Fact sheet: Morg Stnly $ Sht Dur HiYd Bd

Fund information
Fund name
Morg Stnly US Dollar Short Duration High Yield Bond I USD
Fund manager company
Morgan Stanley Investment Fund
Fund type
Offshore Fund
Fund manager
  • Richard Lindquistsince 04/12/2014
Fund objective
Seeks to provide an attractive rate of total return, measured in U.S. dollars, by investing primarily in high yield and unrated U.S. dollar denominated Fixed Income Securities, including without limitation those issued by governments, agencies and corporations located in emerging markets and for the avoidance of doubt including asset backed securities. The weighted average duration of the Fund will normally be less than 3 years, although this may be higher under certain market conditions.
Benchmark
  • Barclays US High Yield 1-5 Year Cash Pay 2% Issuer Capped Index
Investment style
High Yield
Investment method
Fixed Interest
Quick stats
1 Year return
9.4%
1 Year rank in sector
15/43
Sector
FO Fixed Int - USD High Yield
Yield
-
Ongoing charge (OCF)
?A fund’s ongoing charges figure (OCF) is similar to the old-style total expense ratio. It reflects the annual charge to investors in the fund, in percentage terms, but does not include extra performance-related fees (where these are levied) or the fund’s trading expenses on its underlying investments.
0.63%
Fund size
£15m (£10m last year)
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
81
Top in this sector
Fund name1 Year
Candriam GFUS HiYld Corp Bd32.2%
Allianz US HiYd30.7%
Old Mutual MtyInc HiYdBd25.9%
Nomura US Hg Yld Bd13.1%
Morg Stnly US$ HiYd Bd10.9%
...more in FO Fixed Int - USD High Yield

