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Inception Portfolio
mutual fund
MSCOX
Payout Change
Pending
Price as of:
$10.14
-0.16
-1.55%
primary theme
U.S. Small-Cap Growth Equity
share class
MSCOX (Mutual Fund)
Inception Portfolio
Payout Change
Pending
Price as of:
$10.14
-0.16
-1.55%
primary theme
U.S. Small-Cap Growth Equity
share class
MSCOX (Mutual Fund)
Inception Portfolio
Payout Change
Pending
Price as of:
$10.14
-0.16
-1.55%
primary theme
U.S. Small-Cap Growth Equity
share class
Name
As of 12/10/2024Price
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
Vitals
YTD Return
34.5%
1 yr return
49.3%
3 Yr Avg Return
-6.8%
5 Yr Avg Return
20.0%
Net Assets
$315 M
Holdings in Top 10
57.2%
52 WEEK LOW AND HIGH
$10.3
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 2.22%
SALES FEES
Front Load N/A
Deferred Load 1.00%
TRADING FEES
Turnover 111.00%
Redemption Fee 2.00%
Min Investment
Standard (Taxable)
$1,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/10/2024Price
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
MSCOX - Profile
Distributions
- YTD Total Return 34.5%
- 3 Yr Annualized Total Return -6.8%
- 5 Yr Annualized Total Return 20.0%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -1.55%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameInception Portfolio
-
Fund Family NameMorgan Stanley Funds
-
Inception DateJun 01, 2017
-
Shares OutstandingN/A
-
Share ClassC
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerDennis Lynch
Fund Description
Under normal market conditions, the Adviser seeks to achieve the Fund’s investment objective by investing primarily in established and emerging companies with capitalizations within the range of companies included in the Russell 2000® Growth Index. As of December 31, 2023, these market capitalizations ranged between $19.7 million and $15.8 billion.
The Adviser emphasizes a bottom-up stock selection process, seeking attractive investments on an individual company basis. In selecting securities for investment, the Adviser typically invests in unique companies it believes have sustainable competitive advantages with above average business visibility, the ability to deploy capital at high rates of return, strong balance sheets and an attractive risk/reward. The Adviser typically focuses a significant portion of the Fund’s investments in a limited number of issuers, which may be in the same industry, sector or geographic region.
The Adviser actively integrates sustainability into the investment process by using environmental, social and governance (“ESG”) factors as a lens for additional fundamental research, which can contribute to investment decision-making. The Adviser seeks to understand how environmental and social initiatives within companies can create value by strengthening durable competitive advantages, creating growth opportunities, driving profitability and/or aligning with secular growth trends. The Adviser generally engages with company management teams to discuss their ESG practices, with the aim of identifying how sustainability themes present opportunities and risks that can be material to the value of the security over the long-term. Other aspects of the investment process include a proprietary, systematic evaluation of governance policies, specifically focusing on compensation alignment on long-
term value creation. Although consideration of ESG factors is incorporated into the investment process, it is only one of many tools the Adviser utilizes to make investment decisions.
The Fund may invest in other types of equity securities. The Fund may also invest in privately placed and restricted securities.
The Adviser may invest up to 25% of the Fund’s total assets in foreign securities, including emerging market securities and securities classified as American Depositary Receipts (“ADRs”), Global Depositary Receipts (“GDRs”), American Depositary Shares (“ADSs”) or Global Depositary Shares (“GDSs”), foreign U.S. dollar-denominated securities that are traded on a U.S. exchange or local shares of non-U.S. issuers.
