Name
As of 12/12/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
$6.87
$203 M
4.79%
$0.34
0.91%
Vitals
YTD Return
-1.6%
1 yr return
1.9%
3 Yr Avg Return
-3.2%
5 Yr Avg Return
-1.2%
Net Assets
$203 M
Holdings in Top 10
59.2%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.91%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 376.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/12/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
$6.87
$203 M
4.79%
$0.34
0.91%
USGDX - Profile
Distributions
- YTD Total Return -1.6%
- 3 Yr Annualized Total Return -3.2%
- 5 Yr Annualized Total Return -1.2%
- Capital Gain Distribution Frequency Semi-Annually
- Net Income Ratio 2.33%
- Dividend Yield 4.8%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameMorgan Stanley Long Duration Government Opportunities Fund
-
Fund Family NameMorgan Stanley Funds
-
Inception DateJul 28, 1997
-
Shares OutstandingN/A
-
Share ClassI
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerNeil Stone
Fund Description
USGDX - Performance
Return Ranking - Trailing
Period | USGDX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -1.6% | -4.6% | 11.7% | 99.17% |
1 Yr | 1.9% | -2.4% | 15.0% | 96.89% |
3 Yr | -3.2%* | -10.0% | 28.5% | 90.95% |
5 Yr | -1.2%* | -7.2% | 58.8% | 94.81% |
10 Yr | 0.7%* | -2.8% | 74.0% | 91.47% |
* Annualized
Return Ranking - Calendar
Period | USGDX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 1.4% | -16.2% | 8.1% | 78.90% |
2022 | -15.3% | -34.7% | 131.9% | 28.94% |
2021 | -4.3% | -11.6% | 4.4% | 84.65% |
2020 | 2.9% | -9.9% | 946.1% | 69.51% |
2019 | 3.3% | -1.7% | 16.9% | 91.00% |
Total Return Ranking - Trailing
Period | USGDX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -1.6% | -4.6% | 11.7% | 99.17% |
1 Yr | 1.9% | -2.4% | 15.0% | 96.89% |
3 Yr | -3.2%* | -10.0% | 28.5% | 90.95% |
5 Yr | -1.2%* | -7.2% | 58.8% | 94.81% |
10 Yr | 0.7%* | -2.8% | 74.0% | 91.47% |
* Annualized
Total Return Ranking - Calendar
Period | USGDX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 6.4% | -11.3% | 11.9% | 37.11% |
2022 | -12.7% | -32.2% | 131.9% | 22.45% |
2021 | -1.5% | -9.4% | 9.2% | 69.41% |
2020 | 6.1% | -1.9% | 1009.0% | 87.46% |
2019 | 7.0% | 1.1% | 21668.0% | 86.43% |
NAV & Total Return History
USGDX - Holdings
Concentration Analysis
USGDX | Category Low | Category High | USGDX % Rank | |
---|---|---|---|---|
Net Assets | 203 M | 2.9 M | 314 B | 81.35% |
Number of Holdings | 185 | 1 | 17880 | 89.20% |
Net Assets in Top 10 | 141 M | 1.62 M | 35.1 B | 67.29% |
Weighting of Top 10 | 59.18% | 4.7% | 3984.6% | 8.24% |
Top 10 Holdings
- Uniform Mortgage-Backed Security, TBA 9.81%
- Uniform Mortgage-Backed Security, TBA 9.48%
- Government National Mortgage Association 7.04%
- Government National Mortgage Association 6.49%
- Government National Mortgage Association 5.13%
- Uniform Mortgage-Backed Security, TBA 4.80%
- Uniform Mortgage-Backed Security, TBA 4.51%
- Ginnie Mae 4.31%
- Freddie Mac REMICS 3.91%
- Fannie Mae REMICS 3.70%
Asset Allocation
Weighting | Return Low | Return High | USGDX % Rank | |
---|---|---|---|---|
Bonds | 134.11% | 0.00% | 9231.88% | 3.21% |
Cash | 1.86% | -54.51% | 237.69% | 63.55% |
Other | 0.01% | -27.25% | 1695.17% | 78.82% |
Stocks | 0.00% | 0.00% | 99.98% | 89.22% |
Preferred Stocks | 0.00% | 0.00% | 72.34% | 88.58% |
Convertible Bonds | 0.00% | 0.00% | 7.93% | 98.12% |
Bond Sector Breakdown
Weighting | Return Low | Return High | USGDX % Rank | |
---|---|---|---|---|
Securitized | 57.36% | 0.00% | 98.40% | 8.58% |
Government | 22.77% | 0.00% | 86.23% | 55.75% |
Municipal | 12.62% | 0.00% | 100.00% | 2.82% |
Cash & Equivalents | 1.86% | 0.00% | 237.69% | 60.75% |
Corporate | 0.25% | 0.00% | 100.00% | 97.28% |
Derivative | 0.01% | -6.56% | 44.82% | 39.56% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | USGDX % Rank | |
---|---|---|---|---|
US | 134.11% | 0.00% | 9042.62% | 2.70% |
Non US | 0.00% | 0.00% | 189.26% | 90.55% |
USGDX - Expenses
Operational Fees
USGDX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.91% | 0.01% | 39.64% | 31.14% |
Management Fee | 0.42% | 0.00% | 1.76% | 76.60% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | 0.08% | 0.01% | 0.50% | 50.66% |
Sales Fees
USGDX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 2.00% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 4.00% | N/A |
Trading Fees
USGDX 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.
