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Name

As of 04/23/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Next Gen Emerging Markets Portfolio

MFMIX | Fund

$14.99

$32 M

1.34%

$0.20

2.30%

Vitals

YTD Return

1.6%

1 yr return

7.9%

3 Yr Avg Return

-11.2%

5 Yr Avg Return

-1.3%

Net Assets

$32 M

Holdings in Top 10

47.0%

52 WEEK LOW AND HIGH

$14.8
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 2.30%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 56.00%

Redemption Fee 2.00%

Min Investment

Standard (Taxable)

$1,000,000

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 04/23/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Next Gen Emerging Markets Portfolio

MFMIX | Fund

$14.99

$32 M

1.34%

$0.20

2.30%

MFMIX - Profile

Distributions

  • YTD Total Return 1.6%
  • 3 Yr Annualized Total Return -11.2%
  • 5 Yr Annualized Total Return -1.3%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio -0.11%
DIVIDENDS
  • Dividend Yield 1.3%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    Next Gen Emerging Markets Portfolio
  • Fund Family Name
    Morgan Stanley Funds
  • Inception Date
    Sep 17, 2012
  • Shares Outstanding
    N/A
  • Share Class
    I
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Steven Quattry

Fund Description

The Fund’s Adviser seeks to achieve the Fund’s investment objective by investing primarily in growth-oriented equity securities in emerging markets, which include frontier emerging markets.
The Adviser’s investment approach combines top-down macro and thematic allocation with bottom-up stock selection. The Adviser allocates the Fund’s assets among emerging markets, including frontier emerging markets, based on relative economic, political and social fundamentals, market valuations and investor sentiment. To manage risk, the Adviser emphasizes macroeconomic and fundamental research.
The investment process integrates information about environmental, social and governance issues (also referred to as ESG) when making investment decisions. The Adviser believes that monitoring ESG helps build a more complete picture of the opportunities and risks facing companies, and seeks to engage directly with company management to gain insights on how each company addresses material ESG issues and how these may affect long-term financial performance. The investment process excludes holdings in tobacco companies.
Under normal circumstances, at least 80% of the Fund’s assets will be invested in equity securities of companies operating in emerging market countries, which include frontier emerging market countries. This policy may be changed without shareholder approval; however, you would be notified upon 60 days’ notice in writing of any changes. Emerging market or developing countries are countries that major international financial institutions or the MSCI Emerging Markets Net Index generally consider to be less economically mature than developed nations, such as the United States or most nations in Western Europe. Emerging market or developing countries can include every nation in the world except the United States, Canada, Japan, Australia, New Zealand and most countries located in Western Europe.
The equity securities in which the Fund may primarily invest include common and preferred stocks, convertible securities, rights, warrants, depositary receipts, limited partnership interests and other specialty securities having equity features. The Fund may hold or have exposure to equity securities of companies of any size, including small and medium capitalization companies, and to companies
in any industry or sector. The Adviser generally considers selling a portfolio holding when it determines that the holding no longer satisfies its investment criteria.
The Fund invests primarily in equity securities of companies operating in frontier emerging market countries. The term “frontier emerging markets” refers to those emerging market countries outside the “mainstream” emerging markets, whose capital markets have traditionally been difficult for foreign investors to enter or are in early stages of capital market and/or economic development. Frontier emerging market countries include, among others, Albania, Algeria, Argentina, Bahrain, Bangladesh, Bolivia, Botswana, Brazil, Bulgaria, Chile, Colombia, Costa Rica, Cote d’Ivoire, Croatia, Czech Republic, Dominican Republic, Ecuador, Egypt, Estonia, Ethiopia, Georgia, Ghana, Greece, Guatemala, Guinea, Haiti, Honduras, Hungary, Iceland, Indonesia, Jamaica, Jordan, Kazakhstan, Kenya, Kuwait, Laos, Latvia, Lebanon, Lithuania, Malaysia, Mauritius, Mexico, Mongolia, Morocco, Mozambique, Namibia, Nigeria, Oman, Pakistan, Panama, Paraguay, Peru, Poland, Philippines, Qatar, Romania, Russia, Rwanda, Saudi Arabia, Serbia, Senegal, Slovenia, Slovakia, South Africa, Sri Lanka, Tanzania, Trinidad & Tobago, Thailand, Turkey, Turkmenistan, Ukraine, United Arab Emirates, Uganda, Uruguay, Uzbekistan, Vietnam, and Zambia. The countries within the “frontier emerging markets” universe, as well as the countries in which the Fund invests, may change from time to time.
For purposes of maintaining exposure of at least 80% of the Fund’s assets to equity securities of companies operating in emerging market countries, which include frontier emerging market countries, the Fund may also invest in American Depositary Receipts (“ADRs”), Global Depositary Receipts (“GDRs”) and other types of depositary receipts with respect to companies operating in emerging market countries, securities of other open- and closed-end investment companies, including exchange-traded funds (“ETFs”), and derivative instruments as described herein.
The Fund may, but it is not required to, use derivative instruments for a variety of purposes, including hedging, risk management, portfolio management or to earn income. The Fund’s use of derivatives may involve the purchase and sale of derivative instruments such as futures, swaps, contracts for difference (“CFDs”), structured investments and other related instruments and techniques. The Fund may utilize foreign currency forward exchange contracts, which are also derivatives, in connection with its investments in foreign securities. Derivative instruments used by the Fund will be counted toward the Fund’s 80% policy discussed above to the extent they have economic characteristics similar to the securities included within that policy.
Read More

