Morgan Stanley Global Quality Select Fund
The Morgan Stanley Global Quality Select Fund is a global equity fund focused on high-quality companies with integrated environmental, social, and governance (ESG) considerations.
Fund overview
The Morgan Stanley Global Quality Select Fund is an actively managed global equity fund, investing in the highest quality global companies that exhibit strong environmental, social and governance (ESG) characteristics and maintain low carbon footprints.
Investors can choose from the following two fund classes, each providing access to a global quality equity strategy with ESG integration:
- Morgan Stanley Global Quality Select Fund (APIR code: ETL9199AU)
- Morgan Stanley Global Quality Select Fund (Hedged) (APIR code: ETL5365AU)
Before deciding whether to invest, investors should carefully read the Fund’s Target Market Determination (TMD) and Product Disclosure Statement (PDS), including all incorporated information. Investors should ensure the Fund’s features, risks, and investment approach, as described in the TMD and PDS, align with their investment objectives, financial situation, and needs.
Fund overview
Fund update
Morgan Stanley Global Quality Select Fund
The Morgan Stanley Global Quality Select Fund offers a high-quality global equity approach with integrated environmental, social, and governance (ESG) considerations. The Fund targets companies with strong business fundamentals while maintaining a lower carbon footprint and favourable ESG profile relative to broad global equity benchmarks.
Based on assessments by independent third-party providers, including MSCI ESG, the Fund scores well on ESG metrics compared with major indices such as the MSCI World Index. This strategy is hedged to AUD.
At a glance
Performance
Performance as at 31 August 2026. Powered by data from Financial Express. For funds with less than 5 yrs performance history, refer to fact sheet for since inception returns.
| 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y | ENTRY | NAV | EXIT | DATE | HISTORY |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1.91% | 6.32% | 4.66% | -7.56% | 4.14% | 3.57% | - | - | $1.3578 | $1.3551 | $1.3524 | 31/08/2026 |
Morgan Stanley Global Quality Select Fund (Hedged)
The Fund seeks an attractive long-term rate of return. It will seek to achieve its investment objective by investing in a concentrated portfolio (25 to 50 stocks) of what the Sub-Investment Manager believes to be high quality, dominant franchises characterised by sustainable and high returns on operating capital, powerful intangible assets including brands, networks, licenses and patents, and pricing power. The Sub-Investment manager seeks to identify high-quality companies with capable management teams able to allocate capital effectively to grow the franchise and sustain and/or improve the return on operating capital. As an essential and integrated part of the investment process, the Sub Investment manager seeks to engage with management teams to assess relevant factors material to long term sustainable returns including ESG factors.
At a glance
Performance
Performance as at 31 August 2026. Powered by data from Financial Express. For funds with less than 5 yrs performance history, refer to fact sheet for since inception returns.
| 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y | ENTRY | NAV | EXIT | DATE | HISTORY |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 4.05% | 6.65% | 6.33% | 2.08% | 6.83% | 2.48% | - | - | $1.2940 | $1.2914 | $1.2888 | 31/08/2026 |
Morgan Stanley Global Quality Select Fund has been certified by the Responsible Investment Association Australasia, meeting the strict operational and disclosure practices required under the Responsible Investment Certification Program. See www.responsiblereturns.com.au for details.1
1. The Responsible Investment Certification Program does not constitute financial product advice. Neither the Certification Symbol nor RIAA recommends to any person that any financial product is a suitable investment or that returns are guaranteed. Appropriate professional advice should be sought prior to making an investment decision. RIAA does not hold an Australian Financial Services Licence.
Investment Strategy
The Fund invests primarily in a concentrated portfolio of equity securities issued by companies in developed markets worldwide. From time to time, the Fund may also invest in equities of emerging market companies, convertible debt securities, and other equity-linked instruments, where these are consistent with the investment strategy.
The Sub-Manager seeks to identify high-quality businesses capable of generating sustainable and superior returns on operating capital. Target companies typically possess dominant market franchises, supported by durable competitive advantages and powerful intangible assets, such as brands, networks, licences, and patents, as well as pricing power.
