Global Brands Equity Income Fund
Share Class :
 
ISIN: GB00BZ4CG420
Global Brands Equity Income Fund
ISIN: GB00BZ4CG420
Share Class :

Global Brands Equity Income Fund

SHARE CLASS :
ISIN: GB00BZ4CG420
 
 
 
 
Investment Objective

Seeks to provide investors with an attractive and sustainable income alongside long-term compounding of capital. The investment team builds a portfolio of high quality securities, primarily issued by companies located in developed markets, in line with that of the MS Funds (UK) Global Brands Fund. A conservative overwriting strategy is also used.

 
 
Pricing & Performance

Past performance is not indicative of future results. Please click here for additional performance disclosures and important information, which should be reviewed carefully.

As of 31-Oct-2017

As of 17-Nov-2017


Performance of 100 GBP invested
Performance of 100 GBP invested

    
Past performance is not indicative of future results.
 
 
Average Annual Total Returns As of 31-Oct-2017 As of 30-Sep-2017
 
 TIMEFRAME:
 
1 YR 3 YRS 5 YRS 10 YRS Since Inception
Share Class I ACC GBP (%) 8.06 -- -- -- 12.34
MSCI World Net Index (%) 12.88 -- -- -- 16.39
1 YR 3 YRS 5 YRS 10 YRS Since Inception
Share Class I ACC GBP (%) 9.65 -- -- -- 10.10
MSCI World Net Index (%) 14.41 -- -- -- 14.67
 
Average Annual Total Returns
TIMEFRAME Share Class I ACC MSCI World Net Index
1 Yr 8.06 12.88
3 Yrs -- 15.06
5 Yrs -- 15.96
10 Yrs -- 8.86
Since Inception 12.34 16.39
TIMEFRAME Share Class I ACC MSCI World Net Index
1 Yr 9.65 14.41
3 Yrs -- 14.70
5 Yrs -- 15.18
10 Yrs -- 8.66
Since Inception 10.10 14.67
TIMEFRAME Share Class I ACC MSCI World Net Index
2012 -- 10.74
2013 -- 24.32
2014 -- 11.46
2015 -- 4.87
2016 -- 28.24
Past performance is not indicative of future results.
 
 
 
 
Composition As of 31-Oct-2017
  Fund Index
Consumer Staples 44.69 8.90
Information Technology 29.27 17.08
Consumer Discretionary 11.30 12.09
Industrials 5.93 11.50
Health Care 4.83 11.95
Financials 1.81 18.06
Materials 0.87 5.16
Other -0.09 --
Cash & equivalents 1.39 --
Total 100.00 --


Geography As of 31-Oct-2017
  Fund Index
United States 52.96 59.03
United Kingdom 27.88 6.60
France 8.74 4.02
Germany 4.86 3.66
Italy 1.80 0.91
Netherlands 1.28 1.38
Switzerland 1.10 2.98
Cash & equivalents 1.39 --
Total 100.00 --


Holdings As of 31-Oct-2017
Fund Index
Unilever plc 8.30 0.19
Microsoft Corp 8.01 1.56
British American Tobacco plc 7.90 0.38
Accenture plc 7.60 0.23
Reckitt Benckiser plc 7.02 0.15
Sap Se 4.86 0.29
L'Oreal 4.81 0.14
Visa Inc 4.77 0.52
Philip Morris Inc 4.20 0.42
Twenty-First Century Fox Inc 4.08 0.10
Total 61.55 --


Portfolio Characteristics As of 31-Oct-2017
Fund Index
Free cash flow yield (Next 12 Months) 4.75 5.10
P/E (Next 12 months) 20.60 16.91
Number of holdings 27 1,652
 
 
Investment Team
Head of International Equity Team
25 years industry experience
Managing Director
15 years industry experience
Managing Director
25 years industry experience
Executive Director
19 years industry experience
Executive Director
19 years industry experience
Executive Director
15 years industry experience
Executive Director
17 years industry experience
Vice President
9 years industry experience
Vice President
8 years industry experience
Vice President
11 years industry experience
 
Insights by International Equity Team
Market Outlook
Information Technology: Winners and losers
May 31, 2017
Morgan Stanley’s International Equity team discusses potential winners and losers within Information Technology, and why Software and Services is an interesting source of high-quality compounders.
Manager Q & A
Q&A with William Lock
Jan 31, 2017
William Lock discusses how a strategy that his team manages has incorporated the Buffett philosophy into a long standing, successful global investment strategy.
 
 
 

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 a guarantee of future performance. 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.

The Ongoing Charges Figure (“OCF”) reflects the payments and expenses which cover aspects of operating the fund and is deducted from the assets over the period. It includes fees paid for investment management, trustee/custodian, and administration charges.

Total expenses ("TER") charged to the share class for the current reporting month, calculated net of any waivers and expressed as an annualised percentage of average net assets for the month.

Morningstar
Ratings: 
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.

© 2017 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.

 
 

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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