Morgan Stanley Global Brands I GBP

Invests in international equities exhibiting franchise characteristics.

  • 3352.54p
    Price (Inc)

    These are the shares in the fund that pay out an income to clients. The income is made up of the total dividends – the money a company can pay out to its investors – from the companies in the fund.

  • 12089.15p
    Price (Acc)

    These are the shares in the fund that don’t pay out an income to clients. Any dividends – the money a company can pay out to its investors – are reinvested into companies in the fund. Despite no income, the shares should be worth more over time. Good incentive, eh?

  • 0.00%

    Initial charge

    Some funds charge you when you first invest, which is aptly known as the initial charge. They’re usually between 3-5% but at Bestinvest, we usually don’t charge you a penny!

  • 0.75%
    Annual management charge

    This is how much the fund management company charges to run the fund. It’s like paying a babysitter, dog sitter or house sitter (that makes well-informed, heavily researched changes to improve your baby/dog/house when needed).

  • 0.90%
    Ongoing charges

    This stands for Ongoing Charges Figure. It’s the cost of running a fund and includes admin fees, manager fees, administration costs, etc.

  • 1.00%
    Yield

    How much the fund is currently paying out in income to investors. It’s NOT to be confused with the overall growth of a fund – a very different thing indeed. It’s also NOT a guarantee of future pay-outs, just a snapshot. This is more what it’s not than what it is…

Prices as at 11 June 2021

The objective of the fund is to provide long-term capital appreciation through investment primarily in equity securities issued worldwide. The fund is currently closed to new investment.

Fund summary

Sector Global
Structure OEIC
Launched January, 2003
Size £1,209m
Yield 1.00%
Charging basis
Dividends paid

Charges

Standard initial charge 0.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 0.75%
Ongoing charges figure 0.90%

Allocation

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Investment process

Manager research

Average monthly relative returns

  • 16/17 -0.17%
  • 17/18 -0.16%
  • 18/19 0.67%
  • 19/20 0.72%
  • 20/21 -1.09%

Bestinvest MRI

  • 3 years 0.10%
  • 5 years -0.01%
  • Career 0.11%
  • 3 years 68.10%
  • 5 years 61.80%
  • Career 89.30%

Performance figures are based on the average of monthly percentage returns relative to the benchmark index.

Peter Wright / William Lock

Track record

Peter Wright / William Lock has 11.9 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been +0.11%. During the worst period of relative performance (from September 2011 - January 2014) there was a decline of 15% relative to the index. The worst absolute loss has been 10%. Statistically, we estimate the probability that this fund manager is adding value, rather than being lucky, is 89%.

Periods of worst performance

Absolute -10.00% (January 2020 - March 2020)
Relative -15.00% (September 2011 - January 2014)

About the MRI

Our unique indicator: the Bestinvest Manager Record Index (MRI) measures the likelihood that the fund manager is adding value through their decisions. It is based on their performance record over the course of their career, adjusted for the amount of risk taken. MRI is an important contributor to our fund rating system but it is also vital to take account of qualitative factors. It is also very important to select funds to form a cohesive portfolio with an appropriate overall risk level.

Allocation

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Top 10 holdings

Data accurate as at 31 August 2019

7.94% Microsoft Corp
7.54% Reckitt Benckiser Group Plc
6.16% Philip Morris International Inc
5.47% Visa Inc
5.25% Sap Se
5.24% Unilever
4.8% Accenture Plc
4.4% Baxter International Inc
3.69% Danaher Corp
3.67% Coca-Cola Co
Source: Trustnet

Sector breakdown

Consumer Staples 38.00%
Information Technology 29.00%
Health Care 18.00%
Industrials 6.00%
Financials 3.00%
Cash & Cash Equivalents 2.00%
Consumer Discretionary 2.00%
Communications 1.00%

Key Investor Information - Income

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Key Investor Information - Accumulation

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