Morgan Stanley Investment Funds (MS INVF)

Global Brands
Equity Income Fund

We offer our investors access to high-quality income with long-term capital growth and relative downside protection.

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Income, the right way

The Global Brands Equity Income Fund provides our investors with the opportunity to invest in our Global Brands investment process with the added benefit of enhanced income. We are currently targeting a 4% annual dividend yield, paid quarterly.

 
 

A focus on quality

The search for income has led many traditional equity income funds to focus on high-yielding sectors like Utilities, Telecoms, Energy and Financials. In such funds, long-term capital growth is neglected at the expense of higher dividends.

In contrast, our Global Brands Equity Income (GBEI) Fund uses our time-tested Global Brands investment process to ensure that we only invest in high-quality companies with sustainably high returns and strong free cash flows that easily fund their dividends.
Our Advantage
We believe that the Global Brands Equity Income Fund offers the opportunity for reliable income without sacrificing capital growth.

High-quality
stock selection

In the 16-year history of the Global Brands Fund, the Fund's dividends have grown faster than the market and shown resilience during the market downturns. GBEI builds on the history and experience of Global Brands but includes a capital growth component, which can provide a steady and reliable source of income.

Historically Higher Dividend Growth

MS INVF Global Brands Trailing Dividends per 100k initial fund investment rebased to 100

Source: Factset. Data updated annually, as of 31 March 2017. The inception date of the MS INVF Global Brands Fund is 30 October 2000. 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.

Current target yield: 4% p.a.

To achieve our income target, we combine dividends generated by the underlying Global Brands portfolio of high-quality stocks with premiums from selling index call options on six liquid global indices.

Optimized Yield Enhancement

The premiums received from the sale of index call options enhances the yield. This dynamic yet conservative options strategy is designed to help meet the yield target with confidence.

* 2% post withholding tax.

High-quality companies
Companies able to consistently compound shareholder wealth at superior rates of return over the long-term.

Overwriting strategy
An options strategy that involves the sale of index call options to generate a premium.

Our Global Brands Fund has over 15 years' track record of high-quality investing. As a team, we aim to offer our investors attractive long-term returns, capital preservation and a degree of downside protection.

Learn more about the International Equity Team >

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

RISK WARNINGS

  • The value of financial derivative instruments are highly sensitive and may result in losses in excess of the amount invested by the Sub-Fund.
  • 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.
  • There may be an insufficient number of buyers or sellers which may affect the funds ability to buy or sell securities.
  • 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 derivative strategy aims to increase the income paid to investors, but there is potential for the fund to suffer losses.
  • 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.

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.