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Next Gen Emerging Markets Portfolio
mutual fund
MSFEX
Payout Change
Pending
Price as of:
$15.71
-0.04
-0.25%
primary theme
Emerging Markets Equity
share class
MSFEX (Mutual Fund)
Next Gen Emerging Markets Portfolio
Payout Change
Pending
Price as of:
$15.71
-0.04
-0.25%
primary theme
Emerging Markets Equity
share class
MSFEX (Mutual Fund)
Next Gen Emerging Markets Portfolio
Payout Change
Pending
Price as of:
$15.71
-0.04
-0.25%
primary theme
Emerging Markets Equity
share class
Name
As of 12/11/2024Price
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
11.7%
1 yr return
13.8%
3 Yr Avg Return
-10.0%
5 Yr Avg Return
-1.2%
Net Assets
$32 M
Holdings in Top 10
41.0%
52 WEEK LOW AND HIGH
$15.8
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 4.20%
SALES FEES
Front Load N/A
Deferred Load 1.00%
TRADING FEES
Turnover 56.00%
Redemption Fee 2.00%
Min Investment
Standard (Taxable)
$1,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/11/2024Price
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
MSFEX - Profile
Distributions
- YTD Total Return 11.7%
- 3 Yr Annualized Total Return -10.0%
- 5 Yr Annualized Total Return -1.2%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio -1.13%
- Dividend Yield 0.2%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameNext Gen Emerging Markets Portfolio
-
Fund Family NameMorgan Stanley Funds
-
Inception DateMay 01, 2015
-
Shares OutstandingN/A
-
Share ClassC
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerSteven Quattry
Fund Description
The Fund’s Adviser seeks to achieve the Fund’s investment objective by investing primarily in growth-oriented equity securities in emerging markets, which include frontier emerging markets.
The Adviser’s investment approach combines top-down macro and thematic allocation with bottom-up stock selection. The Adviser allocates the Fund’s assets among emerging markets, including frontier emerging markets, based on relative economic, political and social fundamentals, market valuations and investor sentiment. To manage risk, the Adviser emphasizes 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 believes 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. The investment process excludes holdings in tobacco companies.
Under normal circumstances, at least 80% of the Fund’s assets will be invested in equity securities of companies operating in emerging market countries, which include frontier 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. Emerging market or developing countries are countries that major international financial institutions or the MSCI Emerging Markets Net Index generally consider to be less economically mature than developed nations, such as the United States or most nations in Western Europe. Emerging market or developing countries can include every nation in the world except the United States, Canada, Japan, Australia, New Zealand and most countries located in Western Europe.
The equity securities in which the Fund may primarily invest include common and preferred stocks, convertible securities, rights, warrants, depositary receipts, limited partnership interests and other specialty securities having equity features. The Fund may hold or have exposure to equity securities of companies of any size, including small and medium capitalization companies, and to companies
in any industry or sector. The Adviser generally considers selling a portfolio holding when it determines that the holding no longer satisfies its investment criteria.
The Fund invests primarily in equity securities of companies operating in frontier emerging market countries. The term “frontier emerging markets” refers to those emerging market countries outside the “mainstream” emerging markets, whose capital markets have traditionally been difficult for foreign investors to enter or are in early stages of capital market and/or economic development. Frontier emerging market countries include, among others, Albania, Algeria, Argentina, Bahrain, Bangladesh, Bolivia, Botswana, Brazil, Bulgaria, Chile, Colombia, Costa Rica, Cote d’Ivoire, Croatia, Czech Republic, Dominican Republic, Ecuador, Egypt, Estonia, Ethiopia, Georgia, Ghana, Greece, Guatemala, Guinea, Haiti, Honduras, Hungary, Iceland, Indonesia, Jamaica, Jordan, Kazakhstan, Kenya, Kuwait, Laos, Latvia, Lebanon, Lithuania, Malaysia, Mauritius, Mexico, Mongolia, Morocco, Mozambique, Namibia, Nigeria, Oman, Pakistan, Panama, Paraguay, Peru, Poland, Philippines, Qatar, Romania, Russia, Rwanda, Saudi Arabia, Serbia, Senegal, Slovenia, Slovakia, South Africa, Sri Lanka, Tanzania, Trinidad & Tobago, Thailand, Turkey, Turkmenistan, Ukraine, United Arab Emirates, Uganda, Uruguay, Uzbekistan, Vietnam, and Zambia. The countries within the “frontier emerging markets” universe, as well as the countries in which the Fund invests, may change from time to time.
