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US Real Estate Portfolio
mutual fund
MSRBX
Payout Change
Pending
Price as of:
$16.22
+0.0
+0.0%
primary theme
N/A
share class
MSRBX (Mutual Fund)
US Real Estate Portfolio
Payout Change
Pending
Price as of:
$16.22
+0.0
+0.0%
primary theme
N/A
share class
MSRBX (Mutual Fund)
US Real Estate Portfolio
Payout Change
Pending
Price as of:
$16.22
+0.0
+0.0%
primary theme
N/A
share class
Name
As of 12/06/2024Price
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
15.2%
1 yr return
22.4%
3 Yr Avg Return
0.2%
5 Yr Avg Return
2.2%
Net Assets
$267 M
Holdings in Top 10
58.0%
52 WEEK LOW AND HIGH
$16.2
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 12/06/2024Price
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
MSRBX - Profile
Distributions
- YTD Total Return 15.2%
- 3 Yr Annualized Total Return 0.2%
- 5 Yr Annualized Total Return 2.2%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.11%
- Dividend Yield 2.2%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameUS Real Estate Portfolio
-
Fund Family NameMorgan Stanley Funds
-
Inception DateMay 01, 2017
-
Shares OutstandingN/A
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerLaurel 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.
MSRBX - Performance
Return Ranking - Trailing
| Period | MSRBX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 15.2% | -5.8% | 22.1% | 13.75% |
| 1 Yr | 22.4% | -7.9% | 31.6% | 15.00% |
| 3 Yr | 0.2%* | -12.1% | 6.1% | 26.47% |
| 5 Yr | 2.2%* | -12.0% | 15.1% | 87.05% |
| 10 Yr | N/A* | -2.0% | 14.3% | 97.20% |
* Annualized
Return Ranking - Calendar
| Period | MSRBX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 12.0% | -16.2% | 24.6% | 9.21% |
| 2022 | -44.7% | -51.3% | 2.5% | 96.64% |
| 2021 | 36.9% | -7.7% | 52.3% | 17.72% |
| 2020 | -21.9% | -42.2% | 35.0% | 95.54% |
| 2019 | 12.4% | 0.0% | 43.1% | 75.12% |
Total Return Ranking - Trailing
| Period | MSRBX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 15.2% | -5.8% | 22.1% | 13.75% |
| 1 Yr | 22.4% | -7.9% | 31.6% | 15.00% |
| 3 Yr | 0.2%* | -12.1% | 6.1% | 26.47% |
| 5 Yr | 2.2%* | -12.0% | 15.1% | 87.05% |
| 10 Yr | N/A* | -2.0% | 14.3% | 97.24% |
* Annualized
Total Return Ranking - Calendar
| Period | MSRBX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 14.2% | -13.7% | 25.0% | 15.48% |
| 2022 | -27.2% | -40.7% | 7.8% | 65.13% |
| 2021 | 39.4% | 7.8% | 54.6% | 63.29% |
| 2020 | -17.1% | -36.6% | 44.3% | 97.32% |
| 2019 | 18.7% | 4.1% | 46.4% | 88.48% |
NAV & Total Return History
MSRBX - Holdings
Concentration Analysis
| MSRBX | Category Low | Category High | MSRBX % Rank | |
|---|---|---|---|---|
| Net Assets | 267 M | 2.26 M | 61.4 B | 56.65% |
| Number of Holdings | 35 | 22 | 548 | 73.33% |
| Net Assets in Top 10 | 155 M | 1.29 M | 32.8 B | 56.67% |
| Weighting of Top 10 | 58.03% | 13.2% | 82.2% | 29.58% |
Top 10 Holdings
- Equinix Inc 9.11%
- Welltower Inc 8.78%
- Prologis Inc 7.28%
- AvalonBay Communities Inc 5.60%
- Public Storage 5.06%
- Realty Income Corp 4.89%
- Digital Realty Trust Inc 4.75%
- Extra Space Storage Inc 4.54%
- Simon Property Group Inc 4.10%
- VICI Properties Inc 3.93%
Asset Allocation
| Weighting | Return Low | Return High | MSRBX % Rank | |
|---|---|---|---|---|
| Stocks | 99.41% | 0.00% | 100.25% | 25.83% |
| Cash | 0.59% | -42.50% | 24.34% | 62.50% |
| Preferred Stocks | 0.00% | 0.00% | 31.13% | 21.67% |
| Other | 0.00% | -82.45% | 106.21% | 32.92% |
| Convertible Bonds | 0.00% | 0.00% | 10.95% | 11.72% |
| Bonds | 0.00% | 0.00% | 149.68% | 19.17% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | MSRBX % Rank | |
|---|---|---|---|---|
| Real Estate | 95.65% | 34.46% | 100.00% | 89.47% |
| Technology | 2.54% | 0.00% | 12.02% | 4.82% |
| Consumer Cyclical | 1.81% | 0.00% | 45.29% | 12.72% |
| Utilities | 0.00% | 0.00% | 3.55% | 7.46% |
| Industrials | 0.00% | 0.00% | 7.39% | 14.47% |
| Healthcare | 0.00% | 0.00% | 0.53% | 8.77% |
| Financial Services | 0.00% | 0.00% | 37.05% | 19.30% |
| Energy | 0.00% | 0.00% | 33.11% | 8.33% |
| Communication Services | 0.00% | 0.00% | 11.61% | 17.11% |
| Consumer Defense | 0.00% | 0.00% | 0.93% | 5.70% |
| Basic Materials | 0.00% | 0.00% | 13.69% | 12.28% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | MSRBX % Rank | |
|---|---|---|---|---|
| US | 99.41% | 0.00% | 100.25% | 19.58% |
| Non US | 0.00% | 0.00% | 37.90% | 16.25% |
MSRBX - Expenses
Operational Fees
| MSRBX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.11% | 0.07% | 8.91% | 54.85% |
| Management Fee | 0.55% | 0.00% | 1.50% | 19.58% |
| 12b-1 Fee | 0.25% | 0.00% | 1.00% | 30.77% |
| Administrative Fee | 0.08% | 0.01% | 0.45% | 29.51% |
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% | 92.41% |
MSRBX - Distributions
Dividend Yield Analysis
| MSRBX | Category Low | Category High | MSRBX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 2.22% | 0.00% | 13.03% | 73.75% |
Dividend Distribution Analysis
| MSRBX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | Monthly | Quarterly |
Net Income Ratio Analysis
| MSRBX | Category Low | Category High | MSRBX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.11% | -1.14% | 6.05% | 44.30% |
Capital Gain Distribution Analysis
| MSRBX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Jul 06, 2023 | $0.266 | OrdinaryDividend |
| Jul 06, 2022 | $0.187 | OrdinaryDividend |
| Jul 06, 2022 | $1.690 | CapitalGainShortTerm |
| Jul 06, 2022 | $2.568 | CapitalGainLongTerm |
| Jul 07, 2021 | $0.375 | OrdinaryDividend |
| Jul 07, 2020 | $0.425 | OrdinaryDividend |
| Jul 07, 2020 | $0.013 | CapitalGainShortTerm |
| Jul 07, 2020 | $0.461 | CapitalGainLongTerm |
| Jul 05, 2019 | $0.357 | OrdinaryDividend |
| Jul 05, 2019 | $0.063 | CapitalGainShortTerm |
| Jul 05, 2019 | $0.768 | CapitalGainLongTerm |
| Jul 05, 2018 | $0.517 | OrdinaryDividend |
| Jul 05, 2017 | $0.269 | OrdinaryDividend |
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 | 8.3 | 16.42 |
