Fact sheet: Morg Stnly Gbl Hi Yld Bd

Fund information
Fund name
Morg Stnly Global High Yield Bond B USD
Fund manager company
Morgan Stanley Investment Fund
Fund type
Offshore Fund
Fund managers
  • Richard Lindquistsince 18/11/2011
  • Leon Grenyersince 18/11/2011
Fund objective
Seeks to provide an attractive rate of return, measured in U.S. dollars, through investments worldwide primarily in Fixed Income Securities issued by corporations that are rated lower than "BBB-'' by S&P or "Baa3'' by Moody's or similarly by another internationally recognised rating service or determined to be of similar creditworthiness by the Investment Adviser. The global nature of the Fund allows the portfolio manager to access greater liquidity in a broader market, to seek relative value opportunities, and to obtain exposure to different economic trajectories around the world.
Benchmark
  • Barclays Global High Yield Corporate Index
Investment style
High Yield
Investment method
Fixed Interest
Quick stats
1 Year return
5.8%
1 Year rank in sector
65/77
Sector
FO Fixed Int - Global High Yield
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.
2.3%
Fund size
£328m (£275m 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.
64
Top in this sector
Fund name1 Year
Franklin GblCorpHiYd31.1%
Pioneer SICV-Gbl Hi Yld27%
HSBC GIF Gbl AsBk Hg Yld Bd21.3%
BlueBay Em Mkt HY Crp16.9%
Schroder ISFGbHiIBd16.6%
...more in FO Fixed Int - Global High Yield

Performance snapshot

Holdings snapshot

  • USA78.2%
    UK5%
    Luxembourg2.8%
    France2.7%
    Canada2.7%
  • Oil & Gas9.1%
    Media6.2%
    Services5.8%
    Retail5.1%
    Leisure3.8%
  • US Fixed Interest78.2%
    UK Fixed Interest5%
    Luxembourg Fixed Interest2.8%
    French Fixed Interest2.7%
    Canadian Fixed Interest2.7%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.5%5.7%8.2%5.8%5.9%-
Sector0.2%4.5%7.8%8.9%11.2%36.8%
Rank within sector12 / 8315 / 8238 / 8165 / 7751 / 59-
Quartile1st1st2nd4th4th
Calendar performance
 YTD - 20162015201420132012
Fund9.5%-4.2%-3.5%12.3%18.5%
Sector9.6%-2.5%1.4%5.2%15.5%
Rank within sector43 / 8046 / 7063 / 631 / 514 / 42
Quartile3rd3rd4th1st1st
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.
-2.54
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.
1.25
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
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%.
6.65
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.
3.09
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.
-0.53
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.
0.82
Price movement
52 week high34.49
52 week low29.96
Current bid price-
Current offer price-
Current mid price34.42
Region
1USA78.25%
2UK4.97%
3Luxembourg2.79%
4France2.71%
5Canada2.66%
6Spain1.81%
7Germany1.7%
8Australia1.04%
9Netherlands0.76%
Industry sector
1Oil & Gas9.1%
2Media6.2%
3Services5.81%
4Retail5.12%
5Leisure3.84%
6Telecommunications3.84%
7Foods3.42%
8Building Materials & Merchants3.16%
9Mineral Extraction2.98%
Asset type
1US Fixed Interest78.25%
2UK Fixed Interest4.97%
3Luxembourg Fixed Interest2.79%
4French Fixed Interest2.71%
5Canadian Fixed Interest2.66%
6Spanish Fixed Interest1.81%
7German Fixed Interest1.7%
8Australian Fixed Interest1.04%
9Dutch Fixed Interest0.76%
Individual holdings
1WISE METALS INTER HLDGS LLC/FIN CRP 9.75% BDS 15/06/19 USD2000 144A0.75%
2CENTURY COMMUNITIES INC 6.875% BDS 15/05/2022 USD0.63%
3WATERJET HLDGS 7.625% BDS 01/02/20 USD2000 144A0.63%
4TMS INTL CORP 7.625% BDS 15/10/21 USD2000144A0.62%
5HARLAND CLARKE HLDGS CORP 9.75% BDS 01/08/18 USD1000 144A0.6%
6J.B. POINDEXTER & CO 9% BDS 01/04/22 USD1000 144A0.6%
7ASSOCIATED ASPHALT PARTNERS 8.5% BDS 15/02/18 USD1000 144A0.59%
8KENNEDY-WILSON HLDGS INC 5.875% NTS 01/04/24 USD10000.59%
9MEMORIAL RESOURCE DEV CORP 5.875% BDS 01/07/22 USD1000REG S0.59%
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 return, measured in U.S. dollars, through investments worldwide primarily in Fixed Income Securities issued by corporations that are rated lower than "BBB-'' by S&P or "Baa3'' by Moody's or similarly by another internationally recognised rating service or determined to be of similar creditworthiness by the Investment Adviser. The global nature of the Fund allows the portfolio manager to access greater liquidity in a broader market, to seek relative value opportunities, and to obtain exposure to different economic trajectories around the world.
