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Trending ETFs

US Real Estate Portfolio

mutual fund
MSRBX
Payout Change
Pending
Price as of:
$15.85 +0.02 +0.13%
primary theme
Real Estate Sector Equity
share class
MSRBX (Mutual Fund)

US Real Estate Portfolio

Payout Change
Pending
Price as of:
$15.85 +0.02 +0.13%
primary theme
Real Estate Sector Equity
share class
MSRBX (Mutual Fund)

US Real Estate Portfolio

Payout Change
Pending
Price as of:
$15.85 +0.02 +0.13%
primary theme
Real Estate Sector Equity
share class

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

$15.85

$253 M

2.26%

$0.36

1.11%

Vitals

YTD Return

12.6%

1 yr return

28.4%

3 Yr Avg Return

2.0%

5 Yr Avg Return

2.2%

Net Assets

$253 M

Holdings in Top 10

58.2%

52 WEEK LOW AND HIGH

$15.8
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.11%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 129.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$0

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

$15.85

$253 M

2.26%

$0.36

1.11%

MSRBX - Profile

Distributions

  • YTD Total Return 12.6%
  • 3 Yr Annualized Total Return 2.0%
  • 5 Yr Annualized Total Return 2.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.11%
DIVIDENDS
  • Dividend Yield 2.3%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    US Real Estate Portfolio
  • Fund Family Name
    Morgan Stanley Funds
  • Inception Date
    May 01, 2017
  • Shares Outstanding
    N/A
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Laurel Durkay

Fund Description

The Adviser seeks a combination of above average current income and long-term capital appreciation by investing primarily in equity securities of companies in the U.S. real estate industry, including real estate investment trusts (“REITs”). The Fund focuses on REITs as well as real estate operating companies (“REOCs”) that invest in a variety of property types and regions.
Under normal circumstances, at least 80% of the Fund’s assets will be invested in equity securities of companies in the U.S. real estate industry. This policy may be changed without shareholder approval; however, you would be notified upon 60 days’ notice in writing of any changes.
The Adviser actively manages the Fund using a combination of bottom-up and top-down methodologies. The Adviser’s proprietary models drive the bottom-up value-driven approach for stock selection, which is utilized to identify those companies that the Adviser determines represent the best value relative to their underlying assets and earnings. Analysts will assess real estate specific factors, broader equity factors, as well as environmental, social and governance (“ESG”)  factors in their fundamental analysis in order to calculate appropriate valuation metrics. Top-down considerations are incorporated into the portfolio construction process, and the
Adviser seeks to achieve exposure across sectors and integrate forecasted fundamental inflections and macroeconomic considerations, among other factors.
When deemed by the Adviser to be relevant to its evaluation of a company’s financial performance and when applicable information is available, the Adviser considers financially material environmental, social and/or governance issues (referred to as ESG) which may impact the prospects of an issuer or long-term stock price performance of a company. When considered, one or more ESG issues are taken into account alongside other factors in the investment decision-making process and are not the sole determinant of whether an investment can be made or will remain in the Fund’s portfolio.
The Adviser generally considers selling a portfolio holding based upon the relative valuation ranking of securities in the investment universe.
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MSRBX - Performance

Return Ranking - Trailing

Period MSRBX Return Category Return Low Category Return High Rank in Category (%)
YTD 12.6% -11.7% 21.6% 11.54%
1 Yr 28.4% -9.3% 42.7% 43.85%
3 Yr 2.0%* -11.7% 6.1% 29.46%
5 Yr 2.2%* -11.9% 15.6% 80.33%
10 Yr N/A* -2.5% 15.1% 97.20%

* Annualized

Return Ranking - Calendar

Period MSRBX Return Category Return Low Category Return High Rank in Category (%)
2023 12.0% -17.6% 24.6% 8.43%
2022 -44.7% -51.3% 2.7% 96.92%
2021 36.9% -7.7% 52.3% 17.25%
2020 -21.9% -42.2% 35.0% 95.87%
2019 12.4% -0.8% 43.1% 73.39%

Total Return Ranking - Trailing

Period MSRBX Return Category Return Low Category Return High Rank in Category (%)
YTD 12.6% -11.7% 21.6% 11.54%
1 Yr 28.4% -9.3% 42.7% 43.85%
3 Yr 2.0%* -11.7% 6.1% 29.46%
5 Yr 2.2%* -11.9% 15.6% 80.33%
10 Yr N/A* -2.5% 15.1% 97.24%

