MS Global Franchise Portfolio

MS Global Franchise Portfolio | MSFAX

Mutual Fund
Morgan Stanley Institutional Global Franchise Port
Last update 2025-05-29 37 Stocks (1 new)
Value $2.66 Bil Turnover 5 %
Countries:

MS Global Franchise Portfolio Profile

Morgan Stanley Institutional Fund Global Franchise Portfolio Class I (MSFAX) was established on 11/28/2001. The fund is managed by an investment team.

MS Global Franchise Portfolio Investing Philosophy

The team follows a distinct and disciplined investment process based on bottom-up stock selection, with sector, industry and stock weightings driven by the team's assessment of each stock's quality and valuation characteristics.
(1) Investable universe: Companies are screened based on financial metrics that the team believes are associated with strong franchise businesses. The key financial characteristic of these companies is that they enjoy sustainable, high unlevered return on invested capital (ROIC), which is generated by a combination of recurring revenues, high gross margins and low capital intensity. This combination helps support strong free cash flow generation, which, crucially, must be either reinvested at similarly high returns or distributed to shareholders.
(2) Security selection: The team looks for high-quality businesses with the following characteristics: difficult-to-duplicate intangible assets that protect the durability of the franchise; a sustainable, high ROIC on an unlevered basis; high gross margins and low capital intensity; a reliably recurring revenue stream; and financial strength and capable management. The team monitors signs of franchise abuse, including failing to reinvest capital in high ROIC businesses, preventing compounding by retaining excessive cash and earnings per share targets having precedence over ROIC, which rewards short-sighted behavior.
MS Global Franchise Portfolio Top Holdings of 2025-03-31 View Full List
Ticker
Company
Shares
Value ($1000)
Shares Change %
Weighting %
Trade Impact %
% of Shares outstanding
3M Change %
YTD Change %
Market Cap $Mil
Industry
MSFT
Microsoft Corp
519,213
194,907.4
+1.50%
7.320
+0.11%
0.010
+32.15%
+21.67%
3,797,138.0
Software
XTER:SAP
SAP SE
696,267
186,564.5
-14.59%
7.010
-1.07%
0.060
+3.89%
+6.26%
290,305.8
Software
V
Visa Inc
506,257
177,422.8
-12.51%
6.660
-0.84%
0.030
+5.61%
+12.38%
691,480.5
Credit Services
AON
Aon PLC
295,563
117,956.2
-5.31%
4.430
-0.22%
0.140
-2.11%
-0.32%
77,006.3
Insurance
XPAR:OR
L'Oreal SA
308,193
114,553.1
-5.31%
4.300
-0.22%
0.060
+1.93%
+11.67%
199,832.9
Consumer Packaged Goods
ACN
Accenture PLC
326,425
101,857.7
+1.06%
3.820
+0.04%
0.050
-2.85%
-18.78%
175,463.8
Software
AJG
Arthur J. Gallagher & Co
260,470
89,924.7
+16.25%
3.380
+0.47%
0.100
-6.59%
+9.31%
79,135.7
Insurance
KO
Coca-Cola Co
1,252,612
89,712.1
-5.31%
3.370
-0.16%
0.030
-4.04%
+12.60%
297,424.8
Beverages - Non-Alcoholic
PG
Procter & Gamble Co
522,052
88,968.1
-5.31%
3.340
-0.18%
0.020
+0.23%
-3.45%
372,336.7
Consumer Packaged Goods
UNH
UnitedHealth Group Inc
169,478
88,764.1
+7.49%
3.330
+0.23%
0.020
-33.87%
-44.30%
252,711.2
Healthcare Plans

MS Global Franchise Portfolio's Historical Top Holdings Breakdowns

MS Global Franchise Portfolio's Top Stock Picks View Full List
Ticker
Company
Date
Action
Impact %
Price Range
Price
Price Change from Avrg%
Comment
Current Shares
Share Change
STZ
Constellation Brands Inc
2025-03-31
Sold Out
Sold Out
-2.51%
161.05 ($181.67) 222.93
$175.64
-3.32%
Sold Out
0
-310,628
XPAR:RI
Pernod Ricard SA
2025-03-31
Sold Out
Sold Out
-1.71%
91.26 (€102.14) 111.7
€95.42
-6.58%
Sold Out
0
-413,480
SPGI
S&P Global Inc
2025-03-31
Add
Add
+1.51%
478.26 ($510.97) 543.77
$530.85
3.89%
Add 127.29%
141,286
79,125
ORCL
Oracle Corp
2025-03-31
New Buy
New Buy
+1.31%
139.81 ($162.81) 186.47
$242.83
49.15%
New holding
249,682
249,682
XTER:SAP
SAP SE
2025-03-31
Reduce
Reduce
-1.07%
234.85 (€258.38) 280.3
€248.85
-3.69%
Reduce -14.59%
696,267
-118,897
BKNG
Booking Holdings Inc
2025-03-31
Add
Add
+0.98%
4295.4 ($4781.72) 5141.88
$5,650.00
18.16%
Add 50.57%
16,810
5,646
ABT
Abbott Laboratories
2025-03-31
Reduce
Reduce
-0.95%
111.1 ($127.27) 140.22
$125.64
-1.28%
Reduce -29.56%
549,162
-230,499
V
Visa Inc
2025-03-31
Reduce
Reduce
-0.84%
306.92 ($338.38) 362.71
$353.97
4.61%
Reduce -12.51%
506,257
-72,390
CME
CME Group Inc
2025-03-31
Reduce
Reduce
-0.59%
225.82 ($246.67) 266.54
$277.18
12.37%
Reduce -20.75%
266,236
-69,719
AJG
Arthur J. Gallagher & Co
2025-03-31
Add
Add
+0.47%
275.89 ($315.87) 345.24
$309.06
-2.16%
Add 16.25%
260,470
36,401

MS Global Franchise Portfolio Total Holding History ($B)

To

MS Global Franchise Portfolio's Asset Allocation

To

MS Global Franchise Portfolio Past Portfolios

Portfolio Date Number of Stocks New Stocks Total Value ($Mil) Q/Q Turnover

Top Ranked Articles

  • 1

MS Global Franchise Portfolio's Hypothetical Growth since 2025-03-31

MS Global Franchise Portfolio's Yearly Returns

Year Portfolio % % Excess Gain %

MS Global Franchise Portfolio's Holdings Heat Map

Size field:

MS Global Franchise Portfolio's Holdings Bubble Chart

MS Global Franchise Portfolio News

  • 1

Discussions on MS Global Franchise Portfolio

No discussions yet.