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Name

As of

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

Morgan Stanley U.S. Government Securities Trust

USGBX |

-

$384 M

-

0.94%

Vitals

YTD Return

0.0%

1 yr return

2.7%

3 Yr Avg Return

-0.3%

5 Yr Avg Return

-0.7%

Net Assets

$384 M

Holdings in Top 10

31.4%

52 WEEK LOW AND HIGH

N/A
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.94%

SALES FEES

Front Load N/A

Deferred Load 5.00%

TRADING FEES

Turnover 159.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$1,000

IRA

$1,000

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of

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

Morgan Stanley U.S. Government Securities Trust

USGBX |

-

$384 M

-

0.94%

USGBX - Profile

Distributions

  • YTD Total Return 0.0%
  • 3 Yr Annualized Total Return -0.3%
  • 5 Yr Annualized Total Return -0.7%
  • Capital Gain Distribution Frequency Semi-Annually
  • Net Income Ratio 3.04%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Morgan Stanley U.S. Government Securities Trust
  • Fund Family Name
    Morgan Stanley
  • Inception Date
    Jun 29, 1984
  • Shares Outstanding
    N/A
  • Share Class
    B
  • Currency
    USD
  • Domiciled Country
    United States

Fund Description

The Fund normally invests at least 80% of its net assets in a portfolio of U.S. government securities. This policy may be changed without shareholder approval; however, you would be notified upon 60 days’ notice in writing of any changes. In making investment decisions, the Adviser considers economic developments, interest rate trends and other factors. The U.S. government securities that the Fund may purchase include: U.S. Treasury bills, notes and bonds, all of which are direct obligations of the U.S. Government; securities (including mortgage-backed securities) issued by agencies and instrumentalities of the U.S. Government which are backed by the full faith and credit of the United States; securities (including mortgage-backed securities) issued by agencies and instrumentalities which are not backed by the full faith and credit of the United States, but whose issuing agency or instrumentality has the right to borrow, to meet its obligations, from the U.S. Treasury; securities issued by agencies and instrumentalities which are backed solely by the credit of the issuing agency or instrumentality; municipal securities; and securities guaranteed by the U.S. Government or its agencies and instrumentalities or securities supported by the U.S. Government in some other way, such as the discretionary authority of the U.S. Government to purchase certain obligations of the agency or instrumentality. The Fund’s investments may include zero coupon securities, which are purchased at a discount and generally accrue interest, but make no payment until maturity.
The mortgage-backed securities in which the Fund may invest include mortgage pass-through securities, commercial mortgage-backed securities (“CMBS”), collateralized mortgage obligations (“CMOs”), stripped mortgage-backed securities (“SMBS”) and inverse floating rate obligations (“inverse floaters”). In addition, the Fund may invest in to-be-announced pass-through mortgage securities, which settle on a delayed delivery basis (“TBAs”). The Fund may also invest in asset-backed securities. The Fund may invest in restricted and illiquid securities.
The Fund may, but it is not required to, use derivative instruments for risk management purposes. The Fund’s use of derivatives may involve the purchase and sale of derivative instruments such as futures, options, swaps and other related instruments and techniques. These derivative instruments 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.
The Fund is not a money market fund, does not seek to maintain a stable NAV and does not qualify for the tax relief afforded to money market funds by the U.S. Treasury.
Read More

USGBX - Performance

Return Ranking - Trailing

Period USGBX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.0% -9.7% 328.0% 94.04%
1 Yr 2.7% -9.0% 319.7% 77.27%
3 Yr -0.3%* -3.5% 63.1% 95.64%
5 Yr -0.7%* -3.8% 34.0% 93.80%
10 Yr 0.2%* -2.3% 15.7% 67.80%

* Annualized

Return Ranking - Calendar

Period USGBX Return Category Return Low Category Return High Rank in Category (%)
2023 2.6% -1.3% 8.0% 95.64%
2022 -3.0% -9.4% 2.7% 37.99%
2021 -0.1% -2.2% 8.1% 95.06%
2020 -0.2% -22.1% 192.8% 79.58%
2019 -2.2% -12.2% -0.4% 30.35%

