Fact sheet: Morg Stnly Euro Stragic Bd

Fund information
Fund name
Morg Stnly Euro Strategic 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 issues of euro denominated fixed income securities whether issued by corporations, government or government guaranteed issuers. The Fund may, on an ancillary basis, invest in non-euro denominated fixed income securities. Non-Euro currency exposure may be hedged back to the Euro.
Benchmark
  • Barclays Euro-Aggregate Index
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
5.4%
1 Year rank in sector
5/34
Sector
FO Fixed Int - EUR
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
£693m (£873m 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.
71
Top in this sector
Fund name1 Year
Schroder ISF EURCrConv8.3%
Nordea 1 European Fin Debt6.8%
CS 1Lux Ctgt Cap Eur6.5%
Union Quoniam Sel SICV€Cr5.5%
Morg Stnly Euro Stragic Bd5.4%
...more in FO Fixed Int - EUR

Performance snapshot

Holdings snapshot

  • Italy13.4%
    Spain11.9%
    USA11.4%
    France11.3%
    Germany9.5%
  • Government Bonds33%
    Banks22.4%
    Insurance5%
    Oil & Gas4.8%
    Electricity Supply4.2%
  • Italian Fixed Interest13.4%
    Spanish Fixed Interest11.9%
    US Fixed Interest11.4%
    French Fixed Interest11.3%
    German Fixed Interest9.5%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.5%-0.8%-0%5.4%14.9%35.3%
Sector0.3%-0.9%-0.6%2.3%9.4%22.3%
Rank within sector7 / 3518 / 3513 / 355 / 345 / 323 / 27
Quartile1st3rd2nd1st1st1st
Calendar performance
 YTD - 20172016201520142013
Fund-0.3%5.5%-0.3%11.2%2.4%
Sector-0.2%2.6%0%7.7%1.5%
Rank within sector21 / 342 / 3420 / 337 / 327 / 29
Quartile3rd1st3rd1st1st
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.
0.28
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.
1.5
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.
0.51
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%.
3.68
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.
1.56
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.
1.23
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.
0.92
Price movement
52 week high50.16
52 week low46.54
Current bid price-
Current offer price-
Current mid price49.21
Region
1Italy13.42%
2Spain11.9%
3USA11.37%
4France11.29%
5Germany9.51%
6UK8.8%
7Netherlands4.58%
8Australia2.98%
9Portugal2.86%
Industry sector
1Government Bonds33.02%
2Banks22.37%
3Insurance4.99%
4Oil & Gas4.8%
5Electricity Supply4.17%
6Telecommunications3.35%
7Real Estate2.5%
8Automotive2.15%
9Pharmaceuticals1.88%
Asset type
1Italian Fixed Interest13.42%
2Spanish Fixed Interest11.9%
3US Fixed Interest11.37%
4French Fixed Interest11.29%
5German Fixed Interest9.51%
6UK Fixed Interest8.8%
7Dutch Fixed Interest4.58%
8Australian Fixed Interest2.98%
9Portuguese Fixed Interest2.86%
Individual holdings
1UNITED STATES OF AMER TREAS NOTES 0.25% TB 15/01/25 USD10003%
2ITALY(REPUBLIC OF) 5.5% BDS 01/11/22 EUR10002.53%
3GERMANY(FEDERAL REPUBLIC OF) 4.25% BDS 04/07/39 EUR0.012.31%
4GERMANY(FEDERAL REPUBLIC OF) 2.5% NTS 04/07/44 EUR0.012.03%
5ITALY(REPUBLIC OF) 5% BDS 01/08/39 EUR10001.92%
6BRAZIL(FEDERATIVE REPUBLIC OF) 10% BDS 01/01/21 BRL10001.84%
7FRANCE(GOVT OF) 5.5% BDS 25/4/2029 EUR11.78%
8ITALY(REPUBLIC OF) 3.75% BDS 01/08/21 EUR10001.66%
9POLAND(STATE TREASURY OF) 2.5% BDS 25/07/26 PLN10001.22%
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 issues of euro denominated fixed income securities whether issued by corporations, government or government guaranteed issuers. The Fund may, on an ancillary basis, invest in non-euro denominated fixed income securities. Non-Euro currency exposure may be hedged back to the Euro.
Benchmark
  • Barclays Euro-Aggregate 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, Transparent for German Tax, Reporting Fund Status, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Austria, Switzerland, Chile, Germany, Spain, Finland, France, United Kingdom, Greece, Guernsey, Hong Kong, Ireland, Italy, Luxembourg, Netherlands, Norway, Offshore, Peru, Portugal, Singapore, Sweden
Morg Stnly Euro Strategic 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 price45.25
CurrencyEUR
Price updated16/01/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeYM28
Morg Stnly Euro Strategic 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 price47.99
CurrencyUSD
Price updated16/01/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeWF86
Morg Stnly Euro Strategic Bond AD 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 price26.51
CurrencyEUR
