Cedola Obbligazioni Globali 2020

ISIN: LU1409374441

ISIN: LU1409374441

Cedola Obbligazioni Globali 2020

SHARE CLASS :

ISIN: LU1409374441

Overview
Pricing & Performance
Portfolio Managers
Resources

Fund Facts

Asset Class:	Fixed Income
Fund Launch Date:	02-Sep-2016
Fund Base Currency:	EUR
Fund Assets (MM): as of 08-Oct-2020	543.21 EUR

Net Asset Value: as of 05-Mar-2021	0.97 EUR
Share Class Launch Date:	02-Sep-2016
Share Class Assets (MM): as of 08-Oct-2020	543.21 EUR

Fund Codes

CUSIP:	L6514L106
ISIN:	LU1409374441

Fees & Expenses ¹

Ongoing Charges:	1.61 %
Management Fee:	1.35 %
Minimum Initial Investment:	1,000 EUR

Overview

Fund Facts

Asset Class:	Fixed Income
Fund Launch Date:	02-Sep-2016
Fund Base Currency:	EUR
Fund Assets (MM): as of 08-Oct-2020	543.21 EUR

Net Asset Value: as of 05-Mar-2021	0.97 EUR
Share Class Launch Date:	02-Sep-2016
Share Class Assets (MM): as of 08-Oct-2020	543.21 EUR

Fund Codes

CUSIP:	L6514L106
ISIN:	LU1409374441

Fees & Expenses ¹

Ongoing Charges:	1.61 %
Management Fee:	1.35 %
Minimum Initial Investment:	1,000 EUR

Investment Objective

Seeks to own the most attractive sectors, driven by active asset allocation and optimal diversification, and seeks to own high quality fixed income issuance in pursuit of its investment goals.

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.

Growth of Investment Historical NAV	As of 28-Feb-2021 As of 05-Mar-2021
As of 28-Feb-2021 As of 05-Mar-2021

Performance of 100 EUR invested

Download

Past performance is not indicative of future results.

Average Annual Total Returns As of 30-Sep-2020 As of 30-Sep-2020

TIMEFRAME:

Month-end
Quarter-end
Calendar Year

	1 YR	3 YRS	5 YRS	10 YRS	Since Inception
EUR (%)	-0.62	-0.73	--	--	0.14

	1 YR	3 YRS	5 YRS	10 YRS	Since Inception
EUR (%)	-0.62	-0.73	--	--	0.14

	2019	2018	2017	2016	2015
EUR (%)	2.21	-3.20	2.64	--	--

Average Annual Total Returns

Monthly
Quarterly
Calendar Year

As of 30-Sep-2020

TIMEFRAME	EUR (%)
1 Yr	-0.62
3 Yrs	-0.73
5 Yrs	--
10 Yrs	--
Since Inception	0.14

As of 30-Sep-2020

TIMEFRAME	EUR (%)
1 Yr	-0.62
3 Yrs	-0.73
5 Yrs	--
10 Yrs	--
Since Inception	0.14

TIMEFRAME	EUR (%)
2019	2.21
2018	-3.20
2017	2.64
2016	--
2015	--

Past performance is not indicative of future results.

Portfolio Managers

Jim Caron

Managing Director

29 years industry experience

Joseph Mehlman

Managing Director

19 years industry experience

Leon Grenyer

Managing Director

25 years industry experience

Gregory A. Finck

Managing Director

29 years industry experience

Insights by Global Fixed Income Team

Market Pulse

Market Pulse with Jim Caron

01-Mar-2021

Jim Caron, Portfolio Manager and Head of Global Macro Strategies, provides timely insights on what’s driving fixed income markets today. Listen now.

Market Pulse

Market Pulse with Jim Caron

22-Feb-2021

Jim Caron, Portfolio Manager and Head of Global Macro Strategies, provides timely insights on what’s driving fixed income markets today. Listen now.

Resources

Product Literature

Key Investor Information Document (KIID)

Prospectus & Reports

MS Horizon Funds - Prospectus

Download

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.

¹Ongoing 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.

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.