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Emerging Markets Leaders Portfolio
mutual fund
MSIWX
Payout Change
Suspended
Price as of:
$15.81
-0.03
-0.19%
primary theme
Emerging Markets Equity
share class
MSIWX (Mutual Fund)
Emerging Markets Leaders Portfolio
Payout Change
Suspended
Price as of:
$15.81
-0.03
-0.19%
primary theme
Emerging Markets Equity
share class
MSIWX (Mutual Fund)
Emerging Markets Leaders Portfolio
Payout Change
Suspended
Price as of:
$15.81
-0.03
-0.19%
primary theme
Emerging Markets 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
6.8%
1 yr return
11.2%
3 Yr Avg Return
-7.4%
5 Yr Avg Return
N/A
Net Assets
$241 M
Holdings in Top 10
57.2%
52 WEEK LOW AND HIGH
$15.8
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 29.98%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 27.00%
Redemption Fee 2.00%
Min Investment
Standard (Taxable)
$10,000,000
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
MSIWX - Profile
Distributions
- YTD Total Return 6.8%
- 3 Yr Annualized Total Return -7.4%
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio -0.80%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameEmerging Markets Leaders Portfolio
-
Fund Family NameMorgan Stanley Funds
-
Inception DateApr 16, 2021
-
Shares OutstandingN/A
-
Share ClassI
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerVishal Gupta
Fund Description
The Adviser and the Fund’s “Sub-Adviser,” Morgan Stanley Investment Management Company (“MSIM Company”), seek to achieve the Fund’s investment objective by investing primarily in equity securities of companies located in emerging market countries.
The Adviser and/or Sub-Adviser generally use a fundamental bottom-up stock selection process informed by macro thematic research on overall emerging markets. The Adviser and/or Sub-Adviser will employ this consistent and targeted approach seeking companies they expect to become leading companies in emerging markets as well as developed country domiciled companies where a large portion of the companies’ growth is taking place in emerging market countries. The Adviser and/or Sub-Adviser seek to construct a focused portfolio of equity securities designed to take advantage of thematic opportunities in emerging markets by seeking to invest in companies that they believe have the potential to outperform emerging markets generally over the long-term.
The investment process takes into account information about environmental, social and governance issues (also referred to as ESG) when making investment decisions. The Adviser and/or Sub-Adviser focus on engaging company management around corporate governance practices as well as what the Adviser and/or Sub-Adviser deem to be materially important environmental and/or social issues facing a company. The investment process excludes holdings in tobacco companies.
Under normal circumstances, at least 80% of the Fund’s assets will be invested in equity securities of issuers located in emerging market countries. This policy may be changed without shareholder approval; however, you would be notified upon 60 days’ notice in writing of any changes. The Adviser and/or Sub-Adviser generally consider selling an investment when they determine the company no longer satisfies their investment criteria.
The equity securities in which the Fund may primarily invest include common and preferred stocks, convertible securities, rights, warrants, depositary receipts, limited partnership interests and other specialty securities having equity features. The Fund may hold or have exposure to equity securities of companies of any size, including small and medium capitalization companies, and to companies in any industry or sector.
For purposes of maintaining exposure of at least 80% of the Fund’s assets to equity securities of companies located in emerging market countries, the Fund may also invest in American Depositary Receipts (“ADRs”), Global Depositary Receipts (“GDRs”) and other types of depositary receipts with respect to companies located in emerging market countries.
The Fund may, but it is not required to, use derivative instruments for a variety of purposes, including hedging, risk management, portfolio management or to earn income. The Fund’s use of derivatives may involve the purchase and sale of derivative instruments such as options, futures, swaps, contracts for difference (“CFDs”), structured investments and other related instruments and techniques. The Fund may utilize foreign currency forward exchange contracts, which are also derivatives, in connection with its investments in foreign securities. Derivative instruments used by the Fund will be counted toward the Fund’s 80% policy discussed above to the extent they have economic characteristics similar to the securities included within that policy.
