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Trending ETFs

Permanence Portfolio

mutual fund
MSHOX
Payout Change
Pending
Price as of:
$12.88 -0.04 -0.31%
primary theme
U.S. Large-Cap Growth Equity
share class
R6 (MSHPX) C (MSHOX) A (MSHNX) I (MSHMX)
MSHOX (Mutual Fund)

Permanence Portfolio

Payout Change
Pending
Price as of:
$12.88 -0.04 -0.31%
primary theme
U.S. Large-Cap Growth Equity
share class
R6 (MSHPX) C (MSHOX) A (MSHNX) I (MSHMX)
MSHOX (Mutual Fund)

Permanence Portfolio

Payout Change
Pending
Price as of:
$12.88 -0.04 -0.31%
primary theme
U.S. Large-Cap Growth Equity
share class
R6 (MSHPX) C (MSHOX) A (MSHNX) I (MSHMX)

Name

As of 12/12/2024

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

Permanence Portfolio

MSHOX | Fund

$12.88

$4.51 M

0.00%

14.88%

Vitals

YTD Return

5.3%

1 yr return

8.4%

3 Yr Avg Return

8.1%

5 Yr Avg Return

N/A

Net Assets

$4.51 M

Holdings in Top 10

53.6%

52 WEEK LOW AND HIGH

$12.9
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 14.88%

SALES FEES

Front Load N/A

Deferred Load 1.00%

TRADING FEES

Turnover 70.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$1,000

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 12/12/2024

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

Permanence Portfolio

MSHOX | Fund

$12.88

$4.51 M

0.00%

14.88%

MSHOX - Profile

Distributions

  • YTD Total Return 5.3%
  • 3 Yr Annualized Total Return 8.1%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio -1.09%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    Permanence Portfolio
  • Fund Family Name
    Morgan Stanley Funds
  • Inception Date
    Apr 06, 2020
  • Shares Outstanding
    N/A
  • Share Class
    C
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Alexander Norton

Fund Description

Under normal market conditions, the Adviser seeks to achieve the Fund’s investment objective by investing primarily in equity securities of established companies located in the United States, with capitalizations within the range of companies included in the S&P 500® Index.  
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 companies it believes have strong name recognition and 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 Fund will make long-term investments in companies that the Adviser believes have the most durable long-term competitive advantages.  The Fund may also invest in more moderate growth companies, companies with lower earnings volatility and/or companies with some cyclicality in their end markets.  
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 foreign securities, which may include emerging market securities.  
Read More

MSHOX - Performance

Return Ranking - Trailing

Period MSHOX Return Category Return Low Category Return High Rank in Category (%)
YTD 5.3% -37.8% 56.1% 99.55%
1 Yr 8.4% -36.3% 134.4% 98.73%
3 Yr 8.1%* -21.2% 35.4% 91.74%
5 Yr N/A* -12.8% 32.8% N/A
10 Yr N/A* -3.9% 21.1% N/A

* Annualized

Return Ranking - Calendar

Period MSHOX Return Category Return Low Category Return High Rank in Category (%)
2023 12.6% -74.1% 72.4% 94.34%
2022 -23.3% -85.9% 4.7% 9.18%
2021 -2.5% -52.4% 60.5% 78.95%
2020 N/A -34.3% 145.0% N/A
2019 N/A -6.9% 49.4% N/A

Total Return Ranking - Trailing

Period MSHOX Return Category Return Low Category Return High Rank in Category (%)
YTD 5.3% -37.8% 56.1% 99.55%
1 Yr 8.4% -36.3% 134.4% 98.73%
3 Yr 8.1%* -21.2% 35.4% 91.74%
5 Yr N/A* -12.8% 32.8% N/A
10 Yr N/A* -3.9% 21.1% N/A

* Annualized

Total Return Ranking - Calendar

Period MSHOX Return Category Return Low Category Return High Rank in Category (%)
2023 25.1% -4.6% 72.4% 86.31%
2022 -21.5% -61.7% 5.6% 15.94%
2021 15.5% -39.8% 118.1% 79.42%
2020 N/A 2.8% 149.2% N/A
2019 N/A -5.2% 49.4% N/A

NAV & Total Return History

MSHOX - Holdings

Concentration Analysis

MSHOX Category Low Category High MSHOX % Rank
Net Assets 4.51 M 296 K 287 B 98.73%
Number of Holdings 71 2 3061 40.83%
Net Assets in Top 10 2.47 M 126 K 150 B 98.91%
Weighting of Top 10 53.59% 0.7% 205.0% 49.59%

