6 9

Contrarian Capital Fund

DISCLOSURES

THIS INFORMATION IS FOR MARKETING PURPOSES ONLY

Please note that this is an actively managed product. 

Class I shares are only available to certain qualifying institutional investors.

LU2991324802
100.60
€0.66 As of 24-Apr-25
US$2M
As of 31-Mar-25

Contrarian Capital Fund

LU2991324802
€0.66 As of 24-Apr-25
As of 31-Mar-25
LU2991324802
100.6
€0.66 As of 24-Apr-25
2M
As of 31-Mar-25
  • Overview

    INVESTMENT OBJECTIVE

    Seeks capital appreciation measured in U.S. Dollars.

    INVESTMENT FOCUS

    Emphasis on valuation, balance sheet leverage and maintaining a suitable margin of safety.

    Focus on investments in companies with medium to large market capitalizations, but may invest in companies of any size.

    Seeks to identify investment opportunities trading at a significant discount to their intrinsic value, due to adverse market sentiment, operating difficulties or going through a transition.

    Important Risk Considerations

    The fund may not achieve its objective and/or you could lose money on your investment in the fund.

    Please see the prospectus for further information on these and other risk considerations.

    Fund Information

    • Fund Inception 20-Nov-2024
    • Net Assets (US$ M) As of 31-Mar-25 US$2.33
    • Fiscal Year End JANUARY
    • SFDR Classification Article 8
    • Benchmark MSCI World Value Index (net div)

    Share Class Information

    • Class Inception 04-Apr-2025
    • Net Asset Value (NAV) As of 24-Apr-25 €100.60
    • Most Recent NAV Change As of 24-Apr-25 €0.66 | 0.66%
    • ISIN LU2991324802
    • SEDOL BNXJ7F8
    • WKN A4114F
    • Bloomberg --
    • CUSIP L6366H864
    • Maximum Sales Charge --
    • Benchmark MSCI World Value Index (net div)

    MANAGERS

    Top 10 Holdings

    • National Grid PLC
    • Ryanair Holdings PLC ADR
    • CSX Corp
    • Airbus SE
    • Autoliv Inc
    • Deutsche Post AG
    • Davide Campari-Milano NV
    • Novozymes AS
    • Cie Generale des Etablissements Michelin SCA
    • Assa Abloy AB
  • Performance

    Performance

    12 Month Total Returns

    12 Month Total Returns (%)

    12 Month Total Returns (%)

    No data currently available

    Performance results reflect ongoing charges and any applicable expense subsidies and waivers in effect during the periods shown. All historic results assume distributions within the fund and/or the share class are reinvested. 

    Past performance is not a reliable indicator for future results. All financial investments involve an element of risk. The value of investments may rise and fall so you may get back less than originally invested.

    Investors should consider the risks, including lower returns, related to currency movements between their investing currency and the portfolio's base currency, if different.

    Important Performance Information

    Class I1 Roll-Up shares do not pay distributions to shareholders. 

    The MFS Meridian Funds offer several share classes each with different expenses. Performance reflects the performance of a relevant older class with the same currency until the class inception date of the class detailed. Performance for periods prior to that date may have been higher or lower had the actual share class fees and expenses been reflected.

    Please note that these share classes will be available for investment up until the fund reaches AUM of $200 million, at which point the Founders Class will be soft-closed.

    At this time these share classes will only be available in a limited selection of currencies. 

    Average Annual Total Returns
    Annual Rate of Return

    Annual Rate of Return (%)

    Annual Rate of Return (%)

    No data currently available

    annual rate of return table

    Performance results reflect ongoing charges and any applicable expense subsidies and waivers in effect during the periods shown. All historic results assume distributions within the fund and/or the share class are reinvested. 

    Past performance is not a reliable indicator for future results. All financial investments involve an element of risk. The value of investments may rise and fall so you may get back less than originally invested.

    Investors should consider the risks, including lower returns, related to currency movements between their investing currency and the portfolio's base currency, if different.

    Important Performance Information

    Class I1 Roll-Up shares do not pay distributions to shareholders. 

    The MFS Meridian Funds offer several share classes each with different expenses. Performance reflects the performance of a relevant older class with the same currency until the class inception date of the class detailed. Performance for periods prior to that date may have been higher or lower had the actual share class fees and expenses been reflected.

    Please note that these share classes will be available for investment up until the fund reaches AUM of $200 million, at which point the Founders Class will be soft-closed.

