Fact sheet: Morgan Stanley Stg Corp Bond

Fund information
Fund name
Morgan Stanley Sterling Corporate Bond Inst Acc
Fund manager company
Morgan Stanley Invest Mgmt UK
Fund type
OEIC
Fund managers
  • Leon Grenyersince 31/05/2008
  • Richard Fordsince 01/12/2008
Fund objective
The objective of the fund is to provide an attractive rate of return through investment primarily in sterling corporate and other sterling non-gilt fixed interest securities. A proportion of the Fund may also invest in non-sterling fixed interest securities as well as UK gilts.
Benchmark
  • BofA Merrill Lynch Sterling Non Gilt All Stock
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
5.9%
1 Year rank in sector
51/91
Sector
UT Sterling Corporate Bond
Yield
3%
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.
0.37%
Fund size
£204m (£130m 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.
30
Mid price
2477.23
Top in this sector
Fund name1 Year
Schroder Long Dated Corp Bond11.8%
F&C Instl Lg Dtd Corp Bd10.8%
Henderson Inst Long Dat Cr10.6%
Newton Long Corporate Bond10.4%
Blackrock InstBdOver10YrCorp9.8%
...more in UT Sterling Corporate Bond

Performance snapshot

Holdings snapshot

  • UK45.6%
    Others12.6%
    USA11.1%
    Germany7.5%
    France6.9%
  • A35%
    BBB32%
    AA12.1%
    AAA11.3%
    BB6.6%
  • UK Fixed Interest45.6%
    Global Fixed Interest15%
    US Fixed Interest11.1%
    German Fixed Interest7.5%
    French Fixed Interest6.9%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.3%-4.2%2.5%5.9%18%50.9%
Sector-1.4%-5%2.9%5.9%16.4%35.1%
Rank within sector34 / 9731 / 9458 / 9451 / 9129 / 866 / 71
Quartile2nd2nd3rd3rd2nd1st
Calendar performance
 YTD - 20162015201420132012
Fund6.5%0.7%10.9%2.3%19.6%
Sector6.9%-0.3%10.1%0.2%12.1%
Rank within sector55 / 9215 / 9036 / 8713 / 782 / 71
Quartile3rd1st2nd1st1st
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.
0.91
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.
0.92
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.
0.47
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%.
4.94
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.
0.86
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.
0.58
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.
0.98
Price movement
52 week high2594.43
52 week low2297.62
Current bid price-
Current offer price-
Current mid price2477.23
Region
1UK45.63%
2Others12.57%
3USA11.06%
4Germany7.5%
5France6.9%
6Australia4.32%
7Spain3.66%
8Italy3.52%
9Netherlands2.48%
Industry sector
1A34.97%
2BBB32.03%
3AA12.14%
4AAA11.29%
5BB6.6%
6Money Market1.41%
7B1.26%
8Non-Rated0.16%
9CCC0.13%
Asset type
1UK Fixed Interest45.63%
2Global Fixed Interest15.03%
3US Fixed Interest11.06%
4German Fixed Interest7.5%
5French Fixed Interest6.9%
6Australian Fixed Interest4.32%
7Spanish Fixed Interest3.66%
8Italian Fixed Interest3.52%
9Dutch Fixed Interest2.48%
Individual holdings
No data available.
Management
Fund manager group
Morgan Stanley
Fund manager company
Morgan Stanley Invest Mgmt UK
Fund type
OEIC
Fund objective
The objective of the fund is to provide an attractive rate of return through investment primarily in sterling corporate and other sterling non-gilt fixed interest securities. A proportion of the Fund may also invest in non-sterling fixed interest securities as well as UK gilts.
Benchmark
  • BofA Merrill Lynch Sterling Non Gilt All Stock
Investment style
None
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Leon Grenyer31/05/2008Leon 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.
Richard Ford01/12/2008Richard 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.
Compliance
IA Recognised, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Switzerland, United Kingdom
Morgan Stanley Sterling Corporate Bond A Acc
Initial charge5%
Annual charge0.9%
Min single investment£1,000
Min regular saving£500
Available in ISAYes
Ongoing charge (OCF)1%
Total expense ratio (TER)1.2%
Bid price-
Offer price-
Mid price2321.85
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeM532
Morgan Stanley Sterling Corporate Bond A Inc
Initial charge5%
Annual charge0.9%
Min single investment£1,000
Min regular saving£500
Available in ISAYes
Ongoing charge (OCF)1%
Total expense ratio (TER)1.2%
Bid price-
Offer price-
Mid price1521.5
CurrencyGBX
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeM533
Morgan Stanley Sterling Corporate Bond F Acc
Initial charge-
Annual charge0.15%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.22%
Total expense ratio (TER)0.22%
Bid price-
Offer price-
Mid price115.64
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeK77S
Morgan Stanley Sterling Corporate Bond F Inc
Initial charge-
Annual charge0.15%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.22%
Total expense ratio (TER)0.22%
Bid price-
Offer price-
Mid price107.86
CurrencyGBX
Price updated01/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeK77T
Morgan Stanley Sterling Corporate Bond Inst Acc
Initial charge-
Annual charge0.25%
Min single investment£50,000
Min regular saving£2,500
Available in ISAYes
Ongoing charge (OCF)0.37%
Total expense ratio (TER)0.6%
Bid price-
Offer price-
Mid price2477.23
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMF22
Morgan Stanley Sterling Corporate Bond Inst Inc
Initial charge-
Annual charge0.25%
Min single investment£500,000
Min regular saving£2,500
Available in ISAYes
Ongoing charge (OCF)0.37%
Total expense ratio (TER)0.6%
Bid price-
Offer price-
Mid price1520.31
CurrencyGBX
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeM531
Data provided by

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