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Trending ETFs

Dynamic Value Portfolio

mutual fund
MAADX
Payout Change
Pending
Price as of:
$11.95 -0.05 -0.42%
primary theme
U.S. Large-Cap Value Equity
MAADX (Mutual Fund)

Dynamic Value Portfolio

Payout Change
Pending
Price as of:
$11.95 -0.05 -0.42%
primary theme
U.S. Large-Cap Value Equity
MAADX (Mutual Fund)

Dynamic Value Portfolio

Payout Change
Pending
Price as of:
$11.95 -0.05 -0.42%
primary theme
U.S. Large-Cap Value Equity

Name

As of 10/08/2024

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

$11.95

$132 M

2.10%

$0.25

0.75%

Vitals

YTD Return

6.0%

1 yr return

21.5%

3 Yr Avg Return

7.1%

5 Yr Avg Return

N/A

Net Assets

$132 M

Holdings in Top 10

42.7%

52 WEEK LOW AND HIGH

$12.0
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.75%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A


Min Investment

Standard (Taxable)

$5,000,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 10/08/2024

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

$11.95

$132 M

2.10%

$0.25

0.75%

MAADX - Profile

Distributions

  • YTD Total Return 6.0%
  • 3 Yr Annualized Total Return 7.1%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 1.98%
DIVIDENDS
  • Dividend Yield 2.1%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    Dynamic Value Portfolio
  • Fund Family Name
    Morgan Stanley Funds
  • Inception Date
    Apr 05, 2021
  • Shares Outstanding
    N/A
  • Share Class
    R6
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Cyril Moullé-Berteaux

Fund Description

The Adviser seeks to achieve the Fund’s investment objective by investing primarily in equity securities within the Russell 1000 Index universe. The Russell 1000 Index measures the performance of the large-cap segment of the U.S. equity universe. Utilizing the Adviser’s assessment of the macroeconomic environment to determine the attractiveness of “Value” stocks overall, the Adviser will construct a portfolio incorporating the most attractively valued Value stocks and the least attractively valued Value stocks (“Anti-Value” stocks) within the Russell 1000 Index universe. Value stocks are those believed by the Adviser to be undervalued in comparison to their peers due to economic, market, company-specific or other factors. Depending on the Adviser’s conviction level related to the attractiveness of Value stocks at any point in time, the Fund’s exposures may range from long exposures to both Value and Anti-Value stocks (when conviction to Value stocks is low) to a fully invested long position in Value stocks with an additional relative position creating long exposure to Value and short exposure to Anti-Value (when conviction to Value stocks is at its highest). The Fund’s exposure to Value and Anti-Value stocks may be obtained through investments in equity securities (such as common stock), total return swaps and other derivative instruments. The Adviser’s assessment of the attractiveness of Value is based primarily on the team’s analysis of historic valuations, analysis of the macroeconomic backdrop that typically favors value historically, and a determination of investor sentiment and positioning as it relates to Value stocks. Underlying Value and Anti-Value stocks are screened using a multi-factor framework, are weighted to seek to neutralize industry exposures relative to the Russell 1000 Value Index, the Fund’s benchmark, and are periodically rebalanced and refreshed based on screening outputs. The Fund’s strategy is designed to comprehensively identify the most attractive Value stocks within the Russell 1000 Index universe, neutralized for industry exposures, as well as the periods in time when the Adviser believes these securities have the highest probability of outperforming (or underperforming) their benchmark index.
From time to time, certain amounts of the Fund’s investments will be total return swap transactions, the underlying assets of which may be long positions in Value stocks and long or short positions in Anti-Value stocks. The Fund may also invest in futures for cash management purposes. Derivative instruments used by the Fund will be counted towards the Fund’s exposure to equity securities within the Russell 1000 Index universe to the extent that they have economic characteristics similar to such securities.
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MAADX - Performance

Return Ranking - Trailing

Period MAADX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.0% -0.6% 35.8% 97.98%
1 Yr 21.5% 7.4% 59.4% 78.42%
3 Yr 7.1%* -1.7% 32.6% 70.96%
5 Yr N/A* -0.3% 46.6% N/A
10 Yr N/A* 1.6% 25.5% N/A

* Annualized

Return Ranking - Calendar

Period MAADX Return Category Return Low Category Return High Rank in Category (%)
2023 8.8% -16.9% 46.1% 32.08%
2022 -2.2% -64.7% 4.6% 3.26%
2021 N/A -44.2% 57.5% N/A
2020 N/A -23.2% 285.0% N/A
2019 N/A -21.4% 48.5% N/A

Total Return Ranking - Trailing

Period MAADX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.0% -0.6% 35.8% 97.98%
1 Yr 21.5% 7.4% 59.4% 78.42%
3 Yr 7.1%* -1.7% 32.6% 70.96%
5 Yr N/A* -0.3% 46.6% N/A
10 Yr N/A* 1.6% 25.5% N/A

* Annualized

Total Return Ranking - Calendar

Period MAADX Return Category Return Low Category Return High Rank in Category (%)
2023 11.4% -15.9% 46.7% 47.24%
2022 0.7% -42.0% 8.5% 6.43%
2021 N/A 3.6% 129.7% N/A
2020 N/A -22.6% 304.8% N/A
2019 N/A -12.7% 52.1% N/A

