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Morgan Stanley Global Sustain Fund

Investors can choose from two classes of units:

Solid return potential with ESG integration

The Morgan Stanley Global Sustain Fund offers a high-quality approach to ESG investing. The Fund has a low carbon impact and scores well on environmental, social and governance (ESG) factors, as measured by third parties, such as MSCI ESG, relative to broad equity indices such as the MSCI World Index.

Before making a decision about whether to make an investment in the Fund, please read the Fund’s Target Market Determination (TMD) and Product Disclosure Statement (PDS)(including all incorporated information) to ensure the features of the Fund as described in the TMD and PDS aligns with your objectives, financial situation and needs.

Monthly Fact Sheet
How to Invest

 

Morgan Stanley Global Sustain Fund has been certified by the Responsible Investment Association Australasia according to 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.

Morgan Stanley Global Sustain Fund Update – July 2024

Download your copy of the most recent Morgan Stanley Engage issue

Morgan Stanley Engage report - SPRING 2024

Investment strategy

The Fund invests primarily in a concentrated portfolio of equity securities of companies in the world’s developed countries. The Fund may from time to time also invest in equity securities of companies located in emerging markets, in debt securities convertible into equity securities, and other equity-linked securities.

The Sub-Manager seeks to identify high quality companies with sustainable and high returns on operating capital with dominant franchises, powerful intangible assets including brands, networks, licences and patents, and pricing power. The Sub-Manager also seeks to identify capable management teams able to allocate capital effectively to grow the franchise and sustain and/or improve the return on operating capital.

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 portfolio will exclude investments in any company that:
    1. as classified by the MSCI ESG Business Involvement Screening Research database (“MSCI ESG BISR database), has any tie to fossil fuels (such as oil, gas, or coal);
    2. has as its Global Industry Classification Standard (“GICS”) classification energy, construction materials, utilities (excluding renewable electricity and water utilities) and/or metals and mining; or
    3. for which greenhouse gas (GHG) emissions intensity estimates are not and/or cannot be estimated (in the Sub-Investment Manager’s discretion). The remaining companies will then be ranked according to their GHG emissions intensity estimates, and those with the highest emissions intensity excluded from the Reference Universe in accordance with the MSCI ESG BISR database and MSCI GICS classification. This process should collectively result in a reduction of the Reference Universe by at least 20%. The GHG emissions intensity reduction target of the strategy is to seek to be at least 50% lower than that of the Reference Universe on the basis of Scope 1 and Scope 2 emissions.
  • In addition to the exclusions set out in the preceding paragraph, the Sub-Investment Manager will not knowingly invest in any company whose core business activity (more than 10% of a company’s revenues) as classified by the MSCI ESG BISR database involves the following:
    1. Alcohol;
    2. Adult entertainment;
    3. Civilian firearms;
    4. Gambling; or
    5. Weapons.

The Sub-Investment Manager will exclude investments in all companies generating greater than 0% revenue as a ‘tobacco producer’ and further exclude any company that generates more than 5% of its revenue from tobacco-related business activities as classified by the MSCI ESG Business involvement Screening Research database. The Sub-Investment Manager will exclude investments in any company that has any tie to nuclear weapons and shall exclude investments in any company that is defined by the MSCI ESG Business Involvement Screening Research database to have any tie to controversial weapons. Where the portfolio holds securities in a company that, after the date of purchase, ceases to meet the requirement of this section “Investment and ESG related restrictions”, then such securities will be sold within a reasonable period taking into account the best interests of the portfolio.

Morgan Stanley Global Sustain Fund

At a Glance

APIR code ETL9199AU mFund code - Minimum investment $20,000 Management cost 1.18% Distributions per annum 1 Commencement date 29/06/2020 Asset class Equity Benchmark MSCI World (Net) Index
Investment objective 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. Annual report Download
Please refer to the current PDS, reference guide and TMD for further details including any additional fees that may be applicable.

Performance as at 31 October 2024. Powered by data from Financial Express. For funds with less than 5 yrs performance history, refer to fact sheet for since inception returns.

 
Performance
Performance 1M 3M 6M 1Y 3Y 5Y 7Y 10Y Entry Nav Exit Date History
MOREBACK
Fund Name 2.84% 1.87% 9.92% 23.55% 7.72% - - - $1.4209 $1.4181 $1.4153 19/11/2024

Morgan Stanley Global Sustain Fund (Hedged)

At a Glance

APIR code ETL5365AU mFund code - Minimum investment $20,000 Management cost 1.18% Distributions per annum 1 Commencement date 29/06/2020 Asset class Equity Benchmark MSCI World (Net) Index – hedged to AUD
Investment objective 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. Annual report Download
Please refer to the current PDS, reference guide and TMD for further details including any additional fees that may be applicable.

Performance as at 31 October 2024. Powered by data from Financial Express. For funds with less than 5 yrs performance history, refer to fact sheet for since inception returns.

 
Performance
Performance 1M 3M 6M 1Y 3Y 5Y 7Y 10Y Entry Nav Exit Date History
MOREBACK
Fund Name -2.03% 2.02% 10.08% 25.51% 2.13% - - - $1.3581 $1.3554 $1.3527 19/11/2024

HOW TO INVEST

Existing SGH or DMP investor with Apex investor number:

  1. Download and read PDS, reference guide and Target Market Determination (TMD).
  2. Complete additional investment form and send to Apex Fund Services Unit Registry.
  3. 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.

Not an existing SGH or DMP investor:

  1. Download and read PDS, reference guide and Target Market Determination (TMD).
  2. Submit application form online.

OR

  1. Download and read PDS, reference guide and Target Market Determination (TMD).
  2. Complete an application form and send to Apex Fund Services Unit Registry.

 

Fund Holdings

PDS

Reference Guide

Target Market Determintation (TMD)

Target Market Determintation (APIR ETL5365AU - HEDGED)

Online application portal

Application form

Additional investment form for existing investor

SWITCH FUNDS BETWEEN YOUR EXISTING ACCOUNT

1. Complete Switching Form – Morgan Stanley Global Sustain Fund Download
2. Send completed form to Apex Fund Services Unit Registry

RESEARCH RATINGS

Investment team

William Lock Managing Director, MSIM William is a portfolio manager and head of the London-based International Equity team. He joined Morgan Stanley in 1994 and… Bruno Paulson Managing Director, MSIM Bruno is a portfolio manager for the London-based International Equity team. He joined Morgan Stanley in 2009. Prior to joining… Marte Borhaug Portfolio Manager and Head of ESG for the International Equity Team Marte is a Portfolio Manager and Head of ESG for the International Equity team, based in London. She joined Morgan… Laura Bottega Managing Director, MSIM Laura is the COO and Head of Client Experience for the International Equity team. She is also a member of…

Funds Distribution team

Anthony Cochran Head of Distribution Matthew Potter Senior Investment Specialist Nick Simpson Business Intelligence & Data Manager

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.