Benchmark
  • Barclays Global High Yield Corporate Index
Investment style
High Yield
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Richard Lindquist18/11/2011Richard is head of the High Yield Fixed Income team at Morgan Stanley Investment Management. He joined the firm in 2011 and has 30 years of investment experience. Prior to joining Morgan Stanley, Richard was a managing director and co-head of U.S. High Yield at Guggenheim Partners responsible for portfolio management, asset gathering, client service and overseeing all high yield trading. Previously, he was a managing director and head of the U.S. and Global High Yield Fixed Income team responsible for managing the firm's high yield assets for pension funds, mutual funds and insurance companies, as well as globally marketing the strategy and servicing existing high yield clients at both HSBC Halbis Partners (HSBC Global Asset Management) and Credit Suisse Asset Management. Richard received a B.S. in finance from Boston College and an M.B.A. in finance from the University of Chicago. He holds the Chartered Financial Analyst designation.
Leon Grenyer18/11/2011Leon is a member of the Fixed Income team. He joined Morgan Stanley in 2002 and has 16 years of investment experience. Prior to joining the firm, Leon was a credit analyst and investment analyst at Abbey National Treasury Services. He received a B.S. in geography from the University of Bristol.
Compliance
Transparent for Austrian Tax, Transparent for Swiss 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, Luxembourg, Netherlands, Norway, Offshore, Portugal, Singapore, Sweden
Morg Stnly Global High Yield Bond A USD
Initial charge4%
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.3%
Total expense ratio (TER)1.3%
Bid price-
Offer price-
Mid price36.13
CurrencyUSD
Price updated29/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code0L2A
Morg Stnly Global High Yield Bond A USD EUR
Initial charge4%
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.3%
Total expense ratio (TER)1.3%
Bid price-
Offer price-
Mid price32.22
CurrencyEUR
Price updated29/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code0L29
Morg Stnly Global High Yield Bond AH EUR
Initial charge4%
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.34%
Total expense ratio (TER)1.34%
Bid price-
Offer price-
Mid price32.04
CurrencyEUR
Price updated29/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code10JJ
Morg Stnly Global High Yield Bond AHX EUR
Initial charge4%
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.34%
Total expense ratio (TER)1.34%
Bid price-
Offer price-
Mid price26.43
CurrencyEUR
Price updated29/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi code0L2B
Morg Stnly Global High Yield Bond AMR USD
Initial charge4%
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.3%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price21.74
CurrencyUSD
Price updated21/01/2015
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFL6G
Morg Stnly Global High Yield Bond AMR USD EUR
Initial charge4%
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.3%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price18.68
CurrencyEUR
Price updated21/01/2015
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFL6H
Morg Stnly Global High Yield Bond AO SEK
Initial charge4%
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.34%
Total expense ratio (TER)1.34%
Bid price-
Offer price-
Mid price25.07
CurrencySEK
Price updated29/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFCIV
Morg Stnly Global High Yield Bond AX USD
Initial charge4%
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.3%
Total expense ratio (TER)1.3%
Bid price-
Offer price-
Mid price27.18
CurrencyUSD
Price updated29/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi code0L2E
Morg Stnly Global High Yield Bond AX USD EUR
Initial charge4%
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.3%
Total expense ratio (TER)1.3%
Bid price-
Offer price-
Mid price24.23
CurrencyEUR
Price updated29/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi code0L2C
Morg Stnly Global High Yield Bond B USD
Initial charge-
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.3%
Total expense ratio (TER)2.3%
Bid price-
Offer price-
Mid price34.42
CurrencyUSD
Price updated29/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code0L2G
Morg Stnly Global High Yield Bond B USD EUR
Initial charge-
