MFS Meridian Funds

Fund Company

MFS Meridian Funds - http://www.mfs.com
 

MFS is an active, global asset manager. They employ a uniquely collaborative approach to build better insights for their clients having an investment approach consisting of three core elements:

  • Integrated Research

As active managers, MFS believes conducting proprietary research leads to better decisions for their clients. They have fundamental research analysts who develop firsthand, in-depth insight into individual securities. Their efforts are complemented by quantitative analysts who run analytics on securities daily and assess risks at both the security and portfolio levels.  Their investment platform is fully integrated so that the investment staff shares ideas and evaluates opportunities across geographies, across both fundamental and quantitative disciplines, and across companies’ entire capital structure.


The MFS investment staff operates out of nine major financial centers around the world. Being on the ground in local markets helps the analysts understand the customs and traditions that affect regional markets. The firm achieves integration of their efforts by organizing the entire investment staff into eight global sector teams. Each sector team comprises all the analysts who cover companies in the same sector, such as leisure or financial services, around the world.  The sector teams include both fundamental and quantitative, equity and credit analysts. Portfolio managers are members of the sector teams as well. This integrated structure brings together diverse opinions while also providing a global context to every decision.

  • Global Collaboration

Teams with multiple perspectives make better decisions than individuals or groups focused on one region of the world or investment discipline. Their global sector teams naturally foster collaboration, but they go many steps further to drive communication across the platform.  MFS hire investment staff as research analysts so they can become inculcated in the MFS culture early in their careers. Some become career analysts, while others move on to manage portfolios. Almost all of their portfolio managers rose from within the firm. Individuals who prefer star systems that put individual performance above the team do not function well in their environment.


Their compensation system rewards collaboration. Every member of the investment staff undergoes a 360-degree peer review in which managers, peers, and any direct reports assess how effectively that person contributes to the entire team. The results of these assessments influence a third of each person’s annual incentive compensation.  MFS believes their collaborative environment is one of their key competitive advantages, enabling them to build better insights for their clients.

  • Active Risk Management

MFS actively oversees the risk of their portfolios with two objectives in mind – to manage risk exposure and to ensure their results come from the dimension where they believe they can add the greatest value - security selection.  Risk management is an intrinsic part of their entire investment process, and it is the responsibility of every member of the investment team. Even though their quantitative analysts are the ones who run risk metrics for securities and portfolios, their fundamental analysts are expected to make qualitative assessments of the risks of securities they follow. Additionally, their quantitative analysts also evaluate securities, manage portfolios, and collaborate with their fundamental peers on how to add returns to a portfolio without taking on excessive risk. That keeps the team charged with measuring risk always conscious of how to generate alpha for their clients.


As an active manager, they always aim to manage, not eliminate, risk because we understand that clients look to us to generate greater returns than can be achieved from portfolios tied to a benchmark.  In essence, their risk management efforts help ensure that the insights they derive from their research and analytical work are directed where they can offer the greatest value to their clients.

Company

Fund Name

ISIN

Currency

Inception Date

Rating

Risk

Profile

MFS Meridian Funds

MFS M Fd SICAV High Yield FD A1 Cap

LU0035377810

USD

01/07/1997

2

Medium

The Fund’s objective is total return, with an emphasis on high current income but also considering capital appreciation, measured in U.S. dollars. The Fund invests primarily (at least 70%) in below investment grade debt instruments. The Fund generally focuses its investments in U.S. corporate debt instruments, but may also invest in non-U.S. issuers located in developed and emerging market countries and government debt instruments.

MFS Meridian Funds

MFS M. Fd SICAV High Yield FD A2

LU0035378891

USD

01/07/1997

2

Medium

The Fund’s objective is total return, with an emphasis on high current income but also considering capital appreciation, measured in U.S. dollars. The Fund invests primarily (at least 70%) in below investment grade debt instruments. The Fund generally focuses its investments in U.S. corporate debt instruments, but may also invest in non-U.S. issuers located in developed and emerging market countries and government debt instruments.

MFS Meridian Funds

MFS M. Fd SICAV US Conc Growth A1

LU0094555157

USD

12/03/1999

3

Medium

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.

