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Trending ETFs

U.S. Focus Real Estate Portfolio

mutual fund
MAAYX
Payout Change
Pending
Price as of:
$10.08 +0.0 +0.0%
primary theme
N/A
share class
A (MAAYX) R6 (MABCX) I (MAAWX) C (MABBX)
MAAYX (Mutual Fund)

U.S. Focus Real Estate Portfolio

Payout Change
Pending
Price as of:
$10.08 +0.0 +0.0%
primary theme
N/A
share class
A (MAAYX) R6 (MABCX) I (MAAWX) C (MABBX)
MAAYX (Mutual Fund)

U.S. Focus Real Estate Portfolio

Payout Change
Pending
Price as of:
$10.08 +0.0 +0.0%
primary theme
N/A
share class
A (MAAYX) R6 (MABCX) I (MAAWX) C (MABBX)

Name

As of 10/31/2024

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

U.S. Focus Real Estate Portfolio

MAAYX | Fund

$10.08

$4.7 M

2.04%

$0.21

11.02%

Vitals

YTD Return

14.1%

1 yr return

32.7%

3 Yr Avg Return

-0.1%

5 Yr Avg Return

N/A

Net Assets

$4.7 M

Holdings in Top 10

62.9%

52 WEEK LOW AND HIGH

$10.1
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 11.02%

SALES FEES

Front Load 5.25%

Deferred Load N/A

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 10/31/2024

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

U.S. Focus Real Estate Portfolio

MAAYX | Fund

$10.08

$4.7 M

2.04%

$0.21

11.02%

MAAYX - Profile

Distributions

  • YTD Total Return 14.1%
  • 3 Yr Annualized Total Return -0.1%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.56%
DIVIDENDS
  • Dividend Yield 2.0%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    U.S. Focus Real Estate Portfolio
  • Fund Family Name
    Morgan Stanley Funds
  • Inception Date
    Oct 04, 2021
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Laurel Durkay

Fund Description

Under normal circumstances, at least 80% of the Fund’s net assets (plus any borrowings for investment purposes) will be invested in securities of companies in the U.S. real estate industry, including U.S. real estate investment trusts (“REITs”), U.S. real estate operating companies (“REOCs”) and U.S. companies with substantial real estate-related holdings and/or services related to the real estate industry, including, but not limited to, leasing, real estate management, brokers, and building products. This policy may be changed without shareholder approval; however, shareholders would be notified upon 60 days’ notice in writing of any changes. The Fund  has a fundamental policy (i.e., one that cannot be changed without shareholder approval) of investing 25% or more of its total assets  in the real estate industry. The Fund may invest in equity securities, including common and preferred stocks, convertible securities and equity-linked securities, rights and warrants to purchase equity securities, depositary receipts including American Depositary Receipts (“ADRs”), shares of investment companies (including those which may be managed by the Adviser or its affiliates), limited partnership interests and other specialty securities having equity features.
A company is considered to be in the U.S. real estate industry if it meets the following tests: (1) a company is considered to be from the United States (i) if its securities are traded on a recognized stock exchange in the United States, (ii) if alone or on a consolidated basis it derives 50% or more of its annual revenues or profits from either goods produced, sales made or services performed in the United States or has at least 50% of its assets in the United States or (iii) if it is organized or has a principal office in the United States; and (2) a company is considered to be in the real estate industry if it (i) derives at least 50% of its revenues or profits from the ownership, operation, development, construction, management, financing, leasing or sale of residential, commercial or industrial real estate and land; (ii) derives at least 50% of its revenues or profits from products or services provided or related to residential, commercial or industrial real estate and land; or (iii) has at least 50% of the fair market value of its assets invested in residential, commercial or industrial real estate and land.
The Adviser actively manages the Fund using a disciplined, bottom-up, fundamentally-driven investment methodology. The Fund will invest in those securities for which the Adviser determines to have the best forward total return potential based upon relative valuation. The Adviser will assess real estate specific factors, broader equity factors, as well as environmental, social and governance
factors (also referred to as ESG) in its 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. The Adviser actively selects positions in a limited number of equity securities. The Adviser generally considers selling a portfolio holding based upon the relative valuation ranking of securities in the investment universe.
The Fund may invest without limit in all types of REITs, including timber REITs, tower REITs and other REITs. The Fund also may invest in exchange-traded funds (“ETFs”).
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 ESG issues 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.
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MAAYX - Performance

Return Ranking - Trailing

Period MAAYX Return Category Return Low Category Return High Rank in Category (%)
YTD 14.1% -8.2% 22.3% 23.83%
1 Yr 32.7% -9.5% 47.0% 60.94%
3 Yr -0.1%* -12.6% 5.4% 51.18%
5 Yr N/A* -12.2% 14.9% N/A
10 Yr N/A* -2.3% 14.6% N/A

