Morningstar Fund Report  | 07/04/2025Print

Morgan Stanley Investment Funds - US Growth Fund F

Performance History31/03/2025
Growth of 1,000 (GBP) Advanced Graph
Morgan Stanley Investment Funds - US Growth Fund F
Fund2.8-55.340.843.6-16.3
+/-Cat-19.1-33.814.118.3-5.7
+/-B’mrk-24.6-32.08.88.4-4.1
 
Category: US Large-Cap Growth Equity
Category Benchmark: Morningstar US LM Brd Growt...
Key Stats
NAV
04/04/2025		 USD 79.41
Day Change -5.52%
Morningstar Category™ US Large-Cap Growth Equity
ISIN LU1080262196
Fund Size (Mil)
04/04/2025		 USD 2665.24
Share Class Size (Mil)
04/04/2025		 USD 9.76
Max Initial Charge -
Ongoing Charge
30/11/2024		  0.96%
Morningstar Research
Analyst Report03/03/2025
Robby Greengold, Principal
Morningstar, Inc

Morgan Stanley Institutional Growth can pick up the pieces after a disastrous 2022. Its Morningstar Analyst Rating ranges from Gold to Neutral, depending on share-class fees. The strategy is coming off its worst year on record. It lost about...

Click here to read this analyst report on the underlying fund.
Morningstar Pillars
People25
Parent23
Process24
Performance
Price
Investment Objective: Morgan Stanley Investment Funds - US Growth Fund F
The Fund’s investment objective is to seek long-term capital appreciation (measured in USD). The investment process will emphasise a bottom-up stock selection process, seeking attractive investments on an individual company basis. In selecting securities for investment, the investment manager typically invests in unique companies it believes have sustainable competitive advantages with above average business visibility, the ability to deploy capital at high rates of return, strong balance sheets and an attractive risk/reward. Individual security selection will be emphasised.
Returns
Trailing Returns (GBP)04/04/2025
YTD-21.57
3 Years Annualised-3.11
5 Years Annualised9.36
10 Years Annualised12.66
12 Month Yield 0.00
Management
Manager Name
Start Date
Alexander Norton
30/05/1999
Jason Yeung
01/01/2002
Click here to see others
Inception Date
25/06/2014

Category Benchmark
Fund BenchmarkMorningstar Benchmark
Russell 1000 Growth TR USDMorningstar US LM Brd Growth NR USD
Portfolio Profile for  Morgan Stanley Investment Funds - US Growth Fund F28/02/2025
Morningstar Style Box®
Equity Style
Asset Allocation
  % Long% Short% Net Assets
Stock94.510.0094.51
Bond0.910.000.91
Property0.000.000.00
Cash3.470.033.44
Other1.140.001.14
Top 5 Regions%
United States74.83
Eurozone7.46
Canada7.23
Latin America6.59
Middle East2.57
Top 5 Sectors%
Technology52.64
Consumer Cyclical24.24
Communication Services13.37
Healthcare8.99
Financial Services0.76
Top 5 HoldingsSector%
Cloudflare IncTechnologyTechnology9.46
DoorDash Inc Ordinary Shares - C... Communication ServicesCommunication Services7.63
Shopify Inc Registered Shs -A- S... TechnologyTechnology6.83
Tesla IncConsumer CyclicalConsumer Cyclical6.57
MercadoLibre IncConsumer CyclicalConsumer Cyclical6.23
Increase Decrease New since last portfolio
Morgan Stanley Investment Funds - US Growth Fund F
Growth Of 1000 (GBP) 31/03/2025
Fund:  Morgan Stanley Investment Funds - US Growth Fund F
Category:  US Large-Cap Growth Equity
Category Index:  Morningstar US LM Brd Growth NR USD
Growth of 1,000 GBP
Annual Returns (GBP)31/03/2025
 201820192020202120222023202431/03
Price Return12.0817.54110.342.78-55.3140.8043.61-16.28
+/- Category9.73-9.6979.19-19.13-33.7914.1118.26-5.75
+/- Category Index7.73-11.8078.43-24.57-32.048.778.42-4.07
% Rank in Category39629410016299
Trailing Returns (GBP)04/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day-5.52   -2.01-1.16
1 Week-10.49   -2.20-0.76
1 Month-16.44   -3.26-0.56
3 Months-22.97   -4.540.09
6 Months5.75   14.0717.20
YTD-21.57   -4.10-0.69
1 Year8.80   13.9411.65
3 Years Annualised-3.11   -6.50-7.42
5 Years Annualised9.36   -3.34-6.19
10 Years Annualised12.66   0.46-0.99
 
