MFS Meridian Funds - European Value Fund A1 USD
MFS Meridian Funds (SICAV domiciled in Luxembourg)
Key Information
Legal Documents
Performance
Analysis

Fund Profile

Category: SICAV

Objective The fund’s objective is capital appreciation, measured in Euros. Investment Policy The fund invests primarily (at least 70%) in European equity securities. Some of the countries in Europe, primarily those in Eastern Europe, are currently considered emerging market economies. The fund generally focuses its investments in companies it believes to be undervalued compared to their intrinsic value (value companies). The fund may use derivatives for hedging and/or investment purposes but will not primarily use derivatives to achieve the fund's investment objective. The fund’s benchmarks, MSCI Europe Index (EUR) and MSCI Europe Value Index (EUR), are indicated for performance comparison only. Although the fund’s investments will generally be represented in the benchmark, components are likely to be weighted differently from the benchmark and the fund is likely to invest outside of the benchmark to take advantage of attractive investment opportunities. The fund is actively managed within its objectives and the investment strategy will not restrict the extent to which portfolio holdings may deviate from the benchmark. It is expected that the fund's deviation from the benchmark will be significant. Distributions Income will not be distributed to shareholders but reflected in the assets of the fund. Redeeming Shares You may sell your shares on each business day when banks in Luxembourg are open for normal business and the New York Stock Exchange is open for trading. Terms to Understand Equity securities represent an ownership interest, or the right to acquire an ownership interest, in a company or other issuer. Derivatives are financial contracts whose value is based on the value of one or more underlying indicators or the difference between underlying indicators.

Morningstar Rating
More information about the calculation of the Morningstar Ratings
Risk and reward profile
6
Lower Risk
Possible Lower
Returns
Higher Risk
Possible Higher
Returns
Key Information
Closing Price 22/09/202028.58
Morningstar categoryEurope Large-Cap Blend Equity
CurrencyUSD
Distribution statusAccumulating
ISINLU0219440764
Inception Date26/09/2005
Minimum initial amount100.00 USD
Fees And Charges
Entry feeNone
Custody feeNone
Exit feeNone
Ongoing charge1.91% of which 0.75% is paid to MeDirect
Fund management company
AddressMFS Meridian Funds 35, Boulevard du Prince Henri L-1724 Luxembourg
Manager NameGabrielle G. Gourgey
Manager Start Date15/02/2013
Websitewww.mfs.com
Total Net Assets (mil)5,234.17 USD (31/08/2020)
UCITSYes
AdministratorState Street Bank International GmbH, Luxembourg Branch

Documents

Prospectus
en 04/11/2019
Annual Report
en 31/01/2020
Semi Annual Report
en 31/07/2019
Morningstar Report
23/09/2020

Performance

Historical returns are no guarantee for future performances. Investing in Financial markets and securities involves risk. Past performance is not a guarantee of future results. Investment losses may occur and investors could lose some or all of their investment in the Fund.
Entry fees, purchase charges, custody fees, exit fees, sale charges and taxes are not included in the calculation of past performance. Ongoing charges (including management fees, administrative fees and other costs) have been taken in to account, as they are already included in the price/NAV of the fund.
The performance in euro can be lower or higher than the performance in the currency of denomination of the fund due to fluctuations in exchange rates.
Annualised performance in USD
PeriodAnnualised returnDate
1 year8.09%22/09/2020
3 years6.28%22/09/2020
5 years8.22%22/09/2020
10 years8.28%22/09/2020
Since launch7.26%22/09/2020
Cumulative performance in USD
Performance
YTD 01/01/2020-0.38
1 month-1.14
3 months6.44
6 months39.35
Quarterly Returns
Q 1Q 2Q 3Q 4
2020-19.80%15.82%--
201911.67%5.13%-1.90%8.88%
2018-1.14%0.44%1.82%-11.32%
20178.62%9.60%3.60%6.82%
20161.28%-1.22%5.13%-9.10%
Dividend

Asset Allocation
% Long% Short% Net Assets
Stock98.01%0.00%98.01%
Bond0.00%0.00%0.00%
Cash11.56%9.57%1.99%
Other0.00%0.00%0.00%
Return/Risk Analysis
Risk Measurement1 Year3 Years5 Years
Standard Deviation
18.0312.9211.75
Sharpe Ratio
0.320.680.65
Sortino Ratio
0.390.920.92
Positive Months9.0024.0039.00
Negative Months3.0012.0021.00
Worst Month-13.30-13.30-13.30
World Regions
Region%
Eurozone51.07
Europe - ex Euro22.82
United Kingdom22.04
United States1.36
Middle East0.72
Stock Sector Weighting
Sector% of Equity
Consumer Defensive
22.66
Industrials18.86
Technology13.23
Consumer Cyclical
10.57
Healthcare8.92
Real Estate7.12
Basic Materials6.92
Financial Services6.55
Utilities2.93
Communication Services0.25
Top 10 Holdings
HoldingSectorCountry% of Assets
Nestle SA Consumer DefensiveSwitzerland6.11
Schneider Electric SE IndustrialsFrance3.37
SAP SE TechnologyGermany3.12
Novo Nordisk A/S B HealthcareDenmark3.06
Henkel AG & Co KGaA Participating Preferred Consumer DefensiveGermany2.97
Iberdrola SA UtilitiesSpain2.93
Heineken NV Consumer DefensiveNetherlands2.88
Deutsche Wohnen SE Real EstateGermany2.75
Pernod Ricard SA Consumer DefensiveFrance2.68
Dassault Systemes SE TechnologyFrance2.52
Classification of Morningstar Category
Ranking1 Year2 Years3 Years5 Years
Top 25%
Category above the average
Category below the average
Bottom 25%
Morningstar Style Box
Equity Style
Large
Size
Mid
Small
Value
Blend
Growth
Style
$
28.58
Closing Price
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