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.3%
Total expense ratio (TER)2.3%
Bid price-
Offer price-
Mid price30.69
CurrencyEUR
Price updated29/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code0L2F
Morg Stnly Global High Yield Bond BH EUR
Initial charge-
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.34%
Total expense ratio (TER)2.34%
Bid price-
Offer price-
Mid price30.64
CurrencyEUR
Price updated29/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code10JK
Morg Stnly Global High Yield Bond BHX EUR
Initial charge-
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.34%
Total expense ratio (TER)2.34%
Bid price-
Offer price-
Mid price26.38
CurrencyEUR
Price updated29/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi code0L2H
Morg Stnly Global High Yield Bond BX USD
Initial charge-
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.3%
Total expense ratio (TER)2.3%
Bid price-
Offer price-
Mid price27.13
CurrencyUSD
Price updated29/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi code0L2K
Morg Stnly Global High Yield Bond BX USD EUR
Initial charge-
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.3%
Total expense ratio (TER)2.3%
Bid price-
Offer price-
Mid price24.19
CurrencyEUR
Price updated29/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi code0L2I
Morg Stnly Global High Yield Bond C USD
Initial charge-
Annual charge1.6%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.9%
Total expense ratio (TER)1.9%
Bid price-
Offer price-
Mid price29.71
CurrencyUSD
Price updated29/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeI0BP
Morg Stnly Global High Yield Bond C USD EUR
Initial charge-
Annual charge1.6%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.9%
Total expense ratio (TER)1.9%
Bid price-
Offer price-
Mid price26.49
CurrencyEUR
Price updated29/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeI0BO
Morg Stnly Global High Yield Bond CH EUR
Initial charge-
Annual charge1.6%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.94%
Total expense ratio (TER)1.94%
Bid price-
Offer price-
Mid price28.97
CurrencyEUR
Price updated29/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeI0BQ
Morg Stnly Global High Yield Bond I USD
Initial charge3%
Annual charge0.6%
Min single investment£500,000
Min regular saving£50,000
Available in ISANo
Ongoing charge (OCF)0.83%
Total expense ratio (TER)0.83%
Bid price-
Offer price-
Mid price25.15
CurrencyUSD
Price updated29/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code0L2M
Morg Stnly Global High Yield Bond I USD EUR
Initial charge3%
Annual charge0.6%
Min single investment£500,000
Min regular saving£50,000
Available in ISANo
Ongoing charge (OCF)0.83%
Total expense ratio (TER)0.83%
Bid price-
Offer price-
Mid price22.42
CurrencyEUR
Price updated29/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code0L2L
Morg Stnly Global High Yield Bond IX USD
Initial charge3%
Annual charge0.6%
Min single investment£500,000
Min regular saving£50,000
Available in ISANo
Ongoing charge (OCF)0.83%
Total expense ratio (TER)0.83%
Bid price-
Offer price-
Mid price21.59
CurrencyUSD
Price updated29/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFL6J
Morg Stnly Global High Yield Bond IX USD EUR
Initial charge3%
Annual charge0.6%
Min single investment£500,000
Min regular saving£50,000
Available in ISANo
Ongoing charge (OCF)0.83%
Total expense ratio (TER)0.83%
Bid price-
Offer price-
Mid price19.25
CurrencyEUR
Price updated29/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFL6I
Morg Stnly Global High Yield Bond Z USD
Initial charge1%
Annual charge0.6%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.79%
Total expense ratio (TER)0.79%
Bid price-
Offer price-
Mid price37.04
CurrencyUSD
Price updated29/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code0L2O
Morg Stnly Global High Yield Bond Z USD EUR
Initial charge1%
Annual charge0.6%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.79%
Total expense ratio (TER)0.79%
Bid price-
Offer price-
Mid price33.03
CurrencyEUR
Price updated29/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code0L2N
Morg Stnly Global High Yield Bond ZH EUR
Initial charge-
Annual charge0.6%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.83%
Total expense ratio (TER)0.83%
Bid price-
Offer price-
Mid price25.11
CurrencyEUR
Price updated29/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFIFH
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.