Fact sheet: Morg Stnly Divfd Alp+

Fund information
Fund name
Morg Stnly Diversified Alpha Plus B EUR
Fund manager company
Morgan Stanley Investment Fund
Fund type
Offshore Fund
Fund managers
  • Sergei Parmenovsince 30/06/2011
  • Cyril Moulle-Berteauxsince 30/06/2011
Fund objective
To seek to provide an absolute return, measured in euros, while actively managing total portfolio risk. The Investment Adviser seeks to manage downside risk and targets below market volatility.
Benchmark
  • No Specified Index
Investment style
Absolute Return,Flexible
Investment method
None
Quick stats
1 Year return
-6.5%
1 Year rank in sector
120/131
Sector
FO Absolute Return
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.
3.05%
Fund size
£2,336m (£7,300m 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.
38
Top in this sector
Fund name1 Year
SW Mitchell Emerging European16.7%
Pioneer SICV-AbsRetBd16.1%
Pictet Scv II Dyn Ass Alloc11.2%
Orbis Optimal SA9.3%
Polar Capital UK Abs Eq9%
...more in FO Absolute Return

Performance snapshot

Holdings snapshot

  • Money Market130%
    France2.8%
    Italy2.3%
    Not Specified1.7%
    Spain1.6%
  • Non-Rated44.3%
    AA+19.1%
    AA9.6%
    B-4.5%
    AAA3.6%
  • Money Market130%
    International Equities6.9%
    Commodity & Energy1.7%
    Global Fixed Interest-38.6%

Fund also available on these pension platforms:

