Morningstar Fund Report  | 05/04/2025Print

MFS Meridian Funds - European Smaller Companies Fund W1 EUR

Performance History31/03/2025
Growth of 1,000 (GBP) Advanced Graph
MFS Meridian Funds - European Smaller Companies Fund W1 EUR
Fund14.1-15.78.23.11.0
+/-Cat1.35.01.56.7-1.3
+/-B’mrk-2.9-4.80.8-4.1
 
Category: Europe Mid-Cap Equity
Category Benchmark: Morningstar Dev Eur SMID TM...
Key Stats
NAV
03/04/2025		 EUR 24.26
Day Change -0.55%
Morningstar Category™ Europe Mid-Cap Equity
ISIN LU0944408581
Fund Size (Mil)
04/04/2025		 EUR 157.99
Share Class Size (Mil)
04/04/2025		 EUR 1.78
Max Initial Charge -
Ongoing Charge
19/02/2025		  1.25%
Investment Objective: MFS Meridian Funds - European Smaller Companies Fund W1 EUR
The Fund’s objective is capital appreciation, measured in Euros. The Fund invests primarily (at least 70%) in equity securities of European smaller companies. The Investment Manager generally defines smaller market capitalization issuers as issuers with market capitalizations similar to those of issuers included in the MSCI Europe Small Mid Cap Index, the Fund’s benchmark, over the last 13 months at the time of purchase. Some of the countries in Europe, primarily those in Eastern Europe, are currently considered emerging market economies. The Fund may invest in companies it believes to have above average earnings growth potential compared to other companies (growth companies), in companies it believes are undervalued compared to their perceived worth (value companies) or in a combination of growth and value companies. 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
Trailing Returns (GBP)03/04/2025
YTD0.96
3 Years Annualised2.52
5 Years Annualised8.26
10 Years Annualised6.99
12 Month Yield 0.00
Management
Manager Name
Start Date
Peter Fruzzetti
05/11/2001
Sandeep Mehta
01/04/2016
Inception Date
19/08/2013

Category Benchmark
Fund BenchmarkMorningstar Benchmark
MSCI Europe SMID NR EURMorningstar Dev Eur SMID TME NR EUR
Portfolio Profile for  MFS Meridian Funds - European Smaller Companies Fund W1 EUR28/02/2025
Morningstar Style Box®
Equity Style
Asset Allocation
  % Long% Short% Net Assets
Stock98.210.0098.21
Bond0.000.000.00
Property0.000.000.00
Cash13.4411.651.79
Other0.000.000.00
Top 5 Regions%
Eurozone53.88
United Kingdom31.51
Europe - ex Euro13.70
Europe - Emerging0.91
United States0.00
Top 5 Sectors%
Industrials22.05
Basic Materials14.20
Consumer Cyclical13.36
Consumer Defensive12.95
Financial Services8.12
Top 5 HoldingsSector%
Symrise AGBasic MaterialsBasic Materials3.15
SodexoIndustrialsIndustrials3.04
Italgas SpAUtilitiesUtilities2.98
GEA Group AGIndustrialsIndustrials2.73
Compass Group PLCConsumer CyclicalConsumer Cyclical2.66
Increase Decrease New since last portfolio
MFS Meridian Funds - European Smaller Companies Fund W1 EUR
Growth Of 1000 (GBP) 31/03/2025
Fund:  MFS Meridian Funds - European Smaller Companies Fund W1 EUR
Category:  Europe Mid-Cap Equity
Category Index:  Morningstar Dev Eur SMID TME NR EUR
Growth of 1,000 GBP
Annual Returns (GBP)31/03/2025
 201820192020202120222023202431/03
Price Return-8.0825.176.5014.10-15.688.203.100.97
+/- Category6.804.74-9.301.335.011.496.73-1.34
+/- Category Index4.072.04-3.45-2.89-4.820.78-4.15
% Rank in Category1110843827431063
Trailing Returns (GBP)03/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day-0.55   -0.370.76
1 Week-0.81   0.971.91
1 Month-2.27   1.100.84
3 Months0.93   0.73-3.21
6 Months-3.09   1.26-4.56
YTD0.96   -0.14-3.52
1 Year-0.10   2.50-4.02
3 Years Annualised2.52   4.67-0.53
5 Years Annualised8.26   0.75-2.51
10 Years Annualised6.99   1.750.50
 
Category: Europe Mid-Cap Equity
Category Index: Morningstar Dev Eur SMID TME NR EUR
Quarterly Returns (GBP)31/03/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
20250.97---
20244.83-0.953.80-4.33
20235.46-3.81-1.558.34
2022-12.12-9.39-7.3514.31
2021-0.107.642.203.82
2020-19.8418.443.558.32
 
 
 
Morningstar Rating™(Relative to Category)28/02/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearAbove AverageBelow Average4 star
5-YearAverageBelow Average4 star
10-YearAbove AverageLow4 star
Overall*Above AverageBelow Average4 star
 
Category :  Europe Mid-Cap EquityClick here to see our Methodology
Volatility Measurements31/03/2025
 