USGDX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 376.00% | 2.00% | 493.39% | 88.23% |
USGDX - Distributions
Dividend Yield Analysis
USGDX | Category Low | Category High | USGDX % Rank | |
---|---|---|---|---|
Dividend Yield | 4.79% | 0.00% | 10.11% | 5.70% |
Dividend Distribution Analysis
USGDX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
USGDX | Category Low | Category High | USGDX % Rank | |
---|---|---|---|---|
Net Income Ratio | 2.33% | -1.28% | 4.79% | 15.44% |
Capital Gain Distribution Analysis
USGDX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Semi-Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Nov 29, 2024 | $0.028 | OrdinaryDividend |
Oct 29, 2024 | $0.035 | OrdinaryDividend |
Sep 26, 2024 | $0.028 | OrdinaryDividend |
Aug 29, 2024 | $0.030 | OrdinaryDividend |
Jul 29, 2024 | $0.032 | OrdinaryDividend |
Apr 26, 2024 | $0.033 | OrdinaryDividend |
Mar 26, 2024 | $0.027 | OrdinaryDividend |
Feb 27, 2024 | $0.030 | OrdinaryDividend |
Jan 29, 2024 | $0.028 | OrdinaryDividend |
Dec 29, 2023 | $0.032 | OrdinaryDividend |
Nov 28, 2023 | $0.029 | OrdinaryDividend |
Oct 27, 2023 | $0.028 | OrdinaryDividend |
Sep 27, 2023 | $0.027 | OrdinaryDividend |
Aug 29, 2023 | $0.029 | OrdinaryDividend |
Jul 27, 2023 | $0.022 | OrdinaryDividend |
Jun 30, 2023 | $0.030 | OrdinaryDividend |
May 29, 2023 | $0.024 | OrdinaryDividend |
Apr 26, 2023 | $0.022 | OrdinaryDividend |
Mar 29, 2023 | $0.024 | OrdinaryDividend |
Feb 24, 2023 | $0.023 | OrdinaryDividend |
Jan 27, 2023 | $0.020 | OrdinaryDividend |
Dec 31, 2022 | $0.024 | OrdinaryDividend |
Nov 28, 2022 | $0.025 | OrdinaryDividend |
Oct 27, 2022 | $0.019 | OrdinaryDividend |
Sep 28, 2022 | $0.021 | OrdinaryDividend |
Aug 29, 2022 | $0.022 | OrdinaryDividend |
Jul 27, 2022 | $0.018 | OrdinaryDividend |
Jun 28, 2022 | $0.022 | OrdinaryDividend |
May 26, 2022 | $0.017 | OrdinaryDividend |
Apr 27, 2022 | $0.018 | OrdinaryDividend |
Mar 29, 2022 | $0.019 | OrdinaryDividend |
Feb 24, 2022 | $0.018 | OrdinaryDividend |
Jan 27, 2022 | $0.016 | OrdinaryDividend |
Dec 31, 2021 | $0.020 | OrdinaryDividend |
Nov 26, 2021 | $0.019 | OrdinaryDividend |
Oct 27, 2021 | $0.017 | OrdinaryDividend |
Sep 28, 2021 | $0.020 | OrdinaryDividend |
Aug 27, 2021 | $0.019 | OrdinaryDividend |
Jul 28, 2021 | $0.018 | OrdinaryDividend |
Jun 28, 2021 | $0.022 | OrdinaryDividend |
May 26, 2021 | $0.019 | OrdinaryDividend |
Apr 28, 2021 | $0.018 | OrdinaryDividend |
Mar 29, 2021 | $0.020 | OrdinaryDividend |
Feb 24, 2021 | $0.018 | OrdinaryDividend |
Jan 27, 2021 | $0.016 | OrdinaryDividend |
Dec 31, 2020 | $0.022 | OrdinaryDividend |
Nov 25, 2020 | $0.018 | OrdinaryDividend |
Oct 28, 2020 | $0.018 | OrdinaryDividend |
Sep 28, 2020 | $0.021 | OrdinaryDividend |
Aug 27, 2020 | $0.019 | OrdinaryDividend |
Jul 29, 2020 | $0.021 | OrdinaryDividend |
Jun 26, 2020 | $0.020 | OrdinaryDividend |
