MSFAX: Morgan Stanley Inst Global Franchise I

Welcome to MutualFunds.com

Please help us personalize your experience and select the one that best describes you.

Your personalized experience is almost ready.

Join other Individual Investors receiving FREE personalized market updates and research. Join other Institutional Investors receiving FREE personalized market updates and research. Join other Financial Advisors receiving FREE personalized market updates and research.

Thank you!

Check your email and confirm your subscription to complete your personalized experience.

Thank you for your submission

We hope you enjoy your experience

Channels

Find the latest content and information here about the 2019 Charles Schwab Impact Conference.

Advisors

Receive email updates about fund flows, news, upcoming CE accredited webcasts from industry thought leaders and more.

Content focused on helping financial advisors build successful client relationships and grow their business.

Content geared towards helping financial advisors build better client portfolios.

Get insights on the industry trends and investment news from leading fund managers and experts.

MSFAX Morgan Stanley Inst Global Franchise I


Profile

MSFAX - Profile

Vitals

  • YTD Return -15.1%
  • 3 Yr Annualized Return 2.2%
  • 5 Yr Annualized Return 3.3%
  • Net Assets $2.18 B
  • Holdings in Top 10 53.9%

52 WEEK LOW AND HIGH

$24.21
$21.22
$30.34

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.93%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 16.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $5,000,000
  • IRA N/A

Fund Classification


Distributions

  • YTD Total Return -15.1%
  • 3 Yr Annualized Total Return 4.1%
  • 5 Yr Annualized Total Return 6.6%
  • Capital Gain Distribution Frequency Semi-Annually
  • Net Income Ratio 1.09%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Semi-Annually

Fund Details

  • Legal Name
    Morgan Stanley Institutional Fund, Inc. Global Franchise Portfolio
  • Fund Family Name
    Morgan Stanley
  • Inception Date
    Nov 28, 2001
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    William Lock

Fund Description

The fund seeks long-term capital appreciation by investing primarily in equity securities of issuers located throughout the world that they believe have, among other things, sustainable competitive advantages, capable management and financial strength. Normally, it invests in securities of issuers from at least three different countries, which may include the United States. The fund may concentrate its holdings in a relatively small number of companies and may invest up to 25% of its total assets in a single issuer. It may utilize foreign currency forward exchange contracts. The fund is non-diversified.


Sign up for Advisor Access

Receive email updates about best performers, news, CE accredited webcasts and more.


Categories

Performance

MSFAX - Performance

Return Ranking - Trailing

Period MSFAX Return Category Return Low Category Return High Rank in Category (%)
YTD -15.1% -42.5% 653.5% 13.65%
1 Yr -8.1% -45.4% 385.7% 16.27%
3 Yr 2.2%* -24.0% 11.1% 8.09%
5 Yr 3.3%* -16.5% 6.8% 3.59%
10 Yr 5.2%* -11.4% 8.8% 5.00%

* Annualized

Return Ranking - Calendar

Period MSFAX Return Category Return Low Category Return High Rank in Category (%)
2019 23.9% -33.1% 42.6% 21.88%
2018 -6.8% -44.4% 0.0% 5.39%
2017 20.2% -6.5% 38.1% 37.27%
2016 1.1% -14.4% 47.8% 69.16%
2015 0.3% -30.6% 10.8% 12.73%

Total Return Ranking - Trailing

Period MSFAX Return Category Return Low Category Return High Rank in Category (%)
YTD -15.1% -42.5% 653.5% 13.65%
1 Yr -8.1% -45.4% 385.7% 16.05%
3 Yr 4.1%* -24.0% 12.5% 9.66%
5 Yr 6.6%* -16.5% 9.5% 1.80%
10 Yr 9.1%* -11.4% 10.0% 3.13%

* Annualized

Total Return Ranking - Calendar

Period MSFAX Return Category Return Low Category Return High Rank in Category (%)
2019 23.9% -33.1% 42.6% 21.88%
2018 -6.1% -44.4% 1.8% 11.76%
2017 25.9% -6.5% 41.7% 23.59%
2016 5.6% -14.4% 47.8% 47.26%
2015 6.6% -30.6% 14.3% 4.24%

