Fact sheet: Morg Stnly US Property

Fund information
Fund name
Morg Stnly US Property I USD
Fund manager company
Morgan Stanley Investment Fund
Fund type
Offshore Fund
Fund managers
  • Bill Grantsince 01/01/2014
  • Ted Bigmansince 01/01/2002
Fund objective
Seeks to provide long term capital appreciation, measured in U.S. dollars, by investing in equity securities of companies in the U.S. real estate industry.
Benchmark
  • FTSE Nareit Equity Reits
Investment style
None
Investment method
Shares
Quick stats
1 Year return
0.9%
1 Year rank in sector
3/5
Sector
FO Property - North America
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.
0.98%
Fund size
£344m (£422m 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.
120
Top in this sector
Fund name1 Year
GS US Real Est Bal Pfl5.2%
Dimensional Real Estate Secs Pfl2.4%
Morg Stnly US Property0.9%
Brookfield US Lstd Rl Est UCITS0.8%
NB US RealEstSecs-2.2%
...more in FO Property - North America

Performance snapshot

Holdings snapshot

  • USA96.6%
    Money Market3.4%
  • Residential - Property19.1%
    Retail - Property16.6%
    Others11.6%
    Offices - Property11.3%
    Retail9.8%
  • Property Shares94%
    Money Market6%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.3%-9.3%-3.4%0.9%30.1%58.4%
Sector0.2%-7.7%-1.5%1.8%26.1%54.2%
Rank within sector3 / 52 / 53 / 53 / 52 / 53 / 3
Quartile3rd2nd3rd3rd2nd
Calendar performance
 YTD - 20162015201420132012
Fund-0.6%-0.5%30.7%3%12.8%
Sector1.9%-0%22.6%4.3%12.1%
Rank within sector4 / 54 / 51 / 53 / 43 / 3
Quartile4th4th1st3rd
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.
-0.4
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.
1.19
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.
0.3
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%.
15.03
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.
3.77
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.
0.19
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.
0.96
Price movement
52 week high89.57
52 week low70.11
Current bid price-
Current offer price-
Current mid price78.11
Region
1USA96.64%
2Money Market3.36%
Industry sector
1Residential - Property19.1%
2Retail - Property16.58%
3Others11.59%
4Offices - Property11.3%
5Retail9.8%
6Leisure & Hotels9.61%
7Health Care7.89%
8Warehousing & Real Estate5.25%
9Industrials4.42%
Asset type
1Property Shares93.99%
2Money Market6.01%
Individual holdings
1SIMON PROPERTY GROUP INC9.87%
2EQUITY RESIDENTIAL PROPERTIES TR.REIT7.59%
3VORNADO REALTY TRUST USD0.047.43%
4GENERAL GROWTH PROPERTIES INC5.72%
5BOSTON PROPERTIES INC5.59%
6AVANTI COMMUNICATIONS GROUP PLC4.69%
7HOST HOTELS & RESORTS INC4.28%
8PUBLIC STORAGE4.02%
9VENTAS INC3.6%
Management
Fund manager group
Morgan Stanley
Fund manager company
Morgan Stanley Investment Fund
Fund type
Offshore Fund
Fund objective
Seeks to provide long term capital appreciation, measured in U.S. dollars, by investing in equity securities of companies in the U.S. real estate industry.
Benchmark
  • FTSE Nareit Equity Reits
Investment style
None
Investment method
Shares
Fund managers
NameSinceBiography
Bill Grant01/01/2014Mr. Bill Grant, also known as B.J., serves as a Managing Director and Portfolio Manager at Morgan Stanley Investment Management Inc. Mr. Grant joined Morgan Stanley Investment Management Inc in 2000. He serves as Managing Director and Portfolio Manager at Columbia Funds Variable Series Trust II - Variable Portfolio-Morgan Stanley Global Real Estate Fund. He serves as Portfolio Manager of Pacific Funds Series Trust - PF Real Estate Fund, The Universal Institutional Funds, Inc. - Global Real Estate Portfolio, Morgan Stanley Investment Funds SICAV - Global Property Fund, Pacific Select Fund - Real Estate Portfolio, Morgan Stanley Investment Funds SICAV - U.S. Property Fund, Morgan Stanley Institutional Fund, Inc. - Global Real Estate Portfolio, Allianz Variable Insurance Products Trust - AZL Morgan Stanley Global Real Estate Fund and The Universal Institutional Funds, Inc. - U.S. Real Estate Portfolio. He worked for Morgan Stanley Investment Management Inc securitized products group. Mr. Grant has extensive investment experience. He received a B.A. from Occidental College in Economics.
