Global Brands Fund

Share Class :
 
ISIN: LU0119620416
 
 
Overall Morningstar Rating1
Marketing Communication
Global Brands Fund
Marketing Communication
ISIN: LU0119620416
Share Class :

Global Brands Fund

SHARE CLASS :
ISIN: LU0119620416
 
Overall Morningstar Rating1

Marketing Communication

 
 
Investment Objective
Long term growth of your investment.
Investment Approach
The investment team believes that high quality companies built on dominant market positions and underpinned by powerful intangible assets can generate attractive returns over the long term. ESG analysis and active, portfolio manager-led engagement are fundamental to the investment process.

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.

 
 
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 31-Jul-2022

As of 16-Aug-2022

As of 31-Jul-2022

As of 16-Aug-2022


Performance of 100 USD invested
Performance of 100 USD invested

     
 
 
Average Annual Total Returns As of 31-Jul-2022 As of 30-Jun-2022
1 YR 3 YRS 5 YRS 10 YRS Since Inception
Share Class A USD (%) -7.21 7.26 9.44 9.92 9.73
MSCI World Net Index (%) -9.16 9.58 8.81 10.21 5.59
1 YR 3 YRS 5 YRS 10 YRS Since Inception
Share Class A USD (%) -11.14 5.44 8.11 9.48 9.42
MSCI World Net Index (%) -14.34 7.00 7.67 9.51 5.24
2021 2020 2019 2018 2017 2016 2015 2014 2013 2012
Share Class A USD (%) 21.45 11.91 28.36 -2.72 25.12 4.36 4.96 4.63 19.23 13.21
MSCI World Net Index (%) 21.82 15.90 27.67 -8.71 22.40 7.51 -0.87 4.94 26.68 15.83
Average Annual Total Returns
As of 31-Jul-2022
TIMEFRAME Share Class A USD (%) MSCI World Net Index (%)
1 Yr -7.21 -9.16
3 Yrs 7.26 9.58
5 Yrs 9.44 8.81
10 Yrs 9.92 10.21
Since Inception 9.73 5.59
As of 30-Jun-2022
TIMEFRAME Share Class A USD (%) MSCI World Net Index (%)
1 Yr -11.14 -14.34
3 Yrs 5.44 7.00
5 Yrs 8.11 7.67
10 Yrs 9.48 9.51
Since Inception 9.42 5.24
TIMEFRAME Share Class A USD (%) MSCI World Net Index (%)
2021 21.45 21.82
2020 11.91 15.90
2019 28.36 27.67
2018 -2.72 -8.71
2017 25.12 22.40
2016 4.36 7.51
2015 4.96 -0.87
2014 4.63 4.94
2013 19.23 26.68
2012 13.21 15.83

 
 
Risk/Return Statistics

TIMEFRAME:
    Share Class A Index
Excess Return (%) -2.32 --
Alpha (%) 0.03 --
Beta 0.74 1.00
Information ratio -0.27 --
R squared 0.81 1.00
Tracking error (%) 8.44 --
Volatility (Standard deviation) (%) 15.57 18.92
Down-capture ratio (%) 75.94 100.00
Up-capture ratio (%) 71.68 100.00
 
 
 
 
Composition 4 As of 31-Jul-2022
  Fund Index
Information Technology 33.07 22.09
Consumer Staples 26.69 7.54
Health Care 22.48 13.49
Industrials 6.93 10.04
Financials 4.86 13.19
Consumer Discretionary 3.68 11.30
Cash 2.38 --
 
May not sum to 100% due to the exclusion of other assets and liabilities.


Geography4 As of 31-Jul-2022
  Fund Index
United States 74.23 69.53
United Kingdom 10.61 4.24
France 5.91 3.06
Germany 4.35 2.05
Netherlands 2.22 1.17
Italy 0.40 0.60
Cash 2.38 --
 
May not sum to 100% due to the exclusion of other assets and liabilities.


