Global Multi-Asset Income Fund
Share Class :
ISIN: LU1258507745
Global Multi-Asset Income Fund
ISIN: LU1258507745
Share Class :

Global Multi-Asset Income Fund

ISIN: LU1258507745
Investment Objective
Seeks to maximize current income with consideration for capital appreciation over time.
Investment Approach
Seeks to maximize current income with consideration for capital appreciation over time.
Composition 4 As of 30-Apr-2020
Fund Active Wt
Global Equities 32.16 2.16
Global Fixed Income 46.80 -3.20
Global High Yielding Investments 19.50 -0.50
Commodities 0.00 0.00
Volatility 0.00 0.00
Cash 1.54 1.54
May not sum to 100% due to rounding.

Geography4 As of 30-Apr-2020
Equities Fixed Income
North America 19.90 21.68
Europe 5.33 11.03
Asia ex-Japan 1.03 1.49
Japan 2.27 7.12
Emerging Markets 3.63 5.49
Developed Markets 98.00
North America 24.04
Europe 66.00
Asia ex-Japan 1.94
Japan 6.01
Emerging Markets 2.00
May not sum to 100% due to rounding.

Holdings As of 30-Apr-2020
MS Invf - Emerging Markets Debt Fund 4.79
MS Invf - Global High Yield Bond Fund 4.51
Greece (Government), 3.750000%, 2028-01-30 2.61
United States Treasury, 1.750000%, 2022-04-30 2.14
State Street Bank and Trust Company 2.01
Umbs, 3.500000%, 2045-06-25 2.01
United States Treasury, 3.125000%, 2048-05-15 1.42
Germany (Federal Republic of), 0.250000%, 2029-02-15 1.39
Canadian Government Bond, 2.250000%, 2029-06-01 1.36
United States Treasury, 4.250000%, 2040-11-15 1.30
Total 23.54

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.


** 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.

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.

© 2020 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 Bloomberg Barclays Global Aggregate Index (EUR): provides a broad-based measure of the global investment grade fixed-rate debt markets. Total Returns shown in unhedged USD.

MSCI All Country World Index (ACWI): is a free float-adjusted market capitalization weighted index designed to measure the equity market performance of developed and emerging 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.

Dow Jones Brookfield Global Infrastructure Index (ACWI): is a float-adjusted market capitalization weighted index that measures the stock performance of companies that exhibit strong infrastructure characteristics. The Index intends to measure all sectors of the infrastructure market.

The FTSE EPRA/NAREIT Developed Index is a free float-adjusted market capitalization weighted index designed to reflect the stock performance of companies engaged in specific aspects of the major real estate markets/regions of the developed world.

Barclays Global High Yield Index: provides a broad-based measure of the global high-yield fixed income markets. It is comprised of the Barclays U.S. High Yield,Pan-European High Yield, U.S. Emerging Markets High Yield and Pan-European Emerging Markets High Yield indices.

JPMorgan EMBI Global Index: tracks total returns for U.S. dollar-denominated debt instruments issued by emerging markets sovereign and quasi-sovereign entities: Brady Bonds, loans, Eurobonds and local market instruments for over 30 emerging market countries.

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. 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.


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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