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Trending ETFs

Ultra Short Income Portfolio

mutual fund
MUIIX
Payout Change
Pending
Price as of:
$9.99 +0.0 +0.0%
primary theme
U.S. Ultrashort Bond Duration
share class
I (MULSX) Instl (MUIIX) A (MUAIX)
MUIIX (Mutual Fund)

Ultra Short Income Portfolio

Payout Change
Pending
Price as of:
$9.99 +0.0 +0.0%
primary theme
U.S. Ultrashort Bond Duration
share class
I (MULSX) Instl (MUIIX) A (MUAIX)
MUIIX (Mutual Fund)

Ultra Short Income Portfolio

Payout Change
Pending
Price as of:
$9.99 +0.0 +0.0%
primary theme
U.S. Ultrashort Bond Duration
share class
I (MULSX) Instl (MUIIX) A (MUAIX)

Name

As of 12/10/2024

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

Ultra Short Income Portfolio

MUIIX | Fund

$9.99

$11.9 B

4.90%

$0.49

0.35%

Vitals

YTD Return

5.5%

1 yr return

5.5%

3 Yr Avg Return

3.9%

5 Yr Avg Return

2.5%

Net Assets

$11.9 B

Holdings in Top 10

29.1%

52 WEEK LOW AND HIGH

$10.0
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.35%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A

Min Investment

Standard (Taxable)

$5,000,000

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 12/10/2024

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

Ultra Short Income Portfolio

MUIIX | Fund

$9.99

$11.9 B

4.90%

$0.49

0.35%

MUIIX - Profile

Distributions

  • YTD Total Return 5.5%
  • 3 Yr Annualized Total Return 3.9%
  • 5 Yr Annualized Total Return 2.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.16%
DIVIDENDS
  • Dividend Yield 4.9%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Ultra Short Income Portfolio
  • Fund Family Name
    Morgan Stanley Funds
  • Inception Date
    Apr 29, 2016
  • Shares Outstanding
    N/A
  • Share Class
    Instl
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Jonas Kolk

Fund Description

The Fund invests primarily in liquid, high quality U.S. dollar-denominated money market instruments of U.S. and foreign financial issuers and non-financial issuers. The Fund also invests in obligations issued or guaranteed by the U.S. Government and its agencies
and instrumentalities. The Fund’s money market investments may include commercial paper, corporate debt obligations, debt obligations (including certificates of deposit and promissory notes) of U.S. banks or foreign banks, or of U.S. branches or subsidiaries of foreign banks, or foreign branches of U.S. banks (such as Yankee obligations), certificates of deposit of savings banks and savings and loan organizations, asset-backed securities, repurchase agreements and municipal obligations.
Pursuant to a fundamental policy adopted by the Fund, the Fund invests, under normal circumstances, at least 25% of its total assets in securities issued by companies in the financial services industry, including banks, broker-dealers and insurance companies.
Securities purchased by the Fund (or the issuers of such securities) will carry a rating in the highest two rating categories, A-2, P-2 or F2 or better by S&P Global Ratings Group, a division of S&P Global Inc. (“S&P”), Moody’s Investors Service, Inc. (“Moody’s”), or Fitch Ratings, Inc. (“Fitch”), respectively, or the equivalent by another nationally recognized statistical rating organization (“NRSRO”), or if unrated, considered by the Adviser to be of equivalent quality.  The Fund may invest up to 5% of its assets, determined at the time of investment, in securities (or the issuers of such securities) rated A-2, P-2 or F2 by S&P, Moody’s or Fitch, respectively, and no more than 1% of its assets will be invested in an individual security or issuer with such rating. In the case of a security that is rated differently by these three rating agencies, where two rating agencies rate the security in the highest rating category and the third rating agency rates the security in the second highest rating category, the security will be treated as rated in the highest rating category. In the case of a security that is differently rated by only two of these rating agencies, the security will be treated as rated in the lower rating category.
Under normal circumstances, the Fund intends to maintain a maximum weighted average maturity of 90 days and a maximum weighted average life of 180 days.
The Fund is not a money market fund and does not seek to maintain a stable net asset value per share (“NAV”).
The Adviser follows a multi-pronged investment process with respect to credit risk, interest rate risk and liquidity. Securities are reviewed on an ongoing basis to maintain or improve creditworthiness taking into consideration factors such as cash flow, asset quality, debt service coverage ratios and economic developments. Additionally, exposure to guarantors and liquidity providers is monitored separately as are the various diversification requirements. The Adviser manages the Fund’s assets in an attempt to reduce credit and interest rate risks.
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MUIIX - Performance

Return Ranking - Trailing

Period MUIIX Return Category Return Low Category Return High Rank in Category (%)
YTD 5.5% 0.3% 8.6% 61.79%
1 Yr 5.5% 1.3% 9.3% 81.13%
3 Yr 3.9%* -0.9% 7.1% 34.31%
5 Yr 2.5%* -0.8% 4.4% 62.96%
10 Yr N/A* -4.1% 27.9% N/A

* Annualized

Return Ranking - Calendar

Period MUIIX Return Category Return Low Category Return High Rank in Category (%)
2023 0.2% -2.3% 4.3% 88.68%
2022 -0.1% -6.5% 0.5% 4.88%
2021 0.0% -2.1% 0.3% 9.05%
2020 -0.4% -3.1% 1.8% 82.72%
2019 0.1% -1.2% 6.1% 79.01%

