US Advantage Fund

Share Class :
 
ISIN: GB00BZ4CG750
US Advantage Fund
ISIN: GB00BZ4CG750
Share Class :

US Advantage Fund

SHARE CLASS :
ISIN: GB00BZ4CG750
 

 
Product Team Image
Investment Objective
The Fund aims to grow your investment over 3 to 5 years.
Investment Approach
We seek high-quality established companies with strong brand recognition, sustainable competitive advantages, strong current free-cash-flow yields and favorable returns on invested capital trends. We focus on long-term growth rather than short-term events, with our stock selection informed by rigorous fundamental analysis.
 
 
Pricing & Performance

Past performance is not a reliable indicator of future results. Returns may increase or decrease as a result of currency fluctuations. All performance data is calculated NAV to NAV, net of fees, and does not take account of commissions and costs incurred on the issue and redemption of units. The sources for all performance and Index data is Morgan Stanley Investment Management. Please click here for additional performance disclosures and important information, which should be reviewed carefully.

As of 30-Sep-2024

As of 10-Oct-2024

As of 30-Sep-2024

As of 10-Oct-2024


Performance of 100 GBP invested
Performance of 100 GBP invested

     
Past performance is not a reliable indicator of future results.
 
 
Average Annual Total Returns As of 30-Sep-2024 As of 30-Sep-2024
1 YR 3 YRS 5 YRS 10 YRS Since Inception
Share Class I ACC GBP (%) 20.75 -12.07 2.35 -- 8.44
S&P 500 Index (%) 24.07 12.11 14.03 -- 14.83
1 YR 3 YRS 5 YRS 10 YRS Since Inception
Share Class I ACC GBP (%) 20.75 -12.07 2.35 -- 8.44
S&P 500 Index (%) 24.07 12.11 14.03 -- 14.83
2023 2022 2021 2020 2019 2018 2017
Share Class I ACC GBP (%) 38.32 -49.41 -3.76 68.11 21.91 5.86 18.98
S&P 500 Index (%) 19.16 -7.79 29.89 14.74 26.41 1.56 11.29
2020 2021 2022 2023 2024
Share Class I ACC GBP (%) 46.98 12.40 -44.55 1.55 20.75
S&P 500 Index (%) 9.76 24.65 2.10 11.23 24.07
 
Average Annual Total Returns
As of 30-Sep-2024
TIMEFRAME Share Class I ACC GBP (%) S&P 500 Index (%)
1 Yr 20.75 24.07
3 Yrs -12.07 12.11
5 Yrs 2.35 14.03
10 Yrs -- --
Since Inception 8.44 14.83
As of 30-Sep-2024
TIMEFRAME Share Class I ACC GBP (%) S&P 500 Index (%)
1 Yr 20.75 24.07
3 Yrs -12.07 12.11
5 Yrs 2.35 14.03
10 Yrs -- --
Since Inception 8.44 14.83
TIMEFRAME Share Class I ACC GBP (%) S&P 500 Index (%)
2023 38.32 19.16
2022 -49.41 -7.79
2021 -3.76 29.89
2020 68.11 14.74
2019 21.91 26.41
2018 5.86 1.56
2017 18.98 11.29
TIMEFRAME Share Class I ACC GBP (%) S&P 500 Index (%)
2020 46.98 9.76
2021 12.40 24.65
2022 -44.55 2.10
2023 1.55 11.23
2024 20.75 24.07
Past performance is not a reliable indicator of future results.
 
 
Risk/Return Statistics

TIMEFRAME:
    Share Class I ACC Index
Excess Return (%) -24.18 --
Alpha (%) -28.80 --
Beta 1.53 1.00
Information ratio -1.01 --
R squared 0.41 1.00
Sharpe ratio -0.51 0.70
Tracking error (%) 23.95 --
Volatility (Standard deviation) (%) 29.92 12.51
Down-capture ratio (%) 269.43 100.00
Up-capture ratio (%) 102.76 100.00
Past performance is not a reliable indicator of future results.
 
