MSFAX Performance — Global Franchise Portfolio, Class I
Data updated: 2026-08-21
MSFAX returned −11.30% year to date and −17.05% over one year to Jun 2026. Annualised returns are +0.29% over 3 years and +0.71% over 5 years. The fund trailed its Global Large Growth category average: $100 invested three years ago grew to $101, against $157 for the category, and to $83 over one year, against $114. Volatility over the past three years was 11.70% a year. In the 12 months to Jun 2026 the fund lost a net $1.1B, and assets reached $1.02B.
MSFAX Growth of $100
What $100 invested in Global Franchise Portfolio grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Global Large Growth category average over the same months.
| Period | MSFAX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $83 | $114 |
| 3 years (Jul 2023 – Jun 2026) | $101 | $157 |
| 5 years (Jul 2021 – Jun 2026) | $104 | $141 |
| Since data start (Jul 2019 – Jun 2026) | $138 | $216 |
MSFAX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | −11.30% |
| 1 year | −17.05% |
| 3 years (annualised) | +0.29% |
| 5 years (annualised) | +0.71% |
MSFAX Annual Returns
Calendar-year total returns of Global Franchise Portfolio, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | −11.30% |
| 2025 | +0.22% |
| 2024 | +8.97% |
| 2023 | +16.41% |
| 2022 | −17.25% |
| 2021 | +21.93% |
| 2020 | +13.20% |
| 2019 (Jul–Dec) | +7.02% |
MSFAX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | −3.1% | −1.7% | −7.7% | +5.8% | −2.0% | −2.8% | — | — | — | — | — | — |
| 2025 | +5.3% | −0.1% | −1.9% | −0.1% | +4.0% | 0.0% | −1.5% | +0.2% | −1.9% | −3.1% | −0.3% | 0.0% |
| 2024 | +2.1% | +2.7% | 0.0% | −5.5% | +2.2% | +1.5% | +3.6% | +3.6% | +2.1% | −3.1% | +2.8% | −2.9% |
| 2023 | +4.6% | −3.8% | +5.7% | +3.3% | −3.5% | +5.5% | +1.0% | −0.5% | −5.4% | −1.8% | +8.4% | +2.9% |
| 2022 | −6.0% | −3.3% | +0.1% | −4.5% | +0.2% | −6.2% | +6.6% | −5.5% | −9.3% | +5.2% | +8.8% | −3.2% |
| 2021 | −2.6% | −0.3% | +4.3% | +5.3% | +0.7% | +2.3% | +2.9% | +0.9% | −3.9% | +6.1% | −2.6% | +7.7% |
| 2020 | +1.7% | −7.4% | −7.6% | +9.2% | +4.0% | +1.9% | +5.3% | +3.7% | −2.4% | −4.8% | +7.0% | +3.7% |
| 2019 | — | — | — | — | — | — | +0.2% | +0.5% | −0.6% | +0.8% | +3.1% | +3.0% |
MSFAX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 11.70%
- 3-year Sharpe ratio: -0.36 (vs 4.5% risk-free rate)
- Best month: +8.40% (Nov 2023)
- Worst month: −7.68% (Mar 2026)
MSFAX Fund Flows
Monthly money in and out of Global Franchise Portfolio, from SEC Form N-PORT.
- 12-month net flow: −$1.1B
- 12-month gross sales (incl. reinvestments): $481.7M
- Sales ÷ redemptions: 0.31×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $4.5M | $194.8M | −$190.3M |
| May 2026 | $6.9M | $92.1M | −$85.2M |
| Apr 2026 | $7.1M | $96.8M | −$89.7M |
| Mar 2026 | $7.6M | $127.2M | −$119.6M |
| Feb 2026 | $14.3M | $135.5M | −$121.2M |
| Jan 2026 | $27.4M | $147.7M | −$120.3M |
| Dec 2025 | $277.7M | $233.8M | $43.8M |
| Nov 2025 | $60.8M | $206.9M | −$146.1M |
| Oct 2025 | $22.9M | $100.5M | −$77.6M |
| Sep 2025 | $28.6M | $128.9M | −$100.4M |
| Aug 2025 | $11.3M | $51.2M | −$39.9M |
| Jul 2025 | $12.7M | $35.7M | −$23.0M |
MSFAX Assets Under Management
Net assets of Global Franchise Portfolio by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $1.02B |
| 2026-03-31 | $1.37B |
| 2025-12-31 | $1.94B |
| 2025-09-30 | $2.45B |
| 2025-06-30 | $2.69B |
| 2025-03-31 | $2.71B |
| 2024-12-31 | $2.76B |
| 2024-09-30 | $2.92B |
| 2024-06-30 | $2.78B |
| 2024-03-31 | $2.98B |
| 2023-12-31 | $2.93B |
| 2023-09-30 | $2.75B |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.