Morningstar Fund Report  | 13/04/2025Print

MFS Meridian Funds - U.S. Concentrated Growth Fund I1 USD

Performance History31/03/2025
Growth of 1,000 (GBP) Advanced Graph
MFS Meridian Funds - U.S. Concentrated Growth Fund I1 USD
Fund23.7-9.114.814.2-8.7
+/-Cat1.812.5-11.9-11.21.8
+/-B’mrk-3.614.2-17.2-21.03.5
 
Category: US Large-Cap Growth Equity
Category Benchmark: Morningstar US LM Brd Growt...
Key Stats
NAV
11/04/2025		 USD 550.54
Day Change 1.06%
Morningstar Category™ US Large-Cap Growth Equity
ISIN LU0219445482
Fund Size (Mil)
11/04/2025		 USD 375.81
Share Class Size (Mil)
11/04/2025		 USD 13.62
Max Initial Charge -
Ongoing Charge
19/02/2025		  1.07%
Morningstar Research
Analyst Report25/10/2024
Jack Shannon, Senior Analyst
Morningstar, Inc

MFS Meridien US Concentrated Growth can look out of step when the market’s appetite for risk increases, but consistent, deliberate execution of its patient, valuation-conscious process earns the strategy a Morningstar Analyst rating of Bronze for...

Click here to read this analyst report on the underlying fund.
Morningstar Pillars
People24
Parent24
Process24
Performance
Price
Investment Objective: MFS Meridian Funds - U.S. Concentrated Growth Fund I1 USD
The Fund’s objective is capital appreciation, measured in U.S. dollars. The Fund invests primarily (at least 70%) in U.S. equity securities. The Fund may also invest in non-U.S. equity securities. The Fund generally invests in 50 or fewer companies. The Fund generally focuses its investments in companies it believes to have above average earnings growth potential compared to other companies (growth companies). The Fund generally focuses its investments in larger companies, but may invest in companies of any size.
Returns
Trailing Returns (GBP)11/04/2025
YTD-13.28
3 Years Annualised3.36
5 Years Annualised9.56
10 Years Annualised11.88
12 Month Yield 0.00
Management
Manager Name
Start Date
Jeffrey Constantino
01/07/2007
Joseph Skorski
01/07/2019
Inception Date
23/09/2005

Category Benchmark
Fund BenchmarkMorningstar Benchmark
Russell 1000 Growth TR USDMorningstar US LM Brd Growth NR USD
Portfolio Profile for  MFS Meridian Funds - U.S. Concentrated Growth Fund I1 USD28/02/2025
Morningstar Style Box®
Equity Style
Asset Allocation
  % Long% Short% Net Assets
Stock99.050.0099.05
Bond0.000.000.00
Property0.000.000.00
Cash1.070.120.95
Other0.000.000.00
Top 5 Regions%
United States93.86
Asia - Developed3.35
Eurozone2.79
Canada0.00
Latin America0.00
Top 5 Sectors%
Technology33.06
Financial Services21.59
Healthcare12.36
Consumer Cyclical11.08
Consumer Defensive6.03
Top 5 HoldingsSector%
Microsoft CorpTechnologyTechnology9.17
Visa Inc Class AFinancial ServicesFinancial Services8.12
Aon PLC Class AFinancial ServicesFinancial Services6.37
Accenture PLC Class ATechnologyTechnology5.43
NVIDIA CorpTechnologyTechnology5.08
Increase Decrease New since last portfolio
MFS Meridian Funds - U.S. Concentrated Growth Fund I1 USD
Growth Of 1000 (GBP) 31/03/2025
Fund:  MFS Meridian Funds - U.S. Concentrated Growth Fund I1 USD
Category:  US Large-Cap Growth Equity
Category Index:  Morningstar US LM Brd Growth NR USD
Growth of 1,000 GBP
Annual Returns (GBP)31/03/2025
 201820192020202120222023202431/03
Price Return7.4735.9115.8523.73-9.0514.8414.18-8.73
+/- Category5.138.68-15.301.8112.47-11.85-11.171.81
+/- Category Index3.126.58-16.06-3.6214.22-17.19-21.013.48
% Rank in Category15185555858824
Trailing Returns (GBP)11/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day1.06   2.43-0.04
1 Week3.62   1.06-3.15
1 Month-5.58   -0.51-1.93
3 Months-14.74   2.452.41
6 Months-10.27   -1.92-3.00
YTD-13.28   2.222.25
1 Year-7.54   -3.89-7.78
3 Years Annualised3.36   -2.47-5.83
5 Years Annualised9.56   -1.92-5.31
10 Years Annualised11.88   -0.26-2.19
 
Category: US Large-Cap Growth Equity
Category Index: Morningstar US LM Brd Growth NR USD
Quarterly Returns (GBP)31/03/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
2025-8.73---
20247.881.40-2.036.53
20233.564.27-0.306.67
2022-4.71-5.93-0.341.80
20212.867.853.098.18
2020-12.1219.675.344.57
 