3-Yr Std Dev13.64 %
3-Yr Mean Return3.55 %
 
3-Yr Sharpe Ratio-0.04
 
Modern Portfolio Statistics31/03/202531/03/2025
 Standard IndexBest Fit Index
 Morningstar Dev Eur SMID TME NR EUR  Morningstar Dev Eur SMID TME NR EUR
3-Yr Beta0.920.92
3-Yr Alpha-0.59-0.59
 
Investment Style Details28/02/2025
Morningstar Style Box®
Equity Style
SizeRel to Cat
Average Mkt Cap (Mil)EUR 4775-
Market Capitalisation% of Equity
Giant0.00
Large14.50
Medium56.28
Small26.26
Micro2.97
Valuations and Growth RatesEquity PortfolioRelative to Category
Price/Prospective Earnings15.380.99
Price/Book2.141.03
Price/Sales1.270.95
Price/Cash Flow9.710.95
Dividend-Yield Factor3.671.40
 
Long-Term Projected Earnings Growth8.250.87
Historical Earnings Growth1.360.15
Sales Growth5.601.59
Cash-Flow Growth12.371.00
Book-Value Growth2.910.69
 
Category: Europe Mid-Cap Equity
Asset Allocation28/02/2025
Asset Allocation
 % Long% Short% Net Assets
Stock98.210.0098.21
Bond0.000.000.00
Property0.000.000.00
Cash13.4411.651.79
Other0.000.000.00
World Regions28/02/2025
 % of EquityRelative to Category
United States0.000.00
Canada0.00-
Latin America0.00-
United Kingdom31.511.67
Eurozone53.880.96
Europe - ex Euro13.700.58
Europe - Emerging0.911.66
Africa0.00-
Middle East0.000.00
Japan0.00-
Australasia0.00-
Asia - Developed0.000.00
Asia - Emerging0.00-
 
Category: Europe Mid-Cap Equity
Sector Weightings28/02/2025
 % of EquityRelative to Category
Basic MaterialsBasic Materials14.202.56
Consumer CyclicalConsumer Cyclical13.361.08
Financial ServicesFinancial Services8.120.65
Real EstateReal Estate7.661.54
Consumer DefensiveConsumer Defensive12.952.64
HealthcareHealthcare7.430.55
UtilitiesUtilities3.032.02
Communication ServicesCommunication Services4.980.86
EnergyEnergy2.901.24
IndustrialsIndustrials22.050.79
TechnologyTechnology3.320.39
 
Category: Europe Mid-Cap Equity
Top 10 Holdings28/02/2025
 Portfolio NEW
Total Number of Equity Holdings82
Total Number of Bond Holdings0
Assets in Top 10 Holdings25.97
NameSectorCountry% of Assets
Symrise AG101Germany3.15
Sodexo310France3.04
Italgas SpA207Italy2.98
GEA Group AG310Germany2.73
Compass Group PLC102United Kingdom2.66
Cranswick PLC205United Kingdom2.60
Breedon Group PLC101United Kingdom2.52
Carlsberg AS Class B205Denmark2.11
Amadeus IT Group SA311Spain2.10
Borregaard ASA101Norway2.09
 
Increase Decrease New since last portfolio
Category: Europe Mid-Cap Equity
 
Management
Name of CompanyMFS Investment Management Company (Lux) S.à.r.l
Phone-
Website -
Address4, rue Albert Borschette
 -   -
 Luxembourg
DomicileLuxembourg
Legal StructureSICAV
UCITSYes
Inception Date19/08/2013
Fund Advisor(s)
Massachusetts Financial Services Company
Fund ManagerPeter Fruzzetti
Manager Start Date05/11/2001
Education
1993, Boston College, B.A.
 
Biography
Peter Fruzzetti is an investment officer of MFS Investment Management® (MFS®) and a portfolio manager of the firm's international small-cap portfolios. Peter joined MFS in 2000 as an equity research analyst. He was named portfolio manager in 2004. Prior to joining MFS he was an equity analyst with Fidelity Investments from 1993 to 1999. He is a graduate of Boston College.
Fund ManagerSandeep Mehta
Manager Start Date01/04/2016
Career Start Year2007
Education
2007, London Business School, M.B.A.
Institute of Technology BHU (India), Bachelor o
 
Biography
Sandeep Mehta - Investment Officer - Equity Portfolio Manager - As an Equity Portfolio Manager responsible for final buy and sell decisions, portfolio construction, risk and cash management. Participates in the research process and strategy discussions. - Joined MFS in 2008; previous positions include Research Analyst. - Previous experience includes 1 year as Equity Analyst at Henderson Global Investors; 2 years as Software Engineer at Etouch Systems; 3 years as Software Engineer at VeriSign Corp; 2 years as Associate Consultant at CITIL. - London Business School, Master of Business Administration - Institute of Technology BHU (India), Bachelor of Science
Fees and Expenses
Sales Charges (Maximum) 
Max Initial Chargen/a
Max Exit Charge*n/a
Annual Charges
Max Annual Management Charge1.05%
Ongoing Charge1.25%
Purchase Details
Minimum Investments
Initial4000  EUR
Additional-
Savings-
Tax Free Savings Schemes
ISAsYes