MBIIX — Global Franchise Portfolio
Data updated: 2023-08-25
MBIIX — Global Franchise Portfolio. Global (incl. US) Growth Equity · $29.11M AUM · 1.20% expense ratio. Holdings, fees, performance and SEC filings.
MBIIX Fund Overview
MBIIX — Global Franchise Portfolio is a US mutual fund managed by Morgan Stanley Variable Insurance Fund Inc., categorised as Global (incl. US) Growth Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Morgan Stanley Variable Insurance Fund Inc.
- Category: Global (incl. US) Growth Equity
- Assets under management: $29.11M
- 1-year return: 13.0%
- Ticker: MBIIX
- SEC CIK: 0001011378
- SEC series ID: S000004178
- Share class ID: C000011760
MBIIX Investment Objective and Strategy
Global Franchise Portfolio describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Morgan Stanley Variable Insurance Fund Inc..
Investment objective
The Fund seeks long-term capital appreciation.
Principal investment strategy
"The Adviser and the Fund's ""Sub-Adviser,"" Morgan Stanley Investment Management Limited (""MSIM Limited""), seek long-term capital appreciation by investing primarily in equity securities of issuers located throughout the world that it believes have, among other things, resilient business franchises and growth potential. Under normal market conditions, the Fund invests in securities of issuers from at least three different countries, which may include the United States. The Fund's investment process focuses on the sustainability and direction of a company's long term returns on capital. Environmental, social and governance (ESG) considerations are a fundamental and integrated part of this process, as the Sub-Adviser believes material weaknesses in any of the ESG areas can potentially threaten the long-term sustainability of a company's returns on capital.
The Adviser and/or Sub-Adviser rely on their research capabilities, analytical resources and judgment to identify and monitor franchise businesses meeting its investment criteria. The Adviser and/or Sub-Adviser believe that the number of issuers with strong business franchises meeting its criteria may be limited and, accordingly, the Fund may concentrate its holdings in a relatively small number of companies and may invest up to 25% of its net assets in a single issuer. The Fund may also invest in the equity securities of any size company. The Fund's equity investments may include convertible securities. The Adviser and/or Sub-Adviser generally consider selling a portfolio holding when they determine that the holding no longer satisfies their investment criteria or that replacing the holding with another investment should improve the Fund's valuation and/or quality.
The Fund may utilize foreign currency forward exchange contracts, which are derivatives, in connection with its investments in foreign securities."
MBIIX Performance
Total returns for MBIIX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 13.0% |
| 3 years (annualised) | 8.0% |
MBIIX Risk Information
Risk metrics for MBIIX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 20.3%
MBIIX Costs and Fees
MBIIX costs about $120 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.20%
- Gross expense ratio: 1.87%
- Portfolio turnover: 14%
- Brokerage commissions: 0.50 bps of average net assets (SEC N-CEN)
MBIIX Cashflows
Over the 12 months to 2023-06, Global Franchise Portfolio had net outflows of $321.39K, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2023-06 | −$335.75K |
| 2023-05 | −$116.36K |
| 2023-04 | −$260.51K |
| 2023-03 | −$474.95K |
| 2023-02 | −$159.38K |
| 2023-01 | −$308.98K |
MBIIX Debt Constituents
No individual debt constituents are reported in Global Franchise Portfolio's latest SEC N-PORT filing.
MBIIX Prospectus and SEC Filings
Official Global Franchise Portfolio filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2023-04-21
- Prospectus (485BPOS) — filed 2022-04-19
- Prospectus (485BPOS) — filed 2021-04-21
- Portfolio holdings (N-PORT) — filed 2023-08-25
- Portfolio holdings (N-PORT) — filed 2023-05-26
- Portfolio holdings (N-PORT) — filed 2023-02-27
- Annual census (N-CEN) — filed 2023-03-14
- Annual census (N-CEN) — filed 2022-03-11
Related Funds
Other Global (incl. US) Growth Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.