Holdings As of 31-Jul-2022
Fund Index
Microsoft Corp 8.96 3.77
Reckitt Benckiser Plc 7.01 0.11
Philip Morris International Inc 6.92 0.28
Visa Inc 6.06 0.66
Danaher Corp 5.86 0.37
Accenture Plc 5.06 0.37
Thermo Fisher Scientific Inc 4.79 0.44
SAP SE 4.35 0.18
Intercontinental Exchange Inc 3.74 0.11
Abbott Laboratories 3.73 0.36
Total 56.48 --

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 (%) 89.94 --
Number of holdings 32 1,517
Price/free cash flow (NTM) 22.25 18.76
Price/earnings (NTM) 22.24 15.74
Dividend Yield (%) 1.62 1.97
 
 
Investment Team
William Lock
Head of International Equity Team
30 years industry experience
Bruno Paulson
Managing Director
28 years industry experience
Nic Sochovsky
Managing Director
24 years industry experience
Marcus Watson
Managing Director
14 years industry experience
Alex Gabriele
Managing Director
13 years industry experience
Nathan Wong
Executive Director
22 years industry experience
Marte Borhaug
Head of Sustainable Outcomes
12 years industry experience
Vladimir Demine
Head of ESG Research
20 years industry experience
Richard Perrott
Executive Director
16 years industry experience
Isabelle Mast
Executive Director
17 years industry experience

Team members may be subject to change at any time without notice. The investment team currently has 14 members; information on additional team members can be found on MSIM.com.

 

 
 
 
 

This is a marketing communication. Applications for shares in the Fund should not be made without first consulting the current Prospectus and the Key Facts Statement, which are available in English and in the official language of your local jurisdiction at morganstanleyinvestmentfunds.com. A summary of investor rights is available in the official languages of your local jurisdiction at the same website.

If the management company of the relevant Fund decides to terminate its arrangement for marketing that Fund in any EEA country where it is registered for sale, it will do so in accordance with the relevant UCITS rules.

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.

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.

1 Ratings as of 31-Jul-2022. 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.

© 2022 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 MSCI World Net Index is a free float adjusted market capitalization weighted index that is designed to measure the global equity market performance of developed markets. The term "free float" represents the portion of shares outstanding that are deemed to be available for purchase in the public equity markets by investors. The performance of the Index is listed in U.S. dollars and assumes reinvestment of net dividends. The index is unmanaged and does not include any expenses, fees or sales charges. It is not possible to invest directly in an index.

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 Yen 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.

William Lock, Bruno Paulson and Vladimir Demine started to manage the fund in June 2009.

Benchmark ESG Fund Ratings Methodology:

A set of rule-based methodology can be substantiated by the individual inputs promoting objectivity, greater transparency, and heightened understanding of a company's sustainability performance. BENCHMARK ESG methodology considers the principle of financial materiality, and the feature layer aggregate thousands of inputs along well-defined topics:

Environmental: 7 Feature Scores with 68 Topic Groups

Social: 10 Feature Scores with 111 Topic Groups

Governance: 5 Feature Scores with 72 Topic Groups

The A to C ratings are assigned based on the fund level ESG performance derived from the underlying companies' ESG performance. The portfolio must have 65% or more of the fund's gross weight with ESG scoring provided at the company level before a fund level score can be calculated. Cash and short positions are not included in the fund's gross weight calculation. The Fixed income issuers must also be a company under the BENCHMARK coverage.

Benchmark GC Fund Ratings Methodology:

The Global Compact (GC) Score provides a normative assessment of companies based on the four core principles of the United Nations Global Compact (GC): human rights, labor rights, the environment and anti-corruption. With more than 9,000 corporate signatories from over 160 countries, the Global Compact is the world's largest corporate. This provides a deeper understanding of reputational risk facing a company. A distinction is made between features that focus more on negative aspects and features that are more positive in nature, with the former taking precedence in case of poor performance to avoid compensation.

Human Rights: Human Rights, Labor Rights, Occupational Health and Safety, Employment Quality, Diversity; Product Quality and Safety, Product Access, Community Relations

Labor Rights: Labor Rights, Occupational Health and Safety, Diversity, Compensation, Training and  Development, Employment Quality

Environment: Emissions, Waste, Environmental Stewardship, Environmental Management, Resource Use, Water, Environmental Solutions

Anti-Corruption: Business Ethics, Corporate Governance, Transparency

The A to C ratings are assigned based on the fund level ESG performance derived from the underlying companies' GC performance. The portfolio must have 65% or more of the fund's gross weight with GC scoring provided at the company level before a fund level score can be calculated. Cash and short positions are not included in the fund's gross weight calculation. The Fixed income issuers must also be a company under the BENCHMARK coverage.

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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This Fund is classified as an Article 8 product under the Sustainable Finance Disclosure Regulation. Article 8 products are those which promote environmental or social characteristics and which integrate sustainability into the investment process in a binding manner.

This is a Marketing Communication.

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