 
 
Risk and Reward Profile As of 19-Feb-2024
 
 
Lower Risk
High Risk
Potentially
Lower Rewards
Potentially
Higher Rewards
 
The risk and reward category shown is based on simulated historic performance data.
  • Historic figures are only a guide and may not be a reliable indicator of what may happen in the future.
  • As such this category may change in the future.
  • The higher the category, the greater the potential reward, but also the greater the risk of losing the investment. Category 1 does not indicate a risk free investment.
  • The fund is in this category because it invests in company shares and the fund's simulated and/or realised return has experienced very high rises and falls historically.
  • The fund may be impacted by movements in the exchange rates between the fund's currency and the currencies of the fund's investments.
This rating does not take into account other risk factors which should be considered before investing, these include:
  • Investment in China A-Shares via Shanghai-Hong Kong Stock Connect program may also entail additional risks, such as risks linked to the ownership of shares.
  • The fund relies on other parties to fulfill certain services, investments or transactions. If these parties become insolvent, it may expose the fund to financial loss.
  • Sustainability factors can pose risks to investments, for example: impact asset values and increased operational costs.
  • There may be an insufficient number of buyers or sellers which may affect the fund's ability to buy or sell securities.
  • There are increased risks of investing in emerging markets as political, legal and operational systems may be less developed than in developed markets.
  • Past performance is not a reliable indicator of future results. Returns may increase or decrease as a result of currency fluctuations. The value of investments and the income from them can go down as well as up and investors may lose all or a substantial portion of his or her investment.
  • The value of the investments and the income from them will vary and there can be no assurance that the Fund will achieve its investment objectives.
  • Investments may be in a variety of currencies and therefore changes in rates of exchange between currencies may cause the value of investments to decrease or increase. Furthermore, the value of investments may be adversely affected by fluctuations in exchange rates between the investor’s reference currency and the base currency of the investments.
The risk and reward category shown is based on simulated historic performance data.
  • Historic figures are only a guide and may not be a reliable indicator of what may happen in the future.
  • As such this category may change in the future.
  • The higher the category, the greater the potential reward, but also the greater the risk of losing the investment. Category 1 does not indicate a risk free investment.
  • The fund is in this category because it invests in company shares and the fund's simulated and/or realised return has experienced very high rises and falls historically.
  • The fund may be impacted by movements in the exchange rates between the fund's currency and the currencies of the fund's investments.
This rating does not take into account other risk factors which should be considered before investing, these include:
  • Investment in China A-Shares via Shanghai-Hong Kong Stock Connect program may also entail additional risks, such as risks linked to the ownership of shares.
  • The fund relies on other parties to fulfill certain services, investments or transactions. If these parties become insolvent, it may expose the fund to financial loss.
  • Sustainability factors can pose risks to investments, for example: impact asset values and increased operational costs.
  • There may be an insufficient number of buyers or sellers which may affect the fund's ability to buy or sell securities.
  • There are increased risks of investing in emerging markets as political, legal and operational systems may be less developed than in developed markets.
  • Past performance is not a reliable indicator of future results. Returns may increase or decrease as a result of currency fluctuations. The value of investments and the income from them can go down as well as up and investors may lose all or a substantial portion of his or her investment.
  • The value of the investments and the income from them will vary and there can be no assurance that the Fund will achieve its investment objectives.
  • Investments may be in a variety of currencies and therefore changes in rates of exchange between currencies may cause the value of investments to decrease or increase. Furthermore, the value of investments may be adversely affected by fluctuations in exchange rates between the investor’s reference currency and the base currency of the investments.
 
 
 
 
Composition 4 As of 31-Aug-2024
  Fund Index
Consumer Discretionary 29.45 9.67
Information Technology 28.91 31.05
Communication Services 12.25 8.76
Health Care 8.99 12.19
Financials 8.87 13.32
Industrials 4.76 8.46
Real Estate 2.50 2.35
Consumer Staples -- 6.00
Energy -- 3.53
Materials -- 2.24
Utilities -- 2.43
Other 0.13 --
Cash 4.45 --
 
May not sum to 100% due to the exclusion of other assets and liabilities.


Holdings As of 31-Aug-2024
Fund Index
Cloudflare Inc 9.54 --
Doordash Inc 8.83 --
The Trade Desk Inc 7.50 --
Shopify Inc 6.93 --
Tesla Inc 6.68 1.25
Amazon.com Inc 4.89 3.45
Roblox Corp 4.76 --
Royalty Pharma plc 4.67 --
Adyen NV 4.48 --
Airbnb, Inc 4.14 0.11
Total 62.42 --

These securities and percentage allocations are only for illustrative purposes and do not constitute, and should not be construed as, investment advice or recommendations with respect to the securities or investments mentioned.