MFMIX - Performance

Return Ranking - Trailing

Period MFMIX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.6% -9.6% 11.2% 44.99%
1 Yr 7.9% -9.4% 31.2% 56.31%
3 Yr -11.2%* -24.1% 7.4% 88.33%
5 Yr -1.3%* -7.8% 10.8% 93.04%
10 Yr -2.2%* -3.1% 6.2% 98.99%

* Annualized

Return Ranking - Calendar

Period MFMIX Return Category Return Low Category Return High Rank in Category (%)
2023 5.2% -6.5% 35.5% 82.90%
2022 -37.6% -50.1% -2.4% 96.50%
2021 15.3% -33.1% 22.5% 1.48%
2020 14.0% -22.1% 80.1% 62.13%
2019 9.3% -0.7% 42.0% 93.93%

Total Return Ranking - Trailing

Period MFMIX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.6% -9.6% 11.2% 44.99%
1 Yr 7.9% -9.4% 31.2% 56.31%
3 Yr -11.2%* -24.1% 7.4% 88.33%
5 Yr -1.3%* -7.8% 10.8% 93.04%
10 Yr -2.2%* -3.1% 6.2% 98.99%

* Annualized

Total Return Ranking - Calendar

Period MFMIX Return Category Return Low Category Return High Rank in Category (%)
2023 6.7% -2.7% 42.0% 83.85%
2022 -37.6% -42.2% 1.9% 97.90%
2021 15.3% -32.5% 33.1% 5.47%
2020 14.0% -20.0% 81.6% 69.86%
2019 12.5% 2.3% 42.0% 94.73%

NAV & Total Return History

MFMIX - Holdings

Concentration Analysis

MFMIX Category Low Category High MFMIX % Rank
Net Assets 32 M 682 K 103 B 87.27%
Number of Holdings 35 10 7049 97.86%
Net Assets in Top 10 15.1 M 118 K 19.2 B 84.32%
Weighting of Top 10 47.00% 0.7% 122.2% 8.99%

Top 10 Holdings

  1. FPT Corp 8.20%
  2. MercadoLibre Inc 4.69%
  3. Text SA 4.66%
  4. NAC Kazatomprom JSC 4.38%
  5. Medikaloka Hermina Tbk PT 4.35%
  6. Century Pacific Food Inc 4.31%
  7. 11 bit studios SA 4.28%
  8. Bank Mandiri Persero Tbk PT 4.18%
  9. Kaspi.KZ JSC 3.97%
  10. Grupa Kety SA 3.96%

Asset Allocation

Weighting Return Low Return High MFMIX % Rank
Stocks 		99.63% 0.00% 103.65% 9.25%
Cash 		0.99% -2.03% 99.29% 69.17%
Preferred Stocks 		0.00% 0.00% 10.09% 96.11%
Other 		0.00% -1.64% 50.31% 88.07%
Convertible Bonds 		0.00% 0.00% 7.40% 92.17%
Bonds 		0.00% 0.00% 94.30% 92.49%

Stock Sector Breakdown

Weighting Return Low Return High MFMIX % Rank
Technology 		29.34% 0.00% 47.50% 13.43%
Consumer Cyclical 		17.32% 0.00% 48.94% 14.25%
Basic Materials 		14.40% 0.00% 30.03% 5.56%
Communication Services 		13.27% 0.00% 39.29% 7.87%
Financial Services 		10.88% 0.00% 48.86% 94.57%
Consumer Defense 		6.65% 0.00% 25.90% 39.62%
Energy 		4.63% 0.00% 24.80% 45.32%
Healthcare 		3.50% 0.00% 16.53% 57.80%
Utilities 		0.00% 0.00% 39.12% 99.05%
Real Estate 		0.00% 0.00% 17.15% 98.78%
Industrials 		0.00% 0.00% 43.53% 99.86%

Stock Geographic Breakdown

Weighting Return Low Return High MFMIX % Rank
Non US 		78.28% 0.00% 100.18% 71.85%
US 		21.35% 0.00% 101.58% 16.62%

MFMIX - Expenses

Operational Fees

MFMIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.30% 0.03% 24.48% 14.13%
Management Fee 1.20% 0.00% 2.00% 94.23%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.08% 0.01% 0.85% 45.58%

Sales Fees

MFMIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

MFMIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 2.00% 1.00% 2.00% 86.67%

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

MFMIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 56.00% 0.00% 189.00% 61.18%

MFMIX - Distributions

Dividend Yield Analysis

MFMIX Category Low Category High MFMIX % Rank
Dividend Yield 1.34% 0.00% 10.26% 66.35%

Dividend Distribution Analysis

MFMIX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annually Quarterly Annual

Net Income Ratio Analysis

MFMIX Category Low Category High MFMIX % Rank
Net Income Ratio -0.11% -1.98% 17.62% 79.42%

Capital Gain Distribution Analysis

MFMIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Quarterly Annually

Distributions History

View More +

MFMIX - Fund Manager Analysis

Managers

Steven Quattry

Start Date

Tenure

Tenure Rank

Jan 25, 2019

3.35

3.4%

Jorge Chirino

Start Date

Tenure

Tenure Rank

Apr 23, 2021

1.1

1.1%

Jorge is an investor on the Global Emerging Markets team and a portfolio manager for the Next Gen Emerging Markets and EMEA strategies. He joined Morgan Stanley in 2007 and has 15 years of investment experience. Prior to this role, Jorge was an equity research analyst focused on Latin America financial institutions. Previously, he was research analyst in the long and short equity group at Aksia and assistant vice president of investments in the asset management division of BBVA Compass Investment Solutions. Jorge received a B.A. in economics from Instituto Tecnologico Autonomo De Mexico (ITAM) and an M.B.A in finance from Columbia Business School.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.09 33.71 6.54 13.42

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