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund2.6%0.6%-2.6%-6.5%-19%0.5%
Sector0%-0.5%0.6%0%2.7%9.8%
Rank within sector9 / 14039 / 140125 / 138120 / 13183 / 8358 / 63
Quartile1st2nd4th4th4th4th
Calendar performance
 YTD - 20162015201420132012
Fund-6.4%-13%-1.1%14.8%6.7%
Sector0.3%0.7%1.2%3.6%3.9%
Rank within sector117 / 131115 / 11562 / 877 / 7019 / 62
Quartile4th4th3rd1st2nd
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.
-8.13
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.
1.02
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.
-0.01
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%.
6.13
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.
5.85
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.
-1.41
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.
0.09
Price movement
52 week high27.46
52 week low24.82
Current bid price-
Current offer price-
Current mid price25.58
Region
1Money Market129.98%
2France2.76%
3Italy2.28%
4Not Specified1.72%
5Spain1.62%
6Argentina1.59%
7Greece1.47%
8Ireland1.04%
9Netherlands0.98%
Industry sector
1Non-Rated44.34%
2AA+19.12%
3AA9.6%
4B-4.5%
5AAA3.55%
6BB3.39%
7B2.76%
8B+2.28%
9A2.08%
Asset type
1Money Market129.98%
2International Equities6.89%
3Commodity & Energy1.72%
4Global Fixed Interest-38.58%
Individual holdings
No data available.
Management
Fund manager group
Morgan Stanley
Fund manager company
Morgan Stanley Investment Fund
Fund type
Offshore Fund
Fund objective
To seek to provide an absolute return, measured in euros, while actively managing total portfolio risk. The Investment Adviser seeks to manage downside risk and targets below market volatility.
Benchmark
  • No Specified Index
Investment style
Absolute Return,Flexible
Investment method
None
Fund managers
NameSinceBiography
Sergei Parmenov30/06/2011Sergei is a senior member of the Global Asset Allocation team at Morgan Stanley Investment Management. He re-joined the firm in 2011 and has 15 years of investment experience. Before returning to Morgan Stanley, Sergei was a founder and manager of Lyncean Capital Management, a macro hedge fund. Between 2003 and 2008, Sergei was an analyst and a portfolio manager at Traxis Partners, a multi-strategy hedge fund. From 2002 to 2003, Sergei was an analyst at a European mid-cap equities hedge fund at J. Rothschild Capital Management in London. Prior to this, he was a vice president in the private equity department of Deutsche Bank and from 1999 to 2001, Sergei was an associate and subsequently vice president at Whitney & Co, focusing on European private equity investments. Sergei started his career in Morgan Stanley Investment Management in 1996. He received a B.A. in economics from Columbia University.
Cyril Moulle-Berteaux30/06/2011Cyril is head of the Global Asset Allocation team at Morgan Stanley Investment Management. He re-joined the firm in 2011 and has 20 years of financial industry experience. Before returning to Morgan Stanley, Cyril was a founding partner and portfolio manager at Traxis Partners, a multi-strategy hedge fund firm. At Traxis Partners, Cyril managed absolute-return portfolios and was responsible for running the firm’s quantitative and fundamental research effort. Prior to co-founding Traxis Partners, in 2003, he was a managing director at MSIM, initially running Asset Allocation Research and ultimately heading the Global Asset Allocation team. Previously, Cyril was an associate at Bankers Trust and worked there from 1991 to 1995 initially in corporate finance and eventually as a derivatives trader in the emerging markets group. He received a B.A. in economics from Harvard University.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Transparent for German Tax, IA Recognised, Reporting Fund Status, UCITS IV Compliant, MAS Unrestricted Scheme
Domicile
No data available.
Fund for sale in
Austria, Belgium, Switzerland, Chile, Germany, Spain, Finland, France, United Kingdom, Greece, Guernsey, Hong Kong, Ireland, Italy, Luxembourg, Netherlands, Norway, Offshore, Portugal, Singapore, Sweden
Morg Stnly Diversified Alpha Plus A EUR
Initial charge5.75%
Annual charge1.75%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.05%
Total expense ratio (TER)2.05%
Bid price-
Offer price-
Mid price27.84
CurrencyEUR
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeAAE7
Morg Stnly Diversified Alpha Plus A EUR USD
Initial charge5.75%
Annual charge1.75%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.05%
Total expense ratio (TER)2.05%
Bid price-
Offer price-
Mid price29.6
CurrencyUSD
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeAAE8
Morg Stnly Diversified Alpha Plus AH CHF
Initial charge5.75%
Annual charge1.75%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.09%
Total expense ratio (TER)2.09%
Bid price-
Offer price-
Mid price20.39
CurrencyCHF
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFDLC
Morg Stnly Diversified Alpha Plus AH SEK
Initial charge5.75%
Annual charge1.75%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.09%
Total expense ratio (TER)2.09%
Bid price-
Offer price-
Mid price20.28
CurrencySEK
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFJLH
Morg Stnly Diversified Alpha Plus AH USD
Initial charge5.75%
Annual charge1.75%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.09%
Total expense ratio (TER)2.09%
Bid price-
Offer price-
Mid price29.67
CurrencyUSD
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeEWG1
Morg Stnly Diversified Alpha Plus AX EUR
Initial charge5.75%
Annual charge1.75%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.05%
Total expense ratio (TER)2.05%
Bid price-
Offer price-
Mid price20.47
CurrencyEUR
Price updated08/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFJHJ
Morg Stnly Diversified Alpha Plus AX EUR USD
Initial charge5.75%