MFS Meridian Funds

MFS M. European Research Fd A1 Cap

LU0094557526

EUR

12/03/1999

4

Medium

The Fund’s objective is capital appreciation, measured in Euros. The Fund invests primarily (at least 75%) in European Economic Area equity securities. The European Economic Area includes countries in the European Union, Iceland, Liechtenstein, and Norway. Some of the countries in the European Economic Area, primarily those in Eastern Europe, are currently considered emerging market economies. The Fund may also invest in other European countries.

MFS Meridian Funds

MFS M. Fd SICAV Absolut Ret A1 Cap

LU0094560157

EUR

12/03/1999

4

High

The Fund’s objective is total return, measured in U.S. dollars. The Fund seeks to produce a positive return from a combination of individual security selection and managing exposure to asset classes, markets and currencies regardless of market conditions.  In selecting individual investments for the Fund, the Fund invests primarily in debt instruments of issuers located in developed and emerging market countries, including government, mortgage-backed, and corporate debt. The Fund invests substantially in investment grade debt instruments. The Fund may invest in debt instruments of any maturity, but generally focuses its investments in short and intermediate term debt instruments.

MFS Meridian Funds

MFS M.Global Equity Fund A1 EUR

LU0094560744

EUR

12/03/1999

4

Medium

The Fund’s objective is capital appreciation, measured in U.S. dollars. The Fund invests primarily (at least 70%) in equity securities of companies located in developed and emerging market countries. 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 generally focuses its investments in larger companies, but may invest in companies of any size.

MFS Meridian Funds

MFS M.Europ Smaller Compan FdA1 EUR

LU0125944966

EUR

05/11/2001

5

Medium

The Fund’s investment objective is capital appreciation, measured in Euros. The Fund invests primarily in a portfolio of small to mid-cap European equities chosen from issuers located throughout Europe based on the extensive bottom-up fundamental research of MFS's equity research team. The Fund invests primarily (i.e., at least 75% of its total assets) in equity and equity-related securities of smaller-cap issuers that are based in European Economic Area (“EEA”) countries. Smaller-cap companies are generally those with market capitalisations less than €10 billion.

MFS Meridian Funds

MFS M. European Growth Fd A1 EUR

LU0125946151

EUR

01/10/2002

3

Medium

The Fund’s investment objective is capital appreciation, measured in Euros. The Fund invests primarily in a portfolio of European equity securities. The Fund invests primarily (i.e., at least 75% of its total assets) in equity and equity-related securities of issuers that are based in European Economic Area (“EEA”) countries.

MFS Meridian Funds

MFS M. Emer Markets Debt A1 USD Cap

LU0125948108

USD

31/01/2001

4

Medium

The Fund’s investment objective is total return, measured in US Dollars. The Fund takes a top-down research-intensive approach to investing primarily in emerging markets debt securities.  The Fund invests primarily (i.e., at least 70% of its total assets) in debt securities and other fixed-income investments, which are issued by, or which provide exposure to, government, government-related, supranational and corporate issuers that are based in emerging markets countries or exercise a preponderant part of their economic activity in emerging markets countries.

MFS Meridian Funds

MFS M. Emerg.Mkts. Debt Fd A2 USD

LU0125948280

USD

01/10/2002

4

Medium

The Fund’s investment objective is total return, measured in US Dollars. The Fund takes a top-down research-intensive approach to investing primarily in emerging markets debt securities.  The Fund invests primarily (i.e., at least 70% of its total assets) in debt securities and other fixed-income investments, which are issued by, or which provide exposure to, government, government-related, supranational and corporate issuers that are based in emerging markets countries or exercise a preponderant part of their economic activity in emerging markets countries.

MFS Meridian Funds

MFS Meridian Funds Eurp Val -A1-

LU0125951151

EUR

01/10/2002

5

Low

The Fund’s investment objective is capital appreciation, measured in Euros. The Fund invests primarily in a portfolio of European equity securities believed to be undervalued relative to their earnings growth potential based on the bottom-up fundamental research of MFS equity investment professionals. The Fund invests primarily (i.e., at least 75% of its total assets) in equity and equity-related securities of issuers that are based in European Economic Area (“EEA”) countries which MFS believes are undervalued in the market relative to their long-term potential.