NAV & Total Return History


Holdings

MSFAX - Holdings

Concentration Analysis

MSFAX Category Low Category High MSFAX % Rank
Net Assets 2.18 B 25.5 K 13 B 10.56%
Number of Holdings 32 1 1175 81.65%
Net Assets in Top 10 1.02 B -10 M 7.75 B 8.27%
Weighting of Top 10 53.87% 6.3% 100.0% 16.95%

Top 10 Holdings

  1. Microsoft Corp 8.05%
  2. Reckitt Benckiser Group PLC 7.59%
  3. Philip Morris International Inc 6.78%
  4. Visa Inc Class A 5.23%
  5. SAP SE 5.20%
  6. Accenture PLC Class A 4.69%
  7. Unilever PLC 4.50%
  8. Baxter International Inc 4.41%
  9. Danaher Corp 3.77%
  10. Coca-Cola Co 3.65%

Asset Allocation

Weighting Return Low Return High MSFAX % Rank
Stocks
97.54% 61.04% 100.41% 48.79%
Cash
2.46% -8.80% 38.95% 42.94%
Preferred Stocks
0.00% 0.00% 7.54% 98.39%
Other
0.00% -10.40% 12.97% 95.36%
Convertible Bonds
0.00% 0.00% 2.62% 98.39%
Bonds
0.00% -0.26% 16.22% 98.19%

Stock Sector Breakdown

Weighting Return Low Return High MSFAX % Rank
Consumer Defense
38.30% 0.00% 73.78% 1.81%
Healthcare
19.96% 0.00% 26.60% 13.51%
Technology
18.39% 0.00% 39.27% 23.39%
Industrials
8.43% 0.00% 46.21% 70.97%
Financial Services
7.97% 0.00% 31.91% 89.31%
Consumer Cyclical
6.96% 0.00% 30.72% 71.37%
Utilities
0.00% 0.00% 34.00% 98.59%
Real Estate
0.00% 0.00% 17.05% 98.99%
Energy
0.00% 0.00% 15.04% 98.19%
Communication Services
0.00% 0.00% 27.13% 98.79%
Basic Materials
0.00% 0.00% 37.25% 98.39%

Stock Geographic Breakdown

Weighting Return Low Return High MSFAX % Rank
US
63.28% 16.02% 71.48% 6.45%
Non US
34.26% 8.00% 74.97% 91.94%

Expenses

MSFAX - Expenses

Operational Fees

MSFAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.93% 0.01% 53.31% 75.27%
Management Fee 0.76% 0.00% 1.82% 61.35%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.08% 0.01% 0.47% 49.68%

Sales Fees

MSFAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.50% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

MSFAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

MSFAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 16.00% 3.00% 297.00% 17.08%

Distributions

MSFAX - Distributions

Dividend Yield Analysis

MSFAX Category Low Category High MSFAX % Rank
Dividend Yield 0.00% 0.00% 5.77% 98.61%

Dividend Distribution Analysis

MSFAX Category Low Category High Category Mod
Dividend Distribution Frequency Semi-Annually Quarterly Monthly Quarterly

Net Income Ratio Analysis

MSFAX Category Low Category High MSFAX % Rank
Net Income Ratio 1.09% -1.52% 6.05% 58.62%

Capital Gain Distribution Analysis

MSFAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Semi-Annually Annually Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

MSFAX - Fund Manager Analysis

Managers

William Lock


Start Date

Tenure

Tenure Rank

Jun 15, 2009

10.72

10.7%

William is a portfolio manager and head of the London-based International Equity team. He joined Morgan Stanley in 1994 and has 27 years of investment experience. Prior to joining the firm, he worked at Credit Suisse First Boston’s Corporate Finance Group, and was a management consultant with Arthur D. Little. William received a B.A. in modern history from Keble College, Oxford. William is a longstanding sponsor of the creative arts, including Glyndebourne Opera.

Vladimir Demine


Start Date

Tenure

Tenure Rank

Jun 30, 2009

10.67

10.7%

Vladimir is a portfolio manager for the London-based International Equity team. He joined Morgan Stanley in 2009 and has 14 years of investment management experience. Prior to joining the firm, Vladimir worked for UBS Global Asset Management in London, where he was an analyst responsible for stock selection of consumer staples holdings in key client mandates. Vladimir received a M.Sc. in investment management with Distinction from City University (CASS) Business School and a Master?s in finance with Distinction from St Petersburg State University of Economics and Finance.

