MFS Meridian UK Equity I GBP

A team managed fund of best ideas leading to a concentrated portfolio of 20-30 stocks.

  • 12625.00p
    Price (Inc)

    These are the shares in the fund that pay out an income to clients. The income is made up of the total dividends – the money a company can pay out to its investors – from the companies in the fund.

  • 22008.00p
    Price (Acc)

    These are the shares in the fund that don’t pay out an income to clients. Any dividends – the money a company can pay out to its investors – are reinvested into companies in the fund. Despite no income, the shares should be worth more over time. Good incentive, eh?

  • 0.00%

    Initial charge

    Some funds charge you when you first invest, which is aptly known as the initial charge. They’re usually between 3-5% but at Bestinvest, we usually don’t charge you a penny!

  • 0.85%
    Annual management charge

    This is how much the fund management company charges to run the fund. It’s like paying a babysitter, dog sitter or house sitter (that makes well-informed, heavily researched changes to improve your baby/dog/house when needed).

  • 0.98%
    Ongoing charges

    This stands for Ongoing Charges Figure. It’s the cost of running a fund and includes admin fees, manager fees, administration costs, etc.

  • 0.00%
    Yield

    How much the fund is currently paying out in income to investors. It’s NOT to be confused with the overall growth of a fund – a very different thing indeed. It’s also NOT a guarantee of future pay-outs, just a snapshot. This is more what it’s not than what it is…

Prices as at 26 January 2021

This is a best ideas fund managed by the house's UK research team. At between 20-30 stocks each stock having a large positive/negative effect on the funds overall performance. As with all aggressive products this fund is not for the faint hearted but rather for those wishing higher than average growth potential at higher than average risk.

Fund summary

Sector UK All Companies
Structure OFFSHORE FUND
Launched February, 2006
Size £19m
Yield 0.00%
Charging basis
Dividends paid Jan, Jul

Charges

Standard initial charge 0.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 0.85%
Ongoing charges figure 0.98%

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Investment process

This fund is managed by MFS's committee of UK analysts. The process is driven through bottom-up research with portfolio weightings varying considerably from the FTSE All-Share index. Investment takes place within stocks of any market capitalisation with the emphasis placed upon good companies in growth industries with strong management. The aim will be to invest within the best ideas provided by the sector analysts.

Manager research

Average monthly relative returns

  • 16/17 0.00%
  • 17/18 -0.15%
  • 18/19 0.01%
  • 19/20 0.01%
  • 20/21 0.00%

Bestinvest MRI

  • 3 years 0.00%
  • 5 years 0.00%
  • Career 0.01%
  • 3 years 0.00%
  • 5 years 0.00%
  • Career 56.40%

Performance figures are based on the average of monthly percentage returns relative to the benchmark index.

MFS UK Equity Analysts

Track record

Mfs Uk Equity Analysts has 4.1 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been +0.01%. During the worst period of relative performance (from September 2002 - June 2005) there was a decline of 7% relative to the index. The worst absolute loss has been 28%. Statistically, we estimate the probability that this fund manager is adding value, rather than being lucky, is 56%.

Periods of worst performance

Absolute -28.00% (April 2002 - January 2003)
Relative -7.00% (September 2002 - June 2005)

About the MRI

Our unique indicator: the Bestinvest Manager Record Index (MRI) measures the likelihood that the fund manager is adding value through their decisions. It is based on their performance record over the course of their career, adjusted for the amount of risk taken. MRI is an important contributor to our fund rating system but it is also vital to take account of qualitative factors. It is also very important to select funds to form a cohesive portfolio with an appropriate overall risk level.

Allocation

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Portfolio

The fund invests within 20-30 stocks making this a very concentrated portfolio.

Key Investor Information - Income

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Key Investor Information - Accumulation

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