Fact sheet: Morg Stnly Gbl Prmr Crdt

Fund information
Fund name
Morg Stnly Global Premier Credit A USD
Fund manager company
Morgan Stanley Investment Fund
Fund type
Offshore Fund
Fund managers
  • Joseph Mehlmansince 01/12/2014
  • Christian Rothsince 03/12/2012
  • Ric Fordsince 03/12/2012
Fund objective
Seeks to provide an attractive rate of return, measured in US Dollars, primarily through investment in a concentrated portfolio of high quality fixed income securities issued globally by corporations and non governmental agencies.
Benchmark
  • Bloomberg Barclays Global Aggregate Corporate Index
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
0.8%
1 Year rank in sector
218/296
Sector
FO Fixed Int - Global
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
£14m (£12m 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.
68
Top in this sector
Fund name1 Year
Capital Group GHIOL32.5%
Dodge & Cox Global Bond27.4%
HSBC GIF Gbl AsBk Bd24.3%
Russell Gbl Bd24.3%
Morg Stnly Gbl Mrtg Securts23.5%
...more in FO Fixed Int - Global

Performance snapshot

Holdings snapshot

  • USA67.8%
    UK5.4%
    France4.7%
    Switzerland3.8%
    Netherlands3.2%
  • Banks24.2%
    Financial Services7.2%
    Retail5.9%
    Oil & Gas5.7%
    Electricity Supply5.5%
  • US Fixed Interest67.8%
    UK Fixed Interest5.4%
    French Fixed Interest4.7%
    Swiss Fixed Interest3.8%
    Dutch Fixed Interest3.2%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-3%-5.1%-3.3%0.8%-1%-
Sector-1.9%-2.1%0.9%2.9%5.6%14.2%
Rank within sector243 / 315265 / 313274 / 308218 / 296180 / 236-
Quartile4th4th4th3rd4th
Calendar performance
 YTD - 20162015201420132012
Fund0.7%-3.9%2.1%-0.8%-
Sector3.9%-1.6%3.7%-1.6%8.2%
Rank within sector259 / 300212 / 276155 / 23791 / 206-
Quartile4th4th3rd2nd
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.
-1.71
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
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%.
3.46
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.
2.34
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.
-0.74
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.
0.54
Price movement
52 week high26.03
52 week low24.18
Current bid price-
Current offer price-
Current mid price24.49
Region
1USA67.76%
2UK5.38%
3France4.69%
4Switzerland3.81%
5Netherlands3.25%
6Germany3%
7Australia2.17%
8Canada1.63%
9Japan1.6%
Industry sector
1Banks24.24%
2Financial Services7.22%
3Retail5.93%
4Oil & Gas5.71%
5Electricity Supply5.51%
6Media4.4%
7Telecommunications4.25%
8Transport3.73%
9Insurance3.49%
Asset type
1US Fixed Interest67.76%
2UK Fixed Interest5.38%
3French Fixed Interest4.69%
4Swiss Fixed Interest3.81%
5Dutch Fixed Interest3.25%
6German Fixed Interest3%
7Australian Fixed Interest2.17%
8Canadian Fixed Interest1.63%
9Japanese Fixed Interest1.6%
Individual holdings
1SHELL INTERNATIONAL FINANCE BV 2.125% BDS 11/05/20 USD10001.64%
2GENERAL ELECTRIC CAPITAL CORP 4.418% NTS 15/11/35 USD1000 144A1.59%
3BANK OF AMERICA CORP 4% BDS 01/04/24 USD10001.53%
4ROCHE HLDG INC 3.35% BDS 30/09/24 USD10001.53%
5GOLDMAN SACHS GROUP INC/THE, 3.625000%, 2023-01-221.52%
6HSBC USA INC 3.5% BDS 23/06/24 USD1000001.49%
7EXXON MOBIL CORP 2.397% BDS 06/03/22 USD20001.46%
8UBS GROUP AG 2.95% BDS 24/09/20 USD200000REG S1.46%
9METLIFE INC 7.717% BDS 15/02/19 USD10001.44%
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 US Dollars, primarily through investment in a concentrated portfolio of high quality fixed income securities issued globally by corporations and non governmental agencies.
Benchmark
  • Bloomberg Barclays Global Aggregate Corporate Index
Investment style
None
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Joseph Mehlman01/12/2014
Christian Roth03/12/2012Christian 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.
Ric Ford03/12/2012
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 Premier 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 price24.49
CurrencyUSD
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeI3RN
Morg Stnly Global Premier 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 price23.11
CurrencyEUR
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeI3RM
Morg Stnly Global Premier 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 price23.54
CurrencyUSD
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeI3RQ
Morg Stnly Global Premier 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 price22.21
CurrencyEUR
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeI3RP
Morg Stnly Global Premier Credit BH EUR
Initial charge-
Annual charge0.8%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.14%
Total expense ratio (TER)2.14%
Bid price-
Offer price-
Mid price22.79
CurrencyEUR
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeI3RR
Morg Stnly Global Premier Credit CH EUR
Initial charge-
Annual charge1.45%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.79%
Total expense ratio (TER)1.95%
Bid price-
Offer price-
Mid price24.76
CurrencyEUR
Price updated23/12/2014
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeI3RU
Morg Stnly Global Premier Credit I 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)0.64%
Bid price-
Offer price-
Mid price25.5
CurrencyUSD
Price updated23/12/2014
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeI3RW
Morg Stnly Global Premier Credit I USD 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)0.64%
Bid price-
Offer price-
Mid price20.96
CurrencyEUR
Price updated23/12/2014
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeI3RV
Morg Stnly Global Premier 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 price24.94
CurrencyUSD
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeI3RY
Morg Stnly Global Premier 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 price23.54
CurrencyEUR
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeI3RX
Morg Stnly Global Premier 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)0.64%
Bid price-
Offer price-
Mid price22.84
CurrencyUSD
Price updated01/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeI3SB
Morg Stnly Global Premier 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)0.64%
Bid price-
Offer price-
Mid price21.55
CurrencyEUR
Price updated01/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeI3RZ
Morg Stnly Global Premier 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)0.64%
Bid price-
Offer price-
Mid price18.1
CurrencyGBP
Price updated01/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeI3SD
Data provided by

The Content is only for your general information and use and is not intended to address your particular requirements. The Content does not constitute any form of advice, recommendation or arrangement by Moneywise and is not intended to be relied upon by you in making (or refraining from making) any specific investment or other decisions. Appropriate independent advice should be obtained before making any such decision.

This information is sourced from our partner Financial Express. We believe the data to be correct however you should take care in using any information.

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.