Category: US Large-Cap Growth Equity
Category Index: Morningstar US LM Brd Growth NR USD
Quarterly Returns (GBP)31/03/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
2025-16.28---
20247.22-6.676.1435.22
202312.0412.38-2.1914.33
2022-24.21-37.3915.18-18.23
2021-3.9416.84-3.01-5.58
20204.5057.0616.749.77
 
 
 
Morningstar Rating™(Relative to Category)31/03/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearLowHigh1 star
5-YearLowHigh1 star
10-YearAverageHigh1 star
OverallBelow AverageHigh1 star
 
Category :  US Large-Cap Growth EquityClick here to see our Methodology
Volatility Measurements31/03/2025
 
3-Yr Std Dev35.38 %
3-Yr Mean Return6.21 %
 
3-Yr Sharpe Ratio0.06
 
Modern Portfolio Statistics31/03/202531/03/2025
 Standard IndexBest Fit Index
 Morningstar US LM Brd Growth NR USD  FTSE Global CB TR USD
3-Yr Beta1.302.61
3-Yr Alpha-6.104.22
 
Investment Style Details28/02/2025
Morningstar Style Box®
Equity Style
SizeRel to Cat
Average Mkt Cap (Mil)USD 71537-
Market Capitalisation% of Equity
Giant29.62
Large17.29
Medium51.66
Small0.65
Micro0.77
Valuations and Growth RatesEquity PortfolioRelative to Category
Price/Prospective Earnings46.211.59
Price/Book6.240.91
Price/Sales5.651.11
Price/Cash Flow19.020.97
Dividend-Yield Factor0.200.31
 
Long-Term Projected Earnings Growth31.162.44
Historical Earnings Growth22.431.24
Sales Growth13.361.27
Cash-Flow Growth20.031.09
Book-Value Growth11.490.86
 
Category: US Large-Cap Growth Equity
Asset Allocation28/02/2025
Asset Allocation
 % Long% Short% Net Assets
Stock94.510.0094.51
Bond0.910.000.91
Property0.000.000.00
Cash3.470.033.44
Other1.140.001.14
World Regions28/02/2025
 % of EquityRelative to Category
United States74.830.78
Canada7.235.83
Latin America6.5911.27
United Kingdom1.324.91
Eurozone7.465.87
Europe - ex Euro0.000.00
Europe - Emerging0.00-
Africa0.00-
Middle East2.5712.09
Japan0.00-
Australasia0.00-
Asia - Developed0.000.00
Asia - Emerging0.000.00
 
Category: US Large-Cap Growth Equity
Sector Weightings28/02/2025
 % of EquityRelative to Category
Consumer CyclicalConsumer Cyclical24.241.58
Financial ServicesFinancial Services0.760.08
HealthcareHealthcare8.990.80
Communication ServicesCommunication Services13.371.08
TechnologyTechnology52.641.36
 
Category: US Large-Cap Growth Equity
Top 10 Holdings28/02/2025
 Portfolio NEW
Total Number of Equity Holdings27
Total Number of Bond Holdings0
Assets in Top 10 Holdings59.97
NameSectorCountry% of Assets
Cloudflare Inc311United States9.46
DoorDash Inc Ordinary Shares - Class A308United States7.63
Shopify Inc Registered Shs -A- Subord... 311Canada6.83
Tesla Inc102United States6.57
MercadoLibre Inc102Brazil6.23
Roblox Corp Ordinary Shares - Class A308United States5.01
Affirm Holdings Inc Ordinary Shares -... 311United States4.69
Samsara Inc Ordinary Shares - Class A311United States4.63
Royalty Pharma PLC Class A206United States4.53
MicroStrategy Inc Class A311United States4.39
 
Increase Decrease New since last portfolio
Category: US Large-Cap Growth Equity
 
Management
Name of CompanyMSIM Fund Management (Ireland) Limited
Phone-
Websitewww.morganstanley.com/im
AddressThe Observatory, 7-11 Sir John Rogerson’s Quay, Dublin 2
 Dublin   -
 Ireland
DomicileLuxembourg
Legal StructureSICAV
UCITSYes
Inception Date25/06/2014
Fund Advisor(s)
Morgan Stanley Investment Management Ltd
Fund ManagerAlexander Norton
Manager Start Date30/05/1999
Career Start Year1995
Education
University of Pennsylvania, B.A.
Columbia University, M.B.A.
 
