Fact sheet: Morg Stnly Euro Bond

Fund information
Fund name
Morg Stnly Euro Bond I EUR
Fund manager company
Morgan Stanley Investment Fund
Fund type
Offshore Fund
Fund managers
  • Marco Spaltrosince 01/12/2014
  • Richard Fordsince 30/11/2009
Fund objective
Seeks to provide an attractive rate of relative return, measured in euro, through investment primarily in high quality issues of euro denominated fixed income securities whether issued by corporations, governments or government guaranteed issuers.
Benchmark
  • Barclays Euro Aggregate A- or Better Index
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
2.4%
1 Year rank in sector
24/64
Sector
FO Fixed Int - EUR Investment Grade
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.
0.68%
Fund size
£257m (£186m 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.
72
Top in this sector
Fund name1 Year
Capital Group ECorpBdLUX20.4%
Russell IC II Euro FI19.7%
Capital Group EBdFL18%
Pimco GIS Euro Income Bond5.3%
Robeco Gbl Mult-Fact Cred4.2%
...more in FO Fixed Int - EUR Investment Grade

Performance snapshot

Holdings snapshot

  • France23.5%
    Germany17.1%
    USA7.5%
    UK7.4%
    Spain6.3%
  • Government Bonds49.2%
    Banks24.4%
    Insurance3.5%
    Financial Services3%
    Oil & Gas3%
  • French Fixed Interest23.5%
    German Fixed Interest17.1%
    US Fixed Interest7.5%
    UK Fixed Interest7.4%
    Spanish Fixed Interest6.3%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.8%-3.3%-1%2.4%13.7%31.9%
Sector-1.6%-3.1%-0.5%2.4%12%34.7%
Rank within sector53 / 6446 / 6437 / 6424 / 6421 / 6117 / 48
Quartile4th3rd3rd2nd2nd2nd
Calendar performance
 YTD - 20162015201420132012
Fund2.7%0.1%10.5%1.9%12.4%
Sector2.8%-0.2%8.9%3.4%15.2%
Rank within sector27 / 6428 / 6323 / 6122 / 5210 / 48
Quartile2nd2nd2nd2nd1st
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.
1.05
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.
0.91
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.
0.3
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%.
3.37
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.
1.41
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.
0.51
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.
0.83
Price movement
52 week high18.02
52 week low16.94
Current bid price-
Current offer price-
Current mid price17.4
Region
1France23.55%
2Germany17.11%
3USA7.48%
4UK7.39%
5Spain6.32%
6Netherlands6.13%
7Ireland4.54%
8Italy2.88%
9Australia2.53%
Industry sector
1Government Bonds49.19%
2Banks24.39%
3Insurance3.5%
4Financial Services3.05%
5Oil & Gas2.96%
6Cash & Cash Equivalents2.42%
7Electricity Supply1.96%
8Telecommunications1.73%
9Beverages1.26%
Asset type
1French Fixed Interest23.55%
2German Fixed Interest17.11%
3US Fixed Interest7.48%
4UK Fixed Interest7.39%
5Spanish Fixed Interest6.32%
6Dutch Fixed Interest6.13%
7Irish Fixed Interest4.54%
8Italian Fixed Interest2.88%
9Australian Fixed Interest2.53%
Individual holdings
1GERMANY(FEDERAL REPUBLIC OF) 4.25% BDS 04/07/39 EUR0.015.28%
2GERMANY (FEDERAL REPUBLIC OF), 0.100000%, 2026-04-154.52%
3FRANCE(GOVT OF) 1.1% INFL IDX OAT 25/07/22 EUR13.98%
4GERMANY(FEDERAL REPUBLIC OF) 2.5% NTS 04/07/44 EUR0.013.74%
5FRANCE(GOVT OF) 4% TB 25/10/38 EUR13.39%
6FRANCE(GOVT OF) 8.25% OAT BDS 25/4/22 EUR13.06%
7FRANCE(GOVT OF) 0.5% BDS 25/05/26 EUR12.91%
8NETHERLANDS(KINGDOM OF) 0.25% NTS 15/07/25 EUR12.9%
9GERMANY(FEDERAL REPUBLIC OF) 4.75% BDS 4/7/34 EUR0.012.19%
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 relative return, measured in euro, through investment primarily in high quality issues of euro denominated fixed income securities whether issued by corporations, governments or government guaranteed issuers.
Benchmark
  • Barclays Euro Aggregate A- or Better Index
Investment style
None
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Marco Spaltro01/12/2014Marco is a portfolio manager on the Global Fixed Income team. He joined Morgan Stanley in 2013 and has ten years of industry experience. Prior to joining the firm, Marco was an economist at the Financial Stability Directorate of the Bank of England. While at the Bank, Marco published research on the effects of QE and macroprudential policies on the real economy. Previously, he worked in New York and London as a foreign exchange economist for a financial consultancy firm. Marco received a B.Sc. in economics, summa cum laude, from Catholic University, Milan, an M.Sc. from University College London and a Ph.D. in economics and finance from University of London.