For purposes of maintaining exposure of at least 80% of the Fund’s assets to equity securities of companies operating in emerging market countries, which include frontier emerging market countries, the Fund may also invest in American Depositary Receipts (“ADRs”), Global Depositary Receipts (“GDRs”) and other types of depositary receipts with respect to companies operating in emerging market countries, securities of other open- and closed-end investment companies, including exchange-traded funds (“ETFs”) (including those which may be managed by the Adviser or its affiliates), and derivative instruments as described herein.
The Fund may, but it is not required to, use derivative 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, swaps, contracts for difference (“CFDs”), structured investments and other related 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.
MSFEX - Performance
Return Ranking - Trailing
| Period | MSFEX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 11.7% | -11.8% | 40.0% | 28.39% |
| 1 Yr | 13.8% | -8.7% | 41.1% | 60.20% |
| 3 Yr | -10.0%* | -11.5% | 11.1% | 99.56% |
| 5 Yr | -1.2%* | -5.3% | 12.2% | 95.60% |
| 10 Yr | N/A* | -1.2% | 7.0% | 88.93% |
* Annualized
Return Ranking - Calendar
| Period | MSFEX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 5.2% | -6.5% | 35.5% | 82.24% |
| 2022 | -38.3% | -50.1% | -2.4% | 96.92% |
| 2021 | 14.0% | -33.1% | 22.5% | 2.48% |
| 2020 | 12.7% | -22.1% | 80.1% | 66.40% |
| 2019 | 9.5% | -0.7% | 42.0% | 93.95% |
Total Return Ranking - Trailing
| Period | MSFEX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 11.7% | -11.8% | 40.0% | 28.39% |
| 1 Yr | 13.8% | -8.7% | 41.1% | 60.20% |
| 3 Yr | -10.0%* | -11.5% | 11.1% | 99.56% |
| 5 Yr | -1.2%* | -5.3% | 12.2% | 95.60% |
| 10 Yr | N/A* | -1.2% | 7.0% | 87.27% |
* Annualized
Total Return Ranking - Calendar
| Period | MSFEX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 5.5% | -1.0% | 42.0% | 91.48% |
| 2022 | -38.3% | -42.2% | 1.9% | 98.39% |
| 2021 | 14.0% | -32.5% | 33.1% | 7.92% |
| 2020 | 12.7% | -20.0% | 81.6% | 73.70% |
| 2019 | 11.3% | 2.3% | 42.0% | 96.30% |
NAV & Total Return History
MSFEX - Holdings
Concentration Analysis
| MSFEX | Category Low | Category High | MSFEX % Rank | |
|---|---|---|---|---|
| Net Assets | 32 M | 682 K | 103 B | 88.09% |
| Number of Holdings | 40 | 2 | 7534 | 94.89% |
| Net Assets in Top 10 | 9.34 M | 290 K | 23.8 B | 88.37% |
| Weighting of Top 10 | 40.99% | 2.9% | 101.1% | 25.00% |
Top 10 Holdings
- FPT Corp 7.14%
- MercadoLibre Inc 4.80%
- Commercial International Bank - Egypt (CIB) 4.22%
- Medikaloka Hermina Tbk PT 4.19%
- Phu Nhuan Jewelry JSC 3.93%
- Century Pacific Food Inc 3.65%
- Nova Ljubljanska Banka dd 3.57%
- NAC Kazatomprom JSC 3.28%
- Map Aktif Adiperkasa PT 3.12%
- Mobile World Investment Corp 3.08%
Asset Allocation
| Weighting | Return Low | Return High | MSFEX % Rank | |
|---|---|---|---|---|
| Stocks | 97.12% | 0.00% | 103.28% | 53.90% |
| Cash | 2.88% | -2.03% | 100.35% | 28.37% |
| Preferred Stocks | 0.00% | 0.00% | 13.31% | 88.37% |
| Other | 0.00% | -1.11% | 39.53% | 75.60% |
| Convertible Bonds | 0.00% | 0.00% | 7.40% | 73.14% |
