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US Core Portfolio
mutual fund
MUOCX
Payout Change
Pending
Price as of:
$28.61
-0.13
-0.45%
primary theme
U.S. Large-Cap Blend Equity
share class
MUOCX (Mutual Fund)
US Core Portfolio
Payout Change
Pending
Price as of:
$28.61
-0.13
-0.45%
primary theme
U.S. Large-Cap Blend Equity
share class
MUOCX (Mutual Fund)
US Core Portfolio
Payout Change
Pending
Price as of:
$28.61
-0.13
-0.45%
primary theme
U.S. Large-Cap Blend Equity
share class
Name
As of 12/10/2024Price
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
31.7%
1 yr return
36.0%
3 Yr Avg Return
6.9%
5 Yr Avg Return
15.6%
Net Assets
$358 M
Holdings in Top 10
58.5%
52 WEEK LOW AND HIGH
$28.7
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.92%
SALES FEES
Front Load N/A
Deferred Load 1.00%
TRADING FEES
Turnover 26.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/10/2024Price
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
MUOCX - Profile
Distributions
- YTD Total Return 31.7%
- 3 Yr Annualized Total Return 6.9%
- 5 Yr Annualized Total Return 15.6%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -0.80%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameUS Core Portfolio
-
Fund Family NameMorgan Stanley Funds
-
Inception DateMay 27, 2016
-
Shares OutstandingN/A
-
Share ClassC
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerPhillip Kim
Fund Description
Under normal market conditions, the Adviser seeks to achieve the Fund’s investment objective by investing primarily in U.S. companies.
The Adviser utilizes both a top-down and a bottom-up stock selection process, seeking investments in companies with attractive valuations, above-average appreciation potential and competitive dividend yields. In selecting securities for investment, the Adviser typically uses a combination of quantitative models and fundamental research. The Adviser primarily uses a sector-neutral factor model that is broadly grouped into the following four categories: momentum/risk, valuation, quality and growth to help identify market drivers. The Adviser then couples the model’s output with in-depth analysis of individual stocks based on internal and external research.
The Fund seeks to optimize factor tilts (e.g., growth vs. value, large cap vs. small cap) using factor models that the Adviser believes are driving the market, and identifies stocks that will achieve the desired factor tilts using quantitative models.
The Adviser actively integrates a non-binding sustainability analysis as a part of its bottom up stock selection component of the investment process. Sustainability analysis is inclusive of environmental; social and human capital; and business model, innovation, leadership and governance (“ESG”) issues. The Adviser gives particular credence to those ESG issues deemed to be material to a given industry, shown to potentially impact a company’s long term stock price performance.
Under normal circumstances, at least 80% of the Fund’s assets will be invested in equity securities of issuers located in the United States. This policy may be changed without shareholder approval; however, you would be notified upon 60 days’ notice in writing of any changes. The Fund’s equity investments may include common and preferred stocks and equity-linked securities, rights and warrants to purchase common stocks, depositary receipts, exchange-traded funds (“ETFs”) (including those which may be managed by the Adviser or its affiliates), limited partnership interests and other specialty securities having equity features.
The Fund may invest in foreign securities.
MUOCX - Performance
Return Ranking - Trailing
| Period | MUOCX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 31.7% | -25.4% | 48.4% | 4.37% |
| 1 Yr | 36.0% | -1.5% | 58.3% | 6.10% |
| 3 Yr | 6.9%* | -5.8% | 19.4% | 77.31% |
| 5 Yr | 15.6%* | -7.6% | 110.8% | 26.37% |
| 10 Yr | N/A* | -0.1% | 53.0% | N/A |
* Annualized
Return Ranking - Calendar
| Period | MUOCX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 16.8% | -42.6% | 47.4% | 59.01% |
| 2022 | -21.0% | -56.3% | -4.2% | 50.67% |
| 2021 | 34.6% | -27.2% | 537.8% | 0.93% |
| 2020 | 22.4% | -22.5% | 2181.7% | 3.78% |
| 2019 | 33.5% | -13.5% | 40.4% | 2.58% |
Total Return Ranking - Trailing
| Period | MUOCX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 31.7% | -25.4% | 48.4% | 4.37% |
| 1 Yr | 36.0% | -1.5% | 58.3% | 6.10% |
| 3 Yr | 6.9%* | -5.8% | 19.4% | 77.31% |
| 5 Yr | 15.6%* | -7.6% | 110.8% | 26.37% |
| 10 Yr | N/A* | -0.1% | 53.0% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | MUOCX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 16.8% | -5.0% | 47.4% | 82.48% |
| 2022 | -21.0% | -36.8% | -2.2% | 87.85% |
| 2021 | 34.6% | 3.0% | 537.8% | 2.87% |
| 2020 | 22.8% | -15.8% | 2266.0% | 8.43% |
| 2019 | 34.5% | -0.4% | 241.3% | 4.61% |
NAV & Total Return History
MUOCX - Holdings
Concentration Analysis
| MUOCX | Category Low | Category High | MUOCX % Rank | |
|---|---|---|---|---|
| Net Assets | 358 M | 2.34 M | 1.55 T | 73.81% |
| Number of Holdings | 34 | 2 | 3963 | 91.60% |
| Net Assets in Top 10 | 204 M | 880 K | 525 B | 68.53% |
| Weighting of Top 10 | 58.51% | 0.3% | 111.6% | 4.30% |
