Morningstar Fund Report  | 03/04/2025Print

Morgan Stanley Funds (UK) - US Advantage Fund I Accumulation GBP

Performance History31/03/2025
Growth of 1,000 (GBP) Advanced Graph
Morgan Stanley Funds (UK) - US Advantage Fund I Accumulation GBP
Fund-3.8-49.438.333.3-10.1
+/-Cat-25.7-27.911.68.00.4
+/-B’mrk-31.1-26.16.3-1.92.1
 
Category: US Large-Cap Growth Equity
Category Benchmark: Morningstar US LM Brd Growt...
Key Stats
NAV
02/04/2025		 GBP 22.54
Day Change 0.40%
Morningstar Category™ US Large-Cap Growth Equity
IA (formerly IMA) Sector North America
ISIN GB00BZ4CG750
Fund Size (Mil)
02/04/2025		 GBP 58.92
Share Class Size (Mil)
02/04/2025		 GBP 46.84
Max Initial Charge -
Ongoing Charge
17/02/2025		  0.85%
Morningstar Research
Analyst Report03/03/2025
Robby Greengold, Principal
Morningstar, Inc

The strategy, which includes Luxembourg-domiciled MS INVF US Advantage and UK-domiciled Morgan Stanley US Advantage, can overcome its weaknesses. Its Morningstar Analyst Rating ranges from Gold to Neutral, depending on share class cost. The...

Click here to read this analyst report on the underlying fund.
Morningstar Pillars
People25
Parent23
Process24
Performance
Price
Investment Objective: Morgan Stanley Funds (UK) - US Advantage Fund I Accumulation GBP
The Fund aims to grow investment over 5 years or more. The Fund invests at least 80% of its assets in securities issued by US companies.
Returns
Trailing Returns (GBP)02/04/2025
YTD-9.28
3 Years Annualised3.42
5 Years Annualised8.09
10 Years Annualised-
12 Month Yield 0.00
Management
Manager Name
Start Date
Alexander Norton
16/09/2016
Jason Yeung
16/09/2016
Click here to see others
Inception Date
16/09/2016

Category Benchmark
Fund BenchmarkMorningstar Benchmark
S&P 500 TR GBPMorningstar US LM Brd Growth NR USD
Portfolio Profile for  Morgan Stanley Funds (UK) - US Advantage Fund I Accumulation GBP28/02/2025
Morningstar Style Box®
Equity Style
Asset Allocation
  % Long% Short% Net Assets
Stock89.630.0089.63
Bond0.000.000.00
Property0.000.000.00
Cash10.620.2510.37
Other0.000.000.00
Top 5 Regions%
United States73.91
Eurozone11.52
Canada6.89
Latin America6.61
United Kingdom1.08
Top 5 Sectors%
Technology42.88
Consumer Cyclical27.44
Communication Services13.03
Healthcare8.27
Industrials3.28
Top 5 HoldingsSector%
Cloudflare IncTechnologyTechnology9.19
DoorDash Inc Ordinary Shares - C... Communication ServicesCommunication Services6.97
Shopify Inc Registered Shs -A- S... TechnologyTechnology6.17
Tesla IncConsumer CyclicalConsumer Cyclical6.09
MercadoLibre IncConsumer CyclicalConsumer Cyclical5.93
Increase Decrease New since last portfolio
Morgan Stanley Funds (UK) - US Advantage Fund I Accumulation GBP
Growth Of 1000 (GBP) 31/03/2025
Fund:  Morgan Stanley Funds (UK) - US Advantage Fund I Accumulation GBP
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 Return5.8621.9168.11-3.76-49.4138.3233.32-10.12
+/- Category3.51-5.3136.96-25.68-27.8911.627.970.42
+/- Category Index1.51-7.4236.20-31.11-26.146.29-1.872.09
% Rank in Category268859998191736
Trailing Returns (GBP)02/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day0.40   -0.45-0.38
1 Week-7.85   -3.50-3.48
1 Month-10.02   -1.02-0.15
3 Months-9.65   1.051.87
6 Months18.18   18.1116.56
YTD-9.28   1.422.24
1 Year13.13   12.227.43
3 Years Annualised3.42   -3.14-5.47
5 Years Annualised8.09   -6.75-10.45
10 Years Annualised-   --
 