Bruno Paulson


Start Date

Tenure

Tenure Rank

Jun 30, 2009

10.67

10.7%

Bruno is a portfolio manager for the London-based International Equity team. He joined Morgan Stanley in 2009. Prior to joining the firm, Bruno worked for Sanford Bernstein in London, where he was a Senior Analyst covering the financial sector for eight years. Previously, he was a manager at the Boston Consulting Group where he focused on the financial services industry. Bruno has an MBA from INSEAD where he received the Ford Prize for graduating top of class. He was also a Research Fellow in Political Economy at Nuffield College, Oxford, and received a B.A. in Politics, Philosophy and Economics with 1st Class Honors from Keble College, Oxford. Bruno was a parent-founder of The Rise School, a free school for children with high-functioning autism. He is a governor at Kensington Aldridge Academy, where he chairs the Business Committee.

Marcus Watson


Start Date

Tenure

Tenure Rank

Jan 29, 2013

7.09

7.1%

Marcus is a portfolio manager for the London-based International Equity team. He joined Morgan Stanley in 2008 and has eight years of investment experience. Marcus received a B.Sc in psychology from the University of Newcastle Upon Tyne.

Dirk Hoffmann-Becking


Start Date

Tenure

Tenure Rank

Jan 31, 2015

5.08

5.1%

Dirk is a portfolio manager for the London-based International Equity team. He joined Morgan Stanley in 2013 and has 13 years of investment experience. Prior to joining the firm, Dirk worked for Soci?t? G?n?rale as Global Head of Bank Sector Research. Previously, was a senior research analyst covering European Banks at Sanford Bernstein. Prior to that, Dirk spent five years as a consultant for McKinsey & Company and three years as a strategy manager at ABN Amro. Dirk has a Ph.D. in Law (magna cum laude) from Christian Albrechts University of Kiel, Germany and trained and worked as a lawyer at Freshfields Bruckhaus Deringer.

Nic Sochovsky


Start Date

Tenure

Tenure Rank

Dec 31, 2015

4.17

4.2%

Nic is a portfolio manager for the London based International Equity team. He joined Morgan Stanley in 2015 and has 21 years of industry experience. Prior to joining the team, Nic worked for Credit Suisse within a top industry ranked consumer staples team covering Food manufacturing, HPC, beverages and tobacco. Before that he headed the consumer research team at Unicredit and was a senior analyst at Merrill Lynch and Lehman Brothers covering pan-European Food manufacturing and HPC. Nic received a B.A. in Economics from Sheffield University. Nic is a longtime supporter of Place 2Be, the leading national children’s mental health charity.

Alex Gabriele


Start Date

Tenure

Tenure Rank

Sep 30, 2017

2.42

2.4%

Alex is a portfolio manager for the London-based International Equity team. He joined Morgan Stanley from Sloane Robinson LLP in 2012 and has ten years of investment experience. Prior to joining the team, Alex was responsible for stock selection across the cyclical universe, predominantly in Asia ex-Japan. Alex holds a B.A in Natural Sciences from Trinity College, Cambridge.

Richard Perrott


Start Date

Tenure

Tenure Rank

Sep 30, 2017

2.42

2.4%

Richard is a portfolio manager for the London-based International Equity team. He joined Morgan Stanley in 2015 and has 13 years of industry experience. Prior to joining the team, Richard was an equity research analyst at Autonomous Research covering specialty financials. Before that Richard covered financials at Berenberg Bank and financials and healthcare at Sanford Bernstein. Richard received an M.A in Mathematics and Philosophy from St Edmund Hall, Oxford. Richard is a trustee of Shrewsbury House Community Association.

Nathan Wong


Start Date

Tenure

Tenure Rank

Apr 30, 2019

0.84

0.8%

Nathan is a portfolio manager on the London-based International Equity team. He joined Morgan Stanley in July 2017 and has 19 years of investment experience. Prior to joining the team, Nathan was a Partner/Senior Analyst and developed markets equities generalist at Sloane Robinson. Prior to that he worked in equity research in Merrill Lynch’s Specialty Finance team and before that he qualified as a chartered accountant with Deloitte. He holds a BSc in Mathematics from Imperial College with 1st Class Honours, receiving the Institute of Mathematics and its Applications prize in his final year.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 34.73 4.92 0.16