MSIWX - Performance
Return Ranking - Trailing
| Period | MSIWX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 6.8% | -11.8% | 39.7% | 76.89% |
| 1 Yr | 11.2% | -7.9% | 41.1% | 79.32% |
| 3 Yr | -7.4%* | -11.5% | 11.3% | 94.68% |
| 5 Yr | N/A* | -5.1% | 12.3% | 7.98% |
| 10 Yr | N/A* | -1.3% | 6.9% | 12.47% |
* Annualized
Return Ranking - Calendar
| Period | MSIWX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 12.3% | -6.5% | 35.5% | 22.59% |
| 2022 | -33.5% | -50.1% | -2.4% | 91.94% |
| 2021 | N/A | -33.1% | 22.5% | N/A |
| 2020 | N/A | -22.1% | 80.1% | N/A |
| 2019 | N/A | -0.7% | 42.0% | N/A |
Total Return Ranking - Trailing
| Period | MSIWX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 6.8% | -11.8% | 39.7% | 76.89% |
| 1 Yr | 11.2% | -7.9% | 41.1% | 79.32% |
| 3 Yr | -7.4%* | -11.5% | 11.3% | 94.68% |
| 5 Yr | N/A* | -5.1% | 12.3% | 7.49% |
| 10 Yr | N/A* | -1.3% | 6.9% | 12.12% |
* Annualized
Total Return Ranking - Calendar
| Period | MSIWX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 12.3% | -1.0% | 42.0% | 37.36% |
| 2022 | -33.5% | -42.2% | 1.9% | 95.75% |
| 2021 | N/A | -32.5% | 33.1% | N/A |
| 2020 | N/A | -20.0% | 81.6% | N/A |
| 2019 | N/A | 2.3% | 42.0% | N/A |
NAV & Total Return History
MSIWX - Holdings
Concentration Analysis
| MSIWX | Category Low | Category High | MSIWX % Rank | |
|---|---|---|---|---|
| Net Assets | 241 M | 682 K | 103 B | 64.68% |
| Number of Holdings | 37 | 2 | 7534 | 97.02% |
| Net Assets in Top 10 | 137 M | 290 K | 23.8 B | 53.62% |
| Weighting of Top 10 | 57.21% | 2.9% | 101.1% | 3.84% |
Top 10 Holdings
- Taiwan Semiconductor Manufacturing Co Ltd 9.72%
- MercadoLibre Inc 9.33%
- NU Holdings Ltd/Cayman Islands 6.01%
- Trent Ltd 5.78%
- Avenue Supermarts Ltd 4.90%
- KEI Industries Ltd 4.63%
- ICICI Bank Ltd 4.36%
- Localiza Rent a Car SA 4.28%
- TVS Motor Co Ltd 4.25%
- Globant SA 3.94%
Asset Allocation
| Weighting | Return Low | Return High | MSIWX % Rank | |
|---|---|---|---|---|
| Stocks | 100.68% | 0.00% | 103.28% | 4.11% |
| Cash | 1.52% | -2.03% | 100.35% | 59.86% |
| Preferred Stocks | 0.00% | 0.00% | 13.31% | 72.77% |
| Other | 0.00% | -1.11% | 39.53% | 54.47% |
| Convertible Bonds | 0.00% | 0.00% | 7.40% | 38.57% |
| Bonds | 0.00% | 0.00% | 95.13% | 43.69% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | MSIWX % Rank | |
|---|---|---|---|---|
| Technology | 35.18% | 0.00% | 47.50% | 3.30% |
| Consumer Cyclical | 21.79% | 0.00% | 48.94% | 5.75% |
| Financial Services | 19.56% | 0.00% | 48.86% | 64.80% |
| Basic Materials | 8.15% | 0.00% | 30.03% | 52.87% |
| Consumer Defense | 6.05% | 0.00% | 25.90% | 54.31% |
| Industrials | 5.58% | 0.00% | 43.53% | 57.76% |
| Communication Services | 3.70% | 0.00% | 39.29% | 89.94% |
| Utilities | 0.00% | 0.00% | 39.12% | 80.75% |
| Real Estate | 0.00% | 0.00% | 17.15% | 89.37% |
| Healthcare | 0.00% | 0.00% | 16.53% | 98.71% |
| Energy | 0.00% | 0.00% | 24.80% | 91.67% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | MSIWX % Rank | |
|---|---|---|---|---|
| Non US | 80.00% | 0.00% | 100.52% | 71.63% |
| US | 20.68% | 0.00% | 100.95% | 17.16% |
MSIWX - Expenses
Operational Fees
| MSIWX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 29.98% | 0.03% | 29.98% | 0.14% |
| Management Fee | 0.75% | 0.00% | 2.00% | 28.27% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.01% | 0.85% | N/A |
Sales Fees
| MSIWX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 3.50% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| MSIWX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | 2.00% | 1.00% | 2.00% | 35.19% |
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.
| MSIWX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 27.00% | 0.00% | 189.00% | 22.73% |
MSIWX - Distributions
Dividend Yield Analysis
| MSIWX | Category Low | Category High | MSIWX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 9.74% | 94.18% |
Dividend Distribution Analysis
| MSIWX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | SemiAnnual | Annual |
Net Income Ratio Analysis
| MSIWX | Category Low | Category High | MSIWX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | -0.80% | -1.98% | 17.62% | 94.26% |
Capital Gain Distribution Analysis
| MSIWX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Quarterly | Annually |
MSIWX - Fund Manager Analysis
Managers
Vishal Gupta
Start Date
Tenure
Tenure Rank
Nov 30, 2015
6.5
6.5%
Vishal is a Portfolio Manager on the Global Emerging Markets team, focusing on the Emerging Markets Leaders strategy, based in Singapore. He joined Morgan Stanley in 2014 and has 14 years of investment experience. Prior to joining the firm, Vishal worked at Sansar Capital as a research analyst covering Asian equities. Previously, he was an analyst covering the India oil & gas and retail sectors at Brics Securities in Mumbai. Vishal received his B.A. in mechanical engineering from Thapar University and an M.B.A. from the Indian Institute of Management, Ahmedabad.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.09 | 33.71 | 6.67 | 13.42 |