 
 
Morningstar Rating™(Relative to Category)31/03/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearBelow AverageBelow Average3 star
5-YearBelow AverageLow3 star
10-YearAverageBelow Average3 star
OverallAverageBelow Average3 star
 
Category :  US Large-Cap Growth EquityClick here to see our Methodology
Volatility Measurements31/03/2025
 
3-Yr Std Dev12.96 %
3-Yr Mean Return5.40 %
 
3-Yr Sharpe Ratio0.10
 
Modern Portfolio Statistics31/03/202531/03/2025
 Standard IndexBest Fit Index
 Morningstar US LM Brd Growth NR USD  DJ Islamic World TR USD
3-Yr Beta0.760.97
3-Yr Alpha-3.53-1.49
 
Investment Style Details28/02/2025
Morningstar Style Box®
Equity Style
SizeRel to Cat
Average Mkt Cap (Mil)USD 189701-
Market Capitalisation% of Equity
Giant32.92
Large42.18
Medium24.90
Small0.00
Micro0.00
Valuations and Growth RatesEquity PortfolioRelative to Category
Price/Prospective Earnings25.210.87
Price/Book6.000.87
Price/Sales4.430.87
Price/Cash Flow16.760.85
Dividend-Yield Factor1.201.85
 
Long-Term Projected Earnings Growth11.990.94
Historical Earnings Growth12.740.71
Sales Growth7.380.70
Cash-Flow Growth17.460.95
Book-Value Growth9.940.74
 
Category: US Large-Cap Growth Equity
Asset Allocation28/02/2025
Asset Allocation
 % Long% Short% Net Assets
Stock99.050.0099.05
Bond0.000.000.00
Property0.000.000.00
Cash1.070.120.95
Other0.000.000.00
World Regions28/02/2025
 % of EquityRelative to Category
United States93.860.98
Canada0.000.00
Latin America0.000.00
United Kingdom0.000.00
Eurozone2.792.20
Europe - ex Euro0.000.00
Europe - Emerging0.00-
Africa0.00-
Middle East0.000.00
Japan0.00-
Australasia0.00-
Asia - Developed3.358.38
Asia - Emerging0.000.00
 
Category: US Large-Cap Growth Equity
Sector Weightings28/02/2025
 % of EquityRelative to Category
Consumer CyclicalConsumer Cyclical11.080.72
Financial ServicesFinancial Services21.592.16
Real EstateReal Estate3.063.35
Consumer DefensiveConsumer Defensive6.032.13
HealthcareHealthcare12.361.09
UtilitiesUtilities2.865.20
Communication ServicesCommunication Services4.200.34
IndustrialsIndustrials5.760.97
TechnologyTechnology33.060.85
 
Category: US Large-Cap Growth Equity
Top 10 Holdings28/02/2025
 Portfolio NEW
Total Number of Equity Holdings28
Total Number of Bond Holdings0
Assets in Top 10 Holdings54.06
NameSectorCountry% of Assets
Microsoft Corp311United States9.17
Visa Inc Class A103United States8.12
Aon PLC Class A103United States6.37
Accenture PLC Class A311United States5.43
NVIDIA Corp311United States5.08
Salesforce Inc311United States4.39
Alphabet Inc Class A308United States4.16
Church & Dwight Co Inc205United States4.06
TJX Companies Inc102United States3.74
Amphenol Corp Class A311United States3.55
 
Increase Decrease New since last portfolio
Category: US Large-Cap Growth 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 Date23/09/2005
Fund Advisor(s)
Massachusetts Financial Services Company
Fund ManagerJeffrey Constantino
Manager Start Date01/07/2007
Education
University of Pennsylvania, M.B.A.
University of Illinois, B.S.
 
Biography
Jeffrey C. Constantino is a portfolio manager, and was an equity research analyst for 5 years until he was promoted to his current position at Massachusetts Financial Services Company in 2005. Prior to joining MFS in 2000, he was employed as a financial consultant in mergers and acquisitions for Arthur Andersen LLP. Constantino holds the Chartered Financial Analyst designation and Certified Public Accountant designation.
Fund ManagerJoseph Skorski
Manager Start Date01/07/2019
 
Biography
Mr. Skorski joined MFS in 2007 and has more than two decades of investment experience. During his tenure at the firm, he has had both equity research analyst and portfolio management responsibilities. He joined the portfolio management team of the MFS® Global Growth Equity and MFS® Global Growth Concentrated Equity strategies in 2018 and previously had portfolio management responsibilities for the firm’s Japan Equity strategy.
Fees and Expenses
Sales Charges (Maximum) 
Max Initial Chargen/a
Max Exit Charge*n/a
Annual Charges
Max Annual Management Charge0.95%
Ongoing Charge1.07%
Purchase Details
Minimum Investments
Initial3000000  USD
Additional-
Savings-
Tax Free Savings Schemes
ISAsYes