Portfolio Characteristics
Fund Index
Active share (%) 93.62 --
Number of holdings 24 503
Return on capital (%) 5.06 18.93
5 year EPS growth (%) 10.63 19.14
Sales growth (%) 19.83 6.82
Weighted median market capitalization ($B) 52.97 241.77
D/E weighted median (%) 28.42 63.68
Dividend Yield (%) 0.33 1.27
 
 
 
 
 

** Calendar Year Return (%) is available by selecting the fund name in the pricing table.

Please visit our Glossary page for fund related terms and definitions.

Performance data quoted is based on average annualized returns and net of fees.

The source for all performance and index data is Morgan Stanley Investment Management Limited.

Past performance is not indicative of future results. The value of the investments and the income from them can go down as well as up and an investor may not get back the amount invested. Returns may increase or decrease as a result of currency fluctuations. Performance data for funds with less than one year's track record is not shown. Performance is calculated net of fees. YTD performance data is not annualised. Performance of other share classes, when offered, may differ. Please consider the investment objectives, risks, charges and expenses of the fund carefully before investing. The prospectus and key investor information document (KIID) contains this and other information about the fund. Please read the prospectus and KIID carefully before you invest.

Certain documentation available on this site may pertain to multiple sub-funds of the Morgan Stanley Investment Funds range. Please note that not all sub-funds are available in all jurisdictions and sub-funds are not available to persons resident in jurisdictions where such distribution or availability would be contrary to local laws or regulations.

1 The Morningstar Rating™ for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods. Ratings do not take into account sales loads.

The Europe/Asia and South Africa category (EAA) includes funds domiciled in European markets, major cross-border Asian markets where material numbers of European UCITS funds are available (principally Hong Kong, Singapore and Taiwan), South Africa, and selected other Asian and African markets where Morningstar believes it is of benefit to investors for the funds to be included in the EAA classification system.

© 2024 Morningstar. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

2 The Standard & Poor’s 500® Index (S&P 500®) measures the performance of the large cap segment of the U.S. equities market, covering approximately 80% of the U.S. equities market. The Index includes 500 leading companies in leading industries of the U.S. economy.

The index has been selected as a benchmark for performance because it is representative of the type of companies in which the Fund is likely to invest, and it is therefore an appropriate comparator for the fund's performance.

Entry Charge is a maximum possible figure. In some cases you might pay less, you can find this out from your financial adviser. Ongoing Charges reflect the payments and expenses incurred during the fund's operation and are deducted from the assets of the fund over the period. It includes fees paid for investment management (Management Fee), trustee/custodian, and administration charges. The Minimum Initial Investment/Minimum Subsequent Investment amounts may be in US Dollars (or the Euro or Sterling equivalent of the US Dollar amount). For more information please see the Charges and Expenses section of the prospectus.

4 May not sum to 100% due to rounding. For additional information regarding sector classification/definitions please visit www.msci.com/gics and the glossary page. Cash & Equivalents are defined as the value of assets that can be converted into cash immediately. These include commercial paper, open FX transactions, Treasury bills and other short-term instruments.  Such instruments are considered cash equivalents because they are deemed liquid and not subject to significant risk of changes in values.

The portfolio may at times be concentrated, and will typically have less than 50 holdings.

 

WAM is the weighted average maturity of the portfolio. The WAM calculation utilizes the interest-rate reset date, rather than a security's stated final maturity, for variable- and floating- rate securities. By looking to a portfolio's interest rate reset schedule in lieu of final maturity dates, the WAM measure effectively captures a fund's exposure to interest rate movements and the potential price impact resulting from interest rate movements.

 

WAL is the weighted average life of the portfolio. The WAL calculation utilizes a security's stated final maturity date or, when relevant, the date of the next demand feature when the fund may receive payment of principal and interest (such as a put feature). Accordingly, WAL reflects how a portfolio would react to deteriorating credit (widening spreads) or tightening liquidity conditions.

 

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