* Annualized

Return Ranking - Calendar

Period MAAYX Return Category Return Low Category Return High Rank in Category (%)
2023 11.0% -16.2% 24.6% 16.86%
2022 -29.1% -51.3% 2.5% 31.50%
2021 N/A -7.7% 52.3% N/A
2020 N/A -42.2% 35.0% N/A
2019 N/A 0.0% 43.1% N/A

Total Return Ranking - Trailing

Period MAAYX Return Category Return Low Category Return High Rank in Category (%)
YTD 14.1% -8.2% 22.3% 23.83%
1 Yr 32.7% -9.5% 47.0% 60.94%
3 Yr -0.1%* -12.6% 5.4% 51.18%
5 Yr N/A* -12.2% 14.9% N/A
10 Yr N/A* -2.3% 14.6% N/A

* Annualized

Total Return Ranking - Calendar

Period MAAYX Return Category Return Low Category Return High Rank in Category (%)
2023 12.9% -13.7% 25.0% 31.37%
2022 -27.8% -40.7% 7.8% 78.74%
2021 N/A 7.8% 54.6% N/A
2020 N/A -36.6% 44.3% N/A
2019 N/A 4.1% 46.4% N/A

NAV & Total Return History

MAAYX - Holdings

Concentration Analysis

MAAYX Category Low Category High MAAYX % Rank
Net Assets 4.7 M 1.39 M 61.4 B 96.39%
Number of Holdings 27 22 519 93.75%
Net Assets in Top 10 2.93 M 1.29 M 32.8 B 96.48%
Weighting of Top 10 62.93% 13.2% 90.0% 15.23%

Top 10 Holdings

  1. Welltower Inc 8.75%
  2. American Tower Corp 8.18%
  3. Equinix Inc 8.18%
  4. Extra Space Storage Inc 7.98%
  5. AvalonBay Communities Inc 7.62%
  6. Simon Property Group Inc 5.61%
  7. Digital Realty Trust Inc 4.72%
  8. Essential Properties Realty Trust Inc 3.99%
  9. Prologis Inc 3.95%
  10. American Homes 4 Rent 3.93%

Asset Allocation

Weighting Return Low Return High MAAYX % Rank
Stocks 		97.75% 0.00% 105.52% 69.92%
Cash 		2.25% -42.50% 24.34% 21.09%
Preferred Stocks 		0.00% 0.00% 31.13% 25.00%
Other 		0.00% -89.90% 104.09% 36.72%
Convertible Bonds 		0.00% 0.00% 10.95% 16.08%
Bonds 		0.00% 0.00% 155.83% 21.48%

Stock Sector Breakdown

Weighting Return Low Return High MAAYX % Rank
Real Estate 		94.80% 34.46% 100.00% 89.34%
Consumer Cyclical 		2.78% 0.00% 45.29% 12.70%
Technology 		2.42% 0.00% 12.02% 7.79%
Utilities 		0.00% 0.00% 3.55% 13.93%
Industrials 		0.00% 0.00% 7.39% 18.85%
Healthcare 		0.00% 0.00% 0.53% 13.93%
Financial Services 		0.00% 0.00% 37.05% 21.72%
Energy 		0.00% 0.00% 33.11% 14.75%
Communication Services 		0.00% 0.00% 11.61% 22.95%
Consumer Defense 		0.00% 0.00% 0.93% 12.30%
Basic Materials 		0.00% 0.00% 13.69% 18.44%

Stock Geographic Breakdown

Weighting Return Low Return High MAAYX % Rank
US 		96.79% 0.00% 105.52% 68.75%
Non US 		0.96% 0.00% 37.90% 9.77%

MAAYX - Expenses

Operational Fees

MAAYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 11.02% 0.07% 28.75% 1.58%
Management Fee 0.60% 0.00% 1.50% 27.73%
12b-1 Fee 0.25% 0.00% 1.00% 33.07%
Administrative Fee 0.08% 0.01% 0.45% 26.03%

Sales Fees

MAAYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 5.25% 3.00% 5.75% 59.09%
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

MAAYX 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.

MAAYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 26.00% 0.11% 380.00% 29.54%

MAAYX - Distributions

Dividend Yield Analysis

MAAYX Category Low Category High MAAYX % Rank
Dividend Yield 2.04% 0.00% 13.03% 76.95%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

MAAYX Category Low Category High MAAYX % Rank
Net Income Ratio 0.56% -1.14% 6.05% 76.68%

Capital Gain Distribution Analysis

MAAYX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Distributions History

View More +

MAAYX - Fund Manager Analysis

Managers

Laurel Durkay

Start Date

Tenure

Tenure Rank

Sep 30, 2021

0.67

0.7%

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 8.17 2.68

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