MRJAX: Morgan Stanley Real Assets A

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MRJAX Morgan Stanley Real Assets A


Profile

MRJAX - Profile

Vitals

  • YTD Return -12.6%
  • 3 Yr Annualized Return N/A
  • 5 Yr Annualized Return N/A
  • Net Assets $13.3 M
  • Holdings in Top 10 23.7%

52 WEEK LOW AND HIGH

$9.20
$7.73
$10.79

Expenses

OPERATING RELATED FEES

  • Expense Ratio 7.63%

SALES FEES

  • Front Load 5.25%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 65.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $1,000
  • IRA N/A

Fund Classification

  • Primary Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style World Allocation

Distributions

  • YTD Total Return -12.6%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 1.46%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    Morgan Stanley Real Assets Portfolio
  • Fund Family Name
    Morgan Stanley
  • Inception Date
    Jun 18, 2018
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Ryan Meredith

Fund Description

Under normal circumstances, at least 80% of the fund's assets will be invested in "real assets." Real assets may include publicly-traded real estate ("REITs" and "REOCs"), publicly-traded infrastructure companies, equities, including natural resource related equities, commodity-linked investments (including exposure to precious metals), "MLPs", "TIPS" and other fixed income securities. The fund may use certain derivatives for the purposes of hedging, risk management, portfolio management or to earn income.


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Categories

Performance

MRJAX - Performance

Return Ranking - Trailing

Period MRJAX Return Category Return Low Category Return High Rank in Category (%)
YTD -12.6% -28.4% 790.0% 91.76%
1 Yr -7.7% -29.9% 867.4% 85.54%
3 Yr N/A* -24.4% 10.3% N/A
5 Yr N/A* -16.3% 6.1% N/A
10 Yr N/A* -6.7% 9.7% N/A

* Annualized

Return Ranking - Calendar

Period MRJAX Return Category Return Low Category Return High Rank in Category (%)
2019 16.2% -28.6% 27.8% 13.76%
2018 N/A -93.5% 10.9% N/A
2017 N/A -9.1% 19.3% N/A
2016 N/A -43.7% 16.1% N/A
2015 N/A -19.4% 6.0% N/A

Total Return Ranking - Trailing

Period MRJAX Return Category Return Low Category Return High Rank in Category (%)
YTD -12.6% -28.4% 790.0% 91.76%
1 Yr -7.7% -29.9% 867.4% 85.54%
3 Yr N/A* -16.2% 118.0% N/A
5 Yr N/A* -13.6% 59.2% N/A
10 Yr N/A* -6.7% 9.7% N/A

* Annualized

Total Return Ranking - Calendar

Period MRJAX Return Category Return Low Category Return High Rank in Category (%)
2019 16.2% -13.8% 27.8% 14.41%
2018 N/A -32.7% 10.9% N/A
2017 N/A -4.4% 22.1% N/A
2016 N/A -43.7% 20.7% N/A
2015 N/A -17.2% 8.0% N/A

NAV & Total Return History


Holdings

MRJAX - Holdings

Concentration Analysis

MRJAX Category Low Category High MRJAX % Rank
Net Assets 13.3 M 4.33 M 101 B 96.03%
Number of Holdings 256 4 5122 31.20%
Net Assets in Top 10 2.77 M -720 M 19.5 B 95.73%
Weighting of Top 10 23.73% 5.7% 362.0% 79.54%

Top 10 Holdings

  1. United States Treasury Notes 0.38% 3.15%
  2. United States Treasury Notes 0.25% 2.81%
  3. American Tower Corp 2.59%
  4. United States Treasury Notes 0.12% 2.56%
  5. United States Treasury Notes 0.12% 2.51%
  6. United States Treasury Notes 0.5% 2.42%
  7. United States Treasury Bonds 1% 2.27%
  8. United States Treasury Notes 0.88% 2.26%
  9. National Grid PLC 1.59%
  10. Crown Castle International Corp 1.57%

Asset Allocation

Weighting Return Low Return High MRJAX % Rank
Stocks
73.75% -3.01% 79.93% 10.26%
Bonds
23.06% -285.12% 120.33% 74.04%
Cash
3.18% -34.53% 329.83% 71.15%
Preferred Stocks
0.00% 0.00% 38.02% 94.44%
Other
0.00% -10.60% 61.54% 84.29%
Convertible Bonds
0.00% 0.00% 65.60% 99.57%

Stock Sector Breakdown

Weighting Return Low Return High MRJAX % Rank
Real Estate
36.76% 0.00% 78.06% 3.22%
Utilities
17.44% 0.00% 71.13% 3.65%
Industrials
8.34% 0.00% 22.08% 82.49%
Technology
8.00% 0.00% 36.56% 91.84%
Financial Services
7.46% 0.00% 34.30% 94.09%
Energy
5.80% 0.00% 22.69% 17.72%
Healthcare
5.44% 0.00% 37.58% 93.56%
Consumer Defense
4.03% 0.00% 29.13% 91.51%
Communication Services
3.71% 0.00% 32.35% 94.63%
Consumer Cyclical
1.96% 0.00% 25.82% 96.78%
Basic Materials
1.06% 0.00% 15.72% 97.21%

Stock Geographic Breakdown

Weighting Return Low Return High MRJAX % Rank
US
39.70% -8.64% 60.77% 35.79%
Non US
34.05% -1.59% 36.59% 0.75%