MSCOX - Performance
Return Ranking - Trailing
| Period | MSCOX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 34.5% | 2.0% | 88.6% | 4.26% |
| 1 Yr | 49.3% | 7.4% | 90.1% | 3.15% |
| 3 Yr | -6.8%* | -13.9% | 63.4% | 97.94% |
| 5 Yr | 20.0%* | -2.4% | 48.3% | 7.24% |
| 10 Yr | N/A* | 2.2% | 25.7% | 67.05% |
* Annualized
Return Ranking - Calendar
| Period | MSCOX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 52.9% | -20.5% | 54.6% | 0.74% |
| 2022 | -60.0% | -82.1% | 32.2% | 99.81% |
| 2021 | -31.0% | -90.6% | 300.1% | 96.42% |
| 2020 | 116.6% | -63.0% | 127.9% | 0.78% |
| 2019 | 9.1% | -7.7% | 42.9% | 93.76% |
Total Return Ranking - Trailing
| Period | MSCOX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 34.5% | 2.0% | 88.6% | 4.26% |
| 1 Yr | 49.3% | 7.4% | 90.1% | 3.15% |
| 3 Yr | -6.8%* | -13.9% | 63.4% | 97.94% |
| 5 Yr | 20.0%* | -2.4% | 48.3% | 7.24% |
| 10 Yr | N/A* | 2.2% | 25.7% | 65.46% |
* Annualized
Total Return Ranking - Calendar
| Period | MSCOX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 52.9% | -19.0% | 136.8% | 0.93% |
| 2022 | -59.9% | -59.9% | 44.3% | 100.00% |
| 2021 | -4.4% | -22.7% | 411.9% | 93.40% |
| 2020 | 148.0% | 1.5% | 150.8% | 0.98% |
| 2019 | 35.5% | 5.5% | 55.3% | 22.54% |
NAV & Total Return History
MSCOX - Holdings
Concentration Analysis
| MSCOX | Category Low | Category High | MSCOX % Rank | |
|---|---|---|---|---|
| Net Assets | 315 M | 209 K | 34.3 B | 68.89% |
| Number of Holdings | 58 | 7 | 1226 | 82.96% |
| Net Assets in Top 10 | 176 M | 53.8 K | 3.02 B | 47.96% |
| Weighting of Top 10 | 57.20% | 7.5% | 100.0% | 4.27% |
Top 10 Holdings
- Cloudflare Inc 8.63%
- Global-e Online Ltd 7.52%
- Affirm Holdings Inc 7.38%
- Peloton Interactive Inc 5.54%
- MicroStrategy Inc 5.33%
- Appian Corp 5.18%
- BILL Holdings Inc 5.10%
- ZoomInfo Technologies Inc 4.78%
- Aurora Innovation Inc 3.95%
- Doximity Inc 3.81%
Asset Allocation
| Weighting | Return Low | Return High | MSCOX % Rank | |
|---|---|---|---|---|
| Stocks | 97.10% | 92.05% | 107.62% | 69.07% |
| Preferred Stocks | 2.53% | 0.00% | 4.59% | 2.96% |
| Cash | 2.51% | 0.00% | 28.78% | 43.15% |
| Other | 0.61% | -0.26% | 6.70% | 17.78% |
| Convertible Bonds | 0.00% | 0.00% | 1.57% | 77.22% |
| Bonds | 0.00% | 0.00% | 2.40% | 77.78% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | MSCOX % Rank | |
|---|---|---|---|---|
| Technology | 34.24% | 2.91% | 75.51% | 8.89% |
| Healthcare | 28.63% | 0.00% | 47.90% | 10.37% |
| Consumer Cyclical | 16.38% | 0.00% | 24.04% | 14.26% |
| Financial Services | 7.47% | 0.00% | 42.95% | 39.26% |
| Communication Services | 5.32% | 0.00% | 15.31% | 8.52% |
| Real Estate | 3.03% | 0.00% | 15.31% | 36.11% |
| Industrials | 2.12% | 0.00% | 36.64% | 98.70% |
| Basic Materials | 1.71% | 0.00% | 9.24% | 65.93% |
| Utilities | 0.57% | 0.00% | 5.57% | 21.30% |
| Consumer Defense | 0.52% | 0.00% | 13.56% | 94.44% |
| Energy | 0.00% | 0.00% | 55.49% | 95.56% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | MSCOX % Rank | |
|---|---|---|---|---|
| US | 96.07% | 17.30% | 107.62% | 72.22% |
| Non US | 1.04% | 0.00% | 77.12% | 20.56% |
MSCOX - Expenses
Operational Fees
| MSCOX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 2.22% | 0.05% | 23.20% | 5.57% |
| Management Fee | 0.92% | 0.05% | 1.62% | 81.63% |
| 12b-1 Fee | 1.00% | 0.00% | 1.00% | 97.29% |
| Administrative Fee | N/A | 0.01% | 0.40% | 46.26% |
Sales Fees
| MSCOX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 3.50% | 5.75% | N/A |
| Deferred Load | 1.00% | 1.00% | 5.00% | 81.36% |
Trading Fees
| MSCOX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | 2.00% | 1.00% | 2.00% | 47.83% |
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.