* Annualized

Total Return Ranking - Calendar

Period MSRBX Return Category Return Low Category Return High Rank in Category (%)
2023 14.2% -14.0% 25.0% 16.09%
2022 -27.2% -40.7% 7.8% 65.38%
2021 39.4% 7.8% 54.6% 61.57%
2020 -17.1% -36.6% 44.3% 95.04%
2019 18.7% 3.4% 46.4% 87.12%

NAV & Total Return History


MSRBX - Holdings

Concentration Analysis

MSRBX Category Low Category High MSRBX % Rank
Net Assets 253 M 1.39 M 61.4 B 55.12%
Number of Holdings 35 22 519 64.50%
Net Assets in Top 10 147 M 1.29 M 32.8 B 52.67%
Weighting of Top 10 58.20% 13.2% 90.0% 29.77%

Top 10 Holdings

  1. Equinix Inc 8.52%
  2. Welltower Inc 8.30%
  3. Prologis Inc 7.40%
  4. AvalonBay Communities Inc 6.38%
  5. Digital Realty Trust Inc 5.62%
  6. Simon Property Group Inc 4.78%
  7. Extra Space Storage Inc 4.67%
  8. Public Storage 4.66%
  9. Iron Mountain Inc 4.02%
  10. American Homes 4 Rent 3.86%

Asset Allocation

Weighting Return Low Return High MSRBX % Rank
Stocks
98.83% 0.00% 105.52% 58.78%
Cash
1.17% -42.50% 19.87% 44.66%
Preferred Stocks
0.00% 0.00% 31.13% 35.50%
Other
0.00% -89.90% 107.80% 42.37%
Convertible Bonds
0.00% 0.00% 10.95% 27.59%
Bonds
0.00% -3.17% 155.83% 33.21%

Stock Sector Breakdown

Weighting Return Low Return High MSRBX % Rank
Real Estate
95.65% 34.46% 100.00% 84.68%
Technology
2.54% 0.00% 12.02% 4.44%
Consumer Cyclical
1.81% 0.00% 45.29% 15.73%
Utilities
0.00% 0.00% 3.55% 22.18%
Industrials
0.00% 0.00% 7.39% 28.23%
Healthcare
0.00% 0.00% 0.53% 23.79%
Financial Services
0.00% 0.00% 37.05% 32.26%
Energy
0.00% 0.00% 33.11% 24.19%
Communication Services
0.00% 0.00% 11.61% 30.65%
Consumer Defense
0.00% 0.00% 0.93% 22.18%
Basic Materials
0.00% 0.00% 13.69% 26.21%

Stock Geographic Breakdown

Weighting Return Low Return High MSRBX % Rank
US
98.83% 0.00% 105.52% 52.29%
Non US
0.00% 0.00% 37.90% 31.68%

MSRBX - Expenses

Operational Fees

MSRBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.11% 0.07% 28.75% 57.14%
Management Fee 0.55% 0.00% 1.50% 18.32%
12b-1 Fee 0.25% 0.00% 1.00% 42.19%
Administrative Fee 0.08% 0.01% 0.45% 27.40%

Sales Fees

MSRBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.00% 5.75% N/A
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

MSRBX 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.

MSRBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 129.00% 0.11% 380.00% 90.53%

MSRBX - Distributions

Dividend Yield Analysis

MSRBX Category Low Category High MSRBX % Rank
Dividend Yield 2.26% 0.00% 13.03% 73.28%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

MSRBX Category Low Category High MSRBX % Rank
Net Income Ratio 1.11% -1.14% 6.05% 42.47%

Capital Gain Distribution Analysis

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

Distributions History

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MSRBX - Fund Manager Analysis

Managers

Laurel Durkay


Start Date

Tenure

Tenure Rank

Dec 07, 2020

1.48

1.5%

Laurel Durkay, Chartered Financial Analyst Managing Director Laurel Durkay joined Morgan Stanley in 2020 and has 20 years of investment experience. She is the Head of Global Listed Real Assets within Morgan Stanley Investment Management (MSIM) and the lead portfolio manager for US and Global listed real estate strategies. Prior to joining MSIM, Ms. Durkay was a Senior Vice President and Global Portfolio Manager for Listed Real Estate at Cohen & Steers Capital Management for 14 years. Previously, Ms. Durkay held several positions at Citigroup, including working on asset allocation and manag

Tenure Analysis

Category Low Category High Category Average Category Mode
0.01 28.42 8.12 2.68