Total Return Ranking - Trailing

Period MUIIX Return Category Return Low Category Return High Rank in Category (%)
YTD 5.5% 0.3% 8.6% 61.79%
1 Yr 5.5% 1.3% 9.3% 81.13%
3 Yr 3.9%* -0.9% 7.1% 34.31%
5 Yr 2.5%* -0.8% 4.4% 62.96%
10 Yr N/A* -4.1% 27.9% N/A

* Annualized

Total Return Ranking - Calendar

Period MUIIX Return Category Return Low Category Return High Rank in Category (%)
2023 5.0% 0.8% 12.1% 85.85%
2022 1.3% -5.1% 2.5% 5.37%
2021 0.1% -2.1% 14.5% 47.24%
2020 0.6% -1.0% 3.6% 91.62%
2019 1.2% 0.3% 9.6% 96.69%

NAV & Total Return History

MUIIX - Holdings

Concentration Analysis

MUIIX Category Low Category High MUIIX % Rank
Net Assets 11.9 B 26.6 K 22.6 B 3.77%
Number of Holdings 136 2 1258 79.25%
Net Assets in Top 10 3.25 B 27.7 K 22.7 B 6.60%
Weighting of Top 10 29.08% 6.3% 159.6% 35.85%

Top 10 Holdings

  1. THE BANK OF NEW YORK MELLON 4.08%
  2. MUFG SECURITIES AMERICAS INC:0 3.76%
  3. Nationwide Building Society 3.58%
  4. TD SECS US:0.000 01OCT2024 2.69%
  5. BNP PARIBAS PRIME BROKERAGE IN 2.69%
  6. TRI-PARTY JP MORGAN SECURITIES 2.60%
  7. Chariot Funding LLC 2.55%
  8. American Honda Finance Corp 2.51%
  9. Societe Generale SA 2.38%
  10. BNG Bank NV 2.24%

Asset Allocation

Weighting Return Low Return High MUIIX % Rank
Cash 		46.31% 0.00% 112.72% 6.13%
Bonds 		30.31% 0.00% 129.63% 94.81%
Other 		23.73% -13.48% 99.96% 16.98%
Convertible Bonds 		2.76% 0.00% 15.25% 50.71%
Stocks 		0.00% 0.00% 97.16% 70.75%
Preferred Stocks 		0.00% 0.00% 1.02% 66.98%

Bond Sector Breakdown

Weighting Return Low Return High MUIIX % Rank
Cash & Equivalents 		46.31% 0.00% 112.72% 6.13%
Corporate 		7.87% 0.00% 99.91% 78.67%
Derivative 		0.00% -13.48% 16.56% 58.49%
Securitized 		0.00% 0.00% 100.00% 92.89%
Municipal 		0.00% 0.00% 70.39% 84.36%
Government 		0.00% 0.00% 100.00% 91.47%

Bond Geographic Breakdown

Weighting Return Low Return High MUIIX % Rank
US 		30.31% 0.00% 129.63% 94.81%
Non US 		0.00% 0.00% 20.18% 72.17%

MUIIX - Expenses

Operational Fees

MUIIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.35% 0.08% 29.63% 71.29%
Management Fee 0.20% 0.00% 1.19% 28.77%
12b-1 Fee 0.05% 0.00% 1.00% 26.83%
Administrative Fee 0.08% 0.01% 0.40% 26.09%

Sales Fees

MUIIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.50% 5.75% N/A
Deferred Load N/A 0.25% 1.00% N/A

Trading Fees

MUIIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.00% 1.00% 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.

MUIIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 0.00% 336.00% N/A

MUIIX - Distributions

Dividend Yield Analysis

MUIIX Category Low Category High MUIIX % Rank
Dividend Yield 4.90% 0.00% 8.76% 12.74%

Dividend Distribution Analysis

MUIIX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

MUIIX Category Low Category High MUIIX % Rank
Net Income Ratio 0.16% -1.30% 14.86% 77.45%

Capital Gain Distribution Analysis

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

Distributions History

View More +

MUIIX - Fund Manager Analysis

Managers

Jonas Kolk

Start Date

Tenure

Tenure Rank

Apr 28, 2016

6.09

6.1%

Jonas is a senior portfolio manager of various Morgan Stanley taxable money market funds. He joined Morgan Stanley in 2004 and has been with financial industry since 1991. Prior to joining the firm, he was a senior portfolio manager at AIG Capital Markets and Chase Asset Management and a money market trader at Metropolitan Life Insurance Co. Jonas received a B.S. in finance from the State University of New York, Albany and an M.B.A. from Fordham University Graduate School of Business.

Michael Cha

Start Date

Tenure

Tenure Rank

Apr 28, 2016

6.09

6.1%

Michael is a senior portfolio manager on the Global Liquidity team. He joined Morgan Stanley in 2008 and has 31 years of investment experience. Prior to joining the firm, Michael was a senior trader at Fidelity Investments. Previously, he worked for Barclays Global Investors as a portfolio manager and at Charles Schwab Investment Management as a trader. Michael received a B.S. in managerial economics from University of California, Davis.

David Schoenfeld

Start Date

Tenure

Tenure Rank

Jan 31, 2018

4.33

4.3%

David is a Portfolio Manager on the Global Liquidity team. He joined Morgan Stanley in 2012 and has 12 years of investment experience. Prior to joining the firm, David worked for Blackrock in Relationship Management-Analytics. Prior to that role, he worked for JP Morgan Chase, Drake Management LLC, and Nomura Securities International. David received a B.A. in political science from the University of Maryland, and an M.B.A. in finance from Baruch College. He passed his Series 7, 63, 4, and 24 registrations as well as the Chartered Alternative Investment Analyst (CAIA) designation.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 32.44 6.52 7.92

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