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EMERGING MARKETS PORTFOLIO
MSEPX (Mutual Fund)
EMERGING MARKETS PORTFOLIO
Name
As of 12/13/2024Price
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
11.0%
1 yr return
14.2%
3 Yr Avg Return
-2.3%
5 Yr Avg Return
1.6%
Net Assets
$496 M
Holdings in Top 10
34.6%
52 WEEK LOW AND HIGH
$20.8
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 3.10%
SALES FEES
Front Load N/A
Deferred Load 1.00%
TRADING FEES
Turnover 39.00%
Redemption Fee 2.00%
Min Investment
Standard (Taxable)
$1,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/13/2024Price
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
MSEPX - Profile
Distributions
- YTD Total Return 11.0%
- 3 Yr Annualized Total Return -2.3%
- 5 Yr Annualized Total Return 1.6%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -0.39%
- Dividend Yield 1.0%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameEMERGING MARKETS PORTFOLIO
-
Fund Family NameMorgan Stanley Funds
-
Inception DateMay 01, 2015
-
Shares OutstandingN/A
-
Share ClassC
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerPaul Psaila
Fund Description
The Adviser and the Fund’s “Sub-Adviser,” Morgan Stanley Investment Management Company (“MSIM Company”), seek to maximize returns by investing primarily in quality growth-oriented equity securities in emerging markets.
The Adviser’s and/or Sub-Adviser’s investment approach combines top-down country and thematic allocation with bottom-up stock selection. The Adviser and/or Sub-Adviser allocate the Fund’s assets among emerging markets based on relative economic, political and social fundamentals, stock valuations and investor sentiment. To manage risk, the Adviser and/or Sub-Adviser emphasize macroeconomic and fundamental research.
The investment process integrates information about environmental, social and governance issues (also referred to as ESG) when making investment decisions. The Adviser and/or Sub-Adviser believe that monitoring ESG helps build a more complete picture of the opportunities and risks facing companies, and seeks to engage directly with company management to gain insights on how each company addresses material ESG issues and how these may affect long-term financial performance.
Under normal circumstances, at least 80% of the Fund’s assets will be invested in equity securities of issuers located in emerging market countries. This policy may be changed without shareholder approval; however, you would be notified upon 60 days’ notice in writing of any changes. The Adviser and/or Sub-Adviser generally consider selling an investment when they determine the company no longer satisfies their investment criteria.
The Fund may, but it is not required to, use derivatives and similar instruments for a variety of purposes, including hedging, risk management, portfolio management or to earn income. The Fund’s use of derivatives may involve the purchase and sale of derivative instruments such as futures and other similar instruments and techniques. The Fund may utilize foreign currency forward exchange contracts, which are also derivatives, in connection with its investments in foreign securities. Derivative instruments used by the Fund 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.
MSEPX - Performance
Return Ranking - Trailing
| Period | MSEPX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 11.0% | -11.8% | 40.0% | 38.54% |
| 1 Yr | 14.2% | -8.7% | 41.1% | 30.66% |
| 3 Yr | -2.3%* | -11.5% | 11.1% | 60.68% |
| 5 Yr | 1.6%* | -5.3% | 12.2% | 64.81% |
| 10 Yr | N/A* | -1.2% | 7.0% | 89.74% |
* Annualized
Return Ranking - Calendar
| Period | MSEPX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 9.7% | -6.5% | 35.5% | 37.23% |
| 2022 | -28.7% | -50.1% | -2.4% | 79.68% |
| 2021 | -5.1% | -33.1% | 22.5% | 48.21% |
| 2020 | 12.7% | -22.1% | 80.1% | 66.72% |
| 2019 | 4.0% | -0.7% | 42.0% | 98.82% |
Total Return Ranking - Trailing
| Period | MSEPX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 11.0% | -11.8% | 40.0% | 38.54% |
| 1 Yr | 14.2% | -8.7% | 41.1% | 30.66% |
| 3 Yr | -2.3%* | -11.5% | 11.1% | 60.68% |
| 5 Yr | 1.6%* | -5.3% | 12.2% | 64.81% |
| 10 Yr | N/A* | -1.2% | 7.0% | 88.69% |
* Annualized
Total Return Ranking - Calendar
| Period | MSEPX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 10.9% | -1.0% | 42.0% | 50.93% |
| 2022 | -25.9% | -42.2% | 1.9% | 74.08% |
| 2021 | 2.4% | -32.5% | 33.1% | 31.67% |
| 2020 | 13.3% | -20.0% | 81.6% | 71.94% |
| 2019 | 18.2% | 2.3% | 42.0% | 71.96% |
NAV & Total Return History
MSEPX - Holdings
Concentration Analysis
| MSEPX | Category Low | Category High | MSEPX % Rank | |
|---|---|---|---|---|
| Net Assets | 496 M | 682 K | 103 B | 49.57% |
| Number of Holdings | 101 | 2 | 7534 | 52.42% |
| Net Assets in Top 10 | 190 M | 290 K | 23.8 B | 48.29% |
| Weighting of Top 10 | 34.61% | 2.9% | 101.1% | 53.64% |
Top 10 Holdings