NAV & Total Return History


MAADX - Holdings

Concentration Analysis

MAADX Category Low Category High MAADX % Rank
Net Assets 132 M 1.94 M 163 B 84.97%
Number of Holdings 202 2 1733 9.90%
Net Assets in Top 10 56.2 M 433 K 37.8 B 80.57%
Weighting of Top 10 42.73% 4.4% 99.1% 9.83%

Top 10 Holdings

  1. Morgan Stanley Institutional Liquidity Funds - Government Portfolio 34.54%
  2. SWAP JP MORGAN COC 1.47%
  3. ATT Inc 1.32%
  4. Marathon Oil Corp 0.86%
  5. NOV Inc 0.78%
  6. Marathon Petroleum Corp 0.77%
  7. Valero Energy Corp 0.76%
  8. APA Corp 0.75%
  9. Ovintiv Inc 0.74%
  10. HF Sinclair Corp 0.74%

Asset Allocation

Weighting Return Low Return High MAADX % Rank
Stocks
65.14% 7.19% 103.40% 99.36%
Cash
36.15% 0.00% 36.15% 0.18%
Preferred Stocks
0.00% 0.00% 15.27% 83.59%
Convertible Bonds
0.00% 0.00% 3.66% 83.52%
Bonds
0.00% 0.00% 78.06% 84.23%
Other
-1.30% -2.19% 36.68% 99.73%

Stock Sector Breakdown

Weighting Return Low Return High MAADX % Rank
Financial Services
16.76% 0.00% 58.05% 75.02%
Healthcare
16.52% 0.00% 30.08% 59.76%
Technology
12.15% 0.00% 54.02% 34.88%
Industrials
11.64% 0.00% 42.76% 48.10%
Consumer Cyclical
9.20% 0.00% 22.74% 13.97%
Real Estate
7.56% 0.00% 90.54% 4.44%
Energy
7.09% 0.00% 54.00% 65.77%
Communication Services
5.97% 0.00% 26.58% 46.07%
Consumer Defense
4.79% 0.00% 34.10% 84.92%
Utilities
4.38% 0.00% 27.04% 49.40%
Basic Materials
3.94% 0.00% 21.69% 34.41%

Stock Geographic Breakdown

Weighting Return Low Return High MAADX % Rank
US
65.14% 7.19% 103.40% 99.18%
Non US
0.00% 0.00% 24.72% 86.89%

MAADX - Expenses

Operational Fees

MAADX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.75% 0.03% 14.82% 66.61%
Management Fee 0.35% 0.00% 1.50% 12.13%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.08% 0.00% 0.50% 42.57%

Sales Fees

MAADX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 5.75% N/A
Deferred Load N/A 0.95% 5.00% N/A

Trading Fees

MAADX 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.

MAADX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 0.00% 488.00% 83.56%

MAADX - Distributions

Dividend Yield Analysis

MAADX Category Low Category High MAADX % Rank
Dividend Yield 2.10% 0.00% 16.67% 55.32%

Dividend Distribution Analysis

MAADX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annual Quarterly Annual

Net Income Ratio Analysis

MAADX Category Low Category High MAADX % Rank
Net Income Ratio 1.98% -1.51% 4.28% 16.89%

Capital Gain Distribution Analysis

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

Distributions History

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MAADX - Fund Manager Analysis

Managers

Cyril Moullé-Berteaux


Start Date

Tenure

Tenure Rank

Mar 19, 2021

1.2

1.2%

Cyril Moullé-Berteaux, Managing Director. Cyril Moullé-Berteaux is head of the GMA team at MSIM. He re-joined the firm in 2011 and has been with financial industry since 1991. Before returning to Morgan Stanley, Cyril was a founding partner and portfolio manager at Traxis Partners, a macro hedge fund firm. At Traxis Partners, Cyril managed absolute-return portfolios and was responsible for running the firm’s fundamental and quantitative research effort. Prior to co-founding Traxis Partners, in 2003, he was a managing director at MSIM, running Asset Allocation Research and heading the Global Asset Allocation team. Previously, from 1991 to 1995, Cyril worked at Bankers Trust as a corporate finance analyst and as a derivatives trader in the emerging markets group. He received a BA in economics from Harvard University.

Sergei Parmenov


Start Date

Tenure

Tenure Rank

Mar 19, 2021

1.2

1.2%

Sergei Parmenov, Managing Director. Sergei Parmenov rejoined MSIM in 2011 in the Global Multi-Asset team and has been with financial industry since1996. Before returning to Morgan Stanley, Sergei was a founder and manager of Lyncean Capital Management. Between 2003 and 2008, Sergei was an analyst and a portfolio manager at Traxis Partners. From 2002 to 2003, Sergei was an analyst at J. Rothschild Capital Management in London. Prior to this, he was a Vice President in the private equity department of Deutsche Bank and from 1999 to 2001, Sergei was an Associate and subsequently Vice President at Whitney & Co, focusing on European private equity investments. Sergei started his career in MSIM in 1996. He received a BA in economics from Columbia University.

Douglas Rentz


Start Date

Tenure

Tenure Rank

Mar 19, 2021

1.2

1.2%

Mr. Rentz has been associated with the Adviser in an investment management capacity since July 2011

Mark Bavoso


Start Date

Tenure

Tenure Rank

Mar 19, 2021

1.2

1.2%

Mark Bavoso is a senior portfolio manager on the Global Multi-Asset team. He joined Morgan Stanley in 1986 and has been with financial industry since 1983. 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.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.05 86.59 8.09 6.71