MFS Meridian Funds

MFS M. U.S. Value Fund A1  USD

LU0125979160

USD

01/02/2002

3

Medium

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 focuses its investments in companies it believes to be undervalued compared to their perceived worth (value companies). The Fund generally focuses its investments in larger companies, but may invest in companies of any size.

MFS Meridian Funds

MFS M. Fd SICAV Global Res Fd A1

LU0219417861

EUR

26/09/2005

3

High

The Fund’s objective is capital appreciation, measured in U.S. dollars. The Fund invests primarily (at least 70%) in equity securities of companies located in developed and emerging market countries. The Fund may invest in companies it believes to have above average earnings growth potential compared to other companies (growth companies), 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 in companies of any size.

MFS Meridian Funds

MFS M. Asia Pac. ex-Japan A1 Cap

LU0219418679

EUR

26/09/2005

3

Medium

The Fund’s objective is capital appreciation, measured in U.S. dollars. The Fund invests primarily (at least 70%) in Asian Pacific equity securities excluding Japanese equity securities. 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 in companies of any size.

MFS Meridian Funds

MFS M Global Balanced Fd A1 EUR Cap

LU0219418836

EUR

26/09/2005

5

Medium

The Fund’s primary investment objective is total return, measured in US Dollars. This team-managed Fund invests in a portfolio blending a mix of large-cap value equity securities and investment grade government debt securities of global issuers, with historical allocations of approximately 60% equity securities and 40% debt securities. The Fund invests in a combination of equity and debt securities of global issuers. The Fund invests: (i) at least 30%, but not more than 75%, of its total assets in equity and equity-related securities (which are not convertible bonds) of global issuers and (ii) at least 25%, but not more than 70%, of its total assets in debt securities of global issuers (including emerging market debt securities).

MFS Meridian Funds

MFS M. Fd SICAV Global Conc Fd A1

LU0219418919

EUR

26/09/2005

5

Medium

The Fund’s objective is capital appreciation, measured in U.S. dollars. The Fund invests primarily (at least 70%) in equity securities of companies located in developed and emerging market countries. The Fund focuses its investments in equity securities of companies located in developed market countries. The Fund generally invests in 50 or fewer companies. 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.

MFS Meridian Funds

MFS M Emerg Mkts Debt Fd A1 EUR Cap

LU0219422606

EUR

26/09/2005

4

Medium

The Fund’s investment objective is total return, measured in US Dollars. The Fund takes a top-down research-intensive approach to investing primarily in emerging markets debt securities.  The Fund invests primarily (i.e., at least 70% of its total assets) in debt securities and other fixed-income investments, which are issued by, or which provide exposure to, government, government-related, supranational and corporate issuers that are based in emerging markets countries or exercise a preponderant part of their economic activity in emerging markets countries.

MFS Meridian Funds

MFS M. Fd SICAV European Res Fd A1

LU0219431003

GBP

26/09/2005

4

Medium

The Fund’s objective is capital appreciation, measured in Euros. The Fund invests primarily (at least 75%) in European Economic Area equity securities. The European Economic Area includes countries in the European Union, Iceland, Liechtenstein, and Norway. Some of the countries in the European Economic Area, primarily those in Eastern Europe, are currently considered emerging market economies. The Fund may also invest in other European countries.

MFS Meridian Funds

MFS Meridan Global Equity A1 Dis

LU0219431268

GBP

26/09/2005

5

Medium

The Fund’s objective is capital appreciation, measured in U.S. dollars. The Fund invests primarily (at least 70%) in equity securities of companies located in developed and emerging market countries. 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 generally focuses its investments in larger companies, but may invest in companies of any size.

MFS Meridian Funds

MFS M. Asia Pac. ex-Japan Fd. Gbp

LU0219431342

GBP

26/09/2005

3

Medium

The Fund’s objective is capital appreciation, measured in U.S. dollars. The Fund invests primarily (at least 70%) in Asian Pacific equity securities excluding Japanese equity securities. 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 in companies of any size.

