Fact sheet: Morg Stnly EmgMkt Corpor Dt

Fund information
Fund name
Morg Stnly Emerging Markets Corporate Debt I USD
Fund manager company
Morgan Stanley Investment Fund
Fund type
Offshore Fund
Fund managers
  • Warren Marsince 03/09/2012
  • Jens Nystedtsince 01/12/2014
  • Eric Baurmeistersince 07/03/2011
Fund objective
Seeks to maximise total return, measured in U.S. dollars, primarily through investments across the credit spectrum of debt securities of corporate issuers, together with investing in debt securities of government and government related issuers located in emerging markets. The Fund intends to invest its assets in emerging market corporate debt securities that provide a high level of current income, while at the same time holding the potential for capital appreciation.
Benchmark
  • JP Morgan CEMBI Broad Diversified
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
11.8%
1 Year rank in sector
56/218
Sector
FO Fixed Int - Emerging Markets
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.
1.18%
Fund size
£806m (£529m 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.
80
Top in this sector
Fund name1 Year
Aberdeen Global II EMTlRB480%
UBS (L)BdSIC-Brazil$46%
Pictet Lat Am Lcl Cur Dt36%
Ashmore EMHghYldCrDb29.9%
Gramercy Allct Emg Mket Debt27%
...more in FO Fixed Int - Emerging Markets