Total Return Ranking - Trailing

Period USGBX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.0% -9.7% 328.0% 94.04%
1 Yr 2.7% -9.0% 319.7% 77.27%
3 Yr -0.3%* -2.7% 63.1% 95.93%
5 Yr -0.7%* -2.3% 34.7% 94.53%
10 Yr 0.2%* -2.3% 16.3% 87.80%

* Annualized

Total Return Ranking - Calendar

Period USGBX Return Category Return Low Category Return High Rank in Category (%)
2023 2.6% -1.2% 8.1% 96.15%
2022 -3.0% -6.0% 3.9% 58.38%
2021 -0.1% -2.2% 8.4% 95.99%
2020 -0.2% -22.1% 204.3% 88.73%
2019 -2.2% -12.2% 3.7% 55.64%

USGBX - Holdings

Concentration Analysis

USGBX Category Low Category High USGBX % Rank
Net Assets 384 M 3.16 M 288 B 67.46%
Number of Holdings 619 10 18320 50.12%
Net Assets in Top 10 91.3 M -1.2 B 39.4 B 65.54%
Weighting of Top 10 31.36% 4.7% 100.0% 40.15%

Top 10 Holdings

  1. Us 5yr Note (Cbt) Jun19 Xcbt 20190628 6.01%
  2. US 10 Year Ultra Future June19 5.11%
  3. Israel (State Of) 5.5% 3.73%
  4. Federal National Mortgage Association 3.5% 3.30%
  5. United States Treasury Notes 1% 2.76%
  6. Tennessee Valley Authority 7.12% 2.63%
  7. Federal Home Loan Mortgage Corporation 2.37% 2.34%
  8. Tennessee Valley Authority 5.25% 2.07%
  9. MISSOURI ST HWYS & TRANS COMMN ST RD REV 5.44% 1.71%
  10. LOS ANGELES CALIF UNI SCH DIST 5.75% 1.70%

Asset Allocation

Weighting Return Low Return High USGBX % Rank
Bonds 		96.49% -67.87% 203.55% 30.77%
Cash 		3.51% -104.98% 173.81% 56.14%
Stocks 		0.00% 0.00% 12.20% 99.52%
Preferred Stocks 		0.00% 0.00% 79.92% 99.52%
Other 		0.00% -7.84% 7.38% 93.49%
Convertible Bonds 		0.00% 0.00% 4.38% 100.00%

Bond Sector Breakdown

Weighting Return Low Return High USGBX % Rank
Securitized 		62.37% 0.00% 90.91% 2.89%
Government 		18.16% 0.00% 84.96% 58.55%
Municipal 		11.10% 0.00% 27.42% 2.89%
Corporate 		4.32% 0.00% 84.33% 95.18%
Cash & Equivalents 		4.06% 0.00% 60.23% 62.17%
Derivative 		0.00% -0.83% 26.28% 99.28%

Bond Geographic Breakdown

Weighting Return Low Return High USGBX % Rank
US 		91.43% -68.10% 239.68% 16.87%
Non US 		5.06% -140.55% 78.28% 80.72%

USGBX - Expenses

Operational Fees

USGBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.94% 0.01% 18.96% 43.78%
Management Fee 0.42% 0.00% 0.96% 70.74%
12b-1 Fee 0.24% 0.00% 1.00% 16.97%
Administrative Fee 0.08% 0.01% 0.50% 52.21%

Sales Fees

USGBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.50% 4.75% N/A
Deferred Load 5.00% 1.00% 5.00% 4.26%

Trading Fees

USGBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

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.

USGBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 159.00% 3.00% 449.00% 60.44%

USGBX - Distributions

Dividend Yield Analysis

USGBX Category Low Category High USGBX % Rank
Dividend Yield 0.00% 0.00% 3.41% 1.20%

Dividend Distribution Analysis

USGBX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Semi-Annually Monthly Monthly

Net Income Ratio Analysis

USGBX Category Low Category High USGBX % Rank
Net Income Ratio 3.04% 0.45% 10.54% 19.80%

Capital Gain Distribution Analysis

USGBX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Semi-Annually Annually Annually Annually

Distributions History

View More +

USGBX - Fund Manager Analysis

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 31.68 6.61 4.46

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