| Morningstar Fund Report | 17/04/2025 |  |
MFS Meridian Funds - Emerging Markets Debt Fund W2 USD |
| Performance History | 31/03/2025 |
| Growth of 1,000 (GBP) | Advanced Graph |
 | Fund | -1.6 | -4.6 | 4.0 | 8.8 | -1.0 |
| +/-Cat | 1.3 | 1.0 | -0.2 | 2.1 | -0.4 |
| +/-B’mrk | 0.3 | 1.2 | -0.1 | 4.7 | -0.5 |
| Category: Global Emerging Markets Bond | ||||||
| Category Benchmark: Morningstar EM Sov Bd GR USD | ||||||
| Key Stats | ||
| NAV 16/04/2025 | USD 7.63 | |
| Day Change | 0.06% | |
| Morningstar Category™ | Global Emerging Markets Bond | |
| ISIN | LU0808560162 | |
| Fund Size (Mil) 16/04/2025 | USD 2879.70 | |
| Share Class Size (Mil) 16/04/2025 | USD 56.63 | |
| Max Initial Charge | - | |
| Ongoing Charge 19/02/2025 | 0.90% | |
| Morningstar Research |
| Analyst Report | 07/11/2024 Giovanni Cafaro, Analyst Morningstar, Inc |
MFS Meridian Emerging Markets Debt’s strengths are its experienced team and diligent investment process. The Morningstar Analyst Rating for the fund’s clean (W1) share class remains at Bronze; cheaper share classes are rated Silver, while the... | |
| Click here to read this analyst report on the underlying fund. | |
| Morningstar Pillars | |
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| People | 24 |
| Parent | 24 |
| Process | 24 |
| Performance | |
| Price | |
| Investment Objective: MFS Meridian Funds - Emerging Markets Debt Fund W2 USD |
| The Fund’s objective is total return, measured in U.S. dollars. The Fund invests primarily (at least 70%) in emerging market debt instruments. The Fund generally focuses its investments in U.S. dollar denominated emerging market debt instruments but may also invest in emerging market debt instruments issued in other currencies. Such emerging market countries are located in Latin America, Asia, Africa, the Middle East, and the developing countries of Europe, primarily Eastern Europe. The Fund generally focuses its investments in government and government-related debt instruments but may also invest in corporate debt instruments. The Fund may invest all of its assets in below investment grade debt instruments. The Fund may invest a relatively large percentage of the Fund’s assets in a small number of countries and/ or a particular geographic region. |
| Returns | ||||||||||||||||
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| Management | ||
Manager Name Start Date | ||
Ward Brown 26/03/2009 | ||
Neeraj Arora 01/09/2019 | ||
| Click here to see others | ||
Inception Date 24/08/2012 | ||
| Category Benchmark | |
| Fund Benchmark | Morningstar Benchmark |
| JPM EMBI Global Diversified TR USD | Morningstar EM Sov Bd GR USD |
| Portfolio Profile for MFS Meridian Funds - Emerging Markets Debt Fund W2 USD | 28/02/2025 |
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| Growth Of 1000 (GBP) | 31/03/2025 |
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| Annual Returns (GBP) | 31/03/2025 | |||||||
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 31/03 | |
| Price Return | 0.60 | 9.51 | 4.34 | -1.56 | -4.62 | 4.04 | 8.78 | -0.98 |
| +/- Category | 0.92 | 1.81 | 1.67 | 1.32 | 1.04 | -0.17 | 2.12 | -0.40 |
| +/- Category Index | -1.63 | -0.49 | 1.28 | 0.26 | 1.16 | -0.08 | 4.65 | -0.53 |
| % Rank in Category | 38 | 37 | 23 | 34 | 37 | 52 | 32 | 61 |
| Trailing Returns (GBP) | 16/04/2025 | ||
| Total Returns | +/- Category | +/- Category Index | |
| 1 Day | 0.06 | 0.05 | 0.07 |
| 1 Week | -2.10 | 0.78 | 0.42 |
| 1 Month | -4.46 | -0.14 | -0.29 |
| 3 Months | -7.86 | -1.26 | -1.06 |
| 6 Months | -3.07 | -1.42 | 0.95 |
| YTD | -5.44 | -0.90 | -0.74 |
| 1 Year | 0.73 | 0.89 | 0.76 |
| 3 Years Annualised | 3.12 | -0.25 | 1.17 |
| 5 Years Annualised | 1.80 | -0.15 | 1.15 |
| 10 Years Annualised | 3.60 | 0.24 | 0.10 |
| Category: Global Emerging Markets Bond | |||
| Category Index: Morningstar EM Sov Bd GR USD | |||
| Quarterly Returns (GBP) | 31/03/2025 | |||
| Quarter 1 | Quarter 2 | Quarter 3 | Quarter 4 | |
| 2025 | -0.98 | - | - | - |
| 2024 | 3.38 | 0.13 | 0.05 | 5.04 |
| 2023 | -1.02 | -1.19 | 1.59 | 4.72 |
| 2022 | -5.51 | -4.26 | 4.33 | 1.05 |
| 2021 | -5.02 | 3.40 | 1.78 | -1.51 |
| 2020 | -6.25 | 12.34 | -1.80 | 0.89 |
| Morningstar Rating™(Relative to Category) | 31/03/2025 | ||||||||||||||||||||
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| Category : Global Emerging Markets Bond | Click here to see our Methodology | ||||||||||||||||||||