Performance snapshot

Holdings snapshot

  • China9.6%
    Brazil9.2%
    Russia7.1%
    India6.6%
    Mexico5.9%
  • Corporate Bonds94.2%
    Cash & Cash Equivalents2.5%
    Government Agency Bonds2.2%
    Government Bonds1.1%
  • American Emerging Fixed Interest13.3%
    Chinese Fixed Interest9.6%
    Brazilian Fixed Interest9.2%
    Russian Fixed Interest7.1%
    Middle East & African Fixed Interest6.7%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.1%4.1%3%11.8%19.1%-
Sector0.6%4.4%1.2%9.5%5.8%5.9%
Rank within sector152 / 234112 / 23354 / 22556 / 21833 / 175-
Quartile3rd2nd1st2nd1st
Calendar performance
 YTD - 20172016201520142013
Fund4.4%10.7%-0.3%4.8%-
Sector4.1%10.2%-7.3%-0.6%-7%
Rank within sector89 / 23375 / 21752 / 20153 / 169-
Quartile2nd2nd2nd2nd
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.
4.77
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.
0.64
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.
0.47
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%.
5.17
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.
3.35
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.
1.26
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.
0.84
Price movement
52 week high29.05
52 week low25.7
Current bid price-
Current offer price-
Current mid price29.02
Region
1China9.58%
2Brazil9.24%
3Russia7.1%
4India6.58%
5Mexico5.86%
6Argentina5.37%
7Hong Kong5.18%
8Turkey5.16%
9Indonesia4.94%
Industry sector
1Corporate Bonds94.23%
2Cash & Cash Equivalents2.52%
3Government Agency Bonds2.19%
4Government Bonds1.06%
Asset type
1American Emerging Fixed Interest13.28%
2Chinese Fixed Interest9.58%
3Brazilian Fixed Interest9.24%
4Russian Fixed Interest7.1%
5Middle East & African Fixed Interest6.7%
6Indian Fixed Interest6.58%
7Mexican Fixed Interest5.86%
8GCC Fixed Interest5.81%
9Hong Kong Fixed Interest5.18%
Individual holdings
1UNIFIN FINANCIERA SAB DE CV 7.25% GTD SNR NTS 27/09/23 USD 144A2.02%
2ACCESS BANK NIGERIA 9.25% BDS 24/06/21 USD2000001.96%
3WOORI BANK KOREA 4.75% BDS 30/04/24 USD2000001.82%
4HUARONG FINANCE CO. LTD, 4.500000%, 2049-12-311.36%
5ZHAIKMUNAI LLP 7.125% BDS 13/11/19 USD1000 144A1.29%
6GEOPARK LATIN AMERICA LTD AGENCIA 7.5% BDS 11/02/20 USD1000 144A1.27%
7COMPANIA GENERAL DE COMBUSTIBILES 9.5% BDS 07/11/21 USD150000REG S1.21%
8IHS NETHERLANDS HOLDCO BV 9.5% BDS 27/10/21 USD2000001.17%
9ADANI PORTS & SPECIAL ECONOMIC ZONE 3.95% BDS 19/01/22 USD200000144A1.11%
Management
Fund manager group
Morgan Stanley
Fund manager company
Morgan Stanley Investment Fund
Fund type
Offshore Fund
Fund objective
Seeks to maximise total return, measured in U.S. dollars, primarily through investments across the credit spectrum of debt securities of corporate issuers, together with investing in debt securities of government and government related issuers located in emerging markets. The Fund intends to invest its assets in emerging market corporate debt securities that provide a high level of current income, while at the same time holding the potential for capital appreciation.
Benchmark
  • JP Morgan CEMBI Broad Diversified
Investment style
None
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Warren Mar03/09/2012Experience: Portfolio Manager, Head: Corporate Debt Strategy Morgan Stanley Investment Management : September 2012 –Present (7 months) Managing Director J.P. Morgan : 2004 – August 2012 (8 years) Investment Manager, Research & Strategy Investment New Zealand : 2002 – 2004 (2 years) Director BNP Paribas : 1995 – 2001 (6 years) Education: University of Auckland Bachelor of Commerce, Economics : 1984 –1986
Jens Nystedt01/12/2014
Eric Baurmeister07/03/2011Eric is a member of the Fixed Income team. He joined Morgan Stanley in 1997 and has 16 years of investment experience. Prior to joining the firm, Eric was an associate at Citicorp and a portfolio manager at MIMCO. He received a B.A. in economics and government from Cornell University and holds the Chartered Financial Analyst designation. Eric is a member of the New York Society of Security Analysts and the JPMorgan EMBI Index Advisory Committee.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Transparent for German Tax, Reporting Fund Status, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Austria, Belgium, Switzerland, Chile, Germany, Denmark, Spain, Finland, France, United Kingdom, Greece, Ireland, Italy, Republic Of Korea, Luxembourg, Netherlands, Norway, Offshore, Portugal, Singapore, Sweden
Morg Stnly Emerging Markets Corporate Debt A USD
Initial charge4%
Annual charge1.45%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.75%
Total expense ratio (TER)1.75%
Bid price-
Offer price-
Mid price34.74
CurrencyUSD
Price updated23/03/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNEV9
Morg Stnly Emerging Markets Corporate Debt A USD EUR
Initial charge4%
Annual charge1.45%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.75%
Total expense ratio (TER)1.75%
Bid price-
Offer price-
Mid price32.2
CurrencyEUR
Price updated23/03/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNEV8
Morg Stnly Emerging Markets Corporate Debt AH EUR
Initial charge4%
Annual charge1.45%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.79%
Total expense ratio (TER)1.79%
Bid price-
Offer price-
Mid price33.78
CurrencyEUR
Price updated23/03/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNEW0