MFS Meridian Funds

MFS Meridian Glob Total Ret A1 Dis

LU0219431771

GBP

26/09/2005

5

Medium

The Fund’s primary investment objective is total return, measured in US Dollars. This team-managed Fund invests in a portfolio blending a mix of large-cap value equity securities and investment grade government debt securities of global issuers, with historical allocations of approximately 60% equity securities and 40% debt securities. The Fund invests in a combination of equity and debt securities of global issuers. The Fund invests: (i) at least 30%, but not more than 75%, of its total assets in equity and equity-related securities (which are not convertible bonds) of global issuers and (ii) at least 25%, but not more than 70%, of its total assets in debt securities of global issuers (including emerging market debt securities).

MFS Meridian Funds

MFS M. UK Equity Fund A2  GBP

LU0219431854

GBP

27/02/2006

5

Medium

The Fund’s objective is capital appreciation, measured in Sterling. The Fund invests primarily (at least 70%) in U.K. equity securities. The Fund may also invest in other equity securities, including other European equity securities. 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 in companies of any size. The Fund may invest a relatively large percentage of its assets in a small number of issuers.

MFS Meridian Funds

MFS M. Conti European Eq Fd A2 GBP

LU0219432076

GBP

27/02/2006

5

Low

The Fund’s objective is capital appreciation, measured in Euros. The Fund invests primarily (at least 70%) in continental European equity securities. Some of the countries in continental 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 in companies of any size.

MFS Meridian Funds

MFS Meridian Em Markets Debt A1 Cap

LU0219432159

GBP

26/09/2005

4

Medium

The Fund’s investment objective is total return, measured in US Dollars. The Fund takes a top-down research-intensive approach to investing primarily in emerging markets debt securities.  The Fund invests primarily (i.e., at least 70% of its total assets) in debt securities and other fixed-income investments, which are issued by, or which provide exposure to, government, government-related, supranational and corporate issuers that are based in emerging markets countries or exercise a preponderant part of their economic activity in emerging markets countries.

MFS Meridian Funds

MFS M.European Research Fd A1 Cap

LU0219440335

USD

12/06/2000

4

Medium

The Fund’s objective is capital appreciation, measured in Euros. The Fund invests primarily (at least 75%) in European Economic Area equity securities. The European Economic Area includes countries in the European Union, Iceland, Liechtenstein, and Norway. Some of the countries in the European Economic Area, primarily those in Eastern Europe, are currently considered emerging market economies. The Fund may also invest in other European countries.

MFS Meridian Funds

MFS M.European Growth Fund A1 USD

LU0219440509

USD

26/09/2005

3

Medium

The Fund’s investment objective is capital appreciation, measured in Euros. The Fund invests primarily in a portfolio of European equity securities. The Fund invests primarily (i.e., at least 75% of its total assets) in equity and equity-related securities of issuers that are based in European Economic Area (“EEA”) countries.

MFS Meridian Funds

MFS M.Europ Sml Companies Fd A1 USD

LU0219440681

USD

26/09/2005

5

Medium

The Fund’s investment objective is capital appreciation, measured in Euros. The Fund invests primarily in a portfolio of small to mid-cap European equities chosen from issuers located throughout Europe based on the extensive bottom-up fundamental research of MFS's equity research team. The Fund invests primarily (i.e., at least 75% of its total assets) in equity and equity-related securities of smaller-cap issuers that are based in European Economic Area (“EEA”) countries. Smaller-cap companies are generally those with market capitalisations less than €10 billion.

MFS Meridian Funds

MFS M.European Value Fund A1 USD

LU0219440764

USD

26/09/2005

5

Low

The Fund’s investment objective is capital appreciation, measured in Euros. The Fund invests primarily in a portfolio of European equity securities believed to be undervalued relative to their earnings growth potential based on the bottom-up fundamental research of MFS equity investment professionals. The Fund invests primarily (i.e., at least 75% of its total assets) in equity and equity-related securities of issuers that are based in European Economic Area (“EEA”) countries which MFS believes are undervalued in the market relative to their long-term potential.