- Taiwan Semiconductor Manufacturing Co Ltd 10.41%
- Tencent Holdings Ltd 4.82%
- Mahindra Mahindra Ltd 2.98%
- Alibaba Group Holding Ltd 2.93%
- ICICI Bank Ltd 2.60%
- Samsung Electronics Co Ltd 2.49%
- Reliance Industries Ltd 2.30%
- WEG SA 2.23%
- China Construction Bank Corp 1.96%
- Morgan Stanley Institutional Liquidity Funds - Government Portfolio 1.89%
Asset Allocation
| Weighting | Return Low | Return High | MSEPX % Rank | |
|---|---|---|---|---|
| Stocks | 98.07% | 0.00% | 103.28% | 39.17% |
| Cash | 1.99% | -2.03% | 100.35% | 46.01% |
| Preferred Stocks | 1.67% | 0.00% | 13.31% | 33.33% |
| Other | 0.00% | -1.11% | 39.53% | 66.95% |
| Convertible Bonds | 0.00% | 0.00% | 7.40% | 57.96% |
| Bonds | 0.00% | 0.00% | 95.13% | 62.11% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | MSEPX % Rank | |
|---|---|---|---|---|
| Technology | 32.30% | 0.00% | 47.50% | 6.35% |
| Financial Services | 26.27% | 0.00% | 48.86% | 14.86% |
| Consumer Cyclical | 11.03% | 0.00% | 48.94% | 66.52% |
| Basic Materials | 10.91% | 0.00% | 30.03% | 23.67% |
| Consumer Defense | 5.65% | 0.00% | 25.90% | 63.06% |
| Industrials | 5.29% | 0.00% | 43.53% | 62.48% |
| Communication Services | 3.62% | 0.00% | 39.29% | 90.91% |
| Energy | 3.56% | 0.00% | 24.80% | 58.73% |
| Healthcare | 1.37% | 0.00% | 16.53% | 87.30% |
| Utilities | 0.00% | 0.00% | 39.12% | 87.30% |
| Real Estate | 0.00% | 0.00% | 17.15% | 93.51% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | MSEPX % Rank | |
|---|---|---|---|---|
| Non US | 94.08% | 0.00% | 100.52% | 13.68% |
| US | 3.99% | 0.00% | 100.95% | 79.91% |
MSEPX - Expenses
Operational Fees
| MSEPX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 3.10% | 0.03% | 29.98% | 6.71% |
| Management Fee | 0.75% | 0.00% | 2.00% | 29.10% |
| 12b-1 Fee | 1.00% | 0.00% | 1.00% | 89.60% |
| Administrative Fee | 0.08% | 0.01% | 0.85% | 46.70% |
Sales Fees
| MSEPX 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% | 58.90% |
Trading Fees
| MSEPX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | 2.00% | 1.00% | 2.00% | 64.81% |
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.
| MSEPX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 39.00% | 0.00% | 189.00% | 46.57% |
MSEPX - Distributions
Dividend Yield Analysis
| MSEPX | Category Low | Category High | MSEPX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.98% | 0.00% | 9.74% | 73.50% |
Dividend Distribution Analysis
| MSEPX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | SemiAnnual | Annual |
Net Income Ratio Analysis
| MSEPX | Category Low | Category High | MSEPX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | -0.39% | -1.98% | 17.62% | 87.72% |
Capital Gain Distribution Analysis
| MSEPX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 15, 2023 | $0.205 | OrdinaryDividend |
| Dec 16, 2022 | $0.667 | OrdinaryDividend |
| Dec 17, 2021 | $1.847 | OrdinaryDividend |
| Dec 16, 2020 | $0.148 | OrdinaryDividend |
| Dec 16, 2019 | $2.990 | CapitalGainLongTerm |
| Dec 17, 2018 | $0.200 | CapitalGainLongTerm |
| Jul 06, 2018 | $0.001 | OrdinaryDividend |
| Jul 07, 2017 | $0.024 | OrdinaryDividend |
| Dec 16, 2016 | $0.014 | OrdinaryDividend |
| Jul 02, 2015 | $0.040 | OrdinaryDividend |
MSEPX - Fund Manager Analysis
Managers
Paul Psaila
Start Date
Tenure
Tenure Rank
Feb 28, 1994
28.27
28.3%
Paul is a portfolio manager for the Global Emerging Markets Equity portfolios, focusing on Global Macro Analytics and Emerging Europe, the Middle East and Africa region. He joined Morgan Stanley in 1994 and has 22 years of investment experience. Prior to joining the firm, Paul was a research associate at the International Monetary Fund. Paul received a B.A. in political science from Brandeis University and a master's degree in economic and Latin American studies from the School of Advanced International Studies at Johns Hopkins University. He holds the Chartered Financial Analyst designation.
Eric Carlson
Start Date
Tenure
Tenure Rank
Sep 30, 1997
24.68
24.7%
Eric is a portfolio manager on the Global Emerging Markets Equity team, focusing on Europe, the Middle East and Africa, and thematic research. He joined Morgan Stanley in 1997 and has 21 years of investment experience. Prior to joining the firm, Eric worked as a telecommunications analyst at Neuberger & Berman. Eric received a B.A. magna cum laude in social studies from Harvard University and a J.D. from Harvard Law School.
Amay Hattangadi
Start Date
Tenure
Tenure Rank
Jul 11, 2018
3.89
3.9%
Amay is Managing Director of MSIM Company. He joined Morgan Stanley in 1997 and has 21 years of investment experience. Previously, he was a portfolio administrator. Amay received a Bachelor of Commerce degree from the University of Mumbai. He is an Associate Member of the Institute of Chartered Accountants of India. He holds the Charted Financial Analyst designation.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.09 | 33.71 | 6.67 | 13.42 |