Annual charge1.75%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.05%
Total expense ratio (TER)2.05%
Bid price-
Offer price-
Mid price21.76
CurrencyUSD
Price updated08/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFJHK
Morg Stnly Diversified Alpha Plus B EUR
Initial charge-
Annual charge1.75%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)3.05%
Total expense ratio (TER)3.05%
Bid price-
Offer price-
Mid price25.58
CurrencyEUR
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeAAE5
Morg Stnly Diversified Alpha Plus B EUR USD
Initial charge-
Annual charge1.75%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)3.05%
Total expense ratio (TER)3.05%
Bid price-
Offer price-
Mid price27.19
CurrencyUSD
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeAAE6
Morg Stnly Diversified Alpha Plus BH USD
Initial charge-
Annual charge1.75%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)3.09%
Total expense ratio (TER)3.09%
Bid price-
Offer price-
Mid price25.63
CurrencyUSD
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeEWG2
Morg Stnly Diversified Alpha Plus C EUR
Initial charge-
Annual charge2.45%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.75%
Total expense ratio (TER)2.75%
Bid price-
Offer price-
Mid price25.86
CurrencyEUR
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeIEP3
Morg Stnly Diversified Alpha Plus C EUR USD
Initial charge-
Annual charge2.45%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.75%
Total expense ratio (TER)2.75%
Bid price-
Offer price-
Mid price27.49
CurrencyUSD
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeIEU7
Morg Stnly Diversified Alpha Plus FH USD
Initial charge-
Annual charge0.8%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.14%
Total expense ratio (TER)1.14%
Bid price-
Offer price-
Mid price21.59
CurrencyUSD
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFKZS
Morg Stnly Diversified Alpha Plus I EUR
Initial charge3%
Annual charge0.8%
Min single investment£500,000
Min regular saving£50,000
Available in ISANo
Ongoing charge (OCF)1.03%
Total expense ratio (TER)1.03%
Bid price-
Offer price-
Mid price30.37
CurrencyEUR
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeAAE3
Morg Stnly Diversified Alpha Plus I EUR GBP
Initial charge-
Annual charge0.8%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.03%
Total expense ratio (TER)1.03%
Bid price-
Offer price-
Mid price25.63
CurrencyGBP
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFQPM
Morg Stnly Diversified Alpha Plus I EUR USD
Initial charge3%
Annual charge0.8%
Min single investment£500,000
Min regular saving£50,000
Available in ISANo
Ongoing charge (OCF)1.03%
Total expense ratio (TER)1.03%
Bid price-
Offer price-
Mid price32.29
CurrencyUSD
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeAAE4
Morg Stnly Diversified Alpha Plus IH Cap
Initial charge3%
Annual charge0.8%
Min single investment£500,000
Min regular saving£50,000
Available in ISANo
Ongoing charge (OCF)1.07%
Total expense ratio (TER)1.07%
Bid price-
Offer price-
Mid price21.88
CurrencyUSD
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFDRJ
Morg Stnly Diversified Alpha Plus IH GBP
Initial charge-
Annual charge0.8%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.07%
Total expense ratio (TER)1.07%
Bid price-
Offer price-
Mid price21.64
CurrencyGBP
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFSXD
Morg Stnly Diversified Alpha Plus N EUR
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.11%
Bid price-
Offer price-
Mid price15.07
CurrencyEUR
Price updated07/07/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFN1N
Morg Stnly Diversified Alpha Plus N EUR USD
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.11%
Bid price-
Offer price-
Mid price16.66
CurrencyUSD
Price updated07/07/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFN1O
Morg Stnly Diversified Alpha Plus Z EUR
Initial charge1%
Annual charge0.8%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.99%
Total expense ratio (TER)0.99%
Bid price-
Offer price-
Mid price30.38
CurrencyEUR
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeDPI3
Morg Stnly Diversified Alpha Plus Z EUR USD
Initial charge1%
Annual charge0.8%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.99%
Total expense ratio (TER)0.99%
Bid price-
Offer price-
Mid price32.29
CurrencyUSD
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeDPI4
Morg Stnly Diversified Alpha Plus ZH CHF
Initial charge1%
Annual charge0.8%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.03%
Total expense ratio (TER)1.03%
Bid price-
Offer price-
Mid price21.09
CurrencyCHF
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFDLD
Morg Stnly Diversified Alpha Plus ZH GBP
Initial charge1%
Annual charge0.8%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.03%
Total expense ratio (TER)1.03%
Bid price-
Offer price-
Mid price28.33
CurrencyGBP
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeLUB5
Morg Stnly Diversified Alpha Plus ZH USD
Initial charge1%
Annual charge0.8%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.03%
Total expense ratio (TER)1.03%
Bid price-
Offer price-
Mid price26.29
CurrencyUSD
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeN4L1
Morg Stnly Diversified Alpha Plus ZHX GBP
Initial charge-
Annual charge0.8%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.03%
Total expense ratio (TER)1.03%
Bid price-
Offer price-
Mid price21.76
CurrencyGBP
Price updated08/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFMWL
Data provided by

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You should be aware that prices may fall as well as rise and that the income derived can go down as well as up. When buying or selling any investment that fluctuates in price or value you may get back less than you invested. Past performance is not necessarily a guide to future performance.