Morg Stnly Emerging Markets Corporate Debt AHX EUR
Initial charge4%
Annual charge1.45%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.79%
Total expense ratio (TER)1.79%
Bid price-
Offer price-
Mid price27.62
CurrencyEUR
Price updated23/03/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi code0IVB
Morg Stnly Emerging Markets Corporate Debt AX USD
Initial charge4%
Annual charge1.45%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.75%
Total expense ratio (TER)1.75%
Bid price-
Offer price-
Mid price28.43
CurrencyUSD
Price updated23/03/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi code0IVE
Morg Stnly Emerging Markets Corporate Debt AX USD EUR
Initial charge4%
Annual charge1.45%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.75%
Total expense ratio (TER)1.75%
Bid price-
Offer price-
Mid price26.35
CurrencyEUR
Price updated23/03/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi code0IVC
Morg Stnly Emerging Markets Corporate Debt B USD
Initial charge-
Annual charge1.45%
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 price32.7
CurrencyUSD
Price updated23/03/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNEW2
Morg Stnly Emerging Markets Corporate Debt B USD EUR
Initial charge-
Annual charge1.45%
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 price30.31
CurrencyEUR
Price updated23/03/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNEW1
Morg Stnly Emerging Markets Corporate Debt BH EUR
Initial charge-
Annual charge1.45%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.79%
Total expense ratio (TER)2.79%
Bid price-
Offer price-
Mid price31.77
CurrencyEUR
Price updated23/03/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNEW3
Morg Stnly Emerging Markets Corporate Debt BHX EUR
Initial charge-
Annual charge1.45%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.79%
Total expense ratio (TER)2.79%
Bid price-
Offer price-
Mid price27.56
CurrencyEUR
Price updated23/03/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi code0IVF
Morg Stnly Emerging Markets Corporate Debt BX USD
Initial charge-
Annual charge1.45%
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 price28.36
CurrencyUSD
Price updated23/03/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi code0IVI
Morg Stnly Emerging Markets Corporate Debt BX USD EUR
Initial charge-
Annual charge1.45%
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 price26.28
CurrencyEUR
Price updated23/03/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi code0IVG
Morg Stnly Emerging Markets Corporate Debt C USD
Initial charge-
Annual charge2.15%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.45%
Total expense ratio (TER)2.45%
Bid price-
Offer price-
Mid price33.24
CurrencyUSD
Price updated23/03/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNEW5
Morg Stnly Emerging Markets Corporate Debt C USD EUR
Initial charge-
Annual charge2.15%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.45%
Total expense ratio (TER)2.45%
Bid price-
Offer price-
Mid price30.81
CurrencyEUR
Price updated23/03/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNEW4
Morg Stnly Emerging Markets Corporate Debt CH EUR
Initial charge-
Annual charge2.15%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.49%
Total expense ratio (TER)2.49%
Bid price-
Offer price-
Mid price28.06
CurrencyEUR
Price updated23/03/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeI0BM
Morg Stnly Emerging Markets Corporate Debt I USD
Initial charge3%
Annual charge0.95%
Min single investment£500,000
Min regular saving£50,000
Available in ISANo
Ongoing charge (OCF)1.18%
Total expense ratio (TER)1.18%
Bid price-
Offer price-
Mid price29.02
CurrencyUSD
Price updated23/03/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF81X
Morg Stnly Emerging Markets Corporate Debt I USD EUR
Initial charge3%
Annual charge0.95%
Min single investment£500,000
Min regular saving£50,000
Available in ISANo
Ongoing charge (OCF)1.18%
Total expense ratio (TER)1.18%
Bid price-
Offer price-
Mid price26.9
CurrencyEUR
Price updated23/03/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF81Y
Morg Stnly Emerging Markets Corporate Debt IH EUR
Initial charge3%
Annual charge0.95%
Min single investment£500,000
Min regular saving£50,000
Available in ISANo
Ongoing charge (OCF)1.22%
Total expense ratio (TER)1.22%
Bid price-
Offer price-
Mid price28.63
CurrencyEUR
Price updated23/03/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeE6FV
Morg Stnly Emerging Markets Corporate Debt Z USD
Initial charge1%
Annual charge0.95%
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 price36.08
CurrencyUSD
Price updated23/03/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeNEW7
Morg Stnly Emerging Markets Corporate Debt Z USD EUR
Initial charge1%
Annual charge0.95%
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 price33.44
CurrencyEUR
Price updated23/03/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeNEW6
Morg Stnly Emerging Markets Corporate Debt ZH EUR
Initial charge1%
Annual charge0.95%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.18%
Total expense ratio (TER)1.18%
Bid price-
Offer price-
Mid price29.65
CurrencyEUR
Price updated23/03/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFH5Z
Data provided by

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