Biography
Alexander Norton is an investor for the Counterpoint Global team. He joined Morgan Stanley in 2000 and has been with financial industry since 1995. Prior to joining the firm, Alex was an associate in equity derivative sales and later an associate in equity research at Donaldson, Lufkin & Jenrette. Previously, he was a bond broker with Cantor Fitzgerald. Alex received a B.A. in history from the University of Pennsylvania and an M.B.A. in finance from Columbia Business School.
Fund ManagerJason Yeung
Manager Start Date01/01/2002
Career Start Year1997
Education
University of Cambridge, M.A.
Johns Hopkins University, B.A.
 
Biography
Jason Yeung is an investor for the Counterpoint Global team. He joined Morgan Stanley in 2002 and has been with financial industry since 1997. Jason joined the team in 2004 as an investor. Previously, he was a member of the U.S. Research Group, working closely with the Counterpoint Global team. Prior to joining the firm, Jason was a senior research analyst at Ramius Capital Group. Previously, he was an equity research associate at Deutsche Bank. Jason received a B.A., Phi Beta Kappa, in international relations from Johns Hopkins University and an M. Phil. in international relations from the University of Cambridge. He holds the Chartered Financial Analyst designation.
Fund ManagerArmistead Nash
Manager Start Date30/06/2001
Career Start Year2000
Education
University of Virginia (Darden), M.B.A.
University of Virginia, B.A.
 
Biography
Armistead Nash is an investor for the Counterpoint Global team. He joined Morgan Stanley in 2002 and has has been with financial industry since 2000. Armistead joined the team in 2004 as an investor. Previously, he was a member of the U.S. Research Group, working closely with the Counterpoint Global team. Prior to joining the firm, Armistead was an associate in investment product development at BlackRock Financial Management. Previously, he was a research analyst in high-yield research at KEA Capital. Armistead received a B.A. in history from the University of Virginia and an M.B.A. from the University of Virginia's Darden School of Business Administration.
Fund ManagerDennis Lynch
Manager Start Date30/05/1997
Career Start Year1994
Education
Hamilton College, B.A.
Columbia University, M.B.A.
 
Biography
Dennis is the Head of the Counterpoint Global team at Morgan Stanley Investment Management. He joined Morgan Stanley in 1998 and has been with financial industry since 1994. Prior to joining the firm, he worked as a sell-side analyst for J.P. Morgan Securities. Dennis received a B.A. in political science from Hamilton College and an M.B.A. with honors in finance from Columbia University.
Fund ManagerDavid Cohen
Manager Start Date01/01/1993
Career Start Year1988
Education
1999, Pace University, B.S.
 
Biography
Dave Cohen is an investor for the Counterpoint Global team. He joined Morgan Stanley in 1993 and has has been with financial industry since 1988. Dave joined the team as an investor in 1999. Prior to joining the firm, Dave was a senior fund accountant at Alliance Capital. Previously, he was a fund accountant at Natwest and Wall Street Trust. Dave received a B.S. summa cum laude in management from Pace University.
Fund ManagerSandeep (Sam) Chainani
Manager Start Date01/01/1996
Career Start Year1996
Education
1996, Binghamton University, B.S.
 
Biography
Sam Chainani is an investor for the Counterpoint Global team. He joined Morgan Stanley in 1996 and has been with financial industry since 1996. Sam joined the team as an investor in 2000. Previously, he was a strategy specialist for our Inception and Discovery strategies. Sam received a B.S. in management with a concentration in finance from Binghamton University. He holds the Chartered Financial Analyst designation.
Fees and Expenses
Sales Charges (Maximum) 
Max Initial Chargen/a
Max Exit Charge*n/a
Annual Charges
Max Annual Management Charge0.70%
Ongoing Charge0.96%
Purchase Details
Minimum Investments
Initial-
Additional-
Savings-
Tax Free Savings Schemes
ISAsYes