| Bonds | 0.00% | 0.00% | 95.13% | 75.60% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | MSFEX % Rank | |
|---|---|---|---|---|
| Technology | 29.34% | 0.00% | 47.50% | 13.07% |
| Consumer Cyclical | 17.32% | 0.00% | 48.94% | 14.80% |
| Basic Materials | 14.40% | 0.00% | 30.03% | 5.89% |
| Communication Services | 13.27% | 0.00% | 39.29% | 7.76% |
| Financial Services | 10.88% | 0.00% | 48.86% | 94.97% |
| Consumer Defense | 6.65% | 0.00% | 25.90% | 38.94% |
| Energy | 4.63% | 0.00% | 24.80% | 46.26% |
| Healthcare | 3.50% | 0.00% | 16.53% | 57.76% |
| Utilities | 0.00% | 0.00% | 39.12% | 92.82% |
| Real Estate | 0.00% | 0.00% | 17.15% | 96.41% |
| Industrials | 0.00% | 0.00% | 43.53% | 99.28% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | MSFEX % Rank | |
|---|---|---|---|---|
| Non US | 73.74% | 0.00% | 100.52% | 84.54% |
| US | 23.38% | 0.00% | 100.95% | 14.04% |
MSFEX - Expenses
Operational Fees
| MSFEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 4.20% | 0.03% | 29.98% | 4.55% |
| Management Fee | 1.20% | 0.00% | 2.00% | 94.46% |
| 12b-1 Fee | 1.00% | 0.00% | 1.00% | 94.65% |
| Administrative Fee | 0.08% | 0.01% | 0.85% | 47.44% |
Sales Fees
| MSFEX 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% | 80.82% |
Trading Fees
| MSFEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | 2.00% | 1.00% | 2.00% | 77.78% |
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.
| MSFEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 56.00% | 0.00% | 189.00% | 62.41% |
MSFEX - Distributions
Dividend Yield Analysis
| MSFEX | Category Low | Category High | MSFEX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.25% | 0.00% | 9.74% | 88.09% |
Dividend Distribution Analysis
| MSFEX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | SemiAnnual | Annual |
Net Income Ratio Analysis
| MSFEX | Category Low | Category High | MSFEX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | -1.13% | -1.98% | 17.62% | 98.38% |
Capital Gain Distribution Analysis
| MSFEX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 15, 2023 | $0.039 | OrdinaryDividend |
| Dec 16, 2020 | $0.007 | OrdinaryDividend |
| Dec 16, 2019 | $0.285 | OrdinaryDividend |
| Dec 17, 2018 | $0.235 | OrdinaryDividend |
| Dec 16, 2016 | $0.057 | OrdinaryDividend |
| Dec 16, 2015 | $0.085 | OrdinaryDividend |
MSFEX - Fund Manager Analysis
Managers
Steven Quattry
Start Date
Tenure
Tenure Rank
Jan 25, 2019
3.35
3.4%
Jorge Chirino
Start Date
Tenure
Tenure Rank
Apr 23, 2021
1.1
1.1%
Jorge is an investor on the Global Emerging Markets team and a portfolio manager for the Next Gen Emerging Markets and EMEA strategies. He joined Morgan Stanley in 2007 and has 15 years of investment experience. Prior to this role, Jorge was an equity research analyst focused on Latin America financial institutions. Previously, he was research analyst in the long and short equity group at Aksia and assistant vice president of investments in the asset management division of BBVA Compass Investment Solutions. Jorge received a B.A. in economics from Instituto Tecnologico Autonomo De Mexico (ITAM) and an M.B.A in finance from Columbia Business School.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.09 | 33.71 | 6.67 | 13.42 |