In addition, the Sub-Manager focuses on companies with strong and capable management teams that demonstrate the ability to allocate capital effectively, with the objective of growing the franchise and maintaining or enhancing returns on operating capital over the long term.
Investment Parameters
The following guidelines will be used when selecting investments for the Fund:
- The Fund will hold equity and equity related securities which are traded, listed or due to be listed on recognised exchanges throughout the world
- The portfolio will typically hold between 25 to 50 securities
- A maximum of 10% of the portfolio may be invested in any one company.
- The portfolio will not purchase more than 10% of the outstanding securities of any one company.
- A maximum of 10% of the portfolio may be invested in unlisted securities
(Note: Percentage restrictions apply at the date of purchase of the relevant security) - The international currency exposure of the Morgan Stanley Global Sustain Fund (Hedged) will be hedged back to the Australian dollar.
Investment and ESG related restrictions
The following investment and portfolio construction guidelines apply to the Fund:
- The Fund may invest in equity and equity-related securities that are traded, listed, or expected to be listed on recognised stock exchanges worldwide
- The portfolio will typically comprise 25 to 50 securities, reflecting a concentrated global equity strategy
- No more than 10% of the portfolio may be invested in any single company
- The Fund will not acquire more than 10% of the outstanding securities of any one company
- A maximum of 10% of the portfolio may be invested in unlisted securities
- All percentage limits apply at the time of purchase of the relevant security
- For the Morgan Stanley Global Sustain Fund (Hedged), international currency exposure is hedged back to the Australian dollar (AUD).
At a glance - Investment Objectives
APIR Code: ETL9199AU
mFund Code: –
Commencement Date: 29/06/2020
MSCI World (Net) Index
Investment & ESG Related Restrictions
The portfolio will exclude investments in any company that, as classified by the MSCI ESG Business Involvement Screening Research (BISR) database:
- Has any involvement in fossil fuels, including oil, gas, or coal
- Is classified under the Global Industry Classification Standard (GICS) as Energy, Construction Materials, Utilities (excluding renewable electricity and water utilities), and/or Metals and Mining
- Does not have, or cannot have, greenhouse gas (GHG) emissions intensity estimates calculated, at the Sub-Investment Manager’s discretion
Following these initial exclusions, the remaining companies within the Reference Universe are ranked by GHG emissions intensity. Companies with the highest emissions intensity are excluded in accordance with the MSCI ESG BISR database and MSCI GICS classifications. This process is designed to collectively reduce the Reference Universe by at least 20%.
The strategy targets a GHG emissions intensity at least 50% lower than that of the Reference Universe, based on Scope 1 and Scope 2 emissions.
Investment Parameters
The following guidelines will be used when selecting investments for the Fund:
- The Fund will hold equity and equity related securities which are traded, listed or due to be listed on recognised exchanges throughout the world
- The portfolio will typically hold between 25 to 50 securities
- A maximum of 10% of the portfolio may be invested in any one company.
- The portfolio will not purchase more than 10% of the outstanding securities of any one company.
- A maximum of 10% of the portfolio may be invested in unlisted securities
(Note: Percentage restrictions apply at the date of purchase of the relevant security) - The international currency exposure of the Morgan Stanley Global Sustain Fund (Hedged) will be hedged back to the Australian dollar.
In addition to the exclusions outlined above, the Sub-Investment Manager will not knowingly invest in any company where more than 10% of revenues (as classified by the MSCI ESG BISR database) are derived from the following activities:
- Alcohol
- Adult entertainment
- Civilian firearms
- Gambling
- Weapons
- The portfolio will also exclude:
- Any company generating greater than 0% of revenue as a tobacco producer
- Any company generating more than 5% of revenue from tobacco-related business activities
- Any company with any involvement in nuclear weapons
- Any company identified by the MSCI ESG BISR database as having ties to controversial weapons
- Where the portfolio holds securities in a company that subsequently ceases to meet the above Investment and ESG-related restrictions, such securities will be sold within a reasonable period, taking into account the best interests of the portfolio.