Performance snapshot

Holdings snapshot

  • USA86.5%
    Canada5%
    UK2.6%
    Netherlands2%
    Money Market1.5%
  • B52.2%
    BB31.1%
    CCC10.4%
    BBB3.6%
    Money Market1.5%
  • US Fixed Interest86.5%
    Canadian Fixed Interest5%
    UK Fixed Interest2.6%
    Dutch Fixed Interest2%
    Money Market1.5%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund1.1%2.4%7.2%9.4%--
Sector0.6%0.7%5.2%8.5%8.6%32.8%
Rank within sector7 / 454 / 437 / 4315 / 43--
Quartile1st1st1st2nd
Calendar performance
 YTD - 20162015201420132012
Fund11.7%-0.7%---
Sector10.7%-3.1%0.7%6.2%14.1%
Rank within sector20 / 437 / 39---
Quartile2nd1st
Risk statistics
Alpha
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
-
Beta
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
-
Sharpe
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
-
Volatility
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
-
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
-
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
-
R-Squared
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
-
Price movement
52 week high27.77
52 week low23.73
Current bid price-
Current offer price-
Current mid price27.77
Region
1USA86.47%
2Canada5.04%
3UK2.59%
4Netherlands2.04%
5Money Market1.52%
6Germany1.21%
7Luxembourg0.73%
8Australia0.4%
Industry sector
1B52.18%
2BB31.11%
3CCC10.44%
4BBB3.63%
5Money Market1.52%
6A0.78%
7CC0.3%
8D0.06%
Asset type
1US Fixed Interest86.47%
2Canadian Fixed Interest5.04%
3UK Fixed Interest2.59%
4Dutch Fixed Interest2.04%
5Money Market1.52%
6German Fixed Interest1.21%
7Luxembourg Fixed Interest0.73%
8Australian Fixed Interest0.4%
Individual holdings
No data available.
Management
Fund manager group
Morgan Stanley
Fund manager company
Morgan Stanley Investment Fund
Fund type
Offshore Fund
Fund objective
Seeks to provide an attractive rate of total return, measured in U.S. dollars, by investing primarily in high yield and unrated U.S. dollar denominated Fixed Income Securities, including without limitation those issued by governments, agencies and corporations located in emerging markets and for the avoidance of doubt including asset backed securities. The weighted average duration of the Fund will normally be less than 3 years, although this may be higher under certain market conditions.
Benchmark
  • Barclays US High Yield 1-5 Year Cash Pay 2% Issuer Capped Index
Investment style
High Yield
Investment method
Fixed Interest
Fund manager
NameSinceBiography
Richard Lindquist04/12/2014Richard is head of the High Yield Fixed Income team at Morgan Stanley Investment Management. He joined the firm in 2011 and has 30 years of investment experience. Prior to joining Morgan Stanley, Richard was a managing director and co-head of U.S. High Yield at Guggenheim Partners responsible for portfolio management, asset gathering, client service and overseeing all high yield trading. Previously, he was a managing director and head of the U.S. and Global High Yield Fixed Income team responsible for managing the firm's high yield assets for pension funds, mutual funds and insurance companies, as well as globally marketing the strategy and servicing existing high yield clients at both HSBC Halbis Partners (HSBC Global Asset Management) and Credit Suisse Asset Management. Richard received a B.S. in finance from Boston College and an M.B.A. in finance from the University of Chicago. He holds the Chartered Financial Analyst designation.
Compliance
Transparent for Austrian Tax, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Austria, Switzerland, Germany, Spain, Finland, France, United Kingdom, Ireland, Italy, Luxembourg, Netherlands, Norway, Offshore, Sweden
Morg Stnly US Dollar Short Duration High Yield Bond A USD
Initial charge-
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.3%
Total expense ratio (TER)1.3%
Bid price-
Offer price-
Mid price27.4
CurrencyUSD
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFPNU
Morg Stnly US Dollar Short Duration High Yield Bond A USD EUR
Initial charge-
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.3%
Total expense ratio (TER)1.3%
Bid price-
Offer price-
Mid price25.54
CurrencyEUR
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFPNT
Morg Stnly US Dollar Short Duration High Yield Bond AX USD
Initial charge-
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.3%
Total expense ratio (TER)1.3%
Bid price-
Offer price-
Mid price24.55
CurrencyUSD
Price updated05/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFPNW
Morg Stnly US Dollar Short Duration High Yield Bond AX USD EUR
Initial charge-
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.3%
Total expense ratio (TER)1.3%
Bid price-
Offer price-
Mid price22.88
CurrencyEUR
Price updated05/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFPNV
Morg Stnly US Dollar Short Duration High Yield Bond B USD
Initial charge-
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.3%
Total expense ratio (TER)2.3%
Bid price-
Offer price-
Mid price26.85
CurrencyUSD
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFPNY
Morg Stnly US Dollar Short Duration High Yield Bond B USD EUR
Initial charge-
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.3%
Total expense ratio (TER)2.3%
Bid price-
Offer price-
Mid price25.02
CurrencyEUR
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFPNX
Morg Stnly US Dollar Short Duration High Yield Bond BX USD
Initial charge-
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.3%
Total expense ratio (TER)2.3%
Bid price-
Offer price-
Mid price24.51
CurrencyUSD
Price updated05/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFPOA
Morg Stnly US Dollar Short Duration High Yield Bond BX USD EUR
Initial charge-
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.3%
Total expense ratio (TER)2.3%
Bid price-
Offer price-
Mid price22.84
CurrencyEUR
Price updated05/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFPNZ
Morg Stnly US Dollar Short Duration High Yield Bond C USD
Initial charge-
Annual charge1.3%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.6%
Total expense ratio (TER)1.6%
Bid price-
Offer price-
Mid price27.23
CurrencyUSD
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFPOC
Morg Stnly US Dollar Short Duration High Yield Bond C USD EUR
Initial charge-
Annual charge1.3%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.6%
Total expense ratio (TER)1.6%
Bid price-
Offer price-
Mid price25.38
CurrencyEUR
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFPOB
Morg Stnly US Dollar Short Duration High Yield Bond CX USD
Initial charge-
Annual charge1.3%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.6%
Total expense ratio (TER)1.6%
Bid price-
Offer price-
Mid price24.54
CurrencyUSD
Price updated05/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFPOF
Morg Stnly US Dollar Short Duration High Yield Bond CX USD EUR
Initial charge-
Annual charge1.3%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.6%
Total expense ratio (TER)1.6%
Bid price-
Offer price-
Mid price22.87
CurrencyEUR
Price updated05/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFPOD
Morg Stnly US Dollar Short Duration High Yield Bond I USD
Initial charge-
Annual charge0.4%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.63%
Total expense ratio (TER)0.63%
Bid price-
Offer price-
Mid price27.77
CurrencyUSD
Price updated05/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFPOH
Morg Stnly US Dollar Short Duration High Yield Bond I USD EUR
Initial charge-
Annual charge0.4%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.63%
Total expense ratio (TER)0.63%
Bid price-
Offer price-
Mid price25.88
CurrencyEUR
Price updated05/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFPOG
Morg Stnly US Dollar Short Duration High Yield Bond Z USD
Initial charge-
Annual charge0.4%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.59%
Total expense ratio (TER)0.59%
Bid price-
Offer price-
Mid price27.79
CurrencyUSD
Price updated05/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFPOJ
Morg Stnly US Dollar Short Duration High Yield Bond Z USD EUR
Initial charge-
Annual charge0.4%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.59%
Total expense ratio (TER)0.59%
Bid price-
Offer price-
Mid price25.9
CurrencyEUR
Price updated05/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFPOI
Data provided by

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