| MSCOX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 111.00% | 3.00% | 264.00% | 84.99% |
MSCOX - Distributions
Dividend Yield Analysis
| MSCOX | Category Low | Category High | MSCOX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 6.91% | 83.15% |
Dividend Distribution Analysis
| MSCOX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | Quarterly | Annual |
Net Income Ratio Analysis
| MSCOX | Category Low | Category High | MSCOX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | -1.55% | -2.47% | 1.10% | 92.32% |
Capital Gain Distribution Analysis
| MSCOX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 12, 2022 | $0.007 | OrdinaryDividend |
| Dec 13, 2021 | $4.047 | CapitalGainShortTerm |
| Dec 13, 2021 | $0.713 | CapitalGainLongTerm |
| Dec 11, 2020 | $2.448 | OrdinaryDividend |
| Dec 11, 2019 | $0.269 | CapitalGainShortTerm |
| Dec 11, 2019 | $1.671 | CapitalGainLongTerm |
| Dec 11, 2018 | $0.454 | CapitalGainShortTerm |
| Dec 11, 2018 | $0.932 | CapitalGainLongTerm |
| Dec 11, 2017 | $1.102 | CapitalGainShortTerm |
| Dec 11, 2017 | $2.611 | CapitalGainLongTerm |
| Jul 05, 2017 | $1.446 | CapitalGainLongTerm |
MSCOX - Fund Manager Analysis
Managers
Dennis Lynch
Start Date
Tenure
Tenure Rank
Jan 31, 1999
23.35
23.4%
Dennis is the Head of the Counterpoint Global team at Morgan Stanley Investment Management. He joined Morgan Stanley in 1998 and has been with financial industry since 1994. Prior to joining the firm, he worked as a sell-side analyst for J.P. Morgan Securities. Dennis received a B.A. in political science from Hamilton College and an M.B.A. with honors in finance from Columbia University.
David Cohen
Start Date
Tenure
Tenure Rank
Jan 31, 2002
20.34
20.3%
Dave Cohen is an investor for the Counterpoint Global team. He joined Morgan Stanley in 1993 and has has been with financial industry since 1988. Dave joined the team as an investor in 1999. Prior to joining the firm, Dave was a senior fund accountant at Alliance Capital. Previously, he was a fund accountant at Natwest and Wall Street Trust. Dave received a B.S. summa cum laude in management from Pace University.
Sandeep (Sam) Chainani
Start Date
Tenure
Tenure Rank
Jun 30, 2004
17.93
17.9%
Sam Chainani is an investor for the Counterpoint Global team. He joined Morgan Stanley in 1996 and has been with financial industry since 1996. Sam joined the team as an investor in 2000. Previously, he was a strategy specialist for our Inception and Discovery strategies. Sam received a B.S. in management with a concentration in finance from Binghamton University. He holds the Chartered Financial Analyst designation.
Alexander Norton
Start Date
Tenure
Tenure Rank
Jul 29, 2005
16.85
16.9%
Alexander Norton is an investor for the Counterpoint Global team. He joined Morgan Stanley in 2000 and has been with financial industry since 1995. Prior to joining the firm, Alex was an associate in equity derivative sales and later an associate in equity research at Donaldson, Lufkin & Jenrette. Previously, he was a bond broker with Cantor Fitzgerald. Alex received a B.A. in history from the University of Pennsylvania and an M.B.A. in finance from Columbia Business School.
Jason Yeung
Start Date
Tenure
Tenure Rank
Sep 30, 2007
14.68
14.7%
Jason Yeung is an investor for the Counterpoint Global team. He joined Morgan Stanley in 2002 and has been with financial industry since 1997. Jason joined the team in 2004 as an investor. Previously, he was a member of the U.S. Research Group, working closely with the Counterpoint Global team. Prior to joining the firm, Jason was a senior research analyst at Ramius Capital Group. Previously, he was an equity research associate at Deutsche Bank. Jason received a B.A., Phi Beta Kappa, in international relations from Johns Hopkins University and an M. Phil. in international relations from the University of Cambridge. He holds the Chartered Financial Analyst designation.
Armistead Nash
Start Date
Tenure
Tenure Rank
Sep 30, 2008
13.67
13.7%
Armistead Nash is an investor for the Counterpoint Global team. He joined Morgan Stanley in 2002 and has has been with financial industry since 2000. Armistead joined the team in 2004 as an investor. Previously, he was a member of the U.S. Research Group, working closely with the Counterpoint Global team. Prior to joining the firm, Armistead was an associate in investment product development at BlackRock Financial Management. Previously, he was a research analyst in high-yield research at KEA Capital. Armistead received a B.A. in history from the University of Virginia and an M.B.A. from the University of Virginia's Darden School of Business Administration.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 30.44 | 9.17 | 5.25 |