Top 10 Holdings
- NVIDIA Corp 8.94%
- Microsoft Corp 7.98%
- Apple Inc 7.09%
- Alphabet Inc 6.38%
- Amazon.com Inc 5.14%
- JPMorgan Chase Co 4.93%
- Progressive Corp/The 4.76%
- Costco Wholesale Corp 4.57%
- Ameriprise Financial Inc 4.56%
- Brown Brown Inc 4.16%
Asset Allocation
| Weighting | Return Low | Return High | MUOCX % Rank | |
|---|---|---|---|---|
| Stocks | 99.08% | 0.00% | 105.79% | 44.81% |
| Cash | 1.07% | 0.00% | 99.07% | 48.68% |
| Preferred Stocks | 0.00% | 0.00% | 2.03% | 9.47% |
| Other | 0.00% | -13.91% | 100.00% | 39.54% |
| Convertible Bonds | 0.00% | 0.00% | 5.54% | 4.30% |
| Bonds | 0.00% | 0.00% | 93.85% | 11.12% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | MUOCX % Rank | |
|---|---|---|---|---|
| Financial Services | 23.59% | 0.00% | 55.59% | 4.78% |
| Technology | 18.95% | 0.00% | 48.94% | 78.19% |
| Consumer Cyclical | 11.46% | 0.00% | 30.33% | 28.78% |
| Healthcare | 10.22% | 0.00% | 52.29% | 91.86% |
| Industrials | 7.62% | 0.00% | 29.90% | 83.98% |
| Communication Services | 7.39% | 0.00% | 27.94% | 65.02% |
| Energy | 6.70% | 0.00% | 41.64% | 9.31% |
| Consumer Defense | 6.55% | 0.00% | 47.71% | 58.22% |
| Real Estate | 4.70% | 0.00% | 31.91% | 8.47% |
| Utilities | 2.82% | 0.00% | 20.91% | 42.11% |
| Basic Materials | 0.00% | 0.00% | 25.70% | 94.04% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | MUOCX % Rank | |
|---|---|---|---|---|
| US | 99.08% | 0.00% | 105.79% | 36.57% |
| Non US | 0.00% | 0.00% | 63.83% | 23.31% |
MUOCX - Expenses
Operational Fees
| MUOCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.92% | 0.01% | 19.75% | 5.64% |
| Management Fee | 0.60% | 0.00% | 1.90% | 62.42% |
| 12b-1 Fee | 1.00% | 0.00% | 1.00% | 82.05% |
| Administrative Fee | 0.08% | 0.00% | 0.85% | 51.51% |
Sales Fees
| MUOCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 1.00% | 5.75% | N/A |
| Deferred Load | 1.00% | 1.00% | 5.00% | 6.84% |
Trading Fees
| MUOCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 0.25% | 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.
| MUOCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 26.00% | 0.00% | 268.00% | 54.64% |
MUOCX - Distributions
Dividend Yield Analysis
| MUOCX | Category Low | Category High | MUOCX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 25.47% | 89.35% |
Dividend Distribution Analysis
| MUOCX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | Quarterly | Annual |
Net Income Ratio Analysis
| MUOCX | Category Low | Category High | MUOCX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | -0.80% | -54.00% | 2.44% | 97.90% |
Capital Gain Distribution Analysis
| MUOCX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 12, 2022 | $0.010 | CapitalGainLongTerm |
| Dec 11, 2020 | $0.054 | CapitalGainLongTerm |
| Dec 11, 2019 | $0.102 | CapitalGainLongTerm |
| Dec 11, 2018 | $0.110 | CapitalGainLongTerm |
MUOCX - Fund Manager Analysis
Managers
Phillip Kim
Start Date
Tenure
Tenure Rank
May 27, 2016
6.01
6.0%
Phillip Kim is an Executive Director at Morgan Stanley Investment Management and Portfolio Manager for all Applied Equity Advisors strategies, as well as oversees all of the team’s quantitative and fundamental equity research. Previously, Phillip was a Quantitative Research Analyst for Morgan Stanley Smith Barney’s third-party Alternative Investment Research Group, where he was responsible for the implementation of the fund of hedge fund asset allocation model and risk analytic tools. Before joining the firm, Phillip worked as a senior software engineer at Raytheon, where he was responsible for design and construction of the world’s first high-altitude, long-endurance unmanned aerial vehicle (UAV). He also has experience in developing financial models, programming complex screening applications and worked at Pricewaterhouse Coopers as a financial simulation model developer. Phillip received a B.S. in chemical engineering from the University of Virginia, an M.S. in information systems from Johns Hopkins University and an MBA from the University of Chicago.
Andrew Slimmon
Start Date
Tenure
Tenure Rank
May 27, 2016
6.01
6.0%
Andrew Slimmon is a Managing Director at Morgan Stanley Investment Management where he is the lead Senior Portfolio Manager on all long equity strategies for Applied Equity Advisors. Andrew is also a member of the Morgan Stanley Wealth Management Global Investment Committee. He has 32 years of investment management experience. He began his career at Morgan Stanley in 1991 as an Advisor in Private Wealth Management, and later served as the Chief Investment Officer of the Morgan Stanley Trust Company. Prior to joining the firm, Andrew was a buy-side equity research analyst with ARCO Investment Management. He began his investment career as an analyst and then portfolio manager for Brown Brothers Harriman, a private bank. He is a regular guest on CNBC. Additionally, he has appeared on CNBC Europe and Bloomberg TV and is quoted regularly in The Wall Street Journal, Barron’s, Bloomberg, and Reuters. Andrew received a B.A. in economics from the University of Pennsylvania and an MBA from the University of Chicago.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.04 | 39.02 | 7.27 | 2.42 |
