
Total expense ratio (TER)0.93%
Bid price-
Offer price-
Mid price21.54
CurrencyUSD
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeIBJ7
MFS Meridian US Value 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 price10.96
CurrencyEUR
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeE4PW
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