Fact sheet: Morg Stnly Gbl Credit

Fund information
Fund name
Morg Stnly Global Credit A USD
Fund manager company
Morgan Stanley Investment Fund
Fund type
Offshore Fund
Fund managers
  • Ric Fordsince 14/11/2012
  • Christian Rothsince 14/11/2012
  • Joseph Mehlmansince 01/12/2014
Fund objective
Seeks to provide an attractive rate of relative return, measured in U.S. dollars, through investment primarily in high quality issues of fixed income securities issued by corporations and other non-government issuers ('corporate bonds') organised or operating in both developed and emerging markets and denominated in global currencies.
Benchmark
  • Barclays Global Aggregate Corporate Index
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
6.1%
1 Year rank in sector
18/42
Sector
FO Fixed Int - USD
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.
1.1%
Fund size
£158m (£157m 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.
61
Top in this sector
Fund name1 Year
CG Dollar24.8%
Nordea 1 US Tot Ret Bd21.4%
Ashmore Emg Mkt Sovrn Dbt17.1%
Nordea 1 Emrg Mkt Bd14.7%
CG Gearing Portfolio12.6%
...more in FO Fixed Int - USD

Performance snapshot

Holdings snapshot

  • USA46.1%
    Money Market8.9%
    UK7.9%
    Netherlands5.9%
    France4.5%
  • Banks21.6%
    Cash & Cash Equivalents8.9%
    Electricity Supply6.7%
    Insurance5.7%
    Telecommunications5.5%
  • US Fixed Interest46.1%
    Money Market8.9%
    UK Fixed Interest7.9%
    Dutch Fixed Interest5.9%
    French Fixed Interest4.5%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.5%2%5.1%6.1%9.8%-
Sector0.1%2.8%4.6%5.8%10.3%17.9%
Rank within sector33 / 4318 / 4313 / 4218 / 4216 / 29-
Quartile4th2nd2nd2nd3rd
Calendar performance
 YTD - 20162015201420132012
Fund7.6%-4.1%3.3%3.6%-
Sector6.2%-0.5%3.4%0%6.8%
Rank within sector13 / 4237 / 3921 / 323 / 28-
Quartile2nd4th3rd1st
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.
-1.18
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.
1.36
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.
0.06
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%.
4.59
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.
3.29
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.
0.02
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.
0.52
Price movement
52 week high28
52 week low25.23
Current bid price-
Current offer price-
Current mid price27.78
Region
1USA46.05%
2Money Market8.9%
3UK7.89%
4Netherlands5.92%
5France4.48%
6Australia3.9%
7Germany3.38%
8Spain3.01%
9Switzerland1.97%
Industry sector
1Banks21.57%
2Cash & Cash Equivalents8.9%
3Electricity Supply6.74%
4Insurance5.73%
5Telecommunications5.52%
6Oil & Gas5.12%
7Automotive4.65%
8Financial Services4.37%
9Property Shares3.3%
Asset type
1US Fixed Interest46.05%
2Money Market8.9%
3UK Fixed Interest7.89%
4Dutch Fixed Interest5.92%
5French Fixed Interest4.48%
6Australian Fixed Interest3.9%
7German Fixed Interest3.38%
8Spanish Fixed Interest3.01%
9Swiss Fixed Interest1.97%
Individual holdings
1SHELL INTERNATIONAL FINANCE BV 2.125% BDS 11/05/20 USD10000.88%
2GENERAL ELECTRIC CAPITAL CORP 4.418% NTS 15/11/35 USD1000 144A0.87%
3ANHEUSER-BUSCH INBEV SA 4.9% BDS 01/02/46 USD10000.74%
4CREDIT SUISSE GROUP 6.5% NTS 08/08/23 USD1000 144A0.74%
5JPMORGAN CHASE & CO 3.125% BDS 23/01/25 USD20000.71%
6AT&T INC 5.55% BDS 15/08/41 USD10000.69%
7CREDIT AGRICOLE (LONDON) 3.875% NTS 15/04/24 USD10000.69%
8HSBC FINANCE CORP 6.676% SNR NTS 15/01/21 USD10000.69%
9FORD MOTOR CREDIT CO LLC 3.2% BDS 15/01/21 USD2000000.66%
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 U.S. dollars, through investment primarily in high quality issues of fixed income securities issued by corporations and other non-government issuers ('corporate bonds') organised or operating in both developed and emerging markets and denominated in global currencies.
Benchmark
  • Barclays Global Aggregate Corporate Index
Investment style
None
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Ric Ford14/11/2012
Christian Roth14/11/2012Christian Roth is the Global Head of Credit. He joined Morgan Stanley in 1991 and has over 20 years of investment experience. Prior to joining the firm, he was a senior associate in the merchant banking group of Dean Witter Capital Corporation. Chris received a B.S. in economics from the Wharton School of the University of Pennsylvania. He holds the Chartered Financial Analyst designation and is a member of the UK Society of Investment Professionals.
Joseph Mehlman01/12/2014
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, Germany, Spain, Finland, France, United Kingdom, Ireland, Italy, Luxembourg, Netherlands, Norway, Offshore, Portugal, Singapore, Sweden
Morg Stnly Global Credit A 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 price27.78
CurrencyUSD
Price updated22/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeGZYR
Morg Stnly Global Credit A USD 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 price24.69
CurrencyEUR
Price updated22/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeGZYQ
Morg Stnly Global Credit B 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 price26.73
CurrencyUSD
Price updated22/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeGZYT
Morg Stnly Global Credit B USD 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 price23.76
CurrencyEUR
Price updated22/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeGZYS
Morg Stnly Global Credit C 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 price27.1
CurrencyUSD
Price updated22/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeGZYV
Morg Stnly Global Credit C USD 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 price24.09
CurrencyEUR
Price updated22/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeGZYU
Morg Stnly Global Credit I USD
Initial charge3%
Annual charge0.45%
Min single investment£500,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.68%
Total expense ratio (TER)0.68%
Bid price-
Offer price-
Mid price28.23
CurrencyUSD
Price updated22/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeGZYX
Morg Stnly Global Credit I USD EUR
Initial charge3%
Annual charge0.45%
Min single investment£500,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.68%
Total expense ratio (TER)0.68%
Bid price-
Offer price-
Mid price25.09
CurrencyEUR
Price updated22/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeGZYW
Morg Stnly Global Credit Z 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 price28.28
CurrencyUSD
Price updated22/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeGZYZ
Morg Stnly Global Credit Z USD 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 price25.14
CurrencyEUR
Price updated22/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeGZYY
Morg Stnly Global Credit Z USD GBP
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 price21.57
CurrencyGBP
Price updated22/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFHQZ
Morg Stnly Global Credit ZH1 (CHF) CHF
Initial charge1%
Annual charge0.45%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.68%
Total expense ratio (TER)0.68%
Bid price-
Offer price-
Mid price26.96
CurrencyCHF
Price updated22/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFIPY
Morg Stnly Global Credit ZX 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)0.79%
Bid price-
Offer price-
Mid price25.49
CurrencyUSD
Price updated10/12/2014
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeGZZC
Morg Stnly Global Credit ZX USD 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)0.79%
Bid price-
Offer price-
Mid price20.54
CurrencyEUR
Price updated10/12/2014
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeGZZA
Morg Stnly Global Credit ZX USD GBP
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)0.79%
Bid price-
Offer price-
Mid price16.25
CurrencyGBP
Price updated10/12/2014
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeGZZB
Data provided by

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