| Volatility Measurements | 31/03/2025 | ||||||||||
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| Modern Portfolio Statistics | 31/03/2025 | 31/03/2025 |
| Standard Index | Best Fit Index | |
| Morningstar EM Sov Bd GR USD | JPM EMBI Plus TR USD | |
| 3-Yr Beta | 0.94 | 0.86 |
| 3-Yr Alpha | 1.45 | 0.28 |
| Fixed Income Style | 28/02/2025 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Asset Allocation | 28/02/2025 |
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| Top 10 Holdings | 28/02/2025 |
| Portfolio NEW | |
| Total Number of Equity Holdings | 0 |
| Total Number of Bond Holdings | 396 |
| Assets in Top 10 Holdings | 14.67 |
| Name | Sector | Country | % of Assets | ||
 United States Treasury Notes 2.75% |  | United States | 2.83 | ||
| 5 Year Treasury Note Future June 25 | | United States | 2.75 | ||
| US Treasury Bond Future June 25 | | United States | 1.56 | ||
| 10 Year Treasury Note Future June 25 | | United States | 1.46 | ||
 Oman (Sultanate Of) 6.75% | | Oman | 1.09 | ||
| Oman (Sultanate Of) 7% | | Oman | 1.09 | ||
| Dominican Republic 4.88% | | Dominican Republic | 1.02 | ||
| Ultra 10 Year US Treasury Note Future...
| | United States | 0.98 | ||
| Argentina (Republic Of) 3.5% | | Argentina | 0.98 | ||
| Argentina (Republic Of) 3.63% | | Argentina | 0.91 | ||
Increase Decrease  New since last portfolio | |||||
| Category: Global Emerging Markets Bond | |||||
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| Biography | |
| Ward Brown, CFA, Ph.D., is an investment officer and fixed income portfolio manager at MFS Investment Management® (MFS®). He is a member of the Emerging Markets Debt team, and his duties include managing the firm's emerging market debt strategies in addition to conducting macroeconomic research and individual credit analysis. Ward joined MFS in 2005 as a fixed-income research analyst and was named portfolio manager in 2008. Prior to joining MFS, he served as an economist for the International Monetary Fund for eight years. Ward spent four years as a research and teaching assistant for the Financial Markets Group at the London School of Economics and Political Science and later served as a lecturer at the school in the Economics Department. Ward earned his bachelor's degree from McGill University and holds a master's and a doctoral degree in Economics from the London School of Economics and Political Science. He holds the Chartered Financial Analyst designation. |
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| Fund Manager | Neeraj Arora |
| Manager Start Date | 01/09/2019 |
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| Biography | |
| Neeraj Arora is an investment officer and fixed income research analyst for MFS Investment Management® (MFS®). He is a member of the portfolio management team for the firm's Strategic Income strategy, responsible for managing the emerging market debt securities within the strategy. He is a member of the firm's emerging market debt team and works closely with MFS' emerging markets debt portfolio management team to identify attractive investment opportunities. Neeraj joined MFS in 2011. He was previously a vice president and research analyst at J.P. Morgan. He added portfolio management responsibilities in 2018. He earned a bachelor's degree from Marquette University and holds a Master's of Business Administration from Georgetown University. |
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| Fund Manager | Matthew Ryan |
| Manager Start Date | 01/10/2002 |
| Career Start Year | 1987 |
| Education |
| 1983, Williams College, B.A. |
| 1986, Johns Hopkins University, M.S. |
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| Biography | |
| Matthew W. Ryan, CFA, is an investment officer and a portfolio manager of Massachusetts Financial Services Company. Before joining the firm in 1997, Matt worked for four years as an economist at the International Monetary Fund and for five years as an international economist with the U.S. Department of the Treasury. He was named a portfolio manager at MFS in 1998. He is a graduate of Williams College and earned a master's degree in international economics and foreign policy from Johns Hopkins University. Matt also holds the Chartered Financial Analyst (CFA) designation. |
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