Morningstar Fund Report  | 11/04/2025Print

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

Performance History31/03/2025
Growth of 1,000 (GBP) Advanced Graph
Morgan Stanley Funds (UK) - US Advantage Fund I Hedged Accumulation GBP
Fund-5.5-56.244.831.0-7.8
+/-Cat-----
+/-B’mrk-----
 
Category: Other Equity
Category Benchmark: -
Key Stats
NAV
10/04/2025		 GBP 12.71
Day Change 10.13%
Morningstar Category™ Other Equity
IA (formerly IMA) Sector North America
ISIN GB00BK0WFX38
Fund Size (Mil)
09/04/2025		 GBP 47.15
Share Class Size (Mil)
09/04/2025		 GBP 1.76
Max Initial Charge -
Ongoing Charge
17/02/2025		  0.85%
Investment Objective: Morgan Stanley Funds (UK) - US Advantage Fund I Hedged 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)10/04/2025
YTD-8.40
3 Years Annualised2.08
5 Years Annualised6.15
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
29/11/2019

Category Benchmark
Fund BenchmarkMorningstar Benchmark
S&P 500 TR GBP-
Portfolio Profile for  Morgan Stanley Funds (UK) - US Advantage Fund I Hedged 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 Hedged Accumulation GBP
Growth Of 1000 (GBP) 31/03/2025
Fund:  Morgan Stanley Funds (UK) - US Advantage Fund I Hedged Accumulation GBP
Category:  Other Equity
Category Index: 
Growth of 1,000 GBP
Annual Returns (GBP)31/03/2025
 2020202120222023202431/03
Price Return79.15-5.55-56.2544.7730.97-7.82
+/- Category------
+/- Category Index------
% Rank in Category-
Trailing Returns (GBP)10/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day10.13   --
1 Week0.29   --
1 Month-3.70   --
3 Months-9.18   --
6 Months10.10   --
YTD-8.40   --
1 Year14.42   --
3 Years Annualised2.08   --
5 Years Annualised6.15   --
10 Years Annualised-   --
 
Category: Other Equity
Category Index: 
Quarterly Returns (GBP)31/03/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
2025-7.82---
20247.69-7.848.4521.68
202315.9415.11-10.3621.01
2022-24.60-38.482.33-7.81
2021-5.7613.98-7.05-5.40
2020-5.6438.9017.3716.46
 
 
 
Morningstar Rating™(Relative to Category)-
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-Year--Not Rated
5-Year--Not Rated
10-Year--Not Rated
Overall--Not Rated
 
Category :  Other EquityClick here to see our Methodology
Volatility Measurements31/03/2025
 
3-Yr Std Dev31.90 %
3-Yr Mean Return5.59 %
 
3-Yr Sharpe Ratio0.05
 
Modern Portfolio Statistics-31/03/2025
 Standard IndexBest Fit Index
   FTSE Global CB TR USD
3-Yr Beta-2.75
3-Yr Alpha-4.57
 
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 Earnings38.532.47
Price/Book6.002.61
Price/Sales7.313.89
Price/Cash Flow23.322.39
Dividend-Yield Factor0.420.17
 
Long-Term Projected Earnings Growth23.972.38
Historical Earnings Growth12.171.82
Sales Growth11.002.17
Cash-Flow Growth11.671.64
Book-Value Growth14.594.58
 
Category: Other 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 States73.911.72
Canada6.890.94
Latin America6.615.61
United Kingdom1.080.12
Eurozone11.520.93
Europe - ex Euro0.000.00
Europe - Emerging0.000.00
Africa0.000.00
Middle East0.000.00
Japan0.000.00
Australasia0.000.00
Asia - Developed0.000.00
Asia - Emerging0.000.00
 
Category: Other Equity
Sector Weightings28/02/2025
 % of EquityRelative to Category
Consumer CyclicalConsumer Cyclical27.443.00
Financial ServicesFinancial Services3.170.20
Real EstateReal Estate1.930.74
HealthcareHealthcare8.271.00
Communication ServicesCommunication Services13.031.93
IndustrialsIndustrials3.280.28
TechnologyTechnology42.882.55
 
Category: Other 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: Other 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 Date29/11/2019
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