Bond Sector Breakdown

Weighting Return Low Return High MRJAX % Rank
Government
88.46% 0.00% 88.46% 0.32%
Cash & Equivalents
11.54% -32.60% 100.00% 61.54%
Derivative
0.00% -0.67% 45.00% 94.66%
Securitized
0.00% 0.00% 66.01% 99.47%
Corporate
0.00% 0.00% 98.07% 99.89%
Municipal
0.00% 0.00% 31.37% 98.08%

Bond Geographic Breakdown

Weighting Return Low Return High MRJAX % Rank
US
23.06% -88.69% 91.30% 65.38%
Non US
0.00% -351.11% 63.39% 92.84%

Expenses

MRJAX - Expenses

Operational Fees

MRJAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 7.63% 0.01% 22.24% 0.44%
Management Fee 0.60% 0.00% 1.95% 77.27%
12b-1 Fee 0.25% 0.00% 1.00% 46.52%
Administrative Fee 0.08% 0.01% 0.70% 45.07%

Sales Fees

MRJAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 5.25% 2.25% 5.75% 72.67%
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

MRJAX 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.

MRJAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 65.00% 0.29% 496.00% 69.20%

Distributions

MRJAX - Distributions

Dividend Yield Analysis

MRJAX Category Low Category High MRJAX % Rank
Dividend Yield 0.00% 0.00% 7.11% 87.62%

Dividend Distribution Analysis

MRJAX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Quarterly Quarterly

Net Income Ratio Analysis

MRJAX Category Low Category High MRJAX % Rank
Net Income Ratio 1.46% -1.82% 6.29% 73.44%

Capital Gain Distribution Analysis

MRJAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

MRJAX - Fund Manager Analysis

Managers

Ryan Meredith


Start Date

Tenure

Tenure Rank

Jun 18, 2018

1.87

1.9%

Ryan is the head of the Portfolio Solutions Group at Morgan Stanley Investment Management. He is based in New York and has 21 years of industry experience. Prior to joining the firm in 2007, Ryan was a director in the quantitative research group at Citigroup Alternative Investments, focused on the development of leading-edge modeling and research on portfolio strategy, and a research vice president at Citigroup Asset Management. Previously, he worked in the actuarial departments of both Towers Perrin in London and Alexander Forbes Consultants and Actuaries in South Africa, conducting asset liability modeling and investment research. Ryan received a B.Sc. in mathematical statistics from the University of Witwatersrand in South Africa and a M.Sc. in mathematics of finance from the Courant Institute at New York University. He is a fellowship member of the Faculty of Actuaries in the United Kingdom and holds the Chartered Financial Analyst designation.

Christian Roth


Start Date

Tenure

Tenure Rank

Jun 18, 2018

1.87

1.9%

Chris is the head of Global Multi-Sector on the Global Fixed Income team. He joined Morgan Stanley in 1991 and has 32 years of investment experience. Prior to joining the firm, he was a senior associate in the Merchant Banking group of Dean Witter Capital Corporation. Chris received a B.S. in economics from the Wharton School of the University of Pennsylvania. He holds the Chartered Financial Analyst designation and is a member of the Global Fixed Income Institute.

Mark Bavoso


Start Date

Tenure

Tenure Rank

Jun 18, 2018

1.87

1.9%

Mark Bavoso is a senior portfolio manager on the Global Multi-Asset team. He joined Morgan Stanley in 1986. Previously, he was a senior vice president and portfolio manager at Dean Witter InterCapital and a vice president in the equity marketing and research departments of Dean Witter Reynolds. Prior to joining the firm, he was a vice president and equity research analyst at Sutro & Co. Mark received a BA in both history and political science from the University of California, Davis. Mark is also a member of the Economic Club of New York.

Matthew King


Start Date

Tenure

Tenure Rank

Jun 18, 2018

1.87

1.9%

Matthew ("Matt") King joined Morgan Stanley in 2008 and has 19 years of financial industry experience. He is a Managing Director at Morgan Stanley Investment Management and since joining the firm, continues to be Portfolio Manager for the Global Infrastructure Securities Strategy, where he is responsible for primary, day-to-day management of the portfolios as well as directing the team’s sector and company research. Previously, Matt worked at Bear Stearns in a variety of roles including investment banking and research, during which time he provided research and analytical support for a number of infrastructure-related financings. Matt received a B.A. magna cum laude in diplomacy and world affairs from Occidental College, and an MBA with honors from Columbia Business School.

Theodore Bigman


Start Date

Tenure

Tenure Rank

Jun 18, 2018

1.87

1.9%

Ted joined Morgan Stanley in 1995 and has 32 years of investment experience. He is the Head of Global Listed Real Assets Investing, global portfolio manager for the Global Real Estate Securities strategy and also the lead portfolio manager for the Global Infrastructure Securities strategy. Prior to joining the Firm in 1995, he was a Director at CS First Boston, where he worked for eight years in the real estate investment banking group. He established and managed the REIT effort at CS First Boston, and had primary responsibility for $2.5 billion of REIT initial public offerings. Ted also worked at Bain & Company as an Associate Consultant for two years. Ted received a B.A. from Brandeis University in Economics and an M.B.A. from Harvard Business School and studied at the London School of Economics. He was the 2011 recipient of the Industry Achievement Award from the National Association of Real Estate Investment Trusts, the leading REIT industry group, for his approach to securities research on listed real estate companies, which has been influential in making REITs a standard component of institutional real estate portfolios.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.05 28.35 6.0 0.33