Price updated16/01/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeKXL8
Morg Stnly Euro Strategic Bond AD 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 price28.12
CurrencyUSD
Price updated16/01/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeL0T1
Morg Stnly Euro Strategic Bond ADX 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 price23.1
CurrencyEUR
Price updated16/01/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeKXL9
Morg Stnly Euro Strategic Bond ADX 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 price24.5
CurrencyUSD
Price updated16/01/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeL0T2
Morg Stnly Euro Strategic Bond AX 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 price28.67
CurrencyEUR
Price updated16/01/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeEL59
Morg Stnly Euro Strategic Bond AX EUR GBP
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 price25.18
CurrencyGBP
Price updated16/01/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeEL60
Morg Stnly Euro Strategic 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 price37.28
CurrencyEUR
Price updated16/01/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeWF87
Morg Stnly Euro Strategic 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 price39.55
CurrencyUSD
Price updated16/01/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeYM29
Morg Stnly Euro Strategic Bond BD 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 price24.92
CurrencyEUR
Price updated16/01/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeKXM0
Morg Stnly Euro Strategic Bond BD 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 price26.43
CurrencyUSD
Price updated16/01/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeL0S7
Morg Stnly Euro Strategic Bond BDX 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 price23.09
CurrencyEUR
Price updated16/01/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeKXM1
Morg Stnly Euro Strategic Bond BDX 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 price24.49
CurrencyUSD
Price updated16/01/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeL0V4
Morg Stnly Euro Strategic Bond BX 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 price28.64
CurrencyEUR
Price updated16/01/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeLJC7
Morg Stnly Euro Strategic Bond BX 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 price30.37
CurrencyUSD
Price updated16/01/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeLNU1
Morg Stnly Euro Strategic 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 price31.5
CurrencyEUR
Price updated16/01/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeKOP5
Morg Stnly Euro Strategic 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 price33.41
CurrencyUSD
Price updated16/01/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeKPN2
Morg Stnly Euro Strategic 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 price49.21
CurrencyEUR
Price updated16/01/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeYM30
Morg Stnly Euro Strategic 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 price52.2
CurrencyUSD
Price updated16/01/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeYM06
Morg Stnly Euro Strategic Bond IX EUR
Initial charge-
Annual charge0.45%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price27.9
CurrencyEUR
Price updated31/08/2007
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeEL62
Morg Stnly Euro Strategic Bond IX GBP
Initial charge-
Annual charge0.45%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price18.9
CurrencyGBP
Price updated31/08/2007
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeEL61
Morg Stnly Euro Strategic 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 price40.66
CurrencyEUR
Price updated16/01/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeEFB8
Morg Stnly Euro Strategic 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 price43.13
CurrencyUSD
Price updated16/01/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeEFE5
Morg Stnly Euro Strategic Bond ZD 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 price27.33
CurrencyEUR
Price updated16/01/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeKXM3
Morg Stnly Euro Strategic Bond ZD 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 price28.99
CurrencyUSD
Price updated16/01/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeL0T3
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.