Morgan Stanley Institutional Global Franchise Fund (MSFAX)

This article provides mutual fund review of Morgan Stanley Institutional Global Franchise fund. More details about the fund performance, fund details, yield, and more. As part of world stock fund, this Morgan Stanley fund has been one of the best world stock fund.

Morgan Stanley Institutional Global Franchise I (MSFAX)

The Morgan Stanley Institutional Global Franchise investment fund seeks to provide long-term capital appreciation. This Morgan Stanley fund invests mainly in world equity securities of companies that have resilient business franchises and growth potential. It typically invests in securities of issuers from >3 different countries, which may include the United States. The fund focuses its holdings in a relatively small number of companies and can invest <25% of assets in a single issuer. It can also invest in the equity securities of any size company and use derivative instruments.

MSFAX Fund Details
Morgan Stanley Inst. Global Franchise
  • Fund Inception Date: November 28, 2001
  • Ticker Symbol: MSFAX
  • CUSIP: 61744J283 
  • Beta (3yr): 0.64
  • Rank in category (YTD): 1
  • Category: World Stock
  • Distribution Rate: 2.69%
  • Net Assets: $ 179.21 million
  • Sales Load: 0%
  • Expense Ratio: 1.0%
  • Capital Gains: N/A
  • Number of Years Up: 8 years
  • Number of Years Down: 1 year
Updated 10/13/2011

John S. Goodacre has managed this MS fund since June 2009. This Morgan Stanley Global Franchise fund was introduced on November 2001. This equity fund has an expense ratio of 1.00% per year. As a no load fund, this best rated fund doesn’t charge any front end sales load or deferred sales load. It has a yield of 2.69%. Another good world stock fund is Nuveen Tradewinds Global All-Cap fund.

This fund can be purchased from 23 brokerages, such as Scottrade TF, JP Morgan, Pershing Fund Center, Td Ameritrade Inc, Fidelity Institutional Funds Network, Sun Guard Transaction Network, etc. There is no other class available for this best world stock mutual fund.

This MSFAX fund has returned 25.47% over the past one year and 11.53% over the past three years. The best performance of total 1-year return was recorded in 2009 with 29.65%. The year-to-date return of this fund is 13.16%. It has 8 years of positive performance and 1 year of negative return. Therefore it obtained a 5-stars Morningstar rating. As the top international stock fund, the performance of this world stock fund for the previous three years is as below:
  • Year 2010: 14.07%
  • Year 2009: 29.65%
  • Year 2008: -28.88%
As of June 2011, the top 3 countries of this fund are United States (41.70%), United Kingdom (30.21%) and Switzerland (10.72%). The top 5 holdings are British American Tobacco Plc (8.77%), Nestle SA (8.45%), Reckitt Benckiser Group Plc (6.81%), Imperial Tobacco Group Plc (6.41%) and Dr. Pepper Snapple Group Inc (5.17%). Consumer Staples (68.60%) and Information Technology (12.14%) are the top equity sectors of this Morgan Stanley fund.

Disclosure: No Position

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