Fact sheet: Morg Stnly Global Bond

Fund information
Fund name
Morg Stnly Global Bond I USD
Fund manager company
Morgan Stanley Investment Fund
Fund type
Offshore Fund
Fund managers
  • Jim Caronsince 01/12/2014
  • Richard Fordsince 01/12/2014
  • Michael Kushmasince 29/04/1995
  • Christian Rothsince 29/04/1995
Fund objective
Seeks to provide an attractive rate of return, measured in U.S. dollars, through market, instrument and currency selection. The Fund consists of domestic, international and euromarket fixed income securities of varying maturities denominated in U.S. dollars and other currencies, including emerging markets.
Benchmark
  • Bloomberg Barclays Capital Global Aggregate Bond
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
2.1%
1 Year rank in sector
151/296
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.
0.68%
Fund size
£454m (£487m 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.
70
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

  • USA35.1%
    Japan10.9%
    UK6.2%
    Italy4.8%
    Spain4.3%
  • Government Bonds50.6%
    Asset/Mortgage-Backed Securities18.4%
    Banks8.6%
    Insurance2.9%
    Telecommunications2.3%
  • US Fixed Interest35.1%
    Japanese Fixed Interest10.9%
    UK Fixed Interest6.4%
    Italian Fixed Interest4.8%
    Spanish Fixed Interest4.3%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-4.3%-6.1%-3%2.1%-0.4%5.6%
Sector-1.9%-2.1%0.9%2.9%5.6%14.2%
Rank within sector274 / 315279 / 313271 / 308151 / 296176 / 236122 / 169
Quartile4th4th4th3rd3rd3rd
Calendar performance
 YTD - 20162015201420132012
Fund2.1%-4.5%2%-2%7.9%
Sector3.9%-1.6%3.7%-1.6%8.2%
Rank within sector191 / 300226 / 276157 / 237115 / 20677 / 171
Quartile3rd4th3rd3rd2nd
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.
-2.07
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.
1.38
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%.
4.66
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.
3.18
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.
-0.4
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.
0.57
Price movement
52 week high45.69
52 week low41
Current bid price-
Current offer price-
Current mid price42.22
Region
1USA35.07%
2Japan10.89%
3UK6.17%
4Italy4.85%
5Spain4.34%
6France4.26%
7Canada3.74%
8Mexico3.15%
9Australia2.86%
Industry sector
1Government Bonds50.58%
2Asset/Mortgage-Backed Securities18.42%
3Banks8.63%
4Insurance2.9%
5Telecommunications2.27%
6Oil & Gas1.75%
7Electricity Supply1.62%
8Financial Services1.13%
9Automotive1.04%
Asset type
1US Fixed Interest35.07%
2Japanese Fixed Interest10.89%
3UK Fixed Interest6.38%
4Italian Fixed Interest4.85%
5Spanish Fixed Interest4.34%
6French Fixed Interest4.26%
7Canadian Fixed Interest3.74%
8Mexican Fixed Interest3.15%
9Australian Fixed Interest2.86%
Individual holdings
1CANADA(GOVT OF) 1.5% BDS 01/06/23 CAD10003.11%
2MEXICO(UNITED MEXICAN STATES) 6.5% NTS 10/06/21 MXN100 M3.03%
3JAPAN(GOVERNMENT OF) 1.7% BDS 20/6/33 JPY100002.84%
4JAPAN(GOVERNMENT OF) 0.5% BDS 20/09/24 JPY500002.62%
5UNITED STATES OF AMER TREAS BONDS 3.875% BDS 15/08/40 USD1002.6%
6JAPAN(GOVERNMENT OF) 2% BDS 20/09/40 JPY50000`33`2.5%
7FANNIE MAE, 3.500000%, 2045-10-252.42%
8UNITED STATES OF AMER TREAS NOTES 0.25% TB 15/01/25 USD10002.28%
9JAPAN(GOVERNMENT OF) 1.7% BDS 20/06/18 JPY1000000 `294`1.92%
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 market, instrument and currency selection. The Fund consists of domestic, international and euromarket fixed income securities of varying maturities denominated in U.S. dollars and other currencies, including emerging markets.
Benchmark
  • Bloomberg Barclays Capital Global Aggregate Bond
Investment style
None
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Jim Caron01/12/2014Jim is a portfolio manager and senior member on the Morgan Stanley Investment Management Global Fixed Income team and a member of the Asset Allocation Committee focusing on macro strategies. He joined Morgan Stanley in 2006 and has 24 years of investment experience. Prior to this role, Jim held the position of global head of interest rates, foreign exchange and emerging markets strategy with Morgan Stanley Research. Previously, he was a director at Merrill Lynch where he headed the U.S. interest rate strategy group. Prior to that, Jim held various trading positions in rates and option products.
Richard Ford01/12/2014Richard 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.
Michael Kushma29/04/1995Michael Kushma has over 25 years of investment experience; he joined the firm in 1987. Previously, he was a global fixed income strategist for the firm's Fixed Income Division. Prior to joining the firm, he was a senior lecturer of economics at Columbia University. Michael received an A.B. in economics from Princeton University; an M.Sc. in economics from the London School of Economics and a M.Phil. in economics from Columbia University.
Christian Roth29/04/1995Christian 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.
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 Global Bond 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 price38.79
CurrencyUSD
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeYM34
Morg Stnly Global Bond 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 price36.61
CurrencyEUR
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMH87
Morg Stnly Global Bond AH EUR
Initial charge4%
Annual charge0.8%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.14%
Total expense ratio (TER)1.14%
Bid price-
Offer price-
Mid price24.41
CurrencyEUR
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeLSB6
Morg Stnly Global Bond AHX EUR
Initial charge4%
Annual charge0.8%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.14%
Total expense ratio (TER)1.14%
Bid price-
Offer price-
Mid price21.84
CurrencyEUR
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi code0IVU
Morg Stnly Global Bond AX 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 price30.06
CurrencyUSD
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeEL79
Morg Stnly Global Bond AX 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 price28.37
CurrencyEUR
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi code0MYX
Morg Stnly Global Bond AX USD 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 price23.82
CurrencyGBP
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeEL80
Morg Stnly Global Bond 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 price31.85
CurrencyUSD
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeYM40
Morg Stnly Global Bond 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 price30.06
CurrencyEUR
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeYM35
Morg Stnly Global Bond BH USD 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 price23.05
CurrencyEUR
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeLSB7
Morg Stnly Global Bond BHX 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 price21.82
CurrencyEUR
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi code0IVV
Morg Stnly Global Bond BX 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 price22.66
CurrencyUSD
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi code0IVY
Morg Stnly Global Bond BX 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 price21.39
CurrencyEUR
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi code0IVW
Morg Stnly Global Bond 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 price29.2
CurrencyUSD
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeDPB6
Morg Stnly Global Bond 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 price27.56
CurrencyEUR
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeDPB5
Morg Stnly Global Bond 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)0.68%
Bid price-
Offer price-
Mid price42.22
CurrencyUSD
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeYM02
Morg Stnly Global Bond 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)0.68%
Bid price-
Offer price-
Mid price39.85
CurrencyEUR
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeYM36
Morg Stnly Global Bond 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 price31.97
CurrencyUSD
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeDPB9
Morg Stnly Global Bond 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 price30.17
CurrencyEUR
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeDPB8
Morg Stnly Global Bond Z USD GBP
Initial charge-
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 price25.33
CurrencyGBP
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFTFB
Morg Stnly Global Bond ZH EUR
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 price24.91
CurrencyEUR
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeE6GK
Data provided by

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