Research
The Zenith Investment Partners (ABN 27 103 132 672, AFS Licence 226872) (“Zenith”) rating (ETL0062AU assigned June 2026) referred to in this piece is limited to “General Advice” (s766B Corporations Act 2001) for Wholesale clients only. This advice has been prepared without taking into account the objectives, financial situation or needs of any individual, including target markets of financial products, where applicable, and is subject to change at any time without prior notice. It is not a specific recommendation to purchase, sell or hold the relevant product(s). Investors should seek independent financial advice before making an investment decision and should consider the appropriateness of this advice in light of their own objectives, financial situation and needs. Investors should obtain a copy of, and consider the PDS or offer document before making any decision and refer to the full Zenith Product Assessment available on the Zenith website. Past performance is not an indication of future performance. Zenith usually charges the product issuer, fund manager or related party to conduct Product Assessments. Full details regarding Zenith’s methodology, ratings definitions and regulatory compliance are available on our Product Assessments and at https://www.zenithpartners.com.au/our-solutions/investment-research/regulatory-guidelines/. The rating issued for (APIR ETL9199AU and ETL5365AU— March 2026). The report that included the rating was published by Lonsec Research Pty Ltd ABN 11 151 658 561 AFSL 421 445 (Lonsec). Lonsec receives a fee from fund managers for the preparation of reports. The report / rating is general advice only. An investor should be aware that: a) the advice has been prepared without taking into account an investors’ objectives, financial situation or needs; b) an investor should consider the appropriateness of the advice having regard to their own objectives, financial situation or needs before acting on the advice; and c) an investor should obtain a PDS relating to the product, consider the PDS and seek independent financial advice before making any decision about whether to acquire the product. The rating is not a recommendation to purchase, sell or hold any product. Past performance is not a reliable indicator of future Performance. Ratings are prepared based on information available at the time of preparation and may be subject to change by Lonsec without notice. Visit lonsec.com.au for important documents (FSG, Conflicts Statement). © 2026 Lonsec. All rights reserved.
Investment Team
Marte Borhaug
William Lock
Bruno Paulson
Funds Distribution Team
Our team is responsible for the retail distribution and marketing for our funds and have expertise with Financial Advisers, platforms and researchers. Our team of industry professionals have extensive knowledge and resources to support you and your clients with tailored investment solutions. Contact them today to discuss our funds in more detail.
Anthony Cochran
Fiona Lamb
Alastair McKibbin
Matthew Potter
Nick Simpson
Jason Smit
Investment Guides & Information
- Download and read PDS, reference guide and Target Market Determination (TMD).
- Complete additional investment form and send to Apex Fund Services Unit Registry.
- If using BPAY® no form is required. BPAY® Biller Code is 349787 or 349795 (Hedged). You will need your Customer Reference Number (CRN) which you received from Apex Fund Services.
Please contact Apex Fund Services at 1300 133 451 if you require assistance.
- Download and read PDS, reference guide and Target Market Determination (TMD).
- Submit application form online.
OR
- Download and read PDS, reference guide and Target Market Determination (TMD).
- Complete an application form and send to Apex Fund Services Unit Registry.
Investment Guides & Information
- Download and read PDS, reference guide and Target Market Determination (TMD).
- Complete additional investment form and send to Apex Fund Services Unit Registry.
- If using BPAY® no form is required. BPAY® Biller Code is 349787 or 349795 (Hedged). You will need your Customer Reference Number (CRN) which you received from Apex Fund Services.
Please contact Apex Fund Services at 1300 133 451 if you require assistance.
- Download and read PDS, reference guide and Target Market Determination (TMD).
- Submit application form online.
OR
- Download and read PDS, reference guide and Target Market Determination (TMD).
- Complete an application form and send to Apex Fund Services Unit Registry.
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