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
2025-10.12---
20248.71-8.002.9429.51
202313.1712.81-7.6117.27
2022-22.29-32.8212.53-13.89
2021-6.5313.57-3.94-5.62
2020-1.7240.3910.5310.23
 
 
 
Morningstar Rating™(Relative to Category)28/02/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearBelow AverageHigh1 star
5-YearLowHigh1 star
10-Year--Not Rated
OverallLowHigh1 star
 
Category :  US Large-Cap Growth EquityClick here to see our Methodology
Volatility Measurements31/03/2025
 
3-Yr Std Dev30.23 %
3-Yr Mean Return7.20 %
 
3-Yr Sharpe Ratio0.10
 
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 Beta1.172.26
3-Yr Alpha-4.277.49
 
Investment Style Details28/02/2025
Morningstar Style Box®
Equity Style
SizeRel to Cat
Average Mkt Cap (Mil)GBP 75198-
Market Capitalisation% of Equity
Giant31.11
Large30.73
Medium33.97
Small4.19
Micro0.00
Valuations and Growth RatesEquity PortfolioRelative to Category
Price/Prospective Earnings38.531.33
Price/Book6.000.87
Price/Sales7.311.44
Price/Cash Flow23.321.19
Dividend-Yield Factor0.420.65
 
Long-Term Projected Earnings Growth23.971.88
Historical Earnings Growth12.170.67
Sales Growth11.001.05
Cash-Flow Growth11.670.64
Book-Value Growth14.591.09
 
Category: US Large-Cap Growth Equity
Asset Allocation28/02/2025
Asset Allocation
 % Long% Short% Net Assets
Stock89.630.0089.63
Bond0.000.000.00
Property0.000.000.00
Cash10.620.2510.37
Other0.000.000.00
World Regions28/02/2025
 % of EquityRelative to Category
United States73.910.77
Canada6.895.56
Latin America6.6111.30
United Kingdom1.083.99
Eurozone11.529.07
Europe - ex Euro0.000.00
Europe - Emerging0.00-
Africa0.00-
Middle East0.000.00
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 Cyclical27.441.78
Financial ServicesFinancial Services3.170.32
Real EstateReal Estate1.932.11
HealthcareHealthcare8.270.73
Communication ServicesCommunication Services13.031.05
IndustrialsIndustrials3.280.55
TechnologyTechnology42.881.11
 
Category: US Large-Cap Growth Equity
Top 10 Holdings28/02/2025
 Portfolio NEW
Total Number of Equity Holdings25
Total Number of Bond Holdings0
Assets in Top 10 Holdings56.37
NameSectorCountry% of Assets
Cloudflare Inc311United States9.19
DoorDash Inc Ordinary Shares - Class A308United States6.97
Shopify Inc Registered Shs -A- Subord... 311Canada6.17
Tesla Inc102United States6.09
MercadoLibre Inc102Brazil5.93
Roblox Corp Ordinary Shares - Class A308United States4.71
Snowflake Inc Ordinary Shares - Class A311United States4.65
CrowdStrike Holdings Inc Class A311United States4.51
MicroStrategy Inc Class A311United States4.08
Adyen NV311Netherlands4.07
 
Increase Decrease New since last portfolio
Category: US Large-Cap Growth Equity
 
Management
Name of CompanyMorgan Stanley Investment Management (ACD) Limited
Phone+(44 20) 7425 8000
Websitewww.morganstanley.com
Address25 Cabot Square, Canary Wharf
 London   E14 4QA
 United Kingdom
DomicileUnited Kingdom
Legal StructureOpen Ended Investment Company
UCITSYes
Inception Date16/09/2016
Fund Advisor(s)
Morgan Stanley Investment Management Ltd
Fund ManagerAlexander Norton
Manager Start Date16/09/2016
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 Date16/09/2016
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 Date16/09/2016
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 Date16/09/2016
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 Date16/09/2016
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 Date16/09/2016
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 Charge0.85%
Purchase Details
Minimum Investments
Initial-
Additional-
Savings-
Tax Free Savings Schemes
ISAsYes