MFS Meridian Funds

MFS M. Global Equity Fund A1 USD

LU0219441069

USD

26/09/2005

4

Medium

The Fund’s objective is capital appreciation, measured in U.S. dollars. The Fund invests primarily (at least 70%) in equity securities of companies located in developed and emerging market countries. 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 generally focuses its investments in larger companies, but may invest in companies of any size.

MFS Meridian Funds

MFS M. Fd SICAV Global Res Fd A1

LU0219441143

USD

26/09/2005

4

High

The Fund’s objective is capital appreciation, measured in U.S. dollars. The Fund invests primarily (at least 70%) in equity securities of companies located in developed and emerging market countries. The Fund may invest in companies it believes to have above average earnings growth potential compared to other companies (growth companies), 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 in companies of any size.

MFS Meridian Funds

MFS M.Asia Pac. ex-Japan Fd A1 USD

LU0219441226

USD

12/06/2000

3

Medium

The Fund’s objective is capital appreciation, measured in U.S. dollars. The Fund invests primarily (at least 70%) in Asian Pacific equity securities excluding Japanese equity securities. 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 in companies of any size.

MFS Meridian Funds

MFS M Global Balanced Fd A1 USD Cap

LU0219441499

USD

31/01/2001

4

Medium

The Fund’s primary investment objective is total return, measured in US Dollars. This team-managed Fund invests in a portfolio blending a mix of large-cap value equity securities and investment grade government debt securities of global issuers, with historical allocations of approximately 60% equity securities and 40% debt securities. The Fund invests in a combination of equity and debt securities of global issuers. The Fund invests: (i) at least 30%, but not more than 75%, of its total assets in equity and equity-related securities (which are not convertible bonds) of global issuers and (ii) at least 25%, but not more than 70%, of its total assets in debt securities of global issuers (including emerging market debt securities).

MFS Meridian Funds

MFS M. Fd SICAV Global Conc Fd A1

LU0219441572

USD

08/04/1999

4

Medium

The Fund’s objective is capital appreciation, measured in U.S. dollars. The Fund invests primarily (at least 70%) in equity securities of companies located in developed and emerging market countries. The Fund focuses its investments in equity securities of companies located in developed market countries. The Fund generally invests in 50 or fewer companies. 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.

MFS Meridian Funds

MFS M. UK Equity Fund A1  USD

LU0219441655

USD

27/02/2006

5

Medium

The Fund’s objective is capital appreciation, measured in Sterling. The Fund invests primarily (at least 70%) in U.K. equity securities. The Fund may also invest in other equity securities, including other European equity securities. 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 in companies of any size. The Fund may invest a relatively large percentage of its assets in a small number of issuers.

MFS Meridian Funds

MFS M.Continental Eur Eq Fd A1 USD

LU0219441739

USD

27/02/2006

5

Low

The Fund’s objective is capital appreciation, measured in Euros. The Fund invests primarily (at least 70%) in continental European equity securities. Some of the countries in continental 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 in companies of any size.

MFS Meridian Funds

MFS M.Global Balanced Fund A2 USD

LU0219442380

USD

26/09/2005

4

Medium

The Fund’s primary investment objective is total return, measured in US Dollars. This team-managed Fund invests in a portfolio blending a mix of large-cap value equity securities and investment grade government debt securities of global issuers, with historical allocations of approximately 60% equity securities and 40% debt securities. The Fund invests in a combination of equity and debt securities of global issuers. The Fund invests: (i) at least 30%, but not more than 75%, of its total assets in equity and equity-related securities (which are not convertible bonds) of global issuers and (ii) at least 25%, but not more than 70%, of its total assets in debt securities of global issuers (including emerging market debt securities).

MFS Meridian Funds

MFS M Fd SICAV Global Multi A1 Cap

LU0219442463

USD

26/09/2005

3

Medium

The Fund’s objective is total return, measured in U.S. dollars. The Fund seeks to produce returns by: 1) allocating assets to a mix of asset classes, 2) selecting individual securities within those asset classes, and 3) managing exposure to asset classes, markets and currencies through the use of derivatives. The Fund’s target allocations among asset classes are 15% in inflation-adjusted debt instruments; 35% in other global debt instruments; 30% in global equity securities; 15% in commodity- related instruments; and 5% in global real estate-related investments. These allocations do not reflect cash balances and may change over time.