    At this time these share classes will only be available in a limited selection of currencies. 

    Pricing & Distributions

    Pricing History

    • Market Price (MP): 
    Maximum data displayed is for the most recent 10 years
    Historical MP Lookup
    Enter date for which you wish to obtain a Historical MP for this fund

    Historical MP may not be available for all dates.

    Distributions

    There are no distributions for this share class or distributions are currently not available
    Performance Attribution

    Performance Attribution

    Guide

    Available approximately 15 or 25 days after month end


    Quarterly Attribution

    Available approximately 25 days after quarter end


    Year To Date (YTD)
    12 Month Attribution
    Calendar Year
    No Data Available
  • Portfolio & Holdings Information

    Portfolio & Holdings Information
    The portfolio is actively managed, and current holdings may be different.

    Sector, Holding & Characterstics

    Largest Sector Weights

    As of 31-Mar-25

    Holding Characteristics

    As of 31-Mar-25
    Data table of holding characteristics
    characterstics Equity Earning
    Weighted Average Price/Earnings (next 12 months) 13.40x
    Weighted Average Price/Cash Flow 9.53x
    Weighted Average Price/Sales 0.98x
    Weighted Average Price/Book 1.55x
    Weighted Average IBES Long Term EPS Growth 11.60%
    Weighted Average Dividend Yield 2.87%
    Weighted Average Market Cap $53.6b
    Weighted Median Market Cap $37.0b
    Number of Issues 34
    Active Share 97.24%
    Portfolio Turnover (U.S. Method) 24.94%
    Portfolio Turnover (LUX Method) 43.30%
    % in Stocks 95.39%
    % Cash & Cash Equivalents 4.60%
    % Other1 0.01%
    % in Top Ten 39.11%

    Top 10 Holdings

    As of 31-Mar-25
    • National Grid PLC
    • Ryanair Holdings PLC ADR
    • CSX Corp
    • Airbus SE
    • Autoliv Inc
    • Deutsche Post AG
    • Davide Campari-Milano NV
    • Novozymes AS
    • Cie Generale des Etablissements Michelin SCA
    • Assa Abloy AB
    The portfolio is actively managed, and current holdings may be different.

    Type Of Holdings (%)

    As of 31-Mar-25

    Sector Weights (%)

    As of 31-Mar-25
    •  % Assets
    • Industrials
      29.13
    • Consumer Discretionary
      15.66
    • Financials
      12.23
    • Materials
      10.63
    • Utilities
      8.32
    • Consumer Staples
      6.69
    • Health Care
      5.63
    • Information Technology
      4.48
    • Energy
      2.64
    • Cash & Cash Equivalents
      4.60
    Exposures

    Currency Weights (%)

    As of 31-Mar-25
    • Euro
      36.36
    • United States Dollar
      21.69
    • British Pound Sterling
      17.05
    • Japanese Yen
      7.97
    • Canadian Dollar
      4.07
    • Danish Krone
      3.70
    • Swedish Krona
      3.45
    • South Korean Won
      3.31
    • Swiss Franc
      2.40
    Region & Country

    Region & Country

    As of 31-Mar-25
    Region & Country Table
    Region & Country % Assets
    Europe ex-U.K.
    8 Countries
    45.91
    North America
    2 Countries
    21.16
    United Kingdom
    1 Countries
    17.05
    Japan
    1 Countries
    7.97
    Cash & Cash Equivalents
    1 Countries
    4.60
    Emerging Markets
    1 Countries
    3.31
    By Country Table
    By Country

    Top Country Weightings (%)

    As of 31-Mar-25
    • France
      20.21
    • United Kingdom
      17.05
    • United States
      13.90
    • Japan
      7.97
    • Canada
      7.25
    Important Characteristics Information
    The portfolio is actively managed, and current holdings may be different.

    Portfolio characteristics are based on equivalent exposure, which measures how a portfolio's value would change due to price changes in an asset held either directly or, in the case of a derivative contract, indirectly. The market value of the holding may differ.

    *Short positions, unlike long positions, lose value if the underlying asset gains value.

    1Other. Other consists of: (i) currency derivatives and/or (ii) any derivative offsets.
  • Resources

    Resources

    Fund Documents & Fact Sheets

    Fund Documents & Fact Sheets

    Click here to view fund documents such as Key Investor Documents, Complete Prospectus, Annual Report, Semi Annual Report, Swing Pricing, and Fact Sheets. Some of these documents are available in other languages.
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