Top 10 Holdings

  1. Cloudflare Inc 8.93%
  2. Intercontinental Exchange Inc 6.48%
  3. Floor Decor Holdings Inc 6.11%
  4. American Tower Corp 5.61%
  5. Danaher Corp 5.08%
  6. Royalty Pharma PLC 4.94%
  7. Union Pacific Corp 4.89%
  8. Eurofins Scientific SE 3.96%
  9. Texas Pacific Land Corp 3.82%
  10. Amazon.com Inc 3.76%

Asset Allocation

Weighting Return Low Return High MSHOX % Rank
Stocks 		98.19% 0.00% 123.52% 65.88%
Cash 		1.73% 0.00% 173.52% 30.85%
Other 		0.08% -36.56% 50.35% 18.87%
Preferred Stocks 		0.00% 0.00% 8.45% 37.30%
Convertible Bonds 		0.00% 0.00% 1.94% 27.82%
Bonds 		0.00% 0.00% 102.71% 30.22%

Stock Sector Breakdown

Weighting Return Low Return High MSHOX % Rank
Technology 		26.20% 0.00% 65.70% 79.27%
Consumer Cyclical 		22.77% 0.00% 62.57% 8.82%
Healthcare 		15.05% 0.00% 39.76% 26.91%
Industrials 		12.12% 0.00% 30.65% 8.18%
Consumer Defense 		7.03% 0.00% 25.50% 11.27%
Financial Services 		6.78% 0.00% 43.06% 73.18%
Basic Materials 		3.89% 0.00% 18.91% 12.09%
Communication Services 		2.34% 0.00% 66.40% 95.91%
Real Estate 		2.19% 0.00% 16.05% 25.91%
Energy 		1.63% 0.00% 41.09% 29.91%
Utilities 		0.00% 0.00% 16.07% 50.64%

Stock Geographic Breakdown

Weighting Return Low Return High MSHOX % Rank
US 		82.81% 0.00% 123.52% 97.46%
Non US 		15.37% 0.00% 75.46% 1.63%

MSHOX - Expenses

Operational Fees

MSHOX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 14.88% 0.01% 28.71% 0.18%
Management Fee 0.65% 0.00% 1.50% 59.32%
12b-1 Fee 1.00% 0.00% 1.00% 85.19%
Administrative Fee N/A 0.01% 1.02% 40.69%

Sales Fees

MSHOX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.25% 8.50% N/A
Deferred Load 1.00% 1.00% 5.00% 33.60%

Trading Fees

MSHOX 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.

MSHOX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 70.00% 0.00% 316.74% 78.83%

MSHOX - Distributions

Dividend Yield Analysis

MSHOX Category Low Category High MSHOX % Rank
Dividend Yield 0.00% 0.00% 27.58% 2.72%

Dividend Distribution Analysis

MSHOX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annual SemiAnnual Annual

Net Income Ratio Analysis

MSHOX Category Low Category High MSHOX % Rank
Net Income Ratio -1.09% -6.13% 3.48% 89.80%

Capital Gain Distribution Analysis

MSHOX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Distributions History

View More +

MSHOX - Fund Manager Analysis

Managers

Alexander Norton

Start Date

Tenure

Tenure Rank

Mar 31, 2020

2.17

2.2%

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.

Armistead Nash

Start Date

Tenure

Tenure Rank

Mar 31, 2020

2.17

2.2%

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.

Manas Gautam

Start Date

Tenure

Tenure Rank

Mar 31, 2020

2.17

2.2%

Mr. Gautam has been associated with Stanley Investment Management Inc. in an investment management capacity since 2015 and has six years of investment experience. Prior to joining Stanley Investment Management, Mr. Gautam was an associate at Osmium Partners and served as a Board Observer at Spark Networks, Inc. In addition, Mr. Gautam was previously a research analyst at a family office and a research intern at Lane Five Capital Management.

David Cohen

Start Date

Tenure

Tenure Rank

Mar 31, 2020

2.17

2.2%

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.

Jason Yeung

Start Date

Tenure

Tenure Rank

Mar 31, 2020

2.17

2.2%

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.

Dennis Lynch

Start Date

Tenure

Tenure Rank

Mar 31, 2020

2.17

2.2%

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.

Sandeep (Sam) Chainani

Start Date

Tenure

Tenure Rank

Mar 31, 2020

2.17

2.2%

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.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 54.45 8.25 3.08

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