MFS Meridian Funds

MFS M US Gov Bond Fund A1 USD Cap

LU0219442547

USD

26/09/2005

4

Medium

The Fund’s objective is total return with an emphasis on current income but also considering capital appreciation, measured in U.S. dollars. The Fund invests primarily (at least 70%) in U.S. government securities, including mortgagebacked securities. The Fund invests substantially all of its assets in investment grade debt instruments. The Fund may invest a relatively large percentage of its assets in a single issuer or a small number of issuers.

MFS Meridian Funds

MFS M Limited Maturity A1 USD Cap

LU0219442893

USD

26/09/2005

3

Medium

The Fund’s objective is total return, with an emphasis on current income but also considering capital preservation, measured in U.S. dollars. The Fund invests primarily in debt instruments issued in U.S. dollars, including U.S. and non-U.S. corporate, government, and mortgage-backed debt instruments. The Fund invests substantially in investment grade debt instruments. The average maturity of the Fund’s investments (taking into account features of the investments that are expected to shorten an investment’s maturity such as prepayments) will generally not exceed five years.

MFS Meridian Funds

MFS M Research Bond Fund A1 USD Cap

LU0219442976

USD

26/09/2005

3

Medium

The Fund’s objective is total return, measured in U.S. dollars. The Fund invests primarily (at least 70%) in investment grade U.S. debt instruments, including U.S. government, mortgage-backed, and corporate debt instruments. The Fund may also invest in debt instruments of non-U.S. issuers located in developed and emerging market countries and below investment grade debt instruments. The Fund may use derivatives for hedging and/or investment purposes, including to increase or decrease exposure to a particular market, segment of the market, or security, to manage interest rate or currency exposure or other characteristics of the Fund, or as alternatives to direct investments.

MFS Meridian Funds

MFS M. Fd SICAV Global Multi Fd A2

LU0219443198

USD

26/09/2005

3

Medium

The Fund’s objective is total return, measured in U.S. dollars. The Fund seeks to produce returns by: 1) allocating assets to a mix of asset classes, 2) selecting individual securities within those asset classes, and 3) managing exposure to asset classes, markets and currencies through the use of derivatives. The Fund’s target allocations among asset classes are 15% in inflation-adjusted debt instruments; 35% in other global debt instruments; 30% in global equity securities; 15% in commodity- related instruments; and 5% in global real estate-related investments. These allocations do not reflect cash balances and may change over time.

MFS Meridian Funds

MFS M. U.S. Gov. Bond Fund A2 USD

LU0219443271

USD

26/09/2005

4

Medium

The Fund’s objective is total return with an emphasis on current income but also considering capital appreciation, measured in U.S. dollars. The Fund invests primarily (at least 70%) in U.S. government securities, including mortgagebacked securities. The Fund invests substantially all of its assets in investment grade debt instruments. The Fund may invest a relatively large percentage of its assets in a single issuer or a small number of issuers.

MFS Meridian Funds

MFS M. Limited Maturity Fd A2 USD

LU0219443354

USD

26/09/2005

3

Medium

The Fund’s objective is total return, with an emphasis on current income but also considering capital preservation, measured in U.S. dollars. The Fund invests primarily in debt instruments issued in U.S. dollars, including U.S. and non-U.S. corporate, government, and mortgage-backed debt instruments. The Fund invests substantially in investment grade debt instruments. The average maturity of the Fund’s investments (taking into account features of the investments that are expected to shorten an investment’s maturity such as prepayments) will generally not exceed five years.

MFS Meridian Funds

MFS M.Research Bond Fund A2 USD

LU0219443438

USD

26/09/2005

3

Medium

The Fund’s objective is total return, measured in U.S. dollars. The Fund invests primarily (at least 70%) in investment grade U.S. debt instruments, including U.S. government, mortgage-backed, and corporate debt instruments. The Fund may also invest in debt instruments of non-U.S. issuers located in developed and emerging market countries and below investment grade debt instruments. The Fund may use derivatives for hedging and/or investment purposes, including to increase or decrease exposure to a particular market, segment of the market, or security, to manage interest rate or currency exposure or other characteristics of the Fund, or as alternatives to direct investments.