May 27, 2020 | $0.019 | OrdinaryDividend |
Apr 28, 2020 | $0.024 | OrdinaryDividend |
Mar 27, 2020 | $0.022 | OrdinaryDividend |
Feb 26, 2020 | $0.021 | OrdinaryDividend |
Jan 29, 2020 | $0.022 | OrdinaryDividend |
Dec 31, 2019 | $0.028 | OrdinaryDividend |
Nov 29, 2019 | $0.022 | OrdinaryDividend |
Oct 31, 2019 | $0.027 | OrdinaryDividend |
Sep 30, 2019 | $0.024 | OrdinaryDividend |
Aug 30, 2019 | $0.024 | OrdinaryDividend |
Jul 29, 2019 | $0.025 | OrdinaryDividend |
USGDX - Fund Manager Analysis
Managers
Neil Stone
Start Date
Tenure
Tenure Rank
Jan 17, 2012
10.38
10.4%
Neil is a member of the Fixed Income team. He joined Morgan Stanley Investment Management in 1995 and has been with financial industry since 1985. Previously, he served as a vice president in mortgage research at Morgan Stanley. Prior to joining the firm, Neil was a director of fixed income research at Credit Suisse First Boston. He received a B.S. in accounting and decision sciences and an M.B.A. in social systems sciences from the Wharton School of the University of Pennsylvania.
James Caron
Start Date
Tenure
Tenure Rank
Jan 16, 2013
9.38
9.4%
Jim is a portfolio manager and senior member of the MSIM Global Fixed Income team and a member of the Asset Allocation Committee focusing on macro strategies. He joined Morgan Stanley in 2006 and has been with financial industry since 1992. Prior to this role, Jim held the position of global head of interest rates, foreign exchange and emerging markets strategy with Morgan Stanley Research. He authored two interest rate publications, the monthly Global Perspectives and the weekly Interest Rate Strategist. Previously, he was a director at Merrill Lynch where he headed the U.S. interest rate strategy group. Prior to that, Jim held various trading positions. He headed the U.S. options trading desk at Sanwa Bank, was a proprietary trader at Tokai Securities and traded U.S. Treasuries at JP Morgan. Jim received a B.A. in physics from Bowdoin College, a B.S. in aeronautical engineering from the California Institute of Technology and an M.B.A in finance from New York University, Stern School of Business.
Matthew Dunning
Start Date
Tenure
Tenure Rank
Oct 03, 2014
7.66
7.7%
Matt is a portfolio manager on the Global Fixed Income team. He re-joined Morgan Stanley in 2014 and has been with financial industry since 1994. Prior to re-joining the firm, Matt managed the Municipal Valuation Rates group and was a senior taxable municipal bond analyst for the BVAL group at Bloomberg. Previously, he worked for the Customized Fixed Income group at MSIM (formerly Miller, Anderson & Sherred) in trading and portfolio management roles. Matt received a B.A. in business management and business administration from Lycoming College and an M.B.A. in financial institutions management from St. Joseph's University.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 33.43 | 6.77 | 1.16 |