Ted Bigman01/01/2002Ted joined Morgan Stanley in 1995 and has 26 years of investment experience. He is a Managing Director at Morgan Stanley Investment Management and is the Head of Global Real Estate Securities Investing. Ted is the portfolio manager for the U.S. and global real estate securities portfolios and oversees the global team, which has investment teams in New York, Amsterdam and Singapore. Ted is also the lead portfolio manager for the Global Infrastructure Securities strategy. The teams have over $20 billion of assets under management in these strategies. Prior to joining the Firm in 1995, he was a Director at CS First Boston, where he worked for eight years in the real estate investment banking group. He established and managed the REIT effort at CS First Boston, and had primary responsibility for $2.5 billion of REIT initial public offerings. Ted also worked at Bain & Company as an Associate Consultant for two years. Ted received a B.A. from Brandeis University in Economics and an M.B.A. from Harvard Business School and studied at the London School of Economics. He was the 2011 recipient of the Industry Achievement Award from the National Association of Real Estate Investment Trusts, the leading REIT industry group, for his approach to securities research on listed real estate companies, which has been influential in making REITs a standard component of institutional real estate portfolios.
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, Belgium, Switzerland, Chile, Germany, Spain, Finland, France, United Kingdom, Gulf Cooperation Council, Greece, Guernsey, Hong Kong, Ireland, Italy, Luxembourg, Netherlands, Norway, Offshore, Portugal, Singapore, Sweden, Taiwan - Province Of China
Morg Stnly US Property A USD
Initial charge5.75%
Annual charge1.4%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.7%
Total expense ratio (TER)1.7%
Bid price-
Offer price-
Mid price68.67
CurrencyUSD
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMJ58
Morg Stnly US Property A USD EUR
Initial charge5.75%
Annual charge1.4%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.7%
Total expense ratio (TER)1.7%
Bid price-
Offer price-
Mid price64.8
CurrencyEUR
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeYM53
Morg Stnly US Property B USD
Initial charge-
Annual charge1.4%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.7%
Total expense ratio (TER)2.7%
Bid price-
Offer price-
Mid price56.32
CurrencyUSD
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMJ59
Morg Stnly US Property B USD EUR
Initial charge-
Annual charge1.4%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.7%
Total expense ratio (TER)2.7%
Bid price-
Offer price-
Mid price53.15
CurrencyEUR
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeYM54
Morg Stnly US Property F USD
Initial charge-
Annual charge0.75%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.05%
Total expense ratio (TER)1.05%
Bid price-
Offer price-
Mid price26.72
CurrencyUSD
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeE0DR
Morg Stnly US Property F USD EUR
Initial charge-
Annual charge0.75%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.05%
Total expense ratio (TER)1.05%
Bid price-
Offer price-
Mid price25.22
CurrencyEUR
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeE0DS
Morg Stnly US Property I USD
Initial charge3%
Annual charge0.75%
Min single investment£500,000
Min regular saving£50,000
Available in ISANo
Ongoing charge (OCF)0.98%
Total expense ratio (TER)0.98%
Bid price-
Offer price-
Mid price78.11
CurrencyUSD
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeYM23
Morg Stnly US Property I USD EUR
Initial charge3%
Annual charge0.75%
Min single investment£500,000
Min regular saving£50,000
Available in ISANo
Ongoing charge (OCF)0.98%
Total expense ratio (TER)0.98%
Bid price-
Offer price-
Mid price73.71
CurrencyEUR
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeYM55
Morg Stnly US Property IX USD
Initial charge-
Annual charge0.75%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price51.91
CurrencyUSD
Price updated31/08/2007
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeEK88
Morg Stnly US Property IX USD GBP
Initial charge-
Annual charge0.75%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price25.75
CurrencyGBP
Price updated31/08/2007
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeEK87
Morg Stnly US Property Z USD
Initial charge1%
Annual charge0.75%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.94%
Total expense ratio (TER)0.94%
Bid price-
Offer price-
Mid price56.72
CurrencyUSD
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeHTY0
Morg Stnly US Property Z USD EUR
Initial charge1%
Annual charge0.75%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.94%
Total expense ratio (TER)0.94%
Bid price-
Offer price-
Mid price53.53
CurrencyEUR
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeHUC7
Data provided by

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