MFS Meridian Funds

MFS M Fd SICAV Absolute Ret A1 Cap

LU0219443784

USD

26/09/2005

4

High

The Fund’s objective is total return, measured in U.S. dollars. The Fund seeks to produce a positive return from a combination of individual security selection and managing exposure to asset classes, markets and currencies regardless of market conditions.  In selecting individual investments for the Fund, the Fund invests primarily in debt instruments of issuers located in developed and emerging market countries, including government, mortgage-backed, and corporate debt. The Fund invests substantially in investment grade debt instruments. The Fund may invest in debt instruments of any maturity, but generally focuses its investments in short and intermediate term debt instruments.

MFS Meridian Funds

MFS M. Fd SICAV Absolute Ret Fd A2

LU0219444246

USD

26/09/2005

4

High

The Fund’s objective is total return, measured in U.S. dollars. The Fund seeks to produce a positive return from a combination of individual security selection and managing exposure to asset classes, markets and currencies regardless of market conditions.  In selecting individual investments for the Fund, the Fund invests primarily in debt instruments of issuers located in developed and emerging market countries, including government, mortgage-backed, and corporate debt. The Fund invests substantially in investment grade debt instruments. The Fund may invest in debt instruments of any maturity, but generally focuses its investments in short and intermediate term debt instruments.

MFS Meridian Funds

MFS M Inflation-Ad Bd Fd A1 USD Cap

LU0219444592

USD

26/09/2005

3

Medium

The Fund’s objective is total return that exceeds the rate of inflation as measured in the U.S. over the long term, measured in U.S. dollars. The Fund invests primarily (at least 70%) in inflation-adjusted debt instruments. The Fund invests primarily in U.S. Treasury inflation-adjusted debt instruments, but may also invest in inflation-adjusted debt instruments issued by other U.S. and foreign government and corporate entities. The Fund invests substantially all of its assets in investment grade debt instruments. The Fund may invest a relatively large percentage of its assets in a single issuer or a small number of issuers.

MFS Meridian Funds

MFS M.Inflation-Adj. Bd Fd A2 USD

LU0219444675

USD

26/09/2005

3

Medium

The Fund’s objective is total return that exceeds the rate of inflation as measured in the U.S. over the long term, measured in U.S. dollars. The Fund invests primarily (at least 70%) in inflation-adjusted debt instruments. The Fund invests primarily in U.S. Treasury inflation-adjusted debt instruments, but may also invest in inflation-adjusted debt instruments issued by other U.S. and foreign government and corporate entities. The Fund invests substantially all of its assets in investment grade debt instruments. The Fund may invest a relatively large percentage of its assets in a single issuer or a small number of issuers.

MFS Meridian Funds

MFS Meridian Gl Cons Fd A1 USD Cap

LU0337786437

USD

04/03/2008

4

Medium

The Fund’s objective is capital appreciation, measured in U.S. dollars. The Fund normally focuses its investments in equity securities of issuers located in developed and emerging market countries, however may invest without limit in debt instruments of corporate and government issuers based on its view of the relative value of different types of securities and/or other market conditions. The Fund generally focuses its equity investments in companies it believes to be undervalued compared to their perceived worth (value companies). The Fund may invest in companies of any size. The fund may invest in below investment grade debt instruments. The Fund may invest a relatively large percentage of its assets in a small number of issuers.

MFS Meridian Funds

MFS M Emer Mar Debt Loc CCY A1 Cap

LU0406716257

EUR

25/03/2009

2

Medium

The Fund’s investment objective is total return, measured in U.S. Dollars. The Fund takes a top-down research-intensive approach to investing primarily in emerging markets debt securities.  The Fund invests primarily (i.e., at least 70% of its total assets) in debt securities and other fixed-income investments which are denominated in the currency of emerging market countries.

MFS Meridian Funds

MFS Meridian US Value A1 HD EUR Cap

LU0583241160

EUR

01/02/2011

NULL

NULL

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 focuses its investments in companies it believes to be undervalued compared to their perceived worth (value companies). The Fund generally focuses its investments in larger companies, but may invest in companies of any size.