Richard Ford30/11/2009Richard Ford, Executive Director, joined Morgan Stanley in 1991 and has 10 years of investment experience. He is a portfolio manager for the European Corporate Bond programme. Prior to his current role, Richard was a European Credit Trader. Prior to joining the Firm, he was a Chartered Accountant with Ernst & Young. Richard received a B.com from Edinburgh University in Business Studies and qualified as a Chartered Accountant. He is a member of the Institute of Chartered Accountants of England and Wales.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Reporting Fund Status, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Austria, Switzerland, Chile, Germany, Spain, Finland, France, United Kingdom, Gulf Cooperation Council, Greece, Guernsey, Hong Kong, Ireland, Italy, Luxembourg, Netherlands, Norway, Offshore, Peru, Portugal, Singapore, Sweden
Morg Stnly Euro Bond A EUR
Initial charge4%
Annual charge0.8%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.1%
Total expense ratio (TER)1.1%
Bid price-
Offer price-
Mid price16.02
CurrencyEUR
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMH95
Morg Stnly Euro Bond A EUR USD
Initial charge4%
Annual charge0.8%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.1%
Total expense ratio (TER)1.1%
Bid price-
Offer price-
Mid price17.03
CurrencyUSD
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeWF88
Morg Stnly Euro Bond AX EUR
Initial charge-
Annual charge0.8%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10.09
CurrencyEUR
Price updated31/08/2007
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeEL55
Morg Stnly Euro Bond AX GBP
Initial charge-
Annual charge0.8%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price6.83
CurrencyGBP
Price updated31/08/2007
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeEL56
Morg Stnly Euro Bond B EUR
Initial charge-
Annual charge0.8%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.1%
Total expense ratio (TER)2.1%
Bid price-
Offer price-
Mid price13.27
CurrencyEUR
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMH96
Morg Stnly Euro Bond B EUR USD
Initial charge-
Annual charge0.8%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.1%
Total expense ratio (TER)2.1%
Bid price-
Offer price-
Mid price14.11
CurrencyUSD
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeWF89
Morg Stnly Euro Bond C EUR
Initial charge-
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 price35.95
CurrencyEUR
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeDOY9
Morg Stnly Euro Bond C EUR USD
Initial charge-
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 price38.21
CurrencyUSD
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeDOZ0
Morg Stnly Euro Bond I EUR
Initial charge3%
Annual charge0.45%
Min single investment£500,000
Min regular saving£50,000
Available in ISANo
Ongoing charge (OCF)0.68%
Total expense ratio (TER)0.68%
Bid price-
Offer price-
Mid price17.4
CurrencyEUR
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeYM11
Morg Stnly Euro Bond I EUR USD
Initial charge3%
Annual charge0.45%
Min single investment£500,000
Min regular saving£50,000
Available in ISANo
Ongoing charge (OCF)0.68%
Total expense ratio (TER)0.68%
Bid price-
Offer price-
Mid price18.49
CurrencyUSD
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeWF90
Morg Stnly Euro Bond Z EUR
Initial charge1%
Annual charge0.45%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.64%
Total expense ratio (TER)0.64%
Bid price-
Offer price-
Mid price39.1
CurrencyEUR
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeDOZ1
Morg Stnly Euro Bond Z EUR USD
Initial charge1%
Annual charge0.45%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.64%
Total expense ratio (TER)0.64%
Bid price-
Offer price-
Mid price41.57
CurrencyUSD
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeDOZ2
Data provided by

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